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Latest Forum Topics / Civmec    Last:1.53    -0.03  Post Reply
HONG LEONG ASIA PRIVATISATION
SG-Insider
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14-Oct-2021 11:19     
 
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 Alert Admin 		Thanks for advise  yes

kepoh88      ( Date: 14-Oct-2021 11:09) Posted:

Don' t be carried away by being trapped at high price.
Read article somewhere mentioned recessios and cracks started to appear in Australia economy 
especially in their construction sector where houses built to cater for Chinese buyers , recent Evefgrande ,
Sinic and Fantasia create tidal wave that about to sink Australia economy .
The Asutralian repliance to China bites, digging dirt from earth and selling it to Chinese rapidly disappeared.
The era in which Australian trusted China will buy abundance Australian dirt , pay good money has come to an 
end.
The Australian govenment have to think real hard what it can do to domestically , their constructions ,
mining  is driven by domestic consumtion and 2/3 from overseas buyers.

 

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kepoh88
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14-Oct-2021 11:09     
 
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 Alert Admin 		Don' t be carried away by being trapped at high price.
Read article somewhere mentioned recessios and cracks started to appear in Australia economy 
especially in their construction sector where houses built to cater for Chinese buyers , recent Evefgrande ,
Sinic and Fantasia create tidal wave that about to sink Australia economy .
The Asutralian repliance to China bites, digging dirt from earth and selling it to Chinese rapidly disappeared.
The era in which Australian trusted China will buy abundance Australian dirt , pay good money has come to an 
end.
The Australian govenment have to think real hard what it can do to domestically , their constructions ,
mining  is driven by domestic consumtion and 2/3 from overseas buyers.

 
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SG-Insider
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12-Oct-2021 11:14     
 
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 Alert Admin 		Moving liao...

SG-Insider      ( Date: 11-Oct-2021 10:17) Posted:

Got good news coming ?
Ppl starts collecting.....

SG-Insider      ( Date: 07-Oct-2021 14:37) Posted:

Looks like rebounce soon...
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SG-Insider
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11-Oct-2021 10:17     
 
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 Alert Admin 		Got good news coming ?
Ppl starts collecting.....

SG-Insider      ( Date: 07-Oct-2021 14:37) Posted:

Looks like rebounce soon...
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SG-Insider
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07-Oct-2021 14:37     
 
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 Alert Admin 		Looks like rebounce soon...
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SG-Insider
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04-Oct-2021 15:24     
 
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 Alert Admin 		Wonder why a profit company , shares prices still dropping ?

PhillipTan      ( Date: 09-Sep-2021 02:11) Posted:

KGI raises target price for Civmec following ' outstanding' FY21 results

KGI Securities analyst Megan Choo has reiterated her " outperform" rating for Civmec with a higher target price of 90 cents, up from 86 cents previously, in a Sept 8 research note.

The revised target price follows Civmec' s " outstanding" FY2021 ended June results, where its full-year earnings of A$34.6 million ($34.4 million) rose 97% y-o-y and beat Choo' s estimates of A$33.5 million. She notes that the company' s main revenue driver continues to be the metal and minerals sector which increased 66% y-o-y, making up 83% of total revenue for FY2021. 

Choo remains optimistic on Civmec' s outlook, noting that the outlook for the mining industry remains strong on the back of pent-up demand emerging post-pandemic. " As vaccination campaigns ramp up, rebounding economic activity is driving demand for many commodities, buoyed by government stimulus efforts around the world," she notes.

While iron ore prices have come down from their all-time high in June of around US$1,387 ($1,864) per tonne as China policymakers attempt to cut steel production to curb carbon emissions, Choo notes that iron ore imports hit new highs in August, suggesting a continued reliance on the commodity.

In addition, Choo highlights that capital expenditure by Civmec' s largest customers such as Rio Tinto and BHD remains " resilient" . " Civmec' s order book is currently at A$1.15 billion as of end-FY2021, and is expected to grow given the strong repeat business from long-term clients," she remarks.

She is also positive on Civmec' s acquisition of five hectares of land in Port Hedland to establish a permanent facility for construction and maintenance activities in Pilbara. " As the nature of mining sites require repair and maintenance approximately every six weeks, a firm foothold in the area would accelerate efficiency and minimise crossborder travelling for employees," she explains.

Given the tailwinds, Choo has raised her target price for Civmec to 90 cents, based on 12 times P/E to its FY2022 earnings per share of 74 cents.

She notes that risks to her rating include further exacerbation of Australian-China tensions which may result in trade sanctions on a wider array of Australian exports and rising labour costs in Australia due to labour shortage.

As at 1.21pm, shares in Civmec are down 0.5 cents or 0.74% lower at 67.5 cents.
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PhillipTan
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09-Sep-2021 02:11     
 
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KGI raises target price for Civmec following ' outstanding' FY21 results

KGI Securities analyst Megan Choo has reiterated her " outperform" rating for Civmec with a higher target price of 90 cents, up from 86 cents previously, in a Sept 8 research note.

The revised target price follows Civmec' s " outstanding" FY2021 ended June results, where its full-year earnings of A$34.6 million ($34.4 million) rose 97% y-o-y and beat Choo' s estimates of A$33.5 million. She notes that the company' s main revenue driver continues to be the metal and minerals sector which increased 66% y-o-y, making up 83% of total revenue for FY2021. 

Choo remains optimistic on Civmec' s outlook, noting that the outlook for the mining industry remains strong on the back of pent-up demand emerging post-pandemic. " As vaccination campaigns ramp up, rebounding economic activity is driving demand for many commodities, buoyed by government stimulus efforts around the world," she notes.

While iron ore prices have come down from their all-time high in June of around US$1,387 ($1,864) per tonne as China policymakers attempt to cut steel production to curb carbon emissions, Choo notes that iron ore imports hit new highs in August, suggesting a continued reliance on the commodity.

In addition, Choo highlights that capital expenditure by Civmec' s largest customers such as Rio Tinto and BHD remains " resilient" . " Civmec' s order book is currently at A$1.15 billion as of end-FY2021, and is expected to grow given the strong repeat business from long-term clients," she remarks.

She is also positive on Civmec' s acquisition of five hectares of land in Port Hedland to establish a permanent facility for construction and maintenance activities in Pilbara. " As the nature of mining sites require repair and maintenance approximately every six weeks, a firm foothold in the area would accelerate efficiency and minimise crossborder travelling for employees," she explains.

Given the tailwinds, Choo has raised her target price for Civmec to 90 cents, based on 12 times P/E to its FY2022 earnings per share of 74 cents.

She notes that risks to her rating include further exacerbation of Australian-China tensions which may result in trade sanctions on a wider array of Australian exports and rising labour costs in Australia due to labour shortage.

As at 1.21pm, shares in Civmec are down 0.5 cents or 0.74% lower at 67.5 cents.
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SG-Insider
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08-Sep-2021 09:02     
 
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 Alert Admin 		Anyone know today Civmec got any good news ? 
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des262
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27-Aug-2021 20:41     
 
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 Alert Admin 		$0.02 for full year. $0.01 already pay $0.01 will pay Dec.

Maybe todat is Friday and Monday might go up

This company act very different. I loss a few time already. Scare to torch
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SG-Insider
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27-Aug-2021 15:23     
 
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 Alert Admin 		I think they giving too little dividend, so ppl no confident in them.

des262      ( Date: 27-Aug-2021 14:50) Posted:

lucky , never buy.. very scare of the guy. good result can go down so much...

des262      ( Date: 27-Aug-2021 09:31) Posted:

I like this company as they can perform. But I also scare of them, have good news also no movement and they just move as they like. But this is a vvv good company, don' t really dare to tourch. Loss a few times alread
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des262
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27-Aug-2021 14:50     
 
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 Alert Admin 		lucky , never buy.. very scare of the guy. good result can go down so much...

des262      ( Date: 27-Aug-2021 09:31) Posted:

I like this company as they can perform. But I also scare of them, have good news also no movement and they just move as they like. But this is a vvv good company, don' t really dare to tourch. Loss a few times already

PhillipTan      ( Date: 27-Aug-2021 04:11) Posted:

Civmec' s earnings more than double to $19.4 mil in 2H21

Civmec Limited has reported earnings of A$19.7 ($19.4 million) million for the 2HFY2021 ended June, more than double the earnings of A$9.5 million reported in the same period the year before.

This brings earnings for the FY2021 to A$34.8 million, up 97.7% y-o-y.

Earnings per share (EPS) for the 2HFY2021 stood at 3.94 Australian cents on a fully diluted basis, higher than the 1.90 cents reported in the 2HFY2020.

FY2021 EPS stood at 6.94 Australian cents, higher than FY2020' s EPS of 3.51 Australian cents.

Revenue for the 2HFY2021 increased by 63.3% y-o-y to A$368.5 million mainly due to the timing of commencement of new projects.

Gross profit for the period increased by 55.6% y-o-y to A$40.5 million in line with the revenue increase.

Other income was up by 58.6% y-o-y to A$0.6 million on insurance recoveries received for property damages in 2HFY2020.

Other expenses fell by 97.6% y-o-y to A$0.1 million attributable to the write off of a trade receivable in 2HFY2020.

FY2021 revenue increased by 72.0% y-o-y to A$674.2 million due to the timing of projects.

Gross profit for the FY2021 was up by 68.1% y-o-y to A$75.0 million.

Other income during the FY2021 increased by 15.0% y-o-y to A$2.5 million due to the gain on disposal of property, plant and equipment and insurance recoveries.

FY2021 EBITDA increased 91.6% y-o-y to A$73.8 million.

For the 2HFY2021, Civmec has declared a final dividend of 1.0 Australian cent, bringing total dividends for the FY2021 to 2.0 Australian cents, double that of the 1 Australian cent distributed in FY2020.

The dividend will be payable on Dec 17.

As at June 30, cash and cash equivalents stood at A$48.2 million.

" Civmec' s order book continued to strengthen in FY2021, enabling the group to grow revenue and profits throughout the year. This places the group in a strong financial position as we enter FY2022, with a A$1 billion order book and good performance across all operating sectors," says Civmec' s chairman James Fitzgerald.


" The group continued to demonstrate good cashflow management with cash generated from operations representing 98.8% of EBITDA. In view of the good financial performance, the board is recommending a final dividend of 1.0 Australian cent," he adds.

On the ongoing border restrictions due to Covid-19, Civmec says it is taking a " measured approach" to tendering activities with a focus on securing projects that they are confident of having the resources for.

Shares in Civmec closed 0.5 cent lower or 0.67% down at 74 cents on Aug 26.
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des262
Senior
27-Aug-2021 09:31     
 
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 Alert Admin 		I like this company as they can perform. But I also scare of them, have good news also no movement and they just move as they like. But this is a vvv good company, don' t really dare to tourch. Loss a few times already

PhillipTan      ( Date: 27-Aug-2021 04:11) Posted:

Civmec' s earnings more than double to $19.4 mil in 2H21

Civmec Limited has reported earnings of A$19.7 ($19.4 million) million for the 2HFY2021 ended June, more than double the earnings of A$9.5 million reported in the same period the year before.

This brings earnings for the FY2021 to A$34.8 million, up 97.7% y-o-y.

Earnings per share (EPS) for the 2HFY2021 stood at 3.94 Australian cents on a fully diluted basis, higher than the 1.90 cents reported in the 2HFY2020.

FY2021 EPS stood at 6.94 Australian cents, higher than FY2020' s EPS of 3.51 Australian cents.

Revenue for the 2HFY2021 increased by 63.3% y-o-y to A$368.5 million mainly due to the timing of commencement of new projects.

Gross profit for the period increased by 55.6% y-o-y to A$40.5 million in line with the revenue increase.

Other income was up by 58.6% y-o-y to A$0.6 million on insurance recoveries received for property damages in 2HFY2020.

Other expenses fell by 97.6% y-o-y to A$0.1 million attributable to the write off of a trade receivable in 2HFY2020.

FY2021 revenue increased by 72.0% y-o-y to A$674.2 million due to the timing of projects.

Gross profit for the FY2021 was up by 68.1% y-o-y to A$75.0 million.

Other income during the FY2021 increased by 15.0% y-o-y to A$2.5 million due to the gain on disposal of property, plant and equipment and insurance recoveries.

FY2021 EBITDA increased 91.6% y-o-y to A$73.8 million.

For the 2HFY2021, Civmec has declared a final dividend of 1.0 Australian cent, bringing total dividends for the FY2021 to 2.0 Australian cents, double that of the 1 Australian cent distributed in FY2020.

The dividend will be payable on Dec 17.

As at June 30, cash and cash equivalents stood at A$48.2 million.

" Civmec' s order book continued to strengthen in FY2021, enabling the group to grow revenue and profits throughout the year. This places the group in a strong financial position as we enter FY2022, with a A$1 billion order book and good performance across all operating sectors," says Civmec' s chairman James Fitzgerald.


" The group continued to demonstrate good cashflow management with cash generated from operations representing 98.8% of EBITDA. In view of the good financial performance, the board is recommending a final dividend of 1.0 Australian cent," he adds.

On the ongoing border restrictions due to Covid-19, Civmec says it is taking a " measured approach" to tendering activities with a focus on securing projects that they are confident of having the resources for.

Shares in Civmec closed 0.5 cent lower or 0.67% down at 74 cents on Aug 26.
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PhillipTan
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27-Aug-2021 04:11     
 
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Civmec' s earnings more than double to $19.4 mil in 2H21

Civmec Limited has reported earnings of A$19.7 ($19.4 million) million for the 2HFY2021 ended June, more than double the earnings of A$9.5 million reported in the same period the year before.

This brings earnings for the FY2021 to A$34.8 million, up 97.7% y-o-y.

Earnings per share (EPS) for the 2HFY2021 stood at 3.94 Australian cents on a fully diluted basis, higher than the 1.90 cents reported in the 2HFY2020.

FY2021 EPS stood at 6.94 Australian cents, higher than FY2020' s EPS of 3.51 Australian cents.

Revenue for the 2HFY2021 increased by 63.3% y-o-y to A$368.5 million mainly due to the timing of commencement of new projects.

Gross profit for the period increased by 55.6% y-o-y to A$40.5 million in line with the revenue increase.

Other income was up by 58.6% y-o-y to A$0.6 million on insurance recoveries received for property damages in 2HFY2020.

Other expenses fell by 97.6% y-o-y to A$0.1 million attributable to the write off of a trade receivable in 2HFY2020.

FY2021 revenue increased by 72.0% y-o-y to A$674.2 million due to the timing of projects.

Gross profit for the FY2021 was up by 68.1% y-o-y to A$75.0 million.

Other income during the FY2021 increased by 15.0% y-o-y to A$2.5 million due to the gain on disposal of property, plant and equipment and insurance recoveries.

FY2021 EBITDA increased 91.6% y-o-y to A$73.8 million.

For the 2HFY2021, Civmec has declared a final dividend of 1.0 Australian cent, bringing total dividends for the FY2021 to 2.0 Australian cents, double that of the 1 Australian cent distributed in FY2020.

The dividend will be payable on Dec 17.

As at June 30, cash and cash equivalents stood at A$48.2 million.

" Civmec' s order book continued to strengthen in FY2021, enabling the group to grow revenue and profits throughout the year. This places the group in a strong financial position as we enter FY2022, with a A$1 billion order book and good performance across all operating sectors," says Civmec' s chairman James Fitzgerald.


" The group continued to demonstrate good cashflow management with cash generated from operations representing 98.8% of EBITDA. In view of the good financial performance, the board is recommending a final dividend of 1.0 Australian cent," he adds.

On the ongoing border restrictions due to Covid-19, Civmec says it is taking a " measured approach" to tendering activities with a focus on securing projects that they are confident of having the resources for.

Shares in Civmec closed 0.5 cent lower or 0.67% down at 74 cents on Aug 26.
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PhillipTan
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14-Aug-2021 03:48     
 
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KGI initiates coverage on Civmec with ' outperform' , TP 86 cents, after stellar 9M results

KGI Securities has initiated coverage on Civmec with an " outperform" rating and target price of 86 cents.

This comes after the engineering service provider, which operates in the oil and gas, metals and minerals, and defence and infrastructure sectors, posted a stellar set of 9MFY2021 results ended May 31.

Notably, Civmec' s top and bottom lines during the period had exceeded its FY2020 results, KGI highlights.

Compared to the FY2020 figures, the company' s 9MFY2020 revenue, gross earnings and net earnings increased 25%, 20% and 37% respectively.

The outperformance was largely driven by the company' s metals and minerals business.

KGI points out that China' s demand for iron ore has driven up iron ore prices to a record high in May 2021.

" As Civmec' s customers mainly belong to the Metals & Minerals industry, tight supply and increased demand would create more opportunities for mining and exploration projects, in turn benefitting Civmec as a solutions provider," KGI analyst Megan Choo writes in an Aug 12 report.

As at 2.35 pm, Civmec was up 0.5 cent or 0.7% at 75 cents with 457,100 shares changed hands.

 
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des262
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12-Aug-2021 21:10     
 
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 Alert Admin 		This guy look interesting..

https://www.kgieworld.sg/securities/resources/ck/files/docs/research/Civmec%20(CVL%20SP)_Initiation_OUTPERFORM_KGI%20Singapore%2020210812.pdf

 
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Ipoh123
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23-Jul-2021 14:26     
 
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 Alert Admin 		Fired up ...,
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Joelton
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11-Feb-2021 09:26     
 
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Civmec reports 86.6% higher 1H21 earnings of A$15.0 mil on overall growth, declares first interim dividend
 
Civmec has posted earnings of A$15.0 million ($15.4 million) for the 1HFY2021 ended December, 86.6% higher than earnings of A$8.1 million in the year before.
 
The higher earnings were due to strong growth in the group&rsquo s revenue and profits.
Revenue for the period surged 84% y-o-y to A$305.7 million mainly due to the commencement of new projects.
 
In line with the revenue growth, gross profit for 1HFY2021 increased 85.5% y-o-y to A$34.5 million.
 
Other income increased by 210.4% to A$1.8 million in 1HFY2021 due to insurance monies received for property damages due to severe weather conditions.
 
Administrative expenses increased by 16.3% y-o-y to A$9.2 million mainly due to the increased employee benefits expenses, additional cleaning and security costs associated with Covid-19 control measures implemented during the period.
 
Other expenses increased by 636.3% y-o-y to A$1.7 million in 1H2021 the majority of this is associated with writing off of a trade receivable after Altura was placed into receivership.
 
Earnings per share (EPS) for the period stood at 3 Australian cents on a fully diluted basis, from 1.61 Australian cents a year ago.
 
According to Civmec&rsquo s chairman, James Fitzgerald, &ldquo The first half of FY2021 continues the strong growth in revenue and profits seen in prior periods off the back of a growing order book.&rdquo
 
&ldquo Strong profits and cashflow, coupled with reduced capital requirements of the group has allowed us to declare our first interim dividend of 1.0 Australian cent, to be paid on March 26,&rdquo he says.
 
During the period the group announced several contract wins in all its sectors, which contributed to the group&rsquo s performance.
 
Its order book, as at end-January, stood at $1.15 billion.
 
The group says the forward tendering outlook remains positive, particularly given its established local supply chains, which will enable it to continue to fully support the delivery of the group&rsquo s projects.
 
It adds that the Covid-19 pandemic has had no significant impact on the majority of the group&rsquo s operations, with some minor impact on the timing of certain maintenance contracts being undertaken.
 
Cash and cash equivalents as at Dec 31, 2020, stood at A$42.0 million.
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SmallSmall
Supreme
10-Feb-2021 18:24     
 
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 Alert Admin 		Civmec Delivers Strong Results in 1H21

Highlights &bull EBITDA of A$34.3 million, representing a 93.8% increase from 1H20 &bull
NPAT of A$15.0 million representing an 88% increase from 1H20 &bull
Net Profit margin of 4.9% &bull
Cash generated from operating activities of $28.6 million &bull
Earnings per share of 3.00 cents, up from 1.61 cents in 1H20 &bull
Declared inaugural interim dividend of 1.0 Australian cent &bull
$1.15 billion order book as at 31 January 2021 
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SmallSmall
Supreme
08-Feb-2021 14:51     
 
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From SimplyWall.st. Just for reference DYODD 

https://simplywall.st/stocks/sg/capital-goods/sgx-p9d/civmec-shares#valuation

Valuation



Is Civmec undervalued compared to its fair value and its price relative to the market?

Analysis Checks  2/6

 
 
 
 
 
 


> 50%

Undervalued compared to fair value

 

Share Price vs. Fair Value

88.5%UndervaluedCurrent PriceS$0.59Fair ValueS$5.1120% UndervaluedAbout Right20% Overvalued
View Data
 
 


Below Fair Value:  P9D (SGD0.59) is trading below our estimate of  fair value  (SGD5.11)
 


Significantly Below Fair Value:  P9D is trading below fair value by more than 20%.
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SmallSmall
Supreme
05-Feb-2021 14:43     
 
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 Alert Admin 		Wow....Heading for the moon 
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