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3581-3600 of 3689
Is this worth buying now?
higher us-dollar should boost revenue and profit, higher hkd exchange rate mean higher dividends in Singapore Dollars.
$0.08 HKD = $0.0132 (x0.1651) this week
$0.08 HKD = $0.0128 (x0.16) last few week
rally not enough juice to chiong
1 AUG 2013...HKD $0.08 = $0.013 SGD cents........LOAD some before it rally
May I know when the DVD confirm? Thks.
Valuetronics (BN2) has an ongoing P/E of 6.83, which indicates that it is undervalued. Technical indicators MACD, Stochastic Oscillator and RSI are increasing. http://sgx.stoxline.com/quote.php?s=bn2
Yup 8cts HKD is consider quite generous already. The licensing department budget overrun actually only discover somewhere 1Q last year, thus it is only start reflecting on 2Q financial report. They have did something that is not a common practice, that is restate the financial loss to previous year, but in actual fact to them FY 2012 when they declare a divident of 17HKcts the earning per share is 44.4HKcts, that equate to 38% of their earning. But in actual scenario in FY 2013, what being seen by the company earning should be 32.8HKcts - 11HKcts (Loss due to licensing department) -8.3HKcts (loss restate due to licensing department) = 13.5HKcts per share, thus a 8HKcts to the company for this year earning should be equate to 59.2% of their earning.
Don't forget all the planning was still based on unknown overrun until after 1Q FY 2013. What I admire is the way that the company handle such situation, decisive, close down the unearning department immediately. And Also once this closing down issue, Chief Technical Officer was ask to go. Some company might just transfer the CTO to other department. But Valuetronics decision show a clear understanding of business world. The unnotice overrun must be due to false reporting or poor management, if the company allow such chief to stay then the company other department will also failed.
Especially when China PMI continue to increase I believe valuetronics will benefit from this trend and the way they take care of their share holder with proper amount of divident payout also make me clasified this counter under my divident payout porfolio.
5月 PMI显 示 指 数 有 所 回 升 经 济 持 续 走 稳
国 物 流 与 采 购 联 合 会 、 国 家 统 计 局 服 务 业 调 查 中 心 发 布 的 2013年 5月 份 中 国 制 造 业 采 购 经 理 指 数 (PMI)为 50.8%， 比 上 月 回 升 0.2个 百 分 点 ， 分 项 指 数 中 多 数 指 数 有 所 回 升 ， 整 体 走 势 好 于 历 史 同 期 ， 显 示 当 前 经 济 运 行 基 本 态 势 稳 中 见 升 。
行 业 企 稳 回 升 基 本 面 扩 大 。 21个 行 业 当 中 ， 有 14个 行 业 PMI指 数 达 到 50%以 上 ， 显 示 多 数 行 业 企 稳 回 升 。 钢 铁 、 有 色 等 周 期 性 行 业 回 升 明 显 ， 新 订 单 指 数 回 升 均 达 到 2个 百 分 点 ， 生 产 指 数 回 升 超 过 4个 百 分 点 。 同 “衣 、 食 、 住 、 行 ”密 切 相 关 的 消 费 品 行 业 回 升 也 较 为 显 著 ， 其 PMI指 数 回 升 至 50%以 上 ， 显 示 公 众 消 费 需 求 趋 升 。
企 业 经 营 形 势 逐 渐 转 好 。 今 年 以 来 ， 大 型 企 业 一 直 稳 定 在 51%以 上 ， 波 动 较 小 ； 中 型 企 业 自 3月 份 以 来 在 50%以 上 持 续 小 幅 回 升 ， 5月 份 较 上 月 回 升 0.7个 百 分 点 ， 达 到 51.4%。 目 前 大 中 型 企 业 PMI指 数 均 回 升 至 去 年 同 期 水 平 之 上 ， 反 映 出 大 中 型 企 业 经 营 状 况 持 续 好 转 ， 微 观 经 济 基 础 趋 向 改 善 。
结 构 调 整 进 一 步 显 示 成 效 。 今 年 以 来 ， 装 备 制 造 业 产 需 持 续 同 步 回 升 。 5月 份 回 升 进 一 步 加 快 。 新 订 单 指 数 、 生 产 指 数 均 达 到 58%以 上 ， 较 上 月 回 升 超 过 4个 百 分 点 ， 显 示 出 装 备 制 造 业 在 需 求 支 撑 下 稳 步 回 升 ， 整 体 发 展 势 头 良 好 。
库 存 调 整 呈 见 底 迹 象 。 企 业 采 购 活 动 增 加 ， 库 存 有 所 回 升 ， 购 进 价 格 明 显 反 弹 。 采 购 量 指 数 为 51.5%， 较 上 月 上 升 0.5个 百 分 点 ， 连 续 三 个 月 保 持 在 51%以 上 。 与 此 相 应 ， 产 成 品 库 存 指 数 、 原 材 料 库 存 指 数 低 位 回 升 ， 购 进 价 格 指 数 明 显 反 弹 ， 较 上 月 回 升 5个 百 分 点 。 综 合 来 看 ， 当 前 企 业 库 存 调 整 呈 现 见 底 迹 象 ， 后 期 采 购 、 补 库 等 经 营 活 动 趋 于 积 极 ， 将 为 宏 观 经 济 企 稳 回 升 带 来 一 定 空 间 。
johnng ( Date: 28-May-2013 10:57) Posted:
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Buying keep increasing at $0.21......most buying for dividends
Something to watch out for at $0.215.....big fat dividends of $0.01297 or $0.08HKD announce in FY report 13
HK dollar rising with the US dollar....dividend will be higher once converted to Singapore dollar...
they paying HK$0.08 to shareholders...really solid dividends..
stil holding on at $0.21
There isn't much changes in the result, thus the result is still quite consistance. But the discountinous operation is only annouce this year, thus the loss of the discontinous operation actually being accounted for at this year financial statement under the book keeping.
| 2013 Q3 | 2012 Q3 | 2013 Q4 | 2012 Q4 | |
| HK$'000 | HK$'000 | HK$'000 | HK$'000 | |
| Revenue | 508,103 | 607,134 | 479,125 | 573,920 |
| Cost of sales | -443,721 | -521,200 | -419,482 | -497,695 |
| Gross profit | 64,382 | 85,934 | 59,643 | 76,225 |
| Other income | 2,860 | 4,539 | 2,814 | 4,203 |
| Selling and distribution costs | -8,299 | -11,595 | -7,911 | -9,163 |
| Administrative expenses | -28,491 | -27,294 | -26,563 | -27,561 |
| Net other operating (losses)/gains | -43 | 152 | 132 | -52 |
| Profit from operations | 30,409 | 51,736 | 28,115 | 43,652 |
| Finance costs | -289 | -511 | -212 | -392 |
| Profit before tax | 30,120 | 51,225 | 27,903 | 43,260 |
| Income tax expense | -4,487 | -7,207 | -2,102 | 39 |
| Profit for the year from continuing operations | 25,633 | 44,018 | 25,801 | 43,299 |
| Loss for the year from discontinued operations | -1,125 | -12,529 | -665 | -4,877 |
| Profit for the year | 24,508 | 31,489 | 25,136 | 38,422 |
beginners ( Date: 25-May-2013 17:18) Posted:
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Report earning no good but still goes to 0.225. Don't understand anyone can enlighten? Thks. Not vested.
Strong breakout past $0.225
HK8cts dividend announced this morning.
Actually this is the only remaining dividend stock inside my dividend porfortlio, have already sold all my Reits last years as price runs up which make the dividend return reduce and risk increase. Have also diversify MIIF before the halt. Now, leave with this in my dividend porfortlio.
cheongsl ( Date: 13-May-2013 21:25) Posted:
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Sounds logical. Thanks for enlightening. Vested.
cheongsl ( Date: 13-May-2013 21:20) Posted:
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Yup, the dividend payout will not be better then last year, due to discontinue operation. But should be still quite high compare to other counter in STI.
sk6666 ( Date: 13-May-2013 12:27) Posted:
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This is an old report which was release in feb, you mean you get shock for an old report? If you are vest there should be certain reason for your vesting, if you are not vest there is nothing for you to worry about. I don't believe in all this reports, as most of this report show a lack of analysis, without stating logical reason and also does not have indept analysis of the situation. It is just a figure comparison and some idea of buying and selling, and they just come out with certain rolling figure for future fianancial year expection, which seems no logical connection to actual event.
For an overrun facilities, you will see negation of profit occuring in the realising year, and the reason for discontinue of the licensing department is due to relising of lossing business in 1Q2012 , thus the profit release in the year of 2011 is actually negate out in 2012, thus you will see a worst then previous year result. And due to disconinue operation there are also termination charges etc. this will shield the actual profitability. Thus for the subsequent year you will see better then expected result from 2012 as this negation is gone. That is my understanding for the accounting practice, correct me if I am wrong.
The negation due to discontinue operation have reduce for 9M2012 compare to 6M2012, thus most of the loss due to discontinue of operation should have release and the Earning per share is 14.7HK cts for 9M2012. Thus with this I am expecting a 19~21HK cts for the Full year result, and a much better result for next year after the discontinue of the lossing department.
sk6666 ( Date: 13-May-2013 13:16) Posted:
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Do search on last Q report, happen to find this :
http://sgx.i3investor.com/servlets/ptres/3814.jsp
Was shocked with their t/p. Quite worrying now.