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Yeah - 50% profit. Thanks to all the support.
ykjuay ( Date: 04-Nov-2008 10:34) Posted:
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best buy at 6c b4 too late ....super underval stock in accumulation lately
3Q results is out - see it for yourself to decide if there is still value in this one.
Centaur ( Date: 17-Sep-2008 09:56) Posted:
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looks like its moving back up again..
Just did a quick calculation, assuming being prudent,we take RMB 360,873,000 (already less RMB 200mil for the construction of new plant) divided by 468,000,000 shares, there is still net cash of SGD 15.5cents
Cash flow should improve further as interest bearing loan is reduce. Its trade receivables and deposits is also about the same as its trade payables and accruals hence not much cash is needed to finance its short term liability (unless of course there is huge default in its receivables.)Continues to be a profit making company with with good operating cash flows (see its cash flow statement). From the above, I see value in this one.
Has been on a downward trend - now 13.5 to 14c (multi-year lows), and yet no takers. If you're in this stock, you need patience to reap the returns. Not for the faint-hearted.
serene ( Date: 15-Jul-2008 21:24) Posted:
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Yes. The stock is sold down due to poor Q2 results. However the selldown seems overdone as the company still reported profit abeit a lower one.
They have reorganised their production toward higher value/ margin yarn products. And can see that they are doing R&D on the bi-component fibre material and reported that they are on track in the construction of the industrial bi-component fibre production plants ( China largest ) to be ready in Q1 2009.
Stock is now trading 18c or below their nett cash position of 18.5 to 19c per share. NTA is about 35c per share. P/B is approx 0.51. Look very attractive to invest both short and long term. Caveat emptor. Cheers.
at another forum, someone did a calculation that C&G's cash is actually higher than the current stock price. which means stock is oversold, ah?
the forum link:
http://www.nextinsight.com.sg/component/option,com_fireboard/Itemid,67/func,showcat/catid,3/
I think 23c is a good value to accumulate this stock. Anyone shares the same view?
27c anyone? okay, let me consult the oracle of omahaWB and the wisdom of the HKsupermanLiKH.
HKsuperman has this favourite saying: "When no one want it, that's when I become interested if it's value."
OracleofOmaha like to quip this: "Be fearful when the mobs are greedy, but be greedy when the mobs are fearful."
Heeh... you decide.
27c anyone?
May be cheap and undervalued, but nobody interested. CIMB report below.
1Q08 net profit of Rmb43.9m was 27% of our FY08 forecast and 26% of consensus. The results look strong again, only because of an exchange gain of Rmb12.2m (4Q07: Rmb11m). The gain emanated from a US$20m loan taken out in FY06 and the strong Rmb appreciation over the US$ in the quarter. Excluding the boost, core operating profit would be only 24% of our FY08 operating profit forecast.
Ceasing coverage due to lack of institutional interest. A weak S-chip market has depressed sector valuations to 4x CY09 P/E. C&G Industrial has also fallen down to a micro-cap level. Although the stock not expensive, we believe investors would be keener on the bigger alternatives, especially given the weak outlook for C&G's downstream products. We withdraw our previous target price of $0.78 and Outperform rating, on lack of investor interest. In the near term, we prefer Sino Techfibre for its PMP re-rating catalysts.
report for sharing...
<
Valuation and recommendation. We pegged our TP to the 8x (20% discount
to comparables average) blended FY07-08 EPS in order to achieve a
normalized earnings projection since most of the contribution from PSF and
compact combed yarn will only be felt in FY08. In view of the execution risk in
rolling out PSF and the streamlining of the business scope, we give a further
discount of 10% to arrive at our TP of $0.94.>
Valuation and recommendation. We pegged our TP to the 8x (20% discount
to comparables average) blended FY07-08 EPS in order to achieve a
normalized earnings projection since most of the contribution from PSF and
compact combed yarn will only be felt in FY08. In view of the execution risk in
rolling out PSF and the streamlining of the business scope, we give a further
discount of 10% to arrive at our TP of $0.94.>
to comparables average) blended FY07-08 EPS in order to achieve a
normalized earnings projection since most of the contribution from PSF and
compact combed yarn will only be felt in FY08. In view of the execution risk in
rolling out PSF and the streamlining of the business scope, we give a further
discount of 10% to arrive at our TP of $0.94.>
Hi guys for your info. the results will be ann. on 22/02/07. Happy investing.
As expected, up strongly!! BUT, this gem is still undervalued!
when e results out for this ctr?
when e results out for this ctr?
please wait on its FY results b4 commenting on that... hehehe
could surprise on the upside!
This hidden gem finally get coverage by analyst.....Target Price 89c!
Although most indicators are pointing up but CG tech has hit its upper bollinger band. Expect a consolidation period.
*vested*
ya. i haven't been in the market for quite a while.
my alert never beeps =)
my alert never beeps =)