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41-60 of 104
strong resistance at 21.5 to 22
agreed, let's see it hit my Tp30 b4 crisiss come
jackjames ( Date: 14-Aug-2009 08:53) Posted:
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the price shall catch up with Yongnam, as its price is higher than Yongnam last 2 years..
by the way, do you know if CSC has collected the payment for the big box foundation works? because the project was put on "halt" for nearly a year ( to be exact is about 9 months)... I think they almost completed their job, wonder if they received the cash from TT international for the amount of piling works they have done.
going stronger and stronger each day.
going very strong today even XD
still so steady @ XD
XD today
18.5 is my collection
tis 21 barrier difficult to climb.
beware, overbought conditions 1 week old already
super strong @ 21.5
if it go down to 17 again , i will collect
CSC POSTS $81.4 M IN Q1 REVENUE
SINGAPORE, 4 August 2009 – Mainboard-listed CSC Holdings Limited (SGX: CSC), a
homegrown foundation and geotechnical engineering specialist, has posted Group revenue
of $81.4 million for the quarter ended 30 June 2009 (1Q10), compared to $156.8 million in
the corresponding period a year ago (1Q09), as uncertainties in the economic conditions
resulted in significantly subdued demand for construction services. Net profit decreased
52.8% to $6.7 million in 1Q10, from $14.2 million in 1Q09. However, there was a slight
improvement in net profit as compared to $6.6 million recorded in the quarter ended 31
March 2009 (4Q09).
Despite the dip in revenue, the Group was able to maintain its gross margin at a healthy
18.6% compared to 18.4% in 1Q09. The improvement was even more significant, with
gross margin moving up 4.3 percentage points to 18.6% in 1Q10, from 14.3% for 4Q09.
This was due to the successful implementation of stringent cost management measures,
even as contract values fell in tandem with declining construction material prices.
CSC’s business activity level during the quarter was contributed substantially by public
sector projects. The Group’s Malaysian operations also contributed more significantly to the
Group with foundation engineering jobs of several private residential apartment projects in
the Klang Valley, CIMB Tower at KL Sentral and works done along certain sections of the
double track railway project.
The Group ended the quarter with total shareholder’s equity standing at $176.2 million, a
4.3% increase over the previous corresponding period. As at 30 June 2009, net gearing
also improved to 0.42 times from 0.49 times as at 31 March 2009. Net asset value per
share rose to 14.4 cents as at 30 June 2009, up from 13.8 cents as at 31 March 2009. At
the close of the quarter, cash and cash equivalents stood at $34.7 million (31 March 2009:
$25.7 million).
Outlook
The Singapore government has recently predicted a smaller-than expected economic
contraction of between 4% and 6% for 2009, compared to the initial 6% to 9% forecasted
earlier in the year. Nevertheless, uncertainties continue to taint overall market sentiments,
with the expectation that any recovery would be gradual and susceptible to downside risks.
As such, the timing and extent of the pick up in activities remain unclear.
As for the domestic construction industry, public sector projects should continue to dominate
the construction scene, in line with the Government’s bid to stimulate the domestic economy.
Such projects include HDB housing and upgrading projects, the construction of the Marina
Coastal Expressway and the MRT line extensions. In all, public sector projects are
expected to contribute some 75% of 2009’s overall construction demand of between $22
and $28 billion. On this note, the Board of Directors remains optimistic that public sector
construction demand will continue to generate a sustainable level of business activity for the
Group.
Potential upside in private sector construction demand should be driven by the recently
renewed interest in private residential property launches, where high take up rates could
lead to an increase in developments being constructed in the next six months.
As at 3 August 2009, the Group’s order book stood at approximately $120 million (15 May
2009: $110 million). Nevertheless, with its complete range of geotechnical and foundation
engineering expertise, developed organically and via strategic acquisitions and partnerships
in recent years, the Group believes that it is well-positioned to capitalize on any
improvement in both public and private sector activity going forward.
wow, hit 22 today, too bad i sold mine already...
strong resistance @ 20.5/21, if passed 22 will be the next. not vested already
something brewing??? why sudden interest in tis share, takeover/merger, any idea wats the NAV?
largest shareholder of CSC; good news???
REQUEST FOR TRADING HALT
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17
yesterday see so many sellers @ 19, today see so many buyers @ 20, what a difference that's why quickly take profit
maxcty ( Date: 31-Jul-2009 09:48) Posted:
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not intend to hold longer? what price you load at?
TonyGan ( Date: 31-Jul-2009 09:40) Posted:
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i m not greedy
sold @ 20.5; 20% profit.