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Today (13Jul15, Monday), following the good 1Q result released last Friday (10Jul15), and backed by a volume transacted of only 248,500 shares, Cheung Woh rose a solid $0.02, or 9.3%, to close at $0.235. Against the latest (as at 31May15) NAV/share at $0.3601, Cheung Woh appears still grossly underpriced - at least from the perspective of asset-coverage.
I now look forward to the 2Q result which is expected around 10Oct15 (in accordance with last FY14's 2Q result announcement on 10Oct14), and another interim dividend (last FY14: $0.005/share).
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in latest AGM, heard fm mgmt that they supply aircomb to both Seagate and WD, anyone can validate this?
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Based on the FY15 (ended 38Feb15) and 1Q (ended 31May15)-FY16 results, Cheung Woh now has a total of 5 quarters of continuous 'printing good money' kind of profitability and positive FCF generation, running at a steady rate of approx. $0.042/share p.a. in EPS, and approx. $0.066/share p.a. in aftetax FCF (before capex). As 1Q is supposedly a seasonally slightly slower quarter for Cheung Woh's production due to the CNY effects, the coming 2Q and further 2 quarters' results should confirm convincingly the underlying strengths of Cheung Woh's current expected positive earnings growth trajectory.
I suppose shareholders should just sit tight for the ride.
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a combination of low pbv, low pe, and solid balance sheet.
hopefully, the declining demand for hdd in consumer electronic can be be offset by demand from data servers and cloud computing.