
CIMB reports 27 feb 
 
4Q12 results above, but expected 
Given that 9M12 results were ahead of our conservative expectations (9M 
sales and net profit formed 89.9% and 96.0% of our forecasts, 
respectively), it does not surprise that Eratat’s FY12 sales were within our 
expectations while net profit was 14% above our forecast. 
FY12 results, however, show the need for further development on the 
distribution network front as full-year sales fell 1%. There were no 
changes in the number of distributors. Eratat continues to meet with 
potential new distributors which have market experience in Shanghai. 
In the absence of further negative surprises from rebates/subsidies, we 
expect FY13 to see EPS growth of 19.7% yoy. The continuation of its 2.5 
Rmb fen DPS should give investors some comfort. 
We now value Eratat at 0.55x CY13 BVPS (historical average P/BV) and 
increase our target price to S$0.255. 
think2profit may i know which brokerage are you using? i'm using dbs vickers atm i really want to switch...... i posted on forums they say standard charter is a good one. 
think2profit ( Date: 26-Feb-2013 11:27) Posted:
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haha yup sorry about predicting bad news yesterday. Saw the doji couldn't help saying it out. 
However i'm still very bullish about this counter invested more today. 

think2profit ( Date: 25-Feb-2013 22:46) Posted:
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Eratat has successfully cleared 15cts and it is best time to accumulate when investors still feel uncertain  despite a strong  4Q result that  should have given  good confidence. It shd give good profitability if you dare to get in now.  Huat Arh!
Eratat has a very low PE 2.7 and high cash [15cts per share]. With a solid  4Q and div of 0.5cts, we should see it steadily moves up and cross 20cts soon, like ISDN. Huat Arh!
nokolosti ( Date: 25-Feb-2013 18:14) Posted:
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I'm not really a technical indicator person. However i see a doji at the top now. Anyway i just invested today 

 
This game is super fun i won alot of points, think i'm going level up.  
WOW O_o 150 lots is about $24000 
  haha i'm still just starting out in investing i small fly. 

think2profit ( Date: 25-Feb-2013 13:57) Posted:
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4Q gives a lot of confidence to Eratat that it has successfully transformed its biz to premium men wear. IPO price at 30cts and current price is still very cheap. Bot another 150 lots today.
nokolosti ( Date: 23-Feb-2013 12:32) Posted:
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big player 
250 lots!!! 

think2profit ( Date: 29-Jan-2013 21:09) Posted:
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anyone using chart nexus for this counter? I cannot find any data on chart nexus or mine is bugged  
From the strong momentum today, we should see it cross 20cts by next Tue or Wed. Huat Arh!
congrats to all those vested.
I did a contra trade today at 15.8.   earn some " coffee-money" for today.
core holding intact. 
anyone know when is Eratar's investor briefing for yesterday result?
You are right. If you are into Eratat like I do for some time now, you will know that it is a good company with potential growth. Again, Eratat has not disappoint. Results are better than expected and company liqulidity looks even stronger now with a subtantial rise in Net cash per share. I intend to buy in another  few hundred thousand  lots first thing in the morning. My TP is $0.25 cents.
 
on second thought, if tomorrow price is still around 14 cents, I will likely increase my holding by 50%.   :)
 
Eratat result is out.   At the first glance, the Q4 number looks alright, just as expected, which is consider very good if one compare it with the rest of the sports apparel company.   I think Eratat has sort of transform itself to a fashion company.
Perhaps if they can show Q on Q positive FCF during 2013, the stock will really fly.
Net cash per share is now 15.04 cents! 
Looking to collect the dividend soon (RMB0.025)   :) 
Vested.   Intend to hold on for a little while more.
There are some large lot transaction today and they could be from fund managers who regularly attend Eratat's quarterly result briefing. I am sure they have been waiting for opportunity to get into Eratat with extremely low pe, high cash and highly rated  corporate governance. My tgt is 25cts!
lltan20012002 ( Date: 20-Feb-2013 14:59) Posted:
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here is likely what i would do:
1. 0.16 divest 15% and wait for 0.185 divest another 20%.   Above 20 will square position.
2. stop loss 0.128 
a lot depends on the pending result announcement and momentum.
how about you? whats your target?
any price target?
lltan20012002 ( Date: 20-Feb-2013 10:44) Posted:
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yamada was really a lucky break......i think nobody expected Mr Goi's move but I am grateful that i had vested a small amount of shares earlier.
but yes, from a fundamental perspective, eratat holds great potential.