Post Reply
421-440 of 444
Thanks. I missed that announcement. Hopefully a takeover.Cheers.
Hi derekchong, there was an announcement yesterday in sgx website. Vested.
Yes, moving nearer to $0.96 target price by DBS Vickers.
Cheers to all those vested.
Share price up 3 cents on strong volume. here is what DBS Vickers said in its recent report.
Amtek Engineering
Forging a stronger future
Story: Amtek produces mainly precision metal parts for customers from
diverse industries. Its core strength is in cold forging, which allows for
high precision components with more profiling and value-add processes at a
competitive cost due to minimal wastage. Its ability to integrate metal
parts with plastics and rubber also creates a borderless one-stop shop
solution appreciated by many customers. In addition, Amtek has the widest
manufacturing spread among the locally-listed component companies.
Point: We like Amtek as a clear beneficiary of the prevailing wave of
outsourcing from European companies such as the automotive and consumer
electronics makers. Furthermore, a rationalised cost structure and easing
raw material costs will benefit margins. We project Amtek?s earnings would
grow at a CAGR of 21% from FY06-FY09F to US$37.9m, on a revenue CAGR of 14%
over the same period to S$851m.
Relevance: Although Amtek?s current growth profile is equally healthy to
peers in the metal stamping industry, valuations are more attractive at
7.6xFY07 (June YE) and only 6.8x FY08 earnings. We believe the market has
not sufficiently priced in the company?s earnings recovery in the past one
year and expect the gap to narrow with strengthening momentum and a higher
level of investor awareness. Initiate with a BUY recommendation and a
target price of S$0.96, based on peer?s average of 9x FY08 earnings.
Vested. For those still hanging on, hold on some more!!
cheers!!
TA indicators positive and volumn improve, px moving north next week.
NTA at $0.675 and strong book order. With the improve demands for computer, it should be able to move towards $1.01
I am not surprised. If investors were to look at its fundamentals, this stock offers exceptional value. It is a matter of time before its price move up. Good support at 64 cents - moving up to 79 cents. Get ready for a good ride for those still hanging on. Vested
how come last minute this counter come to live again.
another acquisition or take over ?
another acquisition or take over ?
A takeover target!!!
Moving towards $0.80 by end of week
a forgotten stock that has just been re-lived!
Amtek has broken decisively its resistance at 67 cents and now heading for intermediate target of 79 cents. For those who keep faith in undervalued stocks keep on holding - the best is yet to be!
breaking 69 beautifully siu siu!
soaring the sky, up in the sky....hehehehee
show-hand next week!
half year turnover up 15%
PAT up 30%
half year EPS 5.4c, NTA 63c
divid 1.8c
what else can you ask for more? if you annualise, it's currently trading at 6.5x FY07 ?! I shall not say anymore, you decide...
Amtek now at its NTA, trading below 10xFY07.
Oversold region but personally feel can go higher based on 07/08. Can wait for pullback b4 jumping in again.
Singaporeans are a bunch of do know what, this share starts to move because Friday night Channel U - Money decumentary (repeat on Sunday night) display some investment in Shanghai and SuZhou, thus the stock moves. Good Luck.
i unloaded all at .655
had been holding it since feb 05
i must say it is definitely a good stock to hold if u juz wanna park ur $$ there and bochap lah.
reaps relatively good div. good luck all!
you are lucky168, PE ratio is very low. NTA is about $0.68/sh. If I not wrong, last half year result was announced sometime last week of Jan 06. Good luck!
Glad that finally "someone" appreciates this laggard that had only 5xPE.
Another reason could be that FY reporting soon... well let's see!