(25-09-2015, 03:17 PM)bpequity Wrote: Sorry, I have yet study their ARs and financial numbers. Just a quick question. How many percent is Singapore market contributed to overall group earning?
Thanks.
Hi BP,
If I may refer you to the below:
"Coming back to the implications for Tan Chong International, Singapore vehicle distribution accounted for between 85 – 88% of total company revenue during the bumper vehicle license quota years from 2004 – 2008 (Peak year revenue reached a high of HK$5.3b in 2005). This has since declined to trough revenue of HK$1.4b in 2013, accounting for only 15% of total company revenues. Taking into consideration the upcoming bumper quote expiration, we made the following assumptions regarding Singapore vehicle sales for 2016:"
thx for the infos
may I know how you found that they are shareholders of Fuji Heavy ? it is not in the annual report ?
Also one thing to add: Tan Chong is actually a great growth story, even if it doesnt show ! Why ? Just have a look at their international sales, outside of Singapore .
In the last ten years, sales have multiplied by nearly ten. It doesnt show because the sales in Singapore have evaporated from 2004 to 2013.
And we know that there was nothing they could do about Singapore (quotas) so they have done a great job overall
NOw, they have problems in China, but if they succeed in the next ten years as they have done in the last 10, plus the COE story, waow....
(30-09-2015, 01:06 AM)kitesurfer Wrote: thx for the infos
may I know how you found that they are shareholders of Fuji Heavy ? it is not in the annual report ?
Also one thing to add: Tan Chong is actually a great growth story, even if it doesnt show ! Why ? Just have a look at their international sales, outside of Singapore .
In the last ten years, sales have multiplied by nearly ten. It doesnt show because the sales in Singapore have evaporated from 2004 to 2013.
And we know that there was nothing they could do about Singapore (quotas) so they have done a great job overall
NOw, they have problems in China, but if they succeed in the next ten years as they have done in the last 10, plus the COE story, waow....
Np, you can find it in the bond prospectus. I won't speculate on whether they will do as well in the next 10 vs. the past 10 because without that, the returns will already be more than decent assuming the COE earnings come through.
(30-09-2015, 01:06 AM)kitesurfer Wrote: thx for the infos
may I know how you found that they are shareholders of Fuji Heavy ? it is not in the annual report ?
Also one thing to add: Tan Chong is actually a great growth story, even if it doesnt show ! Why ? Just have a look at their international sales, outside of Singapore .
In the last ten years, sales have multiplied by nearly ten. It doesnt show because the sales in Singapore have evaporated from 2004 to 2013.
And we know that there was nothing they could do about Singapore (quotas) so they have done a great job overall
NOw, they have problems in China, but if they succeed in the next ten years as they have done in the last 10, plus the COE story, waow....
Np, you can find it in the bond prospectus. I won't speculate on whether they will do as well in the next 10 vs. the past 10 because without that, the returns will already be more than decent assuming the COE earnings come through.
Interesting to know abt the big jump in international sales. It's still important for tcil to keep growing internationally because the COE cyclical upturn is short lived ( abt 2 years perhaps) , & then it trends down.
Tan Eng Soon has been buying up shares in September.
Tan Eng Soon 18/09/2015 121 Long 200,000
Tan Eng Soon 17/09/2015 121 Long 5,000
Tan Eng Soon 08/09/2015 121 Long 71,000
Tan Eng Soon 07/09/2015 121 Long 14,000
Tan Eng Soon 01/09/2015 121 Long 131,000
Tan Eng Soon 31/08/2015 121 Long 39,000
Tan Eng Soon has been buying up shares in September.
Tan Eng Soon 18/09/2015 121 Long 200,000
Tan Eng Soon 17/09/2015 121 Long 5,000
Tan Eng Soon 08/09/2015 121 Long 71,000
Tan Eng Soon 07/09/2015 121 Long 14,000
Tan Eng Soon 01/09/2015 121 Long 131,000
Tan Eng Soon 31/08/2015 121 Long 39,000
Total of 421,000 shares.
he is simply reinvesting his own salary from the co in a low global interest rate scenario... he can't sell out at all just like many of the listed co Towkays... gd move than to stay ignorant
(30-09-2015, 01:06 AM)kitesurfer Wrote: thx for the infos
may I know how you found that they are shareholders of Fuji Heavy ? it is not in the annual report ?
Also one thing to add: Tan Chong is actually a great growth story, even if it doesnt show ! Why ? Just have a look at their international sales, outside of Singapore .
In the last ten years, sales have multiplied by nearly ten. It doesnt show because the sales in Singapore have evaporated from 2004 to 2013.
And we know that there was nothing they could do about Singapore (quotas) so they have done a great job overall
NOw, they have problems in China, but if they succeed in the next ten years as they have done in the last 10, plus the COE story, waow....
Np, you can find it in the bond prospectus. I won't speculate on whether they will do as well in the next 10 vs. the past 10 because without that, the returns will already be more than decent assuming the COE earnings come through.
Interesting to know abt the big jump in international sales. It's still important for tcil to keep growing internationally because the COE cyclical upturn is short lived ( abt 2 years perhaps) , & then it trends down.
Just thought I correct this point, the last upcycle lasted for 4-5 years, not just 2. You can see the clear trend here http://coe.sgcharts.com/
Tan Eng Soon has been buying up shares in September.
Tan Eng Soon 18/09/2015 121 Long 200,000
Tan Eng Soon 17/09/2015 121 Long 5,000
Tan Eng Soon 08/09/2015 121 Long 71,000
Tan Eng Soon 07/09/2015 121 Long 14,000
Tan Eng Soon 01/09/2015 121 Long 131,000
Tan Eng Soon 31/08/2015 121 Long 39,000
Total of 421,000 shares.
he is simply reinvesting his own salary from the co in a low global interest rate scenario... he can't sell out at all just like many of the listed co Towkays... gd move than to stay ignorant
Actually, I just want to express another point...
As a holder of TCIL since Y2K, I have never received a single annual report from the co for my holdings under the CDP register as TCIL is one of the rare few stocks listed under the old CLOB Int'l regime.
Frankly, TCIL is a cyclical regional motor play with wrong term undervalued property holdings that the Tan family has next to no interests in realising the value.
A quick glance seems to point towards a decent div yield slightly over 4%.
Anyone who is looking to park $ in TCIL should be it as an investments written off totally from the beginning as it will be a much easier approach.
Unfortunately, given its distributorship nature and perhaps some assembling, ratings on TCIL is unlikely to be high as it is one of the remaining distributors left regionally. I suspect TCIL's distributorships are largely underpinned by their wrong term relationships with Japo Nissans not much different to Ow CK's working relations with the Japs as well.
"What do you see for your business in 2016? Thanks to the strong support from our customers, Nissan is having a good run in 2015, with sales expected to almost double that of last year and market share is expected to hit almost 10 per cent. The success of our Nissan crossovers - Juke, Qashqai and X-Trail - was the main driver of our sales, and we expect them to continue doing well into 2016. For commercial vehicles, where Nissan has been the leader in the Light Goods Vehicle segment for five consecutive years since 2010, we also expect to continue to do well in 2016, riding on the strong demand from the Early Turnover Scheme (ETS)."
Tan Chong International is expected to report unrealised loss amounts to HK$680 million for the second half ended 30 June 2016
Tan Chong International Limited wishes to inform the shareholders of the Company and potential investors that, based on the preliminary review of and assessment on information currently available to the Company, the Group is expected to record an unaudited loss on its investments designated as at fair value through other comprehensive income for the six months ended 30 June 2016. The loss is due to share price decline of its listed investments which are marked to market and therefore unrealised, as compared to an unaudited gain for the corresponding period in 2015. The unrealised loss will be reported in its other comprehensive income statement for the Period. The expected unrealised loss amounts to HK$680 million as compared to the unrealised gain of HK$79 million for the corresponding period in 2015. Such unrealised fair value loss on its investments is not expected to be reclassified to the Group's consolidated statement of profit or loss.
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