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HG Metal a hidden gem ?
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eblim77
Member |
21-May-2007 18:00
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Yes! The volume is increasing steadily and have confident that it will surge up quite soon. Going all IN to take in more shares. Impressive financial results and the huge stockpile area I saw everyday beside the pandan Shell station. Government is encouraging less concrete and more steel design. That will help the steel industry to make another miracle. |
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idesa168
Elite |
21-May-2007 12:59
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Good counter indeed with sterling results but share price is depressed. It's an opportunity to accumulate. My projection as follows: 2006 (7.0¢), 2007 (8.4¢), 2008 (10.1¢), 2009 (12.1¢), 2010 (14.5¢), 2011 (17.4¢). Based on a conservative PE of 6 times, we shd should get $1.04. If we build in buffer of my projection, 84¢ - 90¢ in 5 years times. I don't see any reason not to buy now. |
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Bigman
Member |
18-May-2007 23:38
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Agree. That is why I bought in more when the price went down. This counter is worth for long term. |
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knightrider
Elite |
18-May-2007 15:45
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I think that could be reserved for IR project, if not later like sand ! My guess. I think it is still ok to hold this counter ! |
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lonewolf
Member |
18-May-2007 14:24
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If anyone still have any doubts about HG Metal, you should take a drive along AYE (towards Tuas) and exit 15A to Jalan Ahmad Ibranhim rd. Just before the Shell staion, you can see a huge (and I really mean huge) stockpile of steel beams. The side of the hording bears the name 'HG Metal'. Now of cos, that by itself does not says much but why would HG Metal stockpile so much steel if they dun have the business to do anything with it?? Just a thought. |
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novicetrader
Senior |
18-May-2007 14:13
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Barring unforeseen circumstances that affect the performance of the company, this stock is worth holding on to, with good yearly returns, rewards the shareholders, strong performance, projects on hand, extremely good potentials. Hence my personal opinion is good for long term investment. There will be profit takers, which affects the price of the stock, but fundamentally still a strong stock. When it goes down it is time for those that missed the boat to jump in. My personal opinion. |
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knightrider
Elite |
18-May-2007 12:11
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Jia La liao, director also take profit liao. No wonder this few days the price keep go up and down at between 0.445 and 0.46. Good Luck. |
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ahxing
Member |
17-May-2007 21:38
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What happening??? |
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Lonelydogs
Member |
17-May-2007 19:00
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DJ Singapore Bourse:Change In HG Metal Mfg Hldgs Following is a Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest filed by Hg Metal Manufacturing Ltd. with the Singapore Exchange: (END) Dow Jones Newswires May 17, 2007 05:08 ET (09:08 GMT) Copyright (c) 2007 Dow Jones & Company, Inc. |
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Bigman
Member |
17-May-2007 00:09
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http://www.businesstimes.com.sg/sub/companies/story/0,4574,233889,00.html |
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Bigman
Member |
17-May-2007 00:01
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Those could be the contra players.... anyway.... press on....and wait for good news.... |
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ahxing
Member |
16-May-2007 21:07
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holders are selling off.... duno why? |
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knightrider
Elite |
16-May-2007 17:29
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Notice after OCBC convert the loans to share and seems that most directors shares is also diluted. Therefore, market is now more papers and this counter's share is now more diluted ! It is a good sign. Good Luck. |
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Bigman
Member |
14-May-2007 18:01
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Whether it is BB or contra, the counter will head north if it continues to perform well..... I bought in more today to accumulate.... |
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soyabean
Member |
14-May-2007 17:23
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Bigman, why do u say that BB are pushing down the price? It seems like contra players to me instead, perhaps im wrong. anyway int in this counter too. |
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knightrider
Elite |
14-May-2007 17:07
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Have faith ! Hold to it lor or buy more to average if you felt confidence in this stock. I have confidence in this and prepare to hold it ! |
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Bigman
Member |
14-May-2007 16:45
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Curious too! Seem to me that some big players are pushing down the price. Confused! |
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novicetrader
Senior |
14-May-2007 16:38
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All the fundamentals are there, healthy performance, healthy returns, BOD takes care of shareholders, projects won, etc... yet this stock does not move with the STI. Anyone able to advice on the reason(s)? Quite baffling with the downward trend when the STI posts impressive record rises. |
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knightrider
Elite |
14-May-2007 12:15
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Manufacturing (HGM SP / HGMM.SI, OUTPERFORM - Maintained, S$0.48, Target: S$0.60) 1HFY07 results - "Steel" a march on by Jacky Lee HG Metal's 1HFY07 net profit of S$7.6m (+70% yoy) is in line with our expectations. 1H07 profit represents 40% of consensus and our full-year forecasts, as 1H is seasonally the slowest quarter. Our FY07-09 EPS forecasts have trimmed by about 4% due to OCBC has fully converted the convertible loan (about 9m new shares have issued). Our target price is however, raised from S$0.54 to S$0.60 as we roll forward our target P/E to fully diluted 9x CY07 to CY08. Maintain Outperform. |
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knightrider
Elite |
14-May-2007 11:45
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Coming down ! Take note but I think still healthy to hold this stock. |
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