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Tat Hong Growing to a Global Player
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guoyanyunyan
Elite |
29-May-2013 10:56
Yells: "uncertainty always exist" |
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As at March 31,the company's NAV was $1.08 per share. Cash and cash equivalents held fell to $61mil. Net gearing fell to 0.71 times. It has proposed a fi nal dividend of 2.5 cents pershare. | ||||
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Octavia
Elite |
28-May-2013 22:33
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Mainboard-listed crane company Tat Hong has posted a net profit of S$18.6 million for the fourth quarter that ended March 31, 66 per cent higher than the S$11.2 million a year ago. That translates to an earnings per share (EPS) of 3.07 Singapore cents, compared with 1.96 Singapore cents from the same period in the previous year. The higher profits came about broadly from higher revenue and lower expenses, as well as increases in other operating income (including interest income), and a swing to profit for its share of joint ventures from losses a year ago. For the full year (FY13) that ended March 31, Tat Hong booked a net profit of S$70.4 million, 67 per cent higher than the S$42.3 million from the previous year. |
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guoyanyunyan
Elite |
28-May-2013 08:43
Yells: "uncertainty always exist" |
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... Married Deal: Vol: 750 Value: $1,115,250 ie $1.487 / share Prev Close: $1.480 ... | ||||
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guoyanyunyan
Elite |
13-May-2013 11:07
Yells: "uncertainty always exist" |
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Tat Hong Holdings - Expecting A Strong Finish To The YearExpect a strong finish to the year. Tat Hong will announce its 4QFY3/13 results on 28 May. We expect a strong finish to the year with 4Q revenue of SGD232m and net profit of SGD17m, up 27% and 50% yoy respectively. For 9MFY13, Tat Hong has met 73%/76% of our full-year revenue/net profit targets. We continue to see Tat Hong as the best proxy to ASEAN infrastructure and Australia oil& gas sector play. Reiterate BUY with target price SGD1.78. Main growth drivers remain. Crane Rental and Tower Crane are expected to drive the growth forecast 41% and 22% FY3/13 revenue growth in those two sectors. For Crane Rental, we expect new contracts in the pipeline to drive utilization higher. We also think rental rates have some room to be raised further. Distribution and General Equipment Rental might be affected by the subdued demand in Australia out of the resources sector but they only account for 33% of gross profit. Possible upside surprises to our FY14/15 forecasts. 1) Current utilization rate of 71% have ample headroom to improve vs peak utilization of 80%. 2) Our current low single digit rental rate increase in FY14/15 also has upside potential. 3) Further growth could come from the expansion of fleet size. Crane prices are still lagging behind the rental rate hike and the depreciating JPY will also benefit equipment buyers like Tat Hong. Better cost control than peers. Rising labour cost and shortage of crane operators are two concerns for this industry. Tat Hong has some advantage on this front partly because its bigger size helps to drive down the average labour cost. For example, the labour cost to revenue ratio for Tat Hong was only 16% in FY12 compared with 20-25% for peers, which highlights Tat Hong’s ability to generate revenue in a more cost-efficient way. More upside once short term share overhang removed. Tat Hong shares have been shorted heavily since last month after AIF converted 53m convertible preference shares into common shares. Investors worried that AIF will sell its shares in the market, which explains the weakness in share price recently. We think such potential selling will only have a short term impact on share price and in the long term, we view it positively as it will improve the liquidity of the stock. Maintain BUY. Source: Maybank Kim Eng Research - 13 May 2013 ...last done: $1.46... |
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derekchong
Veteran |
07-May-2013 12:29
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there are demand for cranes and Tat Hong the leader in this industry can benefit , getting better rental rate. final result this month and px dropping. |
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oldflyingfox
Master |
03-May-2013 16:58
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may means it faced manpower issue | ||||
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derekchong
Veteran |
03-May-2013 15:00
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Crane operators wanted for BOT programme, this counter still going down. |
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shareflux
Member |
19-Apr-2013 19:31
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seems there is a divergence between the share price and the fundamental. is Mr Market telling us something? Distribution in process? | ||||
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derekchong
Veteran |
19-Apr-2013 14:49
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this wk. down very fast, $1.305 coming. |
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guoyanyunyan
Elite |
25-Mar-2013 08:50
Yells: "uncertainty always exist" |
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... Married Deal: Vol: 502 Value: $757,016 ie $1.508 / share Prev Close: $1.505 ... | ||||
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sgnewbie
Master |
14-Aug-2012 11:20
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http://sgxreports.blogspot.sg/2012/08/tat-hong-holdings_14.html | ||||
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sgnewbie
Master |
14-Aug-2012 09:32
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http://sgxreports.blogspot.sg/2012/08/tat-hong-holdings.html | ||||
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sgnewbie
Master |
11-Jul-2012 10:13
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http://sgxreports.blogspot.sg/2012/07/tat-hong-holdings_11.html | ||||
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sgnewbie
Master |
02-Jul-2012 09:59
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http://sgxreports.blogspot.sg/2012/07/tat-hong-holdings.html |
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j3r0m3
Veteran |
30-May-2012 11:06
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http://singaporetrader.wordpress.com/2012/05/30/tat-hong-earnings-recovery-continues/ | ||||
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j3r0m3
Veteran |
30-May-2012 10:53
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http://singaporetrader.wordpress.com/2012/05/30/tat-hong-holdings-recovery-gaining-pace/ | ||||
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3110029
Member |
25-May-2012 17:13
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Yes, daily DIs r negative. But weekly still positive. Shi fu, we used daily chart to predict the trend?
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Bintang
Elite |
25-May-2012 07:43
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The negatively placed of the DIs .
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3110029
Member |
25-May-2012 05:37
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Shi fu, may I know what made u so confidence that the trend is down?
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Bintang
Elite |
24-May-2012 20:18
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The surge of Tat Hong today was due to a technical rebounce . There was a gap at $1.055 remains unfill . If it could fill the gap with weak volume , n if a bearish rising wedge is formed , then the downtrend may resume .
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