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CSC - Construction sector
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ROI25per
Master |
31-Jul-2009 09:31
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22 is the downtrend line, if break this, very bullish |
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ROI25per
Master |
31-Jul-2009 09:14
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cheong ah..... it hit 21 |
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aleoleo
Master |
31-Jul-2009 09:13
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ho sei, congrats to those who vested, cheers |
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ROI25per
Master |
31-Jul-2009 08:51
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20 here we come, cheong ah......... |
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TonyGan
Senior |
30-Jul-2009 16:24
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so much resistance @ 19; feel like taking profit??? |
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aleoleo
Master |
30-Jul-2009 09:20
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this stock is quite sustainable at 0.185, but hardly to move further in this kind of market .... unless got ppl goreng and push it up |
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ROI25per
Master |
30-Jul-2009 09:18
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hopefully by 17 aug it will reach my target, then i will have my dividend also |
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allantanhc
Veteran |
29-Jul-2009 16:01
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Worth holding on. I still target for 22 cents. |
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ROI25per
Master |
29-Jul-2009 14:59
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my target is 20, not so optimistic as @ 29; maybe for long term |
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jayree
Member |
29-Jul-2009 14:38
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Hi... went in at .18cents. Hope I made a good call. With the buy rating and all, hopefully don't have to wait till 2010 to reach .20 cents. What do you think? Thanks |
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ROI25per
Master |
29-Jul-2009 13:57
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CSC Holdings: Solid Foundation (INITIATING COVERAGE - BUY\S$0.185\Target S$0.29) Selena Leong (62323898, selena.leong@dmgaps.com.sg) CSC Holdings, Singapore’s largest piling contractor, have seen better days. Its order book currently stands at S$110m, which appears to be anaemic compared to a record S$448m during the mega infrastructure boom in 2007. But things seem to be turning around, as the taps for government contracts are being turned on. We estimate orders to more than double by FY11, which should set the stage for a re-rating of the stock. Moreover, its valuation, at 9.1x FY10 P/E, is attractive compared to its historical average of 16.6x. Initiate with BUY. Major contracts in the offing. We expect CSC to bag some S$213.5m in piling contracts for at least three major projects, namely the MRT Downtown Line II, Marina Coastal Expressway and the Singapore Sports Hub by FY11. In addition to the public projects, there are many residential projects slated to be offered in the coming two years, a result of a massive number of en-bloc sales done in 2007. Many projects were delayed in 2008 due to the tepid economy, but the recent buying frenzy has prompted developers to launch their projects, opening up opportunities for CSC. High probability of project wins due to size, expertise. We believe that CSC has a better shot at winning the bids, given that it is the region’s largest foundation player with a fleet size that is twice that of its nearest competitor in Singapore. It is also the only domestic player to offer the complete range of piling solutions. These give it the advantage of being able to target projects that are more complex, which typically commands higher margins. Initiate with a BUY. We believe that the inflow of the government’s mega projects would create an upswing in earnings momentum for CSC from 2010. Thus, we have ascribed a P/E of 12x FY11 earnings, the level it was trading at in 2005 just before its earnings recovery. This works out to a target price of S$0.29. Initiate coverage on CSC with a BUY rating. FYE Mar (S$m) FY07 FY08 FY09 FY10F FY11F Turnover 126.7 483.7 568.1 457.3 503.0 Net Profit 8.6 43.2 40.2 24.8 29.2 % chg YoY 127.6% 400.2% -7.1% -38.2% 17.7% EPS (in S¢) 0.9 3.9 3.4 2.0 2.4 DPS (S¢) 0.0 1.1 0.6 0.6 0.6 Div Yield (%) 0.0% 6.1% 3.2% 3.2% 3.2% ROE (%) 12.6% 40.3% 27.6% 14.5% 15.3% ROA (%) 5.6% 15.8% 10.7% 6.3% 7.2% P/E (x) 21.3 4.8 5.5 9.1 7.8 P/B (x) 2.2 1.6 1.4 1.3 1.1 Source: Company and DMG estimates |
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TonyGan
Senior |
29-Jul-2009 12:21
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good support 18.5 |
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aleoleo
Master |
29-Jul-2009 08:10
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this is not a new news, few days ago liao ... seems like this counter is stagent there for quite a few days without up and down, 0.185 .... when will it start to awake again le .... |
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infoshare
Member |
29-Jul-2009 00:28
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CSC WINS PRESTIGIOUS FASTEST GROWING 50 AWARD SINGAPORE, 20 July 2009 – Foundation and geotechnical engineering specialist, CSC Holdings Limited (SGX: C06) has been certified as one of Singapore’s 50 fastest growing companies, by DP Information Group, a leading provider of business and credit information. CSC was ranked against more than 8,000 companies in Singapore, and was one of the top 50 recipients to receive this certification award at a ceremony held at The Ritz Carlton Millennia Hotel last Friday. The “Fastest Growing 50” (“FG50”) certification is awarded only to the top 50 and top most dynamic companies who have consistently achieved outstanding corporate growth. To be considered for the FG50 list, a company must have at least 10% revenue growth every year for the last three years and be profitable for each of these years. |
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senecus
Veteran |
28-Jul-2009 23:43
Yells: "Market Fortune Telling - Senior MFT" |
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Hmmm......I will go in then. 
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TonyGan
Senior |
28-Jul-2009 21:18
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u jump in, price go down. u jump out, price go up |
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senecus
Veteran |
28-Jul-2009 20:14
Yells: "Market Fortune Telling - Senior MFT" |
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Right time to jump in...???...many asked...many didn't go in...price keeps surging...many didn't ask...many jumped in...many happy...many sad...many happiness comes from many sadness...are you one of the many...many... |
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ROI25per
Master |
28-Jul-2009 09:22
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20 possible today? |
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ROI25per
Master |
27-Jul-2009 20:57
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tax exempt one-tier final dividend of 0.37 cents per ordinary share The Corporate Office, Singapore 068906, up to the close of the business at 5 p.m. on 17 August 2009 will be registered to determine shareholders’ entitlement to the final dividend which will be paid on 28 August 2009. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2878F66F9F30B6F1482575FD00335441/$file/CSCHL_Results_of_12AGM_EGM.pdf?openelement |
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allantanhc
Veteran |
27-Jul-2009 15:46
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It is a strong breakout today. I think it will go to test resistance at 22 cents. |
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