Chasen    Last:0.186    +0.001

Chasen

Oic, Thks . So it still got at least 2 more years to decide.

 

Company under sgxwatchlist  in the Minimum Trading Price criteria since

3 march 2016. It has 36 months to resolve the situation failing which it may

be delisted or alternatively it may opt for a Catalistlist listing.

 

Usually how long can it stay in the watch list before sgx takes action?

 

...Its under watchlist..so cannot rule out that possibility of delisting..

 

It's under watch list. Will it delist ?

 

Chasen is not a counter for punters or short term investors. Its more for

long term holders. By long term, I am looking at 6 months to 3 years.

 

The latest result - 3rd quarter result, point to higher profitability ahead with

improvements in all segments of their business and also across all the

geographical regions. This couple with improvement in gross n net margin.

There is also a confirmed order of S$20.6 mil from the Logistic segment,

which is a higher margin segment ... see Chasen press release on 24 Jan ' 17.

Current price is also far below its nta of 18.6 cts. To me, its a value buy. And

of course i could be wrong. I am a long term investor and i wont look too much

at the " now" but more to the future.

When i took a position in Sinostar Pec at 12.5 cts, it was a company that hardly anybody

take notice. Hardly traded and a wide gap between buyers and sellers. Today, its trading around

17 cts. Same go for Mermaid Maritime. There was not interest when i went in at 11.8 cts.

Today its trading at above 20 cts. There are more example but i will not go into it.

I would strongly encourage punters and short term investors to stay away from Chasen,

primarily because the value for the counter will not show in the near future. One has to

wait for its full year results some time in May to confirm.

Note: pls note that what i have written are my thoughts n projections and i could be

wrong in my assessment. Thank you!

 

Holland call... Chasen nothing good..runnnnn...

 

Management comment on revenue on 10 feb ' 17.

Chasen has 3 business segments:

Specialist Relocation Segment, Technical and Engineering Business Segment and

Third Party Logistics Business segment.

 

These 3 segments are spread across the geographical regions of

Malaysia and the People' s Republic of China.

 

Chasen reported on 10 feb ' 16 that it' s revenue improvements were from all segments

of their business and also across all geographical regions. See quote below:

&ldquo For the quarter (&ldquo Q3FY2017&rdquo ) and nine months (&ldquo 9MFY 2017&rdquo ) ended 31 December 2016,

Group&rsquo s revenue of $29.7 million and $73.9 million  respectively were higher than the corresponding

periods in last year by 41% or $8.6 million and 8% or $5.4 million respectively.

This was mainly due to higher revenue from all Business Segments particularly from Specialist Relocation

and Technical and Engineering Business Segments across the geographic regions

of Malaysia and the People&rsquo s Republic of China (hereafter &ldquo PRC&rdquo ).&rdquo

- end of quote -

 

josephyeo      ( Date: 18-Feb-2017 02:10) Posted: Management comment on 10 feb 2017: Quote " The commencement of the relocation projects acsross all geograghical regions in the Specialist Relocation Segment, the increased manufacturing activities within the Technical and Engineering Business Segment as well as the growing Indo China cross border freight business within the Third Party Logistics Business Segment, are expected to contribute positively to the Group' s performance. Barring unforseen circumstances, the Group expect to remain profitable this financial year" - end - josephyeo      ( Date: 16-Feb-2017 01:53) Posted: Chasen operated at a loss of S$1.5 mil in financial year 2016. It has turnaround this current year. Profit for the 9 months current year stands at S$1.3 mil. If current profit hold, full year profits are likely to be above S$2 mil.   Price earning ratio (pe ratio): PE for 9 months for current year is 8.9x. If 4th quarter results is as good as 3rd, the profit for the full year would be around S$2.5 mil. Company is currently capitalised at S$12 mil. A profit of S$2.5 will give the company a PE ratio of 4.8x. This implies that the company is under valued. Given the improvements in top n bottom line in the last 3 quarters, there is a fair chance that the 3rd quarter profit could be maintained.   NTA Current price of 3.6 cts is 80% below its nta of 18.6 cts.   Cash / debt Company has cash n cash equivalent of S$8.8 mil against debt of S$33 mil. The cash backing per share is 2.6 cts which is fairly close to the last traded price of 3.6 cts.   Dividends Company has been consistent in giving dividends though the level of dividends fluctuates. A divdend of 0.05 cts was declared in the last financial year giving a yield of 1.39%. Previous years (2013 to 2015) dividends were between 0.01 to 0.2 cts per share. With improved profits, dividend could be higher for this financial year.   Price history 52 weeks high is 6.2 cts and low is 1.9 cts. Price on date of posting is 3.6 cts. 5 year high is 45.1 and low is 1.9 cts.   Conclusion: In conclusion, i like the counter for the following reasons: its trading far below its nta level, its showing improvements in top and bottom line in the last 3 quarters, it gives dividend, its trading at 40plus % below its 52 weeks high. Balance sheet looks ok and every share is backed up with 2.6 cts cash. Company would be grossly under valued if company is able to hold its profit at the 3rd quarter level of S$1.2 mil.   Note: I am vested. Above are just my thoughts and I could be very wrong in my projection/analysis. The posting is intend for sharing and is not a call to buy or sell.   Just for info, below are the results of mine 3 posts in 2016 - 1. Ezion. Date posted &ndash 21 Sept ' 16. Price on date of post &ndash 27 cts. Today' s closing 38 cts. Up 40 %. 2. Sinostar Pec. Date posted &ndash 10 oct ' 16. Price on date of post &ndash 12.5 cts. Today' s closing &ndash 16.3 cts. Up 30.4 %. 3. Mermaid Maritime. Date posted &ndash 27 oct ' 16. Price on date of post - 11.8 cts. Today' s closing &ndash 23 cts. Up 94.9 %.   Am also vested in 2 other counters &ndash Excelpoint n Serial System. Both are high dividend yielding stocks and both are expected to report good 4th quarter results.

 

Management comment on 10 feb 2017:

Quote

" The commencement of the relocation projects acsross all geograghical regions in the

Specialist Relocation Segment, the increased manufacturing activities within the Technical

and Engineering Business Segment as well as the growing Indo China cross border freight

business within the Third Party Logistics Business Segment, are expected to contribute

positively to the Group' s performance.

Barring unforseen circumstances, the Group expect to remain profitable this financial year"

- end -

josephyeo      ( Date: 16-Feb-2017 01:53) Posted: Chasen operated at a loss of S$1.5 mil in financial year 2016. It has turnaround this current year. Profit for the 9 months current year stands at S$1.3 mil. If current profit hold, full year profits are likely to be above S$2 mil.   Price earning ratio (pe ratio): PE for 9 months for current year is 8.9x. If 4th quarter results is as good as 3rd, the profit for the full year would be around S$2.5 mil. Company is currently capitalised at S$12 mil. A profit of S$2.5 will give the company a PE ratio of 4.8x. This implies that the company is under valued. Given the improvements in top n bottom line in the last 3 quarters, there is a fair chance that the 3rd quarter profit could be maintained.   NTA Current price of 3.6 cts is 80% below its nta of 18.6 cts.   Cash / debt Company has cash n cash equivalent of S$8.8 mil against debt of S$33 mil. The cash backing per share is 2.6 cts which is fairly close to the last traded price of 3.6 cts.   Dividends Company has been consistent in giving dividends though the level of dividends fluctuates. A divdend of 0.05 cts was declared in the last financial year giving a yield of 1.39%. Previous years (2013 to 2015) dividends were between 0.01 to 0.2 cts per share. With improved profits, dividend could be higher for this financial year.   Price history 52 weeks high is 6.2 cts and low is 1.9 cts. Price on date of posting is 3.6 cts. 5 year high is 45.1 and low is 1.9 cts.   Conclusion: In conclusion, i like the counter for the following reasons: its trading far below its nta level, its showing improvements in top and bottom line in the last 3 quarters, it gives dividend, its trading at 40plus % below its 52 weeks high. Balance sheet looks ok and every share is backed up with 2.6 cts cash. Company would be grossly under valued if company is able to hold its profit at the 3rd quarter level of S$1.2 mil.   Note: I am vested. Above are just my thoughts and I could be very wrong in my projection/analysis. The posting is intend for sharing and is not a call to buy or sell.   Just for info, below are the results of mine 3 posts in 2016 - 1. Ezion. Date posted &ndash 21 Sept ' 16. Price on date of post &ndash 27 cts. Today' s closing 38 cts. Up 40 %. 2. Sinostar Pec. Date posted &ndash 10 oct ' 16. Price on date of post &ndash 12.5 cts. Today' s closing &ndash 16.3 cts. Up 30.4 %. 3. Mermaid Maritime. Date posted &ndash 27 oct ' 16. Price on date of post - 11.8 cts. Today' s closing &ndash 23 cts. Up 94.9 %.   Am also vested in 2 other counters &ndash Excelpoint n Serial System. Both are high dividend yielding stocks and both are expected to report good 4th quarter results.

 

For info - Chasen has 2 warrant issues, one expiring this year (2017), and another

expiring on 1st feb 2018 with an exercise price of 2.5 cts. On current price of

Chasen at 4.4 cts, and warrant price of 2.0 cts, the premium for the warrant

is only 2.3%.

 

Chasen_Press_Release-ProjectWins_FY2017.pdf

 

Chasen .. good closing at 4.1cts.

 

Little grasshopper, welcome. You have just entered into the site of the grand master JY...........

beginners      ( Date: 16-Feb-2017 11:22) Posted: What happen, sudden run up? Some more Under watch list .

 

What happen, sudden run up? Some more Under watch list .

 

Bought at 39.  Happy happy

 

  Bot 200 lots at 38 this morning......huat ah

josephyeo      ( Date: 16-Feb-2017 08:26) Posted: i mentioned Excelpoint in the below write up. The result is out. Re: Excelpoint revenue up 19.3% to S$1.3 billion. profit up 62% to S$10 millions dividend declared - 4 cts last traded price 42 cts .. dividend yield 9,5% FYI josephyeo      ( Date: 16-Feb-2017 01:53) Posted: Chasen operated at a loss of S$1.5 mil in financial year 2016. It has turnaround this current year. Profit for the 9 months current year stands at S$1.3 mil. If current profit hold, full year profits are likely to be above S$2 mil.   Price earning ratio (pe ratio): PE for 9 months for current year is 8.9x. If 4th quarter results is as good as 3rd, the profit for the full year would be around S$2.5 mil. Company is currently capitalised at S$12 mil. A profit of S$2.5 will give the company a PE ratio of 4.8x. This implies that the company is under valued. Given the improvements in top n bottom line in the last 3 quarters, there is a fair chance that the 3rd quarter profit could be maintained.   NTA Current price of 3.6 cts is 80% below its nta of 18.6 cts.   Cash / debt Company has cash n cash equivalent of S$8.8 mil against debt of S$33 mil. The cash backing per share is 2.6 cts which is fairly close to the last traded price of 3.6 cts.   Dividends Company has been consistent in giving dividends though the level of dividends fluctuates. A divdend of 0.05 cts was declared in the last financial year giving a yield of 1.39%. Previous years (2013 to 2015) dividends were between 0.01 to 0.2 cts per share. With improved profits, dividend could be higher for this financial year.   Price history 52 weeks high is 6.2 cts and low is 1.9 cts. Price on date of posting is 3.6 cts. 5 year high is 45.1 and low is 1.9 cts.   Conclusion: In conclusion, i like the counter for the following reasons: its trading far below its nta level, its showing improvements in top and bottom line in the last 3 quarters, it gives dividend, its trading at 40plus % below its 52 weeks high. Balance sheet looks ok and every share is backed up with 2.6 cts cash. Company would be grossly under valued if company is able to hold its profit at the 3rd quarter level of S$1.2 mil.   Note: I am vested. Above are just my thoughts and I could be very wrong in my projection/analysis. The posting is intend for sharing and is not a call to buy or sell.   Just for info, below are the results of mine 3 posts in 2016 - 1. Ezion. Date posted &ndash 21 Sept ' 16. Price on date of post &ndash 27 cts. Today' s closing 38 cts. Up 40 %. 2. Sinostar Pec. Date posted &ndash 10 oct ' 16. Price on date of post &ndash 12.5 cts. Today' s closing &ndash 16.3 cts. Up 30.4 %. 3. Mermaid Maritime. Date posted &ndash 27 oct ' 16. Price on date of post - 11.8 cts. Today' s closing &ndash 23 cts. Up 94.9 %.   Am also vested in 2 other counters &ndash Excelpoint n Serial System. Both are high dividend yielding stocks and both are expected to report good 4th quarter results.

 

Wow, one posting from you and the market goes crazy. Payfu payfu, you are indeed the master

 

i mentioned Excelpoint in the below write up. The result is out.

Re: Excelpoint

revenue up 19.3% to S$1.3 billion.

profit up 62% to S$10 millions

dividend declared - 4 cts

last traded price 42 cts .. dividend yield 9,5%

FYI

josephyeo      ( Date: 16-Feb-2017 01:53) Posted: Chasen operated at a loss of S$1.5 mil in financial year 2016. It has turnaround this current year. Profit for the 9 months current year stands at S$1.3 mil. If current profit hold, full year profits are likely to be above S$2 mil.   Price earning ratio (pe ratio): PE for 9 months for current year is 8.9x. If 4th quarter results is as good as 3rd, the profit for the full year would be around S$2.5 mil. Company is currently capitalised at S$12 mil. A profit of S$2.5 will give the company a PE ratio of 4.8x. This implies that the company is under valued. Given the improvements in top n bottom line in the last 3 quarters, there is a fair chance that the 3rd quarter profit could be maintained.   NTA Current price of 3.6 cts is 80% below its nta of 18.6 cts.   Cash / debt Company has cash n cash equivalent of S$8.8 mil against debt of S$33 mil. The cash backing per share is 2.6 cts which is fairly close to the last traded price of 3.6 cts.   Dividends Company has been consistent in giving dividends though the level of dividends fluctuates. A divdend of 0.05 cts was declared in the last financial year giving a yield of 1.39%. Previous years (2013 to 2015) dividends were between 0.01 to 0.2 cts per share. With improved profits, dividend could be higher for this financial year.   Price history 52 weeks high is 6.2 cts and low is 1.9 cts. Price on date of posting is 3.6 cts. 5 year high is 45.1 and low is 1.9 cts.   Conclusion: In conclusion, i like the counter for the following reasons: its trading far below its nta level, its showing improvements in top and bottom line in the last 3 quarters, it gives dividend, its trading at 40plus % below its 52 weeks high. Balance sheet looks ok and every share is backed up with 2.6 cts cash. Company would be grossly under valued if company is able to hold its profit at the 3rd quarter level of S$1.2 mil.   Note: I am vested. Above are just my thoughts and I could be very wrong in my projection/analysis. The posting is intend for sharing and is not a call to buy or sell.   Just for info, below are the results of mine 3 posts in 2016 - 1. Ezion. Date posted &ndash 21 Sept ' 16. Price on date of post &ndash 27 cts. Today' s closing 38 cts. Up 40 %. 2. Sinostar Pec. Date posted &ndash 10 oct ' 16. Price on date of post &ndash 12.5 cts. Today' s closing &ndash 16.3 cts. Up 30.4 %. 3. Mermaid Maritime. Date posted &ndash 27 oct ' 16. Price on date of post - 11.8 cts. Today' s closing &ndash 23 cts. Up 94.9 %.   Am also vested in 2 other counters &ndash Excelpoint n Serial System. Both are high dividend yielding stocks and both are expected to report good 4th quarter results.

 

Chasen operated at a loss of S$1.5 mil in financial year 2016.

It has turnaround this current year. Profit for the 9 months

current year stands at S$1.3 mil. If current profit hold, full year

profits are likely to be above S$2 mil.

Price earning ratio (pe ratio):

PE for 9 months for current year is 8.9x. If 4th quarter results is as

good as 3rd, the profit for the full year would be around S$2.5 mil.

Company is currently capitalised at S$12 mil. A profit of S$2.5 will

give the company a PE ratio of 4.8x. This implies that the company

is under valued.

Given the improvements in top n bottom line in the last 3 quarters,

there is a fair chance that the 3rd quarter profit could be maintained.

NTA

Current price of 3.6 cts is 80% below its nta of 18.6 cts.

Cash / debt

Company has cash n cash equivalent of S$8.8 mil against debt

of S$33 mil. The cash backing per share is 2.6 cts which is fairly

close to the last traded price of 3.6 cts.

Dividends

Company has been consistent in giving dividends though the level

of dividends fluctuates. A divdend of 0.05 cts was declared in the

last financial year giving a yield of 1.39%. Previous years (2013 to

2015) dividends were between 0.01 to 0.2 cts per share. With

improved profits, dividend could be higher for this financial year.

Price history

52 weeks high is 6.2 cts and low is 1.9 cts. Price on date of posting is

3.6 cts.

5 year high is 45.1 and low is 1.9 cts.

Conclusion:

In conclusion, i like the counter for the following reasons:

its trading far below its nta level, its showing improvements in top

and bottom line in the last 3 quarters, it gives dividend, its trading

at 40plus % below its 52 weeks high. Balance sheet looks ok and

every share is backed up with 2.6 cts cash.

Company would be grossly under valued if company is able to

hold its profit at the 3rd quarter level of S$1.2 mil.

Note: I am vested. Above are just my thoughts and I could be very

wrong in my projection/analysis. The posting is intend for sharing

and is not a call to buy or sell.

Just for info, below are the results of mine 3 posts in 2016 -

1. Ezion. Date posted &ndash 21 Sept ' 16. Price on date of post &ndash 27 cts.

Today' s closing 38 cts. Up 40 %.

2. Sinostar Pec. Date posted &ndash 10 oct ' 16. Price on date of post &ndash

12.5 cts. Today' s closing &ndash 16.3 cts. Up 30.4 %.

3. Mermaid Maritime. Date posted &ndash 27 oct ' 16. Price on date of post

- 11.8 cts. Today' s closing &ndash 23 cts. Up 94.9 %.

Am also vested in 2 other counters &ndash Excelpoint n Serial System.

Both are high dividend yielding stocks and both are expected to

report good 4th quarter results.