Gems TV   

Sparkling gemstones

if i nt wrong, dat report is by cimb..

 

Thanks Yongjiu.BTW, whos report it is?

 

8 June 2007
Gem TV Holding Limited  (GEMS SP / GEMS.SI, OUTPERFORM - Upgraded, S$0.69,
Target: S$1.32)
Company update - Looking beyond FY08 for growth
by Kasem Prunratanamala

We believe Gems TV will be able to address lingering issues over the next
few quarters. We are cautiously positive on the outlook for FY09, as
reflected in our below-consensus estimates. With almost a debt-free balance
sheet and strong net cash, Gems TV is well-placed to grow organically over
the next two years. Even though our FY08 EPS estimate has been cut by 34%
to US$0.03, we raise our target price to S$1.32 from S$1.25. Our new target
is based on 15x CY09 P/E and 7x CY09 EV/EBITDA vs. 23x CY08 P/E and 12x
CY08 EV/EBITDA previously. We apply a 20% discount to average peer
valuations to reflect Gems TV's relatively short track record. The stock is
trading at 7x CY09 P/E and EV/EBITDA, while offering a FY07-09 EPS CAGR of
98% vs. the peer average of 23%. Upgrade to Outperform from Neutral. (See
attached file: GemsTV-080607.pdf)

 

TP 80 cents by JP morgen!

 

The emphasis here is for the next two quarters is NO SHOWs

Gems TV's performance over the next two quarters -- presence of a new competitor

in the UK, margin compression due to higher selling costs and higher

outsourcing, (and) higher startup costs for its launch into the US and entry

into Japan/China

come back later or when the price is attractive enough.

 

Actually i myself bought this share at $0.98(20lots), now still holding, what to do we must trust the expert because nowadays bbs all follow them,that's why this stock is now $0.675.

 

Chinkiasu...

You are just being rational with the facts.

Rationality with the facts is absolutely a must to avoid disappointment...


But unfortunately, in this world, people need to believe in something, no matter what it is...

as long as there's something or someone to believe in, they'll be happy... :)

 

ha ha Ipunter....  actually there is one thing I am absolutely very sure of .... never trust JP Morgan, Credit Suissiy et al...

well the future for this stock is quite bleak for the moment....

 

Chinkiasu...

Can't blame you for using such superduper language (expletives?) ...

This goes to show the accuracy of such analysts is thinner than thin ice...

But actually... to be fair... 

No one, yes, absolutely no one,  knows the future... :)  

 

alamak ghiau935... would you still believe in this KNNCCB Joh Pai Mohgan??  they have lost all credibility.. they were the first to promote then first to sell now what are they trying to do, con us again ??????

 

BROKER CALL - Singapore-listed Gems TV target price cut to 0.80 sgd - JP Morgan      6/7/2007 12:54:00 PM
SINGAPORE (XFN-ASIA) - JP Morgan has slashed its target price for Gems TV Holdings Ltd to 0.80 sgd from 1.75 and lowered its earnings forecasts for the jewelry maker. "We believe that there are three major factors which will continue to affect Gems TV's performance over the next two quarters -- presence of a new competitor in the UK, margin compression due to higher selling costs and higher outsourcing, (and) higher startup costs for its launch into the US and entry into Japan/China," JP Morgan said in a client note. The brokerage has cut its earnings forecasts for Gems TV by 41-53 pct for the year to June 2007-2009. It now expects Gems TV's net profit to fall to 6.6 mln usd in the current year ending this month from 28.8 mln in the previous year, before growing to 21.1 mln next fiscal year, and 35.3 mln in the following year. "We believe in the long-term growth story in Gems TV with its highly scalable business model," said JP Morgan which is maintaining its "overweight" rating for the stock. At the end of the morning session, Gems TV was up 0.015 sgd or 2.22 pct at 0.69 on volume of 7.86 mln shares. (1 usd = 1.52 sgd) yuinmunn.szetoh@xfn.com MMMM

 

Haha ! That is Warren Buffett in Singlish ....not bad !

Be careful, stock is cheap for a good reason and if you don't know the reason, it maybe more costly than you think. If you're unsure, do nothing - it is better to regret later! Cheers!

 

Sarahlkh... So I see you are the type who... "buy cheap-cheap, hold long-long then sell high-high"... :)

 

sarahlkh, good luck....

 

hi ipunter, anything that is cheap interest me :P but still waiting

 

This stock fell from a high of 1.83 at end-March to the present price of 0.67...

all within 2 months...


And I am sure many have been buying it all the way down from the high cos it's cheap.

Some who loved this stock might have averaged down too...

This is a very sad stock to play.

It may lie on the floor like a tired snake at the current level...

there waiting, waiting for a brighter day... 

 

As I mentioned earlier, there will be some rebound but it might not have any upside potential

 

I agree with ten4one on that... :)

 

Unfortunately opportunity is not equal to risk and may not necessary be risky. Some risks could be managed and some have to be avoided at all costs. It is very foolish trying to catch a  falling knife.I'd rather let it falls to the ground and pick it up without risking losing my fingers. Let the 'damage-controlled' mode settled and then decide whether to place your bet. No point trying to hit a virtual target! Cheers! 

 

 

 

 

Sarahlkh...

You love this stock and is waiting to get in at a good price?