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Baker Technology
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It's time to rebound ????
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upnowhere
Senior |
29-Nov-2013 12:16
Yells: "Just want to earn a bit pocket $$$" |
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How long will this counter sleep? zzz..... everyone sleeping in this counter too? | ||||
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danytan
Senior |
06-Nov-2013 18:20
Yells: "Up up and away!" |
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6 November 2013 ? Baker Technology Limited (?Baker Tech? or ?the Group?), a leading manufacturer and provider of specialised marine offshore equipment and services for the oil and gas industry, has reported revenue of S$20.7 million and net profit of S$3.6 million for the three months ended 30 September 2013 (3Q2013). For the nine months ended 30 September 2013 (9M2013), the Group?s revenue was S$67.9 million, and net profit was S$18. 2 million. Net profit decreased compared to the corresponding period in FY2012, due to lower gains on disposals in FY2013. 3Q2013 Performance Group revenue for the quarter was S$20.7 million, a decrease of 5% compared to 3Q2012, and gross profit decreased 18% from S$8.1 million in 3Q2012 to S$6.7 million in 3Q2013. The decrease in gross profit was mainly due to lower margins resulting from a different product mix, and revenue was affected by a general slowdown in order intake which lasted through to the middle of 2013. However, the Group has seen a recovery in its order book due to an improvement in order intake during this quarter. As at end September 2013, the net order book stood at US$55 million, compared to US$33 million as at end June 2013. 9M2013 Performance Group revenue decreased by 17% compared to the corresponding period in FY2012, due to lower recognition of project completion during 9M2013. Administrative expenses were 12% lower at S$5.6 million. Other operating income reduced from S$69.2 million to S$9.6 million, contributing to a net profit of S$18.2 million for 9M2013, compared to S$80.6 million in 9M2012. This is mainly due to lower gains from the disposals of subsidiary / associates in FY2013. The Group recognised a gain of S$8.8 million from the disposal of its stake in Discovery Offshore S.A. in 2Q2013, as compared to gains of S$69.1 million recognised in 9M2012 for the disposal of stakes in PPL Holdings Pte Ltd as well as York Transport Equipment (Asia) Pte Ltd. Group shareholders? funds were S$235.7 million as at 30 September 2013, a reduction from S$268.1 million as at 31 December 2012 but slightly higher than S$232.0 million as at 30 June 2013. The reduction was primarily due to the payment of S$87.2 million in dividends to shareholders, but was partially offset by proceeds from conversion of warrants, and retained profits for the period. Cash and cash equivalents remained strong at S$203.7 million as at 30 September 2013. Outlook The Group foresees its operating environment to remain competitive and challenging for the next 12 months. However, the Group maintains its optimism on the long term fundamentals of the oil and gas industry. The Group?s net order book had increased to US$55 million as at 30 September 2013, and these orders are expected to be completed within the next 12 to 18 months. The Group is also continuing to explore external opportunities to provide additional avenues for growth.
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danytan
Senior |
06-Nov-2013 17:59
Yells: "Up up and away!" |
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http://infopub.sgx.com/FileOpen/BakerTech_3Q2013_MediaRelease.ashx?App=Announcement& FileID=262924 Any views? |
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evahsu
Member |
30-Sep-2013 10:48
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No positive catalyst ahead.Those vested for CD still lose big money. Sell and buy other energy stocks wld be better. |
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WanSiTong
Master |
26-Sep-2013 10:35
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WanSiTong
Master |
19-Sep-2013 11:29
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WanSiTong
Master |
19-Sep-2013 09:53
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Technical BUY with +10.3% potential return Last price: S$0.290 Resistance: S$0.37 Support: S$0.25 BUY with a target price of S$0.32 with tight stops placed below S$0.27. The stock looks poised to continue its rebound as prices have closed above its 200-day EMA and it is also trading near a potential golden cross formation (50- and 200-day EMAs). Its positive directional index has turned up and may continue to rise correspondingly with its ADX, with its Stochastics indicator looking poised to form a bullish hook-up.Firstly, watch to see if the stock could trade above S$0.30. Source : UOBKH
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WanSiTong
Master |
18-Sep-2013 14:35
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Baker rebound ! Huat arh........ | ||||
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WanSiTong
Master |
04-Sep-2013 10:33
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Baker Technology ST: short term rebound towards 0.272
Trading Central | 2013-09-03 23:42:00
Our preference: short term rebound towards 0.272. Our pivot point stands at 0.25. Our preference: short term rebound towards 0.272. Alternative scenario: the downside breakout of 0.25 would call for 0.243 and 0.239. Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.26 and 0.27). Baker Technology is currently trading near its 52 week low at 0.25 reached on 01/11/12. Supports and resistances 
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WanSiTong
Master |
23-Aug-2013 17:27
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Baker Technology ST: the RSI is oversold
Trading Central | 2013-08-20 23:46:00
Our preference: short term rebound towards 0.286. Our pivot point is at 0.253. Our preference: short term rebound towards 0.286. Alternative scenario: the downside breakout of 0.253 would call for 0.245 and 0.239. Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below 
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beginners
Senior |
12-Aug-2013 21:40
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Wait for it to go below 0.25. And will get some to keep. | ||||
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guoyanyunyan
Elite |
05-Aug-2013 12:57
Yells: "uncertainty always exist" |
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Baker Technology's Q2 profit down 82%Baker Technology on Friday said its net profit for the second quarter ended June 30 fell 82% year on year to $11.32 million, with a lower gain on disposal. During the quarter, the marine offshore equipment and services company recognised a gain of $8.86 million from the sale of an associate, compared to a $58.24 million gain on disposal a year ago. Revenue fell 12% year on year to $22.14 million, due to the general slowdown in order intake. (BT) ...last done: $0.270... |
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SFGuyRuleZ
Veteran |
04-Aug-2013 23:54
Yells: "You are your own master.." |
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x 2
x 2 Alert Admin |
Just to clarify further, as I realize forum members may have misunderstood how I get 0.36. Looking at the most recent financial results of Baker, I projected a net income of $0.0144/yr. This is what I base on to get DCF value or intrinsic value of $0.36, by simply dividing 0.0144 by 0.04 (since I assumed steady net income and no growth). $0.36 is definitely not net asset value!! Lastly, please treat what I have shared this weekend as just an example. I really have no idea what Baker Tech's business model is like and whether it would be more or less profitable. Do your own due diligence. Thanks.. =) |
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SFGuyRuleZ
Veteran |
04-Aug-2013 19:31
Yells: "You are your own master.." |
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x 2 Alert Admin |
You should not be so mean.. Everyone is here for knowledge and also to share and learn. I dunno If Bro WanSiTong is wrong in his postings because I never follow for SPH, but even if he is, forum members can point out so we can all learn and benefit at the same time. What is wrong can also be subjective and that's why all can have a good discussion, hear alternative views backed with facts and knowledge, and then everyone can make the best decision for himself/herself. Even professional financial analysts can be wrong because they may be backed by their own confirmation bias.. =)
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vincente
Senior |
04-Aug-2013 19:22
Yells: "hope for the best" |
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Walau yr views are so biased.There are some many episode yet you talk on the wrong one.I am sure you are vested and not making money too. Saw yr SPH posting with mistakes too but I did not mention it until someone pointed out to you.I am small time vested here but do not wish to misled pple.Hehe God bless.
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SFGuyRuleZ
Veteran |
04-Aug-2013 19:20
Yells: "You are your own master.." |
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Just thought of adding on since I have already said so much. Just to share some investment knowledge. Using Baker Tech as an example, assuming the earnings are really stable with no growth (positive or negative), it's intrinsic value is 0.36 with 4% yield. A misconception is that when you pay 0.36 for Baker in this example, you would have no gain, which is incorrect. In the long term if you keep Baker Tech for many years, Baker's share price should appreciate by the annual net income/ share accordingly. When you finally sell Baker's shares in the future, the money value you get would still have a 4% compounded yield. Assuming Singapore's inflation is 3% annually, in the future when you sell off Baker, you would still have a 1% gain of value relatively. But since we are normal retail and passive investors, we should perhaps look more at the dividend payouts and subject it to the same discount factor or yield. I looked at Baker Tech's dividends paid out for the past 3 years and realize that the average dividends handed out is about $0.0175/ year (not including the special dividend). Subjecting it to the same required yield of 0.04 and assuming that 0.0175 is paid out as dividends every year, it would have an intrinsic value of $0.4375. Now I am not promoting Baker Tech as I mentioned before I do not know much about the business or news update of Baker. I am also not vested in Baker. Just thought it was really a good example to share about discounted cash flow valuation and intrinsic value, as well as some investment 101. =) |
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nqing87
Veteran |
04-Aug-2013 19:17
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x 2
x 2 Alert Admin |
dividend is suppose to reward those people who invest long term, not those ppl who buy the stock at last min and to get the dividend.. those that vest long term wouldnt encounter this no gain situation.. for eg, assume i buy it at 26.5 and assume it stagnates.. then during this 1 year period, say the company earn extraordinary big profits via disposal of assets.. then there will be people & insiders who expect dividend to be given out, hence we see buyers & it push price up.. even assuming people doesnt expect news of dividend and we see price continue stagnate, then news suddenly come out & company really give out dividend, say 10cents.. so share price will likely become more than 36.5.. so we can see last min buyer who bought at 36.5 will die, cos after XD, it will likely fall 10cent back, since dividend is 10cent, and they get no net gain.. however, those who invest long term & had got in early even before any news, will not get affected by the XD.. they will still earn net 10cents even after XD when the share price is back to 26.5..
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vincente
Senior |
04-Aug-2013 19:10
Yells: "hope for the best" |
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Yeah look like can drop to 20c if the compy secures less project.
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vincente
Senior |
04-Aug-2013 19:00
Yells: "hope for the best" |
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x 1 Alert Admin |
Agreed.
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SFGuyRuleZ
Veteran |
04-Aug-2013 15:21
Yells: "You are your own master.." |
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What I have stated about intrinsic value of 0.36 is assuming that the current profitable net income now can remain steady in the long run to come. I do not know much about the business of Baker Tech nor did I follow up any news on it. Whether it can remains profitable, more profitable or less profitable, growth potential /loss potential, etc..., think you all will have more information and knowledge than me and thus in a better position to determine the value, price and potential of Baker Tech.. =)
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