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JAYA HOLDINGS LIMITED
Company Registration No. 199002391E
First Quarter Financial Statement and Dividend Announcement for the Period Ended 30 September 2008
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_48F6FA5366861A8E482574FA001598FA/$file/Announcement-1QFY09.pdf?openelement
Jaya Holdings is an undervalued play on current positive environment for offshore sector, JPMorgan says in report. "Its business model of shipbuilding and offshore support vessel chartering complement each other effectively, providing stable income stream and the opportunity for tax-exempt capital gains from subsequent vessels disposal." Says share undervalued at 7.5X FY09E, 6.0X FY10E P/E. Adds FY08-09E yield attractive at 8.7%, 10.8%, based on 65% payout, with FY09-10E earnings growth of 16%, 25%. "In our view, Jaya's undervaluation alongside the sustainable mutli-year up-cycle makes it a prime acquisition target." Keeps at Overweight with $2.20 target price.
Yeah... cover back dividend already.
This stock has been climbing since the release of results.
3Q08 FS ended 31/mar/08
Profit +8%
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_08E7E64BBD3DC4FD482574420031CDF0/$file/Announcement_3Q_FY08.pdf?openelement
Jaya Continues to Ride on Strong Demand
for Offshore Support Vessels
9M FY08 net attributable profit rises 26% to S$113.3m
sale gains of S$48.7m
Profit driven mainly by higher charters from larger AHTS fleet and ship
healthy offshore shipping sector
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_FF4CDD4086EAE91648257442003292D8/$file/Press_release_7_May_08.pdf?openelement
continue downtrend ?
watch out for next few days!!!!!!!!!
Any idea why the share price is dropping day by day?
Thks
Any bad news...have been dropping...
Press Release
Jaya Steams Ahead with Sterling
46% Growth in 2QFY08 Net Profit
?
Shipbuilding profit more than doubles on higher progressive revenue recognition on ship sales?
Firm charter rates, higher utilisation and larger fleet drive offshore shipping earnings?
Poised to gain from bullish oil & gas sector with 70 vessels worth S$2.1b under construction?
Declares higher interim dividend of 5.5 cents per share, 38% higher than the previous interim dividend
Jaya is a good counter to buy and hold. Pay good dividend too!
Q1 revenue drop 50%!
Q1 result is OUT!!! NET Profit up 31%......deliver Q after Q!!!
Yes! very attractive dividend too!!
Ex-D on 5 Nov 07.....
Result will be out soon...stay tuned!!
Agree. Paying good divy at 6.5 cents too.
Beautiful..............Jaya is now $2.00!! 
Some in this thread forecasted that this counter will not reach $1.8
....
Today, Jaya is ready to test its ALL TIME HIGH again!!