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Another solid close...I have no plans to sell under $10...may come quicker than most think!
We got a Gapper Now! 6.26 X 6.50
$7.00 test today would be great....should move easier today with late fridays flippers out....I have a few buys already in just in case we see dip under $5.00....free money imo...
Ask is moving up a bit this morning. I should have bought more on Friday.
Receives Approval to List on the NASDAQ Capital Market
Today : Saturday 16 April 2011
Asia Pacific Wire & Cable Corporation Limited (OTC Bulletin Board: AWRCF) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in selected Asia-Pacific markets, today announced that its common stock has been approved for listing on the NASDAQ Capital Market. The shares are scheduled to trade on the NASDAQ Capital Market under the ticker symbol "APWC" and the Company understands that trading will commence in the coming days.
The Company is pleased to make the transition to the NASDAQ Capital Market and enter this new phase as a public company. The listing represents an important milestone in APWC's continuing effort to raise its profile within the investment community, improve its stock's liquidity, provide greater transparency, and enhance its corporate governance.
About Asia Pacific Wire & Cable Corporation
Asia Pacific Wire & Cable Corporation is a leading manufacturer and distributor of telecommunications and power cable and enameled wire products in the Asia Pacific region, primarily in Singapore, Thailand, Australia and China. For more information on APWC, visit http://www.apwcc.com. Information on the Company's Web site or any other Web site does not constitute a portion of this release.
Regarding the Float!
worthylion Share Friday, April 15, 2011 5:30:05 PM
Re: MWM post# 78919 Post # of 78964
AWRCF--Regarding the float, there are 13.8 million total shares so 15% would be about 2 million in the float if you exclude the parent and MSD. I own 470,000 and am not a seller until at least double digits, so you could probably take mine out too. I think there's a hedge fund that also owns about 500,000 shares, although I'm not sure what their hold/sell intentions are.
I was just reading the filing. Very impressive.
Asia Pacific Wire & Cable Corporation Announces Nine-Month 2010 Financial Results
Date : 11/17/2010 @ 7:00AM
6 Months : October 2010 to April 2011
Asia Pacific Wire & Cable Corporation Limited (OTC Bulletin Board: AWRCF) ("APWC" or the "Company"), today announced its unaudited consolidated results for the nine-month period ended September 30, 2010.
First Nine-Month Period of 2010 Financial Highlights:
The Company reported strong results the first nine-month period of 2010 with solid demand for its products, particularly for enameled wire, power cable, and in Thailand and China.
Revenues were $325.2 million for the nine-month period ended September 30, 2010, a 28.8% increase from $252.4 million in the same period a year ago
Gross profit was $40.8 million for the nine-month period ended September 30, 2010, a 27.5% increase from $32.0 million in the same period a year ago
Net income attributable to APWC shareholders was $11.1 million for the nine-month period ended September 30, 2010, a 91.4% increase from $5.8 million in the same period a year ago
Basic and diluted earnings per share were $0.80 for the nine-month period ended September 30, 2010, up 90.5% from $0.42 per share in the same period a year ago
First Nine-Month Period of 2010 Results
Revenues for the nine-month period ended September 30, 2010 were $325.2 million, a 28.8% increase over the year-ago period. Gross profit was $40.8 million for the nine-month period ended September 30, 2010, versus $32.0 million in the year-ago period, representing gross margins of 12.5% and 12.7%, respectively. Operating income for the nine-month period ended September 30, 2010 was $19.8 million, versus $9.7 million in the year-ago period, an increase of 104.1%. Selling, general and administrative expenses declined $0.4 million versus the same period last year on higher revenues. The allowance for doubtful debts also decreased by $0.7 million. Net income attributable to APWC shareholders was $11.1 million versus $5.8 million in the year-ago period, an increase of 91.4%. Net income per basic and diluted share was $0.80 for the nine-month period ended September 30, 2010, versus $0.42 in the year-ago period, a 90.5% increase.
Financial Condition
As of September 30, 2010, APWC had $50.1 million in cash and cash equivalents, compared to $41.5 million as of December 31, 2009. Total current assets were $294.4 million as of September 30, 2010, compared to $239.0 million at the end of 2009, and total current liabilities were $136.7 million as of September 30, 2010, compared to $111.9 million at the end of 2009. Working capital was $157.7 million as of September 30, 2010, versus $127.1 million at the end of 2009. Shareholders' equity attributable to APWC was $147.8 million, compared to $127.4 million at the end of 2009. Net book value per share increased to $10.69 from $9.21 at the end of 2009, an increase of $1.48 and an improvement of 16.1%.
Excellent AWRCF Summary
worthylion Share Tuesday, April 05, 2011 4:39:15 PM
Re: Traderfan post# 77664 Post # of 78912
long post--skip unless you care about AWRCF
AWRCF--They are in the process of uplisting, but it has been delayed beyond their original targeted date so who knows when/if it will happen. It could be very soon as they have been working hard on it for months now, but there has been no word from the company about it recently so hard to say.
They make/sell wire in China, Thailand,Singapore and Australia. They did .80 EPS for the first nine months of 2010. Their Q4 and annual results aren't late as they are only required to file every six months under their foreign issuer exemption. They should be out by May 15 at the latest. I think the full year will be 1.05-1.10 and rising unit sales and copper prices will make YOY revenue comps very attractive.
They are Taiwan based because their parent company (75% owner) Pacific Electric Wire and Cable company ("PEWC")was one of the old line blue chip companies listed on the Taiwanese stock exchange. The parent manufactures in Taiwan and it formed AWRCF to operate in the rest of Asia. AWRCF IPO'd on the NYSE in the mid 90's but got demoted to the OTC when the Asian financial crisis in the late 90's drove the share price down below NYSE requirements.
Around 2001 the parent company, PEWC, was taken over by a group of Taiwanese banks, because it had been overlevered and looted by former executives. PEWC was kicked off the Taiwan stock exchange and now the shares trade on Taiwan's equivalent of the pink sheets. To this day, PEWC management has to run major decisions by this bank group including decisions regarding AWRCF which is considered to be the "growth" part of the company and the bank's hope for getting paid back.
Going back 4-5 years AWRCF had separate fraud issue, where the former Chairman sold a 20% stake to an affiliated entity. All of those people are long gone now, and I trust existing management whom I have met several times. I think they're honest, and think having the banks watching them isn't all bad either. However, PEWC controls AWRCF with their 75% interest so minority shareholders don't effectively have any voting rights (which fails one of Rames' tests).
I have accumulated my position since 2003 and am one of their larger minority shareholders with an average share cost of approximately $2. The largest is MSD Capital (10%), Michael Dell's family office who has a shareholder's agreement that required them to uplist by Feb 2011 or he could put the shares back to PEWC at a price in the 4's. Until this recent swoon, that put right didn't seem to matter much, but now the put price is close to the current share price.I don't think he'll put unless the share price completely tanks.
AWRCF--My largest holding ran up a few months ago but lost steam when they didn't get their uplisting done by Feb 1st. Per their (filed) SH agreement with MSD Capital (Michael Dell's money), they have a two month grace period through the end of March to uplist and not trigger an MSD put right. PR today announced a new outside director to replace insider which looks to be to comply with a higher exchange requirement. Could an uplisting be announced this week?
I thought todays numbers were fine, the markets seems not (-14%)
AWRCF Correction--I was reading Charoong's financial statements wrong and looking at the unconsolidated numbers instead of the consolidated numbers. They actually earned 28 cents per AWRCF share in Q3, more than the 27 cents AWRCF reported in Q2. Unless there is a huge write off for their other operations, they have to report well over 40 cents next week and maybe even 50 cents. With an AMEX listing this should easily climb to over $10 in the next few weeks.
Charoong Thai reports Q3--AWRCF's 51% owned publicly traded Thai subsidiary reported its Q3 results today. Sequentially, revenues were up 26% and earnings were up 22% from Q2. The earnings will contribute 16 cents per share to AWRCF's Q3 earnings compared 12.8 cents of the 27 cent total for Q2. This sets the stage for AWRCF's Q3 earnings to be 30 cents per share even if its other operations earnings in China,Singapore and Australia were sequentially flat (which I don't expect). If other country earnings improve also, overall EPS for Q3 could be 32 or 33 cents compared to 27 cents in Q2. Those would be high earnings compared to AWRCF's current 5.85 share price. Charoong Thai's shares rose to 12.30 bhat after the earnings announcement today so that AWRCF's 51% ownership position equates to $6.11 per AWRCF share--in excess of AWRCF's $5.85 share price even though Charoong contributes less than half of AWRCF's revs and earnings. AWRCF shares should jump this morning at the open in anticipation of strong Q3 results when the company reports on Nov 17.
worthy,
what website do you use to check the price of these majority/minority holdings of AWRCF?
Also I wonder what is PEWC current structure? Are they publicly traded copmany? how many % of PEWC business is AWRCF?
Thanks,
Stan
Charoong Thai Wire----CTW traded up over 8% to 9.40 baht on Thailand exchange today on huge 13 million share volume. AWRCF's 51% ownership now equates to $4.70 per AWRCF share or 81% of current $5.80 share price even though CTW only accounted for 37% of AWRCF's sales for the first six months of 2010.
AWRCF poised to run I think AWRCF is a poised to appreciate at least 50% in the next 60 days for the following major reasons:
--It has earned .27 per share for each of the past two Qs or an annualized
$1.08 per share. This equates to a 5.4 PE at its current $5.80 share price.
--They will be announcing Q3 earnings on or about November 15th prior to presenting at the Breen Murray conference that week. I expect Q3 earnings to
rise to at least .30 per share because 1)the economies in China, Thailand, Singapore and Australia are all growing briskly 2)their currencies all appreciated against the US dollar in Q3 by as much as 10% 3)the spot copper price appreciated 25% during Q3 so their copper inventory will be marked up.
--AWRCF owns 51% of Charoong Thai which is publicly traded on the Thailand Stock Exchange (symbol CTW). CTW has been trading up on high volume recently in anticipation of strong Q3 earnings. At the current 8.65 baht share price, AWRCF's 51% position has a market cap of $59 million or $4.23 per AWRCF share. That is 73% of AWRCF's current $5.80 share price even though, for the first six months of 2010, Charoong only accounted for 38% of AWRCF's sales. At its current share price, Charoong trades slightly over a 7 PE based on first six months of 2010 annualized so its current share price isn't high especially if it reports rising Q3 earnings.
--AWRCF's consolidated book value per share at 6/30/10 was $9.62. If you add minority interests which can't be consolidated, the book value is $14.09. I don't know how much credit the market gives to the book value of minority interests that can't be consolidated, but it's real value and is worth something.
--AWRCF has disclosed in its filings its intention to uplist on a higher exchange (probably the AMEX). Michael Dell owns 10% of the shares subject to a SH's agreement which gives him the right to put his shares back if the uplisting isn't completed by February 2011. There is a real incentive to get this done soon and almost certainly by the end of December. I'm hoping and wondering whether they might announce it in mid November along with earnings leading into the Murray Breen conference and other roadshow meetings. That uplisting coupled with strong earnings should give the stock a powerful boost especially if the broader market environment continues to be conducive. Positive developments often fall on deaf ears in a crappy market.
-- As I have been a shareholder since 2003, I have known and met with the CEO over the last five years and more recently with the CFO who joined last year. I believe they are capable and honest are working effectively to boost operating performance and increase the share price. They have hired a PR firm, enhanced the frequency and quality of their SH communication and attended more conferences and roadshow meetings.Also, Ernst and Young are their auditors which is a good thing.
--AWRCF is 75% owned by Pacific Electric Wire (PEWC) which was one of the oldest companies listed on the Taiwan Stock exchange and manufactures wire and cable in Taiwan. Essentially,about 10 years ago PEWC was over levered and looted by prior management. As a consequence, today PEWC is controlled by a group of Taiwanese banks who lent to it and got burned. It's also delisted and trades off market essentially as a penny stock. While its operations in Taiwan continue, its 75% interest in AWRCF is its "crown jewel" and source of future value growth. When AWRCF trades closer to its $10 book value, I think there is real potential for a reverse merger which refinances the bank debt, consolidates PEWC's operations into AWRCF and leaves AWRCF as the parent and public market face. If they could pull this off I think the stock could become worth $20+ per share.
What's holding AWRCF back are (IMO):
1. Need national listing
2. Restoring/More credibility from management (past history of bad management, and some fraud, but I think they fired all those people who are involved)
3. Take SEC listing and reporting requirement more seriously (in the past they have skipped reporting earning and report only twice or less in a year)
4. Institutional support (MSD is the only big one and they also has sold some of their shares not too long ago)
5. Need more consistency. Revenue fluctuation is big (annual sales can go up or down a couple hundred million of dollar from one year to another, and consequently net income swing back and forth from profit and loss)
6. Just the fact this is international/asian/chinese stock (emerging market risk)
7. Price is so low that people are wondering if this is too good to be true.
8. The company structure doesn't seem to make sense to me (unless they want to take benefit of off balance sheet stuff which I don't think is a good idea to begin with), i.e. PEWC and APWC/AWRCF. why not PEWC and APWC merge together instead of spun off and list the APWC only on OTCBB. AWRCF should merge back with PEWC and list together. (This one is just my personal thought as well)
I'm long and strong but on this stock, it can still go either way (it can go back to $1 and you won't hear from the company for a long time. it has happened before and can happen again, or it can go to $6 and above if they manage to address all the items above)
Best of luck to us longs..
Stan
New contracts.. from elite companies.. one of them is Marubeni from Japan...
TAIPEI, July 28 /PRNewswire-Asia-FirstCall/ -- Asia Pacific Wire & Cable Corporation Limited (OTC Bulletin Board:AWRCF.ob - News) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in selected Asia-Pacific markets, today announced that one of its Thai subsidiaries, Siam Fiber Optics, Co, Ltd. ("SFO"), has signed several major contracts with local companies and state-owned telecommunication companies for a total value of Baht 592 million (approximately $18.4 million). These contracts include:
-- A THB 185 million ($5.7 million) contract with Marubeni Thailand Co., Ltd. to deliver 5,650 km of fiber-optic cable over a seven-month period through October 2010; -- A THB 121 million ($3.8 million) contract to deliver 2,794 km of fiber-optic cable to TOT Public Company Limited, a state-owned telecommunications company, which commenced in May 2010 and would run for four months; and -- Two contracts from Thai Transmission Industry Co., Ltd. to provide 4,130 km ADSS & 4,324 km Dropwires of fiber-optic cables in an effort to link the telecommunication network for all the domestic universities in Thailand totaling THB 258 million (approximately $8.0 million) over approximately 14 months, the first of which commenced in January 2010.
Siam Fiber Optics Co., Ltd. is 60% owned by Charoong Thai Wire and Cable Co., the latter is 51% directly or indirectly owned by APWC. The other three non-controlling interest parties own rest of the 40% of Siam Fiber Optics Co., Ltd.
Asia Pacific Wire and Cable Corporation is pleased by the strong demand for the telecommunications products in Thailand and optimistic about experiencing a continued recovery in our business. These contracts represent a healthy pipeline and stable growth in our telecommunications-cable business. The Company expects to see continued strong demand for our wire and cable alongside the expansion of telecommunications and electrical infrastructure in the growing Asia-Pacific region
all right.. thanks.. I've been buying at under $2 for many years (and never sold even when it goes to $6 last time) and wonder if I should add more at these levels..
no target...just appears undervalued ...with earnings coming up its a hold till then for me...
so are you long on this stock? what is your target? or what do you think AWRCF should be worth..
Controlled Companies
What is a "Controlled Company"?
According to Listing Rule 5615(c) and IM-5615-5, a "Controlled Company" is a company of which more than 50% of the voting power for the election of directors is held by an individual, a group or another company. For a group to exist, the shareholders must have filed a notice that they are acting as a group (e.g., a Schedule 13D). (Initial Posting: September 2, 2009)
What exemptions to NASDAQ's corporate governance policies are provided to a Controlled Company?
A Controlled Company is exempt from the majority independent board requirement, as set forth in Listing Rule 5615(b), except for the requirements of subsection (b)(2), which pertain to executive sessions of independent directors, and from the requirement for independent director oversight of executive officer compensation and director nominations, as set forth in Listing Rules 5605(d) and 5605(e).
A Controlled Company relying upon such exemptions must disclose in its annual meeting proxy statement (or, if the company does not file a proxy, in its Form 10-K or 20-F) that it is a Controlled Company and the basis for that determination. Please see IM-5615-5, Controlled Company Exemption. (Initial Posting: September 2, 2009)
Does a company that is eligible to rely on the "Controlled Company" exemption have to disclose if it chooses not to rely on the exemption?
No, a company only must disclose when it is relying on the Controlled Company exemption. A company eligible to rely on the exemption that does not chose to do so has no special disclosure obligations. (Initial Posting: September 2, 2009)
If a company ceases to be a Controlled Company, when must it comply with the corporate governance requirements?
If a company ceases to be a Controlled Company, it is permitted to phase in its compliance with the independent committee requirements set forth in Rule 5605(d) and (e) as follows: (1) one independent member at the time it ceases to be a controlled company; (2) a majority of independent members within 90 days; and (3) all independent members within one year of the time it ceases to be a controlled company. Furthermore, the company must comply with the majority independent board requirement in Rule 5605(b) within twelve months of the date it ceases to be a controlled company.
A company that has ceased to be a Controlled Company must comply with the audit committee requirements of Rule 5605(c) as of the date it ceased to be a Controlled Company. Furthermore, the executive sessions requirement of Rule 5605(b)(2) applies to Controlled Companies as of the date of listing and continues to apply after it ceases to be controlled.
See Listing Rule 5615(c)(3). (Initial Posting: September 2, 2009)
The Company's plans include seeking a listing on a national securities exchange, such as Nasdaq or NYSE Amex Equities, as and when the Company meets the listing criteria for one of those exchanges. In the event of a listing on a national securities exchange, the Company intends to rely upon the "controlled company exemption" which will exempt the Company from a requirement to have a board of directors that has a majority of independent directors.
(Source: 20-F Filing, 2010-06-28)
Trading China Rated Strong Buy....
http://www.fixyou.co.uk/tracker_details.php?s=AWRCF.OB
We need Stockcharts to add AWRCF to its Database....the more people that request it the quicker the act...please just fill out this quick request....thanks!
http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
it's back up now...
i have high hopes for this company..
thanks tsoprano. it will be really nice if they can go to AMEX or Nasdaq.
I'm surprised there are people still seling at $3.15
and also that no volume after the 3 days investor conference. I guess it's retail investor conference.
looking forward to $7.50-$10 range..
I'm done adding AWRCF, and now wait and see mode...
According to saadvisory.com they should be moving to a larger exchange later this year. With the numbers they are putting up we should see $7.50 minimum and maybe $10+ if they get some insties behind them. Not many shares out so it could pop anytime.
T
I'm surprised that after investor conference in SF, the volume for this stock is still dead. seems no one care with this company/stock. the stock price increase today however. I hope they will move out of OTCBB and goes to AMEX or Nasdaq.
I'm also wondering why they don't just merge back with their parent company PEWC and list in a bigger national exchange
I'm long and strong but not adding anymore shares.
Anyone see their latest earning release?
what do you think AWRCF is worth?
$5?
From yahoo board : APWCC's CFO Featured by the Wall Street Transcript
CFO Interview: Asia Pacific Wire And Cable Corporation Ltd. - Frank Tseng
Frank Tseng has served as CFO of Asia Pacific Wire & Cable Corporation Ltd. since October 2009. Before joining APWCC, he was the Deputy CFO for ABB Taiwan. Prior to that, Mr. Tseng served as the APAC Regional Controller for Phoenix Technologies, a Silicon Valley-based company that is publicly traded on Nasdaq. Mr. Tseng holds a master's degree in accounting from Georgia State University. He is also a CPA by the State of Illinois.
TWST: Let's start with a brief overview of Asia Pacific Wire & Cable's history, products, services and customers.
Mr. Tseng: The company was established in 1996, when we spun off from our parent company, PEWC, which stands for Pacific Electric Wire & Cable, which operates in four countries, or four regions. PEWC is our largest shareholder and still holds 65% of our shares. Our other major shareholder is SOF, which is a private equity fund of Michael Dell, which owns 9.7%. Altogether, these two companies own about 75%, leaving about 25% to free-float in the market. We are listed in the U.S. under the symbol AWRCF.OB, and we have manufacturing operations in China, Thailand, Singapore and Australia.
In China we produce two kinds of products, enameled wires and fiber-optic cable. Enameled wires are produced in Shenzhen and in the Shanghai area, and fiber-optic cable is produced in a joint venture in Shandong Province, in which we hold a 51% stake. In China we have five operating units. We are also contemplating adding a new one by reopening a facility we had previously shut down due to a product phaseout.
We also have operations in Thailand. Charoong Thai is our flagship company, and we also operate Siam Fiber Optics, SFO, which also manufactures fiber-optic cable. Charoong Thai produces a full range of products, such as power cables, enameled wire, fiber-optic cable and some legacy wire products. We have been in Thailand for 40 years and have developed strong relationships there, which create a strong entry barrier for competitors.
To summarize, Singapore is mostly a mix of government-sponsored projects. In Thailand sales not only come from government-sponsored projects, but also from large construction projects. In China the government is focusing heavily on building out its telecommunications infrastructure. Enameled wires are primarily used by makers of electric motors and consumer appliances, and we also cooperate with Taiwanese manufacturers. Australia produces only low-voltage power cable, which is primarily used for residential as well as commercial projects.
TWST: What are the most important trends, developments or changes you anticipate in your sector over the next two to three years?
Mr. Tseng: Our focus is on China. We have five manufacturing facilities in China which produce enameled wires and fiber-optic cable. We have a dormant manufacturing facility located in Ningbo, in Zhejiang Province, which has been offline for several years. We recently developed a new plan that was approved by the board of directors to convert that property into a new manufacturing facility for producing a new line of electronic wiring. Electronic wiring is mostly used inside components in computers, consumer electronics and automobiles. This is a new product for APWCC, however, our parent company, PEWC, has a technology patent and has been producing electronic wiring for a number of years. PEWC will assist us in setting up the factory, and over a few years, we think it could become our largest operating unit in China. Today the Shenzhen operation, which produces enameled wires, is our largest in China. But over several years, I think the Ningbo operation could exceed Shenzhen's production.
http://www.twst.com/yagoo/ala609.html
From yahoo board: American Metal Market
-- China Watch
Wire, cable maker APWCC seeks to manage copper price risks
Published: Jul 2 2010 2:50PM
SHANGHAI, China -- Asia Pacific Wire & Cable Corp. Ltd. (APWCC), one of the region's largest cable suppliers, is locking in copper prices through direct deals with some suppliers after volatility forced it to take a large writedown in late 2008.
Taipei-based APWCC has fixed copper prices six months forward with some producers, Frank Tseng, the company's chief financial officer, told AMM. "This gives us some protection, though if copper prices drop sharply we could be exposed to losses."
Tseng didn't reveal at what price the company had agreed to buy, although he said he expects copper prices to stay around $6,000 per tonne in the near term, barring any major economic developments.
APWCC bought 28,311 tonnes of copper in 2009, down 33.4 percent from 42,499 tonnes in 2008, according to company figures. It was forced to write down its inventory value by $25.1 million in 2008 as copper prices slumped, driving it to what it described as a "significant loss" that year, although a rebound in copper prices in 2009 boosted inventory value by $23.9 million and helped to nearly quadruple annual gross profits to $46.4 million.
The company often has a two-month manufacturing cycle that exposes it to fluctuations in the copper price, Tseng said. It doesn't hedge its copper price risks through banks or other financial institutions, but would consider doing so in the future, he added.
APWCC, which has a stock listing on the U.S. over-the-counter (OTC) market, is the largest producer of low-voltage power cable in Singapore and is one of the top five producers in Thailand. It also has operations in China and Australia.
It typically sources copper locally in China and Australia, and buys locally and from South Korea for its Thai operations, Tseng said. In Singapore, the company sells copper rod and wire and cable products made by parent company Pacific Electric Wire & Cable Co. Ltd.
The Chinese market, and particularly the country's relatively underdeveloped western region, is the company's top target for expansion, Tseng said. APWCC has several plants in China producing enameled wire and fiber optic cable, but also ships low-voltage power cable products to China from its operations in Singapore and Thailand.
Free-trade deals make it easier to boost its Chinese presence in the market by increasing imports rather than setting up new facilities, Tseng said.
Its import business means APWCC stands to benefit from an appreciation in the value of the yuan. "The stronger the renminbi, the more value we can create—it's a good sign for the Chinese economy that the renminbi is rising, at least for our line of business," he said. "China's government has been good at controlling the overall economic situation, given the vast market that China has."
The yuan likely will rise in value over the next six to eight months, although the pace of appreciation will be slower than many expect, he said.
APWCC also might consider producing railroad cable products for China's booming railroad infrastructure projects, Tseng said.
The company's net income attributable to shareholders soared to $3.7 million in the first quarter of 2010 from $1.5 million a year earlier on revenue that jumped 83.1 percent to $104.9 million from $57.3 million.
http://www.metalbulletin.com/Article/262...
http://www.amm.com/login/amm-*/2010-07-02__14-50-24.html/Wire+cable+maker+APWCC+seek s+to+manage+copper+price+risks
hope AWRCF will post more recent financial now that they are back in bulletin board.
I wonder if they will start posting quarterly result vs the semi annual result that they used to do (10Q vs 6K)
any thoughts?
Stan
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History and Development of the Company The Company (Asia Pacific Wire & Cable Corporation Limited), formed on September 19, 1996, is a Bermuda exempted limited liability company which, through its operating subsidiaries, is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Singapore, Thailand, Australia and China. The Company manufactures and distributes its own wire and cable products and also | ||||
In addition to selling its own manufactured products, in Singapore, the Company also sells Distributed Products, which largely consist of medium and high voltage power cable. In 2009, sales of Distributed Products accounted for 7.7% of the Company’s revenues. The Company’s SDI project engineering services accounted for 9.4% of the Company’s revenue in 2009. | ||||
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