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consumer should be resilient. too many negative headwinds for techs, 太子. overvaluation, AI bubble and now trade war tariffs targeting techs; fighting for dominance in techs between US and China :) Locally, higher min wage and higher electricity tariffs. And will be interesting to see whether techs will be sold down again after bear rally last week - Sell in May phenomenon.
hello yh, cpetech is pretty similar to UWC but at a smaller scale and very much focused on precision machining and not so much on assemblies. Maybe Plant 6 will have assemblies in the future. Briefly looked at its annual report and comparing the performance in 2023 and 2024, it is showing the typical "IPO" trends - good numbers marching towards IPO and weaker numbers after IPO. Top line and bottom line for cpetech dropped by almost 50% comparing 2023 and 2024; very volatile. The price dropped to lower forties of 0.425 last week and i personally think its a fair price at that range but not cheap. Going below 0.40 will be cheap and attractive given the volatility in its top line and bottom line performance. There is another risk that I saw which is the USDSGD forex. 1.4M hit on pat for every 5% weakening of USDSGD. Q1'25 has seen ~4.7% weakening comparing to the peak in Q4'24. Can expect some impact here. Just my opinions, could be wrong. Hope it helps.
alright. indeed there are cheap stocks out there; in different markets too. just that Q1'25 data for US and China could be "distorted" due to anticipation of tariffs on 2nd Apr; pull in purchase/stocking up inventories if you will.
ah danco. Its been a while and just realized its near to the price I bought it back in 2020. I have not been following danco since 2022 and may take a while to catch up again. I did check some of the numbers I have back then and ctd numbers from the latest qr. Balance sheet expansion and net cash level remained the same comparing to 2020. I think current price is pretty decent based on limited homework that I have cross checked. Just my personal opinions, could be wrong. Hope it helps.
you are welcome, 太子. I presumed you are familiar with Danco's nature of business; closely related to palm oil if you will. As such, Danco's products and services will do well if palm oil plantation/refineries are operating at high utilization; typically at the back of high demand for palm oil and high cpo price. When demand/cpo price is sluggish, you can expect lower utilization from these factories. If you are buying Danco, you may want to keep an eye on the demand for palm oil (India/China as alternative edible oil for soybean/sunflower oil when the latter prices are high, Indonesia biofuel mandates which will limit exports and pushing up the cpo price). As for the fcpo price trend, I doubt these two factors will drive it back to the level seen post pandemic in 2020/2021. Just my opinions, could be wrong. Hope it helps.
yes it is, mostly in the palm oil industry though their products can also be used in other petrochem related industries. I saw there is a new EV charging station under the e&e segment.
I dare not imagine that, t&s :) will probably keep 20% of the positions if it reaches 5th floor and see whether it can become dollar stock in a year or two time frame.
its ok as long as you earned it when you sold out your positions previously, william :) the only option left is trading the trends while keeping your stops in place since your new entries are way higher than your previous positions.
ooh ok. congrats william. hold it tightly. just need to keep an eye on forthcoming announcements - change of financial year end, and intention to deal during closed period by the directors :)
change in financial year end means changes in the dates for AGM. hmmm... seems like the theory from t&s makes some sense. if it is true, hopefully its a peaceful rto instead of a hostile rto.
I doubt the Plabs team will dump their holdings as ToT team will be ready to buy. Plabs team hasn't been buying when it was at 0.19 range and they will not buy at higher prices either. deadlock situation until boardroom tussle is resolved :( There will be casualty of war but may not be a bad outcome if rto happens. We have not seen much aggressive business actions prior to ToT acquisition from Plabs team. Future new board members and leadership from ToT (Datuk Loh) may bring in hope of changes.
congrats t&s. its a worthwhile wait and ride :) good decision due to uncertainty ahead coupled with potential volatility arising from the hostile rto. can revisit again when everything is sorted out.
Something like that, hktee. Rebalancing here means reducing my positions in Plabs. I may miss out higher returns in the near term by doing so; to limit the risk on the running profits.