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potiential stock to watch ?
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dlimck
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20-Aug-2007 13:16
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Anyone know what happens to this counter? Any updates to share? |
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synnexo
Veteran |
14-Aug-2007 16:56
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Hi 787180, Can share what kinda MOU sign? |
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787180
Master |
14-Aug-2007 15:28
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quote="lolipop"]sadly, i agree that their result not fantastic.... :( but this is a favourite stock among retailers... hoping it to move up to 20+ to cut loss... vested... :cry: :cry: :cry:[/quote].Why cut loss...MOU signed in HK already just waiting to announce...overall mkt drop ..cant blame Achieva..consider gd ..in may 21 2007 Achieva was only 9.5cts..can hold around 16 to 18cts during recent market correction is great..just be patient will go beyond 20cts :P |
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elfinchilde
Elite |
08-Aug-2007 17:29
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yup, and may i give credit where it is due: shplayer was the one who highlighted this counter to me, actually, on FA basis (since i look first by techs). the techs lked interesting then, which was why i entered. impt to stress here that we made our buy decisions independently tho, and are not advocating anyone else to just jump in ah... stock does look supported at the 16.5c level tho. a break below that is 15c next. with today's action, sellers are taking themselves off the queue. but pls do be careful in this period. there are 2000 lots waiting to dispose. will have resistance at 19 and 19.5c. 1st chance of recovery is post 20c. you'll likely see sellers disappear then as ppl hope for more. |
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shplayer
Elite |
08-Aug-2007 12:00
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Chipchip Yes, vested. |
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chipchip66
Master |
08-Aug-2007 09:33
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Hi shplayer, great to have u on this topic. Are u vested as well? |
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shplayer
Elite |
08-Aug-2007 09:09
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Allow me to add my 2 cts worth on Achieva's H1 07 results. Despite a 5% reduction in Turnover, they were able to post a 65% increase in profit. This is attributed to its better gross margin of 7.8% compared to 6.6% a year ago. This means that the company is moving in the right direction of shifting its focus on better margins business. Also, note its provision for bad debt and stock obsolence was $1.933 mil from $497K a year ago. This implies that the management is taking advantage of its good performance to do some house keeping now and do not have to carry so much of the burden in H2 07. Trade receivables 70.91 mil compared to 76.05 mil a year ago. Trade payables 59.25mil compared to 76.05mil. Inventory was lower by 1.45 mil. This shows that management of its cashflow and operations is improving. The only downside I can see the lower turnover. If it can increase its turnover and maintains its control on margins, costs and cashflow, the impact on its future bottomline will be very significant.......this seems to be another ECS in the making.....refer to their financials from 2004. |
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787180
Master |
07-Aug-2007 23:39
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Here is the results for half year 2007 Main board-listed Achieva Limited ("Achieva"), one of Asia Pacific?s knowledge-based, value-added distributors and solutions providers focusing on electronic components, IT and peripherals products, today reported a 65% increase in net profit after tax of S$2.66 million on a group turnover of S$273 million for the first half of FY 2007. The Group?s earnings per share (EPS) increased by 49% to 0.49 cents compared with 0.33 cents in 1HFY2006. Both the Group?s core business divisions were profitable during the first half of the year. Sales from the Group?s Electronic Components Division contributed about 50% or S$135 million to Group turnover, up from 47% in the first half of FY2006 whilst the Peripherals Division contributed about 50% or S$138 million compared to 53% in the first half of FY2006. The balanced business mix reflects the Group?s strategy. Margins improvements demonstrated our efforts in "design-in" and value added services materialising. Commenting on the Group?s first half year results, Chairman, Mr Henry Lim said: "The Group?s first half results demonstrated that our strategy of focusing on higher value added products and profitability has delivered positive results. Market conditions remain very competitive, but we have managed to remain profitable for all our business divisions. We will continue to drive growth in both our core businesses by adding new higher value-added products with better margins in all our markets across Asia Pacific". Going forward, the Group will continue to pursue the expansion of its Electronic Components division in both North and South Asia. We will continue to strengthen our presence to capitalize on the continued global shift of manufacturing activities to Asia. The Group will also grow its Peripherals Division by focusing on emerging markets in the region. At the same time, the Group will continue to improve its efficiency through operation excellence, internal restructuring and concentrating on the quality of businesses. About Achieva: Listed on the Mainboard of the Singapore Exchange since June 2000, Achieva is one of Asia-Pacific's top value-added distributors and solutions providers focusing on electronic components, peripherals and IT-related lifestyle products. With corporate headquarter in Singapore and its operations spanning throughout the Asia-Pacific region, the Achieva Group represents in excess of 30 product brands. Currently, the Group has staff strength of about 500 - serving a growing long term customer base of more than 7,000 in the Asia-Pacific region. The Group's business operations are grouped principally under two product sectors - Peripherals and Electronic Components. ..Chipchip and elfinchilde are U all heavily vested at high prices in Achieva? waht is the price like and the qty bought,I personally bought at 20cts for 50lots The Group intends to continue pursuing expansion plans in Asia and to strengthen its presence to capitalize on the continued global shift of manufacturing activities to Asia. The Group intends to explore any new investment or divestment opportunities that may arise from time to time.
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chipchip66
Master |
07-Aug-2007 23:38
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no worries elfy, it will rebound! |
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elfinchilde
Elite |
07-Aug-2007 23:34
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*&@^&*! company didn't declare dividends! :((( anyhow, figures for achieva, as per their half year report (get full report off SGX website): all figures with '000 behind. as chipchip said, profit up 65% from 1610 to 2659. note improvement in cashflow: 34,000 from 30,000 previously. loans have decreased. co has managed to pay off all convertible bonds on 30/3/07. co is expanding in asia (manufacturing plants, good), esp china. float of stock: 502mil. EPS 0.49 cf 0.33 previously (an increase of 48%). NAV close to what i said earlier: 13.39 cf to 12.79. =>so a fair value at 2x book to price is abt 26.8c (ie, 26.5 to 27c). fairly good results. notwithstanding this tho, the tech trend is downward. kbkbkbkbkbkbkbkkbkbkbkbkbkkbkbkbkbk!!! |
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elfinchilde
Elite |
07-Aug-2007 23:13
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sigh well chipchip, pointless being right if the damn thing doesn't go up. :( actually, i wish whoever it was hadn't posted on achieva, the way they did on jade, banjoo, rowlsey etc. cos that was pure speculation, not FA, or techs. it kills a lot of ppl. not to mention the stock itself. FA-wise, this stock was actually beneath market radar. if ppl hadn't caught onto it, it wouldn't have cheonged up, and consequently, will not have stale bulls all the way to clear out now. ie, it'd have just stayed at abt 18c, and now wld be a genuine, slow, steady up. but sigh. ah well. fyi, the stale bulls need to be taken out all the way to 23c. then again at 25, 26c. ie, ping pong pattern. if it can clear 25, you have a steady up all the way. from market depth: support at 17c broken. next support is ~15c. from MACD: 60 day support is 16.5, 90d support is ~13.5c. so both techs dovetail. which really, if you lk at its earnings and all (and not in any way related to US subprime! howl), the current px is unjustified. :( if lkg to enter, suggest wait and see. might just skip the 17 and put my next strike at 13.5c-15c. erkkkkk. |
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chipchip66
Master |
07-Aug-2007 19:17
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Elfy, u are spot on again. Achieva posted 65% increae in net profit of $2,660,000 on turnover of 273m. EPS improved 49% to 0.49c. Looks good, pretty good. Which is better? Elfy or Achie?
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cleverZul
Member |
07-Aug-2007 17:18
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I am watching this stock as well for its next support level - could be 15cents. Then perhaps I'll buy. Regards. Not vested. |
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elfinchilde
Elite |
07-Aug-2007 14:04
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going by its last FYE report, today (or thereabouts) shd be when they post their results. supposed to be the best since IPO. previous year NAV was 12.5. expecting this yr to be abt 13c at least. so even without takeover, a fair value at 2x book to price ratio gives 26c. not fully vested yet tho; general market is weak, and after that sharp run up and sell off, there'll be lots of stale bulls to clear out along the way. so no hurry to vest. from market depth, there's relatively strong support at 17c. If break below that, 15c is the next support. for those interested, look to vest in small batches each time, so as to hedge against external falls due to general pessimism in entire market. |
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787180
Master |
07-Aug-2007 10:59
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Achieva was 9.5cts on 21 May 2007 and at 18cts the it is still up > 85%.Achieva tested high of 29cts on 17Jul a breakout in chart but the sharp sell down on jul 18 and recently had brought its price to 17-18cts,limited downside from here and co has been profitable since its listing in 2003.After consolidating at this level.Achieva is poised to hit >30cts as Achieva is probably the lowest absolute price for electronics counter.Safe to buy as it has limited share scripts of 502mil and is a target for takeover. First half results expected probably by this week |
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elfinchilde
Elite |
01-Aug-2007 18:02
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and hm. pls note tho, follow macrotrend. if everything drops, no matter how fundamentally sound a counter is, it will follow and drop. so pls decide your risk/reward ratio accordingly. as sporeguy pointed out in anr thread tho: if you want to sell, you shd sell beginning of a drop. now somewhere within it, mgiht be a bit ptless to sell. so just hold. (on assumption you're holding onto a stock with some fundamentals) oops, gotta go. bye! |
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elfinchilde
Elite |
01-Aug-2007 17:58
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hey novice and simonking, no prob sharing. i had actually bought achieva earlier at 18c a couple of weeks back, but then it got caught up in a speculative rush, so i sold it as it was running too far ahead of value (the time it chionged up to 28-29c). but fundamentally, the story is the same. NAV 12.5c, yoy profit increase is 30%. Can't recall the EPS offhand, but yep. If you look at busd data and market depth, the support for this counter is at 17c. from two weeks ago, the buy up was very strong: can't just be small timers, because the lots bought were in the 1000s. Just that now, the picture is skewed because of general bad sentiment, plus it got caught up in a speculative rush. so wait for the rush tide to clear, this counter will likely go up. (will have a lot of resistance along the way tho, as scared players get out--pls have no illusions of a straight cheong up). but either way, if you're not on contra/forced margin, can just hold. i'm still lkg to enter more. but will take it slow. this period is really too volatile. note: not an inducement to trade. pls do make own decisions. good luck to all of us tho! :) |
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henrytan
Member |
01-Aug-2007 17:54
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I sold all my holding at 0.26. |
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novicetrader
Senior |
01-Aug-2007 17:52
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Simonking, you are not the only one, same boat here. Elfinchide, thanks for sharing, that's the brotherhood that I like. We are all in this together to make money. Tonight another DJI and Nasdeq cascade, tomorrow will be very "xiong". My half year earnings kena tsunami. On the other hand, only paper loss. Important thing is that this is not a speculative stock. So hang on in there, It will come back to the buy price and beyond. Depends on holding power. Speculative, then "chiak lat". |
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simonking
Member |
01-Aug-2007 11:54
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elfinchilde, to bad going in near peak at 25.5.. no more bullet to in, its undervalue.. |
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