Adampak

(05-03-2012, 09:18 PM)FFNow Wrote: 1) Is Adampak still operating from the factory in Ayutthaya? If yes, is it back to full-capacity?

2) I understand recently Adampak has leased a new factory in Amata Nakorn Industrial Estate, Chonburi Province. Is the company operating from this new factory? If no, will it be operating from this factory in the future?

3) If a flood were to strike again in Thailand, how prepared do you think Adampak is to cope with the challenges? Is Chonburi region less flood-prone compared to Ayutthaya and that's why the management decided to lease a factory in this region?

Based on available info, Adampak has closed down their previous leased factory in Ayutthaya, which has been returned to its Thai landlord after some repairs. Adampak's new replacement and leased factory at Amata Nakorn Industrial Estate, Chonburi Province, is scheduled to start production in Apr12. Whether another massive flood (like the one last Oct/Nov) will strike Thailand soon, and how prepared is Adampak when it happens, I don't know. I suppose you can give Adampak or their IR Manager (Financial PR) a call to have a better assessment after reviewing S&P's latest update report on Adampak issued yesterday (6Mar12).....
http://research.sgx.com/reports/rpt_view.pl?id=6709

To me, it is quite clear a strong business and profit recovery in 2H can be anticipated, and there should be more analyst reports coming out (after the briefing held on 5Mar12) to confirm this view.

Based on the continued buying this morning, Mr Market seems to be buying into this view?

Lim & Tan wrote a report after the analyst briefing:

http://www.remisiers.org/cms_images/rese...060312.pdf [Report]

It seems that Adampak will be spending US$4-5 mil to rebuild their Thai ops. They have also hinted that dividends would return to 3.0 cents per share if profitability recovers to US$8-9 million.

(Vested)

OSK/DMG also wrote a brief and positive update report (in p3) on Adampak in their daily Morning Matters today (7Mar12).....
http://www.remisiers.org/cms_images/rese...atters.pdf

Adampak is heavily reliant on the HDD sector and a small blip in the sector like the recent Thai flood affected the business so much. Also, within Adampak's HDD business, it's heavily dependent on Seagate and WD for revenues. Thus, isn't it better to directly invest in the customers like Seagate and WD and suppliers like 3M instead?

31cts today! 1 ct dividends included.

Will be expecting prices to trend up slowly... positive news expect in april 2012 for the new thai factory start of operations...

Well done management!

http://www.convergent.com.sg/itshow2012/corsair3.html

Flash drive now in the market. $1,119 for 500GB.

(11-03-2012, 04:24 PM)Contrarian Wrote: http://www.convergent.com.sg/itshow2012/corsair3.html

Flash drive now in the market. $1,119 for 500GB.

Compare that with Hitachi's 500GB HDD at $129. Almost 10x cheaper. http://www.convergent.com.sg/itshow2012/hitachi.html

(11-03-2012, 05:01 PM)FFNow Wrote:

(11-03-2012, 04:24 PM)Contrarian Wrote: http://www.convergent.com.sg/itshow2012/corsair3.html

Flash drive now in the market. $1,119 for 500GB.

Compare that with Hitachi's 500GB HDD at $129. Almost 10x cheaper. http://www.convergent.com.sg/itshow2012/hitachi.html

The Hitachi's 2TB Touro Desk model of HDD is only going for $209 - i.e. $0.105/GB. This is only 4.7% of the $2.238/GB unit price of a 500GB flash drive - i.e. the unit cost/price of data storage from high-capacity HDDs can be more than 20x cheaper than that of flash drives of comparable or smaller storage capacity!

> Compare that with Hitachi's 500GB HDD at $129. Almost 10x cheaper

We will see in 1-2 years time. Whether the difference is at same rate or narrower...

(11-03-2012, 10:36 PM)Contrarian Wrote: > Compare that with Hitachi's 500GB HDD at $129. Almost 10x cheaper

We will see in 1-2 years time. Whether the difference is at same rate or narrower...

It is difficult to beat HDD in price in the near future.
Semiconductor plants are priced in billions.
HDD plants for bigger hdd?? it's the same old plant with a change in hdd platter and magnetic seek head technology.