Sino-I.com - NEWS NEWS NEWS - 500 Beiträge pro Seite

[luschenhansi]

Sino-i.com <0250.HK> plans take over Savoy<0680.HK>

Hong Kong Economic Times quoted market sources that Sino-i-com planned to take over Savoy by injecting its internet business in the company.

The consideration is plan to be settled by issue of new shares at $0.1 each, representing a discount of 55.36 pct to the closing price of $0.224 before trading suspension.

[luschenhansi]

Interessiert euch das nicht?
Erst nach Sino News schreien, jetzt kriegt Sino den Laden zum Spottpreis und immer noch nichts? Ne ne ne.

[Braso]

Es wird mal langsam Zeit, dass die Aktie sich nach oben erholt. Ich werde auf alle Fälle am Montag noch zu 5 oder 6 Cents nachkaufenn, denn wie gesagt, werden die China Aktien in der nächsten Zukunft abheben. Es sind viele Anzeichen dafür. Die ersten China Zertifikate, die Umstellung der Aktienmärkte in China (sog. A und B Aktien), der Beitritt Chinas zur WHO, die Entspannung zwischen Nord und Süd-Korea.

Was meint ihr dazu?

[Sekkel]

Für alle noch mal übersetz:

Sino-i.com plant Übernahme von Savoy

Berichten der Hong Kong Ecocnomic Times zufolge plant Sino die Übernahme vn Savoy, ein ebenfalls am HSE gelistetes Unternehmen.

Die Übernahme soll per Ausgabe von neuen Savoyaktien erfolgen, dazu werrden neue Aktien im Wert von 0,1HK$ ausgegeben, das ist ein Discount von 55,36% zum Freitagsschlusskurs.(sb)

© Emerging Markets Research, 24.06.00
http://www.em-research.de

[luschenhansi]

Wieso werden die eigentlich so billig verkauft? Kapitalerhöhung?
Habe mir mal das Sino edu edu Portal angesehen, sieht gut aus.

[Sekkel]

Eine Meldung zu Savoy:


Finet News





Related Quotes
0680 SAVOY CONCEPTS
0.224 0




10:01 23-JUN-2000
Savoy <0680.HK> trading suspended

Trading in Savoy was suspended due to the increase in the price and trading volume of the shares on June 22 and possible change in control of the company.

(End)

[luschenhansi]

Habe heute noch was interessantes zu Sino gefunden, da sind auch die Gründe für die schwache Performance einleuchtend erklärt.
Die Analyse basiert noch auf Basia South Sea Development

Schlechte Performance wegen:

-Einbruch der Umsätze im ursprünglichen Geschäft (Hotels,Immobilien)

-Altes Geschäft macht immer noch einen Großteil der Umsätze aus (80%)

-Bessere Situation der Konkurrenz im alten Geschäft

Gute Aussichten wegen:

-Das B2B Portal steht wie ein Fels in der Brandung
www.china-enterprise.com

-Das Ausbildungsportal ist ebenfalls fertig und erfolgreich
www.edu-edu.com.cn

http://profiles.wisi.com/profiles/scripts/corpinfo2.asp?cusi…

Was einige vielleicht noch nicht wissen, Aufholpotential zu alten Höchstkursen über 300%.

Hier der Text:

Data as of: 6/16/00

Company Description

Sino-i.Com Limited (formerly South Sea Development Company Limited) operates hotels. Other activities of the group include property development and investment holding. The group`s operations are located in Hong Kong, Canada, the Philippines and the People`s Republic of China. Hotel operations accounted for 83% of fiscal 1999 revenues; property investment and rental income, 9% and property sales, 8%.


Competitor Analysis
Sino-I.com Ltd operates within the Miscellaneous industry, and the sub industry in which it operates is the Hotel & Motel Chains sector. This analysis compares Sino-I.com Ltd with three other companies in the same sub industry in Hong Kong: Po Wing Kwan International (Hldgs) Ltd (1999 sales of 59.69 million Hong Kong Dollars [US$7.67 million] ), Grand Hotel Holdings Limited (276.90 million Hong Kong Dollars [US$35.59 million] of which 91% was Hotel operations), and Sino Hotels (Holdings) Limited (144.89 million Hong Kong Dollars [US$18.62 million] of which 72% was Hotel operations).


Sales Analysis
During the second fiscal quarter of 2000, sales at Sino-I.com Ltd totalled HK$80.69 million. This is an increase of 16.7% from the HK$69.13 million in sales at the company during the second quarter of 1999.

Sales fell dramatically in 1999: During the year ended March of 1999, sales at Sino-I.com Ltd were HK$185.66 million (US$23.86 million). This is a sharp decrease of 70.3% versus 1998, when the company`s sales were HK$624.17 million. Contributing to the drop in overall sales was the 96.3% decline in Property Sales, from HK$390.31 million to HK$14.52 million. There were also decreases in sales in Hotel Operations (down 15.3% to HK$153.79 million) .

Sino-I.com Ltd has changed its product mix within the past five years. In 1999, the largest segment was Hotel Operations, while in 1995, the largest segment was Property Sales. During the past four years, sales of Hotel Operations increased 25.3% (from HK$122.75 million to HK$153.79 million), while during the same period, sales of Property Sales fell 92.0% (from HK$182.30 million to HK$14.52 million).

The company derives most of its revenues in Philippines: in 1999, this region`s sales were HK$153.79 million, which is equivalent to 82.8% of total sales. This is a change from five years ago: in 1995, the largest region for this company was Canada, which accounted for 39.0% of total sales. Today, this region`s sales are 1.5% of sales. On a geographical basis, contributing to the decline in the company`s sales in 1999 were the declines in the China, where sales dropped 98.9% to HK$1.12 million. Sales in Hong Kong were also lower, falling 92.9% (to HK$30.32 million) . However, not all regions experienced a decline in sales. Sales in Canada increased 169.8% (to HK$2.72 million).

Although all three comparable companies experienced a decline in sales, the 70.3% drop at Sino-I.com Ltd was greater than all three of these companies.

Sales Comparisons (Fiscal Year ending 1999) Company Year
Ended
Sales
(mlns) Sales
Growth Sales/
Emp (US$) Largest Region
Sino-I.com Ltd Mar 1999
185.661 -70.3% N/A Philippines (82.8%)
Po Wing Kwan International (Hldgs) Ltd Dec 1999 59.694 -11.2% N/A N/A
Grand Hotel Holdings Limited Jun 1999 276.900 -21.6% 38,682 N/A
Sino Hotels (Holdings) Limited Jun 1999 144.895 -29.2% N/A Hong Kong (100.0%)

Recent Stock Performance

In recent years, this stock has performed terribly. In fiscal year 1994, the stock traded as high as HK$1.43, versus HK$0.39 on 6/16/00. (In 1994, the stock retreated significantly from its high, and by the end of the year was at HK$0.70).

The stock price has more than doubled recently: For the 52 weeks ending 6/16/00, the stock of this company was up 672.7% to HK$0.39. During the past 13 weeks, the stock has fallen 58.9%. During the past 52 weeks, the stock of Sino-I.com Ltd has increased at a rate that is much faster than the three comparable companies, which saw changes between -5.7% and 120.0%.

During the 12 months ending 9/30/99, the company has experienced losses totalling HK$0.28 per share. These 12 month earnings are greater than the earnings per share achieved during the last fiscal year of the company, which ended in March of 1999, when the company reported earnings of -0.36 per share. Note that the earnings number includes a 0.01 pre-tax credit and 0.23 pre-tax charge in fiscal year 1999.

This company is currently trading at 4.72 times sales. The three companies vary greatly in terms of price to sales ratio: trading from 1.89 times all the way up to 18.77 times their annual sales. Sino-I.com Ltd is trading at 1.28 times book value. The company`s price to book ratio is higher than that of all three comparable companies, which are trading between 0.27 and 0.74 times book value.


Summary of company valuations (as of 6/16/00). Company P/E Price/
Book Price/
Sales 52 Wk
Pr Chg
Sino-I.com Ltd N/A 1.28 4.72 672.70%
Po Wing Kwan International (Hldgs) Ltd N/A 0.74 18.77 120.00%
Grand Hotel Holdings Limited 14.4 0.32 1.89 -5.66%
Sino Hotels (Holdings) Limited N/A 0.27 5.46 7.95%

The market capitalization of this company is HK$876.27 million (US$112.62 million) . Closely held shares (i.e., those held by officers, directors, pension and benefit plans and those shareholders who own more than 5% of the stock) amount to over 50% of the total shares outstanding: thus, it is impossible for an outsider to acquire a majority of the shares without the consent of management and other insiders. The capitalization of the floating stock (i.e., that which is not closely held) is HK$89.09 million (US$11.45 million) . These shares are not very liquid.


Dividend Analysis
This company has paid no dividends during the last 12 months. The company also reported losses during the previous 12 months. Sino-I.com Ltd last paid a dividend during fiscal year 1994, when it paid dividends of 0.01 per share.


Profitability Analysis

On the HK$185.66 million in sales reported by the company in 1999, the cost of goods sold totalled HK$180.59 million, or 97.3% of sales (i.e., the gross profit was 2.7% of sales). This gross profit margin is very slightly better than the company achieved in 1998, when cost of goods sold totalled 98.1% of sales.

In 1999, earnings before extraordinary items at Sino-I.com Ltd were -HK$385.88 million, or -207.8% of sales. This profit margin is lower than the level the company achieved in 1998, when the profit margin was -72.4% of sales. The company has reported losses before extraordinary items for each of the past 4 years. (1996 was the last year the company reported profits from ordinary operations, when it reported HK$6.88 million in earnings).

The company`s return on equity in 1999 was -315.5%. This was significantly worse than the -82.2% return the company achieved in 1998. (Extraordinary items have been excluded).

Profitability Comparison Company Year Gross
Profit
Margin EBITDA
Margin Earns
bef.
extra
Sino-I.com Ltd 1999 2.7% N/A -207.8%
Sino-I.com Ltd 1998 1.9% N/A -72.4%

Po Wing Kwan International (Hldgs) Ltd 1999 N/A N/A -378.7%
Grand Hotel Holdings Limited 1999 N/A 16.9% 14.4%
Sino Hotels (Holdings) Limited 1999 N/A 23.0% -16.3%


During the second quarter of 2000, Sino-I.com Ltd reported a loss per share of HK$0.02. The company also reported losses during the second quarter of 1999, of HK$0.10 per share.

Sino-I.com Ltd reports profits by product line. During 1999, the itemized operating profits at all divisions were -HK$303.05 million, which is equal to -163.2% of total sales. Of all the product lines, Hotel Operations had the highest operating profits in 1999, with operating profits equal to 23.4% of sales. (This product line is the largest at Sino-I.com Ltd, and accounted for 83% of sales in 1999). In 1998, Public Transportation Services had the highest operating profits (9.0% of sales versus -48.0% for Hotel Operations).

Property Sales had the lowest operating profit margin in 1999, with the operating profit showing a loss equivalent to 1,378.2% of sales. However, in 1998, Hotel Operations had the lowest profit margin (-48.0% of sales versus -38.8% for Property Sales).


Inventory Analysis
As of March 1999, the company`s inventory was HK$55.56 million. Since the cost of goods sold was HK$180.59 million for the year, the company had 112 days of inventory on hand (another way to look at this is to say that the company turned over its inventory 3.3 times per year). This is an increase in days in inventory from March 1998, when the company had HK$100.36 million, which was only 60 days of sales in inventory.



Financial Position
At the end of 1999, Sino-I.com Ltd had negative working capital, as current liabilities were HK$696.44 million while total current assets were only HK$225.85 million. The fact that the company has negative working capital could indicate that the company will have problems in expanding. However, negative working capital in and of itself is not necessarily bad, and could indicate that the company is very efficient at turning over inventory, or that the company has large financial subsidiaries.

As of March 1999, the company`s long term debt was HK$597.73 million and total liabilities (i.e., all monies owed) were HK$1.32 billion. The long term debt to equity ratio of the company is 0.76. This is significantly lower than the long term debt to equity ratio as of in March 1998, when the long term debt to equity ratio stood at 3.06.

Sino-I.com Ltd does not appear to be very efficient in collecting payments: As of March 1999, the accounts receivable for the company were HK$88.08 million, which is equivalent to 173 days of sales. This is sharply higher than at the end of 1998, when Sino-I.com Ltd had 84 days of sales in accounts receivable.


Financial Positions
Company Year LT Debt/
Equity Days
AR Days
Inv.
Sino-I.com Ltd 1999 0.76 173 112
Po Wing Kwan International (Hldgs) Ltd 1999 N/A N/A N/A
Grand Hotel Holdings Limited 1999 0.00 15 6
Sino Hotels (Holdings) Limited 1999 0.43 632 5


Industry Overview
According to the Census and Statistics Department of Hong Kong, there were 88 hotels, hostels and guest houses in Hong Kong in 1998, versus 86 in 1997. There were 33,981 rooms, up from 33,425 in 1997. Room occupancy rate remained at 76%.


User Selected Comparisons
If you would rather compare this company to different companies than the ones above, simply enter their names or ticker symbols below, and this report will be re-written with these new companies. You may enter the ticker symbol or the first few letters of a word in the company`s name (you must enter at least four characters for a name, and at least one character for a ticker). You must enter in three companies; if you don`t, there can be no competitive analysis and the computer will choose.

[Offenbacher]

Hier eine paar Infos zu Savoy aus "Quamnet":

Company profile


History
This company was formed in 1978, to engage in designing and marketing Japanese manufactured telephone answering machine. It became listed in 1991 by issuing 46 million of shares at $1 each. Paracorp Bhd still holds 75% shareholding of 248 million shares.
Current
Loss for the six months to June, 1999, amounted to $20 million or 7.9 cents per share, compared with loss of $20 million for the preceding period. The board did not recommend the payment of an interim dividend for 1999. Profit for year to December, 1998 was $4 million, compared with $33 million for the preceding period. NAV of the company is 11 cents.
Future
Not an interesting investment, even not worth to recommend on.

[luschenhansi]

Not an interesting investment, even not worth to recommend on.

Warum kaufen die sich dann so einen Shit?
Für die Kohle hätten die noch locker ein Portal machen können.

[Lauren]

was hat Nokia fabriziert?


(lefeitsimmuG)


Ich hab ne Kollegin, die hatte noch welche.

[luschenhansi]

Gewinn 31/03/2000 50 Mio. HK$

Verlust 31/03/2001 29 Mio. HK$

Wieso machen die einen Verlust in 2001?
KGV liegt dieses Jahr somit bei 35.

[luschenhansi]

18:40 26-JUN-2000
Sino-i.com<0250.HK> ICBC to develop B2B online payment

Sino-i.com has signed an agreement with Industrial and Commercial Bank of China in Beijing on Monday to form one of the first Websites in the country to become an ICBC e-commerce partner. An enterprise online payment business is to be launched.

[Braso]

Noch mehr Nachrichten zu der Aktie? Mein Gott, es kann nur noch nach oben gehen (ich hoffe es zumindest!!!!)