| Latest Forum Topics / $ WesTech |
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Good Buy
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monkey80
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13-Jan-2010 19:43
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Start moving this few days.. Any comment? |
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yipyip
Master |
29-Oct-2008 23:11
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WesTech cashflow (BT) WesTech Electronics, which is now in talks on a standstill agreement with its lenders, said it has appointed PricewaterhouseCoopers as its special accountant to monitor and review its cash flow and cash position. The company said earlier that a major Taiwanese, with accounts receivables of US$34.95 million, had defaulted on its payment. WesTech has since initiated legal proceedings to recover payment. |
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wendygoh
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26-Jul-2007 09:16
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Heard that counter will continue to go up. 
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Kelvinbh
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23-Jul-2007 22:27
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This opening up again, RSI at 84% and still go strong. Vol. is increasing and the best is no here yet. Good luck. |
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Kelvinbh
Member |
20-Jul-2007 20:35
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This counter is moving up viewing from the chart. PPL is cummulating as shown in last few days trade. It also hold well on 18th jul correction. Look out!! |
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w6m9hi
Senior |
18-Jul-2007 09:59
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up 3cts... |
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oil_madness
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30-May-2007 14:08
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There's quite a bit of activity with this counter yesterday and this morning. Usu very quiet. Not sure whether some kind of so called "insider trading" taking place. Maybe some related to the company know some secret. Check their website but nothing is taking place. |
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spurs88
Senior |
26-Feb-2007 10:12
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According to Philips............... FY06 result review: WesTech turned in a remarkable set of results for FY06. Revenue grew 65% yoy, from $200.4m in FY05 to $330.2m in FY06, on vastly improved sales in both the Display and Systems business units. Net profit also bettered our expectations, and increased 69% from $3.6m in FY05 to $6.1m. WesTech declared a final dividend of 0.48 cents and a special dividend of 0.91 cents. Total gross dividend for the year amounted to 1.9 cents per share. Revenue from the Components segment declined 1.9% yoy, while the same from the Systems and Display segments increased 73% and 184%, respectively. Gross profit margin fell from 9.0% in FY05 to 7.6% in FY06. The significant drop in GPM was largely attributable to higher contribution from the lower margin Display segment, which only started operations in 2H05. Net profit margin kept to FY05 levels at 1.8%. The astounding performance put in by the Display segment has meant that its contribution to overall revenue has increased from 29% in FY05 to 50% in FY06. Although the Management has assured us that efforts are underway to acquire new customers, we remain cautious of the fact that a good half of WesTech?s revenue is now derived from one single customer. Outlook: Into FY07, the Components unit is likely to see flat to marginal growths as the industry-wide inventory levels continue to maneuver out of overhang. We expect performance at the Systems unit to maintain, as the Company readies itself to increase production over the next few years. For the Display segment, we expect growth to remain healthy, albeit at a more restrained rate, as Americans (WesTech supplies to a sole customer in the US) continue to trade in their analog sets on the back of falling LCD prices. Recommendation: We have adjusted our FY07 estimates upwards to factor in the strong momentum that we expect to follow on from FY06, and the growth prospects of the individual segments. We have also adjusted our dividend projections based on the lower end of historical dividend payout ratio. For our fair value estimate, however, we have lowered our P/E peg to 6.0x to account for the risk inherent in the fact that half of the Company?s sales is derived from a single customer. Based on 6.0x FY07 earnings, we have arrived at our fair value estimate of $0.36, which suggests 20% upside potential. Maintain BUY. |
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