| Latest Forum Topics / AP Oil Last:0.13 -- |
 Post Reply
|
|
AP Oil looks attractive
|
|||||
|
bluekelah
Senior |
11-Jun-2017 16:12
Yells: "lock and loaded..." |
||||
|
x 0
x 0 Alert Admin |
Haha welcome to the classic value trap. Look deeper and you will see the real story aside from valutions.
|
||||
| Useful To Me Not Useful To Me | |||||
|
n3wbie
Elite |
11-Jun-2017 15:09
|
||||
|
x 0
x 0 Alert Admin |
seems like quite a gem and really nothing much to lose at present valuations. currently trading at 0.7x PB but market cap is presently at abou $42m (net cash position is $38+m with no debt) operating cash flow positive for the last 8 years and profitable despite oil price crash over the last two years. so essentially you are pretty much buying into their cash now and getting the profitable business and its assets for free. large margin of safety really. of which, they have been paying out dividends since 2010 (yield as of last year was about 4.7%). |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
sunview
Veteran |
05-Jun-2017 09:43
|
||||
|
x 0
x 0 Alert Admin |
Has seen strong support at $0.25 in the last few sessions. A bullish MACD crossover today ! | ||||
| Useful To Me Not Useful To Me | |||||
|
sunview
Veteran |
13-Apr-2017 09:55
|
||||
|
x 0
x 0 Alert Admin |
Broke out with high volume. The company announced a few days ago that their executive chairman Dr. Ho would be on medical leave of absence. The AGM is scheduled to be held on 26 April. |
||||
| Useful To Me Not Useful To Me | |||||
|
waters
Senior |
16-Nov-2016 11:59
|
||||
|
x 0
x 0 Alert Admin |
Was wondering why did AP Oil venture into the financing business which is totally un-related to its core. http://infopub.sgx.com/FileOpen/AP%20Oil%20JV%20Announcement.ashx?App=Announcement& FileID=425332 Taking a further look, realised its Singapore partner is Money Max and the similarity between Money Max and AP Oil is they share the same auditors, RSM Chio Lim LLP. Was wondering if RSM Chio Lim LLP have did some match making and if their independence are threatened? |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
waters
Senior |
11-Nov-2016 17:38
|
||||
|
x 0
x 0 Alert Admin |
AP Oil announced (18 Oct) that it has signed a JV agreement to subscribe to a 12.5% equity stake, at RMB25m (c.S$5.15m), in a JV company involving Shenzhen-listed Zongshen Power Machinery (70%), SGX-listed MoneyMax Financial Services (12.5%) and Free Trade Port Co. (5%). The JV co. will provide financial leasing services through hire purchase contracts with companies in Chongqing. The JV co. will be run by Zongshen, with AP Oil, MoneyMax and Free Trade Port each allowed a director seat out of a board of seven. According to AP Oil, there is a lack of hire purchase companies in Chongqing and that in order to be granted a license to conduct such a business in Chongqing, 25% foreign ownership is first required. Zongshen and its business relationship with AP Oil. Zongshen Power Machinery is part of the Zongshen Industrial Group, a conglomerate whose businesses include (but not limited to) the production of a range of motors (including OEM for Piaggio), tire distribution for Goodyear, and lubricant distribution for AP Oil&rsquo s products. The conglomerate already has a credit department that does due diligence on micro-financing and factoring deals and is thus, no stranger to the financial leasing business in Chongqing. Zongshen is not just the lubricant distributor for AP Oil, but also an organic consumer of AP Oil&rsquo s lubricants for their manufacturing plants. AP Oil&rsquo s investment not only strengthens this business relationship but also gets exposure to dividends and capital gains (potentially) from the its stake in the JV. Downside protection + upside participation.Two key clauses were included in the JV agreement. 1) Put Option: After 1 Jan 2018, AP Oil will have the right to sell-back its stake to Zongshen at an agreed market valuation (determined by an approved valuer) at not less than the initial capital contribution of RMB25m this creates a sort of capital guarantee for AP Oil. 2) Tag-along rights: That ensures AP Oil is able to participate in the same kind upside as Zongshen should they decide to sell their stake in the JV to a third party. IE Singapore&rsquo s presence at the signing ceremony should also provide further comfort for shareholders of AP Oil (see figure 1). In-line with our investment thesis of unlocking cash. This development in AP Oil moves in-line with our long-term investment thesis that AP Oil is poised to increase shareholder value by utilizing its large cash hoard for corporate actions. With this, our investment call on this severely undervalued business with a stable and cash-generative business remains unchanged. We see this as a stock catalyst and expect AP Oil to continue to invest surplus cash (S$33m net cash at 1H16 mkt cap S$41m) as we maintain our BUY rating and target price of S$0.33 (based on 1x FY16F BVPS). Risks. At the JV level, business risks for AP Oil include customer defaults risk and the reliance on Zongshen for customer risk-management. At the investment level, AP Oil&rsquo s risks include FX risk, and the credit of Zongshen. Renfred Tay Analyst Research Department KGI Securities (Singapore) Pte. Ltd. 4 Shenton Way #13-01 SGX Centre 2, Singapore 068807 Dir 65 6236 2557 Tel 65 6202 1188 www.kgisecurities.sg |
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
21-Oct-2016 11:56
|
||||
|
x 0
x 0 Alert Admin |
Inside top gainer also... |
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
21-Oct-2016 10:40
|
||||
|
x 0
x 0 Alert Admin |
Must see how Bbs do today
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
zv_francesca
Member |
21-Oct-2016 09:46
|
||||
|
x 0
x 0 Alert Admin |
more upside? |
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
21-Oct-2016 09:15
|
||||
|
x 0
x 0 Alert Admin |
SWEE SWEE today!! |
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
21-Oct-2016 06:54
|
||||
|
x 0
x 0 Alert Admin |
KGI FRASER INITAITED BUY In-line with our investment thesis of unlocking cash. This development in AP Oil moves in-line with our long-term investment thesis that AP Oil is poised to increase shareholder value by utilizing its large cash hoard for corporate actions. With this, our investment call on this severely undervalued business with a stable and cash-generative business remains unchanged. We see this as a stock catalyst and expect AP Oil to continue to invest surplus cash (S$33m net cash at 1H16 mkt cap S$41m) as we maintain our BUY rating and target price of S$0.33 (based on 1x FY16F BVPS). |
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
20-Oct-2016 22:48
|
||||
|
x 0
x 0 Alert Admin |
Good luck lol! | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
buysellbuysell
Master |
20-Oct-2016 22:15
Yells: "someone please sell down low so that others can buy low" |
||||
|
x 0
x 0 Alert Admin |
Mmmm think another way probably.
|
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
20-Oct-2016 22:00
|
||||
|
x 0
x 0 Alert Admin |
not all water is good...look at hyflux
|
||||
| Useful To Me Not Useful To Me | |||||
|
buysellbuysell
Master |
20-Oct-2016 20:07
Yells: "someone please sell down low so that others can buy low" |
||||
|
x 0
x 0 Alert Admin |
Anything that's oil and water related is a good counter. .. LOL.... that sinking feeling..... the sinking feeling. ..... 😊 😊 😊 😊 😊 | ||||
| Useful To Me Not Useful To Me | |||||
|
desmondquek
Senior |
20-Oct-2016 20:02
|
||||
|
x 0
x 0 Alert Admin |
This company in good hands...father professor in NTU, son background lawyer
|
||||
| Useful To Me Not Useful To Me | |||||
|
n3wbie
Elite |
20-Oct-2016 19:43
|
||||
|
x 0
x 0 Alert Admin |
well...it' s his dad' s company.
|
||||
| Useful To Me Not Useful To Me | |||||
|
desmondquek
Senior |
20-Oct-2016 17:15
|
||||
|
x 0
x 0 Alert Admin |
Could the CEO Ho Chee Hon see something special about AP OIL??? |
||||
| Useful To Me Not Useful To Me | |||||
|
appleronaldo
Veteran |
20-Oct-2016 16:32
|
||||
|
x 0
x 0 Alert Admin |
25 will be the new support since the director bot 8m |
||||
| Useful To Me Not Useful To Me | |||||
|
johnng
Supreme |
20-Oct-2016 15:25
|
||||
|
x 0
x 0 Alert Admin |
If you come to think about the potential in China, AP OIL will be a good bet for 2016/17....
|
||||
| Useful To Me Not Useful To Me | |||||