Well, wasn't CWT around 1.50-1.60 two months ago? And its chairman have heavily bought its shares at around 1.50-1.60.
Since the chairman will know more about CWT than most people, I can just follow him and start adding at 1.50-1.60 and below. No need to think so much.
(16-05-2015, 09:30 PM)thinknotleft Wrote: [ -> ]Well, wasn't CWT around 1.50-1.60 two months ago? And its chairman have heavily bought its shares at around 1.50-1.60.
Since the chairman will know more about CWT than most people, I can just follow him and start adding at 1.50-1.60 and below. No need to think so much.
Good point. Though quite hard for price to come down without a strong catalyst.
Anyone looking into cwt?
https://sg.finance.yahoo.com/news/hefty-...00359.html
The analyst outlook is that revenue growth may be subdued by the lower naptha trading volumes. What I find quite puzzling is that the company has various commodities of trade and not just naptha. To what extent does lower naptha trading volumes affect revenue growth? There is also the metals trading business. I am quite skeptical that just the lower naptha trading volume would bring down the revenues, considering that there is a diversified range of commodities being traded by the company.
Loi Pok Yen (in a Forbes article) was saying that cwt went into metals trading. CWT could then purchase the concentrates from the mines and mix it in the required proportions and resell to smelters. I am quite skeptical about the margins. Is it in any way attractive?
This then means that the company hold inventory and face some degree of price risk. eg, inventory on hand bought at prices to high or commodity prices dip due to whatever environmental factors. From note 14 of the annual report, it says that inventory is valued based on lower of cost or net realisable value and there are those others at fair value. There is possible real risk of inventory being written down due to periods of low commodity prices.
Any views from fellow VB regarding this?
http://business.asiaone.com/prime-movers...de-the-box
Congrats to all vb who have been holding cwt since that time when Mr Loi did his share purchase. Quite an amazing run up.
Also respect the young loi a lot. He is apparently quite a "can do" character. It was a remark from one of the employees. The article talks about Loi Pok Yen wanting to avoid what the "big boys" have been doing all the while. Its an appropriate strategy, given that cwt does not have the established business and financial muscle of the bigger players like ups and fedex.
If he is to hold out the strategy of avoiding direct competition with the big boys, there is a lot of manoevring to fight indirectly. Avoiding big names is really the right thing for cwt to do, as Loi Pok Yen was saying.
I like what he said in the interviews. If these reflect his future business moves, cwt will likely find a good niche for itself and not get swamped by the big boys. Perhaps, this is David fighting the Goliath.
For your reading pleasure.
Vested as of today, since Mr Loi Kai Meng did his share buy back earlier this year.
CWT has been inching up and sustaining @ record high levels in the midst of mkt turbulence...
I strongly suspect that there is more than meet the eyes...
Unfortunately, I am just a drama watcher...
Odd Lots
Certificate
Vested
GG
(17-06-2015, 09:42 AM)greengiraffe Wrote: [ -> ]CWT has been inching up and sustaining @ record high levels in the midst of mkt turbulence...
I strongly suspect that there is more than meet the eyes...
Unfortunately, I am just a drama watcher...
Odd Lots
Certificate
Vested
GG
Its a massive run up, from the day when Mr Loi made his open market share purchase.
Perhaps, someone buying up. Strangely, no news.
Dear all,
CWT price hit intra day high of 2.25. Price has appreciate from 1.56 (from the time Mr Loi did buy back) to 2.15 today. Its astronomical and total return on share price already 37.8%. For this commodity/ logistics player, the appreciation is sizable.
Any news that may have given rise to this surge in price? I checked SGX for announcements. Nothing reported.
Vested "sizably".
Congrats as I strongly suspect that it could be turned out to be an Olam or CMA...
(16-07-2015, 03:25 PM)vesfreq Wrote: [ -> ]Dear all,
CWT price hit intra day high of 2.15. Price has appreciate from 1.56 (from the time Mr Loi did buy back) to 2.15 today. Its astronomical and total return on share price already 37.8%. For this commodity/ logistics player, the appreciation is sizable.
Any news? I checked SGX for announcements. Nothing reported.
Vested "sizably".
(16-07-2015, 03:29 PM)greengiraffe Wrote: [ -> ]Congrats as I strongly suspect that it could be turned out to be an Olam or CMA...
(16-07-2015, 03:25 PM)vesfreq Wrote: [ -> ]Dear all,
CWT price hit intra day high of 2.15. Price has appreciate from 1.56 (from the time Mr Loi did buy back) to 2.15 today. Its astronomical and total return on share price already 37.8%. For this commodity/ logistics player, the appreciation is sizable.
Any news? I checked SGX for announcements. Nothing reported.
Vested "sizably".
Any specific details about your view? Just interesting to have another perspective regarding this counter.
I was reading another forum and some comments made include the potential risk of copper prices hitting the commodity trading biz. Then again, the commodity biz margins are never "significant" compared to the rest of the main businesses, especially logistics What made commodity seem so "big" is the size of the revenues. However, the thin margins make it quite inconceivable for drop in copper prices to hit the group earnings.
Not forgetting that CWT still has some more things that they could do to release cash, if they do get hit bad from poor commodity trading volumes. One of which is to reit their existing warehouses. From memory, the 2014 AR still shows some warehouse properties which have yet to be reit'ed, if i'm not wrong.
Guess Mr Mkt will always think differently.
As usual no policemen action on CWT... amazing no wonder roadside sources are usually more reliable than the official and policing sources.
Caveat Emptor