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681-700 of 1293
Get ready for the leap
Investors should look beyond 4Q12 to focus on FY13 as Ezra is on track
to deliver 125% earnings growth. The growth would be led by better
subsea utilisation, a recovery in day rates for its offshore division and
stronger orders for niche self-elevating units, benefiting Triyards.
Ezra will recongise US$1bn of subsea revenue in FY13. Triyards to benefit from strong demand for liftboats. Maintain
Outperform and target price of S$1.38, still based on 12x CY13 P/E
(5-year mean for small/mid-cap industrials). We forecast a 125% earnings
growth in Fy13 and 42% 2-year earnings CAGR until FY14, with the potential
for upside from margin expansion at Subsea and Offshore. Our FY13-14
forecasts are 12% below consensus. Upside could come from: 1)
stronger-than-expected orders for Subsea and Triyards and 2)
better-than-expected margins.
when will that be man
emm I'm still waiting fr Erza to give Triyards share as divi ....
still hanging on strong
damn all my words coming true .
JustinQuek ( Date: 19-Sep-2012 22:19) Posted:
lol this sounds like sour grape
but sigh..
But then i think ezra has reach its peak and its correction due which will be tmr.but then enter on dip would be good .new entry point 1.19
Sgshares ( Date: 19-Sep-2012 21:15) Posted:
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lol this sounds like sour grape
but sigh..
But then i think ezra has reach its peak and its correction due which will be tmr.but then enter on dip would be good .new entry point 1.19
Sgshares ( Date: 19-Sep-2012 21:15) Posted:
Thank u....nice TP
shadowmoon ( Date: 19-Sep-2012 21:07) Posted:
| Triyards in sweet spot for SEU demand: CIMB |
Tags: Triyards | WRITTEN BY THE EDGE | | WEDNESDAY, 19 SEPTEMBER 2012 16:4 | CIMB says it is positive on Triyards, Ezra’s fabrication division, after a management meeting.
It notes Triyards’ orderbook is US$200 million ($245 million) “it is in a sweet spot to benefit from growing demand for niche self-elevating units (SEUs). Our checks on the ground with several Singapore O& M operators confirm Triyards’ good reputation for execution, especially in the construction of turnkey SEUs.” It estimates Triyards’ market cap could amount to $250 million, or $0.86/share, based on 11x 2013 P/E, after its listing.
CIMB is neutral on Ezra’s recent issues of $200 million three-year 5% fixed-rate bonds and $150 million perpetual bonds at 8.75% while net gearing should improve, FY13 ROEs could be diluted to about 8%, leaving little room for error as it is near the coupon rates, it says.
But it adds, “investors should look beyond 4Q12 to focus on FY13 as Ezra is on track to deliver 125% earnings growth. The growth would be led by better subsea utilisation, a recovery in day rates for its offshore division and stronger orders for niche self-elevating units, benefiting Triyards.”
It keeps an Outperform call with $1.38 target. Ezra is up 4.2% at $1.23.
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Thank u....nice TP
shadowmoon ( Date: 19-Sep-2012 21:07) Posted:
| Triyards in sweet spot for SEU demand: CIMB |
Tags: Triyards | WRITTEN BY THE EDGE | | WEDNESDAY, 19 SEPTEMBER 2012 16:4 | CIMB says it is positive on Triyards, Ezra’s fabrication division, after a management meeting.
It notes Triyards’ orderbook is US$200 million ($245 million) “it is in a sweet spot to benefit from growing demand for niche self-elevating units (SEUs). Our checks on the ground with several Singapore O& M operators confirm Triyards’ good reputation for execution, especially in the construction of turnkey SEUs.” It estimates Triyards’ market cap could amount to $250 million, or $0.86/share, based on 11x 2013 P/E, after its listing.
CIMB is neutral on Ezra’s recent issues of $200 million three-year 5% fixed-rate bonds and $150 million perpetual bonds at 8.75% while net gearing should improve, FY13 ROEs could be diluted to about 8%, leaving little room for error as it is near the coupon rates, it says.
But it adds, “investors should look beyond 4Q12 to focus on FY13 as Ezra is on track to deliver 125% earnings growth. The growth would be led by better subsea utilisation, a recovery in day rates for its offshore division and stronger orders for niche self-elevating units, benefiting Triyards.”
It keeps an Outperform call with $1.38 target. Ezra is up 4.2% at $1.23.
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Sgshares ( Date: 19-Sep-2012 16:13) Posted:
| What's your target price for this? Thanks
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| Triyards in sweet spot for SEU demand: CIMB |
Tags: Triyards
| WRITTEN BY THE EDGE |
| WEDNESDAY, 19 SEPTEMBER 2012 16:4 |
CIMB says it is positive on Triyards, Ezra’s fabrication division, after a management meeting.
It notes Triyards’ orderbook is US$200 million ($245 million) “it is in a sweet spot to benefit from growing demand for niche self-elevating units (SEUs). Our checks on the ground with several Singapore O& M operators confirm Triyards’ good reputation for execution, especially in the construction of turnkey SEUs.” It estimates Triyards’ market cap could amount to $250 million, or $0.86/share, based on 11x 2013 P/E, after its listing.
CIMB is neutral on Ezra’s recent issues of $200 million three-year 5% fixed-rate bonds and $150 million perpetual bonds at 8.75% while net gearing should improve, FY13 ROEs could be diluted to about 8%, leaving little room for error as it is near the coupon rates, it says.
But it adds, “investors should look beyond 4Q12 to focus on FY13 as Ezra is on track to deliver 125% earnings growth. The growth would be led by better subsea utilisation, a recovery in day rates for its offshore division and stronger orders for niche self-elevating units, benefiting Triyards.”
It keeps an Outperform call with $1.38 target. Ezra is up 4.2% at $1.23.
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Sgshares ( Date: 19-Sep-2012 16:13) Posted:
What's your target price for this? Thanks
tonylim ( Date: 19-Sep-2012 15:42) Posted:
Overtaking Ezion soon...very strong and high volumn
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ouch just sold off this golden goose. sad. : (
tonylim ( Date: 19-Sep-2012 16:20) Posted:
Will only consider loading off after it has overtaken its younger sister Ezion which is persistently moving up when Ezra moves towards narrowing the gap
Sgshares ( Date: 19-Sep-2012 16:13) Posted:
| What's your target price for this? Thanks
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Will only consider loading off after it has overtaken its younger sister Ezion which is persistently moving up when Ezra moves towards narrowing the gap
Sgshares ( Date: 19-Sep-2012 16:13) Posted:
What's your target price for this? Thanks
tonylim ( Date: 19-Sep-2012 15:42) Posted:
Overtaking Ezion soon...very strong and high volumn
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What's your target price for this? Thanks
tonylim ( Date: 19-Sep-2012 15:42) Posted:
Overtaking Ezion soon...very strong and high volumn
JustinQuek ( Date: 19-Sep-2012 15:33) Posted:
| wah wasted jump up so fast liao took profit too early sianz bye bye ezra : |
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Overtaking Ezion soon...very strong and high volumn
JustinQuek ( Date: 19-Sep-2012 15:33) Posted:
wah wasted jump up so fast liao took profit too early sianz bye bye ezra : )
JustinQuek ( Date: 19-Sep-2012 15:00) Posted:
i have sold at 1.22 20 secs ago everything.good luck to you : )
i wanted to hold then again .
when want to buy must sell when want to hold must sell when want to sell must buy |
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wah wasted jump up so fast liao took profit too early sianz bye bye ezra : )
JustinQuek ( Date: 19-Sep-2012 15:00) Posted:
i have sold at 1.22 20 secs ago everything.good luck to you : )
i wanted to hold then again .
when want to buy must sell when want to hold must sell when want to sell must buy.
tonylim ( Date: 19-Sep-2012 13:28) Posted:
| ahold till it overtake Ezion |
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i have sold at 1.22 20 secs ago everything.good luck to you : )
i wanted to hold then again .
when want to buy must sell when want to hold must sell when want to sell must buy.
tonylim ( Date: 19-Sep-2012 13:28) Posted:
ahold till it overtake Ezion.
JustinQuek ( Date: 17-Sep-2012 23:50) Posted:
| quote what should i do with this been holding this for as long as you even before u boarded. need advice : |
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ahold till it overtake Ezion.
JustinQuek ( Date: 17-Sep-2012 23:50) Posted:
quote what should i do with this been holding this for as long as you even before u boarded. need advice : )
tonylim ( Date: 17-Sep-2012 16:09) Posted:
| It seemed like this stock and I have yen... never dissapoint me... it dropped initially when I bought and I averaged down and now it is surging... very happy and hope it reach 1.50 soon. Its younger sister Ezion is also doing very well and has overtaken it |
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quote what should i do with this been holding this for as long as you even before u boarded. need advice : )
tonylim ( Date: 17-Sep-2012 16:09) Posted:
It seemed like this stock and I have yen... never dissapoint me... it dropped initially when I bought and I averaged down and now it is surging... very happy and hope it reach 1.50 soon. Its younger sister Ezion is also doing very well and has overtaken it
susan66 ( Date: 17-Sep-2012 15:26) Posted:
Wow, so bullish, just break $1.20 still moving up!  |
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It seemed like this stock and I have yen... never dissapoint me... it dropped initially when I bought and I averaged down and now it is surging... very happy and hope it reach 1.50 soon. Its younger sister Ezion is also doing very well and has overtaken it
susan66 ( Date: 17-Sep-2012 15:26) Posted:
| Wow, so bullish, just break $1.20 still moving up! |
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Wow, so bullish, just break $1.20 still moving up!
Wah very good news.STrong support coming
Just receive a circular on renewal of sharebuyback mandate
Looks like company embarking on a sharebuyback scheme soon.
Think i will keep it for longer haha.
shadowmoon ( Date: 13-Sep-2012 21:28) Posted:
This time want it to get to $2 range...seem not so soon ha.
Me vested in this one also....
Hope it fly higher soon
tonylim ( Date: 13-Sep-2012 11:56) Posted:
This stock enriched me with 30K before when it touches above $2.
Hope this time round is the same as I have loaded it at 1.15 with 20 lot |
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