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TIME TO BUY -ACCUMULATE NOW
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787180
Master |
03-Oct-2007 11:47
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reply to osaka..U hve to include yr original first lot..hence theoretical price is divide by 4 not 3.....see my call for sinostar Yesterday I still scream buy at 76 to 78cts ..one old bird jeered at me...today is now 85.5-86cts..never underestimate this counter now that the contra over new batch of contra or shortist will come into play bearing in mind last wed 26Sept was its debut..will cross $1 in less than 1 mth may even surpass Uniasia superb performance...hurrah :P..see |
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osaka_teddy
Member |
03-Oct-2007 11:31
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Correct me if i'm wrong 1 for 3 share split, isn't it for every 1 share it is split into 3 parts? it should be 90/3 =30cents i guess |
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lc8888
Member |
03-Oct-2007 10:33
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any idea when is the share spilt effective ? thanks | ||||||||||
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787180
Master |
03-Oct-2007 10:30
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Ok to buy at this level,Chinton86..89.5-90.5cts because when approved will not be at this level anymore..don't wait till approved buy now is the strategy..even after ex-all about 23cts ( 90.5 / 4 )....still cheap.... | ||||||||||
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chinton86
Veteran |
02-Oct-2007 19:22
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i mean 0.905 | ||||||||||
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chinton86
Veteran |
02-Oct-2007 19:13
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Seems like i'm the dumb ass who keep buying Beng Kuang at 0.95 |
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hmm3101
Member |
02-Oct-2007 15:32
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Hi 787180, Glad to know you're vested in this counter. I'm very tempted by the stock split. Waiting for pull back b4 going in. Happy vesting to you. |
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787180
Master |
02-Oct-2007 10:51
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Congrats Curio40..U bought cheaper..now that 90cts is breached...positive uptrend is intact..buy still ok...just when U thought it was high it will go higher..it has gone back to July 30 level at 90.5..came down from $1.05 on 8th July...accumulate now and hold instead of engaging in and out so stressful for other speculative stocks | ||||||||||
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787180
Master |
28-Sep-2007 19:27
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EGM late Oct or mid Nov...after EGM normalyy about 2 weeks later book close..ie about 1 week the shares will be traded cum..ie u will expect the price to spike upwards | ||||||||||
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loyfam88
Senior |
28-Sep-2007 15:04
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When do you think the EGM approval will come through? |
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787180
Master |
28-Sep-2007 14:47
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The Juitina gals and guys are dancing over their extraordinary gains...
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loyfam88
Senior |
28-Sep-2007 10:49
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I am a greenhorn when it comes to share split. Can you pls advise how can one make from such split. |
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787180
Master |
28-Sep-2007 10:32
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Beng Kuang proposes 1-into-3 share split
BENG Kuang Marine is proposing a share split of each ordinary share into three shares. The company believes that the proposed share split will further improve the market liquidity of the shares over time as the reduced price of each board lot will make the shares more accessible and attractive to both existing and potential investors. The company also said that net profit attributable to equity-holders rose 72 per cent to $1.6 million for the second quarter ended June 30, 2007, while revenue rose 66 per cent to $29.8 million.       
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787180
Master |
27-Sep-2007 23:23
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quote=investment;3218]BENG KUANG, dbs put new rating BUY with target price $1.10
- Story Beng Kuang Marine (BKM) is primarily engaged in the business of providing corrosion prevention and infrastructure engineering services to the marine, offshore, and oil and gas industries. They also supply and distribute over 300 types of hardware equipment, tools and other products under their house brand Master". - Point We expect BKM's three strategically integrated business divisions to benefit from the booming industry outlook, and its parent company Labroy Marine's strong expansion plans. Specifically, the building of more rigs and offshore vessels will generate more outsourcing projects for BKM's fast emerging infrastructure engineering business and higher activities for its provision of hullside corrosion prevention services. - Relevance We predict BKM's net profit CAGR in the FY07-09 forecast periods to be 41%, attributable to high-double digit revenue growth and better operating leverage. We value BKM at 16x FY08 PER, which gives a fair value of S$1.10. We initiate coverage on BKM with a BUY rating. - BKM to benefit from Labroy's venture into offshore market. Labroy has secured newbuild contracts for four jackup rigs and two heavy lift jack-up vessels. We expect BKM to benefit significantly from Labroy's venture into the offshore sector, through 1) the proximity of its infrastructure engineering facilities to Labroy's yards in Batam, 2) its established business relationships with Labroy for its three business divisions, and 3) Labroy's 38% stake in BKM which provides financial incentives given that profits flow back to the parent company. - Infrastructure engineering business not solely dependent on Labroy. BKM is already actively increasing its capacity to ride on the growth of other rig and offshore builders in the region, like Keppel Corp. BKM has spent S$1.87m to purchase a 30-year leasehold waterfront land from the local authority, with waterfront of approximately 350 metres. BKM will develop the 32.8 hectares of land to more than quadruple the current capacity of its Infrastructure Engineering's fabrication facilities on Batam. We believe that these new facilities will position BKM to ride on the booming offshore and marine industry in the region; as capacity is now available for BKM to handle more oilrig module fabrications. - Market leader for the provision of external corrosion prevention services. We believe that BKM is the leading provider for hullside corrosion prevention services in the region. BKM is the resident contractor for seven shipyards in Singapore, as compared with its fragmented competitors relationships with 1 to 2 shipyards each. There are typically 2-3 resident contractors in each shipyard, and BKM believes that it is the leading contractor among them with more than 50% market share in each yard. - Expect strong earnings growth ahead. We are projecting 30% revenue CAGR in our FY07-09 forecast periods; driven by across-the-board strong growth from all business divisions. The infrastructure engineering business is expected to exhibit the highest growth in our forecast periods, due to expectation of higher outsourcing orders from the regional yards. We project BKM's revenue to rise 40.9% y-o-y to S$99.4m and net profit to rise 59.6% y-o-y to S$6.1m in FY07.[/quote]... It's time to accumulate...don't wait till EGM for proposal of 1 for 3 stocksplit to be approved..sure approval...who will vote against it...thinly traded counter as CEO ,Labroy marine related parties hold > 38%..at 84cts and adjusted for the split is about 21cts...sure can make |
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