| Latest Forum Topics / Asiatic Last:0.002 -- |
 Post Reply
|
|
Asiatic
|
|
|
smartrader
Elite |
16-Nov-2008 12:50
|
|
x 0
x 0 Alert Admin |
Terence, 1H result is good. Is the vietnam hydroplant contract still on ? |
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
23-Oct-2008 21:31
|
|
x 0
x 0 Alert Admin |
In times like this, it is that there is little or no trade - since most are long-term investors in the business. 
SINGAPORE, Sept 17 (Reuters) - Singapore's Asiatic Group (ATIC.SI: Quote, Profile, Research) is in talks with up to five parties to build small scale renewable power plants in Southeast Asia, and sees opportunities amid the economic downturn to acquire cheap assets. "I foresee that Asiatic will be going regional -- we're looking at countries like Malaysia, even Singapore where there is potential -- if there are opportunities we will come in," Asiatic's managing director George Tan told Reuters in an interview on Wednesday. The engineering and energy firm, which started out as a distributor of pumps and then moved into marine firefighting, now wants to focus on renewable plants in the region where it sees higher demand on rising GDP, population growth and urbanisation. "Energy consumption across Asia has had tremendous growth. In the frontier countries they are all short of power at this stage and there is a lot of calling for investors into these countries," Tan said. Asiatic won a $475 million contract to supply power to an economic zone in Cambodia in late June for a 99-year period and also secured a joint contract to build and operate a 44 megawatt hydroelectric plant in Vietnam in July. Due to the long-term nature of these projects, Tan said financial market turmoil was unlikely to hurt Asiatic due to the recurring revenue. In fact, he said, the economic downturn could even provide acquisition opportunites. If there's a good plant we might gain from this financial crisis by acquiring them and take advantage of this sort of opportunities. It makes sense to acquire these projects." The group has completed the construction of two heavy fuel power plants in Cambodia but wants to build more hydropower, wind or biomass plants. Its energy division now provides 56 percent of revenue, up from about nine percent in 2006. Tan said Asiatic, which has a market cap of $21 million, has a bright profit outlook, but he declined to give figures. Shares in Asiatic, which listed in 2003, were unchanged by 0828 GMT, against a 2.3 percent fall in the benchmark Singapore index .FTSTI. Its shares have risen nine percent this year, versus a 31 percent fall in the wider index. (Editing by Neil Chatterjee) |
| Useful To Me Not Useful To Me | |
|
|
|
|
ysh2006
Senior |
21-Oct-2008 22:37
|
|
x 0
x 0 Alert Admin |
Hi all; Very little trade done ; (No trade done) this trade not done in the market but on 'marriage deal,' can't even smell the price!! 
|
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
21-Oct-2008 21:05
|
|
x 0
x 0 Alert Admin |
http://markets.ft.com/ft/tearsheets/performance.asp?s=SG%3AASG Recovering ? Accumulation.. outperform STI in 5yrs. |
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
19-Sep-2008 21:29
|
|
x 0
x 0 Alert Admin |
http://www.forbes.com/markets/feeds/afx/2007/09/06/afx4087521.html Terence, share this article with you. Asiatic proxy to Cambodia stable economic progress...  calm during the week's storm.
|
| Useful To Me Not Useful To Me | |
|
|
|
|
smartrader
Elite |
08-Sep-2008 21:57
|
|
x 0
x 0 Alert Admin |
Also it is a vote of confidence for the conversion. There is still plenty of room for Asiatic to increase its market capital through growth in NTA and shares holding. 
|
| Useful To Me Not Useful To Me | |
|
terencefok
Master |
08-Sep-2008 21:21
|
|
x 0
x 0 Alert Admin |
Depends on how you look at it. No good because its dilutive in terms of your holdings, but converted at NTA means the NTA remains as it is. But its good also because the loan has become a permanent equity, so no need for company to repay them. |
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
08-Sep-2008 20:52
|
|
x 0
x 0 Alert Admin |
Terence, Good or bad ? 
The Company wishes to announce that D.B. Zwirn Mauritius Trading Limited and D.B. Zwirn Mauritius Trading No. 3 Limited, in accordance with the terms of the Bond Subscription Agreement, has exercised its right to convert S$600,000 (S$400,000 and S$200,000 respectively) in value of the 6th tranche of Bonds with an aggregate value of S$1,000,000, issued by the Company on 1 November 2007 into 6,172,839 (4,115,226 and 2,057,613 respectively) new shares of the Company at the conversion price of $0.0972 for each new share. The 6,172,839 new shares in the Company, will be listed and quoted on the Catalist. The new shares will rank pari passu in all respects with the existing shares of the Company in issue. Following the issue of the 6,172,839 new shares in the Company, the number of issued and paid-up ordinary shares of the Company will be increased to 243,521,542 ordinary shares. Arising from the issuance of the Converted Shares, the EPS and NTA per ordinary share of the Company, based on the latest announcement on the results for the financial year ended 31 March 2008, would have been 1.45 cents instead of 1.47 cents and 9.72 cents instead of 9.72 cents respectively. For and on behalf of the Board Tan Boon Kheng Managing Director 8 September 2008 |
| Useful To Me Not Useful To Me | |
|
|
|
|
smartrader
Elite |
03-Sep-2008 20:48
|
|
x 0
x 0 Alert Admin |
something brewing ....
|
| Useful To Me Not Useful To Me | |
|
terencefok
Master |
02-Sep-2008 20:54
|
|
x 0
x 0 Alert Admin |
Not sure leh, so quiet. Let's wait and see |
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
01-Sep-2008 22:32
|
|
x 0
x 0 Alert Admin |
Any good news ? so strong....  
|
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
30-Aug-2008 13:29
|
|
x 0
x 0 Alert Admin |
Terence, i have odd lots 750 shares of warrant. What is the most economical way to resolve this ? |
| Useful To Me Not Useful To Me | |
|
|
|
|
smartrader
Elite |
08-Aug-2008 00:13
|
|
x 0
x 0 Alert Admin |
Sharing cambodia gov resolve to transform the energy sector in this site. Came upon it by accident.. http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/EASTASIAPACIFICEXT/CAMBODIAEXTN/0,,contentMDK:20490346~menuPK:293886~pagePK:1497618~piPK:217854~theSitePK:293856,00.html |
| Useful To Me Not Useful To Me | |
|
terencefok
Master |
04-Aug-2008 21:42
|
|
x 0
x 0 Alert Admin |
Haha, correct. Agree with both of you. Cheers. |
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
04-Aug-2008 21:28
|
|
x 0
x 0 Alert Admin |
Well-said. All the ingredients are there for "accelerated growth" - this year's theme. Sound and deep-rooted management, growing economy with growing demand for energy, delivers results year after year, reward investors, no short-cut in transforming the business....
|
| Useful To Me Not Useful To Me | |
|
elfinchilde
Elite |
04-Aug-2008 00:22
|
|
x 0
x 0 Alert Admin |
well, if you look at the AR of asiatic, there isn't much of a worry, except for the convertible bonds thing; hope it isn't one of those death spiral issues. >~< Would anyone be able to give an opinion on that? o/w, i think the writer either has never been to Cambodia before, or holds some prejudice against the country. His remarks strike me as being rather flippant. Speaking as someone who's backpacked Cambodia (the arc from Siem Reap all the way south to Sihanoukville), this is a young country akin to Singapore in the 1950s-60s. Is it messy? Sure. But there's also tremendous growth and youth and potential there. Why else would Thai businessmen be flocking to the country for deals in hotels, etcetc? Yea, they may be B grade in investment terms, but their rate of growth is phenomenal. And really, if you look at it globally, countries like the US are rated AAA investment grade, but who's in the doldrums now? The fact remains that the time now is Asia's. Not the US, not Europe. Asiatic is in the essential infrastructure industry. Which is exactly what growing countries like Vietnam, Cambodia and Laos need. For these countries, the current global slowdown is just temporary. Would anyone say, for instance, that China's growth will stop just because of this and the next year? Oh and btw, the best carbonara pasta I had was in Phnom Penh.  It came proper with a half-cracked raw egg in the shell. And the service was impeccable: They switched the sides of my sister's cutlery because they noticed that she's left-handed. Even very few five-star hotels here are so observant. This, from a roadside cafe.
It's a country often looked down upon by richer nations, even Singaporeans, since most would not want to visit the country. But if you're there, and you get the sense of possibility in the air, the derring-do of the people, most of whom are so very young, you'll know why, as a businessman, you'd choose to take a risk and put your money there. |
| Useful To Me Not Useful To Me | |
|
terencefok
Master |
01-Aug-2008 23:11
|
|
x 0
x 0 Alert Admin |
Some cameramen were present... |
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
01-Aug-2008 21:38
|
|
x 0
x 0 Alert Admin |
Same sentiment. Fundamental is intact. Nobody is any wiser (esp. outsider). Not sure the writer attended the same AGM as you ...... |
| Useful To Me Not Useful To Me | |
|
terencefok
Master |
01-Aug-2008 08:08
|
|
x 0
x 0 Alert Admin |
Hmm...I am not bothered by the comments from this article. I feel that the article is biased against Cambodia. As clarified from the AGM, the 99 years was because the govt. say the land is 99 years so Asiatic just took the full 99 years. As stated from the MD, power plants usually last about 15 to 20 years. Any increase in oil prices will be passed on to the customers. Cheers |
| Useful To Me Not Useful To Me | |
|
smartrader
Elite |
31-Jul-2008 21:39
|
|
x 0
x 0 Alert Admin |
http://www.businesstimes.com.sg/sub/companies/story/0,4574,289533,00.html Comment from Hock Lock Siew on 28 Jul. Read and make your own decision. If signal is too clear, it may be too late.....cheers ! |
| Useful To Me Not Useful To Me | |