Post Reply
1-20 of 203
Ezra moving up, the child triyards hardly moved.
unlike the swiber and kreuz r/s, this one is totally unrelated at all.
mkt has neglected the child for the parent in the case of Ezra.
Being a big baby of Ezra, if Triyard does badly, it can pull down its parent down too..........
Both ways.......
For Ezra as long as Oil and gas structure and support is in demand , it will do well.
World economy have direct impact on the demand of course.
And something to look out for is - alternative energy source.
Coal seem coming back AS an in demand fuel. The world is like moving backward, but survey have shown coal demand goes up.
Coal and oil are opposing parties.
Since coal coke is an in demand source, any company does their business in that field would be more positive.
OIL is when war tension in the world rises, like Uncle Sam big quarrel with Russia or China .
BUT the world at this moment seem peaceful. Only trouble spot is N.korea. Iran with its new regime seem want to have a very peaceful with Uncle Sam. It allows Russia to access and inspect its nuclear research facility.......
Going back to N.Korea, its nothing new, father died hand over to son. The General are the same lot calling the shot. Always telling whoever in charge NOT to show weakness or else Uncle same will bully them :) . Thats why always say new nuke test ............don't care what other say, they wants to show, we have nuclear, don't disturb. They develop missile that can reach USA. Uncle Sam is uncomfortable with the thread, is uncomfortable and feel not very secure, if one day it really fix a big nuclear warhead on one of its missile and fire toward USA. Or its neighbor Japan and its non communist brother. But those are nothing new.
Economy wise world wide - no problem. Middle east now quite peaceful with Iran's nuclear issue cool down alot from months ago where US or Israel is preparing Military action against it. Than later US Government saga ............... with though good news from China and Europe can't stop the market from US Gov saga recently...... just went everything seems to be going fine............after most of the negative issue is more or less settled.............pennies falls one after another.............after the Blumont, Liongold......investigation....................
Stock market rise is never a 45% up. Its zig zag, up down crash.........................back up :)
so knows the interval or at least understand its never a straight up thing..................................
trading below IPO price of 80c & parent Ezra won $110m worth of contracts..
pls do your homework as always..
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/7564-triyards-unappreciated-trading-below-ipo-price
ozone2002 ( Date: 02-Jul-2013 09:24) Posted:
|
Triyards has secured its first ship repair contract for the newly
commissioned floating dock. The group is on track to grow
its ship repair into a significant business and diversify its
earnings streams.
revisiting this neglected gem.. gd luck dyodd
TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas industry, achieved a new milestone with its first ship repair work for its newly commissioned floating dock, the Lewek Hercules. The 1,554 dwt offshore supply vessel Mermaid Challenger is currently undergoing repair and maintenance work in TRIYARDS' 10,000MT floating dock which was converted from a load out barge. The Group has received several enquiries ever since the dock's commissioning in April and the Lewek Hercules already has another contract in its pipeline. (Closing price: 0.685, -1.439%)
ozone2002 ( Date: 08-Jun-2013 14:33) Posted:
|
Triyards was highlighted in this weeks TheEdge issue.
Healthy order books, planning to go into the same biz as Kep corp & Semb Mar & single digit PEs
currently at low 70s cents and low interests by the looks of the daily volume
accumulate before the herd comes in
gd luck dyodd
ozone2002 ( Date: 04-Jun-2013 14:51) Posted:
|
slowly moving up.. now 75c
best time to vest in gd stocks is when the interests in low..
when you have 1st mover advantage, must exercise patience to bear the fruits of your labour..
remember true value of a good stock will catch up with its price eventually
gd luck dyodd
Ezra triggered! hope this will rub off on Triyards..
Time: 9:36AM
Exchange: SGX
Stock: Ezra(5DN)
Signal: Resistance - Breakout with High Volume
Last Done: $1.01
gd luck dyodd
sunview ( Date: 03-Jun-2013 16:58) Posted:
|
One of UOB-KH’s mid-cap pick
The group is in a net cash position and we see further catalyst from the roll-out of its revolutionary third-generation liftboat, which will have the capabilities of a fullfledged jack-up at a 20% discount. UOB-KH has a target price of $1.11. At current price of $0.735, the stock is a laggard, trading at prospective PE of 6.0x and 5.2x for FY13 and FY14 respectively.
BACKGROUND
Triyards is an offshore fabricator specialising in: a) advanced construction and offshore support vessels (OSV), and b) self-elevating units (SEU), including liftboats. Liftboats are self-propelled, self-elevating mobile platforms used for servicing fixed offshore installations. Triyards operates two yards in Vietnam and one fabrication facility in Houston, US.OUTLOOK/RECOMMENDATION
• Proxy to growing acceptance of liftboats. Triyards is a proxy to the growing acceptance of liftboats internationally, being one of the few yards outside the US capable of building such vessels. In the past, liftboats were used solely in the US Gulf of Mexico, but are now gaining traction internationally as the industry recognises liftboats as a safer and more efficient alternative to traditional work barges.
• Launched third-generation SEU design. Triyards has launched its proprietary TDU-400 jack-up rig, which is a lightweight drilling unit with the full capabilities of a jack-up rig, but at 80% of the cost. The TDU-400 rig will cost up to US$160m-180m per unit, compared with US$60m and US$90m for third-party designed first- and second-generation liftboats respectively.
• Geared for growth. Triyards will embark on further growth by: a) expanding ship repair capacity, b) diversifying into new products such as high-speed aluminum commercial and patrol vessels, and c) growing its equipment business and branding.
• Seeing strong enquiries from SEA and the US. According to management, Triyards is seeing healthy liftboat enquiries from Southeast Asia and the US. Several US liftboat owners are considering building their vessels in cheaper countries, such as Vietnam, instead of the US, where shipbuilding costs are 10-15% lower.
• Maintain BUY and target price of S$1.11, pegged at 7.9x FY14F
PE, a 10% discount to peers’ average of 8.8x
FY14F PE, due to Triyards’ shorter operating track record and lumpy
profit recognition from Ezra’s Lewek Constellation,
which comprises 17% of FY14F net profit.
ozone2002 ( Date: 03-Jun-2013 15:23) Posted:
|
i was looking through the financials of Triyards..
didn't know it's such an undervalued stock..
single digit PE and decent earnings..
wonder if Triyards+Ezra Parent has the same effect as Swiber-Kreuz
gd luck dyodd
Chewbecca ( Date: 25-Feb-2013 16:05) Posted:
|