Juken Tech   

A Profitable Plastic Stock

M & A news should be on the way

 

Juken Technology Limited together with its subsidiaries announced that the severe flood in Thailand does not physically affect our Thailand plant. However, the severe flood has caused supply chain disruption to our operations in Thailand , Malaysia and India . Customers’ orders from our subsidiaries in Thailand, Malaysia and India have been directly affected due to the flood which affected the operations of certain customers in Thailand and indirect affected due to the overall supply chain disruption affecting some of our customers in Malaysia and India. At present, the duration and extent of flood remains uncertain, and it is not possible to assess the duration of supply chain disruptions.(S$0.712, -0.578%)

 

Great set of results.   Excluding the negative goodwill, Juken did about 2c of eps, or a PE of 8.6x.   The results statement says that they will experience moderate growth in most segments, and together with a full 12 months in the stepper motor business, will deliver higher earnings in 2011 than 2010.   To be that confident this early in the year sounds to me like they are going to have another whopping year.   This is a business in transition, and the brokers haven't picked up on it.   Give it a few brokers to back it, and there's another 50% upside here, I reckon, without the company even breaking a sweat.

 

regarding the Div. now we get 0.15cts and might get another 0.20cts if this is approved in the coming AGM, so totol will be 0.35cts this year.

 

PRESS RELEASE * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT

 

result is out.

solid result with better dividend.


" For the twelve months financial year ended 31 December 2010 (“FY2010”), the Group’s turnover
increased approximately 68% to $76.4 million from $45.4 million in FY2009. The Group recognised
nine months of revenue amounting to approximately $13.5 million, from the stepper motors and car
clock businesses acquired in March 2010 from MCO and ZSMH (the “Acquisition”). Revenue from
our plastic injection moulding business increased 35% to $54.8 million from $40.2 million while
revenue from the mould design and fabrication business increased 56% to $8.1 million from $5.2
million, over the respective year. The substantial improvement in performance was mainly due to
increase in customer’s orders across all our nine production facilities."


" Dividend
(a) Current Financial Period Reported On
Any dividend declared for the current financial period reported on?
Name of dividend : First and final Special
Dividend type : Cash Cash
Dividend amount per share (in cents) : 0.15 cents per share 0.20 cents per share
The Board of Directors is pleased to propose a first and final dividend of 0.15 cents per share
and a special dividend of 0.20 cents per share in respect of the financial year ended
31 December 2010 for approval by shareholders at the next Annual General Meeting to be
convened."

 

the right issue and warrants happened on 25/1/10, would you read from SGX....:)

pharoah88      ( Date: 14-Oct-2010 08:09) Posted: What is the warrant's conversion price ? What is the effective leverage ratio ? Salute      ( Date: 01-Oct-2010 23:55) Posted: Hi, I wish I know it for sure but no. What I gain then was that they have a very reliable client who order high quality automobile part with good margin and prompt in payment with also some other types of sale; their business also begin to show +ve since after their RTO and they said they were very sure that the biz is going to be better soon and some other tea session chatting which one would benefit when one was there. At that time, many companies were raising fund and I was worried about how the future of those companies since after the crisis. and the plastic related industries too. I was having quite a bit of paper loss and then I bought some back at 9cts after the AGM, regretted didn't buy warrant but did apply more when it was issued. Now I am sitting on profit. At then, I forsee the appreciation in capital gain, well, if I am not wrong, they are serious biz man unlike some unscrupulous china firms listed here, they will share their gain with shareholders. I attended a China firm's AGM (very disappointing one, but sorry for not telling you which one), As I was not able to get any clear words from the CEO about the future; every year he was giving that same kind of ambigious remarks that I didn't bother to chat with him in the tea session but overheard a few of it's staff talking among themselves in a laughing way, without any fear of letting us heard it though it's not too loud---saying."huh, still(obviously me) asked about the future, scary men" kind of comment. That showed how bad that kind of list company is, from the head to the tail..very wary about china firms

 

PUBLIC  INSIGHT

featured  especially  on

JUKEN  TECHNOLOGY

and

XPRESS HOLDING

Both  are impressively structured  for  ImmedIate  Business Growth  and  Market  Leadership

timqoo      ( Date: 11-Oct-2010 19:43) Posted: Juken Technology is going to be featured in Channel News Asia's Public Insight this coming Wednesday, 7:32 PM.

 

What is the warrant's conversion price ?

What is the effective leverage ratio ?

Salute      ( Date: 01-Oct-2010 23:55) Posted: Hi, I wish I know it for sure but no. What I gain then was that they have a very reliable client who order high quality automobile part with good margin and prompt in payment with also some other types of sale; their business also begin to show +ve since after their RTO and they said they were very sure that the biz is going to be better soon and some other tea session chatting which one would benefit when one was there. At that time, many companies were raising fund and I was worried about how the future of those companies since after the crisis. and the plastic related industries too. I was having quite a bit of paper loss and then I bought some back at 9cts after the AGM, regretted didn't buy warrant but did apply more when it was issued. Now I am sitting on profit. At then, I forsee the appreciation in capital gain, well, if I am not wrong, they are serious biz man unlike some unscrupulous china firms listed here, they will share their gain with shareholders. I attended a China firm's AGM (very disappointing one, but sorry for not telling you which one), As I was not able to get any clear words from the CEO about the future; every year he was giving that same kind of ambigious remarks that I didn't bother to chat with him in the tea session but overheard a few of it's staff talking among themselves in a laughing way, without any fear of letting us heard it though it's not too loud---saying."huh, still(obviously me) asked about the future, scary men" kind of comment. That showed how bad that kind of list company is, from the head to the tail..very wary about china firms timqoo      ( Date: 01-Oct-2010 20:59) Posted: Salute, thanks for the insight for it's AGM. they gave out dividend of 0.13c, 24% of FY2009 net profit last year. do you foresee greater FY2010 dividend yield since 39 fold increase of 1H2010 net profit?

 

Starting engine... Watching Public Insight tonight... 

 

Juken Technology is going to be featured in Channel News Asia's Public Insight this coming Wednesday, 7:32 PM.

 

Hi, I wish I know it for sure but no. What I gain then was that they have a very reliable client who order high quality automobile part with good margin and prompt in payment with also some other types of sale; their business also begin to show +ve since after their RTO and they said they were very sure that the biz is going to be better soon and some other tea session chatting which one would benefit when one was there. At that time, many companies were raising fund and I was worried about how the future of those companies since after the crisis. and the plastic related industries too.

I was having quite a bit of paper loss and then I bought some back at 9cts after the AGM, regretted didn't buy warrant but did apply more when it was issued. Now I am sitting on profit.

At then, I forsee the appreciation in capital gain, well, if I am not wrong, they are serious biz man unlike some unscrupulous china firms listed here, they will share their gain with shareholders.

I attended a China firm's AGM (very disappointing one, but sorry for not telling you which one), As I was not able to get any clear words from the CEO about the future; every year he was giving that same kind of ambigious remarks that I didn't bother to chat with him in the tea session but overheard a few of it's staff talking among themselves in a laughing way, without any fear of letting us heard it though it's not too loud---saying."huh, still(obviously me) asked about the future, scary men" kind of comment. That showed how bad that kind of list company is, from the head to the tail..very wary about china firms

timqoo      ( Date: 01-Oct-2010 20:59) Posted: Salute, thanks for the insight for it's AGM. they gave out dividend of 0.13c, 24% of FY2009 net profit last year. do you foresee greater FY2010 dividend yield since 39 fold increase of 1H2010 net profit?

 

Salute, thanks for the insight for it's AGM.

they gave out dividend of 0.13c, 24% of FY2009 net profit last year.

do you foresee greater FY2010 dividend yield since 39 fold increase of 1H2010 net profit?

 

Attended it's AGM, chatted with it's CEO and it's team at tea session. As friendly and caring and genuine as the CEO of United Envirotech, sharing their view and giving the shareholders "great" confidence in their biz.

Still hold on to its warrant and most of it's mother shares
 

 

Read the FY2009 financial highlights.

NAV 23.82c with continued demand driven by auto sector as well as non-auto sector.

If 1H2010 already 39 fold increase of net profit, FY2010 result maybe working hard to chiong and chiong more...

 

Pretty quiet stock today. After an overhaul of buying yesterday.

sarsar      ( Date: 18-Aug-2010 09:35) Posted: Pemberton Asian Opportunities Fund Emerges as Substantial Shareholder of SGX-Listed Juken SINGAPORE, 17 August 2010 “Group”) has announced that the – Juken Technology Limited (“Juken” or thePemberton Asian Opportunities Fund (“Pemberton”) has become a substantial shareholder of the Singapore Exchange-listed manufacturer of high-precision automotive and plastic moulding components. The fund, domiciled in Cayman Islands and managed out of Singapore, bought an additional three million shares yesterday, bringing to 15 million shares or 6.69% its stake in Juken. The 5% threshold was crossed when the fund bought one million shares on 11 August. Juken’s Executive Chairman, Mr. Wong Keng Yin, said, “We are pleased to have attracted institutional investors such as the Pemberton Asian Opportunities Fund. It underscores the confidence the investment community has in the growth strategies of the Group.” Juken this month announced a 39-fold increase of net profit for the six months ended 30 June (“1H2010”) to S$2.6 million compared to S$66,000 in 1H2009 and said sales rose across the board for all nine manufacturing facilities in six countries on pent-up demand for its plastic injection moulding, mould design and fabrication. The results included a first-time recognition of the stepper motors business and assets it acquired recently from The Swatch Group of Switzerland.

 

Pemberton Asian Opportunities Fund

Emerges as Substantial Shareholder

of SGX-Listed Juken

SINGAPORE, 17 August 2010

“Group”) has announced that the – Juken Technology Limited (“Juken” or thePemberton Asian Opportunities Fund

(“Pemberton”) has become a substantial shareholder of the Singapore

Exchange-listed manufacturer of high-precision automotive and plastic

moulding components.

The fund, domiciled in Cayman Islands and managed out of Singapore, bought

an additional three million shares yesterday, bringing to 15 million shares or

6.69% its stake in Juken. The 5% threshold was crossed when the fund bought

one million shares on 11 August.

Juken’s Executive Chairman, Mr. Wong Keng Yin, said, “We are pleased to

have attracted institutional investors such as the Pemberton Asian

Opportunities Fund. It underscores the confidence the investment community

has in the growth strategies of the Group.”

Juken this month announced a 39-fold increase of net profit for the six months

ended 30 June (“1H2010”) to S$2.6 million compared to S$66,000 in 1H2009

and said sales rose across the board for all nine manufacturing facilities in six

countries on pent-up demand for its plastic injection moulding, mould design

and fabrication.

The results included a first-time recognition of the stepper motors business and

assets it acquired recently from The Swatch Group of Switzerland.

 

can start to buy now @0.24 !!  

 

Entry opportunity surface. buy at 34. Out 37c

 

Reached my target price. Upwards momentum still strong. Buy