Triyards    Last:0.084   -

Mid to long term - should be good.

best time to vest in gd stocks is  when the interests in low..

when you have 1st mover advantage, must  exercise patience to bear the fruits of your labour..

remember true value of a good stock will catch up with its price eventually

gd luck dyodd

 

 

Me too bro... I'm vested during their IPO placement... Bought at high price also to add to holding during 1st day trading. Have kept it in the safe ever since bro. Sian...

 

vested for close to 5 moths already,0 returns so far . but im still silently praying. its a good stock

 

Ezra triggered! hope this will rub off on Triyards..

Time: 9:36AM
Exchange: SGX
Stock: Ezra(5DN)
Signal: Resistance - Breakout with High Volume
Last Done: $1.01

gd luck dyodd

sunview      ( Date: 03-Jun-2013 16:58) Posted: One of UOB-KH’s mid-cap pick The group is in a net cash position and we see further catalyst from the roll-out of its revolutionary third-generation liftboat, which will have the capabilities of a fullfledged jack-up at a 20% discount. UOB-KH has a target price of $1.11. At current price of $0.735, the stock is a laggard, trading at prospective PE of 6.0x and 5.2x for FY13 and FY14 respectively. BACKGROUND Triyards is an offshore fabricator specialising in: a) advanced construction and offshore support vessels (OSV), and b) self-elevating units (SEU), including liftboats. Liftboats are self-propelled, self-elevating mobile platforms used for servicing fixed offshore installations. Triyards operates two yards in Vietnam and one fabrication facility in Houston, US.OUTLOOK/RECOMMENDATION • Proxy to growing acceptance of liftboats. Triyards is a proxy to the growing acceptance of liftboats internationally, being one of the few yards outside the US capable of building such vessels. In the past, liftboats were used solely in the US Gulf of Mexico, but are now gaining traction internationally as the industry recognises liftboats as a safer and more efficient alternative to traditional work barges. • Launched third-generation SEU design. Triyards has launched its proprietary TDU-400 jack-up rig, which is a lightweight drilling unit with the full capabilities of a jack-up rig, but at 80% of the cost. The TDU-400 rig will cost up to US$160m-180m per unit, compared with US$60m and US$90m for third-party designed first- and second-generation liftboats respectively. • Geared for growth. Triyards will embark on further growth by: a) expanding ship repair capacity, b) diversifying into new products such as high-speed aluminum commercial and patrol vessels, and c) growing its equipment business and branding. • Seeing strong enquiries from SEA and the US. According to management, Triyards is seeing healthy liftboat enquiries from Southeast Asia and the US. Several US liftboat owners are considering building their vessels in cheaper countries, such as Vietnam, instead of the US, where shipbuilding costs are 10-15% lower. • Maintain BUY and target price of S$1.11, pegged at 7.9x FY14F PE, a 10% discount to peers’ average of 8.8x FY14F PE, due to Triyards’ shorter operating track record and lumpy profit recognition from Ezra’s Lewek Constellation, which comprises 17% of FY14F net profit. ozone2002      ( Date: 03-Jun-2013 15:23) Posted: i was looking through the financials of Triyards.. didn't know it's such an undervalued stock.. single digit PE and decent earnings.. wonder if  Triyards+Ezra Parent  has the same effect as Swiber-Kreuz gd luck dyodd

 

One of UOB-KH’s mid-cap pick

The group is in a net cash position and we see further catalyst from the roll-out of its revolutionary third-generation liftboat, which will have the capabilities of a fullfledged jack-up at a 20% discount. UOB-KH has a target price of $1.11. At current price of $0.735, the stock is a laggard, trading at prospective PE of 6.0x and 5.2x for FY13 and FY14 respectively.

BACKGROUND

Triyards is an offshore fabricator specialising in: a) advanced construction and offshore support vessels (OSV), and b) self-elevating units (SEU), including liftboats. Liftboats are self-propelled, self-elevating mobile platforms used for servicing fixed offshore installations. Triyards operates two yards in Vietnam and one fabrication facility in Houston, US.OUTLOOK/RECOMMENDATION

• Proxy to growing acceptance of liftboats. Triyards is a proxy to the growing acceptance of liftboats internationally, being one of the few yards outside the US capable of building such vessels. In the past, liftboats were used solely in the US Gulf of Mexico, but are now gaining traction internationally as the industry recognises liftboats as a safer and more efficient alternative to traditional work barges.

• Launched third-generation SEU design. Triyards has launched its proprietary TDU-400 jack-up rig, which is a lightweight drilling unit with the full capabilities of a jack-up rig, but at 80% of the cost. The TDU-400 rig will cost up to US$160m-180m per unit, compared with US$60m and US$90m for third-party designed first- and second-generation liftboats respectively.

• Geared for growth. Triyards will embark on further growth by: a) expanding ship repair capacity, b) diversifying into new products such as high-speed aluminum commercial and patrol vessels, and c) growing its equipment business and branding.

• Seeing strong enquiries from SEA and the US. According to management, Triyards is seeing healthy liftboat enquiries from Southeast Asia and the US. Several US liftboat owners are considering building their vessels in cheaper countries, such as Vietnam, instead of the US, where shipbuilding costs are 10-15% lower.

• Maintain BUY and target price of S$1.11, pegged at 7.9x FY14F PE, a 10% discount to peers’ average of 8.8x FY14F PE, due to Triyards’ shorter operating track record and lumpy profit recognition from Ezra’s Lewek Constellation, which comprises 17% of FY14F net profit.

ozone2002      ( Date: 03-Jun-2013 15:23) Posted: i was looking through the financials of Triyards.. didn't know it's such an undervalued stock.. single digit PE and decent earnings.. wonder if  Triyards+Ezra Parent  has the same effect as Swiber-Kreuz gd luck dyodd

 

i was looking through the financials of Triyards..

didn't know it's such an undervalued stock..

single digit PE and decent earnings..

wonder if  Triyards+Ezra Parent  has the same effect as Swiber-Kreuz

gd luck dyodd

 

highly undervalued counter. price down due to parent ezra.

 

All watching budget.....

Chewbecca      ( Date: 25-Feb-2013 16:05) Posted: Stock has gone to sleep. Volumes dying. Have speculators deserted this counter. Vested.

 

Stock has gone to sleep. Volumes dying. Have speculators deserted this counter. Vested.

 

With two yards in Vietnam and a fabrication facility in the US, Triyards Holdings Ltd (Triyards) is an engineering and fabrication solutions provider focused on the offshore oil and gas industry. Unlike many shipyards, the group has a strategic focus on the construction of self-elevating units (liftboats), having established a significant track record. Originating from Ezra Holdings which holds a 67% stake currently, Triyards may be able to be involved in some of the projects that Ezra undertakes and tap into Ezra’s clientele base. Trading at 6.7x FY13F EPS and 5.7x FY14F EPS, Triyards’s valuations are undemanding. Based on 8x FY13/14F earnings, we derive a fair value estimate of S$1.07. Initiate with BUY.

Engineering and fabrication solutions provider with strategic focus
With two yards in Vietnam and a fabrication facility in the US, Triyards Holdings Ltd (Triyards) is an engineering and fabrication solutions provider focused on the offshore oil and gas industry. Unlike many shipyards, the group has a strategic focus on the construction of self-elevating, self-propelled accommodation and construction units (liftboats), having established a significant track record. The group is well positioned to secure more orders for such units, which is gaining acceptance internationally due to increase recognition of its advantages over traditional work barges. Triyards also has the capability to build technologically advanced construction vessels (OSCV) and offshore support vessels (OSV).

Backing from the Ezra Group
Triyards originated from Ezra Holdings, which currently holds a 67.0% stake. Close links between both companies mean that Triyards may be able to be involved in some of the projects that Ezra undertakes and tap into Ezra’s clientele base.

Plans to expand product range and upgrade capabilities
Looking ahead, Triyards plans to focus on complex and sophisticated liftboats, OSCVs and OSVs while building up in-house engineering capabilities to commission its own designs of self-elevating units. The group also intends to diversify into new products and expand its ship repair business.

Initiate with BUY valuations undemanding
Stocks of small-mid sized yards are trading at about 10.8x FY13F earnings and 8.2x FY14F earnings. Due to Triyards’s short operating history (since 2007), we use a PER of 8x (based on FY13/14F earnings), as we conservatively accord a ~15% discount from the industry average of 9.5x. This results in a fair value estimate of S$1.07. Initiate with BUY for a 29.7% upside potential.

 

This one no backbone one. speculative move up than subsequent 3 days fall 2 cents , fall 1 cent than fall back one cent again   every trading day.

Go back to   square one. 

 

Does anyone have the full uob research report?

 

triyards hongbao

yes yes yes

can smile :)

 

The second gap filled too .

Bintang      ( Date: 24-Jan-2013 10:55) Posted: The first gap would be filled today . Bintang      ( Date: 23-Jan-2013 11:08) Posted: Triyards came all the way down from its  peak at 95 cts last Oct to 70 cts in Nov 2012 . It made a technical rebound to 85 cts recently . It was almost 62% of  the   Fibo level . From here it pulled back again to make a bottom at 74 cts . Today it is making a rebound again in order to fill the gaps at 79 cts n 82.5 cts which created in the recent pull-back .

 

Sorry tea , I dun have the chart of this stock u mentioned .

tea444u      ( Date: 27-Jan-2013 21:21) Posted: Hi Mr Bintang, can you tell me if all gaps will surely be closed not matter what caused it_ eg a gap down becasue of a bonus issue for insatnce will see prices   going up sooner or later to fill that gap?? thanks Sir...If you can look at a stock i haf in mind currently which is GUAN CHONG BHD...listed on Bursa Malaysia? can? it is a cocoa play.

 

Hi Mr Bintang, can you tell me if all gaps will surely be closed not matter what caused it_ eg a gap down becasue of a bonus issue for insatnce will see prices   going up sooner or later to fill that gap?? thanks Sir...If you can look at a stock i haf in mind currently which is GUAN CHONG BHD...listed on Bursa Malaysia? can? it is a cocoa play.

 

The gap at 79 cts has already filled .

Bintang      ( Date: 24-Jan-2013 10:55) Posted: The first gap would be filled today . Bintang      ( Date: 23-Jan-2013 11:08) Posted: Triyards came all the way down from its  peak at 95 cts last Oct to 70 cts in Nov 2012 . It made a technical rebound to 85 cts recently . It was almost 62% of  the   Fibo level . From here it pulled back again to make a bottom at 74 cts . Today it is making a rebound again in order to fill the gaps at 79 cts n 82.5 cts which created in the recent pull-back .

 

The first gap would be filled today .

Bintang      ( Date: 23-Jan-2013 11:08) Posted: Triyards came all the way down from its  peak at 95 cts last Oct to 70 cts in Nov 2012 . It made a technical rebound to 85 cts recently . It was almost 62% of  the   Fibo level . From here it pulled back again to make a bottom at 74 cts . Today it is making a rebound again in order to fill the gaps at 79 cts n 82.5 cts which created in the recent pull-back .

 

yes vested

can smile :)

 

 

 

Triyards came all the way down from its  peak at 95 cts last Oct to 70 cts in Nov 2012 . It made a technical rebound to 85 cts recently . It was almost 62% of  the   Fibo level . From here it pulled back again to make a bottom at 74 cts . Today it is making a rebound again in order to fill the gaps at 79 cts n 82.5 cts which created in the recent pull-back .