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| 08-Dec-2009 11:03 |
China XLX Fert
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China xlx climbing
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CHINA XLX FERTILISER TO START TRADING TOMORROW ON HONG KONG STOCK EXCHANGE China XLX Fertiliser (1866.HK; CXLX.SG) says its shares on the Hong Kong Stock Exchange (HKEx) module move trading tomorrow at 9:30 a.m. topical instance in commission lots of 1,000 each. The approaching toll China XLX Fertiliser on the SGX was 51 cents (HK$2.836) terminal Friday. http://www.ictmag.info/politics/china-xlx-fertiliser-to-start-trading-tomorrow-on-hong-kong-stock-exchange/ Current at Hk $ 6.90 ==> S$ 1.23 |
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| 08-Dec-2009 10:49 |
China XLX Fert
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China xlx climbing
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CHINA XLX Hong kong trade at HK$ 8.00 -7.20 ==> S$ about S$ 1.30 http://finance.cn.yahoo.com/q?s=1866.hk |
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| 02-Dec-2009 10:51 |
Sinotel Technolo Rg
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LATEST NEWS
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what sinotel move up today http://www.nextinsight.net/content/view/1751/60/ 8TELECOM: Making minority shareholders happy Telecom is a small cap – and a S-chip! - that is enjoying the 3G boom in China, and has made a number of happy moves for minority shareholders this year. It has surprised them with two dividend payouts – for half-year and Q3 this year – of 1.185 Singapore cents each time. It didn’t have dividend payouts for those reporting periods last year. The dividend yield has been fabulous this year. At 2.37 cents a share for the two dividends in aggregate, the yield was 23.7% for investors who bought the stock at 10 cents. It is now hovering at 15 cents. That yield doesn't take into account that in May this year, prior to the release of its half-year results, the company had paid out the final dividend of 0.111 cent per share for the financial year ended 31 December 2008. The Group’s revenue from continuing operations rose 25.8% to RMB92.7 million in 3Q2009 from RMB73.7 million in 3Q2008, underlining the steady growth of its core businesses as China’s telecom operators continue to invest heavily in expanding their 3G network coverage across the country. The Group’s net profit from continuing operations surged 279.9% y-o-y to RMB8.2 million in 3Q2009 compared to RMB2.1 million in 3Q2008.
Total consideration for the property, which has a total gross floor area of 47,000 sqm, was RMB60.3 million Revenue and cost from the sale of the office units will be recognised during the last quarter of 2009 upon the transfer of these units to the buyers. The Group expects progressive sales from this project over the rest of FY2009. Minority shareholders would have been delighted when on Oct 16, 8 Telecom started its share buyback programme following the shareholder approval of the buyback mandate in April 09. 60.11 RMB cents (about 12 Singapore cents). Based on its 9 months of earnings totaling RMB22.5 million and 478.9 million shares outstanding, the EPS is 47.2 RMB cents
Its first purchase involved 1,036,000 shares at 15 cents apiece. Its CEO, Ye Tianyun, had been buying shares of the company in the earlier part of the year. The stock price has held steady at around 15 cents in recent months, which is above the Net Asset Value of RMB 60.3 m property development sale Consecutively, cash and cash equivalents rose to RMB141.6 million from RMB23.5 milliona year ago. Adding to the positive underlying business fundamentals, on Sept 30, the Group announced it had completed the sale of 5,363.7sqm of office space in its property development, Linping Times Square. |
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| 30-Oct-2009 21:05 |
Sinotel Technolo Rg
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LATEST NEWS
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SINOTEL TECHNOLOGIES LTD. NEWS RELEASE BANK OF NEW YORK MELLON ISSUES SINOTEL’S FIRST ADR AND TICKER SNOXY WAS CREATED Singapore, 30 October, 2009 – Sinotel Technologies Ltd. (“Sinotel” or the “Company”), an innovator in the provision of wireless telecommunications infrastructure and solutions in the People's Republic of China, is pleased to announce that the Bank of New York Mellon (the “Bank”) has issued the first American Depositary Receipt (“ADR”) for Sinotel with the request from a private investor in the United States of America (“US”) to convert his Sinotel ordinary shares into ADRs. The US investor had acquired ordinary shares from the Singapore Stock Exchange (“SGX”) on 21 October, 2009, Eastern Time, and deposited it with the Bank on 23 October, 2009 to convert them into ADRs. Hence, the first ADR was issued on 30 October, 2009 and subsequently reported to the Financial Industry Regulatory Authority (FINRA) for the creation of a US Ticker. The Company’s Ticker, now officially listed as SNOXY will be used for the trading of the Company’s ADRs in the US. Mr Li Zhen Yu, CEO of Sinotel said, “After several months of hard work, this maiden transaction finally marks the successful quoting of our ADRs in the US. We are pleased to participate on this level with US investors and look forward to expanding our investor base in the US.” http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3A3FD55E1CD510E24825765F001A2662/$file/ADR1stTransaction.pdf?openelement | ||||||||||||||||||||||||
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| 28-Oct-2009 10:09 |
Sinotel Technolo Rg
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LATEST NEWS
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SINOTEL: What AmFraser, SIAS, Westcomb now say AmFraser Securities maintains 93-cent fair value (yesterday's closing price: 61.5 cts) Westcomb Securities raises target price to 92 cents, highlights impending trading of ADRs Analyst – Lee Kai Chian: The first day trading just around the corner: Since the first announcement about the proposed establishment of American Depository Receipt (“ADR”) made in August, much of the preparatory work has been done and the day of official trading of Sinotel’s ADR draws near. Sinotel has appointed The Bank of New York Mellon (“BNY Mellon”) as the company’s depository bank which is tasked to issue Sinotel’s ADR, each represents 20 ordinary shares and trades on the over-the-counter (“OTC”). The application for the ADR program has been approved by US Securities and Exchange Commission (“SEC”) and effected on 14 Sep 2009. Although the exact timeline can not be ascertained, the official date oftrading should be just around the corner, probably in just 1-2 weeks time. The following link is OTC Company Search which can be used to track the Sinotel’s ADR price to spot any arbitrage opportunity.http://www.pinksheets.com/pink/companysearch/index.jsp We continue to adopt relative earnings-multiple as the core methodology to derive the target price of the company. The establishment of ADR in US would make the comparison with Nasdaq-listed peers such as Telestone and Grentech more relevant. We feel Sinotel should be trading at 10x PER on the heels of the potential robust growth and favorable macro outlook in China, particularly for the telecommunication industry. As such, we derive a target price of S$0.92. SIAS Research initiates coverage with 76-cent target price http://www.nextinsight.com.sg/content/view/1629/60/ |
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| 28-Oct-2009 10:04 |
Sinotel Technolo Rg
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LATEST NEWS
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AmFraser Securities Pte Ltd Sinotel Technologies Ltd Plant Visit to Shanxi Job-Site & Beijing Office Recommendation BUY Fair Value (SGD) 0.93 We visited Shanxi job-site and Beijing office for update. Shanxi is Sinotel’s home province before they moved their corporate office to Beijing. Over the years, they have established a strong sales network and links with the local branches of the 3 telcos. They are also presumably close to the developers and building management companies. • Seeing more requests for 3G projects. Since the issuing of 3G license in Jan 2009, competition among the 3 telcos for 3G supremacy has been heating up. Currently, China Unicom appears to be slightly ahead with a deal with Apple to provide the popular iPhone. While the telcos battle with sleek marketing and promotion, they are fully aware that backend support like signal coverage is important. Hence, it does not surprise us that Management is reporting more urgent requests from the telcos for the installation of 3G wireless systems. • Capacity and Management constraints. While demand for their services has increased, the Company is somewhat constrained by funds and supervisory capability to undertake every single project that comes their way. The issue of funding is a perennial one: the industry practice leads to inventory and AR turnover of more than 180 days each, so new funds need to be secured to take on more projects (refer to exhibit 1 for graphical illustration of contract bidding and fulfilment timeline). The placement announced on 7 Sep raising S$13.58m will resolve this constraint slightly. On expansion, the Company has stated their intention to focus their manpower and management control on the existing 8 provinces they have established foothold in rather than rush to expand into other provinces. • Property construction continues unabated. On our various field trips to different parts of China this year, we see construction work largely continuing despite the global financial crisis. Anecdotal evidence from locals confirm this. Projects for new buildings under construction are most lucrative for Sinotel with both 2G and 3G installation for all 3 telcos up for grabs. The Company’s good relationship with local developers increases their success rate in securing the entire job for all 3 telcos from designing the positioning to installing the boosters and equipment. The building that we visited in Shanxi is a case-in-point. • Appointment of ADR Depository Bank. The Company has officially appointed Bank of New York Mellon as their ADR depository bank. Each ADR will be traded on the OTC market and represents 20 Sinotel shares trading on the SGX. There is no issuance of new shares at this juncture, i.e. when U.S. investors purchase the ADR, Bank of NY will buy the shares trading on the SGX to maintain their own inventory. We expect demand for the ADRs to be good when trading starts as Sinotel is trading at a lower valuation than their peers listed in U.S. Winston Peak, MSc winstonpeak@amfraser.com.sg +65 6236 2389 Sinotel STI MICA (P) 248/07/2008 Share Price relative to STI (1-Year) Our Recommendation Fair Value (SGD) 0.93 Last close price (SGD) 0.60 Holding period 12 mth Company & Stock Data Market cap (SGD Mil) 184.8 12-mth trailing P/E 7.0 Price-to-book 1.84 12-mth Dividend yield - 52-wk high 0.74 52-wk low 0.07 30D average volume 26.7mil 30D average value 17.1mil Free float 64.3% Beta 1.08 2007 2008 2009F 2010F 2011F Revenue 266,475 362,083 473,501 606,980 726,219 EBITDA 94,157 113,549 145,426 175,179 195,037 Net Profit 85,383 107,358 134,455 150,631 170,578 Rev Growth - 35.9% 30.8% 28.2% 19.6% Net Profit Growth - 25.7% 25.2% 12.0% 13.2% EPS (RMB cts) 38.88 38.34 43.65 48.91 55.38 EBITDA Margin 35.3% 31.4% 30.7% 28.9% 26.9% We maintain fair value at 93 SG cents and reiterate BUY. The site visit and Management interview strengthened our belief that Sinotel is in a sweet spot amidst a booming industry. As new competitors continue to face barriers-to-entry due to a lack of track record, the approximately 30 existing players will continue to face a ‘happy’ problem of having more projects that they can handle for the next 1 - 2 years. However, since the Company will be announcing their FY2009 Q3 interim results soon, we shall await further visibility before making adjustments to our model and http://www.remisiers.org/research//UPDATE%20-%20091026%20-%20Sinotel%20-%20Plant%20Visit%20to%20Shanxi%20job%20site.pdf |
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| 24-Sep-2009 13:01 |
Citic Envirotech
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United Envirotech
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http://www.dgmarket.com/tenders/np-notice.do~4366573 result of the project
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| 07-Sep-2009 22:16 |
Longcheer
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China 3G licence
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EPURE, SINOTEL, LONGCHEER: What analysts now say..... http://www.nextinsight.com.sg/content/view/1497/60/
DMG raises target price of Epure to 71 cents Analysts - Selena Leong & Terence Wong: Epure’s 2Q09 results were in-line with our estimates, with earnings rising by 28%. With RMB900m worth of contracts currently under negotiation, our confidence in its ability to secure more future projects and grow its order books is reaffirmed. Maintain BUY, with revised fair value of S$0.75 (S$0.51 previously). With the positive industry outlook, we are expecting continued growth in revenue from Epure’s project wins. Applying a P/E of 14x (in line with its peers) to Epure’s FY10 earnings, we derive a new target price of S$0.75 (S$0.51 previously). AMFRASER reduces target price of Sinotel to 93 cents (from $1.04) Analyst – Winston Peak: Sinotel announced on 4 Sept that they will place up to 28m new shares at S$0.5052 per share to institutional investors. Management has expressed optimism that the new funds can be swiftly employed to secure more projects. As we have mentioned in our initiation report dated 31 Aug 09, demand in PRC for wireless infrastructure installation in buildings andother establishments is building up exponentially due to the 3G licenses issued to the 3 telcos early this year. We continue to be bullish about Sinotel’s prospects amid the booming industry that they are in. However, we are mindful that any new contracts secured as a result of the new funds would mostly start to contribute in FY10 as well as the risk of further dilution. In view of the above, we have adjusted our revenue projection and risk premium accordingly. Our earnings model gives us a Fair Value of 93 SG cents which is 50% higher than the last traded price of 62 SG cents. Overall, we still believe the shares merit a BUY recommendation. DMG maintains ‘buy’ rating on Longcheer Analyst – James Lim:expectations of RMB534.6m and RMB38.0m, respectively. Key positives going forward include:- (i) Strong net cash position of 28 S¢ per share; (ii) The growing 3G market in China; (iii) Strong cash flow generating attributes; (iv) 1QFY10F top and bottomline to see at least sequential growth of 42% and 27% respectively. Valuation/Recommendation: Maintain BUY with target price of S$0.865 (from S$0.57 previously) based on 7.6x FY10 P/E. 4QFY09 revenue of RMB634.6m and net earnings of RMB38.3m in line with |
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| 05-Sep-2009 20:56 |
Longcheer
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China 3G licence
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龙旗控股（Longcheer） （2009-09-05）
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| 04-Sep-2009 15:19 |
Longcheer
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China 3G licence
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to nigh US Economic Release Date Event Period Actual data Surveyed data Prior data 28-Aug Personal Income JUL 0.00% 0.10% -1.30% 28-Aug Personal Spending JUL 0.20% 0.20% 0.40% 28-Aug U. of Michigan Confidence AUG F 65.7 64.3 63.2 31-Aug Chicago Purchasing Manager AUG 50 48 43.4 1-Sep ISM Manufacturing AUG 52.9 50.5 48.9 2-Sep Factory Orders JUL 1.30% 2.20% 0.40% 3-Sep Initial Jobless Claims 30-Aug 570K 564K 570K 3-Sep ISM Non-Manf. Composite AUG 48.4 48 46.4 4-Sep Change in Nonfarm Payrolls AUG - - -230K -247K 4-Sep Unemployment Rate AUG - - 9.50% 9.40% | ||||||||||||||||||||||||
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| 04-Sep-2009 15:16 |
Longcheer
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China 3G licence
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DMG & Partners Research 4QFY09 Results Review Leveraging on the 3G theme Results inline with forecasts; Maintain BUY. provider Longcheer reported 4QFY09 results that were inline with our expectations. We continue to expect Longcheer to be able to leverage on the 3G theme – BUY recommendation is therefore maintained while target price is
http://www.remisiers.org/research//04Sep09-Longcheer%20buy%20dmg.pdf |
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| 04-Sep-2009 12:07 |
Longcheer
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China 3G licence
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Longcheer climbs to 22-month high after DMG lifts target price $0.86
Longcheer Holdings climbed to its highest level in 22 months after DMG & Partners Securities Pte raised its share-price estimate by 55%, saying the mobile-phone maker is benefiting from rising demand in China.
The stock advanced 7% to 61 cents as of 10:42 a.m., poised for its highest close since Nov 9, 2007. Longcheer has risen 131% this year, beating the Straits Times Index’s 48% gain. DMG raised its share-price estimate for Longcheer to 86.5 cents from 56 cents and maintained its “buy” rating, saying the company will benefit from the rapid expansion of 3G mobile networks in China. The brokerage expects Longcheer’s profit will rise to 198.3 million yuan ($41.8 million) in the year ending June 2010, compared with 145.9 million yuan a year ago. |
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| 03-Sep-2009 22:21 |
Sinotel Technolo Rg
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Sinotel IPO
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Sinotel Listing is US ? HC International is a focused and dedicated organization that acts as a premier informational resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. We help our client companies package their corporate information in a clear, concise and consistent manner while facilitating introductions to the right investors at the most opportune time. Investor Relations For Foreign Based U.S. Listed Companies Sinotel will host meetings throughout the New York area September 8-11th. To request a meeting with the Company, please contact Mr. John Mattio of HC International JOHN T. MATTIO - SENIOR VICE PRESIDENT:  John Mattio joined us in 2008. John is a career internationalist having worked and traveled to more than 100 countries his 15-year career in international business, trade and finance. For 10 years, he represented the international sales, marketing and distribution interests of mid and large cap multinational US firms in the Industrial, Food service, Hardware& Lawn and Garden and Automotive industries. In doing so, he aided the development of profitable global networks of direct sales and retail channels with offices throughout the world for noted brands such as Hamilton Beach, Turtle Wax, Hunter Fan and MTD Products. John has also worked for global logistics and trade companies based in the US and Switzerland. His unique experience and in depth understanding of local business and management platforms provides HCI the experience to qualify the operational and management team expertise essential to producing returns for investors. Moreover, his international communication skills are instrumental in presenting our clients marketing position and company strength in its sector. Fluent in four languages, John is a cum laud graduate of the American University's School of International Service, Washington DC and also holds a Master's degree in International and Intercultural Management from the School for International Training in Vermont, USA.CONTACT INFORMATION: Phone: 914-669-5340 or 914-669-5481 Email:  http://www.hcinternational.net/clients_list.asp http://www.hcinternational.net/D3W.asp |
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| 03-Sep-2009 21:43 |
Sinotel Technolo Rg
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Sinotel IPO
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http://www.tmcnet.com/usubmit/2009/09/02/4351634.htm http://www.tmcnet.com/usubmit/-sinotel-technologies-ltd-present-the-rodman-renshaw-annual-/2009/09/02/4351634.htm Sinotel Technologies, Ltd. to Present at the Rodman & Renshaw Annual Global Investment Conference on September 11th at 8:45am ET |
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| 03-Sep-2009 21:39 |
Sinotel Technolo Rg
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Sinotel IPO
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Sinotel Technologies, Ltd. to Present at the Rodman & Renshaw Annual Global Investment Conference on September 11th at 8:45am ET BEIJING, Sept. 2 /PRNewswire-Asia/ -- Sinotel Technologies, Ltd. (Singapore Exchange: D3W) ("Sinotel" or "the Company"), an installer of wireless telecommunications infrastructure and related technologies, today announced that it will present at the Rodman & Renshaw Annual Global Investment Conference, to be held September 9-11, 2009, at the New York Palace Hotel in New York City. Ms. Fui Chu Lo, Chief Financial Officer, and Mr. Ben Ng, VP of Corporate Communications are scheduled to present at 8:45am ET on Friday, September 11th, 2009 and are available to host one-on-one meetings with conference attendees throughout the three-day event. Ms. Lo and Mr. Ng will discuss their products and services to meet the demand of China's rapidly-expanding 3G network, backlog of contracts, the Company's recent financial results, and Sinotel's long-term growth plans. Conference registration is mandatory. For more information on the conference, contact your Rodman & Renshaw representative or to register please visit http://www.rodmanandrenshaw.com . Sinotel will host meetings throughout the New York area September 8-11th. To request a meeting with the Company, please contact Mr. John Mattio of HC International at (914) 669-5340 or by email at john.mattio@hcinternational.net. |
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| 31-Aug-2009 21:41 |
Sinotel Technolo Rg
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Sinotel IPO
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http://www.remisiers.org/research//090831%20-%20Sinotel%20Technologies%20-%20BUY%20dmg%20.pdf |
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| 25-Aug-2009 09:05 |
Genting Sing
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GenSp starts to move up again
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Becarefull MORNING NOTE from Phillip Securities Research Tuesday, 25 August 2009 Technical We have textbook Elliott Wave sequences unfolding in the STI and Dollar Index. Going into the seasonally weak September-October period, if we see the end of the wave sequence via a top in the STI and bottom in the Dollar, the odds of a sizeable correction are high. Source Phillip Securities Research Pte Ltd Company Highlights |
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| 20-Aug-2009 16:59 |
ASL Marine
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ASL Marine
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ToMorrow Straits Times or Today Post Buy call this will be fly |
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| 20-Aug-2009 16:21 |
ASL Marine
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ASL Marine
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OCBC Research http://www.ocbcresearch.com/Article.aspx?type=research&id=20090820090409_80902 ASL Marine: Creditable FY09 results. Maintain BUY.
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| 20-Aug-2009 16:03 |
ASL Marine
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ASL Marine
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DMG http://www.remisiers.org/research//20Aug09-ASL%20buy%20dmg.pdf ASL MARINE 4QFY09 Results Review MARINE & SHIPPING BUY Maintain Price S$1.03 Target S$1.41 ASL MARINE Target S$1.41 Management turns upbeat on outlook Stock Profile/Statistics Bloomberg Ticker ASL SP STI 2,522.8 Issued Share Capital (m) 301.4 Market Cap (S$m) 310.4 52 week H L Price (S$) 1.080 0.350 Average Volume (3m) '000 1,073 YTD Returns (%) 134 Net gearing (x) 0.30 Altman Z-score 2.18 Beta 1.28 ROCE/WACC 1.68 Major Shareholders Ang Kok Tian 13.75% Ang Ah Nui 13.14% Share Performance (%) Month Absolute Rela tive 1m 17.0% 14.3% 3m 24.8% 10.7% 6m 139.5% 87.9% 12m 1.8% 10.1% 6-month Share Price Pleasant surprise - Management has turned positive on outlook. ASL’s 4QFY09 revenue of S$102.2m was in line with our expectations. Adjusting for an impairment charge of S$3.2m as a prudency move towards bad debts from Shiprepair activities, ASL achieved an operating profit of S$16.6m. The only dampener was its dividend payout ratio of 16% vs. management’s guidance of 20%. We were pleasantly surprised by management’s optimism about the business outlook, especially for FY11 and beyond. This was a change of view from the previous guidance three months ago. As such, we revise up our FY10 and FY11 orderbook assumptions from S$150m to S$250m and S$300m respectively. We increase our FY10 net profit by 15% and introduce our FY11 estimates. Ascribing P/E of 6x to FY11 EPS, our target price is raised to S$1.41 (from S$1.07 previously). Maintain BUY. Better-than-expected Shiprepair and Shipchartering revenue. While revenue was within expectations, the revenue mix slightly differed from our forecasts. Shipbuilding revenue of S$60m was lower than expected, but this was offset by higher-than-expected Shiprepair revenue (S$21m) and Shipchartering revenue (S$22m). The bulk of Shiprepair revenue came from a tanker-to-FSO conversion project while Shipchartering was boosted by an increased fleet. Shiprepair improved margin due to better cost containment and operation efficiency. Gross profit margins were well within management’s guidance, though we were slightly surprised that Shiprepair GP margin of 33% was an improvement of 5.8bp YoY. Optimism in outlook for Shipbuilding and Shiprepair. As at 30 Jun 09, ASL has an outstanding orderbook of S$523m for 33 vessels. Management estimates that approximately 56% of the orderbook would be recognised in FY10, with the remainder in FY11. It appears upbeat in securing new orders for higher capacity tugs and offshore construction vessels. As for Shiprepair, management is optimistic on the long-term outlook, underpinned by an increasing global fleet and regulatory requirements. With the completion of two new docks in 1QFY10 and expansion of graving drydock in 3QFY10, management is confident that the Batam yard will be able to accommodate the repair and conversion works of larger vessels. FYE Jun (S$m) FY07 FY08 FY09* FY10F FY11F Turnover 318.4 400.4 435.4 468.6 505.4 Net Profit 40.2 60.3 71.1 60.4 70.6 % Chng YoY 74.5% 49.8% 17.9% -15.0% 16.8% EPS (S¢) 15.7 20.1 23.7 20.1 23.5 DPS (S¢) 2.8 4.0 4.0 4.0 4.7 Div Yield 2.7% 3.9% 3.9% 3.9% 4.6% ROE 26.2% 25.2% 25.0% 17.6% 17.0% ROA 9.1% 9.9% 10.1% 8.5% 9.4% P/E (x) 6.6 5.1 4.4 5.1 4.4 |
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