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CNA - My Recent Buy
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zhuge_liang
Supreme |
12-Dec-2006 01:59
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Subsidiary Herocan secured almost RMB130 million Of China projects and expanded to Jiangsu. |
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moneymatters
Member |
11-Dec-2006 08:11
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If you are into Middle East play for huge infrastuctural automation and control busiiness. If you into buying into construction & related counters to ride Singapore construction boom for 2 IRs, BFC, new MRT lines, transportation networks, new hospitals, new wafer fab plants. If you are also thinking about buying into a grossly undervalued China water treatment play. You got to pay attention to this stock. Bought at 0.20 in August and now 0.41. Management has guided that they are forecasting XXX gains in revenue and net profit for FY 2006. |
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moneymatters
Member |
09-Dec-2006 16:17
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CNA is poised for explosive growth with SEDCO's investment. Expect CNA to leverage into SEDCO's extensive network and biz links in the Middle East. Add to that, Singapore construction boom and building of 2 IR and BFC, new MRT lines. new regional airports in China & India. Not forgetting its foray into China huge municipal waste water treatment industry. Still maintaining my target price is 0.60 by end 2007. |
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zhuge_liang
Supreme |
08-Dec-2006 13:51
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It soared as to a record high of $0.415 after the automation systems provider said it was selling a stake in the firm to a Middle East wealth management company. Saudi Arabia's Saudi Economic & Development Co. Ltd. (SEDCO) will subscribe for 40 million new ordinary shares in CNA at $0.335 each -- a stake equivalent to 20.7% of the firm. "We are confident that with SEDCO's experience and global standing, this development will further the group's growth in the Middle East," CNA's Chief Executive Officer Michael Ong said in a statement. |
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knightrider
Elite |
08-Dec-2006 09:32
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Now is stablise at 0.4 ! After news that an middle east investment arm joint venture ! Today up 0.03 cents ! |
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myhope
Member |
08-Dec-2006 09:19
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Is this share going uptrend even more? Thanks |
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chew8888
Member |
14-Nov-2006 07:53
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My apologies. It should be "......I hope it would not end up like biotreat....."... |
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rogue_trader
Master |
14-Nov-2006 00:45
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Might be on an downtrend. |
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chew8888
Member |
13-Nov-2006 21:39
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Bought this during IPO at $0.30. Did not do well until recently. But miss the peak around $0.37 to $0.38. Anyway, sold today at $0.35 (it closed $0.355 today). Not so easy to track this counter, as it is similar to Hyflux and Biotreat in business. Hope it would end out like biotreat...luckily got out of biotreat before it "crashes" more than 60%... |
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moneymatters
Member |
02-Nov-2006 08:00
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This has been my best stock pick in recent years. CNA Group management has an excellent track record of securing deals against many heavy weight competitors in the control and automation industry. Their foray into China waste & municipal sewage industry will give the company a solid second growth engine. Expect this stock to trend towards 0.60 by end 2007 as it narrow the gap to trade closer to its peer group PER for both water & waste treatment & control and automation company. |
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Nostradamus
Supreme |
01-Nov-2006 20:28
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PS has raised its fair value estimate to $0.395 from $0.32, saying the company's recent project wins in China and the Middle East had affirmed its healthy growth outlook. The brokerage has increased its forecast for the firm's earnings per share and now expects it to grow by 276% in 2006, 28% in 2007 and 21% in 2008. It expects CNA to report net profit of $4.3 mln this year from $1.1 mln last year, $6.2 mln next year, and $7.7 mln in 2008. PS believes China will be the primary growth driver for the company and expects total orders for its control and automation projects there to increase by at least 20% annually over the next two years. "We believe there is further upside to the share price, if the company continues to execute its overseas expansion strategy well and build on its growing business presence and network in China and the Middle East," it said in a note. |
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singaporegal
Supreme |
30-Oct-2006 21:09
Yells: "Female TA nut" |
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Inconsistent volumes... sometimes large, sometimes very low. TA people should avoid. |
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Nostradamus
Supreme |
30-Oct-2006 00:47
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It won RMB30.6m worth of new control and automation projects in China. Projects to contribute in FY06, with the bulk of it in FY07. China operations have YTD secured RMB105m worth of orders. It reiterates expectation that China will contribute 40-50% of FY06 revenue. |
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Nostradamus
Supreme |
29-Sep-2006 16:59
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Systems integrator CNA Group was higher after UOBKH reiterated its "buy" recommendation on the stock given its positive prospects, dealers said. The brokerage has a target price of $0.32. CNA recently expanded into the Middle East and into the waste water treatment business in China through unit Beijing Herocan Environmental Engineering Tech, which just secured two wastewater treatment projects worth RMB100m. "The two catalysts for CNA would be its Middle East expansion and the strategic alliance with Herocan," UOBKH analyst Frank Rong said. "With both making good progress, we are looking for more good news flows" for the stock, he said. |
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shine88
Member |
28-Sep-2006 14:49
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so quiet for this stock... |
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Nostradamus
Supreme |
19-Sep-2006 17:14
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It has won a US$6.5m contract to design and build a customised airport special system for a terminal of the New Doha International Airport in Qatar, marking its second project in the Middle East. "We believe that having secured this project, we will be in a stronger position to tap opportunities to provide turnkey airport systems for other airports coming up in the region," CNA president and chief executive Michael Ong said in a statement. |
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moneymatters
Member |
19-Sep-2006 13:09
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CNA Awarded US$6.5 million airport project in Qatar.....go read it on SGX news. Going to buy myself a nice lunch ...enjoy |
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moneymatters
Member |
15-Sep-2006 17:16
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Loaded up today at 0.24 today. Very attractive buy given the number of projects coming up in Middle East, PRC and Singapore. |
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Nostradamus
Supreme |
15-Sep-2006 17:03
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UOBKH has initiated coverage with a target price of $0.32 as it views the company's foray into the lucrative water industry in China positively. CNA has traditionally provided integrated control and automation systems as well as IT solutions for buildings in Singapore and China but has since ventured into China's water treatment industry with the acquisition of a 51% stake in Beijing Herocan Environmental Engineering Tech Co Ltd in May. Earlier this week, Beijing Herocan announced it has secured two wastewater treatment projects in China worth RMB100m. With its expertise in water treatment, CNA could garner more contracts for these type of projects in the Middle East, which it has started penetrating earlier this year, UOBKH said. |
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moneymatters
Member |
12-Sep-2006 14:58
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CNA Group carried out very stringent due dilligence before picking the Herocan acquisition. Directors of the company have between them more than 40 years of experience of doing business in PRC. The synergy & leverage from combining CNA domain expertise in highly complex control and automation waste water treatment projects and Herocan's experience in completing numerous municipal and industrial waste treatment projects will be a force to reckon with. |
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