Latest Posts By ozone2002
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| 24-Jul-2013 11:19 |
Nam Cheong
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Nam Cheong
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DBS super promoting this stock.. time to sell into strength..so many analysts upgrading TP Nam Cheong announced another round of vessel sales worth US$70.5m for 2 PSVs and 1 accommodation work barge (AWB) to be delivered between 1Q14-4Q14. The AWB was sold to a subsidiary of Malaysian contractor Perdana Petroleum, a repeat customer who had earlier bought 2 similar vessels in April 2013. 1 of the PSVs were sold to an existing Asian customer, who had earlier bought 4 PSVs in May 2013, and the other PSV was bought by new customer EDT Offshore, a specialist OSV operator based in Cyprus. Nam Cheong is well on track to achieve its sales target of 19 vessels in FY13 and 25 in FY14. Orderbook now stands at about RM1.5bn. This underpins robust net profit CAGR of 20% for the Group in FY13/14. Maintain BUY with TP of S$0.36. Expect further near term catalysts from a strong
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| 24-Jul-2013 11:16 |
Yoma Strategic
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YOMA
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DBS still advocating this 67x PE stock.. don't know what to say................................... invest at your own risk... BUY S$0.905 STI : 3,253.76Price Target : S$ 1.02 (Prev S$ 1.08) Reason for Report : Post-NDR note, results preview Potential Catalyst: Progress of Landmark project, non-property growth DBSV vs Consensus: Above Analyst TAN Ai Teng +65 6398 7967 AiTeng@dbsvickers.com Price Relative 66 266 466 666 866 1066 1266 1466 0.0 0.2 0.4 0.6 0.8 1.0 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 S$ Relative Index Yoma Strategic Holdings (LHS) Relative STI INDEX (RHS) Forecasts and Valuation FY Mar (S$ m) 2012A 2013A 2014F 2015F Revenue 39 60 99 139 EBITDA 8 13 30 45 Pre-tax Profit 6 16 29 44 Net Profit 6 14 15 24 Net Pft (Pre Ex.) 6 11 15 24 EPS (S cts) 1.1 1.3 1.3 2.1 EPS Pre Ex. (S cts) 1.1 0.9 1.3 2.1 EPS Gth (%) 117 10 6 54 EPS Gth Pre Ex (%) 142 (17) 42 54 Diluted EPS (S cts) 1.1 1.3 1.3 2.1 Net DPS (S cts) 0.5 0.5 0.5 0.5 BV Per Share (S cts) 25.7 31.3 32.1 33.7 PE (X) 79.1 71.6 67.3 43.8 PE Pre Ex. (X) 79.1 95.5 67.3 43.8 P/Cash Flow (X) 24.9 nm 11.5 19.8 EV/EBITDA (X) 59.5 75.0 35.3 20.2 Net Div Yield (%) 0.6 0.6 0.6 0.6 P/Book Value (X) 3.5 2.9 2.8 2.7 Net Debt/Equity (X) CASH CASH CASH CASH ROAE (%) 4.5 5.9 4.2 6.3 Earnings Rev (%): (16.3) (5.5) Consensus EPS (S cts): 1.2 1.6 Other Broker Recs: B: 1 S: 1 H: 1 ICB Industry : Industrials ICB Sector: Construction & Materials Principal Business: Yoma Strategic Holdings Ltd. develops real estate sells private residential properties and designs, constructs and project manages real estate developments in Myanmar and the People's Republic of China Source of all data: Company, DBS Vickers, Bloomberg Finance L.P At A Glance Issued Capital (m shrs) 1,157 Mkt. Cap (S$m/US$m) 1,047 / 831 Major Shareholders Pun Serge (%) 41.7 Capital Research (%) 7.1 Aberdeen (%) 5.4 Free Float (%) 45.8 Avg. Daily Vol.(‘000) 17,673 DBS Group Research . Equity 24 Jul 2013 Singapore Company Focus Yoma Strategic Holdings Bloomberg : YOMA SP EQUITY | Reuters: YOMA.SI Refer to important disclosures at the end of this reportLong term commitment • positioned to benefit from Myanmar’s opening but look long term Investors unanimously agree Yoma is best• FY14F/15F earnings by 16%/6% as higher costs would squeeze margins and growth Property sales remain healthy but we cut• maintain BUY with lower TP of S$1.02 No change to LT positive view on YomaKey concerns. Hong Kong, meeting 13 fund managers. Investors who are keen on Myanmar opening up mostly agreed that Yoma is a direct and liquid access to this frontier market. Discussions centered on Yoma’s property business, with key concerns being sustainability of demand and pricing, Yoma’s funding needs and its ability to execute an aggressive and diversified expansion plan. Also, the share price has more than doubled within the year and investors are apprehensive of entering at current levels, and asked about possible re-rating catalysts. We hosted Yoma on a two-day NDR inProperty sales still positive but higher expenses would squeeze growth. Yoma’s earnings growth will be reined in by slow construction in 1H14 and higher staff costs due to several managerial appointments. We raised SGA costs by 30- 40% for FY14F/15F and cut net earnings by 16%/6%. For 1QFY14, we expect S$2.8m net profit and S$24m sales. Yoma is due to report results at end July. Despite healthy property sales,Maintain BUY progress of Landmark, nonproperty developments are imminent catalysts. stock has quietened down after its failed telco bid but Yoma’s position is intact. It will continue to benefit from the larger SPA Group which has a non-sanction status and substantial exposure to quality properties which are sought after by incoming foreigners and Yangon’s growing
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| 24-Jul-2013 11:13 |
Mencast
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Cornerstone investor GAY CHEE YONG in mencast
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Mencast Holdings has won contracts worth a total of approximately S$6m from a Singapore based refinery. Effective from mid-2013 to June 2016, these contracts cover work such as maintenance, waste treatment,
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| 24-Jul-2013 09:42 |
Vard
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Vard Holdings
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Vard is the world leader in the construction of support vessels for oil and gas extraction and production. cheapest O& M stock n what's more it's the world leader in it's industry.. standby for reversal from downtrend.. i'm watching VARD |
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| 24-Jul-2013 09:23 |
Nam Cheong
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Nam Cheong
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analysts reports are out..time to sell into strength.. Nam Cheong Limited (NCL SP) BUY Price/Tgt: S$0.275/S$0.34 Mkt Cap: US$458.1m 3-mth daily volume: US$1.9m 1-Yr Hi/Lo: S$0.295/0.176 Scores with US$70m Sale of 3 Vessels Analysts: Tan Jun Da / Nancy Wei Tel: (65) 6590 6616/6628 What’s New? · Sold 2 PSVs and 1 accommodation work barge. Nam Cheong has sold 2 platform supply vessels (PSVs) and 1 accommodation barge worth a total of US$70.5m. One of the PSVs was sold to an existing customer who bought four PSVs from Nam Cheong in May 13, while the other PSV was sold to a subsidiary of EDT Offshore, a new customer in Cyprus. The accommodation work barge was sold to a subsidiary of Perdana Petroleum. · Strong orderbook underpins earnings visibility. With these contract wins, Nam Cheong’s orderbook stands at RM1.5b, providing strong earnings visibility for the next three years. · Surpassed record vessel sales in 2012. Ytd, Nam Cheong has sold 16 build-to-stock vessels worth US$311.6m, exceeding the US$293.2m worth of vessel sales in 2012 (excluding 4 build-to-order multi-purpose PSVs worth US$130m, to be recognized from 2013-15). Our Take · Brisk PSV sales mitigate oversupply concerns. Ytd, Nam Cheong has already sold 11 of its 18 PSVs under its 2013 and 2014 shipbuilding programme, easing concerns that its build-to-stock PSVs may be hit by a potential oversupply. Recently, there have been concerns that vessel class may have been over-built. Management is cognizant of potential PSV oversupply concerns but pointed out that the supply glut will mainly affect the large 5,000dwt and multi-purpose PSVs, which Nam Cheong has limited exposure to. · Beneficiary of Petronas’ aggressive capex scheme. We continue to like Nam Cheong for its leadership in a high barrier-to-entry Malaysian market (50-75% market share), which will experience a structural ramp-up in E& P spending on the back of Petronas’ aggressive capex plan. Under this scheme, the national oil company will invest RM50b-55b annually over the next five years, 35-50% higher than the 5-year average for 2007-11. Valuation/ Recommendation · Maintain BUY. Our target price of S$0.34 is based on 9.7x FY14F PE (2014F EPS: 8.8 sen or 3.5 S cents). Our target PE is 1.3SD above peers’ long-term PE mean of 7.0x, which we think is justified given Nam Cheong’s dominant 50-75% market share in a high barrier-to-entry market.
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| 24-Jul-2013 09:12 |
Nam Cheong
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Nam Cheong
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high vol today on the gd news.. good chance to sell on news..gd luck dyodd Last:0.285 Vol:9257k  +0.01
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| 24-Jul-2013 08:48 |
Nam Cheong
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Nam Cheong
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diam diam cheong! :) one risk that nam cheong has is they pre build before orders come in.. so they may get stuck with lot of inventories if orders do no come flowing in.. but for now seems like orders are streaming in.. gd luck dyodd
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| 23-Jul-2013 11:51 |
Yamada Green Res
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Yamada-Since it IPO at 0.22c-good response
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Last:0.255 Vol:2571k +0.0050
past few days got activity..at least 2 million done |
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| 22-Jul-2013 16:26 |
Vard
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Vard Holdings
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Time: 3:51PM Exchange: SGX Stock: Vard Holdings(MS7) Signal: Support - Broken with High Volume Last Done: $0.765
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| 22-Jul-2013 13:25 |
Vard
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Vard Holdings
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this one sexy italian nurse also cannot resusitate back to life.. maybe get hot indian mama? :) have to wait for reversal before jumping in.. now just bleeding profusely.. |
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| 22-Jul-2013 13:22 |
Nam Cheong
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Nam Cheong
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DBS advocating this stock which in my opinion is an undervalued gem based on the fundamentals DBS TP is $0.36 Last:0.28 Vol:1186k - gd luck dyodd |
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| 22-Jul-2013 13:14 |
Yamada Green Res
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Yamada-Since it IPO at 0.22c-good response
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Last:0.255 Vol:3210k +0.0050
Yellow pages on super accumulation mode? 3.2 million done. |
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| 22-Jul-2013 12:59 |
Vard
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Vard Holdings
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u have deep pockets..
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| 22-Jul-2013 11:31 |
Kreuz
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Kreuz cruising back up?
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the other way Last:0.755 Vol:1620k  -0.02
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| 22-Jul-2013 10:21 |
Yamada Green Res
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Yamada-Since it IPO at 0.22c-good response
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1.5 hrs already 2.4 million shares done.. somebody's accumulating.. Last:0.25 Vol:2392k - |
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| 22-Jul-2013 09:36 |
China Minzhong
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China Minzhong Food forum
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veggies not healthy and nutritious? so sad.. :(
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| 22-Jul-2013 09:02 |
Yamada Green Res
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Yamada-Since it IPO at 0.22c-good response
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majority of the volume that is done .. probably will be from Yellow Pages..and some of mine if it's at a cheap price.. nobody bothers to buy a stock which is 3.x times PE..:) n wait till it realises its intrinsic value.. all prefer to chase hot fiery stocks that fly 10-20% in 1 day.. gd luck dyodd |
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| 19-Jul-2013 14:28 |
Yamada Green Res
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Yamada-Since it IPO at 0.22c-good response
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nope.. couldn't get :( must be yellow pages spoil the fun..buy so fast.. :((((((((((((((( |
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| 19-Jul-2013 13:12 |
Yamada Green Res
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Yamada-Since it IPO at 0.22c-good response
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Last:0.25 Vol:3225k +0.0050
seems to be buying a lot..now 3 million done..
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| 19-Jul-2013 11:51 |
Yamada Green Res
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Yamada-Since it IPO at 0.22c-good response
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suddenly jumped to 25c 2mil+ done GLOBAL YELLOW PAGES signals possibility of buying more of Yamada Green Resources |
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