MrSinkie95
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Here bolang vest ah?
Miyoshi Official thread
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MrSinkie95
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Got ah.. brought last week at 0.074.. waiting for the 2q results before selling
Kinetic88
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chiu are the new "God of Stock". 
every stocks chiu buy are all at very low price, i.e. Chasen (0.97), Miyoshi (0.074) and now they are trading at 0.134 and 0.098 respectively.
peifu, peifu.
sad that unker no such luck.
every stocks chiu buy are all at very low price, i.e. Chasen (0.97), Miyoshi (0.074) and now they are trading at 0.134 and 0.098 respectively.
peifu, peifu.
sad that unker no such luck.
buaytuckchek
Member
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A request for Trading Halt was put up by Miyoshi on 09-May-2018 07:48:04.
Source: http://sgx.i3investor.com/servlets/anpth/324186.jsp
On the same day,
“The Board of Directors (the “Board”) of Miyoshi Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that Core Power (Fujian) New Energy Automobile Co., Ltd (“Core Power”), a company in which the Group holds 15% of the issued equity has secured two new sales contracts (“Sale Contracts”) with Jiangxi Changhe Automotive Co., Ltd (江西昌河汽车有限责任公司) (“Jiangxi Changhe”), a subsidiary of Beijing Automotive Group Co., Ltd (北汽集团) for the supply of all-electric cars.”
Source:
- http://sgx.i3investor.com/servlets/anpth/324187.jsp
– https://www.straitstimes.com/busine...te-core-power-bags-two-electric-car-contracts
Looking at the top 20 largest shareholders, there are many big name and investment firms. I don't think they will let Miyoshi fall right?
Source: http://www.miyoshi.biz/shareholdings.html
I’m not too sure how to interpret the relationship between the TH and the new contract, and what it would mean. But based my assessment would be it is unlikely that Miyoshi would delist since there are tight controls in SGX?
Source: http://sgx.i3investor.com/servlets/anpth/324186.jsp
On the same day,
“The Board of Directors (the “Board”) of Miyoshi Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that Core Power (Fujian) New Energy Automobile Co., Ltd (“Core Power”), a company in which the Group holds 15% of the issued equity has secured two new sales contracts (“Sale Contracts”) with Jiangxi Changhe Automotive Co., Ltd (江西昌河汽车有限责任公司) (“Jiangxi Changhe”), a subsidiary of Beijing Automotive Group Co., Ltd (北汽集团) for the supply of all-electric cars.”
Source:
- http://sgx.i3investor.com/servlets/anpth/324187.jsp
– https://www.straitstimes.com/busine...te-core-power-bags-two-electric-car-contracts
Looking at the top 20 largest shareholders, there are many big name and investment firms. I don't think they will let Miyoshi fall right?
Source: http://www.miyoshi.biz/shareholdings.html
I’m not too sure how to interpret the relationship between the TH and the new contract, and what it would mean. But based my assessment would be it is unlikely that Miyoshi would delist since there are tight controls in SGX?
Shion
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Miyoshi Limited enters into international distributorship agreement with Core Power
http://infopub.sgx.com/FileOpen/201...butorship.ashx?App=Announcement&FileID=507089
http://infopub.sgx.com/FileOpen/201...butorship.ashx?App=Announcement&FileID=507089
Shion
Senior Mentor
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- Oct 24, 2008
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- 359,690
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- 110,931
MIYOSHI: Raises $7m, mainly to up stake in China's electric-car boom
MIYOSHI: Raises $7m, mainly to up stake in China's electric-car boom
https://www.nextinsight.net/story-a...s-7m-to-up-stake-in-china-s-electric-car-boom
Miyoshi Limited has just raised S$6.82 million in net proceeds, mainly to further invest in its nascent electric car business.
It issued 115 million new shares at 6.13 cent apiece this month, intending to use the proceeds mainly to increase its stake - currently 15% -- in a Chinese manufacturer, Core Power (Fujian) New Energy Automobile Co., Ltd.
Under a MOU, Miyoshi -- which is probably the only SGX-listco to have direct exposure to China's booming electric car sales -- has the option to increase its stake in Core Power to 49%.
Miyoshi's capital raising comes on the back of Core Power having secured two orders from Jiangxi Changhe Automotive Co., Ltd (江西昌河汽车有限责任公司) for 50,000 all-electric cars over 2019-2021.
Since listing in 2000 on the mainboard of the Singapore Exchange, Miyoshi's core business has been the design and manufacture of mould and precision pressed parts for data storage products. Miyoshi’s business includes metal stamping, fabrication of parts and components of machine tools, electroplating and surface treatment.
Electric vehicles are expected to be a new engine of growth for Miyoshi.
Given its long experience in international markets, Miyoshi will leverage on its network to help distribute Core Power's electric vehicles.
Miyoshi has, this month also, entered into an international distributorship agreement with Core Power to serve its customers in various countries around the world, with the exception of the People’s Republic of China.
Core Power will handle business in the Chinese market. Under the terms of the agreement, Miyoshi will help to promote Core Power’s all-electric vehicles outside China for 3 years with immediate effect.
Core Power's deal with Jiangxi Changhe is a quick development following Core Power's start of production, in 2o17, of its own electric cars.
In another fast move, Core Power has grown its distributorship to more than 600 across China.
Its new customer, Jiangxi Changhe, is a subsidiary of Beijing Automotive Group Co., Ltd (北汽集团) which already offers a range of electric car models in China.
The cars to be produced for Jiangxi will have a top speed of 100km/h and 250 km range on a full charge.
With Miyoshi's capital injection, Core Power is expected to further upgrade its facilities or introduce new facilities such as a cleanroom for spray painting.
Core Power's existing production capacity looks sufficient for now: It is about 100,000 cars a year while its new customer is requiring 50,000 over 3 years.
UOB Kay Hian, in an 18 May 2018 report, estimated Core Power’s cost per vehicle for Jiangxi Changhe at "anywhere between Rmb70,000-100,000", which is substantially lower than the pricing of other electric vehicles in China.
UOB Kay Hian said most electric vehicles in China retail at Rmb150,000-250,000 each.
MIYOSHI: Raises $7m, mainly to up stake in China's electric-car boom
https://www.nextinsight.net/story-a...s-7m-to-up-stake-in-china-s-electric-car-boom
Miyoshi Limited has just raised S$6.82 million in net proceeds, mainly to further invest in its nascent electric car business.
It issued 115 million new shares at 6.13 cent apiece this month, intending to use the proceeds mainly to increase its stake - currently 15% -- in a Chinese manufacturer, Core Power (Fujian) New Energy Automobile Co., Ltd.
Under a MOU, Miyoshi -- which is probably the only SGX-listco to have direct exposure to China's booming electric car sales -- has the option to increase its stake in Core Power to 49%.
Miyoshi's capital raising comes on the back of Core Power having secured two orders from Jiangxi Changhe Automotive Co., Ltd (江西昌河汽车有限责任公司) for 50,000 all-electric cars over 2019-2021.
Since listing in 2000 on the mainboard of the Singapore Exchange, Miyoshi's core business has been the design and manufacture of mould and precision pressed parts for data storage products. Miyoshi’s business includes metal stamping, fabrication of parts and components of machine tools, electroplating and surface treatment.
Electric vehicles are expected to be a new engine of growth for Miyoshi.
Given its long experience in international markets, Miyoshi will leverage on its network to help distribute Core Power's electric vehicles.
Miyoshi has, this month also, entered into an international distributorship agreement with Core Power to serve its customers in various countries around the world, with the exception of the People’s Republic of China.
Core Power will handle business in the Chinese market. Under the terms of the agreement, Miyoshi will help to promote Core Power’s all-electric vehicles outside China for 3 years with immediate effect.
Core Power's deal with Jiangxi Changhe is a quick development following Core Power's start of production, in 2o17, of its own electric cars.
In another fast move, Core Power has grown its distributorship to more than 600 across China.
Its new customer, Jiangxi Changhe, is a subsidiary of Beijing Automotive Group Co., Ltd (北汽集团) which already offers a range of electric car models in China.
The cars to be produced for Jiangxi will have a top speed of 100km/h and 250 km range on a full charge.
With Miyoshi's capital injection, Core Power is expected to further upgrade its facilities or introduce new facilities such as a cleanroom for spray painting.
Core Power's existing production capacity looks sufficient for now: It is about 100,000 cars a year while its new customer is requiring 50,000 over 3 years.
UOB Kay Hian, in an 18 May 2018 report, estimated Core Power’s cost per vehicle for Jiangxi Changhe at "anywhere between Rmb70,000-100,000", which is substantially lower than the pricing of other electric vehicles in China.
UOB Kay Hian said most electric vehicles in China retail at Rmb150,000-250,000 each.
Shion
Senior Mentor
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- Oct 24, 2008
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MIYOSHI: Poised for greater exposure to China's electric car boom
MIYOSHI: Poised for greater exposure to China's electric car boom
https://www.nextinsight.net/story-a...greater-exposure-to-china-s-electric-car-boom
Last June, we had the rare opportunity to visit a facility that produces electric cars.
It is owned by Core Power (Fujian) New Energy Automobile Co. in which SGX-listed Miyoshi Limited had bought a 15% stake for S$8.8 million in Aug 2016.
Located in Fujian province, the Core Power operation had not turned in a profit at that time but, it stands to reason, that when it does, or is about to do so, Miyoshi would increase its stake in the company.
Core Power is on the verge of a step-up in its business growth, going by an announcement by Miyoshi on 2 April.
Core Power has just inked an agreement with Jiangxi Changhe Automotive Co., Ltd (江西昌河汽 车有限责任公司), a subsidiary of Beijing Automotive Group Co., Ltd (北汽集团) to jointly develop a new all-electric vehicle.
Core Power and Jiangxi Changhe will develop a new 5-door, 4-seater all-electric passenger vehicle. This will add to the range of models that Beijing Automotive Group (acronym: BAIC) already offers.
Production schedule and volumes have not been announced yet.
BAIC may not be as familiar a name as BYD is to Singaporeans -- but BAIC ranks up there with BYD as an electric car producer.
BAIC is a state-owned enterprise which is among the top 5 automakers in the country.
♦ BAIC (17%) was a close runner-up to BYD (18%), which was the top electric car manufacturer for the fourth year in a row.
BAIC's all-electric EC-Series has done particularly well:
♦ The EC-Series city car was the top selling plug-in car in China in 2017 with 78,079 units sold, making it also the world's top selling plug-in car in 2017 (Source: Wikipedia).
With a brand-name partner like BAIC, Core Power -- and, by extension, Miyoshi -- are set to grow strongly with the market.
MIYOSHI: Poised for greater exposure to China's electric car boom
https://www.nextinsight.net/story-a...greater-exposure-to-china-s-electric-car-boom
Last June, we had the rare opportunity to visit a facility that produces electric cars.
It is owned by Core Power (Fujian) New Energy Automobile Co. in which SGX-listed Miyoshi Limited had bought a 15% stake for S$8.8 million in Aug 2016.
Located in Fujian province, the Core Power operation had not turned in a profit at that time but, it stands to reason, that when it does, or is about to do so, Miyoshi would increase its stake in the company.
Core Power is on the verge of a step-up in its business growth, going by an announcement by Miyoshi on 2 April.
Core Power has just inked an agreement with Jiangxi Changhe Automotive Co., Ltd (江西昌河汽 车有限责任公司), a subsidiary of Beijing Automotive Group Co., Ltd (北汽集团) to jointly develop a new all-electric vehicle.
Core Power and Jiangxi Changhe will develop a new 5-door, 4-seater all-electric passenger vehicle. This will add to the range of models that Beijing Automotive Group (acronym: BAIC) already offers.
Production schedule and volumes have not been announced yet.
BAIC may not be as familiar a name as BYD is to Singaporeans -- but BAIC ranks up there with BYD as an electric car producer.
BAIC is a state-owned enterprise which is among the top 5 automakers in the country.
♦ BAIC (17%) was a close runner-up to BYD (18%), which was the top electric car manufacturer for the fourth year in a row.
BAIC's all-electric EC-Series has done particularly well:
♦ The EC-Series city car was the top selling plug-in car in China in 2017 with 78,079 units sold, making it also the world's top selling plug-in car in 2017 (Source: Wikipedia).
With a brand-name partner like BAIC, Core Power -- and, by extension, Miyoshi -- are set to grow strongly with the market.
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 359,690
- Reaction score
- 110,931
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 359,690
- Reaction score
- 110,931
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 359,690
- Reaction score
- 110,931
MIYOSHI: First batch of 2,800 electric cars pre-ordered
MIYOSHI: First batch of 2,800 electric cars pre-ordered
Singapore-listed Miyoshi Limited is seeing the first sign of hot demand for the electric cars to be produced by its JV partner in China.
https://www.nextinsight.net/story-a...-first-batch-of-2-800-sales-for-electric-cars
The partner, Core Power, rolled out 10 prototypes, in different colours, at an exhibition in Jinan, Shandong, this week (20 Aug).
A total of 2,800 orders, with deposits plonked down, were made by distributors of cars of Beijing Automotive Group Co., Ltd (BAIC), the state-owned manufacturer which ranks up there with BYD in China's electric vehicle industry.
BAIC's subsidiary, Jiangxi Changhe, has contracted Core Power to produce 50,000 cars over the next three years.
Miyoshi currently has a 15% stake in Core Power, making it probably the only SGX-listco to have direct exposure to China's booming electric car sales.
And that stake is set to increase to 32% early next year
That would be a new growth engine for Miyoshi, whose long-time business includes metal stamping, fabrication of parts and components of machine tools, electroplating and surface treatment.
Core Power's cars produced for BAIC are expected to retail at RMB50,000-60,000 after generous government subsidies.
Production will start in mid-October 2018 after upgrades to its production facilities, including spray-painting and oven systems, fixtures for welding lines, robots and automation.
The total cost of the upgrades is estimated at S$7.5 million, said Miyoshi CFO Mark Khoo.
Between Oct and Dec this year, about 2,000 cars are expected to be produced, and are likely to take priority over Core Power's own self-branded electric cars (using lead acid batteries) which began production in 2017.
On what is probably a stronger business outlook, CEO Andrew Sin has been buying his company stock.
He now has an interest in a total of 161,830,500 shares (a 26.6% stake in Miyoshi), up from 153,686,900 shares at the start of this year.
Meanwhile, Miyoshi is faring well in another area: corporate governance and transparency.
In the Singapore Governance and Transparency Index 2018, it climbed again in the ranks -- to No.46 out of 589 listed companies.
MIYOSHI: First batch of 2,800 electric cars pre-ordered
Singapore-listed Miyoshi Limited is seeing the first sign of hot demand for the electric cars to be produced by its JV partner in China.
https://www.nextinsight.net/story-a...-first-batch-of-2-800-sales-for-electric-cars
The partner, Core Power, rolled out 10 prototypes, in different colours, at an exhibition in Jinan, Shandong, this week (20 Aug).
A total of 2,800 orders, with deposits plonked down, were made by distributors of cars of Beijing Automotive Group Co., Ltd (BAIC), the state-owned manufacturer which ranks up there with BYD in China's electric vehicle industry.
BAIC's subsidiary, Jiangxi Changhe, has contracted Core Power to produce 50,000 cars over the next three years.
Miyoshi currently has a 15% stake in Core Power, making it probably the only SGX-listco to have direct exposure to China's booming electric car sales.
And that stake is set to increase to 32% early next year
That would be a new growth engine for Miyoshi, whose long-time business includes metal stamping, fabrication of parts and components of machine tools, electroplating and surface treatment.
Core Power's cars produced for BAIC are expected to retail at RMB50,000-60,000 after generous government subsidies.
Production will start in mid-October 2018 after upgrades to its production facilities, including spray-painting and oven systems, fixtures for welding lines, robots and automation.
The total cost of the upgrades is estimated at S$7.5 million, said Miyoshi CFO Mark Khoo.
Between Oct and Dec this year, about 2,000 cars are expected to be produced, and are likely to take priority over Core Power's own self-branded electric cars (using lead acid batteries) which began production in 2017.
On what is probably a stronger business outlook, CEO Andrew Sin has been buying his company stock.
He now has an interest in a total of 161,830,500 shares (a 26.6% stake in Miyoshi), up from 153,686,900 shares at the start of this year.
Meanwhile, Miyoshi is faring well in another area: corporate governance and transparency.
In the Singapore Governance and Transparency Index 2018, it climbed again in the ranks -- to No.46 out of 589 listed companies.
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 359,690
- Reaction score
- 110,931
Shion
Senior Mentor
- Joined
- Oct 24, 2008
- Messages
- 359,690
- Reaction score
- 110,931
AR 2018
http://infopub.sgx.com/FileOpen/201...SGX Final.ashx?App=Announcement&FileID=536479
AGM on 28/12/18
http://infopub.sgx.com/FileOpen/201...SGX Final.ashx?App=Announcement&FileID=536479
AGM on 28/12/18
Shion
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Sadisticnoob
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Shion
Senior Mentor
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