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Siwomp Supreme	13-Jun-2017 10:56        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vol is the basis of a good run.......
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dav781 Senior	13-Jun-2017 10:42        dav781 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry, I mean Quite bullish today :-) dav781      ( Date: 13-Jun-2017 10:41) Posted: uite bullish today. Most buy-ups!!! 0X (Ley Choon)  Information is updated as of Tue, June 13, 2017 at 10:38:56 AM  Last Chng Vol High Low  0.031 +0.002 9,497.9 0.031 0.029  Bid Bid Vol Ask Ask Vol  0.030 3,822.4 0.031 2,967.3  0.029 3,945.9 0.032 3,270.2  0.028 4,422 0.033 2,271  0.027 4,994 0.034 2,445.9  0.026 3,438 0.035 1,870  0.025 3,080 0.036 500  0.024 3,718.2 0.037 280 WEIGHTED AVG PRICE : 0.0303 LAST DONE PRICE : 0.031    SPREAD/PRICE RATIO : 0.0323 AVG TRADE SIZE : 114.433  Last Trades Vol BuyVol Mid SellVol  0.029 9 744.1 13.1 0 731  0.030 30 4,773.3 96 0 4,677.3  0.031 44 3,980.5 0 0 3,980.5  TOTAL 83 9,497.9 109.1 0 9,388.8
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dav781 Senior	13-Jun-2017 10:41        dav781 About Contact  Quote this Post!
x 0   x 0  Alert Admin	uite bullish today. Most buy-ups!!! 0X (Ley Choon)  Information is updated as of Tue, June 13, 2017 at 10:38:56 AM  Last Chng Vol High Low  0.031 +0.002 9,497.9 0.031 0.029  Bid Bid Vol Ask Ask Vol  0.030 3,822.4 0.031 2,967.3  0.029 3,945.9 0.032 3,270.2  0.028 4,422 0.033 2,271  0.027 4,994 0.034 2,445.9  0.026 3,438 0.035 1,870  0.025 3,080 0.036 500  0.024 3,718.2 0.037 280 WEIGHTED AVG PRICE : 0.0303 LAST DONE PRICE : 0.031    SPREAD/PRICE RATIO : 0.0323 AVG TRADE SIZE : 114.433  Last Trades Vol BuyVol Mid SellVol  0.029 9 744.1 13.1 0 731  0.030 30 4,773.3 96 0 4,677.3  0.031 44 3,980.5 0 0 3,980.5  TOTAL 83 9,497.9 109.1 0 9,388.8
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Siwomp Supreme	13-Jun-2017 10:38        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	I like this, back to its core compentency.......... back to sustain profitability.
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dav781 Senior	09-Jun-2017 11:48        dav781 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The good thing about Govt projects is that there is no need to go for the lowest bidding. They take into consideration experience and reputation. Ley Choon should have some advantages. Of coz, Ley Choon must prove themselves in the P& L. Hopefully, a fifth consecutive quarter of profit in 2 months' time. Anyway, volume and price is good today :-) Morello      ( Date: 09-Jun-2017 09:57) Posted: Fair analysis Nothing much to add except for pipe laying projects or similar, pricing is extremely competitive, so not  easy to win public tenders. Even then, margins are very thin.  For now, I think this is just a BB play.   dav781      ( Date: 08-Jun-2017 16:39) Posted: Just sharing some thoughts of my value analysis of Ley Choon. Pls feel free to comment. 1. EPS for FY2017 = 3.16 cents. This is not an accurate reflection of the actual earnings of the company as out of the $17.8 million profit, $17.8 million is from the sale of 2 properties and its property development company. However, in FY2017, Ley Choon paid quite a bit for professional fees (for the restructuring), additional impairment losses on plant and equipment and motor vehicles and impairment losses on trade receivables in Yantai. I am also expecting lower finance cost (after restructuring) in FY2018. Taking all into consideration, I would expect EPS for FY2018 to be around 20% of FY2017. Also, there was the rights issue. Thus, expected EPS for FY2018 should be at least (I expect more business for Ley Choon due to PUB laying more water pipes in the next 2-3 years) 3.16 cents x 0.2 x 0.5 = 0.316 cents. Taking a conservative multiplier of 11 (for construction companies), I would expect Ley Choon to be worth at least 0.35 cents per share. 2. NAV per share after rights issue is 2.68 cents, so current price of 0.27 cents should be a safe price to enter. Most construction companies have NAV per share of more than 1. Using 1 is rather conservative as well.
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Morello Veteran	09-Jun-2017 09:57        Morello About Contact  Quote this Post! Style: Combined   Mood: Yells: "In it for the long haul"
x 0   x 0  Alert Admin	Fair analysis Nothing much to add except for pipe laying projects or similar, pricing is extremely competitive, so not  easy to win public tenders. Even then, margins are very thin.  For now, I think this is just a BB play.   dav781      ( Date: 08-Jun-2017 16:39) Posted: Just sharing some thoughts of my value analysis of Ley Choon. Pls feel free to comment. 1. EPS for FY2017 = 3.16 cents. This is not an accurate reflection of the actual earnings of the company as out of the $17.8 million profit, $17.8 million is from the sale of 2 properties and its property development company. However, in FY2017, Ley Choon paid quite a bit for professional fees (for the restructuring), additional impairment losses on plant and equipment and motor vehicles and impairment losses on trade receivables in Yantai. I am also expecting lower finance cost (after restructuring) in FY2018. Taking all into consideration, I would expect EPS for FY2018 to be around 20% of FY2017. Also, there was the rights issue. Thus, expected EPS for FY2018 should be at least (I expect more business for Ley Choon due to PUB laying more water pipes in the next 2-3 years) 3.16 cents x 0.2 x 0.5 = 0.316 cents. Taking a conservative multiplier of 11 (for construction companies), I would expect Ley Choon to be worth at least 0.35 cents per share. 2. NAV per share after rights issue is 2.68 cents, so current price of 0.27 cents should be a safe price to enter. Most construction companies have NAV per share of more than 1. Using 1 is rather conservative as well.
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dav781 Senior	08-Jun-2017 16:39        dav781 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just sharing some thoughts of my value analysis of Ley Choon. Pls feel free to comment. 1. EPS for FY2017 = 3.16 cents. This is not an accurate reflection of the actual earnings of the company as out of the $17.8 million profit, $17.8 million is from the sale of 2 properties and its property development company. However, in FY2017, Ley Choon paid quite a bit for professional fees (for the restructuring), additional impairment losses on plant and equipment and motor vehicles and impairment losses on trade receivables in Yantai. I am also expecting lower finance cost (after restructuring) in FY2018. Taking all into consideration, I would expect EPS for FY2018 to be around 20% of FY2017. Also, there was the rights issue. Thus, expected EPS for FY2018 should be at least (I expect more business for Ley Choon due to PUB laying more water pipes in the next 2-3 years) 3.16 cents x 0.2 x 0.5 = 0.316 cents. Taking a conservative multiplier of 11 (for construction companies), I would expect Ley Choon to be worth at least 0.35 cents per share. 2. NAV per share after rights issue is 2.68 cents, so current price of 0.27 cents should be a safe price to enter. Most construction companies have NAV per share of more than 1. Using 1 is rather conservative as well.
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dav781 Senior	07-Jun-2017 10:50        dav781 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This tread has been dead for so long, just like Ley Choon :-) But Ley Choon is on its way back. 4 consecutive quarters in the black, better cost control and focused business after restructuring, extensive water pipe laying in Singapore in the next 2 years etc.
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derekchong Master	15-Oct-2014 11:28        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	top loser in % second to vard only. siong aah.
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derekchong Master	26-Sep-2014 21:51        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	coy bought 49 lots only but got to provide five SGX announcement.
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derekchong Master	24-Sep-2014 14:25        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	volumn high , price down. not good today.
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derekchong Master	04-Sep-2014 09:21        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	no more lelong, lelong. got buyer no seller.
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jessemani Member	29-Aug-2014 23:43        jessemani About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is called " Kitchen Sinking" . Similar to what the banks did in 2008/09.  Jimmykohkk      ( Date: 22-Aug-2014 19:13) Posted: Results just out: Net profit after tax The Group reported a net loss after tax of $26.0 million for Q2FY14 compared to a net profit after tax of $2.1 million for Q2FY13 due to the various reasons as disclosed above. Gone case sheerluck      ( Date: 26-Apr-2014 20:51) Posted: Ley Choon business is sound.   Mostly govt jobs with little risk of bad debt.   However, two points to note: - huge debt (mostly short term suggesting a need to improve working captial).   gearing 1.5x. financial cost from this eats away 1/3 of its profit. - margin eroison with any further increase in foreigh worker levy. Unfortunately, its share place is so low that any fund raising by share placemnt will dilute its EPS too much.   What it needs to do is to negotiate a better payment schedule for its work.   Get the cash in quick to reduce the hugh short term loan.   This should help to improve its earning through a lowered financial cost. They will also need to keep an eye on their porject management to prevent losses from unapproved work and variation order. Excluding all the once-offs in the last two FY, core PE is 12-13, price-to-book is 0.9.   Let see what their Q1 reporting card reveals.
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jessemani Member	29-Aug-2014 23:41        jessemani About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good levels to accumulate
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derekchong Master	28-Aug-2014 09:55        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	ley choon, not ley long. how come price drop like that.
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derekchong Master	25-Aug-2014 13:55        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	if px go lower, Hiap Hoe can collect more. No hurry.
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lifeisgood Supreme	23-Aug-2014 10:32        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	This company not so god with cost management. How come Hiap Hoe not helping? edwinjup      ( Date: 23-Aug-2014 09:18) Posted: Loss May increase as worker levy up more in july 2014...think they got large pool of foreign workers sheerluck      ( Date: 22-Aug-2014 19:55) Posted: Tthe resutls is whole lot worse than expected.   About $9mil of unclaimable revenue due to specs of work.   Why did Ley Choon deivates from the scope in the first place?   Additional cost of $12.2mil and is likely to stay as mostly due to worker levy and material.   Even accoutning for these two the gross profit is zero. It is going to take a while for LC to recover from this blow. Not a call to buy/sell.   pls dydd.
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edwinjup Supreme	23-Aug-2014 09:18        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	Loss May increase as worker levy up more in july 2014...think they got large pool of foreign workers sheerluck      ( Date: 22-Aug-2014 19:55) Posted: Tthe resutls is whole lot worse than expected.   About $9mil of unclaimable revenue due to specs of work.   Why did Ley Choon deivates from the scope in the first place?   Additional cost of $12.2mil and is likely to stay as mostly due to worker levy and material.   Even accoutning for these two the gross profit is zero. It is going to take a while for LC to recover from this blow. Not a call to buy/sell.   pls dydd.   Jimmykohkk      ( Date: 22-Aug-2014 19:13) Posted: Results just out: Net profit after tax The Group reported a net loss after tax of $26.0 million for Q2FY14 compared to a net profit after tax of $2.1 million for Q2FY13 due to the various reasons as disclosed above. Gone case
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sheerluck Supreme	22-Aug-2014 19:55        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Tthe resutls is whole lot worse than expected.   About $9mil of unclaimable revenue due to specs of work.   Why did Ley Choon deivates from the scope in the first place?   Additional cost of $12.2mil and is likely to stay as mostly due to worker levy and material.   Even accoutning for these two the gross profit is zero. It is going to take a while for LC to recover from this blow. Not a call to buy/sell.   pls dydd.   Jimmykohkk      ( Date: 22-Aug-2014 19:13) Posted: Results just out: Net profit after tax The Group reported a net loss after tax of $26.0 million for Q2FY14 compared to a net profit after tax of $2.1 million for Q2FY13 due to the various reasons as disclosed above. Gone case sheerluck      ( Date: 26-Apr-2014 20:51) Posted: Ley Choon business is sound.   Mostly govt jobs with little risk of bad debt.   However, two points to note: - huge debt (mostly short term suggesting a need to improve working captial).   gearing 1.5x. financial cost from this eats away 1/3 of its profit. - margin eroison with any further increase in foreigh worker levy. Unfortunately, its share place is so low that any fund raising by share placemnt will dilute its EPS too much.   What it needs to do is to negotiate a better payment schedule for its work.   Get the cash in quick to reduce the hugh short term loan.   This should help to improve its earning through a lowered financial cost. They will also need to keep an eye on their porject management to prevent losses from unapproved work and variation order. Excluding all the once-offs in the last two FY, core PE is 12-13, price-to-book is 0.9.   Let see what their Q1 reporting card reveals.
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Jimmykohkk Master	22-Aug-2014 19:13        Jimmykohkk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Results just out: Net profit after tax The Group reported a net loss after tax of $26.0 million for Q2FY14 compared to a net profit after tax of $2.1 million for Q2FY13 due to the various reasons as disclosed above. Gone case sheerluck      ( Date: 26-Apr-2014 20:51) Posted: Ley Choon business is sound.   Mostly govt jobs with little risk of bad debt.   However, two points to note: - huge debt (mostly short term suggesting a need to improve working captial).   gearing 1.5x. financial cost from this eats away 1/3 of its profit. - margin eroison with any further increase in foreigh worker levy. Unfortunately, its share place is so low that any fund raising by share placemnt will dilute its EPS too much.   What it needs to do is to negotiate a better payment schedule for its work.   Get the cash in quick to reduce the hugh short term loan.   This should help to improve its earning through a lowered financial cost. They will also need to keep an eye on their porject management to prevent losses from unapproved work and variation order. Excluding all the once-offs in the last two FY, core PE is 12-13, price-to-book is 0.9.   Let see what their Q1 reporting card reveals.
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