The ang mo fund, Pemberton, must have smelt the good news a long time ago and that is why it has been buying shares of Juken. Kevin Scully himself was bullish .......
Tomorrow shares sure won't be 17.5 cents anymore. More like 20 cents? [url=http://www.nextinsight.net
/story-archive-mainmenu-60/903-2010-/3003-kevin-says-adding-juken-dropping-hisaka]KEVIN SAYS: 'Am adding Juken, dropping Hisaka....'[/url]
I dont understand what its business is really about but it seems to be riding on the growth of the automobile industry in China.
Making stepper motors that are used in all cars ......doesnt sound too sexy but this stock has the faith of a boutique fund manager, Pemberton.
Sharing this link on SGX which has a report from The Edge not too long ago. Anyone can comment on Juken? Results coming out soon and stock is doing 18 cents currently.
Juken Technology called for a Trading Halt yesterday and
announced that it has signed a non binding indicative term sheet
with the Frencken Group. In the announcement, Frencken proposes to acquire all the shares of Juken in a Scheme of Arrangement. Investors should note that no definitive agrement or terms have been reached and the proposed acquisition may not even take place. However, if the deal does go through, this will be the third company in my Stock Picks being privatised - starting with Sinomem, then Allgreen and now potentially Juken. I guess this is a problem that may occur when you recommend stocks which are on low valuatons as the owners or potential investors find it more attractive to delist them.
There is no information available yet but investors can look at Frencken's acquisition of ETLA, also a scheme, to see how this exercise may pan out if the proposed acquisition materialises.
