CHINA FIBRETECH

yeng
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12 years 2 months ago #8216 by yeng

Replied by yeng on topic Re:CHINA FIBRETECH

What James is true and what Azza said also is true. Such is life -- all of us can be right.
Whether China Fibretech can be a profitable investment is yet to be seen. But now, it looks like it's attracting attention with a rising volume and a stock price of 5 cents. The upcoming full year result can either propel it higher or kill the stock.

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yeng
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12 years 2 months ago #8302 by yeng

Replied by yeng on topic Re:CHINA FIBRETECH

Thumbs down!

Profit warning :

The unaudited financial results of the Group for the 4Q2011 is expected to report materially lower
revenue and a loss before taxation as compared to 4Q2010. The lower revenue was due mainly to
the decrease in demand for our fabric processing services by our customers. This slowdown in
demand started in May 2011 (as per our commentary in note 10 in our Second Quarter and Half Year Financial Statements and Dividend Announcement for the period ended 30 June 2011) and further deepened during 3Q2011/4Q2011 as compared to previous quarters.

There was also an increase in provision for staff related costs. The higher staff related costs relates to additional provision for housing fund and social security contributions required by the national labour laws and regulations.

In addition, the Group also provided an impairment expense of RMB8.9 million for past construction in- progress.

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Joes
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12 years 2 months ago #8354 by Joes

Replied by Joes on topic Re:CHINA FIBRETECH

What a disastrous 2H they had!
How can business dive so sharply? This must be a highly competitive industry -- too many players and too low barriers to entry. And on the demand side, are they also affected by Europe recession?

The cash pile is the bright side to this counter. 20 SG cents of cash as they have hardly any bank borrowing. Stock price is 4.5 cents, how can??? The whole thing doesn't make sense. Neither does the absence of dividends. Just 1 cent alone won't make a dent on their cashpile but it will boost investor confidence and the stock price/. Hello, Fibretech, who are you really?

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Azza
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11 years 4 months ago #12485 by Azza

Replied by Azza on topic Re:CHINA FIBRETECH

Another S-chip that has jumped! It's still trading (3.3 cents) way below net cash.

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Azza
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11 years 4 months ago #12498 by Azza

Replied by Azza on topic Re:CHINA FIBRETECH

China Fibretech up 33% today! Holy cow! But still below my purchase price ! Certainly it is undervalued ?
CHINA FIBRETECH: "Ridiculous that the market is pricing it at less than 4 cents"

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Joes
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11 years 1 week ago #13818 by Joes

Replied by Joes on topic Re:CHINA FIBRETECH

A good thing may be that they have a new ID on board. Lim Yoke Hean is a veteran at corporate finance and is now CEO of Pheim Asset Management.

www.pheim.com.sg/about_us/staff_singapore_team.html

Hope some shareholder can ask him , or motivate him, to make Fibretech a better-run business and improve the share price.

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