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Latest Forum Topics / KXD  Post Reply
Is another take over taget on process??
Reveal
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28-May-2008 18:16     
 
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Must declare that i m not vested here. Either long nor short :)

Have been following the forum here for a while. In my opinion, the purpose of this forum ( i may be wrong ) is to allow various views and perspectives to be aired, technical charts trend to be shared, fundamental analysis to be debated so that everybody can benefited.

In the process, sometimes opposing views can turn up heat and emotion / feeling can be hurt ...  But, in the right spirit, lets all be open to learn from one another's experience and knowledge. Nobody is absolutely right all the time. Having access to each other wisdom, learning from one another can only empower us. It made us all richer, in a sense knowledge wise!

 

 
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Hulumas
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28-May-2008 17:22     
 
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Dear Farmer,

 

We think different way, let others take at Sgd. 0.025 as such they will gain profit too in the later stage. We are not that selfish not letting other having chance to buy at Sgd. 0.025, while awaiting some one like you or others perhaps, who hate and think KXD no longer propestive future and cut loss or sell it at Sgd. 0.02.
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Farmer
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28-May-2008 11:30     
 
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Be it 800m or 1.1b, good buy or not, this counter is highly a speculative play with high vol. appears only to drive down its share price eventually.

Those(believe to be the same persons) who still think it's a good buy, why not jump in now, 516 lots are waiting to be sold at 2.5cts..... but how come no vol traded yesterday and so far for today???
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Hulumas
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28-May-2008 09:32     
 
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Dear Farmer,

Please be noted. Total enlarged issue shares reachs 785,657,800.--not ~1.1 billion.



Farmer      ( Date: 27-May-2008 17:52) Posted:



Wah! It's getting hot here...phew!

Let's look at its chart / fundamental respectively....both the traders/value investor's tool.

The share price have been weakening since its listing from high of 47c to 6.5c towards 2006. During the super bull run period, it could only manage to climb to max of 20c on 26/6/07. There after, down hill again all the way till now setting a new low of just 2c.

The company is in the red for the last 2 consecutive Q.... both revenue/income were down sharply. Its FY07 profit is merely $0.8m. With the issue of 265m new shares, total issued shares will reach ~1.1b. Base on FY07's earning, its eps will be na.

Now, investing in shares is about forward looking, we understand that the mgmt are trying to diversify into other business(too late, damage alr caused). Lets say they are successful, to get eps of just 1c, yearly profit has to be at least $11m sgd....>55m Yuan. Can we trust that they can deliver?

So...better to avoid it till we see something concrete's happening, else it's merely for speculative play...unless you 've got insider....

 

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HOLLAHC
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28-May-2008 09:29     
 
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 Alert Admin 		Some people believe the price had been pressed down to its current low level so the lender cud get more converted shares out of the same loan amount. The conversion formula of 90% based on the average price of 5 consecutive trading days from 19.4.08 was fixed back in 2003. If you believe in this theory, than the current low price does not really reflect the current intrinsic value. The current NAV is about 12.5 cts assuming all the trade receivables cannot be recovered. Pls conduct your own due diligence.

Reveal      ( Date: 27-May-2008 18:34) Posted:



Just bringing out the facts and figures and they do speak for itself. Just want to share one more possible reason for its drop in value. No other intention. As always, each has to know what are the possibilities behind the company performance ( good or bad ) and  make their own call..

 

 
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HOLLAHC
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28-May-2008 09:18     
 
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 Alert Admin 		No need for insider info, the CEO had previously tried to buy out other shareholders and a HK party had also tried to buy out the whole company. Now,  at 2.5 cts, KXD has become a never before cheap and tempting target. Not saying anything will happen tomorrow, for those with money to spare, may be good to buy some shares & hold but pls do your own due diligence first

Farmer      ( Date: 27-May-2008 17:52) Posted:



Wah! It's getting hot here...phew!

Let's look at its chart / fundamental respectively....both the traders/value investor's tool.

The share price have been weakening since its listing from high of 47c to 6.5c towards 2006. During the super bull run period, it could only manage to climb to max of 20c on 26/6/07. There after, down hill again all the way till now setting a new low of just 2c.

The company is in the red for the last 2 consecutive Q.... both revenue/income were down sharply. Its FY07 profit is merely $0.8m. With the issue of 265m new shares, total issued shares will reach ~1.1b. Base on FY07's earning, its eps will be na.

Now, investing in shares is about forward looking, we understand that the mgmt are trying to diversify into other business(too late, damage alr caused). Lets say they are successful, to get eps of just 1c, yearly profit has to be at least $11m sgd....>55m Yuan. Can we trust that they can deliver?

So...better to avoid it till we see something concrete's happening, else it's merely for speculative play...unless you 've got insider....

 

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Reveal
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27-May-2008 18:34     
 
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Just bringing out the facts and figures and they do speak for itself. Just want to share one more possible reason for its drop in value. No other intention. As always, each has to know what are the possibilities behind the company performance ( good or bad ) and  make their own call..

 

 
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Farmer
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27-May-2008 17:52     
 
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Wah! It's getting hot here...phew!

Let's look at its chart / fundamental respectively....both the traders/value investor's tool.

The share price have been weakening since its listing from high of 47c to 6.5c towards 2006. During the super bull run period, it could only manage to climb to max of 20c on 26/6/07. There after, down hill again all the way till now setting a new low of just 2c.

The company is in the red for the last 2 consecutive Q.... both revenue/income were down sharply. Its FY07 profit is merely $0.8m. With the issue of 265m new shares, total issued shares will reach ~1.1b. Base on FY07's earning, its eps will be na.

Now, investing in shares is about forward looking, we understand that the mgmt are trying to diversify into other business(too late, damage alr caused). Lets say they are successful, to get eps of just 1c, yearly profit has to be at least $11m sgd....>55m Yuan. Can we trust that they can deliver?

So...better to avoid it till we see something concrete's happening, else it's merely for speculative play...unless you 've got insider....

 
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Hulumas
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27-May-2008 16:55     
 
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Dear Reveal,

Read and evaluate through the below announcement made last year 14th September, taken into serious account the total number of 265,695,900 new shares as a limit being allowable to be issued throughout notes-issue conversion process... then you may find what is wrong with your previous posting information!



Reveal      ( Date: 27-May-2008 16:42) Posted:



See announcement made last year 14 Sept 07 regarding Notes Issue. Many other announcements were also made since then.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C929BB09F796B4C4482573560038E3A2/$file/Proposed-Notes-Issue_14-09-07.pdf?openelement

 

 
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Reveal
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27-May-2008 16:42     
 
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See announcement made last year 14 Sept 07 regarding Notes Issue. Many other announcements were also made since then.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C929BB09F796B4C4482573560038E3A2/$file/Proposed-Notes-Issue_14-09-07.pdf?openelement

 

 
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HOLLAHC
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27-May-2008 16:30     
 
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 Alert Admin 		where did u get d $60 million figure from? The 1Q2008 report states that KXD's only remaining debt is about RMB10million ie about SGD2 million  

Reveal      ( Date: 27-May-2008 15:27) Posted:



Look into the company recent share performance. One other reason could be the PCIM exercising their rights to convert the Notes issues into company's share at an avg price of 1.8 to 1.9 cents. They can exercise up to $60 million of Notes issues. So far only $8 million has been converted. More shares can be converted when the share value is low. Centillion is an example when PCIM Notes were issued.

So my assessment is that it will take a long long time before we can see any revival.

 
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Reveal
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27-May-2008 16:30     
 
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Hi Hulumas,

Pardon if wrong info about KXD was given. What about it and stand corrected. ..

 
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Hulumas
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27-May-2008 16:24     
 
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Dear Reveal,

 

I am afraid, you have given us wrong information about KXD, please amend........



Reveal      ( Date: 27-May-2008 15:27) Posted:



Look into the company recent share performance. One other reason could be the PCIM exercising their rights to convert the Notes issues into company's share at an avg price of 1.8 to 1.9 cents. They can exercise up to $60 million of Notes issues. So far only $8 million has been converted. More shares can be converted when the share value is low. Centillion is an example when PCIM Notes were issued.

So my assessment is that it will take a long long time before we can see any revival.

 
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Reveal
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27-May-2008 15:27     
 
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Look into the company recent share performance. One other reason could be the PCIM exercising their rights to convert the Notes issues into company's share at an avg price of 1.8 to 1.9 cents. They can exercise up to $60 million of Notes issues. So far only $8 million has been converted. More shares can be converted when the share value is low. Centillion is an example when PCIM Notes were issued.

So my assessment is that it will take a long long time before we can see any revival.

 
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HOLLAHC
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27-May-2008 15:01     
 
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 Alert Admin 		sori, buy q is about 30 million, not 3 million. the huge q in itself suggests there must be something coming up soon  
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HOLLAHC
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27-May-2008 14:51     
 
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Bro Zhu, u 4got 2 mention d most important Q & A of SGX"s query below lah! KXD's answer below shows d kxd board is considering some lobang  and once it hits something and makes announcement, sgx shares will rocket. No wonder about 3 million queueing to buy and so few wanting to sell. This stock's other good point is there are so few shares available for dumping and once it starts shooting, it's unlikely to be sold down bcos the downside is so small  

SGX Query (j)In the Group’s commentary of its prospects, the Group reported its intention to “diversify itsrevenue streams and business, including seeking strategic acquisitions”. Please elaborate andprovide further details on how the Company intends to diversify its revenue stream.

Company’s Response:Rising raw material and labour costs, coupled with the appreciation of RMB against USD hasresulted in costs pressures for the manufacturing industry in PRC. Moreover, the intensecompetition in the electronics industry has continued to further erode profit margins. As such, itwill be more prudent for the Group to diversify its revenue streams instead of relying solely onmanufacturing. The Group is currently exploring and evaluating various business plans and willmake an announcement as and when these plans materialise.

By Order of the Board25 May 2008Singapore



zhuge_liang      ( Date: 27-May-2008 01:22) Posted:



KXD's debt woes took the spotlight  in an announcement which resulted from a series of queries by the SGX on the company's dismal first-quarter results. The firm said it would try to collect from its debtors 210 million yuan ($41.1 million) with debtors turnover of 830 days, a reference to the collection period. The company also said it did not rule out more bad debts.

1Q08 loss came to 23 million yuan as turnover plunged 83% to 24 million yuan from 138.2 million yuan a year ago. In the corresponding period a year ago, KXD posted a net profit of 382,000 yuan. The company had cited the loss for the quarter under review as mainly due to an appreciation of the yuan against the US dollar, increasing production costs and provisions against bad debts.

The company said the bad debt provisions of 5.6 million yuan was for two key customers. 'The provision was made for specific invoices which the group had assessed to be not collectible due to disputes and the age of the debts,' it said. It added that the remaining undisputed debts amounting to 17.7 million yuan for these customers were not provided for. As for the 3.7 million yuan stock obsolescene provision, the company said 2.2 million yuan was for raw materials while 1.4 million yuan was for works-in-progress.
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Hulumas
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27-May-2008 13:46     
 
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 Alert Admin 		Yes, definitely it is! (Caveat Emptor)

Ah_Mong      ( Date: 25-May-2008 11:27) Posted:

Then is KXD a good entry point now?

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Farmer
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27-May-2008 11:32     
 
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This type of counter better avoid......now is not a bull run market or is it imminent, even a value stock also kana sell down.

Now we know why share price keeps heading south...haha, and KBH resign as its director years back! 

To ultrameg...oops i nearly pronounce as "ultraman"! 

Why all your listed stocks are penny leh? This method cannot succeed in a bear market unless you've got insider news which is illegal......you may have to hold these babies until the cows come home i.e. many many years in order to make profit or break even.

Just my worthless comments.
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Hulumas
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27-May-2008 09:34     
 
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Dear Zhuge_Liang,

Those are all about KXD's bad news, how about its good news?

What should we do? BUY? HOLD? SELL? TRADE? LONG? SHORT? WRITE OFF? Awaiting your suggestion.
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zhuge_liang
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27-May-2008 01:22     
 
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KXD's debt woes took the spotlight  in an announcement which resulted from a series of queries by the SGX on the company's dismal first-quarter results. The firm said it would try to collect from its debtors 210 million yuan ($41.1 million) with debtors turnover of 830 days, a reference to the collection period. The company also said it did not rule out more bad debts.

1Q08 loss came to 23 million yuan as turnover plunged 83% to 24 million yuan from 138.2 million yuan a year ago. In the corresponding period a year ago, KXD posted a net profit of 382,000 yuan. The company had cited the loss for the quarter under review as mainly due to an appreciation of the yuan against the US dollar, increasing production costs and provisions against bad debts.

The company said the bad debt provisions of 5.6 million yuan was for two key customers. 'The provision was made for specific invoices which the group had assessed to be not collectible due to disputes and the age of the debts,' it said. It added that the remaining undisputed debts amounting to 17.7 million yuan for these customers were not provided for. As for the 3.7 million yuan stock obsolescene provision, the company said 2.2 million yuan was for raw materials while 1.4 million yuan was for works-in-progress.
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