Neratel

Thread Rating:
  • 3 Vote(s) - 2.33 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Extracts of OSK DMG report from remisiers.org,


Potential For Higher Yield

NeraTel’s 2QFY13 results came in slightly below expectation, with SGD10.5m PATAMI (+213.4% y-o-y) on the back of SGD47.2m revenue (+13.1% y-o-y). Notably, order intakes increased across all business segments. Reiterate BUY, with our TP unchanged at SGD0.93, based on 11.4x blended FY13/14 P/E (+1 SD). The counter remains as the top pick in our technology sector coverage.

Higher revenue across all segments. Taking off the negative goodwill gain of SGD7.0m, core PATAMI was SGD3.5m (+4.8% y-o-y). Despite the increase in revenue across all business segments (+29.3% q-o-q), core net profits came in lower (-39.7% q-o-q) as GP margins normalised back to about 30%, along with higher selling and administrative expenses as well as the absence of the other operating income.

Expanding workforce to capture opportunities. The higher selling and administrative expenses can be justified by the group’s ongoing expansion of its workforce to capture the robust opportunities presented in new markets (eg Nigeria). NeraTel has secured SGD121m worth of new orders in 1HFY13 (+21.2 y-o-y).

Myanmar market set to contribute. NeraTel has already set up an office in Myanmar and is currently recruiting people to bid for upcoming telco projects. While it is still too early for a breakthrough in this frontier, the group has already secured a dominant 90% share in the point-of-sales terminal market in Myanmar.

Sustainable yield hike likely. Most notably, in view of the exceptional cash gain of SGD5.3m, the group declared a surprise interim dividend of 2 cents. As such, we adjust our FY13 full year dividend estimates to 6 cents, translating to an attractive FY13 yield of 7.5%, based on its last closing price of SGD0.795. Going forward, as we are confident of the group’s abilities to deliver around 20% profit growth, we now reasonably expect it to pay higher dividends, adjusting our FY14 DPS forecast to 5 cents.
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
Reply
Mr Lim Gee Kiat

http://sbr.com.sg/telecom-internet/peopl...e-kiat-cfo

Well... He was the non-executive director becomes independent director of China MinZhong since IPO till 2012.
Sweat......

From China Minzhong AR2012

Lim Gee Kiat, Independent Director, is the Senior Vice President (Finance) and advisor
to Chairman of Ying Li International Real Estate Ltd. Mr Lim was previously a Vice
President at GIC Special Investments Pte Ltd, the private equity investment arm of
the Government of Singapore Investment Corporation Pte Ltd. In Mr Lim’s extensive
work experience spanning more than ten years, he has worked for various companies,
including DBS Vickers Securities, Fortune Venture Investment Group and SembCorp
Industries. Mr Lim graduated with a Bachelor of Engineering (First Class Honours) in
Electrical & Electronics from Nanyang Technological University and has a Masters of
Business Administration from Nanyang Business School. Mr Lim is a Certified Public
Accountant with the Institute of Certified Public Accountants of Singapore
Reply
avoid this guy's affiliation?
Reply
(27-08-2013, 11:27 PM)pianist Wrote: avoid this guy's affiliation?

What could be the worst thing that could happen to listco with his affiliation?

- Assuming he's guilty of any crime, I supposed he'll be removed immediately from such affiliations.
- Perhaps the worst case is he's totally innocent, didn't know what's happening (totally negligent but didn't sign any incriminating document)....assuming all the allegations are true. Then, also get removed... Tongue

PS. Still waiting for price to drop further....
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
Reply
(28-08-2013, 08:54 AM)KopiKat Wrote:
(27-08-2013, 11:27 PM)pianist Wrote: avoid this guy's affiliation?

What could be the worst thing that could happen to listco with his affiliation?

- Assuming he's guilty of any crime, I supposed he'll be removed immediately from such affiliations.
- Perhaps the worst case is he's totally innocent, didn't know what's happening (totally negligent but didn't sign any incriminating document)....assuming all the allegations are true. Then, also get removed... Tongue

PS. Still waiting for price to drop further....

Well, I am more concerned about his capability.
Assuming that Nera is Man U and they employ a S-league goalkeeper to guard the goal post, the fans will have heart attacks whenever the opponents come near the penalty box.
Reply
(28-08-2013, 09:18 AM)yeokiwi Wrote:
(28-08-2013, 08:54 AM)KopiKat Wrote:
(27-08-2013, 11:27 PM)pianist Wrote: avoid this guy's affiliation?

What could be the worst thing that could happen to listco with his affiliation?

- Assuming he's guilty of any crime, I supposed he'll be removed immediately from such affiliations.
- Perhaps the worst case is he's totally innocent, didn't know what's happening (totally negligent but didn't sign any incriminating document)....assuming all the allegations are true. Then, also get removed... Tongue

PS. Still waiting for price to drop further....

Well, I am more concerned about his capability.
Assuming that Nera is Man U and they employ a S-league goalkeeper to guard the goal post, the fans will have heart attacks whenever the opponents come near the penalty box.

That would fall under my above worst case scenario... In your analogy, Man U would unlikely employ an S-League goalkeeper... and if Nera (being Man U) do quickly realise they'd made such a mistake, they ought to be able to quickly rectify that...

Even now, perhaps he's facing intense questioning internally? Or, perhaps the Indonesians being also connected to other Indonesians (IndoFood) thro' biz are even now having urgent requests for meeting and info... Just letting my imaginations run wild...Tongue
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
Reply
Anyone knows if NeraTel has permanently changed its reporting period. I was expecting announcement of Q3 results these few days.
Reply
Dun think so else they would surely have make an announcement.

Last yr 3Q was reported on 18 Oct and usually by now we will get a notification of result announcement about a week before the release. So its a little late but I believe they have up till the end of the month to report on 3Q results.
Reply
(15-10-2013, 08:28 AM)lonewolf Wrote: Dun think so else they would surely have make an announcement.

Last yr 3Q was reported on 18 Oct and usually by now we will get a notification of result announcement about a week before the release. So its a little late but I believe they have up till the end of the month to report on 3Q results.

Thanks. You are a fan of that gamebook?
Reply
(15-10-2013, 08:58 AM)GPD Wrote:
(15-10-2013, 08:28 AM)lonewolf Wrote: Dun think so else they would surely have make an announcement.

Last yr 3Q was reported on 18 Oct and usually by now we will get a notification of result announcement about a week before the release. So its a little late but I believe they have up till the end of the month to report on 3Q results.

Thanks. You are a fan of that gamebook?

Gamebook??? Huh
My Dividend Investing Blog
Reply


Forum Jump:


Users browsing this thread: 4 Guest(s)