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Fish & Cheap???
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musicwhiz5
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21-Mar-2007 23:43
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No news so far, but it should not be any more VOA or acquisition of vessels as that is usually the domain of CFG. This is probably relating specifically to PAH and PAIH (which was also halted in Hong Kong today). What I suspect is that it involves some form of equity financing (possibility 1), M&A deal (possibility 2) or issue of convertible debt (possibility 3). Of the 3, I think M&A is the most likely because the announcement for the halt was due to a "major transaction". On the other hand, it could be something totally unexpected. Whatever the case, the fact that it has been halted for 2 trading days (and in 2 countries) means it is BIG news. Stay tuned. Vested. |
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tthsteve
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21-Mar-2007 10:01
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trading suspended this morning pending announcement on a MAJOR TRANSACTION. Any idea if it's good news. |
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eventine70
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24-Feb-2007 23:59
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Correction - FENGSHUI Master said.. GET OUT of PROPERTY by WINTER.... NOT FISH... My apologies. |
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eventine70
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24-Feb-2007 23:57
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This stock will do well..... 1. FISHERY business. If you came from humble beginnings like myself, you will remember not having the chance of eating fish often, unless it was a really special occasion. Now, FISH is served everywhere because of the rising affluence of Singaporeans. Chinese in China are going to spend more money on 'eating well'. And certainly, having FISH at celebratory dinners is 'face saving'. 2. FISH is like a 'luxury product', except that it is edible. Like the Prada and LVs, it represents the attainment of a higher 'class' status. (Though I do not support buying branded items, I support eating fish). And a lot more people can afford it. Note - SG has a unit trust for Luxury items! Slated to do well! And the Chinese have a part in it! 3. The remarkable business managed to increase revenue and INCREASE PROFIT MARGIN concurrently. Most companies end up losing profit margin and increasing revenue to maintain profit, but not this company. This means DEMAND >> SUPPLY. 4. The very SOFT reason is that the Fengshui Master interviewed by Straits Times at the beginning of the year said - BUY FISH this year. Last year, he said PROPERTY. And see how it FLEW in 2006. He did mention to get out of FISH by winter, which would mean Sep - Oct 2007. Let's see if he is right again. I don't like this company because it is highly leveraged (debt for the fishing trawlers), and I am concerned with overfishing (just being environmentally conscious). The counter argument is that it makes financial sense to leverage and expand a profitable and growing business. Just my 2 cents. Vested. |
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lucky168
Veteran |
24-Feb-2007 23:40
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not too sure about this. unable to break 98c far |
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lpkoh5
Senior |
24-Feb-2007 20:44
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This is another solid performer...will do well in near future : ) |
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ZhouYu
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15-Feb-2007 23:58
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Tot I saw a saucer with handle liao :) Anyone ???? |
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lucky168
Veteran |
15-Feb-2007 23:50
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reversal with high volume! I think singaporegal loves this kind of chart... me too! |
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eventine70
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15-Feb-2007 11:28
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From DBS Vickers TP - 1.20 We expect a strong quarter in 4Q as it is the peak fishing season; and, with CFG's two additional VOAs. We also note that with the recent surge in CFG's share price, PAH's stake in CFG alone would be worth about S$569m, when marked to current market price. Essentially, this means that the Group's value is waiting to be unlocked. With the aggressive initiatives undertaken by CFG, we have revised our net profit upwards by 11% and 8% in 07F and 08F. Consequently, our target price is raised to S$1.20, based on 10x 08F PE. Maintain BUY. |
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eventine70
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15-Feb-2007 08:57
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Pacific Andes Holdings: Good set of 9-mth results RE-RATING by OCBC - TP - $1.41 Summary: Despite the traditionally low season, Pacific Andes Holdings (PAH) saw a 20% YoY rise in 3Q net earnings to HK$31.1m. For the 9-month period, revenue rose 42.8% to HK$2984.2m, while net earnings jumped by a similar percentage to HK$161.6m. The strong results were due to stronger demand for fish in China and more importantly, from the higher contribution from its Fishing unit under listed China Fishery Group (CFG). In Jan this year, CFG signed its third and fourth Vehicle Operating Agreements (VOAs) and increased its supertrawlers fleet to 23 and harvest volume to about 270,000 tonnes in 2007, an almost doubling from 2006. As PAH's 9-mth results were in line with our expectation, we are retaining our FY07 earnings estimate of HK$350.3m. However, this close to the year-end and with the higher number of supertrawlers, we are rolling into FY08 estimates. Using the same valuation parameter of 8x and FY08 earnings, we are raising our fair value from S$1.08 to S$1.41. PAH stays as a BUY. (Carmen Lee). Summary: Despite the traditionally low season, Pacific Andes Holdings (PAH) saw a 20% YoY rise in 3Q net earnings to HK$31.1m. For the 9-month period, revenue rose 42.8% to HK$2984.2m, while net earnings jumped by a similar percentage to HK$161.6m. The strong results were due to stronger demand for fish in China and more importantly, from the higher contribution from its Fishing unit under listed China Fishery Group (CFG). In Jan this year, CFG signed its third and fourth Vehicle Operating Agreements (VOAs) and increased its supertrawlers fleet to 23 and harvest volume to about 270,000 tonnes in 2007, an almost doubling from 2006. As PAH's 9-mth results were in line with our expectation, we are retaining our FY07 earnings estimate of HK$350.3m. However, this close to the year-end and with the higher number of supertrawlers, we are rolling into FY08 estimates. Using the same valuation parameter of 8x and FY08 earnings, we are raising our fair value from S$1.08 to S$1.41. PAH stays as a BUY. (Carmen Lee). Source - www.Qian2yu.com |
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eventine70
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14-Feb-2007 21:44
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Pacific Andes' 9MFY2007 Profit For Period Surges 92.4% To HK$314.1 Million On Strong Revenue Growth Results available at http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_12F27F57331CEA8948257282003E12FE/$file/Press_Release.pdf?openelement CHINA FISHERY POSTS 86.2% JUMP IN FY2006 EBITDA ON INCREASED HARVESTS Results available at http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_06708BEE4EBC94DC48257282003DDC11/$file/CFGLFY06FullYearFinStatement.pdf?openelement Press release at http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A42E5FA389D180DC48257282003E4107/$file/CFGLF06ResultsPressRelease.pdf?openelement |
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lucky168
Veteran |
06-Feb-2007 23:26
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will be testing previous high of 98c ... hehehe... |
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lucky168
Veteran |
31-Jan-2007 19:03
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come back to below 92 please.... so that I can redeem my mistake of selling.... |
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singaporegal
Supreme |
30-Jan-2007 21:44
Yells: "Female TA nut" |
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On strong TA uptrend! |
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lucky168
Veteran |
30-Jan-2007 17:31
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arg..... such an untimely sell :( sold off @0.92 in the afternoon & suddenly it took off from the seaport around 4pm... but well, at least make some kopi $$$ have to monitor this again for the next few days. |
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lucky168
Veteran |
30-Jan-2007 01:41
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if pac ever hit 92c, should cash out & switch to other counters. |
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lucky168
Veteran |
25-Jan-2007 22:18
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today it closed higher amid higher volume... quite a strange charting now... don't know how to interpret. singaporegal, can you look at the charting? |
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lucky168
Veteran |
24-Jan-2007 23:53
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just a bedtime thought....... will pac andes ever distribute chinafish to its shareholders in the spirit of "unlocking" value? the major shareholder also benefit in a way that pac andes will surely increase significant.... have any companies done so b4? I only remember UOB-UOL... |
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johnsmith
Member |
24-Jan-2007 15:33
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There is a good valuation done by 'qiaofeng' at the CNA forum....:p, seems reasonable argument....TP $1.48! go see his analysis and decide.... |
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lucky168
Veteran |
22-Jan-2007 22:52
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should be anytime soon... maybe together when it decalred its 3Q results... hopefully this will be the catalyst to set it free! |
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