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I definitely won' t be selling anytime soon. There is so much to look for going forward as you guys have mentioned, like privatization, better results, higher div, acquisition, etc. It' s a waste to sell so soon. This is just the appetizer. I' m waiting for the main course.
1. Privatization Target.
2. M & A Target
3. Strategic Partnership Target
3. E.g. Sabic taking a strategic stake will propel this to 50 cents at least. Now, the Ball is on your side , Mr Management : )
If you are foreign giant but wants to penetrate China markets , what do you do ?
: )
2. M & A Target
3. Strategic Partnership Target
3. E.g. Sabic taking a strategic stake will propel this to 50 cents at least. Now, the Ball is on your side , Mr Management : )
If you are foreign giant but wants to penetrate China markets , what do you do ?
: )
EQ1901 ( Date: 02-Mar-2017 10:10) Posted:
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The funding cost in China is very expensive, not like the US or Europe. So keeping more cash in hand is useful.
What I like is the consistency of paying a dividend. It is not too shabby at all for a Chinese firm. I expect higher dividend going forward. So I am hanging on to my lots here as my dividend yield is likely to go higher based on my purchase cost.
Some profit taking and short term punters who bought up in anticipation of strong results letting go today. Wait for the weak hands to flush out first.
I will keep all of my holdings, collect my dividend and wait for next quarter' s result.
I still think this is a potential privatization candidate and suspect that the dividend rate is not high due to either one of these reasons:
(1) Potential acquisition in the pipeline or (2) Keeping more cash with the company so that it is more attractive to potential buyer
Balance Sheet Solid .
SABIC is looking to expand into China markets. Good to tap on SinoStar network, especially good to start with Shandong.
Anyway, Saudi Entourage visiting China soon.
SABIC is looking to expand into China markets. Good to tap on SinoStar network, especially good to start with Shandong.
Anyway, Saudi Entourage visiting China soon.
Bro, great job! How far do you think this one can go?. I wonder why they are so stingy on the dividend.
josephyeo ( Date: 02-Mar-2017 01:48) Posted:
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Sinostar Pec has just released an excellent set of results. Share w you some figures below -
1. Revenue (RMB x1000)
year' 16 - 1,559,881
year' 15 - 1,446,110
up - 113,771 // 7.9%
2. Net profit (RMB x1000)
year' 16 - 89,803
year' 15 - 40,735
up - 49,068 // 120%
3. Debt - zero
4. Cash - 494,570 (RMB x1000)
5. Nta - 0.96 (RMB x1000)
6. Dividend - 0.5 (Singapore cents)
Comments -
a) cash is 71.8% of its capitalization.
company has a cash horde of around S$98.9 mil and no debt. This is equal to
71.8% of its capitalization (S$137.6mil based on closing price of 12.5cts).
b) likely higher revenue for current year - 2017
revenue for year 2016 is inclusive of 5 months of new business from the logistics
and transportation business. Year 2017 or current will see a full contribution from
this sector. This means that revenue for current year will be much higher.
Just sharing ..
josephyeo ( Date: 10-Oct-2016 00:47) Posted:
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Agreed. Seems like it has 360m RMB in fixed deposits placed in financial institutions as compared to 260m RMB in 2015. What' s the interest rate in FD offered in China? Was expecting a higher dividend,
EQ1901 ( Date: 01-Mar-2017 22:29) Posted:
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Excellent results as expected with FY YoY growth of 152% and QoQ growth of 449%. All business areas showed growth and at last traded price of $0.215 and FY EPS of RMB0.14, the PE Ratio is a very undemanding 7.5x. If the growth momentum can be maintained, exceeding $0.25 should not be a problem at all.
I will also be looking out to see whether Chairman Li will maintain his buying momentum after the blackout period which should be a huge positive if he does.
One minus point - Dividend payout of 0.5c is stingy and Management needs to be questioned why they are hoarding cash and whether they have any acquistion or capex plans in the near term. If not, they should just return more cash to shareholders since they can easily sustain a higher payout.
The only s chip that gives consistent and very respectable dividends after restructuring 2 years ago.
Add before it run up again if you feel comfortable with the price.
I buy when I saw the god posting on this co FA.
Average up is a good one I will add more along the way if trend remain intact
I buy when I saw the god posting on this co FA.
Average up is a good one I will add more along the way if trend remain intact
hardwired ( Date: 01-Mar-2017 20:06) Posted:
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Let' s hope the price will come down sometime in the year as I would like to buy more. This stock has great potential.
Understatement. Unbelievable results.
Wished I had bought it earlier.
hardwired ( Date: 01-Mar-2017 17:19) Posted:
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Impressive stock
Excellent results
This is an incredible stock. The buying was consistently strong. I used to own CAO for a long time and made a bundle, but has since sold out. Hope this one can repeat CAO performance. Vested, and looking to add more on weakness.
amandayoung ( Date: 27-Feb-2017 14:32) Posted:
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Yup. This is a stable company. With good Shandong distribution network.
Shandong is Hot province now.
If a big foreign branded oil & chemicals company become Strategic partner, Sinostar will fly. TP : 60 cents
Shandong is Hot province now.
If a big foreign branded oil & chemicals company become Strategic partner, Sinostar will fly. TP : 60 cents
johnng ( Date: 27-Feb-2017 14:17) Posted:
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Look like next CHINA AVIATION OIL
Taking off solidly
Thanks. Sinostar Pec is looking better each day. Bought some at 0.16 thanks to your recommendation. Looks like the recent upsurge is only the appetizer.