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WHEN SCIENTIFIC INSTRUMENT firm Techcomp dual-listed its shares eight months ago in Hong Kong to supplement its Singapore listing, investors were no doubt wary of the poor track record of companies following the same route.

TECHCOMP: Stellar Half Highlights Healthy HK Listing

 

Found three threads on Techcomp!

This is by far the one of my best performing in terms of percentage! Bought at a low of 20 cents, simply thinking that it is below IPO price. After the bonus, average price below 15 cents. 30 lots becomes 45 lots. Such strong performance already make up for other small trading loses, and still give hefty profit. Wanted to buy more after ex-bonus but not much chance. Well, looks like for good company, anytime is a good time to buy.

Previous strong performer in my portfolio is CWT and GP Batteries.

 

anyone attended  it's  AGM yesterday, any talk about any problem of it's biz affected by Japan's recent disaster and any talk about looking for buying of it's biz(some hints may be)

Salute      ( Date: 13-Apr-2011 11:06) Posted: techcomp's shares are illiquid and once in a while a quick jump of > 10% and subsided, it's dividend is standard ard 1cts. But it's biz line is good. tester for various viruses/poison(to make it simple). There was a year, it made big forex mistake but he said since then they would be careful. hope he can get the selling right of radioactive level devices(the in-trouble now)......:) ivanignatius      ( Date: 13-Apr-2011 10:09) Posted: Techcomp up 10% since the start of the year, but market still seems uninterested.   Any thoughts on the technicals of this counter?

 

techcomp's shares are illiquid and once in a while a quick jump of > 10% and subsided, it's dividend is standard ard 1cts. But it's biz line is good. tester for various viruses/poison(to make it simple).

There was a year, it made big forex mistake but he said since then they would be careful.

hope he can get the selling right of radioactive level devices(the in-trouble now)......:)

ivanignatius      ( Date: 13-Apr-2011 10:09) Posted: Techcomp up 10% since the start of the year, but market still seems uninterested.   Any thoughts on the technicals of this counter?

 

Techcomp up 10% since the start of the year, but market still seems uninterested.   Any thoughts on the technicals of this counter?

 

This imminent three bagger now has not one but three interesting catalysts:

  1.   Dual listing in HK.

2. Beneficiary of weakening Yen.   (Assuming the Japanese government print money to stimulate the economy after the tragic tsunami).

  3.   Additional broker coverage likely.  

  Techcomp's results for 2010 were outstanding, but the story for 2011 is even stronger as the losses from Europe will turn to profits.   Assuming they can turn approx US$1.5mn of loss to profit, while keeping growing their core manufacturing business, and seeing a pick up in their distribution, then US$13mn of profit is easy (management is confident of all three improvements as per this weekend's The Edge story).   That equates to less than 6x PE for one of Asia's most credible scientific technology companies.   It should be on 20x.  

 

STeady stock. Selling easily absorbed which means there could be a catalyst coming and the stock will rise to its true value. Target price is 80 cents. 

 

TECHCOMP: Record profit of US$10.5 million in FY2010, Europe to contribute to bottom line this year.

http://www.nextinsight.net/index.php/story-archive-mainmenu-60/912-2011/3551-techcomp-record-profit-of-us105-million-in-fy2010-europe-to-contribute-to-bottom-line-this-year

 

 Techcomp (Holdings) Ltd (the “Company”) announced that the Company and its wholly owned subsidiary, Precisa Real Estate AG (the “Buyer”), had entered into a Sale and Purchase Agreement (the “SPA”) with Precisa Instruments AG (the “Seller”) to acquire Moosmattstrasse 32, 8953 Dietikon, Switzerland (the “Property”) at a total purchase consideration of CHF 4,304,000. The Property comprises fifth floor of office and production building totaling approximately 4,300 square meters and will be for the Group’s own use. The Property has a forty-year lease period up to 2050.

 

 

 

Techcomp (Holdings) Ltd (the “Company”) announced that the Company had exercised an option to purchase (the “Option”) the remaining 25% equity interest of HCC’s share capital (the “Acquisition”) at the total consideration of €650,000 in cash. HCC conducts no operating activities other than holding 100% interest of Froilabo SAS, Frilabor SRL and Craponne Tolerie SARL. Upon the completion of the Acquisition, HCC Group become indirectly wholly-owned subsidiaries of the Company.

 

 

471,000 shares done today, stock closed up 1.5 cents at 42 cents.
After a long long slumber, sleepy Techcomp has woken up. Will there be more action for the rest of the week?

 

With good FA , Techcomp 's TA is improving now . DIs are just crossing positively , ADX is at 14 n  about to turn up . Aroon indicator is also positive  . Bollinger band is tightening . MACD has never gone below the neutral line n has a positive cross now . All these would translate into a positive outlook of  Techcomp .

ivanignatius      ( Date: 10-Jun-2010 19:43) Posted: AM I MISSING SOMETHING?  Techcomp just gets more and more exciting.  It is going to do US$120mn of sales this year.  The margin will be about 9% (could be better as the balance of the business shifts to the higher margin manufacturing business).  Since the 1:2 split, it now has 232.5mn shares.  This equals 6.5c of Singapore dollar earnings (confusingly it reports in USD so you need to remember to multiply by 1.4).  A proprietary scientific equipment manufacturer should trade on 20x earnings, but Techcomp also has a big distribution side which is more like a 8x earnings business.  Blending the two, and putting it on 13x, the stock should be trading at 84c, versus the current 35c.   Just in case you think I am being too confident, they did US$105mn in 2009 (a tough global year), and made acquisitions during the year.  If they don't do US$130mn, I'd be shocked.  With the Euro falling, their products just get more competitive.  Then check out this statement from their year end press release:  Our established manufacturing and distribution operations in China have benefited from the PRC 4 trillion stimulus package and will continue to ride on the country’s strong economic growth. Strategic plans have been drawn up to build our European networks to ensure the sustainability of the business in the long term. All these will amalgamate into a pretty exciting outlook for the Group in 2010   The only things wrong with this stock is (1) No-one covers it (2) It is too illiquid.   Please post a reply if you disagree.

 

Volume is increasing , Techcomp may go into uptrend to fill the gap at 42 cents n reach the short term resistance at 45.5 cents .

Bintang      ( Date: 20-Jul-2010 09:58) Posted: Thinly traded Techcomp has increased its trading volume recently . Its share  price is now standing above the 10MA , Bollinger band is at 40 cents n is tightening .  ADX is at 15 while DIs are crossing positively . The short term target  at 42 cents would achieve easily . Bintang      ( Date: 16-Jun-2010 14:50) Posted: Techcomp is now on its way to go up to fill the gap at 42 cents

 

Is the price dilution completed by now?

mazimaz10      ( Date: 21-May-2010 17:36) Posted: This stock have been dropping nearly 30% from the high off 66c cents before XA. Any bad news for this stock?

 

TRUE!

Bintang      ( Date: 20-Jul-2010 09:58) Posted: Thinly traded Techcomp has increased its trading volume recently . Its share  price is now standing above the 10MA , Bollinger band is at 40 cents n is tightening .  ADX is at 15 while DIs are crossing positively . The short term target  at 42 cents would achieve easily . Bintang      ( Date: 16-Jun-2010 14:50) Posted: Techcomp is now on its way to go up to fill the gap at 42 cents

 

Thinly traded Techcomp has increased its trading volume recently . Its share  price is now standing above the 10MA , Bollinger band is at 40 cents n is tightening .  ADX is at 15 while DIs are crossing positively . The short term target  at 42 cents would achieve easily .

Bintang      ( Date: 16-Jun-2010 14:50) Posted: Techcomp is now on its way to go up to fill the gap at 42 cents . Bintang      ( Date: 31-May-2010 11:12) Posted: Techcomp has consolidated since the ' xall ' , it came down rapidly  breaking all the short n medium term moving averages to reach 200MA at 29.5 cents recently . Weekly DIs are still positively placed , n weekly RSI is still remain in its supporting zone at 48 . The rebounce recently sent the share price to fill the gap at 32.5 cents . The next gaps to be filled are at 34 n 42 cents respectively

 

Techcomp is now on its way to go up to fill the gap at 42 cents .

Bintang      ( Date: 31-May-2010 11:12) Posted: Techcomp has consolidated since the ' xall ' , it came down rapidly  breaking all the short n medium term moving averages to reach 200MA at 29.5 cents recently . Weekly DIs are still positively placed , n weekly RSI is still remain in its supporting zone at 48 . The rebounce recently sent the share price to fill the gap at 32.5 cents . The next gaps to be filled are at 34 n 42 cents respectively . Bintang      ( Date: 02-May-2010 18:30) Posted: Since Techcomp broke out of its bull flag formation on 5 April 2010 at 57 cents  , its trend has gone all the way up to 67 cents on 28 April 2010. Its RSI ( 14 day ) have been making positive divergences while  average daily volume was still healthy . The only n strong resistance is at 69.5 cents . Techcomp  may take the opportunity to consolidate after the Xall date , then it  may resume its upward trend again

 

AM I MISSING SOMETHING?  Techcomp just gets more and more exciting.  It is going to do US$120mn of sales this year.  The margin will be about 9% (could be better as the balance of the business shifts to the higher margin manufacturing business).  Since the 1:2 split, it now has 232.5mn shares.  This equals 6.5c of Singapore dollar earnings (confusingly it reports in USD so you need to remember to multiply by 1.4).  A proprietary scientific equipment manufacturer should trade on 20x earnings, but Techcomp also has a big distribution side which is more like a 8x earnings business.  Blending the two, and putting it on 13x, the stock should be trading at 84c, versus the current 35c.  

Just in case you think I am being too confident, they did US$105mn in 2009 (a tough global year), and made acquisitions during the year.  If they don't do US$130mn, I'd be shocked.  With the Euro falling, their products just get more competitive.  Then check out this statement from their year end press release: 

Our established manufacturing and distribution operations in China have benefited from the PRC 4 trillion stimulus package and will continue to ride on the country’s strong economic growth. Strategic plans have been drawn up to build our European networks to ensure the sustainability of the business in the long term. All these will amalgamate into a pretty exciting outlook for the Group in 2010 

 The only things wrong with this stock is (1) No-one covers it (2) It is too illiquid.  

Please post a reply if you disagree. 

 

It would be a great opportunity to buy when Techcomp comes down to fill the gap at 32.5 cents tomorrow .

Bintang      ( Date: 03-Jun-2010 11:56) Posted: Gap at 34 cents has filled today . Bintang      ( Date: 31-May-2010 11:12) Posted: Techcomp has consolidated since the ' xall ' , it came down rapidly  breaking all the short n medium term moving averages to reach 200MA at 29.5 cents recently . Weekly DIs are still positively placed , n weekly RSI is still remain in its supporting zone at 48 . The rebounce recently sent the share price to fill the gap at 32.5 cents . The next gaps to be filled are at 34 n 42 cents respectively

 

Not to be overly concerned if u r a value investor. Techcomp is steady and rock solid.

Got supporters at Nextinsight and everywhere else, I think.......
http://www.nextinsight.biz/component/option,com_fireboard/Itemid,67/func,view/id,1457/catid,3/limit,6/limitstart,30/

and boss is still looking v happy:

mazimaz10      ( Date: 21-May-2010 17:36) Posted: This stock have been dropping nearly 30% from the high off 66c cents before XA. Any bad news for this stock?