From chart gave 3 support prices 0.89, 0.845 and 0.825.
Yesterday hammer down 0.86
Vested at 0.88
Me will see 0.845 will hold or not but no hurry to average.
Don't think will fall below third support price 0.825 because...........
52-Wk Low : 0.820
52-Wk High : 1.420
If really fall below third support price then .... lets hold hands in hands group praying and sing Lemon Tree - Fools Garden.
Nam Cheong - poised to report its 'best ever quarter'
Earnings seen to surge 60% to MYR50m.
According to OSK, Nam Cheong will announce its 3Q13 results next Tuesday morning. OSK expects earnings to surge 60% y-o-y and 24% q-o-q to MYR50m for the company’s best ever quarter.
This will be largely contributed by healthy vessel sales in 3Q and a record orderbook that provides a high base for revenue recognition. These results and stronger guidance should take the stock to new heights.
Here's more:
Record orderbook and robust vessel sales. Nam Cheong (NCL) has a MYR1.7bn-strong orderbook, which provides a growing base of revenue recognition every quarter. It has sold 20 vessels YTD, just one vessel shy of matching last year’s record.
Quarterly bottomline to set new record. We expect the company to report 3Q earnings at least MYR50m, setting a new quarterly profit record. This will take the company’s 9M13 earnings to MYR127m, thus meeting 69% of our FY13F estimate.
All said, we also expect NCL to end the year with a similarly strong 4Q.
Street needs to raise estimates. Street expectations of NCL’s FY13F results range from MYR162m-188m and averages MYR173.6m. We see likely upgrades on those figures, albeit at the lower end of the range.
Results, stronger guidance may take shares to new high. NCL shares have not moved much over the last half-year although the company has continued to build value through selling more vessels.
We believe that the upcoming set of results will be a strong catalyst to spark a rally in its share price to new heights. Its management’s positive guidance might also be support the stock’s price appreciation.
SIA Engineering Company (SGX: S59), a subsidiary of Singapore Airlines (SGX: C6L), just released its latest quarter results. The company’s financial year runs from March 2013 to March 2014
SIA Engineering grew its revenue by 3.3% to S$293.9 million for the second quarter of 2014 (2Q 2014). This was mainly due to increase in airframe and component overhaul work. The operating profit, however, was down 9.8% to S$28.5 million mainly due to higher staff and subcontract services costs.
The share of profits from associated and joint venture companies surged 25.0% to $48.5 million and this accounted for 60.0% of the SIA Engineering’s pre-tax profits during the quarter. The net earnings grew 5.8% to S$71.0 million for the quarter.
For the first half of the financial year, revenue was flat at S$583.3 million and net profit went up by 2% to S$140.0 million over the previous year. The share of profits from associated and joint venture companies increased 19.4% to $94.1 million.
As of 30th September 2013, the total debt carried on the balance sheet was at S$11.5 million. The total cash hoard was at S$465.8 million.
For 2Q 2014, the company used S$31.6 million in cash flow from operations as compared to that of S$11.9 million used in 2Q 2013. For the first half of 2014, the company generated S$24.1 million in cash flow from operations as compared to that of S$42.0 million generated in first half of 2013.
An interim dividend of 7.0 Singapore cents per share was declared, which is unchanged from last year.
The company said that the performance of the company is “expected to remain stable in spite of the prevailing global economic uncertainties” and that it will remain focused on “costs, productivity improvements and growing our business.”
Grow its business, it did. Benjamin Graham said that in the short-term, the market is a voting machine but in the long-term, the market is a weighing machine. For the past five years, SIA Engineering’s share price increased by 155.6% overall. It triumphed the Straits Times Index (SGX: ^STI) by 73.6% during the same period.
The shares last traded at S$5.06. The historical PE ratio is at 20 and the dividend yield is at 4.3%.
Wing Tai Holdings Limited (SGX: W05), which has businesses in property investment and development, lifestyle retail and hospitality management in Asia, is this week’s Falling Knife. The stock fell 7.3% so far, to close at $2.04 on Thursday.
Wing Tai Holdings has been involved in residential property projects such as L’VIV, 8 Orange Grove and Kovan Melody in Singapore. It has been involved in property developments in Malaysia, Hong Kong and China as well. Under its retail business, it runs brand names that include Adidas, Karen Millen, and Dorothy Perkins.
On 7th November 2013, the company announced that it had transferred the treasury shares from its share buy-back account maintained with The Central Depository (Private) Limited for the purpose of its share option scheme. 27,500 treasury shares were transferred at the value of S$30,701.35
Earlier in the week, it was announced that Mr Cheng Wai Keung, the Chairman and Managing Director of Wing Tai Holdings Limited, was appointed as the Deputy Chairman of the Board of Directors of Temasek Holdings (Private) Limited. Temasek is an investment company owned by the Government of Singapore.
Wing Tai is currently trading at a historical price-to-book ratio of 0.56. The dividend yield is at 1.5%.
Singapore “Flyer” of the Week: Broadway Industrial
By Sudhan P - November 8, 2013
Manufacturer of precision-machined components and provider of engineered foam solutions, Broadway Industrial Group Limited (SGX: B69), steals the limelight this week after soaring 8.9% so far, to close at $0.245 on Thursday.
Founded in 1969, the company comprises of over 14 manufacturing and research facilities across China, Thailand and the USA. Broadway Industrial is one of the top three manufacturers of actuator arms and related assembled parts for the global hard disk drive (HDD) industry. Broadway boasts behemoth players in the HDD industry such as Western Digital and Seagate as its clients.
This week, the company announced its latest quarter earnings on 5th November 2013. The revenue increased 20.8% year-on-year to S$162.4 million for third quarter of 2013 (3Q 2013). The increase was driven by growth in the foam plastics division and precision components division. The latter division encompasses both the HDD and non-HDD markets. The net profit ballooned 152.1% year-on-year in 3Q 2013 to S$653,000.
On the same day of the results announcement, the company said that the proposed sale by its wholly-owned subsidiary, Compart Asia Pte Ltd, of a property located at The Central, Singapore has been completed.
The company is currently trading at four times its historical earnings and sports a dividend yield of 4%.
KrisEnergy said it recorded a net loss of US$3.6 million ($4.5 million) in the third quarter, compared with a net profit of US$681,000 a year earlier, due to lower oil and gas production.
KrisEnergy, which focuses on oil and gas exploration and production in Southeast Asia, said its revenue for the three months to Sept. 30 fell 37.1% to US$13.6 million.
The company, in which Singapore’s state investor Temasek Holdings (Private) is the second-largest shareholder with a 31.4% stake, said it will seek additional contract areas in countries where it already has operations to enhance its portfolio.
NextInsight
a hub for serious investors
Morning low 0.875
