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Latest Posts By shareluck - Veteran      About shareluck
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07-Nov-2013 17:22 Tiong Woon   /   Tiong Woon       Go to Message
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x 0 		huat    ah
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17-Oct-2013 14:25 Tiong Woon   /   Tiong Woon       Go to Message
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is surely a ang pao stock at this price

huat ah!
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13-Oct-2013 15:18 Tiong Woon   /   Tiong Woon       Go to Message
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x 0 		maintain B  UY

WanSiTong      ( Date: 09-Oct-2013 20:37) Posted:



       

Tiong Woon Corp - completed the sale of their loss making shipyard in Bintan yesterday

■ Tiong Woon Corp (TWC) has finally completed the sale of their loss making shipyard in Bintan yesterday. 




■ This is a very positive development as the shipyard lost close to $3mln last year and was sold for $18mln, reaping them a one-time gain of $2.7mln. 





■ TWC?s cash holdings will be increased by 75% from $24mln to $42mln. 




■ Net gearing will improve from 33% to a healthy 25%.

■ This will come in handy to fund the company?s expansion plans as management seeks to expand into the Iskandar region to capitalize on the region?s expected construction boom over the next few years.

■ As well, management is contemplating expanding their Singapore facilities as their current operating space is getting tight based on their current runrate and orders.
■ This is because a key customer of TWC, Rotary Engineering has secured a record order book of just over $1bln, which is expected to be delivered over the next 2 years.

■ Other oil related customers such as Total, Sinopec and Shell are also expanding aggressively in Tuas (Singapore Lube Park).

■ After the sale of the loss making yard, this year (ending June?14) will benefit from the absence of close to $3mln in operating losses attributed to the yard.

■ This will see TWC easily achieving our 25% net profit growth projection for full year ending June?14 of $22.5mln, translating to a forward PE of 7x.

■ This is undemanding relative to its growth prospects of 25% as well as peers such as Tat Hong?s 10x and Hiap Tong?s 9x. ■ TWC?s NTA of 52 cents means its price to book is only 0.65x and we note that its assets have not been re-valued and are kept at historical cost.

■ If TWC can trade up to its peer group average PE of 9.5x, there is potentially an upside of 36% to 46 cents, which would still put it at a discount to its NTA of 52 cents.

■ We maintain BUY. (Read Report)


 

FURTHER ANNOUNCEMENT ON THE PROPOSED DISPOSAL OF 100% INTEREST IN A WHOLLY-OWNED SUBSIDIARY   

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BF101020BA3F4FC448257B810041C707/$file/TWCH_SPA_5June2013.pdf?openelement

WanSiTong         ( Date: 09-May-2013 09:26) Posted:

Profit from the disposal have not been  taken up in this yr accounts yet!


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11-Oct-2013 11:39 Rotary Engg   /   Rotary       Go to Message
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x 0 		70 cents soon
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11-Oct-2013 10:40 Tiong Woon   /   Tiong Woon       Go to Message
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small brother got problem to cross over $0.0355

jia you TiongWoon
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10-Oct-2013 23:11 Watches.com Rg   /   Ntegrator .The Hot Telecom of Myanmar       Go to Message
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x 0 		W Corp is boring stock
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10-Oct-2013 18:02 Tiong Woon   /   Tiong Woon       Go to Message
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I think small brother TiongWoon will catch up soon or else no face
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10-Oct-2013 17:42 Tiong Woon   /   Tiong Woon       Go to Message
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want to come want to come like that but still no east wind

but no east wind still better than leak wind

lucky got abit of brother Rotary share

they used to move side by side many years ago
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10-Oct-2013 17:32 Watches.com Rg   /   Ntegrator .The Hot Telecom of Myanmar       Go to Message
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Mr N used to be highier than  W Corp

I think rebound will be better than W Corp

I Cut W Corp and enter Mr N as RTO also cannot push up the share price

hope is a right decision

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09-Oct-2013 13:01 ICP   /   ICP       Go to Message
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still got naughty boy play around

keep it up

long live penny stocks

 
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09-Oct-2013 12:14 Tiong Woon   /   Tiong Woon       Go to Message
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big brother Rotary move up from below 50 cents to near 70 cents

waiting for TiongWoon to break out
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03-Oct-2013 15:07 Watches.com Rg   /   Ntegrator .The Hot Telecom of Myanmar       Go to Message
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x 0 		make shortist cry
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03-Oct-2013 14:50 Polaris   /   Polaris really going big time!       Go to Message
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x 0 		so many buyer at $0.022 wating for contrarian
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03-Oct-2013 14:47 Watches.com Rg   /   Ntegrator .The Hot Telecom of Myanmar       Go to Message
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x 0 		Mr N please go North
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25-Sep-2013 13:34 Polaris   /   Polaris really going big time!       Go to Message
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hope can touch $0.03 today

cheer
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25-Sep-2013 12:09 Polaris   /   Polaris really going big time!       Go to Message
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has been very active for last few days

is mater of time to breakout

hope to surge  over previous high of   $0.039
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23-Sep-2013 23:18 Polaris   /   Polaris really going big time!       Go to Message
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hoe say liao tmr

 
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23-Sep-2013 14:17 Polaris   /   Polaris really going big time!       Go to Message
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x 0 		dont know must wait until when if dont cheong today 
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23-Sep-2013 13:51 Polaris   /   Polaris really going big time!       Go to Message
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after weak holder sold 15m at $0.022

can feel some strength now
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12-Sep-2013 12:00 Polaris   /   Polaris really going big time!       Go to Message
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Good NAV $0.061

Good aquisition

Good market sentiment

Good time to cheong

 
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