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Fung Choi Media Group
25-08-2014, 08:46 PM.
Post: #1
Fung Choi Media Group
Another one of those undervalued companies.

Book value of 42cents while it trades at 8.6c or almost an 80% discount to book value

While profits has been declining due to the current high inflation environment in China, the Supply Chain Management business is expected to grow in an economy which emphasizes on domestic consumption.

Closest comparable would be Teckwah or Tat Seng Packaging. Both of them are doing really well while fung choi lags behind.

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25-08-2014, 10:48 PM.
Post: #2
RE: Fung Choi Media Group
yes this looks dirt cheap!

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25-08-2014, 11:19 PM.
Post: #3
RE: Fung Choi Media Group
F&N bought Fung choi at 30+ cents last time

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25-08-2014, 11:21 PM.
Post: #4
RE: Fung Choi Media Group
Any fundamental reasons for the cheap valuation?

(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time
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25-08-2014, 11:24 PM.
Post: #5
RE: Fung Choi Media Group
(25-08-2014, 11:21 PM)Curiousparty Wrote: Any fundamental reasons for the cheap valuation?

(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time

Its main business operations are in China. But China market has outperformed our local market.

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26-08-2014, 03:39 AM.
Post: #6
RE: Fung Choi Media Group
(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time

Has F&N divested?

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26-08-2014, 07:21 AM.
Post: #7
RE: Fung Choi Media Group
(26-08-2014, 03:39 AM)value seeker Wrote:
(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time

Has F&N divested?

No. It is still the 2nd largest shareholder.

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26-08-2014, 10:35 AM.
Post: #8
RE: Fung Choi Media Group
VBs here forgot it is a S-chip....
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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26-08-2014, 10:41 AM.
Post: #9
RE: Fung Choi Media Group
(26-08-2014, 10:35 AM)opmi Wrote: VBs here forgot it is a S-chip....
i agree. i was "misled" by "F &N" too. i tend to forget even professional or expert can miscalculate. Anyway, anything to do with S-CHIP (CHINA), i will be very careful.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

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26-08-2014, 12:48 PM.
Post: #10
RE: Fung Choi Media Group
(26-08-2014, 10:41 AM)Temperament Wrote:
(26-08-2014, 10:35 AM)opmi Wrote: VBs here forgot it is a S-chip....
i agree. i was "misled" by "F &N" too. i tend to forget even professional or expert can miscalculate. Anyway, anything to do with S-CHIP (CHINA), i will be very careful.

Are there any examples of S Chips being owned by local blue chip companies and where the number of Singaporean directors exceed the number of China Directors?

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