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HANKOREcontinuation wedge(bullish)target 6-7c soon Post Reply Rate topic
Lucky03 Veteran	09-Sep-2013 12:22        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buy and Sell volume are at least genuine today and not fake ones that disappeared suddenly to distort the interest level.
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cccx123 Veteran	09-Sep-2013 11:06        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tritech, AP strategic, what else.. Feeling sick..
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Polarbear55 Member	08-Sep-2013 22:28        Polarbear55 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stormy week ahead! 🌊 😝
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cccx123 Veteran	08-Sep-2013 21:23        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yea, thanks for sharing. :) I suppose the total operating  profit in the near future might be slightly  affected due to the need to gradually write off/down the goodwill and intangibles  portion of assets. Lucky03      ( Date: 08-Sep-2013 18:04) Posted: Got to invest some time to monitor the performance of this stock and its Q to Q and Q on Q trend so that we are not just fooling ourselves into false hope. Created a simple spreadsheet to help generate the Q2 and Q4 results as they tend to sum them as 1H and FY at the 2Qs. Not easy to track as there are many leeway for asset and goodwill recognition treatment that can swing its reporting. Hankore stated in its FY13 result announcement as follow which could explain the dip in operating revenue - 'The Group received less discharge fees as compared to FY2012 because of the pipeline modification work that was ongoing in Xianyang plant as part of the phase two construction, which affected the water receiving volume temporarily.' cccx123      ( Date: 08-Sep-2013 17:14) Posted: Wow.. You spent your weekend doing this? Something about this stock really gets into you eh.. Good numbers, though it would appear strange that operating earnings can experience such wild fluctuations despite the income coming directly and mostly fixed from the PRC government. Unless of course, during certain periods of the year, the Chinese industry use less water..or the PRC provincial governments have different financial practices. Not very sure.. There should be a rally this week due to the trade surplus data. Keeping my fingers crossed.
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Lucky03 Veteran	08-Sep-2013 18:04        Lucky03 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Got to invest some time to monitor the performance of this stock and its Q to Q and Q on Q trend so that we are not just fooling ourselves into false hope. Created a simple spreadsheet to help generate the Q2 and Q4 results as they tend to sum them as 1H and FY at the 2Qs. Not easy to track as there are many leeway for asset and goodwill recognition treatment that can swing its reporting. Hankore stated in its FY13 result announcement as follow which could explain the dip in operating revenue - 'The Group received less discharge fees as compared to FY2012 because of the pipeline modification work that was ongoing in Xianyang plant as part of the phase two construction, which affected the water receiving volume temporarily.' cccx123      ( Date: 08-Sep-2013 17:14) Posted: Wow.. You spent your weekend doing this? Something about this stock really gets into you eh.. Good numbers, though it would appear strange that operating earnings can experience such wild fluctuations despite the income coming directly and mostly fixed from the PRC government. Unless of course, during certain periods of the year, the Chinese industry use less water..or the PRC provincial governments have different financial practices. Not very sure.. There should be a rally this week due to the trade surplus data. Keeping my fingers crossed.. Lucky03      ( Date: 08-Sep-2013 00:25) Posted: Hope the following tables that I consolidated helpful, esp for visibility of Q4 result. Can see that Tongyong acquisition has been factored in Q4 result. Rev for Q4 jumped from RMB44m (FY12) to RMB142m (FY13). Cost of Sales also risen faster than Revenue in Q4 due to the higher cost for construction projects. It is difficult to analyse the financial book of Hankore because of the (lee)ways for accounting of amortization, write-off, wtrite-back, revenue recognised for disposal of concession rights, provision for patent recognition, treatment of goodwill of RMB90.05m for the acquisition of Tongyong, etc. I find Hankore management eagerness to illustrate how well they did by justifying that profit would have increasaed 199% under 'normal operating activities' if exclude exceptional items and then highlighting profit margin of 70% if excluding construction activities complicate appreciation of their performance. Hopefully some professional analysts can help by issuing coverage of the FY13 result soon. Worth noting in the report that : Six plants(i.e. KunShan, LianYunGang, XianYang, YangZhou, Nanjing Pukou and Nanjing Liuhe)obtained approval of increase in water tariff in the past 12 months additional fees income from operation will provide the Group with stable cash inflow. and their forecast : Since 2008, when the world economy is in its downturn, the Government has invested a total of RMB4 trillion, thus triggering economic bubbles in China, which has brought uncertainty to the current economic development. The capital shortage, whether in the market or in the banking industry, has not yet been relieved, a situation that has led to the deepened integration of the water industry in investment. This has actually brought an opportunity to the enterprises with outstanding operations management abilities and extensive financing channels. As a new prominent player in this industry, with more than two years since its reorganization, HanKore Environment Tech Group Ltd. has won universal praise by integrating assets and improving operations management abilities. Together with its sufficient preparations for the construction of financing channels, HanKore is bound to have a brighter future if it can take this historical opportunity. FY13-Q1 FY13 1H FY13-Q2 FY13-Q3 FY13-FY FY13-Q4 Revenue 89,331 146,675 57,344 80,375 369,131 142,081 Cost Of Sales (56,826) (85,030) (28,204) (40,188) (203,272) (78,054) Gross Profit 32,505 61,645 29,140 40,187 165,859 64,027 Other Income 3,849 6,404 2,555 14,001 34,776 14,371 Other Operating Income 0 20,000 20,000 0 20,000 0 Administrative Expenses (12,144) (25,854) (13,710) (10,131) (54,164) (18,179) Other Operating Expenses (552) (1,557) (1,005) (1,464) (13,784) (10,763) Operating Profit 23,658 60,638 36,980 42,593 152,687 49,456 Finance Income 46 85 39 32 376 259 Finance Expenses (10,914) (23,311) (12,397) (10,595) (47,120) (13,214) Profit/(Loss) Before Tax 12,790 37,412 24,622 32,030 105,943 36,501 Income Tax (585) (611) (26) (194) (6,478) (5,673) Net Profit 12,205 36,801 24,596 31,836 99,465 30,828 FY12-Q1 FY12 1H FY12-Q2 FY12-Q3 FY12-FY FY12-Q4 Revenue 75,264 135,380 60,116 65,595 245,361 44,386 Cost Of Sales (44,285) (76,045) (31,760) (35,621) (126,606) (14,940) Gross Profit 30,979 59,335 28,356 29,974 118,755 29,446 Other Income 6,810 7,841 1,031 2,321 18,665 8,503 Other Operating Income 10,000 10,000 0 0 72,402 62,402 Administrative Expenses (13,994) (24,657) (10,663) (12,074) (50,632) (13,901) Other Operating Expenses (2,276) (3,013) (737) (2,647) (17,310) (11,650) Operating Profit 31,519 49,506 17,987 17,574 141,880 74,800 Finance Income 24 101 77 18 139 20 Finance Expenses (8,628) (17,488) (8,860) (9,591) (37,892) (10,813) Profit/(Loss) Before Tax 22,915 32,119 9,204 8,001 104,127 64,007 Income Tax 191 251 60 0 (1,484) (1,735) Net Profit 23,106 32,370 9,264 8,001 102,643 62,272 Q1 1H Q2 Q3 FY Q4 Revenue 19% 8% -5% 23% 50% 220% Cost Of Sales 28% 12% -11% 13% 61% 422% Gross Profit 5% 4% 3% 34% 40% 117% Other Income -43% -18% 148% 503% 86% 69% Other Operating Income -100% 100% #DIV/0! #DIV/0! -72% -100% Administrative Expenses -13% 5% 29% -16% 7% 31% Other Operating Expenses -76% -48% 36% -45% -20% -8% Operating Profit -25% 22% 106% 142% 8% -34% Finance Income 92% -16% -49% 78% 171% 1195% Finance Expenses 26% 33% 40% 10% 24% 22% Profit/(Loss) Before Tax -44% 16% 168% 300% 2% -43% Income Tax -406% -343% -143% #DIV/0! 337% 227% Net Profit -47% 14% 166% 298% -3% -50%
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cccx123 Veteran	08-Sep-2013 17:14        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow.. You spent your weekend doing this? Something about this stock really gets into you eh.. Good numbers, though it would appear strange that operating earnings can experience such wild fluctuations despite the income coming directly and mostly fixed from the PRC government. Unless of course, during certain periods of the year, the Chinese industry use less water..or the PRC provincial governments have different financial practices. Not very sure.. There should be a rally this week due to the trade surplus data. Keeping my fingers crossed.. Lucky03      ( Date: 08-Sep-2013 00:25) Posted: Hope the following tables that I consolidated helpful, esp for visibility of Q4 result. Can see that Tongyong acquisition has been factored in Q4 result. Rev for Q4 jumped from RMB44m (FY12) to RMB142m (FY13). Cost of Sales also risen faster than Revenue in Q4 due to the higher cost for construction projects. It is difficult to analyse the financial book of Hankore because of the (lee)ways for accounting of amortization, write-off, wtrite-back, revenue recognised for disposal of concession rights, provision for patent recognition, treatment of goodwill of RMB90.05m for the acquisition of Tongyong, etc. I find Hankore management eagerness to illustrate how well they did by justifying that profit would have increasaed 199% under 'normal operating activities' if exclude exceptional items and then highlighting profit margin of 70% if excluding construction activities complicate appreciation of their performance. Hopefully some professional analysts can help by issuing coverage of the FY13 result soon. Worth noting in the report that : Six plants(i.e. KunShan, LianYunGang, XianYang, YangZhou, Nanjing Pukou and Nanjing Liuhe)obtained approval of increase in water tariff in the past 12 months additional fees income from operation will provide the Group with stable cash inflow. and their forecast : Since 2008, when the world economy is in its downturn, the Government has invested a total of RMB4 trillion, thus triggering economic bubbles in China, which has brought uncertainty to the current economic development. The capital shortage, whether in the market or in the banking industry, has not yet been relieved, a situation that has led to the deepened integration of the water industry in investment. This has actually brought an opportunity to the enterprises with outstanding operations management abilities and extensive financing channels. As a new prominent player in this industry, with more than two years since its reorganization, HanKore Environment Tech Group Ltd. has won universal praise by integrating assets and improving operations management abilities. Together with its sufficient preparations for the construction of financing channels, HanKore is bound to have a brighter future if it can take this historical opportunity. FY13-Q1 FY13 1H FY13-Q2 FY13-Q3 FY13-FY FY13-Q4 Revenue 89,331 146,675 57,344 80,375 369,131 142,081 Cost Of Sales (56,826) (85,030) (28,204) (40,188) (203,272) (78,054) Gross Profit 32,505 61,645 29,140 40,187 165,859 64,027 Other Income 3,849 6,404 2,555 14,001 34,776 14,371 Other Operating Income 0 20,000 20,000 0 20,000 0 Administrative Expenses (12,144) (25,854) (13,710) (10,131) (54,164) (18,179) Other Operating Expenses (552) (1,557) (1,005) (1,464) (13,784) (10,763) Operating Profit 23,658 60,638 36,980 42,593 152,687 49,456 Finance Income 46 85 39 32 376 259 Finance Expenses (10,914) (23,311) (12,397) (10,595) (47,120) (13,214) Profit/(Loss) Before Tax 12,790 37,412 24,622 32,030 105,943 36,501 Income Tax (585) (611) (26) (194) (6,478) (5,673) Net Profit 12,205 36,801 24,596 31,836 99,465 30,828 FY12-Q1 FY12 1H FY12-Q2 FY12-Q3 FY12-FY FY12-Q4 Revenue 75,264 135,380 60,116 65,595 245,361 44,386 Cost Of Sales (44,285) (76,045) (31,760) (35,621) (126,606) (14,940) Gross Profit 30,979 59,335 28,356 29,974 118,755 29,446 Other Income 6,810 7,841 1,031 2,321 18,665 8,503 Other Operating Income 10,000 10,000 0 0 72,402 62,402 Administrative Expenses (13,994) (24,657) (10,663) (12,074) (50,632) (13,901) Other Operating Expenses (2,276) (3,013) (737) (2,647) (17,310) (11,650) Operating Profit 31,519 49,506 17,987 17,574 141,880 74,800 Finance Income 24 101 77 18 139 20 Finance Expenses (8,628) (17,488) (8,860) (9,591) (37,892) (10,813) Profit/(Loss) Before Tax 22,915 32,119 9,204 8,001 104,127 64,007 Income Tax 191 251 60 0 (1,484) (1,735) Net Profit 23,106 32,370 9,264 8,001 102,643 62,272 Q1 1H Q2 Q3 FY Q4 Revenue 19% 8% -5% 23% 50% 220% Cost Of Sales 28% 12% -11% 13% 61% 422% Gross Profit 5% 4% 3% 34% 40% 117% Other Income -43% -18% 148% 503% 86% 69% Other Operating Income -100% 100% #DIV/0! #DIV/0! -72% -100% Administrative Expenses -13% 5% 29% -16% 7% 31% Other Operating Expenses -76% -48% 36% -45% -20% -8% Operating Profit -25% 22% 106% 142% 8% -34% Finance Income 92% -16% -49% 78% 171% 1195% Finance Expenses 26% 33% 40% 10% 24% 22% Profit/(Loss) Before Tax -44% 16% 168% 300% 2% -43% Income Tax -406% -343% -143% #DIV/0! 337% 227% Net Profit -47% 14% 166% 298% -3% -50%
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Lucky03 Veteran	08-Sep-2013 16:55        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	China Trade Rebounds in Further Sign Economy Stabilizing By Bloomberg News September 08, 2013 2:34 AM EDT China?s exports increased more than estimated in August, adding to evidence the world?s second-largest economy is rebounding after a two-quarter slowdown. Overseas shipments rose 7.2 percent from a year earlier, the General Administration of Customs said in Beijing today. That compares with the 5.5 percent median estimate of 46 economists surveyed by Bloomberg News and July?s 5.1 percent gain. Imports (CNFRIMPY) rose a less-than-estimated 7 percent from a year earlier, leaving a trade surplus of more than $28 billion. China?s economy is showing signs of picking up after the government announced support measures such as tax cuts for small businesses and extra spending on railways, and as confidence returns after the interbank cash squeeze in June. Improvements in developed nations may support exports in coming months, with the euro-area returning to growth in the second quarter after a record-long recession. ?We?re clearly seeing stronger external demand momentum as manufacturing in the U.S. and European Union recover and that?s going to become a stronger driver of China?s growth,? said Xu Gao, chief economist with Everbright Securities Co. in Beijing, who previously worked for the World Bank. ?But if policy makers in China see this recovery as meaning they don?t need to add stimulus domestically or even withdraw stimulus, that could be bad news.? Clearer Picture Xu, who last week raised his 2013 full-year economic growth estimate for China to 7.6 percent from 7.5 percent, said the moderation in momentum suggested in the August import numbers may temper optimism about the strength of domestic demand. August data for consumer and producer prices will be released tomorrow, followed by industrial output, retail sales and January-August fixed-asset investment on Sept. 10 that will give a clearer picture of the extent of the economic rebound that started in July. The People?s Bank of China will also give August lending, money supply and aggregate financing numbers this week. The increase in August inbound shipments trailed the 11.3 percent median projection in a Bloomberg survey of 45 analysts and was lower than July?s 10.9 percent jump. Estimates ranged from a gain of 5 percent to 15 percent. The slowdown ?reflects the weak economic recovery domestically,? said Hu Yifan, chief economist at Haitong International Securities Group in Hong Kong. ?But we expect the trend to reverse in coming months, along with rising demand, on a series of supportive policies? announced by the government, she said. Japan Decline Exports to the U.S., China?s biggest market, and the European Union, its second-largest, rose for a second month in August after a four-month drop, today?s data showed. Sales to the U.S. increased 6.1 percent from a year earlier, while those to the EU gained 2.5 percent. Exports to Japan declined for the seventh straight month, falling 2.2 percent from a year earlier. The U.S. Federal Reserve said last week that the world?s biggest economy maintained a ?modest to moderate? pace of expansion, and a manufacturing index from the Institute for Supply Management rose to a two-year high. In the euro area, an index of services and factory output for August climbed to the highest level since June 2011 and economic confidence jumped to a two-year high. Improvements in overseas demand are helping Chinese exporters such as JinkoSolar Holding Co. based in Shangrao, Jiangxi province, which shipped 62 percent more panels in the second quarter than a year earlier. The company also raised its shipment forecast for 2013, Chief Executive Officer Chen Kangping said on an Aug. 14 earnings call. Maintain Confidence Goldman Sachs Group Inc. last week raised its estimate for China?s economic growth in the third and fourth quarters, citing improving global demand and a stronger-than-expected domestic industrial recovery. JPMorgan Chase & Co., Deutsche Bank AG and Credit Suisse Group AG also raised their growth forecasts over the past month, bolstering confidence Premier Li Keqiang will meet the government?s 7.5 percent target for expansion this year. Chinese leaders are seeking to maintain confidence in the nation?s economy and growth prospects. Speaking at a summit of leaders from the Group of 20 nations in St. Petersburg, Russia last week, President Xi Jinping said China?s ?economic fundamentals are sound? and that the government chose slower growth to focus on structural reforms hindering long-term development. Li said last week the government can meet its economic goals this year. Shanghai Reforms In addition to speeding up investment in infrastructure such as railways and subways, the government has cut taxes, boosted support for industries including energy conservation, environmental protection, technology and health. The State Council in July approved a free trade zone in Shanghai to trial economic and financial reforms targeted at services industries. The central bank has also reined in yuan appreciation to help exporters. The Chinese currency increased only about 0.3 percent against the U.S. dollar in the past three months, slowing from a gain of about 1.5 percent in the first half of the year and about 2 percent in the second half of last year. China?s trade surplus in August was $28.61 billion, according to a customs administration statement today while a separate table put the excess at $28.52 billion. Calls to the agency?s press office today to clarify the discrepancy weren?t answered. The January-to-August trade surplus widened 28 percent from a year earlier to $154.2 billion, according to today?s data, and was the highest for that period since 2007. The pickup in the surplus suggests that appreciation pressure on the yuan will continue, economists Liu Li-Gang and Hao Zhou at Australia & New Zealand Banking Group Ltd. (ANZ) said in a note after the release. Even so, with turbulence in emerging market economies, especially India and Indonesia, the central bank is likely to maintain stability of the exchange rate, they wrote.
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Lucky03 Veteran	08-Sep-2013 15:47        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was hesitating if I should just buy from seller at 5.3c when somebody just took all 13.5m of the sell q and there after added another 16m to buy q around 4pm ! Yes, that is good enough for me that Hankore may have another attempt to rally next week. spathway      ( Date: 08-Sep-2013 15:07) Posted: Have a feeling Hankore is going for another ride this week.
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spathway Member	08-Sep-2013 15:07        spathway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have a feeling Hankore is going for another ride this week.
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Lucky03 Veteran	08-Sep-2013 11:53        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	China Trade Rebounds in Further Sign Economy Stabilizing By Bloomberg News September 07, 2013 10:30 PM EDT China?s exports increased more than estimated in August, helping the government?s efforts to sustain an economic rebound. Overseas shipments rose 7.2 percent from a year earlier, the General Administration of Customs said in Beijing today. That compares with the 5.5 percent median estimate of 46 economists surveyed by Bloomberg News and July?s 5.1 percent gain. Imports rose a less-than-estimated 7 percent from a year earlier, leaving a trade surplus of more than $28 billion. China?s economy is showing signs of picking up after the government announced support measures such as tax cuts for small businesses and extra spending on railways, and as confidence returns after the interbank cash squeeze in June. Improvements in developed nations may support exports in coming months, with the euro-area returning to growth in the second quarter after a record-long recession. Trade ?sustained the upward trend seen since July, in line with accelerating growth momentum and improving market sentiment, pointing to an upside bias? in third-quarter economic growth, economists Liu Li-Gang and Zhou Hao at Australia & New Zealand Banking Group Ltd. said in a note after the release. ?In value terms, China?s exports hit the highest level this year, suggesting that the external demand has picked up.? Chinese officials including Premier Li Keqiang are seeking to maintain confidence, saying that the nation will achieve its 7.5 percent goal for growth this year. Yuan Pressure The yuan has gained more than 3.6 percent against the dollar over the past 12 months, compared with a decline of more than 21 percent for the yen, adding to pressure on Chinese exporters. At the same time, China?s currency increased only about 0.3 percent in the past three months, slowing from the pace of appreciation in previous months. Earlier this year, the nation?s export figures were inflated by fake shipments used to disguise capital flows. Commerce Minister Gao Hucheng said last week China?s exports and imports (CNFRIMPY) will rebound in coming months on a stronger recovery in developed countries, according to an interview he gave to Chinese media at the G-20 summit in Russia. Improvements in overseas demand are helping Chinese exporters such as JinkoSolar Holding Co. based in Shangrao, Jiangxi province, which shipped 62 percent more panels in the second quarter than a year earlier. The company also raised its shipment forecast for 2013, Chief Executive Officer Chen Kangping said on an Aug. 14 earnings call. The National Bureau of Statistics will release August inflation and producer-price data at 9:30 a.m. local-time tomorrow, followed by industrial production and retail sales, and January-to-August fixed-asset investment on Sept. 10. The central bank will give lending and money-supply figures for August this week.
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Lucky03 Veteran	08-Sep-2013 00:25        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope the following tables that I consolidated helpful, esp for visibility of Q4 result. Can see that Tongyong acquisition has been factored in Q4 result. Rev for Q4 jumped from RMB44m (FY12) to RMB142m (FY13). Cost of Sales also risen faster than Revenue in Q4 due to the higher cost for construction projects. It is difficult to analyse the financial book of Hankore because of the (lee)ways for accounting of amortization, write-off, wtrite-back, revenue recognised for disposal of concession rights, provision for patent recognition, treatment of goodwill of RMB90.05m for the acquisition of Tongyong, etc. I find Hankore management eagerness to illustrate how well they did by justifying that profit would have increasaed 199% under 'normal operating activities' if exclude exceptional items and then highlighting profit margin of 70% if excluding construction activities complicate appreciation of their performance. Hopefully some professional analysts can help by issuing coverage of the FY13 result soon. Worth noting in the report that : Six plants(i.e. KunShan, LianYunGang, XianYang, YangZhou, Nanjing Pukou and Nanjing Liuhe)obtained approval of increase in water tariff in the past 12 months additional fees income from operation will provide the Group with stable cash inflow. and their forecast : Since 2008, when the world economy is in its downturn, the Government has invested a total of RMB4 trillion, thus triggering economic bubbles in China, which has brought uncertainty to the current economic development. The capital shortage, whether in the market or in the banking industry, has not yet been relieved, a situation that has led to the deepened integration of the water industry in investment. This has actually brought an opportunity to the enterprises with outstanding operations management abilities and extensive financing channels. As a new prominent player in this industry, with more than two years since its reorganization, HanKore Environment Tech Group Ltd. has won universal praise by integrating assets and improving operations management abilities. Together with its sufficient preparations for the construction of financing channels, HanKore is bound to have a brighter future if it can take this historical opportunity. FY13-Q1 FY13 1H FY13-Q2 FY13-Q3 FY13-FY FY13-Q4 Revenue 89,331 146,675 57,344 80,375 369,131 142,081 Cost Of Sales (56,826) (85,030) (28,204) (40,188) (203,272) (78,054) Gross Profit 32,505 61,645 29,140 40,187 165,859 64,027 Other Income 3,849 6,404 2,555 14,001 34,776 14,371 Other Operating Income 0 20,000 20,000 0 20,000 0 Administrative Expenses (12,144) (25,854) (13,710) (10,131) (54,164) (18,179) Other Operating Expenses (552) (1,557) (1,005) (1,464) (13,784) (10,763) Operating Profit 23,658 60,638 36,980 42,593 152,687 49,456 Finance Income 46 85 39 32 376 259 Finance Expenses (10,914) (23,311) (12,397) (10,595) (47,120) (13,214) Profit/(Loss) Before Tax 12,790 37,412 24,622 32,030 105,943 36,501 Income Tax (585) (611) (26) (194) (6,478) (5,673) Net Profit 12,205 36,801 24,596 31,836 99,465 30,828 FY12-Q1 FY12 1H FY12-Q2 FY12-Q3 FY12-FY FY12-Q4 Revenue 75,264 135,380 60,116 65,595 245,361 44,386 Cost Of Sales (44,285) (76,045) (31,760) (35,621) (126,606) (14,940) Gross Profit 30,979 59,335 28,356 29,974 118,755 29,446 Other Income 6,810 7,841 1,031 2,321 18,665 8,503 Other Operating Income 10,000 10,000 0 0 72,402 62,402 Administrative Expenses (13,994) (24,657) (10,663) (12,074) (50,632) (13,901) Other Operating Expenses (2,276) (3,013) (737) (2,647) (17,310) (11,650) Operating Profit 31,519 49,506 17,987 17,574 141,880 74,800 Finance Income 24 101 77 18 139 20 Finance Expenses (8,628) (17,488) (8,860) (9,591) (37,892) (10,813) Profit/(Loss) Before Tax 22,915 32,119 9,204 8,001 104,127 64,007 Income Tax 191 251 60 0 (1,484) (1,735) Net Profit 23,106 32,370 9,264 8,001 102,643 62,272 Q1 1H Q2 Q3 FY Q4 Revenue 19% 8% -5% 23% 50% 220% Cost Of Sales 28% 12% -11% 13% 61% 422% Gross Profit 5% 4% 3% 34% 40% 117% Other Income -43% -18% 148% 503% 86% 69% Other Operating Income -100% 100% #DIV/0! #DIV/0! -72% -100% Administrative Expenses -13% 5% 29% -16% 7% 31% Other Operating Expenses -76% -48% 36% -45% -20% -8% Operating Profit -25% 22% 106% 142% 8% -34% Finance Income 92% -16% -49% 78% 171% 1195% Finance Expenses 26% 33% 40% 10% 24% 22% Profit/(Loss) Before Tax -44% 16% 168% 300% 2% -43% Income Tax -406% -343% -143% #DIV/0! 337% 227% Net Profit -47% 14% 166% 298% -3% -50%
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Lucky03 Veteran	07-Sep-2013 16:14        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is a very well known fact of the water crisis in China but we just don't see Hankore's share price reflecting the fair value. See http://m.theepochtimes.com/n3/268522-china-faces-big-water-crisis/ However, I believe its financial result will very soon offer the solid evidence of the true growth. Not many will have the patience to wait but I personally feel that Q1 result to be released in 2 mths time around 14 Nov 13 will very highly likely to reveal solid QoQ growth ! Hopefully it will give us a Merry Cristmas then :) In the meantime, perhaps Hankore will never enjoy the fair value in its shares in SGX. They may be better off apply for dual listing in HK or triple listing in Taiwan ! Lucky03      ( Date: 31-Aug-2013 10:09) Posted: Watch out for Q1 FY14 normally released 14 Nov. It is 'clean' without any reversal of write-off so it will be fully reflexive of operational performance. However and regretfully, Q2 FY14 will be another challenge as the full year reversal of RMB20m for FY13 was registered in Q2. Unless Hankore sees more than 100% improvement of operational profit, it may actually register a decline when it reports its Q2 FY14 result around 14 Feb 2014.
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cccx123 Veteran	07-Sep-2013 12:29        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shouldn't come here on a weekend. This stock is a harry potter dementor.. spoil mood only. Enjoy your weekend and forget about HK.. weekdays then we can start cursing and swearing again. mrwise      ( Date: 07-Sep-2013 08:34) Posted: The current price is too low for this counter....Hold for those who keen for bigger gain.... Shortist beware....
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mrwise Senior	07-Sep-2013 08:34        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 1   x 0  Alert Admin	The current price is too low for this counter....Hold for those who keen for bigger gain.... Shortist beware....
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Lucky03 Veteran	06-Sep-2013 22:12        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One of the arguments that Hankore price is way below par as compared to the other water firms listed on SGX is that it is a Chinese firm. Perhaps, the success of another Chinese water firm on HK Exchange may set a benchmark for Hankore. I can't be sure but I thought Hankore may have evaluated the idea of dual listing on HK Exchange ?
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wxp8838 Senior	06-Sep-2013 21:52        wxp8838 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What 's going on ? Lucky03      ( Date: 06-Sep-2013 20:47) Posted: From Global Water Intelligence Weekly News. I suppose this company is a Chinese company water water treatment firm too who delayed their IPO in 2011 but deems now a favourable time to launch IPO. Chongto IPO on track to price later this month Published 5th September 2013 Chinese industrial water and wastewater treatment plant developer CT Environmental is set to list on the Hong Kong stock exchange on 25 September. The company hopes to raise US$100 million, two-thirds of which is intended for project capex. The remaining funds will be used for acquisitions and to pay down existing loans. The company, also known as Chongto, withdrew from a planned IPO at the last minute in July 2011, citing volatility in the market as the cause. The Hong Kong market crashed three months later. Although the Hang Seng index today stands below its level two years ago, the mood of investors seems more buoyant. CT Environmental?s main customer group is textile manufacturers in Guangdong province the company also has projects in Hunan. The retail offering will open next Wednesday, and the shares will be priced on 17 September. ICBC and Bank of China are acting as joint-lead managers. - See more at: http://www.globalwaterintel.com/news/2013/36/chongto-ipo-track-price-later-month.html#sthash.niOx2A5i.dpuf
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Lucky03 Veteran	06-Sep-2013 20:47        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	From Global Water Intelligence Weekly News. I suppose this company is a Chinese company water water treatment firm too who delayed their IPO in 2011 but deems now a favourable time to launch IPO. Chongto IPO on track to price later this month Published 5th September 2013 Chinese industrial water and wastewater treatment plant developer CT Environmental is set to list on the Hong Kong stock exchange on 25 September. The company hopes to raise US$100 million, two-thirds of which is intended for project capex. The remaining funds will be used for acquisitions and to pay down existing loans. The company, also known as Chongto, withdrew from a planned IPO at the last minute in July 2011, citing volatility in the market as the cause. The Hong Kong market crashed three months later. Although the Hang Seng index today stands below its level two years ago, the mood of investors seems more buoyant. CT Environmental?s main customer group is textile manufacturers in Guangdong province the company also has projects in Hunan. The retail offering will open next Wednesday, and the shares will be priced on 17 September. ICBC and Bank of China are acting as joint-lead managers. - See more at: http://www.globalwaterintel.com/news/2013/36/chongto-ipo-track-price-later-month.html#sthash.niOx2A5i.dpuf
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sjZheng Senior	06-Sep-2013 19:50        sjZheng About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	No profit but debt from this counter :-( spathway      ( Date: 06-Sep-2013 17:53) Posted: Everybody, please dont sell for one pip profit please ...
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cccx123 Veteran	06-Sep-2013 19:11        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kena sabo.. Paid one bid higher than I wanted. Thought I could get at 5.3 during closing match.
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spathway Member	06-Sep-2013 17:53        spathway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Everybody, please dont sell for one pip profit please ...
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