| Latest Forum Topics / Kim Heng Last:0.084 -- |
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2% YIELD 8.2x PE - STRONG GROWTH IN 2014/15 BETTER
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MachiBoy
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16-Mar-2016 22:03
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Vested 2 days ago, and sold all today. |
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rlong8288
Master |
16-Mar-2016 20:13
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Before you punt just visit West Coast Park and look at the barges park in the sea, you will get your answer but please DYODD |
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polarinda
Master |
16-Mar-2016 13:38
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worth a punt? |
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inevitable
Member |
27-Nov-2014 15:11
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will KH be able to recover from its current precarious share price to its IPO price of 25cts by 2014 Q4 or 2015 Q1??? the results are depressing and such a fundamentally sound coy being affected by the oil market so greatly is just unjustifiable. |
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Sunstar
Senior |
14-Nov-2014 10:32
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Just a repost of my view dated aug 2014 when kim heng announced its half year result on 11 aug. Till now, not much has improved fundamentally. Kim Heng was trading at around 24c then. Now its only 18.8! " Kim heng marine annc profit guidance only 6 months after listing! This is another one of those crap companies that list at the top of it earnings only to announce profits decline subsequently. Even at its listing px of 25c, and using 2013 profit of 17mln (shrs out of 710mln), eps is about 2.4c or 10x p/e. this is hardly cheap for a smallish company compared against its bigger and better established competitor such as ASL marine, currently at 6x p/e. Kim heng marines nav is 14c versus ASL' s 98c. Such profit warning is a prelude to further weakness in the quality of it' s earnings. Lets assuming profit drop by half to 8mln. Even at high 10x p/e, it means this company should trade around 12c or close to its nav of 14c. This stock is definitely a sell. Credence as its major shareholder has the patience and financial muscle to guide the management team for years to turn them around,, but do you really want to hang on when there are better stocks around. It would be wiser to sell before it goes lower and switch to a better company. Speaking of management, it is also interesting to note in prospectus that one of its founding member, exec director and COO of company, mr sk tan, retired and sold out his shares just before listing. The current CEO is Thomas tan (younger brother of sk tan) and replacing sk tan as COO is a Ms yeo seh hong. A quick check on ms yeo credentials in the prospectus hints that she may not have the business acumen of sk tan. One founded the company and made his money, whereas the other is a mere employee. It will be interesting to see how the company can perform in subsequent qtrs now that it has announced it first profit warning, It is also interesting to note in the prospectus that 20mln of its ipo proceeds will be used for asset enhancement as stipulated by Jtc when it leased both its pandan crescent and penjuru land to Kim heng. Pandan lease is expiring in dec 2015. Penjuru site was leased to Kim heng in 2006 and it was given 3 years till 2009 to invest 19mln to enhance its site. But so far it has only invested 8.7mln. So this means ipo proceeds are being channeled into asset enhancement under terms of it' s Jtc lease when the company should have done it years ago. How much ROI can the company derive from such land asset enhancement versus using the ipo funds directly for fleet expansion. Won' t be surprised to see company doing another cash call in near future. Avoid. Just my view. " |
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misschin
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22-Oct-2014 08:33
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It is so embarrassing to see some people who are totally out of their depth going around predicting share prices and ending up flat on their face. Really tragic and embarrassing. 
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FairPerson
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17-Oct-2014 10:27
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There is a seller queueing 10 lots at a time to sell. DO NOT THINK 10 lots is small, as there are going to be " infinitely many" 10 lots.
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FairPerson
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16-Oct-2014 22:48
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Closed at 19.5 cents. Still don' t see much buying interest. From the selling pattern, it seems that there are at least two bigger sellers and probably they will continue to sell. It' s just a matter of time that the share price will go near to 17 - 18 cents.
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LIMSUHMIN
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16-Oct-2014 11:46
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three times losses than you, cannot stand anymore. say bye bye to this counter to invest in property. bye,comrade.
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ballball58
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16-Oct-2014 11:22
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Hahahahah............yes mama
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misschin
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16-Oct-2014 11:18
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Are you trying to be funny?
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ballball58
Member |
16-Oct-2014 11:11
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Wow, 19.5 already. shiok ah.......come down to 15c or lower baby.......mama want to buy youuuuu! |
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misschin
Member |
16-Oct-2014 10:17
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OMG, I went away for 3 days and so much has happened in the market. This counter has fallen a lot, down to less than 20c. I bought 20k at .24c so my loss so far is abt $800. Reasonable, it' s less than a pair of my Jimmy Choos. I am aimming for the price to fall more as I thnk I want to get a ton of this share at between 15c to 18c. Come on baby, fall for mama! |
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FairPerson
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16-Oct-2014 09:13
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On the way 17 - 18 cents coming. Just hit 1 lot at 19.5 cents,
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FairPerson
Member |
15-Oct-2014 23:16
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Cloased at new low 20.5 cents. Volume are really small : 220 lots at 21.5 cents 279 lots at 21 cents 323 lots at 20.5 cents If 3Q14 result due to release in Nov 14 is not up to expectation, probably will go down further to around 17 to 18 cents. Just my guess, trade at your own risk!
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LIMSUHMIN
Member |
15-Oct-2014 17:56
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siao liao....... go oversea few months come back all o& g siao liao....
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moneycow
Elite |
15-Oct-2014 17:01
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Fall from 26 cents is not much...........actually compare to others........like EZRA and Vard.........BIG huge drop..... |
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LIMSUHMIN
Member |
15-Oct-2014 13:07
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really no idea what happen to this counter....... probably just because of crude oil price falling sharply then all O& G O& M company kena burnt? 20c liao...wth |
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hotelgrand
Master |
14-Oct-2014 15:41
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below ipo 25cts ?right |
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FairPerson
Member |
14-Oct-2014 09:26
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Hit 21.5 cents. Have been going down slowly with VERY THIN VOLUME, looks like 20 cents is possible,
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