HanKore Env   

Hankore onward march to 8-10cts.

Will resume collection tomorrow with this financial report as the catalyst. If only there was no consolidation exercise..knn. Spoil market only..

 

Things are indeed going   well for HK and FA is continually improving...and yet someone decided to throw the spanner..whether this is a good spanner or not yet to be seen. 

leeeta      ( Date: 13-Nov-2013 22:31) Posted: The third plenum of the 18th Chinese communist party congress was just over in Beijing. The plenum brought up  the possible reform of government functions, which might be a springboard for China?s economy and society  development. While Chinese government was boosting its economy, the government has also focused more on the  environmental issues. The ecological and environmental protection consciousness has been enhanced from each  individual to each organisation in China. Government started to have higher standards and increased demands.  Therefore, enterprises in water industry must upgrade their current service and expand their capacity to meet the  developing demands. Consequently, the improved service quality will bring up the water tariff in the future. Water  tariff in Beijing has already been proposed to increase by local government. National Development and Reform  Commission (NDRC) officer expressed that the water tariff ladder system will need to be implemented over China  as the next step. Water tariff will increase without any doubt, which is good news to enterprises in the water  industry.    Time to adjust the spreadsheet again ..wont mind doing that every now and then. :)  Share7      ( Date: 13-Nov-2013 22:27) Posted: Yes, 1Q is not HK's best but with project upgrading completion, the recurring income will increase exponentially with tariff adjustments. Construction is intended to more complementary to keep all within HK's kitty. I am more inclined to see what they acquire. If local government has to shed its assets by disposing off their water assets, that would be excellent as guaranteed revenue. Consolidation and timing is terrible. Why such urgency? Unless I can find another gem, may take the risk for another year or two. CE

 

Good, then send me one. Hopefully there will be analyst report and BB push up the price before consolidation to set a higher benchmark. 

leeeta      ( Date: 13-Nov-2013 22:31) Posted: The third plenum of the 18th Chinese communist party congress was just over in Beijing. The plenum brought up  the possible reform of government functions, which might be a springboard for China?s economy and society  development. While Chinese government was boosting its economy, the government has also focused more on the  environmental issues. The ecological and environmental protection consciousness has been enhanced from each  individual to each organisation in China. Government started to have higher standards and increased demands.  Therefore, enterprises in water industry must upgrade their current service and expand their capacity to meet the  developing demands. Consequently, the improved service quality will bring up the water tariff in the future. Water  tariff in Beijing has already been proposed to increase by local government. National Development and Reform  Commission (NDRC) officer expressed that the water tariff ladder system will need to be implemented over China  as the next step. Water tariff will increase without any doubt, which is good news to enterprises in the water  industry.    Time to adjust the spreadsheet again ..wont mind doing that every now and then. :)  Share7      ( Date: 13-Nov-2013 22:27) Posted: Yes, 1Q is not HK's best but with project upgrading completion, the recurring income will increase exponentially with tariff adjustments. Construction is intended to more complementary to keep all within HK's kitty. I am more inclined to see what they acquire. If local government has to shed its assets by disposing off their water assets, that would be excellent as guaranteed revenue. Consolidation and timing is terrible. Why such urgency? Unless I can find another gem, may take the risk for another year or two. CE

 

 

Time to adjust the spreadsheet again ..wont mind doing that every now and then. :) 

Share7      ( Date: 13-Nov-2013 22:27) Posted: Yes, 1Q is not HK's best but with project upgrading completion, the recurring income will increase exponentially with tariff adjustments. Construction is intended to more complementary to keep all within HK's kitty. I am more inclined to see what they acquire. If local government has to shed its assets by disposing off their water assets, that would be excellent as guaranteed revenue. Consolidation and timing is terrible. Why such urgency? Unless I can find another gem, may take the risk for another year or two. CE   leeeta      ( Date: 13-Nov-2013 22:15) Posted: Share7, as indicated ..the GPM for Water treatment is ever increasing..71% and will further increase...I just posted an article that tariff rates will further increase this year onwards on a wider scale. Construction revenue is not that fantastic yet..wait until Q2 and Q2 then we will see a boom of 2 to 3x...but this 1st Q result is good enough for me.

 

Yes, 1Q is not HK's best but with project upgrading completion, the recurring income will increase exponentially with tariff adjustments. Construction is intended to more complementary to keep all within HK's kitty. I am more inclined to see what they acquire. If local government has to shed its assets by disposing off their water assets, that would be excellent as guaranteed revenue. Consolidation and timing is terrible. Why such urgency? Unless I can find another gem, may take the risk for another year or two. CE  

leeeta      ( Date: 13-Nov-2013 22:15) Posted: Share7, as indicated ..the GPM for Water treatment is ever increasing..71% and will further increase...I just posted an article that tariff rates will further increase this year onwards on a wider scale. Construction revenue is not that fantastic yet..wait until Q2 and Q2 then we will see a boom of 2 to 3x...but this 1st Q result is good enough for me. Share7      ( Date: 13-Nov-2013 21:49) Posted: Indeed FY14 1Q better than I expected. Healthy gross, net, cash flow, positive current assets. See how market reacts going forward.

 

This two shall contribute to income from next Qtr reporting onwards..

Construction work of Phase 2 and upgrading work of Phase 1 of the Group?s Jiangdu Development Zone Wastewater Treatment Plant in Yangzhou City, Jiangsu Province has almost completed in October 2013 and will expect to receive higher water discharge fees of RMB1.66 per ton in the near future. 

  The Stage 2 of Phase 1 and upgrading work of Group?s Nanjing Liuhe BOT project has almost completed its construction work and is expected to reap higher water discharge fees as its water discharge quality upgrades from ?Grade 1B? to ?Grade 1A?1

  More projects or acquisition coming soon....

?We feel strongly encouraged by a solid first quarter performance as this sets the pace for us to strive for a better performing FY2014. During this quarter, we have successfully turned around our financial position from net current liabilities to net current assets. We shall be on the lookout for viable projects to strengthen our water assets portfolio.?  

Mr. David Chen, Chairman of HanKore 

 

. 

 

oops i meant Q2 and Q3.

 

Share7, as indicated ..the GPM for Water treatment is ever increasing..71% and will further increase...I just posted an article that tariff rates will further increase this year onwards on a wider scale. Construction revenue is not that fantastic yet..wait until Q2 and Q2 then we will see a boom of 2 to 3x...but this 1st Q result is good enough for me.

Share7      ( Date: 13-Nov-2013 21:49) Posted: Indeed FY14 1Q better than I expected. Healthy gross, net, cash flow, positive current assets. See how market reacts going forward.

 

if there is no BAL saga, no share consolidation..HK oredi 2d tomorrow.

 

Indeed FY14 1Q better than I expected. Healthy gross, net, cash flow, positive current assets. See how market reacts going forward. 

 

Great result indeed...better than what I expected or projected in my spreadsheet...and this is only 1st Q mind you. According to my spreadsheet if this result builds on the success of each qtr, we should see HK trading at between 25cts to 35cts or even more (on a better PE) in the year 2014, based on diluted eps at rmb 0.0064 for whole of 2014 which is more than double that of 2013. Great timing David to call for consolidation.

So question I have for him is WHY? Why? Why Why   consolidation? Really suay for him to call for consolidation if he meant it for no other reason other than reducing transaction cost. So we all have to grind him gau gau...until he vomits blood. Of coz, there is a reason..and I believe a good one too..and it is hidden only to him and the BoDs but what he officially announce is what matters, coz that is the one that counts and affects the px. So if you say sh1t and dont mean it, the market takes it that way and your px gets a wallop.

So I urge you to flood HK's mailbox asking David not to delay the SGM. Please attend the SGM and put them under pressure. Delivering a good set of result is no justification for RSS. He has to do better than giving a flimsy reason..and I need to know what is the actual reason? Dont we? If he can deliver good sound business reasons and shareholder wholeheartedly approves..the px will rocket based on this good set of results and approval from shareholders.

Share7      ( Date: 13-Nov-2013 20:32) Posted: If 5.9c, I will collect. CE cccx123      ( Date: 13-Nov-2013 20:30) Posted: 5.9cts lol or 6.9cts.. Let us se

 

If 5.9c, I will collect. CE

cccx123      ( Date: 13-Nov-2013 20:30) Posted: 5.9cts lol or 6.9cts.. Let us see Share7      ( Date: 13-Nov-2013 20:23) Posted: 1Q Results out liao. Good news indeed. See how Mr Market reacts tomorrow.    HanKore?s net profit increases 149% to RMB30.4 million on a 50.2% increase in revenue to RMB134.1 million for 1Q2014 ? Revenue soared on a 34.1% and 28.3% yoy jump in construction revenue and recurring water treatment income respectively ? Gross profit margin of recurring water treatment business segment rose from 64.9% for 1Q2013 to 71.2% for 1QFY2014 ? Anticipates completion of scheduled project phases to drive earnings growth on higher expected water discharge fees set by the Chinese government.

 

5.9cts lol or 6.9cts.. Let us see

Share7      ( Date: 13-Nov-2013 20:23) Posted: 1Q Results out liao. Good news indeed. See how Mr Market reacts tomorrow.    HanKore?s net profit increases 149% to RMB30.4 million on a 50.2% increase in revenue to RMB134.1 million for 1Q2014 ? Revenue soared on a 34.1% and 28.3% yoy jump in construction revenue and recurring water treatment income respectively ? Gross profit margin of recurring water treatment business segment rose from 64.9% for 1Q2013 to 71.2% for 1QFY2014 ? Anticipates completion of scheduled project phases to drive earnings growth on higher expected water discharge fees set by the Chinese government.

 

1Q Results out liao. Good news indeed. See how Mr Market reacts tomorrow. 

  HanKore?s net profit increases 149% to RMB30.4 million on a 50.2% increase in revenue to RMB134.1 million for 1Q2014 ? Revenue soared on a 34.1% and 28.3% yoy jump in construction revenue and recurring water treatment income respectively ? Gross profit margin of recurring water treatment business segment rose from 64.9% for 1Q2013 to 71.2% for 1QFY2014 ? Anticipates completion of scheduled project phases to drive earnings growth on higher expected water discharge fees set by the Chinese government.

 

no la, i wont do that. wont even go agm. Just tiam tiam suffer myself. Go agm still need to spend on transport costs eat that pathetic snack i dont see the practicality. If the worst happens,Will just forget that i ever own this crap stock loh. Not negative, just preparing for the worst. Save hard for my marriage in 2 years time. Hopefully tings will turn out alright and have enough by then to pay for banquet everyting etc. If not enuff, then think of how to cut down on tings liao. No choice bo bian. Start from today control my daily food,  drinks & expenses.  Each person is responsible for his own actions. If you tekan david, he can say," who ask you to buy hankore's shares? I never point a gun at you. Its all at your own free will. I never promised anything, did I?"

cccx123      ( Date: 13-Nov-2013 18:26) Posted: Lol so negative.. I come here scold scold rant rant only nia.. Not happy then go SGM eat until happy a bit. Mineral water, food, paper, everything also take. Still not happy then got show to watch as can see David getting f*cked by leeeta and everyone else. If still not happy, then join in and whip the beating boy/s some more. But seriously, as the managing director or chairman of a company, David directs corporate policy. You and I no matter what we say can hardly hope to affect the stock price. But when David opens his mouth, he can make the px go up or down. This time, his breath stank and the price sank. Hopefully next time he use mouth wash, eat mint and use breath spray. Spivvy      ( Date: 13-Nov-2013 18:20) Posted: hais what can david do? He is just a human cant move the market. Anyway, im prepared to get burnt chaotar liao this time round. Prepare for the worst. Just let my $ turn into paper then slowly turn into ashes.  10 years of hard earned sweat gone like that. Got to Start saving $ all over again.

 

Lol so negative.. I come here scold scold rant rant only nia.. Not happy then go SGM eat until happy a bit. Mineral water, food, paper, everything also take. Still not happy then got show to watch as can see David getting f*cked by leeeta and everyone else. If still not happy, then join in and whip the beating boy/s some more.

But seriously, as the managing director or chairman of a company, David directs corporate policy. You and I no matter what we say can hardly hope to affect the stock price. But when David opens his mouth, he can make the px go up or down. This time, his breath stank and the price sank. Hopefully next time he use mouth wash, eat mint and use breath spray.

Spivvy      ( Date: 13-Nov-2013 18:20) Posted: hais what can david do? He is just a human cant move the market. Anyway, im prepared to get burnt chaotar liao this time round. Prepare for the worst. Just let my $ turn into paper then slowly turn into ashes.  10 years of hard earned sweat gone like that. Got to Start saving $ all over again.

 

hais what can david do? He is just a human cant move the market. Anyway, im prepared to get burnt chaotar liao this time round. Prepare for the worst. Just let my $ turn into paper then slowly turn into ashes.  10 years of hard earned sweat gone like that. Got to Start saving $ all over again.

 

I just copied   your article then sent to hankore company

leeeta      ( Date: 13-Nov-2013 18:05) Posted: yeah this is nothing..just someone who converts his warrants to mother share. 8000 lots nia..bor tai chi, wxp8838      ( Date: 13-Nov-2013 18:04) Posted: Anyone read this yesterday

 

yeah this is nothing..just someone who converts his warrants to mother share. 8000 lots nia..bor tai chi,

wxp8838      ( Date: 13-Nov-2013 18:04) Posted: Anyone read this yesterday? wxp8838      ( Date: 13-Nov-2013 18:02) Posted: HANKORE ENVIRONMENT TECH GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. 34074) ______________________________________________________________________ ISSUE AND ALLOTMENT OF SHARES PURSUANT TO EXERCISE OF WARRANTS The Board of Directors (the â??Boardâ??) of HanKore Environment Tech Group Limited (the â??Companyâ??) wishes to announce that a warrantholder has on 30 October 2013, exercised his rights to convert 8,000,000 warrants into 8,000,000 new shares of the Company (the â??New Sharesâ??), at the exercise price of S$0.04 for each New Share. The New Shares have been issued and allotted on 7 November 2013. The New Shares are expected to be listed and quoted on the Mainboard of the SGX-ST on 13 November 2013. The proceeds raised from exercising the warrants will be used for general working capital of the Company. Following the allotment and issuance of the New Shares, the number of issued and paid up ordinary shares of the Company is 4,861,334,075 ordinary shares. The New Shares will rank pari passu in all respects with the existing shares of the Company in issue. By Order of the Board Chen Dawei, David Executive Chairman 12 November 2013

 

Anyone read this yesterday?

wxp8838      ( Date: 13-Nov-2013 18:02) Posted: HANKORE ENVIRONMENT TECH GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. 34074) ______________________________________________________________________ ISSUE AND ALLOTMENT OF SHARES PURSUANT TO EXERCISE OF WARRANTS The Board of Directors (the â??Boardâ??) of HanKore Environment Tech Group Limited (the â??Companyâ??) wishes to announce that a warrantholder has on 30 October 2013, exercised his rights to convert 8,000,000 warrants into 8,000,000 new shares of the Company (the â??New Sharesâ??), at the exercise price of S$0.04 for each New Share. The New Shares have been issued and allotted on 7 November 2013. The New Shares are expected to be listed and quoted on the Mainboard of the SGX-ST on 13 November 2013. The proceeds raised from exercising the warrants will be used for general working capital of the Company. Following the allotment and issuance of the New Shares, the number of issued and paid up ordinary shares of the Company is 4,861,334,075 ordinary shares. The New Shares will rank pari passu in all respects with the existing shares of the Company in issue. By Order of the Board Chen Dawei, David Executive Chairman 12 November 2013