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hi hmm3101,
volume has been slowly inching up for this counter. possibly may hits 0.15 soon.
i m vested too
Hi Kodiak,
Thanks alot. Any further upside for this counter? What is your advise? vested
hi hmm3101,
i hv observed this counter fell from a high of 0.15 to a low of 0.105 in the year 2006. after the announcement of 3G participation this year - this counter has experienced a few surges from 0.105 to 0.12, then from 0.12 to the current level 0.14.
maybe something is brewing
It has been certified to participate in the setting of the 3G network in PRC, based on the TD-SCDMA standard. Only a few are qualified for 3G involvement. It was one of the invited candidates to showcase their 3G-related products at the trials, on the back of the impending rollout of 3G by early 2008.
network in PRC, based on the TD-SCDMA standard. Only a few are qualified for 3G involvement. It was one of the invited candidates to showcase their 3G-related products at the trials, on the back of the impending rollout of 3G by early 2008.
Under a joint collaboration with the telecom operators, Ace Achieve will be taking part in the first phase of the TD-SCDMA network setup, which includes the infrastructural networking of the ten PRC cities involved in the Beijing Olympic Games 2008. This brings along huge growth potential.
It said its total outstanding order book reached RMB162.1m yuan, after winning RMB75.6m of new orders in the months of June, July and August. The bulk of these new orders are expected to be delivered in the current financial year, the company said in a statement.
While the majority of the new orders are for Ace Achieve's business and operations support solutions, there has been a growing demand for the group's telecom applications solutions, Ace Achieve said.
"At present, our orders are mainly project-based and any recurring income is derived from the maintenance and upgrading of our software platforms and solutions," Ace Achieve executive chairman Deng Zelin said.
"Moving forward, we hope to derive more of our new orders from the revenue-sharing model," he added.
The telecom software firm reported a 27% fall in earnings to $8.4 m. The poor showing came amid jumps in staff, R&D and distribution costs, doubtful debts and impairment of inventory.
This is in-line with CIMB-GK's expectation of a 30% drop.
CIMB-GK's target price is $0.16, pegged at 4x CY06 PE, given its high collection risk. Debtor turnover days jumped from 205 days in FY05 to 353 days in 1H06. The higher receivable days could affect its short-term cashflows and capex for expansion, possibly leading to provisions. Assuming it makes 5% provision for its debtor turnover, its FY06 earnings could be dented by 30%.
It will review its neutral rating after the release of the results.
Sounds like bad news....
ACE ACHIEVE INFOCOM LIMITED
Profit Guidance
Following a preliminary assessment of the Group?s financial results for the 16 months period ended 30 April 2006, the Board of Directors of Ace Achieve Infocom Limited (the ?Company?) would like to advise shareholders that while the Group is expected to remain profitable for the period ended 30 April 2006, the net profit for the period ended 30 April 2006 is expected to be lower compared to the previous 16 months period.
Further details of the Group?s results will be disclosed when the Company finalises and announces its unaudited financial results for period ended 30 April 2006.
Submitted by Deng Zelin, Executive Chairman on 1 June 2006 to the SGX
From TA analysis, the RSI and Accumulation/Distribution are downtrending. Have been on this trend for about 1 month already. I think the price will fall further.
Hope this helps !!