(04-01-2017, 04:00 PM)soros Wrote: [ -> ]BlueKelah .
These companies are not daily price listed in the SCMP ( HK English Newspaper) and I believe may be out of sight of many potential investors and the foreign fund managers. The companies are presently profit making but past dividend record and payment level ( excluding Tomson ) are miserly or erratic and not increasing with rising levels of NAV .
Tomson is a property developer, mainly in Shanghai area and whilst in past willing to pay reasonable dividends, the shares always seem to lack investor buying support .
HKC Holdings reported hefty losses in recent years but at last interim reported approx $194 Mil profit compared to $687 Mil loss in previous half year .
Lai Sun paid only 1.2 cents annual dividend. A local investor has accumulated a 24% stake in the company and it is not for the tiny dividend.
Asia Orient paid a tiny 3 cents dividend . A US Contrarian Investor ( Dalton Investment LLC ) has accumulated 20% stake in the company. The market capitalisation is only $1.6 Billion approx and AO has over $9 Billion in cash and securities.
Asia Standard ( 51% owned by Asia Orient ) paid a tiny 3.5 cents annual dividend. The company now controls 86 % of Asia Standard Hotels ( 00292.HK) and may need to buy up the balance of outstanding shares or else having to place 11 % shares at a loss.
reminded me of Shun Ho Tech.
https://www.valueinvestorsclub.com/idea/...td./129065
opmi,
Thanks for drawing attention to Shun Ho Tech which changed its name to Shun Ho Property Investments Ltd ( 00219.HK) in July 2016.
Current price is about HKD $2.75 and NAV = $9.52 . But this company also has a poor record of past dividend payment to its shareholders (only paid twice in past 10 years ?).
Did anyone buy Tomson ( 00258.hk) last week ? The shares have suddenly attracted buying interest and shareprice has risen by about 40 cents since last week.
The company issued a Notice for clarification of current position ( has NOT entered into contract for sale of its assets ). But the Notice did disclose their "assets are under review" which can be open to different interpretation by different people.
Heatec Jietong Holdings Ltd (5OR) doesn't seem to have a threat yet
looks very cheap at 45% ncav
looks like they might be able to survive, as they have done the last decade...
price is 4 cents, does that mean that they have to do a reverse split at some point to bring it back above 20 cents?
any input/feedback from local value investors would be highly appreciated.....
http://financials.morningstar.com/ratios...ture=en-US
another ultra cheap company that doesn't seem to have a threat, Allied Technologies Ltd A13
selling at around 65% ncav/25% tbv
similar business as aei corp but allied seems to manufacture more in lower cost locations
any input/feedback from local value investors would be highly appreciated.....
http://financials.morningstar.com/ratios...ture=en_US
Ref : Allied technologies
Looking at the company information , there is no record of rising EPS or rising book value .
I can see no reason for buying.
Don't be surprised by lack of interest.
Losses reported during past 4 years and no dividend paid for past 5 years.