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Unisteel
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jasonrxz
Senior |
20-Feb-2008 18:15
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Amendment ====> should be : Though FY07 is without profit "but" it really seems it is up and coming with a UPTREND. If it can stays float at 1.35... check it out 
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zhenxian
Senior |
20-Feb-2008 18:14
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even though there is a reduction in the profit, it still manages to give out the same dividend amount as last year. The fundamentals are still in tact. The dividend pay out is abt 6% to the current share price and its quite high |
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jasonrxz
Senior |
20-Feb-2008 18:10
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Though FY07 is without profit buy it really seems it is up and coming with a UPTREND starting. If it can stays float at 1.35... check it out
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viruz7667
Senior |
20-Feb-2008 09:16
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Business Times - 20 Feb 2008 Unisteel profit falls 6.1%, hit by forex losses UNISTEEL Technology saw full-year 2007 net profit fall 6.1 per cent to $47.5 million from a year ago as several factors including foreign exchange losses offset the growth in revenue. The weakening of the US dollar against other currencies including the Singapore dollar resulted in $3.1 million foreign exchange losses for the financial year ended December 2007, Unisteel said. As well, the value-added tax levied on the export of fasteners by the group's subsidiaries in China increased from 4 per cent to 12 per cent, while steel, a core component of the group's raw materials, saw prices appreciate significantly, it added. Earnings per share fell 6.6 per cent to 11.81 cents. Unisteel said group revenue grew by 18.7 per cent to $274.8 million. Growth across all business segments as well as the maiden contribution from wholly owned subsidiary JC Metal Pte Ltd (JCM) accounted for the higher sales. Revenue from the group's fastening and engineered components segment grew by 9.6 per cent to $204 million due to sustained demand from hard-disk drive related customers and contribution from JCM. The surface treatment segment saw a 7.9 per cent rise in revenue to $34.7 million, lifted by initiatives in increasing in-sourcing of surface treatment services within the group. Said Bernard Toh, Unisteel's executive chairman: 'To constantly stay ahead and remain competitive, we will build on our continuous pursuit of innovation with a view to expanding and diversifying our customer base.' The company has proposed a final dividend of 3.5 cents per share and a special dividend of 1.5 cents per share. Together with the interim dividend of 2.4 cents as well as a special dividend of 1.1 cents paid out for the first half, total dividend payout for FY2007 amount to 8.5 cents per share. Unisteel shares closed 2 cents up at $1.29 yesterday. |
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zhenxian
Senior |
20-Feb-2008 00:57
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Hi, Can anyone share on this counter? |
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zhenxian
Senior |
19-Feb-2008 17:59
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Anyone got any comments for this counter for its high dividend pay out? Can buy? Thanks for sharing~! c) Date Payable On 26 May 2008, the final and special dividend is payable. (d) Book closure date NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be closed on 06 May 2008, for the purpose of determining shareholders? entitlements to the dividends. Duly completed transfers received by the Company?s Share Register, Boardroom Corporate & Advisory Services Pte Ltd, 3 Church Street #08-01 Samsung Hub, Singapore 049483 up to 5.00 pm on 05 May 2008 will be registered to determine shareholders? entitlements to the final dividends. Shareholders whose securities accounts with The Central Depository (Pte) Ltd are credited with shares as at 5.00 pm on 05 May 2008 will be entitled to the dividends. |
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zhenxian
Senior |
19-Feb-2008 17:50
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Dividends per Ordinary Share ? FY 2007 Total Dividend 8.5 cents ###### Final-Special 1.5 cents (proposed) Final 3.5 cents (proposed) Interim-Special 1.1 cents Interim 2.4 cents http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C427E7B49A263546482573F4003221A6/$file/FY2007ResultsBriefing190208.pdf?openelement |
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singaporegal
Supreme |
27-Jan-2008 16:47
Yells: "Female TA nut" |
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This counter has been on a steady downtrend for about a year. No change in TA signals. |
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singaporegal
Supreme |
15-Nov-2007 20:00
Yells: "Female TA nut" |
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I would take the analyst reports with a pinch of salt. The TA charts for Unisteel look really bearish. Price has cut the bottom bollinger band. Acc/Dist and Chaikin are also heading south. |
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nickyng
Supreme |
15-Nov-2007 16:26
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wah!! swee swee.....SHORTIST at work !!! 1.58 now...come on babe !! |
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nickyng
Supreme |
15-Nov-2007 15:51
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hee..the moment we have been waiting for...lao liao...1.61...come on babe !!! unseen hand is moving....hee :PPPPPPPPPPP |
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nickyng
Supreme |
15-Nov-2007 14:41
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ayoo....so ???!?!? SHORT or wat???!??!?! ayo ayo..... :))))))))))) anyone contra on DELONG this morning ?!?!? hoot 8x $2.38 let go at 2.58 !!!! hee.... |
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Pinnacle
Master |
15-Nov-2007 14:29
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CIMB - Unisteel Technology (S$1.75) - 3QFY07 results - Get ready for the rebound Below. 3Q07 net profit of S$11.5m came in 19% below consensus and our estimates, due to lower-than-expected margins and higher-than-expected forex losses. 9M07 net profit represents 60% of consensus and our full-year forecasts. Sales jumped 31% yoy in 3Q07, as weakness in the non-HDD fastener business (Motorola and Microsoft) was overwhelmed by a surge in the Unisource business (procurement services for WD) and a healthy recovery in the HDD component business. 3Q07 also saw maiden 2-month contributions from JC Metal, which contributed an estimated S$13m in sales in 3Q07. EBITDA margins declined 5.7% pts yoy to 23.5%, attributable to the spike in the procurement business (where margins are less than 2%), lower contributions from the higher-margin non-HDD fastener business, restructuring costs (about S$0.5m), and higher VAT expenses (S$0.4m). The bottom line was further dented by a S$1.1m forex loss (due to a S$ loan taken up to acquire JC Metal), resulting in 6% and 14% yoy drops in pretax and net profits, respectively. In net borrowing now, after the acquisition of JC Metal and interim dividend payment. Nevertheless, net gearing was still low at 0.01x, and we expect a return to net cash position by end-FY08 through strong cash flow. Cash cycle days remained fairly stable qoq despite the consolidation of JC Metal?s balance sheet. Outlook for HDD and non-HDD improving. We expect Unisteel to stage a recovery in 4Q on the back of an improved macro environment for both its HDD and non-HDD businesses. Other than a favourable macro environment, HDD components should receive a boost from full 3-month contributions from JC Metal, maiden contributions from TPK, and greater sales of UniLube fasteners. We believe the group will also improve the cost structure of JC Metal and TPK by bringing more value-add in-house. Finally, the group has secured new non-HDD customers, which should start contributing in 2008. Unisteel will also stop the low-margin procurement business in FY08 in a bid to improve margins. Forecasts cut; maintain Outperform. We have cut our FY07 forecast by 10% to factor in the weaker-than-expected 3Q results, and higher tax assumptions for 4Q. We have also cut our FY08-09 numbers to incorporate a higher effective tax rate and lower VAT rebates. Accordingly, our target price dips from S$2.53 to S$2.23, still based on 14x CY08 EPS, its average 5-year P/E. Maintain Outperform. We see catalysts from concrete signs of a recovery starting 4Q. |
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nickyng
Supreme |
15-Nov-2007 14:12
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wow...these reports look like SHORTING signals to me siah !! but vol quite low leh....need to activate my brigade of bro again :PPPPPPPPPP |
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Pinnacle
Master |
15-Nov-2007 12:49
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DBS Vickers - Improving but not fully recovered Hold S$1.75 (Downgrade from Buy) Price Target : 12-Month S$ 1.97 (Prev S$ 2.61) Story: 3Q07 net profit of S$11.5m (-14% y-o-y, +41%q-o-q) were below our estimate of S$14m, due to forex loss of S$1m and another S$0.6m of restructuring charge to consolidate the groups varied locations post acquisition of JC Metal. Excluding these one-off items, net profit of S$13.1m would have been closer to our forecast of S$14m. Point: Although operating performance has indeed bottomed out in Q2 as revenue and earnings (excluding JCM) rebounded 28% q-o-q and 10% in Q3, several negatives like higher VAT, further restructuring costs and high RMAT costs will slow the pace of earnings recovery over the next two quarters. The higher tax rate seen in Q2 is also more permanent than we had expected. Relevance: We have cut FY07/08 earnings by 16% and 11% respectively to reflect lower margins and higher effective taxes. We have also re-pegged Unisteel to a lower 13x FY08 PER as growth is skewed to near term weakness. Accordingly, our target price drops from S$2.61 to S$1.97. Downgrade to Hold given less than 15% price upside. We see catalysts from 1) margin expansion; 2) evidence of strong non-HDD recovery. |
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Pinnacle
Master |
15-Nov-2007 12:48
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OCBC - Unisteel: 3Q07 damped by higher taxes, forex loss Mixed 3Q07 results. Unisteel Technology Limited (UTL) posted a pretty mixed set of 3Q07 results; although revenue jumped 30.6% YoY to S$79.3m (5% above OIR forecast) in the seasonally stronger quarter, which also included 2 months' contribution of S$13m from recently acquired JC Metal (JCM), earnings fell14.2% YoY to S$11.5m (15% below OIR forecast). According to management, there was a couple of reasons for the decline; the key being an unrealized forex loss of S$1.1m arising from a weaker US$, a sharp 20% YoY jump in stainless steel prices, and higher taxes due to the expiration of tax concessions. We understand that UTL also incurred a restructuring cost of nearly S$0.5m to integrate its operations with JCM. On a sequential basis, revenue jumped 53.0% and earnings improved 40.6%. Besides the inclusion of JCM, revenue was also boosted by a sharp 57.4% jump in contribution from Unisource to S$10.7m. However due to the low margin nature of the distribution business, the increased contribution also contributed to margin compression; gross margin slipped to 26.5% and net to 14.5% from 30.8% and 15.8% in 2Q07, respectively. More sequential improvement in 4Q07. Nevertheless, management expects further sequential improvement in 4Q07, as orders from its HDD customers remain strong. Industry watch Trend Focus expects global HDD shipments to reach 139.5m units in 4Q07, after shipments rose 16.2% YoY and 20.1% QoQ to hit record 133.7m units in 3Q. UTL also expects its handset related sales to pick up some 10-15% after a pretty disappointing flat 3Q showing. Overall, margins are also likely to improve now that raw material prices have corrected from their July peak. Other medium-term positives include better margins from JCM due to more insourcing of services like plating and tooling, increased adoption of its UniLube fasteners, and the increased handset business. Reducing FY07 & FY08 estimates. However, UTL still expects to record more restructuring charge (around S$1m in 4Q07 and S$0.6m in 1Q08) due to ongoing streamlining of operations. So unless 4Q turns out to be an exceptional quarter, it appears that our original FY07 estimates are unlikely to be met. As such, we are paring back our revenue (down 5.1%) and earnings (down 14.8%). We also need to reduce our FY08 estimates to reflect higher tax and lower margin assumptions. This in turn drops our fair value from S$2.59 to S$2.16, based on 15x blended FY07/08 PER, but still offers a decent 23.2% upside. Hence we retain our BUY rating. |
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KiLrOy
Master |
14-Nov-2007 21:28
Yells: "I buy only what I can see." |
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CCI oversold reversed. ADX downtrend weakening. For those interested, entry buy signal triggered after today's eod at 1.75SGD. Trade at your own risk~ |
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KiLrOy
Master |
29-Aug-2007 19:41
Yells: "I buy only what I can see." |
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Going nowhere .. clueless ... ----> ----> <---- ----> !! |
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KiLrOy
Master |
23-Aug-2007 20:46
Yells: "I buy only what I can see." |
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Unbeatable! .. rid of the subprime distraction. Lets try again. This time we will take out 2.22SGD in anyways. |
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KiLrOy
Master |
16-Aug-2007 00:02
Yells: "I buy only what I can see." |
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Poor market sentiment today help formed resistance at 2.22SGD on the second attempt. You may want to take some money off the table at another 2.22SGD attempt. A break above 2.22, resume our 2.36 initial target. |
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