Sinotel Technolo Rg   

Sinotel IPO

Phillip Securities Research 17 September 2009

Sinotel Technologies Limited
ADR gets the heads-up from US S.E.C.

Maintain BUY call at fair value estimate of S$0.93.
The initial step to this ADR facility has been achieved i.e. approval of the ADR facility. The next step would be
establishing a market maker before US investors can start trading the ADR. We maintain our view that the completion
of the ADR facility from approval to initial US trades should serve as a significant catalyst and maintain our BUY call with target
price remaining at S$0.93. We will be monitoring the development of the ADR facility closely and issue updates as and when appropriate.

 

starlene wrote:

Sinotel Technologies, Ltd. to Present at the Rodman & Renshaw Annual Global Investment Conference on September 11th at 8:45am ET Press Release Source: Sinotel Technologies On Wednesday September 2, 2009, 9:00 am EDT BEIJING, Sept. 2 /PRNewswire-Asia/ -- Sinotel Technologies, Ltd. (Singapore Exchange: D3W) ("Sinotel" or "the Company"), an installer of wireless telecommunications infrastructure and related technologies, today announced that it will present at the Rodman & Renshaw Annual Global Investment Conference, to be held September 9-11, 2009, at the New York Palace Hotel in New York City. Ms. Fui Chu Lo, Chief Financial Officer, and Mr. Ben Ng, VP of Corporate Communications are scheduled to present at 8:45am ET on Friday, September 11th, 2009 and are available to host one-on-one meetings with conference attendees throughout the three-day event. Ms. Lo and Mr. Ng will discuss their products and services to meet the demand of China's rapidly-expanding 3G network, backlog of contracts, the Company's recent financial results, and Sinotel's long-term growth plans. Conference registration is mandatory. For more information on the conference, contact your Rodman & Renshaw representative or to register please visit http://www.rodmanandrenshaw.com . Sinotel will host meetings throughout the New York area September 8-11th. To request a meeting with the Company, please contact Mr. John Mattio of HC International at (914) 669-5340 or by email at john.mattio@hcinternational.net.

If you're keeping for long term, don need to be so kan chiong.
Investors sure make money.
Unless you're a contra player, then you can't do this as contra player is racing against time...


Yes holders for longer term will make $$$-just imagine the pte placement investors ,they have to pay when got the shares at 50.52cts not free one about 1/4% and when sell also brokerages incurred...u nlikley will take profits at 68cts-this level represent gd support..move up from 60.5cts liao



Sep 18, 2009 3:25 pm Post subject:

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On June 6 Ford Filed International Ltd which has 90,085,485mil Sinotel shares sold 5mil shares to some 3rd party...Sinotel is tightly held consider its scripts of only 280mil shares(exclude pte placement of 28mil shares)


Today's price at 68cts consider well supported since on Mon 14 Sept 97mil was done and today's being Fri and Mon is a public holiday and yet the share price holding well as contra players will be there to sell...good to accumulate on dip esp when the contra players cannot pay up...


at 68cts is just about 18cts above pte placement of 50.25cts and given its ADR status and ongoing roadshow in U.S,hence > upside is expected

 

Thanks starlene.   Good review on Sinotel at Next in Sight.  High potential it seems.     Bot some lots at 68cts, leveraging of course...   

starlene      ( Date: 16-Sep-2009 15:17) Posted: Last week was 60.5-63cts,until this monday  14 Sept suddenly shot up to high of  68cts and Tue went from 69.5cts to 72cts high..so now naturally profit taking especially for contra players or those who don't want to pick up..just be patient since the pte placement investors will nit be just contend with about 18cts capital gain(68-50.52cts),2- 3 months later will cross 90cts for Sinotel esp when the angmohs and US fund managers get acquainted with Sinotel as the road show is still on and ADR just approved on Monday 14Sept only...buy on dip beckleong      ( Date: 16-Sep-2009 14:00) Posted: thanks for the advice...   holding on first

 

Last week was 60.5-63cts,until this monday  14 Sept suddenly shot up to high of  68cts and Tue went from 69.5cts to 72cts high..so now naturally profit taking especially for contra players or those who don't want to pick up..just be patient since the pte placement investors will nit be just contend with about 18cts capital gain(68-50.52cts),2- 3 months later will cross 90cts for Sinotel esp when the angmohs and US fund managers get acquainted with Sinotel as the road show is still on and ADR just approved on Monday 14Sept only...buy on dip

beckleong      ( Date: 16-Sep-2009 14:00) Posted: thanks for the advice...   holding on first

 

thanks for the advice...   holding on first

 

Need to rest esp to let those contra players or unable to pick up to throw to buyers,uptrend still intact...pte placement investors satisifed with just 20cts capital gains only

beckleong      ( Date: 16-Sep-2009 10:25) Posted: trend over??

 

trend over??

 

Sinotel formed the double top formation this week , if it could not surge pass the peak with huge volume , the game may be over .

Bintang      ( Date: 16-Sep-2009 10:09) Posted: Investors could lock in profit if the gap opened today would cover later . amilytan      ( Date: 05-Sep-2009 22:45) Posted: so does it mean that the price will going down again next week?

 

Investors could lock in profit if the gap opened today would cover later .

amilytan      ( Date: 05-Sep-2009 22:45) Posted: so does it mean that the price will going down again next week?

 

Tue Sep 15, 2009 10:53 pm    Post subject:
happygolucky wrote: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9AAE46541A3D86E6482576320034AD15/$file/ADR_Approval.pdf?openelement Tmr Big cheong again. Congrats ,Sinotel admitted to ADR,every 1 ADR is equivqlent to 20 Sinotel shares-long term is definitely good for the co,matter of time will cross $1 or even more as Sinotel has only 308mil shares after including the recent 28mil placement shares at 50.502cts,downside limited upside the sky the limit Good to keep for the long term as 1H09 earnings was up on the back of 30.9%increase in revenue,expoential jump in profits with > contracts coming in esp the launch pad-after sealing the contract with China Mobile,will pave the way for for 3G services,AM Frasier and Philip Securities already target 92cts to $1.04

 

Sold off $2.80 to $2.88 100lots of Bukit Semb warrants even though DBS upgrade mother share to $6.05..switch > $ to Sinotel at 61cts to 65cts on Mon 14 Sept 2009

 

Today's due those contra players bail out,but long term still good.

For more on the scandal, here is a link to an article at the Corporate Governance & Financial Reporting Centre.

*****


Landmarks in China which Sinotel has equipped with its wireless solutions.

Sinotel Technologies: After a fantastic stock run, a substantial shareholder could not resist taking profit even though at the 60-cent level, the PE of Sinotel is still at a low 5-6X this year’s forecast earnings (according to AmFraser Securities and Kim Eng Securities).

Shortly after the sale by Andrew Barron Worden, the substantial shareholder, Sinotel announced a placement of 28 million shares at 50.52 cents apiece to raise working capital. This is going to be useful as it enables it to take on more jobs in China’s unprecedented multi-trillion-dollar 3G network rollout.

Interestingly, with the share placement, a new major shareholder looks set to come on board Sinotel.
Sinotel said the placement shares would be placed to investors which including Providence SOGF Limited, which holds a value-centric investment philosophy and specialises in late stage private equity and PIPE (private investment in public equity) transactions.

At its website, www.provequity.com, Providence says it is the world's leading private equity firm focused on media, entertainment, communications and information investments. It has US$22 billion of assets under management.

 

you mean that this counter need to hold till one year then up to $0.93? so long???

tkimcs      ( Date: 07-Sep-2009 22:54) Posted: AmFraser: Fair Value: $0.93, but holding period 12 months.

 

AmFraser: Fair Value: $0.93, but holding period 12 months.

 

Will this push the share price up?

"The Board of Directors (the "Board") of Sinotel Technologies Ltd. (the "Company"; together with its subsidiaries, the "Group") would like to announce that the Company has officially appointed the services of The Bank of New York Mellon (the "Bank") and Sichenzia Ross Friedman Ference LLP for the purpose of establishing an ADR Facility in the United States of America ("US"). Concurrently, the Board would like to announce that the Group has officially filed the Form F‐6 Registration Statement under the Securities Act of 1933 for Depositary Shares ("Form F‐6") with the U.S. Securities and Exchange Commission ("SEC") for the establishment of the ADR facility on 2 September 2009, New York time (3 September 2009, Singapore time). "

 

basing on DJ up 90+ on Fri nite, QFII relax, HSI surge..your guess?

 

so does it mean that the price will going down again next week?

 

 

Other potential placements

 

invest some in 0.61.   closing 0.62.  the seem the initial selling pressure is over. next wave could be on the up!!

 

 

Yes u're absolutely right,drop initially only,if U're investors,fear not if the counter got potential.

 

hyruga wrote:

How come trading is halted?

Genting with billions of sripts pte placement at 72cts saw it drop to low of 62cts and now rebounded to $1.13,so expect Sinotel with good potential and limited scripts of abouit $308mil add anothser 50cts to $1.10 beatinig Amfraser forecast of $1.04 rin next 3-6months..I am for it.


Listed in 2007 at 51ccts and first day closing was ab 62.5cts and Sinotel just started out with good potentials after be inialg bashed by global financial crisis to low of 11cts now to >60cts is a remarkable performance.

The mkt has taken not badly to the pte placement drop marginally to 61.5cts now from 63cts.

rpires      ( Date: 04-Sep-2009 14:49) Posted: base on previous share placement exercise such as swiber, ezra. the price will initial drop but will head back upwards after 2-3 trading days from day of announcement. no idea what is the good entry price. 0.056?