ShareJunction - Member Posts

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Need to add these comparisons before I go sleep now.

Kimly Current PE Ratio : 19 times
Vs
Sheng Siong Current PE Ratio : 23 times
Vs
Jumbo Current PE Ratio : 28 times

Kimly still have sime catching up to do. :P

huangyuanhe ( Date: 04-Apr-2017 21:18) Posted:

Let's compare Coffee (Kimly) and Sheng Siong (Tea).

Kimly : Retail vs Sheng Siong : Retail
Kimly Revenue : Cash Generating vs Sheng Siong : Cash Generating
Kimly Market Cap : $ 500 mil vs Sheng Siong Market Cap: $ 1450 mil

Both are Asset Light.
Both cater to daily necessities needs
(Food vs Groceries)
Kimly A & P Expense : Minimal vs Sheng Siong A & P Expense : Much much more than Kimly
Kimly have Rental Income vs Sheng Siong No Rental Income

Kimly Share Price $0.475 vs Sheng Siong $0.995

Soon Sheng Siong will be $1.10.

Kimly $0.55

lifeisgood ( Date: 04-Apr-2017 18:08) Posted:

No kidding, this coffee shop operator currently worth half a billion dollars. Wow!

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Bro, I tried to understand what you thinking as I still dont really understand hehe : )

I noticed after I bought up at 2.77. After that a quick while, trading become 2.77 / 2.78 almost like whole day.

Other than that, I have no other special observations today for this stock.

U2. Have a great week too !

FATABA ( Date: 04-Apr-2017 22:12) Posted:

Great, U learn something......Merrill Lynch ....as vol is only 10 lots...really cant tell....cld also be a ML client
Tha is why if several investor on this forum can share out their sales./buy ....maybe a clearer picture can emerge.
Hv a nice week ahead.

huangyuanhe ( Date: 04-Apr-2017 21:47) Posted:

I figured out how to check the Counter Party after asking my broker.

Just pressed the underlined Stock Name with the Order Status filled mode.

I got it when price was 2.76 / 2.77. Means I ate up at 2.77.

All 10 Lot Counter Party : M. LYNC

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This week and next week will be very Bullish. Mr Xi will be flying to US to meet Mr Trump.
This Summit was in some way "brokered" by Trump's daughter in February. Hence, should be very positive and optimistic.
Xi will not go there if he is not sure about the positivity-ness of the Summit.
Trump is a businessman. So will talk doing business.

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I figured out how to check the Counter Party after asking my broker.

Just pressed the underlined Stock Name with the Order Status filled mode.

I got it when price was 2.76 / 2.77. Means I ate up at 2.77.

All 10 Lot Counter Party : M. LYNCH

FATABA ( Date: 04-Apr-2017 15:42) Posted:

DBS Vickers is yr broking hse....I not v familiar w their sys....but there shld be a code showing the counter party that bot yr shares ?
( if not sure/ best check w your broker ) .

At this moment all the top 3 bidders are known.....all dont want to show their final cards....( and we can safely assume the offer wld be much higher than current traded price ). The BB will tried to gather as much shares as possible and yet not push up the price too much to their offer price.( if its push that near, how to attach retail or others to give up and accept the offer....at least we normally see a 20% premium to last traded price ...right ? )
So if the sellers / more likely they are still in market trying hard to maintain this level....I wld assume and not let it push up .
I guess the liquid shares now are not many ....after so many mths of accumulation and push up .
Of course I if small fish it can be a retail giving up ..... U have 10 lots ....are they eaten up in 100s....or one deal all 10 lots . ?
( this is just my reasoning ...need not agree or disagree....dyodd and checks...) Happy investing.

huangyuanhe ( Date: 04-Apr-2017 15:03) Posted:

Mine is DBS Vickers. Where to check ? Why big fish seller is good ? Supposed to be big fish buyer is good right ? Pls advise. Thanks.

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Hold. Sheng Siong under "Consolidating Mode" for quite some time at $0.925 to $0.945.

Now is only the beginning.

Super Group teaches us the F & B - Retail stocks in Singapore is good for investments.

I spread my F & B - Retail portfolio into these 3 stocks:
Sheng Siong : 35 % (very recession proof)
Kimly : 35 % (very recession proof)
Jumbo : 30 % (not very recession proof but still ok)

yingtai ( Date: 04-Apr-2017 14:30) Posted:

hold buy or sell?

bishan22 ( Date: 04-Apr-2017 13:43) Posted:

Makan with many 100 units. Auto program by BB. Huat arh .....

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Study the Price Trends of Kimly vs Jumbo and Sheng Siong. Almost the same.

rlong8288 ( Date: 04-Apr-2017 16:11) Posted:

But everyday going downward, also vested

huangyuanhe ( Date: 04-Apr-2017 14:57) Posted:

Vested. I trust Kimly results to be good. I also trust Temasek Holdings' s Heliconia judgement.

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Let's compare Coffee (Kimly) and Sheng Siong (Tea).

Kimly : Retail vs Sheng Siong : Retail
Kimly Revenue : Cash Generating vs Sheng Siong : Cash Generating
Kimly Market Cap : $ 500 mil vs Sheng Siong Market Cap: $ 1450 mil

Both are Asset Light.
Both cater to daily necessities needs
(Food vs Groceries)
Kimly A & P Expense : Minimal vs Sheng Siong A & P Expense : Much much more than Kimly
Kimly have Rental Income vs Sheng Siong No Rental Income

Kimly Share Price $0.475 vs Sheng Siong $0.995

Soon Sheng Siong will be $1.10.

Kimly $0.55

lifeisgood ( Date: 04-Apr-2017 18:08) Posted:

No kidding, this coffee shop operator currently worth half a billion dollars. Wow!

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Mine is DBS Vickers. Where to check ? Why big fish seller is good ? Supposed to be big fish buyer is good right ? Pls advise. Thanks.

FATABA ( Date: 04-Apr-2017 14:29) Posted:

Cau kindly share the seller ? Hope its a big fish

huangyuanhe ( Date: 04-Apr-2017 14:27) Posted:

Added 10 lot today. $2.77.

Sensed something brewing.

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Vested. I trust Kimly results to be good. I also trust Temasek Holdings' s Heliconia judgement.

sheerluck ( Date: 31-Mar-2017 22:50) Posted:

Waiting to see H1 results.

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Listed so many years. Profits so nice. But shareholders have dividends from nice profits ?

I vested at 18.5 cents. Out on 17.7 cents. Cut loss after seeing the forum comments here. (or else I still stucked at 18.5 cents)

bigdragon966 ( Date: 04-Apr-2017 14:48) Posted:

Are you asking SGX to investigate KENNETH LIM of Business Times?

HardtoWin ( Date: 04-Apr-2017 14:24) Posted:

Shortist try very hard by posting old news...desperate to push price lower...where is SGX investigating team?

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Finally Sheng Siong up . Vested for so long then see this up.

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Added 10 lot today. $2.77.

Sensed something brewing.

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Many seem to forget easily. Not vested.

mepkoh ( Date: 25-Mar-2017 18:16) Posted:

HORLAND TRIP FREE..COME BOOK YOUR TICKETS..

Write-off, impairment: YuuZoo, ISR must tell more:

Thursday, March 23, 2017

by KENNETH LIM@BT

A TOUGH economy can force companies to reassess the value that they had attached to their assets and businesses, and sometimes that reassessment results in a write-off or an impairment.

But as the write-offs and impairments pile up, regulators and investors must be extra vigilant against listed companies that claim an irreversible loss on an asset' s value but fail to properly explain why that loss had to be incurred. In particular, social shopping network platform YuuZoo Corp and investment services firm ISR Capital are two recent examples where clarity from the companies is sorely needed.

The need for those explanations exists on a few levels. Most fundamentally, when a company says that it is not actually worth what was previously declared, shareholders need to understand why the discrepancy existed. From a prudential perspective, shareholders also need to guard against possible shenanigans, because write-offs and impairments could be the result of over-aggressive revenue recognition or improper transfers of assets out of a company.

In its Feb 28 fourth-quarter and full-year results announcement for the 12 months ended December 2016, YuuZoo restated its 2015 numbers " due to a write-off of S$16.8 million of trade receivables" that reduced its 2015 net profit to S$15.9 million from the previously reported S$32.7 million.

That was the only mention of the write-off in YuuZoo' s announcement. The company did not disclose who the customers were that owed those receivables or how long those receivables had been outstanding and why the company no longer views those receivables as recoverable. YuuZoo had also given no hint previously that such a massive write-off was coming, or that it even had an issue with delinquency. There was no disclosure about any attempts, if any, YuuZoo had made to try to collect on those receivables. For a company that burned through S$8.9 million of cash from operations and investing activities in 2016 and had only S$3.8 million of cash left as at Dec 31, 2016, S$16.8 million of trade receivables is not an amount that can be easily forgone.

The lack of clarity is especially troubling for YuuZoo, which values its substantial non-cash revenue in ways that have raised concerns from its previous auditor, Moore Stephens. Moore Stephens declined to continue with YuuZoo in 2016, and YuuZoo this year appointed RT as its new auditor. Given the circumstances, that significant write-off of trade receivables raises the natural question of whether the original revenue numbers were reliable to begin with.

YuuZoo' s write-off has implications on its current numbers as well. If the company has trouble collecting from some customers, is it properly assessing the credit of its customers and franchisees? What is the risk of more write-offs down the road? YuuZoo has not made any allowance for impairment of trade receivables in fiscal 2016.

Asked to comment, YuuZoo' s recently appointed chief financial officer Raul Ikonen declined, saying that he wanted to wait until the company' s audit was finalised, which would be " at least until end of March or early April" .

While YuuZoo' s write-off involves money that was supposed to appear but did not, ISR' s case involves money that already existed, but was handed out and may no longer return. On March 1, ISR reported its full-year results for the year ended Dec 31, 2016. Non-current debt securities held by ISR that was worth S$2.24 million as at end-2015 was completely wiped out. " The decrease was due to full impairment of the existing debt facility" as at Dec 31, 2016, ISR said.

ISR did not say how much " full impairment" was in its review of its 2016 performance, but a look at the cash flow statement reveals that " full impairment" was actually S$3.7 million. ISR had lent the borrower S$2.2 million as at end-2015, allowed the same borrower to borrow another S$1.3 million by end-June 2016 and then wrote off everything by end-2016.

ISR has not said why that impairment was necessary. The most detail that ISR has provided regarding the debt securities was in its FY15 annual report, which described the borrower as a " third party" , and the debt securities as a five-year facility due 2020 bearing annual interest of 12 per cent and a maximum draw-down of S$5 million.

Who borrowed that S$3.7 million, why does ISR believe that the amount is irrecoverable now, and what steps have ISR taken to try to retrieve that money?

ISR did not reply to queries.

The company is currently operating under the shadow of an investigation into the trading of its shares and the management of the company prior to Nov 24, 2016. Prosecutors allege that Malaysian businessman John Soh Chee Wen, who is awaiting trial on charges related to the 2013 penny stock crash, was manipulating the shares and business decisions of ISR before he was arrested on that date.

Questions have also been raised about a planned acquisition of certain mining assets in Madagascar, particularly about the valuation of the asset and conflicts of interest related to the financial adviser on the deal and former director David Rigoll.

Those circumstances demand that ISR provide more information about that impairment to shareholders who need assurance that money has not been improperly transferred out of the company. ISR, which recently loaned S$3.5 million to the mining asset-holding business in which it plans to invest, also needs to assure shareholders that it is able to properly assess the credit quality of borrowers.

When a company writes off or impairs an asset, it destroys value that shareholders had been told existed. Companies that take that route owe their shareholders a proper explanation on why these losses have to be incurred. When companies refuse to provide that explanation, shareholders and regulators should take that as a red flag and tread with extreme caution.

KopRed75 ( Date: 25-Mar-2017 16:59) Posted:

This company is only good at creating news and spinning stories with no real end-product. SGX is hopeless to allow the company to continue clowning around. One day, some retail investors are going to be hit hard when the skeleton falls out from the closet.

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So, when BBs pull up KIMLY to 58 / 58.5 cents , you shall see a HUGE rush of retail investors (a big portion of it from those IPO actual subscribers but didnt get it) rushing to buy KIMLY

this is Typical Singaporean style. When a buns shop selling same buns nobody queue up, the passer by-s just dont patronize

but when you make the buns HOT , and queues forming up, and bake buns HOTTER, and more queues form up, you shall see Singaporeans queueing up....:" why you queue ? I dont know, he queue I queue something must be good...."

this is Typical Singaporean Culture

That' s why you see Alliance Minerals hot getting hotter getting hotter-est .....10 cents dont buy 20 cents rush to buy, 30 cents must buy

huangyuanhe ( Date: 31-Mar-2017 15:57) Posted:

this is a classic example of retail investors wanting to buy a stock but " try to sing down the price"

you see, you look at ALL jeremyow posts, he is a Value Investor he invests stocks for value

(TVB, Casino stocks, Starhub, DBS ...etc)

Why is he singing down on Kimly then ?

Simple reason : deep inside jeremyow, he wanted to own Kimly badly

jeremyow ( Date: 31-Mar-2017 12:09) Posted:

Just be careful to hold at high average prices as the ching kays (substantial shareholders) are holding their shares at much lower average prices than the public who bought after IPO. When the tide receeds (as prices correct due to market corrections/ bear market arrives), we all know who will be the ones to be caught naked and not be able to run road as fast as the ching kays? This is the reality of things.......

Other examples like Super Group in the F& B industry which was a market darling already show us evidence that those who bought and hold at high average prices above the recent offer price of $1.30 eventually got hung out on this. And I am sure there are quite a number of dissenting investors who have no choice but to tender their shares at a loss. I personally know one of my friends who belong to this group of dissenting investors.

So what if the company (or F& B company) is a fabulous one. Paying a high price for it will eventually come round to hit back at the investor who paid a high price for it when market trading conditions change or fundamentals of the company change in future. Unless one has a deep pocket to average down, then it is a different story. If not, caveat emptor!

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this is a classic example of retail investors wanting to buy a stock but " try to sing down the price"

you see, you look at ALL jeremyow posts, he is a Value Investor he invests stocks for value

(TVB, Casino stocks, Starhub, DBS ...etc)

Why is he singing down on Kimly then ?

Simple reason : deep inside jeremyow, he wanted to own Kimly badly

jeremyow ( Date: 31-Mar-2017 12:09) Posted:

Just be careful to hold at high average prices as the ching kays (substantial shareholders) are holding their shares at much lower average prices than the public who bought after IPO. When the tide receeds (as prices correct due to market corrections/ bear market arrives), we all know who will be the ones to be caught naked and not be able to run road as fast as the ching kays? This is the reality of things.......

Other examples like Super Group in the F& B industry which was a market darling already show us evidence that those who bought and hold at high average prices above the recent offer price of $1.30 eventually got hung out on this. And I am sure there are quite a number of dissenting investors who have no choice but to tender their shares at a loss. I personally know one of my friends who belong to this group of dissenting investors.

So what if the company (or F& B company) is a fabulous one. Paying a high price for it will eventually come round to hit back at the investor who paid a high price for it when market trading conditions change or fundamentals of the company change in future. Unless one has a deep pocket to average down, then it is a different story. If not, caveat emptor!

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anyway, I noticed KIMLY volumes have thinned .....

anytime, KIMLY price will surge (BBs easy pull up)

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Then I mentioned Starbucks. He told me this :

Starbucks Cost per Cup , basis 10 g espresso powder + milk = $ 0.30 to $0.50 MAX.

Selling Cappuccino at $5.50 per cup , Profit per cup = $5

BUT the students and insurance agents who sit there can occupy the tables for several hours !

So revenue generated per sq m retail space @ starbucks = LESSER

huangyuanhe ( Date: 31-Mar-2017 15:40) Posted:

I just went for coffeeshop coffee. Nowadays kopi $1.20 per cup ? How nice if I can own a Coffee Shop (Kopi Tiam) (or Seng Huat)

Cost of Coffee per cup = est. 15 to 20 cts MAX

Gross Profit per cup = est $1

1 day just Kopi alone can sell 1500 cups to 2500 cups (depending on locations)

So using 2000 cups, 1 Day alone Kopi can create Profit Cash = $2000 per Day x 30 Days = $60 000 per month x 50 coffeeshops = $ 3 mil x 12 months = PROFIT CASH $ 36 Mil a Year just for KOPI only

My father' s friend , kopi tiam owner tells me , Must Buy KIMLY

destinykraze ( Date: 31-Mar-2017 10:55) Posted:

This has strong BBs backing, long term : uptrend.

Ps: huangyuanhe cannon fairy? I thought you said this counter worth $0.30-$0.35? Vested so sing different tune now?

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I just went for coffeeshop coffee. Nowadays kopi $1.20 per cup ? How nice if I can own a Coffee Shop (Kopi Tiam) (or Seng Huat)

Cost of Coffee per cup = est. 15 to 20 cts MAX

Gross Profit per cup = est $1

1 day just Kopi alone can sell 1500 cups to 2500 cups (depending on locations)

So using 2000 cups, 1 Day alone Kopi can create Profit Cash = $2000 per Day x 30 Days = $60 000 per month x 50 coffeeshops = $ 3 mil x 12 months = PROFIT CASH $ 36 Mil a Year just for KOPI only

My father' s friend , kopi tiam owner tells me , Must Buy KIMLY

destinykraze ( Date: 31-Mar-2017 10:55) Posted:

This has strong BBs backing, long term : uptrend.

Ps: huangyuanhe cannon fairy? I thought you said this counter worth $0.30-$0.35? Vested so sing different tune now?

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how ' s the food ? Have HK roast duck and dim sum or not ?

SeePehJiaLat ( Date: 31-Mar-2017 13:26) Posted:

Nothing specifically interesting, just another routine AGM. You should be able to tell from the share price....... it is flat as ever !!!

halleluyah ( Date: 31-Mar-2017 09:44) Posted:

anyone attend tdy...pls share the outcome...tq....

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Short term wise I not sure how BBs going to play.

But I only know that once pulled up above 60 cents, it will stay above 60 cents.

Like Jumbo and Sheng Siong. You wajt to buy at 50 , 55 cents ? They stay there.

hawkeye2010 ( Date: 31-Mar-2017 09:56) Posted:

Strong resistance or strong support at 0.49?