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I hv set buying Tiongwoon 2day early morning @ 0.605. but still no pple willing 2 sell me... ('',)
| SGX | T06 | TiongWoon | BUY | 0.605 | 10,000 | 6,050.000 | E | 0 | 10,000 | 20-11-2009 06:58:57 | -- |
Bintang ( Date: 20-Nov-2009 20:49) Posted:
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Head and shoulders fully formed, no support till 40 cts. Poor gongkias who went in near $1 all killed.
From the technical view , Tiongwoon is still very weak , its RSI is at 32 which is quite over-sold , n it may remain in the downtrend for some time . To achieve the downside target of 60.5 cents could be possible .
Bintang ( Date: 12-Nov-2009 11:00) Posted:
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Tiongwoon 0.605 can buy actually... But dunno pple willing 2 sell me...
nickyng ( Date: 19-Nov-2009 11:43) Posted:
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no hurry will get cheaper...60cts is possible :)
victorf ( Date: 19-Nov-2009 11:19) Posted:
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counter in my radar now (not vested yet)....a 30% to 40% discount from peak of 98 cents....now at 66.5 cents...good luck :)
let's SHORT it to 60cts ahh!!! :P
Even though the closing price for this week is at 68 cents , the trend would not be good in short term . But today it came down further to 66.5 cents , from the technical view , it may reach down to 60.5 cents .
Bintang ( Date: 11-Nov-2009 10:25) Posted:
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Sell into strength at 72.5 cents if there is good news , because the correction is still going on .
daphnecsf ( Date: 12-Nov-2009 00:39) Posted:
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1Q10 result Not representative of full year, more projects to materialise from 2Q10
from CIMB 11 Nov 09, Fair Value S$1.06
"We keep our Outperform rating as we expect contributions from new projects to materialise starting 2Q10.
We remain positive on TWC as we see strongdemand from oil & gas and petrochemical customers."
"TWC expects to spend about S$30m in FY10 to acquire cranes to meetcurrent and new project requirements.
The bulk of this budget would be allocated toexpanding its lifting fleet, and in particular, cranes with
capacity greater than 100tonnes to satisfy the increasing requirements of oil & gas projects"
Tiongwoon went up to 75 cents yesterday n touched the sloping down trend line . But closed negatively at 72.5 cents . Today it even came down to 68.5 cents with larger volume . If it close negatively by closing , then there would be a bearish engulfing pattern formed . The trend may go down further .
Bintang ( Date: 05-Nov-2009 20:41) Posted:
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Tiongwoon came down sharply to fill a gap at 70 cents , it may go down further to 60.5 cents .
Bintang ( Date: 02-Nov-2009 10:16) Posted:
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Tiongwoon has already reached 72 cents , breaking 71 cents is not a problem .
Bintang ( Date: 07-Oct-2009 20:47) Posted:
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another stock that will wipe out gongkias who bought at close to $1.
Tiong woon went up to 79 cents , but closed at its lowest point at 74.5 cents to form the bearish engulfing pattern .
Bintang ( Date: 29-Oct-2009 19:57) Posted:
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Tiong woon broke the strong support at 80 cents n went down very quickly to 73 cents in today 's trading , if there is a rebound , then it may test the resistance at 80 cents .
Bintang ( Date: 07-Oct-2009 20:47) Posted:
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Wow, besides the Profit from the revenue, TWC also gain on disposal of property for the amount of S$10.5 million and
it will increase the profit attributable to Shareholders in FY2010!
" 1. Introduction
The Board of Directors of Tiong Woon Corporation Holding Ltd (the “Company”) wishes to
announce that Dyna-Mac Engineering Services Pte Ltd (Coy Reg. No.: 199003014H) (the
“Purchaser”), has on 11 August 2009 exercised an option to purchase (the “Option to
Purchase”) the Property (defined below) which is currently owned by a wholly-owned
subsidiary of the Company, Tiong Woon Crane & Transport (Pte) Ltd (Coy Reg. No.:
198004703W) (“TWCT”). The Property (the “Property”) is at No. 13 Pandan Crescent, Singapore 128469.
2. Rationale for the Disposal and use of sale proceeds
The Company intends to sell the Property as it believes that the Sale Price is attractive and
presents an opportunity for the Company to realize the Property at a good value.
As at 30 June 2008, the net asset value of the Property, as reflected in the audited results of
the Group was approximately S$4.35 million. The Sale Price of S$15 million represents a gain
of S$10.5 million on disposal (after taking into consideration estimated expenses). ............"
http://tiongwoon.listedcompany.com/newsroom/20090811_175116_T06_73BE3B37530538AF4825760F0031C8DC.1.pdf
11 August 2009
http://www.dyna-mac.com/contact.html
http://www.tiongwoon.com/AboutTiongWoon/ReferenceProjects/tabid/172/Default.aspx
Today closed price is $0.845.. The SMA7 has cross above SMA14 now.
Tomorrow will cheong till $0.88, Huat La!
Tomorrow will cheong till $0.88, Huat La!
Technical Analysis:
Tiong Woon 16Oct'09: Closed $0.855
On the momentum of bullish uptrend:
The Parabolic SAR $0.753 was below the closed price of $0.855; it indicating a bullish trend.
Parabolic SAR Indicator (Min AF: 0.02, Max AF:0.20):
16 Oct'09 Parabolic SAR Indicator: $0.753 (TWC Closed price $0.855, bullish sign)
15 Oct'09 Parabolic SAR Indicator: $0.750 (TWC Closed price $0.850, bullish sign)
(Poems- Advanced Chart)
***
adj FV After Placement:
Fair Value(adj.F): $1.13 2010'(adj.F) PE ratio: 8.00
Shares/After Placement: 371,576,410 Profit(adj.F): $52,324,343.55 EPS(adj.F): $0.1408
From CIMB Aug'09:
Fair Value: $1.24 2010'(F) PE ratio: 8.00
Shares: 337,576,410 Profit(F): $52,324,343.55 EPS(F): $0.1550
PE and Price List:
PE: 6.60 Price: $0.93 Upside: 21.13%
PE: 6.53 Price: $0.92 Upside: 22.45%
PE: 6.46 Price: $0.91 Upside: 23.80%
PE: 6.39 Price: $0.90 Upside: 25.17%
PE: 6.32 Price: $0.89 Upside: 26.58%
PE: 6.25 Price: $0.88 Upside: 28.02%
PE: 6.18 Price: $0.87 Upside: 29.49%
PE: 6.11 Price: $0.86 Upside: 30.99%
www.bloomberg.com
Updated: New York, Oct 17 13:08 London, Oct 17 18:08 Tokyo, Oct 18 02:08
COMMODITY FUTURES
Oil: VALUE: $78.53 CHANGE: $0.95 %CHANGE: 1.22%
Oct 16, 2009, BT
Oil up to year high above US$78 on dollar, inventories
* Sharp falls in oil product stocks point to demand recovery
* US industrial output, consumer sentiment data to offer cues
* Equites rally, dollar weakness price supportive
From CIMB Aug'09 - Tiong Woon
• Positive outlook.
With crude oil prices above US$70/bbl, activities in the oil & gas sector should be brisk
as projects are revived. Management indicated that demand has been very strong from
oil & gas customers, and that TWC does not have sufficient machines to meet all
customers’ needs and may have to procure new machines. Share-price catalysts are
expected to include new contract wins for oil & gas projects.
• Maintain Outperform.
We raise our FY10-11 forecasts by 63-66% on continued strong demand and steady
margins from oil & gas and petrochemical customers for its heavy lift & haulage segment.
We also introduce FY12 forecasts. Still using an unchanged 8x CY10 P/E, its mid-cycle
valuation multiple.