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Among the 4 major biz, only xinfei is lost $, however Its EPS significantly improve to gain $0.1211 compare to last year lost -$0.093.
The worst of Xinfei home appliance biz is over, xinfei is on recovery track with new fridge launching last year october.Expect this recovery will reflect on next Q financial report.
The most important is its accumulated Eps only $0.07 at 3Q, but the 4Q Eps highly growth at $0.05 ,that boost up the EPS to $0.1211.
If the EPS maintain $0.05 at the subsequence Q , then next year EPS would be 4 x $0.05=$0.20.
By taking STI current PE at 13x as reference,then $0.20x 13=$2.60, its 200% gain for those who bought at $1.30.
The most most important is current price at history low while the biz revenue keep expanding, even it drop it will never drop since the worst had over, but if this giant recovery track , then we can foreseen 200% gain on next year, i think this counter worth to hold & fight , my view only, dyodd.
Hong Leong Asia's full year results:
* Revenue for the year increased from $4.1 billion in FY2012 to $4.6 billion in FY2013, an increase of 10.7%.
* Profit attributable to the owners of the Company (?PATMI?) for the year was $45.3 million as compared to a loss of $34.9 million in FY2012.
* NAV is $2.25 vs $2.0706 last year.
* Final dividend of 3 cents (date paid, 21 May 14) vs 2 cents last year.
Live cat, dead cat as long as can make money is a good cat.
dead cat.
...last:$1.335...
Still cheap, but have to keep for longer period.
Any price below $1.30, just buy & keep.
Time to chiong
Price already too low
China Yuchai International 4th Quarter and Full Year Results
In the fourth quarter of 2013, total net profit attributable to China Yuchai's shareholders increased 11.3% to RMB 246.3 million (US$ 40.4 million), or earnings per share of RMB 6.61 (US$ 1.08), compared with RMB 221.2 million, or earnings per share of RMB 5.94 in the same quarter in 2012.
For fiscal year ended December 31, 2013, total net profit attributable to China Yuchai's shareholders increased 22.1% to RMB 692.6 million (US$ 113.6 million), or earnings per share of RMB 18.58 (US$ 3.05), compared with RMB 567.3 million, or earnings per share of RMB 15.22 in 2012.
http://online.wsj.com/article/PR-CO-20140226-904426.html
Hong Leong Asia will be announcing its full year results on 28 Feb 14.
Engines from China Yuchai's main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), support the Sochi Winter Olympic Games..... Over 10,000 GYMCL engines are currently operating across Russia.....
http://www.marketwatch.com/story/gymcls-engines-support-sochi-winter-olympics-2014-02-18?reflink=MW_news_stmp
Up 3 cents to $1.295 today on volume of 32000 shares. ready can chiong because very little shares in the hands of retail investor.
This share can easily chiong when company is doing well because not much shares in the market. According to 2012 annual report. Total shares issued only 373,908,559.
305,455,503 shares in the hands of top 20 shareholders including nominees (81.69%). Not much shares in the hands of retail investor.
China to extend subsidies on electric cars BEYOND 2015.....
BEIJING: China's
Finance Ministry said on 8 Feb 2014 it will extend a programme of subsidies for buyers of electric-powered vehicles after the current subsidy regime, part of efforts to combat pollution in cities, expires in 2015.
The existing subsidies will be phased out by 2015 as planned, with a new regime to take effect after that date " to preserve policy continuity" , the ministry said in a statement on its website. Details of the new subsidies would follow at an unspecified date.
The subsidies were designed to help China meet a goal of putting half a million new-energy vehicles, defined as all-electric battery vehicles and heavily electrified " near all-electric" plug-in hybrids, on the road by 2015 and 5 million by 2020.
Pollution in cities, in part caused by an explosion in car sales in recent years, is a hot-button issue for China's leaders, and several measures have been introduced, including curbs on sales of petrol-engined vehicles.
The current subsidies of up to 60,000 yuan ($9,800) are available for the purchase of an all-electric battery car and up to 35,000 yuan for a " near all-electric" plug-in vehicle were extended for a further three years at the end of 2012. - Reuters
< A good news for China Yuchai..... with hybrid engine continues to qualify for energy subsidies.>
...immediate support:
$1.245..attractive or not..last: $1.260..
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Good new, this one chiong vy soon
guoyanyunyan ( Date: 29-Jan-2014 16:33) Posted:
Grant of Options pursuant to the Hong Leong Asia Share Option Scheme 2000
http://infopub.sgx.com/FileOpen/11th_Grant.ashx?App=Announcement& FileID=272587
...last:$1.330... |
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Grant of Options pursuant to the Hong Leong Asia Share Option Scheme 2000
http://infopub.sgx.com/FileOpen/11th_Grant.ashx?App=Announcement& FileID=272587
...last:$1.330...
China Yuchai International Limited announced today that the Company's main operating subsidiary, Guangxi Yuchai Machinery Company Limited has, at a product conference held in Nanning City, capital of Guangxi Province in China, unveiled 8 new engine models to further increase its leadership in the engine market in 2014.
http://www.cyilimited.com/news.aspx?id=156
Weng Ming Hoh, President of China Yuchai, commented, " As a proud leader in the Chinese engine market, we are once again raising the bar with our new models for 2014. We continue to add advanced technologies to enhance the operating performance of our suite of engines. Since 2013, we have launched 20 new engine models to our broad portfolio of diesel and natural gas engines to better meet the needs of our customers across diverse market segments. Our robust product portfolio and strong pipeline demonstrates our advanced technical capabilities, dedication to innovation and commitment to customer relationships in the Chinese commercial engine market."
< China Yuchai is a recommended favourite stock in 2014:
http://www.youtube.com/watch?v=jcMQByE5F9w>
Channel News Asia (dated 09 Jan 2014, 12:07) - Construction demand in Singapore is expected to remain strong this year, boosted by public sector projects.
In a statement, the Building and Construction Authority (BCA) said total construction demand could come in at between S$31 billion and S$38 billion in 2014.
This comes after the sector's strong performance in 2013, where total construction demand reached a historical high of S$35.8 billion and exceeded the upper-end projection of S$34 billion.
BCA said public sector projects are expected to contribute to the bulk of the industry's total demand at close to 60 per cent, or between S$19 billion and S$22 billion.
The expansion will be fuelled by an anticipated higher volume of contracts to be awarded for institutional and civil engineering construction works.
Meanwhile, private sector demand is expected to moderate to S$12 billion S$16 billion in 2014, compared to S$21 billion last year.
This is due to the current market volatility amid the government's move to stabilise the property market and the scaling back of new government land sales for the first half of 2014.
For 2015 and 2016, BCA said average construction demand is projected to be sustained at between S$25 billion to S$34 billion per annum.
Sixty per cent of the total demand is forecasted to come from building projects while the remaining 40 per cent is expected to come from civil engineering projects.
< This sustained healthy demand bodes well for Hong Leong Asia's Building Materials Unit, which is one of the largest suppliers of essential building materials to the construction industry in Singapore.>
Well after reading so many boarders views, I feel convinced about my investment in this counter @ 1.32
tonylim ( Date: 08-Jan-2014 13:21) Posted:
Yap. Holding on to it. Good stock and quite diversified.
valuebuyer ( Date: 08-Jan-2014 12:52) Posted:
Agree with bro Blanchard, most impt is current pricr is cheap with strong fundamental,if it drop further to cheap cheap price, then is golden chance to collect this counter.
Market is sentiment play, dont fear if u know the value, just buy & hold, the time will reward u one day |
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Yap. Holding on to it. Good stock and quite diversified.
valuebuyer ( Date: 08-Jan-2014 12:52) Posted:
Agree with bro Blanchard, most impt is current pricr is cheap with strong fundamental,if it drop further to cheap cheap price, then is golden chance to collect this counter.
Market is sentiment play, dont fear if u know the value, just buy & hold, the time will reward u one day.
Blanchard ( Date: 08-Jan-2014 12:41) Posted:
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Just to recap..... (reference: Hong Leong Asia 3rd Qtr results dated 14 Nov 13)
Yuchai is doing well with 2013 engine sales expected to exceed 500,000 units.
Xinfei is expected to achieve higher sales in the coming year, with the launch of new refrigerator models in Nov 2013.
In Singapore, the construction industry is experiencing a slow down, despite the announcement by the Housing & Development Board of record volumes in tenders to be awarded in 2014. Only the sales of precast division have improved with the long delayed projects finally taking off.
In Malaysia, the implementation of infrastructure programs under the 10th Malaysia Plan and the Economic Transformation Program (2011 - 2015) may be deferred. However, the construction sector?s outlook for the next quarter is expected to remain positive with the continuing progress in the construction of the MRT and LRT lines.
The industry relating to Airwell air-conditioning products in China is huge but competitive. Airwell will focus on the domestic market to increase its sales.
Company expects to report a profit for the current financial year (barring any unforeseen circumstances).
< Current price of 1.31 ++ is attractive for a profitable & stable company with a PB of 0.60. Let's say Hong Leong Asia is to issue 5 cents dividend for 2013, the yield would be ~3.8%. Shares price would rise with continuing positive global economic growth/business climate and encouraging China Govt policies (such as measures to stimulate growth in the competitive consumer appliances market).> |
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