Fung Choi Media Group

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
Another one of those undervalued companies.

Book value of 42cents while it trades at 8.6c or almost an 80% discount to book value

While profits has been declining due to the current high inflation environment in China, the Supply Chain Management business is expected to grow in an economy which emphasizes on domestic consumption.

Closest comparable would be Teckwah or Tat Seng Packaging. Both of them are doing really well while fung choi lags behind.
Reply
#2
yes this looks dirt cheap!
Reply
#3
F&N bought Fung choi at 30+ cents last time
Reply
#4
Any fundamental reasons for the cheap valuation?

(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Reply
#5
(25-08-2014, 11:21 PM)Curiousparty Wrote: Any fundamental reasons for the cheap valuation?

(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time

Its main business operations are in China. But China market has outperformed our local market.
Reply
#6
(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time

Has F&N divested?
Reply
#7
(26-08-2014, 03:39 AM)value seeker Wrote:
(25-08-2014, 11:19 PM)propertyinvestor Wrote: F&N bought Fung choi at 30+ cents last time

Has F&N divested?

No. It is still the 2nd largest shareholder.
Reply
#8
VBs here forgot it is a S-chip....
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Reply
#9
(26-08-2014, 10:35 AM)opmi Wrote: VBs here forgot it is a S-chip....
i agree. i was "misled" by "F &N" too. i tend to forget even professional or expert can miscalculate. Anyway, anything to do with S-CHIP (CHINA), i will be very careful.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Reply
#10
(26-08-2014, 10:41 AM)Temperament Wrote:
(26-08-2014, 10:35 AM)opmi Wrote: VBs here forgot it is a S-chip....
i agree. i was "misled" by "F &N" too. i tend to forget even professional or expert can miscalculate. Anyway, anything to do with S-CHIP (CHINA), i will be very careful.

Are there any examples of S Chips being owned by local blue chip companies and where the number of Singaporean directors exceed the number of China Directors?
Reply


Forum Jump:


Users browsing this thread: 12 Guest(s)