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GKE
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GKE - turnaround company?
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eric998
Supreme |
26-Oct-2021 16:58
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bought some few sessions ago at 136... this counter time to cheong.. 142 first... 
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PQTPQK
Supreme |
20-Oct-2021 14:53
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cheong !!! | ||||
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ozone2002
Supreme |
20-Oct-2021 09:51
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Last:0.139        +0.007gd thing spotted early, now in the money gd luck dyodd
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Stocksguru
Master |
20-Oct-2021 09:50
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sleep too long time for some 1 day action | ||||
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ozone2002
Supreme |
20-Oct-2021 09:36
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Last:0.135        +0.003just broke upwards from long consolidation time to ride the uptrend again gd luck dyodd |
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7ocean
Master |
28-Sep-2021 18:17
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Wow... Company querry by Share Holders N SIAS... Left pocket to Right pocket....own Family wages N director fee GUO Gou.. | ||||
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SgYuan
Supreme |
31-Aug-2021 14:05
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gke day
w2 133 breakdown ew reset px hit 129 wabc wc dn 123 day 200ma 129 1st support this must hold prev low 125 wc dn 123 |
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grateful
Senior |
23-Aug-2021 11:05
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GKE&rsquo s new Cenxi City plants fully operational, expected to contribute to long-term earnings growthhttps://www.theedgesingapore.com/news/company-news/gkes-new-cenxi-city-plants-fully-operational-expected-contribute-long-term 
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Edchwa1980
Member |
23-Aug-2021 09:28
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What news?!!!!!
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PQTPQK
Supreme |
23-Aug-2021 08:49
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there is a news just out !!! | ||||
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phongy45
Senior |
06-Aug-2021 21:37
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any truth???
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pcxiao2008
Master |
06-Aug-2021 16:00
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this really a good co to short...everyday win by shorting | ||||
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Joelton
Supreme |
06-Aug-2021 10:13
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GKE doubling down on China as the next growth engine: Analysts
 
Analysts from CGS-CIMB and SAC Capital have both maintained their &ldquo buy&rdquo calls on GKE Corp after a &ldquo good FY2021&rdquo . 
 
SAC Capital&rsquo s Tracy Lim has raised her target price from 16.3 cents to 17.1 cents, while CGS- CIMB&rsquo s Ong Kang Chuen and Kenneth Tan maintained their target price of 21 cents. 
 
GKE reported a record FY2021 ended 31 May, with net profit surging 145% y-o-y to hit $11.5 million. Dividend payout was reinstated for the first time since FY2016, at a distribution per share of 0.4 cents per share. This was higher than estimates from Tan and Ong , which forecasted a payout of 0.28 cents. 
 
Ong and Tan also forecast China operations to see 60% growth in its profit before in FY2022 to $15.6 million. 
 
They note that GKE&rsquo s ready-mix concrete (RMC) capacity will be effectively doubled to 1.6 million cubic per annum by end-1HFY2022. 
 
The production line added in Wuzhou City, Guangxi will come online in 1Q2021, and commencement of production in Cenxi city will start in 3Q2021. 
 
&ldquo We believe this will allow GKE to better tap on the continued robust demand for construction materials there, as fixed asset investments in Wuzhou grew 25% y-o-y YTD,&rdquo Ong and Tan say. 
 
Management also expects new initiatives, such as a construction waste material recycling plant and limestone mining to contribute positively from 2HFY22F onwards.
Back at home, they observe that GKE&rsquo s warehouse utilisation remains optimal due to stockpiling by customers, and rental rates trended higher thanks to further optimisation of GKE&rsquo s tenant mix. 
 
In addition, GKE obtained Good Distribution Practices (GDP) certification for two of its warehouses, which allows for storage of pharmaceutical products. 
Ong and Tan believe this could enhance its chances of renewing the government&rsquo s strategic stockpile contract by year-end, adding that GKE remains on the lookout for additional space.
 
  &ldquo Looking into FY2022, we think that Singapore operations could see a 7%   rise in profit before tax to $7.3 million. We believe that cost savings from lease renewal and acquisition of remaining 30% stake in Marquis Services could more than offset decline in government grants,&rdquo the analysts write.
 
Agreeing with the above, SAC&rsquo s Lim is optimistic on the warehousing segment, but is less so on the RMC operations in China. 
 
She has revised FY2022 and FY2023 revenue estimates down 5.9% and 8.8% to $127.6 million and $136.3 million respectively &ldquo on cautious optimism&rdquo , adding that China&rsquo s strengthening of commodity price controls could cap RMC sale prices.   This translates to an overall 7.2%/6.8% y-o-y revenue growth. 
 
&ldquo However, we remain optimistic on the stability of the warehousing logistics segment, and the growth potential of the infrastructural segment,&rdquo Lim notes. 
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Skyclimber
Member |
06-Aug-2021 09:55
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Someone is controlling the price.. this stock is totally manipulate by BB. I think they want my shares to release out...🤔
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Skyclimber
Member |
06-Aug-2021 09:44
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I think cheong wrong direction... 😔
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pcxiao2008
Master |
06-Aug-2021 09:24
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this is a SAI company ...positive news also bring down the price...
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PQTPQK
Supreme |
06-Aug-2021 06:37
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Cheong
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PhillipTan
Supreme |
06-Aug-2021 01:25
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GKE doubling down on China as the next growth engineAnalysts from CGS-CIMB and SAC Capital have both maintained their " buy" calls on GKE Corp after a " good FY2021" . SAC Capital' s Tracy Lim has raised her target price from 16.3 cents to 17.1 cents, while CGS- CIMB' s Ong Kang Chuen and Kenneth Tan maintained their target price of 21 cents.  GKE reported a record FY2021 ended 31 May, with net profit surging 145% y-o-y to hit $11.5 million. Dividend payout was reinstated for the first time since FY2016, at a distribution per share of 0.4 cents per share. This was higher than estimates from Tan and Ong , which forecasted a payout of 0.28 cents.  Ong and Tan also forecast China operations to see 60% growth in its profit before in FY2022 to $15.6 million.  They note that GKE' s ready-mix concrete (RMC) capacity will be effectively doubled to 1.6 million cubic per annum by end-1HFY2022.  The production line added in Wuzhou City, Guangxi will come online in 1Q2021, and commencement of production in Cenxi city will start in 3Q2021.  " We believe this will allow GKE to better tap on the continued robust demand for construction materials there, as fixed asset investments in Wuzhou grew 25% y-o-y YTD," Ong and Tan say.  Management also expects new initiatives, such as a construction waste material recycling plant and limestone mining to contribute positively from 2HFY22F onwards. Back at home, they observe that GKE' s warehouse utilisation remains optimal due to stockpiling by customers, and rental rates trended higher thanks to further optimisation of GKE' s tenant mix.  In addition, GKE obtained Good Distribution Practices (GDP) certification for two of its warehouses, which allows for storage of pharmaceutical products.  Ong and Tan believe this could enhance its chances of renewing the government' s strategic stockpile contract by year-end, adding that GKE remains on the lookout for additional space. " Looking into FY2022, we think that Singapore operations could see a 7%  rise in profit before tax to $7.3 million. We believe that cost savings from lease renewal and acquisition of remaining 30% stake in Marquis Services could more than offset decline in government grants," the analysts write. Agreeing with the above, SAC' s Lim is optimistic on the warehousing segment, but is less so on the RMC operations in China.  She has revised FY2022 and FY2023 revenue estimates down 5.9% and 8.8% to $127.6 million and $136.3 million respectively " on cautious optimism" , adding that China' s strengthening of commodity price controls could cap RMC sale prices.  This translates to an overall 7.2%/6.8% y-o-y revenue growth.  " However, we remain optimistic on the stability of the warehousing logistics segment, and the growth potential of the infrastructural segment," Lim notes.  As at 3.23pm, GKE traded at 14 cents, with a FY2022 price to book ratio of 1.13 and dividend yield of 3.18%.   |
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phongy45
Senior |
05-Aug-2021 20:07
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yup..
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Skyclimber
Member |
05-Aug-2021 10:14
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Today suddenly no volume again.. see also no mood. 😴
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