Casa Holdings

(01-02-2013, 06:25 PM)Wildreamz Wrote: Anyone attended the AGM?

It is a pity that I bought Casa using SCB, that I can't attend.

Any significant announcement?

hi,

you can actually attend if you want to. You just need to call up SCB and let them know your intention to attend the AGM. give them ample notice.

Anyone have any idea how many of the new developements will be using their products? Anyone had been visiiting showrooms? Thanks.

(03-02-2013, 02:07 PM)NTL Wrote: Anyone have any idea how many of the new developements will be using their products? Anyone had been visiiting showrooms? Thanks.

The following are the list of projects using their products. For new developments projects, you may have to filter out from this list. However, it does not indicate which products from casa these projects are using.

http://www.casaholdings.com.sg/projects.asp

(03-02-2013, 04:52 PM)ngcheeki Wrote:

(03-02-2013, 02:07 PM)NTL Wrote: Anyone have any idea how many of the new developements will be using their products? Anyone had been visiiting showrooms? Thanks.

The following are the list of projects using their products. For new developments projects, you may have to filter out from this list. However, it does not indicate which products from casa these projects are using.

http://www.casaholdings.com.sg/projects.asp

Thanks! I do not know there is such a list, else would have not asked.

Usually, from what I can see at showrooms, all the kitchen appliances, maybe except the fridge will come from one brand. Let me see go thru the list and see how many sets will they be selling in the coming years.

Hi all,

I'm new to this forum, stock investing and value investing.
Hope to learn more about value investing for all experts here.

anw, i was looking for a stock to buy for my first stock investment.
randomly by chance, i started with Casa holdings from a list of companies.
for the past years, the track records for Casa holdings were good and currently it seems like under-valued.

however, i have a doubt on the FY12 annual report.
i noticed that the figures in the income statement under the FY11 is different from the figures are reported in FY11 annual report.
and if you look at the financial highlights of FY12 (in the top few pages of the annual report), the revenue growth is actually a decrease instead of increase.

i tried looking for the company's notices/news on the restatement but i couldn't find it.

therefore, i would like to check if anyone knows the reasons/basis for the different figures?

Is it this?


9. Discontinued Operations
On 10 July 2012, the Group disposed of its 50% equity interest in Panan Teco Electrical Appliances Co., Ltd,
a joint venture in China, for a cash consideration of $2,760,000. Accordingly, the results of the joint venture
are presented separately on the statements of comprehensive income as “Discontinued operations”.


Casa sold away Panan Teco Electrical Appliances Co in FY12. The figures were adjusted to reflect continued and discontinued operations in FY12 and FY11.
You can add the numbers at 9 to the continuing operations and they will balance up nicely for FY11.

Thanks yeokiwi! =)
I overlooked on that section.

Today's (5Jun13) announcement.....
http://info.sgx.com/webcoranncatth.nsf/V...1003803AE/$file/Announcement.of.SPA.and.JV.pdf?openelement
on forming a new interim 55/45 j-v with an affiliated company Polybuilding (S) Pte Ltd (owned by Chairman/CEO Lim Soo Kong and his son, Stefan Lim (also a director of Casa), to purchase 2 plots of freehold industrial land in Johore for a total MYR7.937m and to build 2 warehouses and a factory on combined piece of land, gives me an impression of quite a smart transaction.

That means upon completion of the new warehouse in Johore, Casa may consider selling its existing warehouse located at 15 Kian Teck Crescent sitting on a JTC leasehold (14+16 years) land plot of 7,552 sq.m.

Announcement on land purchase and development. Anyone here familiar with Malaysia Land can share whether this is a good location?

------

The Board of Directors (Board) of Casa Holdings Limited (Company) wishes to announce that it
has on 26 July 2013, through a joint venture (details of which are provided in 1.2 below), entered
into a conditional sale and purchase agreement (SPA) with Giant Star Sdn. Bhd. (Vendor) to
acquire 25 lots of land in Teluk Jawa, Johor Bahru, Malaysia (Land) from the Vendor at a
consideration of RM115.0 million (Proposed Acquisition). Through the Proposed Joint Venture
(as defined below), the Company and its subsidiaries (Group) will have an effective interest of
34.3% of the Proposed Acquisition.

----

The Land comprises 25 lots (titled HS(M) 4063 to HS(M) 4087 Mukim Plentong, Johor Bahru) and
is located at the sea front and less than one (1) kilometre away from Senibong Cove, a masterplanned integrated residential, tourism and marina estate on the eastern coast of Johor Bahru, Malaysia. The Land is located approximately 12 kilometres away from Woodlands checkpoint.
The JV Co intends to use the Land for the development of residential and commercial properties.
The purchase consideration (Consideration) for the Proposed Acquisition is RM115.0 million.
There is currently no profit that is attributable to the Land. The net book value of the Land is
based on historical cost and had not been re-valued. The Company had commissioned an
independent valuation of the Land and such valuation will be included in the circular to
shareholders to be issued in connection with the EGM. The Land has a net land area of 53,671
square metres based on the aggregate size of all the subdivided titles.

Noticed a steady accumulation of this stock around the 18 cents level. Not vested.