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Key takeaways from my 1-1 mgmt meeting with CFO

ronleech
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05-Apr-2011 18:26

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Yells: "Believe in yourself. Ride with the waves......"

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past few days lots of big buy up for no news.....something cooking.....watch out

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alexchia01
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30-Mar-2011 22:45

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Unlikely. There is not enough interest from BBs and small players are selling this counter.

ronleech ( Date: 30-Mar-2011 22:11) Posted:

watch closely this counter....about time to fly like china sky....

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radiantforce
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30-Mar-2011 22:16

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wy do u say so??

am vested in too at 0.17

ronleech ( Date: 30-Mar-2011 22:11) Posted:

watch closely this counter....about time to fly like china sky....

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ronleech
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30-Mar-2011 22:11

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watch closely this counter....about time to fly like china sky....

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DelphinusSnow
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10-Mar-2011 16:11

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why why why is fuxing still dropping???? haven the S-chips fraud crisis worn off by now???? damn sad man....

since i started coming into the market, china big hoo-ha abt inflation, then ME case, then S-chips fraud...and all the stocks i bhgt just spiral downwards....waliao....I am starting to think that i bring bad luck....

anyone want to use me as a reverse indicator?

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Hulumas
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06-Mar-2011 14:54

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I am so sure, must be far less than a decade!

DelphinusSnow ( Date: 05-Mar-2011 18:48) Posted:

i wasn't vested during the last S-chip crisis....how long did it take to recover ah?

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DelphinusSnow
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05-Mar-2011 18:48

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i wasn't vested during the last S-chip crisis....how long did it take to recover ah?

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ronleech
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05-Mar-2011 16:13

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wait for heat to cool down about s-chip finance screwed up report.....relax

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DelphinusSnow
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02-Mar-2011 23:41

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good results oso no use leh...past days alot of coys oso post fantastic results...but end up share prices oso down down down...must wait long long to go up liao...

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yum_cha
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02-Mar-2011 00:15

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Spectacular zipping results posted!

however with the recent S-chip scandals, dont think it will rise too much

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ronleech
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01-Mar-2011 22:32

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NAV SGD0.266....with div at SGD0.004/ share anytime will hit 20++cts...congrate for those who is vetting long term!!

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ronleech
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01-Mar-2011 22:30

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Fuxing China FY2010 Net Profit Soars 133% to
RMB 71.6 million on revenue of RMB 664.6 million

4Q2010 net profit up 123% to
RMB23.1m, revenue up 43% to RMB 204.3m
FY2010 Gross margin of Zzipper segment improved to 28.2%

Strong cash position of RMB461.2 m to support proposed acquisition of 3 zipper-related companies

Expecting significant improvement in both topline and bottomline through M& A strategy going forward

Recommending RMB 2 cents final tax exempt dividend, adding up to RMB 4 cents per share for FY2010. Payout ratio accounted 47% of net earnings

Financial Highlights
RMB’ million

Quarter Ended

Change

12 Months Ended

Change

31 Dec 10

31 Dec 09

31 Dec 10

31 Dec 09

Revenue

204.3

141.9

43%

664.6

459.0

45%

Gross Profit

43.5

23.0

89%

145.1

76.3

90%

Gross Profit Margin (GPM)

21.3%

16.2%

5.1pts

21.8%

16.6%

+5.2pts

Profit before taxation

37.7

20.6

84%

116.5

54.2

115%

Net profit attr to Equity holders

23.1

10.3

123%

71.6

30.7

133%

Earnings per share* (RMB )

0.03

0.01

200%

0.09

0.04

125%

NAV per share (RMB) **

1.33

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yum_cha
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09-Feb-2011 01:43

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they going to post results on 1st march

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ronleech
Master

08-Feb-2011 22:53

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breaking up any moment...watch out

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crclk15
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01-Jan-2011 22:06

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Fuxing has appreciated 19% since my last writeup on the key takeaways from the 1-1 mgmt meeting. It has announced on 22 Dec (after mkt close) that it is making three acquisitions.

Acquisition (if approved) seems positive to Fuxing as

1. Synergestic in nature

2. Augment revenue and earnings streams

3. Business for the 3 target companies expected to do well in the long term

4. Affirm the authencity of its huge cash holdings.

Do visit my remisier blog ernestlim15.blogspot.com for more details on Fuxing plus other companies. Do drop me an email at crclk@yahoo.com.sg if you would like to know more about the value add services which i provide.

Hereby wishing all of you a happy and blessed 2011!

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crclk15
Member

07-Dec-2010 22:48

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Key takeaways from my 1-1 mgmt meeting with Fuxing CFO and IR Manager

- Acquisitions of three companies in electro plating services, colour dyeing, and dyed yarn supply business, if materialise, are expected to contribute significantly to Fuxing profits.

- Tax rebate likely to be in 4QFY10 or 1QFY11. i.e. net profit after tax should be higher

- Super durable zipper to contribute progressively in 2011 and more in 2012.

- Shanghai & Qingdao plants are expected to reverse their operating losses in 2010 to make a positive contribution in 2011.

This writeup, along with other company writeups and other important financial information on STI component stocks and REITs can be found on my remisier blog ernestlim15.blogspot.com. Do drop me an email at crclk@yahoo.com.sg to know more about the value add services that I provide.

Have a profitable wk ahead.

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