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Why I like Excelpoint
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josephyeo
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05-Apr-2013 09:19
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yes | ||
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kelvinLim123
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05-Apr-2013 04:46
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are you the same guy who post on foreland in the nextinsight? |
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josephyeo
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05-Apr-2013 03:08
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Extracted from Annual Report 2012
Dear Shareholders,With the completion of another good year, it is my pleasure to inform you that the Board has proposed an ordinary dividend of 0.5 Singapore cent per share plus a special dividend of 0.3 Singapore cent per share, subject to your approval at the forthcoming Annual General Meeting on 3 April 2013. The Year at a GlanceThe European financial crisis and sluggish growth in the US were among some of our concerns that I raised in my message last year. Despite these challenges, Asia remained relatively unscathed and we fared better than expected. Our teams in both North and South East Asian markets performed relatively well delivering a 19.5% increase in our revenue, which rose from US$489.4 million in the previous financial year to US$584.8 million in FY2012. Correspondingly, net profit after tax rose from US$4.7 million to US$5.0 million, representing an increase of 6.4%. North East AsiaGeographically, our North East Asian markets comprise primarily our businesses in China and Hong Kong. Accounting for approximately 64.2% of the Group's total revenue, our business in China benefited from the domestic market resilience. We saw strong demand from the wireless technology, renewable energy and telecommunication segments. Furthermore, demand for smartphones and tablets remained strong due to the sustained momentum in consumer spending. South East AsiaRelative to previous years, our business in the South East Asian market improved significantly this year. At the close of FY2012, revenue contribution from our South East Asian market accounted for 35.8% of the Group's total revenue compared to 28.3% in the previous financial year. Our performance in this region is largely attributable to the implementation of some government infrastructure projects, the strong demand for energy-saving products and higher sales of TFT panels. Research and DevelopmentOur R& D department adopted a two-prong approach by focusing on expanding the capabilities of its BreathOptics product, which is an Intelligent Baby Monitoring Mat using fiber optics to monitor baby's breathing patterns and simultaneously expanding its distribution reach to North America. In the US, our BreathOptics product underwent stringent safety compliance standards and we hope to bring our product to consumers in the North American region soon. Prospects for 2013Into the new financial year, we expect to see more stability in the US economy and improving sentiments in China and South East Asia. This landscape will benefit our business in North and South East Asia. In China, we foresee growth to come largely from domestic demand. Furthermore, with energy becoming a key issue in the country, demand for energy-saving and renewable-energy products is poised to escalate. Our teams in China and Hong Kong are stepping up their efforts to expand their product offerings in these areas. In South East Asia, business growth will largely be driven by government infrastructure investments. We anticipate the implementation of an increasing number of these projects. Our South East Asian team, in addition to pursuing infrastructure projects, is also focusing on automotive and energy meter opportunities in various countries. The R& D division will use their fl agship product – BreathOptics - as a launch pad to establish themselves in the infant care market. Corresponding to this strategy, they will be expanding their offerings in this segment. At the organisational level, in addition to our generic business growth, we will also be looking for strategic partnerships through which we can enhance the value of Excelpoint. In AppreciationWe would not have been able to achieve our results without the dedication and commitment of our team. I thank each and every one of you for your hard work this year and look forward to your continued support in the new financial year. To all our shareholders, thank you for your trust in Excelpoint. I hope you will continue to give us your vote of confidence. To our bankers, principals and business associates, I appreciate your guidance and advice. Your support will lend us the courage to scale new heights. Yours sincerely, Albert Phuay Yong Hen Chairman and Group CEO |
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josephyeo
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04-Apr-2013 15:18
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  do note that the top n bottom line of excelpoint has been improving in the last 3 financial years.   management report sounds bullish, implying another year of growth. i stand corrected on this point   pls verify it yourself. |
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josephyeo
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04-Apr-2013 03:09
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I still like excelpoint .. 1. high dividend yield .. the latest declared dividend 0.8 cts per share giving a yield of around 9% based on current price of 8.7cts.       The same level of dividend was declared the year before. 2. very decent revenue of $700+ millions. There are not many companies which have this level of revenue.       clearly there is some value here. 3. management sounds quite bullish abou their business, implying that there could further growth. On this point     pls check it out yourself n draw your own conclusion.
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josephyeo
Member |
23-Feb-2013 01:24
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closed at 10.4 cts | ||
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josephyeo
Member |
22-Feb-2013 14:18
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down to 10.2 then 10.5 cts. low volume .. interest may come back when they go cum dividend of 0.8cts which is close to 8% yield. |
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josephyeo
Member |
21-Feb-2013 00:24
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nice close at 10.8 cts | ||
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josephyeo
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20-Feb-2013 14:40
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now trading at 10.6 cts (2.40pm) | ||
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josephyeo
Member |
20-Feb-2013 01:52
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Result
for the last 2 quarters ie july to sept 2012 and oct to dec 2012 have
been very encouraging with profit of S$1.9 n S$2.1 mil respectively.
This work out to be S$4.0 mil.
If
the profit trend persist, we will be able to see a set of very good
result this current financial year 2013 on top of the attractive
dividend yield.
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josephyeo
Member |
19-Feb-2013 23:28
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closed at 10.3 cts | ||
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josephyeo
Member |
19-Feb-2013 16:15
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last done 10 cts 4.15pm | ||
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josephyeo
Member |
19-Feb-2013 15:52
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done at 9.7 cts | ||
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josephyeo
Member |
19-Feb-2013 09:36
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last year dividend was paid in May. | ||
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josephyeo
Member |
18-Feb-2013 17:07
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Excelpoint is a singapore company. Was listed in 2004 at 25.7 cts (after adjustment) Profit trend has been encouraging and dividend yield excellent @8.4% on current price of 9.5 cts. The same level of dividend was paid out the year before (year ending 2011). In 2 years one can get a dividend of 1.6cts from a company w improving top n bottom .. i think that's a fantastic deal. Note : Scroll to the bottom to see the original posting for more details. |
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iPunter
Supreme |
18-Feb-2013 07:27
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Penny stocks give the biggest profit potential, provided we catch it before they surge. But after they have started to surge, it is already too late to get in
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tanglinboy
Elite |
18-Feb-2013 07:19
Yells: "hello!" |
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I am quite wary of penny stocks. Too volatile. | ||
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josephyeo
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18-Feb-2013 02:29
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result for the last 2 quarters ie july to sept 2012 and oct to dec 2012 have been very encouraging with profit of S$1.9 n S$2.1 mil respectively. if the profit trend continue, we will be able to see a set of very good result this current financial year 2013. |
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josephyeo
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16-Feb-2013 01:49
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close at 9.5 cts today.   dividend of 0.8 cts for financial year 2011 was paid on 16 May 2012. expect dividend of 0.8 cts for financial year 2012 to be paid around same period as last year ie May 2013. this work out to be a yield of 8.4%.
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josephyeo
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15-Feb-2013 09:49
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Why I like Excelpoint Technology :   1. high dividend yield. dividend declared for year 2012 is 0.8cts per share on current price of 8.9 cts per share (price as on 8 feb 2013). This gives a yirld of almost 9%. Dividend for previous year was also 0.8cts and the year before that 0.3 cts per share.   2. improving top and bottom line. year                                                                    revenue                                                    net profit 2010                                                                  S$620 mil                                              S$4.2 mil 2011                                                                  S$612 mil                                              S$5.9 mil 2012                                                                  S$731 mil                                              S$6.3 mil Company reports in US$. Exchange rate used US$1 : S$1.25   3. very decent revenue. there are not that many listed companies which have this level of revenue. For a company to be able to do a sales of $700+ mil is really quite commendable. There is alot of intangible value here.   4. price below nav. current price of 8.9cts is below its nav of 11.7 cts.   5. management sounds positive of further growth. Management comment .. quote : " We foresee improving consumer sentiments in China and South East Asia and more stability in the US economy. This landscape augurs well for our business. Barring unforeseen circumstances, the Group is optimistic about the performance of its businesses in China and South East Asia in the new financial year. In addition to its existing business, it will also be looking for partnerships that can value add and enhance the growth of the organisation."   6. decent pe ratio. its current pe is around 7.2x. For a Singapore company with growth potential a pe of 7.2 is considered low in my view.   7. absolute low price. it has an absolute low price of 8.9 cts per share as on 8 feb 2013.   A quick summary: I like the company because it has a high dividend yield, is trading below its nav, has shown improvement in its top n bottom line with very decent revenue, a reasonable pe and positive management comments.   Notes(1): Its a Singapore company listed on 7 jan 2004 at a price of 25.7 cts. Excelpoint is an electronic components distributor serving customers who are primarily original equipment manufacturers (OEM), contract manufacturers and sub-contractors for a wide range of industries including that of telecommunications, consumer electronics, industrial and instrumentation electronics, automotive, computers and computer peripherals et cetera. Their businesses can be divided into 2 major segments, distribution and design-in services.(source ShareInvestor)   Notes (2): the 52 weeks low n high is 5.2 to 8.9 cts per share. Currently it is trading at its 52 weeks high. The highest ever traded was 41cts on 26 Jan 2004 and lowest was 2 cts on 2nd march 2009.   Above is not an invitation to buy or sell. Should you have interest in the company, please do your own analysis n conclusion. Fyi i am heavily vested in view of the high dividend n potential future growth (may/maynot happen). |
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