Hotung

[winston]

Vested.

Notes:-
1) Buybacks
2) RNAV 0.21 ?
3) What are the catalyst that would make it go higher ? Buybacks ? Discount to RNAV ?
4) Court Case settled. Any more risk ? Unfavorable market conditions to list Tech companies ?
5) Third Avenue Selling

Target Price:-
1) DBS 0.22 May 8 & Aug 25
2) Kim Eng 0.22 Nov21 from 0.19 May 10 from 0.2 Sep 14
3) CIMB 0.2 Apr 9

[winston]

1) Results just out.

http://info.sgx.com/webcoranncatth.nsf/ ... penelement

2) Also just noticed that CIM Dividend Income Fund was buying. Please check the SGX for the latest transactions.

Vested

[cif5000]

Vested too....bought a very small amount on 080808

[helios]

monthly chart brushed throúgh 3 necklines, August'06 August'07 August'08 ... another 1 year wait?!



- Chart reviewed on 08-Aug'08.

[winston]

Vested. This counter jumped 20% today on no news.

Noticed that Overseas have also increased their stake to 6.59%.

[winston]

Vested. From DBS:-

BUY US$0.09 STI : 2,618.76
Upgrade from HOLD
Price Target : 12-Month US$ 0.14 Prev US$ 0.08
Reason for Report : Improved Outlook
Potential Catalyst: Improved equity markets performance
Aug 27, 2009

Outlook brightens
• Results in line but sequential
• Sequential improvement in performance
• Turning upbeat on its outlook
• Upgrade to BUY, TP S$0.14 pegged to 0.7x NAV based on average historical trading P/BV trading range.

Results in line. Hotung (HIH) reported 2Q09 results in line with our expectations. Operating revenues were slightly lower at -16% yoy to NT$161.0m, while net profit declined by - 41% to NT$19.9m. This was largely due to lower divestments recorded in the quarter. However, despite the lower yoy performance, disposal proceeds were 75% higher qoq on the back of improved equity market conditions in Taiwan.

In line with more buoyant financial market environment, HIH reported an increase in its fair value reserve from NT$446m as of 31st Mar ’09 to NT $760m in 30th Jun’09. As a result, NAV per share increased to NT $6.45 (US$0.195) per share.

Turning upbeat on its outlook. Looking ahead, we expect HIH to continue to deliver sequential earnings improvement on the back of an improved outlook of the equity markets in Taiwan and regional bourses. This will present greater opportunities for HIH to divest their stakes in investee companies at improved valuations when compared to a year ago.

Upgrade to BUY, TP S$0.14, pegged to 0.7x P/BV. We are upgrading our recommendation to BUY, TP S$0.14 pegged to its historical average P/BV ratio of 0.7x P/BV, representing an upside of c. 55% from current trading price of US$0.09.

[iam802]

2010Jan-Hotung US$-800x600.png

Chart request from W.

My take:
It's difficult to read such charts as the price hardly move.

But, there seems to be some price movement during the last 2 days.

No breakout at this moment but it does looks like 'the cup is formed' and if it does break upwards after retracing, we may have a 'handle'

[winston]

Thanks 802, for the kind chart.

Take care, Winston

Vested. I'm hoping that Taiwan + Tech will be a potent combination

[winston]

Vested. I was wondering why it spiked up. Now I know

Tai Lung Capital Inc. bought 3m shares and increased their stake to 15.40 % from 15.13%

[millionairemind]

Vested. I was wondering why it spiked up. Now I know

Tai Lung Capital Inc. bought 3m shares and increased their stake to 15.40 % from 15.13%

Huat ar Towkay, congrats