Chasen

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12 Jul 2018 10:47 #24423 by hh488
Replied by hh488 on topic Chasen
Hi Bro Joseph,

To get around this MPT, then Chasen likely to consolidate its shares. This isn't good for small investors like us. Didn't they had this consolidation exercise before?

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12 Jul 2018 11:36 #24424 by josephyeo
Replied by josephyeo on topic Chasen
There are a few possibilities:

1. consolidate its share
2. if market cap reaches $40 mil. (no need to consolidate)
3. move back to catalist (no need to consolidate)

To reach S$40 mil cap ... the share price will have to be at above 10.7 cts -
10.7cts X 374,593,000 shares = S$40,081,451. The 52 weeks high was 10.6 cts and the 2 year high was 14.3 cts. Given the much improved results, a higher dividend, low valuation w a p/e of less than 5 X and bullish management comments, the probability of the share price appreciating could be quite high. If this is the case, the company need not have to consolidate its share.

Pls note that i could be wrong in my assessment.

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12 Jul 2018 13:35 #24425 by josephyeo
Replied by josephyeo on topic Chasen
Share w you my post on ShareJunction.

5 things i like about the company:

1. low valuation w a p/e of below 5 X
2. improved dividend of S$0.003, giving a yield of around 4.2%
3. bullish management comments
4. trading far below its nta of 18.7 cts
5.the investments in new areas in the last few years are showing positive results ... cross border logistics, USA relocations business etc

Above are just my views/observations n i could be wrong. pls dyodd

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13 Jul 2018 13:41 #24428 by josephyeo
Replied by josephyeo on topic Chasen
Interesting article on Chasen in the Business Times on 12 July 2018 -

Chasen eyes opportunity in shifting manufacturing hubs

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16 Jul 2018 18:09 - 16 Jul 2018 18:11 #24430 by josephyeo
Replied by josephyeo on topic Chasen
Chasen

revenue
fy'16 - 93511
fy'17 - 106170
fy'18 - 127916

net profit
fy'16 - (-1.469)
fy'17 - 2.596
fy'18 - 5.486

dividend
fy'17 - S$0.001
fy'18 - S$0.003

Above are some figures on the financial results of Chasen in the past 3 years.
As can be seen the revenue, profit and dividends have been growing. Given the
bullish management comments and the positive investment make in the last few
years, it is likely that 2019 will be another outstanding year for Chasen.

Above is just my view n i could be wrong.

Just sharing ... not a call to buy or sell.

Am vested.
Last edit: 16 Jul 2018 18:11 by josephyeo. Reason: spacing

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26 Jul 2018 00:05 #24435 by josephyeo
Replied by josephyeo on topic Chasen
Below are 2 extracts from an article on Chasen as appeared in the Business Times 12 July:

Extract 1
Also on Chasen' s plans are potential spin-offs of its subsidiaries, which it believes will be able to unlock their value, as the sum of its parts is currently worth more than the whole, non-executive chairman Eric Ng told media and analysts in a Wednesday briefing.

Extract 2
Asked if it is pursuing these strategies to lift its six-month volume-weighted average stock price to at least 20 Singapore cents - one of the requirements before it can exit the watch list, Mr Ng said the company also has other ways to boost its value, either by finding investors for its subsidiaries, or listing them.

" We are probably looking at both ways. This year, we will focus on this and probably you can look forward to some announcements. We have three potential subsidiaries to do this with - two in China and one in Malaysia. We are looking at the Hong Kong Stock Exchange Gem board."

Just sharing ...

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