Cheung Woh Technologies Ltd - When will consumer demand return?

6/9/2013 – Cheung Woh Technologies' stock has not moved since it announced Q1 earnings on July 8.

Performance was generally down with a 14.2% revenue decrease.

Management said it expects hard disk drive components and precision metal stamping components to do well when consumer demand returns.

But it didn't give any insights into when this would happen.

These are what the Q1FY14 results look like:

Revenue: -21.6% to S$14.1 mln
Net Profit: 145.5% to S$189,000
Cash flow from operations: S$2.7 mln vs S$1.7 mln
Cash Reserves: S$15.2 mln vs S$17.2 mln
Final Dividend: None

Investor Central. Asian insights for global investors. We ask the tough questions of Asian companies which global investors need answers to.

Some obvious questions come to mind first.

Question

1. When do you see consumer demand return?

Clearly, this is hard to predict, but you must also do some budgeting and therefore have pencilled in some numbers.

What is the outlook, concretely?

Question

2. What impact, if any, will there be on its business from Microsoft's purchase of Nokia's handset division?

Question

3. How has Cheung Woh innovated to create new revenue streams?

Question

4. Was it a mistake to sell the automotive component division two years ago, and focus entirely on HDD?

(Total 6 questions)

We have sent these questions to the company to invite them for an on-camera interview, and/or seek their written response.

Sofar, we have not had a reply (which is why you are seeing this message).

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