The expenses associated with maintaining SGX listing will somewhat drag down Cacola\'s net profit in FY08, eg H2 gross profit up 38% but profit before tax up only 23%. Also there is the effect of withholding tax rebate which if it is only for FY08, the FY09 NPAT will be affected by this higher base in FY08.
Cacola now not so hot. affected by property slowdown in China. (XFN-ASIA) - Singapore-listed Cacola Furniture International Ltd said business has dropped off since the end of the Olympic games and that may mean the company posts lower third quarter net profits. The maker of home and office furniture has been hit by a flurry of problems as the China property market weakened, export growth slackened and the company\'s retail store expansion slowed. The company also expects full year profits to be roughly flat, and that future business trends will depend on whether the Chinese government steps in and gives the property sector a helping hand. \"During the second half of the year, the property market slowed and it really affected some of the furniture business,\" said Richard Chan, the company\'s executive director. \"In fact, we saw business come down quite a bit since the Olympic games,\" he told XFN-Asia in an interview.
Found another gem. Yangzijiang, trading at near net cash levels. Business is doing quite well, expected to announce a decent set of interim results tomorrow.
Oceanus looks like a bargain at 11 cents. never expected it to become so cheap. Interesting to note from annual report that Yap Siew Khim, the CFO of Springboard-Harper, has 30+ million shares in Oceanus. Springboard - Harper is Dr Ng Cher Yew\'s own investment company. Dr Ng, of course, is the exec chairman of Oceanus.
Have anybody look at this smallish Company called Nippecraft? Business looks defensive and they are trading at steep discount to their NTA. Any comments?
NextInsight
a hub for serious investors
