Sinostar Pec

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26 Dec 2016 22:45 #23469 by josephyeo
josephyeo replied the topic: Sinostar Pec
For info, this is the 5th purchase for the month of december.

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31 Dec 2016 00:26 #23476 by josephyeo
josephyeo replied the topic: Sinostar Pec
Major shareholder bought another 189000 shares at an average price of 14.2 cts on 29 dec 2016.

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04 Jan 2017 23:21 #23480 by josephyeo
josephyeo replied the topic: Sinostar Pec
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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27 Feb 2017 13:00 #23610 by Garak
Garak replied the topic: Sinostar Pec
20 cents already. Wow. Joseph, kindly advise what price to sell.
Thanks!

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27 Feb 2017 15:38 #23612 by josephyeo
josephyeo replied the topic: Sinostar Pec
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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02 Mar 2017 01:58 #23620 by josephyeo
josephyeo replied the topic: Sinostar Pec
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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