ShareJunction - Member Posts

Back

COE Open Bidding

APRIL 2010 1st Open Bidding Exercise has ended on 07/04/2010 16:00 hrs
Results are being finalised

Bidding status as at 07/04/2010 16:00 hrs

Category		Current COE Price ($)	Quota	Bids Received
A	CAR (1600CC & BELOW) & TAXI	34,001	705	1,379
B	CAR (ABOVE 1600CC)	45,501	571	858
C	GOODS VEHICLE & BUS	36,511	180	329
D	MOTORCYCLE	1,221	338	409
E	OPEN	49,000	372	856

Source: Land Transport Authority

Good Post Bad Post

07-Apr-2010 15:40

Others / COE Up Up Up - Car Price Up Up Up

Go to Message

x 0

COE Open Bidding

Bidding will end on 07/04/2010 16:00 hrs

Bidding status as at 07/04/2010 15:39:11.00 hrs

Category		Current COE Price ($)	Quota	Bids Received
A	CAR (1600CC & BELOW) & TAXI	27,819	705	1,144
B	CAR (ABOVE 1600CC)	41,000	571	779
C	GOODS VEHICLE & BUS	30,010	180	204
D	MOTORCYCLE	1	338	263
E	OPEN	42,806	372	668

Source: Land Transport Authority

Good Post Bad Post

07-Apr-2010 10:23

Genting Sing / Moving up above $1

Go to Message

x 0

10:20:52	0.920	2,000	Buy Up
10:17:26	0.915	1,065,000	Buy Up
10:17:23	0.915	3,000,000	Buy Up
10:16:46	0.915	3,075,000	Sell Down
10:16:37	0.915	240,000	Sell Down
10:16:36	0.915	200,000	Sell Down
10:15:50	0.915	100,000	Sell Down
10:15:16	0.915	80,000	Sell Down
10:15:15	0.915	300,000	Sell Down
10:12:38	0.915	3,000	Sell Down
10:12:29	0.920	63,000	Buy Up
10:12:04	0.920	2,000	Buy Up

Very fierce fighting over two FMs.... Cheong lar....

Good Post Bad Post

07-Apr-2010 09:26

YZJ Shipbldg SGD / CONTROLLED STOCK

Go to Message

x 0

x 1

This is a very strange counter.

When Cosco moving up from $1.28 to $1.34, this counter just managed to move from $1.20 to $1.23 but closed with $1.21

When Cosco moving up from $1.34 to $1.40, this counter is struggled at $1.23

Suspecting this counter is being controlled, must report to CAD.....

BEWARE

Good Post Bad Post

07-Apr-2010 09:21

Genting Sing / Moving up above $1

Go to Message

x 0

Radar detected this counter is going to move up above $1 again by this week or today.

In line with the STI moving towards 3000 Points.

Good Post Bad Post

05-Apr-2010 18:54

Ying Li Intl / Ying Li

Go to Message

x 0

So many placement, this company does not look good

1st placement in Aug 09

MISCELLANEOUS :: PRIVATE PLACEMENT OF 107,143,000 NEW ORDINARY SHARES (THE “PLACEMENT SHARES”) IN THE CAPITAL OF YING LI INTERNATIONAL REAL ESTATE LIMITED AT S$0.28 FOR EACH PLACEMENT SHARE - USE OF PROCEEDS

2nd placement in Nov 09

MISCELLANEOUS :: THE PROPOSED PLACEMENT OF 253,200,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT THE ISSUE PRICE OF S$0.61 FOR EACH PLACEMENT SHARE

BEWARE ....

Good Post Bad Post

05-Apr-2010 10:02

Sinotel Technolo Rg / breaking out

Go to Message

x 0

LAI LIAO

Good Post Bad Post

01-Apr-2010 20:04

Sinotel Technolo Rg / Sinotel dual list???

Go to Message

x 0

Looking out for the listing in HK or China.

Buy and keep, wait till announcement make, another jump of 20cents like Hengxin will make you bang veri hard.

Great potiential to go up then come down.

Good Post Bad Post

30-Mar-2010 16:46

Sinotel Technolo Rg / breaking out

Go to Message

x 0

SHOW TIME ................

Good Post Bad Post

30-Mar-2010 16:41

Sinotel Technolo Rg / breaking out

Go to Message

x 0

READY .....

STEADY.........

GO ...........

Good Post Bad Post

29-Mar-2010 15:19

Sinotel Technolo Rg / breaking out

Go to Message

x 0

DBS Vickers initiates coverage of SINOTEL (54 ct) with 88-cent target

Analyst: Sachin Mittal

Dominates in fast growing Shanxi province. Sinotel is currently the market leader in Shanxi which is experiencing fast growth in property developments. The Chinese government has been buying out smaller coalmines from private owners for consolidation. As such, there is much cash floating in the market. Property developers have rightly targeted the province, fueling the property boom.

Sinotel's management was in New York recently to meet fund managers. Photo courtesy of Sinotel

More buildings will mean a larger number of wireless network systems to be installed. With Sinotel holding a majority share of Shanxi’s market and its familiarity with the province, the company is likely to win more contracts in the next few years.

We expect Shanxi to contribute over two thirds of revenue in FY09F and FY10F. Deeper penetration versus broader coverage enables above industry operating margins. Sinotel has a presence in about 7 provinces, compared to other players, who have expanded the coverage to 20 plus provinces at the cost of margins. Besides Shanxi, Sinotel is mainly active in the neighbouring provinces of Henan and Jiangsu.

Sinotel’s strategy is to secure a strong foothold in a province, before venturing into a neighbouring province, in order to save on operating expenses. Sinotel’s operating margins of 29% are above the industry margins of 10-20%, thanks to lower opex as percentage of revenue.

• Impressive earnings CAGR of est. 9% over FY09F-11F.Sinotel should be able to achieve revenue growth of 25% CAGR over FY09F-11F but lower earnings growth of 9% CAGR as

(i) gross margins are expected to deteriorate from 40% in FY09F to 35% in FY11F and

(ii) 7.5% income tax commences in 2010F as the tax-exempt status expires in 2009.

		Year end	Market cap (US$m)	Price (30 Nov)	PE (09/10)	Price/ book	ROE
HK & US listed peers	Comba	Dec 08	1,196	8.72	21.3/20.3	4.2	12.4
	Powerwave	Dec 08	179	1.35	66.7/14.1	NA	NA
	China Grentech	Dec 08	92	3.84	12/8.3	0.4	-8.1
	Centron	Dec 08	196	2.17	8.7/6.9	1.3	11.8
Average					27.2/12.4

Singapore	SINOTEL	Dec 08	120	0.54	5.7/5.5	2.0	33

China listed peers	Wuhan Fingu	Dec 08	1,506	18.49	26.8/21.7	5.6	18.4
	Sunwave Comm	Dec 08	400	20.35	35.4/26.5	4.4	16.3
	Allwin Telecom	Dec 08	255	16.28	62.4/50.8	4.6	7.6
China peers’ average					41.5/33.0

Source: DBS Vickers, Bloomberg

HK and US listed peers trading at much higher valuation. Comba, China Grentech and Centron are Sinotel’s direct peers, although bigger in scale. Sinotel’s FY09F-11F earnings growth of 9% is similar to its peers despite higher revenue growth, as Sinotel would start incurring 7.5% income tax in 2010F, after its tax-exempt status expires in 2009F.

Compared to its peers we apply

(i) 15% discountdue to the lower market cap and liquidity of the stock

(ii) another 15% discount due to lack of equipment manufacturing business, putting stress on its cash flow.Overall, we apply 30% discount to its sector average of 12.7x FY10F PER. Based on 8.5x FY10F PER, our target price for Sinotel is S$0.88. We recommend BUY for potential upside of over 60%. The stock also looks cheap on FY09FP/B of 1.5x for ROE of 28.9%.

Good Post Bad Post

First < Newer 681-700 of 1277 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.

COE Open Bidding

Bidding status as at 07/04/2010 16:00 hrs

Source: Land Transport Authority

COE Open Bidding

Bidding status as at 07/04/2010 15:39:11.00 hrs

Source: Land Transport Authority

HK & US listed peers