JEP to rally ... $0.063 target

At first blush, JEP's 1H2013 profit looks inspiring. S$2,433,000 profit from continuing operations versus ($209,000) in 1H2012.

But the profit was boosted by a one-off item. It's important to see how the core operations have done in 2H2013. The optimism in the share price rally in the past week will be tested in a matter of weeks when the 2H results are released.

Nice to see it steady at 5 cents.

Sharing pix from visit to JEP's plant in Changi South yesterday (Jan 16, 2015):



Highly-automated production of engine casings for aircraft.



Soh Chee Siong - Executive Director -- explains things ...



Engine casings are made from stainless steel



Executive chairman & CEO Joe Lau



Titanium parts for landing gear system of aeroplanes precision-engineered from titanium blocks shipped from Russia.

For more on the biz, see our 2013 story: www.nextinsight.net/index.php/story-arch...nd-oil-a-gas-clients

Further information for those interested in JEP. There was a NRA research report on JEP on its 1H2014 results update : www.nracapital.com/research/sgxresearchreport/1408xtds8z

It expects a better 2H14 performance and its fair value is $0.067.