Hotung Investment (和通）

(12-06-2015, 03:48 PM)chew Wrote: Hi, can I check what happens to the TWD dividend? Who coverts it to SGD?

The exchange rate should be provided by Hotung itself I suppose....

(12-06-2015, 04:29 PM)desmondxyz Wrote:

(12-06-2015, 03:48 PM)chew Wrote: Hi, can I check what happens to the TWD dividend? Who coverts it to SGD?

The exchange rate should be provided by Hotung itself I suppose....

The exchange rate used is TWD/SGD 22.8319 as announced by the company

http://infopub.sgx.com/Apps?A=COW_CorpAn...32115d11ca#

(not vested)

it hit 14 cents today.... what disaster have they done now ? I'm curious to read 2q report....

(27-07-2015, 12:49 PM)Gaudente Wrote: it hit 14 cents today.... what disaster have they done now ? I'm curious to read 2q report....

likely as a result of the plunge in china/hk shares today. Hotung does have a big exposure to the greater china market in its ventures.

http://infopub.sgx.com/FileOpen/2015Q2_H...eID=363784 it declared a profit of 93 million TWD but when taking into account net changes in fair value of portfolio it turns into a 83 million loss. Yet because of SGD devaluation against the TWD , NAV per share increases from 29.4 SGD cents at 31.12.2014 to 30 cents at 30.06.2015

I guess around now, they will start doing buy backs

Hotung IPO cycle over already? Wait for next round..

http://m.appledaily.com.tw/appledaily/finance

台灣限制股票沽空救市

■台灣金管會宣佈推出三招防股市崩圍。
【三招撐市】


美股上周五暴跌，台灣金管會昨宣佈推出三招，以防股市崩圍，當中涉及限制沽空、鼓勵金融業實施庫藏股（公司回購股票但不註銷）及辦業績發表會。

金管會宣佈，自今日（24日）起，投資者沽空股票及存託憑證，沽出價格不得低於前一營業日收市價，惟證券商及期貨商因辦理業務之避險需求所為之沽空不在此限。另外，基於台灣總體上市公司上半年稅前利潤錄得增長，且多數維持獲利狀況，金管會鼓勵金融業實施庫藏股，適時維護公司信用及股東權益，並鼓勵金融業及各基金買入基本面佳的績優股。

最後，金管會除持續督導交易所及櫃檯買賣中心，繼續舉辦上市公司業績發表會，以向投資者提供充份正確資訊外，並由台灣交易所邀請產業專家學者，就個別產業發展趨勢及前景舉辦產業座談會。

AR2014, Note 26 - Related Parties.

(1) Management Fees to an Associate - NT$105.2M
(2) Incentive Fees to an Associate - NT$23.6M

This amount is parked under the Operating Expense in P & L which totals NT$177M. So item (1) + (2) together makes up 72% of Operating Expense.

In FY2008 whereby Hotung made a loss, Management Fees & Incentive Fees were still NT$99.5M and NT$35.5M respectively. For the "Associate", whether it is a profit or loss year, they are "guaranteed" a respectable fees.

Which company is this "Associate"? Why is the Management Fees paid so high relative to the profit? How this Associate is linked with the control parties will probably determine whether value will be "unlocked" in Hotung. The dividend yield is indeed attractive at this price.. but will it ever be a multi-bagger if never "unlocked"? Or remain a yield-based investment?

LISTING OF AN INVESTEE COMPANY – GLOBALWAFERS CO., LTD.

The Board of Directors of Hotung Investment Holdings Limited (the “Company”, and
together with its subsidiaries, the “Group”) wishes to announce the expected listing of one
of its investee companies, GlobalWafers Co., Ltd. (“GlobalWafers”), on the Taipei
Exchange on 25 September 2015.
The Group had invested in GlobalWafers in February 2015.


http://infopub.sgx.com/FileOpen/GlobalWa...eID=370820

CEO just made a 355 lots purchase from open market last friday....


http://infopub.sgx.com/FileOpen/_FORM1_T...eID=371909