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http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7306-dukang-fy2013-net-profit-up-787-at-rmb-3897-million
Co raised secured debt, even though their cash balances currently is almost 14x more than its total debt...fishy??
Px cannt surpassed 43c drop to 39.5c..think can drop further.
Octavia ( Date: 28-Aug-2013 08:36) Posted:
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Going forward, the grp note that despite the stellar growth recorded by the Group, China?s baijiu industry has entered a period of adjustment, the curb on the Chinese government public spending will inevitably restrict the development of high-end baijiu segment.
Still no dividend declared.
Good to donate money to Henan charity but wouldn't it be better to donate some to shareholders..? :)
Good to donate money to Henan charity but wouldn't it be better to donate some to shareholders..? :)
Dukang Distillers? FY2013 net profit jumps 78.7% yoy to
RMB389.7 million
Revenue up 31.7% yoy to RMB2.4 billion for FY2013 on the back of 144.6% increase in
sales of products under ?Dukang? brand
Gross profit margin improved 3.4 percentage points yoy to 40.9% due to a shift in
product mix towards higher-margined ?Dukang? brand products
http://infopub.sgx.com/FileOpen/DK_4...& FileID=254110
http://infopub.sgx.com/Apps?A=COW_Co...13_Results.pdf
RMB389.7 million
Revenue up 31.7% yoy to RMB2.4 billion for FY2013 on the back of 144.6% increase in
sales of products under ?Dukang? brand
Gross profit margin improved 3.4 percentage points yoy to 40.9% due to a shift in
product mix towards higher-margined ?Dukang? brand products
http://infopub.sgx.com/FileOpen/DK_4...& FileID=254110
http://infopub.sgx.com/Apps?A=COW_Co...13_Results.pdf
dukang, now 43 may fall to 34
for more details , see my dukang chart in http://sgxswinger.blogspot.sg/ tq
SGX fillings has revealed that Dukang Distillers, Mr Gao Feng has sold off his entire shareholders in Dukang to 2 entities, the first being a 14.34% stake sale to Kai Feng Teng Mills and the second a 29.5% stake sale to Treasure Winner Holdings. (Note that this is just off the 30% make to trigger a general takeover offer) Interesting to note is that Treasure Winner Holdings is wholly owned by Wang Peng, who is also the Deputy Executive Chairman and CEO of SGX listed Synear holdings who is currently undergoing a proposed delisting.
Recall in April, Maybank-KE had a report out on a potential list of priviztaion plays, where Dukang was featured as a potential candidate. See the repost below: Dukang could be privatised for the following reasons:
1) Cheap valuation: which is very undemanding to us especially when compared with other A-share listed peers.
2) In Luoyang city, investors checking out a store that sells Dukang spirits. The product banner is displayed at the top of the shelves.
3) Cash rich: The company has very healthy operating cash flow and is in a net cash position of CNY671m. In fact, its net cash balance accounts for 51% of the company?s total market cap.
4) The consolidation of baijiu industry. Chinese baijiu market is still quite fragmented currently but might go through a consolidation process going forward.
The rich cultural value inside Dukang brand could make it a very attractive M& A target.
I see double back side!!!
bishan22 ( Date: 13-Aug-2013 15:33) Posted:
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Looks like forming a double bottom formation.
louis_leecs ( Date: 13-Aug-2013 15:29) Posted:
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465cts liao
if never move up,,,,boh ho kang tao liao,,,
46ctd,,,after finish 455
Hope this is a true reversal. Results out soon?? Any one??
verysolid at 45cts,,,,
now the seller more and more liao,,,must see 445cts
Good advice. Last time was force to throw out at 0.51. Loss commission. Kam siah...
louis_leecs ( Date: 13-Aug-2013 11:45) Posted:
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this u turn looks healthy. should have more potential moving up. There is buying interest.
bishan22 ( Date: 13-Aug-2013 11:40) Posted:
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must monital 45cts real or fake q ing,,,before eat
U turn back again. Can it sustain 20MA???
louis_leecs ( Date: 13-Aug-2013 11:26) Posted:
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dukang coming 455