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base on previous share placement exercise such as swiber, ezra. the price will initial drop but will head back upwards after 2-3 trading days from day of announcement.
no idea what is the good entry price. 0.056?
placement at 20% discount..
i hope if fall 1st
any comments on the opening price?
no idea, it might surge or plunge....with 10% of allotment means that the eps now is diluted by 10%......if we are to work out the logic, the px b4 the allotment was 63, assuming the forward eps is 10 cnts, then the PE will be 6.3. and now with 10% of allotments, the eps will become 9 cts instead, and if we assume the PE will be maintained, then the PX will be 6.3 * 9..........however, market doesnt necessary work that way....it is all depending on how the investor looks at the allotment....just my 2 cents worth opinion......
I have been following your thread..... but now I am puzzled...!!!
Any idea on the opening price on this counter when open at 2pm?
starlene ( Date: 03-Sep-2009 23:13) Posted:
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Some old news in favour of Sinotel.
SINOTEL: Lively Q&A with investors
Written by Leong Chan Teik
Monday, 22 June 2009
Sinotel CFO Lo Fui Chu answering questions at the SIAS Research event held at Jolly Frog Cafe on Neil Road. Photo by Leong Chan Teik
SINOTEL TECHNOLOGIES seems to be attracting buying by funds. In its recent announcement, Sinotel said Barron Partners LP of the US bought 6 million shares from a Sinotel executive director.
Prior to that, Barron already owned 3.6 million shares.
Subsequently, another Sinotel executive director - the CEO, Jason Li - sold 7 million shares, which can be interpreted as a worrying sign.
But Sinotel’s vice-president of corporate communications and investor relations, Ben Ng, told NextInsight that there is strong demand from institutional investors and the buyers were reputable funds.
If indeed funds are keen on Sinotel shares, the reason has to do with the company’s potential growth as China’s 3-G network is rolled out this year. Billions of dollars will be spent and Sinotel, which provides wireless network solutions, stands to benefit.
“Our growth prospects in the next two years should be promising,” said Ben during a meeting with SIAS Research members on Friday night (June 19).
During his presentation, he gave figures that showed Sinotel has revenue growth and profit margins that more or less track a peer, Comba, which is listed in Hong Kong and is a far bigger company.
Both also have to live with the harsh fact that it takes a long time to collect payment from their clients. (See table on the right)
Comba is listed in HK. Source of table: Sinotel
Notably, when it comes to net profit margin, Sinotel’s was way ahead at 29.7% compared to Comba’s 9.2%.
Explaining the difference, Ben said Sinotel outsources the manufacturing of its self-designed systems, and employs contract staff to perform its wireless integration work. It maintains mostly fulltime project managers to supervise ongoing projects.
Comba, in comparison, has more employees and its own manufacturing facilities. Comba, because of its size, wins bigger contracts while Sinotel can negotiate smaller jobs with healthier profit margins. Comba also has a wider presence in China, and thus incurs higher office overheads.
Participants of the seminar, which had a lively Q&A session. Photo by Leong Chan Teik
The following are some of the questions that SIAS Research members asked and the answers provided by Sinotel’s Ben and Lo Fui Chu, the CFO:
Q Who are actually your clients: the building owners or the telcos?
Ben: For our core business, wireless infrastructure projects, our direct customers are the telcos. Currently, they are China Unicom and China Mobile. We are paid by them. For outdoor solutions, the work is tendered direct from the telcos. For indoor work, the decision on who to award the job lies with the building owners. But payment comes from the telcos and the contract is signed with them.
Q How do you win contracts from the telcos? Is it through open bidding?
A For outdoor contracts, we go through a tender process. You need to be a pre-certified vendor before you can submit a bid. That’s one of the barriers to entry to this business.
For indoor work, the telcos tell us and our competitors that, say, this row of 10 buildings needs to have wireless coverage. We will then talk to the building owners, who then decide who they want to give the work to.
L-R: Roger Tan of SIAS Research, and Ben Ng of Sinotel. Photo by Leong Chan Teik
Up till now, the interesting thing is we haven’t been really competing with other players as business is abundant. This year, we have started to be selective about the work we want to do, and take on work that is easier to perform, faster to complete and has a higher profit margin.
Q Looking at your financial statements, you have less and less cash. The business is expanding – are you going to raise funds to have more working capital or borrow more and more money, which is not very good, right?
Fui Chu: If the company secures more projects and needs more working capital, our preference is to borrow from the bank. Currently, our gearing ratio is about 12% - it’s still healthy. The lowest cost of financing is still from bank loans because, looking at our stock price, the PE ratio remains low, and it would not be cost effective to raise money from the equities market. Moreover, if we were to issue placement shares, that would dilute all existing shareholders.
Equipment installed outdoors by Sinotel for wireless infrastructure.
Q Your working capital is actually financed by the banks – that’s worrying. Nowadays, you can see cases of banks refusing to roll over loans, and companies fall into trouble.
Ben: Our borrowing in comparison to the company's revenue is relatively low. In abolute terms, we are talking about RMB 30-60 m, which represents only about 10% of the company’s full-year revenue last year, which was RMB 362 m.
That’s why we stress that we are not highly geared. Moreover, our loans are used for working capital needs only and these are to fund contracts which we have already secured. Some of the companies that have gotten into trouble had borrowings that were much higher relative to their revenue and earnings.
Q Will you give dividends?
Ben: As I have explained, this year is poised to be one of the milestone years for Sinotel. We are likely to experience growth and we want to make use of every dollar to expand the business, so that every shareholder can benefit eventually.
Roger Tan (Vice-President, SIAS Research): I’m not helping Sinotel but the decison of the business falls into three parts – investment, financing, and dividends. First thing to decide on, is whether what they are investing in - is it giving sufficient returns? If they are getting sufficient returns, they will get financing for the business. What should they finance with: equity or debt?
Beijing Railway Station is one of several landmark buildings which Sinotel has done projects on.
What they are saying is, if my PE ratio is only 3 – in other words, if i take one over 3 is 30 over per cent – if I go to the market and issue shares or do a rights issue at that kind of PE ratio, I'm taking from the market at a cost of 33%. But if I borrow from the bank, it’s, say, only 5%, and I’d be saving a lot of money. Next they go out and make money and the last part is the dividend decision – should I give my profits back to shareholders, who then will have a reinvestment issue? Or I don't declare dividends, because I'm pretty sure my business will do well if I reinvest in it.
samson ( Date: 03-Sep-2009 22:21) Posted:
Sinotel Listing is US ?
HC International is a focused and dedicated organization that acts as a premier informational resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. We help our client companies package their corporate information in a clear, concise and consistent manner while facilitating introductions to the right investors at the most opportune time.
Investor Relations For Foreign Based U.S. Listed Companies
Sinotel will host meetings throughout the New York area September 8-11th. To request a meeting with the Company, please contact Mr. John Mattio of HC International
JOHN T. MATTIO - SENIOR VICE PRESIDENT:
 John Mattio joined us in 2008. John is a career internationalist having worked and traveled to more than 100 countries his 15-year career in international business, trade and finance. For 10 years, he represented the international sales, marketing and distribution interests of mid and large cap multinational US firms in the Industrial, Food service, Hardware& Lawn and Garden and Automotive industries. In doing so, he aided the development of profitable global networks of direct sales and retail channels with offices throughout the world for noted brands such as Hamilton Beach, Turtle Wax, Hunter Fan and MTD Products. John has also worked for global logistics and trade companies based in the US and Switzerland. His unique experience and in depth understanding of local business and management platforms provides HCI the experience to qualify the operational and management team expertise essential to producing returns for investors. Moreover, his international communication skills are instrumental in presenting our clients marketing position and company strength in its sector. Fluent in four languages, John is a cum laud graduate of the American University's School of International Service, Washington DC and also holds a Master's degree in International and Intercultural Management from the School for International Training in Vermont, USA.
CONTACT INFORMATION:
Phone: 914-669-5340 or 914-669-5481
Email: 
http://www.hcinternational.net/clients_list.asp
http://www.hcinternational.net/D3W.asp
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how will its share price react when open later?
offical now, will be lifted at 14:00 hrs.
This is the reason why halted for so long:
PROPOSED PLACEMENT OF UP TO 28,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF SINOTEL TECHNOLOGIES LTD. AT A PLACEMENT PRICE OF S$0.5052 PER SHARE
anyone have any idea...how long will this trading halt be???....
Some old news in favour of Sinotel.
SINOTEL: Lively Q&A with investors
Written by Leong Chan Teik
Monday, 22 June 2009
Sinotel CFO Lo Fui Chu answering questions at the SIAS Research event held at Jolly Frog Cafe on Neil Road. Photo by Leong Chan Teik
SINOTEL TECHNOLOGIES seems to be attracting buying by funds. In its recent announcement, Sinotel said Barron Partners LP of the US bought 6 million shares from a Sinotel executive director.
Prior to that, Barron already owned 3.6 million shares.
Subsequently, another Sinotel executive director - the CEO, Jason Li - sold 7 million shares, which can be interpreted as a worrying sign.
But Sinotel’s vice-president of corporate communications and investor relations, Ben Ng, told NextInsight that there is strong demand from institutional investors and the buyers were reputable funds.
If indeed funds are keen on Sinotel shares, the reason has to do with the company’s potential growth as China’s 3-G network is rolled out this year. Billions of dollars will be spent and Sinotel, which provides wireless network solutions, stands to benefit.
“Our growth prospects in the next two years should be promising,” said Ben during a meeting with SIAS Research members on Friday night (June 19).
During his presentation, he gave figures that showed Sinotel has revenue growth and profit margins that more or less track a peer, Comba, which is listed in Hong Kong and is a far bigger company.
Both also have to live with the harsh fact that it takes a long time to collect payment from their clients. (See table on the right)
Comba is listed in HK. Source of table: Sinotel
Notably, when it comes to net profit margin, Sinotel’s was way ahead at 29.7% compared to Comba’s 9.2%.
Explaining the difference, Ben said Sinotel outsources the manufacturing of its self-designed systems, and employs contract staff to perform its wireless integration work. It maintains mostly fulltime project managers to supervise ongoing projects.
Comba, in comparison, has more employees and its own manufacturing facilities. Comba, because of its size, wins bigger contracts while Sinotel can negotiate smaller jobs with healthier profit margins. Comba also has a wider presence in China, and thus incurs higher office overheads.
Participants of the seminar, which had a lively Q&A session. Photo by Leong Chan Teik
The following are some of the questions that SIAS Research members asked and the answers provided by Sinotel’s Ben and Lo Fui Chu, the CFO:
Q Who are actually your clients: the building owners or the telcos?
Ben: For our core business, wireless infrastructure projects, our direct customers are the telcos. Currently, they are China Unicom and China Mobile. We are paid by them. For outdoor solutions, the work is tendered direct from the telcos. For indoor work, the decision on who to award the job lies with the building owners. But payment comes from the telcos and the contract is signed with them.
Q How do you win contracts from the telcos? Is it through open bidding?
A For outdoor contracts, we go through a tender process. You need to be a pre-certified vendor before you can submit a bid. That’s one of the barriers to entry to this business.
For indoor work, the telcos tell us and our competitors that, say, this row of 10 buildings needs to have wireless coverage. We will then talk to the building owners, who then decide who they want to give the work to.
L-R: Roger Tan of SIAS Research, and Ben Ng of Sinotel. Photo by Leong Chan Teik
Up till now, the interesting thing is we haven’t been really competing with other players as business is abundant. This year, we have started to be selective about the work we want to do, and take on work that is easier to perform, faster to complete and has a higher profit margin.
Q Looking at your financial statements, you have less and less cash. The business is expanding – are you going to raise funds to have more working capital or borrow more and more money, which is not very good, right?
Fui Chu: If the company secures more projects and needs more working capital, our preference is to borrow from the bank. Currently, our gearing ratio is about 12% - it’s still healthy. The lowest cost of financing is still from bank loans because, looking at our stock price, the PE ratio remains low, and it would not be cost effective to raise money from the equities market. Moreover, if we were to issue placement shares, that would dilute all existing shareholders.
Equipment installed outdoors by Sinotel for wireless infrastructure.
Q Your working capital is actually financed by the banks – that’s worrying. Nowadays, you can see cases of banks refusing to roll over loans, and companies fall into trouble.
Ben: Our borrowing in comparison to the company's revenue is relatively low. In abolute terms, we are talking about RMB 30-60 m, which represents only about 10% of the company’s full-year revenue last year, which was RMB 362 m.
That’s why we stress that we are not highly geared. Moreover, our loans are used for working capital needs only and these are to fund contracts which we have already secured. Some of the companies that have gotten into trouble had borrowings that were much higher relative to their revenue and earnings.
Q Will you give dividends?
Ben: As I have explained, this year is poised to be one of the milestone years for Sinotel. We are likely to experience growth and we want to make use of every dollar to expand the business, so that every shareholder can benefit eventually.
Roger Tan (Vice-President, SIAS Research): I’m not helping Sinotel but the decison of the business falls into three parts – investment, financing, and dividends. First thing to decide on, is whether what they are investing in - is it giving sufficient returns? If they are getting sufficient returns, they will get financing for the business. What should they finance with: equity or debt?
Beijing Railway Station is one of several landmark buildings which Sinotel has done projects on.
What they are saying is, if my PE ratio is only 3 – in other words, if i take one over 3 is 30 over per cent – if I go to the market and issue shares or do a rights issue at that kind of PE ratio, I'm taking from the market at a cost of 33%. But if I borrow from the bank, it’s, say, only 5%, and I’d be saving a lot of money. Next they go out and make money and the last part is the dividend decision – should I give my profits back to shareholders, who then will have a reinvestment issue? Or I don't declare dividends, because I'm pretty sure my business will do well if I reinvest in it.
samson ( Date: 03-Sep-2009 22:21) Posted:
Sinotel Listing is US ?
HC International is a focused and dedicated organization that acts as a premier informational resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. We help our client companies package their corporate information in a clear, concise and consistent manner while facilitating introductions to the right investors at the most opportune time.
Investor Relations For Foreign Based U.S. Listed Companies
Sinotel will host meetings throughout the New York area September 8-11th. To request a meeting with the Company, please contact Mr. John Mattio of HC International
JOHN T. MATTIO - SENIOR VICE PRESIDENT:
John Mattio joined us in 2008. John is a career internationalist having worked and traveled to more than 100 countries his 15-year career in international business, trade and finance. For 10 years, he represented the international sales, marketing and distribution interests of mid and large cap multinational US firms in the Industrial, Food service, Hardware& Lawn and Garden and Automotive industries. In doing so, he aided the development of profitable global networks of direct sales and retail channels with offices throughout the world for noted brands such as Hamilton Beach, Turtle Wax, Hunter Fan and MTD Products. John has also worked for global logistics and trade companies based in the US and Switzerland. His unique experience and in depth understanding of local business and management platforms provides HCI the experience to qualify the operational and management team expertise essential to producing returns for investors. Moreover, his international communication skills are instrumental in presenting our clients marketing position and company strength in its sector. Fluent in four languages, John is a cum laud graduate of the American University's School of International Service, Washington DC and also holds a Master's degree in International and Intercultural Management from the School for International Training in Vermont, USA.
CONTACT INFORMATION:
Phone: 914-669-5340 or 914-669-5481
Email:
http://www.hcinternational.net/clients_list.asp
http://www.hcinternational.net/D3W.asp
|
|
Sinotel Listing is US ?
HC International is a focused and dedicated organization that acts as a premier informational resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. We help our client companies package their corporate information in a clear, concise and consistent manner while facilitating introductions to the right investors at the most opportune time.
Investor Relations For Foreign Based U.S. Listed Companies
Sinotel will host meetings throughout the New York area September 8-11th. To request a meeting with the Company, please contact Mr. John Mattio of HC International
JOHN T. MATTIO - SENIOR VICE PRESIDENT:
John Mattio joined us in 2008. John is a career internationalist having worked and traveled to more than 100 countries his 15-year career in international business, trade and finance. For 10 years, he represented the international sales, marketing and distribution interests of mid and large cap multinational US firms in the Industrial, Food service, Hardware& Lawn and Garden and Automotive industries. In doing so, he aided the development of profitable global networks of direct sales and retail channels with offices throughout the world for noted brands such as Hamilton Beach, Turtle Wax, Hunter Fan and MTD Products. John has also worked for global logistics and trade companies based in the US and Switzerland. His unique experience and in depth understanding of local business and management platforms provides HCI the experience to qualify the operational and management team expertise essential to producing returns for investors. Moreover, his international communication skills are instrumental in presenting our clients marketing position and company strength in its sector. Fluent in four languages, John is a cum laud graduate of the American University's School of International Service, Washington DC and also holds a Master's degree in International and Intercultural Management from the School for International Training in Vermont, USA.
CONTACT INFORMATION:
Phone: 914-669-5340 or 914-669-5481
Email:
http://www.hcinternational.net/clients_list.asp
http://www.hcinternational.net/D3W.asp
Sinotel Technologies, Ltd. to Present at the Rodman & Renshaw Annual Global Investment Conference on September 11th at 8:45am ET
Press Release
Source: Sinotel Technologies
On Wednesday September 2, 2009, 9:00 am EDT
BEIJING, Sept. 2 /PRNewswire-Asia/ -- Sinotel Technologies, Ltd. (Singapore Exchange: D3W) ("Sinotel" or "the Company"), an installer of wireless telecommunications infrastructure and related technologies, today announced that it will present at the Rodman & Renshaw Annual Global Investment Conference, to be held September 9-11, 2009, at the New York Palace Hotel in New York City.
Ms. Fui Chu Lo, Chief Financial Officer, and Mr. Ben Ng, VP of Corporate Communications are scheduled to present at 8:45am ET on Friday, September 11th, 2009 and are available to host one-on-one meetings with conference attendees throughout the three-day event. Ms. Lo and Mr. Ng will discuss their products and services to meet the demand of China's rapidly-expanding 3G network, backlog of contracts, the Company's recent financial results, and Sinotel's long-term growth plans.
Conference registration is mandatory. For more information on the conference, contact your Rodman & Renshaw representative or to register please visit
http://www.rodmanandrenshaw.com .
Sinotel will host meetings throughout the New York area September 8-11th. To request a meeting with the Company, please contact Mr. John Mattio of HC International at (914) 669-5340 or by email at
john.mattio@hcinternational.net.
Hi,
I am a newbie in trading and bought 10 lot of Sinotel 2 days ago. May I know what is placement and if it is, what can or should I do?
Thanks & Regards
-Mike-
Market talk says probably doing a placement. Will the share price react positively to this if confirm?
halt for whole day.
good or bad signs ?
anyone have updates on the announcement?
thanks
extend the O a little bit , it will be $3 stock. Have faith, hahaha
Hulumas ( Date: 01-Sep-2009 20:27) Posted:
Singtel = Sinotel ?
richtan ( Date: 01-Sep-2009 14:10) Posted:
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I beg to differ, see extract from Dr. Chan in answer to your point "it's simple logic..but sometimes we get too caught up with the "good economic news" that we forget that the economy is in bad shape" :
Stock markets always behave ahead of economic data.
Before economy recovery is officially acclaimed, share prices are mostly in “buy” category.
When recovery has been officially acclaimed, share prices may have skewed to the high side. |
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no more penny , upgrade to 1
anyone know what is the news going to be release?
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
SINOTEL TECHNOLOGIES LTD. |
| Company Registration No. |
200614275R |
| Announcement submitted on behalf of |
SINOTEL TECHNOLOGIES LTD. |
| Announcement is submitted with respect to * |
SINOTEL TECHNOLOGIES LTD. |
| Announcement is submitted by * |
Jia Yue Ting |
| Designation * |
Executive Chairman |
| Date & Time of Broadcast |
03-Sep-2009 08:37:13 |
| Announcement No. |
00005 |
| The details of the announcement start here ... |
| Date of Trading Halt * |
03-09-2009 |
| Time of Trading Halt * |
0900 hours |
| Reasons for Trading Halt * |
| Pending release of announcement. |
|
