04-05-2013, 11:37 AM
Hi,
Came across this company and pherhaps would like to know the view from other forumers about it.
Swing Media Technology Group Limited is engaged in the manufacturing and trading of disc-recordable (DVD-R), disc-recordable (CD-R), V0 and computer, such as optical mouse in Hong Kong and Taiwan. It recently moved into the solar energy sector by acquiring Shanghai Hui Yang and has signed with Petorchina the installation of 500 solar powered energy systems at petrol stations which is estimated to bring in appox $10 M profit over the next 2 yrs.
Estimated Profit for this FY is ard $10M (from its DVD business).
Past Dividend tells me its payout ratio is slightly around 10% and is a low ROE business and seemingly heavy asset base as evident by a huge amount of PPE in balance sheet. It recently issued new shares to some investors to pay off its debts and for working capital purposes.
Any comments?
Link for latest AR: http://info.sgx.com/listprosp.nsf/Annual...endocument
Came across this company and pherhaps would like to know the view from other forumers about it.
Swing Media Technology Group Limited is engaged in the manufacturing and trading of disc-recordable (DVD-R), disc-recordable (CD-R), V0 and computer, such as optical mouse in Hong Kong and Taiwan. It recently moved into the solar energy sector by acquiring Shanghai Hui Yang and has signed with Petorchina the installation of 500 solar powered energy systems at petrol stations which is estimated to bring in appox $10 M profit over the next 2 yrs.
Estimated Profit for this FY is ard $10M (from its DVD business).
Past Dividend tells me its payout ratio is slightly around 10% and is a low ROE business and seemingly heavy asset base as evident by a huge amount of PPE in balance sheet. It recently issued new shares to some investors to pay off its debts and for working capital purposes.
Any comments?
Link for latest AR: http://info.sgx.com/listprosp.nsf/Annual...endocument