Sin Heng Mach    Last:0.61    -0.01

SIN HENG...the next MYMMMAR rush

Golden cross formed, MACD crossed signal line, positive Q1 results. Rally coming up? 

 

0.235

 

good stuff!!

 

collected at 210 3 wks back...good for 230- 250 tgt tp.

Octavia      ( Date: 29-Aug-2013 09:53) Posted: Sin Heng concluded the year with a robust set of results, as FY 13 net profit rose 47.4% to $13.8m on back of a " broad-based improvement across geographical markets and business segments" . Revenue was up 44.3% to $186.5m. Revenue from its trading segment increased by 49% to $133m mainly due to the higher volume of cranes traded, while revenue from its equipment rental segment improved by 33% to $53.5m due mainly to an increase in revenue from its expanded fleet size. Sin Heng continues to expand to new markets like Indonesia and Myanmar, and has introduced its complementary business of rental and trading to its overseas subsidiaries. Going forward, the co.says that it is ready for new potential growth ahead and I encouraged by the active participation of its shareholders in its recent rights issue.

 

Phillip Capital Research recommended a trading buy on Sin Heng

Investment Action:
Fundamentals
Sin Heng is at better relative valuations compared to peers, but yet have had better capital management, better execution and is positioned for growth. It?s undiluted T12M PE of 7.2x is under the peers average of 9.8x while having considerably less leverage (have bullets to expand). It?s EV/EBIT (T12M) shows even better performance at 6.3 vs peer average of 9.9....

Taking the most conservative of methods written in the report - Undiluted T12M PE vs second best peer of 9.1x implies a target price of 0.27 SGD, which is justified because of their outperformance and competitive business model.

Technical price action suggests a 2 month consolidation between 20 and 22 cents. A breakout from 22 cents implies further upside. Any sort or normalization to historical EV or PE values is justifiable for it?s better relative valuation than its peers and implies at least a 20% gain to 26 cents which could trigger the breakout.

bishan22      ( Date: 16-Sep-2013 11:55) Posted: Currently Philip webinar is recommending to buy at 0.22. They project a upside 25%. Good luck.  shygiraffe      ( Date: 16-Sep-2013 11:44) Posted: Up 0.225 today.. something brewing?

 

Vectoevest.also got.a buy rating..target 36cents..if got 30% upside..I will run

bishan22      ( Date: 16-Sep-2013 11:55) Posted: Currently Philip webinar is recommending to buy at 0.22. They project a upside 25%. Good luck.  shygiraffe      ( Date: 16-Sep-2013 11:44) Posted: Up 0.225 today.. something brewing?

 

Currently Philip webinar is recommending to buy at 0.22. They project a upside 25%. Good luck. 

shygiraffe      ( Date: 16-Sep-2013 11:44) Posted: Up 0.225 today.. something brewing?

 

Up 0.225 today.. something brewing?

 

Someone tried to attract buying interest in the counter. A large buy queue at $0.23 was seen in the pre-open this morning. This was subsequently removed at 08:57:59 and settled for a opening at $0.215. It is still up half a cent and the volume of 2000 lots for slightly more than half an hour's trading is quite decent for this stock. Don't know whether there is anything following through later in the day ?

 

Sin heng got small move today

 

laggard, wonder will it move today?

 

yesterday done in 0.215, hopefully today went up more !!

Octavia      ( Date: 29-Aug-2013 09:53) Posted: Sin Heng concluded the year with a robust set of results, as FY 13 net profit rose 47.4% to $13.8m on back of a " broad-based improvement across geographical markets and business segments" . Revenue was up 44.3% to $186.5m. Revenue from its trading segment increased by 49% to $133m mainly due to the higher volume of cranes traded, while revenue from its equipment rental segment improved by 33% to $53.5m due mainly to an increase in revenue from its expanded fleet size. Sin Heng continues to expand to new markets like Indonesia and Myanmar, and has introduced its complementary business of rental and trading to its overseas subsidiaries. Going forward, the co.says that it is ready for new potential growth ahead and I encouraged by the active participation of its shareholders in its recent rights issue.

 

Sin Heng concluded the year with a robust set of results, as FY 13 net profit rose 47.4% to $13.8m on back of a " broad-based improvement across geographical markets and business segments" . Revenue was up 44.3% to $186.5m. Revenue from its trading segment increased by 49% to $133m mainly due to the higher volume of cranes traded, while revenue from its equipment rental segment improved by 33% to $53.5m due mainly to an increase in revenue from its expanded fleet size. Sin Heng continues to expand to new markets like Indonesia and Myanmar, and has introduced its complementary business of rental and trading to its overseas subsidiaries. Going forward, the co.says that it is ready for new potential growth ahead and I encouraged by the active participation of its shareholders in its recent rights issue.

 

Profit UP +45%

 

share holder buy back yesterday....

basing?

 

Volume building up.

 

Sin Heng expand into MYANMAR with right issues at 1 for 4 at $0.16. Buy on dips

 

Looking good. $0.26 Close.

 

Sin Heng trying to break the $0.26 barrier.

 

DBS from Mar'13

Sin Heng (Trading buy, Fair Value: S$0.29) has more than 40

years of experience in rental and trading of cranes and aerial

lifts

from Singapore. The outlook for cranes is expected to be

buoyant on the back of the tight supply in the industry.

Domestic crane demand is expected to be strong, supported

by a strong pipeline of construction and civil engineering

projects, as the population of Singapore increases. Its newly

formed JV in Myanmar could present abundant business

opportunities.. In FY12, Sin Heng derived close to 50% of its revenue