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Phenomenal growth record but newly listed Mencast trades underwater |
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Written by Sim Kih
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Thursday, 25 September 2008
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 Mencast makes sterngear equipment such as propellers for shipyards and shipowners.
STERNGEAR EQUIPMENT maker Mencast’s revenue and net profit may have grown at a compounded annual rate of 27% and 161% respectively over FY05-07, but that has failed to sustain investor interest in this recent IPO listing.
The marine play listed on Catalist at 28 cents on 25 Jun 2008 and has had no trade since it last closed at 20 cents on 15 of Sep.
Investors brushed aside its gross profit margin leap from FY05’s 29% to 46% in FY07: trades in the stock trickled to less than 100 lots per day within one month of its IPO.
Is this a stock that has been overlooked?
Read: MENCAST: Sterngear equipment maker |
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Ten warning signs to watch for |
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Written by Sim Kih
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Wednesday, 24 September 2008
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  China's GDP growth is ahead of the rest of the developed world.
CHINA’S GDP growth may still be tops among major economies, but stock-picking S-chips requires more caution given their volatility.
There are 10 quick checks that seasoned investors look at just based on disclosure on SGXNet, and these revolve around
- Tell-tale signs that suggest possible fraud or cash embezzlement,
- Numbers that support claim of ability to sustain growth,
- Suspicious changes in shareholding or posts held by key officers,
- Good or bad corporate governance.
Before plunging into your bargain gem, check these warning alerts out.
Read: S-CHIPS: Warning signs in stock bargain dept |
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Welcome to our new forum! |
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Written by Leong Chan Teik
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Thursday, 25 September 2008
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MAN WAH Holdings, a stock that currently trades at only about 3.7X forecast current-year PE, is the most read thread on our new forum, which is 7 weeks old now. The postings are of a quality you don’t commonly find in other investment forums. They came fast and thick mainly from ‘scbchan’, who is an actuary with an international reinsurer. He has identified himself as Benjamin Chan. Thanks Ben for all your sharing and may the stock prove to be a winner for you.
The forum is open to quick off-the-cuff chat too, so if you have stocks to chat about, just click on INVESTOR FORUM at the top left-hand corner of this page. Happy writing! |
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Look who's buying fallen stocks |
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Written by Leong Chan Teik
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Tuesday, 23 September 2008
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***More than 500 people read this within 48 hours! Best World | Date of purchase | No. of shares purchased | Value/share (S$) | Total value (S$) | Dora Hoan
| 18 Sept | 100,000 | 0.21 | 21,000 | | 18 Sept | 500,000 | 0.26 | 130,000 | | Doreen Tan | 22 Sept | 100,000 | 0.24 | 24,000 | | 18 Sept | 100,000 | 0.21 | 21,000 | | 18 Sept | 500,000 | 0.26 | 130,000 | | Li Li Hui | 22 Sept | 100,000 | 0.23 | 23,000 |
Best World’s chairwoman Doreen Tan bought 100,000 shares yesterday (Sept 22). CEO Dora Hoan didn’t but what is interesting is that a member of her immediate family, Li Li Hui, bought 100,000 shares. It was the latter’s maiden purchase.
Full article: INSIDER BUYING: Best World, China New Town Development Co.
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'Angel' Gabriel on a turning point in the market |
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Written by Leong Chan Teik
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Monday, 22 September 2008
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 Gabriel Yap
GABRIEL YAP, a well-known figure in the investment community, loves keeping his friends and clients up to date – often with his own insights and views of the stock market.
This morning, his latest email blast captures his thoughts on a turning point in the market, and is reproduced here with his permission. For those who don’t know, Gabriel is senior dealing director with DMG & Partners, and appears frequently on international TV, radio and print media.
Full article: FAST FORWARD: ‘Angel’ Gabriel speaks |
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