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Delong Holdings
10-06-2018, 11:42 AM.
Post: #51
RE: Delong Holdings
(10-06-2018, 11:09 AM)kelvesy Wrote: Operational leverage where the rise in revenue in proportionally greater than the fixed costs. It is owing to the steel prices increase.

Their SGA has been relatively fixed, but it is the interplay between COGS and revenue.

does the EPS have more room to grow?

Can the accounting be trusted?

it would seem this company is still undervalued even at $5.6

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10-06-2018, 11:50 AM.
Post: #52
RE: Delong Holdings
You have to scan through Ding Liguo using his Chinese name and all the past due diligence transactions made between Evraz (Alexander Abramov and Roman Abramovich) and Delong.

some background: https://www.reuters.com/article/us-evraz...GU20090818

I am not saying it is clean and I am not saying the numbers cannot be trusted as well.
Full-time Investor and Blogger at https://kelvestor.com/

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10-09-2018, 08:39 PM.
Post: #53
RE: Delong Holdings
My assessment of Ding Liguo through reading up on his life story (especially the use of the words "Buddha Dhamma" in the interviews) as well as meeting the man face to face during the latest AGM has turned out quite correct. Delong has just declared a dividend per share of 55 ct, which at current share price represents a 8.7% yield. No wonder the stock is about the only recent-high stock on SGX in recent days.

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10-09-2018, 08:48 PM.
Post: #54
RE: Delong Holdings
Hey Sumeria, I did the same checks as you. Ding Liguo is a reputable entrepreneur and the city's mayor used his plant as a role model for environmental sustainability. School also organized trips for their students to visit his plants.
Full-time Investor and Blogger at https://kelvestor.com/

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11-09-2018, 10:34 PM.
Post: #55
RE: Delong Holdings
Hey Kelvin and Sumeria I'm Vincent from IN Wink found this share about a year ago from this forum and I'm thankful of that.
Have a big dividend yield thanks to early investment. Hopefully they could give final dividend as well and at the same time expanding their business not just in steel mill but also in other industry(China is still a land full of opportunity). The dividend actually potentially reflect another good news. It could indicate the cash at indonesia project is sufficient after the capital injection. which will also mean it is likely the steel mill will operate in schedule. If Chinese government keep its current policy the steel price would remain stable. In addition, price will be less volatile as the consolidation really go as government plan.

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