Latest Forum Topics /
Chasen
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Chasen holdings could be the next big multiplier
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Chansenghoe1971
Elite |
15-Dec-2023 10:51
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Someone collected about 4K lots at about this price range. Let s see if there will be some action in coming weeks. | ||||
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Chansenghoe1971
Elite |
15-Dec-2023 10:35
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They tried to spin off some business but hit roadblock due to some info I can t share here. If there is a chance to monetize, they have to do it as there will be a proper re alignment of their business model to focus on their core competency.
Their strength is logistics and now global mobility is rampant and it?s high time they fly. |
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msksmsks
Supreme |
15-Dec-2023 10:12
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This is an illiquid counter and culd be stuck for years  if no material developments. I also heard rumours abt it but so far, nothing concrete . Juz be v.very carreful  |
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Chansenghoe1971
Elite |
14-Dec-2023 16:02
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I am speculating they are selling the engineering business unit. Good to monetize it to make the company less cluttered.
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Chansenghoe1971
Elite |
14-Dec-2023 15:49
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This will fly. What happened next:
1) boss announced some good deals. They are risk averse type and would not want to engage in any form of insider trading allegation. So it is better be safe than sorry. Announce first. Of course, they have to make sure something concrete than announce. 2) collection now. 3) SgX probably already sent a query chaser email to them for more info 4) company release more info soon. Maybe next week. 5) price should fly further but unlikely touch 10 but maybe 7 plus. Need liquidity in order for the buyer (the ones doing buying now) to liquidate. They need to creat volume. |
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SmallSmall
Supreme |
14-Dec-2023 11:01
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NAV $0.168 Cash value $0.047 Hope they can dispose their subsidiaries at a good price. Don' t think will be a firesale as the company is profitable Now trading at cash value @ $0.047
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msksmsks
Supreme |
14-Dec-2023 09:11
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people can't wait to unload for stuckist
talk doesn't mean wl materialise anything jus be careful |
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SmallSmall
Supreme |
14-Dec-2023 09:03
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Realising value. Talk to sell subsidaries. Chiong !  
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Johnsnow
Elite |
14-Dec-2023 07:51
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Good stock
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Chansenghoe1971
Elite |
13-Dec-2023 17:57
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Yeap. I have said so.
Should hit 0.10 anytime
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Godwinlow
Elite |
13-Dec-2023 17:32
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The Board of Directors (the " Board" of the Company wishes to inform its shareholders (" Shareholders" ) that the Company has been approached by an international company in relation to a potential transaction involving the Company' s interest in some of its subsidiaries which may or may not lead to the divestment of these subsidiaries. The discussions are on-going, and no definitive terms have been agreed upon between the parties. Save for a non-binding offer, the Company has not entered into any binding arrangement in connection with the discussion. The Board wishes to emphasize that there is no certainty or assurance whatsoever that any transaction will occur. If, and when, there are any material developments which warrant disclosure, the Company will, in compliance with applicable rules, make further announcements as appropriate. The Company wishes to advise Shareholders to refrain from taking any action in respect of their shares in the Company (" Shares" ) which may be prejudicial to their interests, and to exercise caution when dealing or trading in the Shares of the Company. Shareholders should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take. The directors of the Company (including any director who may have delegated detailed supervision of the preparation of this announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this announcement are fair and accurate and that there are no other material facts not contained in this announcement, the omission of which would make any statement in this announcement misleading. BY ORDER OF THE BOARD Low Weng Fatt Managing Director and Chief Executive Officer 13 December 2023 |
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Chansenghoe1971
Elite |
21-Nov-2023 08:00
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I guess it s about time to look into this. | ||||
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Godwinlow
Elite |
19-May-2023 09:30
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Is there really a need to build 36,316 square meters warehouse for 69 million? almost all the cost is bear by borrowing from banks.    now is high interest rate environment. Total borrowing after incurring the cost. Chasen total borrowing is 128 million. Can chasen afford the debt? Even pay the interest?    Any opinion can share?
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Godwinlow
Elite |
19-May-2023 09:29
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TOTAL INVESTMENTS AND FUNDING  Pursuant to the terms and conditions in the 8 May Offer Letters, CLS would have to incur estimated costs of S$10,510,000 on new plant and machinery on the Properties in order to meet the Declared Investment requirement set out in paragraph 3.1(a) above, as well as estimated costs of S$58,500,000 required for and relating to the construction of the Proposed New Building and the Proposed Leases. Based on CLS' current estimates, the estimated total investment cost required for CLS for the Proposed Leases would be S$69,010,000 (the  " Estimated Total Investment Costs" ). The estimation of costs is based on preliminary discussions with relevant third-party professionals and consultants, with reference taken from JTC' s 5 April Offer Letters and 8 May Offer Letters.  The Estimated Total Investment Costs do not include the aggregate amount of Land Rent (payable on an annual basis) payable by CLS to JTC over the Lease Terms of approximately 23 years.  CLS will be financing an estimate of S$58,500,000 of the estimated construction cost and approximately S$10,510,000 of the estimated plant and machinery cost through bank borrowings and internal sources. CLS has received an offer letter from a bank for a loan of up to 85% of the estimated construction costs and the estimated plant and machinery cost. |
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spursfan
Supreme |
30-May-2022 18:53
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Media Release Chasen?s FY2022 Profit Before Income Tax Increases 40% to S$6.5 Million, Outpacing Revenue Growth Secures Fresh Projects from All Business Segments Worth S$14.5 Million Profit before tax increased from S$4.6 million in FY2021, outpacing FY2022 revenue growth of 26% FY2022 net profit rises 24% to S$4.3 million from S$3.4 million in FY2021 3PL segment remained top revenue earner through increasing market share, as air and sea freight disruptions continued to lift demand for cross-border land transportation and warehousing Increase in FY2022 net profit after tax, rising 24% to S$4.3 million from S$3.4 million in FY2021 Secures S$14.6 million worth of fresh contracts in all three business segments Operating environment expected to become increasingly challenging as pandemic-related disruptions in the PRC hamper 3PL and Specialist Relocation operations amid manpower shortages, higher operating costs and interest rates https://links.sgx.com/1.0.0/corporate-announcements/GB1VNJKUMPZB81RZ/719174_CHASEN_FY2022_Results_Press%20Release_20220530.pdf |
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fundamentalhero
Veteran |
30-May-2022 18:41
Yells: "I NEED HONEYS AND MONIES" |
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chasen report coming keep your fingers crossed. best scenario, best profits in years, distribute 75% of cash pile due to confidence of incoming years cashflow, relaunch ipo efforts 10 baggers |
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PHInsider63
Veteran |
09-Apr-2022 13:01
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Is that Non Exec Chairman still there?
If not, why not? Means? Now? What next? Think. Period.
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fruitfulness
Veteran |
09-Apr-2022 12:50
Yells: "May the Lord God establish the works of my hands!" |
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I am currently not vested in this stock anymore. Thankfully, made several rounds over the years (and no losses). Was a bit put off at an AGM I attended before the pandemic. Was annoyed how Chasen, being relatively small, pay out directors' fees amounting close to $500k (I vaguely remember) and the non-exec Chairman enjoyed some $30k or $40k more.  A saving of about $200k here would mean a lot to the profits of this company.  All the talk about listing one or two divisions in China has not materialise thus far... But at least the CEO worked hard to eke out reasonable profits ... Well, hope some of you can make some profits if Chasen produce good year-end results.
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PHInsider63
Veteran |
09-Apr-2022 12:25
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Small?
Ok. Anyway, just buy and keep. Period
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MakeChanges
Elite |
09-Apr-2022 12:13
Yells: "No price is too low for a bear or too high for a bull" |
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i have never doubt on you
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