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Hengxin on uptrend?
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hotstock
Veteran |
22-May-2007 18:47
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Be careful with this stock. Not too long ago there was this boardroom tussle resulting in the replacement of CEO who is a key shareholder of the company. Personally i think something negative is brewing esp when the china stock keeps moving down and there is no way you can find out the real reason until the news strike. There is always reason why ppl are selling (those with insider info) in a hot market like now. |
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alvinwong1012
Member |
22-May-2007 17:11
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This company is operating fundamentally sound judging by the P&L generated in last FY. Not sure why it is dropping on a daily basis. Todate decline is even drastic considering good mkt sentiment. Reckon alot of pple bought from 60 cent to 1 dollar value...think have to wait for quite sometime to convince potential investors to support the counter..heading towards 52 week low... |
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chris05
Member |
22-May-2007 14:42
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0.42 ....Good Price to enter? |
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chris05
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10-May-2007 11:35
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* Extracted from Annual Report 2006 Message from Hengxin Chairman Dear Shareholders I am pleased to address you as the newly-appointed Chairman of Hengxin Technology. FY2006 has been a very good year for the Group, thanks to the rapid pace of investments in infrastructure by the major telecommunications operators in the PRC. As a dominant market player in the PRC RF coaxial cable industry, we have benefited from our strong relationships with renowned companies like China Mobile, China Unicom, China Netcom, China Telecom, Huawei Technologies and ZTE Corporation. To date, we are the affirmed and designated preferred supplier of RF coaxial cables to 23 of China Mobile's 31 subsidiaries, as well as the most preferred supplier to China Unicom, supplying to China Unicom's 24 out of 30 branches. We believe our solid track record with the major telecommunications players in the PRC will continue to secure our future. Performance Review For FY2006, the Group made a sterling finish with an impressive sales and earnings growth. Turnover reached RMB787.6 million, up 68% over FP2005*, while net profit rose 114% to RMB120.4 million. Based on the issued share capital of 336 million shares, the Group's FY2006 earnings per share increased from 3.35 Singapore cents a year ago, to 7.17 Singapore cents. Net asset value per share was also higher at 21 Singapore cents as at 31 December 2006, compared with 3 Singapore cents as at 31 December 2005. During the year, we successfully delivered on several of our key growth strategies, including: Expanding our annual production capacity of RF coaxial cables for mobile communications to 36,000 kilometres, with effect from October 2006 Providing our customers with a one-stop value-added manufacturing service, with the commencement of production of connectors and jumpers Securing significant deals, such as a RMB147 million deal with China Mobile to supply RF coaxial cables of about 3,500 kilometres and other telecommunications equipment and accessories to 31 cities and provinces in China, as well as RMB113.8 million worth of orders from ZTE Corporation Expanded our domestic network to include Chengdu, Chongqing, Wuhan and Urumqi Made our foray into the overseas market with a RMB2.5 million contract awarded by Korea-listed Taihan Electric Wire Co., Ltd. Dividend In view of our stellar performance, the Directors have proposed a first and final dividend of 0.71 Singapore cents per share. This is in line with what we had stated in our IPO prospectus ? that we would recommend and distribute dividends of not less than 10% of our net profit after tax for FY2006. Moving Forward Hengxin Technology will continue to ride on the exciting growth phase in China's mobile telecommunications sector. China is the world's largest mobile market by number of users. And the number of China's mobile phone users is expected to top 520 million in 2007, against 460 million in 2006. The penetration rate of mobile phone subscribers in China stands at about 30%, which is still way below that of mature markets such as Singapore (about 100%), South Korea (about 78%) and USA (about 65%). Indeed, the huge potential for growth spurs the fast pace of investments in base stations, which form the critical infrastructure for mobile coverage. Our growth in sales of our RF coaxial cables and accessories is directly linked to the number of base stations owned by our telecommunications customers. In addition, the impending launch of 3G mobile services in China is expected to spur heavy investments in 3G network and related services. This augers well for us as it will bring about increased business opportunities for the Group. China Mobile, for instance, has already identified eight possible local and foreign equipment contractors and suppliers for its 3G network, including Datang Mobile and ZTE Corp who are our existing customers. China Mobile plans to set up TD-SCDMA networks in several major cities nationwide, to ensure 3G services are available in time for the Beijing Olympic Games in 2008. Industry reports have indicated that equipment makers will be the first to benefit from the 3G industry chain, and that investment in 3G-related equipment could reach RMB50 to 60 billion annually in the next five years in China. Hengxin Technology is in a good position to take advantage of the business opportunities arising from the expected 3G investments in China. In 2005, we already supplied 3G-compatible products to major PRC telecom operators and Macau Unicom for their 3G network tests. We believe our 3G-compatible products will place us ahead of our competitors. Besides China, we are also charting our growth outside of the country, in developing markets where mobile penetration rates have even more room for growth. In India, for example, only 10% of its 1.1 billion population have a mobile phone. In Appreciation As we look ahead to another exciting year in FY2007, I must take this opportunity to thank the management and staff for their hard work and dedication. I would also like to extend my appreciation to the former directors, namely, Mr Qian Lirong, Mr Jiang Wei, Mr Lai Seng Kwoon and Mr Raymond Ong, for their contributions to the Company. Following the Extraordinary General Meeting held in Singapore on 18 January 2007, the new Board now comprises myself as Chairman; Mr Xu Guochen as Managing Director; Ms Zhang Zhong as Non-Executive Director; and our Independent Directors Mr Bernard Tay and Mr Patrick Chee. Mr Xu has over 20 years of experience in the China telecommunications cabling industry. As such, he brings with him a strong network of business contacts and relationships, and is also very familiar with the Group's business. I am confident that with his vast experience, Mr Xu will be able to rise to the challenge as your new Managing Director. The new Board and senior management would like to pledge our commitment to you in maintaining a high level of corporate governance that is in compliance with the Code of Corporate Governance and Best Practices. We wish to assure all our stakeholders that we will work even harder to deliver greater shareholder value. Yours sincerely MR CUI GENXIANG Chairman 16 March 2007 |
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chris05
Member |
10-May-2007 11:31
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With its outstanding FY report posting profits of CNY 120.415 mil profit after tax vs. CNY56.363mil in 2006 (even higher than china stocks like Sino Env @ CNY89.927mil after tax in 2007) and trading at PE ratio 1.4, I think this share is undervalued and has got great potential to make a strong comeback. |
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Hulumas
Supreme |
09-May-2007 17:07
Yells: "INVEST but not TRADE please!" |
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Dear Readers, Today, I manage to collect 90 lots. Recollect tomorrow again! |
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Hulumas
Supreme |
08-May-2007 22:14
Yells: "INVEST but not TRADE please!" |
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Dear Readers, It comes to my collection time to this share again ha... ha... ha... |
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Hulumas
Supreme |
30-Apr-2007 14:24
Yells: "INVEST but not TRADE please!" |
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Dear Stockie, No good news does not mean price cannot go up!!! |
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stockie
Member |
30-Apr-2007 13:57
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There hasnt been any good news for this counter to move at e moment. I would think that more ppl r picking this counter up recently after the dividend annoucement. |
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alvinwong1012
Member |
30-Apr-2007 12:49
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Thanks Stockie... Hengxin seem to bounced back from .46 to 0.50 level today. Volume is pickg up.. Care to comment what is the fair value? Thanks. |
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alvinwong1012
Member |
30-Apr-2007 12:48
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stockie
Member |
27-Apr-2007 14:58
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Personally, I think Hengxin is in a promising industry. Cables for telecommunication infrastructure is still very much needed in growing China. I believe the mild surge in prices this morning was due to a dividend annoucement of $0.0072. Such annoucement tend to push e price up a little. Havent hear any other news other than this so highest possibilty. This stock will rise in time to come. |
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alvinwong1012
Member |
27-Apr-2007 14:16
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Hello, anyone aware the reason for Hengxin to surge midday? It has been laggard despite the rise in many Chinese company stocks across the board. Thanks. |
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Nostradamus
Supreme |
27-Apr-2007 13:30
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May have bottommed at $0.46. On the uptrend! |
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Hulumas
Supreme |
27-Apr-2007 11:39
Yells: "INVEST but not TRADE please!" |
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Dear Readers, Hengxin will be accelerating next week!!! |
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lucky168
Veteran |
22-Apr-2007 01:55
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i would deem 0.43-0.45 to be a good entry point! |
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Balars
Member |
19-Apr-2007 17:33
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Take note that there are marry deal at 0.45 today, quite a few transaction....all at 0.45
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iPunter
Supreme |
19-Apr-2007 14:13
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hahaha... |
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harryp
Veteran |
19-Apr-2007 14:10
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Whatever the reason, the evidence is in the chart. The famous "squeeze" is at work and the juice is flowing out from under. |
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jackjames
Elite |
19-Apr-2007 14:00
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gentleman, this is tricky... Luzhou chairman sold 6 millions shares too, and it made me panics, and sell my stakes... but it didn't drop further but rise up high to 0.75 , and now 0.715.. the lesson I learnt personally is , not all the time chairman selling is a bad thing ( or else, someone can tell me why Luzhou chairman selling 6 millions shares? )... as i said, both company are growing though.. not vested. |
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