Latest Forum Topics / HanKore Env | Post Reply |
Hankore onward march to 8-10cts.
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cccx123
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21-Sep-2013 16:05
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If we want Hankore to remain a Chinese municipal water treatment company competing with the numerous startups there, then yes of course, let their HQ remain in BeiJing.
That being said, it is easier to branch out into international markets when a company's HQ is in Singapore than if it is in China. Sad fact, but true. Without the backing of SOEs, HK is better off headquartering in Singapore. Take note that schips listed in countries such as in the US are also facing increasing regulatory scrutiny, a federal activity that deters potential investors, especially if there is no SOE backstop. I doubt HK intends to compete in local infrastructure projects already dominated by the likes of Hyflux. What HK can do is tap more easily the local expertise in the water treatment business as well as branch out to neighboring countries. |
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spathway
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21-Sep-2013 15:25
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I have a different opinion. I agree with Lucky, I am not sure  it is a right move to move the headquarter to Singapore. Most of the time, big company would have their headquarter or regional office nearer to their customer, where daily meeting with government official/customer are necessary. This strategy to me is a bit 'unusual'. If we say HK is looking for more fund in the future, I don't think it will be too difficult to get it if the fundamental is improving. Some more they still have  unused  MTN at hand at the moment. I am also puzzled Mr Chen goes to  the extend to put SGD 5 millions so that he could get his PR in Singapore. Is he looking to dine and wine for M& A with Singapore official, competitors (or maybe Hyflux)?    
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Spivvy
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21-Sep-2013 15:18
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I would like to see hk touch 8.3 on monday and close at 8!  
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Lucky03
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21-Sep-2013 13:44
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Funds today are running wild and making speculative trades or betting on spread of a tight range given their short term horizon and almost negligible fees. There are hardly serious mid to long term investors. However, they do get burnt at times, like the Minzhong case you mentioned. Oei Hong Leong just got limelight again for suing Goldman Sach for losing S$38m in less than a mth betting on Brazilian Real-Japanes Yen trade when he was caught off guard when Benanke announced plan to taper QE. Nothing compared to what he sued Citi Group in 2008 for S$1B ! These guys simply believe they can move the market with piles of cash that they are managing. They can't control the macro picture. So we should still pay attention to the real market (not just the SGX market) for guidance as they will eventually set the course. | ||||
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teeth53
Supreme |
21-Sep-2013 12:34
Yells: "don't learn through life, learn to grow with life " |
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Hankore moving it HQ to Singapore, good move - late but never too late. Singapore small size  and has maturing water re-cycle industries and has to be contented,  compete to fight it out with the rest of the others companies. will it eat into their profit n loss margin?, as players compete for less n less project here. Oni oversea project will help.
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Lucky03
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21-Sep-2013 10:41
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You are right that he may be ready to embark on the plan he shared during the interview as reported on Global Water Intelligence to move beyond China. Being a Spore registered company will definitely help. Well, can question him at coming AGM.
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leeeta
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21-Sep-2013 08:50
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moving HQ is not a normal day to day business operation, there must have a been a tectonic plate shift in HK's strategies. They must have done their due diligence otherwise why take such a risk? They must have done their homework otherwise he would not have commented that " there are strategies" to compete with BEWG and BOT. While the business in China continues to grow and expand further in China, there is a possibility of David and his international friends (boustead wong?? maybe) cooking up an international storm. I dont know what storm it is at the moment (trusts??, M& A with Boustead or with other biggies??, projects elsewhere??) but i hope it is a good one.  Magician often use the trick of misdirection..telling us those reasons on Edge magazine for moving to Sg may be a misdirection while the actual trick is yet to be revealed. Would love to see what this magician from China will do with his little wand.   Watch out for this space..more stories to come as and when David makes his moves.
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leeeta
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21-Sep-2013 08:24
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Lucky, you must have partied hard last night to come back and post only at 345am in the morning. :) Dow was hard hit last night ..uncertain days with this QE bulls##t. Well as for everyone who has traded or invested in the market, surely all is aware that what goes up must come down..and as for HK, the same applies..hopefully the down days are minimum and the uptrend will continue.  
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Lucky03
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21-Sep-2013 04:09
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Hankore has continuous of 7 relatively long white candlesticks. Pretty aggressive and amazing performance and highly overbought now. The share price need not correct as sideline movement in the short term can do too to moderate the overbought state. Hankore may once again ignore macro market movement and has a life of its own as the BBs continue to support HK strongly. | ||||
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Lucky03
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21-Sep-2013 03:45
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I'm not so sure if it is such a good idea for HK to move its HQ to Spore. It may enjoy better reputation and credibility as a Spore registered company to raise funds and for PR to attract funds managers. Afterall, that probably explains the gap in the valuation of Utd Environtech vs Hankore. However for the business growth and operational and corporate oversight, it may still be better to stay put as China registered company for doing business in China. This may be more true for an environment protection industry as it is often a protected industry and hence local government may be more Inclined to award to China registered company. David and gang have done a marvelous PR that has given rise to HK being flagged as a turnaround story and highly likely to be re-rated. Next week will be the1 week anniversary since it started surging from Monday onwards.
In US, there are uncertainties with QE tapering now expected to happen in Oct as well as the funding for the govt before they are forced to shut down. The house has approved stopgap budget but at the expense of ObamaCare which President Obama already threatened to veto. It may not be so appropriate for me to offer another view when the mood is so highly positive, esp when I've temporarily cashed out. HK long term is very positive but I'm not as certain for the short term... for now. I'm having some interest in commodity stock now :) Just thought that there may be some correlation between inflation and commodity prices. Given that tapering may happen in Oct, interest rate is likely to rise nudging up certain degree of inflation. MAS has started to clamp down on housing loan, car loan and now personal unsecured loan indicate that MAS anticipated interest rate will rise soon. |
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novice_trader
Elite |
20-Sep-2013 23:43
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Noted bro teeth53. Thanks for ur advice... Huat ah!!!
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teeth53
Supreme |
20-Sep-2013 23:35
Yells: "don't learn through life, learn to grow with life " |
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Hi novice, be prepare for volatile  play, what can go up oso can come down. Yesterday was a very good example (all stk green). Today Friday,  opening all stk red, n thk to BBs play some turn abit +ve. I can't really read Ah Ben mind.  FOMC  just finished meeting. Me think as late Dec 2013 or even kicking the can into first Q of year 2014. http://money.cnn.com/video/investing/2013/09/19/investing-fed-no-taper-flip-flop.cnnmoney/index.html?iid=H_E_News Maybe this video chip  can help. |
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leeeta
Veteran |
20-Sep-2013 23:30
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ah...read wrongly,, ya ya..we have to work overtime ...since he is enjoying himself with his gains.
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leeeta
Veteran |
20-Sep-2013 23:28
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bro, lucky is not working overtime..but is enjoying overtime. kekekek. He will be back. )
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Share7
Senior |
20-Sep-2013 23:27
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bro, lucky not with us so seems we have to work overtime. lucky had done a fantastic job answering queries patiently. Kind of miss him, man. Hope he hob back soon. lucky, you listening?
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novice_trader
Elite |
20-Sep-2013 23:24
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Bro teeth53, can advice when will ah ben meeting with his fellow brothers??? In October or November???
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Share7
Senior |
20-Sep-2013 23:24
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teeth, thanks for the caution as the macro news from US & europe may not be sweet. Important is HK's rerating. BBs will push to their price until it hits to set base for their next price. In a down market, BB jumped to buy up at 7.7c, not 7.3c/7.4c with 35K lots. If BBs can do this in a down day, BBs is powderful man. We shall see how it progress but it won't be a straight line, although it is a straight line now. 
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leeeta
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20-Sep-2013 23:23
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correct..short term there will be consolidation as price does not go up in a straight line..HK is trying to do that .. so far so good. As and when it dips, good time to load until MT and LT target is reached.
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teeth53
Supreme |
20-Sep-2013 23:19
Yells: "don't learn through life, learn to grow with life " |
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U see post like huat...argh. All players now very +ve hohh. hiong hiong hoot tuatua lehh. Then. I think of Ah Ben next hinting coming next hint. Mid term - ok lahh (see the last post by huatrr), short term  - Anything is touch n go.
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leeeta
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20-Sep-2013 23:14
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Thanks for the info.. The 10cts target is going to be a walk in the park. He may have to revise that target soon. :)
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