Kingboard Copperfoil

Kingboard Copperfoil

Postby winston » Sat Aug 02, 2008 8:50 am

Not vested

Kingboard Copperfoil (KCF SP, $0.255)

• We maintain Buy call with price target of $0.46. Stock is up 2% in the morning. 2Q08 net profit
of HK$59.5m (+7% yoy) came in 5% below our estimate, with the key variances being lowerthan-
expected GP margins and other income.

1H results form 37% of our full-year forecast (still within historical norms). An unchanged interim dividend of 2.6 HK cts was declared. We have trimmed our FY08-10 EPS estimates by 1-2% to assume lower gross margins but slightly higher sales.

Source: CIMB
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Re: Kingboard Copperfoil

Postby millionairemind » Sat Aug 02, 2008 10:12 am

Used to trade this stock several years ago.. as usual, do remember keep track of their raw material cost in order to have a good grip of their earnings before they announce it.

Good luck to those vested ;)
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Re: Kingboard Copperfoil

Postby millionairemind » Mon Nov 10, 2008 8:56 pm

"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Kingboard Copperfoil

Postby behappyalways » Sat Mar 01, 2014 10:14 pm

Minority shareholders 'punished' again.......zero dividend

A few years ago, The Edge did a good write up on the company.....

Kingboard was doing biz with a sister company and charging below market price for the job( one way of shifting profits from one company to another....In investment, you need to be careful with interest party transactions and need to know which company is the Gem of the significant shareholder. They can play around with the results). So Pope Asset Management who owns a sizeable share in kingboard convene a EGM which decides to drop the biz with the sister company. I think Pope tries to force the hand of the mgmt. to be fair to Kingboard shareholders.

But mgmt. decides to 'tender out' the properties, plant and machinery of Kingboard in order to earn an income......so kingboard's earnings drop and I guess the sister company could carry on their biz with Harvest Resource Management Limited, an 'independent party' which won the tender.

independent party with a hypen...


So now kingboard decides not to pay dividend....'punishment' for misbehaving?????

Correct me if my infor is inaccurate because they are based on my memories.....

This is what I think is happening in swing media right now....company is leasing equip to other parties(related???)......and company has to issue rights and placements each year to buy equip and keep the biz going. So swing media is subsidising other companies?????



FY2013
http://infopub.sgx.com/FileOpen/Kingboa ... eID=276280



Extension of The Licensing of Manufacturing Facilties
http://infopub.sgx.com/FileOpen/LICENSI ... eID=254576
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Re: Kingboard Copperfoil

Postby behappyalways » Fri Aug 28, 2015 6:15 pm

EXTENSION OF THE LICENSING OF MANUFACTURING FACILITIES
http://infopub.sgx.com/FileOpen/KBCFRen ... eID=367617
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Re: Kingboard Copperfoil

Postby behappyalways » Fri Nov 13, 2015 2:05 pm

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Re: Kingboard Copperfoil

Postby winston » Mon Oct 24, 2016 9:43 am

not vested

What's happening at Kingboard Copper Foil?

By Joan Ng

SINGAPORE (Oct 21): An EY review stemming from allegations made by minority shareholders that Kingboard Copper Foil was selling the bulk of its output on unfair terms to its parent company uncovered more than just an unfair transaction.

Lapses in record keeping and undocumented decisions by the audit committee were just the tip of the iceberg.

In its investigation into the relations between Harvest Resources Management and Kingboard Group, EY discovered that records related to interested persons transactions were incomplete, and has to receive the complete set of documents.

Furthermore, decisions made by the audit committee were not properly documented in the minutes of the meeting.

However the biggest lapse was in the disclosures around Harvest Resource management.

Source: The Edge

http://smr.theedgemarkets.com/article/w ... 9-87358173
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Re: Kingboard Copperfoil

Postby behappyalways » Wed Feb 22, 2017 7:42 pm

Kingboard Copper Foil posts 63% decline in full year earnings
http://www.theedgemarkets.com.sg/articl ... r-earnings
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Re: Kingboard Copperfoil

Postby behappyalways » Sat Mar 04, 2017 5:12 pm

Parent of Kingboard Copper Foil offers 40 cents per share in 2nd try to take company private
http://www.theedgemarkets.com.sg/articl ... ny-private
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Re: Kingboard Copperfoil

Postby behappyalways » Sun Nov 19, 2017 9:04 pm

kingboard-copper-foil-posts-3q-earnings-6624-1-mil-lower-costs
https://www.theedgesingapore.com/kingbo ... ower-costs
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