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201-220 of 357
1 ct div payable in apr.waiting...
vested small small, waiting for dividend.
hafary has been quiet since NOV when xd......no action....LOOK AT JASON holding(same business as hafary), rallies from $0.225 to $0.35...time for it to wake up!
dc16888 ( Date: 10-Feb-2014 10:43) Posted:
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Thks. last year Mar cd 0.025 from SGX site, this year any news? Cheers.
francisd ( Date: 10-Feb-2014 10:19) Posted:
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BIG DIVIDEND on the way @ the price of around .19 cents its yield is 9%+.
So everyone buying for dividend after 6 mths results.
Cheers.
DeepBlue ( Date: 10-Feb-2014 09:17) Posted:
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follow JASON holding!!
Yah, Why it rallied?
dc16888 ( Date: 10-Feb-2014 09:15) Posted:
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Y rallies today?
DeepBlue ( Date: 10-Feb-2014 09:11) Posted:
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Whats up at HAFARY?
HY14 Results just out. I think the price dropped becos profit dropped. Disappointed!!!
Profit Before Income Tax
Profit before income tax decreased by S$23.3 million from S$29.0 million during HY2013 to S$5.7 million during HY2014.
The high profit before income tax for HY2013 was contributed largely by recognition of a one-time gain on sale of
development property (net of impact on directors' performance bonus) amounting to S$22.7 million. During HY2014, the
Group recognised share of profits from associates and joint venture amounting to S$0.6 million (HY2013: Net loss of S$0.5
million).
Excluding the effects of the above items, profit before income tax generated from recurring activities decreased by S$1.7
million or 25.0% from S$6.8 million during HY2013 to S$5.1 million during HY2014.
daffytlh ( Date: 17-Jan-2014 16:42) Posted:
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Anyone any idea why sudden drop today in px?
this one although low volume but once 2 mths, it rises and go on the top 10 volume list ==> opportunity for profit. And the price is at recent low, so safer to go in than to go for those that had run already like Viking which has gone up from 8 cents to 14 cents. To buy Viking is more exciting as it is more active, but I dun believe in buy high, I believe in buy low sell high :)
But yes, u have a point, this counter is rather " boring" and slow moving :)
pls look at the liquid counter la... really no point to waste time on it.
SuperMonkey ( Date: 10-Jan-2014 22:33) Posted:
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I been monitoring the share price. Whenever there is some buying, a block of 300 lots will appear to block it and then cause sellers to sell down. Usually in the morning. Say for example 200 lots 19.6 buy vs 150 lots 19.7 sell. When everything seems to be looking good as buyers bought 19.7 cents until around 50 lots 19.7 sell left. Then suddenly 300 lots sell at 19.7 cents will appear usually in the late morning. Then u start to see buying interest weakened and ppl on seeing the huge sell queue, started to sell to 19.6 cents.
Strange thing is it happens for a few days the 300 lots block. But in the end, the 300 lots are still there by the end of the day. There are 3 possible explanations
1) A genuine seller sabotaging himself by queueing 300 lots to sell when the situation looks promising as it scares away potential buyers and in the end, he/she did not manage to sell his/her 300 lots and cause the price to drop becos ppl on seeing the 300 lots started to panic. And everyday he/she hopes to sell his/her 300 lots, everyday by queueing 300 lots causes the price to drop everyday
2) A big shareholders is offloading his/her shares slowly everyday. Overhang of shares
3) Some BBs do not want the price to move up and set up a roadblock to force ppl to sell cheap and accumulate the share.
Haha.. why do I know about the 300 lots? because I been monitoring the shareprice almost the entire day for almost a few weeks already :)
Extracted from analyst report UOBKH. Analyst: Loke Chunying,
UOBKH Possible gain on disposal of HCCM
Hafary recently took a full impairment of S$4m on its investment in associate, HCCM. No further loss is expected from HCCM going forward. While management is optimistic that operations will gradually stablise, they are also open to cashing out of HCCM if a good opportunity arises. As the investment has been fully impaired, any proceeds from the possible sale will be recognised as a gain on disposal for Hafary. Maintain " BUY" call and target price of 33 cents.
Ok.. at least this is done. Next is hopefully another interim dividend in Feb when they announce their 2Q FY14 results.
SALE OF THE ENTIRE SHAREHOLDING INTEREST IN HAFARY CHINA PTE. LTD. FOR RMB 5 MILLION
Hafary China Pte. Ltd. was incorporated in Singapore on 2 September 2011 with an issued and paidup capital of S$10 consisting 10 ordinary shares, as a special purpose vehicle for the investments and acquisition of assets by the Group in China, and is wholly-owned by Hafary Pte Ltd, which is in turn a wholly-owned subsidiary of Hafary Holdings Limited. Hafary China Pte. Ltd. holds a 45% equity interest in Hunan Cappuccino Construction Materials Co., Limited (" HCCM" ), a tile manufacturing facility in China.
Since the commencement of HCCM's business, HCCM has been loss-making and the projected rate of returns of investment in HCCM has not materialised. This has arisen due to factors such as unfavourable market conditions in China as well as difficulty by HCCM in obtaining sufficient financing for its operations. As such, it is believed that it would be in the interest of Hafary Holdings Limited's shareholders that the Group proceeds with the Proposed Disposal.
The Proposed Disposal will allow Hafary Holdings Limited to realise some returns from its investment in HCCM at this time, rather than letting HCCM?s business gradually wind-down and likely result in zero returns.
Today super low 0.196. I try not to think of the capital loss altho seeing in my scrapbook not v encouraging. Got the dec dividends hoping to see next round of dividend soon.anyone any idea?
Hi David
Thanks for your email. I think the chances of privatisation is not very high.
While Eric has resigned from his post as CEO, he will still be on the board of directors and will be actively involved in the initiatives of Hafary. Hafary is currently in a growing phase with its ambition to expand and tap into the international market through the international furniture park.
As such, staying listed will be good for them as it provides them with an additional avenue to raise funds if needed for future and existing ventures.
Thanks
Regards
Loke Chunying
UOB Kay Hian Research
DID: +65-6590 6637
Email: [email protected]
Looks like next week will start to rise again...
Will be back at 22-23 cents by CNY and then if Feb result is good as expected, will be re-rated and push towards 27 cents..
haha. ok.. for hafary, here is my thinking:
Although housing sector is cooling since middle of this year, but as most Condos and HDB BTO construction have just started, for the next 2 to 3 years, most of them will be TOPing from 2014 to 2016. Titles are needed at the last stage of construction, ie: when the whole building has been build, then each unit will then be renovated and titles come into the pictures.
So Hafary will experience a surge in demand for titles at least for the next 3 years.
After 2016, there may be a slow down in constructions of Condos and HDB BTOs, but the up coming 3 new estates, Bidadari, Tampines North and Punggol Matilda will provide support to demand for titles, thus compensating the slow down.
Besides up coming new MRT stations also provide support for demand of tiles.
If u monitor Hafary price's movement, u will see that usually 19-20 cents is the support, it will then rise again to 22-24 cents in about 1 or 2 months time when support is reached.
I predict the price will go back to 23-24 cents again by Chinese New Year
Let see if I am right