Technics - a potential laggard in O&M rally?

More
12 years 9 months ago #8271 by el15
oil & gas plays have rallied a lot. Sembmarine, KepCorp, Ezra went up 31%, 17% and 39% respectively. However, Techinics (a Singapore company with mkt cap of $200m) which appreciated about 5% year to date and gives about 7% dividend yield seems to be a laggard. Ave analyst target price is $1.29 vs Friday’s closing price of $0.900. Current order book is at an all time high at S$141m, out of which an estimated 70% are higher margin contract engineering projects (GM:35-38%). The main bulk of the order books is likely to be recognised this year, translating to a potential record year. Analysts expect Technics to give out about 6-8 Sg cents for the whole of this year. Insiders have been buying back 2.3m shares in Dec @an estimated price of 0.845 and about 1.5m shares @$0.870 (rough estimation).
Caveat emptor. Not an inducement to buy, sell or hold. Pls view the full writeup + STI outlook here
www.ernestlim15.blogspot.com/2012/02/sti-week-ahead.html
All the best in your trading and investing.

Please Log in or Create an account to join the conversation.

More
12 years 7 months ago #8712 by Dongdaemun
Technics’ 51%-owned subsidiary, Norr Systems, awarded contract for turnkey construction worth S$13.1 million. As this is a subsidiary, Technics will book half of that = $6.68 m.

With a strong dividend yield of 9%, the stock is looking attractive. Unfortunately, am not vested. Will jump in if it falls to 88 cents.

Please Log in or Create an account to join the conversation.

Time to create page: 0.186 seconds
Powered by Kunena Forum
 

We have 2342 guests and no members online

rss_2 NextInsight - Latest News