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TOP POTENTIAL NAV 10.1cents PROFITABLE COY 2020 Post Reply Rate topic
ysh2006 Supreme	20-Oct-2016 08:55        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Halcyon take over GMG end on 21 Oct.....GMG will be delisted if sucessfully.... AndyLoss      ( Date: 19-Oct-2016 22:15) Posted: any news about this stock...0.56 today...
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AndyLoss Master	19-Oct-2016 22:15        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	any news about this stock...0.56 today...
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johnng Supreme	27-Sep-2016 12:00        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	far away from $0.75 offer....
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vivivava Veteran	28-Mar-2016 10:10        vivivava About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think Koh boon hwee bgt into this co in 2013...at 51c...so it seems attractive to him
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ysh2006 Supreme	28-Mar-2016 09:49        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sinochem only valued Halcyon 75c....lousy pricing...last year at this time it was trading close to 85c....somemore upgraded to mainboard for what ? This AGM should scold the Ang Mo CEO.... Qanghoo      ( Date: 27-Mar-2016 20:39) Posted: I' ve been monitoring commodity px, including rubber.  Looks like rubber slightly up.  Believe GMG also up n other agri stocks also higher.  Just hope that these signal early signs of improvement in demand from China.  Cld be why stock is up.  But of course possible buy out cld be another play.  johnng      ( Date: 27-Mar-2016 20:09) Posted: What news surrounding it?
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Qanghoo Supreme	27-Mar-2016 20:39        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' ve been monitoring commodity px, including rubber.  Looks like rubber slightly up.  Believe GMG also up n other agri stocks also higher.  Just hope that these signal early signs of improvement in demand from China.  Cld be why stock is up.  But of course possible buy out cld be another play.  johnng      ( Date: 27-Mar-2016 20:09) Posted: What news surrounding it?
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johnng Supreme	27-Mar-2016 20:09        johnng About Contact  Quote this Post!
x 0   x 0  Alert Admin	What news surrounding it?
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Qanghoo Supreme	13-Jan-2016 22:07        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another one bites the dust?  Anyway, is 300mil USD a lot?  Thought they coughed up a very large sum for the Lees' rubber assets not too long ago?  WanSiTong      ( Date: 13-Jan-2016 14:45) Posted: Highlight China' s Sinochem in talks to buy Halcyon Agri: Dow Jones January 13, 2016: 12:57 PM China' s Sinochem International Corp. is in advanced negotiations to buy a Singapore-listed rubber company in a deal valued at about US $ 300 million ($ 431 million), people with knowledge of the deal said, in the latest move by China to snatch up a commodities company. Sinochem, which has business interests ranging from chemicals to agriculture to energy, is nearing a deal to buy natural rubber supply-chain manager Halcyon Agri Corp. (Valuation: 0.00, Fundamental: 0.50) in a deal that consolidates the position of Sinochem as one of the world' s largest rubber suppliers by production capacity, the people said. The deal is the latest indicator of China' s appetite to buy up commodities companies whose shares have been hit by a downturn in prices for their output. Last month, Chinese state-owned grain trader Cofco agreed to pay US $ 750 million to buy out commodities trader Noble Group (Valuation: 1.80, Fundamental: 0.35) ' s 49% stake in an agricultural joint-venture, called Noble Agri Cofco had paid US $ 1.5 billion in 2014 for its initial 51% stake in Noble Agri.. Halcyon said in a September filing to the Singapore Exchange that it was in talks with certain parties regarding a potential strategic transaction without specifying the parties. Halcyon declined to comment and Sinochem did not immediately respond to a request to comment. Halcyon Agri operates 14 natural rubber-processing facilities in Indonesia and Malaysia, and distributes its products through its network of warehouses and sales offices in Southeast Asia, China, the US, and Europe. In 2014, it had revenue of US $ 479 million, more than double the prior year.
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WanSiTong Supreme	13-Jan-2016 14:45        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Highlight China' s Sinochem in talks to buy Halcyon Agri: Dow Jones January 13, 2016: 12:57 PM China' s Sinochem International Corp. is in advanced negotiations to buy a Singapore-listed rubber company in a deal valued at about US $ 300 million ($ 431 million), people with knowledge of the deal said, in the latest move by China to snatch up a commodities company. Sinochem, which has business interests ranging from chemicals to agriculture to energy, is nearing a deal to buy natural rubber supply-chain manager Halcyon Agri Corp. (Valuation: 0.00, Fundamental: 0.50) in a deal that consolidates the position of Sinochem as one of the world' s largest rubber suppliers by production capacity, the people said. The deal is the latest indicator of China' s appetite to buy up commodities companies whose shares have been hit by a downturn in prices for their output. Last month, Chinese state-owned grain trader Cofco agreed to pay US $ 750 million to buy out commodities trader Noble Group (Valuation: 1.80, Fundamental: 0.35) ' s 49% stake in an agricultural joint-venture, called Noble Agri Cofco had paid US $ 1.5 billion in 2014 for its initial 51% stake in Noble Agri.. Halcyon said in a September filing to the Singapore Exchange that it was in talks with certain parties regarding a potential strategic transaction without specifying the parties. Halcyon declined to comment and Sinochem did not immediately respond to a request to comment. Halcyon Agri operates 14 natural rubber-processing facilities in Indonesia and Malaysia, and distributes its products through its network of warehouses and sales offices in Southeast Asia, China, the US, and Europe. In 2014, it had revenue of US $ 479 million, more than double the prior year.
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Laoliu Veteran	09-Dec-2015 09:53        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.720 now ! Will have a breakout above 0.750 soon.
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Laoliu Veteran	08-Dec-2015 17:01        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Smthg is happening..0.700 Q all swallow up..High at 0.705 now.
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Laoliu Veteran	02-Dec-2015 16:46        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Again time to look into Halcyon, rebound soon. Will breakthrough the 0.750 level soon.
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Laoliu Veteran	25-Nov-2015 12:24        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Halcyon Agri swings back to black with 3Q earnings of $486,000   SINGAPORE (Nov 4): Natural rubber supply chain manager Halcyon Agri Corporation posts 3Q2015 earnings of US$486,000 ($680,000) compared to losses of US$16.6 million in 3Q2014. For the three months to September, revenue increased by 141.6% to US$274.6 million mainly due to an increase in sales volume. The additional sales volume was mainly contributed by entities under its enterprises distribution segment which were only acquired by the group after 3Q2014.
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Laoliu Veteran	25-Nov-2015 12:18        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	This trending show a very positve move for Halcyon Agri to surge towards 0.800 and above. Keep on supporting at 0.700 and above level.
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Laoliu Veteran	04-Nov-2015 11:50        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trending up on the move, high now at 0.720..breakthrough 0.750, will test 0.800 and above. Volume coming in.
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Laoliu Veteran	03-Nov-2015 16:59        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t miss this Halcyon boat..Good counter that worth to invest. Hopefully it will sustain at 0.700 and above.
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Laoliu Veteran	27-Oct-2015 09:53        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good move today, will breakthrough 0.705 soon, accumulation mode on !
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Laoliu Veteran	23-Oct-2015 11:43        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	When this Halcyon Agri Gem awake, will fly high. Patience needed.
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ysh2006 Supreme	09-Sep-2015 11:48        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX very " Kapoh" , up a little query ?...Those counters drop   didn' t see them ask ?.. n3wbie      ( Date: 07-Jul-2015 20:50) Posted: UOB Kay Hian upgraded to ' Buy' call with a TP of S$0.73. Halcyon Agri Corp (HACL SP) A Turnaround Story. Upgrade To BUY We upgrade HACL to BUY as share price has declined 19% since our downgrade in May 15. We forecast 2015 and 2016 net profit to increase 8.4% and 17.5% respectively due to lower financing costs, bottoming out of rubber prices and a stronger US dollar. In addition, we think HACL is trading attractively at 7.9x 2016F PE vs peers&rsquo average of 11.2x despite the group&rsquo s higher 2016F ROE of 20.5% (vs peers&rsquo average of 9.6%). Target price: S$0.73.  WHAT&rsquo S NEW  Share price has declined 19% since our downgrade in May.  On the back of: a) lower financing costs,  b) a successful upgrade to the SGX mainboard, c) bottoming out rubber prices, and d) the strengthening of the US dollar, we upgrade HACL to a BUY. We spoke to management recently for an update on the group&rsquo s progress towards its transformation to be a rubber supply chain manager. STOCK IMPACT    Lower financing costs post refinancing exercise. HACL has secured a 3-year committed US$388m financing package comprising amortisable term loan facilities of up to US$188m and working capital facilities of up to US$200m from ABN AMRO, Credit Suisse and DBS. The group has also access to US$25m in credit facilities with EFA group. As of 1Q15, the group&rsquo s loans had an annualised average interest rate of 5.5%. However, post refinancing, we expect the group to incur lower financing costs on the back of additional working capital loans, which charge a lower interest rate. As such, we lower our assumption for 2016 financing expenses from US$31m (average interest rate of 7%) to US$19.8m (average interest rate of 4.8%). We understand management&rsquo s priorities would be to pay down the higher-cost term loans, strengthen its balance sheet and solidify its financial position.  The ability to secure an additional long-term financing partner is positive. In addition to previous debt holders Credit Suisse and DBS, HACL has managed to secure ABN AMRO as an additional book runner. We understand these three banks will finance HACL&rsquo s new debt facilities (US$388m) equally. In addition, compared with the prerefinancing bridging loans comprising term loans and working capital loans expected to expire in Aug 15, the new facilities ensure funding certainty and allow HACL to fortify its working capital resources and further ramp up production and distribution.   Successful upgrade to SGX Mainboard. HACL&rsquo s upgrade to the Mainboard on the 29 Jun 15 marks an important milestone as it enhances the corporate status of the group. We view the upgrade positively as this will reduce liquidity risk, elevate visibility, extend HACL&rsquo s investor base and attract a higher level of interest from institutional funds.  Rubber prices finally bottoming out? According to the Association of Natural Rubber Producing Countries (ANRPC), 1H15 natural rubber (NR) consumption growth of 2.3% outpaced the 0.7% yoy dip in production. Supply is tight in Vietnam and China, particularly Hainan, owing to the El Nino phenomenon that has been linked to droughts in Southeast Asia and Australia. In addition, the International Tripartite Rubber Cooperation between Thailand, Indonesia and Malaysia has discussed with Vietnam to reduce NR supply by encouraging rubber farmers to do intercropping or utilise rubber lands for other agricultural alternatives. Moreover, we expect the dry wintering season during February to April in Southeast Asia will likely further shore up NR prices.  Demand for rubber will continue to be driven by China, which accounts for an estimated 36% of global demand. According to LMC Automotive, global lightweight vehicle sales are likely to be the strongest since 2010 and China will drive growth significantly. The principal input for automobile tyre is rubber. Tyre demand is expected to enter a recovery phase on replacement demand and improving new-car sales. Market sentiments are that rubber prices may be bottoming out and there could be a recovery. We note that technically specified rubber 20 (TSR20) rubber prices have increased 7.9% to US$1.49/kg as of 6 July from its one-year low of US$1.38/kg. As a result, we raise our rubber price estimates to US$1.55/kg (+2%) and US$1.62/kg (+5%) for 2015 and 2016 respectively.  Favourable tailwinds from the strengthening US dollar. HACL&rsquo s reporting currencies as well as its sales are in US dollar while the majority of the group&rsquo s expenses are denominated in the local currency of the country where its operations are based, ie Indonesian rupiah, Malaysian ringgit, euro and Singapore dollar. We understand HACL hedges 50-60% of its forex risk and is a net beneficiary of a rising US dollar. The group is expected to mostly benefit from a weakening Singapore dollar against the US dollar as a 10% weakening of the Singapore dollar is expected to increase profit by US$9.0m. We note the Singapore dollar is likely to face weakness against the US dollar, given the expected uplift in interest rates in the US. EARNINGS REVISION/RISK  We increase our 2015 and 2016 net profit forecasts by 8.4% and 17.5% respectively and expect stronger earnings potential should any of the following occur: a) successful capture of upstream and downstream margins, b) ability to better manage operating costs through economies of scale, c) acquisition of new customers,  d) sales growth, and e) improving utilisation levels and operating efficiency.  VALUATION/RECOMMENDATION  Upgrade to BUY with a target price of S$0.73, based on HACL&rsquo s 2016F EPS of 7.04 S cents pegged to Sri Trang&rsquo s historical mean PE of 10.4x. Given HACL&rsquo s higher 2016F ROE of 20.5% (vs peers&rsquo 9.6%), we think the group is trading attractively at 7.9x 2016F PE, vs peers&rsquo average of 11.2x. SHARE PRICE CATALYST  Better margins.
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n3wbie Elite	07-Jul-2015 20:50        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	UOB Kay Hian upgraded to ' Buy' call with a TP of S$0.73. Halcyon Agri Corp (HACL SP) A Turnaround Story. Upgrade To BUY We upgrade HACL to BUY as share price has declined 19% since our downgrade in May 15. We forecast 2015 and 2016 net profit to increase 8.4% and 17.5% respectively due to lower financing costs, bottoming out of rubber prices and a stronger US dollar. In addition, we think HACL is trading attractively at 7.9x 2016F PE vs peers&rsquo average of 11.2x despite the group&rsquo s higher 2016F ROE of 20.5% (vs peers&rsquo average of 9.6%). Target price: S$0.73.  WHAT&rsquo S NEW  Share price has declined 19% since our downgrade in May.  On the back of: a) lower financing costs,  b) a successful upgrade to the SGX mainboard, c) bottoming out rubber prices, and d) the strengthening of the US dollar, we upgrade HACL to a BUY. We spoke to management recently for an update on the group&rsquo s progress towards its transformation to be a rubber supply chain manager. STOCK IMPACT    Lower financing costs post refinancing exercise. HACL has secured a 3-year committed US$388m financing package comprising amortisable term loan facilities of up to US$188m and working capital facilities of up to US$200m from ABN AMRO, Credit Suisse and DBS. The group has also access to US$25m in credit facilities with EFA group. As of 1Q15, the group&rsquo s loans had an annualised average interest rate of 5.5%. However, post refinancing, we expect the group to incur lower financing costs on the back of additional working capital loans, which charge a lower interest rate. As such, we lower our assumption for 2016 financing expenses from US$31m (average interest rate of 7%) to US$19.8m (average interest rate of 4.8%). We understand management&rsquo s priorities would be to pay down the higher-cost term loans, strengthen its balance sheet and solidify its financial position.  The ability to secure an additional long-term financing partner is positive. In addition to previous debt holders Credit Suisse and DBS, HACL has managed to secure ABN AMRO as an additional book runner. We understand these three banks will finance HACL&rsquo s new debt facilities (US$388m) equally. In addition, compared with the prerefinancing bridging loans comprising term loans and working capital loans expected to expire in Aug 15, the new facilities ensure funding certainty and allow HACL to fortify its working capital resources and further ramp up production and distribution.   Successful upgrade to SGX Mainboard. HACL&rsquo s upgrade to the Mainboard on the 29 Jun 15 marks an important milestone as it enhances the corporate status of the group. We view the upgrade positively as this will reduce liquidity risk, elevate visibility, extend HACL&rsquo s investor base and attract a higher level of interest from institutional funds.  Rubber prices finally bottoming out? According to the Association of Natural Rubber Producing Countries (ANRPC), 1H15 natural rubber (NR) consumption growth of 2.3% outpaced the 0.7% yoy dip in production. Supply is tight in Vietnam and China, particularly Hainan, owing to the El Nino phenomenon that has been linked to droughts in Southeast Asia and Australia. In addition, the International Tripartite Rubber Cooperation between Thailand, Indonesia and Malaysia has discussed with Vietnam to reduce NR supply by encouraging rubber farmers to do intercropping or utilise rubber lands for other agricultural alternatives. Moreover, we expect the dry wintering season during February to April in Southeast Asia will likely further shore up NR prices.  Demand for rubber will continue to be driven by China, which accounts for an estimated 36% of global demand. According to LMC Automotive, global lightweight vehicle sales are likely to be the strongest since 2010 and China will drive growth significantly. The principal input for automobile tyre is rubber. Tyre demand is expected to enter a recovery phase on replacement demand and improving new-car sales. Market sentiments are that rubber prices may be bottoming out and there could be a recovery. We note that technically specified rubber 20 (TSR20) rubber prices have increased 7.9% to US$1.49/kg as of 6 July from its one-year low of US$1.38/kg. As a result, we raise our rubber price estimates to US$1.55/kg (+2%) and US$1.62/kg (+5%) for 2015 and 2016 respectively.  Favourable tailwinds from the strengthening US dollar. HACL&rsquo s reporting currencies as well as its sales are in US dollar while the majority of the group&rsquo s expenses are denominated in the local currency of the country where its operations are based, ie Indonesian rupiah, Malaysian ringgit, euro and Singapore dollar. We understand HACL hedges 50-60% of its forex risk and is a net beneficiary of a rising US dollar. The group is expected to mostly benefit from a weakening Singapore dollar against the US dollar as a 10% weakening of the Singapore dollar is expected to increase profit by US$9.0m. We note the Singapore dollar is likely to face weakness against the US dollar, given the expected uplift in interest rates in the US. EARNINGS REVISION/RISK  We increase our 2015 and 2016 net profit forecasts by 8.4% and 17.5% respectively and expect stronger earnings potential should any of the following occur: a) successful capture of upstream and downstream margins, b) ability to better manage operating costs through economies of scale, c) acquisition of new customers,  d) sales growth, and e) improving utilisation levels and operating efficiency.  VALUATION/RECOMMENDATION  Upgrade to BUY with a target price of S$0.73, based on HACL&rsquo s 2016F EPS of 7.04 S cents pegged to Sri Trang&rsquo s historical mean PE of 10.4x. Given HACL&rsquo s higher 2016F ROE of 20.5% (vs peers&rsquo 9.6%), we think the group is trading attractively at 7.9x 2016F PE, vs peers&rsquo average of 11.2x. SHARE PRICE CATALYST  Better margins.
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