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TURNING THE CORNER
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tuntan8888
Senior |
10-Jan-2007 09:47
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Pickup @ 0.565 yesterday, waiting for angpow b4 CNY. Any clues on profits for Yr-ended 31 Dec 06 ? |
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iPunter
Supreme |
16-Nov-2006 20:55
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Hi, I think what she meant is with too low volume, all her TA machines have no fuel to function properly, so they will stall! . :) ------------- Trade With Care ! |
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wait4opp
Veteran |
16-Nov-2006 17:47
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What about today volumes, I have kind of vested at 53.5cents yesterday. Cheers for those who about last few day..... Hope all tech stocks don't lost the steam......cheong all the way.... |
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wait4opp
Veteran |
07-Nov-2006 21:33
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Singaporegal, Low volumes means not a good counter ......izzit wat u meant.... Then better wait for the volume to increase first.....Thank you for your advice.... |
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singaporegal
Supreme |
07-Nov-2006 21:24
Yells: "Female TA nut" |
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Looks to be going on uptrend now. However the low volumes are a problem on this one. |
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wait4opp
Veteran |
07-Nov-2006 21:22
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Any advice on this counter. The price seem like between 53.5cents and 55 cents gap. The result is coming soon this saturday, can I going now? |
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allantanhc
Veteran |
01-Sep-2006 10:18
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Huan Hsin's President Mr Hsu Hung Chun in fact let slip to Business Times which quoted him on 15 Aug as saying, "This is our internal target - to grow both sales and profit by 20-30 % as we have done so in the past, and this is definately achievable." Although Huan Hsin subsequently tried to play down the quote in their response to SGX, it shows management's confidence in the company's continued progress in coming years. I remain optimistic about this company. |
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Nostradamus
Supreme |
31-Aug-2006 21:06
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This strategic alliance with Asustek is expected to benefit Huan Hsin as Asustek is a well established notebook manufacturer with superior technical know how and has a broad customer base. While it will be adding the 6th largest notebook contract manufacturer to their list (Quanta, Compal, Inventec, Wistron) of customers, this new customer wouldn't likely make much difference to its bottom-line this year or even next year. In fact, much like their previous JV plants with Quanta, it would most likely suffer start up losses wjen it begins operations sometime in the middle of next year. From past experience, the JV plant would likely only breakeven in 9-12 months time (ie sometime in 2008). Hence, while notebook casing volumes would likely see upward adjustments, bottom-line performance could be negatively impacted by start up costs next year. And with the financing costs and higher working capital requirements, gearing and interest charges would also be on a rising trend. At PER of 6x, its valuation is in line with its close competitor Ju Teng (HK listed) (Ju Teng has 20-30% market share vs Huan Hsin's 20%) as well as other local plastic companies First Engg, Meiban, Fischer and Hi-P. |
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allantanhc
Veteran |
31-Aug-2006 11:55
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The counter has risen 2 cents to $0.53 today. It is a turn around story and it is still in its early stage of recovery. May be of interest to value investers. For reference only. Declare my interest, I am vested. |
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allantanhc
Veteran |
31-Aug-2006 11:50
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Huan Hsin Holdings Ltd has just announced that it has entered into a joint venture with ASUSTek Computer to manufacture notebook casing in Shanghai, China. This deal will involve a total investment of US$50m, with initial investment value of US$30m. Huan Hsin will hold a 51% stake in the joint venture, and will fund this venture from its internal resources. We view this venture positively, although contribution will only be more meaningful from 2H 2007. In general, with secured contracts from the key shareholder and partner, we expect average selling prices (ASP) to be slightly above the group's current ASP, which is around US$15-17 per unit in 2Q06. If it manages to secure all the relevant approvals, the joint venture is likely to commence production in 1Q 2007 with an initial production volume of 300,000 units per month (in addition to the present production of close to 1m units per month). We are maintaining our BUY rating and fair value of 70 cents. Source : OCBC |
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allantanhc
Veteran |
20-Aug-2006 23:03
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Thanks for feedback. I used the default font and size. Didn't realise that you all were finding the size too small. |
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derekchong
Veteran |
20-Aug-2006 14:03
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please adjust your text size for easy reading. |
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allantanhc
Veteran |
19-Aug-2006 16:45
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Both price and volume have seen signs of movement. Good sign. I am looking at a target price of $0.61. The interim target is $0.565. Stop loss at $0.47. A reasonable bet. |
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allantanhc
Veteran |
19-Aug-2006 16:31
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Kim Eng in their Morning Buzz on 15 Aug said "The Taiwan-based computer notebook casings maker is targeting sales and earnings growth of 20-30% in the next few years, buoyed by robust demand for notebooks from developing markets. Market estimates a 31% surge in net earnings for 2006 to S$30m, on a 20% rise in sales to S$791.4m." |
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allantanhc
Veteran |
19-Aug-2006 16:29
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A few other points from Huan Hsin's 14 August Press Release : 1. Net asset value per share rose to S$0.76 vs yesterday's closing of $0.505. 2. The Group was recently ranked as one of the 50 fastest growing companies under the ?FASTEST GROWING 50? Award launched by DP Information Group in Singapore and this list includes Ezra, Jurong Tech, China Oil, etc. 3. Global restocking for notebooks and printers is likely to resume in the second half of the year in line with the year-end holiday season. The Group expects order momentum for products such as notebook casings, notebook peripherals and printer related products to continue. |
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singaporegal
Supreme |
15-Aug-2006 20:57
Yells: "Female TA nut" |
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This one also has low volume. Not good for TA people. |
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allantanhc
Veteran |
15-Aug-2006 11:46
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Time to put this counter on your radar screen. Huan Hsin Holdings Ltd reported net earnings improvement of 28% YoY to S$6.3m in 2Q06. Revenue grew 28% YoY to S$201.2m in 2Q06. With the firmer 2Q06 performance, 1H06 net earnings surged 30% YoY to S$15.6m on revenue growth of 35% YoY to S$395m. Operating margin improved from 3.8% in 2Q05 to 5.3% in 2Q06. The stronger performance was due to higher orders for notebook casings, notebook peripherals and printer-related products. Notebook casings shipments grew 24% to 5.7m units in 1H06 from 4.6m units in 1H05. Printer-related products accounted for 16% of group revenue, while notebook peripherals accounted for 17% of revenue. Management has declared an interim dividend of 0.8 cent per share. Huan Hsin has shown sustained profitability and the weakness in its share price is unwarranted. The stock trades at undemanding valuations of only 6.7x FY06 earnings and 5.9x FY07 earnings with attractive net yield of 4.1%. At current price, we are upgrading Huan Hsin to a BUY and maintaining fair value of 70 cents. Source : OCBC |
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