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OUE LTD worth buying for long term
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johnng
Supreme |
28-May-2020 11:36
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enter 39 395...PROFITED 50cents.....MOVE ON TO NEXT LAGGARD SUNPOWER...........enter 46 |
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furnaces
Veteran |
28-May-2020 11:22
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Hmm this laggard finally moved after Sri Trang surged for so long. | ||||
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ozone2002
Supreme |
28-May-2020 11:10
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Last:0.48 Vol:1131k +0.085
Lovely, laggard finally moving Gd luck dyodd
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ozone2002
Supreme |
27-May-2020 16:06
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Last:0.395 Vol:380k +0.035
Up 10% laggard to catch up with other rubber coys Gd luck dyodd
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ozone2002
Supreme |
27-May-2020 09:19
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Last:0.36 Vol:20k - wow this rubber stock is under the radar, peers have been running and this is a laggard buy and hold 1st wait for herd to rush in gd luck dyodd |
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Joelton
Supreme |
12-May-2020 10:25
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Collapse in rubber prices drags Halcyon Agri into the red for Q1MON, MAY 11, 2020 - 11:54 AMRUBBER supplier Halcyon Agri Corporation on Monday posted a core operating loss of US$2.6 million for the first quarter ended March 31, 2020, reversing from a core operating profit of US$5.6 million a year ago. This comes as gross profit fell 8.5 per cent to US$29 million from US$31.7 million last year, reflecting a reduction in unit gross margin from US$114 per tonne to US$103 per tonne, the company said. The lower earnings is largely due to the group having positioned for reduced natural rubber production during the Q1 wintering season in Thailand, Malaysia and Indochina, and having been " sideswiped by the coronavirus induced collapse in rubber prices from US$1,450 in the beginning of the year, to US$1,038 as at end March" , Halcyon Agri noted. Consequently, earnings before interest, taxes, depreciation, and amortisation or Ebitda, plunged 69 per cent to US$3.5 million for the quarter from US$11.3 million for the year-ago period. Meanwhile, revenue rose 3.3 per cent to US$412.8 million from US$399.7 million, driven by a combination of higher sales volumes and moderately higher average selling prices, the company said. " The Covid-19 crisis and the unprecedented global disruption to industrial and manufacturing activity has had a profound impact on the natural rubber business. We view this pandemic as an acute crisis of unprecedented scale, but also believe that the fundamental demand and supply dynamics of natural rubber remain intact," the company said in its business update on Monday. In dealing with the pandemic, Halcyon Agri noted that its number one concern is the safety and well-being of its employees. The group has implemented " stringent measures to protect its workers and staff from contracting the disease across its offices, factories and plantations" , it said. According to Halcyon Agri, there have been zero Covid-19 infections among its global workforce of 16,000 employees to date. Group level guidance on conducting business amid the novel coronavirus situation was issued to all sites, including information on infection prevention measures, procedures for prompt identification and isolation of sick workers, and safe work practices. A health and safety awareness campaign was also implemented across all its locations, covering main topics such as regular reminders for hand-washing at least once every four hours regular monitoring of employees' body temperatures shortened working hours and work-from-home where necessary as well as ground markers to facilitate social distancing. In addition, employees and communities are kept abreast of the evolving situation through email updates, daily radio broadcasts in Cameroon, video conferencing sessions with the group chief executive and bulk SMS and WhatsApp updates. Separately, Halcyon Agri has initiated US$10 million in aggregate operating and capital expenditure reductions for fiscal year 2020 in a bid to address the economic impact of Covid-19. It is also managing its treasury operations to maintain sufficient liquidity headroom across all operating entities, the group said. Added Robert Meyer, chief executive officer of Halcyon Agri: " We started 2020 positioned for a return to better operating conditions in the automotive industry, and have had to change course in order to deal with a black swan event of significant scale... The next two quarters will be tough, but Halcyon Agri is ready to deal with these challenges. We will protect our people and our business, by balancing our focus on growth, with near-term financial prudence and capital management." Halcyon Agri' s Vietnamese office has reopened last week, and its factories and offices in China, which had earlier ceased operations temporarily to comply with lockdown restrictions, have also resumed full operations. The group said it is noting a gradual lifting of restrictions in Europe and that its assets in these regions will gradually resume normal operations as well. Shares in Halcyon Agri closed at S$0.33 on May 8, down S$0.03 or 8.3 per cent. There were no trades for the counter as at 11.23am on Monday. https://www.businesstimes.com.sg/companies-markets/collapse-in-rubber-prices-drags%C2%A0halcyon-agri-into-the-red-for-q1 |
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dippyboy
Member |
30-Sep-2014 16:19
Yells: "Plsdoyourownhomework.Personalopinion,Disclaimerapplies." |
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Proprietary B.S. yes. Both fundamentally and technically this stocks is breaking down. Its a severely geared up company using huge debt to buy up big competitors and paying high interest for 3 years which would increased further as interest rates rise. If rubber prices dont recover it would have no cashflow and maybe negative cashflow already starting this quarter, and likely have more cash slippage from its restructing efforts in integration from it huge acquisition, to pay even the roughly 20m 6.5% interests cost incurred. Basically its betting big and doubling down on a rubber price rebound , failure of which will put the solvency of company at risk if theres no access to further liquidity support from it key backers.Rights issue is almost a necessity if rubber prices dont recover in 3years and refinancing cost spikes from the much high interest cost by then. The reason the share price is so high is because theres is very low public float and most of the listed shares is being sold at high prices in small limited tranch. In my opinion ,It should be selling at a discount to NAV given it risky high debt and still visible low rubber price given ample international rubber supply for the forseenable 1year compared to regional competitiors with no debt and already selling at a discount. But all stocks locally are inflated due to a flood of cheap overseas money parking their cash here . Prices will retreat significantly as asia growth disappoints and returns falls vs the states. This could spark a flood of redemption which will bring valuation down locally as foreign funds get repatriated back to the states.
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WinningStock
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30-Sep-2014 13:01
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Latest Rubber News...For your info...Tokyo futures drop, tracking weaker Shanghai market (Sept 29)TOKYO: Benchmark Tokyo rubber futures fell 1.5 percent in light trading on Monday following a fall in Shanghai futures ahead of the week-long National Day holiday in China. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery lost 2.7 yen to settle at 182.7 yen ($1.6673) per kg. &ldquo There was no fresh news, but TOCOM prices were dragged down by a slide in Shanghai futures,&rdquo said Toshitaka Tazawa, an analyst at Fujitomi Co. The most-active rubber contract on the Shanghai futures exchange for January delivery fell 200 yuan to finish at 12,120 yuan ($1,972) per tonne. &ldquo Investors in China are apparently clearing their positions ahead of the long holiday,&rdquo Tazawa said. The week-long holiday starts on Wednesday. &ldquo The market is expected to stay under pressure given an overall bearish sentiment due to weaker demand in China and oversupply.&rdquo The front-month rubber contract on Singapore&rsquo s SICOM exchange for October delivery was last traded at 145.0 U.S. cents per kg, down 2.3 cents. |
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cleverboy
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29-Sep-2014 22:12
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lets hope that you are wrong lor. else, i faint lor.
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WinningStock
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28-Aug-2014 12:06
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HALCYON Agri Corp Ltd forms bullish " Symmetrical Continuation Triangle" chart pattern Aug 27, 2014 Recognia has detected a " Symmetrical Continuation Triangle (Bullish)" chart pattern formed on HALCYON Agri Corp Ltd (5VJ:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.84 to the range of 0.94 -0.96. The pattern formed over 31 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend. This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology. |
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bllue911
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28-Aug-2014 08:41
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yes jb food high was maybe 50 cents. those who bought.. painful.
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Tipster789
Master |
27-Aug-2014 16:27
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and dont know why Popiah Orng likes to invest in Malaysia companies. RM keeps depreciating vs SGD. |
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Tipster789
Master |
27-Aug-2014 16:05
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still remember that choc thing ? jb food ? now $0.20
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ozone2002
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27-Aug-2014 15:49
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will correct once the hype dies down.. only then it will be a good time to enter |
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bllue911
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27-Aug-2014 13:22
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Almost back to last week' s share prices. |
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AddLuck
Veteran |
27-Aug-2014 12:19
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Think they need minimum $ 45 mil profit per annum to clear bond principal, interest and profit retention. Bond due 2019.....interest will rise to 8% instead of 6.5% if not redeemed in time......something like that if not mistaken.
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ozone2002
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27-Aug-2014 11:02
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Can' t beat em, join em.. the big boys are in Halcyon .. latest joining the bandwagon Sam Goi Halcyon Agri Corporation has entered into a placement agreement with Mr Goi Seng Hui to place 25m new shares at an issue price of S$0.738 for each Placement Share to raise S$18.45m. The issue price is at a discount of approximately 9.88% to the last weighted average price. The funds raised will solely be applied to expand the Group&rsquo s working capital base. |
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bllue911
Member |
27-Aug-2014 08:35
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Some friends have lost money due to blindly following the " midas touch" - jb foods, yellow pages. other big stock that he owns also has drop from its high such as super coffee from S$5 per share (before 2 for 1 split) to almost half price. biz fundamentals still very important. altho the strategy to consolidate and integrate the whole rubber chain & plantations is interesting, but the recent bad rubber prices would have significant pressure. also, even tho rubber prices hitting lows, the farmers dont seem to be controlling their output as expected by not tapping. from the statistics i googled, the global volume seem to be increasing (while demand, especially china gets weaker) http://www.rubberstudy.com/documents/WebSiteData_3.0.pdf . i guess the one million dollar question is timing and price to go in. yes, read about the thai junta selling their huge stock http://www.ft.com/intl/cms/s/0/259a25fe-2c64-11e4-a0b6-00144feabdc0.html#axzz3BY2rIMse today will be interesting. maybe the popiah king' s friends will go in to support and push it up :)
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cleverboy
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27-Aug-2014 00:51
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Sam has midas touch. Unlikely for the share price to drop to his entry level. if it really happens, buy and ride along with Sam. it is interesting that dandelion may be a substitute for natural rubber from rubber tree. however, i think it is still years away before this become economically viable to both the farmer and processor. so the verdict is still out. meanwhile during this years of wait, natural rubber is still what we have to rely on. financing cost for recent spate of acquisition is high, no doubt. The Lee rubber group of factories that Halcyon bought generated about S$30mil of net profit last year. this should be sufficient to service the bonds in circulation. the plan sale of 200,000 tons of rubber by the Thai military govt is about 5% of Thailand' s whole year output of 4.2 mil tons. it might have a short term effect on rubber price but not likely to last more than a quarter. at low price level, the rubber tapper can choose not to tap the rubber tree and take on other jobs to make a living. thus the supply of latex to the rubber processor is in correspondence to the rubber price, unlike palm and other fruit trees which keep bearing fruits despite poor price for palm oils and fruits. so supply of latex is dynamic and price elastic. http://www.themalaysianinsider.com/business/article/thailand-to-sell-200000-tonne-rubber-stockpile-to-ease-price-stress buy when the downside is low and wait for the wave to come and surf high......
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bllue911
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26-Aug-2014 21:04
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i think if same price as the placement, can be entry point :) this is possible given the very weak rubber prices that halcyon might fall further. this placement is also dilutive. i just read that rubber trees might have new competitors too http://www.reuters.com/article/2014/08/20/us-dandelion-rubber-idUSKBN0GK0LN20140820
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