Dutech Holdings

[TTTI]

I notice that so far, they have paid dividends only once a year, at the 1Q results. In this last 1Q report, they gave dividend of 1 cent, which was less than the 1.5 cents given out last year. But it is interesting that they call it interim dividend; does this mean that they are intending to pay dividend twice a year from now on?

All dividends declared in quarterly report, is interim dividend. All previous dividend declared in previous 1Q reports, were also interim dividends, right?

I am not sure why the company reduces the dividend? May be more M&A in the pipeline, or as more interim dividend within this year?   

(not vested)

1.5 cents is actually an aberration
The years prior to last yr, the dividend was usually either 1 cent or 0 cents, cos management was utilising cash for acquisitions.



https://thumbtackinvestor.wordpress.com/

[CityFarmer]

CIMB reported on the Diebold and Wincor. I have not read the report, and not sure the source of the info.

(vested)

Dutech, Nera Tel in CIMB’s small caps spotlight

SINGAPORE (May 19): CIMB has highlighted two unrated small caps Dutech Holdings and Nera Telecoms which are worth a closer look by investors.

In a Wednesday report, CIMB says Dutech is Asia’s largest safe manufacturer, supplying 60-70% of the safe demand from Diebold and Wincor Nixdorf, the world’s No. 2 and No. 3 ATM suppliers that collectively have 30-40% share of the global ATM market.
...
http://www.theedgemarkets.com/sg/article...-spotlight

[TTTI]

CIMB reported on the Diebold and Wincor. I have not read the report, and not sure the source of the info.

(vested)

Dutech, Nera Tel in CIMB’s small caps spotlight

SINGAPORE (May 19): CIMB has highlighted two unrated small caps Dutech Holdings and Nera Telecoms which are worth a closer look by investors.

In a Wednesday report, CIMB says Dutech is Asia’s largest safe manufacturer, supplying 60-70% of the safe demand from Diebold and Wincor Nixdorf, the world’s No. 2 and No. 3 ATM suppliers that collectively have 30-40% share of the global ATM market.
...
http://www.theedgemarkets.com/sg/article...-spotlight

......
I've been trying to add to my holdings the past month.
All these reports and publicity arent helping.



https://thumbtackinvestor.wordpress.com/

[TTTI]

CIMB reported on the Diebold and Wincor. I have not read the report, and not sure the source of the info.

(vested)

Dutech, Nera Tel in CIMB’s small caps spotlight

SINGAPORE (May 19): CIMB has highlighted two unrated small caps Dutech Holdings and Nera Telecoms which are worth a closer look by investors.

In a Wednesday report, CIMB says Dutech is Asia’s largest safe manufacturer, supplying 60-70% of the safe demand from Diebold and Wincor Nixdorf, the world’s No. 2 and No. 3 ATM suppliers that collectively have 30-40% share of the global ATM market.
...
http://www.theedgemarkets.com/sg/article...-spotlight

......
I've been trying to add to my holdings the past month.
All these reports and publicity arent helping.



https://thumbtackinvestor.wordpress.com/

Rising very strongly on no apparent news
Or is there some news that I m unaware of?

[Bluechipfan]

CIMB initiate coverage with 61 cents TP. Quality s chip. There are a few more which also seems to attract some buying for the past few weeks.

[TTTI]

CIMB initiate coverage with 61 cents TP. Quality s chip. There are a few more which also seems to attract some buying for the past few weeks.

LOL initiate covergae now with 61 cents TP?!
These analysts... always a few steps slower

[dydx]

2Q result out last evening.....
http://infopub.sgx.com/FileOpen/Dutech_2...eID=416728

Dutech's group revenue continues on a healthy growth trend of 10+% p.a., with OP growing at a much faster rate of approx. 40% p.a., even with the recent acquisitions of 2 loss-making German subsidiaries - Deutsche Mechatronics GmbH ("DTMT") and Krauth Technology GmbH (“Krauth”) - which have undergone restructuring and are being turned around from losses. This shows the strong fundamentals of Dutech's business model and PRC-based manufacturing operations, and the competence of its top management headed by Johnny Liu and his elder brother Liu Bin.

[opmi]

2Q result out last evening.....
http://infopub.sgx.com/FileOpen/Dutech_2...eID=416728

Dutech's group revenue continues on a healthy growth trend of 10+% p.a., with OP growing at a much faster rate of approx. 40% p.a., even with the recent acquisitions of 2 loss-making German subsidiaries - Deutsche Mechatronics GmbH ("DTMT") and Krauth Technology GmbH (“Krauth”) - which have undergone restructuring and are being turned around from losses. This shows the strong fundamentals of Dutech's business model and PRC-based manufacturing operations, and the competence of its top management headed by Johnny Liu and his elder brother Liu Bin.

Maybe it is the German private equity guys that is also helping.

[boochap]

https://translate.google.com.sg/translat...rev=search


QOUTE
However, numerous examples show that such fears are justified barely. On the contrary, may have many advantages, a Chinese investor. We even have the beginning of the sale of a much smaller, but technologically highly interesting German company accompanied: Krauth Technology, a medium-sized supplier of ticket vending machines, was designed by the former owners walnut, a manufacturer of lifting platforms, the Chinese Dutech Holdings sold. In the environment of this acquisition, there were concerns about the withdrawal of production and technology to China. Who talks today with the Managing Director Kai Horn, notes: The opposite is the case. The Chinese are investing in the location in Baden-Württemberg Eberbach. And they provide the necessary liquidity levels, enabling the company to new developments and the production of larger jobs fund. The management was staffed by employees from the company and expanded to include two representatives from China, of which speaks a very good German, studied in Aachen and spent some time in Berlin, so that there is no "cultural misunderstandings".

Last year Krauth has made a turnover of 12.5 million euros with 125 employees. For large orders, for example, Deutsche Bahn, the company could never apply despite its high level of technology, because the liquidity and capacity would it not have been enough. Previously series were made up to 200 machines, the future can Krauth cope with orders of 1,000 or more devices. Recently Krauth could accept an order of 1,600 machines.

Under the umbrella of the Chinese Investors also new markets are now open: First, the company expanded into other European countries. But the move to China is provided, where the public transport is hardly to be underestimated growth market. In addition, Krauth also benefits in purchasing. Electronics and housing components can be purchased at a fraction of the price in China, to be paid in Germany. The example Krauth shows that a company need not necessarily be large to come into the focus of Chinese investors.

UNQOUTE

[TTTI]

CIMB initiate coverage with 61 cents TP. Quality s chip. There are a few more which also seems to attract some buying for the past few weeks.

LOL initiate covergae now with 61 cents TP?!
These analysts... always a few steps slower

Hmmm...
While the FY16Q2 results are no doubt pretty encouraging, has anyone else noticed the large increase in the impairment losses on trade receivables of RMB1.9mil?
The corresponding impairment of trade receivables that I can find in FY15AR is much much much lower.
Which leads me to conclude that most of the impairment of receivables comes from the recent acquisitions...

RMB 1.9mil is still a drop in the bucket compared to the entire receivables of RMB 181mil, but we certainly have to monitor this in the coming quarters