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Elec & Eltek Int Co
18-11-2012, 08:16 PM. (This post was last modified: 23-10-2013, 03:10 PM by CityFarmer.)
Post: #1
Elec & Eltek Int Co
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?).

Cheers,
Willow

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31-12-2012, 11:59 PM.
Post: #2
RE: Elec & Eltek Int Co Ltd
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

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10-01-2013, 12:49 PM.
Post: #3
RE: Elec & Eltek Int Co Ltd
Any one has a view on this? Fundamentals looks positive.

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10-01-2013, 01:12 PM.
Post: #4
RE: Elec & Eltek Int Co Ltd
(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

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10-01-2013, 01:52 PM.
Post: #5
RE: Elec & Eltek Int Co Ltd
I would want to know why the tax rate of 7% is so low... especially if you think that the business should be largely measured on an earnings basis

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22-07-2014, 03:26 PM.
Post: #6
RE: Elec & Eltek Int Co
Adding in a post on Elec & Eltek.

Over the last one year, price has fallen 28%

https://sg.finance.yahoo.com/echarts?s=E...I;range=1y

Saving grace is that the stock has been downgraded by analysts, so, potentially pessimism will start setting in.

I suspect we will see some dividend cut as the earnings were poor so far in year based on q1 results, which will let the bears out in force.

After that , one can look to go bottom fishing


Attached Files
.pdf   SG_Elec & Eltek_4QFY13 Results Review_20140310.pdf (Size: 194.81 KB / Downloads: 18)
=========== Signature ===========
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.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures

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07-08-2014, 02:25 PM.
Post: #7
RE: Elec & Eltek Int Co
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.


Attached Files
.pdf   Elec_2QCY2014Results_30072014_Eng.pdf (Size: 99 KB / Downloads: 9)
=========== Signature ===========
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.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures

http://sgx-stocks-sti.blogspot.com/
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13-10-2014, 06:00 PM.
Post: #8
RE: Elec & Eltek Int Co
3Q2014 financial results will be announced on Monday, 3 November 2014 after 5.05pm.
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

https://prf.hn/click/camref:1101ldv3E
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05-11-2014, 01:28 PM.
Post: #9
RE: Elec & Eltek Int Co
3Q 2014 results show loss. No reaction in price


12:53:14 1.38 2000
11:59:39 1.375 5000
11:14:59 1.38 3000
11:13:10 1.38 1000
11:13:10 1.38 1000
10:43:50 1.385 1000
10:33:39 1.4 1000
10:33:39 1.4 4000

Low volume, slight 1.4% drop.

Let us wait and watch
=========== Signature ===========
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.

The market will always find a new way to make a fool out of me (and maybe, even you!).

Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.

I am not immune to that, so please understand that any past success of mine will probably be followed by failures

http://sgx-stocks-sti.blogspot.com/
Website Find Reply
20-01-2017, 05:55 PM.
Post: #10
RE: Elec & Eltek Int Co
Positive Profit Alert

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.
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

https://prf.hn/click/camref:1101ldv3E
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