| Latest Forum Topics / Sapphire Last:0.049 -- |
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Good Entry
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mkaung2000
Veteran |
10-Oct-2016 21:10
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Powerful break out today. |
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SmallSmall
Supreme |
07-Oct-2016 10:20
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Featured in The Edge. No target price but interesting insight into this company. |
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Sky1977
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13-Sep-2016 21:17
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ACH Investment ceased to be a substantial shareholder. What does it imply? | ||
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trig0n0metric
Member |
16-Aug-2016 20:12
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SAPPHIRE: 1H16 results reflect sustainable business with big potential Article http://www.nextinsight.net/index.php/story-archive-mainmenu-60/938-2016/10916-sapphire-1h16-results-reflect-sustainable-business-with-big-potential | ||
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trig0n0metric
Member |
16-Aug-2016 07:07
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2H should be much better. This company has good potential since it took over ranken and is not going to be a mining company any more as it slowly tries to dilute their stake in their mining segment. (They should just change their name from Sapphire to Ranken instead 😂 ) I am excited to see how well it fares in the future and whether it can live up to its potential!
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Sky1977
Member |
10-Aug-2016 22:24
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1H2016 Net Profit surges to SGD4.7mil and Revenue more than tripples. Order book close to RMB2.75billion. | ||
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ozone2002
Supreme |
21-Jul-2016 23:15
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http://www.nextinsight.net/index.php/story-archive-mainmenu-60/938-2016/10849-sapphire-order-book-hits-record-high-of-rmb873-m |
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Sky1977
Member |
12-May-2016 13:43
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Net profit soars 328.6% to s$2mil for Q1 in spite of long chinese new year holiday. | ||
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think2profit
Master |
03-May-2016 15:24
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Time to load? Price so cheap now |
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Sky1977
Member |
03-Apr-2016 14:08
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Taken from 27th February BT, those interested please read with care as it is not properly converted Sapphie' s rail acquisition puts turnaround on track FY2015 profit jumps to S$6.5rn from S$138,000 the before A BOUT of losses and a ' drastic' sale of its sagging awe steel busi-ness later, Sapphire Corp is start-ing to show some pizzazz as it rides on China' s urban rail boom fogowing a glint-inducing 360 action !man SST/ =Von) aCqUi-SitiOil of Ranken. Infrastructure five ITI011thS ago. The buyout has raised fresh hope for Sapphire with Ranken having snagged jobs over the past couple of months worth 1.3 billion yuan to build rail lines in three cities and tunnel work in China. On Friday, Sapphire an-nounced a stark improvement in its financial showing for the year ended December 2015 with net profit coming in at S$6.5 million versus S$138,000 the year before. Maiden contribution from Ranken, a rail engineering spe-cialist, also helped lift revenue two-fold to S$116.4 million in 2015 - the rail firm lopped some S$62 million in the group' s fourth-quarter topline, making it the group' s biggest revenue con-tributor - from S$58.5 million in 2014. Earnings per share climbed to 0.76 Singapore cent from 0.01 Sin-gapore cent no dividend was recommended for the period, the same as the previous year. It took a lot of steely resolve to get here as Sapphire' s chief exec-utive Teh Wing Kwan - who took over the reins in October 2013 when the firm was en route to its third straight year of losses and on the brink of joining Shigapote Exchange' s dire ' watch-list - ad-mitted. We streamlining the businesses, cut production. closed down businesses to cap losses but over-all we were still bleeding, So we took the drastic decision to sell the steel business,- Mr Teh told The Business Times in an inter-view. Thinning margins due to the potent combination of overcapac-ity-led low steel prices and rising cost on the back-of higher prices of imported materials, thanks to weak conditions in China, had `We streamlined the businesses, cut production, closed down businesses to cap losses but overall, we were still bleeding. So we took the drastic decision to sell the steel business.' Sapphire chief executive Teh Wing Kwan hit the firm whose core business was producing steel and vanadi-um products. But Sapphire has put that all behind since it unloaded its steel business just after Christmas 2014 with only an Australian mining business under its belt and swung to a small profit posi-tion in 2014 from a loss of S$157 million in 2013. " The Banker) acquisition fallen neatly on the tracks. Sapphire, which was on prowl for new businesses to - invigorate its derailed fortunes What started out as a ' friendly char for a joint venture to hei .-. Ranken embark on a project in South-east Asia very quickly led to an outright opportunistic ac-quisition of China' s second larg-est privately owned integrated rail construction group by Sap-phire. " Sapphire didn' t have a track record in the business and we thought the acquisition would be a strong case for an operational turnaround. For Ranken, Sap-phire offers a platform to diversi-fy and expand outside China," Mr Teh explained. The acquisition of the Chi-nese railway firm has clearly over-shadowed the 2013 buyout of Mancala, the Australian mining services firm which although profitable has dim prospects on the back of falling commodity prices and weakening of the Australian dollar against the re-porting currency (Singapore dol-lars) as evinced in the latest 2015 results where mining revenue dipped S$3.9 million to S$54.6 million. " I wouldn' t call that business (Mancala) a stop gap but we need to cautiously manage it," said Mr Teh. By that, he means potentially bringing in a strategic equity investor into Mancala, which Sapphire wholly owns now, to expand the mining busi-ness, chiefly in China which is yearning to modernise mining technology and control pollu- TAKING UP THE CHALLENGE Mr Teh took over the reins of Sapphire in October 2013 when the firm was en route to its third straight year of losses and on the brink of joining Singapore Exchange' s dire ' watch list' . tion. " We are quite positive as we have already identified the party which has major concessions in China," said Mr Teh, adding that he hoped the tie-up would be sealed within two months. There are risks. Much of Sapphire' s great big hope hinges on China, whose reputation as the world' s voracious consumer may be waning as its economy slows. That may be true for mining but not quite for rail as Beijing appears intent on lifting its sag- ging economy with mega infra-structure projects, a substantial portion of which includes rail-way. This could provide Sapphire sufficient ground to ride on Ranken and speed ahead with its turnaround. Sapphire' s stock is currently trading at 9.9 Singapore cents, having fallen off its 52-week high of 12 Singapore cents in early November, not too long after it was announced that the rail ac-quisition was a done deal. |
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Sky1977
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28-Mar-2016 15:15
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The company generated genuine profit 6.5mil for FY15. Let's wait and see the first quarter result, the very first quarter it is taking in Ranken's profit , hope the company can get some analyst coverage and get attention of some funds mgr.
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edwinjup
Supreme |
02-Mar-2016 19:24
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Friday 3 to 1 la..
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chrissee
Member |
02-Mar-2016 19:22
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Today drop so much ..... | ||
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Isolator
Supreme |
01-Mar-2016 11:25
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Can long... Enjoy.. | ||
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edwinjup
Supreme |
27-Feb-2016 11:08
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Can try after 4 march.....after..3 to 1 share con.... | ||
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Sky1977
Member |
27-Feb-2016 10:53
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FY2015 net profit S$6.5 mil vs | ||
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chrissee
Member |
19-May-2015 08:34
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How come this time is good? |
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Isolator
Supreme |
19-Feb-2016 14:32
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This time is good.. | ||
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chrissee
Member |
19-Feb-2016 12:46
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Consolidation good for us??? I gone thru a few consolidation. Lost nearly 50% of my share amount/value. Thanks to SGX rule. |
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think2profit
Master |
17-Feb-2016 21:04
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I took a bit today. Will buy more tomorrow. Should see fruits rippened from new subsidiary, Ranken Infrastructure Ltd in last qtr result. |
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