tag:blogger.com,1999:blog-4504840851919180754.post5946403330251455083..comments2023-05-29T22:48:28.926+08:00Comments on Skewed Odds: Longcheer SGXMTH Investmentshttp://www.blogger.com/profile/00523146218701602591noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4504840851919180754.post-7686290757941212052014-02-12T03:20:09.777+08:002014-02-12T03:20:09.777+08:00The stock looks decent..The stock looks decent..PENNY STOCK INVESTMENTShttp://www.manhattancalumet.comnoreply@blogger.comtag:blogger.com,1999:blog-4504840851919180754.post-13350182464873640612012-02-06T00:17:33.306+08:002012-02-06T00:17:33.306+08:00Despite the impending troubles at each nation, I r...Despite the impending troubles at each nation, I remain an optimist in their potential to deliver. The firm however, dos not enjoy much of that optimism as it suffers weakness not only on the financial front but also the political, socio demands and most importantly corporate governance issues which to me is paramount.MTH Investmentshttps://www.blogger.com/profile/00523146218701602591noreply@blogger.comtag:blogger.com,1999:blog-4504840851919180754.post-24442696666100210392011-09-10T01:21:31.006+08:002011-09-10T01:21:31.006+08:00Don't be so pesimistic, Longcheer is great buy...Don't be so pesimistic, Longcheer is great buy for such low prices and it has nice future too! Also don't forget there is also smaller recession in India and China.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4504840851919180754.post-76173263783894926742011-02-19T16:23:06.938+08:002011-02-19T16:23:06.938+08:00A friend of mine (An India regular patron) highlig...A friend of mine (An India regular patron) highlighted the fact that few in India uses high-end smartphones, only in the cities and even then only the mid-upper class. Longcheer is dominant in the feature phone segment. (Imagine a smaller Nokia 3310 with some basic MMS, 3G functions)<br /><br />2Q10 had a 40% rise in shipment volume, 30% dip in ASP and a 3% rise in sales. Gross margin halved from 10.2 to 4.9%.<br /><br />Upon more reading, it seems that there was a massive ASP cut to clear inventory. In that sense, high inventories and the inability to absorb the excess supply led to the ASP cut. substitution of feature phones by smart phones will hence be an additional pressure but not the main negative.<br /><br />As of writing, Tao Qiang sold down again from total holdings of 12.92 to 12.78% after last week decrease to a married deal. Stock at S$0.27 and market cap of S$107mm.<br /><br />I guess if the market is able to "see" whats going on, i would not be surprised to see a S$0.10 Longcheer in the next few months. The only saving factor is probably the entrance into smartphone R&D.MTH Investmentshttps://www.blogger.com/profile/00523146218701602591noreply@blogger.com