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2015-04-22 23:33 | Report Abuse
Closed at 51.5 on 22 April
2015-04-09 23:15 | Report Abuse
Valuetronics (VALUE SP, BN2)
Technical BUY with 13.4% potential returns
Last price: S$0.485
Target price: S$0.55
Protective stop: S$0.450
BUY with a target price of S$0.55, with stops
placed at S$0.485. The stock continues to
trade at above the rising 25-day SMA and a
breakout could close the gap down formed on
29 Jul 14. The MACD indicator appears to
have corrected moderately and looks poised to
form a bullish crossover at above its centreline.
Watch the MACD histogram to see if it could
move above its centreline.
Expected timeframe: 2 - 3 weeks.
Valuetronics
Made a few round on this Valuetronics..it's owned by Hongkee..not an S chips and the beauty of this co it pays good dividends every year since ipo in 2007 and has no bank borrowings ..positive CAGR
2015-04-09 23:04 | Report Abuse
In Oct 2014 it broke below 30cts after negative report by Maybank-Kim Eng..hover 30-35 for sometime before it broke through 40cts and at that time target price was from 50-72cts...latest T.P is at 64cts if it can maintain its profits and dividends policy..hope can break the 50cts soon
https://www.flickr.com/photos/caricature/14920417144/
Quite safe witrh its limited downside as the dividends yiled is much better than FD rates
2015-04-09 10:40 | Report Abuse
Was at Capitalmaster Pte Ltd (Fock Wah Industrial Building)where they recommend strongly as strong accumulation of Valuetronics detected
2015-04-08 22:34 | Report Abuse
Change of shareholdings in GP Batteries International Limited
The Directors of GP Industries Limited (the “Company”) are pleased to announce
that the Company has today acquired 98,000 ordinary shares (the “Additional GPB
Shares”) in the capital of GP Batteries International Limited (“GP Batteries”) by way
of open market purchases on the Mainboard of the Singapore Exchange Securities
Trading Limited (the “SGX-ST”). The aggregate consideration, excluding brokerage
and stamp duty, payable by the Company for the Additional GPB Shares and to be
funded by the Company’s internal cash resources, is S$98,000.
Based on the weighted average price of S$1.0065 per ordinary share in the capital
of GP Batteries (a “GPB Share”) transacted on 7 April 2015, being the market day
preceding the date of acquisition of the Additional GPB Shares on which GPB
Shares were transacted on the SGX-ST, the market value of the Additional GPB
Shares is S$98,637.
Following the completion of the acquisition of the Additional GPB Shares, the
Company’s interest in GP Batteries will increase from 101,137,644 GPB Shares,
representing approximately 61.37 per cent. of the shareholdings in GP Batteries, to
101,235,644 GPB Shares, representing approximately 61.43 per cent. of the
shareholdings in GP Batteries.
By Order of the Board
Lynn Wan Tiew Leng
Company Secretary
8 April 2015
2015-04-06 23:01 | Report Abuse
G.P industries also bought into G.P Bat shares besides Victor the CEO buying GP Bat shares ..will there be concerted take over of G.P bat shares?
Change of shareholdings in GP Batteries International Limited
The Directors of GP Industries Limited (the “Company”) are pleased to announce
that the Company has today acquired 42,300 ordinary shares (the “Additional GPB
Shares”) in the capital of GP Batteries International Limited (“GP Batteries”) by way
of open market purchases on the Mainboard of the Singapore Exchange Securities
Trading Limited (the “SGX-ST”). The aggregate consideration, excluding brokerage
and stamp duty, payable by the Company for the Additional GPB Shares and to be
funded by the Company’s internal cash resources, is S$41,727.
Based on the weighted average price of S$0.9854 per ordinary share in the capital
of GP Batteries (a “GPB Share”) transacted on 2 April 2015, being the market day
preceding the date of acquisition of the Additional GPB Shares on which GPB
Shares were transacted on the SGX-ST, the market value of the Additional GPB
Shares is S$41,682.
Following the completion of the acquisition of the Additional GPB Shares, the
Company’s interest in GP Batteries will increase from 101,065,144 GPB Shares,
representing approximately 61.32 per cent. of the shareholdings in GP Batteries, to
101,107,444 GPB Shares, representing approximately 61.35 per cent. of the
shareholdings in GP Batteries.
By Order of the Board
Lynn Wan Tiew Leng
Company Secretary
6 April 2015
2015-03-09 23:15 | Report Abuse
close at 47cts
Most analysts not accurate see they predict T.P for innovalue to be 47cts a few month s ago now Innovalue 70cts.When FYE 31 March and give special dividends besides the usual dividends Valuetronics may test its new high again..last year when AGM was on in Sept 2014 I still bought at 49 cts thereabout and during th emeeting tested 50cts level and a few days later tested 59 cts high record before I sold all shares bought from 23-26,27-33 and 35-38cts all out..let' [s hope history will repeat
DMG seems to be the most bullish among the analysts who cover Valuetronics with a TP of S$0.64, Phillip Securities has a TP of S$0.50 and KGI Fraser is at S$0.57. seems like the counter is looking for a new price point to consolidate. good luck to all who are vested!
2015-03-09 19:34 | Report Abuse
Today break resistancce 45cts and hit 47cts:s12::s13:
2015-03-02 15:32 | Report Abuse
Valuetronics started at "buy", 64-cent target by OSK DMG
By Frankie Ho / theedgemarkets.com | March 2, 2015 : 9:33 AM MYT
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SINGAPORE (March 2): OSK DMG has started coverage on Valuetronics with a "buy" rating and 64-cent price target.
The maker of consumer and industrial electronic products is "substantially undervalued", with its net cash representing 56% of its current market value and the stock trading at a "bargain" of 2.5 times projected 2016 earnings excluding cash, according to OSK DMG analysts Jarick Seet and Terence Wong.
"With its strong balance sheet and a business generating a substantial amount of positive free cash flow, we find that the company has been deeply misunderstood and undervalued by the market," they wrote in a note today.
When its main customer Phillips said last September it would divest its lighting business, the market believed the conglomerate would shut down or scale down its lightning business. That sparked a major sell-off on Valuetronics' shares.
In January this year, Phillips said it would sell the business via an IPO in 2016.
"If the IPO is successful, this would be a big positive and a significant fundamental change for Valuetronics’ business prospects – and could erase the initial worries of lower contributions from Phillips," the analysts said.
"We expect orders to increase from the soon-to-be-listed lighting division and margins to increase for Valuetronics’ consumer electronics division from FY16."
Another attraction of Valuetronics is its high dividend yield, they said, noting that the company has set a formal dividend payout ratio of 30% to 50% as of last year.
"We expect Valuetronics to consistently pay out above 40% of its net profit after tax going forward and potentially a special dividend if it manages to do well, like in FY14.
"This would result in a potential dividend yield range of 8%-9%
2015-02-18 23:25 | Report Abuse
Last half hour it was trading 42-42.5cts but closing bell all 42cts was taken up leaving a wide buy-sell gap 42.5-43.5 at close for tue and even on half day trading 18 Feb..This imply Valuetronice is well supported even at 42.5cts level grin LOL cheese smile smile
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VALUETRONICS HOLDINGS LIMITED
2015-02-18 23:24 | Report Abuse
Last half hour it was trading 42-42.5cts but closing bell all 42cts was taken up leaving a wide buy-sell gap 42.5-43.5 at close for tue and even on half day trading 18 Feb..This imply Valuetronice is well supported even at 42.5cts level grin LOL cheese smile smile
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VALUETRONICS HOLDINGS LIMITED
2015-02-16 15:31 | Report Abuse
42-42.5 hit high 43cts accumulation in progress..at current price I don't think will lose much? If worst scenario hold..dividend about S$13 for last year per share..last year at AGM at Ris Carlton during AGM i went out to call my broker to buy 50000@48cts and after that it hit a high 59cts before selling at 53-53cts ex dividend hope history will repeat
2015-02-16 15:31 | Report Abuse
42-42.5 hit high 43cts accumulation in progress..at current price I don't think will lose much? If worst scenario hold..dividend about S$13 for last year per share..last year at AGM at Ris Carlton during AGM i went out to call my broker to buy 50000@48cts and after that it hit a high 59cts before selling at 53-53cts ex dividend hope history will repeat
2015-02-15 22:29 | Report Abuse
Feb 13): Amtek Engineering ( Financial Dashboard) shares rose to their highest in 10 months on above-average volume as investors cheered the precision engineering firm' s December-quarter results, which got a huge boost from Interplex, a US company it acquired last year.
At 12:01pm (0401 GMT), the stock was up 5.6% at 66 cents, just off its morning high of 67 cents, a level previously reached in April last year.
" Amtek is yet to fully exploit opportunities to cross-sell products after the acquisition of Interplex," DBS Vickers analyst Sachin Mittal said in a note today.
" Interplex has relationships with original equipment manufacturers including brands like Continental, Denso in automotive and Apple in mobile devices. This could spur growth, particularly in the automotive segment.
" Furthermore, there is room for cost savings which could boost margins over the next two to three years."
Amtek' s earnings for the three months to Dec 31 rose 74% y-o-y to US$11.2 million as revenue jumped 60% to US$263 million.
Notably, revenue from the automotive sector swelled 222% to US$67 million.
Following the acquisition of Interplex, the automotive sector is now Amtek' s biggest revenue contributor and, according to Mittal, is likely to continue doing well for some time.
" Key automotive markets such as the US are expected to see steady growth with better consumer spending and low fuel prices," said Mittal.
" Furthermore, the automotive products have longer life cycles which should contribute to stable performance in the segment."
Near-term resistance for the share price is seen at its 52-week high of 75 cents set in March last year.
hotelgrand ( Date: 15-Feb-2015 20:31) Posted:
Still holding some bougfht at 58-61cts level
hotelgrand ( Date: 13-Feb-2015 19:40) Posted:
Announcement Title Mandatory Cash Dividend/ Distribution
Date & Time of Broadcast 13-Feb-2015 18:49:39
Status Replacement
Corporate Action Reference SG150212DVCARURO
Submitted By (Co./ Ind. Name) Soon Swee Har Jocelin
Designation Company Secretary
Dividend/ Distribution Number Not Applicable
Dividend/ Distribution Type Interim
Declared Dividend Rate (Per Share) SGD 0.013
Narrative Type Narrative Text
Declaration Details Notice is hereby given that the Share Transfer Books and the Register of Members of the Company will be closed on 27 February 2015.
Declaration Details Duly completed registrable transfers received by the Company' s Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 26 February 2015 will be registered for the dividend.
Declaration Details In respect of ordinary shares in securities account with The Central Depository (Pte) Limited (" CDP" ), the dividend will be paid by the Company to CDP which will, in turn, distribute the dividend to holders of the securities accounts.
Record Date and Time 26/02/2015 17:00:00
Ex Date 24/02/2015
Payment Type Tax Exempted (1-tier)
Gross Rate (Per Share) SGD 0.013
Net Rate (Per Share) SGD 0.013
Pay Date 13/03/2015
Gross Rate Status Actual Rate
Dividend Details
Event Dates
Event Narrative
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Still holding some bougfht at 58-61cts level
hotelgrand ( Date: 13-Feb-2015 19:40) Posted:
Announcement Title Mandatory Cash Dividend/ Distribution
Date & Time of Broadcast 13-Feb-2015 18:49:39
Status Replacement
Corporate Action Reference SG150212DVCARURO
Submitted By (Co./ Ind. Name) Soon Swee Har Jocelin
Designation Company Secretary
Dividend/ Distribution Number Not Applicable
Dividend/ Distribution Type Interim
Declared Dividend Rate (Per Share) SGD 0.013
Narrative Type Narrative Text
Declaration Details Notice is hereby given that the Share Transfer Books and the Register of Members of the Company will be closed on 27 February 2015.
Declaration Details Duly completed registrable transfers received by the Company' s Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 26 February 2015 will be registered for the dividend.
Declaration Details In respect of ordinary shares in securities account with The Central Depository (Pte) Limited (" CDP" ), the dividend will be paid by the Company to CDP which will, in turn, distribute the dividend to holders of the securities accounts.
Record Date and Time 26/02/2015 17:00:00
Ex Date 24/02/2015
Payment Type Tax Exempted (1-tier)
Gross Rate (Per Share) SGD 0.013
Net Rate (Per Share) SGD 0.013
Pay Date 13/03/2015
Gross Rate Status Actual Rate
Dividend Details
Event Dates
Event Narrative
2015-02-11 09:31 | Report Abuse
I believe after its full year results(FYE 31 March 2015) Valuetronics will cross 50cts again
MAINBOARD-LISTED Valuetronics - a design and manufacturing partner for brands in the consumer electronics (CE) and industrial and commercial electronics (ICE) sectors - on Tuesday posted a 10.3 per cent increase in third-quarter net profit to HK$39.2 million (S$6.85 million), up from HK$35.5 million a year ago.
Revenue rose 3.4 per cent year-on-year to HK$596.2 million, due mainly to the increase in demand from some of its existing ICE customers and contribution from a new ICE customer, said the company.
As a result, its ICE revenue increased by 23.0 per cent to HK$235.0 million for the quarter, up from HK$191.1 million a year ago.
Valuetronics' CE revenue, however, decreased by some 6.4 per cent to HK$361.2 million from HK$385.7 million a year ago, due mainly to the slowdown in demand from some of its CE customers, said the group.
2015-02-10 23:29 | Report Abuse
Sentimentrader..seems you are right on target..
Not very bad the CE drop made up by IE and new major customer added may bring more opportunities..the Maybank analyst hve to eat her words
http://infopub.sgx.com/FileOpen/VHL%...3:fest30::240:
2014-11-09 23:04 | Report Abuse
Valuetronics just reported a 8.4% drop in 2nd qtr profit to HK$36.3mil drawing vastly different recommendations from brokers
Kim Eng-sell with a target $0.25 target
AmFraser-buy with $0.54 target because it said the co has S$0.19 cash per share
Philip-buy with a target price of $0.495,recent price weakness is overdone and it is undervalued on the most pessimistic of scenarios.If we assume the rest of the year has zero earnings growthand Q3 and Q4 earnings are the same as Q2,this implies a FY15 net income of HK$142.8mil which is only a 3-4% drop from FY14
So who is right?
http://www.shareinvestor.com/fundame...ls.html..share price close to NAV
2014-11-06 16:30 | Report Abuse
Valuetronics 2Q15 results - first take
Nope, Earnings did not Collapse (Kenneth Koh)
05 November 2014 Morning Note
ICE revenue increases 24.9% to HK$225m y/y due to increased demand. CE revenue decreases 10.9% y/y to HK$402m
mainly due to demand slowdown.
Gross profit decreased only by 2.4% y/y to HK$82m (Q2 FY2014: HK$84.0m) and margins remained stable at 13.1%.
Net profit declined by 8.4% to HK36.3m (Q2 FY2014: HK$39.6m)
However, a quarterly comparison is actually more encouraging than discouraging.
Vs 1Q15 results, CE revenue actually stabilized and increased by 5% (1Q15 CE revenue: HK$384m), it did not collapse. ICE revenue seems to have short term volatility, down 7% (1Q15 ICE revenue: HK$243m)
ICE revenue looks to improve next quarter
For perspective, if we assume that the rest of the year has zero earnings growth and Q3 and Q4 earnings are the same as Q2, that implies a FY15 net income of HK$142.8m, which is only a 3 - 4% drop from FY14. This is actually close to our
estimate of flat growth this year.
At the present price of $0.355, PE (T12M) is 5.4x. We believe the stock is likely still undervalued.
Our TP is under review and a formal report will be issued after the analyst briefing tomorrow.
Source: SGX Masnet, The Business Times, Phillip Securities Research
2014-11-06 16:28 | Report Abuse
Told u alan the former remisier bought..all his counters tanked..lucky escape
2014-10-21 13:31 | Report Abuse
tarlene ( Date: 18-Feb-2014 20:45) Posted:
Biz tines feb 18...red flags raised in Johore ppty mkt...grand entrance of chiba base Country Garden Holdings with its surprise launch of 9000 apartments at one go....may impact the mkt there...9000 units in Danga bay alone. ..overbuilding in Iskandar would replicate the ghost towns in China
I voiced my concern in beginning of the year...Iskander can't make it..Ringgit dropping in long term against S$..residential flood of supply..rental yield will drop no capital appreciation..they trying to shore up with MRT...maybe the value of Rowsley lies in RSP architects..very hit a low of 4 cts
2014-10-16 15:37 | Report Abuse
AmFraser: Valuetronics Holdings Ltd: Shedding light on deep value (Maintain BUY, FV: S$0.69)
Dutch MNC is separating out the lighting division, not shutting it down. We think the sell-down on this weeks-old piece of news, was totally unwarranted. The sale of LED light bulbs is not the core revenue generator for this MNC. In fact, Lumileds made up only 5% of their lighting revenue in 2013. We therefore do not believe that the decision to spin-off the weaker lighting division came just from headwinds in LED sales. It also certainly does not mean that lighting will be left out to hang dry. In truth, no one knows what big MNC’s plans are and we believe it would be more prudent for investors to assume the status quo than take a wild stab at what might or might not happen, and make worst case scenario assumptions.
Unlikely to do unprofitable business.There were also views that suggest that VALUE will continue to produce for big MNC even when its gross margins are halved or turn negative. We understand that the culture at VALUE is very profitability centric (superior net margins and them walking away from the licensing business). We find it hard to believe that Valuetronics would continue to do business with big MNC under such onerous terms.
CE’s headwinds already a well known fact. The headwinds for the CE business (-11% yoy in 1Q3/15) is a true area of concern; this was a well known fact that was highlighted post 1Q3/15 results. Our assumed CE revenue growth of 4% yoy looks high, but we have also underestimated, the higher margin, ICE growth rate (+36% yoy in 1Q3/15 vs. Amfraser’s estimated growth rate of 16%). As a result we believe both effects will even out at the bottom-line level. With a lower contribution mix from CE, we believe VALUE looks an even better proposition now, with much lower concentration risk.
Standing firm on our call. As 2Q3/15 results will be out in a couple of weeks, we make no changes to our current estimates, BUY rating and S$0.69 target. As of 1Q3/15 Valuetronics had cash of HKD441m or 19 Scts of cash per share with no debt and dividend yield of 9%. Cash level could fall over the next few quarters as Valuetronics spends on capex. Trading at 4.5x FY15F P/E, this stock looks extremely attractive in our opinion and this sell-down presents a very good chance for investors to buy.
2014-10-13 11:53 | Report Abuse
belive 40cts can buy,...last few sharp drop it ended 38-39.5cts..Doji formed but still never breakdown..can accumulate slowly
2014-09-30 19:15 | Report Abuse
Today's morning was hovering 33.5-34cts..close at 35-35.5 ended at 35cts ..looks more upside
2014-09-30 14:47 | Report Abuse
MayBank-KE Research
Innovalues (IP SP): Positive post-NDR outlook Buy TP SGD0.52
Twelve investors attended our NDR with Innovalues, in which management displayed confidence in their outlook.
3Q14 results will be strong indicator of this outlook. Maintain BUY with TP of SGD0.52 (10x FY15E P/E).
Recent direct qualification by two major automakers will push Innovalues into the big leagues.
]
2014-09-25 19:20 | Report Abuse
well said
Be careful of such announcements
He is not helping retailers to make $$$
He is only enriching himslf and his team
Don;t be the last one to carry the baby
Most of Alan Wang stocks died..
Asiatravel fried to 50 cents and now 24/25
Hankore after being fried by Alan has been nicknamed Kankore
SinoGrandes....fired to high of 75 and now at 67
2014-09-25 18:47 | Report Abuse
Always so impressive and promising but what shareholders want is profit/high growth-still in the red no profit to show but contimnue to place out more shares-dilution mah
Just found this write out:
Rex Int' l
Rex Int' l: ($0.615) Twin equity boost from prominent investors Alan Wang and Fidelity Shares of Rex International may get a boost after SGX filings showed that prominent investors Alan Wang and Fidelity Worldwide Investment (FIL) were the cornerstone investors in a recent share placement, leading them to become new substantial shareholders. Recall, Rex recently completed the placement of 168m new shares at $0.57 each. The net proceeds of $93.5m will be used to settle liabilities and working capital of Rex Technology Management (20%), for field development (60%) and to pursue existing and potential new business opportunities (20%). FIL picked up 70m placement shares, lifting its stake from 0.17% to 5.7%. Wang&rsquo s stake vaulted to 5.1% from 1.1%, after he took up 52m shares. Accordingly, parent Rex Commercial&rsquo s stake dropped to 44.1% from 50.9%, following the corporate action. The entry of two respected fund managers as substantial shareholders may lift sentiment in Rex&rsquo s shares. In particular Wang&rsquo s share transactions may be closely followed by some admirers. Wang is noted for his string of high-profile investments in stocks like HanKore, Memstar, Sarin, Sino Grandness, Asiatravel.com and UE E& C, all of which recorded significant share price outperformance subsequent his purchases. Rex trades at 2.5x proforma P/B.
POSTED BY ALAN LUO AT 3:53 PM
2014-09-11 19:21 | Report Abuse
close at 32 cts on 11 Sept 2014
2014-09-10 13:56 | Report Abuse
uckie wrote:
it's pushing.. but how long can this last.. no one knows.
As long as the senior management of the company is vested, I think it will last.
2014-09-10 10:01 | Report Abuse
buy only if can hold not for contra..downside limited as directors gold bought 1 mil at $0.25 and various directors also bought and convert rights/warrants/loan stocks from 15cts -22cts.. Innovalue dropped from 70cts ex bonus in the past from $1.47-$1.60 ..it has probably bottomed last few years from 10-15cts
18-May-2007 11:50 User is Offline About happyday Contact Quote!
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Alert Admin told by my broker there was 55 lot buying in at 80.5 cents,now I know why this counter was artifically push up above its theoretical ex all price of about 73 cents to punish the short sellers when counter went ex all on may 14.Probably will come down soon as the large overhang of bonus issue is on the way(1 for 1).In 2004,co also declared same bonus ratio issue.those holding till now has made tremendous gain
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happyday
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17-May-2007 13:45 User is Offline About happyday Contact Quote!
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Alert Admin innovalue traded xall on 16 may 1 for 1 bonus and 2% dividend and yet it is still above its theoretical price after going ex all.Base on 11 may last traded price $1.47 it should trade below $0.73 and with its generous bonus issue coming on the way,there will be a supply overhang and yet the counter shot up to $0.83 on 17 may..Baffling,defying gravity.Eg unisteel after going ex bonus its price down from $2,78 to $2,28 and singapura finance also ex all price of $1.9 to its current price $1,62.Why is this innovalue so special?or is this ex all price artifically supported?
2014-09-09 18:43 | Report Abuse
I nitiate buy call even earlier than AM Fraser..my call to buy was when it was 22cts in mid August
Booming automove market. The automove market in China and US has rebounded and been growing steadily aer the global fi nancial crisis and are expected to connue growing. Notwithstanding new customer acquisions, a recovery in the European automove market and the recent M& A acvies conducted by its exisng key customers will also add a further boost to
Innovalues in the coming years.
Strong boom‐ line growth through margin expansion. Although we are conservavely expecng revenue to grow at about 7% over the next 3 years, its resultant earnings is expected to grow at 3‐ yr CAGR of 38% between FY13‐ FY16F through margin expansion.
Higher dividends post balance sheet clean‐ up. Innovalues has been progressively paying down its debt over the last 6 years, and has just turned net cash in 2Q14. Along with its strong FCF, the company is now in a posion to increase dividends. We expect total dividends for FY14 to be increased to 1.7 Scts (5.7% yield) vs. 1.2 Scts in FY13 and FY12, and connue to grow going forward.
Posive insider acvity. Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about S$1m was spent by these directors to acquire 4.7m shares (ave. price of S$0.22) from the open market.
Clearly undervalued. Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformaon in sector focus, renewed balance sheet strength and higher prospecve dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of
S$0.465.
2014-09-09 10:33 | Report Abuse
Innovalues: AmFraser initaites coverage with Buy call and TP $0.465. The house notes that The automotve market in China and US has rebounded and been growing steadily after the global financial crisis and are expected to continue growing. Notwithstanding new customer acquisitions, a recovery in the European automotive market and the recent M&A conducted by its exisitng key customers will also add a further boost to Innovalues in the coming years.
Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about $1m was spent by these directors to acquire 4.7m shares (ave. price of $0.22) from the open market.
Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformation in sector focus, renewed balance sheet strength and higher prospective dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of $0.465.
2014-09-09 09:16 | Report Abuse
Went in again at 29cts on Mon 8 Sept...worth the punt?
wow everyday just push up 1 cts is enough
2014-09-08 16:51 | Report Abuse
Up with high vol 5.9mil done..good sign I am confident of Innovalue heading even higher.Used to buy at $1.18 in 2007 and sold off at about $1.60
CEO buy up at 0.25.
Assuming 0.006C x 2 (twice a year dividend) 0.012 at current prices - say 0.3 - still a 4% dividend stock.
Year end results expected to be good. Volume picking up. I would say this stock got super potential still.
Called to buy since 0.225
2014-09-04 18:23 | Report Abuse
Today close at $1.17 Is Ms Saw up her bid from $1.16-1.165?
hotelgrand ( Date: 03-Sep-2014 17:45) Posted:
She bought again on Sept 2..
5000
6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp
duties):
$$5,800.00
2014-09-03 17:46 | Report Abuse
Sept 2 she bought again
5000
6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp
duties):
$$5,800.00
2014-09-02 18:59 | Report Abuse
Number of shares, units, rights, options, warrants, participatory interests and/or principal
amount/value of debentures or contracts acquired or disposed of by Director/CEO:
10000
6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp
duties):
$11,600.00
Just like Innovalue when the directors buy..it is a matter of time should go up..but must buy above Ms Saw purchased price $1.16 as she is supporting there..I think anytime below $1.20 still o.k..previously I sold off at $1.42-1.48 ( Date: 02-Sep-2014 14:24) Posted:
Ms Saw support at $1.16
2014-08-28 16:36 | Report Abuse
Just received prospectus, EGM 12 Sept-Hotel Grand Chancellor Pte Ltd was tendered for $48.89mil in 2007 and 328 room was constructed at a cost 459.23mil and hotel was opened in 2010..valued at $201mil on Sept 2012.Hotel Grand expected profit of $67.02mil after paying off $54mil in outstanding bank loans and the net proceeds of 4192mil will be placed in interest bearing bank' s term deposits to pursue groth opportunities and fund the co' s future business plan.NTA expected to increase from $1.43 to $1.55 and sale expected to complete by 15 Jan 2015
Coupled with the 600 rooms of 2 brand new hotels in front of Istana,hope one day maybe the closely knit family may sell off at a higher valuation.Ever hit a high of $2 plus slightly
Despite the cessation of the hotel operations at Orchard,company's 1 H 2014 still increases
HOTEL GRAND CENTRAL LIMITED
Company Registration No. 196800243H
Unaudited Financial Statement for the Period Ended 30 June 2014
PART I - Information required for announcements of quarterly (Q1, Q2 & Q3), half year
and full year results
1 (a) An income statement for the Group together with a comparative statement for the
corresponding period of the immediately preceding financial year
1(a)(i) Consolidated Income Statement for the Period Ended 30 June 2014:
2014 2013 % 2014 2013 %
Note S$'000 S$'000 Change S$'000 S$'000 Change
Revenue
Hotel operations and management 33,921 33,347 2% 69,502 69,944 -1%
Rental income from investment properties 1 2,635 1,379 91% 5,199 2,755 89%
Total revenue 36,556 34,726 5% 74,701 72,699 3%
Other income 2 70 52 35% 1,142 108 957%
36,626 34,778 5% 75,843 72,807 4%
Costs and expenses
Staff costs (12,837) (11,982) 7% (24,859) (24,112) 3%
Depreciation and amortisation (4,722) (4,485) 5% (9,186) (9,336) -2%
Hotel operating expenses (13,570) (13,502) 1% (27,693) (27,135) 2%
Total costs and expenses (31,129) (29,969) 4% (61,738) (60,583) 2%
Profit from operating activities 5,497 4,809 14% 14,105 12,224 15%
Interest expense (709) (555) 28% (1,393) (1,186) 17%
Interest income 1,115 1,170 -5% 1,990 2,336 -15%
Foreign exchange gain/(loss) 3 430 (8,568) n/m 3,252 (5,993) n/m
Share of results of associates 115 336 -66% 105 449 -77%
Profit/(loss) before tax 6,448 (2,808) n/m 18,059 7,830 131%
Income tax expense (1,776) (2,154) -18% (3,521) (4,535) -22%
Net profit/(loss) attributable to owners of the parent 4,672 (4,962) n/m 14,538 3,295 341%
2014-08-28 16:25 | Report Abuse
Just received prospectus, EGM 12 Sept-Hotel Grand Chancellor Pte Ltd was tendered for $48.89mil in 2007 and 328 room was constructed at a cost 459.23mil and hotel was opened in 2010..valued at $201mil on Sept 2012.Hotel Grand expected profit of $67.02mil after paying off $54mil in outstanding bank loans and the net proceeds of 4192mil will be placed in interest bearing bank' s term deposits to pursue groth opportunities and fund the co' s future business plan.NTA expected to increase from $1.43 to $1.55 and sale expected to complete by 15 Jan 2015
Coupled with the 600 rooms of 2 brand new hotels in front of Istana,hope one day maybe the closely knit family may sell off at a higher valuation.Ever hit a high of $2 plus slightly
2014-08-26 18:58 | Report Abuse
The volume is still small
only 69 lots...closed up 3.5
Ms Saw is buying again..15lots bought on monday 25 at $1.16 today most probably she buys to prop up higher
. Number of shares, units, rights, options, warrants, participatory interests and/or principal
amount/value of debentures or contracts acquired or disposed of by Director/CEO:
15000
6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp
duties):
$17,400.00
2014-08-25 17:34 | Report Abuse
This is a business trust..like to use your own $$$ thru rights issues to pay dpu..avoid not much prospect
2014-08-25 17:33 | Report Abuse
Good move last minute close unchanged 27.5 on eve b4 ex dividend...27-27.5 good chance can close above 30cts as directors not selling especially CEO Goh and the other directors
2014-08-22 09:46 | Report Abuse
After Peter Lim got the $$$ he doesn't care $$$ in his pocket or in his stable of co...I sold at 0.38 and warrants at $0.11 ..bro concentrate on Innovalue got dividends soon and 1 for 1 bonus likley next year ..good profits for 1 H 2014
2014-08-22 09:44 | Report Abuse
Ms Saw increase her bid from $1.16 to $1.165 today..bottom liao?
hotelgrand ( Date: 21-Aug-2014 23:19) Posted:
see G.P Battery..the directors bought..pushed up from low 55cts to current 79cts even though that was ex rights..GP Bat..hope that will apply to Auric Pacific too
Bottom liao..Auric CEO Ms Saw resumes buying 20 Aug 2014 bought7000@$1.16..counter thinly traded
1. Name of Listed Issuer:
AURIC PACIFIC GROUP LIMITED
2. Type of Listed Issuer:
✔ Company/Corporation
Registered/Recognised Business Trust
Real Estate Investment Trust
3. Name of Director/CEO:
SAW PHAIK HWA
4. Is the Director/CEO also a substantial shareholder/unitholder of the Listed Issuer?
Yes
✔ No
Is the Director/CEO notifying in respect of his interests in securities of, or made available by,
the Listed Issuer at the time of his appointment?
(Please proceed to complete Part II)
(Please proceed to complete Part III)
5.
Yes
✔ No
6. Date of notification to Listed Issuer:
20-Aug-2014
Part I - GeneralFORM 1/[ Version 2.0 ]/Effective Date [ 21 March 2014 ] Page 3 of 6
Part III - For an incumbent Director/CEO giving notice of an acquisition of, or
a change in his interest in, securities of or made available by the Listed Issuer
Transaction
1. Date of acquisition of or change in interest:
20-Aug-2014
saturn80 ( Date: 23-Jul-2014 17:14) Posted:
2014-08-21 23:37 | Report Abuse
Wow the directors are coverting their entitlements at such cheap prices $0.10-$0.15..will cross 30cts next week just b4 ex dividend?
20Aug Ong Tiak Beng 138000@$19542 i.e about $0.14 per share
Teo Soon Chye 138,000@$19542
Pung Tong Seng 513000@$68599 about $0.133 per share
CEO Goh Leng Tse 501000@$50,100 about $0.10 per shares
Price Target (Valuetronics): Valuetronics - Still undervalued even after factoring pessimistic scenario. Upgrade to BUY
2015-06-04 23:30 | Report Abuse
HSBC bought more shares on 29th May..ie CEO Tse Chong Hin bought again
579,600 shares were bought into HSBC Global Investment Funds on 29 May 2015. HSBC Investment Funds
(Luxembourg) S.A. (" HIFL" ) is appointed as the Management Company of the funds. HIFL thus has deemed
interest over the shares.
( Date: 02-Jun-2015 22:43) Posted:
Tse Chong Hin the CEO bought on 28may..good sign
568,200 shares were purchased on 28 May 2015 are held under the funds:
HSBC Global Investment Funds - Asia Ex Japan Equity Smaller Companies Fund [18,644,600 shares (4.9755%)]
HSBC Funds - HSBC Asia ex-Japan Smaller Companies Equity Fund [382,000 shares (0.10%)]
HSBC Global Asset Management (Hong Kong) Limited (" AMHK" ) is the discretionary fund manager and
manage the investment for the two funds.
AMHK thus have deemed interest over the shares