Although I lost a few Hundred Thousands Dollars in China Companies list here in Singapore, I believe Eratat Lifestyle is quite different from the rest, if I don't read wrongly, this company has great potential, especially at current price of S$0.08 per share. ~ Vested.
Any idea why they haven't updated shareholders on their order book for 2h 2012? Last year their announced 2h 2011 order book in June. Was there even a trade fair this year?
Recovery in order book figures would go a long way towards showing 2012 h1's drop in y-o-y revenue (order book) was just a transitory period, along with the renovation subsidies. Makes one fear that their order book has not been good - if there is good news they would surely publicize it.
There has not been an orderbook announcement so far for the 2H -- strange indeed --- but I dont know why. Couldn't find announcement on SGX website. Anyone knows the people at ERATAT ?
This company's Investor Relations policy has definitely changed.
Firstly they no longer announce their half yearly order book.
Secondly they no longer organize conferences with shareholders after quarterly results.
Why has this policy changed? Anybody's guess why. Revenue visibility and transparency has definitely gone down.
Where did you get your info from? I spoke with my friend -- his broker didnt go but he knows someone who did go.
There was the usual briefing at Eratat's fave hotel, M Hotel in Anson Rd. The analysts and fund managers were there. They asked about the order book, and Ken the CFO did say it's the same, no change from the trade fair in 1H11. Yah a bit strange, the orderbook was mentioned in the 2Q results announcement. Who knows Ken 's email add?