PEC: Generally in line results despite poorer showing. 3Q11 Rev at $87.7m fell 32.3%yoy -20.3%qoq with net profit at $10.2m -49.7%yoy -5.6%qoq due to fall in order book during FY2009-10 and one-off settlement claims recognized in 3Q10. Net cash holdings remained sizeable at $168.3m approx 67.2c per share Co remains positive on prospects in Sg, Asia and Middle East but order wins have been tepid with $180m for FY11 YTD…
Co’s order book rose to $210m from $186m in prev quarter, and with new EPC from Emirates National oil, order book now stands at $312.3m. PEC trades at 3.3x fwd P/E vs peers at 4.9-6.8x and DBS maintains Buy with TP lowered from $1.62 to $1.52
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61-80 of 216
BUY, it is a good stock to hold I shd say. Keep some spare cash just in case it goes down can avg. if required.
Cheers.
hi anyone in this? ok to buy now?
Good show today. Cheong liao. 
PEC
today should be all the way up liao... New york and Japan all the all the way up now... chiong ah
Might not take that long, I hope =).
brought it at $1.09 hopwfully with it's good background will bounce back :) maybe need to wait till next quarter.
$1.11. Cool...
Drop in price, bought at $1.07, keeping fingers crossed for further bounce back up, backed by strong fundamentals and increase in net profit from previous year.
PEC is dirt cheap..
undervalued gem..
DBS issued a target price of 1.62
| PEC posts 11% rise in 2Q net profit to $10.2m |
| WRITTEN BY THE EDGE |
| THURSDAY, 10 FEBRUARY 2011 20:18 |
PEC, the plant and terminal engineering specialist, says net profit climbed 11% to $10.2 million in the second quarter ending Dec 31 (2QFY2011) from $9.2 million in the corresponding period a year ago. Revenue rose in 2Q rose 3% to nearly $110 million compared to $106.5 million last year. The group’s order book for on-going and new project works as at 31 December 2010 was $186 million. |
Hi traders
Be patience, check my previous post with chart. More upside to come
Trade not for thrill but for serious income.
Cheers
coming up strongly from day low.
The BBs are waiting for the weaker holders to exit... Oil index has yet recover from the morning falls.
Profit taking set in for the oil counters. I am still holding on.
Looks a little sleepy now, any comments?
Convicted. another 20 lots at 1.27 with closing.
novicealex ( Date: 12-Jan-2011 16:37) Posted:
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Loaded another 30 lots each at 1.27and 1.28.
novicealex ( Date: 12-Jan-2011 09:31) Posted:
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Hi Traders
Late Afternoon Chart updated 12/01
Personal blogsites:
Http://chartfreely-sg.blogspot.com
http://chartfreely.wordpress.com
http://volume-price-spread-for-metastock.blogspot.com/
Youtube Videos:
http://www.youtube.com/results?search_query=sgtrader1&aq=f
http://www.youtube.com/watch?v=nlNL8hCxq3E
http://www.youtube.com/watch?v=_nHsj_xSAhI&feature=related
Got in another 15 lots at 1.26. Await for the moment..
Target 1.31
novicealex ( Date: 11-Jan-2011 12:06) Posted:
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