Milo-Dino
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you cut too quickly liao....
it was trying to test the resistance turned support at 33.5 i think
Milo's TA discussion and sharing thread
- Thread starter Milo-Dino
- Start date
it was trying to test the resistance turned support at 33.5 i think
Sinkie
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Recently one of their placement exercise was cancelled but still show strength holding above the gap. It's quite fishy if you ask me. Is either way but I favor the fill gap
Sinkie
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Iirc got profit guidance right?
Sinkie
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the breakout last week filled a small gap as highlighted by the blue rectangle
now profit-taking ba, i cant really see what the next move, must wait for it to accumulate again
hwa-hong nav is 29c, now trading above it, i dont see it as undervalued
dvsv say expected to report a loss
DBSV - Hwa Hong Corp is expected to report a loss for 4Q11,
mainly due to (i) lower rental revenue, (ii) lower profit from
trading of investment securities (iii) lower gain from
disposal of RiverGate apartments and (iv) higher allowance
for impairment losses on investment securities.
The Directors of Hwa Hong Corporation Limited (the “Company”) wish to issue a profit warning
regarding the financial results of the Company and its subsidiaries (the “Group”) for the fourth quarter
ended 31 December 2011 and for the financial year ended 31 December 2011.
The Group is expected to report a loss for the fourth quarter ended 31 December 2011 compared with
a profit for the corresponding period in 2010 mainly due to (i) lower rental revenue due to
refurbishment works on a residential property in the UK and our warehouse in Paya Lebar (ii) lower
profit from trading of investment securities (iii) lower gain from disposal of RiverGate apartments due
to a more cautious market following the introduction of additional buyers’ stamp duty by the Singapore
Government and (iv) higher allowance for impairment losses on investment securities.
For the above-mentioned reasons, the Group is expected to report a significant decline in profit for the
full year ended 31 December 2011 as compared with the corresponding period in 2010 but the Group
will remain profitable for the full year ended 31 December 2011.
This profit warning is based on a preliminary review of the unaudited financial results of the Group.
Further details of the Group’s performance will be disclosed when it releases its unaudited financial
results for the full year ended 31 December 2011 in early February 2012.
In the meantime, the Directors of the Company wish to advise shareholders and investors to exercise
caution when dealing in the shares of the Company.
BY ORDER OF THE BOARD
Ong Bee Leem
Company Secretary
26 January 2012
mainly due to (i) lower rental revenue, (ii) lower profit from
trading of investment securities (iii) lower gain from
disposal of RiverGate apartments and (iv) higher allowance
for impairment losses on investment securities.
The Directors of Hwa Hong Corporation Limited (the “Company”) wish to issue a profit warning
regarding the financial results of the Company and its subsidiaries (the “Group”) for the fourth quarter
ended 31 December 2011 and for the financial year ended 31 December 2011.
The Group is expected to report a loss for the fourth quarter ended 31 December 2011 compared with
a profit for the corresponding period in 2010 mainly due to (i) lower rental revenue due to
refurbishment works on a residential property in the UK and our warehouse in Paya Lebar (ii) lower
profit from trading of investment securities (iii) lower gain from disposal of RiverGate apartments due
to a more cautious market following the introduction of additional buyers’ stamp duty by the Singapore
Government and (iv) higher allowance for impairment losses on investment securities.
For the above-mentioned reasons, the Group is expected to report a significant decline in profit for the
full year ended 31 December 2011 as compared with the corresponding period in 2010 but the Group
will remain profitable for the full year ended 31 December 2011.
This profit warning is based on a preliminary review of the unaudited financial results of the Group.
Further details of the Group’s performance will be disclosed when it releases its unaudited financial
results for the full year ended 31 December 2011 in early February 2012.
In the meantime, the Directors of the Company wish to advise shareholders and investors to exercise
caution when dealing in the shares of the Company.
BY ORDER OF THE BOARD
Ong Bee Leem
Company Secretary
26 January 2012
they sold off their insurance unit already. not sure what they are holding can make them valued also, maybe they will do a kingwan distributing back to shareholders? lets see ba..
Hwa Hong to sell insurance unit for $95m
MOU signed for sale of Tenet Insurance; CIMB Bank named financial adviser
By CONRAD TAN
HWA Hong Corporation has signed a non-binding agreement to sell its general insurance unit Tenet Insurance Company for $95 million in cash.
Proposed sale is subject to further due diligence investigations on Tenet and negotiations, and signing of a definitive sale- and-purchase agreement.
Hwa Hong said yesterday that it has entered into a memorandum of understanding with an unnamed buyer to sell its entire stake in Tenet, but added that the agreement is non-binding and that there is no guarantee the deal will be completed.
Based on Tenet's audited net asset value of $52 million at end-2008, Hwa Hong said that it expects to gain $43 million on the sale if it takes place at the stated price. It has not yet decided what to do with the proceeds from the sale if it is completed.
Hwa Hong's other businesses include property rental, investment and development; chemical trading; and packing and trading of edible oils. According to its website, the group has subsidiaries in Singapore, Malaysia, Hong Kong, mainland China, the United Kingdom and the British Virgin Islands.
The insurance business contributed some $41 million, or just over half, of the group's $80.2 million revenue last year, according to Hwa Hong's 2008 annual report.
Tenet, which offers general insurance such as property, personal accident, medical, travel and motor insurance for individuals and businesses, has changed names more than once. According to its website, it was founded in 1957 as The People's Insurance Company (PIC), and was bought by Hwa Hong in the 1980s.
In 1997, US-listed Hartford Financial Services Group bought a 49 per cent stake in PIC for US$20 million, and the firm was renamed The Hartford Insurance Company (S). But in 2002, Hwa Hong re-acquired Hartford Financial's stake in the insurer and gave it its current name, Tenet Insurance Company.
Yesterday, Hwa Hong said that the proposed sale is subject to further satisfactory due diligence investigations on Tenet and negotiations, as well as the signing of a definitive sale-and-purchase agreement.
Hwa Hong added that besides the substantial gain it stands to earn on the sale, it believes the proposed divestment 'may be beneficial to the future development and prospects of Tenet'.
If a definitive agreement is reached, Hwa Hong will convene a meeting of its shareholders for them to vote on the sale, it added.
'The board would like to caution that there is no assurance that any transaction will materialise from the non-binding MOU or that the S&P agreement will be entered into,' it said. 'Shareholders and investors are therefore advised to exercise caution in their dealings in the shares.'
The proposed divestment will comprise the sale of Tenet's entire issued share capital - comprising 44.65 million ordinary shares held by Hwa Hong Corp and its wholly owned subsidiary Hwa Hong Capital - as well as 10,000 redeemable, non-cumulative, preference shares issued by Tenet.
The sale price of $95 million is subject to adjustment based on Tenet's net tangible assets at the date of completion of the divestment, Hwa Hong said.
CIMB Bank has been appointed Hwa Hong's financial adviser on the proposed sale.
Trading in Hwa Hong shares, which was halted from 9.45am yesterday pending the announcement, resumes on Monday. The shares last changed hands at 44 cents each.
MOU signed for sale of Tenet Insurance; CIMB Bank named financial adviser
By CONRAD TAN
HWA Hong Corporation has signed a non-binding agreement to sell its general insurance unit Tenet Insurance Company for $95 million in cash.
Proposed sale is subject to further due diligence investigations on Tenet and negotiations, and signing of a definitive sale- and-purchase agreement.
Hwa Hong said yesterday that it has entered into a memorandum of understanding with an unnamed buyer to sell its entire stake in Tenet, but added that the agreement is non-binding and that there is no guarantee the deal will be completed.
Based on Tenet's audited net asset value of $52 million at end-2008, Hwa Hong said that it expects to gain $43 million on the sale if it takes place at the stated price. It has not yet decided what to do with the proceeds from the sale if it is completed.
Hwa Hong's other businesses include property rental, investment and development; chemical trading; and packing and trading of edible oils. According to its website, the group has subsidiaries in Singapore, Malaysia, Hong Kong, mainland China, the United Kingdom and the British Virgin Islands.
The insurance business contributed some $41 million, or just over half, of the group's $80.2 million revenue last year, according to Hwa Hong's 2008 annual report.
Tenet, which offers general insurance such as property, personal accident, medical, travel and motor insurance for individuals and businesses, has changed names more than once. According to its website, it was founded in 1957 as The People's Insurance Company (PIC), and was bought by Hwa Hong in the 1980s.
In 1997, US-listed Hartford Financial Services Group bought a 49 per cent stake in PIC for US$20 million, and the firm was renamed The Hartford Insurance Company (S). But in 2002, Hwa Hong re-acquired Hartford Financial's stake in the insurer and gave it its current name, Tenet Insurance Company.
Yesterday, Hwa Hong said that the proposed sale is subject to further satisfactory due diligence investigations on Tenet and negotiations, as well as the signing of a definitive sale-and-purchase agreement.
Hwa Hong added that besides the substantial gain it stands to earn on the sale, it believes the proposed divestment 'may be beneficial to the future development and prospects of Tenet'.
If a definitive agreement is reached, Hwa Hong will convene a meeting of its shareholders for them to vote on the sale, it added.
'The board would like to caution that there is no assurance that any transaction will materialise from the non-binding MOU or that the S&P agreement will be entered into,' it said. 'Shareholders and investors are therefore advised to exercise caution in their dealings in the shares.'
The proposed divestment will comprise the sale of Tenet's entire issued share capital - comprising 44.65 million ordinary shares held by Hwa Hong Corp and its wholly owned subsidiary Hwa Hong Capital - as well as 10,000 redeemable, non-cumulative, preference shares issued by Tenet.
The sale price of $95 million is subject to adjustment based on Tenet's net tangible assets at the date of completion of the divestment, Hwa Hong said.
CIMB Bank has been appointed Hwa Hong's financial adviser on the proposed sale.
Trading in Hwa Hong shares, which was halted from 9.45am yesterday pending the announcement, resumes on Monday. The shares last changed hands at 44 cents each.
ABOUT US
HWA HONG CORPORATION LIMITED, originally formed as a partnership, was incorporated on 29 December 1952 as a private limited company under the name of Hwa Hong Manufacturing Company Pte. Limited. On 21 November 1969, it converted to a public company known as Hwa Hong Manufacturing Company Limited and was admitted to the Official List of the Singapore Exchange Limited on 26 July 1979. The name “Hwa Hong Corporation Limited” was adopted with effect from 15 January 1985.
The principal activity of HWA HONG CORPORATION LIMITED is that of an investment holding company. The subsidiary companies are primarily engaged in property rental, investment and development, investment holding and trading of consumer products.
SINGAPORE: Hwa Hong Corporation said its first quarter net profit rose 3.5 per cent to S$3.3 million for the period ended March 31.
This compares to its net profit of S$3.2 million in the same quarter a year ago.
Group revenue for the quarter rose to $14.6 million, a hefty 137 per cent jump from S$6.1 million in the previous year.
The company said the higher revenue is mainly from sales of its investment securities.
At the same time, the group also said its investment properties in Singapore and the United Kingdom has continued to enjoy good occupancy.
Going forward, the company said the performance of its investment and property portfolio will be dependent on the outlook of the stock and property markets.
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Thanks for the detailed analysis
Came across a blog saying that it will hit .46 in short term and $1(wt*) by 2013. So out of curiosity, I then ask ur opinion of it
However I will give it a miss
Thanks!
Came across a blog saying that it will hit .46 in short term and $1(wt*) by 2013. So out of curiosity, I then ask ur opinion of it
However I will give it a miss
Thanks!
the breakout last week filled a small gap as highlighted by the blue rectangle
now profit-taking ba, i cant really see what the next move, must wait for it to accumulate again
hwa-hong nav is 29c, now trading above it, i dont see it as undervalued
dvsv say expected to report a loss
DBSV - Hwa Hong Corp is expected to report a loss for 4Q11,
mainly due to (i) lower rental revenue, (ii) lower profit from
trading of investment securities (iii) lower gain from
disposal of RiverGate apartments and (iv) higher allowance
for impairment losses on investment securities.
The Directors of Hwa Hong Corporation Limited (the “Company”) wish to issue a profit warning
regarding the financial results of the Company and its subsidiaries (the “Group”) for the fourth quarter
ended 31 December 2011 and for the financial year ended 31 December 2011.
The Group is expected to report a loss for the fourth quarter ended 31 December 2011 compared with
a profit for the corresponding period in 2010 mainly due to (i) lower rental revenue due to
refurbishment works on a residential property in the UK and our warehouse in Paya Lebar (ii) lower
profit from trading of investment securities (iii) lower gain from disposal of RiverGate apartments due
to a more cautious market following the introduction of additional buyers’ stamp duty by the Singapore
Government and (iv) higher allowance for impairment losses on investment securities.
For the above-mentioned reasons, the Group is expected to report a significant decline in profit for the
full year ended 31 December 2011 as compared with the corresponding period in 2010 but the Group
will remain profitable for the full year ended 31 December 2011.
This profit warning is based on a preliminary review of the unaudited financial results of the Group.
Further details of the Group’s performance will be disclosed when it releases its unaudited financial
results for the full year ended 31 December 2011 in early February 2012.
In the meantime, the Directors of the Company wish to advise shareholders and investors to exercise
caution when dealing in the shares of the Company.
BY ORDER OF THE BOARD
Ong Bee Leem
Company Secretary
26 January 2012
they sold off their insurance unit already. not sure what they are holding can make them valued also, maybe they will do a kingwan distributing back to shareholders? lets see ba..
Hwa Hong to sell insurance unit for $95m
MOU signed for sale of Tenet Insurance; CIMB Bank named financial adviser
By CONRAD TAN
HWA Hong Corporation has signed a non-binding agreement to sell its general insurance unit Tenet Insurance Company for $95 million in cash.
Proposed sale is subject to further due diligence investigations on Tenet and negotiations, and signing of a definitive sale- and-purchase agreement.
Hwa Hong said yesterday that it has entered into a memorandum of understanding with an unnamed buyer to sell its entire stake in Tenet, but added that the agreement is non-binding and that there is no guarantee the deal will be completed.
Based on Tenet's audited net asset value of $52 million at end-2008, Hwa Hong said that it expects to gain $43 million on the sale if it takes place at the stated price. It has not yet decided what to do with the proceeds from the sale if it is completed.
Hwa Hong's other businesses include property rental, investment and development; chemical trading; and packing and trading of edible oils. According to its website, the group has subsidiaries in Singapore, Malaysia, Hong Kong, mainland China, the United Kingdom and the British Virgin Islands.
The insurance business contributed some $41 million, or just over half, of the group's $80.2 million revenue last year, according to Hwa Hong's 2008 annual report.
Tenet, which offers general insurance such as property, personal accident, medical, travel and motor insurance for individuals and businesses, has changed names more than once. According to its website, it was founded in 1957 as The People's Insurance Company (PIC), and was bought by Hwa Hong in the 1980s.
In 1997, US-listed Hartford Financial Services Group bought a 49 per cent stake in PIC for US$20 million, and the firm was renamed The Hartford Insurance Company (S). But in 2002, Hwa Hong re-acquired Hartford Financial's stake in the insurer and gave it its current name, Tenet Insurance Company.
Yesterday, Hwa Hong said that the proposed sale is subject to further satisfactory due diligence investigations on Tenet and negotiations, as well as the signing of a definitive sale-and-purchase agreement.
Hwa Hong added that besides the substantial gain it stands to earn on the sale, it believes the proposed divestment 'may be beneficial to the future development and prospects of Tenet'.
If a definitive agreement is reached, Hwa Hong will convene a meeting of its shareholders for them to vote on the sale, it added.
'The board would like to caution that there is no assurance that any transaction will materialise from the non-binding MOU or that the S&P agreement will be entered into,' it said. 'Shareholders and investors are therefore advised to exercise caution in their dealings in the shares.'
The proposed divestment will comprise the sale of Tenet's entire issued share capital - comprising 44.65 million ordinary shares held by Hwa Hong Corp and its wholly owned subsidiary Hwa Hong Capital - as well as 10,000 redeemable, non-cumulative, preference shares issued by Tenet.
The sale price of $95 million is subject to adjustment based on Tenet's net tangible assets at the date of completion of the divestment, Hwa Hong said.
CIMB Bank has been appointed Hwa Hong's financial adviser on the proposed sale.
Trading in Hwa Hong shares, which was halted from 9.45am yesterday pending the announcement, resumes on Monday. The shares last changed hands at 44 cents each.
ABOUT US
HWA HONG CORPORATION LIMITED, originally formed as a partnership, was incorporated on 29 December 1952 as a private limited company under the name of Hwa Hong Manufacturing Company Pte. Limited. On 21 November 1969, it converted to a public company known as Hwa Hong Manufacturing Company Limited and was admitted to the Official List of the Singapore Exchange Limited on 26 July 1979. The name “Hwa Hong Corporation Limited” was adopted with effect from 15 January 1985.
The principal activity of HWA HONG CORPORATION LIMITED is that of an investment holding company. The subsidiary companies are primarily engaged in property rental, investment and development, investment holding and trading of consumer products.
SINGAPORE: Hwa Hong Corporation said its first quarter net profit rose 3.5 per cent to S$3.3 million for the period ended March 31.
This compares to its net profit of S$3.2 million in the same quarter a year ago.
Group revenue for the quarter rose to $14.6 million, a hefty 137 per cent jump from S$6.1 million in the previous year.
The company said the higher revenue is mainly from sales of its investment securities.
At the same time, the group also said its investment properties in Singapore and the United Kingdom has continued to enjoy good occupancy.
Going forward, the company said the performance of its investment and property portfolio will be dependent on the outlook of the stock and property markets.
so sad it dropped back to 1.83 i didnt monitor the market today cos was busy at work...seems to be an exhaustion gap
Sinkie
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so sad it dropped back to 1.83 i didnt monitor the market today cos was busy at work...seems to be an exhaustion gap
the chart was pending breakout prior to the earning catalyst, probably attracted a few punters like a few of us, probably need to clear these group of punters first.. but well if entry already made, finger crossed, see can run road 185 or 186 or not?
Well I felt 185/186 is a good px to exit for contra but nvm lets wait for it to fill the gap and see how ba..
remy3413
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On what basis? The blogger probably wants people to get in and he cashes out.
You have to know that in the market is every man for himself
geo energy...
What are your take for geo energy? I entered on a high side 0.64...
its dipping and not doing well for me... thinking of cutting loss manz...
or should I wait for the earnings report to be out? not sure when will be out
What are your take for geo energy? I entered on a high side 0.64...
its dipping and not doing well for me... thinking of cutting loss manz...
or should I wait for the earnings report to be out? not sure when will be out
Sinkie
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Ehh they tio the curb by Uobkh, like tio xiong until jialat especially when it looks like the market especially the penny is tio xiong also.
Maybe can attach the chart I take a look on first glance especially today candlestick?
Milo-Dino
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Geo Energy
Looks set to retest 55.5c... breaking that.. hopefully the 50ma can lend support at 51.5-52c.... if not, we are looking at 49c again?
Not vested
Looks set to retest 55.5c... breaking that.. hopefully the 50ma can lend support at 51.5-52c.... if not, we are looking at 49c again?
Not vested
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Milo-Dino
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Hwa Hong
$1? possible? can.... but don't know have to wait how long for it to come true...
MONTHLY chart shows a double bottom bullish divergence.... but it hasn't even crossed the 20Mma line... also nowhere near the double bottom neckline...
$1 possible? yes...
by 2013? maybe 2018 more likely (if haven't gone bust)...
$1? possible? can.... but don't know have to wait how long for it to come true...
MONTHLY chart shows a double bottom bullish divergence.... but it hasn't even crossed the 20Mma line... also nowhere near the double bottom neckline...
$1 possible? yes...
by 2013? maybe 2018 more likely (if haven't gone bust)...
SoulDealer
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Milo, is stratschp going to chiong up anytime soon ? Can help with TA ? Cos i got a few lots stuck at quite high price. Wanna cut loss. Can advise ? Wanna see what you think. These few days see people like shorting this counter.
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Milo-Dino
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Contel (con & tell )
Bollinger squeeze... big move coming... will it be up or down?
Resting on 5c support... 20ma.
The big con and tell.... Share consolidation .. 10 to 1 in 2007.. from 2.5c to 25c..
Fell back to 2c region in about a year.... effectively loss about 90% of value... con job?
Pity those stuck high up there....
)
you got to see the support now..
i favor a gap fill means a breakdown.
Bollinger squeeze... big move coming... will it be up or down?
Resting on 5c support... 20ma.
The big con and tell.... Share consolidation .. 10 to 1 in 2007.. from 2.5c to 25c..
Fell back to 2c region in about a year.... effectively loss about 90% of value... con job?
Pity those stuck high up there....
hanoraptor
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Ezra
Hi guys can share all ur views for Ezra Holding? as lots of ppl saying that it's going up but i can't see anything from it...
Thanks
Hi guys can share all ur views for Ezra Holding? as lots of ppl saying that it's going up but i can't see anything from it...
Thanks
Milo-Dino
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Statschippac
Support at 45-45.5c... Friday's and today's candles look like crap...
Tomorrow look to test the support liao... if break and close below 45c.. heading towards 41c and eventually 37.5c
Support at 45-45.5c... Friday's and today's candles look like crap...
Tomorrow look to test the support liao... if break and close below 45c.. heading towards 41c and eventually 37.5c
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