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Tat Hong Growing to a Global Player
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WanSiTong
Master |
14-Nov-2013 15:30
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Tat Hong Holdings: No surprises in 2QFY14 results - OCBC Research
Tat Hong?s 2QFY14 results remained weak as expected. Revenue fell 14.2% YoY to S$185.3m while operating profit declined by 33.9% to S$18.6m. Despite the poorer showing, management declared an interim dividend of 1 S cent vs. 1.5 S cents last year. Entering 2HFY14, we expect Tat Hong?s performance to stay weak. Its Australian operations are unlikely to produce any turnaround until early FY15 (at its earliest) as sentiment remains poor. ... Nonetheless, some positives from stability in Singapore, Hong Kong and China operations should help to cushion some of the declines. As the street had factored in expectations for a weakened performance, we should not see sustained selling pressure on the counter. Adjusting our forecasts downwards slightly, our fair value falls to S$0.90 (S$0.96 previously). Maintain HOLD. |
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teeth53
Supreme |
29-Oct-2013 14:42
Yells: "don't learn through life, learn to grow with life " |
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Tat Hong gains $14m from Nusajaya land..... | ||
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nummus
Member |
28-Oct-2013 03:59
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Announced on 26 October 2013, Tat Hong Holdings, Boustead Singapore and CSC Holdings (three local firms) have set up a joint venture with AME Group (Johor based) to develop land in Iskandar Malaysia. The joint venture will jointly undertake mixed property development in Iskandar Malaysia. | ||
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Octavia
Elite |
25-Sep-2013 10:45
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Maybank-KE upgrade to Hold and raise TP to $1.00, pegged to 12.3x FY6/14F PER, in line with its 5-year mean and adjust earnings forecasts by 2%. House met with management to assess the outlook on the company?s respective markets. Tat Hong?s core market, Australia, is expected to remain weak on the back of a change in the country?s political leadership, while earnings from China are supported by reasonable growth from nuclear plant construction works. | ||
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SuperMonkey
Member |
17-Sep-2013 06:08
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relax.. every expanding company has debt. Even Singtel has debt.. And the management are trying to bring the debt down, at least the management is responsible. :) They are generating positive cash flow, so no worries. UNLESS, one day we find that they are burning the cash away with high debt, then alarm bear will sound, and that will only happens if the world goes into recession affecting their crane business. |
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Nokita
Senior |
16-Sep-2013 22:15
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Their short-term and long-term debt = $500 million.  Finance costs was $5.8 m in 1Q..... http://www.nextinsight.net/index.php/forum/3-sgx-stocks/13538-TAT-HONG-A-risk-worth-taking?limitstart=0 |
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happyboy588
Member |
16-Sep-2013 18:00
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nicely closed above important resistance line @0.92 , this week sure see above $1. hahahha..... |
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SuperMonkey
Member |
16-Sep-2013 14:40
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hmm... SSH buying??? | ||
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SuperMonkey
Member |
16-Sep-2013 11:36
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today not bad.. highest reached 93 cents.. now 92 cents.. hope for the best | ||
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SuperMonkey
Member |
15-Sep-2013 13:46
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my policy: Buy at near 52 weeks low and buy when everyone is selling :) Just 3 mths ago, some brokerage are recommending a buy with around TP of $1.50. So if we bought based on the buy recommendation, we are doomed. Now they are recommending a sell with TP from 78 cents to $1.12. So buy when everyone is selling and when price has reached almost 52 weeks low. Dun forget the recent announcement of restructuring of Singapore operation and the impending one off gain from disposal of land at 11 Gul Ave and confirmation of JV in Myanmar.. |
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SuperMonkey
Member |
15-Sep-2013 13:39
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relax pal, I dun look at the Tech side, I look at the fundamental.. :) For me, I dun mind waiting for a few mths. But I believe in Vertikal comments. Wow.. a few hundred lots? as in 500 lots? http://www.vertikal.net/en/news/story/18102/ Quote: Vertikal Comment While the numbers do not look great for the quarter, a good deal of this is timing related, although Australia is a significant part of the business and with the Chinese economy slowing, Australia is likely to be affected. Tat Hong has very good geographic spread across Asia and will almost certainly benefit from buoyancy in other parts of the region and is likely to meet its full year forecasts in spite of the slow start. |
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ruanlai
Master |
15-Sep-2013 13:14
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TH is now down trend....hard to attract ppls to buy.... Nowadays are group retailers trade together with the brokers cum SHIFU...... They only buy when they believe are Uptrend.....unless a sudden push up cross the 92cents....strong resistant and break the 50MA.... Let's hope....vested since 87cents.........few hundred lots.......accumulated |
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SuperMonkey
Member |
15-Sep-2013 00:03
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Tat Hong has been bashed down due to one quarter of bad results. This is not the first time Tat Hong having bad quarters. In Feb 2011, also bad quarter but eventually results return to normal and so did the share price. Is always a better choice to buy when everyone else is selling than buying when everyone is buying. :) I forsee their results will return to normal based on 1) Management taking pro-active steps to remedy the drop in profit - Shifting some operations to Johor 2) A one time gain from disposal of a piece of land at 11 Jul Ave. 3) The company bought 2 land parcel in Iskandar Malaysia, may see capital appreciation later 4) Australia new PM Abbott has promised to spend billions in infrastructure which will benefit Tat Hong 5) China economy is getting better 6) Venturing into Myanmar , which is a growth monster As and when results return to normal level, share price will go back to $1.20 easily. Anyway there is a article that is positive on Tat Hong. http://www.vertikal.net/en/news/story/18102/ Quote: Vertikal Comment While the numbers do not look great for the quarter, a good deal of this is timing related, although Australia is a significant part of the business and with the Chinese economy slowing, Australia is likely to be affected. Tat Hong has very good geographic spread across Asia and will almost certainly benefit from buoyancy in other parts of the region and is likely to meet its full year forecasts in spite of the slow start. Of course there are a few analyst which issue sell recommendation due to the one bad quarter. Maybank and one other I cant remember. I think overall is a risk worth to take to buy Tat Hong under 90 cents.. |
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SuperMonkey
Member |
11-Sep-2013 19:34
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haha if the next few quarters results result to normal , then the analyst will say " Excellent set of results from Tat Hong, with Australia thriving under the new PM Abott and China economy gaining momentum and with the impending profit from the one off sale of parcel of land, company successful hive significant costs by restructuring it's operation and shifting some operation to Johore, we recommend a buy with a TP of $1.50." hahahaha |
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Blanchard
Senior |
11-Sep-2013 18:45
Yells: "Winners cry..... Losers smile....." |
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Agreed that Tat Hong is one of the gems at an attractive price.
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SuperMonkey
Member |
11-Sep-2013 17:28
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I like the way the management tries to solve the problems. They are selling the piece of land at 11 GUL street for $33 million.. They bought the land in 1981, so I think the profit will be around 25 million?? Then with Australia new PM and restructuring of operation by shifting to Johor and thus cutting costs , plus lately China has shown some improvement in it's economy. Think this is a GEM which will go back to $1.20 and above in half's a year time... |
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happyboy588
Member |
09-Sep-2013 11:10
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seems like filling the gap now , will soon break $1.... | ||
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Blanchard
Senior |
08-Sep-2013 00:12
Yells: "Winners cry..... Losers smile....." |
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Blanchard
Senior |
05-Sep-2013 15:54
Yells: "Winners cry..... Losers smile....." |
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Australia's foreign aid to be slashed to pay for infrastructure projects under Australia's likely next government..... http://www.channelnewsasia.com/news/asiapacific/australia-s-foreign-aid/802994.html |
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Blanchard
Senior |
04-Sep-2013 15:50
Yells: "Winners cry..... Losers smile....." |
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Also, may the outcome of the Australian federal election this Sat be favourable to the future of projects in the oil & gas sectors in Australia which may benefit Tat Hong. http://maplecroft.com/portfolio/new-analysis/2013/08/23/australia-pre-election-monitor-liberal-national-coalition-expected-win-result-critical-energy-and-mining-sectors/ |
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