Dukang Distillers

  • Guest
  • Topic Author
  • Visitor
  • Visitor
22 Aug 2012 04:20 #10468 by Guest
Dukang Distillers was created by Guest
Does anyone have any thought on Dukang? Price seems quite stable now

Please Log in or Create an account to join the conversation.

  • Drunk
  • Topic Author
  • Visitor
  • Visitor
22 Aug 2012 17:54 #10475 by Drunk
Replied by Drunk on topic Re:Dukang Distillers
Yes, it's stable at around 22-24 cents. I believe the market is waiting with bated breath for the fullyear results. Just see if they will give a dividend and start share buyback.

Please Log in or Create an account to join the conversation.

More
30 Aug 2012 16:27 #10636 by observer2
Replied by observer2 on topic Beware of Report
In its announcement to SGX, Dukang had conveniently omitted its 4Q results so as to make its performance looked sparkling. This glittering set of results was also reported in the Straits Times of 30 August 2012 and could well misled unsuspecting investors to the stock without being aware that all may not be well with the company. A closer look at the quarterly performance of the company shows that Dukang nett quarterly profit has been on a downtrend after 2Q. Below are the data –
2012 – Revenue/Nett Profits
1Q – RMB 242M/RMB 36.5M
2Q – RMB 540M/RMB 94.4M
3Q – RMB 590M/RMB 62.4M
4Q – RMB 454M/RMB 24.7M
FY 12 – RMB 1,826M/RMB 218M [+29.4%]
Potential investors should do their own due diligence before jumping into such a stock as the risk of a deterioration in its results cannot be ruled out, if economic and business condition in China do not improve and its management failed to arrest the decline in profitability.

Please Log in or Create an account to join the conversation.

  • Port
  • Topic Author
  • Visitor
  • Visitor
30 Aug 2012 16:45 #10637 by Port
Replied by Port on topic Re:Dukang Distillers
Observer2, you got it wrong. Info on the quarterly revenue and profit are made available by Dukang.

See page 15 and 22 , respectively, of the Powerpoint material uploaded to SGX website.

The URL is info.sgx.com/webcoranncatth.nsf/VwAttach...tion.pdf?openelement

 

Please Log in or Create an account to join the conversation.

  • Port
  • Topic Author
  • Visitor
  • Visitor
30 Aug 2012 16:51 #10638 by Port
Replied by Port on topic Re:Dukang Distillers
As for the downtrend since 2Q, yes, you are correct but... there is a reason for it -- SEASONALITY.

In a year, the sale of baijiu peaks prior to Chinese  New Year --and then goes down -- and rises again 

Please Log in or Create an account to join the conversation.

More
30 Aug 2012 18:05 #10641 by observer2
Replied by observer2 on topic Re:Dukang Distillers
Port – I based my facts on the “Full Year Results Financial Statement And Related Announcement” which would normally show the latest quarterly results together with the cumulative quarterly results. Companies that failed to incorporate the latest quarterly results for comparison purpose, especially if it is not good, may well have a motive for doing so.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.4200.010
Avi-Tech Electronics0.265-
Best World2.3800.120
Broadway Ind0.108-
China Sunsine0.465-
DISA0.002-0.001
Food Empire0.7450.005
Fortress Minerals0.395-0.005
Geo Energy Res0.320-
Golden Energy0.815-
GSS Energy0.047-
InnoTek0.515-
ISDN Holdings0.585-
ISOTeam0.0950.005
IX Biopharma0.120-0.003
Jiutian Chemical0.080-
KSH Holdings0.340-
Leader Env0.075-0.001
Medtecs Intl0.142-0.004
Meta Health0.022-
Nordic Group0.465-
Oxley Holdings0.141-0.003
REX International0.215-
Riverstone0.635-0.010
Sinostar PEC0.180-
Southern Alliance Mining0.600-0.005
Straco Corp.0.460-0.005
Sunpower Group0.3800.005
The Trendlines0.098-0.001
Totm Technologies0.103-0.001
UG Healthcare0.175-0.001
Uni-Asia Group0.9400.020
Wilmar Intl3.950-0.050
Yangzijiang Shipbldg1.240-0.050

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1078 guests and no members online