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Stock Watch: Sinomem
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des_khor
Supreme |
16-Jul-2010 13:36
Yells: "Tell me who is the God or MFT from this forum??" |
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will try to Q at 0.505....
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des_khor
Supreme |
16-Jul-2010 10:58
Yells: "Tell me who is the God or MFT from this forum??" |
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This one is China or Singapore company ? | ||||
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j3r0m3
Veteran |
16-Jun-2010 10:16
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Resistance at $0.525, break that and next resistance is $0.545 | ||||
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susan66
Master |
16-Jun-2010 00:48
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Yes, you are right, a lot of stocks turn bullish today. Now it really looks good, today's long bar tells us bull is serious this time. Can start buying liao! 
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kiasiDBT
Veteran |
16-Jun-2010 00:42
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Broke upward from a contracting triangle on higher vol... bullish...CHEONG ARH....
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kiasiDBT
Veteran |
15-Jun-2010 10:56
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Broke above 50 liow on high vol
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kiasiDBT
Veteran |
15-Jun-2010 09:50
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Sinomem had intraday broke above the contracting triangle with more buying up.
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susan66
Master |
14-Jun-2010 22:52
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At the moment, it has found the support at around 0.47 but there is no direction yet. It stays within the tight range of 0.47 to 0.50. Although today close a bit higher, the volume are too thin, not much buying interest yet. Still need to see further for confirmation. If the support around 0.46-0.47 can't hold, it may go down fast. So have to wait & monitor if it is able to breakup with volume before making decision to buy.
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kiasiDBT
Veteran |
14-Jun-2010 22:02
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Below info from my dealer regarding the Independent Auditor Report on Sinomem's subsidiary "Reyphon Agriceutical": When this report was prepared, they are still unable to determine whether any adjustments made to it subsidiary (Reyphon Agriceutical) would affect the group's result. Apparently, the subsidiary has certain issues with its internal controls and outstanding matters. Their losses for the year was 641,000. As compared to Sinomem's Q1 profit, this is quite insignificant. You can do a comparison with Sinomem's Q1 profit results.
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kiasiDBT
Veteran |
14-Jun-2010 17:22
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SINOMEM: Achieved 50%, 90% market share in pharma, dyestuff industries http://www.nextinsight.biz/ Written by Andrew Vanburen (China Correspondent) Friday, 11 June 2010 FOR MOST companies, individual orders and contract signings would not ordinarily be headline material. But for Sinomem Technology Ltd (SGX: SINO), a Singapore-based membrane producer for a wide range of applications, each order is worthy of mention, not only for the size of each contract, but also for the rapidly growing number of signings. Six Greater China fund managers attending a recent trip organized by Aries Consulting and Financial PR to six listed firms in Fujian province were given an eye-opening tour by Sinomem management. A major impetus driving Sinomem’s growth has been the strong showing by its wholly-owned China-based unit, Suntar Xiamen, which Sinomem calls its “core subsidiary.” The Fujian province-based firm in the southeast of the country was established in 1996 along with its parent to provide integrated processes and engineering solutions for separation, purification and cleaner production practices in diverse industries via advanced membrane technology. Suntar is based in the port city of Xiamen, a city that on a clear day is within naked-eye sight of outlying Taiwan islands, and is also a short commute of literally hundreds of sprawling factories, many of them funded by Taiwanese investment and all of them worried about how to meet increasingly stringent environmental wastewater treatment standards. Filtration Sensation: Xiamen was the site of a recent visit by six fund managers sponsored by Aries Consulting and Financial PR to Sinomem's membrane manufacturing facilities. Suntar: PRC’s top industrial membrane brand The accomplishments of Sinomem’s core subsidiary are exemplary. “We are striving to be a global leader in the development of advanced membrane technology for water purification, wastewater treatment and cleaner production,” Mr. Lan Chunguang, Vice President of Sinomem Technology Ltd and General Manager of the membrane technology division of the group, told our group of visiting fund managers. Suntar has locked up an over 50% market share for membrane applications in China’s pharmaceutical sector, and an unbeatable 90%+ share of the membrane market serving the country’s massive dyestuff industry. Sinomem 1Q 2010 1Q 2009 % change Revenue (sgd) 32.4 mln 20.9 mln +55% Net profit 6.9 mln 5.0 mln +39% It is also the leading company in China supplying membrane separation technology for fermentation broth, and the top provider of membranes for Nanofiltration (NF). Getting more technical, the company is the leading provider of membrane technology for China’s industries applying UF, NF, continuous IX and chromatography technologies into production of Vitamin C, penicillin and 7-ACA production. Its dyestuff desalinating technology membranes were responsible for rewriting China’s national industry standards, and as the top designer and developer of UF and fermentation processing separation technologies, the company has collected numerous awards and has several national patents under its belt. Finally, due to its market-leading R&D work into membrane cleaning technology, Suntar has contributed 20 different special cleaning agents into the market, all currently used in industrial applications. Practical applications of its myriad technologies are expansive. Sinomem's market cap is 248.2 mln sgd, and its 52-week share price has ranged between 0.19-0.73 sgd, with a current P/E of 9.3x Nearly 500 sets of its patented Flow-Cel UF systems with a total membrane area of up to tens of thousands of square meters have been sold and installed so far, with over 100,000 tons daily handling capacity. In 2007, Suntar upgraded the Flow-Cel system, increasing the effective membrane area by 43% under constant hydraulic conditions, which substantially reduces the client’s investment cost. “Requirements for wastewater and drinking water are getting more and more strict in China. Therefore, water pollution control will remain our main emphasis going forward, and membranes for water treatment are the most promising business growth area for us right now, and we currently give it top priority,” Mr. Lan said. Also, its Nanofiltration (NF) membrane systems, highly suitable for the dyestuff industries as well as desalination applications, have provided over 200 clients at home and abroad with more than 400 spiral wound NF membrane units with total membrane area of 200,000 square meters. Its ceramic membrane technology, as opposed to its polymer membranes, are increasingly being used by China’s big brand milk, juice, spirits, beer and even soy sauce and vinegar distillers. Suntar’s ceramic membranes consist of symmetric porous material made from alumina, zirconia or titania, and offer pore sizes far, far too small to discern with the naked eye (0.01-10 microns). Most Mainland Chinese opening their refrigerators right now would be hard pressed to not find a product inside that at one point may have passed through a Suntar membrane – porcelain or otherwise. Suntar to the Rescue Do Drink the Water: Sinomem Vice President Mr. Lan Chunguang (right) with Mr. Kent Lo, Senior Consultant with Aries Consulting, organizer of a recent site visit for fund managers to Fujian. Photo: Andrew Vanburen Fujian is not only one of China’s most prosperous provinces, but also one of its fastest growing. This growth covers both the GDP and the overall population. So with a still vibrant economy and more people migrating into the province to hitch a ride on the growth, Suntar not only has more potential clients in factories looking to clean up their emissions, but also those entities looking to provide more clean drinking and household use water to the expanding urban populations. But one of the most notable aspects to Suntar’s business, especially in China, is that it is not just ensuring clean water coming into our homes and cleaner wastewater reentering the water table that is driving growth for the business. Its membrane process applications are seemingly endless, having already significantly expanded into the beverage, pharmaceutical, nutriceutical and rosin chemicals sectors. A quick glance at Sinomem’s company profile -- and significant unit Suntar -- is rather difficult because operations so expansive can hardly be absorbed in a quick once-over. But summarizing wherever possible, here is the company’s scope of operations: Do Try This at Home: Suntar's products are not all hidden away in factories. They also make a portable system that ensures potable water straight from the tap. Photo: Bruce Zhang The group, which also includes wholly-owned Singapore-listed subsidiaries Reyphon Agriceutical Ltd (SGX: CZ3) and Pharmesis International Ltd (SGX: PHM), is engaged in the manufacture of polymer membranes, membrane-based processes and development, engineering designs, equipment fabrication, system integration, on-site installation and commissioning, and after-sales technical support services. In addition, it provides wastewater treatment services to municipal and industrial users usually under build-operate-transfer (BOT) arrangements, and engages in the trade of stainless steel and glucose products. It also produces and sells gibberellin (a growth-regulating plant hormone), rosin based chemicals (gum rosin, polymerized rosin, synthetic camphor, etc), xanthan gum, sorbitol and other fermentation-based biochemical products, and also trades nutraceutical products including vitamins. Furthermore, the company is involved in investment holding; purification and distribution of water, including desalination of water; development and manufacture of membrane materials and modules; production, research and development of tubular ceramic membranes; technology development, design, fabrication, and installation of equipment for environmental protection and integrated resource utilization; development and sale of property; construction; and estate management. Sinomem’s Major Water Treatment Deals Cubic meters per day Hubei Yinlu Foods 11,000 Shandong Yinlu Foods 7,200 Shijiazhuang Pharma 6,000 Shandong Fuxin Biotech 4,500 Crown Group (Jordan) 3,500 BH Industrial (Pakistan) 3,000 Xiamen Yinlu Foods 2,700 Klash Private (Pakistan) 2,000 Swire Coca-Cola (Xiamen) 600 Hefei Coca-Cola 600 Additionally, it engages in the manufacture of pharmaceutical ingredients and related products; trade of electronic equipment, software, and technology; development and manufacture of equipment and parts primarily for membrane filtration technology; sale of manufactured equipment and ancillary parts; and provision of installation and commissioning of relevant projects, and technical and consultation services. Finally, it serves the pharmaceutical, nutriceutical, and food and beverage industries. This is the abbreviated company description, actually, with the unabridged version more fitting for a much longer story and a much more patient readership. The company’s extensive line of membrane products helps resolve problems of low yield, poor product quality, high energy consumption, heavy pollution and high operating costs. Sinomem Vice President Mr. Lan Chunguang (second from right), along with Ms. Xiang Zhijing, Accountant (far right), Mr. Hans Jorg Heckmann, Vice President and Ms. He Meifang, Administrative Assistant. Photo: Andrew Vanburen In short, it removes undesirable solutes and particles that have no business coming out the business end of a factory effluence pipe – or wastewater treatment plant. But the company’s technology is also increasingly used to remove excess sugar from drinks so that they can truly be called “Diet Coke,” excess alcohol from spirits so they can remain at the common threshold of 80 proof (ie: 40% alcohol content) and superfluous active ingredients from pharmaceuticals to ensure that final package labeling is 100% accurate. Suntar’s relationship with clients does not end when the fanfare of the contract signing is over and the last membrane had been installed, thus giving a very promising “recurring income” facet to its business. “Around 20% of membrane efficiency is lost within 2-3 years. So users of these products need to either replace or install higher treatment capacity at the outset. In addition, membranes generally have a 5-7 year lifespan,” Mr. Lan said. Thus, Sinomem has a hard time saying goodbye to existing clients, and hopes to have an even easier time saying hello to new ones. Recent stories: SINOMEM: Targeting 40 wastewater deals by 2012 from 12 now KEVIN'S TAKE on ... SINOMEM TECHNOLOGY SINOMEM 'remains under-valued and mispriced' |
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kiasiDBT
Veteran |
14-Jun-2010 17:18
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How bearish does the chart looks like, care to share your chart analysis. Thks a lot
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kiasiDBT
Veteran |
14-Jun-2010 17:15
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Revenue surge lifts Sinomem Q1 gain to $6.9m - Rapid expansion into water treatment business to grow recurrent income base remains a focus - Strong track record and integrated business model position the Group to tap on the immense growth opportunities in China and abroad 14 May 2010 FOR IMMEDIATE RELEASE Sinomem Technology Limited (Sinomem or the Group) has achieved a 39 per cent rise in first-quarter net profit attributable to equity holders to $6.9 million, helped by a 55 per cent surge in revenue to $32.4 million. Our core business and key growth contributors, the membrane process & engineering and water treatment segments, recorded a 41 per cent jump in revenue to $22.8 million. Q1 earnings per share from continuing operations rose to 1.37 cents, from 1.07 cents a year earlier. Sinomem’s managing director Dr Lan Weiguang remains optimistic about the Group’s future expansion plans, said “The global demand for water and wastewater treatment services continues to swell and we see immense opportunities for us to grow both in China and abroad. With our strong track record and integrated business model, we are now well poised to capitalise on these opportunities and develop into a global integrated water solution provider. We expect our recurrent income base to increase when all our BOT projects come on stream, further boosting the robustness of our business model.” ABOUT THE COMPANY www.sinomem.com Sinomem Technology Limited (“Sinomem” or the “Group”) is a global leading “clean” solution provider. It develops advanced membrane materials and processes employed for water and wastewater treatment and environment-friendly production processes in various industries such as pharmaceutical, nutriceutical, food and beverage. The Group is currently the largest membrane solution provider for industrial applications in China. The Group also owns one of the most comprehensive membrane material product portfolio in the world. In the past few years, the Group successfully secured 15 BOT and 3 TOT municipal wastewater treatment projects in China with more than 600,000 ton/day treatment capacity. Water business has recently become the Group’s new core business, replacing traditional membrane process and engineering and biochemical production business as the largest profit contributor. Backed by strong capability in innovative membrane material and process development, the Group is aiming
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kiasiDBT
Veteran |
14-Jun-2010 17:02
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There is nothing mentioned from the sgx announcement (see below) tat reython group which is a subsidary of sinomen is "not very well managed, and the auditor has misgivings on its audit records". Extracted from the sgx announcement on 14th Apr: Unaudited consolidated management accounts of subsidiary used in consolidation As further disclosed in Note 2 to the financial statements, the audit of the financial statements of a 52% owned subsidiary, Reyphon Agriceutical Limited, including its subsidiaries, Jiangxi New Reyphon Biochemical Co., Ltd (“JNR”) and Xi’an Reyphon Chemicals Co., Ltd (collectively known as the “Reyphon Group”) for the financial year ended December 31, 2009 has not been completed as at the date of the issuance of this report due to certain accounting and audit issues, including certain internal control matters, and outstanding matters which have not yet been satisfactorily resolved. Accordingly, management has used the unaudited consolidated management accounts of the Reyphon Group for the purpose of preparing the consolidated financial statements of the group for the financial year ended December 31, 2009. Based on the unaudited consolidated management accounts, the Reyphon Group accounted for $38,440,000, $14,696,000, $24,630,000 and loss for the year of $335,000 and comprehensive loss of $690,000 representing 11%, 5.8%, 19.4%, 1.5% and 4.1% of the group’s total assets, attributable net assets, revenue, attributable profit and attributable total comprehensive income respectively for the financial year ended December 31, 2009. The auditors are unable to determine whether the unaudited consolidated management accounts of the Reyphon Group are suitable for inclusion in the preparation of the consolidated financial statements of the group and whether any adjustments and/or additional disclosures are necessary in respect of the Reyphon Group to be included in the consolidated financial statements of the group. The audit report dated April 13, 2009 on the financial statements of the company and the group for the previous financial year ended December 31, 2008 (“FY 2008”) was qualified for the same reason as set out in the preceding paragraph. Qualified opinion on the Reyphon Group for FY 2008 The audit report dated April 27, 2009 on the financial statements of the Reyphon Group for FY 2008 was qualified in relation to revenue and trade receivables and payable of JNR as more fully described in Note 43 to the financial statements. These matters relating to JNR have not been resolved as of the date of this report. Accordingly, the auditors are unable to determine whether any adjustments to the financial statements of the Reyphon Group for December 31, 2008 would affect the group’s results, financial position, changes in equity and cash flows for the financial year ended December 31, 2009.
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susan66
Master |
14-Jun-2010 01:21
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Whatever the reason, I don't think it's time to buy now, chart looks bearish. If break 0.475, better stay out first, might drop further, don't see any bottom yet! 
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greenrookie
Member |
14-Jun-2010 00:21
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Hi guys, I am looking to buy into this stock, but the auditor comments(from Deloitte) on reython group worries me. It seems that reython group which is a subsidary of sinomen is not very well managed, and the auditor has misgivings on its audit records, refer to sgx announcements dated 14 april. Its assets and liability make up roughly 10 % of the group assets and liabilities, I am worried that the liabilities might be increased since proper auditing of the group is now done... Anyone any comments, please trend carefully.... |
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dragonpnk
Member |
10-May-2010 22:48
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Strong come back with 5.9% increase from 0.51 to close at 0.54 + 0.03. % increase is the highest among peers within the water industries. Expecting another strong run tomorrow, if DOW could continue it's upward momentum and no bad news coming out tonight. Strong fundamental, profitable FY09, dividend book closure (19 May), and upbeat market conditions --> strong rebound expected. Market remains unstable. Partial resolution for Greece....what about Portugal and Spain. More bad news to come....??? Invest wisely and Happy trading, |
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dragonpnk
Member |
06-May-2010 11:30
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Broke all the support levels: 14d, 50d and even 200d MA. Looks bad, uphill (or "up-mountain"..haha) task to regain previous price level > 0.60. With Greece, Portugal and Spain debt problem, I'd expect more bad news in days to come. Will stay on the side line and observe.....still can't see the light at the end of the tunnel. |
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battouchai
Member |
05-May-2010 08:42
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Auditors of Reyphon Agriceutical have qualified their opinion on the company’s FY09 results.... sigh!!!!!!!!! |
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dragonpnk
Member |
05-May-2010 07:45
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SINOMEM TECHNOLOGY LIMITED (Company Registration No. 200208107G) Incorporated in the Republic of Singapore NOTICE OF BOOKS CLOSURE DATE At the Annual General Meeting of Sinomem Technology Limited (the “Company”) held on 29 April 2010 at 3.00 p.m., the Company’s shareholders (“Shareholders”) had approved the payment of one-tier tax exempt final dividend of S$0.01 per share (“Dividends”) for the financial year ended 31 December 2009. Payment for the Dividends shall be made on 11 June 2010. NOTICE IS HEREBY GIVEN Company will be closed at 5 p.m. (Singapore time) on 19 May 2010 (the “Books Closure Date”) for the purpose of determining the entitlements of the Shareholders for the
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dragonpnk
Member |
03-May-2010 17:15
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Stocks took brutal beatings today or lau sai (as what battouchai called it).....very siong. "U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.31 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.3 percent"...IBTimes. Hope this counter will recover some of the losses tomorrow. |
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