CNA   

CNA

Report from DMG.

CNA is a specialist in the provision, design, implementation and maintenance of integrated control and automation systems and IT solutions that enable intelligent buildings and facilities. Just a brief recap on CNA’s 1Q08 results - revenue was up 133.8% YoY reaching $20.4m and PATMI was $1.8m, up from $83,000 a year ago. EPS was 0.93 cent, up from 0.05 cent a year ago.

Going forward, CNA’s focus would be on expanding in overseas markets such as China, Middle East and India, where opportunities for expanding their control and automation business continue to be plentiful. Earlier in March this year, CNA announced that a consortium involving their Dubai-based subsidiaries was awarded to design, build and implement a customized mechanical, electrical and plumbing system for the Nad Al Sheba Racecourse in Dubai. The project is valued at a contract size of US$110m and is expected to be completed by 31 Oct 2009. This project propelled CNA into the hundred million dollar project category and has enabled the company to establish a credible track record that paves the way for future business opportunities in the Middle East. In FY07, Middle East contributed 20.3% of the Group’s revenue, almost doubling from 10.3% in FY06.

At $0.35, CNA is currently trading at 7.61x FY08 P/E (based on consensus estimates). We do not have a rating on this stock currently.

 

CNA's net profit increases 2000% to $1.8million for 1Q!!!

http://cnagroup.listedcompany.com/newsroom/20080513_175006_5GC_977111B56300AD3848257448002CD1BE.1.pdf

 

CWH order book soars to RMB348million! 12 new projects sealed.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D30ABA2A44A98DD348257440003D9714/$file/CWHOrderbook5May2008.pdf?openelement

 

SGX-listed CNA Secures Multiple Control

& Automation Projects in China Worth

RMB60 Million; Increasing China Order

Book to RMB142 Million

 

Thought the stock went up by 9+% when the broad market is down.  Quite an achievement in an overly bearish market.

 

Today's news release of winning contract in Dubai racecourse failed to lift it higher.

 

MEDIA RELEASE CNA Posts S$9.0 Million Net Profit For FY2007 On Continued Expansion In China And The Middle East And Higher Margins FY2007 revenue growth mainly buoyed by strong contributions from China and the Middle East Focused on bottomline expansion, Group takes on more turnkey projects in these markets; gross margin rises to 22.6%; net margin also up to 12.7% 49.9%-held China Water contributes S$6.5 million; up sharply from S$4.3 million earlier Group proposes a first and final dividend of 1.25 S cent (tax exempt one-tier) Moving forward, CNA will continue to further expand its C&A business in existing and new markets, diversify into related businesses to enlarge geographical footprint and achieve synergistic benefits.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9760DD3DBEABE678482573FE003AF647/$file/CNAFY2007pressrelease.pdf?openelement

 

SINGAPORE

(?CNA? or ?the Group?

and facilities, announced today that it is accelerating growth plans to ramp up

its strategic focus on developing its control and automation (?C&A?) business

in the Middle East and India.

In implementing this objective of overseas expansion, CNA has initiated two

important deals that would further strengthen its penetration into these two

markets.

With regard to its Middle East expansion, the Group has signed a non-binding

letter of intent (?LoI?) through its Dubai-based subsidiary, CNA Integrated

Technologies LLC (?CNA IT?) to acquire a 26% stake in US-based American

Auto-Matrix (?AAM?),? 21 January 2008 ? SGX Mainboard-listed CNA Group Ltd.), an award-winning enabler of intelligent buildings

 

CNA Group Ltd (the ?Company?) wishes to announce that it has formed a new subsidiary, CNA International ? Oman L.L.C., under the laws of Oman (?CNA-Oman?), with an issued share capital of Omani Rials (RO) 250,000 (equivalent to approximately S$1,000,000). CNA Integrated Technologies L.L.C. has an interest in approximately 51% of the share capital of CNA-Oman. The remaining shareholders are KBK Dubai Contracting L.L.C. (?KBK?), Sheikh Abdul Khaliq bin Amir bin Mansoor Al Rawas and Mohammad Hanif, holding interests of approximately 11%, 30% and 8% respectively of the share capital of CNA-Oman. CNA-Oman is expected to be engaged in the provision, design and implementation of integrated and automation systems for buildings and infrastructural facilities in Oman. KBK is a company in which Bintai Kinden Corporation Berhad (?Bintai?), a company listed on the mainboard of Bursa Malaysia, has a 49% interest. Dato' Ang Liang Kim, an Executive Director of Bintai, is the brother of Mr Michael Ong Liang Huat, the President and Chief Executive Officer of the Company. Save as disclosed, none of the Directors of the Company and to the knowledge of the Directors, none of the controlling shareholders of the Company, has any interest, direct or indirect, in CNA-Oman. By order of the board of CNA Group Ltd. Lun Chee Leong Joint Company Secretary 27 December 2007

 

SGX-listed CNA?s Control & Automation Business Continues Its Growth

Momentum; Secures RMB75 Million Worth Of Prestigious Projects In China

 

CNA, CISCO and Panduit Help Builders in PRC

Enhance the Value of Real Estate

Connected building solutions will help real estate developers and managers lower cost

and generate new revenue streams by consolidating multiple building control systems

onto one physical network

Singapore ? November 14 2007 ? CNA Group Ltd. (?CNA?), a building automation specialist,

Cisco Systems Inc. (?Cisco?), a global leader in networking, and Panduit Corporation

(?Panduit?), a global leader in network and electrical wiring solutions, today announced the

official launch of Digital Land, Asia?s first-ever connected building ?experience centre? in

Qingdao, PRC. Digital Land will be an incubator for concepts and ideas that have the

commercial potential for connected buildings of the future.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4989F0AFBC57CFAC482573930017D952/$file/Ann141107.pdf?openelement

 

is the deal with al hani sewn up? anyone knows

 

Buying chance at below 0.47 again.

 

Went up too fast to closed at 0.525 today. Didn't get at 0.48. Will wait for next drop. Problem with POEM only allow 6 bids lower than closing price. Can't even Q at 0.48 now.

 

Will Q at 0.48. Should be able to pick some on Monday because DOW dropped alot.

 

If you had dropped this counter on 10th Oct, maybe can buy back when it drops abit more. I waiting for 0.48. Wondering when they listing China Water Holding.

 

Look like this counter isn't so great after all. Time to drop it.

 

Price going up. Volume up. Company with great plan for the future. I won't sell below 0.6. The director sold on 5 Jul 2007 at about 0.61.

 

DJ MARKET TALK: CNA May Edge Up On Stake Buy Of Dubai Co

0051 GMT [Dow Jones] CNA Group (5GC.SG) may rise on hopes of improved earnings prospects as firm buys majority stake in Dubai-based Al Hani Gulf Contracting for AED17 million, ranking it among leaders in Middle East's mechanical, electrical, plumbing market. As purchase of 50% plus-1-share stake will be made by CNA's Dubai unit, CNA will end up with indirect 25% stake in Al Hani, which has secured AED40 million worth of contracts in Dubai over last few months. CNA plans to boost manpower in Middle East by more than 200 technical staff to target larger projects post-acquisition. CNA ventured in Middle East in 2006; most recent deal was JV with Saudi Economic & Development Co. to take on projects in region. Stock +7.1% at S$0.53 yesterday. Pre-open quotes show bids of up to S$0.55, offers mostly at S$0.58. (FKH)

 

Four days closing higher from 0.46 to 0.495. This counter is good.