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FERROCHINA stock suspended |
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Written by Sim Kih
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Thursday, 09 October 2008
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***More than 1,100 people read this within 24 hours!!!
 FerroChina suspends its shares after a trading halt.
BARELY FOUR weeks after JP Morgan raised the red alert on FerroChina, the company has announced it has run into a working capital crisis.
The leading galvanized steel player announced today it faces difficulties repaying over Rmb 5 billion of loans and called for a suspension of trading in its shares.
Another stock, China Printing & Dyeing, was in the news when its management and major shareholders could not be contacted after requesting a trading halt yesterday.
For the 10 warning indicators of troubled stocks using FerroChina’s example, read: FERROCHINA: JP Morgan's advance red flag |
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ASL MARINE: Stock trading at 3.1X historical earnings |
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Written by Leong Chan Teik
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Thursday, 09 October 2008
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 Eight Singapore analysts visited ASL Marine's yard in Batam on Tuesday. Photo by Leong Chan Teik
IF YOU have never seen a dry dock, here is a bird’s eye view of a ship sitting on the ground of a dry dock.
It is the site of ASL Marine, a company which has been riding the shipbuilding boom.
More so in future, as the shipbuilding cycle turns down, ASL Marine is set to enjoy a boom in ship repair and maintenance, as a group of analysts learnt during a visit on Tuesday (Oct 7)
The company has said it expected earnings and revenue for the current financial year ending June 2009 would be higher.
At yesterday’s (Oct 8) closing price of 66 cents, ASL Marine stock trades at 3.1X its FY ’08 (ended June 2008) earnings.
Full article: ASL MARINE: Riding the wave of shiprepair boom |
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China Kunda's IPO closes 12pm today ! |
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Written by Sim Kih
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Tuesday, 07 October 2008
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 CEO Cai Kaoqun defies the lackluster market sentiment and braves China Kunda's IPO launch. Photo by Sim Kih
PLASTIC INJECTION mold manufacturer China Kunda’s IPO closes today at 12pm.
Trading of its 320 million shares begins this Thursday, 9 Oct.
90.3 million shares have been placed out and it is offering 5 million shares to the public at 21.5 cents each (6X historic PE).
It is raising S$14.4 million mainly for production capacity expansion and general working capital.
Do investors have appetite to stomach this small float of S$68.8 million?
Why is the company is so confident of its business outlook that it is braving the current lackluster IPO market sentiment?
Read NextInsight’s interview with the management on its world-class technology: CHINA KUNDA: Plastic injection molds as good as imported ones |
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Drink to an attractive stock |
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Written by Leong Chan Teik
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Monday, 06 October 2008
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INVESTOR Donmihaihai considers Full Apex as being ‘dirt cheap’.
At 15 cents, the stock is selling at a P/E of 4.2 times 2007 earnings, 0.49 X book value and a dividend yield of 1.4%.
The latter would be higher if the payout goes up from 5% of net profit to 50% of net profit, something which the company can afford to to, argues Donmihaihai.
Read his analysis: FULL APEX: Trading at 4.2X historical earnings |
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Written by Leong Chan Teik
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Sunday, 05 October 2008
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 Moonlake with the Fruit of the Loom guys at the Berkshire AGM.
VOLATILE MARKETS such as the current ones make us cringe, and we wonder if there’s any sense in investing long term when so we reap the rewards from the growth of great businesses.
Two investors, Moonlake and hubby Ansgar Cheng, are firm believers in the Warren Buffett way – buying for keeps.
Full article: Moonlake & Ansgar: Buying stocks for keeps |
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