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NextInsight :: SGX Stocks |
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Subject :Re:Fibrechem on the move!..
15-03-2009
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| Tony Adams |
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| Senior Boarder |
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Joined: 06-12-2008
Posts: 78
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Hope all the brothers in this thread are okay! |
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Subject :Re:Fibrechem on the move!..
22-02-2009
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| Gary Teh |
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| Gold Boarder |
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Joined: 11-02-2008
Posts: 172
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Fibrechem now at $0.17...any takers out-there?? Yes, no and why?
Discloure: Not vested...yet. |
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Subject :Re:Fibrechem on the move!..
29-11-2008
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| Morpheus |
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| Gold Boarder |
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Joined: 08-09-2008
Posts: 267
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such low PE. Might as well delist now. :laugh: :laugh: |
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Subject :Re:Fibrechem on the move!..
05-11-2008
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| Del |
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| Platinum Boarder |
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Joined: 31-07-2008
Posts: 621
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the trouble with these S-chips is that they defy expectations - usually on the downside!
:(
XFN-ASIA) - Kim Eng said it downgraded Fibrechem Technologies to
> \"hold\" from \"buy\" and reduced its target price to 0.29 sgd as the
> company\'s third quarter net profit fell below expectations.
> The polyester and nylon fiber producer said third quarter net
> profit fell 19 pct year-on-year to 120.6 mln hkd. Higher selling and
> operating costs weighed on net profit as the company set up new sales
> offices in major cities to market microfiber leather.
> \"Earnings risks have increased and we are trimming our revenue
> estimates by 5 to 16 pct and earnings estimates by 8 to 28 pct over
> the financial year 2008 to 2009.\"
> Kim Eng said the company is in a sufficiently strong financial
> position to survive the expected slowdown in manufacturing.
> Fibrechem was up 0.020 sgd or 8.0 pct at 0.270 sgd in early
> trade. |
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Subject :Re:Fibrechem on the move!..
12-08-2008
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| Del |
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| Platinum Boarder |
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Joined: 31-07-2008
Posts: 621
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AMFRASER SECURITIES 11 AUG:
We initiate coverage of Fibrechem Technologies Ltd
(Fibrechem) with a BUY on an EPS CAGR of 20%
from FY07 to FY10F and compelling valuations of 6x
and 4x FY08F and FY09F PE. Fair value is at
S$0.79/share based on 8x FY08F and 5.5x FY09F PE. [img size=427]http://www.nextinsight.com.sg/images/fbfiles/images/fibrechem-94189ba4066270f43e84efe8d90f0138.JPG[/img] |
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Last Edited On: 12-08-2008 By Del for the Reason |
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Subject :Re:Fibrechem on the move!..
06-08-2008
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| Del |
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| Platinum Boarder |
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Joined: 31-07-2008
Posts: 621
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Today\'s DBS Vickers report>:
Fibrechem is on track to meet our FY08F profit
given that 1H08 makes up 48% of our full year forecast. We
expect a stronger 2H, premised on contribution from new
fibre and leather capacity coming onstream in 4Q08. In fact,
the faster than expected ramp-up of its new 6m-meter
leather line, for which we did not assume any contribution
this year, may provide upside to our estimates. Maintain Buy
rating and target price at S$1.30, pegged to 12x FY08F PER.
------------------------------------------
At 61.5 cents, Fibrechem is trading at PE of 5.6X DBS Vickers\' forecast earnings for FY08, and 3.9X for FY09. |
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Last Edited On: 06-08-2008 By Del for the Reason |
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Subject :Re:Fibrechem on the move!..
05-08-2008
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| garl |
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| Platinum Boarder |
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Joined: 31-07-2008
Posts: 824
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CIMB-GK report this morning:
Fibrechem\'s 2Q08 net profit of HK$151m was ahead of our expectations and consensus but this was largely because of forex gains. Excluding forex, core earnings were in line.
2Q turnover grew 10% yoy, helped by 10k tpa of new long-fibre capacity.
2Q gross margins finally recovered qoq, after two
quarters of pressure, likely driven by
microfibre. The key surprise in 2Q was HK$34m worth of forex gains but the impact was dulled by one-off costs and higher
taxes. We maintain our earnings estimates and
DCF-based target price of
[u][b]S$1.54.[/b][/u] We see catalysts for the stock from 1Q09 onwards when new products
come on-stream. Maintain Outperform. |
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Subject :Re:Fibrechem on the move!..
05-08-2008
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| garl |
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| Platinum Boarder |
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Joined: 31-07-2008
Posts: 824
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just announced: FibreChem’s FY2008 First Half Net Profit Grew
13.9% to HK$285.3 million
• Revenue for 6 months ended 30 June 2008 (“1H08â€) climbed 18.8% yearon-
year to HK$997.0 million.
• Gross profit margin for 1H08 came off by a moderate 1% year-on-year
due to slight downward pressure on average selling prices of fibre
products.
• Contributions from new fibre capacity and foreign exchange gains from
the RMB appreciation help boost net profits to HK$285.3 million.
NAV is : HK$2.97 or about S$0.60, very close to stock price of 64 cents.
Downside limited, upside quite good, IMHO |
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Last Edited On: 05-08-2008 By garl for the Reason |
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Subject :Re:Fibrechem on the move!..
02-08-2008
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| garl |
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| Platinum Boarder |
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Joined: 31-07-2008
Posts: 824
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yes, fund buying today... probably ahead of expected good results? [img size=320]http://www.nextinsight.com.sg/images/fbfiles/images/fibrechem.JPG[/img] |
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Subject :Fibrechem on the move!..
01-08-2008
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| garl |
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| Platinum Boarder |
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Joined: 31-07-2008
Posts: 824
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Fibrechem is up 2 cents. Now at [u]64.5 [/u]cents, on volume of over 800,000 shares.
Quite a strong volume in just 18 minutes of trading today.
DBS Vickers report recently :
We believe that FBCM would continue to perform well in
2Q08 given that demand remains robust and the raw
material prices, in particular nylon and PET chips, were
relatively stable in 1Q08.
Looking into 2H08, key risks lie in broad macro factors,
such as slowing US demand and Chinese tightening policy.
However, the export-oriented Chinese textile industry is
moving towards R&D driven players that are able to
produce differentiated and higher value-add products.
Current unfavorable operating environment amidst high oil
prices, strengthening RMB and US economy woes could
result in some industry shake-up and benefit competitive
players like FBCM in the longer term.
Relevance: We still like FBCM for its innovative product
development and ability to move up the value chain.
Maintain Buy recommendation and our target price at
[b][u]S$1.30,[/u][/b] pegged at 12x FY08 PER. |
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Last Edited On: 01-08-2008 By garl for the Reason |
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