YZJ

Nice closing today at $1.08.

Another breaking out moment!

The only concern was the volume is not high.

 Looks like it may move up to fill up the Gap at $1.11. Crossing over with ease + high volume that may drive the price higher to $1.15 then $1.19..

 Not a call to buy or sell.

 Please do your own due diligence.

 Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, operates in the shipbuilding activities. The company operates through Shipbuilding, Investments, Trading, and Others segments. It produces a range of commercial vessels, such as containerships, dry bulk carriers, oil tankers, and liquefied natural gas (LNG) carriers. The company also engages in the production and processing of steel structures. In addition, it facilitates the sale and export of ships for the ship builder; trades in ship related equipment and shipbuilding related materials/supplies; provides microcredit to enterprises and individuals; invests in held-to-maturity financial assets; and supplies marine equipment and materials. Further, the company is involved in the ship demolition and vessel owning activities. It primarily serves ship owners in the United States, Canada, the United Kingdom, Germany, France, Greece, Norway, Argentina, Turkey, Bulgaria, Poland, Australia, Japan, South Korea, Singapore, India, Thailand, Bangladesh, Mainland China, Hong Kong, Taiwan, etc. The company was founded in 1956 and is headquartered in Jingjiang, China.

DBS

Looks like it may breakdown $25.00 barrier and head lower to retest $24.50 then $24.00.

 For those that are waiting to accumulate this Bank counter I think this round it may likely happen .

 U.S. stocks fell on Wednesday as lingering concerns over Turkey's financial crisis weighed on investor sentiment. Declines in tech shares and banks also pressured the broader indexes.

The Dow Jones Industrial Average dropped 206 points, while the S&P 500 declined 0.8 percent. The Nasdaq Composite pulled back 0.9 percent. Bank shares fell broadly as Bank of America and Citigroup both dropped more than 1 percent. J.P. Morgan Chase also fell 0.8 percent. The tech sector also dropped more than 0.6 percent.(cnbc.com)

DBS Group Holdings Ltd, an investment holding company, provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers. The Institutional Banking segment provides financial services and products for bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium sized businesses. Its products and services comprise short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; and corporate finance and advisory banking, as well as capital markets solutions. The Treasury Markets segment is involved in structuring, market-making, and trading in a range of treasury products. The Others segment offers stock broking and Islamic banking services. The company operates approximately 280 branches across 17 markets. DBS Group Holdings Ltd was founded in 1968 and is headquartered in Singapore.

Fu Yu

2nd quarter result is out .
Looks quite a good set of financial numbers.

Dividend increase from 0.25 to 0.3 cents.

NAV of 21 cents.

Looks like price may rise back to 19 then 20 cents.

Zero debts.
Net cash per share is about 9.8 cents .

 Revenue   For  the  three  months  ended  30  June  2018  (“2Q18”),  the  Group  registered  revenue  of  S$50.8 million,  up  7.4%  from  S$47.3  million  in  2Q17.  This  was  led  by  higher  sales  from  the  Group’s operations  in  Singapore  and  Malaysia.

 On  a  quarter-on-quarter  basis,  Group  revenue  was also  approximately  9.6%  higher  than  S$46.4  million  recorded  in  1Q18.   For  the  six  months  ended  30  June  2018  (“1H18”),  Group  revenue  improved  5.6%  to  S$97.2 million  from  S$92.0  million  in  1H17.  The  increase  in  revenue  was  attributed  mainly  to  the Singapore  and  Malaysia  segments  which  registered  higher  sales  in  1H18. Sales  generated  from  the  Singapore  operations  in  1H18  gained  15.6%  to  S$22.8  million  from S$19.7  million  in  1H17,  driven  mainly  by  higher  sales  of  products  in  the  printing  &  imaging and  automotive  segments.

 The  Malaysia  segment  also  recorded  sales  growth  of  21.0%  to S$18.5  million  in  1H18  from  S$15.3  million  in  1H17  on  the  back  of  higher  orders  for  products in  the  consumer  and  medical  segments.  On  the  other  hand,  sales  from  the  China  operations in  1H18  dipped  marginally  by  2.0%  to  S$55.9  million  from  S$57.0  million  in  1H17  due  mainly to  weaker  sales  of  networking  &  communications  products.   As  a  result,  the  revenue  contributions  from  Singapore  and  Malaysia  operations  in  1H18 expanded  to  23.4%  and  19.1%  compared  to  21.4%  and  16.7%  respectively  in  1H17.  China segment  accounted  for  a  lower  57.5%  of  Group  revenue  in  1H18  as  compared  to  61.9%  in 1H17.

  Gross  Profit Gross  profit  in  2Q18  climbed  17.1%  to  S$8.6  million  from  S$7.3  million  in  2Q17. Correspondingly,  gross  profit  margin  widened  to  16.9%  from  15.5%  in  2Q17.  For  1H18,  the Group’s  gross  profit  margin  also  improved  slightly  to  16.5%  from  16.1%  in  1H17 notwithstanding  selling  price  pressure  in  the  industry.  The  increase  in  gross  profit  margin  was attributed  to  the  Group’s  continual  efforts  to  improve  its  production  processes  through  lean operations  and  greater  automation  to  achieve  better  cost  and  operational  efficiencies. 

 Other  Income Other  income  in  2Q18  and  1H18  of  S$1.8  million  and  S$3.6  million  respectively  were  stable when  compared  to  2Q17  and  1H17. 

 Profit  Before  Income  Tax 

 Group  profit  before  income  tax  increased  significantly  to  S$5.2  million  in  2Q18  from  S$1.5 million  in  2Q17  on  the  back  of  higher  revenue  and  gross  profit,  as  well  as  other  operating income.  As  a  result  of  the  stronger  performance  in  2Q18,  the  Group’s  profit  before  income  tax in  1H18  more  than  doubled  to  S$6.2  million  from  S$2.8  million  in  1H17.   The  Group’s  profit  before  tax  excluding  foreign  exchange  impact  and  share  of  results  of  joint venture  (“operating  profit”)  increased  to  S$3.1  million  in  2Q18  from  S$2.5  million  in  2Q17. Operating  profit  of  S$5.6  million  in  1H18  was  also  higher  than  S$5.3  million  in  1H17. 

s  within  the  Group. Net  Profit  Attributable  to  Owners  of  the  Company The  Group  recorded  a  substantial  increase  in  net  profit  attributable  to  owners  of  the  Company to  S$4.0  million  in  2Q18  million  from  S$0.7  million  in  2Q17.  Net  profit  attributable  to  owners  of the  Company  for  1H18  also  climbed  by  262.7%  to  S$4.6  million  from  S$1.3  million  previously.

AEM

Looks like we can see a sigh of relief as most of the Tech counters has been overly sold down and is fighting to stabilise at the current price range.

AEM will need to overcome the immediate resistance at 72.5 cents . Breaking our of 72.5 with ease _ high volume, that may likely drive the price higher towards 76.5 cents .

The next hurdle will have to overcome the 80 cents barriers in order to rise to re-challenge 85 cents level.

Not a call to buy or sell.

Please do your own due diligence.

AEM Holdings Ltd, an investment holding company, provides solutions in equipment systems; and precision components and related manufacturing services for various industries. It operates through Equipment Systems Solutions and Precision Component Solutions segments. The company provides high density modular test handlers, wafer handling systems, hot spot testers, and smartcard backend handlers for use in semiconductor, solar cell, and smartcard manufacturing facilities, as well as related tooling parts; and designs, develops, and manufactures precision engineering products, such as test sockets, device change kits, stiffeners, golden units, holding jigs, preventive maintenance kits, and precision mechanical assembly modules for use in the electronic, life science, instrumentation, and aerospace industries, as well as offers engineering services. It also engages in the research, development, and production of communications and industrial test solutions. The company offers its products through a network of sales offices, associates, and distributors in Asia, Europe, and the United States. AEM Holdings Ltd is headquartered in Singapore.

Ezion

The current price of 7.6 cents is trading at a steep discount as compare to the new issued share price of about 21 cents.

The company had just swing back to profit for 2nd quarter , looks like price may likely move up to retest 8 cents then 8.4 cents.

Breaking out of 8.4 cents with ease + good volume that may propel to drive the price Higher towards 9 then 9.6 cents

Not a call to buy or sell.

Please do your own due diligence.

the  proposed  allotment  and  issue  by  the  Company  of  96,153,000  new  ordinary shares  in  the  capital  of  the  Company  (the  “Shares”)  (the  “Subscription Shares”)  to  the  Subscriber  at  an  issue  price  of  S$0.208  per  Subscription  Share (the  “Proposed  Subscription”);  and 

STATEMENT  REVIEW 2Q18  vs  2Q17 The Group's revenue for the three months ended 30 June 2018 ("2Q18") decreased by US$44.3 million (65.7%) to US$23.1 million as compared to the corresponding three months ended 30 June 2017 ("2Q17"). The decrease in revenue  was  mainly  due  to: (i) (ii) (iii) (iv) continued delays in re-deployment of the Group's liftboats due to working capital constraints pending finalisation  of  the  refinancing  exercise  on  bank  borrowings; drop in utilisation rate of jack-up rigs and not recognising revenue when the Group has assessed that certain customers  are  not  able  to  meet  existing  charter  obligations; lower  utilisation  rates  of  the  Group's  tugs  and  barges;  and overall  reduction  in  charter  rates  across  the  Group’s  fleet  of  vessels. The cost of sales and servicing for 2Q18 decreased by US$26.7 million (43.9%) to US$34.0 million as compared to  2Q17,  largely  due  to  lower  depreciation  expenses  on  vessels. As a result of the above, the Group recorded a gross loss of US$10.9 million in 2Q18 from a gross profit of US$6.7 million  in  2Q17. The increase in other income in 2Q18 as compared to 2Q17 was mainly due to the strengthening of the United States Dollar against the Singapore Dollar as at 30 June 2018 and this resulted in foreign exchange gain on the Group's  Notes  Payable. The decrease in other operating expenses in 2Q18 as compared to 2Q17 was due to exchange loss incurred in 2Q17. The finance gain in 2Q18 as compared to finance costs in 2Q17 was mainly due to the fair value adjustments arising  from  the  refinancing  exercise  recorded  in  2Q18.

The lower share of associates and jointly controlled entities' losses in 2Q18 as compared to 2Q17 was mainly due to  lower  operating  losses  from  the  Group's  joint  ventures  and  associates. The  Group  generated  profit  before  income  tax  of  US$87.6  million  in  2Q18  as  a  result  of  all  the  above. Charter income derived from Singapore flagged vessels are exempted from tax under Section 13A of the Income Tax Act of Singapore. Current period income tax expense of US$0.7 million relates to the corporate tax expense and  withholding  tax  expense  incurred  by  vessels  operating  in  certain  overseas  waters.

Hi-P

2nd quarter Net profit is down 18.7% to 12.27m.
Half year Total Net profit is down 4.9% to $22.23m.

EPS for 2Q is down 18.7% to 1.57 cents . Half year EPS is lowered at 2.76 cents .

Let's presume Full year EPS of 2.76 x 2.5 = 6.9 cents .

Current price is 99 cents , therefore, PE is about 14.35x.

To me , it seems a bit ecpenexpe at 99 cents. Perhaps 70 cents at PE 10x which is about the fair value .

Not a call to buy or sell.

Please do you own Due diligence.

TA wise, it has broken down the recent low of $1.00 level which is deemed as rather bearish!

The current price of 99 cents would it continues to go lower or bounce-off to trade above the resistance level at $1.00.

Would leave it to Mr.Market to tell us the direction going forward.