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KIM ENG 25/8/2011 Research
Stripping out exceptional items such as forex loss, fair value gain and tax on revaluation, Raffles Education’s (REC) 4QFY Jun11 results were largely in line with our expectation. On a full‐ year basis, core profit from its education business stood at about $21.8m (‐ 40.4% YoY). In any case, we believe the market has already discounted the uninspiring FY Jun11 results. A final dividend of 0.45 cents per share was proposed (total payout of 0.90 cents per share for the whole year), which translates to an annualised yield of 2.1%. Maintain BUY.......
Action & Recommendation We maintain our BUY recommendation and SOTP‐ based target price of $0.80. Near‐ term re‐ rating catalysts include the successful monetisation of Oriental University City’s (OUC) landbank and faster‐ than‐ expected recovery in student numbers.
Raff les Education
S$0.435 | Neutral
Credit Suisse upgrades Raffles Education to Neutral from Underperform given the stock’s recent underperformance and keeps S$0.45 target price.
It says Raffles Education reported weak Q4 results, with revenue down 19 per cent on year, and excluding S$76.8 million in revaluation gains on its OUC investment property, “would have reported S$14.2 million net loss, marking the worst quarterly performance since listing”.
House says Raffles Education’s earnings outlook in China remains challenging, but it sees further traction from new colleges across Asia and upside from larger-scale university projects in Malaysia, India and Australia.
final result out, not bad but price not moving.
notice this counter slow down dropping speed and low vol. trading.
today up 1.5cts to 0.475....did not break support 0.455...still got hope for the time being?
remember last round at 0.475 many people missed the boat... it slowly went up to 0.65...than stock market earthquake after S& P downgrade....
Raffles Edu is still on down trend with poor fundamental..
http://mystocksinvesting.com/singapore-stocks/rafflesedu/raffles-education-continue-on-down-trend/
Hopeless for the time being!
hahaha....lost balance liao... after a huge overnight earthquake....many big buildings collapsed..
no worry, steady RE, hang in there...
derekchong ( Date: 05-Aug-2011 11:21) Posted:
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bo pian liao, has to go down. no steady man.
tdy opened at 0.61, closed up 0.005 to 0.63 day's high, with nearly 3.5mil shares traded...not too bad...
still refuse to go down....steady man...
The fundamentals remain horrible in Raffles Education. Remember that 'hope' is not an investment strategy. This one is going down. Get over it.
It means that this counter have potential towards to the upward trend ..... Don't miss the boat before it is too late.
Good luck for those vested this stock.
this one steady, refuse to go down.
Steady this counter... Raffles Edu.......Steady carsem....
carsem ( Date: 02-Aug-2011 13:41) Posted:
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One should really be praying that counters don't drop...
Rather than expecting it to rise when others
are dropping like sheet...
Hope will alwayd be accompanied by biting of nails...
carsem ( Date: 02-Aug-2011 13:41) Posted:
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Steady this counter.... Raffles Edu should be next shining star .... Hope to see $0.70 soon
BBs not on it yet lets see the last 30 minutes ..
Bought sum @ .58 3wks back sold sum @ .63 ytd ...
This stock like See Saw .. ... ... always sudden choingz .. Good Luck everyone !!
Take Bus must Alight hor ...
Probably this is just a brief reaction to a peice of good news and awaiting announcement that the deal has completed before a brief rise and sell down. Fundamental is still the same. Debt is still high. However sale may boost the next financial report and provide higher dividend. Not really anything exciting.
i already bought at 0.48c
hyruga ( Date: 28-Jul-2011 21:47) Posted:
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If you had read my article and bot before 28 July, you would have earned some money by now. Dont forget to thank me.
hyruga ( Date: 17-Jul-2011 20:54) Posted:
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