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JES International Holdings
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fralin_lee
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08-Feb-2011 12:12
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I have been following this counter for the recent months. When it was mentioned that the target price 0.46, the trading range was 0.31 - 0.375. Mostly hover at about 70% of the time(impression) it hovered around 0.33 - 0.35. (can't give you more detailed breakdown). I gathered that the trading range seems to be around. Therefore when the counter touches 0.33. It is a good time to buy in . Now that the TP has been revised to 0.5. My own calculation is that the counter will hover around 0.34 - 0.36. This means that it will be a good time to collect at 0.34 or 0.345. It is likely to breakout to 0.365 - 0..375 (quite easily) 0.385 -0.39 will be the support. Happy trading. Personal view only based on observation. |
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moneycow
Master |
08-Feb-2011 10:57
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The earlier target was 46 cents. But it did not materialised. Now due to winning of more contracts and expecting more wins and they are looking for stretegic partnership to enhance it to the level of YangZheZhiang and Cosco. It may not equal both of those established shipbuilders. But surely it would close the gap over time and not far off. Its just a matter of time based on its fierced marketing and expansion of workyard to produce ships of all shape and size built to order. Oil tanker/exploratrion ships are also being considered if I am not wrong. It got that potential and its growing to prominent slowly but surely. Of course you must do your own research and verification and understands that, while in business term it surely have the potential, it have its plan moving forward BUT, in ANY business there are RISK involved. One of the risk factor stated is the " Execution" part. That mean, while the company wants to get into this and that, they are just targets. To acheive the target and make them reality, they must produce real result and hit milestone set by their management. But from the way things has gone. They seems to have that capabilty from track record so far. The potential is certainly there. But all waiting to become realities.:)
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moneycow
Master |
08-Feb-2011 10:47
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Think after the report - it already moved up from 34.
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teeth53
Supreme |
07-Feb-2011 12:03
Yells: "don't learn through life, learn to grow with life " |
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Buy recommedation at 0.34c, on profit taking on low volume, so can only buy below 0.34c ??.
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moneycow
Master |
07-Feb-2011 09:36
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JES International: BUY S$0.34 Bloomberg: JES SP Price Target: S$0.50 Sizeable contract wins By: Ho Pei Hwa +65 6398 7968 Major wins worth US$260m. JES has secured sizeable contracts from three customers to construct nine bulk carriers worth US$260m in total as follows: 1) Three units of 82k dwt bulk carriers, each valued at over US$32m, to be delivered by 2012 to Wilmar International Ltd. Wilmar is a repeat customer, who now has orders of five bulk carriers with JES since 21 May 2010. 2) Four units of 47.5k dwt bulk carriers at over US$25m each, with expected delivery in 2012 to China Minsheng Financial Leasing Co. Ltd., a subsidiary of China Minsheng Banking Corporation Ltd. This brings China Minsheng's total orders with JES to nine bulk carriers. 3) Two units of 82k dwt bulk carriers from a new Korean customer, Daelim Corporation, each valued at over US$32m. The delivery of the two vessels is expected to take place in 2012. Makes up 52% of our FY11 assumption. Going at this pace, JES stands a good chance to beat our new order assumption of US$500m for FY11. JES has impressively bagged c.US$730m since our initiation on 21 Sep 2010, realising our expectation of more order wins to flow through from 4Q10 to 1H11 to replenish its previously declining orderbook. As a result, JES has successfully grown its orderbook from < US$0.9bn as of end Sept 2010 to c.US $1.5bn currently, raising its book-to-bill ratio from 1.5x to 2.5x. This has significantly improved the revenue visibility of the Group. Maintain BUY and TP of S$0.50. We maintain our earnings forecasts as the new wins have been imputed in our assumption. Our TP of S$0.50 is based on 1.5x FY11/12 P/BV, which is the mean of its peak and trough valuations. Key catalysts are strong orderflow, earnings delivery and successful penetration into offshore. Making inroad into offshore. With the commencement of the new yard, which is one of the most advanced yard facilities in China, JES is in talk with strategic partners to penetrate into the offshore segment by constructing offshore vessels like FPSO. Such positive development, if successful, will raise its profile and position among Chinese shipbuilders. Risk: Execution is the key. We believe technical hiccups are inevitable as JES climbs along the learning curve to build larger vessels. While we believe the lessons learnt in 08/09 have brushed up JES's project execution skill and yard efficiency, the increasingly challenging steel price and RMB appreciation are key obstacles to JES's earnings recovery. |
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jamesng
Veteran |
03-Feb-2011 11:46
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By the way, BDI crashing will affect this stock....do it build ships for companies affect by BDI rate????? | |||||||||||||||||||||||||||||||
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jamesng
Veteran |
02-Feb-2011 22:42
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Hi guys, This share eps is too low.....very far from 1 cent....and profit margin is too low...only 9%.......I think it is a very risky stock...it might go up but I would think that those would hold this baby at the end of the day will be at a losing end........ stx osv with better profit margin and technologies would be a better choice.... |
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melgo5
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02-Feb-2011 20:49
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Hi, Appreciate it if you could kindly share on how to calculate. Thanks in advance!
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choonmng
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02-Feb-2011 11:20
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relax foreign fund buying.. wait for it to finish. this fair price is btw 0.92-1.18. Calculate yourself analyst target incorrect |
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teeth53
Supreme |
30-Jan-2011 23:42
Yells: "don't learn through life, learn to grow with life " |
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Don worry too much, who don know so many is doing JES a flavour and doing promotion here. just take care when it run too fast, or else, it may knock into something else.
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gigi_388
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30-Jan-2011 23:25
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JES International Holdings Limited – OPERATIONAL AND BUSINESS UPDATE The Board of Directors (the “Board”) of JES International Holdings Limited (“JES” or the “Group”) is pleased to provide the following updates pertaining to the Group’s operations. New Contracts In line with the Group’s policy of recognizing orders as effective upon receipt of initial deposits, JES has entered into the following new shipbuilding contracts since the last order update on 6 December 2010: 1. New contracts with Wilmar International Limited (“Wilmar”) of Singapore to construct three 82,000 deadweight tonne (“DWT”) bulk carriers, each valued at over US$32 million. These three new vessels, with expected delivery in 2012, brings to five the total number of bulk carriers ordered by Wilmar since 21 May 2010. 2. New contracts with China Minsheng Financial Leasing Co., Ltd. (“MSFL”), a subsidiary of China Minsheng Banking Corporation Ltd. (“CMBC”) to construct four 47,500 DWT bulk carriers, each valued at over US$25 million with expected delivery in 2012. The four new orders, together with five earlier orders placed on 4 October 2010 by MSFL through its nominee companies, brings MSFL’s total orders with JES to nine bulk carriers. 3. First-time contracts with Korean customer Daelim Corporation to construct two 82,000 DWT bulk carriers, each valued at over US$32million. The delivery of the two vessels is expected to take place in 2012 |
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starlene
Elite |
26-Jan-2011 09:44
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JES Move up from 17cts to 26cts and 38cts naturally drop back to 33cts..I sold off some at 37cts and switch to stxosv-korean counter safer than s-chips as its related co-stxpo $13.00(trade in lot of 100)-the latter dropped below ipo price when London was bombed aftet that it went $2 before they consolidate the stock to 100 lot | |||||||||||||||||||||||||||||||
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pellty
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21-Jan-2011 16:55
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This one could set off like a rocket before anyone knows it. It is now trading at 0.35- 0.37cents. It should break the 0.4 cents barrier in the rabbit year pretty soon. Still, it is a far way from its peak.... a Gem that is not attracting much speculators. |
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starlene
Elite |
04-Jan-2011 12:45
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tug of war at .375 before breakout.. here is the analyst from DBS Vickers.. All shipyards have had a fruitful 2010, hitting our analysts’ order win assumptions. KepCorp led the peers with over S$3bn new contracts, followed closely by Cosco Corp (S$2.8bn) and SembMarine (S$2.7bn). Yangzijiang and JES also bagged S$1.5bn and S$1.2bn respectively. We believe the offshore yards will take center stage this year driven by a) strong demand for jack-ups, semi-submersibles sustaining recovery in new contract wins; b) successful penetration into the drillship market and wind farm installation jack-ups carving a new niche for Singapore yards; and c) last but not least, the potential award of the long awaited Petrobras tenders by 1Q2011. As such, Singapore rigbuilders could see a tripling in orders this year crystallizing Petrobras orders vs projected <33% growth in orders for China shipbuilders. Our top picks are: KepCorp [BUY; TP S$12.50] and SembMarine [BUY; TP S$6.08] as the key beneficiaries of resurgence in premium jackups; and Cosco Corp [BUY; TP S$2.76] being the leader among Chinese yards for offshore projects and margin recovery angle. |
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starlene
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04-Jan-2011 09:48
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Break with heavy vol 35.5cts and close at 38cts....shd clear 40cts soon
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fralin_lee
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28-Dec-2010 20:46
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Nice. Jeting away. It is not far away from usual resistance 0.355. | |||||||||||||||||||||||||||||||
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fralin_lee
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27-Dec-2010 12:07
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Cleared 0.335. Riding on the rally. | |||||||||||||||||||||||||||||||
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fralin_lee
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27-Dec-2010 09:54
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fralin_lee
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27-Dec-2010 09:23
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Now is definitely undervalued....Trading at or below MAs.. This counter rebounds pretty fast to 0.355 very fast ..... Festive seasons seems to slow things down........ The target price of 46cents ... can only be reached in 2011. JES let it JETS and not JEST. |
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starlene
Elite |
13-Dec-2010 10:21
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JES undervalue at 35cts...ipo 66cts bad timing..turnaround stock with potential of being taken over Mr Jin xin said JES is going into Oil rig equipment and technology and not building Oil rigs. The likely targets for Joint Venture or acquistions are like China Oilfield Technology Ltd or China Oilfield Services Ltd, Great Offshore Ltd ( from India) and Mermaid Maritime (Thailand) and many China private limited in subsea, oilfields and oil rig companies. They might follow the footsteps of YZJ in buying a controlling stake in a well- established firm. |
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