China New Town   

Profit Warning

This counter any room for improvement and still can buy or sell now....

 

Many of our local inv coy are resemblance with ds burger. Most coy suffer bad earning since d finance crisis. And still quite pessimistic on d same biz outlook in d near future.

Its biz 1Q turnover: Hotel ops 45.3% golf course ops 42.4%, golf club membership fees 23.1% others 6%, biz tax n surcharges -16.9%. For 1Q, Co remained in d red in line with a 95% out in revenue yoy caused by lack of sale of land infrastruc. Revenue fr compmercial ppty incl gold courses, hotel n retail shops decreased marginally. Interest income fell sigly by Rm 6.3m while finance costs were reduced by 69% or Rm 45m. 

07FY, NLAT was 287.353m RMB, 08FY NLAT was 845.543m. No div given so far since 05 listed. 

Note 100RMB : S$21.33

In early Jun ds yr, coy has proposed to buy back its Rmb 593.3m Senior Notes due 2011. D buy back will source fr d main sh holders like d Chairman n Sinopower Invs. 

 

This one must have something going to happen...

 

This counter seems to report losses every quarter

 

care to share why u like them so much?

Lazyhorse      ( Date: 08-Apr-2009 13:10) Posted: This is my favourite counter. I like it so much that I bought hundreds of lots many months back. I foresee it will reach $1 in future, during the times of my great-great-great grand children whereby one bowl of noodle will cost $30. So I recommend a "very strong" buy.

 

This is my favourite counter. I like it so much that I bought hundreds of lots many months back.
I foresee it will reach $1 in future, during the times of my great-great-great grand children whereby one bowl of noodle will cost $30. So I recommend a "very strong" buy.

 

What can you say on this type of counter ?

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4B563FA75575D490482574F3002E13F8/$file/CNTD_Profit_warning_announcement.pdf?openelement