Latest Forum Topics / Straco Last:0.45 -- |
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China Tourism Business : Good Potential
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InvestNotTrade
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12-Nov-2013 22:53
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  3Q results ?  Cumulative revenue grew 31.9% to $58.21 million ? Cumulative net profit surged 71.7% to $28.47 million  ? Strong cash balance of $101.15 million
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InvestNotTrade
Member |
05-Nov-2013 14:11
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0.435 now
Results next Tuesday |
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InvestNotTrade
Member |
23-Oct-2013 21:58
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illiquid stock with good fundamentals. wondering is the price rise because of upcoming results and hopefully dividend..?   any comments anyone? haha, hard to find ppl vested in this stock
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limkt009
Veteran |
23-Oct-2013 16:57
![]() Yells: "Watch your front, grab $$$$$ at your own time" |
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Price is 40 now, still moving up slowly |
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Nokita
Senior |
11-Aug-2013 14:15
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Great Fish! http://www.nextinsight.net/index.php/forum/3-sgx-stocks/5735-Straco-gem?start=78#15578 |
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Nokita
Senior |
27-Jul-2013 22:19
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Not a stock for traders who crave price action quickly. This is instead for discerning investors who buy for F.A. and for long-term value.  Straco is 29 cents but worth at least 45 cents.  |
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beidou
Member |
15-May-2013 09:20
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Straco's price shot up to 35 cts yesterday (14May13). Anyone knows of any good news e.g. pending announcement of an acquisition? | ||
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beidou
Member |
05-Apr-2013 10:26
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From NextInsight. Post it here so that the info here will be more complete for tracking purpose.  
This article is republished with permission from NextInsight. 04-Apr ![]() WHILE STRACO CORPORATION has a track record of strong business performance, investors are now asking: When will it make another good acquisition? What is the next project that will take the business to another level? But first, a brief rundown on Straco as it is not exactly a high-profile company on the Singapore Exchange despite the high quality of its business. Straco started life as a public company in 2004 with just one key asset -- the Shanghai Ocean Aquarium that it developed from scratch. It also had a cable car operation in Xi'an but that was not a key revenue contributor. Then in 2007, Straco struck gold with the acquisition of the Xiamen Underwater World, turning the aquarium around remarkably. To date, the Xiamen aquarium has generated cash of around 4X the effective acquisition cost of about S$9 million (S$12.5 million transacted price minus S$3 million cash in the business then). Collectively, the 3 assets have gone on to lift the performance of Straco, the latest result being a 20% rise in revenue in 2012 to S$55.2 million. ![]() The net margin was 35.7%, which firmly places Straco among a small number of Singapore-listed companies with such wonderful profit margins. Straco's business also generates a powerful flow of cash. As at end-2012, it had net cash of S$96 million or about 11.3 cents per share. That means a third of its share price of 31 cents is cash. Its cash builds up in part because its capex doesn't suck up cash. Capex was just about S$1.1 million last year, covering repair and maintenance, and replacement of fish stock, etc. The capex was more than covered by the S$2.7 million in interest income from its cash pile. This year, Straco's cash pile will effortlessly shoot past the $100 million mark -- after taking into account a S$10.5 million dividend payout (1.25 cent a share for FY2012) and possibly some share buyback versus over S$20 million of free cashflow from its business. When will Straco deploy its cash into M& A action which could boost its earnings even more? That question was one of the more compelling ones from analysts during a meeting with CFO Amos Ng last week. ![]() Straco, Amos replied, has evaluated many proposals and opportunities. It, however, has not found one that it would seize. Some time back, for example, an aquarium in China became available for a fraction of the owner's investment cost. Straco decided against buying because it figured that the aquarium would continue to be loss-making for at least a few more years. And the asset would require significant management resources to turn it around, leading to opportunity costs. Neither is starting a greenfield project a walk in the park in China, said Amos. The Chinese will approach many potential business partners to bid for projects. Straco, in turn, has stringent criteria about the profitability potential of what it wants to venture into. But it does have a project that it will soon embark on. It has been deferred for some 10 years already owing to land acquisition issues. This is the Chao Yuan Ge project in Xi'an for which Straco has earmarked an initial US$8 million for development. When ready, the project located on Mt Lishan will boost the number of users of Straco's cable car operation there. It will showcase the culture and unique architectural features from the Tang Dynasty through reconstructed replicas of its major buildings. The project, due to be completed in 2015/2016, will rank among the most important attractions in Xi'an along with the Terracotta Warriors Museum and the Qing Shihuang Mausoleum. |
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focusy
Senior |
23-Mar-2013 16:18
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This one is a gem. 31 cents today, will b worth more   as time goes by and the business grows its cashpile | ||
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beidou
Member |
02-Mar-2013 14:41
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  Not bad, the yield is 4% based on 30cts share price yesterday.   01-Mar        a) revenue for 2012 rose 20% toS$55.2mn b) net attributable profit rose 19% to S$19.73mn c) balance sheet very healthy with net cash of S$95.9mn or about 11.3 cents per share d) EPS for 2012 was 2.32 cents e) NAV for 2012 was 15.6 cents f) DPS for 2012 totaled 1.25 cents comprising a final dividend of 0.75 cents (same as 2011) and a special dividend of 0.5 cents The company gave a very positive outlook for 2013 in its forward looking statement in item 10 |
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beidou
Member |
01-Feb-2013 12:26
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It is 30 cts today. Any comments on this counter? | ||
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beidou
Member |
18-Jan-2013 10:49
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I was impressed by the story in the article below. When I was in Beijing few mths back, every tourist attractions I went,  there were big crowds queuing to buy tickets. A local Chinese friend told me, the potention of tourism in China is huge. I am now vested after reading this article. Anyone else? Would like to  share your view? ___________________________________________________ Written by Kevin Scully (NRA Capital) Sunday, 07 October 2012 12:03
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Nokita
Senior |
27-Dec-2012 17:33
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8 stocks that inspire investor optimism for 2013 Straco Corporation is benefiting from the rise of domestic tourism in China. ![]() |
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lookcc
Master |
28-Feb-2009 03:04
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any country's nationals curbing overseas touring wud probably save than visit own country's tourists' places. | ||
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lookcc
Master |
28-Feb-2009 02:43
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straco. | ||
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lookcc
Master |
28-Feb-2009 02:32
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zero lot done 2day, 200+ qued 2 buy 7 lots qued 2 sell at 7 cts n at 9.5 cts respectively....is it a case of trying 2 push up px 2 sell???? dunno, so better 2 b cautious..... ferrochina n now don't know abt fibrechem's situation.....not a call 2 don't buy or 2 sell....ur $$$, ur choice. | ||
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limkt009
Veteran |
01-Oct-2007 11:14
![]() Yells: "Watch your front, grab $$$$$ at your own time" |
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Starting to move, good china-play stock. |
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limkt009
Veteran |
28-Sep-2007 14:29
![]() Yells: "Watch your front, grab $$$$$ at your own time" |
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So many china shares have moved today, anyone wishing to comment on Straco rding this wave? |
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Pension
Elite |
15-Sep-2007 10:39
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come monday this counter, I think this counter will move up another 2 cents | ||
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Pension
Elite |
14-Sep-2007 16:30
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this counter had been moving up very slowly without you noticing it, any time will cheong. | ||
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