my micro pennies picks are:
1) JEP
- loss making discontinued Thailand subsidiary sold
- expanding operations and increase manufacturing capacity due to increased orders
- gave dividend of 0.001 last year and interim 0.001 this year
- based on half year results, turn profitable
- manufacturer of engine casing and landing gears of passenger aircrafts
2) ACMA
- Can sell Nano Particle Additives to save fuel consumption to 4000 TRANS-CAB taxis
- Can sell Nano Particle Additives to save fuel consumption to 16000 ComfortDelgro taxis
- Supply Nano Particle Additives to save fuel consumption for up to 500 SMRT buses over a period of 3 years
- Proposed Acquisition of 30% in LLC CC AVANGUARD 500 (AVG), principally engaged in engineering and engineering related construction in Russia, provide a profit guarantee to ACMA that the aggregate pretax
profits of AVG for the three financial years ending 31 March 2014, 2015 and 2016 will not be less than US$10.0 million
- treat the auxiliary engines of up to 50 APL container ships with nano particle additives for period of 5 years
3) SINGHAIYI
- based on half year results, turn profitable
- Tri-County Mall, bought for US$45M which is 77% discount to unaudited net book value, EBITDA for the 6-month period ended 30 June 2013: US$2.6M or 11.5% yield at 84% occupancy rate
- Vietnam Town, bought for US$33.05M, 115 out of 256 planned condominium units built, 64 units already sold, target to sell off unsold 51 built units within the next 2 years and use sales proceeds sufficient to fund the construction of remaining 141 units, target completion and sale of 141 units within the next 3 - 5 years, Based on average selling price of US$550 psf, estimated GDV of remaining 192 units is approx. US$105.6M
- Rights & Placement proceeds of S$226mil (US$178.54mil), after minus US$45M and US$33.05M, left US100M for future acquisition.
- Current projects will keep SingHaiyi busy until FY2017
1. Sunningdale Technology - high dividend yield,improving top n bottom lines, reasonably valued but will be under valuede if improving bottomline sustained, very activily managed in the latest financial year, sound credible management team ...
2. Valuetromics - excellent dividend yield, improving top n bottom line, positive management statement, no debt w cash of HK$396,245,000, low valuation
Top pick (turn around story)
1. Federal ... turnaround from a massive loss of S$30+ mil, low forward pe of 6 (forecast), trading close to 52 weeks low, likely to exit from SGX watchlist.
Vested ...
Last edit: 10 years 10 months ago by josephyeo. Reason: correct some spelling errors
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