Companies likely to report improved results (2)

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11 Nov 2017 10:13 #24139 by josephyeo
josephyeo replied the topic: Companies likely to report improved results (2)
Chasen just released its result. Below is an update on its performance:

1Q' 17 (Apr to June2017) .. profit 8K

2Q' 17 (July to Sept ' 17) .... profit 55k

3Q' 17 (Oct to Dec ' 17) ...... profit 1.3 mil

4Q' 18 (Jan to Mar ' 18) ...... profit 1.2 mil

Full year (Apr' 17 to Mar ' 18) .. profit 2.6 mil


1Q' 18 (Apr to june' 18) .. profit 0.755 mil

2Q' 18 (July to Sept' 18) .. profit 0.951 mil

Half year ' 18 .. profit 1.7 mil.

This is a huge improvement over last year half year profit of 63k.

A quote from the management:

Quote

Barring unforeseen circumstances, the Group expects its

Specialist Relocation Business Segment especially its projects

in the PRC and USA to continue to contribute positively to the

Group results for the current financial year.

The Group also expects further growth in the cross-border traffic

across Southeast Asia. Recently secured projects by construction

related business in the Technical and Engineering Business Segment

are expected to commence by the end of the current financial year.

Unquote

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14 Nov 2017 14:14 #24145 by josephyeo
josephyeo replied the topic: Companies likely to report improved results (2)
On 16 Oct '17 I posted thgat the following companies are likely to report an improved set of results ... ISEC, Chasen, Excelpoint and Serial System. The results are out now and as "guessed" all show some improvements. See below:

1.ISEC (S$)
3Q'16 profit 1.7 mil
3Q'17 profit 2.2 mil
up 30%
9M'16 profit 5.0 mil
9M'17 profit 5.8 mil
up 17%

2. Chasen. (S$)
2Q'16 profit 56k
2Q'17 profit 951k
6M'16 profit 66k
6M'17 profit 1,706k

3. Excelpoint
3Q'16 profit 2.4 mil
3Q'17 profit 2.5 mil
9M'16 profit 4.5 mil
9M'17 profit 5.3 mil
up 17.5%

4. Serial System (US$)
3Q'16 profit 3.8 mil
3Q'17 profit 3.1 mil
down 18%
9M'16 profit 510k
9M'17 profit 9.2 mil
up 1,702%

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14 Nov 2017 15:15 #24147 by walterlim
walterlim replied the topic: Companies likely to report improved results (2)
thank you joseph and congrats on the accurate guesses. What about Sinostar Pec? Are you still vested

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14 Nov 2017 15:25 #24148 by josephyeo
josephyeo replied the topic: Companies likely to report improved results (2)
still vested but not in a big way.

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14 Nov 2017 15:41 #24149 by josephyeo
josephyeo replied the topic: Companies likely to report improved results (2)
More info on ISEC one of my top picks
Revenue:
4Q'16 ... 8.3 mil
1Q'17 ... 8.5 mil
2Q'17 ... 9.2 mil
3Q'17 ... 9.7 mil
Profit
4Q'16 ... 1.5 mil
1Q'17 ... 1.7 mil
2Q'17 ... 2.0 mil
3Q'17 ... 2.2 mil
Note: figures are rounded up

From above you can see a clear trending up in sales and net profit.
Currently, company has a cash horde of S$21.8 mil with no debt.

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