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Serial System
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Serial system is stirring again
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johnng
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20-Sep-2013 17:17
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Closed $0.13 on low vol...huh! | ||||
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johnng
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20-Sep-2013 11:42
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Exciting counter to watch out for...!! | ||||
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johnng
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25-Jun-2013 10:21
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should be able to break $0.13... | ||||
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johnng
Veteran |
25-Jun-2013 09:20
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Sam goi increase his stake in SERIAL SYSTEM...moving again | ||||
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longterminvestor
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20-May-2013 16:45
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MOVING le.......really nice | ||||
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think2profit
Senior |
13-May-2013 15:18
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Wait for Sam Goi to continue accumulate
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johnng
Veteran |
08-May-2013 14:00
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Serial very nice at $0.13.......crossroad now.....wait for further confirmation before taking it up | ||||
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guoyanyunyan
Elite |
06-May-2013 09:04
Yells: "uncertainty always exist" |
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Written by Leong Chan Teik
Tuesday, 30 April 2013 07:10 THERE WERE 3 interesting takeaways from Serial System's AGM and an announcement over the weekend: a. The announcement: A son of Sam Goi, the No.2 largest shareholder, has joined the board of directors of Serial System. b. Serial System's chairman and CEO, Derek Goh, elaborated on the company's impending entry into the Japanese market. c. Serial System reported a 10% rise in net profit and 19% rise in revenue for 1Q2013. First, Goi Kok Neng, 36, has joined the board as a non-executive director. His father, a well-known F& B entrepreneur as well as a key investor in several listed companies, owns 111.8 million shares of Serial, which is a 12.5% stake in the company. Mr Sam Goi has been a shareholder of Serial for more than 10 years, and has been raising his stake in Serial in recent years, though he is best known for investing in listed F& B-related companies. Secondly, at Serial's 1Q results briefing for AGM attendees, Derek Goh said that a 60-40 joint venture between Serial System and a Japan-listed company, AMSC, will start operations in June this year. The JV will sell and distribute semiconductors and other electronic products in Japan. Japan is a promising market given its size being more than US$40 billion a year. Japan is the latest market that Serial is entering, having gained a foothold through the years in markets such as Taiwan, South Korea, China, and India. The Serial-AMSC joint venture will buy over the assets of AMSC which will be then de-listed from the Osaka Securities Exchange. Through the JV, Derek Goh said, Serial System will be the only Asian distributor in Japan. The JV will seek to work with Japanese suppliers to extend their business out of Japan. At the same time, the JV will extend Serial's franchise with existing suppliers into Japan. Asked about the revenue of AMSC, Derek said it recently was around US$50 million a year but was much higher at around US$400 million until AMSC lost two key distributorships. Third, more info on the 1Q2013 performance of Serial: > Revenue from Greater China grew 11% to US$88.6 million while Taiwan grew 20% to US$13.0 million. > Revenue from India leapt 144% to US$4.4 million. Despite a 19% rise in Group total revenue, gross profit grew at a slow pace of 15%, as a result of higher operating costs. Wage costs and office rentals in China, in particular, have risen by double digits annually. Serial's net profit grew at 10%, and the net margin was 0.9%. Derek Goh reiterated that Serial has been paying 40-55% of its net profit as dividends. For FY12, the final dividend will be 0.3 cent a share while the interim dividend already paid was 0.22 cent. This year, by the way, marks Serial's 25th anniversary. This morning (Apr 30), CIMB put out a 'buy' recommendation on Serial, saying " We rate Serial a BUY with a target price of S$0.15, based on 8x CY14 earnings (5-year historical average forward P/E). FY13 dividend yield remains attractive at 5.3% and compensates for poor liquidity." ...Prev Close: $0.123... |
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theyoungone
Member |
01-Apr-2013 09:12
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watch out for serial today! A whole week of accumulation last week will see results this week! Chiong AH! | ||||
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theyoungone
Member |
27-Mar-2013 23:43
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Hmmm, a sudden spike in volume! BBs are accumulating fast! Act fast tomorrow before its too late! | ||||
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theyoungone
Member |
27-Mar-2013 16:02
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Last chance to make your move! Once 0.126 is breached, it will go a long way to the top!!! | ||||
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theyoungone
Member |
27-Mar-2013 14:00
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Volume is increasing by the day! A breakout coming soon! |
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theyoungone
Member |
27-Mar-2013 10:46
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Relatively dormant stock now! Once it awakes, it is time to HUAT! Better start collecting now! |
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theyoungone
Member |
26-Mar-2013 19:14
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Volume has been increasing daily for the past week. TP for this week would be 0.130. A stock to buy for mid-term (1-3 months) gains. One of the few pennies with true fundemental backing! | ||||
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theyoungone
Member |
26-Mar-2013 11:49
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My advice is to buy it when its cheap! Would anyone want to make a losing deal? Derek Goh must know something that we don't! http://www.nextinsight.biz/index.php?option=com_content& view=article& id=6581& Itemid=1 Check out this article! |
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theyoungone
Member |
26-Mar-2013 00:12
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A privatisation bid in progress? Derek Goh is still collecting... Time for him to make his baby his own! |
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theyoungone
Member |
25-Mar-2013 16:43
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My advice is to pick it up before market closes. It could just open with aplomb tomorrow! Should open at 0.126 tmr! |
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theyoungone
Member |
25-Mar-2013 13:05
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Its time for serial to HUAT! HUAT AH! |
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theyoungone
Member |
25-Mar-2013 10:36
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from the looks of it, serial's going to break out soon. Derek Goh has been increasing his stake in Serial, from 30% to the current 33%. Something's brewing, do not be surprised if Sam Goi suddenly makes his move and takes a bigger stake in the firm. | ||||
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jomini
Veteran |
20-Feb-2013 13:36
Yells: "slow down, think, question" |
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looks good. but seems like gotta chase. chasing always makes it a bit more risky | ||||
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