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Eucon Holding, the integrated PCB solutions provider in China and PCB laser driller in Taiwan, says it posted a net loss of $1.9 million for the fourth quarter ended 31 December 2010 (4Q10) compared to a net loss of $1.6 million for 4Q09. Revenue increased 14% to $27.1 million from $23.7 million.
On a quarterly basis, PCB revenue remained constant compared to 4Q09. Mechanical drilling and routing services improved 17% from $2.4 million in 4Q09 to $2.8 million in 4Q10. Laser drilling services improved 91% from $3.3 million in 4Q09 to $6.3 million in 4Q10.
However, the group reported a net profit of $1.2 million for FY2010 compared to a net loss of $12.8 million in FY2009.
/theedge'//
Correction my target to buy for Eucon is 0.025 cents
regards
ezy
I guess for Eucon we need to wait and see the next quartely audit report, if it shows a more positive financial statement that mostly likely we could see more active trading on this counter.
My target to buy is 0.25 cents for more lots and hold for a period.
Another Tech stock to watch for short term gains is MI Tech (SGX) it tends to swing from 0.12 cents to 0.17 cents vice versa.
regards
ezy
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Disclaimer…The subject matters expressed above is based purely on technical analysis and personal opinions of the writer. it is not a solicitation to buy or sell.
It seems like this counter is zzzZZZZZ and nobody want to talk about it....just try to create some interest lor.....
Guess not much blogs on this counter lately. Just sold part of my shares using cash at 0.035 cents.
I do not see much movement till the electronic industry picks up however if it drops again at 0.02 to 0.25 cents i would contd. to accumulate more.
This counter at one time was trading around 18 cents to 20 cents during good times, some of my cpf money is stuck at this counter waited to long to unload and now too late
regards
ezy
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BBs playing this liao .....
No horse run already .....
Going to be a super cheong king liao .....
Vested, anyone knows why today suddenly cheong? Pre-open saw a large sell order of 2000 lots at 0.135 and 800 lots at 0.13, den also saw buy order of 1000 lots at 0.13
Too bad I missed the queue at 0.105. Surprisingly, it's performing well. Guess people have faith with the management.
Another strong technicals ?
sub holder letting go their share in June 07 and financial report for 6 month in 2007 ended in negative of 4295K comparable to profit of 10045K. No doubt the ceo said it business will be profitable in 2H of 07 but yet to be seem. If it is profitable as what the ceo claim, the profit will not be fantastic. One thing good about this company is they issue yearly dividend compared to other company. Can buy this share and keep for long term investment.
Tech stock. may be one the rally pennies after the stock correction as tech stock usually rally during yr end. Provided we still on market uptrend.
Vested as it was given free for holding eurotronics.
I heard from my friend that PCB leadtime is surprisingly short (2~4 weeks). Production ramp for christmas start august (also called a Christmas Run). Leadtime is usually 4~8 weeks.
Look at MP3 player and mobile phone global sale number because Eucon specialized in a type of PCB called the blind via PCB, this is their high margin low volume product line.
any comments on tis counter? price quite low now..
Hi everyone,
This stock appears to be cheap now. Went to Investfair on Saturday and managed to meet up with the company's people.
Understands that first half loss 4m., but management said FY07 would be profitable. Saw the company's profile and found out it is a discount to NTA of $0.1488.
Vested.
15 jun price spike came after previous day announcement of plan in working with HongTa Innovation (a sub of a HongTa, conglomerate in China) to restructure and potentailly list it's PRC PBC drilling subsidiaries.
But looking at Q12007 results, it's quite disapointing with Rev -9% and Gross Profit -78%. Reason being the cont weak demand for laser drillling in Taiwan operations.
Is the current weak laser drilling demand going to be cont? Any industry expert can comment on this?
Looking at the current bull market sentiment, it's likely that pp will focus more on it's potential spinoff of sub in PRC.
PE 7 is based on last year results. Q4 results drop 85% yoy. Latest Q1 results in red.
Current PCB leadtimes (worldwide) is 2~4 weeks. (4~8 week = normal, 8~16 week = tight )
This stock is name the miracle penny stock of 2006 by some stock columnist. Why ? go from 6.5cts to 35++ in less than 6 months.
hmmm... but whats so bad abt eucon fundamentally?... todays huge volume + buyups means something right?
PE=7, consistent revenue and profit growth... EPS abt 2cents... 2nd half of year shd see tech stocks rebound till Xmas period... seems not bad leh...
Hi guys don't bother to look at this counter for now and mid term. As u can see from the sgx annou. even the parent co. Europtronic has been dumping eucon shares for a long time. The first quater results are anything to go by, surely u will not buy this counter. There are many others to go and buy which are on sale.
Thanks singaporegal and winsontkl, i will look out for the best chance to enter.
Singaporegal, you are most right, low price doesn't mean cheap and high price doesn't mean expensive....need to look at its FA, prospect and sentiment.