Sinostar Pec
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Posts: 712
Thank you received: 42
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Posts: 712
Thank you received: 42
7 years 11 months ago #23476
by josephyeo
Major shareholder bought another 189000 shares at an average price of 14.2 cts on 29 dec 2016.
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Posts: 712
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7 years 11 months ago #23480
by josephyeo
Since my posting on 8 dec '16, the stock has gone up by 34.7%. ...
from 11.8 cts to 15.9 cts.
Am still holding.
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7 years 9 months ago #23610
by Garak
20 cents already. Wow. Joseph, kindly advise what price to sell.
Thanks!
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7 years 9 months ago #23612
by josephyeo
Sorry Garak ... its very difficult to advise people on when or at
what price to sell.
Myself .. am still holding n waiting for full results. Will decide at
that time.
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7 years 9 months ago #23620
by josephyeo
Sinostar Pec has just released an excellent set of results. Share w you some figures below -
1. Revenue (RMB x1000)
year' 16 - 1,559,881
year' 15 - 1,446,110
up - 113,771 // 7.9%
2. Net profit (RMB x1000)
year' 16 - 89,803
year' 15 - 40,735
up - 49,068 // 120%
3. Debt - zero
4. Cash - 494,570 (RMB x1000)
5. Nta - 0.96 (RMB x1000)
6. Dividend - 0.5 (Singapore cents)
Comments -
a) cash is 71.8% of its capitalization.
company has a cash horde of around S$98.9 mil and no debt. This is equal to
71.8% of its capitalization (S$137.6mil based on closing price of 12.5cts).
b) likely higher revenue for current year - 2017
revenue for year 2016 is inclusive of 5 months of new business from the logistics
and transportation business. Year 2017 or current will see a full contribution from
this sector. This means that revenue for current year will be much higher.
Just sharing ..
Quote below my earlier posting :
Find this company interesting, under-valued and neglected ... generally, outside the radar of most investors.
Below are some interesting datas about the company:
1. company has zero debt .. no debt.
2. company has a cash horde of S$95 mil
3. its captalised at S$76 mil based on current price of 11.8 cts
4. has been profitable in the last 9 quarters.
5. last financial year (2015) profit was S$8.1 mil
6. current year (2016) 9 month profit is S$14.3 mil. This is 76.5% higher than the whole of last year.
7. nta is 18.6 cts
8. p/e (price earning ratio) for 9 mths is 5.3. If current profit trend continue, the forward p/e would be less than 4
9. cash backing per share is 15.5 cts.
10. company declared a dividend of 0.5 cts per share
11. dividend yield is above 4%
12. recently major shareholder has been buying shares in the open market.
My view is .. this company is grossly under-valued. Its trading below its cash level, it has a dividend of above 4%,
major shareholder buying back shares, its trading below nta, has been profitable in the last 4 quarters, no debt,
management confident of ability to maintain outperformance.
Above for sharing only, not an encouragement to buy or sell. I am heavily vested.[/quote]
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