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Kian Ann price is moving now. I believe still not too late to buy. Been holding this baby for quite a while. Hoe leong had moved pass 37 cts this one will also move pass 30cts Vested n happy awaiting .
2 directors bought shares from open market on 05/06 March before the ex-div date.
tats good news. hope tuntan is right. however, the bosses may be of traditional mentality (old towkay mentality) and want to keep the properties as they are currently enjoying rental income fm it. unless they need the cash for expansion. anyone knows their standing as compared to hoe leong since they r competitors?
Tuntan, agree with you. Also, the interim dividend is due to their strong financial position and bright outlook going forward. Kian Ann's price is set to appreciate higher in the coming days!
Interim div of $6 per lot is only a starter (vs. zero previous yr). I'm looking to more div payout in final announcement. Hasn't taken into account huge potential in their premise located opposite Sgp Expo - huge 5-storey building sitting on 165k sq ft of land that is on 30 yr lease + option to extend another 30 yrs (total 60 yrs from 1997). If mgt decide to sell it to REIT, could reap handsome profits & special div for shareholders.
Kian Ann looks poised to
cheong with good profits reported, an expectation of even better performance in the coming months and the 1st time ever interim dividend being paid to boot!
Quote:
Strong FY2007 Mid Year results for the period ended 31 December 2006.
Revenue for the 6 month period came to $60.9 mil, with net profits up 21.51%to $4.5 mil. Earnings per Share for the review period was 1.55cts compared to 1.28cts for the corresponding period in FY06. NAV per share rose to 33.79cts, up from 32.70cts as at 30 June 2006.
Interim dividend of S$6 per 1,000 shares was also declared for the first time since its listing in 1996 in view of the company's strong financial performance.
Kian Ann's management believes the outlook of its customers industries will remain strong amidst the positive economic climate. Besides strengthening its global leading position as a one-stop solution centre for machinery parts, the Group will continue to expand its revenue streams from activities related to its core business. The Group is also confident that revenues and profits from the new subsidiary engaged to operate the lucrative parts business for commercial and industrial vehicles will enhance the Group's overall performance. |
Good 1H07 Results (released after mkt closed):
- 22% rise in bottomline to $4.5m (6mth)
- EPS: 1.55 cts (6mth), ie. Annualised = 3.10cts (PE 8x)
- Interim Div: $6 per 1k shares (vs. zero previously)
- NTA = 33.76cts
In the construction heydays in 1999, Kian Ann was trading around 65cts. It's been almost 8 years since, and it's time for the price recovery again. Same business, but much better improved business climate for the construction sector. |
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Crumbs, I agree with you. Vested at 0.235 Looking forward for the price to surge up soon.
Others may want to consider this counter since price is still low..
For similar companies like Kian Ann the PE ratios are as follows:
1) GuangXi Guiliu (China) 13x PE
2) Hitachi Machinery (Japan) 46x Pe
3) Jisung Tec (Korea) 10.5x PE
4) Terex Corp (US) 23x PE
5) Wajax (Canada) 17x PE
The sector average would be 22x PE but if Hitachi (which has market cap of S$4bn) is excluded, the average would be 16xPE. Therefore Hoe Leong (sg) is pretty in line but not Kian Ann (sg).
Kian Ann's anomaly (i.e. trade at a discount to industry average) will not go unnoticed soon.
Kian Ann's fortunes is closely tied to the construction sector. With this sector booming, Kian Ann's share price can only go higher and higher.
Also, it has recently formed a new subsidiary in the "highly lucrative" auto parts business. Things are indeed looking up for Kian Ann. Even its PE is undemanding.
Do consider Kian Ann for fundamental play 
Have a look at Kian Ann's corporate announcements and you can see their customer base.
I like this counter because besides having exposure to the local construction sector, it has a global customer market base.
when you say lucrative parts biz, how lucrative is this? i am afraid it could be very competitive. i feel unless they are able to expand into the fast developing countries such as India and Vietnam on top of their initial foray into China will their growth in earnings soar. but hopefully it can hit 60cents soon. good luck.
During 1999 when construction activity was booming, Kian Ann was trading well above the 60cts range. Now we have the 2 IRs, public infrastructure development, private and public residential and commercial construction activity coming up as well for the next few years. Plus with steady annual dividends and now just recently announced new subsidiary in the lucrative parts business for commercial and industrial vehicles, Kian Ann's share price will indeed be going places soon.
yeah guess so. but taking a look at the BOD and mgt team, all look quite old. have to inject new blood? but have to agree co doing well and offer steady dividend.
I think the earnings growth potential is very high, especially with the rebound in the construction sector, not just in Singapore but in this part of the region. Also, they now have more synergy in their most recent incorporation of a subsidiary. Looks good and there is very little resistance going forward in their share price.
I read somewhere in this forum that there maybe a possibility of them selling their building to a REIT. Thus, got upside potential. Not much trading volume so far. What do u think of its earning growth potential?
This counter is poised to surge as it is a main beneficary of the recovering construction sector. It has not surged yet like the construction counters and has no sand issue to speak of. Kian Ann Engineering has also consistently paid out dividends every year. Grab now before the price surges up way high
Looks like a value play for the crane/hvy eqpt industry which are expected to do well for the coming few years as S'pore construction industry recovers.
