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GKE - turnaround company? Post Reply Rate topic
PQTPQK Supreme	09-Jul-2021 14:51        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	break up !!!
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josephyeo Elite	09-Jul-2021 14:38        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	■ We see another strong showing in GKE&rsquo s upcoming FY5/21F results, with c.140% core net profit growth. Dividend payout could also be reinstated. ■ China    operations    are    benefiting from  strong RMC volumes and pricing Singapore is also enjoying optimal utilisation of warehousing space. ■ We reiterate our Add call with a higher TP of S$0.21. FY5/21F preview: 140% core net profit growth We see another strong showing in  GKE&rsquo s upcoming  results  announcement in late-Jul, and estimate  core net  profit  grew c.140% to S$11.3m. We  believe  there  were  twin drivers of growth, with China operations riding on high ready-mixed-concrete (RMC) volumes and pricing while Singapore  operations  benefited  from  robust  performance  in  warehousing. Our core net  profit  excludes  GKE&rsquo s disposal  gain  of c.S$1.5m (pre-tax)  from subsidiary stake sale. With  the  forecast  healthy  financial  performance, we  now  expect GKE to resume dividend payout  (suspended since FY17).  Assuming  a  dividend  payout  ratio of 20%, DPS amounts to 0.28 Scts, representing dividend yield of 2.1%. High RMC volume growth in China We  believe  GKE&rsquo s  Wuzhou  RMC  enjoyed  sturdy  volumes  in  2HFY21F,  riding on 1) its enlarged  capacity  of 50%  (installed  1QCY21),  and  2)  continued  robust  demand  for construction  materials.   According  to CEIC,  fixed  asset  investments  in    Wuzhou  YTD grew  by 25% yoy,   which we    believe is  supportive of   healthy construction activities there. We  also see    margin expansion,    leveraging  on high RMC prices and economies of scale. Overall, we  estimate  GKE&rsquo s    China   operations    recorded  segment  PBT  growth of 101% yoy to    S$14.5m in FY21F. We project   further    earnings    growth in FY22F,    helped by contributions   from  new   growth    initiatives  in Cenxi  City, China,    where  GKE  set up a construction waste material recycling plant (24% stake) and its second RMC plant. Warehousing demand in Singapore remains elevated GKE&rsquo s warehouse utilisation remains optimal due to stockpiling by customers and we believe GKE was able to enjoy elevated rental rates in 2HFY21F through further optimisation of its tenant mix. Industrial tailwinds persist &ndash we note that occupancy rates of industrial warehouses grew to 89.8% in 1QCY21 (1Q20: 87.5%), according to the latest JTC industrial data. We    estimate that   continued strength in     occupancy and cost savings from lease renewal (effective Apr 2021) helped PBT growth of GKE&rsquo s Singapore operations climb 212% yoy to S$5.6m in FY21F we project 40% expansion in FY22F. Reiterate Add, with a higher TP of S$0.21 We raise our FY21-23F EPS forecasts by 5.9-15.6% for higher RMC sales volume assumptions our SOP-based TP is lifted to S$0.21, implying 10.3x CY22F P/E. Potential catalysts include further recovery in Singapore&rsquo s port container throughput and earningsaccretive M& A. Downside risks include a longer-than-expected path to profitability for GKE&rsquo s new growth initiatives Above is an extract from CGSCIMB
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ody2004 Senior	09-Jul-2021 10:12        ody2004 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Boys not in today.. PQTPQK      ( Date: 09-Jul-2021 08:52) Posted: --- Post Removed by User ---
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Skyclimber Member	09-Jul-2021 08:06        Skyclimber About Contact  Quote this Post!
x 0   x 0  Alert Admin	It's a matter of time to reach 0.20. Good fundamental business and there are possibility upgrade to main board soon. PQTPQK      ( Date: 09-Jul-2021 06:04) Posted: Cheong today ? PhillipTan      ( Date: 08-Jul-2021 22:57) Posted: ' Strong showing' expected from GKE in HY results, dividends could resume CGS-CIMB Research analysts Ong Kang Chuen and Kenenth Tan have maintained their " add" call and raised their target price for GKE Corp to 21 cents, up from their previous figure of 18.4 cents. In a July 7 report, the analysts think that dividends from the company, suspended since FY2017, could resume, as they see another strong showing in GKE' s upcoming results announcement. They estimate core net profit will grow 140% to $11.3 million.  The forecast profit excludes GKE' s disposal gain of about $1.5 million (pre-tax) from a subsidiary stake sale.  The analysts see twin drivers of growth, with China operations riding on high ready-mixed-concrete (RMC) volumes and pricing while Singapore operations benefit from robust performance in warehousing. " With the forecast healthy financial performance, we now expect GKE to resume dividend payout. Assuming a dividend payout ratio of 20%, distribution per share (DPS) amounts to 0.28 cents, representing dividend yield of 2.1%." Elaborating in the report, they believe that GKE' s RMC plant in Wuzhou, China enjoyed sturdy volumes in 2HFY2021, riding on its enlarged capacity of 50% (installed 1Q2021), and continued robust demand for construction materials. According to CEIC, fixed asset investments in Wuzhou YTD grew by 25% yoy, which we believe is supportive of healthy construction activities there. We also see margin expansion, leveraging on high RMC prices and economies of scale. Overall, we estimate GKE' s China operations will record segment growth of 101% y-o-y to $14.5 million (profit before tax) in FY2021.  We project further earnings growth in FY2022, helped by contributions from new growth initiatives in Cenxi, China, where GKE set up a construction waste material recycling plant and its second RMC plant. Back at home, Ong and Tan observe that GKE' s warehouse utilisation remains optimal, due to stockpiling by customers, and also believe GKE was able to enjoy elevated rental rates in 2HFY2021 through further optimisation of its tenant mix.  The analysts say industrial tailwinds persist, noting that the occupancy rates of industrial warehouses grew to 89.8% in 1Q2021 compared to 87.5% (1Q2020: 87.5%), according to JTC. They say, " we estimate that continued strength in occupancy and cost savings from lease renewal (effective April 2021) will help GKE' s Singapore operations climb 212% y-o-y to $5.6 million (profit before tax) in FY2021 we project 40% expansion in FY2022." As at 12.39pm, shares of GKE traded at 14 cents, with a FY2021 price to book ratio of 1.28 and dividend yield of 2.06%
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PQTPQK Supreme	09-Jul-2021 06:04        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheong today ? PhillipTan      ( Date: 08-Jul-2021 22:57) Posted: ' Strong showing' expected from GKE in HY results, dividends could resume CGS-CIMB Research analysts Ong Kang Chuen and Kenenth Tan have maintained their " add" call and raised their target price for GKE Corp to 21 cents, up from their previous figure of 18.4 cents. In a July 7 report, the analysts think that dividends from the company, suspended since FY2017, could resume, as they see another strong showing in GKE' s upcoming results announcement. They estimate core net profit will grow 140% to $11.3 million.  The forecast profit excludes GKE' s disposal gain of about $1.5 million (pre-tax) from a subsidiary stake sale.  The analysts see twin drivers of growth, with China operations riding on high ready-mixed-concrete (RMC) volumes and pricing while Singapore operations benefit from robust performance in warehousing. " With the forecast healthy financial performance, we now expect GKE to resume dividend payout. Assuming a dividend payout ratio of 20%, distribution per share (DPS) amounts to 0.28 cents, representing dividend yield of 2.1%." Elaborating in the report, they believe that GKE' s RMC plant in Wuzhou, China enjoyed sturdy volumes in 2HFY2021, riding on its enlarged capacity of 50% (installed 1Q2021), and continued robust demand for construction materials. According to CEIC, fixed asset investments in Wuzhou YTD grew by 25% yoy, which we believe is supportive of healthy construction activities there. We also see margin expansion, leveraging on high RMC prices and economies of scale. Overall, we estimate GKE' s China operations will record segment growth of 101% y-o-y to $14.5 million (profit before tax) in FY2021.  We project further earnings growth in FY2022, helped by contributions from new growth initiatives in Cenxi, China, where GKE set up a construction waste material recycling plant and its second RMC plant. Back at home, Ong and Tan observe that GKE' s warehouse utilisation remains optimal, due to stockpiling by customers, and also believe GKE was able to enjoy elevated rental rates in 2HFY2021 through further optimisation of its tenant mix.  The analysts say industrial tailwinds persist, noting that the occupancy rates of industrial warehouses grew to 89.8% in 1Q2021 compared to 87.5% (1Q2020: 87.5%), according to JTC. They say, " we estimate that continued strength in occupancy and cost savings from lease renewal (effective April 2021) will help GKE' s Singapore operations climb 212% y-o-y to $5.6 million (profit before tax) in FY2021 we project 40% expansion in FY2022." As at 12.39pm, shares of GKE traded at 14 cents, with a FY2021 price to book ratio of 1.28 and dividend yield of 2.06%
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PhillipTan Supreme	08-Jul-2021 22:57        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	' Strong showing' expected from GKE in HY results, dividends could resume CGS-CIMB Research analysts Ong Kang Chuen and Kenenth Tan have maintained their " add" call and raised their target price for GKE Corp to 21 cents, up from their previous figure of 18.4 cents. In a July 7 report, the analysts think that dividends from the company, suspended since FY2017, could resume, as they see another strong showing in GKE' s upcoming results announcement. They estimate core net profit will grow 140% to $11.3 million.  The forecast profit excludes GKE' s disposal gain of about $1.5 million (pre-tax) from a subsidiary stake sale.  The analysts see twin drivers of growth, with China operations riding on high ready-mixed-concrete (RMC) volumes and pricing while Singapore operations benefit from robust performance in warehousing. " With the forecast healthy financial performance, we now expect GKE to resume dividend payout. Assuming a dividend payout ratio of 20%, distribution per share (DPS) amounts to 0.28 cents, representing dividend yield of 2.1%." Elaborating in the report, they believe that GKE' s RMC plant in Wuzhou, China enjoyed sturdy volumes in 2HFY2021, riding on its enlarged capacity of 50% (installed 1Q2021), and continued robust demand for construction materials. According to CEIC, fixed asset investments in Wuzhou YTD grew by 25% yoy, which we believe is supportive of healthy construction activities there. We also see margin expansion, leveraging on high RMC prices and economies of scale. Overall, we estimate GKE' s China operations will record segment growth of 101% y-o-y to $14.5 million (profit before tax) in FY2021.  We project further earnings growth in FY2022, helped by contributions from new growth initiatives in Cenxi, China, where GKE set up a construction waste material recycling plant and its second RMC plant. Back at home, Ong and Tan observe that GKE' s warehouse utilisation remains optimal, due to stockpiling by customers, and also believe GKE was able to enjoy elevated rental rates in 2HFY2021 through further optimisation of its tenant mix.  The analysts say industrial tailwinds persist, noting that the occupancy rates of industrial warehouses grew to 89.8% in 1Q2021 compared to 87.5% (1Q2020: 87.5%), according to JTC. They say, " we estimate that continued strength in occupancy and cost savings from lease renewal (effective April 2021) will help GKE' s Singapore operations climb 212% y-o-y to $5.6 million (profit before tax) in FY2021 we project 40% expansion in FY2022." As at 12.39pm, shares of GKE traded at 14 cents, with a FY2021 price to book ratio of 1.28 and dividend yield of 2.06%
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josephyeo Elite	08-Jul-2021 19:46        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	It' s punting and speculating for the moment. I am ignoring all these and waiting for a good set of result end of this month.
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ody2004 Senior	08-Jul-2021 17:07        ody2004 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wah this BB scary...
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yamseng Supreme	08-Jul-2021 17:06        yamseng About Contact  Quote this Post!
x 0   x 0  Alert Admin	real selling !!
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goldenpiggy Veteran	08-Jul-2021 17:02        goldenpiggy About Contact  Quote this Post!
x 0   x 0  Alert Admin	no covering so i think tomorrow will gap down on opening...
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goldenpiggy Veteran	08-Jul-2021 16:29        goldenpiggy About Contact  Quote this Post!
x 0   x 0  Alert Admin	back to sqaure one.. managed to let go at .153 and then shorted. will cover already. brchkho1      ( Date: 08-Jul-2021 16:16) Posted: Come down will be just as fast. Look at the candle sticks. Skyclimber      ( Date: 08-Jul-2021 15:14) Posted: Going up too fast.. How far can it go!
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brchkho1 Master	08-Jul-2021 16:16        brchkho1 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Come down will be just as fast. Look at the candle sticks. Skyclimber      ( Date: 08-Jul-2021 15:14) Posted: Going up too fast.. How far can it go!
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brchkho1 Master	08-Jul-2021 16:13        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Must be thankful to those who caught it above 0.15. Keep my profit first. Best of luck to those who bought at the heights. goldenpiggy      ( Date: 08-Jul-2021 16:04) Posted: BBs could have shorted big time at .154/.155
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goldenpiggy Veteran	08-Jul-2021 16:04        goldenpiggy About Contact  Quote this Post!
x 0   x 0  Alert Admin	BBs could have shorted big time at .154/.155
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Skyclimber Member	08-Jul-2021 16:02        Skyclimber About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, faster sell if not too late already.. u sell someone will buy. coolbear123      ( Date: 08-Jul-2021 15:50) Posted: Don' t listen to his rubbish. You have profits you sell now. HungerStrike      ( Date: 08-Jul-2021 15:25) Posted: Can hint abit what price u going to sell? give second digit can liao.... 6,7,8 or 9? lol....
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coolbear123 Senior	08-Jul-2021 15:50        coolbear123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t listen to his rubbish. You have profits you sell now. HungerStrike      ( Date: 08-Jul-2021 15:25) Posted: Can hint abit what price u going to sell? give second digit can liao.... 6,7,8 or 9? lol..... Skyclimber      ( Date: 08-Jul-2021 15:15) Posted: if i sell, there will be a big drop...:)
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easywin Supreme	08-Jul-2021 15:49        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX tech stocks also under selling pressure.  Skyclimber      ( Date: 08-Jul-2021 15:46) Posted: US future drop 390 points already! easywin      ( Date: 08-Jul-2021 15:40) Posted: Tech stocks was suppres
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Skyclimber Member	08-Jul-2021 15:46        Skyclimber About Contact  Quote this Post!
x 0   x 0  Alert Admin	US future drop 390 points already! easywin      ( Date: 08-Jul-2021 15:40) Posted: Tech stocks was suppress PQTPQK      ( Date: 08-Jul-2021 15:34) Posted: why drop so much  ??
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Skyclimber Member	08-Jul-2021 15:45        Skyclimber About Contact  Quote this Post!
x 0   x 0  Alert Admin	No profit how to take.. 😂 easywin      ( Date: 08-Jul-2021 15:28) Posted: Got profit take first as Hang Seng index dropped 800 points
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easywin Supreme	08-Jul-2021 15:40        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tech stocks was suppress PQTPQK      ( Date: 08-Jul-2021 15:34) Posted: why drop so much  ??? easywin      ( Date: 08-Jul-2021 15:28) Posted: Got profit take first as Hang Seng index dropped 800 points
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