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HAM YONG KWAN added more shares at around 74 cents..
http://uniasia.listedcompany.com/newsroom/20210603_173911_CHJ_Q90EGKRH241WHH6P.1.pdf
http://uniasia.listedcompany.com/newsroom/20210603_173911_CHJ_Q90EGKRH241WHH6P.1.pdf
Price is moving upwards again...bidding war starting between key shareholders?
Strong Potential for Uni-Asia to continue upward rise...
> Deep value with good performance expected for its business units as indicated by KGI report..Target price of S$0.91
> Key shareholders have been acquiring stake, bidding war brewing?
pls do your own DD
> Deep value with good performance expected for its business units as indicated by KGI report..Target price of S$0.91
> Key shareholders have been acquiring stake, bidding war brewing?
pls do your own DD
$ 1.00 !!!
WBdisciple ( Date: 18-May-2021 18:07) Posted:
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Extracts from their 1Q2021 corporate update:
- Total assets per balance sheet USD 235.9 million
- Through efficient deployment of cash, the Group&rsquo s total cash balances remain more than USD30 million as at 31 March 2021 (at USD 34.52 million)
- Total borrowings had reduced in 1Q2021 mainly due to repayment of borrowings from proceeds of sale of containership, scheduled repayments of long-term borrowings, as well as repayments of short-term borrowings as part of the Group&rsquo s deleveraging strategy.
- The Group is committed to reducing total and short-term borrowings and had been consistently paring down borrowings over the years
- With the dry bulk market growing exceptionally in 2021, the Group strives to capitalise on the current market to achieve the best possible charter rates and returns for the ships in the Group&rsquo s portfolio.
- For 1Q2021, the Group had achieved an average daily charter of around USD10,000 for the ships under ship owning and chartering segment.
- The current good market may help to increase the overall returns from joint-investment entities
- The Group has invested in 8 Hong Kong property projects to-date.
- The Group has built up a good reputation for our ALERO projects in Tokyo. We will continue to build on this good name to generate returns from ALERO projects.
- Total assets per balance sheet USD 235.9 million
- Through efficient deployment of cash, the Group&rsquo s total cash balances remain more than USD30 million as at 31 March 2021 (at USD 34.52 million)
- Total borrowings had reduced in 1Q2021 mainly due to repayment of borrowings from proceeds of sale of containership, scheduled repayments of long-term borrowings, as well as repayments of short-term borrowings as part of the Group&rsquo s deleveraging strategy.
- The Group is committed to reducing total and short-term borrowings and had been consistently paring down borrowings over the years
- With the dry bulk market growing exceptionally in 2021, the Group strives to capitalise on the current market to achieve the best possible charter rates and returns for the ships in the Group&rsquo s portfolio.
- For 1Q2021, the Group had achieved an average daily charter of around USD10,000 for the ships under ship owning and chartering segment.
- The current good market may help to increase the overall returns from joint-investment entities
- The Group has invested in 8 Hong Kong property projects to-date.
- The Group has built up a good reputation for our ALERO projects in Tokyo. We will continue to build on this good name to generate returns from ALERO projects.
UNi-Asia is firing on all fronts in its business activites..check out their business update:
http://uniasia.listedcompany.com/newsroom/20210514_170921_CHJ_LO070X1PFOT8ABTA.1.pdf
HAM YONG KWAN, substantial shareholder, have been buying as well..latest acquisition price at 67 cents...
Mkt Cap is about S$51 million BUT Company has cash of US$34 million (S$45 million) on hand...they have shipping and property assets (in Hong Kong and Japan).
http://uniasia.listedcompany.com/newsroom/20210514_170921_CHJ_LO070X1PFOT8ABTA.1.pdf
HAM YONG KWAN, substantial shareholder, have been buying as well..latest acquisition price at 67 cents...
Mkt Cap is about S$51 million BUT Company has cash of US$34 million (S$45 million) on hand...they have shipping and property assets (in Hong Kong and Japan).
I believe that UNi-Asia is poised to benefit as well....
http://www.uni-asia.com/
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Pan Ocean
The shipping company reported attributable profit of US$49.1 million for the quarter to March, nearly three times the US$18.2 million it posted in 2020.
Sales rose 30.3 per cent on the year to US$610.8 million amid an " unseasonal high" for the dry bulk market.
This is as demand for minor cargoes such as steel products rose steeply, with economies recovering from Covid-19 coal demand also picked up amid frigid weather in 2021.
http://www.uni-asia.com/
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Pan Ocean
The shipping company reported attributable profit of US$49.1 million for the quarter to March, nearly three times the US$18.2 million it posted in 2020.
Sales rose 30.3 per cent on the year to US$610.8 million amid an " unseasonal high" for the dry bulk market.
This is as demand for minor cargoes such as steel products rose steeply, with economies recovering from Covid-19 coal demand also picked up amid frigid weather in 2021.