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UOB Kay Hian has a buy call with target price at 89 cents...

Current market price is only 48.5 cents..

any view pls?

(28-05-2012, 10:07 PM)Stockerman Wrote: [ -> ]UOB Kay Hian has a buy call with target price at 89 cents...

Current market price is only 48.5 cents..

any view pls?

capex = 25% of sales (not sure if recurring?). negative cashflow despite big profit I suppose for chasing after growth. S-chip discount applied, but I'm not 100% sure this passes the smell test anyway but I will keep watching this.

<not vested>

Impressive FY13 (ended 31Dec13) full-year results…..
http://infopub.sgx.com/FileOpen/WPM_4Q20...eID=276768 [result announcement]
http://infopub.sgx.com/FileOpen/WPM_4Q20...eID=276769 [press release]
http://infopub.sgx.com/FileOpen/WPM_4Q20...eID=276770 [presentation slides]

A higher Final dividend of RMB0.0625/share (equivalent to $0.0125/share) declared (vs. RMB0.05/share in last FY12).

World Precision's emphasis on making qualitative improvements on its products appears a sound strategy, as China shifts its
growth strategy from mass production to high-end manufacturing, giving rise to an increasingly high-tech industrial market.

(01-03-2014, 06:09 PM)dydx Wrote: [ -> ]Impressive FY13 (ended 31Dec13) full-year results…..
http://infopub.sgx.com/FileOpen/WPM_4Q20...eID=276768 [result announcement]
http://infopub.sgx.com/FileOpen/WPM_4Q20...eID=276769 [press release]
http://infopub.sgx.com/FileOpen/WPM_4Q20...eID=276770 [presentation slides]

A higher Final dividend of RMB0.0625/share (equivalent to $0.0125/share) declared (vs. RMB0.05/share in last FY12).

World Precision's emphasis on making qualitative improvements on its products appears a sound strategy, as China shifts its
growth strategy from mass production to high-end manufacturing, giving rise to an increasingly high-tech industrial market.

Latest Q1 2014 result even more impressive, yet not many investors notice this gem!
(vested)

Latest disclosure to SGX yesterday showed that the substantial shareholder bought 26m shares from different individuals at the same price of $0.40 on 25 Sep 14 bringing their total shareholdings to 73.848%, could this be a sign of delisting deal coming soon? The closing price before this disclosure was $0.34.
(vested)

Swn, saw your comment at NextInsight article.

Do you have any worries about this company being a S-chip?

(27-09-2014, 03:46 PM)kelvesy Wrote: [ -> ]Swn, saw your comment at NextInsight article.

Do you have any worries about this company being a S-chip?

This S-chip looks ok to me, at least they do pay regular dividend. See their latest substantial shareholder action (refer to my post this morning)!

It looks amazing to me at this current price. True, it has been paying dividends. I've followed and read mostly all the articles posted on NextInsight.

Looks like a neglected but performing stock.

http://infopub.sgx.com/FileOpen/_FINAL_F...eID=274111

S$2,618,550 / 5,819,000 shares acquired = $0.45 per share (Huang Wei Xing to World Sharehold Limited)

http://infopub.sgx.com/FileOpen/_FORM3_F...eID=274235

S$3138750 / 6975000 shares acquired = $0.45 per share (Zhou Jing sold to World Sharehold Limited)

(27-09-2014, 07:14 PM)kelvesy Wrote: [ -> ]It looks amazing to me at this current price. True, it has been paying dividends. I've followed and read mostly all the articles posted on NextInsight.

Looks like a neglected but performing stock.

http://infopub.sgx.com/FileOpen/_FINAL_F...eID=274111

S$2,618,550 / 5,819,000 shares acquired = $0.45 per share (Huang Wei Xing to World Sharehold Limited)

http://infopub.sgx.com/FileOpen/_FORM3_F...eID=274235

S$3138750 / 6975000 shares acquired = $0.45 per share (Zhou Jing sold to World Sharehold Limited)

Actually, generally speaking, does SGX check the actual transacted price for this kind of announcements? Can the parties involved pull a fast one to create false impression?

IIRC, IMHO, there have been some M&A or RTO with very generous pricings where prices & volume shoot up following the announcement and the "deal" got cancelled soon after with no reported consequence (if have, then I missed them) on the parties involved.

3Q results just out…..
http://infopub.sgx.com/FileOpen/WPM_3Q20...eID=323861 [results announcement]
http://infopub.sgx.com/FileOpen/WPM_Medi...eID=323939 [press release]
http://infopub.sgx.com/FileOpen/WPM_PPT_...eID=323940 [presentation slides]
For 3Q, if we exclude the RMB4.2m allowance for doubtful debts and the RMB1.2m increase in bad debts written off - both likely related to sales carried out in previous periods - the company's PBT and PBT Margin were still relatively stable, falling in line with sales trend. Latest (30Sep14) NAV/share stood at a high RMB2.79 (approx. $0.59). Against today's closing share price at $0.305, it is pointing to another case of a grossly under-priced situation.

This time round, the company has declared a surprise Interim dividend of RMB0.10/share (approx. $0.0208/share), which will be paid out on 12Dec14 - just in time for X'mas shopping!