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this 5 cts stock is very way behind other 5 cts stocks ..... a laggard, technically ?
Thanks Lucky. I will try to attend as would like to the opportunity to speak to David. I like your `moving' target approach according to the company's and market's development. Much to learn from you and leeeta. Huat to all.
Lucky03 ( Date: 17-Feb-2013 22:32) Posted:
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wise words.
Lucky03 ( Date: 17-Feb-2013 18:15) Posted:
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Hi, Share7. When Hankore offered to acquire 100% of the Jiangsu Tongyong, its share price was trading around 3.5c-3.6c. So 5c already factored in almost 43% premium. The acquisition will yield 17% positive impact to the Net Profit if it can be concluded by this FY. Anyway, they will call for an EOGM to seek approval from Shareholders for the acquisition and that can't be too far away. Try to attend to gather more info and maybe they may offer an update of the ML report :)
Share7 ( Date: 17-Feb-2013 13:14) Posted:
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Hi, leeeta. Frankly, I rather not set a target as it affects my judgement and cloud my decision and set a false hope. If I set 16c, I'll be very reluctant to sell at 8c when situation warrants it thinking I would have 'lost' extra 8c before I have even earn it ! In another words, as long as the parameters such as interest and growth propects of water treatment industry in China remains good, Hankore continues to improve its operating cash flow and steady growth in profitability and revenue base, its share price continues to remain under performing and the management practices transparency and professionalism, I'll hold .... unless there is more compelling prospect to shift out. Technical charts give a sense of timing and validation of the sentiment of the market on the stock. We know stocks market is not always rational. So, cut it short, 5.5c, 6c, 7.2c and 16c are price point that will validate the uptrend remains intact. There will be a need to set progressively higher 'sell targets' as the price inches up so that we do not see profit disappearing or worst, turning into loss !
leeeta ( Date: 17-Feb-2013 15:02) Posted:
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Buy before it shoots to its NAV of abt 38 cents (CNY), or roughtly Singapore 8 cents. I think only, don't just buy without doing your research ok?
Seems both directions are good for me. :)
bro...then for ur sake, i hope it drops more. then can accumulate a lot more! huat ar!
sean123 ( Date: 17-Feb-2013 17:53) Posted:
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bought 160 lots at 0.052, hope it rises soon.
will accumulate more if price down.
Jan 2013 issue of GWI :
Interest in HanKore’s portfolio of Chinese water and wastewater assets is hotting up. GWI’s Asia editor Olivia Jensen assesses the potential suitors.Shares in Singapore-listed project developer HanKore Environment rose to a 52-week high of S$0.045 in the days following the December announcement that it had appointed Bank of America Merrill Lynch to advise on the sale of the company’s BOT assets.A company representative confirmed to GWI that BAML is screening interested parties including both private equity investors and trade buyers, but emphasised that the process is still at an early stage, and that a sale is not certain. As well as the possibility of divesting its entire water treatment portfolio, the company is also considering the sale of individual assets.HanKore has built up a 1.4 million m3/d pool of wastewater, water treatment and reuse assets in China, which offers scope for organic growth through tariff increases, technology upgrades to meet China’s Grade A discharge standard, and capacity expansions as utilisation rates on some of the older projects reach 100% (see table, above).Unlike most water BOT investors in China, which engage in joint ventures with the local municipality, HanKore has full ownership of all its projects, magnifying the impact of tariff increases and efficiency improvements in profitability.Since 2010, chairman David Chen has tidied up the portfolio, writing off some non-performing assets and rescuing one troubled project at Xianyang in Shaanxi Province, leading to a write-back of RMB10 million (US$1.6 million) in early 2011.The company has undergone a thorough financial restructuring over the last three years, and since 2011 has been taking on new loans from Chinese banks. At the end of 2012, its debt to equity ratio stood at 48:52, while at the end of the first quarter of fiscal 2013, the group had total assets of RMB2.3 billion (US$364 million).HanKore returned to profit in fiscal 2012, achieving net profit of RMB103 million (US$16.5 million) after incurring losses of RMB407 million (US$65 million) in fiscal 2011. First quarter 2013 revenues were up 19% year-on-year, at RMB89.33 million (US$14.3 million).Possible bidders for the HanKore portfolio include Malaysia-based project developer Salcon Bhd. Salcon already has stakes in Chinese BOT projects with a design capacity of 1.3 million m3/d, and last year the company announced that it was in discussions to acquire a portfolio of operating assets of a similar size (see GWI June 2012, p31).Other contenders could include Singapore- listed United Envirotech (UEL), which has been boosted by US$150 million in financing from private equity giant KKR over the last fifteen months. UEL itself has a portfolio with a capacity of over 1.4 million m3/d and is looking to scale up rapidly in China.Engineering major Boustead Singapore may also be a candidate. The company is cash-rich and has been looking for ways to fire up the performance of its water division, Boustead Salcon, after the unit barely scraped a profit from S$40 million (US$32.6 million) in revenues in fiscal 2012.The relationship between United Water China president Phillip Yu and HanKore chairman David Chen, meanwhile, could set United up as another possible suitor. The companies already have a JV with Hankore for a water supply project, and United recently received an infusion of debt funding from the IFC (see GWI August 2012, p28).The HanKore transaction looks set to be the highest-value deal in the Chinese BOT secondary market for some time, even if the eventual acquirer only takes a 50% share in the portfolio. The battle may prove to be a fierce one
Hi
Imagine you were Salcon, which candidate has the strongest balance book and profitability?
All figures taken from courtesy of Bloomberg : http://www.bloomberg.com/quote/BIOT:SP
| 52W RANGE | 
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| Stock Name | Price | 1 yr rtn % | PER | P/B | ||||
HanKore |
0.052 | 0.031-0.055 | 30 | 9.89 | 0.706 | 21.04* | * discounting Jun 12 Qtr |
|
SIIC Env | 0.082 |
0.043-0.095 |
39 |
10.95 |
1.78 |
17.36 | ||
| UtdEnvirotech | 0.745 | 0.295-0.77 | 105 | 14.57 |
1.83 |
13.19 |
Lucky...seems to you 16cts is a target. Is this your MT or LT target?
Lucky03 ( Date: 17-Feb-2013 09:24) Posted:
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www.salcon.com.my/download.php?id=382
Salcon seeks partners for China listing. News Source : New Straits Times/ Business Times. Pg. B2. Date. : 29 January 2013 (Tuesday)
Agree with you lucky03. I was disappointed that David used 0.05 price when he purchased Jiangsu Tongyong. After 2 years, he still sold shares at 0.05 unless there is hidden value in the acquisition target unknown to us apart from EPC to enhance BOT. David has spent two years to put HK house in order and is making the equity strategy moves to capitalise and grow his strategic plans. Without capital in a capital intensive business (BOT), his vision cannot be achieved. Let's pray and wait that it will be good news in the very near future, though really need to `tong' since April 2012. Huat to all `tongers'.
Lucky03 ( Date: 17-Feb-2013 09:24) Posted:
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The problem with both Hankore and SIIC Env is that both are below 10c stock that institutional investors generally miss. UtdEnv's sterling performance is partly the result of investors interest and limited listed stock available for their picking. As compared to SIIC Env, Hankore has a stronger flavor of a 'come back kid' story plus announced 3rd parties interest. Organic growth will not push a stock price fast. For now, Hankore has more potential for capital gain as compared to SIIC Env for those who missed UtdEnv. Its momentum will accelerate once it crosses 10c mark as the resistance is very low all the way to at least 16c. In the mentime, it will have to clear 5.5c, 6c and 7.2c.
think2profit ( Date: 16-Feb-2013 16:51) Posted:
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Hankore is unlikely to beat SIIC Env which already has a operational capacity of 3.2m ton per day. 60% of its income is already recurring which is even higher than Hyflux. Good time to buy into SIIC before mkt recognize a giant awakening...
leeeta ( Date: 16-Feb-2013 13:54) Posted:
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By the time HK finishes upgrading its existing and planned projects by year 2013, HK may have operational capacity of over 2 mio ton/day which is then larger than Salcon China, SIIC and UtdEnv...making it one of China's biggest secondary water BOT operators. ML should take into consideration not only existing portfolios but also planned projects, tariff increases and future prospects in their evaluation and not to mention what profits Jiangsu TongYong acquisition might bring to the table. Am expecting 20cts by year end..and beyond for yr 2014/2015. A merger and dual listing would be fantastic.
seanpent ( Date: 15-Feb-2013 09:43) Posted:
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that's good news ... thanks for sharing with us ...
Share7 ( Date: 14-Feb-2013 19:11) Posted:
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Was wondering why no press release issues this round together with the financial result ...
Thanks Lucky03 for your updates and encouragement to investors. Attracted to David's professional management background & his ability to turnaround the business. HK is a potential multi bagger but will need patience...and perseverance. Huat to all!
Lucky03 ( Date: 14-Feb-2013 23:34) Posted:
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