| Latest Forum Topics / China Everbright Last:0.225 -- |
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Tritech Group
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KapoMonkie
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09-Jun-2014 10:04
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dingbat
Veteran |
09-Jun-2014 10:03
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Wah, bro gavini very zhun. Do you even use charts... Buy what huat what.... congrats.
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cccx123
Elite |
09-Jun-2014 10:03
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Yea...but may buy back depending on price action. I got federal 45 lol.
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Spivvy
Elite |
09-Jun-2014 09:53
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ccx bro, sorry ask u, u release 30 lots of hankore out of a total 50 lots issit? |
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cccx123
Elite |
09-Jun-2014 09:45
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Watch now...once 45 starts to clear I am hooting in. See the gap on the charts? Very obvious lol
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Spivvy
Elite |
09-Jun-2014 09:43
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OK bro. On your Cue!
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Spivvy
Elite |
09-Jun-2014 09:40
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i not playing contra... no funds all tio trapped in hankore & frankly hankore looks worse now than ever, jin tooolan. 10DMA moving down liao... if i hoot others, i need to sell some hankore & net off. Sianzzz.
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gavinl
Supreme |
09-Jun-2014 09:31
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Just bought 20 lots at 1.015 to try for free kopi. Lol. |
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cccx123
Elite |
09-Jun-2014 09:28
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Break 45 first then can try. Don't buy yet...looks very bad now. Huge volume done on two/three pips. Looks more like distribution. Watch first...
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Spivvy
Elite |
09-Jun-2014 09:17
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u are ST indicator. I think federal can hoot liao. Just removed from sgx watchlist. Swee boh?
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cccx123
Elite |
09-Jun-2014 09:12
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Eh I not indicator la. I saw the 1k lots at 1035 or 1040 I got cold feet. So sold down 30 lots first while keeping the rest for EGM. I want put money elsewhere.
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Spivvy
Elite |
09-Jun-2014 09:12
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ccx brother, got any lobangs or not, now spivvy damn desperate liao.. pls pm me okie. |
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dingbat
Veteran |
09-Jun-2014 09:10
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Wow bro, your post very powderful. HK being sold down within an inch of its life. No BBs support is really sad.... |
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Spivvy
Elite |
09-Jun-2014 09:09
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ok la ok la, mai tee kee liao... i also going to sell, folo ccx' s zhun zhun indicator. Du shen, i surrender liao. U WIN. cut loss better than cut my own didi. Cant afford to do that. |
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cccx123
Elite |
09-Jun-2014 09:07
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I sold a bit liao...now left 20lots to attend EGM. Screw David... | ||||
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cccx123
Elite |
09-Jun-2014 08:50
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HanKore Environment Tech Group
More Story than Value BIOT SP / HETG.SI | REDUCE - Downgrade | S$1.04 /TP: S$0.91▼ Mkt.Cap: US$422.60m | Avg.Daily Vol: US$13.97m | Free Float: 53.40% Environmental | Author(s): Roy CHEN +65 62108685, Gary NG ▊ The deal between HanKore and China Everbright International (CEI) finally went through, but at a purchase price higher than we expected. We acknowledge the positive outlook ahead but see the current share price level as very demanding. Due to the insufficient financial information, we have not included the earnings forecasts of the combined entity in the financial summary table below. In view of the strong dilution impact from the deal, we downgrade the stock to Reduce, with a target price of S$0.91, based on CY14 residual income value. The company needs to increase its gearing to leverage return. Potential re-rating catalysts include achieving its target gearing earlier than expected and venturing into businesses with higher returns. What Happened The HanKore-CEI deal went through, at a price of Rmb5.8bn (S$1.2bn), a premium over two valuers? valuations of Rmb5.4bn and Rmb5.6bn, respectively. This translates to 2.24x trailing P/BV or 27.3x CY13 P/E. Some 1.94bn new shares will be issued to CEI. After the deal, CEI will hold c.79.2% of HanKore's enlarged issued capital. What We Think The purchase price not in favour of HanKore. While we acknowledge a number of positive factors from the deal, including the expected much lower interest cost and strong SOE backing, we think the economic surplus from the deal has been more or less fully captured by CEI. Current share price very demanding. Investors should recognise the limitations of a concession business model and its profitability potential. The IRR of a typical municipal water treatment concession is 8-10%. Hence, a company must gear up to have higher returns. Even if already optimally geared, HanKore could be worth S$1.15, not far from its current price. What You Should Do Reduce, with target price of S$0.91. We do not think we are conservative as our target price has factored in an EPS expansion by 5x in the next 5 years. A decision simply based on industry price multiples is not immune to a possible industry-wise overvaluation. Switch to China Merchants Pacific Holdings (toll road business, similar business model, higher project return - link to report).* Financial Summary has not included CEI deal due to insufficient data. |
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cccx123
Elite |
08-Jun-2014 19:08
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Okay so by the end of the month, someone in this thread will lose his manhood. This sure adds some vigor and entertainment to Hankore lol | ||||
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steven080967
Senior |
08-Jun-2014 19:06
Yells: "careful trader/investor" |
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Spivvy & Du Shen, all talk! Tok first, talk later! HAhahahaahahah.... this is like when we were kids in the playground
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vicloo
Supreme |
08-Jun-2014 17:28
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Wa 40c??? Unless something bad happened...Like big drop in revenue etc... Unlikely la... 70-80c possible
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gavinl
Supreme |
07-Jun-2014 17:06
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Mai leh. Gamble with men most precious part? Play share only.
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