18-11-2012, 08:16 PM (This post was last modified: 23-10-2013, 03:10 PM by CityFarmer.)
I've noticed a lack of prior discussions regarding this company.
Its price has declined close to 50% from a peak of USD 4.00, which provides a P/B ratio per share of almost 1.
The dividend yield (>8%) is pretty decent at this price, though this is the result of a very high dividend ratio.
Other than a recent general decline in earnings because of lacklustre demand in the electronics industry, are there any factors (most notable, any evidence of poor management) that have contributed to the significant decline in share price?
I am thinking of adding this counter to my portfolio if a price drop of >20% or more is observed (a fair company at a good price?).
Yup price look reasonable especially with the new factory in china start to contribute. Fairly close to NAV. Is a good play if u believe the demand is picking up
(10-01-2013, 12:49 PM)evilbdboi Wrote: Any one has a view on this? Fundamentals looks positive.
used to own this company but sold off after the dual lisitng and netted big profits. couple of reasons why i sold
1. over value at that time
2. mgt is ignoring singapore shareholders and move the agm now to hk
3. company is investing into property vs their core biz. look at the parent kingboard group n you will know what i mean
4. the pcb biz is in over capacity an vol not picking up strongly from their lows. pc biz on the decline n taken up by smart phones which uses less sq footage of pcb
The dividend has been cut from 7 cents to 3 cents.
Ex - Dividend date is on 14th August.
Last year, the dividend was cut to 7 cents from 9 cents.
The share price took a 25% dive from 2 $ / share to 1.56$ / share.
If one expects history to repeat / rhyme, one would see the share price dive from current 1.19 or so.
Adding the financial results of the company in the post.
Will it be attractive at that point, potentially, as if it falls below 1$, it may help management to make a de-listing offer as they are already listed in Hong Kong.
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
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Elec & Eltek International Company Limited wishes to inform shareholders of the Company and potential investors that the Group is expected to record a turnaround of a net profit of over approximately US$10 million for the year ended 31 December 2016 ("Current Period"), from a loss attributable to owners of the Company of approximately S$4.8 million for the year ended 31 December 2015.
The major factors attributable to the increase in net profit in the Current Period include :
(i) the increased sales proportion of higher profit margin products arising from an adjustment in product mix allocation as disclosed in the 2016 Interim Report;
(ii) the increased profit margin of the products manufactured and sold by the Group.
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