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Cornerstone investor GAY CHEE YONG in mencast
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ozone2002
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06-Nov-2013 08:45
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ozone2002
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24-Jul-2013 11:13
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Mencast Holdings has won contracts worth a total of approximately S$6m from a Singapore based refinery. Effective from mid-2013 to June 2016, these contracts cover work such as maintenance, waste treatment,
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ozone2002
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16-Jul-2013 14:03
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Mencast Holdings has entered into a non-binding Memorandum of Understanding (MOU) with Takamul Investment Company, to co-operate in analysing downstream ventures within the Sultanate of Oman. The first potential project being examined under the MOU is the engineering, procurement, installation and
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ozone2002
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11-Jul-2013 10:46
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neglected gem backed by Temasek
Published July 11, 2013
Mencast secures two offshore services contracts from Keppel
MENCAST Holdings Ltd on Thursday announced that its subsidiary, Mencast Subsea, has secured two separate contracts for offshore services from Keppel Singmarine Pte Ltd and Keppel Shipyard Ltd.
Mencast Subsea will provide maintenance, repair and overhaul (MRO) services to Keppel Singmarine and Keppel Shipyard, both susidiaries of Keppel Offshore & Marine Ltd. The MRO services include underwater inspection and maintenance works, seabed survey inspection, hydrographic survey and side scan sonar survey. Both contracts extend to December 31, 2015 and include a one-year option to renew. " These long term contracts affirm our growing leadership in providing MRO services to the offshore industry," said Glenndle Sim, Mencast's executive chairman and chief executive officer. |
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ozone2002
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07-Mar-2013 10:39
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Mencast Holdings is re-evaluating the basis for the proposed (1) Bonus Share for every one (1) Share held as one of the listing rule (Rule 838 of the SGX-ST Listing Manual) requires the company to ensure that its daily weighted average price,
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ozone2002
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27-Feb-2013 09:45
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jump 9% today to 67..wow! gd luck dyodd |
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ozone2002
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26-Feb-2013 16:55
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chart genie Time: 4:52PM Exchange: SGX Stock: Mencast(5NF) Signal: Resistance - Breakout with High Volume Last Done: $0.61 |
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ozone2002
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08-Oct-2012 17:01
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this baby bucked the downtrend for the overall market today.. KIV this gem.. gd luck dyodd |
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ozone2002
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20-Sep-2012 14:02
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Mencast has the highest operating margin of 20%.. think it has more room to grow with it recent acquisition.. gd luck dyodd Here we feature three players with strong earnings growth in the past year. 
Bloomberg, 19 Sep 2012
Mencast CEO Glenndle Sim. NextInsight file photo Mencast – MRO player for offshore Take Mencast for example. From being a vessel sterngear manufacturer and solutions provider, its top line has leaped with its transformation into maintenance, repair and overhaul solutions provider that also caters to the offshore sector. Just a year after acquiring three businesses for its offshore & engineering segment, the segment's 1H2012 revenue doubled year-on-year to S$22.4 million and contributed 64.6% to top line. Group net profit attributable to shareholders rose 27.7% to S$6.9 million. The acquired businesses includes services such as: * Top Great Engineering & Marine - Inspection, maintenance and fabrication of offshore structures as well as engineering and other services related to onshore structures, provided by the newly acquired. * Unidive - Diving services for subsea inspection, repair and maintenance * Team International Development and Team Precision Engineering - Manufacturing of metal precision components Its offshore & engineering order book as at 30 June 2012 was S$17.8 million, compared to S$10.2 million a year prior to this. |
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ozone2002
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14-Sep-2012 09:50
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Gay Chee Yong up his stake in this gem.. gd luck dyodd :) Gay Chee Cheong builds up stake in Mencast Smart money is grabbing the opportunity to accumulate shares in sterngear equipment manufacturer Mencast Holdings. Co-founder of 2G Capital Gay Chee Cheong first invested in Mencast in 2010. He bought another 200,000 shares from the open market on 11 September, raising his interest to 9.03%. He paid 55 cents apiece, 57% higher than what he paid way back in 2010. Tuesday's open market purchase follows his purchase of placement shares in March this year. His investment is making progress --- Mencast’s aggressive growth strategy via M& A has more than doubled its revenue from S$26.3 million to S$56.4 million over FY2009 to FY2011. FY2011 EPS was 6 cents, 20% higher than the 5 cents in FY2009.  To expand business, it has embarked on the following acquisitions over the past two years: * Unidive Marine Services - topside (Rope Access) and subsea (diving) services for the offshore and inshore marine industry * Top Great Group - engineering design, procurement, fabrication and installation of structural and precision engineering systems and plants * Fabrication plant and machinery of a metal precision components manufacturer * Vac-Tech - industrial and environmental cleaning services provider |
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sgnewbie
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07-Aug-2012 09:21
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http://sgxreports.blogspot.sg/2012/08/mencast-holdings.html | ||||||||||||||||||||||||||||||||||||||||||||||||
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ozone2002
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06-Aug-2012 22:20
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Mencast HY2012 profit up 27.7% Mencast Holdings Ltd on Monday reported a 27.7 per cent increase in year on year earnings to $6.91 million for the fiscal half year ended June 30, 2012. Turnover rose 41.9 per cent year on year to $34.64 million, on contribution of approximately S$11.0 million in aggregate from the newly acquired subsidiaries, Top Great Engineering & Marine, Unidive Marine Services Pte Ltd and Team for six months in HY2012 compared to one month and two months revenue contribution for Unidive and TGEM respectively in HY2011. However, the increase was offset by the decrease in revenue of approximately S$0.8 million from the marine services segment due to the slow down in activities in the ship building and ship repairing industry. Earnings per share for the half year ended June 30, 2012 was 3.49 cents, up from 3.17 cents a year ago. |
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ozone2002
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07-May-2012 11:02
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ozone2002
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23-Mar-2012 09:45
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i've been keeping this gem..now that temasek has vested even better :)
Written by Leong Chan Teik
Wednesday, 21 March 2012 07:01
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pnuklis
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03-Feb-2012 19:57
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Mencast is doing everything right and the management is solid and it's tp will be soon 70 cents. I strongly recommand buy. | ||||||||||||||||||||||||||||||||||||||||||||||||
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ozone2002
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18-Jan-2012 10:47
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Mencast on target to being MRO player A month after its transfer to the Main Board, Mencast’s stock price has gained 14.6%. (It closed at 48 cents before its transfer on 14 Dec.) In its report dated 13 Jan, UOB Kayhian analyst Tan Junda gave Mencast a ‘Buy’ recommendation, with a target price of 71 cents. The valuation is pegged to 8.6x 2012 PE, at a 6.2% premium to peers’ average of 8.1x. The sterngear equipment services provider is on target to becoming a maintenance, repair and overhaul (MRO) player for the offshore and marine vessels via M& A. Its latest proposed acquisition is the fabrication plant and machinery of Team Precision Engineering and Team International Development for S$4.5m. Also, the completion of Mencast’s waterfront facility at Tanjong Penjuru Road will allow the group to move up the value chain to serve larger, more complex vessels. Its facility will be expanded to 40,000 sqm, more than four times the size of its previous workshop. |
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broadfeet
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11-Aug-2011 21:32
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plan to buy if close green candle + > 55c | ||||||||||||||||||||||||||||||||||||||||||||||||
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susan66
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08-Aug-2011 12:26
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Cannot hold 0.58, I run first. 
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susan66
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06-Aug-2011 17:31
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Lucky news come in time, nearly wanted to cut yesterday. But since it is able to close back 0.60, so I wait a while. With the volatility in US, don't feel safe to hold too long. 
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ozone2002
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05-Aug-2011 20:34
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More good news!! August 5, 2011, 5.27 pm (Singapore time)  Mencast's unit secures contract from Shell
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TEO SI JIA
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