Nam Lee Pressed Metal

(16-09-2016, 10:36 AM)Jack EL Wrote:

(16-09-2016, 10:28 AM)TUBInvesting Wrote: in fact there is an analyst report just today or yesterday on this stock.

Maybe the time has come AGAIN...

<Not Vested>

http://tubinvesting.blogspot.sg/

Hi do you have the link to the report? Thanks

http://internetfileserver.phillip.com.sg...160916.pdf
FYI

(16-09-2016, 11:25 AM)lanina1 Wrote:

(16-09-2016, 10:36 AM)Jack EL Wrote:

(16-09-2016, 10:28 AM)TUBInvesting Wrote: in fact there is an analyst report just today or yesterday on this stock.

Maybe the time has come AGAIN...

<Not Vested>

http://tubinvesting.blogspot.sg/

Hi do you have the link to the report? Thanks

http://internetfileserver.phillip.com.sg...160916.pdf
FYI

Thanks!

Big thanks to Richard Leow POEMS analayst,

Looks like featured in Nexinsight analyst recommendation round up...
http://www.nextinsight.net/index.php/sto...-sept-2016

Their target price is 69cents lol very optimistic.

Big hi to you Lanina1 , thanks for the info, rep given!

- v -

Slowly and steadily creeping up to 43cents now after the analyst report, it seems like someone is collecting whatever is available. Perhaps the POEMS people will really push it up to 60cents+.

-v-

Results for year end 16 out, sales and gross profit down by 21% respectively yoy. NAV 53.2 cents, dividend 2 cents. Price taking a hit.

(30-11-2016, 12:52 PM)kevlee Wrote: Results for year end 16 out, sales and gross profit down by 21% respectively yoy. NAV 53.2 cents, dividend 2 cents. Price taking a hi

Its seems that some ppl already knew and had sold it down from 40c+ some time before the results were out.
Looks like business is still taking some hit from the weak property market as expected. However they did not seem to have published any breakdown of segment sales on the container construction side. 
TR also seems to have decreased which means once again business is ramping down. Stock price should be on a downward trend again now unless aluminium price spike more or big container order comes in. 

-v-

I still can't understand the price movement from 32c to 43c. Probably is some small institutional buying. I am still hopeful as I am expecting window dressing end of the year assuming it was institutional buying previously. If I am wrong, I am still paid 2c dividend holding a higher NAV to price stock.

(30-11-2016, 02:23 PM)BlueKelah Wrote:

(30-11-2016, 12:52 PM)kevlee Wrote: Results for year end 16 out, sales and gross profit down by 21% respectively yoy. NAV 53.2 cents, dividend 2 cents. Price taking a hi

Its seems that some ppl already knew and had sold it down from 40c+ some time before the results were out.
Looks like business is still taking some hit from the weak property market as expected. However they did not seem to have published any breakdown of segment sales on the container construction side. 
TR also seems to have decreased which means once again business is ramping down. Stock price should be on a downward trend again now unless aluminium price spike more or big container order comes in. 

-v-

It is obvious that the local property market is not going great guns for for Nam Lee. However the reduction in the dividend payout from 2.5c to 2.0c was definitely disappointing. Considering the cash hoard has increased to $46mil I had hoped that they would at least maintain the dividend considering that most of their capex has already been done. Seems like the near future is not too great and so management is hunkering down for some lean times to come.

"seems like the near future is not too great and so management is hunkering down for some lean times to come."

this is what all local companies do in lean time, most logical.. keep cash first...

I would do the same too.

Saw this on NextInsight's buy/hold/sell section today. Phillips Securities are quick to release a report to support their previous one. Perhaps too quick lol....

@Jack EL : there you go, small "institutional" buying from Phillips clients pushing up from 30c to 40c. The other reason is the rise in Aluminium prices this year, from what i read commodity prices are going crazy up again from all the speculators in China this past month, but seems their gov is starting to clamp down again...
The World Is Feeling the Might of China’s Commodity Traders

only bright side is Ringgit has gone down quite a bit so hopefully Nam Lee's will benefit from the lower costs and forex gains next couple quarters.

@bratzz : seems like a lot of profitable companies are preparing for lean times. Manu will be KPKB at the AGM again lol...

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Phillips Securities Nam Lee

Nam Lee Pressed Metal Industries
Dragged down by 4Q, but no change in thesis of being a yield play
 S$129.4mn FY16 revenue missed our forecast of S$143.3mn by 9.7%
 S$28.0mn FY16 gross profit missed our forecast of S$32.9mn by 14.9%
 S$9.1mn FY16 PATMI missed our forecast of S$12.4mn by 26.6%
 1.0/1.0 cent final/special dividend declared, 53% payout (FY15: 1.0/1.5 cents, 47% payout)