| Latest Forum Topics / PEC |
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healthway, healthy?
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cccx123
Elite |
27-Oct-2013 17:33
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Very disappointing.. During the AGM last year management was grilled on the Audex Verwater incident and some accounting issues as well. But this time round...yea when the meeting was over quite a number went out immediately for food. Tsk..i did not touch any good or drink though. Was in a hurry and left immediately. Then after AGM, share price dropped knn..
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serious
Master |
26-Oct-2013 21:05
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Now proven many or even all went there for food. What a joke !
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cccx123
Elite |
26-Oct-2013 20:56
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Well, the AGM last Friday was a joke. Management got off easy since no one asked any questions during the Q&A session. I was hoping someone would be brave enough to question but no one did. I myself did not because I asked the CEO personally before the meeting and it would have looked silly to repeat the questions. | ||||
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chinhomia
Member |
14-Oct-2013 20:53
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Usually, PEC won lots maintenance contract and project which are low profit margin while Rotary  won lot EPC project which higher profit margin(also higher risk - Fujarah project was a good example). Recently, Rotary won lots EPC project which will contribute in their cash flow. think PEC yet to announce some project that they won recently. |
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cccx123
Elite |
14-Oct-2013 18:15
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In this case, shareholders should query PEC management on this. I have only studied rotary and PEC and concluded that PEC was the better choice with its attractive dividend yield, trading price at deep discount to NAV (Rotary is trading at a premium) and relatively low PE ratio of 13.
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serious
Master |
14-Oct-2013 18:04
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Hai Leck is a small outfit but seems to enjoy better profit margin. | ||||
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cccx123
Elite |
14-Oct-2013 18:00
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For any growth company, the first goal is to increase and protect its existing market share. PEC has a vertically integrated EPC structure that helps boost its margins by prevent 'leakages' due to outsourcing. The 33 million sgd of cross sales in AR2013 is clear proof of that. Without such integration, the top and bottom lines would have been much lower and depressing. The government's attempt to foster an LNG trading hub in Singapore should help PEC win more contracts as it has he relevant expertise. One problem is that rotary tends to get more coverage than PEC for some reason.
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edwinjup
Supreme |
14-Oct-2013 17:59
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Should fire them with tonnes of questions during coming agm...so much of.money and do nothings..cash pile for development | ||||
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serious
Master |
14-Oct-2013 17:51
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PEC won the jobs by lowing its profit margin, so no big deal . | ||||
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cccx123
Elite |
14-Oct-2013 17:46
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One reliable indication of a successful and growing company is not simply its ability to secure new contracts from new clients, but to secure new contracts from its existing client base. The signing of almost 50million sgd worth of contracts is proof of that. I have confidence in this company going forward. It's 4% dividend yield is extremely attractive even if capital appreciation is found slightly wanting with PEC's share price trading at such a deep discount to an NAV of 83cents, according tot he most recent annual report 2013.
During the AGM, we need to query the board on its cash flows and ability to expand into new segments. Mr Dumpeling did not elaborate on what new fields PEC will be venturing into in his most recent statement on the contract wins. We can expect stability in PEC's share price since more than 30% of it is held by Edna or her nominees, the current chairperson of this company. Sitting tight and getting ready to receive my dividend cheque. :) |
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tonylim
Master |
14-Oct-2013 09:01
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PEC like Rotary is a robust company with very strong fundamentals and a holistic capability in plant infrastructure and project management. Vested.
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cccx123
Elite |
13-Oct-2013 15:49
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The bollinger bands are also tightening, indicating a breakout or breakdown. The signal line of the MACD is converging upwards while the stochastic oscillators are showing renewed signs of life after the downtrend. 100, 50 and 20 day MAs are also stabilizing with the cross between the 100 day MA and 50 day MA occurring on late October.
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cccx123
Elite |
13-Oct-2013 15:35
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Bought a lot of PEC stock last week. Have been studying its financial reports and although I find management to be extremely conservative, such a route is understandable in the uncertain economic climate. The huge cash pile of 35-40cents per share will go a long way in helping the company withstand any headwinds in the future. A stock price of 60cents does not do justice to an NAV of 80cents.
With the Verwater-Audex saga behind the company we can expect PEC to follow the recent uptrend Rotary is enjoying. PEC and Rotary's stock price more often than not tend to track each other. Thus far, we are I only seeing Rotary's stock moving while PEC's continues to consolidate at the 60cent range. With the Blumont and penny stock saga, more money is going to be directed to companies with strong fundamentals and the ability to pay dividends. PEC with a dividend of 2.5cent give us a 4% yield at current price. On the other hand, the last dividend paid by Rotary, 0.5cents gave only an yield of 1%. With a strong balance sheet, recurring cash flows from maintenance projects and huge cash pile. PEC is primed to expand its reach into the oil and gas business. If the company can take advantage of the shale gas boom, a slightly different we may see the stock trading at $1 once more. On a technical view, the nearest support turned resistance to any uptrend would be 63cents. The last attempt to break this resistance failed in mid-September and the stock price retraced back to 60cents. It is high time PEC ventured up again. Good luck to all vested. |
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Polarbear55
Senior |
18-Sep-2013 16:53
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Cheong Ah!!! Huat time ahead! 😃 😃 💰 💰 💰 | ||||
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shygiraffe
Member |
18-Sep-2013 15:39
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lai liao...... looking good |
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edwinjup
Supreme |
18-Sep-2013 14:51
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Start to move...got.some projects.or.mgt buy | ||||
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AAwang
Member |
01-Sep-2013 15:42
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this is a cyclical stock and Pec has almost negative free cash flow for last 3 years. Besides, looking at the thin margin ( which is less than 3%), i really don't have confidence on this stock, especially no much good news from pec for a while.  |
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Polarbear55
Senior |
22-Aug-2013 18:13
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Nice move today! 😊 ...will accelerate once clear $0.615 👍 | ||||
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francisd
Master |
22-Aug-2013 10:32
Yells: "BUY LOW SELL HIGH" |
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PEC continues to give 2.5 cents dividend. Cheers.   |
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bryancbq
Master |
21-Aug-2013 22:44
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I like the fact that the coy is able to secure more new contracts, but profits havent been stellar due to rising cost pressure which squeeze their margins. Might not be accurate to compare to historical low as previously, there werent so many govt interventions in terms of foreign labour in singapore | ||||
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