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If days (within a week or so) is your timeframe to earn monies, buying shares is not enuff. Muz margin lend, short and contra alot of lots each time to really make monies. Correct me if I'm wrong here :)
I have seen stocks that fall after insider buying, because profits are not as much as analysts expect or simply because the entire market is headed south.
I vaguely remember the time i bought a company after i heard insiders buy at high price, then the price fell another 40% because the entire market was down. I didnt care and two years later it became a multi bagger.
Insiders may be thinking ahead by years, the stock may also not move for years.
You should buy on FA only if you can hold for atleast 3 years, that is another lesson i have learnt. It is not unusual for markets to ignore a good stock for 2 years.
As for bright world what is the present div yeild ? if it is higher than the bank rate then this is a good stock to buy and hold.
|
Buying Spree! Golden Sands wrote: |
| Chairman Wang WeiYao, open market purchase 19 June 2006 - 1,390,000 @ 0.41626 20 June 2006 - 741,000 @ 0.40807 30 Aug 2006 - 2,000,000 @ 0.40142 6 March 2007 - 385,000 @ 0.385 7 March 2007 - 882,000 @ 0.3945 9 March 2007 - 980,000 @ 0.42512 Total 6,345,000, 1.5863% Independent director Mak Kin Kwong 21 Nov 2006 - Open market purchase 60,000@0.425 21 Nov 2006 - Private acquisition from non-related 3rd party, 940,000@0.42, Total 1,000,000 0.25% Prudential Asset Management(s) Ltd 24 May, 2006, increased stake from 5.288% to 6.015% |
And yet Mr Wang buys again. This time 510,000 shares.
Total stake now 75.46%
Is something brewing?
And yet Mr Wang buys again. This time 510,000 shares.
Total stake now 75.46%
Is something brewing?
Mr Wang buys again on 9 March 2007, 980,000 shares.
Total stake now - 75.34%
Yes, Director Wang Wei Yao bought 1,234,000 shares over two days, 6 and 7 March 2007.
The stock traded between 0.365 and 0.40 during those two days.
Incidentally, he has a majority stake in Kim Pan Limited, which in turn holds 74.8% of Bright World.
Source - SGX.
Is this an open market purchase by a director at 0.395 ?
Powered by tax-cut news!!!
Currently, foreign firms pay just 15 percent tax, while Chinese companies pay 33 percent. Now they will standardise all to 25percent.
So ignore these broker reports and do your own thinking.
Brainless approaches like simply buying low p/b do well while chasing last months winners does miserably, I think that the financial times article s on various passive portfolios illustrates this. Cant remember authors name right now . Low p/b is beating the analyst upgrade portfolios. So why listen to the analysts?
To summarise growth is not the only parameter in valuing a stock and qaurterly results for small companies are just noise to be ignored.
just to share some report from dbs
<
Story: BWPM?s FY06 earnings grew by a decent 20% y-o-y on
40% rise in sales. However, top and bottom line came in 4% and
6% below our expectations.
Relevance: Current valuation at 6.4x FY07 earnings is
undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn?
Story: BWPM?s FY06 earnings grew by a decent 20% y-o-y on
40% rise in sales. However, top and bottom line came in 4% and
6% below our expectations.
Relevance: Current valuation at 6.4x FY07 earnings is
undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn?
40% rise in sales. However, top and bottom line came in 4% and
6% below our expectations.
Relevance: Current valuation at 6.4x FY07 earnings is
undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn?
just to share some report from dbs
<
Story: BWPM?s FY06 earnings grew by a decent 20% y-o-y on
40% rise in sales. However, top and bottom line came in 4% and
6% below our expectations.
Relevance: Current valuation at 6.4x FY07 earnings is
undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn?
Story: BWPM?s FY06 earnings grew by a decent 20% y-o-y on
40% rise in sales. However, top and bottom line came in 4% and
6% below our expectations.
Relevance: Current valuation at 6.4x FY07 earnings is
undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn?
40% rise in sales. However, top and bottom line came in 4% and
6% below our expectations.
Relevance: Current valuation at 6.4x FY07 earnings is
undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? undemanding. Maintain BUY with reduced target price of S$0.62,
pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn? pegged to 9x FY07 earnings.>
But I still don't understand why are they keeping a buy when the FY had been so disappointing? Kind of stubborn?
I noticed something about Spore stocks.
1) If a company disappoints in its FY result regardless of whether its still profitable or loss, its px will drop no matter how low its PE is 5,3 or 1.
2) But if a company post a reasonably good FY, its PE will cheong to some double digit, maybe higher than its peer.
Interesting, from this perspective, one should not be "stubborn" & hugging to a low performing stock. Better to abandon it & hop on to a fast cruiser. If one really "must have" the stock, wait till market correction. I am sure during the correction, this stock will be punished twice as heavily & you can get them "cheap cheap".
Lets hope the stock price falls more as you can get an even better yeild on your investment then.
...................
Bright World: Shining outlook for 2007
Summary: Bright World Precision Machinery (BWPM) reported a rather disappointing set of 4Q06 results; although revenue of RMB127.1m (+34.4% YoY) was 2.1% ahead of our forecast, it was down 1.8% QoQ. It was also short of the RMB140m sales guidance given earlier, but we understand this is due to an order push-out, which has already been delivered and will be booked in 1Q07. Meanwhile, net profit fell 4.8% (also down 11.3% QoQ) to RMB35.6m, or nearly 14.0% below our forecast. We see that this is mainly due to a sharp increase in expenses, both operating (+35.5% YoY) and administrative (+247.9% YoY). For FY06, revenue grew 39.8% to RMB449.3m (vs. our RMB446.7m forecast), while net profit rose 20.3% to RMB115.8m, which fell 4.7% short of our forecast and was 10.9% below the company's RMB130m guidance. BWPM also declared a final dividend of RMB0.087 per share, or 30% of its earnings. While we are keeping our BUY rating, we are likely to adjust our S$0.63 fair value and our FY07 estimates, pending more updates from management. (Carey Wong)
Looks like my optimisim in this company is totally unfounded.
Hi KC.fam. In truth, I doubt so. I am heavily vested and wish it heads north!
I think this is a fantastic company. Right industry, market leader in a country that manufactures almost anything for the world's consumption. With today's result, the EPS is 7.6 singapore cents, PE 5.8x (@44cts) with dividend yield of 2.5%.
It is positioned for further growth in the automobile industry. They are starting to ship china made cars to Europe and US. For some people it is a case of 'since we are wearing their clothes, why not drive their cars?' And this company can provide the stamping machines for ALL car manufacturers in China, not just Chinese makes.
But, this stock never moves! Well, perhaps downwards. At the last fantastic result released on 22 Nov, the price remained miserable. In fact, it fell relative to the STI 's performance! With this result, which is pretty much in line with the analyst, I can only 'hope for the best'.
Don't get me wrong. I love this company, and am heavily vested. Hoping for a miracle to jumpstart this baby.
Results for FY2006 released
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_804DC600C0F363754825727B003A7F9F/$file/FY31Dec06Results.pdf?openelement
The Group?s gross profit for 4Q06 increased 26.0% from RMB 40.6 million to RMB 51.2 million.
Overall, the Group?s gross profit for FY2006 surged 44.6% year-on-year to RMB170.1 million from RMB117.6 million, attributable to the strong turnover and gross profit performance in the second half of the year. Overall, gross profit margins for FY2006 also rose 1.2% to 37.8% from 36.6%.
Dividends of RMB 8.7 cents / share declared.