World Precision Machinery

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13 years 2 weeks ago #5807 by Morpheus
Replied by Morpheus on topic Re:Bright World
DBS ALSO LOVES BRIGHT WORLD... SMALL AND MID CAP REPORT OUT THIS MORNING.
DBS issued a small-mid cap report this morning. Bright World was mentioned on page 4….
 
“…..We also believe there is a good chance stamping machine manufacturer, Bright World should report strong numbers, all thanks to multiple high value contract wins year-to-date and a sturdy orderbook of RMB280-300m at the end of FY10. Based on order fulfillment of between 6-8 months and expected sustainable margins, we forecast Bright World’s earnings would grow by 30-40% y-o-y to RMB38m in Q1. Based on our conservative assumption that 2H growth may taper off from a
superb 1H, Bright World is still projected to grow earnings by 25% in FY11, which is decent and better than the average growth of 20% for our universe of SMCs. We believe a continuous flow of high value contract wins could pave the way for more upside potential….”
 

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13 years 2 weeks ago #5808 by Morpheus
Replied by Morpheus on topic Re:Bright World
LEGION OF BROTHERS AT NEXTINSIGHT, LET ME LEAD YOU TO CHARGE TOWARDS
52-WEEK HIGH FOR THIS BABY.
 
THIS IS A S-CHIP BLUE CHIP IN THE MAKING AND I BELIEVE MORE FOREIGN HOUSES
WILL START TO INITIATE REPORTS ON THIS COMPANY.
 
POWER UP!!
 

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13 years 2 weeks ago #5819 by Joes
Replied by Joes on topic Re:Bright World - how now?
Historical PE is now abot 11X as the stock continued to rise today to 66.5 cents.

Current year PE is about 8X based on UOB 's forecast earnings of 42% rise in EPS.

Based on the 42% EPS rise , the current year PE is not expensive but neither is it dirt cheap.  How now, brown cow? Sell or buy?

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13 years 2 weeks ago #5823 by Joes
Replied by Joes on topic Re:Bright World
68 cents now! OMG

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13 years 1 week ago #5853 by Morpheus
Replied by Morpheus on topic Re:Bright World
68 cents is only the beginning.
I heard from the market that they are going to organize roadshows in Hong Kong and China.
These types of stocks traded at 15-20x in Hong Kong. You can see IMM and Sany Heavy Machinery for sample.
 
BRIGHT WORLD, BRIGHT WORLD... MAKE MY WORLD REALLY BRIGHT. THE TARGET PRICE IS SGD 1.00
 
 

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13 years 1 week ago #5854 by Morpheus
Replied by Morpheus on topic Re:Bright World
Super 1Q 2011 results.
Raw materials costs going up but the Company manages to increase their ASP for their machinery products.
This shows the Company has good bargaining power in their pricings.
 
IS THIS THE NEXT YANGZIJIANG SHIPBUILDING ???
 
 

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