Baker Technology    Last:0.55    +0.01

It's time to rebound ????

How long will this counter sleep? zzz..... everyone sleeping in this counter too?

 

danytan      ( Date: 06-Nov-2013 17:59) Posted: http://infopub.sgx.com/FileOpen/BakerTech_3Q2013_MediaRelease.ashx?App=Announcement& FileID=262924   Any views?

 

http://infopub.sgx.com/FileOpen/BakerTech_3Q2013_MediaRelease.ashx?App=Announcement& FileID=262924

  Any views?

 

No positive catalyst ahead.Those vested for CD still lose big money.

Sell and buy other energy stocks wld be better.

 

Baker Technology ST: the upside prevails as long as 0.264 is support Trading Central | 2013-09-25 22:58:00 The configuration is positive. Our pivot point stands at 0.264. Our preference: the upside prevails as long as 0.264 is support. Alternative scenario: the downside breakout of 0.264 would call for 0.25 and 0.242. Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 0.27 and 0.27). Supports and resistances: 0.342 * 0.332 ** 0.323 0.275 last 0.27 0.264 ** 0.25 * Copyright 1

 

Baker Technology ST: the RSI is overbought Trading Central | 2013-09-18 22:51:00 Alternative scenario: the downside breakout of 0.265 would call for 0.252 and 0.244. Our pivot point is at 0.265. Our preference: the upside prevails as long as 0.265 is support. Alternative scenario: the downside breakout of 0.265 would call for 0.252 and 0.244. Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, t

 

Technical BUY with +10.3% potential return

Last price: S$0.290

Resistance: S$0.37

Support: S$0.25

BUY with a target price of S$0.32 with tight stops placed below S$0.27. The stock looks poised to continue its rebound as prices have closed above its 200-day EMA and it is also trading near a potential golden cross formation (50- and 200-day EMAs). Its positive  directional index has turned up and may continue to rise correspondingly with its ADX, with its Stochastics indicator looking poised to form a bullish hook-up.Firstly, watch to see if the stock could trade above S$0.30.

Source : UOBKH

WanSiTong      ( Date: 18-Sep-2013 14:35) Posted: Baker rebound ! Huat arh........

 

Baker rebound ! Huat arh........

 

 

 

Wait for it to go below 0.25. And will get some to keep.

 

Baker Technology's Q2 profit down 82%

Baker Technology on Friday said its net profit for the second quarter ended June 30 fell 82% year on year to $11.32 million, with a lower gain on disposal.

During the quarter, the marine offshore equipment and services company recognised a gain of $8.86 million from the sale of an associate, compared to a $58.24 million gain on disposal a year ago. Revenue fell 12% year on year to $22.14 million, due to the general slowdown in order intake. (BT)

...last done: $0.270...

 

Just to clarify further, as I realize forum members may have misunderstood how I get 0.36. Looking at the most recent financial results of Baker, I projected a net income of $0.0144/yr. This is what I base on to get DCF value or intrinsic value of $0.36, by simply dividing 0.0144 by 0.04 (since I assumed steady net income and no growth). $0.36 is definitely not net asset value!!

Lastly, please treat what I have shared this weekend as just an example. I really have no idea what Baker Tech's business model is like and whether it would be more or less profitable. Do your own due diligence. Thanks.. =)

 

You should not be so mean.. Everyone is here for knowledge and also to share and learn. I dunno If Bro WanSiTong is wrong in his postings because I never follow for SPH, but even if he is, forum members can point out so we can all learn and benefit at the same time. What is wrong can also be subjective and that's why all can have a good discussion, hear alternative views backed with facts and knowledge, and then everyone can make the best decision for himself/herself. Even professional financial analysts can be wrong because they may be backed by their own confirmation bias.. =)

vincente      ( Date: 04-Aug-2013 19:22) Posted: Walau yr views are so biased.There are some many episode yet you talk on the wrong one.I am sure you are vested and not making money too. Saw yr SPH posting with mistakes too but I did not  mention it until someone pointed out to you.I am small time vested here but do not wish to misled pple.Hehe God bless. WanSiTong      ( Date: 04-Aug-2013 14:52) Posted: Those who had done their home work like Bro SFGuyRuleZ & follow the rule of " Buy on dip & sell on news" plus not too greedy would have already enjoyed their Lemon Pie (instead of the short form LP, Lol) News on the disposal of its subsidiary (PPL Holdings Pte Ltd) had announced long ago before Jan 2013. Share price before Jan 2013 was about $0.32. The share price went up to the recent high of $0.485 on 25/2/13 when he Co officially declared the 10c dividend . Those who had bought the shares earlier on and sold it when the news came out  made 16.5c profit.

 

Walau yr views are so biased.There are some many episode yet you talk on the wrong one.I am sure you are vested and not making money too.

Saw yr SPH posting with mistakes too but I did not  mention it until someone pointed out to you.I am small time vested here but do not wish to misled pple.Hehe

God bless.

WanSiTong      ( Date: 04-Aug-2013 14:52) Posted: Those who had done their home work like Bro SFGuyRuleZ & follow the rule of " Buy on dip & sell on news" plus not too greedy would have already enjoyed their Lemon Pie (instead of the short form LP, Lol) News on the disposal of its subsidiary (PPL Holdings Pte Ltd) had announced long ago before Jan 2013. Share price before Jan 2013 was about $0.32. The share price went up to the recent high of $0.485 on 25/2/13 when he Co officially declared the 10c dividend . Those who had bought the shares earlier on and sold it when the news came out  made 16.5c profit. SFGuyRuleZ      ( Date: 04-Aug-2013 12:30) Posted: In a way if ppl buy now at $0.265 and just from the intrinsic value of $0.36 itself, they already have a gain  of $0.095 if they keep it for long term, based on the fact if $0.0144 net income/ share is earned annually (assuming no inflation). The idea of DCF is about time value of money, meaning if for example you invest 100 years in Baker Tech, in 100 years time (year 2113) you ought to have gotten $1.44. But from the discount factor and yield of 0.04 I used, it means the $1.44 in year 2113 is equivalent to $0.36 now. Moreover if one buys now, there is also a capital gain of $0.295 (0.56 -0.265) if market realize this value in the long term. And looking at $0.265 now and assuming $0.0144 net income/share being earned annually is still true, the share price of Baker Tech should still appreciate by $0.0144 anually. Whether value of 0.36 and 0.56 will be achieved or not, it shall be determined by the market. What I assume above is if as a retail and passive investor, we can still get hold of all the net income per share, but which in reality, is not that ideal. Therefore, if management can no longer produce growth in profits, they should start to give out more dividends. In fact, Baker Tech recently gave out 10 cents dividends. It is Market itself which decided that the share price should drop more than 10 cents, not the fault of the management and company. So yeap, just think about it.. =)

 

Just thought of adding on since I have already said so much. Just to share some investment knowledge. Using Baker Tech as an example, assuming the earnings are really stable with no growth (positive or negative), it's intrinsic value is 0.36 with 4% yield. A misconception is that when you pay 0.36 for Baker in this example, you would have no gain, which is incorrect. In the long term if you keep Baker Tech for many years, Baker's share price should appreciate by the annual net income/ share accordingly. When you finally sell Baker's shares in the future, the money value you get would still have a 4% compounded yield. Assuming Singapore's inflation is 3% annually, in the future when you sell off Baker, you would still have a 1% gain of value relatively.

But since we are normal retail and passive investors, we should perhaps look more at the dividend payouts and subject it to the same discount factor or yield. I looked at Baker Tech's dividends paid out for the past 3 years and realize that the average dividends handed out is about $0.0175/ year (not including the special dividend). Subjecting it to the same required yield of 0.04 and assuming that 0.0175 is paid out as dividends every year, it would have an intrinsic value of $0.4375.

Now I am not promoting Baker Tech as I mentioned before I do not know much about the business or news update of Baker. I am also not vested in Baker. Just thought it was really a good example to share about discounted cash flow valuation and intrinsic value, as well as some investment 101. =)

 

dividend is suppose to reward those people who invest long term, not those ppl who buy the stock at last min and to get the dividend.. those that vest long term wouldnt encounter this no gain situation.. for eg, assume i buy it at 26.5 and assume it stagnates.. then during this 1 year period, say the company earn extraordinary big profits via disposal of assets.. then there will be people & insiders who expect dividend to be given out, hence we see buyers & it push price up.. even assuming people doesnt expect news of dividend and we see price continue stagnate, then news suddenly come out & company really give out dividend, say 10cents.. so share price will likely become more than 36.5.. so we can see last min buyer who bought at 36.5 will die, cos after XD, it will likely fall 10cent back, since dividend is 10cent, and they get no net gain.. however, those who invest long term & had got in early even before any news, will not get affected by the XD.. they will still earn net 10cents even after XD when the share price is back to 26.5..

vincente      ( Date: 04-Aug-2013 19:00) Posted: Agreed. ysh2006      ( Date: 04-Aug-2013 10:01) Posted: Good div where got good , share  price appreciation better because they give you 10 cents div ,they take back 10 cents from  the share price become no gain , LP vs PL..

 

Yeah look like can drop to 20c if the compy secures less project.

beginners      ( Date: 03-Aug-2013 19:19) Posted: If really can go to 2.0 and below I will load some and keep:)

 

Agreed.

ysh2006      ( Date: 04-Aug-2013 10:01) Posted: Good div where got good , share  price appreciation better because they give you 10 cents div ,they take back 10 cents from  the share price become no gain , LP vs PL... SFGuyRuleZ      ( Date: 04-Aug-2013 01:38) Posted: Some fundamentals for Baker Tech: Acid-test Ratio: 11.36 (Super Good) Current Ratio: 12.3 (Super Good) Debt-to-equity ratio: 0.08 (Incredibly good!!) Net Debt to Income Ratio, based on current earnings: is negative, not need to even calculate!! Net Cash (Cash and cash equivalents - total debt): $172.3 million Valuing it as already a stable company with no more room for growth in profits, and based on it's solid fundamentals, it can be treated as risk-free, giving it a conservative discount factor of 0.04, Intrinsic Value / share = 0.36 Net Cash/ Share = 0.2 Fair value / share = 0.56. This company's fundamentals is really very solid. In fact, it got too much cash and if no more room for growth in profits, management should consider giving out more dividends. It would be good to invest if one looks for dividends. How good would have to depend on the dividend yield. I am really " wowed" by the fundamentals, but not vested as I looking for capital-gain companies also..

 

What I have stated about intrinsic value of 0.36 is assuming that the current profitable net income now can remain steady in the long run to come. I do not know much about the business of Baker Tech nor did I follow up any news on it. Whether it can remains profitable, more profitable or less profitable, growth potential /loss potential, etc..., think you all will have more information and knowledge than me and thus in a better position to determine the value, price and potential of Baker Tech.. =)

Octavia      ( Date: 04-Aug-2013 14:05) Posted: Do not be overly excited abt its current price(0.265) vs its NAV(0.36).I saw many stocks trading below its NAV and some as big  as 65% difference.Once it is trading lower it will trend lower unless the company has a good business model or a have niche over its peers.Unfortunately not for this counter.Similar counters  such as  Jaya,Swissco,Marco Polo,Ausgroup providing support to oil exploration industries were all reporting lower profit quarter after quarter. With exception of oil exploration companies like Kris,Rex, Ramba or Interra Resources are still holding well and trading way above its NAV even though some are still losing money.Investors are attracted to its business potential  hence willing to pay a premium.At the end of the day the market decides. SFGuyRuleZ      ( Date: 04-Aug-2013 12:30) Posted: In a way if ppl buy now at $0.265 and just from the intrinsic value of $0.36 itself, they already have a gain  of $0.095 if they keep it for long term, based on the fact if $0.0144 net income/ share is earned annually (assuming no inflation). The idea of DCF is about time value of money, meaning if for example you invest 100 years in Baker Tech, in 100 years time (year 2113) you ought to have gotten $1.44. But from the discount factor and yield of 0.04 I used, it means the $1.44 in year 2113 is equivalent to $0.36 now. Moreover if one buys now, there is also a capital gain of $0.295 (0.56 -0.265) if market realize this value in the long term. And looking at $0.265 now and assuming $0.0144 net income/share being earned annually is still true, the share price of Baker Tech should still appreciate by $0.0144 anually. Whether value of 0.36 and 0.56 will be achieved or not, it shall be determined by the market. What I assume above is if as a retail and passive investor, we can still get hold of all the net income per share, but which in reality, is not that ideal. Therefore, if management can no longer produce growth in profits, they should start to give out more dividends. In fact, Baker Tech recently gave out 10 cents dividends. It is Market itself which decided that the share price should drop more than 10 cents, not the fault of the management and company. So yeap, just think about it.. =)