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PEC IPO result out?
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waterfalls
Senior |
16-Jan-2010 15:37
Yells: "Investing is calculated risk, patience n luck" |
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price peaking soon...looks like double top forming liao.. | ||||
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gempicker
Member |
14-Jan-2010 10:02
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Hi tonylim, Do you know when a project form Jurong Island starts, what are the sequence of events. When will contract flow to the subcontractors like PEC, Hiap Seng and Rotary? Not sure the following sequence is correct. Any missing event? Thanks. 1) Feasibility study of the project 2) Funding 3) Call for tender 4) Select and award to main contractor 5) Main contractor award to sub contractors I understand PEC don't announce small contract deals. This 2 deals start in Jurong Island but so far PEC, Hiap Seng and Rotary Engr have not announce any contract win from the main contractor. Tuas Power have started $2 billion project (2 phases) in Jurong Island http://www.tuaspower.com.sg/uploaded_files/HRG_02122009115233_69783_02122009115522.pdf SRC has started US$300 - 400 million project as reported in 6 Jan 2010. Piles have also been sunk for a new administration building and warehouse, expected to cost more than S$50 million, at the Jurong Island refinery. http://breaking.sg/story.php?title=src-restarts-green-fuel-project-as-oil-prices-climb |
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gempicker
Member |
13-Jan-2010 13:57
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Recently there are many projects resume in Jurong Island. This may further boost their book order.
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tonylim
Master |
13-Jan-2010 13:25
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I am quietly very confident of this counter cos' my WDA curriculum consultant friend told me the company financial position is robust, management is sound and has special skills in certain type of scaffolding which is unique for the industries it is serving.
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gempicker
Member |
13-Jan-2010 13:01
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PEC book order was S$150m on 31 Aug 2009, $170m on 31 Oct 2009. With this new contract, according to DBS research, the analyst estimate the book order around S$365m. This book order does not include maintenance services. Maintenance revenue in Y2009 is S$106.8m base on the 2009 annual report. According to IPO prospectus (Page 108): Given the nature of our maintenance services contracts where we receive specific work orders from time to time during the duration of such contracts, we are unable to ascertain the size of the order book for
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Bon3260
Supreme |
08-Jan-2010 08:58
Yells: "Ooo Ooo Aaa Aaa!" |
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Hi snoopy80 , Yes... The only hope now 4 PEC's Q4 results. U muz always rmbr, when u hv missed e train. Dun chase it. Wait 4 another train... Buy shares need 2 c weather (http://www.liveindices.com/). STI climbed Tue-Wed & Thu dropped. Cnt b everytime up rite? Y experts always said "do ur own hm work"? When a Counter's not moving 4 a long time. Set as ur watch list. Monitor closely especially mkt rally tis time round's in rotational play. Look @ their Interactive Chart. A Counter cnt b climb more dan 3 - 4 days. The 4th / 5th day'll b correction. When hving correction, u dun buy too cos u might e 1 hv bot e dwn trend stocks. & too Smart BBs like 2 kill all those Ctr Players... I'm still learning too actually... U might ask me y I din buy PEC... When my friend asked me 2 buy PEC @ 0.62 during Nov09. I din... So once I missed, I wun buy liao. U might say "dan u can 4ever dun buy shares liao lor"... I'm not dun buy, & I'm waiting 2 sell now. When Genting SP @ 1.08 dat time, I hv hint & posted "BBs need 2 cater sm funds 4 Genting SP" @ Sinotel's Forum. & I myself din buy too... So do I still chase? But I din... Even Epure Int too. Once chased, u'll nvr noe wat'll happen nxt liao... When Governmt said Econ's picking up during dat time u buy shares... & u r safe. When u heard alot of news said Econ oredi hv fully recovered... U muz sell all ur shares liao... ('',)
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snoopy80
Member |
07-Jan-2010 22:53
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Bon3260, But how do we determine when is the good enter point, cause there's good news annouce already, like the genting sp, i remember that time when it's during 1.06-1.08 my friend plan to get it when the price go down again , but after that the price is alwiz hiking, mean next entry point will be more higher already. but from the financial report, PEC is stil good in profit. if getting all the contract, i guess 2010 finacial result will be better. Anyway, i am newbie in investing share, still more i got to learn. |
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lesliesiaky
Member |
07-Jan-2010 22:50
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Based on the steady revenue and profitability growth trend, and with a healthy EPS (about $0.10 per share if profitability remains), should be a good counter to hold on to ride with the economy recovery for capital gain [probably dividends too] :)
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Bon3260
Supreme |
07-Jan-2010 21:35
Yells: "Ooo Ooo Aaa Aaa!" |
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U shdn't hv chased when a Counter's climbing...
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tonylim
Master |
07-Jan-2010 21:09
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Understand this company has been paying good bonus to its staff. Hope it will do the same when it comes to divident payout.
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snoopy80
Member |
07-Jan-2010 15:30
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You are correct, omg..watch this counter few mths already...nvr take action when its still low price after that more good news coming in, before 1 week new yr price start to surge yesterday watch the price climb to 0.77, but near to the market close its climb to 0.78, start q to get but too late...:( get this counter at 0.81 at this morning, hope this counter can up up up... good luck to all...
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Bon3260
Supreme |
07-Jan-2010 08:43
Yells: "Ooo Ooo Aaa Aaa!" |
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I dun hv PEC on hand... : ( But, PEC Cheong Ah!!! ('',) |
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Bon3260
Supreme |
06-Jan-2010 23:05
Yells: "Ooo Ooo Aaa Aaa!" |
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Tmr, PEC'll 0.8+ once Mkt open... Cheong Ah!!! |
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Bon3260
Supreme |
06-Jan-2010 21:37
Yells: "Ooo Ooo Aaa Aaa!" |
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Msg 4 new babies, "Tis aftnoon ard 4pm I saw PEC's moving v v fast. I was wanted 2 buy @ 0.77 during dat time but I din b'cos I saw PEC oredi climbed +0.25 when 0.77. So I juz watched & c how high it can climb. But when PEC reached 0.79 @ Buy Q. Sell Q there suddenly hv more dan 2k+ lots queuing 2 sell. It was v obvious dat sm BBs r setting fake Q 2 block PEC hit 0.795. So pple started 2 throw hurriedly & finally last @ 0.785. BBs blocking cos they 1 2 accumulate 4 tmr. Cos I belief tmr PEC'll cheong again. News only annonced dat PEC rec'd new ctts on 06-Jan-2010 (17:28:35). Muz b sm pple oredi noe e news, & dat was y PEC climbed..." |
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Bon3260
Supreme |
06-Jan-2010 19:38
Yells: "Ooo Ooo Aaa Aaa!" |
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PEC GROUP AWARDED US$174.5 MILLION OIL TERMINAL PROJECT WORKS IN MALAYSIA Singapore, 6 January 2010 – PEC Ltd. companies and joint venture company, the “Group”), a homegrown plant and terminal engineering specialist which provides project works and maintenance services to the oil and gas, petrochemical, oil and chemical terminal and pharmaceutical industries in Asia and the Middle East, announced that PEC’s subsidiary, Audex Pte Ltd had signed a contract worth US$174.5 million (or approximately S$245 million) with ATT Tanjung Bin Sdn Bhd (“ATB”), to provide EPC works for an 841,000 cubic metre oil terminal for the storage of fuel oil, middle distillates and light distillates. The oil terminal is located at Tanjung Bin within the Iskandar Development Region (Johor, Malaysia). The EPC works are expected to be completed by March 2012. ATB is 100% owned by Asia Tank Terminal Limited (“ATTL”), a joint venture company between Vitol Tank Terminals International B.V. (part of the Vitol Group) and MISC Berhad (maritime transportation and logistics provider). ATB will undertake the design, construction and operation of the oil terminal. Commenting on the new project, Mr Robert Dompeling, Group Chief Executive Officer of PEC said, “This win is an important and significant milestone for PEC Group. The project in Tanjung Bin will strengthen our excellent track record in EPC works for major terminal projects and will open up further opportunities for us in the oil and gas sector. Going forward, we will continue to pursue new business opportunities in Asia, the Middle East and other locations to leverage on the opportunities in the oil and gas, petrochemical, oil and chemical terminal, as well as pharmaceutical industries.” Barring any unforeseen circumstances, the Company expects a positive contribution to its earnings and financial performance for the financial year ending 30 June 2010 from this contract. (“PEC”, and together with its subsidiaries, associated2 -End- About PEC Ltd. Founded in 1982 and headquartered in Singapore, PEC is a plant and terminal engineering specialist which provides project works and maintenance services to the oil and gas, petrochemical, oil and chemical terminal and pharmaceutical industries in Asia and the Middle East. The Group’s project works are currently being carried out mainly in Singapore, Malaysia, Thailand, Indonesia, Vietnam, the PRC and the Middle East while its maintenance services are currently being carried out in Singapore and the PRC. PEC has fabrication facilities in Singapore, Malaysia, Indonesia, Thailand and the PRC. PEC was listed on the Main Board of the SGX-ST on 7 August 2009. In the SIAS Investors’ Choice Awards 2009, PEC won the “Most Transparent Company Award 2009” in the New Issue Category. Issued for and on behalf of PEC Ltd. Media Contact Weber Shandwick Worldwide Gerry Wong Tel: +65 6825 8069, Mobile: +65 9247 4963, Email: gerry.wong@webershandwick.com Sabrina Chua Tel: +65 6825 8010, Mobile: +65 9669 5590, Email: sabrina.chua@webershandwick.com The initial public offering of the Company was sponsored by DBS Bank Ltd (the ‘Issue Manager’). The
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Bon3260
Supreme |
06-Jan-2010 16:25
Yells: "Ooo Ooo Aaa Aaa!" |
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Wow!!! |
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Bon3260
Supreme |
29-Dec-2009 17:18
Yells: "Ooo Ooo Aaa Aaa!" |
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Today Cheong +0.15... Gd job! ('',)
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Bon3260
Supreme |
29-Dec-2009 08:36
Yells: "Ooo Ooo Aaa Aaa!" |
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PEC Cheong Ah!!! | ||||
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tradersgx
Veteran |
30-Nov-2009 00:35
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FIRST QUARTER FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2009 PEC LTD reported a -4% in revenue to $106.9 S$million (Q on Q revenue of $111.2 S$million) and +19% in net profit to $7.3 S$million (Q on Q net profit of $6.2 S$million) http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E6B66C7EB8BCBFC54825766A000EB84F/$file/1st_Quarter_FS_10Nov09.pdf?openelement A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the Group operates and any known factors or events that may affect the Group in the next reporting period and the next 12 months. As at 31 October 2009, The Group’s order book for on-going and new project works was approximately S$ 170.0 million. A substantial part of these on-going and new project works are expected to be completed and recognised as revenue in FY2010. The outlook for FY2010 continues to be challenging, as the industry had experienced some deferment of project investments in FY2009 due to the economic slowdown. However, the Group has not experienced any cancellation or postponement of its existing contracts and with the gradual recovery in the global economy, the Group has in fact been receiving enquiries from existing and potential new customers. With a combination of a strong balance sheet and a proven business model, the Group is in a good position to leverage on these opportunities as and when they materialize. |
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tonylim
Master |
28-Nov-2009 15:33
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Did anyone took heed of this stock. Should be touching 70 cents anytime soon. TP is 88 cents
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