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MYANMAR PLAYS IS HERE...very powerful
CHIONG ARH ETC!!
Weak stock
short it
short it
🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥
💥 💥 💥 💥 💥 💥 💥 💥 💥
🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
🍀 🍀 🍀 🍀 🍀 🍀 🍀 🍀 🍀
🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍
🍻 🍻 🍻 🍻 🍻 🍻 🍻 🍻 🍻
💥 💥 💥 💥 💥 💥 💥 💥 💥
🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
🍀 🍀 🍀 🍀 🍀 🍀 🍀 🍀 🍀
🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍
🍻 🍻 🍻 🍻 🍻 🍻 🍻 🍻 🍻
Myanmar' s opening-Up faster then most asean counties. .. ...
boom time is here . .. .... ....... don' t miss this unprecedented Opportunity at opening booming
Low beginning costs.
🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍
boom time is here . .. .... ....... don' t miss this unprecedented Opportunity at opening booming
Low beginning costs.
🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍 🍍
💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥 💥
🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 😏 😏
🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 🥳 😏 😏
Game over
As mentioned
Pump and dump and manipulated
As mentioned
Pump and dump and manipulated
BIG run up today.....
Yesterday was a buy yes
Today mmmmmm
Today mmmmmm
Think a lot of people did not know this share has undergone a consolidation of 25 to 1. Old name was Cedar. Ex price then was about $0.075 but crashed because of consolidation.
So guess lots of people sold qty wrongly or are plain shorters.
Business wise it is pretty decent with property developements in Myannar.
Not asking to buy now. Just sharing more about this ETC. Yesterday was a buy
So guess lots of people sold qty wrongly or are plain shorters.
Business wise it is pretty decent with property developements in Myannar.
Not asking to buy now. Just sharing more about this ETC. Yesterday was a buy
LowLow12 ( Date: 21-May-2020 08:46) Posted:
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This share does not queue to buy
At 0020
It will take the bids at anytime any price
Only to disappear in action the next day
Sgx surveillance watching already on any
Manipulation
Trade with caution
At 0020
It will take the bids at anytime any price
Only to disappear in action the next day
Sgx surveillance watching already on any
Manipulation
Trade with caution
Opening will hit top volume. There is a big buyer at $0.032 this morning ....
RESPONSE TO THE SPONSOR&rsquo S QUERIES REGARDING TRADING ACTIVITY
The Board of Directors (the &ldquo Board&rdquo ) of Emerging Towns & Cities Singapore Ltd. (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the queries received from the Company&rsquo s sponsor RHT Capital Pte. Ltd, on 20 May 2020, in connection with the recent unusual trading activity of the shares of the Company, and sets out its responses to the queries as follows:
Query 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 9 in Appendix 7A of the Catalist Rules for further examples. If yes, the information shall be announced immediately.
The Board wishes to respond that the Company reviews strategic options on an ongoing basis and, in connection with this, holds discussions with a range of parties regarding possible transactions in relation to, among others, its debt profile. As at the date of this announcement, no definitive agreements in relation to any transactions have been entered into by the Group, and there can be no assurance or certainty that any discussions will be successfully concluded and any definitive agreements be entered into. Apart from the above, the Company is not aware of any information not previously announced concerning the Group which might explain the trading
RESPONSE TO THE SPONSOR&rsquo S QUERIES REGARDING TRADING ACTIVITY
The Board of Directors (the &ldquo Board&rdquo ) of Emerging Towns & Cities Singapore Ltd. (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the queries received from the Company&rsquo s sponsor RHT Capital Pte. Ltd, on 20 May 2020, in connection with the recent unusual trading activity of the shares of the Company, and sets out its responses to the queries as follows:
Query 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 9 in Appendix 7A of the Catalist Rules for further examples. If yes, the information shall be announced immediately.
The Board wishes to respond that the Company reviews strategic options on an ongoing basis and, in connection with this, holds discussions with a range of parties regarding possible transactions in relation to, among others, its debt profile. As at the date of this announcement, no definitive agreements in relation to any transactions have been entered into by the Group, and there can be no assurance or certainty that any discussions will be successfully concluded and any definitive agreements be entered into. Apart from the above, the Company is not aware of any information not previously announced concerning the Group which might explain the trading
Day high ......Shorts still not covering? $0.035 soon
Looking good......see if can hit $0.035 later
SmallSmall ( Date: 20-May-2020 14:05) Posted:
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Try not to short today...long instead
Pretty good company based on results :
ETC Singapore posts two-fold increase in net profit attributable to shareholders to S$6.7million for FY2019, driven by rising rental income and fair value gains from flagship Golden City project
Group continues to execute its two-pronged growth strategy of pursuing short-term development profits and long-term recurring income
Management continues to prospect for suitable strategic investors that can value-add to the Group&rsquo s operations and support its expansion into high-growth emerging markets
SINGAPORE, 27 February 2020 &ndash Catalist-listed Emerging Towns & Cities Singapore Ltd (&ldquo ETC Singapore&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) has announced its financial results for the financial year ended 31 December 2019 (&ldquo FY2019&rdquo ). The Group posted revenue of S$41.4 million for FY2019, attributable to the sale and recognition of 107 Golden City units worth S$36.6 million, alongside recurring rental income from its investment properties.
This represented a 33.6% year-on-year (&ldquo yoy&rdquo ) decline in revenue due primarily to the nature of the industry that the Company operates in, as revenue for the sale of properties is only recognised when the project is handed over. Revenue for the remaining 88 Golden City units sold is expected to be progressively recognised upon handover. The Group&rsquo s two-pronged strategy of supplementing short-term development profits with long-term recurring income continues to gain traction, as evidenced by a 55.6% yoy rise in rental income for FY2019. This growth is mainly attributable to the Group&rsquo s agreement with Huawei Technologies (Yangon) Co Ltd to lease out 147 residential apartments from the Golden City project.
Mr. Tan Thiam Hee, Executive Director and Group Chief Executive Officer of ETC Singapore, remarked, &ldquo In spite of escalating trade tensions, weakening business sentiment and a slowing global economy in 2019, our flagship Golden City project performed fairly during the year. In particular, our two-pronged growth strategy of supplementing short-term development profits with long-term recurring income served us well during this period. As Myanmar&rsquo s Condominium Management Committee continues to fine-tune the implementation of rules and proper registration systems for foreign ownership of property under the 2018 Condominium Law, more opportunities have been surfacing within the country&rsquo s rental market instead. With approximately only 6,000 to 8,000 condominium units available for rent every year and about 100,000 foreigners living in Yangon1 , the rental market is likely to provide support for Golden City&rsquo s rental properties before the Condominium by-laws come into play.&rdquo As a result of management&rsquo s effective oversight of cost controls coupled with the divestment of the Daya Bay project, the Group registered a 29.2% yoy decrease in distribution expenses to S$1.4 million for FY2019. Similarly, administrative expenses contracted 36.5% yoy to S$5.2 million for FY2019. 1 &ldquo Myanmar property developers look forward to 2020 after a difficult year&rdquo , Myanmar Times, 13 January 2020 ETC Singapore posts two-fold increase in net profit attributable to shareholders to S$7.0 million for FY2019, driven by rising rental income and fair value gains from flagship Golden City project Emerging Towns & Cities Singapore Ltd Page 2 of 2 Bolstered by fair value gain from the net transfer of 155 Golden City apartment units from development properties to investment properties, the Group recorded a two-fold increase in net profit attributable to shareholders of S$6.7 million for FY2019. Looking ahead,
Mr. Tan added, &ldquo As a single asset company focused on Myanmar, we acknowledge the need to expand our footprint to other geographies so as to diversify our revenue streams. However, we are also mindful of the need to remain cautious and prudent in our assessment of prospective targets in view of an economic landscape of increasing uncertainty. Aligned with our efforts to maximise shareholder value, we will continue to prospect for suitable strategic investors that can value-add to the Group&rsquo s operations and support our expansion into other high-growth emerging markets.&rdquo
Pretty good company based on results :
ETC Singapore posts two-fold increase in net profit attributable to shareholders to S$6.7million for FY2019, driven by rising rental income and fair value gains from flagship Golden City project
Group continues to execute its two-pronged growth strategy of pursuing short-term development profits and long-term recurring income
Management continues to prospect for suitable strategic investors that can value-add to the Group&rsquo s operations and support its expansion into high-growth emerging markets
SINGAPORE, 27 February 2020 &ndash Catalist-listed Emerging Towns & Cities Singapore Ltd (&ldquo ETC Singapore&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) has announced its financial results for the financial year ended 31 December 2019 (&ldquo FY2019&rdquo ). The Group posted revenue of S$41.4 million for FY2019, attributable to the sale and recognition of 107 Golden City units worth S$36.6 million, alongside recurring rental income from its investment properties.
This represented a 33.6% year-on-year (&ldquo yoy&rdquo ) decline in revenue due primarily to the nature of the industry that the Company operates in, as revenue for the sale of properties is only recognised when the project is handed over. Revenue for the remaining 88 Golden City units sold is expected to be progressively recognised upon handover. The Group&rsquo s two-pronged strategy of supplementing short-term development profits with long-term recurring income continues to gain traction, as evidenced by a 55.6% yoy rise in rental income for FY2019. This growth is mainly attributable to the Group&rsquo s agreement with Huawei Technologies (Yangon) Co Ltd to lease out 147 residential apartments from the Golden City project.
Mr. Tan Thiam Hee, Executive Director and Group Chief Executive Officer of ETC Singapore, remarked, &ldquo In spite of escalating trade tensions, weakening business sentiment and a slowing global economy in 2019, our flagship Golden City project performed fairly during the year. In particular, our two-pronged growth strategy of supplementing short-term development profits with long-term recurring income served us well during this period. As Myanmar&rsquo s Condominium Management Committee continues to fine-tune the implementation of rules and proper registration systems for foreign ownership of property under the 2018 Condominium Law, more opportunities have been surfacing within the country&rsquo s rental market instead. With approximately only 6,000 to 8,000 condominium units available for rent every year and about 100,000 foreigners living in Yangon1 , the rental market is likely to provide support for Golden City&rsquo s rental properties before the Condominium by-laws come into play.&rdquo As a result of management&rsquo s effective oversight of cost controls coupled with the divestment of the Daya Bay project, the Group registered a 29.2% yoy decrease in distribution expenses to S$1.4 million for FY2019. Similarly, administrative expenses contracted 36.5% yoy to S$5.2 million for FY2019. 1 &ldquo Myanmar property developers look forward to 2020 after a difficult year&rdquo , Myanmar Times, 13 January 2020 ETC Singapore posts two-fold increase in net profit attributable to shareholders to S$7.0 million for FY2019, driven by rising rental income and fair value gains from flagship Golden City project Emerging Towns & Cities Singapore Ltd Page 2 of 2 Bolstered by fair value gain from the net transfer of 155 Golden City apartment units from development properties to investment properties, the Group recorded a two-fold increase in net profit attributable to shareholders of S$6.7 million for FY2019. Looking ahead,
Mr. Tan added, &ldquo As a single asset company focused on Myanmar, we acknowledge the need to expand our footprint to other geographies so as to diversify our revenue streams. However, we are also mindful of the need to remain cautious and prudent in our assessment of prospective targets in view of an economic landscape of increasing uncertainty. Aligned with our efforts to maximise shareholder value, we will continue to prospect for suitable strategic investors that can value-add to the Group&rsquo s operations and support our expansion into other high-growth emerging markets.&rdquo
This one gonna chiong to 5c. Current p/e ratio of 4x. Big brewing it seems
Coming back today?
To all investor if you feel that you have suffer and its time that you want SGX to stand firm against the unscrupulous management , please sign. This petition shall be sent to the regulators and force them to act NOW
https://www.petitions24.com/singapore_investor_left_unprotected_from_untruthful__fraudulent_listed_company#form
https://www.petitions24.com/singapore_investor_left_unprotected_from_untruthful__fraudulent_listed_company#form
This week we have a couple of companies ( yingli, Midas and Noble ) all not halting when news and ru ours are abound. Instead it&rsquo s left for investors to chase blindly benefitting the big props. At least this company takes the trouble to halt the trading before releasing news of the case, preventing a meltdown of the shares by shorters. A case of good corporate governance to protect shareholders value.
Now that the case is over and the company coming out the winning party, this company is worth taking a look. This may not be the best company but I think it has potential. Will buy in once suspension is lifted . Has potential. DYODD. Not vested yet.
Now that the case is over and the company coming out the winning party, this company is worth taking a look. This may not be the best company but I think it has potential. Will buy in once suspension is lifted . Has potential. DYODD. Not vested yet.
important to note that the risks are contained independently within the respective subsidiaries in the geographies that they operate in. from the BT article and clarification announcement by the company, think there is roughly just 100k left in the bank balance in the Daya Bay project so unlikely to have much impact on the group at all. they were supposed to repay some RMB106m to this Mr Luo regardless by the end of this year, so technically they can offset the amount.
Huchin ( Date: 20-Nov-2017 15:35) Posted:
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