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HANKOREcontinuation wedge(bullish)target 6-7c soon Post Reply Rate topic
wxp8838 Senior	28-Aug-2013 16:13        wxp8838 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good let's pray
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Lucky03 Veteran	28-Aug-2013 16:11        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One more day, maybe 2 days :) wxp8838      ( Date: 28-Aug-2013 16:04) Posted: You can say it again. one more day ,maybe 2 days . Lucky03      ( Date: 28-Aug-2013 16:01) Posted: I'll not be able to audit that. China Minzhong sells to wholesalers and retailers. Hankore sells to mainly provincial government and probably to some industries. One asset is perishables while the other are physical and operational infrastructures. I suppose they can be physically verified and I believe the recent investor will carry out his due diligence before committing close to S$20m to take up significant stake.
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wxp8838 Senior	28-Aug-2013 16:04        wxp8838 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You can say it again. one more day ,maybe 2 days . Lucky03      ( Date: 28-Aug-2013 16:01) Posted: I'll not be able to audit that. China Minzhong sells to wholesalers and retailers. Hankore sells to mainly provincial government and probably to some industries. One asset is perishables while the other are physical and operational infrastructures. I suppose they can be physically verified and I believe the recent investor will carry out his due diligence before committing close to S$20m to take up significant stake. ynnek1267      ( Date: 28-Aug-2013 15:46) Posted: So same lah, like China Minzhong, playing the finance statement to magnify the profit margin. Another no cash profit, fake one lah
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Lucky03 Veteran	28-Aug-2013 16:01        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'll not be able to audit that. China Minzhong sells to wholesalers and retailers. Hankore sells to mainly provincial government and probably to some industries. One asset is perishables while the other are physical and operational infrastructures. I suppose they can be physically verified and I believe the recent investor will carry out his due diligence before committing close to S$20m to take up significant stake. ynnek1267      ( Date: 28-Aug-2013 15:46) Posted: So same lah, like China Minzhong, playing the finance statement to magnify the profit margin. Another no cash profit, fake one lah. Lucky03      ( Date: 28-Aug-2013 15:39) Posted: There is no doubt that waste water treatment is a capital intensive industry in multi-year contracts. The profitability is directly dependent on the accounting treatment of its assets and the allowable period for amortization which will then depends on the determination of the useful life of the infrastructure and asset. When David and gang took over Biotreat, they took a painful decision or maybe a wise one on hindsight now to write off significant portion of treatment plants that can't meet the minimum standard and hence not able to generate revenue and they exacerbated the magnitude of the years of losses. Over the years, they have managed to put them back into productive operation and hence able to write back the values of these assets. From accounting point of view, these write backs have the reverse effect of writing off and now they contributed to the top line and bottom line. There may still be some more in their drawer to be able to write back but I doubt they will count on them to boost their bottom line. Not to forget that there have new also upwards revisition of water tariff and in producing higher grade emission standard including sludge treatment. I suppose they should be able to sustain their profit margin and scale of operation plus acquiring the subcontractor will eliminated some of the buffer or stack up and having positive impact to both bottom line and profitability margin. 1 more day.
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ynnek1267 Master	28-Aug-2013 15:46        ynnek1267 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So same lah, like China Minzhong, playing the finance statement to magnify the profit margin. Another no cash profit, fake one lah. Lucky03      ( Date: 28-Aug-2013 15:39) Posted: There is no doubt that waste water treatment is a capital intensive industry in multi-year contracts. The profitability is directly dependent on the accounting treatment of its assets and the allowable period for amortization which will then depends on the determination of the useful life of the infrastructure and asset. When David and gang took over Biotreat, they took a painful decision or maybe a wise one on hindsight now to write off significant portion of treatment plants that can't meet the minimum standard and hence not able to generate revenue and they exacerbated the magnitude of the years of losses. Over the years, they have managed to put them back into productive operation and hence able to write back the values of these assets. From accounting point of view, these write backs have the reverse effect of writing off and now they contributed to the top line and bottom line. There may still be some more in their drawer to be able to write back but I doubt they will count on them to boost their bottom line. Not to forget that there have new also upwards revisition of water tariff and in producing higher grade emission standard including sludge treatment. I suppose they should be able to sustain their profit margin and scale of operation plus acquiring the subcontractor will eliminated some of the buffer or stack up and having positive impact to both bottom line and profitability margin. 1 more day. ynnek1267      ( Date: 28-Aug-2013 15:05) Posted: Profit margin suddenly improved, very fishy, another China Minzhong soon. holding a S-chip  bom?
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Lucky03 Veteran	28-Aug-2013 15:39        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is no doubt that waste water treatment is a capital intensive industry in multi-year contracts. The profitability is directly dependent on the accounting treatment of its assets and the allowable period for amortization which will then depends on the determination of the useful life of the infrastructure and asset. When David and gang took over Biotreat, they took a painful decision or maybe a wise one on hindsight now to write off significant portion of treatment plants that can't meet the minimum standard and hence not able to generate revenue and they exacerbated the magnitude of the years of losses. Over the years, they have managed to put them back into productive operation and hence able to write back the values of these assets. From accounting point of view, these write backs have the reverse effect of writing off and now they contributed to the top line and bottom line. There may still be some more in their drawer to be able to write back but I doubt they will count on them to boost their bottom line. Not to forget that there have new also upwards revisition of water tariff and in producing higher grade emission standard including sludge treatment. I suppose they should be able to sustain their profit margin and scale of operation plus acquiring the subcontractor will eliminated some of the buffer or stack up and having positive impact to both bottom line and profitability margin. 1 more day. ynnek1267      ( Date: 28-Aug-2013 15:05) Posted: Profit margin suddenly improved, very fishy, another China Minzhong soon. holding a S-chip  bom?
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ozone2002 Supreme	28-Aug-2013 15:31        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:0.05     Vol:12989k     -0.002 brokerage released report to entice people to buy, hence from the day when it was released.. there was lots of volume changing hands @ 5.4, now down to 5 distributed to those who believe the hype too fast and too soon...
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ynnek1267 Master	28-Aug-2013 15:05        ynnek1267 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Profit margin suddenly improved, very fishy, another China Minzhong soon. holding a S-chip  bom?
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cccx123 Veteran	28-Aug-2013 14:57        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Queued up for another 500 lots at  5 cents. My last roll of the dice before FY13 is out. Will be pushing for the closing match at 5pm today should I not get it from the open market before that.
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wendel Master	28-Aug-2013 14:43        wendel About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomorrow D Day! May this stk soar n drag all s chips along....big brother of S Chip!!! cccx123      ( Date: 28-Aug-2013 14:37) Posted: You said you bought this stock 5 years ago and have been holding it since then. I presume you bought HK at around 3-4 cents then, which is the range at which HK's stock traded for the majority of 2008-09. At that cost, you would have made in excess of 20% profit at current price. On the other hand, this stock rarely moved above my purchase price and I'm still stuck with significant paper losses. So yea, nothing to worry about. I'm in a worse state, but I haven't lost confidence in myself. It is a lesson learnt, plus I believe in this stock's fundamentals, which have been ever improving since the turnaround. wxp8838      ( Date: 28-Aug-2013 11:23) Posted: Are you sure about this  ? I totally lost my faith and confidence.I feel very sorry for myself.
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cccx123 Veteran	28-Aug-2013 14:37        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You said you bought this stock 5 years ago and have been holding it since then. I presume you bought HK at around 3-4 cents then, which is the range at which HK's stock traded for the majority of 2008-09. At that cost, you would have made in excess of 20% profit at current price. On the other hand, this stock rarely moved above my purchase price and I'm still stuck with significant paper losses. So yea, nothing to worry about. I'm in a worse state, but I haven't lost confidence in myself. It is a lesson learnt, plus I believe in this stock's fundamentals, which have been ever improving since the turnaround. wxp8838      ( Date: 28-Aug-2013 11:23) Posted: Are you sure about this  ? I totally lost my faith and confidence.I feel very sorry for myself. cccx123      ( Date: 28-Aug-2013 10:35) Posted: SinoG recovering after shortists met some strong support at the $1 region. Hankore will be next to rebound. And with the release of positive FY13 results tomorrow, the upside will surely prevail.
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Lucky03 Veteran	28-Aug-2013 13:02        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The low volume is a good sign. We will have more clarity after the result announcement. Personally, I'm looking for opportunity to load more. wxp8838      ( Date: 28-Aug-2013 11:23) Posted: Are you sure about this  ? I totally lost my faith and confidence.I feel very sorry for myself. cccx123      ( Date: 28-Aug-2013 10:35) Posted: SinoG recovering after shortists met some strong support at the $1 region. Hankore will be next to rebound. And with the release of positive FY13 results tomorrow, the upside will surely prevail.
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wxp8838 Senior	28-Aug-2013 11:23        wxp8838 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Are you sure about this  ? I totally lost my faith and confidence.I feel very sorry for myself. cccx123      ( Date: 28-Aug-2013 10:35) Posted: SinoG recovering after shortists met some strong support at the $1 region. Hankore will be next to rebound. And with the release of positive FY13 results tomorrow, the upside will surely prevail.
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cccx123 Veteran	28-Aug-2013 10:35        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SinoG recovering after shortists met some strong support at the $1 region. Hankore will be next to rebound. And with the release of positive FY13 results tomorrow, the upside will surely prevail.
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cccx123 Veteran	28-Aug-2013 08:34        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	We, Ntegrator, Magnus, Mirach, Albedo, all the same lol. Such stocks how to hold long term? No fundamentals besides Myanmmar plays and placements. wendel      ( Date: 27-Aug-2013 17:41) Posted: My WE also got affected leh...WE not S chip isn't it? cccx123      ( Date: 27-Aug-2013 17:04) Posted: Brokerages dropping coverage of most if not all s-chips due to the CMZ saga. Seriously..what an over-reaction!! Guess in the short term, how s-chips fare depends on the response of CMZ to Glaucus Report.
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halleluyah Elite	27-Aug-2013 18:01        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro nek nek, r u still in ausgroup? 4q results vry bad....drop a lot. ynnek1267      ( Date: 27-Aug-2013 17:59) Posted: Alan Wong is chao da in Sino Grandness, where got money to fight with the foreign shortist. He surely regret to play with S-chip now. wxp8838      ( Date: 27-Aug-2013 11:50) Posted: In this case ,I suggest Alan Wang move up hankore in order to recover his losses at Sino G.win-wi
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ynnek1267 Master	27-Aug-2013 17:59        ynnek1267 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alan Wong is chao da in Sino Grandness, where got money to fight with the foreign shortist. He surely regret to play with S-chip now. wxp8838      ( Date: 27-Aug-2013 11:50) Posted: In this case ,I suggest Alan Wang move up hankore in order to recover his losses at Sino G.win-win cccx123      ( Date: 27-Aug-2013 11:42) Posted: HK already faring a lot better than other s-chips. Look at Sino Grandness.. Down 17% as of writing.. HK isn't even dropping. Our dear Alan Wang probably have his SinoG baby to take care of first. He is probably losing quite a bit of his net worth seeing that he specializes in s-chips.
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wendel Master	27-Aug-2013 17:41        wendel About Contact  Quote this Post!
x 0   x 0  Alert Admin	My WE also got affected leh...WE not S chip isn't it? cccx123      ( Date: 27-Aug-2013 17:04) Posted: Brokerages dropping coverage of most if not all s-chips due to the CMZ saga. Seriously..what an over-reaction!! Guess in the short term, how s-chips fare depends on the response of CMZ to Glaucus Report.
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cccx123 Veteran	27-Aug-2013 17:04        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Brokerages dropping coverage of most if not all s-chips due to the CMZ saga. Seriously..what an over-reaction!! Guess in the short term, how s-chips fare depends on the response of CMZ to Glaucus Report.
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wxp8838 Senior	27-Aug-2013 11:50        wxp8838 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In this case ,I suggest Alan Wang move up hankore in order to recover his losses at Sino G.win-win cccx123      ( Date: 27-Aug-2013 11:42) Posted: HK already faring a lot better than other s-chips. Look at Sino Grandness.. Down 17% as of writing.. HK isn't even dropping. Our dear Alan Wang probably have his SinoG baby to take care of first. He is probably losing quite a bit of his net worth seeing that he specializes in s-chips.
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