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It' s dropping after breaking support level of 0.43. Now, this one is on the way to test next support level of 0.30 soon.
turtletrader ( Date: 28-Feb-2020 11:37) Posted:
| Actually quite stable - some big banking shares drop more in this correction by percentage term. So it is quite stable in comparison. |
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Agreed with SeePehJiaLat on the mood swing. Look at the past chart of this counter, it was traded near $1 in Dec 2018 and went up to $1.4 in Apr 2019. Now it' s coming back to the same level due to the market sentiment over the Covid-19 which I believed it will be over somedays later. If the price is expected to go up to $1.30, that' s a good opportunity to go in at current level.
kandinsky ( Date: 04-Mar-2020 17:55) Posted:
I would rather not collect any dividend and the price recover to 1.3.
SgTrader17 ( Date: 04-Mar-2020 17:16) Posted:
| Hope will see a bottom soon. I bought at $1.33. Now $1.09. No sign of going back up anytime soon. Collect dividends $0.047, also need 5 years to get back my capital loss. Lol. Don't know why, each time I trusted a China relates business or company, each time it failed to live up to its expectations. Really need to think twice next time when I want to buy a China company. If share price is not going up, all that is good are rubbish in realistic value. Sibei sianz. |
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I don' t think people understand this company welll enough. For me, it' s time to bottom fish good companies.
kandinsky ( Date: 04-Mar-2020 13:23) Posted:
| Really no recovery in sight even with good financials for this great company. |
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Can these words be trusted?
hmmhmm ( Date: 03-Mar-2020 08:52) Posted:
| Hmm.....US Deputy President mentioned medicine for Covid-19 will be lauched much earlier than vaccine....?That is great... |
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In Apr 2012, it was around $0.74 level. Wondering it will test that?
vivacious ( Date: 26-Feb-2020 14:29) Posted:
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It' s ok, I rather such good company' s price stayed at attractive level for long term investment. This one has been profitable and debt free.
kandinsky ( Date: 26-Feb-2020 14:36) Posted:
| These days good results don't necessarily translate to upward share price movement. Really sad. |
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Based on the past records, the dividend payment is subject to approval at AGM in last week of Apr and pay out in early May.
kandinsky ( Date: 26-Feb-2020 13:11) Posted:
When is payment date? I didn't follow
brchkho1 ( Date: 26-Feb-2020 13:01) Posted:
| Good result is out liao. EPS US$0.1161. Paying S$0.047 slightly better than S$0.045 last year |
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Good result is out liao. EPS US$0.1161. Paying S$0.047 slightly better than S$0.045 last year.
kandinsky ( Date: 19-Feb-2020 15:18) Posted:
| When are they paying dividend again? |
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Now tourched 0.43 liao, will go down if this support is broken.
brchkho1 ( Date: 18-Feb-2020 21:40) Posted:
Need to break 0.455 first, and thereafter 0.43.
spore1 ( Date: 18-Feb-2020 19:28) Posted:
| Like that!30 cents could be the next destinatio |
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Have also down loaded " 丁 香 园 &ldquo app and followinng closely. 5 hours ago, there was an announcement saying any vacinnation found now are rumors.
brchkho1 ( Date: 25-Feb-2020 22:45) Posted:
Have been following up on CCTV news channel, nothing so far leh.
happietrade ( Date: 25-Feb-2020 18:43) Posted:
| I cannot find but that?s what I heard on Class95. |
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Have been following up on CCTV news channel, nothing so far leh.
happietrade ( Date: 25-Feb-2020 18:43) Posted:
I cannot find but that?s what I heard on Class95.
TANPK123 ( Date: 25-Feb-2020 18:20) Posted:
| Where to find the news? True? Huat liao la |
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See how China beef up the protective gear productions. Other factories are helping in the production to race with the time.
http://www.cctvplus.com/news/20200214/8135242.shtml#!language=1
Shifu8888 ( Date: 21-Feb-2020 17:18) Posted:
| Forget Medtecs. Focus UG. Medtecs screwed by own director for dumping its own shares. Not possible to revive unless Spanish flu type of pandemic. |
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Medtec major shareholder cleared all his holdings and took a few days to file announcement. This one, major shareholders often buy in. This counter is good for long term investment is you can buy it at lower price. SHL doesn' t accumulate land bank which is conservative.
iinvestor ( Date: 20-Feb-2020 11:45) Posted:
Not penny lah.... like Medtec one month wonder type....this one long term
Others sweating to sell new launches..empty showflats.....our company here already almost fully sold...solid  |
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This counter is not a speculative counter. It' s not on the radar of the players.
LL666666 ( Date: 19-Feb-2020 16:39) Posted:
| Hmmm... No movement despite positive result. |
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The following is an extract of the result announcement:
" As announced on 28 January 2020, the Sponsor has temporarily closed the four outlet malls in Sasseur REIT&rsquo s portfolio since 26 January 2020 for Chongqing and Bishan, and since 27 January 2020 for Hefei and Kunming. The measures are to safeguard the health and safety of its staff and customers, and to comply with guidelines of the relevant authorities in China. Sasseur REIT will continue to work closely with the local and central governments to coordinate the recommencement of work and quick resumption of business operations when it is deemed suitable to do so. Due to the timing of the Chinese New Year break (in late January) and mall closures of about three weeks thus far, Management expects that sales for the first quarter of FY 2020 (&ldquo 1Q 2020&rdquo ) will be affected. However, given that Sasseur REIT&rsquo s EMA rental model protects the REIT with a fixed income component, the impact on total distributable income will be mitigated. Sasseur REIT is mindful of the challenges posted by the COVID-19 situation and will continue to monitor the situation closely. Overall, we remain positive on the fundamentals for the outlet business in China. "
brchkho1 ( Date: 20-Feb-2020 08:48) Posted:
Result is out. Q 4 Income distribution of 1.629 cts similar to all the past 3 Qs. Q1, Q2 and Q3 were 1.656, 1.608 and 1.640 respectively. Total Income distribution for FA19 6.533 cts yielded 8.115% based on yesterday' s losing price of $0.805. Last year same period, there was a Capital distribution of 3.541 cts instead of Income distribution. Many may take it as a drop in distribution without looking into details.
SteadyInvest ( Date: 19-Feb-2020 13:56) Posted:
| this coming result should not be affected by the temp closure as the reporting quarter is til end dec 2019 |
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Result is out. Q 4 Income distribution of 1.629 cts similar to all the past 3 Qs. Q1, Q2 and Q3 were 1.656, 1.608 and 1.640 respectively. Total Income distribution for FA19 6.533 cts yielded 8.115% based on yesterday' s losing price of $0.805. Last year same period, there was a Capital distribution of 3.541 cts instead of Income distribution. Many may take it as a drop in distribution without looking into details.
SteadyInvest ( Date: 19-Feb-2020 13:56) Posted:
| this coming result should not be affected by the temp closure as the reporting quarter is til end dec 2019 |
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Unable to open the link. So copy the whole article.
MEDTECS INTERNATIONAL: HIT BY THE DISCLOSURE VIRUS
By Mak Yuen Teen
On February 17, 2020, between 8.04 and 8.05 pm, Medtecs International issued seven announcements on disclosure of changes in interest for Xia Junwei, the deputy executive chairman of the company. These seven announcements relate to six share disposal transactions that resulted in Xia&rsquo s stake falling from 14.9% to zero.
According to all the announcements, the company was notified of the change in interest for Xia on February 14, 2020. It appears he had fallen out of love with the company. The shares were sold through a series of market transactions for $10,758,275 at an average price of $0.1314. According to the disclosures, those six transactions occurred on January 30 (average price = $0.1820), January 31 ($0.1242), February 3 ($0.1273), February 4 ($0.1204), and the last two on February 6 ($0.0902, $0.1007) respectively. The disclosures stated that Xia became aware of all these transactions on February 6. Xia bought into the company in September 2015 at $0.07 for $5.7 million, so would have made a tidy profit in less than five years.
Xia was deemed interested in the shares held by DBS (Nominee) Pte Ltd. The announcements of the disclosure of changes in interest included the following explanations: &ldquo 1. I have an open instruction to my staff Vivi Wu to liaise with DBS team to dispose my shares on 30 Jan&rdquo , 2. Vivi Wu is the authorized person to give DBS team instructions&rdquo , &ldquo 3. I was informed by DBS on 6 Feb on the complete of disposal&rdquo .
Medtecs shares had started a price run-up on January 21 when they closed at $0.092 compared to $0.052 the day before, an increase of 77%. Its volume increased to more than 178 million shares compared to about 14 million the day before. The increase followed the announcement of the first confirmed cases of COVID-19 (Wuhan coronavirus) outside of Mainland China on January 20.
Medtecs describes itself as &ldquo a well-known healthcare products and hospital services provider and a leading manufacturer of reusable hospital apparel, disposable personal protective equipment (PPE) and workwear.&rdquo Clearly, the market was speculating that Medtecs might benefit from the sharp increase in demand for the types of products and services it offers. The share price peaked on January 29 at $0.21 before closing at $0.196 that day &ndash an increase of 277% from January 20. It started falling the following day, reaching $0.076 at the close of trading on February 6.
In other words, Xia started selling his shares immediately after it peaked and continued selling until February 6. On February 7 &ndash after Xia&rsquo s sales had been completed &ndash Medtecs&rsquo shares started to increase again and closed at $0.103, and reaching $0.113 at the close of trading on February 14. Following Xia&rsquo s notifications to the company after the close of trading on February 14 &ndash when he disclosed that he had disposed of his entire stake of 14.9% through the six transactions &ndash the share price closed down at $0.104 on February 18.
Medtecs was not queried about the sharp increase in price and volume, presumably because SGX took the view that the market was upbeat about Medtecs&rsquo prospects given its business and the spread of the virus.
In my view, given that Xia is a director (and deputy executive chairman), his actions raise possible issues relating to insider trading, discharge of director duties and timely disclosures.
The regulator should examine whether Xia traded while in possession of material non-public information when he started selling his shares. As an executive director and deputy executive chairman, he is likely to have information as to whether Medtecs would be able to benefit from the surge in demand for healthcare products created by the virus. The regulators should also examine whether the board or management made any decisions on production plans to meet increased demand. There is also the possibility that others were aware of his share sales and sold too.
Alternatively, even if he was not trading on inside information, there is the question as to whether his actions contributed to the fall in the share price and hurt the interests of the company and its shareholders. It is possible that the share price might have continued to increase if he had not sold out of the company.
Of course, arguably the clearest breach is the late disclosure of the share disposals. All the transactions should have been notified to the company within two business days under the SFA. Instead, they were notified between 6 and 11 business days after transactions. The sanitised explanations provided by Xia do not mask the fact that the disclosures were late and not compliant with the SFA. The late disclosures went viral on social media as soon as the disclosures were made. Six late disclosures are clearly not isolated cases.
This case also highlights the importance of companies having robust share trading policies that require directors to inform the company of an intention to trade prior to the trading. Xia&rsquo s share transactions did not occur during the &ldquo blackout periods&rdquo around results announcements but there will nevertheless be questions as to whether he was trading while in possession of inside information. In fact, every time a director trades, that question will arise.
It also turned out that when Xia&rsquo s 14.9% stake, which was initially held directly by him, was transferred to DBS (Nominees) Pte Ltd on February 22, 2016, the change from direct to deemed interest was only notified to the company on March 23, 2016. It was stated that the announcement was prepared by the company and reviewed by the sponsor, R& T Corporate Services. Did the company secretary and sponsor advise Xia about his disclosure obligation, and was the sponsor expected to report it to SGX?
Speaking of the company secretary and sponsor, it turns out that the joint company secretary of Medtecs, Abdul Jabbar Bin Karim Din, is a partner at Rajah & Tann Singapore LLP and a director of R& T Corporate Services. R& T Corporate Services is the continuing sponsor of Medtecs. The two registered professionals for Medtecs are both also partners at Rajah & Tann Singapore LLP. In our recent article about sponsors&rsquo conflicts, we had mentioned that we were particularly concerned about affiliates of sponsors providing services such as corporate secretarial or investor relations services to their sponsored issuers.
In Medtecs&rsquo case, the latest annual report disclosed non-sponsor fees of $35,191 paid to Rajah & Tann Singapore LLP., which presumably is for the corporate secretarial services. But mere disclosure does not lessen the potential conflicts, especially in this case where the company secretary and the registered professionals are all partners at Rajah & Tann Singapore LLP, and the company secretary is also a director of R& T Corporate Services, which is the continuing sponsor.
gregtan123 ( Date: 19-Feb-2020 16:19) Posted:
i tot he is largest shareholder? he has 14%, CEO Yang has 6%?
WL123456 ( Date: 19-Feb-2020 16:18) Posted:
| Forget about this stock. When the second largest shareholder cash out all his shares and announces late , he has no regards to the shareholders and the company. Let this stock slowly die. |
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It' s a good publicity, let' s see what is going to happen to the share price. Chiong Ah.......
stockinvestor ( Date: 18-Feb-2020 22:24) Posted:
oh well, since the BT link doesn' t work. just copy and paste here:
Sing Holdings posts 305% jump in 2019 earnings of S$45.4m
TUE, FEB 18, 2020 - 8:42 PM
MAINBOARD-LISTED property development and investment group Sing Holdings made a net profit of S$45.4 million last year, up 305 per cent from S$11.2 million in 2018.
Revenue in the 12 months ended Dec 31, 2019 was S$316.4 million, up 315 per cent from S$76.2 million in 2018.
Sing Holdings said: " Property development activities in Singapore contributed significantly to the group' s turnover and earnings, with additional units sold and higher percentage of revenue recognition as construction progressed."
Meanwhile, turnover arising from property investment activities in Australia decreased due to a drop in occupancy rate. Property investment activities did not contribute to the group' s earnings as a result of loss on fair-value adjustment of investment property.
Sing Holdings has an ongoing private condominium development at Fernvale Road known as Parc Botannia, which is a 70:30 joint venture between the group and Wee Hur Development. Approximately 99 per cent of Parc Botannia units have been issued options to purchase, amounting to sales value of about S$722.1 million. Revenue from sales will continue to be recognised progressively over time based on construction progress, the group said.
The group also owns 43 strata units with a saleable area of 44,275 square feet in an industrial building, BizTech Centre. Of this, around 87 per cent is tenanted.
In Melbourne, Sing Holdings owns a limited-service hotel known as Travelodge Docklands. Its average occupancy rate has been above 90 per cent and the hotel' s income provides a stable stream of recurring income to the group, it said.
" However, faced with keen competition from new and upcoming hotels, coupled with the negative impact of the bushfires and coronavirus, room revenue is expected to decline due to drop in occupancy rates and compression of room rates," it added.
Sing Holdings said it will closely monitor market developments like the potential effects of the coronavirus outbreak on the property market.
" Whilst keen to replenish its land bank, it will remain cautious in its land bids in view of the uncertainties in the overall environment," the group said.
Full-year earnings per share was 11.31 Singapore cents, up from 2.78 cents for the 2018 financial year.
A final dividend of 1.85 Singapore cents was recommended, up from a final dividend of 1.2 cents in the same period last year. The dividend and its pay date are subject to shareholders' approval.
Net asset value per share was 73.70 Singapore cents as at Dec 31, 2019, up from 63.98 cents as at Dec 31, 2018.
Sing Holdings shares rose 1.5 Singapore cents or 3.75 per cent to S$0.415 on Tuesday before the results were announced.
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Hahaha.... Lee family do not to reward themselves in this way lah. Knowing them for so long, they have the cash cows of SHL & SIF and they don' t live a lavish lifestyle.
iinvestor ( Date: 18-Feb-2020 22:01) Posted:
| Maybe next year Lee family generous dish out ' election package' to reward themselves.....finger crossed |
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Will pick up somemore if it goes lower.
chengwh1 ( Date: 18-Feb-2020 17:15) Posted:
Why did this retreat, bro ? I have not discovered any new ann' ts or news pertaining to Sasseur. Just the standard daily Covid-19 updates from China and the rest of the world.
teeth53 ( Date: 18-Feb-2020 15:02) Posted:
| Were hoping to pick some after news break on covid-19, the low is ard 0.785, now currently trading 0.795 to 0.800. Very steady |
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