Posted by disf76 > 2012-08-22 22:43 | Report Abuse

From StockBank.com.sg
Date Analyst Last Target Call

2012-03-28 Bloomberg 0.17 0.26 Buy
2012-05-14 CIMB 0.14 0.22 Outperform
2012-07-04 phillip 0.14 0.28 Buy
2012-03-02 phillip 0.15 0.26 Buy
2011-12-06 phillip 0.12 0.36 Buy
2011-09-07 phillip 0.26 0.31 Buy
2011-07-01 phillip 0.29 0.39 Buy

Posted by disf76 > 2012-08-24 12:56 | Report Abuse

From SGX website


On 27 July 2012 – SGX Mainboard-listed Hu An Cable Holdings Ltd.
and together with its subsidiaries, the “Group”), one of the top 10 wire and cable manufacturers in the PRC, has recently held the roofsealing ceremony for the tower of its new factory in Yixing City, Jiangsu Province.New factory’s 139.8 meter tower, a new landmark in China’s Cable City, designed to house a maximum of five ultra-high voltage power cable production lines


Mr Dai Zhixiang, Executive Chairman and CEO of Hu An Cable, commented, “The capping of the 139.8 meter tower is not just a new landmark in China’s Cable City; it heralds in a new era of rapid growth for Hu An Cable with the capability in ultra-high voltage power cable production.
This is a strategic move to match the encouraging industrial prospect for ultra-high voltage power cable as set out and emphasized in China’s 12th 5-year plan.”

Hu An Cable is a qualified supplier to bellwether companies such as the China State Grid Corporation of China, China Southern Power Grid, China Huadian Corporation, China Petroleum & Chemical Corporation, China National Petroleum Corporation, etc.

Due to its wide range of industry accreditations, Hu An Cable has participated in several prominent state projects such as the Beijing Workers’ Stadium for the 2008 Beijing Olympic Games, the DatongBaotou railway upgrading project, the Baiyun’e’bo wind-powered electricity generation project, Nanjing Subway Line 1 and various airport upgrading projects in major cities

Posted by disf76 > 2012-08-24 15:36 | Report Abuse

Hu An Cable bags RMB 105.6 million worth of contracts to supply 25 renewable energy power plants on 21 August 2012.

The Group won 25 out of 29 projects up for tender by China’s top five power producer, China Power Investment Corporation; demonstrates its DOMINANT position in China’s wire and cable sector.

Over 80% of contract value scheduled to be delivered in FY2012 and the
balance in FY2013

From SGX website

Posted by disf76 > 2012-08-24 16:25 | Report Abuse

PROSPECT OF HU AN


From shareinv.com

current PE: 0.52
Average dividend issued: more than 5.1 percent

Bonus issued : yes
Dividend issued consistently: Yes

China’s latest 12th Five Year Plan, China is planning to increase the proportion of renewable energy to the total electricity consumption in China from 5% to 15% in FY2011-FY2015, thus fuelling strong demand for cables.

The PRC government had mandated that the proportion of underground power cables has to increase from 40% to 60% by 2020 (underground power cables have higher margins). Furthermore, the continual urbanization in China bodes well for wire and cable supply as 400m migrant workers are estimated to move from rural areas to urban areas in the next 20 years with estimated annual investment of RMB2 trillion

Posted by disf76 > 2012-08-29 12:38 | Report Abuse

Hu An Cable Holdings Ltd. has secured a RMB 101.3 million contract (the “Contact”) from Hubei Province Electric Power Company (“Hubei Electric Power”)

This contract is the largest thus far with provincial power grid, Hubei Electric Power, one of Hu An Cable’s long-time clients outside of Jiangsu province, where Hu An Cable is based. The Contract will see the Group supply low voltage aerial bundled cables to Hubei Electric Power till June 2014, with 90% of cables to be delivered by 2013.

The Group’s scale of development, coupled with its brand advantage, quality of supply and excellent service, has put it in prime position to receive an increasing amount of orders from outside Jiangsu Province and this repeat order demonstrates the Group’s increasing reputation for quality and reliability.

Posted by bursajames > 2015-03-16 16:44 |

Post removed.Why?