Portfolio update - sold wilmar, bough tat hong and Ferro China

Wilmar has a good run and I have decided to take profit. Bought Tat Hong @ 3.10. Tomorrow it will announce Q3 result. Tat Hong has been quite positive despites market going down.

Q2 result highlight as follows:

TAT HONG’S 1HFY2008 NET PROFIT AFTER MI MORE THAN DOUBLES
TO S$40.2 MILLION
- Record Half Year Profit (excluding investment gains) in three
decades
- Highest Gross Profit Margin of 39.4%
- Growth seen in all business segments, with Crane Rental
registering highest growth
- Maiden contributions from newly acquired Australian subsidiaries
- Share of Associates’ Profits almost tripled to S$5.5 million
1HFY2008 Financial Highlights:
· Net Profit jumps 2 times to S$40.2 million
· Revenue reaches a new high of S$298.3 million
· Earnings Per Share (EPS) up 86.8% to 7.94 cents
· Proposes interim dividend of 3.0 cents less 18% tax, and
interim dividend (One Tier) of 0.8 cent


Also bought Ferro China @ 1.25, like Tat Hong, this one seems going against market down trend.


FerroChina 3QFY07 net profit surges 87.7%
to RMB101.9 million; completes Superb Team acquisition
• Earnings accelerate with increased contributions from associates as one additional
300,000 mt reverse cold rolling mill started production in May 2007.
• One-off rebate from raw material supplier arising from purchases of raw material in
previous quarter.
• Superb Team acquisition catapults FerroChina market capitalization to S$2 billion,
making it among the top ten S-Chip companies on SGX.