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Hongfok - recharged from 2Q09
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tea444u
Master |
31-Mar-2012 14:35
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i would like to attend that... | ||||
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kenkenken
Senior |
31-Mar-2012 09:46
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hi jackpot, are you going for the AGM in April if im not wrong?
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tea444u
Master |
31-Mar-2012 00:30
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also if the board and owners so not active, they might as well close down or sellthe coy to some other more progressive firms.... at the current price, a good discount to fair value i guess... anyone here intend to buy for the run up to ex b??? |
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tea444u
Master |
30-Mar-2012 23:45
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oh my goodness...that bad??? I din know...thank u for highlighting...perhaps we should write in and warn them about being fair to us minority shareholders?I really din know...fist time buy this stock.... just see their profits good and they haf high nta...so... perhaps i should write in and gif them a warning to act fairly towards minority shareholders . |
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Jackpot2010
Master |
30-Mar-2012 22:43
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at the low of sub-prime crisis (2009), px drop below 20c. But I went in later - bought n sold since 50c till my last purchase at 71c. On average I break-even but I will continue to hold & exit only after fruits from Concourse Skyline, Intl Bldg & Claymore carpark are reaped. Thereafter don't think i will go back again. Minority shareholders will lost out in the long run with such rot Board members and majority owners. |
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kenkenken
Senior |
30-Mar-2012 22:25
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you holding at what price and not selling after this run?
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Jackpot2010
Master |
30-Mar-2012 22:16
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fyi, some investors hv lost heavily here, some from IPO days @ $3.60 few decades ago. I attended the last AGM n heard shareholders complaining about zero div for few decades. The Board & owners are very oppressive to minority. While they received huge remuneration & fees (presumably include free stay at unsold condo units), the minority received zero div. After vested here for the past 2 yrs (& still vested) I noticed the Board & owners are oso not pro-active. E.g after Concourse Skyline, International Bldg and Claymore carpark re-development, there r no new projects going forward. Compare to Ho Bee, LKH Sp - both hv numerous projects in the pipeline here and overseas.
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kenkenken
Senior |
30-Mar-2012 21:39
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maybe buy some on monday. follow director buy should be no problem | ||||
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tea444u
Master |
30-Mar-2012 20:57
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hmmm strange ...little support for a stock that is going to gif BONUS.... plus coy is so the stable....hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm | ||||
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tea444u
Master |
30-Mar-2012 20:38
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Hi...good to collect around these levels??? | ||||
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tea444u
Master |
28-Mar-2012 20:31
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I am now a shareholder...wait for the bonus...yum yum.... | ||||
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Jackpot2010
Master |
28-Mar-2012 13:36
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FY31/12/11 NAV or NTA = $1.56 but this did NOT take into account redevelopment potential of Intl Building & Claymore Rd Carpark. Imagine IF & When these 2 sites are rebuilt to similar heights as ION Orchard what would be its NTA, who knows? http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_074157F3D2A7D53D482579B2003A1FE3/$file/HFC2011.pdf?openelement
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BellaVida
Member |
28-Mar-2012 12:59
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Anyone happen to have the NTA per share for this counter? |
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susan66
Master |
28-Mar-2012 11:59
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Oops typo error, I mean from 0.57 to 0.62. 
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susan66
Master |
28-Mar-2012 11:56
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Moving fast from 0.375 to 0.62 start again after resting! 
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Jackpot2010
Master |
28-Mar-2012 11:21
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Insider buying. Executive Director Cheong Sim Eng (younger brother of Chairman Cheong Kim Pong) up stake to 16.4% on 27/3/12. Public hold ~25% only, balance with the Cheong family. Very likely to privatise. Valuation of International Building (Orchard Rd) at $246m and open car park (Claymore Rd) $66m hv not taken into account redevelopment potential. Super strong balance sheet (current ratio 10x), PE 3x) DYODD: Buy only when u can afford to hold n wait, I've waited for two yrs but no hurry to sell unless near $2. http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/0F1BFEA42650D705482579B1002D2A09?opendocument http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/A7AFA20117994BA4482579CE00150A21?opendocument |
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Jackpot2010
Master |
23-Mar-2012 15:05
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1-for-5 bonus issue. better than nothing! http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/935DE9A975466612482579C90031BCD5?opendocument |
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Jackpot2010
Master |
30-Jan-2012 14:37
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somebody pushing up wing tai & Hong fok - both with some HK connection. Is it privatisation or takeover ? Can't be due to results bcos long wait till ~28 Feb. |
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marina888
Member |
16-Sep-2011 15:59
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SADIF Analytics releases new summary due diligence report for Hong Fok Corporation Limited2011-09-14 13:52:04 SADIF-Investment Analytics has applied its StockMarks™ stock-rating system to Hong Fok Corporation Limited and produced a report, rating the company's attractiveness to long-term investors. Ilhavo, Portugal – SADIF Investment Analytics, announces a new summary due diligence report covering Hong Fok Corporation Limited (H30). The report uses SADIF's powerful StockMarks™ stock rating system and contains important analysis for any current or potential Hong Fok Corporation Limited investor. Report Summary: Hong Fok Corporation Limited is an above average quality company with a neutral outlook. Hong Fok Corporation Limited has medium business growth and is run by efficient management. The trend in Hong Fok Corporation Limited fair value exchange rate against its closest rated-competitor, Hwa Hong Corporation Limited, has been appreciating over the past 2 weeks. When compared to its closest competitor, Hong Fok Corporation Limited shows greater overvaluation and is equally likely to outperform the market. NTA is $1.43 vs low stock price of 0.44 / 0.445 cts now (High $1.97). Assets vs Liabilities (10X). Hong Fok has valuable property assets in Singapore and Hong Kong. Property valuations still stable for the short term. HF profits are ploughed back into business to add value to their shares. Great potentials to be an ASSET PLAY counter for those patient holders who will be richly rewarded !!!For FY2010 ended December, Hong Fok reported a sevenfold y-o-y increase in earnings to $99.2 million. From May 2011 onwards, Company has implemented progressive shares buy-back under " Share Purchase Mandate" of maximum 10% issued shares from open market and Directors buying shares to boost their ownership (tremendous confidence in their company which they deemed as undervalued-another ALLGREEN repeat?). |
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moonsun
Member |
11-Nov-2010 16:58
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Hmmm.. Almost every property counter have gone up.. except tis one.. Hmmm.... Worth a punt ... Skyline profit should be recognised tis qtr or next ? |
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