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(Post 1 of 758) 02/17/2003.13:51:49 |
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Looks like I am the first to post a message on
this stock forum.  |
| (Post 2 of 758) 02/17/2003.15:47:31 |
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Hei hei hei......... I came in 2nd.  |
| (Post 3 of 758) 02/17/2003.16:50:27 |
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Ocean sky? sounds to me like an airfreight company if i had not read the opera.
into contract manufacturing for clothings for a lot of brand name customers. a short while ago, this industry was in the news cause it was on the uptrend. the report said that the industry is making a lot of money and looking to bright skies again. hope that it would continue so that we can make some money as well thru their ipo |
| (Post 4 of 758) 02/17/2003.16:52:04 |
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what is their main business? something to do with apparel from the opera......good time for a listing??
the timing has got to be right but i feel nowadays the pricing is a more impt factor |
| (Post 5 of 758) 02/17/2003.16:56:56 |
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well the sky is the limit right.......room for movement. looking at all the recent ones heading for listing.....we have oil, clothes, system integrator, marine industry......IPO mkt still there. |
| (Post 6 of 758) 02/17/2003.17:07:21 |
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you are talking about a company with turnover of S$180 million for Y2001 and estimated turnover of S$221 million for Y2002.
Also, In the Year 2002 Enterprise 50 Awards, they ranked 4th position amongst the best 50 local enterprises. Good company ... i think ..... worth looking into it. |
| (Post 7 of 758) 02/18/2003.09:22:36 |
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not only that they have good cash position. good customer name and good management.
would not be surprise if they make a stunning debut. we shall watch for action |
| (Post 8 of 758) 02/18/2003.09:36:24 |
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POTENTIAL???
clothings main line of business is it? well nowadays pple are more careful in investing and so in the midst of this talk abt war, do you guys think investors will put their money into the mkt? and of late recently ipos not perform that good right? So how do you guys rate this trend? |
| (Post 9 of 758) 02/18/2003.10:26:42 |
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shabi, now that the fear of war has been pushed back by a few weeks or maybe months, it would be wise to put your money in the ipo market cause the play for ipos is still there.
factors affecting the stock market is beginning to clear and US, japan, and even singapore is showing signs of recovering. china is still the no. 1 country in terms of gnp growth. clothing or apparel is still the basic necessity for humans and whatever happens we still need to use it. basic necessity. everyday use. unless we go back to the stone age. then we use leave lah 
population growth will be a factor, country wealth will be another factor. last but not least, good workmanship, quality, and biz acumen |
| (Post 10 of 758) 02/18/2003.10:28:14 |
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Recent IPOs are rather good too. |
| (Post 11 of 758) 02/18/2003.11:47:24 |
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The longer the war drags, the worst is for the share market! Only you buy, who else will buy from you? You buy yesterday, they all throw to you! Just look at today's market! You better ask Bush: fight or no fight - don't keep us in the dark! I rather let Saddam produces his mass destruction weapons, it will take him 10 years (may be) to fire the first shot! During this time, we can at least make some money from the market. ANY ONE DON'T AGREE??? This is a double Gold Membership award posting. |
| (Post 12 of 758) 02/18/2003.11:54:13 |
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I would like to recommend the BUFET posting for "life long GOLD membership award". Take care and cheers, |
| (Post 13 of 758) 02/18/2003.21:17:47 |
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friends forumers - my broker went to premarket presentation today and told me warren buffet also just recently bought a clothing company in USA because he believe this is good business |
| (Post 14 of 758) 02/18/2003.23:22:16 |
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as mentioned in my earlier comments, the market is taking a turn for the better cause the war fears is receding. on the contrary, the economic fundamentals are getting stronger that the market just cannot ignore.
we are going into a phase where the market is starting to pull up and it would be a strong rebound. gold prices is going down, oil is still hanging on due to colder weather and surprising short inventory in the usa. they normally keeps abt 2 million gallons in reserve and was used just quite recently maybe a year or two and would have been replenished by now. for those who are still bear, it is high time to reassess your position and not be caught short cause this momentum is unstoppable. so for ocean sky to come out at this time, it is perfect timing on the part of the lead manager. only just recently nobody wants anything to do with any ipo but demand have beeen coming in of late for more shares by fund managers and investors. sure is a good sign. |
| (Post 15 of 758) 02/19/2003.07:56:27 |
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Agree,the markethas difficulty trying to price in the the war as there are 3 key variables.
- to fight or not to fight - how long willl it take to win the war if they fight - will it be with UN blessings or unilateral Ocean Sky I believe does apparels just like SingLun but much bigger.Not sure how the war will affect such companies bottomline. |
| (Post 16 of 758) 02/19/2003.09:42:09 |
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SBBG.... no cheonggg today ?
Please do not stray from the discussion topic |
| (Post 17 of 758) 02/19/2003.09:49:53 |
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Hi, My esitimation of the PE looks ok(I am no expert, can someone correct me if the guesstimate working is wrong?) Or any other comment or guess?
Based on the Prelim prospectus from MAS web site, they will raised : S$17.1M plus undisclosed amt. working capital and listing expenses (let's guess it be S$1.5M)Page 20. Total S$18.6M. So assume (guess again) dilution of 25%, market cap. will be S$74.4M. Based on their financial numbers (page 34), FY01 PAT S$9.5M and half year FY 02 S$7.7M. So assume FY02 full year is 7.7x2=S$15.4M. Then the PE based on FY01 earning 7.8 times and based on forecast 02 estiamted be 4.8 times. Any comment on the above guesstimate? But by the time it come out we will have the full picture if the PE is low. |
| (Post 18 of 758) 02/19/2003.10:14:24 |
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i am always amazed by people who makes an estimation of the figures and noticed that most analyst always could not get the figure right reasons being that they do not have the full picture of the company and is always being fed with info that they need to know.
the rest are pluck in figures from the air. so hopefully god bless, your figure is correct pepsi. judging from the prospectus and the profit figure being given, would assume that pe would be low cause the issue is large. company is growing steadily and using the funds to expand so good news for those investing in the company. good growth prospects. |
| (Post 19 of 758) 02/19/2003.14:07:01 |
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Enginepee .... you are right man, this company got growth potential, just look at their past records :
Y1995 turnover S$1.7 million Y1996 turnover S$10.129 million Y1997 turnover S$14.359 million Y1998 turnover S$27.397 million Y1999 turnover S$56.705 million Y2000 turnover S$104.645 million Y2001 turnover S$179.988 million Y2002 turnover S$221 million (est) |
| (Post 20 of 758) 02/19/2003.16:15:24 |
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Net profit after Tax for the last few years ......
Y1999 S$4.404 million Y2000 S$5.585 million Y2001 S$9.551 million Y2002 S$7.652 million (1/2 year) |
| (Post 21 of 758) 02/19/2003.16:58:51 |
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ahem, i am a lady confi, working as an engineer. am working but stealing in to take a look at things here. how is everything?
any more info on this counter? |
| (Post 22 of 758) 02/19/2003.17:11:36 |
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This company got healthy financials .......
NTA of S$29 million (Pre IPO) ROE of 40% Cash and bank balances - S$11 million High dividend yield relatively low gearing no inventory risk 23.5% gross margin and 8.3% net margin (1H 02) |
| (Post 23 of 758) 02/19/2003.17:18:34 |
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Hi Miss Enginepee,
One more thing .... they have secured order book in hand amounted to S$53 million as at 1st Jan 2003. |
| (Post 24 of 758) 02/19/2003.17:26:19 |
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Secured order of $53 mil? Wow... didnt know the garment industry is SO BIG?
Let me find out more after I take a look at Sinwa KS. |
| (Post 25 of 758) 02/19/2003.23:45:38 |
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Hi Confidential,
May I know where to find the information relating to Ocean Sky? I browsed through SGX and MASNET but found none. Could you help? Thanks. Regards, Orange |
| (Post 26 of 758) 02/20/2003.08:04:01 |
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Hi Invest2828
Please do not stray from the discussion topic
Don't talk about Alan Tam lah, tell u more about Ocean Sky : They are a global one-stop specialty apparel manufacturer with supply chain management capabilities. They are the biggest of its kind in Singapore. Their staff strength is 6900 - 6489 production and 411 office staff. They have global network of operations in 9 countries : Singapore Malaysia Brunei Cambodia Hongkong PRC Honduras EL Salvador USA |
| (Post 27 of 758) 02/20/2003.08:06:08 |
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Hi Orange,
you can find it in MAS website under OPERA. |
| (Post 28 of 758) 02/20/2003.09:36:43 |
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Below are some of their well known client base :
Gap Inc Sears May Department Stores Meroyn's Target Foot Locker Phillips - Van Heusen Eddie Bauer |
| (Post 29 of 758) 02/20/2003.09:42:48 |
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Confi: Who are you? A spokesman for Ocean Sky? Just curious; you seem to know so much about the company! Thanks, anyway. |
| (Post 30 of 758) 02/20/2003.10:00:51 |
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Hi Lokekong,
My identity is just like my nick .....confidential. just joking
No lah, I am not spokeman of Ocean Sky but was offered their placement shares, so I did a read up of their prospectus in the OPERA. All the info I highlighted here are found in the prospectus. Cheers. |
| (Post 31 of 758) 02/20/2003.10:05:26 |
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How are u, Xiaoping ?
Please do not stray from the discussion topic |
| (Post 32 of 758) 02/20/2003.10:11:55 |
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mephisto, what bearish divergence and bullish breakout for errr.. ocean sky? i am lost. 
confidential, noted!! mou ming qi meow. |
| (Post 33 of 758) 02/20/2003.10:41:21 |
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Hi 88max
Please do not stray from the discussion topic
Back to Ocean Sky ......... In Y2002 Enterprise 50 Awards, an annual event organised by Accenture and The Business Times with the support of the Economic Development Board, it was ranked 4th position amongst the best 50 local enterprises. In Y2000 and Y2001, for the same award,it was ranked 19th and 13th position respectively. It also got a Outstanding Performance Award from May Department Stores International and Outstanding Award from the Associated Merchandising Corporation of USA. Its Cambodia subsidiary was awarded the Certificate of High Dignitary Sovathara from the Royal Government of Cambodia for its good performances. |
| (Post 34 of 758) 02/20/2003.10:48:42 |
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Hi Ebony,
Please do not stray from the discussion topic
Now talk a little about the industry Ocean Sky is in ..... Apparel is one of the oldest and the largest export industries in the world. Most nations produce for the international textile and apparel market, making this industry one of the most global of all industries. |
| (Post 35 of 758) 02/20/2003.10:49:23 |
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This discussion is interesting me!
Ocean Sky is a global one-stop specialty apparel manufacturer with supply chain management capabilities that offers real time solutions and services to clients worldwide. As one of the market leaders in the global apparel manufacturing industry, Ocean Sky has carved a niche for itself, offering a full range of globally integrated services in specialty apparels encompassing: - Design and Product Development - Material and Accessories Sourcing - Fabric and Apparel Manufacturing - Logistics Management and Customs Clearance - Quality Control Assurance and Compliance Monitoring Constantly striving to offer quality products in shortest delivery times, Ocean Sky is strategically located in 9 countries namely, Singapore, Brunei, Cambodia, Malaysia, Hong Kong, the PRC, Honduras, El Salvador and the USA. 13 apparel and fabric production, marketing, sourcing, SCM, quality control assurance and compliance monitoring facilities are hosted in these countries to provide the best services possible to our international clients. Source: their website. |
| (Post 36 of 758) 02/20/2003.10:54:52 |
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confidential, master buffett's berkshire was also a garment maker like ocean sky. good potential if mephisto takes over. |
| (Post 37 of 758) 02/20/2003.11:03:05 |
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Thanks for the info, Xiaoping.
More on the industry......an article in South China Morning Post dated 18 Jan 03....The clothing industry is one of Hongkong major manufacturing sectors.Its gross output is one of the highest of all manufacturing sectors, reaching HK$42.6 billion in 2000, according to the Trade Development Council. |
| (Post 38 of 758) 02/20/2003.11:13:13 |
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clothing and apparel business with low cost can make money..........so ipo also can i hope judging from their profits?
basically also i think the lead and underwriter also plays a part too. and as long as they are independent and self reliant company should be alright. |
| (Post 39 of 758) 02/20/2003.11:22:28 |
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terrier, ocean sky is making money and quite a sum judging from the info i read so this company is able to move. is it right?
what are they offering to the public? as i am only able to buy small amount would have to apply at ipo but am afraid that they will give me 1 lot. usually i apply 10 lots and hope that they will give me 3 or 4 lots so that i can profit if the price move up a little. just imagine if i get one lot then the price movement must move up by at least 3 cts before breaking even after paying for commission. can you tell me how do i get the placement shares? would be appreciative of help |
| (Post 40 of 758) 02/20/2003.11:41:50 |
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wms, mine too. back to ocean sky, i think the industry should do well as it addresses our "needs" rather than "wants". just kidding. |
| (Post 41 of 758) 02/20/2003.11:56:07 |
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More on the industry ..... an article in Straits Times dated 17 Jan 03.... It is costing top international fashion labels more to produce their apparel here, but that has not stopped them because manufacturers here are able to comply with their design demands ..... such know-how is one reason American brand Eddie Bauer, for example, is willing to pay 10 to 15 % more to make its smart-casual outdoor wear for adults here, rather than in places like Vietnam and Indonesia .........at least five other top labels, including DKNY , Gap and Fila, also make some of their clothes here. |
| (Post 42 of 758) 02/20/2003.12:25:43 |
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More on the industry ...... same article in the Straits Times dated 17 Jan 03 ...... The garment making sector, one of Singapore's oldest industries, is booming..... In 2001, Singapore-owned textile and apparel companies exported $4.2 billion worth of items, with their factories in 20 countries responsible for about three-quarters of that. |
| (Post 43 of 758) 02/20/2003.12:38:45 |
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Please do not stray from the discussion topic. For general stock discussions, do use the open general stock forum found here. |
| (Post 44 of 758) 02/20/2003.13:24:00 |
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Confidential.
All your industry informations pertaining to Ocean Sky is also applicable to Sing Lun which is in the same industry. Hence it would be appropriate to do a comparison of the 2 companies to convince the crowd here that Ocean sky is much prefered . Would you care to do a comparative analysis of Sing Lun and Ocean Sky before beating the gong to see the koyok? Much appreciate! |
| (Post 45 of 758) 02/21/2003.09:31:40 |
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confidential, would the current uneasiness disrupt the industry as some of the factories are located in south america, and third world countries?
this company has very excellent results from its prospectus and not many companies are able to produce that kind of net profit let alone getting it listed. what do you think abt this company moving forward? |
| (Post 46 of 758) 02/21/2003.10:11:46 |
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how huh, europtronics got potential or not ?  |
| (Post 47 of 758) 02/21/2003.10:16:24 |
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Antipos .... as per your request, I have read up some reports provided by my broker on Sing Lun but is very limited. Moreover, I am not a analyst and don't know how to calculate all the financial ratios. By comparing the reports from the two counters, managed to come out with the following but not sure whether is relevant :
Turnover Ocean Sky vs Sing Lun 1997 $14.359m Vs $63.205m 1998 $27.397m Vs $72.022m 1999 $56.705m Vs $67.179m 2000 $104.64m Vs $75.030m 2001 $179.98m Vs $70.502m 2002 $221.00m Vs $71.390m (est) Net profit Ocean Sky Vs Sing Lun after tax 1999 $4.404m Vs $8.237m 2000 $5.585m Vs $8.032m 2001 $9.551m Vs $5.574m 2002 $15.30m Vs $4.768m (est) For 1H 02, gross margin for Ocean Sky is 23.5% and Sing lun is 22%, net margin for Ocean Sky is 8.3% compare to Sing Lun 6.5%. Market Cap for Ocean Sky is 88 million compare to Sing Lun 37.20 million. As for Historical PE, if based on issue px of 0.20 (assume), Ocean Sky is 6.2 times and Sing Lun is 6.81 times. Basically, Sing Lun is one third the size of Ocean Sky, Sing Lun is regional whereas Ocean Sky is Global. If you look at turnover as an indicator, Sing Lun seems to be stagnant whereas Ocean Sky seems to be growing constantly. I think Ocean Sky have growth potential. Cheers. |
| (Post 48 of 758) 02/21/2003.10:46:24 |
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Confidential, good morning. 
Your analytical comparison of both companies is purposeful and relevant for laypersons like me to arrive at specific conclusions...I have been looking at Sing Lun's financial performances; but for some unexplicable reasons, Sing Lun don't seem to be as dynamic as Ocean Sky in terms of business growth and making appropriate initiatives to drive their business platform further. In fact, Sing Lun is stagnating; hence it's prospects are not encouraging. I can see in Ocean Sky a great business model with optimistic growth prospects, based on you data provided. Thanks for you efforts! |
| (Post 49 of 758) 02/21/2003.10:52:57 |
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Time for the Management of Sing Lun to wake up, take a good look at Ocean Sky and do some restructuring before it dies off ! |
| (Post 50 of 758) 02/21/2003.11:03:42 |
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Dont think there is anything wrong with Sing Lun... their fundamentals seems alright. click here
Balance sheet shows $6 m in cash still, and with $14 in liquid financial assets (guess its equities??). P&L suffered due to US slowdown as Gap and Eddie Bauer are all US dependent. Still looking at Ocean Sky as frankly, I don't know much and will browse when they IPO. But looks interesting man! |
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