Hu An Cable

Hu An is doing 12.55 TWD in Taiwan, equiv to 44 SGD cents now.

Huge premium of 52% over SGD price. Anyone applied to 2nd TDR programme? It is a good exit price compared to selling in SG.... unless u want to hold to Hu An for the long haul

OMG only 14% of tendered shares for TDR prog will be sold on Taiwan market.
Everybody trying to get out thru the door but only 14% can go thru!

In Taiwan, it's been going down .... 12.25 TWD.
In SG, it's been creeping up... now 30.5 cents.

Why? My guess is TWD side know there is a load of shares to be sold to investors there under 2nd TDR prog.

In SG? Less supply in the market now...

HU AN CABLE: Why it's one of only 3 stocks SEAVI Invested in this year



I remember this story & was impressed by the conviction of SEAVI guy.

Does anyone know if the fund has sold out of Hu An? I would be surprised if it has because it was supposed to take a long-term view. Unfortunately, as we all know, Hu An stock has done poorly. The financial performance has been weak too. So is this a stock that can pick up in the future? The cable industry should continue to do well and the renewable energy sector is handing Hu An Cable lots of contracts of late. But …. Stock price cannot perform leh. So how?
 

What happen to Hu An Cable?
It went down 20% to 13.6 cents! Marriage deal?? But the volume is low, and the buy and sale orders too fragmented??
TDR just down by 2%.
Even if TDR is off, and that its Q3 is lousy, it should not be that bad isn't it??
Anyone knows??
 

Hi Greenrookie - The share dropped another 12% as I write. Didn't they get their share buy-back mandate approved in their EGM last week? As for TDR , don't think it has any significant correlation as they can't be transferred to SGX or vice versa.