Ernest Lim's investing blog

Unique insights into SGX small caps

Month: April 2013

Dukang Distillers –Price range bound since Nov 2012

el15

Dukang Distillers –Price range bound since Nov 2012 I have previously written on Dukang two months ago citing that Dukang is still growing despite industry headwinds (See http://ernest15percent.com/index.php/2013/02/03/dukang-distillers-still-growing-despite/). Since then, Dukang reported a good set of 2QFY13F results. 2QFY13 revenue and net profit rose 37% and 52% y/y to RMB738m and RMB144m respectively. 1HFY13 rev and net profit were RMB1.14b and RMB208m respectively. It is noteworthy that 1HFY13 earnings were almost on par with their full year FY12 results. Dukang’s share price briefly saw a pop upon results (it closed at 0.310 before results) and went to an intraday high […]

Swiber dropped 8% in 7 trading days. Any red flag?

el15

Swiber has dropped 8% in seven trading days, from an intraday high of $0.685 on 3 Apr to $0.630 on 12 Apr. Contrast this with its 57.5% owned subsidiary Kreuz which closed at $0.530, near its all time closing high of $0.535. (Based on Chart 1 below, Swiber was nowhere near the recent high of around $0.720 on 27 Feb which was briefly touched upon after its release of 4QFY12 results.) Chart 1: Swiber dropped five consecutive days. Supports 0.620 -0.630 / 0.610                       Source: CIMB itrade complimentary chart (12 Apr 13) Chart 2: Kreuz closed […]

Kreuz – good results; strong chart; low valuations

el15

*Dear all, below is my introductory writeup on Kreuz. As i have problems attaching some of the charts on my blog, feel free to email me at crclk@yahoo.com.sg   Description of Kreuz Before July 2008, Kreuz was a division of the Swiber Group. Subsequently, it was listed on SGX on 29 Jul 2010 and transferred its listing to the Main Board of the SGX-ST on 8 Oct 12. Kreuz is a sub sea provider whose services include subsea construction and installation services which support new offshore installation and construction projects, as well as, inspection, repair and maintenance (“IRM”) of existing offshore production and pipeline facilities. Do […]