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SinoTechfib
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caizy273
Member |
25-Aug-2009 16:26
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Anyone know what happen to this counter today? price up with extremely high volume, lots of big buyer! any good news? | |||||||||||||
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chewwl88
Member |
15-Aug-2009 03:03
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Sinotech Fibre faces Q2 net loss of some S$25m
SINGAPORE: Singapore-listed producer of microfibre and synthetic leather, Sinotech Fibre, has swung into a net loss in the second quarter of this year. Net loss for the period ended in June amounted to 118.6 million yuan or about S$25 million. The China-based firm had earned a net profit of 97.3 million yuan or some S$20.5 million over the same period a year ago. Sinotech said the loss came on the back of a 38.3 per cent decline in revenue due to the adverse operating environment. Given the uncertain economic outlook, it expects the average selling price of its products to remain weak for the rest of the year. It added that it intends to continue to invest despite the current business outlook. |
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freeme
Elite |
14-Aug-2009 12:17
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past value does not equal to current value..
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hogenterprise
Senior |
14-Aug-2009 12:15
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This is a inverse of 10 bagger Sino Techfibre’s shareholder Merit Asia places out 60 million shares to institutional investors for S$1.20 each A number of pre-IPO investors have subscribed for more shares, as well as new international funds SINGAPORE – 25 April 2007 –Sino Techfibre Limited (“Sino Techfibre” or the “Group” ), a leading producer of microfibre and polyurethane (“PU”) synthetic leather in the PRC, announced today that its substantial shareholder Merit Asia International Limited (“Merit Asia” or “the Vendor”) has agreed to place out 6.45% of its shareholdings in Sino Techfibre Limited, representing a total of 60 million shares (“Vendor Shares”), to a number of local and foreign institutional investors. Merit Asia, which is 75% owned by Sino Techfibre’s Non-Executive Chairman, Mr Lam Tin Tsoh and 25% owned by Chief Executive Officer Mr Li Wenheng, holds a total of 624,286,927 shares in Sino Techfibre, representing 67.13% of the Group’s issued share capital. The private placement, which is arranged by UOB Kay Hian Private Limited, is priced at S$1.20 per Vendor Share, representing a 4.6% discount to yesterday’s volume weighted average price. Subscribers to the placement include pre-IPO investors who wanted to increase their positions in the Company. The private placement also attracted new institutional investors. Said Mr Li Wenheng ( ), Sino Techfibre’s Chief Executive Officer: “We are gratified that such renowned institutional investors recognise the tremendous growth opportunities in our Company. Their vote of confidence in our business prospects spurs us to take Sino Techfibre to the next level of growth. It is also for this strategic reason that Mr Lam and I decided to place out 6.45% of our shareholdings to these investors.” “As a leader in the synthetic leather industry, Sino Techfibre is well-positioned as a major supplier of PU and microfibre synthetic leather to China’s defence and government sectors, and to a wide base of customers in the sport apparel, fashion apparel, auto upholstery, furniture sectors in China and international markets. Come November 2007, Sino Techfibre will be China’s first and only manufacturer of Pattern Moulding Paper (PMP) – this will be a proud moment for China and for our Company,” said Mr Li. PMP is a special paper which creates patterns, textures and special effects on synthetic leather. Currently, China is the largest consumer of PMP in the world - every year, China imports approximately 100,000 tonnes of PMP from six producers in the United States, United Kingdom, Italy and Japan. |
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samson
Veteran |
14-Aug-2009 11:23
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Be careful afternoon they will be some force sell |
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hogenterprise
Senior |
14-Aug-2009 11:03
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seems like no impact for the losses | |||||||||||||
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hogenterprise
Senior |
14-Aug-2009 08:37
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Sino Techfibre posts net loss of RMB118.6 million in 2Q2009 Q22009 |
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Alligator
Veteran |
03-Aug-2009 19:42
Yells: "learning from past " |
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oh, profit warning : loss Following a preliminary assessment of the financial results of the Sino Techfibre Limited (the “Company”) and its subsidiaries (collectively the “Group”) for the second quarter ended 30 June 2009 (“2Q2009”), the Board of Directors of the Company deems it is appropriate to issue a profit guidance in respect of the financial performance of the Group. Due to the adverse operating environment in PU and Microfibre synthetic leather, the Group is expected to incur a loss in 2Q2009 mainly due to the following reasons: 1) Sale of certain PU synthetic leather (“PU”) products at a lower price When the businesses of two of our customers, who had ordered customised PU products, closed down. We had to sell the customised PU products at a lower price to other customers. This resulted in a loss being incurred for these customised PU products orders. 2) Demand for lower grades of PU and Microfibre As the market demand for lower grades of PU and microfibre products persisted in 2Q2009, the Group’s average selling prices for these two products remained weak and declined, despite the increase in the quantity sold as compared to 1Q2009. Further details of the Group’s performance will be disclosed when the Group announces its 2Q2009 financial results on 14 August 2009. By Order of the Board Li Wenheng Chief Executive Officer 3 August 2009 |
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freeme
Elite |
02-May-2009 00:52
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can... if drop further better
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weekee1980
Member |
02-May-2009 00:28
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This share still can buy in? | |||||||||||||
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weekee1980
Member |
30-Apr-2009 22:52
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Anyone saw the "Profit Warning New" for sinotechfib today? The price drop from $0.11 to $0.09 (- $0.02) one day on friday. Will the price still drop till to the new agian on monday. |
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samson
Veteran |
16-Apr-2009 10:43
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upload will be 0.10 due to last few contra player please hold unstill u see 0.30 |
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freeme
Elite |
15-Apr-2009 22:35
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upload also like that.. im not gg to run yet..
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samson
Veteran |
15-Apr-2009 22:20
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BECARE contra player will unload tomorrow |
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freeme
Elite |
15-Apr-2009 21:57
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haha i dun think will double in no time la.. I believe this counter will stuck at 0.15-0.17 for some time b4 moving again. But im very sure given longer time frame sure will double even at the price i bought at 0.11.
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Andrew
Master |
15-Apr-2009 21:51
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Good for you.....never too late. So I think you can really double your investment in no time.....good luck good hunting....!!!
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freeme
Elite |
15-Apr-2009 18:27
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finally move together with all penny stocks.. re-bought at 0.11.. if nothing big happen can keep for few years liao.. last time sell too early, if not double liao.. |
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freeme
Elite |
01-Apr-2009 23:04
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haha.. bo bian la. i expect them to cheong but didnt, but i still think this one is a potential doubler. Will still buy in.. since nw it stuck at this level, so just cash out n cash in again.
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Andrew
Master |
01-Apr-2009 23:01
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WOW finally.......I am beginning to worry about you say....sell at double ??? Aiya.....take the money first....take first talk later.
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freeme
Elite |
01-Apr-2009 11:49
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sold 0.09 prepare to buy back at 0.08 or below |
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