| Latest Forum Topics / A-Sonic Aero Last:0.56 -- |
 Post Reply
|
|
20 for 1 bonus warrant issue
|
|||||
|
ysh2006
Supreme |
26-May-2021 11:17
|
||||
|
x 0
x 0 Alert Admin |
Hopefully Sgx can approve this warrant issue but so many warrants if all exercised company can take 1.17 millions only why take this trouble ? Just push up shares price no dilution to share price mah... | ||||
| Useful To Me Not Useful To Me | |||||
|
ysh2006
Supreme |
26-May-2021 10:56
|
||||
|
x 0
x 0 Alert Admin |
Issue bonus warrants for us to exercise at 8 pips ? Sure huat if in 3 month's time not drop back to exercise price... | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Lobster
Elite |
19-May-2021 20:33
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
Lobster
Elite |
19-May-2021 20:24
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
APPROVAL FROM SGX-ST FOR EXTENSION OF TIME TO MEET WATCH-LIST EXIT REQUIREMENT https://links.sgx.com/FileOpen/sgxnet20210519_Approval%20on%20Extension%20of%20cure%20period.ashx?App=Announcement& FileID=666991 |
||||
| Useful To Me Not Useful To Me | |||||
|
Lobster
Elite |
08-May-2021 00:36
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
Janet and Irene went into the market to buy again... Janet bought 46700, Irene 98400 both at around 67 cents. Told you they are very determined to hit the $40 million cap for the company. They will something else to ensure that. and in case you guys were to busy focusing on SPH and Sembmarine these few days, let me tell you that so far, A-sonic is the only stock that went up the day after xD. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
kepoh88
Veteran |
26-Apr-2021 14:12
|
||||
|
x 0
x 0 Alert Admin |
Wah Bro...you very ZHUN yo!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
Lobster
Elite |
26-Apr-2021 14:04
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
$0.69 hit briefly...watch this carefully from now on. any time will kee seow.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Lobster
Elite |
23-Apr-2021 19:35
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
Today closed up 8% to hit 66 cents means 3 cents more to go before the floodgates open pdyohwadfmb
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Lobster
Elite |
23-Apr-2021 19:32
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
Janet bought again Purchase of 114,700 shares at S$0.60937 each at open market.on 21 April
|
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
19-Apr-2021 09:04
|
||||
|
x 0
x 0 Alert Admin |
A-Sonic Aerospace
On April 9, A-Sonic Aerospace chief executive officer Janet LC Tan acquired 100,000 shares of the company for a consideration of S$57,500 at 57.5 cents per share.
This took her total interest in the company from 54.74 per cent to 54.91 per cent.
Ms Tan' s preceding acquisitions were on March 16, with 179,400 shares acquired at 48.2 cents per share and 44,800 shares at 45.3 cents per share on March 10.
A-Sonic Aerospace has two areas of businesses, aviation and logistics, and operates in 28 cities in 16 countries, spanning four continents in Asia, North America, Sub-Continent India, and Europe.
Ms Tan' s responsibilities include setting the overall long-term business direction, developing business strategies, and implementing growth strategies for A-Sonic Aerospace and its subsidiaries.
On June 30, 2020, A-Sonic Aerospace announced that SGX had granted the company a 12-month extension for the company to meet watchlist exit requirements, to June 4, 2021.
In its quarterly update filed on March 1, the company maintained that it remained on the SGX watchlist solely because it had not achieved an average daily market capitalisation of S$40 million.
For its FY20 (ended Dec 31), A-Sonic Aerospace achieved 127.5 per cent year-on-year growth in profit before tax to US$7.92 million, with its net book value strengthening 21.5 per cent year-on-year to US$36.24 million as at Dec 31, 2020.
The group' s bank gearing level was also reduced by 4.8 per cent to US$1.76 million as at Dec 31, 2020.
In the FY20 annual report, Ms Tan highlighted that last year, A-Sonic Aerospace continued in its resolve to streamline its logistics business, to further solidify foundations, with the group focusing its efforts on two overarching strategies.
These involve each member entity in its logistics network to seek to operate efficiently, effectively and productively, while the group leverages on qualitative sources of growth with investments in technology and business productivity.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Lobster
Elite |
16-Apr-2021 18:45
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
Company just reported the CEO bought again yesterday, second time in a week. told you, the company is desperate to get out of watch list and will go all out to comply with all SGX rules. 27 April is AGM. Company is old fashioned type, will announce dividends date only after AGM. and usually a stock will cheong big when cum dividends, and again, nearer x-date. I also don' t understand why, but I just follow the unusual pattern. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
Lobster
Elite |
16-Apr-2021 17:41
Yells: "Even Adam Khoo believes in the Black Market!" |
||||
|
x 0
x 0 Alert Admin |
To be exact it has to hit 69 cents for it touch $40 million cap. Closed at 64 today, so another five cents to go. should be easy for it to go over 70, because the company is very desparate to get out of the watch list. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
superstartup
Supreme |
22-Mar-2021 13:20
Yells: "Enjoy doing Fundamental Research" |
||||
|
x 0
x 0 Alert Admin |
Almost hitting $40m market cap. Another few more cents to go. Then next is to churn price upwards and trading volume till hit the average volume-weighted daily market capitalisation of $40m for the past 6 months to exit watchlist. Bought small small to play. " A-sonic chief executive Janet Tan suggested yesterday that despite the price appreciation, the stock was still undervalued: " At current price, we are still trading at four times price-earnings." "
|
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
18-Mar-2021 09:33
|
||||
|
x 0
x 0 Alert Admin |
A-Sonic Aerospace' s stock price surge prompts query from S' pore Exchange
SINGAPORE - A-Sonic Aerospace' s stock surged 13 per cent yesterday to a recent high, prompting a query from the Singapore Exchange (SGX).
The company, which is on the SGX Watchlist, responded that it did not know why its stock price had leapt to 64 cents before closing up seven cents, or 13 per cent, at 60.5 cents.
A-Sonic said in a statement after the market' s close that it was not aware " of any information not previously announced concerning the company, its subsidiaries or associated companies which, if known, might explain the trading" .
However, it suggested that interest in the stock could have been fanned by the company' s strong and steady financial performance and dividend payout: " After evaluation and assessment, the market might have particularly taken into consideration the following in our results."
On March 2, A-Sonic announced it had chalked up a net profit of $8.71 million for the year ended Dec 31.
Its stock has risen about 60 per cent since then.
The company was profitable in the two prior years as well.
Net profit was $3.45 million in the 12 months to Dec 31, 2019, and $1.99 million in 2018. The company has paid dividends in the past three years.
A-Sonic' s net tangible assets amounted to $47.91 million as at Dec 31 last year.
Yesterday' s stock price surge has lifted the company' s market capitalisation to $35 million.
It was placed on the SGX Watchlist in June 2017.
It must achieve an average volume-weighted daily market capitalisation of $40 million for the previous six months in order to be removed from the list.
It has not achieved that.
A-Sonic Group is engaged in two areas of business - aviation and logistics.
Its aviation arm relates to the sale and purchase of aircraft and aircraft engines.
On the logistics side, it is engaged in supply chain management services and solutions, including international and domestic multi-modal transport, warehousing, distribution, customs clearance and airport ground services.
The firm operates in 29 cities in 16 countries across Asia, North America, the Indian sub-continent and Europe.
A-sonic chief executive Janet Tan suggested yesterday that despite the price appreciation, the stock was still undervalued: " At current price, we are still trading at four times price-earnings."
Meanwhile, its industry peers in the logistics sector are trading at around 20 times.
The question is whether some savvy market players are beginning to also realise this.
|
||||
| Useful To Me Not Useful To Me | |||||
|
robinhoot
Member |
12-Mar-2021 17:58
|
||||
|
x 0
x 0 Alert Admin |
Watch this stock.. management and insiders buying up.. | ||||
| Useful To Me Not Useful To Me | |||||
|
robinhoot
Member |
03-Mar-2021 17:15
|
||||
|
x 0
x 0 Alert Admin |
Good set of results for FY2020, strong fundamentals, undervalued, yet under the radar. Guess SG investors rather punt penny stocks and get burned. | ||||
| Useful To Me Not Useful To Me | |||||
|
Goldenfire
Senior |
12-Aug-2020 09:14
|
||||
|
x 0
x 0 Alert Admin |
Super good results | ||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
14-Jul-2020 09:16
|
||||
|
x 0
x 0 Alert Admin |
Aerospace firms rechart flight path as pandemic grounds carriers
Companies looking to upskill employees and pursue digitalisation efforts during lull period further consolidation in aviation industry is expected
AS BUSINESS nosedives in the wake of the Covid-19 outbreak, aerospace companies here are repositioning themselves for the long, hard road to recovery.
With international air travel paralysed by border closures and airlines forced to ground scores of aircraft, the aerospace industry - including plane-makers, component manufacturers and maintenance firms - is equally reeling from the fall-out. Aerospace companies are looking to tweak their offerings, upskill and reskill employees as well as push ahead with digitalisation efforts during the lull period. Some are also reining in costs and reducing headcount.
Last week, engine-maker Rolls-Royce told The Business Times that it would axe 240 roles, or nearly a quarter of its headcount, in Singapore where it manufactures fan blades and assembles engines at Seletar Aerospace Park (SAP). The UK engineering giant is poised to cut 9,000 jobs in all, or over 17 per cent, of its global workforce to rightsize operations for the medium-term.
This comes as cash-strapped airlines have been cancelling aircraft orders, prompting the world' s biggest plane-makers Airbus and Boeing to slash production rates and in turn, denting demand for engines.
Bicky Bhangu, president (South East Asia, Pacific & South Korea) for Rolls-Royce, said: " We continue to believe in low-carbon power and propulsion and will build on our strengths in innovation and technology, investing in digitalisation, electrification and smart manufacturing technologies to put us in good stead post-pandemic."
He added that Rolls-Royce' s defence and power systems businesses - which serve the military, industrial and civil markets - are helping the group to offset weakness in the civil aerospace market.
Aside from its manufacturing facilities at SAP, Rolls-Royce also has a maintenance, repair and overhaul (MRO) joint venture with SIA Engineering Company (SIAEC) here, a regional customer service centre for civil aerospace and has in place research and technology partnerships with government agencies, academia and local companies.
" Throughout the pandemic, and as the slow recovery begins, Boeing has continued with local operations gradually and stayed focused on supporting regional customers," said Boeing' s president for Southeast Asia, Skip Boyce. In Singapore, the US plane-maker employs over 300 staff across Boeing and its subsidiaries, which includes its corporate office, pilot training centre and parts distribution business. Mr Boyce added: " Locally, we must continue to closely manage our overall headcount and expenditure going forward."
On expectations that it will take years for air travel to recover to pre-Covid levels, Boeing has announced it will cull 16,000 positions, or 10 per cent of its global employee base, as it significantly scales down production of variants such as the B777 and B787 wide-body jets. The pandemic has exacerbated headwinds for the aerospace company, which was already grappling with the global grounding of its 737 Max after two fatal crashes.
In Singapore, firms such as ST Engineering and SIAEC have implemented measures to curb costs such as by trimming operating costs, deferring non-essential capital expenditure to shore up liquidity and introducing wage cuts at certain levels.
For MRO players, demand for maintenance has weakened as airlines park aircraft, while the early retirement of ageing planes is an additional setback as new aircraft require less heavy maintenance checks vis-a-vis older counterparts.
According to ST Engineering, its aerospace sector has seen demand fall for both MRO and its original equipment manufacturing (OEM) businesses, although it also said that the impact is mitigated by a diverse customer base and broad service offerings, which include passenger-to-freighter (P2F) conversions.
In the current environment, some operators are turning to P2F conversions to capitalise on the capacity crunch in the air cargo market, which has arisen from the global grounding of passenger aircraft, thereby removing belly capacity from the market.
SIAEC too is providing passenger-to-cargo space conversion services for airlines through one of its joint venture companies.
SIAEC added: " During this downturn, we are carrying out preservation maintenance on our customers' aircraft that are not in operation to ensure that their cabin products are maintained in top condition and the aircraft remain airworthy."
Its aircraft engineers and technicians are carrying out round-the-clock maintenance procedures as prescribed by plane-makers, such as lubricating the landing gear and checking tyre pressure.
Meanwhile, its staff have also been scheduled for training courses to improve their capabilities and broaden their skill sets, such as upgrading their technical skills for next-generation aircraft.
Both ST Engineering and SIAEC are also seeking to meet evolving needs post Covid-19, such as improving solutions around cabin disinfection for airlines and using technology to carry out checks more efficiently.
" We have accelerated our Smart MRO initiatives to make ourselves more productive," said Lim Serh Ghee, president of Aerospace for ST Engineering.
" We developed an in-house drone solution to conduct aircraft inspection in a safer, more efficient way and recently received authorisation from the Civil Aviation Authority of Singapore to apply this technology on general visual inspections."
Similarly, local aerospace firm Diamond Aviation is sharpening its focus on design capabilities to support cabin sanitisation, as well as design capabilities for cabin interiors, which includes designing parts to facilitate temporary P2F conversions.
In the lull period, the local company plans to upskill its employees and step up its research & development (R& D) efforts. Over the past three years, it has invested about 20 per cent of annual revenues towards R& D.
Diamond Aviation, which primarily distributes and repairs aircraft parts, has seen demand drop by 80 per cent, says managing director Melvyn Lim. " Demand for parts and repairs have dropped significantly. Passenger aircraft are not flying and we think the commercial aviation market will change after Covid-19 once there is a realisation that there are too many narrow-bodied aircraft," he added.
Its sale-and-leasing business has hit the pause button on leasing out its 15 CFM56 engines so as not to " compete at a loss" since monthly lease rates have plummeted by 25 per cent.
Meanwhile, Lien Whai Cheng, managing director of Coway Engineering & Marketing, expects a 25 per cent drop in revenue this year. Aside from topline erosion, the company - which carries out MRO for aerospace components - has also seen productivity disrupted by the pandemic, while dealing with rising costs.
Recognising that it can use its manufacturing capabilities to increasingly support industries such as the medical and semiconductor industries, Coway plans to diversify its service offerings. Mr Lien said: " Coway does have customers from other industries. This pandemic has caused global supply chain disruption and we are expecting more demand from them."
He added: " As for our aerospace business, certain capabilities still lack service providers in Singapore. We will be seeking support from Enterprise Singapore to build these capabilities, which will make us more competitive."
In addition, Coway plans to streamline its production and business processes, double down on its digitalisation transformation as well as upskill and reskill employees so that they are up-to-date with new process capabilities.
Similarly, small-and-medium enterprise (SME) Prime Aerospace group is restructuring and reorganising its product offerings, as well as pushing ahead with digitalisation. Sales have plummeted by over 90 per cent, while customers are cancelling or deferring orders and dragging their feet on outstanding invoices, its chief executive officer told BT. Aside from offering services such as engineering, distribution and repair, the group also manufactures and assembles aircraft and engine tooling.
" Knowledge as well as flexible and innovative offerings will be key to survival," stressed CEO Sanjay Dutt. Prime Aerospace has maintained its employees' salaries, but is tightening budgets and cutting costs where possible to control spend, he added.
Still, even with darker skies overhead, some firms spy a silver lining. " I think we can expect further consolidation in the aviation industry, as well as more outsourcing for MRO services by airlines who want to focus on their core business," said ST Engineering' s Mr Lim.
" As one of the top conversion houses for P2F solutions, we will also be looking to capitalise on the strong demand for freighter aircraft, which continues to be driven by the e-commerce market."
|
||||
| Useful To Me Not Useful To Me | |||||
|
mustang
Senior |
17-Feb-2020 21:41
|
||||
|
x 0
x 0 Alert Admin |
The 4th Q results should be out next week. It should be a good set of results. | ||||
| Useful To Me Not Useful To Me | |||||
|
mustang
Senior |
19-Jan-2020 21:59
|
||||
|
x 0
x 0 Alert Admin |
Just a reminder that i expect the coy to make an application to SGX to have the coy removes from the SGX watchlist. I expect the application will be approved, and this news when it comes will spur the share price to greater height. You must have a 6 months investment horizon. Not suitable for contra trading. Good Luck! | ||||
| Useful To Me Not Useful To Me | |||||