Jadason
Last:0.029
-0.001
telecommunications doing well....RTO or M&A next?
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481-500 of 501
another tech gem ASTI coming?
Since this is a gem so.... let's long n huat la!!!!
Congrats to all JADASON..thanks to RHB upgrades...
Looks like all the " Doubtful Shorts" kena squeezed with fear and are frantically covering now ..... hitting 52 wk high again 0.09 ...
a prc counter??
Thanks for the Jad report link, Bro Huataarrhh.
Huataarrhh ( Date: 08-May-2017 10:37) Posted:
RHB initiate today, target price 15c
http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Files/GetFile.aspx?FileVersionID=60074& ieHack=.636298019165818761
We initiate coverage on Jadason with a BUY recommendation and DCF-based TP of SGD0.15 (103% upside). As a PCB drilling and mass lamination service provider, it is a key proxy to the uptrend in the semiconductor space. The company has even expanded its customer base as well as product mix, with growing demand from existing and new customers. Moreover, it has also secured a new major U.S smartphone project via an existing customer in its lucrative drilling and manufacturing division. This would bump its segment revenue by 30% for the new product launch slated for 2H17. Following a turnaround in FY16, we expect it to enjoy bumper profits in FY17F-18F.
Lucrative manufacturing and services margins. Previously, Jadason Enterprises (Jadason) had been required to source the material for its customers and as a result, it suffered forex risk and a change in material costs. It has since revamped its business model and is now solely providing drilling and lamination services for its customers. Gross margins for this segment have since become highly lucrative at > 40%. Its margins have been also improving over the years despite a drop in revenue, which are mainly from material costs.
Change in product mix and automation improve margins. As technology advances, the number of holes required in a printed circuit board (PCB) increases. As it is able to use the same machines to drill more holes with the same precision, the company&rsquo s margins would also increase with more holes in a PCB. Previously, it was doing PCBs with 10,000 holes and below. Currently, it has customers in the mobile and automotive segments that require 20,000-100,000 and 5000-20,000 holes in a PCB respectively.
New mobile project secured to fuel bumper growth. Through an existing customer, it has secured a new project for the next three years which involves a leading smartphone player in the US, in its lucrative drilling and manufacturing division. This new model of this US smartphone &ndash targeted to launch in 2H17 &ndash would likely require at least 40,000 holes in a PCB. We think that this would cause its drilling segment revenue to rise by 20-30% pa over the next two to three years, resulting in its NPAT to grow significantly for FY17F and FY18F.
Positives abound. As at FY16, Jadason&rsquo s balance sheet was strong with a net cash position of SGD18m, approximately 40% of its market cap. Management revealed that it is keen to reward shareholders and would likely give dividends this year if it performs well. Due to the low capex requirement, we expect it to continue generating positive cash flow, and potentially distributing an attractive dividend yield of 9.6% for FY17F. In addition, its share buyback mandate was approved at its AGM in Apr 2017.
Initiate coverage with a BUY with DCF-based TP of SGD0.15. Following a visit to its factory in Dongguan and coupled with the positive sector outlook as well as its growth plans, we are confident of the bumper years ahead and expect a FY16-19F NPAT CAGR of 70%. This is also accompanied by an attractive dividend yield of an estimated 9.6% for FY17F. Our DCF-backed TP of SGD0.15 implies a reasonable 12x FY18F P/E, in line with peers.
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Jad has crossed my PE10 price target max limit @ 0.0824 and will move towards its PE15 @ 0.102~0.124 .... provided its 1Q17 earning momentum is inline with its 3Q16 & 4Q16 rates ....
1Q17 earning release .... still patiently waiting.
volvo125 ( Date: 25-Apr-2017 12:15) Posted:
Jad 1Q17 result will be released in the next few days (1Q16 was released on 3 May 2016).
This is the moment of truth ... If Jad fy17 earning momentum is inline with its 2H16 rate, at 20PE, it will worth between 0.136~0.165. Even at a low 10PE, it will still worth between 0.068~0.0824. Profitable Electronic stocks are typically trading with PE in the teens or low 20s.
Like AEM, Jad will fly if it can keep its positive earning momentum, even with zero revenue growth.
Patiently waiting.
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Happy to share! Hope Jadason rockets above 10c!
beltrance ( Date: 08-May-2017 13:48) Posted:
thanks for sharing. based on TP of 0.15 i decided to step in again this morning at 0.179 and now is already 0.184, so looking good.
THE EDGE MARKETS is also covering this one : http://www.theedgemarkets.com.sg/rhb-starts-coverage-jadason-high-hopes
pretty sure it will keep flying the coming days.
Huataarrhh ( Date: 08-May-2017 10:37) Posted:
RHB initiate today, target price 15c
http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Files/GetFile.aspx?FileVersionID=60074& ieHack=.636298019165818761
We initiate coverage on Jadason with a BUY recommendation and DCF-based TP of SGD0.15 (103% upside). As a PCB drilling and mass lamination service provider, it is a key proxy to the uptrend in the semiconductor space. The company has even expanded its customer base as well as product mix, with growing demand from existing and new customers. Moreover, it has also secured a new major U.S smartphone project via an existing customer in its lucrative drilling and manufacturing division. This would bump its segment revenue by 30% for the new product launch slated for 2H17. Following a turnaround in FY16, we expect it to enjoy bumper profits in FY17F-18F.
Lucrative manufacturing and services margins. Previously, Jadason Enterprises (Jadason) had been required to source the material for its customers and as a result, it suffered forex risk and a change in material costs. It has since revamped its business model and is now solely providing drilling and lamination services for its customers. Gross margins for this segment have since become highly lucrative at > 40%. Its margins have been also improving over the years despite a drop in revenue, which are mainly from material costs.
Change in product mix and automation improve margins. As technology advances, the number of holes required in a printed circuit board (PCB) increases. As it is able to use the same machines to drill more holes with the same precision, the company&rsquo s margins would also increase with more holes in a PCB. Previously, it was doing PCBs with 10,000 holes and below. Currently, it has customers in the mobile and automotive segments that require 20,000-100,000 and 5000-20,000 holes in a PCB respectively.
New mobile project secured to fuel bumper growth. Through an existing customer, it has secured a new project for the next three years which involves a leading smartphone player in the US, in its lucrative drilling and manufacturing division. This new model of this US smartphone &ndash targeted to launch in 2H17 &ndash would likely require at least 40,000 holes in a PCB. We think that this would cause its drilling segment revenue to rise by 20-30% pa over the next two to three years, resulting in its NPAT to grow significantly for FY17F and FY18F.
Positives abound. As at FY16, Jadason&rsquo s balance sheet was strong with a net cash position of SGD18m, approximately 40% of its market cap. Management revealed that it is keen to reward shareholders and would likely give dividends this year if it performs well. Due to the low capex requirement, we expect it to continue generating positive cash flow, and potentially distributing an attractive dividend yield of 9.6% for FY17F. In addition, its share buyback mandate was approved at its AGM in Apr 2017.
Initiate coverage with a BUY with DCF-based TP of SGD0.15. Following a visit to its factory in Dongguan and coupled with the positive sector outlook as well as its growth plans, we are confident of the bumper years ahead and expect a FY16-19F NPAT CAGR of 70%. This is also accompanied by an attractive dividend yield of an estimated 9.6% for FY17F. Our DCF-backed TP of SGD0.15 implies a reasonable 12x FY18F P/E, in line with peers.
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typo error, i stepped in at
0.079 and now
0.084, still on track for almost 100% profit with the 0.15 TP.
beltrance ( Date: 08-May-2017 13:48) Posted:
thanks for sharing. based on TP of 0.15 i decided to step in again this morning at 0.179 and now is already 0.184, so looking good.
THE EDGE MARKETS is also covering this one : http://www.theedgemarkets.com.sg/rhb-starts-coverage-jadason-high-hopes
pretty sure it will keep flying the coming days.
Huataarrhh ( Date: 08-May-2017 10:37) Posted:
RHB initiate today, target price 15c
http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Files/GetFile.aspx?FileVersionID=60074& ieHack=.636298019165818761
We initiate coverage on Jadason with a BUY recommendation and DCF-based TP of SGD0.15 (103% upside). As a PCB drilling and mass lamination service provider, it is a key proxy to the uptrend in the semiconductor space. The company has even expanded its customer base as well as product mix, with growing demand from existing and new customers. Moreover, it has also secured a new major U.S smartphone project via an existing customer in its lucrative drilling and manufacturing division. This would bump its segment revenue by 30% for the new product launch slated for 2H17. Following a turnaround in FY16, we expect it to enjoy bumper profits in FY17F-18F.
Lucrative manufacturing and services margins. Previously, Jadason Enterprises (Jadason) had been required to source the material for its customers and as a result, it suffered forex risk and a change in material costs. It has since revamped its business model and is now solely providing drilling and lamination services for its customers. Gross margins for this segment have since become highly lucrative at > 40%. Its margins have been also improving over the years despite a drop in revenue, which are mainly from material costs.
Change in product mix and automation improve margins. As technology advances, the number of holes required in a printed circuit board (PCB) increases. As it is able to use the same machines to drill more holes with the same precision, the company&rsquo s margins would also increase with more holes in a PCB. Previously, it was doing PCBs with 10,000 holes and below. Currently, it has customers in the mobile and automotive segments that require 20,000-100,000 and 5000-20,000 holes in a PCB respectively.
New mobile project secured to fuel bumper growth. Through an existing customer, it has secured a new project for the next three years which involves a leading smartphone player in the US, in its lucrative drilling and manufacturing division. This new model of this US smartphone &ndash targeted to launch in 2H17 &ndash would likely require at least 40,000 holes in a PCB. We think that this would cause its drilling segment revenue to rise by 20-30% pa over the next two to three years, resulting in its NPAT to grow significantly for FY17F and FY18F.
Positives abound. As at FY16, Jadason&rsquo s balance sheet was strong with a net cash position of SGD18m, approximately 40% of its market cap. Management revealed that it is keen to reward shareholders and would likely give dividends this year if it performs well. Due to the low capex requirement, we expect it to continue generating positive cash flow, and potentially distributing an attractive dividend yield of 9.6% for FY17F. In addition, its share buyback mandate was approved at its AGM in Apr 2017.
Initiate coverage with a BUY with DCF-based TP of SGD0.15. Following a visit to its factory in Dongguan and coupled with the positive sector outlook as well as its growth plans, we are confident of the bumper years ahead and expect a FY16-19F NPAT CAGR of 70%. This is also accompanied by an attractive dividend yield of an estimated 9.6% for FY17F. Our DCF-backed TP of SGD0.15 implies a reasonable 12x FY18F P/E, in line with peers.
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thanks for sharing. based on TP of 0.15 i decided to step in again this morning at 0.179 and now is already 0.184, so looking good.
THE EDGE MARKETS is also covering this one :
http://www.theedgemarkets.com.sg/rhb-starts-coverage-jadason-high-hopes
pretty sure it will keep flying the coming days.
Huataarrhh ( Date: 08-May-2017 10:37) Posted:
RHB initiate today, target price 15c
http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Files/GetFile.aspx?FileVersionID=60074& ieHack=.636298019165818761
We initiate coverage on Jadason with a BUY recommendation and DCF-based TP of SGD0.15 (103% upside). As a PCB drilling and mass lamination service provider, it is a key proxy to the uptrend in the semiconductor space. The company has even expanded its customer base as well as product mix, with growing demand from existing and new customers. Moreover, it has also secured a new major U.S smartphone project via an existing customer in its lucrative drilling and manufacturing division. This would bump its segment revenue by 30% for the new product launch slated for 2H17. Following a turnaround in FY16, we expect it to enjoy bumper profits in FY17F-18F.
Lucrative manufacturing and services margins. Previously, Jadason Enterprises (Jadason) had been required to source the material for its customers and as a result, it suffered forex risk and a change in material costs. It has since revamped its business model and is now solely providing drilling and lamination services for its customers. Gross margins for this segment have since become highly lucrative at > 40%. Its margins have been also improving over the years despite a drop in revenue, which are mainly from material costs.
Change in product mix and automation improve margins. As technology advances, the number of holes required in a printed circuit board (PCB) increases. As it is able to use the same machines to drill more holes with the same precision, the company&rsquo s margins would also increase with more holes in a PCB. Previously, it was doing PCBs with 10,000 holes and below. Currently, it has customers in the mobile and automotive segments that require 20,000-100,000 and 5000-20,000 holes in a PCB respectively.
New mobile project secured to fuel bumper growth. Through an existing customer, it has secured a new project for the next three years which involves a leading smartphone player in the US, in its lucrative drilling and manufacturing division. This new model of this US smartphone &ndash targeted to launch in 2H17 &ndash would likely require at least 40,000 holes in a PCB. We think that this would cause its drilling segment revenue to rise by 20-30% pa over the next two to three years, resulting in its NPAT to grow significantly for FY17F and FY18F.
Positives abound. As at FY16, Jadason&rsquo s balance sheet was strong with a net cash position of SGD18m, approximately 40% of its market cap. Management revealed that it is keen to reward shareholders and would likely give dividends this year if it performs well. Due to the low capex requirement, we expect it to continue generating positive cash flow, and potentially distributing an attractive dividend yield of 9.6% for FY17F. In addition, its share buyback mandate was approved at its AGM in Apr 2017.
Initiate coverage with a BUY with DCF-based TP of SGD0.15. Following a visit to its factory in Dongguan and coupled with the positive sector outlook as well as its growth plans, we are confident of the bumper years ahead and expect a FY16-19F NPAT CAGR of 70%. This is also accompanied by an attractive dividend yield of an estimated 9.6% for FY17F. Our DCF-backed TP of SGD0.15 implies a reasonable 12x FY18F P/E, in line with peers.
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Thanks for sharing!
Huataarrhh ( Date: 08-May-2017 10:37) Posted:
RHB initiate today, target price 15c
http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Files/GetFile.aspx?FileVersionID=60074& ieHack=.636298019165818761
We initiate coverage on Jadason with a BUY recommendation and DCF-based TP of SGD0.15 (103% upside). As a PCB drilling and mass lamination service provider, it is a key proxy to the uptrend in the semiconductor space. The company has even expanded its customer base as well as product mix, with growing demand from existing and new customers. Moreover, it has also secured a new major U.S smartphone project via an existing customer in its lucrative drilling and manufacturing division. This would bump its segment revenue by 30% for the new product launch slated for 2H17. Following a turnaround in FY16, we expect it to enjoy bumper profits in FY17F-18F.
Lucrative manufacturing and services margins. Previously, Jadason Enterprises (Jadason) had been required to source the material for its customers and as a result, it suffered forex risk and a change in material costs. It has since revamped its business model and is now solely providing drilling and lamination services for its customers. Gross margins for this segment have since become highly lucrative at > 40%. Its margins have been also improving over the years despite a drop in revenue, which are mainly from material costs.
Change in product mix and automation improve margins. As technology advances, the number of holes required in a printed circuit board (PCB) increases. As it is able to use the same machines to drill more holes with the same precision, the company&rsquo s margins would also increase with more holes in a PCB. Previously, it was doing PCBs with 10,000 holes and below. Currently, it has customers in the mobile and automotive segments that require 20,000-100,000 and 5000-20,000 holes in a PCB respectively.
New mobile project secured to fuel bumper growth. Through an existing customer, it has secured a new project for the next three years which involves a leading smartphone player in the US, in its lucrative drilling and manufacturing division. This new model of this US smartphone &ndash targeted to launch in 2H17 &ndash would likely require at least 40,000 holes in a PCB. We think that this would cause its drilling segment revenue to rise by 20-30% pa over the next two to three years, resulting in its NPAT to grow significantly for FY17F and FY18F.
Positives abound. As at FY16, Jadason&rsquo s balance sheet was strong with a net cash position of SGD18m, approximately 40% of its market cap. Management revealed that it is keen to reward shareholders and would likely give dividends this year if it performs well. Due to the low capex requirement, we expect it to continue generating positive cash flow, and potentially distributing an attractive dividend yield of 9.6% for FY17F. In addition, its share buyback mandate was approved at its AGM in Apr 2017.
Initiate coverage with a BUY with DCF-based TP of SGD0.15. Following a visit to its factory in Dongguan and coupled with the positive sector outlook as well as its growth plans, we are confident of the bumper years ahead and expect a FY16-19F NPAT CAGR of 70%. This is also accompanied by an attractive dividend yield of an estimated 9.6% for FY17F. Our DCF-backed TP of SGD0.15 implies a reasonable 12x FY18F P/E, in line with peers.
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RHB initiate today, target price
15c
http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Files/GetFile.aspx?FileVersionID=60074& ieHack=.636298019165818761
We initiate coverage on Jadason with a BUY recommendation and DCF-based TP of SGD0.15 (103% upside). As a PCB drilling and mass lamination service provider, it is a key proxy to the uptrend in the semiconductor space. The company has even expanded its customer base as well as product mix, with growing demand from existing and new customers. Moreover, it has also secured a new major U.S smartphone project via an existing customer in its lucrative drilling and manufacturing division. This would bump its segment revenue by 30% for the new product launch slated for 2H17. Following a turnaround in FY16, we expect it to enjoy bumper profits in FY17F-18F.
Lucrative manufacturing and services margins. Previously, Jadason Enterprises (Jadason) had been required to source the material for its customers and as a result, it suffered forex risk and a change in material costs. It has since revamped its business model and is now solely providing drilling and lamination services for its customers. Gross margins for this segment have since become highly lucrative at > 40%. Its margins have been also improving over the years despite a drop in revenue, which are mainly from material costs.
Change in product mix and automation improve margins. As technology advances, the number of holes required in a printed circuit board (PCB) increases. As it is able to use the same machines to drill more holes with the same precision, the company&rsquo s margins would also increase with more holes in a PCB. Previously, it was doing PCBs with 10,000 holes and below. Currently, it has customers in the mobile and automotive segments that require 20,000-100,000 and 5000-20,000 holes in a PCB respectively.
New mobile project secured to fuel bumper growth. Through an existing customer, it has secured a new project for the next three years which involves a leading smartphone player in the US, in its lucrative drilling and manufacturing division. This new model of this US smartphone &ndash targeted to launch in 2H17 &ndash would likely require at least 40,000 holes in a PCB. We think that this would cause its drilling segment revenue to rise by 20-30% pa over the next two to three years, resulting in its NPAT to grow significantly for FY17F and FY18F.
Positives abound. As at FY16, Jadason&rsquo s balance sheet was strong with a net cash position of SGD18m, approximately 40% of its market cap. Management revealed that it is keen to reward shareholders and would likely give dividends this year if it performs well. Due to the low capex requirement, we expect it to continue generating positive cash flow, and potentially distributing an attractive dividend yield of 9.6% for FY17F. In addition, its share buyback mandate was approved at its AGM in Apr 2017.
Initiate coverage with a BUY with DCF-based TP of SGD0.15. Following a visit to its factory in Dongguan and coupled with the positive sector outlook as well as its growth plans, we are confident of the bumper years ahead and expect a FY16-19F NPAT CAGR of 70%. This is also accompanied by an attractive dividend yield of an estimated 9.6% for FY17F. Our DCF-backed TP of SGD0.15 implies a reasonable 12x FY18F P/E, in line with peers.
Unsuccessful.. shortist too strong.. but at least it hold yesterday price which is good for a friday
johnng ( Date: 05-May-2017 13:53) Posted:
ALOT SHORTISITS TODAY...LATER AFTERNOON WILL BURNT THEM...
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ALOT SHORTISITS TODAY...LATER AFTERNOON WILL BURNT THEM...
Looking good..
Jad 1Q17 result will be released in the next few days (1Q16 was released on 3 May 2016).
This is the moment of truth ... If Jad fy17 earning momentum is inline with its 2H16 rate, at 20PE, it will worth between 0.136~0.165. Even at a low 10PE, it will still worth between 0.068~0.0824. Profitable Electronic stocks are typically trading with PE in the teens or low 20s.
Like AEM, Jad will fly if it can keep its positive earning momentum, even with zero revenue growth.
Patiently waiting.
TP 68 DYODD
63 road block has been broken
Creeping up slowly...
It is a wonderful
user experence on mobile.
Jadason up 10% in the last 15min.
