| Latest Forum Topics / Courts Asia |
 Post Reply
|
|
Courts Asia
|
|||||
|
sheerluck
Supreme |
07-May-2014 00:59
Yells: "Work for your money first then let your money work for you" |
||||
|
x 0
x 0 Alert Admin |
Their bases are to ensure their brokage house huat (first priority) and then their client huat (second priority). We all know news move thing. I am not surprise if they have already position themselves before releasing their analyst report. If their call move the prices up, their can cash out and reduce stakes. If their call moves the price down, their can collect more. If their call results in no move, no problem, they can wait. How good are their analyses? As good as the wind. It change faster than you change your underwear (assuming you do change and on a daily basis). Take for example VARD. When VARD issue profit warning on 28 Jun 2013, KIM Eng on 1 July 2013 said " Brace for roller coaster ride, but maintain Buy" and call for $1.52. Since then VARD price dropped from $1.09 to $0.87 on 11 July when they release their Q2 results. The next day, KIM ENG change the target price to $0.85 slashing 44% off in 11 days. I wonder what they have done to their holdings during that period. Now VARD seems to be recovering well, KIM ENG recently call for $1.07. Really a no-brainer. Can retail investors outlast them? 
|
||||
| Useful To Me Not Useful To Me | |||||
|
sgtrader101
Senior |
06-May-2014 23:36
|
||||
|
x 0
x 0 Alert Admin |
Hey Terry, if you are reading. Its now 0.54c, time to buyback again!!! LOL.......
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Qanghoo
Supreme |
06-May-2014 23:32
|
||||
|
x 0
x 0 Alert Admin |
Yet barely a yr ago, there were analysts issuing buy calls with a target price of close to $1.50. Wonder what their bases were in arriving at such a lofty target and where these people are now. |
||||
| Useful To Me Not Useful To Me | |||||
|
sheerluck
Supreme |
06-May-2014 23:17
Yells: "Work for your money first then let your money work for you" |
||||
|
x 0
x 0 Alert Admin |
Dropping like no tml. I thought people knows all along the Courtsasia is a rojak company competing with the likes of IKEA on furnitures, Challenger for consumer electronics, practically everybody else with electrical appliances. They are expanding pretty aggressively into Malaysia and Indonesia in the hope of tapping into their growing middle-income groups. The price does seems attractive now but not sure if the sell-down is completed. This one maybe in for the long-haul until their Malaysia and Indonesia market contribute strongly. DYDD.
|
||||
| Useful To Me Not Useful To Me | |||||
|
sgtrader101
Senior |
06-May-2014 23:02
|
||||
|
x 0
x 0 Alert Admin |
Ayio, everyday got 52w new low leh. Drop from dollar to cents to pennies?? Courts gone case liao?
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
RoundRound
Elite |
02-May-2014 10:04
Yells: "Tikam Tikam can also" |
||||
|
x 0
x 0 Alert Admin |
From a high of nearly $1.20 to current 50c. What a pity for shareholders! Company using oil to fight fire, hard to make good. Reason: Very competitive electronic industry, slashing prices and along the way, burn millions and millions dollars for advertising. High rental costs plus labour intensive. Nothing to it's advantages. So share price got bashed to 50c. | ||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
02-May-2014 09:59
|
||||
|
x 0
x 0 Alert Admin |
Courts Asia Technical SELL with +9.9% potential return Last price: S$0.555 SELL with a target price of S$0.50 as the stock may continue to head south as it has broken out of its Bollinger squeeze to close below its immediate support level at S$0.56 and has largely been resisted by its 50-day EMA. Watch to see if its MACD indicator continues to trend down after failing to cross above its centreline as its -DI may continue to rise with its ADX. Protective stops could be placed at S$0.57. Our retail research has a fundamental HOLD with a target price of S$0.62. uobkayhian |
||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
27-Mar-2014 14:14
|
||||
|
x 0
x 0 Alert Admin |
WHAT?S NEW link
? Background on Courts. Courts Asia (Courts) is Singapore's largest and Malaysia's second-largest electrical, IT and furniture retailer in terms of 2011 sales. The " Courts" brand is associated with quality products at affordable prices. Under the " Courts Flexi Schemes" , the company operates a proprietary credit business that allows customers to make purchases through credit accounts opened directly with the company. In addition, Courts holds branding rights to operate in 16 countries in the Asia-Pacific. ? Courts Singapore's 40th anniversary was celebrated with an appreciation luncheon for business partners on 21 March and a big weekend sale for customers on 22-23 March. Besides great deals and giveaways, it hosted a line-up of events that featured personalities such as former Manchester United football player Paul Scholes. Courts also took this opportunity to introduce its newest product category - World of Wellness - which pioneers Singapore's most complete one-stop wellness destination. ? World of Wellness (WOW) was launched with over 2,000 products from wearable technology, gym equipment to appliances for the health conscious and many more. WOW products are categorised under Feel Well, Look Well, Train Well and Rest Well. Besides its best-selling line of air purifiers, WOW also carries sports and outdoors goods, such as bikes and apparel, and training supplements. Management has dedicated an atrium at its megastore for WOW and will eventually roll out the concept at its other stores. ? The first Indonesian megastore will be handed over to Courts in Jun 14, which aims to have it operational by Sep 14 at the latest. The second megastore will follow in six months' time. Management plans to open 10 stores in Indonesia in the next five years. ...last:$0.585...recent low:$0.560... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
guoyanyunyan
Supreme |
24-Mar-2014 10:19
|
||||
|
x 0
x 0 Alert Admin |
Courts Asia - Value emerging upgrade to HOLDCourts Singapore turns 40 and intends to push ahead with brand building and expansion despite the retail slowdown. Stock has underperformed since our SELL call in Dec 2013. But value is starting to emerge, with its credit book value almost equivalent to its market cap. We think credit sales in Malaysia are picking up again and margins will improve. Upgrade to HOLD. Push for brand building and differentiationFollowing the independent listing of Courts Asia in 2012 we sense that the management team led by Mr Terry O'Connor has been more committed than ever to the company's success. Our main reservation is the lack of opportunity for it to differentiate itself in electronics retailing. But on this front, we are encouraged that it is headed. For example, the company is launching a brand-new " World of Wellness" concept to tap into rising health awareness. In Malaysia, Courts Asia is primarily a credit business. We believe the company has relaxed its lending rules, which would result in sales recovery in the subsequent quarters. Margins also should be enhanced given that interest income is a big profit driver. Upgrade to HOLDCourts Asia currently has a gross credit book of SGD540m. Given its history of prudent credit control and good collection, we believe this sum is largely intact and think value is starting to emerge for the stock. We raise our FY14E-16E earnings estimates by 2-3% and our TP stays at $0.60, pegged to 10x FY15E P/E. This is a steep 50% discount to the regional retailers but roughly in line with similar credit businesses in Malaysia. Upgrade to HOLD. Source: Maybank Kim Eng Research ...last:$0.575... |
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
18-Mar-2014 09:43
|
||||
|
x 0
x 0 Alert Admin |
in top gainer today! | ||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
12-Mar-2014 15:36
|
||||
|
x 0
x 0 Alert Admin |
...now sell at more than 25% discount from offer price... ...attractive bo..got potential bo... 
|
||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
10-Mar-2014 15:15
|
||||
|
x 0
x 0 Alert Admin |
BUY with a target price of S$0.65. The stock may attempt to form an interim bottom as it has rebounded from its lower Bollinger band and looks poised to cross above its mid Bollinger band to challenge its declining 50-day EMA. Its MACD indicator has moved towards its centreline. Watch to see if its Stochastics indicator, which is in the oversold region, could form a bullish crossover in the said region and turn up. Protective stops could be placed at S$0.56. ...last:$0.570... more |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
guoyanyunyan
Supreme |
06-Mar-2014 10:21
|
||||
|
x 0
x 0 Alert Admin |
...thank you..point noted..still adjusting to my new pair of glasses...
|
||||
| Useful To Me Not Useful To Me | |||||
|
demoncaster
Senior |
06-Mar-2014 10:18
|
||||
|
x 0
x 0 Alert Admin |
Becareful, it is the same leopard you are seeing. Just a reincarnation of a loss-making previous life. Lol..
|
||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
06-Mar-2014 10:12
|
||||
|
x 0
x 0 Alert Admin |
...ipo offer:$0.770..highest:$1.175..last:$0.565... ...attractive bo..got potential bo... 
|
||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
13-Jan-2014 10:55
|
||||
|
x 1
x 1 Alert Admin |
...recent on-going Share Buy-back: 50,000 @ $0.615 on 09.01.2014... | ||||
| Useful To Me Not Useful To Me | |||||
|
hello123
Senior |
29-Dec-2013 13:27
Yells: " google ' sgx swinger ' - for how stock operators work " |
||||
|
x 0
x 1 Alert Admin |
Courts asia finally hit our bottom of 58.5 , now 61.5 muz be the great Christmas sales for more details , see http://sgxswinger.blogspot.sg/
|
||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
09-Dec-2013 16:21
|
||||
|
x 0
x 0 Alert Admin |
Maybank Kim Eng, DBS Vickers and AmFraser set CourtsAsia TP as $0.60, $0.77 and $0.82 respectively. In the end, all correct in certain degree... for the price reach $0.60 first... later $0.77 and eventually $0.82 and above. Happy ending for all :-) Happy 2014 :-) |
||||
| Useful To Me Not Useful To Me | |||||
|
Novice13
Veteran |
09-Dec-2013 10:43
|
||||
|
x 0
x 0 Alert Admin |
Thanks for your info. | ||||
| Useful To Me Not Useful To Me | |||||
|
guoyanyunyan
Supreme |
09-Dec-2013 09:38
|
||||
|
x 0
x 0 Alert Admin |
...Net asset value per ordinary share as at 30 Sep 2013: $0.520... | ||||
| Useful To Me Not Useful To Me | |||||