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BY ORDER OF THE BOARD
Lawrence Kwan
Company Secretary
7 August 2007
Any idea when is the Q2 result out? thx
DBS:
Aqua-Terra (ATS) is an integrated service provider and procurement specialist to the oil and gas industry, which has one of the largest regional distributorships for 23 brands, and carries a range of >160 consumable products. ATS' consumable products offering can easily meet more than 20% of its customers' needs in an otherwise fragmented industry.
Point: We believe ATS' growth momentum will be augmented by: 1) its success in securing projects as an integrated service provider and procurement specialist, 2) more cross-selling opportunities as it taps into the growing business network of KS Energy, which is its parent company, and 3) its proven growth-by-acquisition strategy to expand product offerings and regional customer network.
Relevance: We forecast ATS' net profit to grow 84% y-o-y to a record S$14.2m in FY07. Its net profit CAGR is expected to be 42% in our FY07-09 forecast periods. We have a fair value of S$0.84 for ATS, using 15x FY08 PER. The price upside potential to our fair value estimate is 66%. As such, we are initiating coverage on ATS with a BUY rating.
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2/8
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Delong, Excelpoint, HoPlaza, HwaHong, Nera, SembCorp, SCS, StarHub, Straco
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Q2
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3/8
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S1
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3/8
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Aqua Terra,
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S2
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3/8
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SingTel,
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Q1
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3/8
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Q2
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3/8
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Food Junction
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Q3
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3/8
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Boardroom
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Q4,Y
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Actual date for ATS to announce its 2nd half or half year finanical results will be schedule on 3rd Aug according to Kim Eng Research....
KS Energy result should be out on 14 Aug. As for Aqua Terra no idea.
Anyone got news on Aqua-terra ? Volume was high today.
All the marine stocks had surged tremendously recently, such as BH Global, Beng Kuang, both surged from 0.40+ to currently 90+ in just 1-2 months.
The show for Aqua Terra is just began.......................
Be patience & have confidence in this counter
Closed for the day at 0.60 ...It break the resistant for 0.58.
Aqua Terra finally begin its bull run, tommorrow should be a better day for this counter...
KS Energy applied for trading halt this afternoon.....
Sooner ATS will follow suit...Hope it is a good news
Thanks Jerrymaguire..
Look at the % of this counter in the marine industry, there is high potential upside for this counter in the near term.
By the way where u got the info its secured the new contract of S$68mil from CNOOC group?
this stock is accerelating its speed with volumn picking up. she has formed a double bottom and resistence of 0.575. for safe, the good entry point will be 0.58-0.585.
the fundamental is below:
Oil&gas ( 48% ) ,Marine ( 47.8% ) ,Mining & Hardware ( 4.2%)
FY06 profit rose 27% on strong growth in oil & gas sector.
Expect improve performance this yr.
* Co secured $68m integerated procurement with CNOOC base grp.
Prominent CEO , Kris Wiluan an Indonesia tycoon, also held position in KS Energy & SSH
All the marine stocks has risen as compared with this counter....
It's still laggard behind others marine stocks , PE ratio is less than 17 times , investor can pay attention to this counter..