Swing Media Tech   

Its show time !!!!!

just found out its risktaker who started this thread.

risktaker is good.

how does someone know all that stuff?

 

ya. how weird.  no news yet it just keeps going up.

anyway, the undervalued story plays out too. nav is hkd2.84

2.84 / 7 = sgd0.46. i know some of u will argue tt 7 is too much but its just for illustrative purposes. better to be conservative anyway. margin for error.

leaves quite a lot of room to go.

caveat here is tt, its a tech co. so its assets value is hard to assess. maybe higher mayber lower.

profitable but it still has negative fcf. expected of a growing co

 

Swing media tomorrow will open at 0.16 I think... then all the way to 0.19

 

NICE swing up

 

Different analysts will give you different target price. But what is important here is that the countries are now going for a green environment and solar power is one energy source where the gov can tap.

 

DMG analyst call for a sell on GEO energy tgt price 0.34.....now GEO 0.61....u decide whether good or not lor....

 

[quote]

DMG reiterated its buy recommendation for this stock on 21 Nov 2012 with a target price of 24 cts.  [/quote]

Although the TP set by DMG was 24 cents, it has not even smelled 20 cents sin Nov last year. The DMG analyst is good or not good ah

 

Two more weeks to huat for a prosperous CNY.

 

Can we see 20 cents then?    :) :)

tipper      ( Date: 25-Jan-2013 22:25) Posted: 0.25 is still a long way to go. Maybe end of the year then can achieve this target. risktaker      ( Date: 02-Jan-2013 23:32) Posted: I say target price 0.25 .....min.... u believed?  :)  some BB will wack this very soon.....

 

0.25 is still a long way to go. Maybe end of the year then can achieve this target.

risktaker      ( Date: 02-Jan-2013 23:32) Posted: I say target price 0.25 .....min.... u believed?  :)  some BB will wack this very soon.....

 

Its going to be showtime for SM.  The company has made the right decision to go into  solar power and the solar panel installation contract with PetroChina is going to make SM profitable for the next couple of years. 

 

Currently Swing media is trading way below its NAV. Will the price still move up nearer to CNY?

 

A dividend paying stock even in difficult economy.. ...

josephyeo      ( Date: 16-Jan-2013 02:46) Posted: Since the posting on 03 Jan 2013, the price has gone up by almost 30%. I am vested and am still holding as this company top n bottom line has been improving for the last 3 years. A company w improving bottom n top line certainly command a reasonable forward p/e. Another point is that it's still trading at far below iot's nav of 44.7cts. josephyeo      ( Date: 03-Jan-2013 10:15) Posted: I like Swing Media for the following reasons : 1. closing price on 31st dec was 10.1 cts. Its nav is       44.7 cts. Its trading at only 22.5% of its nav. 2. despite the tough economic environment in the         last few years, the company has been able to         improve its top n bottom line. FY 2010 revenue : S$126 mil   profit : S$6.82 mil FY 2011 revenue : S$133 mil   profit : S$ 7.6 mil FY 2012 revenue : S$136.7 mil   profit : S$ 8.3 mil   1/2 year 2013 (apr to sept 2012): revenue : S$69.7 profit : S$5.2 mil. If we use a straight line projection the full year profit would be S$10.4 mil. The key point here is that the company has been consistently profitable in the last few years despite the difficult economic environment. 3. based on current price of 10.1 cts it is trading on a  p/e of 4.6 and is capitalised at S$37.6 mil. If the projected profit of S$10.4 mil is correct the p/e would be only 3.6. A company w growth in top n bottom lines trading at a p/e of 3.6 is certainly under-valued. 4. closing price on 31st dec was 10.1 cts.  the 52 weeks low was 9 cts and high is 13.4 cts. Its trading slightly above 10% of the historical low thereby implying that the risk in investing in this company is low. 5. company has consistently declared dividend in  the last few years. Dividend declared for financial year 2012 was 0.19 cts which give a dividend yield of 1.9% based on closing price of 10.1 cts. 6. management seems quite bullish on their  business prospects. I quote some from their latest management comments : i) looking ahead, business conditions are improving slightly as the group  benefits from industry consolidation, ii) the group also expects to reap rewards from its cost optimisation and increased marketing efforts, iii) the group believes that its core products DVD-Rs and CD-Rs will remain in demand .. Iv) The group also expects increased demand for dual layer DVD-Rs and BD-Rs (blue ray discs) and  v) the group has already booked the income from the  five previously completed systems… its China subsidiary has secured another 200 solar-powered energy systems order from PetroChina petrol stattions. This brings the group's portfolio of such systems to 300 which is expected to generate an estimated profit of RMB 30  million over the next two years. 7. Notes on the company : a. the company was listed on the 1st feb 2002 b. its IPO price was 70 cts per share c. its operations are headquartered in Hongkong with manufacturing facilities in Hongkong, China n  Taiwan. For more details, pls read up on the company. Above are just my views and ways of looking at things. Its not intended to ask you to buy or sell. You are advise  to do your own diligent before you make a decision. Based on the above I like the counter and am heavily vested. I wish all of you all the best.

 

Since the posting on 03 Jan 2013, the price has gone up by almost 30%.

I am vested and am still holding as this company top n bottom line has been improving for the

last 3 years. A company w improving bottom n top line certainly command a reasonable

forward p/e.

Another point is that it's still trading at far below iot's nav of 44.7cts.

josephyeo      ( Date: 03-Jan-2013 10:15) Posted: I like Swing Media for the following reasons : 1. closing price on 31st dec was 10.1 cts. Its nav is       44.7 cts. Its trading at only 22.5% of its nav. 2. despite the tough economic environment in the         last few years, the company has been able to         improve its top n bottom line. FY 2010 revenue : S$126 mil   profit : S$6.82 mil FY 2011 revenue : S$133 mil   profit : S$ 7.6 mil FY 2012 revenue : S$136.7 mil   profit : S$ 8.3 mil   1/2 year 2013 (apr to sept 2012): revenue : S$69.7 profit : S$5.2 mil. If we use a straight line projection the full year profit would be S$10.4 mil. The key point here is that the company has been consistently profitable in the last few years despite the difficult economic environment. 3. based on current price of 10.1 cts it is trading on a  p/e of 4.6 and is capitalised at S$37.6 mil. If the projected profit of S$10.4 mil is correct the p/e would be only 3.6. A company w growth in top n bottom lines trading at a p/e of 3.6 is certainly under-valued. 4. closing price on 31st dec was 10.1 cts.  the 52 weeks low was 9 cts and high is 13.4 cts. Its trading slightly above 10% of the historical low thereby implying that the risk in investing in this company is low. 5. company has consistently declared dividend in  the last few years. Dividend declared for financial year 2012 was 0.19 cts which give a dividend yield of 1.9% based on closing price of 10.1 cts. 6. management seems quite bullish on their  business prospects. I quote some from their latest management comments : i) looking ahead, business conditions are improving slightly as the group  benefits from industry consolidation, ii) the group also expects to reap rewards from its cost optimisation and increased marketing efforts, iii) the group believes that its core products DVD-Rs and CD-Rs will remain in demand .. Iv) The group also expects increased demand for dual layer DVD-Rs and BD-Rs (blue ray discs) and  v) the group has already booked the income from the  five previously completed systems… its China subsidiary has secured another 200 solar-powered energy systems order from PetroChina petrol stattions. This brings the group's portfolio of such systems to 300 which is expected to generate an estimated profit of RMB 30  million over the next two years. 7. Notes on the company : a. the company was listed on the 1st feb 2002 b. its IPO price was 70 cts per share c. its operations are headquartered in Hongkong with manufacturing facilities in Hongkong, China n  Taiwan. For more details, pls read up on the company. Above are just my views and ways of looking at things. Its not intended to ask you to buy or sell. You are advise  to do your own diligent before you make a decision. Based on the above I like the counter and am heavily vested. I wish all of you all the best.

 

yeap.. smells good ..

 

Will consolidate for a while.....then leg up.... may see 0.15.....

simply_ek      ( Date: 15-Jan-2013 17:12) Posted: Yes agreed... personally i think a TP of 0.175 is quite reasonable. Anyone know why there was so much volume in the past few days? Machoman      ( Date: 15-Jan-2013 15:17) Posted: Something good is brewing... . Is a super undervalue stock..  Current price is still far from reasonable level.. .

 

Yes agreed... personally i think a TP of 0.175 is quite reasonable. Anyone know why there was so much volume in the past few days?

Machoman      ( Date: 15-Jan-2013 15:17) Posted: Something good is brewing... . Is a super undervalue stock..  Current price is still far from reasonable level.. . medivh      ( Date: 15-Jan-2013 09:19) Posted: If I know, I will be a billionaire by now..  just put stop loss for whatever price u bought

 

Something good is brewing... . Is a super undervalue stock..  Current price is still far from reasonable level.. .

medivh      ( Date: 15-Jan-2013 09:19) Posted: If I know, I will be a billionaire by now..  just put stop loss for whatever price u bought. NICHOLASCHUA      ( Date: 15-Jan-2013 09:17) Posted: How high will this go

 

If I know, I will be a billionaire by now..  just put stop loss for whatever price u bought.

NICHOLASCHUA      ( Date: 15-Jan-2013 09:17) Posted: How high will this go? medivh      ( Date: 15-Jan-2013 08:50) Posted: This one going to CHIONG up today.... Nice call risk~ (" ,)

 

How high will this go?

medivh      ( Date: 15-Jan-2013 08:50) Posted: This one going to CHIONG up today.... Nice call risk~ (" ,)