精创工业有限公司 InnoValues Precision Ltd

大师

当我在跟网友们讨论它时，股价已经上升了30%。不过要开番还是可以的。
臥龍先生，在等你勒。。。

[ 本帖最后由 臥龍先生 于 10-4-2007 03:44 PM 编辑 ]

大师

2005 2004 2003 2002 2001 For the year ($'000) Revenue 105,884 77,957 69,005 64,348 27,624 Earnings Before Interests, Tax, Depreciation and Amortisation (EBITDA) 19,126 16,460 16,280 17,441 6,901 Profit before Tax and Minority Interests 10,501 9,622 10,553 13,415 4,505 Net Profit After Tax and Minority Interests 10,100 9,026 9,120 11,017 3,776 At end of the year ($'000) Cash and Cash equivalent 10,169 8,548 5,120 7,890 2,069 Current Asset 47,079 39,313 30,053 28,106 14,608 Total Asset 97,026 81,109 63,226 5,5214 29,538 Current Liability 36,192 32,414 24,007 21,937 12,028 Total Borrowing 30,708 22,073 15,707 16,111 7,328 Total Equity 49,323 41,780 34,284 26,029 15,341 Number of Shares - Basic ('000) 156,890 156,303 155,626 154,000 147,000 Number of Shares - Fully Diluted ('000) 156,938 156,444 156,364 151,729 141,867 Return ROE (%) 22.20% 23.70% 30.20% 53.30% 33.00% ROA (%) 11.40% 12.50% 15.40% 26.00% 14.00% Dividend per share (cents) 2.5 1.5 1.5 1.5 1.5 % of Earnings being distributed to Shareholders 39.00% 26.00% 25.00% 21.00% 56.00%

。。。。。。。。。。。。。。。。。。。

csh2006

今天收市价格是S$1.34, 2006年NTA 37.67 cents

全年股息S$0.024, 每股股息低于2%,

交易量也不高

请问你为什么看好这个股票?

[ 本帖最后由 csh2006 于 30-3-2007 07:39 PM 编辑 ]

臥龍先生

今天早上收到的...

Innovalues announces appointment of veteran COO, which could give
significant shot in the arm for HDD biz – Analyst Comments
Innovalues hasannounced the appointment of a Chief Operation Officer. Mr SeiichiYamamoto is a 31-year veteran of the HDD component industry. He hasspent the last 27 years at NMB Technologies Corporation, a subsidiaryof Minebea Co, in charge of its Thailand and Singapore operations.Minebea is the world's largest manufacturer of miniature and instrumentball bearings, and a world leader in step motors, spindle motors,mechanical assemblies, aircraft components, etc.


We believe MrYamamoto's immediate objective will be to help Innovalues revive itsHDD business. A major South Korean HDD customer wants Innovalues toproduce very significant volumes of turned components (1m sets a monthby end 2007, 2m sets a month by mid 2008 and 3m sets a month by 2009)for spindle motors. This customer currently outsources its spindlemotor requirements from a major third party supplier but now wants toproduce it inhouse given its large captive market share in the HDDend-market. It is even willing to co-invest in the additional capexneeded, a sign of its strong confidence in Innovalues.


According tomanagement, this new business could improve its margins significantly.Mr Yamamoto will bring the experience needed to manage the wholeprocess to ensure that higher margins are achieved.


We maintain our BUY call on Innovalues.

大师

这个股也不懂开了多少番了。。split了又开。。。

smart_603

现在卖还是等split了才卖？or hold and keep?

smart_603

muhaha~分了还在起。。。

大师

又新高~再开番不是问题

[ 本帖最后由 大师 于 17-5-2007 03:35 PM 编辑 ]

ccy79i

原帖由 大师 于 17-5-2007 03:33 PM 发表
又新高~再开番不是问题

哇哈哈.................希望一起冲啊

stock_gal

原帖由 大师 于 17-5-2007 03:33 PM 发表
又新高~再开番不是问题

本来没注意这个股的,看到你的贴后觉得真的很不错.在0.75时买了20lots.thank you.

大师

原帖由 stock_gal 于 19-5-2007 08:38 AM 发表

本来没注意这个股的,看到你的贴后觉得真的很不错.在0.75时买了20lots.thank you.

手上还有两个counters做同样的东西的,不过目前不适合进场,所以不打算贴上来...

ccy79i

看来有人赚了不少哦

大师

原帖由 大师 于 19-5-2007 03:35 PM 发表

手上还有两个counters做同样的东西的,不过目前不适合进场,所以不打算贴上来...

收到很多短消息问两个counters，就是armstrong & broadway.喝~ 有钱大家一齐赚。

臥龍先生

剛收到的....



Innovalues Ltd
BUY: Price: $0.675 Target: $0.91

Company visit
Analyst: Gregory YAP


On Track Where It Matters
H1 ramp-up in major automotive programs on track
Thus far in H107, Innovalues has experienced strong volume ramp up in three automotive programs – SSG, OWS and APT. A detailed review with management suggests that YTD monthly shipments are in line with our expectations for the full year. We estimate SSG volume rose 125% YoY in Jan-May 2007, or 41% of our full year forecast. OWS volume is likely to have risen more than 50% in H107. In fact, at the present monthly run-rate, OWS could exceed our full year projection by 25%. Lastly, APT, a new program which only started mass production early this year, recorded an estimated 114% surge in Q2 volume over Q1, and is likely to have met about 40% of our full year forecast. See Figure 1.

Management expecting big jump in APT volume in H2
APT volume hit 500k units in May, up from less than 200k in Jan, and is expected to continue rising steadily to 700k by July and 1 million a month by Q4 as the Mexico transfer volume kicks in. Sensata, which has a 45m-unit a year requirement, currently uses suppliers in Holland, Japan and Mexico, but intends to transfer 60-70% to China by 2009. At the Q4 monthly run-rate, 2008 volume could hit 12m units, up from 5-6m units forecasted for 2007. In fact, we understand that Innovalues is talking to Sensata about taking over more of its Mexican supplier’s production, a move that could add 16m more units a year. However, investment is expected to be minimal as Innovalues is negotiating to have the existing machinery consigned to it.

Some delays in minor programs but not a big deal
One, production for Hilite (engine & transmission valves) did not start as expected in April due to design issues that have since been resolved. Production should start this month. Two, although Innovalues committed 300k units a month for Samsung (HDD parts), production is not expected to hit this level until August. Three, the Siemens program (diesel fuel injector part) may also be delayed but this was originally meant for H2 commencement and 2007 revenue addition is negligible. However, there will be pre-mass production costs that need to be recognised before revenue contribution starts in H2. Management estimates these costs to be about S$0.5m in H1.

Substitution activities taking the sting out of more expensive steel
Nickel’s 3-month LME spot price has risen more than 60% year-to-date but is down from the peak of US$51,000 per ton in June. Nickel is a key raw material for stainless steel which Innovalues uses in its OA and auto businesses. We discussed usage patterns with management, which left us more assured that the impact is manageable. Less than 15% of its total annual consumption of steel products is stainless steel and customers have been open to using substitutes. We believe there may be margin upside in May and June as Innovalues executes on this strategy. There may also be some relief in H2 as nickel prices are expected to retreat in the face of lower demand from major stainless steel producers such as Thyssen Krup and Posco who are also switching from refined nickel to less expensive materials such as nickel pig iron.

BUY recommendation maintained
We are leaving our full year forecast and BUY recommendation intact as we expect a much stronger H2 with significant upside coming from SSG and OWS. The HP wide-format printer program is also expected to start mass production in Q4. At the current price, Innovalues is attractively priced as the only auto parts company in Singapore making safety-critical parts, a resilient growth business.




[ 本帖最后由 臥龍先生 于 7-6-2007 12:00 PM 编辑 ]

臥龍先生

Innovalues Limited (S$0.675) - Some delays but no alarm
Although there are recent concerns over delays in some automotive programmes and rising stainless steel prices, we highlight that Innovalues’ automotive business in general remains brisk. Also, the impact of higher stainless steel prices should be minimal as stainless steel accounts for less than 3% of its total steel requirements. Although 1H07 results could come in slightly below our expectations, we believe the shortfall would be compensated by a strong 2H and have kept our FY07-09 numbers. Our target price has been brought down from S$2.08 to S$1.04 to adjust for a 1-for-1 bonus issue. Our target remains based on 13x CY08 P/E. Maintain Outperform. We see catalysts from a healthy set of interim results and further inroads into the automotive component business.

臥龍先生

最近好像掉了不少....發生了什麼事 ? 我沒有 monitor 它, 那位可以分享一下 . 不過看起來巳經超賣了, 應該可以買進了吧 ??

arnofren

这是哪间公司推荐的？

原帖由 臥龍先生 于 7-6-2007 12:05 PM 发表

Innovalues Limited (S$0.675) - Some delays but no alarm
Although there are recent concerns over delays in some automotive programmes and rising stainless steel prices, we highlight that Innovalues’ automotive business in general remains brisk. Also, the impact of higher stainless steel prices should be minimal as stainless steel accounts for less than 3% of its total steel requirements. Although 1H07 results could come in slightly below our expectations, we believe the shortfall would be compensated by a strong 2H and have kept our FY07-09 numbers. Our target price has been brought down from S$2.08 to S$1.04 to adjust for a 1-for-1 bonus issue. Our target remains based on 13x CY08 P/E. Maintain Outperform. We see catalysts from a healthy set of interim results and further inroads into the automotive component business.

臥龍先生

原帖由 arnofren 于 8-6-2007 03:11 AM 发表
这是哪间公司推荐的？

我是從 POEMS 的 daily market update 里 copy 出來的.

stock_gal

上两个新期换去Armstrong了

smart_603

原帖由 大师 于 29-5-2007 08:13 AM 发表

收到很多短消息问两个counters，就是armstrong & broadway.喝~ 有钱大家一齐赚。

不愧是股市伯乐，Armstrong又让我赚大钱了。