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i doubt unless there are new contracts..
ruanlai ( Date: 07-Oct-2009 13:56) Posted:
Rumours that GO at $1.20
do not know is real or not |
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hi ya, I also do not believe that, just to share whether anyone here got the same rumour lor......
har? GO at 1.20? sure or not? wat is has that's worth a GO? may as well say $2 !! make it merrier ! :P
ruanlai ( Date: 07-Oct-2009 13:56) Posted:
Rumours that GO at $1.20
do not know is real or not |
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Rumours that GO at $1.20
do not know is real or not
Tiongwoon has Halt!
So many Lots queuing 2 buy tis morning...
Gd news again?
Upside still intact, good FA for 2010F
Awarded 3 contracts by Shell
(1.for provision of mobile cranes 2.maintenance works 3.Heavy Lift & Haulage)
Corporation Holding Ltd (Tiong Woon or TWC) begins fiscal year 2010 on a strong
note by announcing today that its wholly-owned subsidiary, Tiong Woon Crane Pte
Ltd, has been awarded two contracts by Shell Eastern Petroleum (Pte) Ltd (SEPL)
and Shell Chemicals Seraya (Pte) Ltd (SCSL) for the provision of mobile cranes and
lifting services to the mono-ethylene glycol (MEG) plant and the Seraya plant on
Jurong Island respectively.
At the same time, Tiong Woon Crane Pte Ltd was also awarded another contract by
SEPL to provide safe and proper lifting and transport services for the Shell Bukom
plant. For confidentiality reasons, Tiong Woon is unable to disclose the contract
amounts.
+The first contract shall be for a period of five (5) years beginning on 1 January
next year and ending on 31 December 2014, with an option to extend for a further
period of no more than five (5) years.
+The second project shall also be for five (5) years covering the same period.
+The third deal is targeted to start on 1 October and end on 30 September 2014
and comes with an option for a further two-year extension.
SINGAPORE, 29 Sept 2009 – MAINBOARD-LISTED Tiong Woon
Fair value: $1.24
Share price return based on closed $0.795: +55.97%
2010'(F) PE ratio: 8.0
EPS based on existing issued share capital (cents):
• 2010'(F) 15.50cents(F) +23.60%(F)
• 2009'(A) 12.54cents(A) +51.45%(A)
• 2008'(A) 8.28cents(A)
• 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.
From CIMB Aug'09
at 75.5 now..dun worry..it will go to 69cts level :D
Tiongwoon today rebounded to 84 cents n could not cover the gap at 86.5 cents , then the downtrend resumes n goes down to 76.5 cents currently , it is likely to go down further to cover the downside gap at 69 cents .
Bintang ( Date: 03-Oct-2009 14:46) Posted:
| TiongWoon has already formed its double top formation , now it is likely to fill a gap at 81.5 cents next week , if it would rebound , the gap at 86.5 cents is to be filled , then the downtrend would resume . Another gap below is at 69 cents , n this is also the meeting point of 55MA n the falling share price . |
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Tiong Woon posts record net profit of S$42m and revenue of S$202m for FY2009
Financial Year Ended 30 June 2009
Turnover FY'2009 $202.3mln FY'2008 $157.8mln +28%
Total profit FY'2009 $42.4mln FY'2008 $28.3mln +50%
Turnover S$'000:
Heavy Lift and Haulage FY'2009 $130,591 FY'2008 $99,236 +32%
Marine Transportation FY'2009 $10,892 FY'2008 $12,557 -13%
Fabrication & Engineering FY'2009 $47,016 FY'2008 $26,400 +78%
Trading FY'2009 $13,781 FY'2008 $19,580 -30%
Turnover FY'2009 $202,280 FY'2008 $157,773 +28%
TiongWoon has already formed its double top formation , now it is likely to fill a gap at 81.5 cents next week , if it would rebound , the gap at 86.5 cents is to be filled , then the downtrend would resume . Another gap below is at 69 cents , n this is also the meeting point of 55MA n the falling share price .
I don't trade for short terms.... so, no comments, my stratergy is to sell in the next high ... when? 2011 perhaps? at least must beat STI 3,900 points, LOL.. possible, just wait ba..
tedlim_me ( Date: 02-Oct-2009 16:24) Posted:
but i think it depends on volatility also.. if playing short-term..
jackjames ( Date: 02-Oct-2009 16:21) Posted:
Tat Hong upside margin is higher compared to the current price for both counters, because TiongWoon has been running up "a lot" already... |
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but i think it depends on volatility also.. if playing short-term..
jackjames ( Date: 02-Oct-2009 16:21) Posted:
Tat Hong upside margin is higher compared to the current price for both counters, because TiongWoon has been running up "a lot" already... |
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Tat Hong upside margin is higher compared to the current price for both counters, because TiongWoon has been running up "a lot" already...
Tiong Woon Corp Holdings upgraded to buy
The Edge, 29 Sept 2009
AmFraser Securities in a Sept 29 research report says: "Tiong Woon announced successful launch of pipelay barge.
With this, the company has completed its portion of the construction of the 146.3-metre derrick pipelay barge for
NorCE Offshore. Under the $64.8 million contract, they were primarily responsible for building the hull and major
sections of the vessel as well as installing the owner’s equipment.
"The successful launch of the vessel is a milestone event that brings them nearer towards receiving their $64.8 million
payment. The receipt of this contractual sum will lower their gearing and remove the drag on their cashflow in FY2010.
In view of this, we are lowering the risk premium to arrive at a fair value of $1.17, representing 8.6 times FY2010 earnings.
UPGRADE TO BUY."
I hope you are not yet to cut lost...
DKEIGHT ( Date: 30-Sep-2009 12:40) Posted:
| Any know what happen to Tiong Woon keep on slip & understand that he won a contract. |
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ermm... its.. not it's... 'it's' is used very wrongly here.. like 'boomz'...
tedlim_me ( Date: 30-Sep-2009 14:41) Posted:
a brief analysis.. Before the surge (probably b4 the tip was leaked to the BBs), its px was treading at arnd 0.815.. It surged to a high of abt 0.95 before the news was officially announced.. Whether or not Tiong Woon is a strong counter or not, i'll leave it to forumers to decide.. However, after factoring in it's recent contract wins, one may probably wanna accumulate at arnd its current px.. Tiong Woon's announcement of it's contract wins are timely.. A quick look at its announcements may lead one to conclude that they may have timed the release of their announcements nicely (i.e. Just when their current contracts on hand are expiring/finishing). Just my analysis and conclusion.. Px to buy wise pls consult the relevant experts.. ehhh.. Richtan, Bintang, Victorian2, lawcheemeng etc.. u all there? 
des_khor ( Date: 30-Sep-2009 12:49) Posted:
Stock market always behave in this manner = buy on rumorous sell on news....
The BB already got tips long long ago before the announcement, when rumorous became reality is always too late for us to buy and price already factor in. |
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a brief analysis..
Before the surge (probably b4 the tip was leaked to the BBs), its px was treading at arnd 0.815..
It surged to a high of abt 0.95 before the news was officially announced..
Whether or not Tiong Woon is a strong counter or not, i'll leave it to forumers to decide..
However, after factoring in it's recent contract wins, one may probably wanna accumulate at arnd its current px..
Tiong Woon's announcement of it's contract wins are timely.. A quick look at its announcements may lead one to conclude that they may have timed the release of their announcements nicely (i.e. Just when their current contracts on hand are expiring/finishing).
Just my analysis and conclusion.. Px to buy wise pls consult the relevant experts.. ehhh.. Richtan, Bintang, Victorian2, lawcheemeng etc.. u all there?
des_khor ( Date: 30-Sep-2009 12:49) Posted:
Stock market always behave in this manner = buy on rumorous sell on news....
The BB already got tips long long ago before the announcement, when rumorous became reality is always too late for us to buy and price already factor in. |
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Buy on value, and not on price. Over the long-term, you will not get a bad result.
