Sapphire Corp

Guest
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11 years 10 months ago #9594 by Guest

Replied by Guest on topic Re:Re:Sapphire Corp

I am looking into china vtm lately. It had fallen a lot recently and is unjustified...... it PE is about 3.5, dividend is 5-6% with gross marigin more than 50%. It is well managed and most if not all analyst reports is a buy call...... Do take a look......iron ore prices is falling but not so much where china vtm businesses are which is in Sichuan which grow at a pace twice the gdp of china...... But China vtm still maintain a high marigin....imagine when iron ore price is up.......

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Theodore
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11 years 7 months ago #10808 by Theodore

Replied by Theodore on topic Re:Sapphire Corp

Reuters reported on Friday: "Prices of shares and steel futures contracts jumped on the plans to build highways, ports and airport runways, which are among the most ambitious unveiled in China this year."

Will Sapphire Corp benefit too from the infrastructure projects in China? I believe so, based on a business description that "ots subsidiaries manufacture steel and vanadium products, mainly hot rolled coil (HRC), & vanadium pentoxide (V2O5)."

Who can confirm this?

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Ip
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11 years 5 months ago #11941 by Ip

Replied by Ip on topic Re:Sapphire Corp

Sapphire owns 9.2% of China VTM listed in HK > China VTM now is the subject of a privatisation > What is the impact on Sapphire? Positive...how positive?

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Guest
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11 years 5 months ago #12213 by Guest

Replied by Guest on topic Re:Re:Sapphire Corp

I do not think that they are able to privatise china vtm at HK$1.72 since some acquire the stocks at much higher price. Well managed company but depend on price on iron ore.....which if you think the leader transition next year march is going to announce more measures to boost economy, china vtm share price will be worth much more....

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Theo
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11 years 4 months ago #12305 by Theo

Replied by Theo on topic Re:Sapphire Corp

Sapphire is a play on the Chinese steel sector. I think in recent mths there has been a sharp rebound in prices but Sapphire didn't move. It's dead on the water because it is not a major stock.

Chinaâs steel industry PMI has showed a small contraction in November to 49.2 (from 52.7 in October).

Inventories are low and analysts are slowly upgrading the sector. Anyone lookng for an attractive re-entry opportunity @ current 11.1 cts?

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Rich
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Elite Member

9 years 9 months ago #20361 by Rich

Replied by Rich on topic Sapphire Corp

Most unusual letter from new CEO : infopub.sgx.com/FileOpen/LettertoShareho...cement&FileID=305108

This may be a sign of great promise for the future of Sapphire!

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