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Yes!
The volume is increasing steadily and have confident that it will surge up quite soon. Going all IN to take in more shares.
Impressive financial results and the huge stockpile area I saw everyday beside the pandan Shell station.
Government is encouraging less concrete and more steel design. That will help the steel industry to make another miracle.
Good counter indeed with sterling results but share price is depressed. It's an opportunity to accumulate. My projection as follows: 2006 (7.0¢), 2007 (8.4¢), 2008 (10.1¢), 2009 (12.1¢), 2010 (14.5¢), 2011 (17.4¢). Based on a conservative PE of 6 times, we shd should get $1.04. If we build in buffer of my projection, 84¢ - 90¢ in 5 years times. I don't see any reason not to buy now.
Agree. That is why I bought in more when the price went down. This counter is worth for long term.
I think that could be reserved for IR project, if not later like sand ! My guess. I think it is still ok to hold this counter !
If anyone still have any doubts about HG Metal, you should take a drive along AYE (towards Tuas) and exit 15A to Jalan Ahmad Ibranhim rd. Just before the Shell staion, you can see a huge (and I really mean huge) stockpile of steel beams. The side of the hording bears the name 'HG Metal'.
Now of cos, that by itself does not says much but why would HG Metal stockpile so much steel if they dun have the business to do anything with it?? Just a thought.
Barring unforeseen circumstances that affect the performance of the company,
this stock is worth holding on to, with good yearly returns, rewards the shareholders,
strong performance, projects on hand, extremely good potentials. Hence my personal opinion is
good for long term investment.
There will be profit takers, which affects the price of the stock, but fundamentally still a strong stock.
When it goes down it is time for those that missed the boat to jump in.
My personal opinion.
Jia La liao, director also take profit liao. No wonder this few days the price keep go up and down at between 0.445 and 0.46. Good Luck.
What happening???
DJ Singapore Bourse:Change In HG Metal Mfg Hldgs
Following is a Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest filed by Hg Metal Manufacturing Ltd. with the Singapore Exchange:
PART I
1.Date of notice to issuer -- 17-05-2007
2.Name of Director -- Tian Chye Heng
3.Please tick one or more appropriate box(es):
-- Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]
PART II
1.Date of change of Shareholding -- 14-05-2007
2.Name of Registered Holder -- Tian Chye Heng
3.Circumstance(s) giving rise to the interest or change in interest -- Sales in Open Market at Own Discretion
# Please specify details --
4.Information relating to shares held in the name of the Registered Holder
--
No. of Shares held before the change -- 17,722,132
As a percentage of issued share capital -- 6.30 %
No. of Shares which are subject of this notice -- 4,500,000
As a percentage of issued share capital -- 1.60 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received -- 0.46356
No. of Shares held after the change -- 13,222,132
As a percentage of issued share capital -- 4.70 %
PART III
1.Date of change of [Select Option] --
2.The change in the percentage level -- From % To %
3.Circumstance(s) giving rise to the interest or change in interest -- [Select Option]
# Please specify details --
4.A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: --
PART IV
1.Holdings of Director , including direct and deemed interest :
-- Direct -- Deemed
No. of shares held before the change -- 17,722,132 -- 0
As a percentage of issued share capital -- 6.30 % -- 0 %
No. of shares held after the change -- 13,222,132 -- 0
As a percentage of issued share capital -- 4.70 % -- 0 %
Amount of consideration is denominated in Singapore dollars unless otherwise noted.
Source: Singapore Exchange
Web site: http://www.sgx.com
(END) Dow Jones Newswires
May 17, 2007 05:08 ET (09:08 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
Those could be the contra players.... anyway.... press on....and wait for good news....
holders are selling off.... duno why?
Notice after OCBC convert the loans to share and seems that most directors shares is also diluted. Therefore, market is now more papers and this counter's share is now more diluted ! It is a good sign. Good Luck.
Whether it is BB or contra, the counter will head north if it continues to perform well..... I bought in more today to accumulate....
Bigman, why do u say that BB are pushing down the price? It seems like contra players to me instead, perhaps im wrong. anyway int in this counter too.
Have faith ! Hold to it lor or buy more to average if you felt confidence in this stock. I have confidence in this and prepare to hold it !
Curious too! Seem to me that some big players are pushing down the price. Confused!
All the fundamentals are there, healthy performance, healthy returns, BOD takes care of shareholders, projects won, etc... yet this stock does not move with the STI. Anyone able to advice on the reason(s)? Quite baffling with the downward trend when the STI posts impressive record rises.
Manufacturing (HGM SP / HGMM.SI, OUTPERFORM - Maintained, S$0.48, Target: S$0.60)
1HFY07 results - "Steel" a march on
by Jacky Lee
HG Metal's 1HFY07 net profit of S$7.6m (+70% yoy) is in line with our expectations. 1H07 profit represents 40% of consensus and our full-year forecasts, as 1H is seasonally the slowest quarter. Our FY07-09 EPS forecasts have trimmed by about 4% due to OCBC has fully converted the convertible loan (about 9m new shares have issued). Our target price is however, raised from S$0.54 to S$0.60 as we roll forward our target P/E to fully diluted 9x CY07 to CY08. Maintain Outperform.
Coming down ! Take note but I think still healthy to hold this stock.