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| 06-Nov-2013 22:31 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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Big jump in profits worst days are over |
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| 06-Nov-2013 19:53 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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The Group recorded revenue of RMB54.7 million for 9 months ended 30 September 2013 (" 9M2013" ), an increase of 50.4% compared to RMB36.4 million for 9 months ended 30 September 2012 (" 9M2012" ). On a quarterly review, the revenue for three months ended 30 September 2013 (" 3Q2013" ) had increased to RMB20.6 million as compared to RMB12.1 million for three months ended 30 September 2012 (" 3Q2012" ). The sharp increase in revenue was mainly due to: - Increase in the fabric processed from 5,047 tonnes in 9M2012 to 6,958 tonnes in 9M2013 as a result of higher demand from our customers made during the period. Since March 2013, the Company was able to maintain a monthly sale volume above 800 tonnes, a significant improvement as compared to financial year 2012 with an average monthly sales volume of 559 tonnes. - Increase in average fabric processing fee from RMB7,202 per tonne in 9M2012 to RMB7,861 per tonne in 9M2013. The increase in average processing fees was mainly contributed from the production of new fabric, namely knitted velour, with a higher processing fees as compared to polyester, cotton, and spandex. Changes in product mix had also contributed to higher average processing fees due to higher proportion of spandex and knitted velour processed during the period which commands a higher processing fee. |
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| 28-Oct-2013 10:51 |
CapitaLand
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Capitaland
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i went both long and short .. to be safe If breakout or breakdown , win-win . Just a matter of cutting which one fast |
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| 27-Oct-2013 14:36 |
CapitaLand
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Capitaland
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Looking at Capitaland's chart ... it is forming a symmetrical triangle pattern now . Equal chances of a breakout or breakdown . A super high vol in the range of at least 25 million- 30 million shares traded in the next few days ,couple with price increase will seal this breakout and send the stock soaring towards most analyst's target of $4+ |
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| 25-Oct-2013 10:13 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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accumulation now at 3.4c |
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| 24-Oct-2013 14:57 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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The stock is waking up from it's slumber ..... |
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| 21-Oct-2013 16:36 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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not much .... only making kopi money |
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| 21-Oct-2013 10:42 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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Time to load up on this gem !! |
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| 21-Oct-2013 10:07 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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CEO owns more 50% of the shares in the company ... he will want it to do well |
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| 21-Oct-2013 10:05 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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" I see a pickup in business and expect it to continue for the next three years." : China Fibretech's CEO |
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| 21-Oct-2013 09:58 |
China Fibretech
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Fibretech CEO - Next 3 yrs result will be better
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After the management and board had engaged the shareholders' concerns (with mixed success), someone spoke up, saying he was a new shareholder, adding: " I've seen hundreds of companies, many of them from China. I'm a professional investor and have been in the market for 30 years. " What drew me to the company is its conservatism. I accept that cash, share buybacks and dividends are a key consideration for shareholders but if the management doesn't run the company well, those become secondary. After analysing this company, I realise this management understands business cycles. What I read in the prospects section of the annual report indicates that the trend has turned positive. Can we look forward to the company going back to where it was at its IPO in 2008?" Wu Xinhua, the executive chairman and CEO of China Fibretech, which provides dyeing and treatment services that impart special functionalities such as water-resistance and UV-protection to fabrics, replied in Mandarin: " Thank you for appreciating the company. " I see a pickup in business and expect it to continue for the next three years. But it will be difficult to go back up to the peak achieved during our IPO as there are structural changes in the economy -- manufacturing costs have gone up a lot, GDP growth is slower, and manufacturing competitiveness is not as strong as before. A structural change that could work in China Fibretech's favour is China's tightening on environmental pollution. Said Mr Wu: " The local authority is not issuing new licences for this industry and existing operators have to comply with more stringent anti-pollution regulations. Many small ones will be weeded out and this will be beneficial to our company." Commenting on the company's FY12 results, Lim Yoke Hean, currently the CEO of Pheim Asset Management, who became an independent director of China Fibretech in July 2012, noted that revenue had gone down last year (by 63.5% to RMB 48.6 million) but the net loss (RMB 11.6 million) was not a big one and the operating cashflow was in fact positive. " It's quite a big achievement," he said. |
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