There wasn't much changes to my portfolio for the month of Feb as most of the company were slated to apprise their shareholders on the companies financial results. Trading activity for February was subdued as investors chose to stay sideline for the time being. There was much price movement for my stock holdings. While i believe that my stocks are still deeply undervalued, i consider this lack of movement a blessing in disguise as I am waiting for my bonus to come in to load up on some of my counters. This is something which I have been wanting to do - called re-balancing my portfolio.
Let's hope March will be a better month ahead. Here are the rest of the updates for my companies.
Adampak
On 26 Feb, Adampak announced that it has achieved record sales for 4Q 2009 with net profit soaring 68.1% year on year to US$2.4m. Company proposed $0.015 cents dividend for shareholders. Current cash holding remain healthy at US$11.3million. With 263,625,000 outstanding shares, that works out to be approximately 6cents per share.
Boustead
On 1 Feb, Boustead Subsidiary Awarded S$11m in Water & Wastewater Contracts from Power Industry.
On 8 Feb, Boustead announced its 3Q 2010 financial results. 9M 2010 net profit up by 13.7%. The division that turn in profit were the waster & waste management division and the geo-spatial technology division. Balance sheet is healthy with 173.8million and the order book is in excess of $575 million. At 514,245,520 outstanding shares, cash/share is 33 cents.
On 12 Feb, Boustead announced full acquisition of Map Data Science for a cash consideration of A$2.5 Million. << I read this as a positive sign of the company putting their cash hoard to good use. This is a good sum of money to pay to get access to the distribution network of MDS and it will certainly bode well for the development of the Geo-Spatial Division in Boustead.>>
Midas
On Feb 22, Midas announced its third interim Dividend of $0.0025.
On Feb 26, Midas Announced 14.9% Rise In Full-Year Profit Attributable To Shareholders To S$37.5 Million.
APWR
On Feb 16, APWR announced that its subsidiary, Shenyang Power Group ("SPG") has completed the establishment of a project company related to the development of a 600MW wind farm in Texas and has made an initial cash contribution of $36.625 million. This cash contribution has affirmed the company plans to move forward with the project and is a significant first step for the company in the Texas Wind Farm Project.
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