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haha wait until everything are in place...now the price keep on dropping...can pick up some when it drop under 8c below...
Snipermode ( Date: 11-Nov-2017 10:39) Posted:
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Major shareholder continue to accumulate on 10 Nov 17.
CEO mentioned that they can automate tools for higher throughput ie higher productivity with less manpower.
Parts had arrived for upgrading of tools.
CEO mentioned that they can automate tools for higher throughput ie higher productivity with less manpower.
Parts had arrived for upgrading of tools.
andysim83 ( Date: 10-Nov-2017 10:56) Posted:
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CIMB Nov 10, 2017
Jadason Enterprises Limited
ADD (no change)
Workers still needed
■ We deem 3Q17/9M17 net profit below, at 26%/51% of our FY17F estimate. We were expecting greater 3Q17 profit from higher-margin manufacturing activities.
■ Balance sheet remains net cash and bank borrowings were further reduced to S$2.5m at end-Sep 17 from S$6.1m at end-Jun 17.
■ Demand and forecast from its major customer remained strong in 3Q17 but Jadason continues to experience difficulty in hiring production workers.
■ We cut net profit for FY17-19F by 13-17% as we reduce gross margin assumptions for a higher wage bill due to overtime costs until labour woes are resolved.
■ Rolling over valuation basis to FY19F, our TP dips to S$0.11, still based on 12.34x P/E (2 s.d. above average forward P/E during the FY04-07 earnings recovery cycle).
Jadason Enterprises Limited
ADD (no change)
Workers still needed
■ We deem 3Q17/9M17 net profit below, at 26%/51% of our FY17F estimate. We were expecting greater 3Q17 profit from higher-margin manufacturing activities.
■ Balance sheet remains net cash and bank borrowings were further reduced to S$2.5m at end-Sep 17 from S$6.1m at end-Jun 17.
■ Demand and forecast from its major customer remained strong in 3Q17 but Jadason continues to experience difficulty in hiring production workers.
■ We cut net profit for FY17-19F by 13-17% as we reduce gross margin assumptions for a higher wage bill due to overtime costs until labour woes are resolved.
■ Rolling over valuation basis to FY19F, our TP dips to S$0.11, still based on 12.34x P/E (2 s.d. above average forward P/E during the FY04-07 earnings recovery cycle).
Morello ( Date: 10-Nov-2017 12:34) Posted:
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haha that time also say maintain buy target 12c..end up stuck around 8c plus...now revise to 10c...haha 10% discount of 8c...will wait for lower price
Morello ( Date: 10-Nov-2017 12:34) Posted:
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RHB results review of Jadason dd 09 Nov 2017
Recovery and growth story still intact. Maintain BUY. We lower our FY17F-18F NPAT by 10% and 12% respectively, which results in a lower DCF-derived TP of SGD0.10 (from SGD0.12). However, with one of their new customers&rsquo product, which was recently launched and enjoys a strong demand, we understand that overall orders are growing. We anticipate a better 4Q17 ahead due to the expected upcoming delivery of the machine parts. We also expect the company to solve the workforce issue by 1Q18F, which would provide the possibility of ramping up to full utilisation and enjoy another year of growth.
Key risks. Continuous shortage of workers.
Recovery and growth story still intact. Maintain BUY. We lower our FY17F-18F NPAT by 10% and 12% respectively, which results in a lower DCF-derived TP of SGD0.10 (from SGD0.12). However, with one of their new customers&rsquo product, which was recently launched and enjoys a strong demand, we understand that overall orders are growing. We anticipate a better 4Q17 ahead due to the expected upcoming delivery of the machine parts. We also expect the company to solve the workforce issue by 1Q18F, which would provide the possibility of ramping up to full utilisation and enjoy another year of growth.
Key risks. Continuous shortage of workers.
can put in fridge liao lol...wont go back 10c so soon unless their last quarter result is impressive
Snipermode ( Date: 10-Nov-2017 09:52) Posted:
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CEO and major shareholder has been buying back shares. Going forward, 3 years contracts from Apple will drive both top and bottom line . Exponential growth expected in FY18. Patience is key
Yup you are right Alvin . We should compare Q vs Q . Lower profit posted.
Alvin2042 ( Date: 08-Nov-2017 19:32) Posted:
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Positives:
1. Factory activity to remain high (tempered by shortage of workers)
2. SSH has been buying in the open market
3. CEO mentioned now not the best time to take steps wrt to meeting MTP, perhaps hinting of better times ahead.
1. Factory activity to remain high (tempered by shortage of workers)
2. SSH has been buying in the open market
3. CEO mentioned now not the best time to take steps wrt to meeting MTP, perhaps hinting of better times ahead.
Morello ( Date: 08-Nov-2017 20:44) Posted:
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Still a growth story. Q3 top line increased by 18%.There was a write-back for allowance of equipment obsolescence of 0.4million which was included in cost of sales for 3Q. Also there were forex losses. Hence lower net profit. Somewhat below my expectations.
Alvin2042 ( Date: 08-Nov-2017 19:32) Posted:
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Haha this manipulation of numbers. U compare 9m period. If quarter v quarter. It report lower profit.
theHighTrader ( Date: 08-Nov-2017 19:10) Posted:
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WOHOOO FINANCIAL STATEMENT(UNAUDITED) JUST OUT> > AMAZING INCREASE IN PROFIT. MORE THAN 5 times of 2016 profits. SHIOK! HUAT ARHH
9.2 cents....1st target achieved
looks like bottoming out but vol a little low. 9 is a congestion area.
Msport ( Date: 31-Oct-2017 10:44) Posted:
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look like gonna break 0.090 soon... target 0.10
1 step forward inthe morning 2 step behind...lol
this 1 put in freezer liao..up 1 pip den move down again....sg pennies slping 1...endless of sell queue
Judging from the movement u might be right
Ya I adding some
:)
:)
BEST PICK! BULL WAVE COMING ALONG!!!
Semi conductor business booming worldwide and govt supporting all these manufacturing industries.
RSI is very low at 43
Just crossed the golden cross
Narrow and widening bollinger bands
4 consecutive shooting stars
Full/slow/fast stochastic oscillator all just exiting the oversold region
Williams percentage range also exited the oversold range 2 days back. (Williams perecentage rate is known for its uncanny ability to anticipate a price reversal beforehand.)
Recovering from negative to positive TRIX
Semi conductor business booming worldwide and govt supporting all these manufacturing industries.
RSI is very low at 43
Just crossed the golden cross
Narrow and widening bollinger bands
4 consecutive shooting stars
Full/slow/fast stochastic oscillator all just exiting the oversold region
Williams percentage range also exited the oversold range 2 days back. (Williams perecentage rate is known for its uncanny ability to anticipate a price reversal beforehand.)
Recovering from negative to positive TRIX