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Heng ah..sold all my stakes in Amtek $1.35-$1.36 when Temasek also selling out...switch to STXOSV at a low price better upside
DBS recommends BUY with Target Price at $1.65
Our analyst visited Amtek’s Nan Hui plant in Shanghai after a
well-attended corporate day in Singapore, and is convinced
that Amtek’s transformation has strengthened its market
positioning and created a platform for solid profitable growth
ahead. Automotive is a key growth driver, expected to grow
30-40% in the next two years, supported by various new
programmes. Electronics/electrical is another growth anchor,
driven by relocation of European MNCs to China. Reiterate Buy
on Amtek with TP of S$1.65.
Life Is Great
Amtek trimed sail, px has run up, on profit taking and hope it recharge again. BBs said--buy, BBs also said sell..??.
| M1P | Amtek | Open-1.360c | Last done-1.320c | -0.030c | -2.2% | Vol-4,910,000 |
and Credit Suisee recommend buy, $1.75c
and BBs is un-loading after hitting it TP, today punt up to a high, ($1.41c - in speculative mode)
| Amtek | 1.320 | last done-1.350c | +0.040 | +3.1 | Vol-17,973,000 | 265,000 | 1.340 | 1.350 | 80,000 |
1-01-2011 (News from SGX)
STD Charter....Standard Chartered Private Equity Limited
The change in the percentage level. From 30.3 % To 28.3 %
Amtek - Trade with care, BBs selling down also. During the period from 10 to 11 January 2011,.
Standard Chartered PLC sold down 30.3% to 28.3%.
A series of on-market transactions by Aranda Investments Pte. Ltd. ("Aranda") which decreased its interest from 5.39% to 4.96% and Aranda ceased to be a substantial shareholder on 11 January 2011.
Aranda is a wholly owned subsidiary of Seletar which is in turn a wholly owned subsidiary of TC. TC is a wholly owned subsidiary of Temasek.
Accordingly, Temasek, TC and Seletar ceased to be substantial shareholders on 11 January 2011.
Credit Suisee recommends BUY with Target Price of $1.75
● Amtek is a precision engineering specialist that has successfully
leveraged its core metal stamping capabilities into manufacturing
complex mechanical modules, progressive cold forging, as well as
3D forming processes.
● With global manufacturing outsourcing intact, we see growth for
Amtek being driven by demand from its 100-plus strong customer
base, diversified across six industry sectors. We expect Amtek’s
revenues to outpace the growth projections for most of its product
segments, and forecast 46% EPS CAGR from FY10 to FY12.
● Our S$1.75 target price is based on 2011x P/E, in line with
Singapore-listed Venture. Strong earnings delivery and greater
investor awareness should help Amtek trade up to the higher P/E
range of the precision engineering peer group. We initiate at
OUTPERFORM.
● Key risks are a potential slowdown in global manufacturing
outsourcing, loss of market share by key customers, raw material
cost inflation to the extent that any increase in costs cannot be
passed on to customers, and limited order book visibility.
Life Is Great
Still not too convience this is a good counter.
Back in December, Amtek was an overvalue stock by few analyst. And market proof it with the IPO begin undersubscribe. Fundamental don't change that fast within one month.
starlene ( Date: 12-Jan-2011 12:01) Posted:
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DBS recommends T.P $1.65....hit high $1.39 today
hit high of $1.31 yestaday..today hit $1.32 the price is teasing the $1.30-$1.32 range ,it's just a matter of time it will cross ipo $1.30 convincingly,not to late to buy now
bsiong ( Date: 06-Jan-2011 09:22) Posted:
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Hot stock
Amtek Engineering (AMTK SP, $1.24, NOT RATED) – The recently-listed Amtek is a resurrection of the old company that was privatised in 2007. After radical restructuring and streamlining, it has become a leaner and meaner version of its former self. While valuations look steep, they are not fully reflective of its growth potential or cost cuts. We believe 1QFY Jun11 results (NPAT and net margin doubled YoY) are more representative.
/kimeng/
TP $1.52...heavy vol ytday close at $1.24
teeth53 ( Date: 04-Jan-2011 09:50) Posted:
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CIMB - TP, $.52c ??.
Looks like the push>$1.30 is inevitable
Amtek
CPF
1.100
1.240
+0.160c
+14.8%
Vol-26,212,000
312,000
1.240
1.250
589,000
teeth53 Date: 06-Dec-2010 11:44) Posted
(Temporary in over bot position)
Getting less ammo to fire, but don assume this type of BBs don have ammo.
teeth53 ( Date: 27-Dec-2010 23:14) Posted:
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Amtek Engineering Ltd Initiating coverage - Stamping to new heights - by Jonathan Ng (AMTK SP / AMTK.SI, OUTPERFORM, S$1.08 - Tgt. S$1.52, Technology) -------------------------------------------------------------------------------- We initiate coverage on Amtek with an OUTPERFORM rating and target price of S$1.52, pegging Amtek at 9x CY12 P/E. This values Amtek at 1 standard deviation above its 6-year mean P/E prior to its privatisation in 2007. Amtek is a leading metal-stamping company in Asia with varied exposure to industries, rendering it less vulnerable to any slowdown in a particular sector. It has more than 100 customers, mainly leading OEMs. We believe our valuation is justified in view of its anticipated strong earnings recovery in FY11. We project a 39% earnings CAGR for FY10-13. We see catalysts from strong sets of results, continuous strong growth in the automotive segment, and any M&A announcements. # Full-report including important disclosures: [ PDF ]
des_khor ( Date: 03-Jan-2011 12:52) Posted:
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MFT from CIMB upgrade to $1.50....
I believe the momentary increase and decrease in the stock price was due to the stabilizing actions. With its cessation, the stock price stabilisation would be left at its own will.
Hit new high of $1.15 today.....matter of time BB push >$1.30 probably when the year end results out with good dividends as promised.Just have to be patient
Expensive at $1.30c, expecting BBs to play up ?, when those BBs sell theirs during it offer px...humm.
In between expecting they themself taking profit 1st, then pump again and dump again after hitting new high.
After all, they bot at less then @1.11c - those stablizing mgr and theirs kakis.
Amtek Last Done:1.08 Vol:2465k
+0.01
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