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I'm starting to have doubt in this counter.
Can anyone with experiences in reading fundamental analysis share some lights about this counter?
It might reach 0.235 next week!
Finally it is moving, but still pretty slow !
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_829270E87A141A82482572B8008118B1/$file/PlastoformNoticeAGM.pdf?openelement
Also extracted from SGX:
NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of PLASTOFORM HOLDINGS LIMITED (the "Company") will be closed on 11 May 2007 for the preparation of dividend warrants.
Duly completed registrable transfers received by the Company's Share Transfer Agent in Singapore, B.A.C.S. Private Limited at 63 Cantonment Road, Singapore 089758, up to 5.00 p.m. on 10 May 2007 will be registered to determine shareholders' entitlements to the said dividend.
Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 10 May 2007 will be entitled to the proposed dividend.
Payment of the dividend, if approved by the shareholders at the Annual General Meeting of the
Company to be held on 27 April 2007, will be made on 4 June 2007.
By Order of the Board
PLASTOFORM HOLDINGS LIMITED
Note:
The initial public offering of the Company's shares was sponsored by SAC Capital Private Limited.
This counter seem to have a well support at 0.210. It never move higher than that but every time there is a sell down, someone buy up again!
Hope it will start moving up soon, I'm losing my patience with this one! :(
It expects net profit to increase in 2007 as sales show a double-digit percentage rise, thanks to 5 new customers.
Plastoform, with a market value of US$40 million, supplies PC audio speakers for Dell and Sony Corp, as well as hi-fi audio speakers for Victor Co. of Japan, through its major customer, Japan's Minebea Group. It also makes mobile phone speakers for BenQ-Siemens and multimedia speakers for U.K.-based Spectravideo.
"We're targeting a double-digit increase in sales in 2007, compared to last year's 6%, with the launch of our new products in the second half," Executive Chairman Michael Tse told Reuters in an interview on Friday.
"These products with new technologies will boost our gross margins, and we're aiming for a better profit in 2007 compared to last year."
Tse declined to forecast the earnings growth rate for 2007.
Tse said the new customer projects include making speakers for Gateway computers and developing custom-made speakers using THX technologies, which provide an enhanced audio experience and were created by movie director George Lucas.
To meet the increase in orders, Plastoform plans to spend HK$15 million in the next 12 months to expand its factory lines and machinery, boosting capacity by about 30%, said Financial Controller Freddy Fu.
Most of its production facilities are in China. The company, which listed last October, began as a plastics parts maker in 1982. It entered the computer audio business in the early 1990s and was bought out by CEO Chiu Kwong Fai and Tse in 1997.
Hi guys,
Just curious if any forumers here hold any shares in this counter.
Why won't it move since it profit and fundamental are quite ok?
Personally, I'm vested with 40lots.
PlastoformFullYearResult
PressRelease
This stock will move tomorrow after staying silent and stable for weeks! Time to buy in and join the upward ride!
Plastoform Holdings
Grossly undervalued according to UOBKayhian......
Big Business In Small Speakers
Plastoform designs, develops and manufactures compact high-performance
speakers for computing, mobile and multimedia devices. Key OEM (original
equipment manufacturing) customer is Minebea Group, which in turn supplies
to end-customers Dell, Sony and JVC, while key ODM (original design
manufacturing) customers are Spectravideo and dreamGEAR. Processing
factories in Shajing Town, Shenzhen provide a competitive cost structure.
Specialist in compact high-performance speakers. Plastoform?s patented Hi-
X speaker driver technology lets small speakers produce better low frequency
responses. It has also licensed ClassHDTM amplifier technology from Audera
Acoustics, which provides energy efficiency and better audio performance at
high frequency. Plastoform leverages on these technologies to build compact
high-performance speakers for portable devices such as MP3 players and video
game consoles.
X speaker driver technology lets small speakers produce better low frequency
responses. It has also licensed ClassHDTM amplifier technology from Audera
Acoustics, which provides energy efficiency and better audio performance at
high frequency. Plastoform leverages on these technologies to build compact
high-performance speakers for portable devices such as MP3 players and video
game consoles.
Acoustics, which provides energy efficiency and better audio performance at
high frequency. Plastoform leverages on these technologies to build compact
high-performance speakers for portable devices such as MP3 players and video
game consoles.
Expanding high-margin ODM business. Plastoform has developed new ODM
products utilising the patented Hi-X speaker driver and ClassHDTM technologies.
It has intensified marketing efforts in the US and will showcase new ODM
products at the International Consumer Electronics Show (CES) in Jan 07. So
far, response has been encouraging for speakers used in video game consoles.
New ODM projects secured will start contributing in 2H07.
products utilising the patented Hi-X speaker driver and ClassHDTM technologies.
It has intensified marketing efforts in the US and will showcase new ODM
products at the International Consumer Electronics Show (CES) in Jan 07. So
far, response has been encouraging for speakers used in video game consoles.
New ODM projects secured will start contributing in 2H07.
It has intensified marketing efforts in the US and will showcase new ODM
products at the International Consumer Electronics Show (CES) in Jan 07. So
far, response has been encouraging for speakers used in video game consoles.
New ODM projects secured will start contributing in 2H07.
Riding on MP3 player boom. The global market for MP3 players will expand
from 140m units in 2005 to 286m units in 2010, representing a CAGR of 15.4%
(source: In-Stat). The MP3 player market will expand more rapidly with the
debut of Microsoft Zune in Nov 06. Plastoform will benefit as every US$3 spent
on MP3 players will translate to US$1 spent on accessories such as speakers.
Plastoform trades at an attractive FY07 PE of 5.3x (sector: 12.2x). The
company consistently generated positive free cash flow and provides dividend
yield of 4.2%. Initiate coverage with a BUY recommendation and a target price
of S$0.42 based on our 3-stage DCF model.
from 140m units in 2005 to 286m units in 2010, representing a CAGR of 15.4%
(source: In-Stat). The MP3 player market will expand more rapidly with the
debut of Microsoft Zune in Nov 06. Plastoform will benefit as every US$3 spent
on MP3 players will translate to US$1 spent on accessories such as speakers.
Plastoform trades at an attractive FY07 PE of 5.3x (sector: 12.2x). The
company consistently generated positive free cash flow and provides dividend
yield of 4.2%. Initiate coverage with a BUY recommendation and a target price
of S$0.42 based on our 3-stage DCF model.
debut of Microsoft Zune in Nov 06. Plastoform will benefit as every US$3 spent
on MP3 players will translate to US$1 spent on accessories such as speakers.
Plastoform trades at an attractive FY07 PE of 5.3x (sector: 12.2x). The
company consistently generated positive free cash flow and provides dividend
yield of 4.2%. Initiate coverage with a BUY recommendation and a target price
of S$0.42 based on our 3-stage DCF model.
zhuge_liang Senior,
thks for the info.
Creative launches new range of high-fidelity docking speaker systems for MP3 music listening with the X-Fi Sound System Z600, PlayDock Z500 and TravelSound ZenV docking speakers.
Good move by Creative. Competition for Plastoform. This is causing Plastoform shares to fall.
Hi,
After Moneymind \\\\//// ChinaNewsAisa reported some company operations and market info of this company's strength in R&D of speakers for MP3 markets, seems this stock is warming up again ! Their major ODM client is Sony, Dell, etc.
But please be careful, their business is very competitive and new player or existing player is also strong like Creative, L.Lansing, logitech etc. This group of big boys also do or source their own products !