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HNA Potential New Substantial Shareholder
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TigTig
Master |
07-Jan-2018 19:29
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anyway, I' m vested, so I shall keep quiet. Let others do the talking. Also I need to add more.
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TigTig
Master |
07-Jan-2018 19:28
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One need to understand Sapphire' s past, what they did in 2016 under Teh, former CEO, to comprehend why there is no dividend. More importantly is the question of what is coming ahead. Serious investors don' t just look at figures for the sake of comparison, reading between the lines, looking beyond the figures would be a more accurate way of assessing a company.
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commando
Master |
07-Jan-2018 08:29
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Earning profit but never give div...... | ||||
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jamesng
Master |
06-Jan-2018 21:38
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I am getting more using srs. Hopefully it pays off greatly in 1 - 2 years time. | ||||
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TigTig
Master |
04-Jan-2018 21:09
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Yeah, the performance is very good so far, and it' s a " one belt" asset, got to catch it while still young. The next phase should be greater expansion and hopefully there' ll be dividends. Even if price goes down, it' s good to keep because of potential and quite solid financial performance.
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chiachiawee
Elite |
04-Jan-2018 20:49
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Have been in this a month ago. The stock that will give me least worry. DYODD. | ||||
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TigTig
Master |
04-Jan-2018 20:33
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Dividend policy may change as a new board has been installed. There are signs that new owners have plans for expansion of biz. Vested.
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TigTig
Master |
04-Jan-2018 17:41
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The Board has been revamped. Chairman stepped down. A lady has taken over | ||||
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jamesng
Master |
04-Jan-2018 10:06
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Anyone knows when Sapphire is releasing its results? Hopefully they pay dividend. | ||||
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HuathuatLeo
Elite |
19-Dec-2017 12:58
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this one very obvious la.. HNA pushing down and then call a go when they acquire more shares...
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TigTig
Master |
17-Dec-2017 16:12
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Not sure which subsidiary you are referring to. Sapphire is a potential company that may be taken over, think their order books also show promise. It' s just that the share price is not moving up so much, which seems puzzling. But I think for long term, this seems a good company to invest in.
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jamesng
Master |
17-Dec-2017 07:55
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Is the subsidary better than Midas? Midas is not doing well | ||||
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TigTig
Master |
15-Dec-2017 21:51
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not for past five years. zero dividends. But this is a turnaround co we are looking at. I think it' s got potential.
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TigTig
Master |
15-Dec-2017 21:49
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Some board changes announced in SGX. Wonder if this is positive, any one has views? | ||||
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jamesng
Master |
12-Dec-2017 10:24
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Is Sapphire paying dividend yearly??? | ||||
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SmallSmall
Supreme |
11-Dec-2017 18:21
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SGX-Listed Sapphire Secures RMB 280 Million (S$57M) Contracts for Chengdu Metro Line 18
Singapore, 11 December 2017 ? SGX Mainboard-listed Sapphire Corporation Limited (?Sapphire? or the ?Group?) announced today that its subsidiary Ranken Railway Construction Group Co. Ltd. (?Ranken?) has won three new rail transit contracts worth a combined RMB 280 million (S$57 million) in its home city of Chengdu. The main contracts chiefly involve the construction of two tunnels of close to 3km long between Fuzhou Road Station (福 州 路 站 ) and Xinglong Station (兴 隆 站 ) and certain open cut earthworks along the metro line, worth approximately RMB 253 million (S$52 million). For its other contracts worth RMB 27 million (S$5 million), Ranken will supervise the construction of the line?s second phase, spanning 25km of tracks, from Sancha Station (三 岔 湖 站 ) to Terminal 1 and 2 of Tianfu International Airport Station (天 府 国 际 机 场 T1/T2 站 ). All these contracts will be fulfilled between the financial years ending 31 December 2018 to 31 December 2020. The new projects are expected to have a positive impact on the Group?s earnings per share and net asset value per share for these periods. Mr Teh Wing Kwan, Group CEO and Managing Director of Sapphire, said: ?Whilst there has recently been news about halting major infrastructure projects in China?s smaller towns, Ranken continues to win major jobs in the main cities.? ?Apart from the recent contract wins, Ranken remains busy in other bidding preparatory works as well,? added Mr. Teh. Ranken had previously secured contracts to provide design consultancy services and supervision of partial construction of Chengdu Metro Lines 8 and 17, respectively. The Group existing order book is approximately RMB 3.4 billion (S$702 million). |
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jamesng
Master |
05-Dec-2017 15:55
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Keep dropping.....to sell or to buy more.... Think there is something we all don' t know..... |
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chiachiawee
Elite |
24-Nov-2017 10:42
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BB push to accumulate low again? Dont care. Not much to worry when major shareholders just bought at a premium higher than 0.3. Huat. | ||||
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TigTig
Master |
22-Nov-2017 00:27
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Price of HKCICM has dropped about 30% since the 19 October, so the share swap at today' s price would value Sapphire at 35 to 36 cents rather than 51 c then. I would still want to pursue Sapphire for the long term, though price don' t seem to be heading north at any time now. | ||||
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SmallSmall
Supreme |
13-Nov-2017 21:38
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A new Dragon is borned! The next Cosco-to-be play :)
SGX-Listed Sapphire Directors Announce Intention To Step Down For Board Renewal Singapore, 13 November 2017 ? Sapphire Corporation Limited (?Sapphire? or the ?Group?) announced today that its Board of Directors intends to voluntarily step down to facilitate a board renewal upon the completion of a proposed acquisition of a 27.97%-stake in the company by Hong Kong International Construction Investment Management Group Co., Limited (?HKICIM?). SGX Mainboard-listed Sapphire announced on 18 October 2017 that two of its largest shareholders, Ou Rui Limited (?Ou Rui?) and Best Feast Limited (?Best Feast?), are swapping their stakes with HKICIM, a property development subsidiary of China?s HNA Holding Group Co. The completion of this deal will see HKICIM emerge as Sapphire?s single largest shareholder. Chairman and Independent Director Mr Steven Lim said, ?Most of my fellow directors and I intend to step down to facilitate the board transition upon completion of the shares swap deal, which we believe will augur a new era of growth for Sapphire as it sharpens its focus on China?s infrastructure sector.? Ranken recently announced an order book of RMB 3.4 billion (S$705 million) as at 12 October 2017, the highest since its acquisition by Sapphire. Sapphire also reported a net profit and net operating cash flows of RMB 17.6 million and RMB 92.5 million, respectively, for the latest quarter ended 30 September 2017. For the nine months ended 30 September 2017, the Group reported a net profit of RMB 38.0 million on total revenue of RMB 853.4 million with net asset of close to RMB 500 million as at 30 September 2017. The Group will announce the new compositions of the Board and related committees in due course. |
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