Kim Eng   

Kim Eng

This stock-broking counter dropped while the whole market "Cheong Aaarrrhhh!!!"?

How can this be?

 

What happen to Kim Eng ? Normally it trades slightly above $2 in few hundreds (<500) lot. Today dropped by 10c to 1.47 with around 750 lots traded.

 

Kim Eng Hldgs ___3 mths ended Sep 2009___ Net Profit (S$M)___ $32.98     QoQ    +1379%

 

1	Date of Purchases	10-09-2008
2a	Total number of shares purchased	100,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	100,000
3a	Price paid per share# or	Currency : S$   Amount : 1.28000	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 128,065.05	Currency : [Select Currency]   Amount :

Cumulative no. of shares purchased to-date 2

6,318,000

1.0829%

0

0

6,318,000

1.0829%

 

1.

Date of change of Deemed Interest

25-08-2008

2.

Name of Registered Holder

PETER ONG & CO PTE LTD

3.	Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase
	# Please specify details	Mr Ong is deemed to have an interest in the shares held by Peter Ong & Co Pte Ltd by virtue of Section 7 of the Companies Act, Cap. 50.

4.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change 2,537,800   As a percentage of issued share capital 0.439 %   No. of Shares which are subject of this notice 500,000   As a percentage of issued share capital 0.087 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.32192     No. of Shares held after the change 3,037,800   As a percentage of issued share capital 0.526 %

 

1	Date of Purchases	22-08-2008
2a	Total number of shares purchased	110,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	110,000
3a	Price paid per share# or	Currency : S$   Amount : 1.31000	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 144,173.24	Currency : [Select Currency]   Amount :

 

5&10MA are merging but low vol.
5-day MA is flattening out.
Seems like 1.3 is the support for the time being.
Lets wait for next few days and see if can commit some lots.

All the best.

 

1	Date of Purchases	21-08-2008
2a	Total number of shares purchased	110,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	110,000
3a	Price paid per share# or	Currency : S$   Amount : 1.31909	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 1.32000	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 1.31000	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 145,173.64	Currency : [Select Currency]   Amount :

 

1	Date of Purchases	20-08-2008
2a	Total number of shares purchased	500,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	500,000
3a	Price paid per share# or	Currency : S$   Amount : 1.30912	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 1.32000	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 1.29000	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 654,892.69	Currency : [Select Currency]   Amount :

 

Market is very bad so be careful. Don't put too many into it. don't be greedy, remember.


Elfin,
     What about GK Goh, comparing it to KE and UOBKH

 

PAT = profit after tax

 

Elfin, Thank you very much. What does PAT stand for ? At first, I also have the same idea that it is better for them to cancel rather to keep the share buy back in the treasury. Looks like it is Ok as they use them for as option for their employee instead of issung new shares to them. OCBC and SembMar are doing that.

 

hullo luostock, sorry for the delay in reply, had to go through their ARs: both coys have just released it: SGX website provides, for those who are interested.

Briefly:

NAV-wise, i prefer KE. NAV of 1.54, current px 1.31. KH's NAV is 1.26 while current px is 1.33. ie, KE is trading below NAV but KH is still above.

PAT is down 22.6% for KE but 63% for KH. Would be expected since KH has more prop traders i believe.

altho cashflow wise, KH is better; apparently their div yield is higher too, according to the ocbc website.

Unknown how the departure of Gloria Lee will affect them, if at all.

HLJHLJ is right tho: they're in a bad sector. so can just KIV. SGX is their weathervane: if SGX vol keeps going down, don't buy them. fyi, my initial target for ke was 126 (because that's the support). see if it breaks it or not.

go for the infrastructure-themed plays as livermore suggested if you want a real chance of growth upon first rebound. conceivable to do a cantilever: first into infrastructure, then when it goes up, to shift to the brokerage stocks for 2nd wave.

Note: all the above is talking long term view. Caveat applies as usual.

Actually, i'd prefer them to cancel the shares rather than keep it as treasury.

 

Wah, keep on share buy back !

1	Date of Purchases	19-08-2008
2a	Total number of shares purchased	300,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	300,000
3a	Price paid per share# or	Currency : S$   Amount : 1.33000	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 1.34000	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 1.32000	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 399,202.80	Currency : [Select Currency]   Amount :

 

Sorry, i kapo a bit. According to TA, still can wait.
note that beginning of Aug, a lot so sell down (high vol) which is not a good sign.

FA => stock broking is normally not very good during bear. Some even can go all the way to sub dollars. So be careful.
Howver if you want to speculate for a rebound, can try try but I won't as it is too risky.

 

Luostock      ( Date: 19-Aug-2008 16:50) Posted: Elfin, if I am not mistaken,you are waiting for Kim Eng. Can you compare Kim Eng with UOB-KH in terms of FA, TA and market sentiments ? Thanks

 

Elfin, if I am not mistaken,you are waiting for Kim Eng. Can you compare Kim Eng with UOB-KH in terms of FA, TA and market sentiments ? Thanks

 

1	Date of Purchases	18-08-2008
2a	Total number of shares purchased	45,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	45,000
3a	Price paid per share# or	Currency : S$   Amount : 1.34000	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 60,330.66	Currency : [Select Currency]   Amount

 

1	Date of Purchases	14-08-2008
2a	Total number of shares purchased	500,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	500,000
3a	Price paid per share# or	Currency : S$   Amount : 1.35000	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 675,343.07	Currency : [Select Currency]   Amount :

 

1	Date of Purchases	13-08-2008
2a	Total number of shares purchased	950,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	950,000
3a	Price paid per share# or	Currency : S$   Amount : 1.34952	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 1.35	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 1.34	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 1,282,695.60	Currency : [Select Currency]   Amount :

 

1	Date of Purchases	12-08-2008
2a	Total number of shares purchased	583,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	583,000
3a	Price paid per share# or	Currency : S$   Amount : 1.35250	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 1.36000	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 1.35000	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 788,908.26	Currency : [Select Currency]   Amount :