Fair value $0.195 leh...
If EPS is around 30 HK cents, dividend payout of 40% EPS will be around 12 HK cents which is around 2 SG cents. That is 10% dividend rate!
Mr Market don't like, but I like.
(06-08-2013, 05:39 PM)NTL Wrote: [ -> ]Fair value $0.195 leh...
If EPS is around 30 HK cents, dividend payout of 40% EPS will be around 12 HK cents which is around 2 SG cents. That is 10% dividend rate!
Mr Market don't like, but I like.
perhaps you can highlight the sustainability of their cash flow over hardship.
(06-08-2013, 07:48 PM)Drizzt Wrote: [ -> ] (06-08-2013, 05:39 PM)NTL Wrote: [ -> ]Fair value $0.195 leh...
If EPS is around 30 HK cents, dividend payout of 40% EPS will be around 12 HK cents which is around 2 SG cents. That is 10% dividend rate!
Mr Market don't like, but I like.
perhaps you can highlight the sustainability of their cash flow over hardship.
Please elaborate. Thanks.
Does it have any debt?
Half of its market cap is net cash?
(06-08-2013, 05:23 PM)felixleong Wrote: [ -> ]forecasted PE 4, yield 9% and half its market cap is cash!
its just sooo undervalued
mr market sure doesn't like this counter haha
details can be found from OCBC's final report here
http://www.ocbcresearch.com/Article.aspx...4241_60504
(06-08-2013, 09:00 PM)NTL Wrote: [ -> ] (06-08-2013, 07:48 PM)Drizzt Wrote: [ -> ] (06-08-2013, 05:39 PM)NTL Wrote: [ -> ]Fair value $0.195 leh...
If EPS is around 30 HK cents, dividend payout of 40% EPS will be around 12 HK cents which is around 2 SG cents. That is 10% dividend rate!
Mr Market don't like, but I like.
perhaps you can highlight the sustainability of their cash flow over hardship.
Please elaborate. Thanks.
how would you term their cash flow going by historical experience with a ODM and OEM manufacturer. do you see a drop soon ?
(06-08-2013, 09:58 PM)Stockerman Wrote: [ -> ]Does it have any debt?
Half of its market cap is net cash?
(06-08-2013, 05:23 PM)felixleong Wrote: [ -> ]forecasted PE 4, yield 9% and half its market cap is cash!
its just sooo undervalued
mr market sure doesn't like this counter haha
details can be found from OCBC's final report here
http://www.ocbcresearch.com/Article.aspx...4241_60504
no debt at all, total zero
this is a cash cow for sure
fyi I am vested
(06-08-2013, 09:59 PM)Drizzt Wrote: [ -> ] (06-08-2013, 09:00 PM)NTL Wrote: [ -> ] (06-08-2013, 07:48 PM)Drizzt Wrote: [ -> ] (06-08-2013, 05:39 PM)NTL Wrote: [ -> ]Fair value $0.195 leh...
If EPS is around 30 HK cents, dividend payout of 40% EPS will be around 12 HK cents which is around 2 SG cents. That is 10% dividend rate!
Mr Market don't like, but I like.
perhaps you can highlight the sustainability of their cash flow over hardship.
Please elaborate. Thanks.
how would you term their cash flow going by historical experience with a ODM and OEM manufacturer. do you see a drop soon ?
their business is slighty cyclical, but they have never reported a full year loss before.
a big part of their revenues come from Philips,
with the euro recession, profits fell by a little but still very positive as
cash flow has also been solid, they have always managed a good dividend payout of close to 40% of earnings (cash paid our is surely 100% cash) and also retaining a big portion of it, since their capex spending is not much.
May I ask what is the economic moat of this company ?
What sets it apart from its competitors?
Who are their nearest competitors?
Revenue seems to have reached a plateau at $2 bil (HK Dollar).
What are the company's strategies to grow it further?
tks.
to be honest, there's no moat, its not a good company
its just a fair company selling at a very good price
(06-08-2013, 09:59 PM)Drizzt Wrote: [ -> ] (06-08-2013, 09:00 PM)NTL Wrote: [ -> ] (06-08-2013, 07:48 PM)Drizzt Wrote: [ -> ] (06-08-2013, 05:39 PM)NTL Wrote: [ -> ]Fair value $0.195 leh...
If EPS is around 30 HK cents, dividend payout of 40% EPS will be around 12 HK cents which is around 2 SG cents. That is 10% dividend rate!
Mr Market don't like, but I like.
perhaps you can highlight the sustainability of their cash flow over hardship.
Please elaborate. Thanks.
how would you term their cash flow going by historical experience with a ODM and OEM manufacturer. do you see a drop soon ?
For this, I do not know. But with their cash in hand, very likely they will not required to borrow money anytime soon unless there is a huge order coming in. Then there will be an increase in inventory, increase in receivable and increase in payables. But, that will be good news, isn't it?
(06-08-2013, 10:34 PM)Stockerman Wrote: [ -> ]May I ask what is the economic moat of this company ?
What sets it apart from its competitors?
Who are their nearest competitors?
Revenue seems to have reached a plateau at $2 bil (HK Dollar).
What are the company's strategies to grow it further?
tks.
I afraid that the company don't have any real economic moat to talk about. From my knowledge, their key customers are with them for years, so unless they mess up their own show, likely they will continue to stay with them. So they will grow along with their customers, just like your favourite company.
is that consider as economic moat? I don't know.
There are tonnes of OEMs and ODMs in China and other parts of the world, so all will be their competitors. So it back to the above sentence.
As for growth, 2 of their customers are moving their production to Valuetronics factory. This should be positive to them, and should see some result in Q1. They are also looking for new customers in US from various channels. Whether these will bear fruits or not, I shall not comment.