
Dear Tuntan8888,
Huh........ such a good buy opportunity. I 'll start accumulating this share from today onwards!!!!!!!!
Buy undervalued stocks and sit on it. Target Price = 70cts (at least).
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16-02-2007 | Huan Hsin (S$0.56, Maintain BUY) : FY06 earnings +26% | CAREY WONG | ![]() |
Summary: Huan Hsin posted a 26% YoY rise in FY06 net profit to S$28.9m on the back of a 28% jump in revenue to S$842m, mostly within our expectations of a net profit of S$29.2m on revenue of S$899m. Huan Hsin posted strong growth in all business segments, where it recorded strong orders for notebook casings, notebook peripherals and printer-related products; its plastic moulding segment accounted for 94% of its revenue, jumping 29% to S$790.9m. Huan Hsin also announced a final tax exempt dividend of S$0.008 per share, bringing the total to S$0.016 for FY06. This is just slightly shy of our S$0.02 expectation. Going forward, Huan Hsin remains optimistic about its performance in FY07, where it expects notebook shipment growth to be driven by the increasing replacement of desktops by notebooks, as the widespread use of wireless technology gains further momentum. Pending an update from management, we retain our BUY rating and S$0.70 fair value for Huan Hsin. |
Good Results FY 31.12.06 (released after hours) -
Revenue & Net profit UP 28% & 26% respectively. Compare to other contract manufacturers/tech counters, HuanHsin is MOST undervalued on fundamental. Forward guidance by Chairman is OPTIMISTIC too.
EPS - 7.22 cts
PE - 7.8x
NTA - 78.17 cts
Retained Earnings Balance = $160.387m
Share capital = $151.097m
Technically it could declare 1 for 1 Bonus share 'cos high Retained Earnings balance vs Share capital.
Regards,
Wow liao, why I so tian zhen to believe my broker say......I think is not a good sign man.....Brought it at 57cents and now is dropping.....
Anybody can advice me whether to keep or throw away.......? I hope that not another Profit warning or loss report on the result day...
Overheard from one of the house that this counter is going to produce a surprise good results. Vested at 545cents. Hope to hear the good news this coming 15 Feb 07....I have confident on this counter....
Dear Wait4opp,
Yes, I wait for opportunity to this counter. I agree with you.
Volumes quite bad.... seems like no sign of interest in this stock even though results coming out soon.
Huan Hsin Holdings Ltd to release its full year results ended 31 December 2006 on 15 February 2007 (Thursday) after 5:05pm.
Tomorrow rising star ! Watch Out ! ! !