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Asiatic
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terencefok
Master |
27-Jul-2008 17:00
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Long history for Asiatic. Founded in 1966 as a partnership, did you mean the Asiatic pumps located near Rangoon Road? Last time Asiatic Fire Systems used to sell water pumps to Asiatic Pumps. The present MD used to be a director there too, but not now. As far as I know, that Asiatic does not belong to Asiatic Grp, though they had some business dealings in the past. Major shareholders are the MD, his father and two brothers and his father's brother. This is a family business, shareholders include the Chairman and his two brothers, MD and his two brothers (sons of Chairman), wife of MD |
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adobepie
Member |
27-Jul-2008 09:21
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can anyone advise who're the major shareholders in asiatic....thought they're in the pumps, building services business.. |
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smartrader
Elite |
26-Jul-2008 22:17
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Terence, thanks for the interesting update. Investing in Asiatic must take a medium to long term approach. Now is right time to grow with the company, esp. renewable energy which is unlimited in supply. Conventional energy contributing to environmental problem will have to pay "environmental taxes" in future. Vietnam is indeed forward looking in its planning. |
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terencefok
Master |
26-Jul-2008 00:29
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Asiatic shareholders very quiet, hehe...anyway, Chairman announced that he was passing on the baton to the next generation. They being more capable, ambitious can take th company to its next level. I asked if there were any significant risks with investing in Vietnam now, the MD said that theirs was a different picture. They are into infrastructure, not manufacturing or trading. Short-term, markets move up and down, but medium to long-term, Asiatic will stand to benefit as emerging markets continue with developments. With regards to the 99-year contract in Cambodia, MD said the land (PPSEZ), being 365 ha, had 99 years term, so they just took the full 99 years. Power plants can last for about 20 years so should be ok. Then I casually talked to Chairman about fire-protection, cos my uncle is also in this trade, and they happened to know each other, so Chairman said fire protection will remain stable. But will not expand further, as it is very easy to copy, and might result in intense competition. Power generation was the MD's idea anyway. Anyway, all resolutions passed. We have a new lead independent director now, the previous one has retired. Chairman is now non-exec. director, acting as an advisor to the board. The food was ok, haha...had carrot cake, fried kuay teow, sandwich and soon kueh...delicious :) |
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smartrader
Elite |
24-Jul-2008 23:01
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Terence, only managed to accumulate some at 12cts today.. last 2lots not done ! Hope to hear your assessement after your AGM tomorrow |
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smartrader
Elite |
23-Jul-2008 21:34
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Hydro-power is green energy..cheers! Need to work , so cannot attend. Keep me posted on the AGM..may accumulate more... |
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terencefok
Master |
23-Jul-2008 07:20
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Yup, more good news coming. Recent projects won include a 99 year power supply project in the PPSEZ for a capacity of 10MW, plus the latest 44MW hydropower in Vietnam. Will be going to the AGM on Friday. |
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smartrader
Elite |
13-Jul-2008 21:57
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Terence, weather the storm quite well. In the annual report, it says profits are not affected by fuel price increase as it will be absorbed by the buyer of the power. The company is well-placed for long term's growth. |
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terencefok
Master |
15-Nov-2007 08:18
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Half year results are out. NEt profit jump 95%. Revenue from energy division jump 7 fold due to contributions from 2 power plants. The third one is under construction. When ready, it would benefit Asiatic's bottomline further. Half year EPS 0.6 cents, NAV 9.9 cents Vested at 0.135 |
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luckyfa
Senior |
03-Oct-2007 17:55
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Contra players could have been out by now....company subscripe 2nd trance of $loan from DBZ...When converted to shares and DBZ not sell out yet, could see their holding crossing >5% and become SSH...A real GEM in the energy play.... |
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smartrader
Elite |
29-Sep-2007 18:57
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Terence, thanks. |
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terencefok
Master |
29-Sep-2007 15:54
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The minimum conversion price of 0.22 is pre-rights issue, if you adjust it for rights, it would be 0.08. |
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smartrader
Elite |
29-Sep-2007 15:07
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i guess it is positive as DBZM is an investment coy looking for good deal. but i could not understand the conversion price as it did not go that low. I thought it would be min. $0.22 per share. http://masnet.mas.gov.sg/opera/sdrprosp.nsf/36858ca0bf0879fb48256b4500285a82/4FF851B7F699FA9048257329002C6BFD/$File/Asiatic%20Bond%20OIS_31%20July%202007_Lodgment%20Copy%20_3_.pdf |
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fnulnu
Member |
29-Sep-2007 13:31
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Anyone care to comment on this new development? 28-Sep-2007 22:16:46 The Company wishes to announce that D.B. Zwirn Mauritius Trading Limited and D.B. Zwirn Mauritius Trading No. 3 Limited, in accordance with the terms of the Bond Subscription Agreement, has exercised its right to convert S$400,000 (S$200,000 each) in value of the initial tranche of Bonds with an aggregate value of S$1,000,000, issued by the Company on 8 August 2007 into 3,642,986 new shares (1,821,493 each) of the Company at the conversion price of $0.1098 for each new share. |
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fnulnu
Member |
28-Sep-2007 13:44
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After all the ra-ra, this counter is now dead in the water. |
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smartrader
Elite |
27-Sep-2007 20:54
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Maybe...to pre-empt takeover target.. so need to consolidate control..no basis...hehe 
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luckyfa
Senior |
27-Sep-2007 15:25
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Watching closely at asiatic...2 power plants in operation and another awaiting operation early next year...Core business going strong too....short term player out soon,....it will take off again.... |
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luckyfa
Senior |
27-Sep-2007 13:59
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GM Tan definately see great opportunity in the energy sector in the emerging mkt in cambodia and other countries...Now that son has gain more control of the company, meaning to say that the founder allow his son to bring the company to another new high with vision. Looking at the company mkt float of around 169 million shares and "A big business" ahead wif revenue staring to kickin, this may surprise many later...Today may face selling pressure from yesterday rise but see accumulation at 16.5cts moving in....Hope it will be like another 'OKP' style.....Big business, small mkt float & high share price.... |
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terencefok
Master |
26-Sep-2007 22:01
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Watching this closely, today is definitely too much for a run up. But managing son is getting more control over company, bought from his father and uncle. |
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smartrader
Elite |
26-Sep-2007 21:25
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OK. Insider purchases drove up the prices !!!. Announcements in SGX from 9pm. |
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