| Latest Forum Topics / Hiap Seng |
 Post Reply
|
|
GOOD SHARES IS WORTH WAITING
|
|
|
dylanloh
Member |
22-Nov-2007 12:55
|
|
x 0
x 0 Alert Admin |
"1H 07 net profit decreased 48 % compared to last year, ?!!!!!!! what a surprise... no wonder the price drops nearly 50 % from 52 week" Seems the "market" already knows of the bad result. Shareholders are changing hands; probably effecting the management. Regardless this is not a small company and potential is there. Must wait till prices are low enough and changes settle down.. Positive people looks as a opportunity. What matters is the Price and Time to enter. |
| Useful To Me Not Useful To Me | |
|
Forglory
Member |
22-Nov-2007 09:30
|
|
x 0
x 0 Alert Admin |
is the worst over yet? |
| Useful To Me Not Useful To Me | |
|
|
|
|
co2oo7
Member |
21-Nov-2007 23:18
|
|
x 0
x 0 Alert Admin |
me cut loss at 0.77, buy @ 0.84 |
| Useful To Me Not Useful To Me | |
|
yansze
Member |
21-Nov-2007 20:24
|
|
x 0
x 0 Alert Admin |
Me too! The subject is misleading "GOOD SHARES IS WORTH WAITING" and with their recent result, not sure is this really a good share. |
| Useful To Me Not Useful To Me | |
|
Manikamaniko.
Master |
21-Nov-2007 20:23
|
|
x 0
x 0 Alert Admin |
It's not only this counter alone... Many other counters are also down to half-price! ... real bad...  |
| Useful To Me Not Useful To Me | |
|
|
|
|
dylanloh
Member |
21-Nov-2007 20:14
|
|
x 0
x 0 Alert Admin |
Me too.. I go in 0.825 and 0.810. Sigh.. lose alot of money. Can come back when things are clear.. |
| Useful To Me Not Useful To Me | |
|
andylow
Member |
21-Nov-2007 18:11
|
|
x 0
x 0 Alert Admin |
Me went in at 0.77 and today is already 0.535.. no money to average also liao! wonder what is really happening to this counter. Even before this correction it has been bearish everyday.. |
| Useful To Me Not Useful To Me | |
|
skyrunner
Member |
21-Nov-2007 11:44
|
|
x 0
x 0 Alert Admin |
of course for us is little. fro a $1000 share $20 only .. but for ppl getting it now $500 share can get $20 leh. but no money to really avergae alot liao... at least i can get 2k better than nothing. juz imagine i park in a low interest rate bank lor |
| Useful To Me Not Useful To Me | |
|
|
|
|
Forglory
Member |
21-Nov-2007 11:21
|
|
x 0
x 0 Alert Admin |
The dividends is kacang putih lah...only 0.02cents, how to survive? |
| Useful To Me Not Useful To Me | |
|
skyrunner
Member |
21-Nov-2007 11:09
|
|
x 0
x 0 Alert Admin |
me too! got it at $1.14 lor! I asked brokers from many firms! All said this is a good company! But dunno what happen! all got no idea. I guess hor, one day sure will go up one la. I will buy some to average up too... Console yrself by thinking of the dividends lor. I got 100 lots... At most i keep it for few years. dun believe wun go up! |
| Useful To Me Not Useful To Me | |
|
Forglory
Member |
21-Nov-2007 11:08
|
|
x 0
x 0 Alert Admin |
I went in at 0.65, but didn't sell when it went to 1.20, because thought it was a good counter, now kicking my ass... |
| Useful To Me Not Useful To Me | |
|
Z040069
Member |
21-Nov-2007 11:01
|
|
x 0
x 0 Alert Admin |
Me too. Went in at $1. now only half price. Guess my only option is to average down and hope it picks up soon. This is the most disappointing counter i have ever had. |
| Useful To Me Not Useful To Me | |
|
|
|
|
Forglory
Member |
21-Nov-2007 10:35
|
|
x 0
x 0 Alert Admin |
Ya man, major losses for this counter for me...what in the world happened...super disappointed... |
| Useful To Me Not Useful To Me | |
|
ygc91285
Member |
21-Nov-2007 09:15
|
|
x 0
x 0 Alert Admin |
I made some losses based on their so called attractive research report too. But sold the counter after making some 10% losses. Now is down at -30%!!!! The analyst is on my blacklist by now. |
| Useful To Me Not Useful To Me | |
|
jackjames
Elite |
20-Nov-2007 22:36
|
|
x 0
x 0 Alert Admin |
what a bullshit report from phillip securities, one day they can write Target Price $ 1.20 , now they say Target Price $ 0.58... they should do more studies before posting any target price in the future, cannot be too far off right.... nearly get trapped last time because of attractive report.. |
| Useful To Me Not Useful To Me | |
|
Pinnacle
Master |
20-Nov-2007 22:15
|
|
x 0
x 0 Alert Admin |
Phillip Securities - Hiap Seng Engineering Limited (?Hiap Seng?) announced on 14 November 2007, a net profit of S$3.89 million for the half year ended 30 September 2007, with a 13.10% increase in the Group?s turnover of S$96.83 million. Downgrade to HOLD. With a revised 10x P/E pegged to FY2008 earnings, our fair value estimate has decreased from S$1.20 to S$0.58, leading to a 1.69% potential downside from the last traded market price. Our negative view is based on the Group?s 1HFY2008 financial performance. Increased costs and expenses. Though the Group has reported revenue growth of 13.10% on a half yearly-on-half yearly basis, their gross profit margin has declined from 17.43% to 11.11% due to the high employee turnover in the compression and process equipment fabrication segment of their business. In addition, their net profit after tax has declined 47.89% from S$7.48 million to S$3.90 million in the first half of FY2008. This resulted in a 4.72 points decrease from 8.74% to 4.02% in their net profit margin, brought about not only by the loss on the deemed disposal of shareholdings in HS Compression and Process Private Limited (?HSCP?) upon the issuance of 187,500 new shares to TC Project Consultancy Limited (?TG Project Consultancy?), as announced on 18 September 2007, but also a S$0.80 million settlement fee for a claim of S$1.40 million lodged by one of the Group?s customers with regards to an alleged delay in the execution of a project. Bullish oil outlook, but uncertain company performance. Following on from the initiation report on 13 September 2007, oil prices continued to rise above US$70 per barrel and broke the US$90 per barrel mark. According to the Energy Information Administration (EIA), rising oil prices equate to higher margins and differentials. Hiap Seng serving the direct players in the industry like Exxon Mobil should be the next beneficiary in line. However, in view of the lacklustre financial results from the Group, we believe that more should be expected from the management to renew our confidence. |
| Useful To Me Not Useful To Me | |
|
jkbk007
Senior |
14-Nov-2007 20:55
|
|
x 0
x 0 Alert Admin |
I had thought that this is a good company worth investing. I am surprised at the drastic drop in net profit especially with the reported lower margin. I could not see how margin could change so quickly given the rosy market. Makes me wonder if the company had previously manipulated its previous quarter report with super good result and big dividends. Not vested and thumbs down for the company management. |
| Useful To Me Not Useful To Me | |
|
jackjames
Elite |
14-Nov-2007 16:51
|
|
x 0
x 0 Alert Admin |
1H 07 net profit decreased 48 % compared to last year, ?!!!!!!! what a surprise... no wonder the price drops nearly 50 % from 52 wekks high.. hmmm.... not vested, I really need to put my hard earn money at the piggy bank now ... |
| Useful To Me Not Useful To Me | |
|
Forglory
Member |
14-Nov-2007 16:07
|
|
x 0
x 0 Alert Admin |
Still think that Hiap Seng is one for the future... |
| Useful To Me Not Useful To Me | |
|
Happyseah
Senior |
14-Nov-2007 10:05
|
|
x 0
x 0 Alert Admin |
Hiap Seng Engineering (S$0.625) - 1HFY08 results - Murky near-term outlook Hiap Seng?s 1H08 core net profit of S$4.6m (-39% yoy) was 46% below our expectations on slower-than-expected revenue and lower-than-expected margins from the gas compressor segment. Order book, however, remained stable at S$210m. We have cut our forecasts by 19-22% for FY08-10 to reflect the lower margins for gas compressors and slower contract wins ahead. Our target price has been lowered to S$0.71 from S$1.20, now based on 11x CY08 revised earnings (from 15x previously). We recommend investors to switch to Rotary Engineering for exposure to the oil and gas EPC sector, driven by Jurong Island expansion and a boom in the Middle East. Downgrade Hiap Seng to Neutral from Outperform. |
| Useful To Me Not Useful To Me | |