Challenger Technologies

[egghead]

Low liquidity.

[CityFarmer]

Hi I am new to this forum.

Anyone know why challenger are unaffected by the recent bear run? The price still remain constant throughout.

Maybe existing shareholders are unwilling to let go at current price, with TTM PE slightly over 11, earning yield of 9% and dividend yield of > 4%.

(vested)

[felixleong]

high ROE and good earnings growth
even at 12 times earnings challenger is severely undervalued.
If it had good liquidity, challenger could be trading anywhere from 15-20 times earnings.

(vested)

[CityFarmer]

The interim dividend of 1.1 cent per share, have already credited into account yesterday

Looking forward for end-year dividend, with at least 1.25 cents per share, or more...

[felixleong]

I think they will make about 5 cents per share this year, if they could pay out half as dividends would be great.
I hoping for 1.3 to 1.5 cent end-year dividends, praying hard ^^

[CityFarmer]

Traditionally, accessory OEM shoppings are around Shenzhen, not in Shanghai...

(vested)
--------------------
NEW SUBSIDIARY

The Board of Directors of Challenger Technologies Limited (the “Company” and together with its
subsidiaries, the “Group”) wishes to announce that its wholly-owned subsidiary, Challenger
Holding (HK) Private Limited (“CHPL(HK)”), has incorporated a wholly-owned subsidiary, Valore
(Shanghai) Limited (“New Subsidiary”) in People’s Republic of China and with an initial issued
and paid up share capital of RMB 1.5 million.
The principal activity of the New Subsidiary is that of trading

http://infopub.sgx.com/FileOpen/New_Subs...eID=255705

[pianist]

Probably into distribution

[riverfish]

Have invested in this stock for a few years now. Tortoise-like, low-volatility, this is a cold stock with scant public interest paid to it, which is good in a way. Can't seem to find much information on Valore (Shanghai) on the internet.

[FatBoi]

If Valore (Shanghai) is similar to the Shenzhen counterpart, it could be with two possible objectives:
(1) Expand business partners' network (sourcing for new original lifestyle products - see Business Opportunities link below), and/or
(2) Expand distribution network (as what pianist mentioned)

Another potentially far-fetched idea is whether they are trying to ride the wave created by Shanghai Free-Trade Zone? Not sure how though - just random thought - keke

Sources:
Valore (Shenzhen) - http://www.valore.sg/Valore/?page_id=17
Valore Business Opportunities - http://www.valore.sg/Valore/?page_id=432

[CityFarmer]

Another potentially far-fetched idea is whether they are trying to ride the wave created by Shanghai Free-Trade Zone? Not sure how though - just random thought - keke

I do have similar idea. With the company in the FTZ, it might be easier for capital flow in/out of China.

I am closely monitoring news on the Shanghai subsidiary

(vested)