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Any reason why price surging?
Anchun International Holdings
On Jun 9, Ace Sense acquired 77,200 shares of Anchun at an average price of S$0.377 apiece. This increased the deemed interest of Xie Ming, Anchun&rsquo s non-independent non-executive chairman, from 23.41 to 23.57 per cent. This follows the acquisition of 124,200 shares of Anchun at S$0.318 apiece on Mar 3.
Anchun delivers integrated chemical and environmental engineering solutions, offering energy-efficient, eco-friendly technologies to support China&rsquo s petrochemical and chemical industries.
In FY2024, the group&rsquo s revenue grew by 32.7 per cent from the year before, to 177.4 million yuan (S$31.7 million), driven by a 45 per cent surge in demand for its chemical systems and components (CSC). Demand was slower in other segments. Anchun said its CSC segment is benefiting from China&rsquo s push for large-scale, modern chemical projects, and rising demand for integrated green hydrogen, ammonia and methanol solutions.
Anchun has enhanced its target and budget management, introduced a three- to five-year development road map, and adopted a phased dual-growth strategy for revenue and profit to drive return on equity. Strategic focus areas include large-scale domestic chemical projects, integrated green hydrogen, ammonia and methanol solutions and global partnerships, supporting growth across the CSC, engineering services and catalyst segments.
At the same time, its key challenges of domestic pricing pressure, aggressive competitor tactics and slower industry growth remain. To further prepare for new opportunities, the group is actively developing internal talent across geographies.
Breaking out?
Anchun International
On Mar 3, Ace Sense acquired 124,200 shares of Anchun International at an average price of S$0.318 apiece. This increased the deemed interest of Xie Ming, Anchun&rsquo s non-independent non-executive chairman, from 23.14 per cent to 23.41 per cent.
Anchun specialises in integrated chemical and environmental systems engineering, and provides environmentally friendly and energy-efficient technology solutions to the petrochemical and chemical industries in China.
On Feb 27, it reported that its FY2024 revenue increased 33 per cent year on year to 177.4 million yuan (S$32.6 million). The growth was driven primarily by higher revenue from its chemical systems and components business, which rose 45 per cent to 151.3 million yuan due to a higher percentage of contract completions and an increase in the number of contracts during the fiscal year.
However, the gain was partially offset by declines in the remaining two segments, the catalyst business and the chemical engineering and technology engineering services. Nonetheless, Anchun&rsquo s FY2024 attributable net profit surged 358 per cent to 10.9 million yuan.
Result out.
Gross profit RMB 30.7m( previous 15.5m)
Net Profit RMB 14.4m (previous 1.7m)
https://links.sgx.com/1.0.0/corporate-announcements/IY57X3CVBHKBX6BY/658b41bb9f6a9eb5354522587d34d9b7a249c9a46952850b63b2de7da824379d
Gross profit RMB 30.7m( previous 15.5m)
Net Profit RMB 14.4m (previous 1.7m)
https://links.sgx.com/1.0.0/corporate-announcements/IY57X3CVBHKBX6BY/658b41bb9f6a9eb5354522587d34d9b7a249c9a46952850b63b2de7da824379d
This is how ppl wary of S-chip....
NAV = RMB 6.43 (SGD 1.28)
Net Cash = RMB 3.46 (SGD 0.69)
Debt = 0
Share Price: SGD 0.35 (only half the cash value????)
NAV = RMB 6.43 (SGD 1.28)
Net Cash = RMB 3.46 (SGD 0.69)
Debt = 0
Share Price: SGD 0.35 (only half the cash value????)
up 21% today!
Latest result looks very solid.
One year already still the same price ? Directors salary got increase or not...
bayduck ( Date: 10-Dec-2019 11:11) Posted:
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Declare a dividend of RMB0.13 translating to $0.0239.
Not bad at all.
Not bad at all.
The spike is likely caused by some user at InvestingNote who has quite a bit of followers.
Won' t invest solely based on the share buy backs. They' ve bought back about 1.4M shares in total, and I estimate average purchase price to be $0.25. So they forked out $350K, out of $11M cash on their balance sheet. For a company with marcap of ~$16M, that' s about a 2% yield. If it' s any other company announces a dividend payout amounting to 2% yield, doubt the share price would react as violently as this.
Price to NAV is ~0.3x, before today' s spike. Even at that valuation, I see ~100 SGX-listed stocks with lower valuations based solely on Price to NAV. So the NAV point itself is insufficient.
I' m not saying that this is a value trap, but what I' m saying is the two points alone (1. NAV, 2. buybacks) are insufficient to justify that it' s indeed undervalued. But it' s interesting, so I' ll take a closer look.
Won' t invest solely based on the share buy backs. They' ve bought back about 1.4M shares in total, and I estimate average purchase price to be $0.25. So they forked out $350K, out of $11M cash on their balance sheet. For a company with marcap of ~$16M, that' s about a 2% yield. If it' s any other company announces a dividend payout amounting to 2% yield, doubt the share price would react as violently as this.
Price to NAV is ~0.3x, before today' s spike. Even at that valuation, I see ~100 SGX-listed stocks with lower valuations based solely on Price to NAV. So the NAV point itself is insufficient.
I' m not saying that this is a value trap, but what I' m saying is the two points alone (1. NAV, 2. buybacks) are insufficient to justify that it' s indeed undervalued. But it' s interesting, so I' ll take a closer look.
SmallSmall ( Date: 10-Dec-2019 09:49) Posted:
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NAV $1.17. Share buy-backs almost everyday.
A deeply undervalued stock. Sudden spike in price today.
A deeply undervalued stock. Sudden spike in price today.
Hi,
The company currently has approximately RMB 155m of cash and bills receivables as disclosed in the latest financial statements, which is equivalent to about SGD 60c per share.
It is my personal view that the company should return at least RMB 50m to shareholders as the cash is mainly IPO proceeds sitting idle in the bank for more than 8 years already. For this purpose, I would like to gather shareholders with the aim of doing an EGM requisition (if we are able to gather more than 10% of shareholder votes. As of today 15 Jan 2019, I have support totalling about 7+%.)
If you are a shareholder and interested to join, please email me at [email protected] with your name and number of shares in this company.
Thank you.