Chasen

josephyeo
Topic Author
Offline
Junior Member

5 years 4 months ago #24594 by josephyeo

Replied by josephyeo on topic Chasen

Hi Val, i am personally not too worried about this so long as the business is growing. I believe the management have some plans in mind to resolve this problem. Share with 2 extracts from an interview on 12 July. See below:

Extract 1
Also on Chasen' s plans are potential spin-offs of its subsidiaries, which it believes will be able to unlock their value, as the sum of its parts is currently worth more than the whole, non-executive chairman Eric Ng told media and analysts in a Wednesday briefing.

Extract 2
Asked if it is pursuing these strategies to lift its six-month volume-weighted average stock price to at least 20 Singapore cents - one of the requirements before it can exit the watch list, Mr Ng said the company also has other ways to boost its value, either by finding investors for its subsidiaries, or listing them.

" We are probably looking at both ways. This year, we will focus on this and probably you can look forward to some announcements. We have three potential subsidiaries to do this with - two in China and one in Malaysia. We are looking at the Hong Kong Stock Exchange Gem board."

Please Log in or Create an account to join the conversation.

Val
Offline
Elite Member

5 years 2 months ago #24667 by Val

Replied by Val on topic Chasen

Steady profit every Q. Surprise (small) dividend, are they signalling something positive?

Please Log in or Create an account to join the conversation.

josephyeo
Topic Author
Offline
Junior Member

5 years 2 weeks ago #24708 by josephyeo

Replied by josephyeo on topic Chasen

A quote taken from page 3 of its 2018 annual report:

Chasen as a whole continues to make good progress and the current financial year is expected to be another watershed as each subsidiary successfully implement their strategic business plans approved by the Board last financial year.

As book orders continue to build up and projects executed across our three business segments, we hope to achieve another record in annual revenue in line with global economic growth opportunities. If the revenue targets for this
financial year are achieved, and barring unforeseen circumstances, the Group would be expected to be well on its way to achieve its target of $200 million in revenue by 2020 through the following strategies

Just sharing ... dyodd

The following user(s) said Thank You: Val

Please Log in or Create an account to join the conversation.

Val
Offline
Elite Member

5 years 2 weeks ago - 5 years 2 weeks ago #24709 by Val

Replied by Val on topic Chasen

The stock price is 8+ cents, which is still far from 20 cents to get out of watchlist.

Chasen must have a minimum trading price of 20 cents for Mainboard companies. The deadline is June 2020.

infopub.sgx.com/FileOpen/Chasen%20-%20An...cement&FileID=456597

Will company opt to go to Catalist while growing its fundamentals (which is within its control) ?

Last edit: 5 years 2 weeks ago by Val.

Please Log in or Create an account to join the conversation.

josephyeo
Topic Author
Offline
Junior Member

5 years 1 week ago #24719 by josephyeo

Replied by josephyeo on topic Chasen

Below are 2 extracts from an article on Chasen as appeared in the Business Times 12 July:

Extract 1
Also on Chasen' s plans are potential spin-offs of its subsidiaries, which it believes will be able to unlock their value, as the sum of its parts is currently worth more than the whole, non-executive chairman Eric Ng told media and analysts in a Wednesday briefing.

Extract 2
Asked if it is pursuing these strategies to lift its six-month volume-weighted average stock price to at least 20 Singapore cents - one of the requirements before it can exit the watch list, Mr Ng said the company also has other ways to boost its value, either by finding investors for its subsidiaries, or listing them.

" We are probably looking at both ways. This year, we will focus on this and probably you can look forward to some announcements. We have three potential subsidiaries to do this with - two in China and one in Malaysia. We are looking at the Hong Kong Stock Exchange Gem board."

Just sharing ...

Please Log in or Create an account to join the conversation.

Kapitan
Offline
Premium Member

4 years 10 months ago #24772 by Kapitan

Replied by Kapitan on topic Chasen

Josephy, do you think the trade war will lead to MNCs relocating out of China to Viet, etc, and this will create lots of biz for Chasen?

Please Log in or Create an account to join the conversation.

Time to create page: 0.232 seconds