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Spotlight on Nippecraft Limited - Has upside potential At a glance
We expect the stock?s rally to continue as its indicators are still positive........ The stock?s LT uptrend is now on its way after it broke out of its ascending triangle earlier in April. The stock also tested its breakout support in May and the support held out well. We expect this rally to continue into the coming weeks if not months towards the S$0.29-0.30. Its weekly indicators are rising in a steady manner, indicating that buying momentum is slowly picking up.
Both MACD and RSI are positive Both MACD and RSI are progressing Bullish breakout Rallying off its breakout support level
Source: CIMB/CIMB-GK Research, Bloomberg
I'll have a frothy bitter, please.... hehe... 
Ring the bell!!! Drinks all round.........Happy Hour is here!!
looks like 20c target is possible this week, cheers to all the supporters.
Saw a picture of that Adrian Pang of TV in the papers yesterday...
couldn't help smiling immediately... great comedian that Adrian... 
worth the wait! =) cheers =)
Kantang Commander Vic,
Good to hear from you. Yes, we will overcome...............and emerge stronger with greater wisdom.
the charts seem to point towards a greater climb
jm2212 & adrianpang05, today's surge with huge volume looks good to me. I think the market starts to reckon its value now.
Nippecraft, Nippecraft, sleep no more. Arise, awake, reach for the sky.............and more!!!!! keke
Hi Tinyant, i was tempted to take profit at 0.16 since that was already a handsome return for me, luckily i didn't do so as i see there is potential further upside on this stock..... i've been very patience with this stock, started collection since 1 year ago and i believe it is worth while waiting. hopefully to see it reaches 0.20 next week.
jm2212, you are right, there is some interest in this counter today.
Good !! break record.
jm2212, thanks for providing this information. Actually I prefer to see its earnings keep increasing than to have its number of shares increased, because when its earnings keep increasing against the same number of shares, it is creating more value to the existing shareholders.
Hi Tinyant, good summary on this stock. my feel is that this stock is not liquid enough, may be some placement of shares will help to increase the float and stir some interest. if you will to look at last year's financial report, people with less than 1mil shares are on the top 20 major share holder list too.
Nippecraft Background
The Company was incorporated on 29 December 1977 under the name Eufex Electronics (S) Pte Ltd. This was changed to Eufex Industries Pte Ltd on 25 February 1978, Datacraft Pte Ltd on 1 April 1978 and Nippecraft Pte Ltd on 31 March 1979. On 17 March 1994, the Company took on its present name in preparation for the public offer. The Group is principally engaged in the design, manufacture and distribution of paper-based diaries, organisers and related products such as refills and accessories, telephone address books, notepads, business card holders and guest books.
In 1999, it started trading in general office and stationery products.
Its immediate holding company is APP Printing (Hldg) Pte Ltd, a company incorporated in Singapore and listed on the New York Stock Exchange. Its ultimate holding company is APP Global Ltd, a company incorporated in the British Virgin Islands.
Financials Quick Review
From FY2004 onwards, its sales and revenues has been improving, while its net profit is on uptrend too. Looking at its EPS, it registered a steady improvement. A even more encouraging fact is its Free Cash Flow is piling up from 6.9 million to 13.53 million. It's basically a cash-rich company that we are looking at. When we look at it's ROE, it too shows a steady climb from 6.2% to 7.07%.
On debt side, it displayed a progressive improvement in its current ratio from 1.55 to 1.76, from 2004 to 2006. Long-term Debt to Equity ratio had also improved - from 5.9% in 2005 down to 5.3% in 2006.
Businesss Outlook
The company's key market will continue to be in North America, Europe and Australia and has been experiencing strong growth in the North America market for FY2006 and will expect it to be the company's major growth region for FY2007.
On 23rd May 2007, the company announced that it has secured an estimated US$23 million worth of office paper products deal for 2nd Quater 2007 and expects that it to have a positive impact on the company's group earnings.
On the cost side, the company's main concern is the higher raw material costs but it is mitigating some of the cost increase through better operation efficiency, negotiation and strengthening the relationship with their vendors and more importantly, to pass on some of the cost to their customers.
Tinyant's Intrinsic Value on Nippecraft
Based on 2004, 2005 and 2006 performance, my personal target for this stock based on DCF is about S$0.37.
Feedback
Feedback and counter views are welcome.