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| Week High: | 0.0950 | Month High: | 0.1200 | Year High: | 0.1300 |
| Week Low: | 0.0850 | Month Low: | 0.0750 | Year Low: | 0.0300 |
| Week Change: | 0.0050 | Month Change: | 0.0050 | Year Change: | 0.0500 |
| pharoah88 ( Date: 06-Aug-2010 18:21) Posted: |
| GB4W | Tat Hong Holdings Ltd W130802 | 05/08/10 00:00 |
| LAST: 0.0300 |
CHANGE: 0.00 |
OPEN: 0.0300 |
HIGH: 0.0300 |
ASK: 0.1000 |
VOLUME: 0 |
| CHANGE(%): 0.00 |
PREV: 0.0300 |
LOW: 0.0300 |
BID: 0.0700 |
OPEN INT: 0 |
Tat Hong
(SES: T03.SI)
| Last Trade: | 0.96 |
|---|---|
| Trade Time: | 17:05 SGT |
| Change: | 0.00 (0.00%) |
| Prev Close: | 0.96 |
| Open: | 0.97 |
| Bid: | 0.96 |
| Ask: | 0.96 |
| 1y Target Est: | N/A |
| Day's Range: | 0.95 - 0.97 |
|---|---|
| 52wk Range: | 0.85 - 1.25 |
| Volume: | 239,000 |
| Avg Vol (3m): | 584,954 |
| Market Cap: | N/A |
| P/E (ttm): | N/A |
| EPS (ttm): | N/A |
| Div & Yield: | N/A (N/A) |
| TAT HONG, SWING MEDIA: What analysts now say.... |  |
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| Wednesday, 07 July 2010 | |
Excerpts from latest analyst reports…. Citi upgrades Tat Hong to ‘buy’, says share correction is a buying opportunity Analyst: Low Horng Han
Citi says Tat Hong has a 12.4% year to date correction.
Upgrade to Buy – Our positive view is underpinned by a pick-up in infrastructure spending and the firm’s continued progress in China and Australia. Risk-reward has also turned more attractive following a 12.4% YTD share correction. We trim FY11E by 7% to reflect lower FY10 base but leave FY12E unchanged. FY10-13 EEPS CAGR is 21% (vs 8% previously). Upgrade to Buy/Medium Risk (from Sell/High Risk), with a target price of S$1.15 (from S$1.10), based on 11.5x P/E. Rebound in Australia – Citi economists opine that engineering work in progress is now at unprecedented levels in Australia, and Tat Hong is a clear beneficiary. Commencement of several large infrastructure projects will drive business activities in the crane hire division to pre-crisis levels in FY11. In addition,equipment sales – which collapsed in FY 10 – show promising signs of recovery on the back of easing credit markets and an improving economic outlook. Strengthening presence in China — A fragmented but growing market presents opportunities for Tat Hong to strengthen its position in China. Tat Hong will capitalize on China’s ambitious rail expansion and energy-related CapEx over the coming decade. We believe mgmt’s target to double revenue contributions from China to ~15-20% within three years is achievable. Mining tax overhang – Earlier concerns and uncertainties about the Australiang overnment’s proposed tax on the mining industry should be addressed with the recent scaling back of the tax proposal. At the group level, Tat Hong’s mining exposure is <10% of revenue |
pharoah88 ( Date: 06-Aug-2010 18:06) Posted:
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