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Spivvy Elite	03-Jun-2014 14:44        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	No More S-chip. Its China Chip, similar to A shares. $5 also not expensive.
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superakan Veteran	03-Jun-2014 14:35        superakan About Contact  Quote this Post!
x 0   x 0  Alert Admin	RTO dont go through , price go below $1, go through also go below $1 ? Like that RTO for wat ? Dont think David so stupid ...  Du_shen      ( Date: 03-Jun-2014 14:31) Posted: Analyst report looks bad. Gg below $1 soon
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Du_shen Veteran	03-Jun-2014 14:31        Du_shen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Analyst report looks bad. Gg below $1 soon
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snowwalker Member	03-Jun-2014 14:29        snowwalker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Game over..today is distribution vicloo      ( Date: 03-Jun-2014 14:25) Posted: So no more hankore... ce water now
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vicloo Supreme	03-Jun-2014 14:25        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	So no more hankore... ce water now
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wxp8838 Veteran	03-Jun-2014 13:51        wxp8838 About Contact  Quote this Post!
x 0   x 0  Alert Admin	HANKORE ENV: ($1.17) Sealed water deal with China Everbright, but at a heavy price 03/06/2014, 2 hours ago HanKore will be acquiring the water business of China Everbright (257 HK) for Rmb5,81b ($1.2b) or 4.5x P/B via an issue of 1,940.3m shares at $0.703/share (0.9x P/B), which will result in a reverse takeover of HanKore and turn it into one of the largest water treatment companies in China. Post acquisition, the state-owned China enterprise will control 79.2% of HanKore, which will be renamed China Everbright Water. Upon completion, the enlarged group will boast 32 wastewater treatment plants and four reusable water projects with a total designed capacity of 3.46m tpd, one wastewater source heat pump project, two completed build-transfer projects with designed capacity of 110,000 tpd, 56km pipeline network and 10 pump stations. Proforma FY13 EPS will double to Rmb0.10 ($0.02), while NAV will drop from Rmb2.55 to Rmb1.56 ($0.31). Apart from expanding its scale of operations, assets and earnings, the proposed deal is expected to offer new acquisition opportunities for HanKore given its strong ties to the Chinese government, enhance the financial strength, give it aceess to a larger and cheaper pool of debt capital, thereby improving its competitive advantage and returns when bidding for future projects. Earnings growth for the target group has been decent but not spectacular. From 2011 to 2013, net profit grew at a CAGR of 14.5% to Rmb266.5m. However, the Chinese government has been stepping up its environmental reform policies and hiking water tariff rates to attract more private investments. This represents an extremely sweet deal for China Everbright, which is injecting its water business into HanKore at a hefty 4.5x P/B in exchange for HanKore shares at 0.9x P/B. At $1.17, HanKore is valued at a lofty post-deal P/E of 58.5x and P/B of 3.8x, compared to China peer average of 33.7x and HK peer average of 22x. Assuming the group is able to achieve 20% earnings growth over the next two years, this still puts its projected 2015 P/E at an elevated 40.6x. By Clement Ho Also impacts: CHINA EB INT' L
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wxp8838 Veteran	03-Jun-2014 13:50        wxp8838 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stocks to watch: *HanKore: Acquiring China Everbright' s water business for Rmb5.8b ($1.21b) or 4.5x P/B via issue of 1,940.3m shares @ $0.703 or 0.9x P/B. Upon completion of RTO, China Everbright will own 79.2% of HanKore, which will be renamed China Everbright Water. In total, the enlarged group will have 32 wastewater treatment plants, four reusable water projects, one wastewater source heat pump project, two completed build-transfer projects, 56km pipeline network and 10 pump stations. Post deal proforma FY13 NAV will drop 39% to Rmb1.56 and EPS will double to Rmb0.10, putting it at 60x P/E.
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vicloo Supreme	03-Jun-2014 12:45        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Saying that.... is not every everyone.... if u trade stocks actively.... chances are you cant be in patient in property.... you u want to make 10% in days.... even hours.... those ppl wouldnt go property halleluyah      ( Date: 03-Jun-2014 12:25) Posted: less stressful also...better peace of mind.  Ronron      ( Date: 03-Jun-2014 12:11) Posted: I agree with this analysis. I would exit on gains to buy a property anytime. Less risk
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halleluyah Supreme	03-Jun-2014 12:25        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	less stressful also...better peace of mind.  Ronron      ( Date: 03-Jun-2014 12:11) Posted: I agree with this analysis. I would exit on gains to buy a property anytime. Less risk. halleluyah      ( Date: 03-Jun-2014 11:55) Posted: Bro Spivvy, property r better than stock. Property px down, u can rent out first. Still generate inome whereas if stock down/mkt crash, then in loss n dun noe can recover back or nt yr losses. Land in S' pore is so scarce, over the decade will appreciate a lot. Am looking to hoot one in 2016 n hope gov will remove all those curbs by then.
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vicloo Supreme	03-Jun-2014 12:21        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	True agree 100%... but spore gov needs to help by removing additional stamp duty 1st... 10 + 3% tax second property is too much! Ronron      ( Date: 03-Jun-2014 12:11) Posted: I agree with this analysis. I would exit on gains to buy a property anytime. Less risk. halleluyah      ( Date: 03-Jun-2014 11:55) Posted: Bro Spivvy, property r better than stock. Property px down, u can rent out first. Still generate inome whereas if stock down/mkt crash, then in loss n dun noe can recover back or nt yr losses. Land in S' pore is so scarce, over the decade will appreciate a lot. Am looking to hoot one in 2016 n hope gov will remove all those curbs by then.
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snowwalker Member	03-Jun-2014 12:20        snowwalker About Contact  Quote this Post!
x 0   x 0  Alert Admin	keep the house and rent it out..passive income... Spivvy      ( Date: 03-Jun-2014 11:11) Posted: after selling my mama' s house, move some monies to hankore park 10 years, eh sai boh?   dingbat      ( Date: 03-Jun-2014 11:04) Posted: My holdings aren' t large, if  unload -- at least 1.27 above.  Kopi lui at most  but something better than nothing.  Having said that, I think HK  is in a safe zone now and can keep for the long term.    As long as the management is sound, the value of the coy  will appreciate sooner or later.  If got more bullets, might hold on for longer since the long term prospects for water treatment    in burgeoning China  前 途 无 量
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Ronron Member	03-Jun-2014 12:11        Ronron About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I agree with this analysis. I would exit on gains to buy a property anytime. Less risk. halleluyah      ( Date: 03-Jun-2014 11:55) Posted: Bro Spivvy, property r better than stock. Property px down, u can rent out first. Still generate inome whereas if stock down/mkt crash, then in loss n dun noe can recover back or nt yr losses. Land in S' pore is so scarce, over the decade will appreciate a lot. Am looking to hoot one in 2016 n hope gov will remove all those curbs by then. Spivvy      ( Date: 03-Jun-2014 11:11) Posted: after selling my mama' s house, move some monies to hankore park 10 years, eh sai boh?
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vicloo Supreme	03-Jun-2014 12:09        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think you need to fix a target price... and stay with it.... from 1.5 to 1.7 and now 5.... you cant make decision.... with a continous change by greed.... :) Spivvy      ( Date: 03-Jun-2014 11:07) Posted: OK Can. Aim for $5 now.
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halleluyah Supreme	03-Jun-2014 11:55        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro Spivvy, property r better than stock. Property px down, u can rent out first. Still generate inome whereas if stock down/mkt crash, then in loss n dun noe can recover back or nt yr losses. Land in S' pore is so scarce, over the decade will appreciate a lot. Am looking to hoot one in 2016 n hope gov will remove all those curbs by then. Spivvy      ( Date: 03-Jun-2014 11:11) Posted: after selling my mama' s house, move some monies to hankore park 10 years, eh sai boh?   dingbat      ( Date: 03-Jun-2014 11:04) Posted: My holdings aren' t large, if  unload -- at least 1.27 above.  Kopi lui at most  but something better than nothing.  Having said that, I think HK  is in a safe zone now and can keep for the long term.    As long as the management is sound, the value of the coy  will appreciate sooner or later.  If got more bullets, might hold on for longer since the long term prospects for water treatment    in burgeoning China  前 途 无 量
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leemakkie Member	03-Jun-2014 11:38        leemakkie About Contact  Quote this Post!
x 0   x 0  Alert Admin	I bought in more at $1.15 earlier. Reckon that it will stablise then move upwards.
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Spivvy Elite	03-Jun-2014 11:35        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 1  Alert Admin	sure sell, just a matter of time, its not childhood home anyway.  New house with my wife under construction. Not in better spirits, in fact feeling worse becos yesterday sent mama to old home liao, all alone at home. If dont whack into hankore, then will be inside the posb savings account lor, waiting for depreciation. dingbat      ( Date: 03-Jun-2014 11:30) Posted: LOL. Keep your childhood home lah. Rent it out and wait for the property price to rise definitely safer and more lucrative. Glad to see you in better spirits.
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dingbat Veteran	03-Jun-2014 11:30        dingbat About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOL. Keep your childhood home lah. Rent it out and wait for the property price to rise definitely safer and more lucrative. Glad to see you in better spirits.
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Spivvy Elite	03-Jun-2014 11:11        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	after selling my mama' s house, move some monies to hankore park 10 years, eh sai boh?   dingbat      ( Date: 03-Jun-2014 11:04) Posted: My holdings aren' t large, if  unload -- at least 1.27 above.  Kopi lui at most  but something better than nothing.  Having said that, I think HK  is in a safe zone now and can keep for the long term.    As long as the management is sound, the value of the coy  will appreciate sooner or later.  If got more bullets, might hold on for longer since the long term prospects for water treatment    in burgeoning China  前 途 无 量
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Spivvy Elite	03-Jun-2014 11:07        Spivvy About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	OK Can. Aim for $5 now.
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dingbat Veteran	03-Jun-2014 11:04        dingbat About Contact  Quote this Post!
x 0   x 0  Alert Admin	My holdings aren' t large, if  unload -- at least 1.27 above.  Kopi lui at most  but something better than nothing.  Having said that, I think HK  is in a safe zone now and can keep for the long term.    As long as the management is sound, the value of the coy  will appreciate sooner or later.  If got more bullets, might hold on for longer since the long term prospects for water treatment    in burgeoning China  前 途 无 量
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