Post Reply
1-20 of 216
Definitely not expert, but from surface, PEC looks undervalued, even without pricing in possible future upside.
Look at the story weaved from its vital statistics.
- Price has risen a bit recently, but not too long ago it was traded near 52 week low
- Gearing is almost negligible
- Huge cash reserves to cushion downturn and maintain dividend payouts
- Dividend yield of around 4% pays you to be patient while you wait
Of course, no analysis is complete without looking at the underlying business' possible upside catalysts and potential downside risks.
For more details, can visit my humble analysis on PEC (
http://reaching4financialfreedom.blogspot.com/2013/07/pec-undervalue.html)
any expers have any thoughts on PEC?
PEC well done !
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=PEC:SPtonylim ( Date: 03-Nov-2012 11:45) Posted:
Dont despair, be patient, enjoy your 2.5 cents dividend first, when market improves it will sure go up
xing78 ( Date: 03-Nov-2012 11:10) Posted:
| 球 老 板 ， i still holding. volume too low for this counter to make any decision. since my bet here not a lot, will just leave it to rot. lo |
|
|
|
Dont despair, be patient, enjoy your 2.5 cents dividend first, when market improves it will sure go up
xing78 ( Date: 03-Nov-2012 11:10) Posted:
球 老 板 ， i still holding. volume too low for this counter to make any decision. since my bet here not a lot, will just leave it to rot. lol
ballball ( Date: 02-Nov-2012 11:06) Posted:
| 星 爷 ， 你 卖 了 吗 ？ XD 8 Nov 2012 leh ! |
|
|
|
球 老 板 ， i still holding. volume too low for this counter to make any decision. since my bet here not a lot, will just leave it to rot. lol
ballball ( Date: 02-Nov-2012 11:06) Posted:
| 星 爷 ， 你 卖 了 吗 ？ XD 8 Nov 2012 leh ! |
|
星 爷 ， 你 卖 了 吗 ？ XD 8 Nov 2012 leh !
球 老 板 ， not yet...my stop loss at 69c. i will just wait for earnings release if it stays above my stop. i only have 20lots in this counter.
ballball ( Date: 19-Oct-2012 13:00) Posted:
星 爷 ， 你 卖 了 吗 ？ 你 认 为 现 在 可 以 进 场 吗 ？ 谢 久 ！
xing78 ( Date: 26-Sep-2012 00:32) Posted:
| i got mine at 72cents, waste my time... stop loss at 69cents... good luc |
|
|
|
星 爷 ， 你 卖 了 吗 ？ 你 认 为 现 在 可 以 进 场 吗 ？ 谢 久 ！
xing78 ( Date: 26-Sep-2012 00:32) Posted:
i got mine at 72cents, waste my time... stop loss at 69cents... good luck
stu4rt86 ( Date: 25-Sep-2012 11:32) Posted:
| i hope your right. i am not selling it yet. bought at 0.74 eeks
|
|
|
|
i never bother to read.. prefer those that come with cd and hot bikini babes doing the presentation... lol
stu4rt86 ( Date: 15-Oct-2012 21:48) Posted:
| pec sent such a thick mail.. what issit abt sia..
|
|
pec sent such a thick mail.. what issit abt sia..
Nice...
('',)
Bon3260 ( Date: 26-Sep-2012 14:42) Posted:
B patient...
Give PEC a chance.
Wait till Q3 result 2 b announced.
& too, b4 XD sure got movemt...
('',)
Investmt muz hv patient...
xing78 ( Date: 26-Sep-2012 00:32) Posted:
| i got mine at 72cents, waste my time... stop loss at 69cents... good luc |
|
|
|
way to go my pec pec
PEC is starting to move upwards. Good showing this afternnon with good volumn
tonylim ( Date: 01-Oct-2012 13:59) Posted:
I would think otherwise and should be moving upwards :
By Chia Jiunyang
Mon, 17 Sep 2012, 09:13:32 SGT
PEC Ltd’s (PEC) share price has fallen by almost half from its peak of S$1.37 per share in Jan 2011 and may have already bottomed out. We now see very deep value in the group, with its stock trading at 13% discount to its book value of S$0.79 per share with a net cash of S$0.44 per share or 64% of its market capitalization. Excluding its net cash value, it is trading at just 3x PER. Meanwhile, our channel checks inform us that the current pricing levels are too tight for the downstream EPC subcontractors to bear, and are unsustainable in the long run. We agree and therefore believe that a margin reversion may be possible in the near- to medium- term horizon. Upgrade to BUY with a higher fair value estimate of S$0.86 (previously S$0.64).
Deep value
PEC Ltd’s (PEC) share price has fallen by almost half from its peak of S$1.37 per share in Jan 2011 and may have already bottomed out. Year-to-date, its share price has also been uninspiring, hovering mostly around the S$0.60-S$0.70 region. We now see very deep value in the group, with its stock trading at 13% discount to its book value of S$0.79 per share with a net cash of S$0.44 per share, or 64% of its market capitalization. Excluding its net cash value, it is trading at just 3x PER.
Rotterdam issues over
Previously, investors were concerned about PEC’s cost over-run issues at its Rotterdam JV project. With its S$17.3m allowance for its debt against the JV company – Verwater-Audex B.V. in 4Q12, PEC has finally reached a closure on the issue. We do not expect further write-offs. Looking ahead, we believe the management will focus its energies on growing its business in the Middle East and Southeast Asia regions.
Upgrade to BUY FV raised to S$0.86
We see deep value for PEC and believe that margin reversion is possible. Therefore, we raised our fair value estimate to S$0.86 (previously S$0.64) on 1x (previously 0.8x) P/B. Upgrade to BUY.
|
|
|
|
Sgshares ( Date: 01-Oct-2012 13:50) Posted:
|
|
|
I would think otherwise and should be moving upwards :
By Chia Jiunyang
Mon, 17 Sep 2012, 09:13:32 SGT
PEC Ltd’s (PEC) share price has fallen by almost half from its peak of S$1.37 per share in Jan 2011 and may have already bottomed out. We now see very deep value in the group, with its stock trading at 13% discount to its book value of S$0.79 per share with a net cash of S$0.44 per share or 64% of its market capitalization. Excluding its net cash value, it is trading at just 3x PER. Meanwhile, our channel checks inform us that the current pricing levels are too tight for the downstream EPC subcontractors to bear, and are unsustainable in the long run. We agree and therefore believe that a margin reversion may be possible in the near- to medium- term horizon. Upgrade to BUY with a higher fair value estimate of S$0.86 (previously S$0.64).
Deep value
PEC Ltd’s (PEC) share price has fallen by almost half from its peak of S$1.37 per share in Jan 2011 and may have already bottomed out. Year-to-date, its share price has also been uninspiring, hovering mostly around the S$0.60-S$0.70 region. We now see very deep value in the group, with its stock trading at 13% discount to its book value of S$0.79 per share with a net cash of S$0.44 per share, or 64% of its market capitalization. Excluding its net cash value, it is trading at just 3x PER.
Rotterdam issues over
Previously, investors were concerned about PEC’s cost over-run issues at its Rotterdam JV project. With its S$17.3m allowance for its debt against the JV company – Verwater-Audex B.V. in 4Q12, PEC has finally reached a closure on the issue. We do not expect further write-offs. Looking ahead, we believe the management will focus its energies on growing its business in the Middle East and Southeast Asia regions.
Upgrade to BUY FV raised to S$0.86
We see deep value for PEC and believe that margin reversion is possible. Therefore, we raised our fair value estimate to S$0.86 (previously S$0.64) on 1x (previously 0.8x) P/B. Upgrade to BUY.
|
|
|
|
Sgshares ( Date: 01-Oct-2012 13:50) Posted:
down
ballball ( Date: 01-Oct-2012 13:45) Posted:
|
|
|
down
ballball ( Date: 01-Oct-2012 13:45) Posted:
|
Is this a uptrend stock¿
Its Cum Dividend (CD) lah....
Pretty good dividend payable on 26 Nov, you get $250 for 10 lots :
| PEC |
SGD0.025 |
Nov 8 (ex cd) |
Nov 26 |
stu4rt86 ( Date: 01-Oct-2012 12:31) Posted:
| PEC on CD? what it means sia
|
|
PEC on CD? what it means sia
Thanks for agreeing, just guts feel and pretty accurate lately. PEC is indeed a good stock and will catch up with Techno OilGas (trading above $1 already). It is gearing to move up :
| Day High: |
0.735 |
Net Change: |
0.025 |
Total Value: |
946,180 |
| Day Low: |
0.700 |
Last Done: |
0.725 |
Volume: |
1,310,000 |
stu4rt86 ( Date: 26-Sep-2012 22:33) Posted:
tonylim i bought pec because u posted here. haha i trust u alot because the last time i bought interra res and ezra u also posted saying they were good stocks, and sure enough after some time ( a few weeks), share price did rise =ppP
|
|
