05-12-2010, 07:31 PM
(05-12-2010, 12:33 AM)pianist Wrote: there was no dividends declared from 2003 to 2008 and apparently in fy2006 they made a loss of about $2.4m. i also noted that they have kitchen stoves, however there are no induction cookers which are quite popular in today's households?
apart from the above, the financials are good and prospects look good too in view of the upcoming many new housing developments that will be completing, but i wonder what might happen after this wave of prospect?
I have not dug into Casa's distant past, but including the latest FY10, Casa based on the existing operations now has 3 consecutive years of steady profitability and dividend payment record.
To understand Casa's market position in supplying kitchen appliances and water heaters to new private housing projects, we can simply review the lists of property developer clients and projects undertaken from the "Elba" and "Ariston" brand websites.....
http://www.elba.com.sg/projects.aspx
http://www.ariston-heater.com.sg/projects.html
We should bear in mind the "Elba" brand covers practically all the common kitchen applicances a typical mass-market condo project would provide. Being a European brand, "Elba" is already an established mass-market brand for developers and consumers in Singapore.
While "Elba" does not seem to have induction cookers, we should bear in mind most mass-market condo projects have gas hob as a standard appliance. Having said that, most new higher-end condo projects now have built-in induction hobs in the dry-kitchen and gas hobs in the wet-kitchen.
Apart from new condo projects, Casa sells to the mass up-grading or secondary market via a well-established network of independently-owned local dealers.....
http://www.elba.com.sg/dealers.aspx
http://www.ariston-heater.com.sg/dealers.html