Saturday, May 12, 2007

Hexza

My Dearest Moo Moo Cow,

I had posted on this before
Regarding Hexza and there is a good posting on Sahamas, hexza.

Ok, do not get me wrong, this posting is nothing against Hexza but I would like to point out an interesting issue posted on Star Business, today.
Hexza at one-month high

  • Saturday May 12, 2007

    Hexza at one-month high

    By YVONNE TAN

    PETALING JAYA: Hexza Corp Bhd shares hit a one-month high of 77 sen yesterday after a local brokerage initiated a “buy” call on the counter, on prospects of the company's profits escalating and a higher dividend.

    In a report released yesterday, SBB Securities Sdn Bhd senior analyst Ng Jun Sheng said he regarded Hexza as a “hidden gem”, given its stable growth and abundant net cash
That very last line.
  • SBB Securities Sdn Bhd senior analyst Ng Jun Sheng said he regarded Hexza as a “hidden gem”, given its stable growth and abundant net cash

Well, what I do NOT admire about such article is because I do remember what was written a couple years ago.

Last year, Oct 13 2006, posted also on Star Biz, Hexza does well despite challenges

  • The research house's senior analyst Ng Jun Sheng told StarBiz yesterday that SBB recommended Hexza in October 2004 when the stock was at 54 sen, but the share has not been active and its price has traded in the range of 42 sen to 64 sen in the past two years.

So how could this be a "INITIATED BUY CALL"? The very same senior analyst acknowledged last yeat that SBB HAD RECOMMENDED Hexza back in October 2004!!!!!!!!!!!!!!

  • In a report released yesterday, SBB Securities Sdn Bhd senior analyst Ng Jun Sheng said he regarded Hexza as a “hidden gem”, given its stable growth and abundant net cash.

So if Hexza is a "hidden gem" then Hexza has been hidden since October 2004!

And last but not least, Hexza just announced its quarterly earnings and the 2 month earnings was kind of disappointing if you average it out and the net profit declined sharply to about 4.6%.

For more, there's a good update here at Sahamas. ( See the second last posting http://sahamas.net/forum5/1041-4.html ) And over at the blogging community, Seng of Fusion Investor has posted a good write-up here, http://fusioninvestor.blogspot.com/2007/05/hexza-financial-results-update.html.

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