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Fibretech CEO - Next 3 yrs result will be better
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Patkeane
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31-Oct-2013 01:18
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http://www.nextinsight.biz/index.php/forum/3-sgx-stocks/13584-CHINA-FIBRETECH-$0-032-drop-FROM-$0-065
I wonder is SGX reading this ? |
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danger
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25-Oct-2013 10:13
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accumulation now at 3.4c | ||
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danger
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24-Oct-2013 14:57
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The stock is waking up from it's slumber ..... |
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danger
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21-Oct-2013 16:36
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not much .... only making kopi money | ||
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Patkeane
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21-Oct-2013 13:13
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You very hard working leh posting all the old news , u must be holding quite a no of shares ha ha !!! Dun get me wrong I also hope it will rise cause I m invested .........
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danger
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21-Oct-2013 10:42
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Time to load up on this gem !! |
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danger
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21-Oct-2013 10:07
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CEO owns more 50% of the shares in the company ... he will want it to do well | ||
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danger
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21-Oct-2013 10:05
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" I see a pickup in business and expect it to continue for the next three years." : China Fibretech's CEO | ||
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danger
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21-Oct-2013 09:58
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After the management and board had engaged the shareholders' concerns (with mixed success), someone spoke up, saying he was a new shareholder, adding: " I've seen hundreds of companies, many of them from China. I'm a professional investor and have been in the market for 30 years. " What drew me to the company is its conservatism. I accept that cash, share buybacks and dividends are a key consideration for shareholders but if the management doesn't run the company well, those become secondary. After analysing this company, I realise this management understands business cycles. What I read in the prospects section of the annual report indicates that the trend has turned positive. Can we look forward to the company going back to where it was at its IPO in 2008?" Wu Xinhua, the executive chairman and CEO of China Fibretech, which provides dyeing and treatment services that impart special functionalities such as water-resistance and UV-protection to fabrics, replied in Mandarin: " Thank you for appreciating the company. " I see a pickup in business and expect it to continue for the next three years. But it will be difficult to go back up to the peak achieved during our IPO as there are structural changes in the economy -- manufacturing costs have gone up a lot, GDP growth is slower, and manufacturing competitiveness is not as strong as before. A structural change that could work in China Fibretech's favour is China's tightening on environmental pollution. Said Mr Wu: " The local authority is not issuing new licences for this industry and existing operators have to comply with more stringent anti-pollution regulations. Many small ones will be weeded out and this will be beneficial to our company." Commenting on the company's FY12 results, Lim Yoke Hean, currently the CEO of Pheim Asset Management, who became an independent director of China Fibretech in July 2012, noted that revenue had gone down last year (by 63.5% to RMB 48.6 million) but the net loss (RMB 11.6 million) was not a big one and the operating cashflow was in fact positive. " It's quite a big achievement," he said. |
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