Hu An Cable TDR surged 6.8% today?

Me puzzled too by the selling. The seller is Yeung Wai Wing, a non-executive board member and substantial shareholder of Hu An.

From my research, he owns 100% of  of Goka Limited, a fund.

Goka sold Hu An shares as far back as Nov 2010, and it looked ok at that time cos it's natural to take some profit as he was selling at S$0.42 per share.

But why continue to sell down currently?

This kind of people do a lot of reputational damage to the company -- how can a board member dump shares like dumping rubbish?
Unless he knows something rotten within the company, in which he case he is doing insider trading. Either way, Yeung Wai Wing should be grilled at the next AGM.

Hu An Cable is still strong in Taiwan. TDR at 10.05 taiwan dollar, is equal to 0.42 SGD.

1 Taiwan TDR = 1.25 SG share....so, 42 SG cents = 33.6 cents.

This is a 34% premium over SG stock price of 25 c. Somehow, Singapore investors are unwilling to pay up for S-chips. Shame on the stoopid/greedy management like China Milk, China Gaoxian, etc for sowing this mistrust among us.

Hu An Cable chairman was featured in The Edge this week and he is seeking PR in SG. Must park S$10 m in SG. If application is successful his 2 sons will move here to study. Does this mean anything ? Maybe a little -- this S-chip has to behave! Any problem, the Chairman can be 'contacted' and his S$10 m is within reach of the law.

Doomsday that cheongwee predicted is still far away - or it wont be coming anytime soon?
All the stocks highlighted in this thread --- no go, still struggling except for Bright World & Techcomp. This year so far is not good for investors. Hu An Cable supposed to be top value stock cos SEAVI bought into it and said very positive things. But still languishing at 36 cents. !!!!

All casualties of Japan and MENA!
Except for Bright World.....
Any other survivors?

The price now very attarctive.

Taisan did a placement of 30 million new shares in May 2010.

The company issued another 125 million new shares in Sep 2010 for the TDR listing. Total share capital now is an astounding 1,109,587,735!

This thread is Part 2.

Part 1, which features stocks such as Ziwo, Hu An Cable, Fuxing and Techcomp, is here http://www.nextinsight.net/index.php/component/ccboard/view-postlist/forum-3-sgx-stocks/topic-4327-readers-top-picks-part-1

I like to pick Bright World as a top pick for 1Q2011.

Current share price 49.5 cents. Estimated share price 65 cents by end 1Q2011.

Reasons being;

1) 2010 should be a year of good results since 9M has already contributed 100m profit. Expect the full year earnings to be 130m. Based on 400m share cap, the earnings per share is around 6.5 cents. At target price of 65 cents, the PE is 10x historic.

2) I expect strong growth in 2011 which should provide the catalyst for analysts initiation. Profit may grow 40% to 180m. This will bring the 2011 PE to around 6.5x.

3) Strong dividends payout will continue to provide stability to the share price

4) Industrial orders in Asia are doing well and this is an indirect indicator to Bright World good prospects for 2011.

My picks:

Advanced Holdings (26c currently, 35c target=about 35% upside by end Q1-2011)

1) Recent contract wins should provide some continuity in generating profits form existing ops

2) ATAC and Applied Engineering should be contributing fully to Advanced Holdings' next quarterly results

3) Cash rich and pays ~8% dividends

Falcon Energy (43c* currently, 55c target=about 30% upsideby end Q1-2011)

1) Heavily oversold after rights issue

2) O&G related stock, with long term charters direct to oil majors and earnings not as volatile as EPC players like Ezra

3) P/E of about 8.5 quite cheap relative to industry peers (eg Ezra is at P/E 12)

*Edited from 42c as Falcon rose 1c as I was composing my message :)

Here are my top 2 picks (26 Dec 2010):

1. Ying Li International Real Estate (Current price $0.385) with expected price appreciation by more than 100%. Top line grew by a good 17.3% YoY (3Q10: RMB36.8m, 3Q09: RMB31.4m) with total comprehensive income for the period (excluding foreign currency translation differences) recorded at RMB6.6m – a 23.0% YoY (3Q09: RMB3.5m) improvement. Its intrinsic value is 90cents and RNAV valuation by some brokerages is as high as 80cents. Ying Li is riding on Chongqing's fast growth and Chongqing is one of the highest growth city in the world. The Go West policy by China Central government will benefit Ying Li, which has many properties in the prime CBD area of Chongqing such as Jiefangbei, GuanYinQiao, Yuzhong area etc. Its IFC project is another success to its portfolio and cld be worth much more than current price. A pipeline of developments is also in progress for Ying Li. The above are from F.A point of view. On T.A point of view, Ying Li has a big descending wedge which is on verge of breaking out. Bullish divergences are also spotted. The OBV suggests possible good accumulation had been done by big hands. Accumulation could be completing and high explosive movements could be coming. Ying Li: One phrase to describe it. Bright prospect.


My next pick: 2. China Sky Chemical Fibre (Current price $0.23) with expected price appreciation by more than 100% too. I should had posted this when China sky was 21.5cents, but anyway, that's life.. China Sky is a big turn around quality S Chip. It used to be a market darling but had been unfairly punished by the market. During the financial crisis, only a minority of S chips were black sheeps, but the great majority were actually pure and clean white sheeps. China Sky produces high end quality nylon and the demand, as well as Avg Selling Prices (ASP), of such products are recovering well. The recovery is sustainable and lasting. China Sky which has made -198.869m after-tax loss in 2009, has made +59.415m profits 9M10. It is still improving and could be soon be there to challenge its past glory of annual +400m to +650m after-tax profits. With an NAV of 70cents, it is really priced at such a huge discount, and especially so if it is compared to its peers in Korean Listings. The above is on F.A basis. On T.A basis, China Sky has broken out of a big descending wedge which is in essence, very bullish in nature and has formed a major reversal already. There is a new uptrend in China Sky chart with healthy volume. There is also a golden cross in China Sky which is bullish.