I have put up a watchlist for the companies which are worth taking note of. You may view it by clicking here. I will be updating it as I discover more gems. However, due to time constraints, I might include companies in the watchlist even before publishing its research report. Reason being I do not wish to see my readers miss any good opportunities due to the time delayed in my report publishing. Rest assured that I will put up detailed reports eventually.
Just a note, today's newly added company is China Fishery. It is a global integrated industrial fishing specialist with operations across the world's Oceans. Over the last few years, it has rapidly risen to become one of the fastest-growing companies in the fishing industry.
Thursday, January 10, 2008
Watchlist Created
Subscribe to:
Post Comments (Atom)
4 comments:
Hi TYL,
I am vested in China Fishery since Nov 2007 and am glad to offer any assistance if you require on aspects of the company and the reasons for my purchase, as well as any updates to the company and its future plans.
We can communicate through this comments box or you can always drop a comment on my blog and I will respond.
Thanks, Musicwhiz
hi whiz, yeah this company is worth vesting and I hope both of us are right on this swimming fish! Will definitely approach you for any discussions regarding this fish in future.
Go spend some times to research on Apollo, it should prove v. rewarding for you...
Post divestment of Apollo Centre, Apollo will become CashCow with $160m net cash, and some 955 "4-star" hotel rooms (all located in Spore) to churn out more cashs !!
coz there is presently an acute shortage of hotel rooms in Spore & situation likely to persist for another 2-3 years.
At current $2.60 price, Apollo's MktCap is a mere $401m
For this, you get 955 hotel rooms(4-stars) and $160m Net Cash !!!
===> effectively at current mktcap, each hotel room is valued at some $250k only.
In contrast, CDLHTrusts at $2.50 price, currently have a mktcap of $2.05 billion !!!
CDLHtrusts have around 2800 rooms (around 2320 rooms in Spore, & 475 rooms in NZ)
So CDLHtrust at share price of $2.50, mkt is valuing its hotel room at almost $700k each.
if you further add in net borrowings, you get a price-tag of some $855k per hotel room for CDLHtrust.
BOTTOM-Line:
either Apollo is grossly undervalued, or CDLHtrust got to be grossly overvalued.
But quite a few houses are calling a buy for CDLHtrust with price target of around $3 !
so Apollo must be grossly undervalued
Some more background info. for you on Apollo.
a) Iss Shrs = 154m
b) Apollo Centre being sold for $205m
c) 2 hotels FuramaCitycenter & FuramaRiverfront with 955 rooms
d) a 13% stake in the 872-rooms 5-star Grand Hyatt Hotel, Taipei ==> carry at a BV of $14m only
and you must
Go and compare their EBITDAs and free cashflow (Apollo vs CDLHtrust) yourself
and then decide if you want to believe me for sayings that "over immediate 2-to-12 months, Apollo should quite easily outperform SPchem & ChinaFish"
:)
fun$
Hi anonymous, thank you so much for giving me a lead and really appreciate for providing me so much info, I will definitely take time and look at it.
Anyway, for the companies which I highlighted in my watchlist, I do not expect them to overperform in timeframe of months, but in years to come. I am always looking at time horizons of years.
Cheers!
Post a Comment