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cement-mix/ property stock trading below nav
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mike8057d
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10-Oct-2007 11:27
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sometimes gut feel is more accurate than all those bull shit analysis. The stock analyst can say what they want, it is still a projection. If they know what will happen, then they don't have to be here telling us what to invest. |
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soyabean
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10-Oct-2007 00:00
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agreed. switched out of china energy and midas to buy more at 0.58 sometime back |
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hlayar
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26-Sep-2007 15:19
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Gut feeling that it has find stability at 58 and ready to spike up new high. Just gut feeling. No fundamental. |
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hlayar
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16-Aug-2007 10:28
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Trailing overall martket, San Teh seems to be holding up really well. I ownder who did that one lot thing, making sure the price stay above certain level. Cme to think of it, if everyone were to join hands and do that one-log-thing, even the blue chips will not be down so much? Or is it the stronger downward force must be weaker than the upward force. |
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soyabean
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28-Jul-2007 23:36
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Holding up relatively well in these past few days of market weakness. Wonder how next week will go. |
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soyabean
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16-Jul-2007 12:33
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Yes I certainly hope the day will come for people to notice this severely laggard stock. For me, my holdings are usually classified into trading or holding counters. This happens to be my core holding counter. I usually do not have much time at work to consistently do short term trading as well. |
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hlayar
Senior |
16-Jul-2007 12:11
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Soyabean, people now selling off the recent 10% run up. Did you? |
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hlayar
Senior |
15-Jul-2007 13:06
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This company has always been ignore largely as there is no media or analyst coverage. While many companies, especially the China linked ones are busily engaging PR companies to increase publicity about their companies, San Teh remains quite and does not even bother to do such thing. I certainly hope it will trade above valuation once interest kicks in. |
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soyabean
Member |
14-Jul-2007 12:50
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Hi Hlayar, San Teh's operations is predominantly in China. It is headquartered in Singapore as it started off doing rubber business in 1979 or so. It diversified into other business along the way. So effectively, it is very much a China play as well. China stocks in mainland China itself are lofty, but that doesn't apply to S-shares or H-shares. Much less definitely not San Teh. But that said, this is not one of those fast moving stocks, and this is one of the major disadvantages of holding the stock. I have more preference towards un-noticed or cheap counters that are worthy instead of trying to riding the wave with growth stocks. Ultimately, we do not know when the wave will subside in the first place. |
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hlayar
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12-Jul-2007 17:29
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I am with soyabean. Just wonder if San Teh has the business fully in China/Greater China or also have business in Singapore too, much like HL Asia? |
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soyabean
Member |
12-Jul-2007 16:16
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For a start, San Teh is in the business of building material such as cement, PVC pipes, fittings, etc. On top of that, it also engages in hotel/ property and leisure related activities. San Teh also produces high-grade Portland cement in Fujian's "Golden Delta" of Zhangzou, Xiamen and Quanzhou. This sounds like a perfectly fitting combination to me. Comparing similar business listed on SGX, San Teh's low price-to-book of 0.76 currently is simply amazing.That's as if saying we are believing a business like San Teh which has existed for more than 15 years under Taiwanese turned Singaporean entrepreneur Kao Shin Ping is not worth at least its book value. The PTB ratio for Pan United is 2.48 and Engro, 1.08. Even HL Asia which recently clinched a contract to supply ready-mix concrete to Marina Bay sands is trading at PTB of 3.28. Looking at San Teh's financial results for 06, turnover rose 13% but net profit gained 84% instead. The next FY I do not think there will be a drastic change in fundamentals. If you look at their turnover, pbt and eps over the last 5 years you will get what I mean. Now, San Teh has revealed its intention to be listed in China sometime in May, to support its expansion into PRC. No doubt the IPO is targeting 2008, what do you think the effect would be? |
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mike8057d
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12-Jul-2007 11:25
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what is the target price? |
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hlayar
Senior |
11-Jul-2007 19:17
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Yes! Yes! But can I keep this satay in the fridge for consumption later on? I worry the day when bird flu come again and chicken in arre supply and saty price goes up above usual price. |
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soyabean
Member |
11-Jul-2007 16:44
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Anyone interested in satay? cheap satay selling at 22% below its cost price! |
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