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Exchange: SGX
Stock: IPC Corp(I12)
Signal: Bullish MACD Crossover
Last Done: $0.157
Nikkei up 3% today.. IPC hardly moved an inch in the same direction..
Asia Stocks Rise for Fourth Day as Japan?s Topix Advances on Yen
Japan?s top-listed companies doubled earnings last quarter from a year earlier, with profit rising 103 percent and beating analysts? estimates by 16 percent, the most in two years, data compiled by Bloomberg show. Companies topping estimates range from Toyota Motor Corp. and Sony Corp. to Shiseido Co. and Kobe Steel Ltd.
Even after falling for the past three months, the Topix index is still up 32 percent this year through yesterday, retaining Japan?s position as the world?s best-performing developed equity market. The measure has risen amid optimism Prime Minister Shinzo Abe will push through reforms while the Bank of Japan provides record stimulus in a bid to ignite a recovery in Asia?s second-largest economy.
Look at the impact Abenomics is doing to Japan, investors flocking to Japan to buy property..which bodes well for IPC as they are selling Japan condos... gd foresight on the management team..
Commercial property prices rise due to Abenomics, bodes well for IPC too as they have hotel chains in japan.. appreciation of their hotel assets ..
Gd Luck DYODD
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Property Transactions in Japan Jump 50% on Abenomics, JLL Says
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just my analysis on IPC latest results:
1. Gross profit
The increase in gross profit for the 2
this shows that the hotels are contributing to net profit
3. Other gains and (losses), net
Other gains for the 2
Their hotel assets in Japan are gaining in value due to Abenomics (revival of Japan with target inflation of 2%)
Group
Company
30 Jun 2013
31 Dec 2012
Audited
30 Jun 2013
31 Dec 2012
Audited
Net asset value per ordinary share based on the total number of issued shares excluding treasury shares at the end of the financial period/year:-
20.48 cents
20.64 cents
22.11 cents
21.30 cents
Group sales increased to S$23.687 million for the 2
The increase in sales of Q2 FY2013 vs Q2 FY2012 was attributed to the followings from Japan:
i) completed apartment units (Oppama project) available for sale in Q2 FY2013
ii) contribution from the fifth business hotel – nest HOTEL Kumamoto and sixth business hotel – Resol HOTEL Sapporo, where completion of purchase were in Q4 FY2012 and
Iii) contribution from the seventh business hotel, nest HOTEL Sapporo ekimae, where completion of purchase was on 1
Correspondingly, gross profit has increased by 118.3% to S$3.685 million as compared to S$1.688 million of the same quarter last year.
The Group’s other gains of S$4.772 million were mainly attributed to unrealised foreign exchange gains of S$2.392 million resulting from the weakening of exchange rate of Japanese Yen against Singapore dollars on the Group’s Japanese Yen loans, gains of S$2.303 million from the revaluation of investment property in Japan and other gains.
The gross profit of S$3.685 million coupled with other gains and other income have resulted a Group profit before tax of S$6.264 million and an after-tax profit of S$5.555 million for the 2
Sales increased 10 fold from $2m to $20m
The main highlight for the quarter under review was the purchase of the eighth business hotel in Naha, Okinawa, in Japan. The hotel is currently being operated under the name of Okinawa Port Hotel (" Okinawa Hotel" ). Completion of the purchase and delivery of the hotel to the Company was on 1 July 2013. The Okinawa Hotel, a 10-storey building with 193 guest rooms, is leased to Nest HOTEL Japan Corporation (" NHJ" ) with a fixed term and shall be renamed as " nest HOTEL naha" at a later date.
For the current Q3, sales are ongoing for the completed units from the Oppama project.
The Group is working towards the completion of condominium project in Oiso, Japan by Q4 FY2013.
Concurrently, work is in progress to furnish a boutique hotel under its own brand, Grand nest, in Zhuhai, PRC of over 200 rooms and completion is expected to be in Q4 FY2013.
The Group is continuously seeking and evaluating opportunities to expand its hotel portfolio in Japan, China and other countries.
More development to come in the future..
gd luck dyoddnd quarter ended 30 June 2013 when compared to S$2.517 million recorded for the same period of the previous year. The sales for Q2 FY2013 were mainly derived from income of business hotels in Japan and sales of completed apartment units in Oppama, Japan. st May 2013. nd quarter ended 30 June 2013. nd quarter ended 2013 were mainly contributed by increase in unrealised foreign exchange gains, net (refer to Note 8) and fair value gain on asset revaluation on the investment property acquired in Japan in the period under review
congrats to us!.. i invested very cheap..way before the rights issue..
so sitting on fat profits..
looking at higher price now that the hotel assets are bringing in the income..
gd luck dyodd
ozone2002 ( Date: 01-Aug-2013 09:28) Posted:
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Exchange: SGX
Stock: IPC Corp(I12)
Signal: Resistance - Breakout with High Volume
Last Done: $0.171
+0.0050 ozone2002 ( Date: 01-Aug-2013 08:54) Posted:
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$5.5 m profit back in the black..their hotel assests showing results :) gd luck dyodd
Company Results
S/NCompany NameQ/HY/FYCurrency UnitsRevenueNet Profit
CurrentPreviousChange (%)CurrentPreviousChange (%)
4IPC 2Q S$ mn 23.7 2.5 841.1 5.5 (1.1) Nm
i noticed there's always a pullback after reaching close to 17c..
should try at low 16c to trade the spread..
gd luck dyodd
vested at 0.167 than find out it is at it's peak dun know still can chiong somemore or not ...............hopefully tomorrow trading halt than good news.........imagine............
Last:0.167 Vol:12595k
+0.0040
13 million done so far..
not sure whats going on..
gd luck dyodd
Last:0.163 Vol:1030k - was @ low 16.2 just now ..
now ballooned to 16.7 @ 3 million done..wow..
gd luck dyodd
back down again.. following the trading pattern between 15-17c
Last:0.163 Vol:532k
-0.0020 ozone2002 ( Date: 17-Jul-2013 11:14) Posted:
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Last:0.169 Vol:15663k
+0.0020
15 mil done in 15 mins..something is up..
gd luck dyodd