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Expansion Plans
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ghpreal
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17-Apr-2007 14:44
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Kian Ann price is moving now. I believe still not too late to buy. Been holding this baby for quite a while. Hoe leong had moved pass 37 cts this one will also move pass 30cts Vested n happy awaiting . |
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victor_lee
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11-Mar-2007 18:28
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2 directors bought shares from open market on 05/06 March before the ex-div date. |
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huatchai
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13-Feb-2007 18:17
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tats good news. hope tuntan is right. however, the bosses may be of traditional mentality (old towkay mentality) and want to keep the properties as they are currently enjoying rental income fm it. unless they need the cash for expansion. anyone knows their standing as compared to hoe leong since they r competitors? | |||
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crumbs
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13-Feb-2007 09:50
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Tuntan, agree with you. Also, the interim dividend is due to their strong financial position and bright outlook going forward. Kian Ann's price is set to appreciate higher in the coming days! | |||
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tuntan8888
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13-Feb-2007 08:11
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Interim div of $6 per lot is only a starter (vs. zero previous yr). I'm looking to more div payout in final announcement. Hasn't taken into account huge potential in their premise located opposite Sgp Expo - huge 5-storey building sitting on 165k sq ft of land that is on 30 yr lease + option to extend another 30 yrs (total 60 yrs from 1997). If mgt decide to sell it to REIT, could reap handsome profits & special div for shareholders. |
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crumbs
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13-Feb-2007 00:31
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Kian Ann looks poised to cheong with good profits reported, an expectation of even better performance in the coming months and the 1st time ever interim dividend being paid to boot!  Quote:
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tuntan8888
Senior |
12-Feb-2007 21:20
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Good 1H07 Results (released after mkt closed):
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crumbs
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12-Feb-2007 14:45
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ghpreal
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09-Feb-2007 20:53
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Crumbs, I agree with you. Vested at 0.235 Looking forward for the price to surge up soon. Others may want to consider this counter since price is still low.. |
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crumbs
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09-Feb-2007 16:34
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For similar companies like Kian Ann the PE ratios are as follows: 1) GuangXi Guiliu (China) 13x PE 2) Hitachi Machinery (Japan) 46x Pe 3) Jisung Tec (Korea) 10.5x PE 4) Terex Corp (US) 23x PE 5) Wajax (Canada) 17x PE The sector average would be 22x PE but if Hitachi (which has market cap of S$4bn) is excluded, the average would be 16xPE. Therefore Hoe Leong (sg) is pretty in line but not Kian Ann (sg). Kian Ann's anomaly (i.e. trade at a discount to industry average) will not go unnoticed soon. |
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crumbs
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09-Feb-2007 16:32
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Kian Ann's fortunes is closely tied to the construction sector. With this sector booming, Kian Ann's share price can only go higher and higher. Also, it has recently formed a new subsidiary in the "highly lucrative" auto parts business. Things are indeed looking up for Kian Ann. Even its PE is undemanding. Do consider Kian Ann for fundamental play 
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crumbs
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07-Feb-2007 16:20
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Have a look at Kian Ann's corporate announcements and you can see their customer base. I like this counter because besides having exposure to the local construction sector, it has a global customer market base. |
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huatchai
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07-Feb-2007 14:31
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when you say lucrative parts biz, how lucrative is this? i am afraid it could be very competitive. i feel unless they are able to expand into the fast developing countries such as India and Vietnam on top of their initial foray into China will their growth in earnings soar. but hopefully it can hit 60cents soon. good luck. | |||
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crumbs
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07-Feb-2007 12:15
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During 1999 when construction activity was booming, Kian Ann was trading well above the 60cts range. Now we have the 2 IRs, public infrastructure development, private and public residential and commercial construction activity coming up as well for the next few years. Plus with steady annual dividends and now just recently announced new subsidiary in the lucrative parts business for commercial and industrial vehicles, Kian Ann's share price will indeed be going places soon. | |||
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huatchai
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07-Feb-2007 12:06
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yeah guess so. but taking a look at the BOD and mgt team, all look quite old. have to inject new blood? but have to agree co doing well and offer steady dividend. | |||
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crumbs
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07-Feb-2007 11:56
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I think the earnings growth potential is very high, especially with the rebound in the construction sector, not just in Singapore but in this part of the region. Also, they now have more synergy in their most recent incorporation of a subsidiary. Looks good and there is very little resistance going forward in their share price. | |||
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huatchai
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06-Feb-2007 16:22
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I read somewhere in this forum that there maybe a possibility of them selling their building to a REIT. Thus, got upside potential. Not much trading volume so far. What do u think of its earning growth potential? |
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crumbs
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06-Feb-2007 00:41
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This counter is poised to surge as it is a main beneficary of the recovering construction sector. It has not surged yet like the construction counters and has no sand issue to speak of. Kian Ann Engineering has also consistently paid out dividends every year. Grab now before the price surges up way high
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victor_lee
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05-Feb-2007 22:40
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Looks like a value play for the crane/hvy eqpt industry which are expected to do well for the coming few years as S'pore construction industry recovers. |
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