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Next to move??
Collections spotted this week
Not moving yet??
Changes to SGX delisting rules.
In favour of minority shareholders, but.........
Effectively may affect companies decision to delist. Some may postpone or shelf their original plans
In favour of minority shareholders, but.........
Effectively may affect companies decision to delist. Some may postpone or shelf their original plans
ysh2006 ( Date: 11-Jul-2019 08:56) Posted:
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Aiya this few months many rumours lah ....eg Hong Fok,Tuan Sing,Fu Yu, Sia Eng, HL Asia etc, only those outsiders no rumour one really privatised eg Hupsteel,HMI, Indo Agri etc....
johnng ( Date: 11-Jul-2019 08:47) Posted:
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Chiong bo today?
CSC and Yongnam used to be hot penny stocks, and last to run amongst the pennies.
CAN CHIONG TML not??
looking good
long term can see 4cents not?
wow 0.031 selldown. haha
tonytan44 ( Date: 10-Jan-2018 11:24) Posted:
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its a short at 0.032. stack so many buyers at 0.031 to offload so little at 0.032
go chiong arh CSC...!!! YONGNAM rallied so much...
CHIONG ARH CSC
RESPONSE TO QUERIES FROM SINGAPORE EXCHANGE SECURITIES TRADING
LIMITED ON THE FINANCIAL STATEMENTS ANNOUNCEMENT FOR SECOND
QUARTER ENDED 30 SEPTEMBER 2017
http://infopub.sgx.com/FileOpen/Response%20to%20SGX-ST%20Queries.ashx?App=Announcement& FileID=479435
The Board of Directors (the &ldquo Board&rdquo ) of CSC Holdings Limited (the &ldquo Company" , and collectively with its
subsidiaries, the &ldquo Group&rdquo ) refers its Financial Statements Announcement for Second Quarter Ended 30
September 2017 released on 9 November 2017 (&ldquo 2QFY18 Results Announcement&rdquo ). The Board
would like to respond to the following queries raised by the Singapore Exchange Securities Trading
Limited (the &ldquo SGX-ST&rdquo ) on 21 November 2017 (each, a &ldquo SGX-ST Query&rdquo ) as follows:
SGX-ST Query 1:
It was disclosed on page 3 of the 2QFY18 Results Announcement that &ldquo the improvement in GPM
reflected higher contract prices for the projects secured as demand for the foundation engineering
works continued an upward trend&rdquo . Separately, it was disclosed on page 7 that &ldquo demand for
construction services is expected to remain relatively muted, amid the long-drawn scarcity of private
sector developments in recent years&rdquo . Please reconcile the increase in demand for the foundation
engineering works with the comments on the muted industry trend and elaborate on the outlook for the
Company&rsquo s prospects in the next reporting period and next 12 months.
Company&rsquo s Response:
It was disclosed on page 3 of the 2QFY18 Results Announcement that:-
&ldquo Gross profit for 1HFY18 and 2QFY18 were higher than their respective comparable periods, in line
with the higher revenues recorded. The improvement in GPM reflected higher contract prices for the
projects secured as demand for the foundation engineering works continued an upward trend.&rdquo
The above commentary is to explain the improvement in the GPM for 1HFY18 and 2QFY18 as
compared to the respective comparable periods (i.e. 1HFY17 and 2QFY17).
It was disclosed on page 7 of the 2QFY18 Results Announcement under the Outlook Section that:-
&ldquo The Group maintains a cautious view of the prospects of the construction industry in the year ahead.
Demand for construction services is expected to remain relatively muted, amid the long-drawn scarcity
of private-sector developments in recent years. In this regard, the Group expects that the construction
industry will continue to be supported by government spending in the infrastructure, residential and
industrial sectors.&rdquo
The above commentary is to provide an overview on the prospect of the construction industry in the
year ahead.
SGX-ST Query 2:
It was noted that current trade and other receivables amounted to S$147.3 million as at 30 September
2017 while revenue for 2QFY18 amounted to only S$92.5 million. Please provide:
a. breakdown between trade and other receivables as at 30 September 2017
b. reasons for the significant trade and other receivables which exceeds the revenue in 2QFY18 and
c. the nature of the underlying transactions which resulted in the significant balance of other
receivables as at 30 September 2017.
Company&rsquo s Response:
The breakdown of the current trade and other receivables (in the same format as disclosed in the notes
to the audited accounts for FY2017) are as follows:
As at As at
30 September 2017 31 March 2017
$' 000 $' 000
Trade receivables 49,654 47,639
Amount due from customers for
contract works 87,013 80,643
Amount owing by related
corporations (trade) 81 64
Total trade receivables 136,748 128,346
Other receivables 5,781 3,480
Deposits 4,024 4,844
Tax recoverable 240 266
Prepayments 502 351
147,295 137,287
The total trade receivables' turnover days (net of retention sums) was approximately 123 days as of 30
September 2017 (31 March 2017: 152 days).
By Order of the Board
Lee Quang Loong
Company Secretary
22 November 2017
** CSC closed 0.031 (-0.002) -6% today.
LIMITED ON THE FINANCIAL STATEMENTS ANNOUNCEMENT FOR SECOND
QUARTER ENDED 30 SEPTEMBER 2017
http://infopub.sgx.com/FileOpen/Response%20to%20SGX-ST%20Queries.ashx?App=Announcement& FileID=479435
The Board of Directors (the &ldquo Board&rdquo ) of CSC Holdings Limited (the &ldquo Company" , and collectively with its
subsidiaries, the &ldquo Group&rdquo ) refers its Financial Statements Announcement for Second Quarter Ended 30
September 2017 released on 9 November 2017 (&ldquo 2QFY18 Results Announcement&rdquo ). The Board
would like to respond to the following queries raised by the Singapore Exchange Securities Trading
Limited (the &ldquo SGX-ST&rdquo ) on 21 November 2017 (each, a &ldquo SGX-ST Query&rdquo ) as follows:
SGX-ST Query 1:
It was disclosed on page 3 of the 2QFY18 Results Announcement that &ldquo the improvement in GPM
reflected higher contract prices for the projects secured as demand for the foundation engineering
works continued an upward trend&rdquo . Separately, it was disclosed on page 7 that &ldquo demand for
construction services is expected to remain relatively muted, amid the long-drawn scarcity of private
sector developments in recent years&rdquo . Please reconcile the increase in demand for the foundation
engineering works with the comments on the muted industry trend and elaborate on the outlook for the
Company&rsquo s prospects in the next reporting period and next 12 months.
Company&rsquo s Response:
It was disclosed on page 3 of the 2QFY18 Results Announcement that:-
&ldquo Gross profit for 1HFY18 and 2QFY18 were higher than their respective comparable periods, in line
with the higher revenues recorded. The improvement in GPM reflected higher contract prices for the
projects secured as demand for the foundation engineering works continued an upward trend.&rdquo
The above commentary is to explain the improvement in the GPM for 1HFY18 and 2QFY18 as
compared to the respective comparable periods (i.e. 1HFY17 and 2QFY17).
It was disclosed on page 7 of the 2QFY18 Results Announcement under the Outlook Section that:-
&ldquo The Group maintains a cautious view of the prospects of the construction industry in the year ahead.
Demand for construction services is expected to remain relatively muted, amid the long-drawn scarcity
of private-sector developments in recent years. In this regard, the Group expects that the construction
industry will continue to be supported by government spending in the infrastructure, residential and
industrial sectors.&rdquo
The above commentary is to provide an overview on the prospect of the construction industry in the
year ahead.
SGX-ST Query 2:
It was noted that current trade and other receivables amounted to S$147.3 million as at 30 September
2017 while revenue for 2QFY18 amounted to only S$92.5 million. Please provide:
a. breakdown between trade and other receivables as at 30 September 2017
b. reasons for the significant trade and other receivables which exceeds the revenue in 2QFY18 and
c. the nature of the underlying transactions which resulted in the significant balance of other
receivables as at 30 September 2017.
Company&rsquo s Response:
The breakdown of the current trade and other receivables (in the same format as disclosed in the notes
to the audited accounts for FY2017) are as follows:
As at As at
30 September 2017 31 March 2017
$' 000 $' 000
Trade receivables 49,654 47,639
Amount due from customers for
contract works 87,013 80,643
Amount owing by related
corporations (trade) 81 64
Total trade receivables 136,748 128,346
Other receivables 5,781 3,480
Deposits 4,024 4,844
Tax recoverable 240 266
Prepayments 502 351
147,295 137,287
The total trade receivables' turnover days (net of retention sums) was approximately 123 days as of 30
September 2017 (31 March 2017: 152 days).
By Order of the Board
Lee Quang Loong
Company Secretary
22 November 2017
** CSC closed 0.031 (-0.002) -6% today.
A lot of buying at 3.5 cents. Is this distribution or BB accumulating?
Rewarding those who kept the faith.
Csc holding well, how will Tat Hong profit guidance impact Csc...Time will tell....but have faith and dyodd
Reset earlier to 28/29 Low was 28
Now 29/30, high volume traded so far.
Is this time to buy? Or wait out for impending results?
high risk.....high gain/loss (your money, your call)
Now 29/30, high volume traded so far.
Is this time to buy? Or wait out for impending results?
high risk.....high gain/loss (your money, your call)
You have to call a spade, a spade.
Call it any names, the main contention is CSC will be registering a Loss in forthcoming report.
Then again, anything can still happen.
Only thing I agree is to DYODD.
Call it any names, the main contention is CSC will be registering a Loss in forthcoming report.
Then again, anything can still happen.
Only thing I agree is to DYODD.
Timer78 ( Date: 28-Oct-2017 13:01) Posted:
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