Back

Latest Forum Topics / PEC

Post Reply

pec...a cash rich counter to be look out for Post Reply Rate topic
cccx123 Elite	11-Dec-2013 10:05        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	To short? Lol.. You can, and will probably drive the price down easily. But you might not be able to buy back lower since this counter is very illiquid. blurtrader      ( Date: 11-Dec-2013 09:43) Posted: this shall be in my watchlist from now!
Useful To Me  Not Useful To Me
blurtrader Master	11-Dec-2013 09:43        blurtrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	this shall be in my watchlist from now!
Useful To Me  Not Useful To Me
cccx123 Elite	11-Dec-2013 09:40        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I sent the email to [email protected] and [email protected] Will update this thread when or if I get a reply. Still holding. Can't sell on the open market anyway. Will bring the price down several bids.
Useful To Me  Not Useful To Me
tonylim Master	11-Dec-2013 07:20        tonylim About Contact  Quote this Post!
x 0   x 0  Alert Admin	PEC is not performing well lately. It normally gives good dividend annually and hope it is sustainable.  Ya, good move and I support cccx123 kingkungfu      ( Date: 10-Dec-2013 23:49) Posted: support you...ask all shareholders together and write an written letter together and send via registered mail to the director cccx123      ( Date: 10-Dec-2013 23:09) Posted: To: PEC management, It is with much regret that I am writing a letter of displeasure to you. I am a long term shareholder of PEC and have been monitoring the company and its corporate actions closely for at least the last two years. A lot has changed since then. One thing that changed and I sincerely believe affected the stock price and liquidity of PEC is the cessation of brokerage coverage of the company. Since then, the stock has been languishing in the low 60cent region. As recently as today (10 December 2013), the stock hit a new all time low and closed at 56cents on low volume. Such a price does not do justice to the NAV of 83cents, as stated in the latest 2013 Annual Report. One after another, Phillips Securities, OCBC and CIMB, among others, dropped coverage of PEC giving various reasons such as a lack of institutional interest, unexciting ROE, lack of growth prospects along with numerous other negative projections. If this outlook is pervasive within in downstream oil and gas sector or more generally, the "plant and terminal engineering industry" as quoted from your website, it is understandable. Unfortunately, that is not the case. Comparisons with two of PEC's direct competitors, Rotary and Hai Leck, show stark differences in valuations and yearly returns. For instance, the year to date return of Rotary and Hai Leck as of today stands at 60%. In contrast, the YTD return of PEC stock is a disappointing -8%. Even if we factor in the dividend yield of 2.5cents, it still leaves us with a net return if -4%. Rotary is currently trading at a near 100% premium to NAV with brokerages steadfast in their recommendations to invest long term in the company. Hai Leck is currently trading at a mere 12.5% discount to NAV. PEC, in contrast once again, is trading at a massive 32.5% discount to NAV. Given that Hai Leck is also not receiving substantial brokerage attention, the huge difference in price to NAV ratios between Hai Leck and PEC is not justified. On the corporate front, there is also a most disturbing and deafening silence from the company with regards to announcements on contract wins. The last announcement that added to the company's order book was on the October 14, 2013, ages ago when considering the fact that Rotary, your competitor has an order book of over $1 billion. In stark contrast again, according to your (PEC) latest financial report, the order book was shown to be a paltry $176 million. Personally, I can pull up many more financial ratios using DuPont analysis, ROE, ROIC, asset turnovers and so on, but the numbers will all tell the same story that PEC is lagging far behind its competitors and is in danger of being left behind in an extremely competitive industry. Lastly, I have several questions that I would like to ask. 1) Why has there been no announcement of contract wins in the past few months when the balance sheet of PEC indicates that the company is operating way below capacity. There is an excessive amount of current assets with a huge underutilized and uninvested cash pile, leading to a loss of potential business opportunities. 2) What, if anything, is management doing to persuade brokerages to resume coverage of the company? Regards, Xxxxxx xxxxxx Sent from my iPad
Useful To Me  Not Useful To Me
kingkungfu Member	10-Dec-2013 23:49        kingkungfu About Contact  Quote this Post!
x 0   x 0  Alert Admin	support you...ask all shareholders together and write an written letter together and send via registered mail to the director cccx123      ( Date: 10-Dec-2013 23:09) Posted: To: PEC management, It is with much regret that I am writing a letter of displeasure to you. I am a long term shareholder of PEC and have been monitoring the company and its corporate actions closely for at least the last two years. A lot has changed since then. One thing that changed and I sincerely believe affected the stock price and liquidity of PEC is the cessation of brokerage coverage of the company. Since then, the stock has been languishing in the low 60cent region. As recently as today (10 December 2013), the stock hit a new all time low and closed at 56cents on low volume. Such a price does not do justice to the NAV of 83cents, as stated in the latest 2013 Annual Report. One after another, Phillips Securities, OCBC and CIMB, among others, dropped coverage of PEC giving various reasons such as a lack of institutional interest, unexciting ROE, lack of growth prospects along with numerous other negative projections. If this outlook is pervasive within in downstream oil and gas sector or more generally, the "plant and terminal engineering industry" as quoted from your website, it is understandable. Unfortunately, that is not the case. Comparisons with two of PEC's direct competitors, Rotary and Hai Leck, show stark differences in valuations and yearly returns. For instance, the year to date return of Rotary and Hai Leck as of today stands at 60%. In contrast, the YTD return of PEC stock is a disappointing -8%. Even if we factor in the dividend yield of 2.5cents, it still leaves us with a net return if -4%. Rotary is currently trading at a near 100% premium to NAV with brokerages steadfast in their recommendations to invest long term in the company. Hai Leck is currently trading at a mere 12.5% discount to NAV. PEC, in contrast once again, is trading at a massive 32.5% discount to NAV. Given that Hai Leck is also not receiving substantial brokerage attention, the huge difference in price to NAV ratios between Hai Leck and PEC is not justified. On the corporate front, there is also a most disturbing and deafening silence from the company with regards to announcements on contract wins. The last announcement that added to the company's order book was on the October 14, 2013, ages ago when considering the fact that Rotary, your competitor has an order book of over $1 billion. In stark contrast again, according to your (PEC) latest financial report, the order book was shown to be a paltry $176 million. Personally, I can pull up many more financial ratios using DuPont analysis, ROE, ROIC, asset turnovers and so on, but the numbers will all tell the same story that PEC is lagging far behind its competitors and is in danger of being left behind in an extremely competitive industry. Lastly, I have several questions that I would like to ask. 1) Why has there been no announcement of contract wins in the past few months when the balance sheet of PEC indicates that the company is operating way below capacity. There is an excessive amount of current assets with a huge underutilized and uninvested cash pile, leading to a loss of potential business opportunities. 2) What, if anything, is management doing to persuade brokerages to resume coverage of the company? Regards, Xxxxxx xxxxxx Sent from my iPad
Useful To Me  Not Useful To Me
cccx123 Elite	10-Dec-2013 23:12        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't think it is going to make a difference, but I must try anyhow.. Very late at night already, didn't think of more questions to ask them. Really tired and exhausted.. cccx123      ( Date: 10-Dec-2013 23:09) Posted: To: PEC management, It is with much regret that I am writing a letter of displeasure to you. I am a long term shareholder of PEC and have been monitoring the company and its corporate actions closely for at least the last two years. A lot has changed since then. One thing that changed and I sincerely believe affected the stock price and liquidity of PEC is the cessation of brokerage coverage of the company. Since then, the stock has been languishing in the low 60cent region. As recently as today (10 December 2013), the stock hit a new all time low and closed at 56cents on low volume. Such a price does not do justice to the NAV of 83cents, as stated in the latest 2013 Annual Report. One after another, Phillips Securities, OCBC and CIMB, among others, dropped coverage of PEC giving various reasons such as a lack of institutional interest, unexciting ROE, lack of growth prospects along with numerous other negative projections. If this outlook is pervasive within in downstream oil and gas sector or more generally, the "plant and terminal engineering industry" as quoted from your website, it is understandable. Unfortunately, that is not the case. Comparisons with two of PEC's direct competitors, Rotary and Hai Leck, show stark differences in valuations and yearly returns. For instance, the year to date return of Rotary and Hai Leck as of today stands at 60%. In contrast, the YTD return of PEC stock is a disappointing -8%. Even if we factor in the dividend yield of 2.5cents, it still leaves us with a net return if -4%. Rotary is currently trading at a near 100% premium to NAV with brokerages steadfast in their recommendations to invest long term in the company. Hai Leck is currently trading at a mere 12.5% discount to NAV. PEC, in contrast once again, is trading at a massive 32.5% discount to NAV. Given that Hai Leck is also not receiving substantial brokerage attention, the huge difference in price to NAV ratios between Hai Leck and PEC is not justified. On the corporate front, there is also a most disturbing and deafening silence from the company with regards to announcements on contract wins. The last announcement that added to the company's order book was on the October 14, 2013, ages ago when considering the fact that Rotary, your competitor has an order book of over $1 billion. In stark contrast again, according to your (PEC) latest financial report, the order book was shown to be a paltry $176 million. Personally, I can pull up many more financial ratios using DuPont analysis, ROE, ROIC, asset turnovers and so on, but the numbers will all tell the same story that PEC is lagging far behind its competitors and is in danger of being left behind in an extremely competitive industry. Lastly, I have several questions that I would like to ask. 1) Why has there been no announcement of contract wins in the past few months when the balance sheet of PEC indicates that the company is operating way below capacity. There is an excessive amount of current assets with a huge underutilized and uninvested cash pile, leading to a loss of potential business opportunities. 2) What, if anything, is management doing to persuade brokerages to resume coverage of the company? Regards, Xxxxxx xxxxxx Sent from my iPad
Useful To Me  Not Useful To Me
cccx123 Elite	10-Dec-2013 23:09        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	To: PEC management, It is with much regret that I am writing a letter of displeasure to you. I am a long term shareholder of PEC and have been monitoring the company and its corporate actions closely for at least the last two years. A lot has changed since then. One thing that changed and I sincerely believe affected the stock price and liquidity of PEC is the cessation of brokerage coverage of the company. Since then, the stock has been languishing in the low 60cent region. As recently as today (10 December 2013), the stock hit a new all time low and closed at 56cents on low volume. Such a price does not do justice to the NAV of 83cents, as stated in the latest 2013 Annual Report. One after another, Phillips Securities, OCBC and CIMB, among others, dropped coverage of PEC giving various reasons such as a lack of institutional interest, unexciting ROE, lack of growth prospects along with numerous other negative projections. If this outlook is pervasive within in downstream oil and gas sector or more generally, the "plant and terminal engineering industry" as quoted from your website, it is understandable. Unfortunately, that is not the case. Comparisons with two of PEC's direct competitors, Rotary and Hai Leck, show stark differences in valuations and yearly returns. For instance, the year to date return of Rotary and Hai Leck as of today stands at 60%. In contrast, the YTD return of PEC stock is a disappointing -8%. Even if we factor in the dividend yield of 2.5cents, it still leaves us with a net return if -4%. Rotary is currently trading at a near 100% premium to NAV with brokerages steadfast in their recommendations to invest long term in the company. Hai Leck is currently trading at a mere 12.5% discount to NAV. PEC, in contrast once again, is trading at a massive 32.5% discount to NAV. Given that Hai Leck is also not receiving substantial brokerage attention, the huge difference in price to NAV ratios between Hai Leck and PEC is not justified. On the corporate front, there is also a most disturbing and deafening silence from the company with regards to announcements on contract wins. The last announcement that added to the company's order book was on the October 14, 2013, ages ago when considering the fact that Rotary, your competitor has an order book of over $1 billion. In stark contrast again, according to your (PEC) latest financial report, the order book was shown to be a paltry $176 million. Personally, I can pull up many more financial ratios using DuPont analysis, ROE, ROIC, asset turnovers and so on, but the numbers will all tell the same story that PEC is lagging far behind its competitors and is in danger of being left behind in an extremely competitive industry. Lastly, I have several questions that I would like to ask. 1) Why has there been no announcement of contract wins in the past few months when the balance sheet of PEC indicates that the company is operating way below capacity. There is an excessive amount of current assets with a huge underutilized and uninvested cash pile, leading to a loss of potential business opportunities. 2) What, if anything, is management doing to persuade brokerages to resume coverage of the company? Regards, Xxxxxx xxxxxx Sent from my iPad
Useful To Me  Not Useful To Me
cccx123 Elite	10-Dec-2013 14:58        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You holding PEC also? edwinjup      ( Date: 10-Dec-2013 14:53) Posted: Lousy mgt team..do nothing.. cccx123      ( Date: 28-Nov-2013 10:26) Posted: By the end of this week if the stock still doesn't move I am going to email that question to them and expect a very good answer. Otherwise..
Useful To Me  Not Useful To Me
edwinjup Supreme	10-Dec-2013 14:53        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lousy mgt team..do nothing.. cccx123      ( Date: 28-Nov-2013 10:26) Posted: By the end of this week if the stock still doesn't move I am going to email that question to them and expect a very good answer. Otherwise..
Useful To Me  Not Useful To Me
cccx123 Elite	28-Nov-2013 10:26        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By the end of this week if the stock still doesn't move I am going to email that question to them and expect a very good answer. Otherwise..
Useful To Me  Not Useful To Me
edwinjup Supreme	28-Nov-2013 09:12        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Should ask the directors to quit... cccx123      ( Date: 28-Nov-2013 08:58) Posted: Rotary going sky high this tortoise still don't want to move. Forgot to ask management what they intended to do to get the brokerages to reinitiate coverage on the company. The stock will go nowhere otherwise..
Useful To Me  Not Useful To Me
cccx123 Elite	28-Nov-2013 08:58        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rotary going sky high this tortoise still don't want to move. Forgot to ask management what they intended to do to get the brokerages to reinitiate coverage on the company. The stock will go nowhere otherwise..
Useful To Me  Not Useful To Me
cccx123 Elite	08-Nov-2013 10:00        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dunno why it should gap down despite it already trading at a steep discount to NAV. Hope management gets its act together and invite brokerages to re-commence coverage on the company. Otherwise, we might just see the same px next year.
Useful To Me  Not Useful To Me
cccx123 Elite	07-Nov-2013 13:57        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't know why someone is so insistent on the counter closing between 61-61.5cts.. Erect a wall at 61.5cts some more..
Useful To Me  Not Useful To Me
shygiraffe Member	07-Nov-2013 11:49        shygiraffe About Contact  Quote this Post!
x 0   x 0  Alert Admin	PEC XD tomo 2.5c now 0.615
Useful To Me  Not Useful To Me
cccx123 Elite	28-Oct-2013 18:06        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good closing and performance in a bad market
Useful To Me  Not Useful To Me
cccx123 Elite	28-Oct-2013 09:31        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The purchase of the new land will go a long way in reducing costs since workers accommodation will no longer be outsourced but provided within the company's property. These facilities can also be offered to other companies paying rental per head. Someone is collecting at 61.5cents. jackson5      ( Date: 27-Oct-2013 19:27) Posted: Gross and net margins will be squeezed by vendor and high labor costs respectively down the road.
Useful To Me  Not Useful To Me
jackson5 Master	27-Oct-2013 19:27        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gross and net margins will be squeezed by vendor and high labor costs respectively down the road.
Useful To Me  Not Useful To Me
cccx123 Elite	27-Oct-2013 19:23        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Honestly, I do not see what is keeping this stock price so depressed. An NAV of 85cents, cash per share of 35cents and a stable management with Edna Koh as a controlling shareholder. I first bought substantially into PEC last year around June when I noticed the deep discount and when doing so, passed on Tai Sin since it was ready trading near NAV. I then sold a substantial portion at the beginning of this year into the rally but retained a few lots to keep myself informed of this company's news. Collected quite a bit as the share price tanked when the brokerages ceased coverage with negative highlights. Collected even more about two weeks ago. There seems to be a perpetual gap between 61 and 62.5 cents with no one willing to buy and sell at that range. Hopefully, with the major petroleum companies expanding capacity at Jurong Island, PEC will be able to obtain higher margin construction contracts and not overly rely on low margin maintenance works. When I broached this question all Mr Robert said was that the company was keeping all options open and looking into the matter. I hope that is true. Keeping my fingers crossed for a return to the higher margins that we experienced in 2010. jomini      ( Date: 27-Oct-2013 19:02) Posted: free food n drinks. thats what agms are for. u wldnt get anyth substantial by asking in public anyw. who knows. maybe they did the same as u. n they were disappointed in u too cccx123      ( Date: 27-Oct-2013 17:33) Posted: Very disappointing.. During the AGM last year management was grilled on the Audex Verwater incident and some accounting issues as well. But this time round...yea when the meeting was over quite a number went out immediately for food. Tsk..i did not touch any good or drink though. Was in a hurry and left immediately. Then after AGM, share price dropped knn.
Useful To Me  Not Useful To Me
jomini Veteran	27-Oct-2013 19:02        jomini About Contact  Quote this Post!   Yells: "slow down, think, question"
x 0   x 0  Alert Admin	free food n drinks. thats what agms are for. u wldnt get anyth substantial by asking in public anyw. who knows. maybe they did the same as u. n they were disappointed in u too cccx123      ( Date: 27-Oct-2013 17:33) Posted: Very disappointing.. During the AGM last year management was grilled on the Audex Verwater incident and some accounting issues as well. But this time round...yea when the meeting was over quite a number went out immediately for food. Tsk..i did not touch any good or drink though. Was in a hurry and left immediately. Then after AGM, share price dropped knn.. serious      ( Date: 26-Oct-2013 21:05) Posted: Now proven many or even all went there for food. What a joke
Useful To Me  Not Useful To Me

                                                         First   < Newer   121-140 of 175   Older>   Last