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Super low volume, seem waiting for some confirmation.
This is a Myanmar stock too.
ME NOT master or expert...but just let you know that PEC usually pays dividend end of the year...so donno if this time round they will pay out or not...the big dividend usually in november... you might want to check out yourself at sgx. that said...it is a good stock.
hi all masters and experts, this is a long forgotten stock.
any advice on this?
PEC Ltd: Strong cash position to weather any storm
Summary: The Eurozone sovereign debt issues and the slowdown in the global economy have led to weaker order flow in the Middle East region and somewhat curtailed the PEC Ltd’s (PEC) overseas ambitions. In Singapore, stiff competition within local EPC players has resulted in severe margin compression.
As management is keen to maintain annual revenue of S $400-450m, we think that lower margins will persist well into 2012. On a
positive note, PEC has a very strong balance sheet with about S$156m in net cash (as of end-Sep), which not only help the company weather any difficult times but also provide the flexibility to seek inorganic growth opportunities.
Thus, we maintain our BUYrecommendation and S$0.92 fair value estimate based on SOTP methodology. (Chia Jiunyang)
In the stock market, avoiding losing money is not about faith...
It is all about prompt rational action...
Stocks have been dropping like sheet...
propertyinvestor ( Date: 15-Sep-2011 12:32) Posted:
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PEC: Signed a $45m contract with JGC Corporation (JGC) to provide steel structure erection, piping and electrical & instrumentation works for a refinery in Sg for an oil major. This bring co's order book to over $300m. PEC now trades at 5.8x current P/E with Rotary at 6.2x.
With the recent fire at Pulau Bukom, PEC and Rotary may have opportunity to secure contracts with Shell, both having secured previous contracts from the oil major before.
With the recent fire at Pulau Bukom, PEC and Rotary may have opportunity to secure contracts with Shell, both having secured previous contracts from the oil major before.
PEC AWARDED 5-YEAR TANKAGE MAINTENANCE AND REPAIR SERVICES CONTRACT BY OIL & GAS MAJOR
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_24311E8971DB45554825790C00316862/$file/Award_5yrtankage.pdf?openelement
this stock is a definite $1 stock. I have faith that the price will eventually recover back to $1.20
OIL PRICE UP AGAIN!
Bought 50lots yesterday @ 0.79. I think any price below 80cents is a definite buy!
I got 10 lots at 0.81. It's at support price now.
Getting lower and lower... I wondered how low will it go?
Just did some research on this counter after looking at comments from some other forums... I think this is a good company to buy at current prices as downside quite limited. Net cash 62cents per share and alot of room for expansion. Was also mentioned in Forbes list.
I have 20 K @ 1.08. UP UP!