Singapore Kitchen Equipment *Official* (SGX: 5WG)

O

Opps-gal

Supremacy Member
Joined
Jun 14, 2007
Messages
8,207
Reaction score
966
With so many new ipos launching, I will give this one a miss. Not very interested.
 
W

w1rbelw1nd

Master Member
Joined
Dec 12, 2010
Messages
3,115
Reaction score
6
Waaa really no interest here at all hor. I applied 21 get 5 :D heng ah 24% chance to get only hahaha
 
C

C32B

Master Member
Joined
Jun 26, 2003
Messages
4,433
Reaction score
125
Sell kitchen equipment also got IPO.. Mary Chia also listed in SGX. What's more ? Triumph or sell swimming wear de also coming up IPO ????
 
P

parkingandride

Master Member
Joined
Jul 7, 2012
Messages
3,510
Reaction score
0
parkingandride said:
Dun get you.. do u mean neo group invest in this IPO?
Click to expand...

Just went to Neo Group on SGX and check they announce they buy 3% of this kitchen shares..

Where do you know abt this? Anywhere to find out who are the other major shareholders who buy in the remaining 20% of this shares?
 
P

parkingandride

Master Member
Joined
Jul 7, 2012
Messages
3,510
Reaction score
0
Dividends Warrior said:
Yes. Neo group also stagg.:s13:
Click to expand...

Ic.. actually i am quite keen in this share because of their consistent revenue and they mention they are keen to give dividend of 40% of their earnings for 2014.. Their NAV also quite high at 0.08x

Anyone knows what is their P/E like? I not sure how to count.

The only fear I have is this is a 50 to 100 pple team, and 3 major controller shareholder at 70%-80% share from what I read.
I personally dun know can trust their book or not.

But knowing Neo Group has investment makes me gain some confidence.. Any other coy have their placement shares? Btw, how to check who is their catalist sponser?
 
C

Cookie_Mon

Member
Joined
May 7, 2013
Messages
238
Reaction score
1
parkingandride said:
Ic.. actually i am quite keen in this share because of their consistent revenue and they mention they are keen to give dividend of 40% of their earnings for 2014.. Their NAV also quite high at 0.08x

Anyone knows what is their P/E like? I not sure how to count.

The only fear I have is this is a 50 to 100 pple team, and 3 major controller shareholder at 70%-80% share from what I read.
I personally dun know can trust their book or not.

But knowing Neo Group has investment makes me gain some confidence.. Any other coy have their placement shares? Btw, how to check who is their catalist sponser?
Click to expand...

Their Sponsor is CIMB and their auditors are BDO. Financials wise I think most of their operations in Singapore and Malaysia so should have some integrity bah.. This isn't really those S-chips but being a catalist listing, there will always be higher risks.

The valuation u can see from here:
http://www.bloomberg.com/quote/SKE:SP

In terms of the Net Income for 2012 was abit inflated by "most likely" one-off asset disposal (~1.7M). I think 2011 might be a better figure for a perpetual net income based on a 17M a year sales. IF they really give a 40% dividend, then you could easily do a DDM to find an indicative value for the company.

Gross margins not too bad though for Singapore :)
 
W

w1rbelw1nd

Master Member
Joined
Dec 12, 2010
Messages
3,115
Reaction score
6
avviicc said:
wow.. now 16.5 cents nia. u sold liow.?

wait it becomes mary chia, 5 cents and no volume.. cham liow
Click to expand...

Not a big problem for me. The company fundamentals is still the same as IPO, so I bought another 5 lots in the open market at 0.167. Will buy more at 0.15!
 
Pocoyoz

Pocoyoz

High Supremacy Member
Joined
Aug 7, 2005
Messages
35,452
Reaction score
5,522
C32B said:
Sell kitchen equipment also got IPO.. Mary Chia also listed in SGX. What's more ? Triumph or sell swimming wear de also coming up IPO ????
Click to expand...

Triumph beri big oh 3b revenue , more than many mickey mouse coy listed in sgx:s22::s22:
 
J

Jupiter2017

Senior Member
Joined
Sep 2, 2017
Messages
1,476
Reaction score
0
http://www.businesstimes.com.sg/com...-equipment-seeks-dual-listing-on-hk-gem-board
Singapore Kitchen Equipment seeks dual listing on HK GEM board
Wed, Jan 17, 2018 - 1:36 PM Wong Kai Yi kaiyiw@sph.com.sg

CATALIST-listed Singapore Kitchen Equipment is seeking a dual primary listing of its shares on the Growth Enterprise Market (GEM) board of the Stock Exchange of Hong Kong (SEHK) through a share offer.
The company, which deals in the fabrication and distribution of commercial kitchen equipment, announced in a statement on Wednesday that the opportunities provided by the dual listings will help increase the company's visibility to potential customers, attract both private and institutional investors, and widen the company's investor and shareholder base, helping improve its share liquidity.
Proceeds from the listing will potentially go towards improving its factory capability, expanding into the hospitality sector and improving its footing in the Hong Kong and Chinese markets.
The company said that as of the announcement, preparation for the listing was underway and "no application" had yet been made to SEHK, further cautioning that there was no assurance or certainty that the listing would happen.
Singapore Kitchen Equipment has appointed KGI Capital Asia Limited as its sponsor in Hong Kong in preparation for the listing.
The GEM board on the SEHK was launched in Nov 1999 and operates on the premise of "buyer beware", allowing emerging companies to list but does not require companies "to have achieved a record of profitability as a condition of listing", according to its website.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=5WG.SI
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top