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agree. rubbish company also speaks alot abt the management, also R...
I dun agree it is a bad stock. It is rubbish as it grows from rubbish last year. Escaped at 50c…Tp is 18c.
hehehe......look into the next qtr lor.....if go up again then.......deng deng..the.....lor.........
Hulumas ( Date: 14-May-2010 20:07) Posted:
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Is it "PEAK FALL" in process?
lawcheemeng ( Date: 14-May-2010 20:03) Posted:
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the tax went up by 2.3mill......the distribution up by 1.2 mil........general admin......up by...2.mil.....hehehe........tats where the $$$$ go to lor.......better wakeup a bit lor.......hehehehe
yummygd ( Date: 14-May-2010 17:40) Posted:
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tax???? HUH??
pharoah88 ( Date: 01-May-2010 14:27) Posted:
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I agree this is a good stock.
bigmice ( Date: 27-Apr-2010 22:35) Posted:
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Testing support of a Falling wedge
http://mystocksinvesting.blogspot.com/2010/05/sinotel-testing-support-of-falling.html
Will probably see 40c in the morning.
may be can really go down to your price leh.........hehehe......joking lah........below 40cts shld be near.......
ruanlai ( Date: 27-Apr-2010 10:55) Posted:
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Drop so many today. Look market not so good.... maybe correction?
I'm not vested. Let go of my holdings and took profits at 0.54, just when the analyst report was published and broke the upward momentum of the stock. I'm not going to enter the market for the moment. Market is on it's last bullish legs and waiting for sentiment to be really negative before entering. Cheers mate.
technically, it might break the support of 45 soon, perhaps can wait till 40 if broken, then can load some for short terms b4 the Q2 is released....btw, i have only little in this counter.......
blackstreams ( Date: 01-May-2010 20:34) Posted:
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lsj840428. Agree. This is a good stock brought down by sentiment and an analyst's poor report which I disagreed with, not by its fundamentals. I'm waiting for a good entry point to re-enter. Cheers.
y did u ask this question? did u read the FR ? i tot it has been clearly spelled out......btw, i tot the net profit would be lesser compared to last Q, but it seems not......not as worse as what i had in my mind.......next Q FR will be a better signal to suggest if this counter still have the potential to make money.....
pharoah88 ( Date: 01-May-2010 14:27) Posted:
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First Quarter 2010
Financial Highlights
1Q20101 Q2009 Change
Revenue 118,400 96,567 22.6%
Gross Profit 45,208 39,809 13.6%
Net Profit after Tax 28,738 28,827 (0.3%)
In RMB ‘million
13.6% - (-0.3%) = 13.9% Of prOfit lOst
WHERE DID 13.9% prOfit gO tO ? ? ? ?
NEWS RELEASE
SINOTEL POSTS RMB28.7 MILLION EARNINGS FOR FIRST QUARTER 2010
First Quarter 2010
Financial Highlights
1Q20101 Q2009 Change
Revenue 118,400 96,567 22.6%
Gross Profit 45,208 39,809 13.6%
Net Profit after Tax 28,738 28,827 (0.3%)
In RMB ‘million
Singapore, 30 April, 2010 – Sinotel Technologies Ltd. (“Sinotel” or the “Group”), an innovator in the provision of wireless telecommunications infrastructure and solutions in the PRC, posted a 22.6% increase in revenue to RMB118.4 million, reaping net earnings after tax of RMB28.7 million for the first quarter of FY2010 (“1Q2010”).
Revenue in 1Q2010 for the Group increased by RMB21.8 million compared to the same period last year attributed mainly to the increase in revenue derived from the sales of equipment of RMB18.8 million, Emergency Mobile Communications System of RMB7.2 million and system integration projects of RMB6.4 million.
The increase was offset by decrease in revenue from indoor and outdoor wireless coverage solutions of RMB3.6 million and sales of 3G cards of RMB7.0 million. The decrease in indoor and outdoor wireless coverage solutions was mainly due to Telcos’ transitional period to streamline their wireless infrastructure development.
Overall gross margin for the quarter was 3.0% lower at 38.2%, compared to the first quarter of 2009 (“1Q09”) at 41.2%. This was mainly attributed to the increase in sales of equipment by participating in the Telco’s central procurement policy and the increase in contribution of sales derived from system integration projects which command lower margin. Correspondingly, there was no income derived from these two business segments in 1Q09.
2010 also marks the end of the Group’s income tax exemption for first three years (i.e. FY2007, FY2008 and FY2009). Nevertheless, the Group will continue to enjoy a discounted tax rate of 7.5% for the next three years (i.e. FY2010, FY2011 and FY2012) before resuming its full income tax rate of 15% in FY2013.
Earnings per share contracted from 10.3 RMB cents in 1Q09 to 8.8 RMB cents in 1Q2010. As at 31 March 2010, Net Asset Value per share was 204.4 RMB cents, compared to 189.2 cents as at 31 December 2009.
Outlook and Future Plans
In the interest of streamlining their processes, cost savings and improving efficiency, Telcos have begun to revamp their tendering system and segregate the process of building their wireless network infrastructure. The new workflow involves pre-qualifying vendors for each of the processes, i.e. procurement of wireless equipment, design of network system and installation of infrastructure.
In light of these recent developments, the Group has begun to reposition itself and realign its business objectives so as to properly adjust to the changes. Margins are expected to be weaker as the Group ventures into sales of equipment, which commands lower margin, since the Telco’s adoption of the centralised procurement policy. Said Mr Jia Yue Ting (“贾跃亭”), Executive Chairman of Sinotel, “To better position ourselves for these transitions, the Group aims to bid for more system design and infrastructure installation projects going forward where margins remain healthier than sales of equipment.”
The Group will continue to expand on its ancillary business, the Emergency Mobile Communications System (EMCS) division. Sinotel has always been actively supplying proprietary wireless solutions and will continue to develop on this business segment.
Also recognising the need to strengthen and develop a steadier income stream, Mr Jia added “One of the Group’s priorities is to increase the contribution of projects that generate recurring revenue. As such, adding on to the current maintenance projects already secured in the Shanxi province, the Group aims to bid for more similar contracts in the coming quarters.”
Barring unforeseen circumstances, the Group anticipates that the financial outlook will remain profitable for the rest of the financial year 2010.
ABOUT SINOTEL TECHNOLOGIES LTD.
Sinotel began operating in 2002 as merely a handset distributor and has evolved into a wireless telecommunications innovator that provides a wide range of customized applications and solutions across the telecommunication value chain. Having only started in Shanxi six years ago, the Group’s business now spans across eight other major provinces. Sinotel serves reputable customers like major telecommunications companies, China Unicom and China Mobile.
The Group’s key Network Infrastructure Solution is its proprietary multi-carrier wireless system, which enhances customers’ wireless telecommunication networks and is compatible with various communication networks such as GSM, CDMA, PHS and WLAN as well as 3G networks such as WCDMA and CDMA2000.
The Company’s Network Support Solutions can be integrated into existing telecommunication network infrastructure to deploy new and enhanced voice communication services for wireless communication users and manage provision of increasingly popular value-added data services.
The Group recently ventured into two new business segments, the distribution of 3G network cards and development of the Emergency Mobile Communications System (“EMCS”).
3G network cards are essentially PC cards that enable mobile users the ability to connect wirelessly to the internet. Sinotel is one of the pioneers to have developed and distributed the 3G network card in collaboration with its partner China Unicom.
The EMCS is a mobile RF (Radio Frequency) communications system mounted on top of a vehicle. The EMCS is able to restore network coverage to trouble stricken areas or functions as a booster at places with high capacity demands.
Through the development of its proprietary wireless telecommunication applications and solutions, the Group aims to be the leading 3G wireless telecommunication solutions provider in the PRC.
For more information, please contact:
Ben Ng
VP, Corporate Communications and IR
Mobile : (65) 9168 9988
Email : ben@sinotel.com.sg
30 April, 2010
Smart......
blackstreams ( Date: 27-Apr-2010 21:48) Posted:
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i think it's a good stock, u can who are the big shareholder.
technically, it might break 45 support....too bad to say that.....
blackstreams ( Date: 27-Apr-2010 21:48) Posted:
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