Jasmin ueber 100% Gewinnchanche da rehabilitation court ruled that JAS could be taken out - 500 Beiträge pro Seite

[dieter1]

Jasmin ueber 100% Gewinnchanche da rehabilitation court ruled that JAS could be taken out

hallo, hier eine sehr interressante aktie mit guten gewinnchancen von 50-100% es lohnt sich sehr dies zu lesen. dividendenrendite vorhersage für diese jahr noch 12%. leider kann ich die ausdrucksvollen grafiken nicht mit einfügen, doch wenn jasmin ende des jahres aus der rehab kommt und dann wie beschrieben 0,07 baht mindestens an dividende zahlt wird der kurs explodieren. ganz abgesehen von dem hohen buchwert und den hohen gewinnen sowie das an die börse bringen von jts im september. viel spass beim lesen der information von der scb bank in thailand die diese studie nach ihrem besuch bei jasmin erstellte.


Tuesday, June 20, 2006
Jasmine International (JAS)
Downside risk limited
Local price: Bt0.47
Target price: Bt0.72
Mkt cap: B3.91bn (0.08% SET)
Sector: Communications (9.27% SET)

• Our visit with JAS last week reveals that despite being in
rehab, operations and financials are strengthening to the
point where downside risk is seen to be limited; plus,
there are two triggers for share price rise.
• Possible dividend after exiting rehab, with yield of 12%.
• New fixed-line license for Triple T Broadband provides
more business opportunities for TT&T and JAS’s group.
Recently, JAS increased stakes in TT&T to 30% from 27%.
• It is trading at a deep discount to book value though
already in the black. Warrants are out of the money, so
we see no trigger for exercise and subsequent dilution.
Company profile
Jasmine International (JAS) was established in 1982 as an
engineering and management consultancy company and was
listed in 1994. Via diversification and restructuring it has
become a telecom holding firm with plans for further
investment in the telecommunications and information
technology businesses. All subsidiaries and affiliates can be
put into three key business groups.
3 Key businesses
Business Company % holding Services
1) Network &
service
provider
Acumen 100 - Time Division Multiple
Access (TDMA) domestic
satellite network
(concession ended April
2006)
- Integrated Satellite
Business Network (ISBN) or
VSAT (concession ends June
2006)
- Awarded ISP license type I
Jasmine Submarine
Telecommunications
(JSTC)
100 - Providing submarine fiber
optic cable on the east and
west coasts of Thailand (two
concessions ending 2011)
Jasmine Internet
(JI)
65 - Internet service provider
(license ended Mar 06,
replaced with license for
Acumen)
2) System
Integration
Jasmine Telecom
Systems (JTS)
76 - Providing turnkey
telecommunications
businesses
3) Fixed line
operator
TT&T Plc (TT&T) 26.6 - 1.5 mn line telephone
network in provinces
(concession ends October
2018)
Source: SCBS
The Bhodaramik family has been the major shareholder of JAS
since it was established, but its holding has been reduced over
time and has been stable at 15-20% over the past two years.
Major shareholders (April 2006)
% Holding
Mr. Pete Bhodaramik 18.2
Bulakul family 7.3
Somers (U.K.) Limited 3.7
Thai NVDR Co., Ltd. 3.5
Others 67.3
Total 100
Source: SET
Still in rehabilitation, but financials strengthening
In 2004, the rehabilitation court ruled that JAS could be taken
out of the rehabilitation group. However, creditors holding
10% of total debt did not approve JAS’ rehabilitation plan and
appealed for reversal of the ruling.
Timeline
Event
Aug 2002 JAS and its subsidiaries Jasmine International Overseas
(JSTC) file rehabilitation court
Aug-Sept 2003 Rehabilitation court agreed to JAS rehabilitation plan
Feb 2004 JAS filed to exit rehabilitation court
Mar 2004 A group of creditors appeal to higher court to reverse
ruling of the rehabilitation court
Source: SCBS
JAS has been waiting for the Supreme Administration Court’s
ruling for over two years; this is the court of last resource and
no further appeals are possible. While it expects the court’s
ruling to be favorable (and to be released in 3Q06), such cases
are unpredictable in Thailand.
Though companies in the rehab group are generally thought to
be in financial distress, in truth JAS’ financials have improved
substantially over the past two years. As of March 2006, total
equity was Bt8.9bn, surging from a negative of Bt492mn in
2002. Total debt has been slashed by 60% from Bt14bn to
Bt5.6bn (all in local currency), with payments scheduled for
the next 7-8 years. Net debt to EBITDA was 0.7x, far superior
to the communication sector’s 2.5x.

In its rehabilitation plan, there was no cash restriction on
capex or investment apart from payment of a dividend. While
the company did not confirm its dividend plan for after it gets
out of rehab, we expect a dividend (its last one was in 1996),
as cash flow from operations estimated at Bt2bn per year is
more than enough to cover normal annual capex of Bt300-
400mn, and cash on hand is ample at Bt4.5bn with D/E ratio
of 0.9x.
If JAS is able to exit rehab by end-2006, we estimate a
minimum dividend of Bt0.07 based on estimated 2006 earnings
of Bt1.1bn with 50% dividend payout (its policy minimum).
Increasing stakes in TT&T
Since 2004, JAS has had plans to bundle its group’s products to
offer integrated service, but has made no substantial move in
that direction. Recently, subsidiary JSTC acquired 4.4% in
The information in this report has been obtained from sources believed to be reliable. However, its accuracy or completeness is not guaranteed. Any opinions
expressed herein reflect our judgment at this date and are subject to change without notice. This report is for information only. It is not to be construed as an offer,
or solicitation of an offer to sell or buy any securities. We accept no liability for any loss arising from the use of this document. We or our associates may have an
interest in the companies mentioned herein. Page 2 of 2
Tuesday, June 20, 2006
TT&T for Bt325mn (paying an average of Bt2.94/ share in line
with TT&T’s market price). This was the first increase in JAS’
TT&T stake since reducing its holding from 36% in 2004. We
feel that this could lead to further acquisition or even a
merger in the future in order to gain increased efficiency in
network utilization and reduce conflict of interest, as both
TT&T and JAS target a leading position in the Internet access
market.
At the same time, this increases JAS’ exposure to the telecom
reform theme, which is most relevant to telephone services –
both cellular and fixed-line. We believe TT&T has an excellent
chance to turn around at a faster speed with a new license in
hand, and developments in telecom regulations could also
lead to concession conversion talks. TT&T is trading at a 52%
discount to our target of Bt6. Based on a stake of 30%, TT&T is
worth Bt0.33 per JAS share at market price and this doubles to
Bt0.7 per JAS share at our fair price.
Trading at a low P/BV range
The graph below indicates that P/BV began to stabilize in July
2005 at 0.4-0.5x, which also implies strong support. At the last
close, JAS is trading at a 2006 P/BV of 0.4x. Though we expect
earnings to drop in 2006-2007 because of the ending of
concessions for TDMA and ISBN projects under Acumen, its
other businesses are profitable and we expect book value to
continue to go up to Bt1.17 at end-2006, up 15% YoY from
Bt1.02 in 2005. This has not factored in the upside gain from
listing of JTS (deadline by Sept 2006). At an IPO price of Bt3.5
and the 57% held by JAS, JAS’ book value could increase by
Bt1bn or add another Bt0.12 per JAS share at end 2006.

One reason for the deep discount to book value could be
concerns over dilution resulting from warrant exercise. As of
March 2006, there were 6,191mn warrants and 96mn ESOP.
JAS-W and JAS-W2 can be exercised from now through the end
of 2008-2009.
JAS warrants
JAS-W JAS-W2 ESOP 2002
Issue date Jul-99 Sept 03 Apr 02
Life (years) 10 5 5-8
Issued price (Bt) 0.1 0.05 0
Units (mn) 3,336 5,520 134
Exercise price (Bt) 0.334 0.5 0.66-1.96
Exercise ratio 1:1 1:1 1:1
Exercise period Every 3 months
from Sept 99 to
maturity (2009)
Every 3 months
from Dec 03 to
maturity (2008)
Every 3 months
from Jun 02 to
maturity
Exercised (% of total) 65% 9% 28%
Source: SCBS
Assuming all warrants are exercised (excluding ESOP), shares
outstanding will leap 74% to 14,511mn from 8,320mn, diluting
2006 EPS by 43% and lowering book value per share by 25%. On
the other hand, exercise will give JAS cash of Bt2.9bn,
equivalent to Bt0.2 per share.
Impact on 2006 earnings if all warrants are exercised
Current Warrant exercise % Chg
Estimated earnings 2006 (Bt) 1,150 1,150 0
EPS (Bt) 0.14 0.08 (43)
Outstanding shares (mn) 8,320 14,511 74
Total equity (Bt mn) 9,637 12,538 30
Book value (Bt) 1.2 0.9 (25)
PE 2006 (x) 3.2 5.6 75
P/BV 2006 (x) 0.4 0.5 34
Source: SCBS
In general, triggers to warrant exercise are either approaching
expiration or being “in the money” (warrant price + exercise
price less than parent price). For JAS, both triggers are absent
– there is at least two years to expiration and the warrants are
out of the money (warrant price + exercise price are higher
than parent price). The graph below shows that around
2,000mn warrants were exercised from August 2003 to April
2004, triggered by being “in the money”. Since then, few have
been exercised. Given its improving financial position as well
as upside from telecom reform, we believe investors would
rather play the warrants for capital gain rather than exercise
them.


Forecasts and Valuation
FY Dec 03 04 05 06E 07E
Sales (Btmn) 5,796 6,371 6,655 na na
EBITDA (Btmn) 2,784 3,356 3,545 na na
Core profit (Btmn) 1,130 1,194 941 1,150 1,050
Net profit (Btmn) 4,244 1,145 865 na na
Core EPS (Bt) 0.17 0.14 0.11 0.14 0.13
Net EPS (Bt) 0.62 0.14 0.10 na na
DPS (Bt) - - - - -
BVPS (Bt) 0.80 0.89 1.02 1.17 1.28
Net DE (x) 1.40 0.72 0.11 na na
Core ROAE (%) 45.8 18.6 11.8 12.7 10.3
Sector ROAE (%) 20.3 21.1 17.8 16.3 19.0
At current prices
SCBS core PER (x) 2.8 3.3 4.2 3.4 3.7
SCBS Sector PER (x) 17.0 14.4 15.7 16.3 13.3
Price / BV (x) 0.6 0.5 0.5 0.4 0.4
Dividend yields (%) - - - - -
EV/EBITDA (x) 3.9 2.7 1.4 na na
At target prices
SCBS Sector PER (x) 18.5 15.7 17.2 18.5 15.7
Creditors
appeal to court
Court agrees
to JAS’s plan

[lapamita]

@herrn dieter 1

na wieder mit empfehlungen, zum gluceck nicht mit dem grossen blabla von damals ! was statt den 10000% gewinn fette verlsute gebracht haben, aber inzwischen verstehen sie ja wohl,,, wie man optiosscheine berechnet,oder ??????
naja das hat wohl alles keiner fuer ernst genommen
mich kraut es noch heute vor den damaligen postings von ihnen

JASMINE
hochspekulativ !!
verbesserung deiner aussage
dividendenrendite vorhersage für diese jahr noch 12%
100%ig N E I N !!!!!!!!!!!
operative gewinne N E I N !!!
dept restrutering und bilanzumnbuchungsgewinne ja !!!
rund um kurse von 0,40 -0,42 baht kann man als hochspekulative postion etwas beimischen, mit einem kursziel im naechsten aufwaertstrend von 1,00 thb,,,,,
die bilanz ist schwach, das EK niedrig,der BV ist glaube ich nicht das wert was er geschrieben wird.die TT&T beteiligung ist weietr ein fassohne boden
fazit auf diesem niveau ist die aktie fuer zocker und risikofreudige eine suende wert,ein moegl. kursziel ,nur bei starker boerse 1,00 thb ,ein totalverlust ist zz auszuschlessen

[dieter1]

Antwort auf Beitrag Nr.: 22.605.831 von lapamita am 15.07.06 17:07:40

hallo, jasmin war am 2.12.05 noch bei 0,38 und schon am 16.1.06 bei 0,66 baht das allein sind eine steigerung von 72%.danach wurde jasmin dann wieder bis zum 23.2.06 durch die thai spekulatoren runter auf 0,45 gedrückt um dann wieder bis 18.5.06 auf 0,59 anzusteigen.dies waren wieder 30% steigerung.
lapalmita du schreibst selbst, eine steigerung bis zu 1 baht, was einen prozentualem gewinn von 126% vom jetzigen kurs 0,44 entsprechen würde wäre drin. meine meinung die aussichten sind sehr gut einen schnellen gewinn von nur 10-20% einzufahren. sie sind um so besser wenn sie wie von der siam commercial bank in ihrem angeführten bericht im 3 quatal 2006 durch das gerichtsurteil die rehab verlassen und das ist sehr wahrscheinlich. man sieht dies auch an den hohen umsätzen und die thai spekulatoren lieben jas. in der anlage unten alle buchhaltärischen angaben über jasmin viele grüße dieter1



STOCK TYPE
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+JAS (1617) -- PRICE INFORMATION (250 DAYS) --FY 31DEC Profit(K) EPS*+
|SECTOR:ICT |High: 0.66 Average: 0.47|Y2005 864,590 0.10|
|MARKET:SET |Low : 0.37 Volatility: 52%|Y2004 1,144,484 0.14|
|-------------------------------------------------|Q1/2006 434,524 0.05|
|Foreign Holding: 12.65%|PAR CHANGE FROM TO |Q4/2005 239,337 0.03|
|Avail Shr: 3,024,375,42908/01/2004 10.00 1.00|Q3/2005 230,471 0.03|
|Queue Shr: 0| |Q2/2005 10,253 0.00|
|-------------- MAJOR SHAREHOLDERS ---------------|* FULLY DILUTED |
|1.MR.PICH POTHARAMIK 34.21%|4QMA EPS*: 0.11|
|2.JASMIN INTERNATIIONAL OVER OVERSEACH CO. 12.64%|Par Value: 1.00|
|3.MR.ANUPONG POTHARAMIK 6.39%|Book Value*: 1.02|
|4.THAI NVDR CO.,LTD. 3.65%|Reg.shrs: 15,485,673,420|
|5.CLEARSTREAM NOMINEES LTD. 2.79%|Common+Pshrs 8,319,877,163|
+-[[ Please Page Down for Rights and Dividend ]]---- As of 14 Jul 2006 ------+
+-[[JAS ]] [[Rights and Dividend]] --------------------------------------+
| R | NEW SHARES TYPE OLD:NEW PRICE XR DATE PAYMENT DATE |
| I | 5,519,704,770 W 1.00:1.00 0.01 15/10/2003 13/02/2004 |
| G | 333,600,000 W 1.00:1.00 0.10 01/04/1999 23/07/1999 |
| H | 222,400,000 C 1.00:2.00 10.00 09/03/1995 05/04/1995 |
| T | |
|---+------------------------------------------------------------------------|
| D | BOARD DATE BAHT PERIOD END PERIOD XD DATE PAYMENT DATE |
| I | 13/03/1997 1.500 6 31/12/1996 01/04/1997 14/05/1997 |
| V | 09/08/1996 1.000 6 30/06/1996 21/08/1996 06/09/1996 |
| I | 21/03/1996 2.000 6 31/12/1995 03/04/1996 29/05/1996 |
| D | 07/09/1995 1.000 6 30/06/1995 18/09/1995 06/10/1995 |
| N | 21/03/1995 1.350 12 31/12/1994 08/05/1995 24/05/1995 |
+----------------------------------------------------------------------------+

website:http://www.asiaplus.co.th
e-Mail:[e-mail]
telephone: [phone]


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JAS [Balance Sheet]-------------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
CASH & CASH EQUIVALENTS 4,448 4,613 4,871 3,588 3,985
SHORT-TERM INVESTMENTS 600 355 547 559 548
TRADE A/C & NOTES RECV-NET 1,245 1,440 1,278 1,639 1,796
TRADE A/C & NOTES RECV-OTHERS 1,188 1,316 1,187 1,372 1,567
TRADE A/C -RELATED PARTIES 144 214 182 360 319
LESS: PROVISION 86 91 91 92 90
UNBILLED RECV/ UNEARNED FEE 396 475 451 387 313
UNBILLED RECV 396 475 451 387 313
NET S/T LOANS TO RELATED PARTY 20 20 22 1 14
INVENTORIES/REAL ESTATE 365 252 159 207 143
OTHER CURRENT ASSETS 600 579 449 393 372
JAS [Balance Sheet]-------------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 7,673 7,734 7,777 6,774 7,172
INV EQUITY METHOD OF ACCTg 4,164 3,919 3,795 3,693 3,760
OTHER LONG-TERM INVESTMENTS 92 66 72 68 26
OTHER LONG-TERM LOANS 0 0 0 1,264 1,223
PROPERTY/PLANT/EQUIPMENT, NET 1,353 1,231 1,143 2,579 2,466
INTANGIBLE ASSETS 454 323 320 4 3
OTHER NON-CURRENT ASSETS 3,595 3,672 3,576 2,211 2,091
TOTAL NON-CURRENT ASSETS 9,657 9,211 8,906 9,819 9,570
TOTAL ASSETS 17,330 16,945 16,683 16,593 16,742
BANK O/D & LOANS FROM FIN INST 329 335 308 389 298
TRADE A/C & NOTES PAYABLE-NET 792 913 737 726 644
JAS [Balance Sheet]-------------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
ACCRUED PROJECT COSTS 0 224 60 133 156
CURRENT PORTION OF L/T LIAB 1,008 1,104 1,146 1,223 1,170
LIAB U DEBT RESTRU &REHAB 232 323 413 511 487
OTHERS 775 782 733 712 683
SHORT-TERM LOANS FROM RELATED 234 8 7 7 4
ADVANCES FROM CUSTOMERS 129 319 245 211 128
OTHER CURRENT LIABILITIES 963 435 464 503 747
TOTAL CURRENT LIABILITIES 3,455 3,338 2,968 3,193 3,147
OTHER LONG-TERM LOANS 5,893 5,627 5,490 4,913 4,663
L/T LOANS-NET OF CURR PORTION 0 3,353 3,324 2,966 2,799
LIAB U REHAB PLAN 2,383 2,275 2,166 1,947 1,864
JAS [Balance Sheet]-------------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
OTHERS 3,510 0 0 0 0
OTHER NON-CURRENT LIAB 0 0 0 0 0
TOTAL NON-CURRENT LIAB 5,893 5,627 5,490 4,914 4,663
TOTAL LIABILITIES 9,348 8,965 8,458 8,106 7,810
AUTHORIZED -PREFERRED SHARES 200 200 200 200 200
AUTHORIZED -COMMON SHARES 15,486 15,486 15,486 15,486 15,486
PAIDUP -COMMON SHARES 8,319 8,320 8,320 8,320 8,320
RIGHTS, WARRANTS AND OPTIONS 26 26 26 26 26
PREM(DISC) ON COMMON STOCKS -1,757 -1,758 -1,758 -1,758 -1,758
UNREALISED LOSS ON INV VALUE 82 60 66 62 26
TRANSALTION GAIN(LOSS) 3 -3 -2 -3 5
JAS [Balance Sheet]-------------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
OTHERS ITEM 0 0 0 0 0
TOTAL RETAINED EARNINGS (DEF) 974 984 1,215 1,454 1,889
- APPROPRIATED 28 28 28 71 71
LEGAL RESERVE 28 28 28 71 71
- UNAPPROPRIATED 946 956 1,187 1,383 1,817
EQUITY TO CO'S SHAREHOLDERS 7,647 7,629 7,866 8,102 8,508
MINORITY INTERESTS 335 350 359 385 423
SHAREHOLDERS' EQUITY 7,982 7,979 8,226 8,487 8,931



JAS [Income Statement]----------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
SALES & SERVICES REVENUE 1,721 3,506 5,049 6,655 1,610
OTHER INCOMES 79 105 123 256 178
INTEREST AND DIVIDEND INCOME 11 34 49 83 30
GAIN ON EXCHANGE RATE 4 0 0 0 123
GAIN ON SALES OF INVESTMENTS 56 0 56 56 10
OTHERS 8 71 18 117 15
PROFIT SHARING 0 0 0 0 67
TOTAL REVENUES 1,800 3,612 5,172 6,911 1,855
COST OF SALES/SERVICES 993 2,035 2,871 3,778 892
SELLING AND ADMIN EXPENSES 125 243 376 579 168
OTHER EXPENSES 0 139 128 132 0
JAS [Income Statement]----------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
LOSS ON EXCHANGE RATE 0 139 128 132 0
DIRECTORS' REMUNERATION 1 4 5 7 2
LOSS SHARING 37 285 405 507 0
TOTAL EXPENSES 1,156 2,706 3,786 5,003 1,062
PROFIT(LOSS) BEFORE INT & TAX 644 906 1,386 1,908 793
INTEREST EXPENSES 129 261 384 506 116
INCOME TAX 111 210 323 475 198
PROFIT (LOSS) AFTER TAX 404 434 680 927 478
MINORITY INTEREST 20 40 55 63 44
NORMALISED PROFIT 385 395 625 865 435
NET PROFIT (LOSS) 385 395 625 865 435
JAS [Income Statement]----------------[ACCUMULATED : Million Baht]--------
Quarter (Consolidate) 2005/1 2005/2 2005/3 2005/Y 2006/1
--------------------------------------------------------------------------------
BASIC EARNINGS PER SHARE 0.05 0.05 0.08 0.10 0.05

website:http://www.asiaplus.co.th
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[dieter1]

guten morgen jasmin ist in den letzten 10 tagen um knapp 10% gestiegen. wenn die vorhersage der siam commercial bank zutrifft sind noch über 60% gewinn möglich.
Our visit with JAS last week reveals that despite being in
rehab, operations and financials are strengthening to the
point where downside risk is seen to be limited; plus,
there are two triggers for share price rise.
• Possible dividend after exiting rehab, with yield of 12%.
• New fixed-line license for Triple T Broadband provides
more business opportunities for TT&T and JAS’s group.
Recently, JAS increased stakes in TT&T to 30% from 27%.
• It is trading at a deep discount to book value though
already in the black. Warrants are out of the money, so
we see no trigger for exercise and subsequent dilution.

JAS has been waiting for the Supreme Administration Court’s
ruling for over two years; this is the court of last resource and
no further appeals are possible. While it expects the court’s
ruling to be favorable (and to be released in 3Q06), such cases
are unpredictable in Thailand.

In its rehabilitation plan, there was no cash restriction on
capex or investment apart from payment of a dividend. While
the company did not confirm its dividend plan for after it gets
out of rehab, we expect a dividend (its last one was in 1996),
as cash flow from operations estimated at Bt2bn per year is
more than enough to cover normal annual capex of Bt300-
400mn, and cash on hand is ample at Bt4.5bn with D/E ratio
of 0.9x.
If JAS is able to exit rehab by end-2006, we estimate a
minimum dividend of Bt0.07 based on estimated 2006 earnings
of Bt1.1bn with 50% dividend payout (its policy minimum).

TT&T is trading at a 52%
discount to our target of Bt6. Based on a stake of 30%, TT&T is
worth Bt0.33 per JAS share at market price and this doubles to
Bt0.7 per JAS share at our fair price.

we expect book value to
continue to go up to Bt1.17 at end-2006, up 15% YoY from
Bt1.02 in 2005. This has not factored in the upside gain from
listing of JTS (deadline by Sept 2006). At an IPO price of Bt3.5
and the 57% held by JAS, JAS’ book value could increase by
Bt1bn or add another Bt0.12 per JAS share at end 2006.

[dieter1]

guten morgen jasmin jetzt schon von 0,42 auf 0,48 und zeitweise auf 0,49 bei sehr hohen umsätzen, knapp 15% plus. ich freue mich wenn die research abteilung recht behalten würde mit ihrer kursprognose von 0,72 baht
viele grüße dieter1