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Tat Hong is pleased to advised that it is embarking on a programme to consolidate and optimise its Singapore operations and has secured a 22-year lease from JTC for a 16,100m2 plot of industrial land at Tuas South Street 10. The consolidation of operations will free up one of its lease-hold properties, at 11 Gul Crescent, which the Group intends to divest through a public tender.
The Group currently also operates out of five other sites in the western part of Singapore. However, with the growth of its crane rental and distribution businesses, the current facilities are not sufficient to serve the Group?s needs effectively as most of the sites are small in size and have short remaining leases of between 2 and 11 years which make planning for future use difficult.
For better operating efficiency, the Group will be consolidating its operations in the Tuas area. In addition, the Group also plans to move some of its less time-sensitive operations to Johor where land and operating costs are lower. The site at 11 Gul Crescent was acquired in 1981 with a 30+30-year lease and comprises 29,384.5m2 land with two single-storey high-clearance buildings and an ancillary office space.
Depending on the final sale price and the completion date, the Group is expected to recognise a gain on the divestment of 11 Gul Crescent in the financial year ending 31 March 2014.
...last: $0.91...
Coming up?
ESTABLISHMENT OF JOINT VENTURE TO UNDERTAKE BUSINESS IN MYANMAR
http://tathong.listedcompany.com/newsroom/20130828_182350_T03_282598B875D1AFC348257BD500380FA2.1.pdf
the last time Tat Hong at this price $0.86 was on 01/03/2012
Wait for 78c , now is 89c .
Solidsnake ( Date: 17-Aug-2013 15:22) Posted:
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Business Times dated 19 Aug 13 reported that executive director Michael Ng and CEO & managing director Roland Ng purchased a combined 4.338 million shares from 14 to 15 Aug 13 at an average of 93.3 cents each.
Looking ahead, our nation big moves in new infrastructure developments shall benefit Tat Hong.
It would close finally
guoyanyunyan ( Date: 16-Aug-2013 10:48) Posted:
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This is a strange one. $0.905 should be a good price to trade.
...for JB Foods... the gap in Jan closed this week....
...interesting to know will this $0.78 gap (Dec '11) close...?...
Bintang ( Date: 14-Aug-2013 09:30) Posted:
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just bought at $0.905 to tikam.
it will recover in the coming days, not to worry!
may be not to $1 level yet but will get there before year end.
Tat Hong's net profit in the first quarter ended 30 Jun fell 51% to $8.2 million from $16.7 million a year ago, mainly due to an economic slowdown in Australia affecting its equipment distribution business.
TAT Hong's shares plunged 15% yesterday after the poor first-quarter results. At market close, it was trading at a one-year low of 93 cents, down 16 cents from $1.09 the previous day.
NAV is $1.05. Would Tat Hong's shares rise after the Australian federal election on 7 Sep 13? Perhaps the Australian economic activities could improve after the election?
Another gap at 78 cents
Bintang ( Date: 14-Aug-2013 09:25) Posted:
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Not only achieved the TP , but went further down .
Bintang ( Date: 22-Jul-2013 11:10) Posted:
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Now below NTA & NAV. Bought at 94.5 cents. Hope a good deal.
Tat Hong Q1 net halves to $8.2m
Crane supplier Tat Hong Holdings reported a net profit of $8.2 million for its first quarter ended June 30, down 51 per cent from $16.7 million the same period a year ago.
Revenue was down 18 per cent to $175.5 million, from $215.3 million a year ago. The lower revenue was attributed mostly to dips in the company's main distribution and crane rental segments.
Tat Hong said that the profit drop was due to an economic slowdown in Australia affecting the distribution and rental business, and cost overruns by a joint venture in Indonesia for a project that has since been completed.
Tat Hong shares closed at $1.09, down 2 cents or 1.8 per cent, before the results were released.
Another BIG......
Poor results Kena Wack down by 12 cents at opening.
RUN ROAD......SHORT lar.....
what happen.
great Singapore sale over
already, price still dropping.
cheap become cheaper.
...Married Deal: Vol: 440 Value:$517,440 ie $1.176/share Prev Close: $1.170...
...on down trend ... now sideways movement... $1.170 low well supported most of July ...
half a day gone, only 98 lot done.