Latest Forum Topics / Kori Last:0.178 -- |
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Competitor of Yongnam
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ozone2002
Supreme |
06-Aug-2013 09:34
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quiten down after UOB highlighted this stock quiet periods are good  for accumulation |
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ozone2002
Supreme |
05-Aug-2013 10:15
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“During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.” - Peter Lynch Once you have struck gold (found a good fundamental  company that is not in the spotlight) you just have to wait for the gold rush (herd comes in) gd luck dyodd  |
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edwinjup
Master |
05-Aug-2013 09:36
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Picked up some..hope vectorvest buy call is chun.....
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ozone2002
Supreme |
01-Aug-2013 14:23
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Last:0.43     Vol:27k - interests has died down..now is the best time to pick up some.. valuation 5.5x PE2014..still cheaper than yongnam gd luck dyodd |
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edwinjup
Master |
31-Jul-2013 06:50
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May pick up some today as my vectorvest still rated a good buy...will be a hit and run investment...
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edwinjup
Master |
29-Jul-2013 10:34
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Recently big boss unload around twenty percent around 32cents to a group of investors..just wanna who are them..and when they wan to unload to.market..given.a small listing..bb can easily determine what price they wan...i love to invest in this counter and hope bb can cook.more story..but ....risk is high now...so better play safe..avoid first | ||
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ozone2002
Supreme |
29-Jul-2013 09:42
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moving up after recommending this over yongnam last week :) gd luck dyodd Last:0.46     Vol:3917k     ![]()
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ozone2002
Supreme |
26-Jul-2013 14:38
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Kori Holdings (KHLL SP) BUYShare Price S$0.43Target Price S$0.60Upside +39.5%Company Description Kori Holdings provides civil/structural engineering and infrastructural construction services as a sub-contractor for commercial, industrial and public infrastructural construction projects. GICS sector Industrials Bloomberg ticker: KHLL SP Shares issued (m): 99.2 Market cap (S$m): 42.7 Market cap (US$m): 33.7 3-mth avg t'over (US$m): 0.1 Underground Specialist Valuation/Recommendation on 5.5x 2014F PE. local construction scene. Its strategic relationships with both foreign and local contractors have ensured consistent contract wins. With an established track record and the upcoming railway lines fully underground, Kori has surfaced as one of the major beneficiaries in Singapore’s construction boom. Valuation is underpinned by a strong net cash of 14 cents/share (or 32.5% of market cap). Initiate coverage with a BUY and target price of S$0.60, basedKori is an emerging underground specialist in theInvestment Highlights main contractors, Kori has an impressive contract wins for all three stages of the DTL. With plans to apply for a higher category accreditation from the Singapore Structural Steel Society, this may increase Kori’s chances of award wins and boost its earnings. Established track record. Through its strategic relationships with announced works on a master plan for underground space. With the Eastern Region Line (ERL) and the Thomson Line (TSL) already expected to be completely underground, we believe the growing interest in underground infrastructure will boost tunneling services’ earnings. As one of Singapore’s few tunnel boring specialists, Kori’s tunneling services’ revenue and gross profit grew at a 3-year (2009- 12) CAGR of 32.9% and 17.7% respectively. A growing niche. In Jan 12, the Ministry of National Development IPO, Kori’s net cash improved to 14 cents/share (or 32.5% of its market cap) as at 31 Dec 12. Despite the absence of a dividend policy, a strong free cash flow and earnings (2012: EPS of S$0.08) make Kori more than capable to pay out generous dividends without jeopardising future growth. Based on our conservative 25% dividend payout forecast for 2013, this will translate to an attractive dividend yield of 5.4%. Solid fundamentals. With the huge cash proceeds from its recent industry, b) an increase in the foreign worker’s levy, and c) steel prices Key risks include: a) the reliance on Singapore’s constructionPrice Chart Source: Bloomberg Analyst Loke Chunying +65 6590 6637 cyloke@uobkayhian.com Key Financials Year to 31 Dec (S$m) 2011 2012 2013F 2014F 2015F Net turnover 34.7 52.9 64.1 74.8 87.4 EBITDA 7.2 9.9 11.5 13.7 15.8 Operating profit 7.1 9.8 11.1 13.1 15.3 Net profit (rep./act.) 6.0 7.9 9.2 10.8 12.7 EPS (cent) 924.5 7.9 9.3 10.9 12.8 PE (x) - 5.4 4.6 3.9 3.4 P/B (x) - 1.2 1.0 0.9 0.7 Dividend yield (%) - - 5.4 6.3 7.5 Net margin (%) 17.3 14.9 14.4 14.5 14.6 Net debt/(cash) to equity (%) (26.2) (40.6) (31.3) (33.2) (34.4) Interest cover (x) net cash net cash net cash net cash net cash ROE (%) 28.7 22.5 22.0 21.6 21.4 Source: Kori, Bloomberg, UOB Kay Hian
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ozone2002
Supreme |
26-Jul-2013 14:35
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any insights on this? saw a UOB analyst report, seems like it's biz is much better than yongnam   |
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