| Latest Forum Topics / Asia Enterprises Last:0.126 -- |
 Post Reply
|
|
A gem in the sea waiting to be discovered
|
|||
|
bsiong
Supreme |
18-Feb-2011 16:52
Yells: "The Greatest Wealth is Health" |
||
|
x 0
x 0 Alert Admin |
cimb/ |
||
| Useful To Me Not Useful To Me | |||
|
ozone2002
Supreme |
07-May-2010 15:15
|
||
|
x 0
x 0 Alert Admin |
undiscovered gem.. cash rich company trading below nav 37c.. good deal must grab..grab grab b4 the herd comes.. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
sgxinvestor
Member |
09-Feb-2010 00:23
|
||
|
x 0
x 0 Alert Admin |
Written by The Edge, 08 Feb 2010 Asia Enterprises posts 9% rise in net profit to $8.2m Asia Enterprises Holding, the regional distributor of steel products to industrial end-users, today reported a 9% increase in net profit to $8.2 million for the 12 months ended 31 December 2009 (FY2009), on the back of an improved performance in the second half of the year. Group revenue however declined 18% to $145.6 million in FY2009 due to the impact of the global economic recession on industrial activity in the region, and substantial fall in average selling prices of steel products compared to FY2008. While sales to offshore and marine sector customers contributed a dominant 64% share of group revenue in FY2009, revenue was down 19% to $93.2 million mainly due to the effect of lower average selling prices, when compared to FY2008. Revenue from customers in the construction industry rose 34% to $15.7 million in FY2009 to account for 11% of group revenue. Sales to the engineering/ fabrication, stockists and traders, manufacturing, precision metal stamping and other industries made up the remaining 25%. As a result, the group has extended its track record of net profits to 37 consecutive years despite experiencing one of the most challenging years in the history of the global steel industry. The group plans to pay a dividend of 1.2 cents per share, or 40% of its earnings per share of 3 cents, in FY2009. This is similar to the payout ratio of 40% for each of its last four financial years. The proposed dividend translates into a yield of 5.3%, based on the closing price of 22.5 cents for Asia Enterprises shares on Feb 5 2010. |
||
| Useful To Me Not Useful To Me | |||
|
zhuge_liang
Supreme |
10-May-2008 22:04
|
||
|
x 0
x 0 Alert Admin |
Continued strong demand from the marine and oil & gas sectors helped 2 of Asia's biggest steel suppliers grow faster in the quarter ended March 31. Asia Enterprises & HupSteel. Asia Enterprises saw revenue jump 35% to $54.6 million in its first quarter, thanks to a higher average selling prices and higher sales volume from a year ago. Net profit increased 17% to $5.2 million. |
||
| Useful To Me Not Useful To Me | |||
|
zhuge_liang
Supreme |
27-Nov-2007 23:35
|
||
|
x 0
x 0 Alert Admin |
Steel price is expected to remain firm and galloping northward as raw material prices are expected to soar further. Increase in coal and iron ore prices and shipping rates will lend support to the increase in steel prices. Talks of potential BHP ? Rio Tinto merger sparked further speculation on the supply of iron ore and possible skyrocketing of prices due to the potential monopoly in iron ore. In general, Phillip Securities remain bullish on the shipping and marine and construction sectors for the next 3-4 years down the road. This will benefit stockists like AEH. They maintain their buy call on this counter as a long-term investment portfolio. However, in view of the weak market conditions, they had lowered their PE to 8.5x instead. Based on 8.5x PE of revised FY07 estimates, they have valued this asset pedigree at its fair value of $0.61. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
winsontkl
Elite |
30-Jul-2007 23:35
|
||
|
x 0
x 0 Alert Admin |
Good entry point????? | ||
| Useful To Me Not Useful To Me | |||
|
zhuge_liang
Supreme |
05-Jul-2007 12:54
|
||
|
x 1
x 0 Alert Admin |
It rose to a record high of $0.605 after DBS Vickers initiated coverage of the firm at "buy" with a 12-month target price of $0.71. "AEH is a good proxy to ride on the booming demand for steel products, which is coming in strongly from the shipbuilding and construction sectors," DBS Vickers said in a note on Thursday. The company, which has stock market value of US$98.6 million, will also benefit from China's policies against steel product exports, DBS Vickers said. China had raised taxes on the export of many steel products from Jun 1. |
||
| Useful To Me Not Useful To Me | |||
|
sohguanh
Veteran |
05-Jul-2007 10:33
|
||
|
x 0
x 0 Alert Admin |
Another one of my long term stock taking off. I enter ard 40 cents which is late by my standard. I should have loaded it up when it is sub 20 cents but I guess it is better later than never :) | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Jimxli
Member |
05-Jul-2007 10:07
|
||
|
x 0
x 0 Alert Admin |
Impressive climb today!!!! 
cheong arrrrrrrrrrr.................... |
||
| Useful To Me Not Useful To Me | |||
|
cashiertan
Elite |
24-Jun-2007 19:42
|
||
|
x 0
x 0 Alert Admin |
wouldnt enter at this moment.. still consolidating n also risky to enter, till other times may be a wiser decision. buy stocks is not betting.. unless u buying for betting.. | ||
| Useful To Me Not Useful To Me | |||
|
winsontkl
Elite |
24-Jun-2007 15:54
|
||
|
x 0
x 0 Alert Admin |
Since after achieving its 1st bagger, these counter seems to be on the runaway gap. Vested investor can look forward to TP 70 cents in the near future. | ||
| Useful To Me Not Useful To Me | |||
|
winsontkl
Elite |
07-Jun-2007 22:51
|
||
|
x 0
x 0 Alert Admin |
1st BAGGER at 54 cents since its IPO at 27 cents. Nice return for long term investors. | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
lpkoh5
Senior |
07-Jun-2007 22:27
|
||
|
x 0
x 0 Alert Admin |
Target price of 58cts for me by next week 
|
||
| Useful To Me Not Useful To Me | |||
|
1234567
Senior |
07-Jun-2007 14:39
|
||
|
x 0
x 0 Alert Admin |
Union Steel the next gem ! | ||
| Useful To Me Not Useful To Me | |||
|
winsontkl
Elite |
06-Jun-2007 22:30
|
||
|
x 0
x 0 Alert Admin |
Impressive climb today. Cheers!!! | ||
| Useful To Me Not Useful To Me | |||
|
1234567
Senior |
06-Jun-2007 19:33
|
||
|
x 0
x 0 Alert Admin |
Is AsiaEntH and Union Steel in the same business ? | ||
| Useful To Me Not Useful To Me | |||
|
lpkoh5
Senior |
06-Jun-2007 19:06
|
||
|
x 0
x 0 Alert Admin |
This is one gem to take note 
|
||
| Useful To Me Not Useful To Me | |||
|
winsontkl
Elite |
19-May-2007 03:35
|
||
|
x 0
x 0 Alert Admin |
Impressive climb this week, any news????? | ||
| Useful To Me Not Useful To Me | |||
|
knightrider
Elite |
17-May-2007 11:14
|
||
|
x 0
x 0 Alert Admin |
Target S$0.7 by some analysis report ! Moving up now. | ||
| Useful To Me Not Useful To Me | |||
|
singaporegal
Supreme |
27-Mar-2007 20:15
Yells: "Female TA nut" |
||
|
x 0
x 0 Alert Admin |
Generally low volume stock... not liquid at all. | ||
| Useful To Me Not Useful To Me | |||