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total issued share capital as at the end of 30 September 2007 of 26,558,073,678 shares
so, from 1.5 cents to 2 cents in share price, the mkt cap will increase by staggering $132.8m...
The profit goes up 40%, why the shares price not shooting up? The company had written off a huge sum for Media Stream when it bought over Media Stream company. And now the business has changed to more profitable business.....Anyone know why??
Latest announcement from SGX, fyi.
Memstar's revenue surges 40% to RMB23million for 3 months ended 30 Sep 07, driven by strong sales of water purifiers
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E73162DA6CC9BB5E48257393003A5347/$file/MS-PressRelease14.11.07.pdf?openelement
WOW, from zhuge liang's mail below regarding profit after tax is RM40 M, thats is S$8Million for financial year jun 2007!. And its trading at only at 2cents! Its super undervalued. I read about the company too in the magazine "smartinvestor", company is promising. Worth stocking this counter for mid-term and beyond.
Been noticing about this shares and got it at the high side...sigh..have to hold .03 at 30 lots.
Memstar has been top volume for the past few days now. Wow...
shit, should have queue yesterday at 5.15 pm....
anyone got this counter at 0.02 ? congratulations man!
| 17:05:02 | 0.020 | 30,800,000 | X |
Pardon me ... what is married deals ?
Still newbie
Saw alot of married deal.some can go up to $0.208 in big volume @ 11.+am.
think good to buy and keep for awhile.
any comments.
so many married deal ??
wow, a BIG 205,504 lots were transacted @ 1403hrs
Time |
Last | Vol | Buy/Sell |
| 14:14:42 | 0.030 | 200 | X |
| 14:14:41 | 0.030 | 100 | X |
| 14:13:59 | 0.030 | 1,000 | X |
| 14:13:44 | 0.030 | 100 | X |
| 14:13:02 | 0.030 | 200 | X |
| 14:12:45 | 0.030 | 100 | X |
| 14:10:35 | 0.030 | 250 | X |
| 14:10:15 | 0.030 | 200 | X |
| 14:09:33 | 0.030 | 3 | X |
| 14:09:24 | 0.030 | 300 | X |
| 14:09:03 | 0.030 | 1,500 | X |
| 14:05:11 | 0.030 | 160 | X |
| 14:04:43 | 0.030 | 50 | X |
| 14:04:39 | 0.030 | 15 | X |
| 14:03:58 | 0.181 | 205,504 | X |
| 14:03:38 | 0.030 | 65 | X |
| 14:02:09 | 0.030 | 100 | X |
| 14:02:06 | 0.030 | 50 | X |
| 14:01:41 | 0.030 | 250 | X |
| 14:00:42 | 0.030 | 1,000 | X |
This share looks better than Chasen, Jasper or FHTK.
Good to play for big profits.
Memstar had been busy meeting investors lately explaining 'their growth strategies and market positioning' said a dealer.
Besides the new production facility, Memstar will continue to expand its current product line, strengthen its R&D capabilities to develop new membrane products for different uses, increase its marketing and promotional activities to strengthen the Memstar brand and also to expand into overseas markets.
For its industrial membrane products, which accounts for the bulk of its revenue, Memstar is working on new products to target a broader range of industries. The industrial applications are the submerged membrane and pressurised membrane modules that are used in water/wastewater treatment, wastewater reclamation, seawater desalination, food, pharmaceutical, chemical, power generation, petroleum, bio-separation and for other separation processes.
For domestic/commercial water purifiers, Memstar aims to develop new membrane products that work under different environmental conditions such as outdoor units, units operating at different water pressures and ultra compact units. It is also developing membrane products that combine different technologies such as activated carbonadsorption, ion exchange and RO (reverse osmosis) to treat challenging raw water sources.
On the R&D front which is anchored in Singapore, Memstar has 7 researchers with combined membrane production and application experience of over 80 years. The financial support from EDB is an endorsement of the Group's R&D capabilities. Memstar intends to embark on research projects in close collaboration with renowned research institutes including NTU and Chinese Academy of Engineering Physics in Mianyang, PRC, on a project-by-project basis.
Memstar is also keen to penetrate new overseas markets as part of its efforts to ensure sustained growth and to build its brand. For a start, it has collaborated with strategic partners to bring its water purifiers and industrial membrane products to Malaysia and Indonesia and will continue to grow its business outside the PRC.
Memstar is a leading manufacturer and distributor of PVDF (polyvinylidene fluoride) hollow fibre membranes and membrane products. Memstar is one of the few PVDF hollow fibre membrane manufacturers in the world. In the PRC, Memstar's membrane products are widely used in both industrial and domestic/commercial applications.
Memstar turned in revenue growth of 1,326% to RMB60.5 million in the latest financial year ended 30 June 2007, from RMB4.2 million in the financial year ended 30 Jun '06. Correspondingly, its profit after tax increased to RMB40.7 million, from a profit after tax of RMB0.2 million.
Against a backdrop of robust industry prospects in the PRC and overseas, Memstar has mapped out an expansion plan to increase its production capacity as well as the range ofits membrane products which are used by water purification and wastewater treatment companies.
As its existing plant in Guangzhou which began operations in Dec '05 is currently running at almost full capacity, Memstar has started work on the construction of a second production facility in Mianyang, Sichuan province.
Upon completion in '08, this second production facility costing an estimated $22 million will increase the Group's membrane production capacity from the current 0.6 million sq mto at least 1.8 million sq m per year as well as its production lines to 9. In the view of the directors of Memstar, this will establish Memstar as the largest PVDF hollow fibre membrane manufacturer in the PRC.
"With the expansion, we will be in a good position to meet the growing demand for membrane products especially in the PRC," says Dr Ge who has been appointed CEO of Memstar.
"We intend to further expand the production space in Mianyang to establish additional production lines so as to increase its production capacity to 3 million sq m per year, if the need arises."
Cos seller not willing to let go at 0.015. Too many shares in the market.
Why so many buy volume but the price is not going up??
wowww ... see the buy queue volume ....
| Code | Stock Name | Rmks | Open | Last |  | Chng | %Chng | Vol | BuyVol | Buy | Sell | SellVol | High | Low | Prev | M | Sector | Cur | Mkt | Off Code | Feed Code |
| 556 | Memstar | -- | 0.020 | 0.020 |   | +0.005 | +33.3 | 736,220 | 999,999.999 | 0.015 | 0.020 | 492,728 | 0.020 | 0.015 | 0.015 |
http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/7bb8462d6c5634454825736800363c38?OpenDocument
This new baby seems to be very positive as it is investing in water salination membrane business...any comments??
Mediastream has signed a MOU with Weifang Tonglu Food Co Ltd to buy all the issued and paid-up share capital of the Chinese maker of fresh and chilled meat products for $140 mln, Mediastream said.
The price is based on Weifang Tonglu's expected profit after tax of about RMB100 mln for this year. The purchase will settled by issuing new Mediastream shares to the shareholders of Weifang Tonglu. The deal is subject to regulatory and management approval and Mediastream being satisfied with the results of its due diligence study.
Yesterday, Mediastream said its reverse take-over deal with Opus IT Services Pte Ltd for up to $20.32 mln had lapsed. Mediastream is under judicial management and trading in its shares has been suspended since Feb 3, 2005.