Asiatic    Last:0.003   -

AGM - Asiatic

YES MUST BUY....

 

Financial year will end on Mar 2010. Buy on weakness

over year, Asiatic Group Holdings Ltd. has been able to grow revenues from $44.6M to $56.3M. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 10.85% to 9.79%. This was a driver that led to a bottom line growth from $2.7M to $3.2M.

View Income Statement In U.S. DollarAnnualQuarterly

Currency in Millions of Singapore Dollars	As of:	Apr 02 2006 Restated	Apr 02 2007 Reclassified	Apr 02 2008 Restated	Apr 02 2009	4-Year Trend
Revenues		18.0	26.7	44.6	56.3
Other Revenues		0.0	0.0	0.0	0.0
TOTAL REVENUES		18.0	26.7	44.6	56.4
Cost of Goods Sold		12.0	18.1	31.4	40.2
GROSS PROFIT		6.0	8.6	13.2	16.2
Selling General & Admin Expenses, Total		3.1	4.3	4.8	5.5
Depreciation & Amortization, Total		0.3	1.0	3.0	3.4
Other Operating Expenses		1.6	2.0	2.2	2.8
OTHER OPERATING EXPENSES, TOTAL		5.0	7.3	10.0	11.7
OPERATING INCOME		1.0	1.3	3.2	4.5
Interest Expense		0.0	-0.1	-1.0	-1.4
Interest and Investment Income		0.0	0.1	0.3	0.1
NET INTEREST EXPENSE		0.0	0.0	-0.7	-1.3
Currency Exchange Gains (Loss)		0.3	0.3	0.6	0.4
EBT, EXCLUDING UNUSUAL ITEMS		1.3	1.6	3.2	3.6
Gain (Loss) on Sale of Assets		0.0	0.0	0.0	--
EBT, INCLUDING UNUSUAL ITEMS		1.3	1.6	3.2	3.6
Income Tax Expense		0.3	0.3	0.4	0.7
Minority Interest in Earnings		0.0	0.1	0.0	0.3
Earnings from Continuing Operations		1.1	1.4	2.7	3.2
NET INCOME		1.1	1.4	2.7	3.2
NET INCOME TO COMMON INCLUDING EXTRA ITEMS		1.1	1.4	2.7	3.2
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS		1.1	1.4	2.7	3.2

 

SADIF Analytics releases new summary due diligence report for Asiatic Group (Holdings) Limited

www.sadifanalytics.com

Contact Information: SADIF-Investment Analytics Rua Domingos F. Pinto Basto, 17 3830-176 Ilhavo, Portugal Contact Person: Antonio Mendes Partner Phone: ( 351) 234 322037 email: email Web: www.sadifanalytics.com Author: Andrew Kerr e-mail Web: www.sadifanalytics.com Phone: (+351) 234 322 037

 

Highest vol in 52 weeks.. any good news coming up ?

Price	Trades	Volume	Sold to Buyer	Mid	Bought from Seller
0.135	3	355,000	355,000	0	0
0.140	10	528,000	524,000	0	4,000
0.145	66	4,400,000	1,632,000	0	2,768,000
0.150	41	5,110,000	2,180,000	0	2,930,000
0.155	33	3,097,000	60,000	0	3,037,000
0.160	1	1,000	0	0	1,000
TOTAL	154	13,491,000	4,751,000	0	8,740,000

<>

Weighted Avg Price :  0.1487                       Avg Trade Size :  87,603.896                                    Spread/Price Ratio :  0.0370

 

Cheers...good climb

 

Borrowing is long term facility -- healthy when it is on growth or expansion. Expect more annoucement of new projects in 2010 and additional funds can be raised with more share placements.....Energy consumption in Cambodia plant will continue increase with further development of PPSEZ and new companies setting up shops.. Full year closing on Mar 2010 will be profitable -- as usual anticipating the dividends in Jun 10.

Observe price and volume getting stronger..

16:57:18	0.125	340,000	Bought From Seller
16:55:54	0.125	500,000	Bought From Seller
16:50:53	0.120	40,000	Sold To Buyer
10:47:26	0.120	100,000	Sold To Buyer
10:36:33	0.120	100,000	Sold To Buyer
--	--	--	--

 

 

vested with 10 lots only...

 but i have to say that this is a hightly geared company.. check out its total borrowings. i know that the borrowings are used to construct the power plants and stuff but that means that it must have perfect project execution and hope that energy consumptiom in the countries it is in is good...

 potential multi bagger nonetheless

smartrader      ( Date: 29-Dec-2009 22:51) Posted: Waiting to ride to new heights.... ASIATIC GROUP (HOLDINGS) LIMITED (Company Registration No. 200209290R) (Incorporated in the Republic of Singapore) EFFECTIVE DATE FOR THE TRANSITION TO CATALIST SPONSOR-SUPERVISED REGIME The Board of Directors (the “ announcement dated 28 December 2009 relating to the Company’s appointment of CNP Compliance Pte. Ltd. as the Company’s continuing sponsor and the proposed transition to the Catalist Sponsor-Supervised Regime (the “ All terms used in this announcement shall have the meanings ascribed to them in the announcement dated 28 December 2009. The Board is pleased to announce that the Company has on 29 December 2009 received confirmation from the Singapore Exchange Limited that the effective date of the Transition (“ on 28 January 2010. On and from the Effective Date, the Company will comply with the Catalist Rules on an on-going basis.Board”) of Asiatic Group (Holdings) Limited (the “Company”) refers to theTransition”).Effective Date”) shall be By Order of the Board

 

Waiting to ride to new heights....

ASIATIC GROUP (HOLDINGS) LIMITED

(Company Registration No. 200209290R)

(Incorporated in the Republic of Singapore)

EFFECTIVE DATE FOR THE TRANSITION TO CATALIST SPONSOR-SUPERVISED REGIME

The Board of Directors (the “

announcement dated 28 December 2009 relating to the Company’s appointment of CNP Compliance Pte.

Ltd. as the Company’s continuing sponsor and the proposed transition to the Catalist Sponsor-Supervised

Regime (the “

All terms used in this announcement shall have the meanings ascribed to them in the announcement

dated 28 December 2009.

The Board is pleased to announce that the Company has on 29 December 2009 received confirmation

from the Singapore Exchange Limited that the effective date of the Transition (“

on 28 January 2010. On and from the Effective Date, the Company will comply with the Catalist Rules on

an on-going basis.Board”) of Asiatic Group (Holdings) Limited (the “Company”) refers to theTransition”).Effective Date”) shall be

By Order of the Board

 

Thanks. Just did a calculation, it is about 1.2 . I guess the book value will shoot up when the hydroplant is in operations -- biggest investment.

 

price to book value ratio. calculated as stock prive divide NAV

 

Very informative.. what is PB ?

 

As of 1H 2010 (financial yr is ending March), EPS is 0.6cents, if it can achieve last year's 1.3 cents EPS, then PE is 10 if price hovers at 13cents. PB would be about 1.2. vested, may be rewarded if the energy plants are successful and sustaining

 

Someone is soaking up the shares since 12cts ... if he does not meet its target volume, the next price to accumulate is at 13.0cts... 

12:09:03	0.125	10,000	Sold To Buyer
11:57:25	0.125	200,000	Sold To Buyer
11:54:08	0.125	100,000	Sold To Buyer
11:47:06	0.125	50,000	Sold To Buyer
10:33:51	0.125	100,000	Sold To Buyer
10:19:33	0.125	100,000	Sold To Buyer
09:45:38	0.125	40,000	Sold To Buyer
09:45:09	0.125	100,000	Sold To Buyer
09:42:26	0.125	150,000	Sold To Buyer
09:33:13	0.125	100,000	Sold To Buyer

 

12cts firm support today....

 

Ilhavo, Portugal – 03/12/2009 – SADIF Investment Analytics, announces a new summary due diligence report covering Asiatic Group (Holdings) Limited (5CR). The report uses SADIF's powerful StockMarks™ stock rating system and contains important analysis for any current or potential Asiatic Group (Holdings) Limited investor.

Report Summary: Asiatic Group (Holdings) Limited is an above average quality company with a neutral outlook. Asiatic Report Summary: Asiatic Group (Holdings) Limited is an above average quality company with a neutral outlook. Asiatic Group (Holdings) Limited has strong business growth and is run by efficient management. When compared to its closest peer, Transit-Mixed Concrete Ltd, Asiatic Group (Holdings) Limited shows greater overvaluation and is more likely to outperform the market.

The 8-page report breaks down the Total StockMark into its three components – business, management and price, performing an in-depth analysis of Asiatic Group (Holdings) Limited for long-term investors.

The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com, Thomson Research and Capital IQ or directly from SADIF-Investment Analytics at:

 

Good relations between the two countries will benefit Asiatic's investment in Cambodia...

SM Goh calls on Cambodian PM Hun Sen, reaffirming strong bilateral ties
By Satish Cheney, Channel NewsAsia | Posted: 23 November 2009 2059 hrs

	Photos 1 of 1 Senior Minister Goh Chok Tong

 

 

SINGAPORE: Senior Minister Goh Chok Tong, who is now in Cambodia for a two-day official visit, called on Prime Minister Hun Sen at the National Assembly on Monday afternoon.

During the hour-long meeting, they reaffirmed the strong bilateral ties.

Mr Goh also congratulated Mr Hun Sen for the significant economic progress Cambodia has achieved since his last visit in 2002.

He was also briefed on Cambodia's recent economic developments.

Both leaders exchanged views on Cambodia's tourism sector as well as how to attract more foreign investments.

Mr Goh is expected to call on King Norodom Sihamoni on Tuesday.

After Cambodia, Mr Goh will proceed to Laos.

Mr Goh last met PM Hun Sen on the sidelines of the ASEAN Summit in Singapore in Nov 2007.

The leaders also agreed that investment in human resource was essential to ensure Cambodia's long-term economic development.

Mr Goh said Singapore would be pleased to continue contributing to Cambodia's development through the Singapore Cooperation Programme and the Initiative for ASEAN Integration.

This evening, PM Hun Sen hosted Mr Goh to dinner at his residence. - CNA/vm

 

1H10 result increase by $0.2 mil vs 1H09....revenue visibility and still on growth path - Vietnam Hydroplant and Malaysia Biomass Plant ...

 

if more good projects, there may be a fund raising to expand the capital base.. the existing warrant will expire next year ..so a rights issue with free warrants to reward shareholders will be good..

 

but they owe alot of money and are highly geared... they are well supported by the local government and institutions...


 i only have like 4 lots (would have got ten if i had a choice) so i am not worried...

 

like smart trader say.. good management but they are wandering into economies which have questionable government..

 

BB

 

honest people running the company --.have faith in George's team in enhancing shareholders' values. 

In 3yrs' time, it is a fully transformed company - hydroplant in vietnam in ops, biomass plant and power station in cambodia (hope it will secure a hydroplant here)-- another 1-2 projects in China or Singapore will put the group in good stead for more capital investment.

Asiatic marks foray into Malaysia’s power sector with JV to develop its first biomass power plant

�� Group will take a 30% stake in JV to develop a RM150 million biomass project in Perak to convert empty oil palm fruit bunches into electric power

�� Move steps up Asiatic’s efforts to be one of Asia’s leading independent power producers and a major player in renewable energy power generation

Asiatic Group (Holdings) Ltd ("Asiatic" or the "Group"), through its wholly-owned subsidiary, Colben Energy (Singapore) Pte Ltd ("Colben"), has agreed to take a 30%-stake in a joint venture ("JV") company to develop the Group’s first biomass power plant, marking its first foray into Malaysia’s renewable energy sector.

The Group expects to invest about RM10 million in the JV company, Maju Intan Biomass Energy Sdn Bhd ("MJE"), which has obtained approval from the Malaysian Government under the Small Renewable Energy Programme ("SREP") to develop the 10 megawatt ("MW") biomass power plant. The SREP encourages private entities to generate power using renewable fuels and to sell part or all of their output to Tenaga Nasional Berhad ("Tenaga"), the government-owned manager and operator of Malaysia’s national power grid.

MJE is presently in talks with Tenaga and expects to sign a Build-Own-Operate ("BOO") contract with a concession period of at least 21 years, similar to other BOO agreements signed by Tenaga. Colben is responsible for the design, construction, operation and maintenance of the power plant project which will use oil palm fruit bunches as fuel to convert into electricity. This project is eligible to generate tradable Certified Emission Reduction ("CER") credits under the Clean Development Mechanism of Kyoto Protocol as the fuel aids in the reduction of greenhouse gas by disposing of fruit bunches which would otherwise decay in open air. On this, MJE has engaged Mitsubishi UFJ Securities Ltd as the CER consultant for the Project.

The other shareholders in MJE are Messers Tekun Positif (M) Sdn. Bhd (30% stake), Tan Guan Hua Sdn Bhd (15%) and Wealthy Entity Holdings Sdn, Bhd (25%).

Said Asiatic Group’s Managing Director Mr George Tan, "This milestone project marks Asiatic’s first biomass project in Malaysia and we are pleased to play a part in the country’s drive to step up the use of its vast renewable energy resources.

"Our ability to drive this project forward will accelerate the Group’s efforts to transform itself into one of Asia’s leading independent power producers and a significant player in renewable energy power generation."

Asiatic expects to finalise the design and engineering aspects of the power plant project within a year. Construction work is estimated to take another 24 months before the delivery of electricity to Tenaga.

The estimated cost of the Project is about RM150 million, including all of the peripheral by-product processing facilities apart from the power plant facilities. MJE expects to fund the plant’s development cost via bank borrowings under a project finance structure which will involve a smaller portion of direct equity, while Asiatic’s investment will be funded by a combination of bank borrowings and internally generated funds.

This power plant substantiates Asiatic’s goal to grow into a major energy player in Asia, following earlier projects announced in July 2009. The Group secured a US$20 million funding facility to complete and manage power plants in Cambodia, demonstrating strong confidence by financial institutions in Asiatic. In Vietnam, the Group initiated its first renewable energy project with a 44MW capacity hydro-electric power plant, costing about US$62 million.

 

SINGAPORE, 12 October 2009 FOR IMMEDIATE RELEASE