In the first two weeks of November (or a few days earlier), some companies will report 3Q results which could answer key questions about their future:


DRsSecret17Best World's DR's Secret range of premium skincare products. Photo: CompanyBest World: Its transition from “export” model to “China franchise” model was completed in 2Q.

Under the new model, revenue is recognised when sales are achieved by its China subsidiary to its China franchisees.

After a fall in revenue/profit recognition in 1Q and 2Q, will the 3Q numbers reveal that the China market is a strong, or even stunning, growth driver for Best World?

Sunpower:  In 1H2018, the net profit (after minority interests) was RMB58.2 m.

The full-year 2018 consensus forecast is RMB248.4m (average of Lim & Tan's RMB250m + UOB's RMB246.8m). 

To meet that full-year forecast, the 3Q profit has to be really good.


ISDN: 1H profit jumped 113% to $10.1 million which already exceeds the full-year 2017 profit ($9.6 million).

ISDN profit2018FNotes: 1) 2018 profit forecast by Tayrona Financial.
2) FY16 includes one-off S$3.5 m HK IPO expenses
Will 3Q continue to show growth?

If so, it would suggest that ISDN is establishing its profitability at a new level while trading at bargain valuations.

It’s just 5X PE, based on Tayrona Financial’s profit forecast of $17.3 million for full year 2018.


AEM: Two positive developments in recent weeks:  Aberdeen Asset Management became a substantial shareholder and AEM announced that Huawei will become a customer in 2019.

Will AEM’s 3Q results announcement shed a more positive outlook than the 2Q one?

China Sunsine: Despite a record-breaking 2Q18 profit (RMB239 million, +222% y-o-y), the stock has weakened -- from an all-time high of $1.63 in the middle of June to about $1.00 recently. 

It trades at a trailing PE of about 4X.

Will its 3Q results re-establish investor bullishness?


Comments  

0 #1 Timothy Zhang 2018-10-31 19:54
This ISDN has been stagnant for a while, even when STI ramped up to 3600 it didnt budge from the ranging zone. With just a summon being issued, it fell below 20cts. That says a lot about how unwanted this stock is ..Daily volume is low. I guess even with good results this coming quarter, the share price will not budge. With no capital appreciation and poor dividends, who dare invests in this stock? Previous high was $1.3-$1.4. Will ISDN reach this lofty levels again? Doubt so. Their planned Hydro plants are not yet in operations and will take a few years more to complete. Not sure if they will complete all the Hydro deals they made. Only the boss knows.
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Share Prices

Counter NameLastChange
AEM Holdings0.995-
Alliance Mineral0.156-0.004
Anchor Resources0.0130.001
AusGroup0.0280.001
Avi-Tech Electronics0.2700.005
Best World Int.1.360-
China Sunsine1.1300.010
CSE Global0.470-0.005
Food Empire0.490-
Geo Energy0.155-0.001
Golden Energy0.2050.005
GSS Energy0.0780.003
HMI0.630-0.005
ISDN Holdings0.230-
KSH Holdings0.425-
Miyoshi0.0410.001
Moya Asia0.075-
Nordic Group0.290-
Oxley Holdings0.315-
REX International0.0680.001
Riverstone0.925-0.005
Roxy-Pacific0.390-
Sing Holdings0.3900.010
SingMedical0.380-0.005
Sino Grandness0.0440.002
Straco Corp.0.740-0.010
Sunningdale Tech1.3700.010
Sunpower Group0.470-
The Trendlines0.080-
Tiong Seng0.245-
Uni-Asia Group0.760-
XMH Holdings0.153-
Yangzijiang Shipbldg1.460-0.010

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