Techcomp (Holdings)

[Musicwhiz]

But I can't help believing that the Hong Kong - Singapore "share-price-gap" has to close somewhat further.

Cyclone - It was my mistake to (trigger and) call this thread "Techcomp Dual Listing". Can it be changed to simply "Techcomp"?? I seem unable to do this - I'm inept at IT stuff. Thank you.

Vested

Hi RBM,

I've changed the title of the thread, no worries about that; Moderators can do it too.

Had a quick look at Techcomp's latest FY 2011 results. I am a firm believer that a business' fundamentals would eventually drive its share price - as a business becomes more valuable the share price would naturally rise. As for the discrepancy between HK and SG, I would not dwell too much on it - if the busienss is improving and cash flows are increasing then the share price would eventually rise to reflect this.

Noted that Techcomp incurred dual listing fees for HK, which means that if stripped out, profit would be flattish. Any reasons for the dual listing? Was it just a share migration or to raise more funds?

Noted its Balance Sheet has deteriorated - cash has dropped quite a bit, loans have gone up, inventories are higher and trade receivables have also increased.

Cash Flow Statement shows -ve operating cash flows, though capex is very low. But most of the cash would come from Financing (Bank Loans).

What are your views on the business and its prospects? Would be interesting to hear from a shareholder. (I am not vested)