Chasen

More
07 Dec 2018 14:55 #24594 by josephyeo
Replied by josephyeo on topic Chasen
Hi Val, i am personally not too worried about this so long as the business is growing. I believe the management have some plans in mind to resolve this problem. Share with 2 extracts from an interview on 12 July. See below:

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."

Please Log in or Create an account to join the conversation.

More
14 Feb 2019 09:19 #24667 by Val
Replied by Val on topic Chasen
Steady profit every Q. Surprise (small) dividend, are they signalling something positive?

Please Log in or Create an account to join the conversation.

More
03 Apr 2019 15:23 #24708 by josephyeo
Replied by josephyeo on topic Chasen
A quote taken from page 3 of its 2018 annual report:

Chasen as a whole continues to make good progress and the current financial year is expected to be another watershed as each subsidiary successfully implement their strategic business plans approved by the Board last financial year.

As book orders continue to build up and projects executed across our three business segments, we hope to achieve another record in annual revenue in line with global economic growth opportunities. If the revenue targets for this
financial year are achieved, and barring unforeseen circumstances, the Group would be expected to be well on its way to achieve its target of $200 million in revenue by 2020 through the following strategies

Just sharing ... dyodd
The following user(s) said Thank You: Val

Please Log in or Create an account to join the conversation.

More
03 Apr 2019 19:25 - 03 Apr 2019 19:33 #24709 by Val
Replied by Val on topic Chasen
The stock price is 8+ cents, which is still far from 20 cents to get out of watchlist.

Chasen must have a minimum trading price of 20 cents for Mainboard companies. The deadline is June 2020.

infopub.sgx.com/FileOpen/Chasen%20-%20An...cement&FileID=456597

Will company opt to go to Catalist while growing its fundamentals (which is within its control) ?
Last edit: 03 Apr 2019 19:33 by Val.

Please Log in or Create an account to join the conversation.

More
12 Apr 2019 16:37 #24719 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 ...

Please Log in or Create an account to join the conversation.

More
25 May 2019 15:20 #24772 by Kapitan
Replied by Kapitan on topic Chasen
Josephy, do you think the trade war will lead to MNCs relocating out of China to Viet, etc, and this will create lots of biz for Chasen?

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings1.0700.010
Alliance Mineral0.157-0.002
Anchor Resources0.0130.001
AusGroup0.027-
Avi-Tech Electronics0.270-
Best World Int.1.360-
China Sunsine1.150-
CSE Global0.4900.005
Food Empire0.495-
Geo Energy0.154-0.001
Golden Energy0.205-
GSS Energy0.0810.001
HMI0.6300.015
ISDN Holdings0.235-
KSH Holdings0.4400.025
Miyoshi0.0460.001
Moya Asia0.0780.001
Nordic Group0.300-
Oxley Holdings0.320-0.005
REX International0.0720.001
Riverstone0.9300.005
Roxy-Pacific0.390-
Sing Holdings0.395-
SingMedical0.390-
Sino Grandness0.0470.002
Straco Corp.0.740-
Sunningdale Tech1.370-0.020
Sunpower Group0.4950.020
The Trendlines0.078-
Tiong Seng0.245-
Uni-Asia Group0.765-
XMH Holdings0.153-
Yangzijiang Shipbldg1.480-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 706 guests and no members online