Refresh: 1.) Swissco - Proposed acquistion by C20 @ $0.89 per share. this one always make announcement on the eve. look at past few festival..... 2.) Roxy-Pac - undervalued among its peers. strong p&l for last quarter due to land sales. FY09 result should be out around 18 Feb. load this to prepare for the good dividend TP 0.52 3.) Golden-Agri - result out on 25/02/2010 luch time. prepare for a good surprise. load at low price. TP 0.62
Congrats to those who have gotten my hint. Should have earn a little ang bao for yourself. Continue to accumulate as these 3 counters are expected to continue to perform in the next few session. Swissco - before posting 0.78 today high 0.8 TP = Possible Acquisition price = 0.89 * announced dividend of 1 cent for last FY Roxy-Pac - before posting 0.29 today high 0.305 TP = 0.52 *the yr before result on 18 feb 2009 Golden-Agri - before posting 0.52 today high 0.54 TP = 0.62 *result out on 25 feb 2010 lunch time
Punter Lim, what is your take on Roxy-Pacific? Just announced record profit of S$28 million, & giving dividend of 1 c = 3.33% yield. Not too bad, I think they are trying to improve their attractiveness while reserving $ for land acquisition. I assume they dont have to borrow much for project development - just collect $ from buyers at launches, then use their money to fund the construction.
Koh Wee Meng, the big boss of Fragrance Group, had sold down almost all his Roxy shares.
It's a married deal, so what led him to sell was different from what led other(s) to buy from him.
It's a married deal, so I guess he wasn't flying off because there is shit.
For its 1QFY14 (ending Sep-13), Oxley Holdings announced a net income of S$250.8m, up a whopping 37 times YoY. This comprised mainly cash earnings, not valuation gains, and was boosted by Oxley BixHub attaining TOP, which had its profits booked wholly under the completion of contract (COC) method. We note that the full visibility of COC profits can be price catalysts for mid-small cap companies, particularly if they are not well-covered; Oxley’s share price subsequently appreciated as much as 40% after its results.
In our piece, we highlight two companies likely to see COC earnings boosts ahead. First, Roxy-Pacific is likely to see an earnings boost ahead from Wiz@Changi attaining TOP in its upcoming 4Q13 earnings. Similarly, we expect Lian Beng’s upcoming 3QFY14 earnings to be boosted by the TOP of M-Space, in which it has a 55% stake. Both Roxy and Lian Beng are rated BUY with fair value estimates of S$0.65 and S$0.58, respectively.(Eli Lee)
For more information on the above, visit
www.ocbcresearch.com
for the detailed report.
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