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With the SC ruling exporters to the US will be even less inclined going forward to give discounts to importers in the US and share the pain imposed by any future tariffs.
Even before, one could argue that because the US government got the tariff income it should also be beneficiares of US government spending who should be paying the cost, so someone on the US side. And it seems this was what happened in practice with studies showing up to 90%+ of tariffs were ultimately passed on to US consumers. But now this ruling will remove any further doubts on the matter.
Even before, one could argue that because the US government got the tariff income it should also be beneficiares of US government spending who should be paying the cost, so someone on the US side. And it seems this was what happened in practice with studies showing up to 90%+ of tariffs were ultimately passed on to US consumers. But now this ruling will remove any further doubts on the matter.
Another 2 cent dividend declared. Pays 6% dividend yield and market cap 0.6x book and mostly covered by cash
This is one of those laggards that the market has not picked up on yet. Cash rich, significant discount to tangible book and has a high dividend yield.
PNE Industries reports earnings of $1.3 mil for FY2024, up 70.5% y-o-y
PNE Industries, the manufacturer and trader of electronic and electrical appliances, has posted earnings of $1.3 million for the FY2024 ended September, up 70.5% y-o-y from the same period last year.
Earnings per share for the period stood at 1.5 cents, as compared to 0.9 cents in FY2023.
Revenue for FY2024 saw a 13.9% y-o-y increase to $61 million, on the back of an improvement in contract manufacturing sales due to higher customer demand.
Meanwhile, gross profit for the same period rose by 6.6% y-o-y to $11.3 million. The group says that despite a $7.4 million increase in sales, a less favourable product mix reduced the group&rsquo s gross profit margin to 18.6% for FY2024 from 19.9% in FY2023.
For the same period, other operating income increased by 2.9% y-o-y, due to a $0.4 million increase in foreign exchange gains and $0.1m gain on the disposal of property, plant and equipment (PPE).
The group declared a final dividend of 2 cents per share, which is expected to be paid on Feb 14, 2025.
PNE Industries
Between Jun 15 and 16, PNE Industries : BDA 0% executive managing director Tan Koon Chwee acquired 24,700 shares.
With a consideration of S$18,128, this increased his direct interest in the manufacturer, dealer and trader of electrical and electronic products and appliances from 11.12 per cent to 11.15 per cent.
Tan serves as the CEO of the group and is the brother of non-executive chairman Tan Kong Heng. He is responsible for formulating and implementing the group&rsquo s corporate and business strategies and financial matters. He also oversees the marketing function of the group.
On May 11, PNE Industries reported that its H1FY23 (ended Mar 31) revenue decreased by S$13.6 million or 35.5 per cent compared to the same period the previous year due mainly to lower contract manufacturing sales because of customer requests to defer deliveries as well as component shortages.
shenzhen kanna lock down. surprised this stock haven' t dropped further.
Not performing la, that's why not promoting
bigeater ( Date: 14-May-2019 18:57) Posted:
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OMG! Last post was more than 1 year ago. Surprised that thi stock is so not popular. Good dividend and profitable why no taker???
wow..congratulations! good for you man!
jm2212 ( Date: 23-May-2017 22:26) Posted:
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This is turning into my fav stock. So difficult to buy it under $1.
Dividend was great for the last two years.
Dividend was great for the last two years.
I started to post when it was around $0.7 or less..... special dividend of 7c + 2c dividend ex-date on 29th May.
jm2212 ( Date: 15-May-2017 10:40) Posted:
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ho ho ho....
jm2212 ( Date: 20-Mar-2017 11:06) Posted:
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this one damn solid, went up non-stop since share consolidation....very few shares in the market, waiting for owner to take it private
jm2212 ( Date: 28-Nov-2016 23:09) Posted:
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Good result with 3c dividend
jm2212 ( Date: 24-Nov-2016 10:42) Posted:
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this one inched up quietly & slowly with low vol traded. owner ready to take it private?
0.05c for interim div including special..
Morning big price jump, get in quick for another run up..
HUAT AH!!
EGM overed..look up..may add another 2+cents per share,after dispose PNE PCB BHD
climbed to 14.1 yday.... very volatile.... will wait....
Still many new buyers maybe will sell creating better buying opportunities
matrixxx ( Date: 28-May-2014 01:43) Posted:
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matrix, what you think of the growth potential? i agree that the balance sheet is extremely solid, strong net cash, low debt, stable. only concern is that its growth profile isnt that great. looks really tempting and undervalued though, that said. and also, profits are increasing for past years.