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Hovering over 0.395 to 0.40. Need patience.
Let go 2/3 of my holding. Keep the remaining and try luck.
| smallsgshare ( Date: 09-Oct-2022 15:30) Posted: |
Friendly parties Still soaking up the shares at $0.395.
Total 8.8 mil soaked up
Total 8.8 mil soaked up
Getting ready to clear the wall of 10 mil shares at $0.40
SmallSmall ( Date: 24-Nov-2022 15:30) Posted:
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High goes higher.......
Just clear 39.5c.
smallsgshare ( Date: 24-Nov-2022 14:36) Posted:
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People expect USD will soften much when start privatisation ?
tohchinhwee ( Date: 24-Nov-2022 14:45) Posted:
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0.395 also cannot clear.
Set to test 0.4 today~~~
Dannkh ( Date: 23-Nov-2022 15:45) Posted:
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If the price is marked to US$ vs S$, the price is 43c (1.38 x US31.5c). Say give discount of 2c, it should be
41c. See whether it works this way for Halcyon.
The forecast for next year fx rate, US$ vs S$ is above S$1.40. Dyodd.
41c. See whether it works this way for Halcyon.
The forecast for next year fx rate, US$ vs S$ is above S$1.40. Dyodd.
smallsgshare ( Date: 23-Nov-2022 15:33) Posted:
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So powerful! Cheers 
Start running. now.0.395
Halcyon Agri reports operating loss of US$2.2m in Q3 amid lower rubber prices
HALCYON Agri Corporation : 5VJ 0% posted an operating loss of US$2.2 million for its third quarter ended Sep 30, 2022, compared to the operating profit of US$0.7 million a year earlier.
Core earnings before interest, taxes, depreciation, and amortisation (Ebitda) was at US$10.2 million, up year on year from US$9.4 million in Q3 2021, but down quarter on quarter from US$16.2 million in Q2 2022.
Meanwhile, gross profit for the period was up 13.3 per cent on-year to US$39.1 million, while revenue rose 17.9 per cent on-year to US$709.8 million, said the natural rubber supplier on Monday (Nov 21).
The company noted that its sales volume for the quarter rose to 394,684 metric tonnes, from 330,474 metric tonnes from a year earlier, which it attributed to its &ldquo timely capture of market demand through its global pole position and vertically integrated capabilities&rdquo .
A recent decline in rubber prices had resulted in &ldquo some level of margin compression&rdquo in its plantation and processing businesses.
But this was offset by a stronger performance in its distribution business in destination markets, the company said.
Li Xuetao, chief executive of Halcyon Agri, said the company remains &ldquo encouraged and cautiously optimistic on our prospects in the remaining months&rdquo of 2022.
He said: &ldquo The recent interest rate increases by the US Federal Reserve will inevitably affect global demand, but this could be offset by the resurgence of demand upon China&rsquo s reopening.&rdquo
Last Wednesday, Shanghai Stock Exchange-listed China Hainan Rubber Industry Group said it will acquire 574.2 million shares in Halcyon Agri at US$0.315 apiece, for a total cash consideration of US$180.9 million.
This represents a 36 per cent stake in Halcyon Agri the share purchase will also trigger a mandator general offer (MGO) for the Singapore-listed company.
Li noted that the company&rsquo s businesses will operate as usual while the share purchase and MGO takes time.
&ldquo Halcyon Agri views this transaction positively, as it can further augment our position as the leading integrated supply chain manager,&rdquo he added.
FOR IMMEDIATE RELEASE
Halcyon Agri Maintains Growth Momentum in Q3 2022 SINGAPORE, 21 November 2022 &ndash
Halcyon Agri Corporation Limited (&ldquo Halcyon Agri&rdquo , the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) today provides voluntary business update for the third quarter ended 30 September 2022 (&ldquo Q3 2022&rdquo ). The Group maintains a stable overall performance in Q3 2022 despite the macroeconomic headwinds, as we continue to be prudent in operational and working capital management. Sales volume continued to grow, a testament to the strength of our global franchise. The recent decline in rubber prices has resulted in some level of margin compression in our plantation and processing businesses, but the effect was set off by a stronger performance of the distribution business in destination markets. The Group continues to be profitable for the nine months ended 30 September 2022 (&ldquo 9M 2022&rdquo ). Pre-Conditional Mandatory General Offer (&ldquo MGO&rdquo ) by China Hainan Rubber Industry Group Co., Ltd. (&ldquo Hainan Rubber&rdquo ) With reference to our announcement on SGX dated 17 November 2022, Hainan Rubber has announced that it has entered into a share purchase agreement with Sinochem International (Overseas) Pte Ltd (&ldquo Sinochem&rdquo ), to acquire 36.0% shareholding in the Company at US$0.315 (equivalent to approximately S$0.44 based on exchange rate of US$1.00:S$1.3839) per ordinary share. The share purchase will trigger a MGO. The share purchase and the MGO are subject to fulfilment of certain conditions precedent. Hainan Rubber, a state-owned company listed on the Shanghai Stock Exchange, is primarily engaged in the planting, processing and distribution of natural rubber in China and internationally.
CEO Remarks Mr Li Xuetao (李 雪 涛 ), Chief Executive Officer commented, &ldquo The consummation of the share purchase and MGO will take time, considering the approvals required, and we will continue to provide timely updates to our shareholders as and when there are material developments. Halcyon Agri views this transaction positively, as it can further augment our position as the leading integrated supply chain manager. Meanwhile, the Group&rsquo s businesses will operate as usual as we remain focused to create long-term value for our stakeholders.&rdquo &ldquo We have continued to achieve our operational goals despite the lower rubber prices environment and margin compression situation, which is reflected in our stable Q3 2022 results.&rdquo &ldquo The recent interest rate increases by the Federal Reserve will inevitably affect global demand, but this could be offset by the resurgence of demand upon China&rsquo s reopening. We are confident that our business model and global presence have positioned us well to capitalise on the demand uptrend, enabling us to overcome any challenges ahead. The Group remains encouraged and cautiously optimistic on our prospects in the remaining months of FY2022.&rdquo
Halcyon Agri Maintains Growth Momentum in Q3 2022 SINGAPORE, 21 November 2022 &ndash
Halcyon Agri Corporation Limited (&ldquo Halcyon Agri&rdquo , the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) today provides voluntary business update for the third quarter ended 30 September 2022 (&ldquo Q3 2022&rdquo ). The Group maintains a stable overall performance in Q3 2022 despite the macroeconomic headwinds, as we continue to be prudent in operational and working capital management. Sales volume continued to grow, a testament to the strength of our global franchise. The recent decline in rubber prices has resulted in some level of margin compression in our plantation and processing businesses, but the effect was set off by a stronger performance of the distribution business in destination markets. The Group continues to be profitable for the nine months ended 30 September 2022 (&ldquo 9M 2022&rdquo ). Pre-Conditional Mandatory General Offer (&ldquo MGO&rdquo ) by China Hainan Rubber Industry Group Co., Ltd. (&ldquo Hainan Rubber&rdquo ) With reference to our announcement on SGX dated 17 November 2022, Hainan Rubber has announced that it has entered into a share purchase agreement with Sinochem International (Overseas) Pte Ltd (&ldquo Sinochem&rdquo ), to acquire 36.0% shareholding in the Company at US$0.315 (equivalent to approximately S$0.44 based on exchange rate of US$1.00:S$1.3839) per ordinary share. The share purchase will trigger a MGO. The share purchase and the MGO are subject to fulfilment of certain conditions precedent. Hainan Rubber, a state-owned company listed on the Shanghai Stock Exchange, is primarily engaged in the planting, processing and distribution of natural rubber in China and internationally.
CEO Remarks Mr Li Xuetao (李 雪 涛 ), Chief Executive Officer commented, &ldquo The consummation of the share purchase and MGO will take time, considering the approvals required, and we will continue to provide timely updates to our shareholders as and when there are material developments. Halcyon Agri views this transaction positively, as it can further augment our position as the leading integrated supply chain manager. Meanwhile, the Group&rsquo s businesses will operate as usual as we remain focused to create long-term value for our stakeholders.&rdquo &ldquo We have continued to achieve our operational goals despite the lower rubber prices environment and margin compression situation, which is reflected in our stable Q3 2022 results.&rdquo &ldquo The recent interest rate increases by the Federal Reserve will inevitably affect global demand, but this could be offset by the resurgence of demand upon China&rsquo s reopening. We are confident that our business model and global presence have positioned us well to capitalise on the demand uptrend, enabling us to overcome any challenges ahead. The Group remains encouraged and cautiously optimistic on our prospects in the remaining months of FY2022.&rdquo
CAO was handling a very important commodity - oil for China.
It is worth noting that natural rubber is one of the four basic industrial raw materials, supporting the modern industrial system together with petroleum, steel and coal.
At the same time, natural rubber is an irreplaceable important strategic material, which involves the national defense security of our country. China is the largest consumer and importer of natural rubber in the world. According to ANRPC statistics, China' s natural rubber consumption in 2021 is about 5.949 million tons, accounting for 56.8% of global natural rubber consumption China' s natural rubber production in 2021 is about 851,000 tons, accounting for about 6.2% of global natural rubber production. Since the output is far lower than the consumption, China has a high dependence on the import of natural rubber. Currently, the import of natural rubber accounts for about half of the total global import.
At the same time, natural rubber is an irreplaceable important strategic material, which involves the national defense security of our country. China is the largest consumer and importer of natural rubber in the world. According to ANRPC statistics, China' s natural rubber consumption in 2021 is about 5.949 million tons, accounting for 56.8% of global natural rubber consumption China' s natural rubber production in 2021 is about 851,000 tons, accounting for about 6.2% of global natural rubber production. Since the output is far lower than the consumption, China has a high dependence on the import of natural rubber. Currently, the import of natural rubber accounts for about half of the total global import.
S chips after squeezing those who bought on day of announcement, it may go up.
wooncs8870 ( Date: 21-Nov-2022 15:57) Posted:
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Anyway, I threw all out at a loss
FrancisLim ( Date: 21-Nov-2022 15:04) Posted:
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4 lots traded at 0.385.
Typical S chips. After the initial announcements, took the opportunity to unload...
Typical S chips. After the initial announcements, took the opportunity to unload...
Despite all the hike on this counter, loos like punters are staying away from it even though it was tauted as one potential counter that can reap profits. It was similar to the ISDN and Acesian counters but ended up these two counters are trending down till today.