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141-160 of 245
collected at 210 3 wks back...good for 230- 250 tgt tp.
Octavia ( Date: 29-Aug-2013 09:53) Posted:
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Phillip Capital Research recommended a trading buy on Sin Heng
Investment Action:
Fundamentals
Sin Heng is at better relative valuations compared to peers, but yet have had better capital management, better execution and is positioned for growth. It?s undiluted T12M PE of 7.2x is under the peers average of 9.8x while having considerably less leverage (have bullets to expand). It?s EV/EBIT (T12M) shows even better performance at 6.3 vs peer average of 9.9....
Taking the most conservative of methods written in the report - Undiluted T12M PE vs second best peer of 9.1x implies a target price of 0.27 SGD, which is justified because of their outperformance and competitive business model.
Technical price action suggests a 2 month consolidation between 20 and 22 cents. A breakout from 22 cents implies further upside. Any sort or normalization to historical EV or PE values is justifiable for it?s better relative valuation than its peers and implies at least a 20% gain to 26 cents which could trigger the breakout.
Investment Action:
Fundamentals
Sin Heng is at better relative valuations compared to peers, but yet have had better capital management, better execution and is positioned for growth. It?s undiluted T12M PE of 7.2x is under the peers average of 9.8x while having considerably less leverage (have bullets to expand). It?s EV/EBIT (T12M) shows even better performance at 6.3 vs peer average of 9.9....
Taking the most conservative of methods written in the report - Undiluted T12M PE vs second best peer of 9.1x implies a target price of 0.27 SGD, which is justified because of their outperformance and competitive business model.
Technical price action suggests a 2 month consolidation between 20 and 22 cents. A breakout from 22 cents implies further upside. Any sort or normalization to historical EV or PE values is justifiable for it?s better relative valuation than its peers and implies at least a 20% gain to 26 cents which could trigger the breakout.
bishan22 ( Date: 16-Sep-2013 11:55) Posted:
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Vectoevest.also got.a buy rating..target 36cents..if got 30% upside..I will run
bishan22 ( Date: 16-Sep-2013 11:55) Posted:
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Currently Philip webinar is recommending to buy at 0.22. They project a upside 25%. Good luck.
shygiraffe ( Date: 16-Sep-2013 11:44) Posted:
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Up 0.225 today.. something brewing?
Someone tried to attract buying interest in the counter. A large buy queue at $0.23 was seen in the pre-open this morning. This was subsequently removed at 08:57:59 and settled for a opening at $0.215. It is still up half a cent and the volume of 2000 lots for slightly more than half an hour's trading is quite decent for this stock. Don't know whether there is anything following through later in the day ?
Sin heng got small move today
laggard, wonder will it move today?
yesterday done in 0.215, hopefully today went up more !!
Octavia ( Date: 29-Aug-2013 09:53) Posted:
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Sin Heng concluded the year with a robust set of results, as FY 13 net profit rose 47.4% to $13.8m on back of a " broad-based improvement across geographical markets and business segments" . Revenue was up 44.3% to $186.5m. Revenue from its trading segment increased by 49% to $133m mainly due to the higher volume of cranes traded, while revenue from its equipment rental segment improved by 33% to $53.5m due mainly to an increase in revenue from its expanded fleet size. Sin Heng continues to expand to new markets like Indonesia and Myanmar, and has introduced its complementary business of rental and trading to its overseas subsidiaries. Going forward, the co.says that it is ready for new potential growth ahead and I encouraged by the active participation of its shareholders in its recent rights issue.
Profit UP +45%
share holder buy back yesterday....
basing?
Volume building up.
Sin Heng expand into MYANMAR with right issues at 1 for 4 at $0.16. Buy on dips
Looking good. $0.26 Close.
Sin Heng trying to break the $0.26 barrier.
DBS from Mar'13
Sin Heng (Trading buy, Fair Value: S$0.29) has more than 40
years of experience in rental and trading of cranes and aerial
lifts
from Singapore. The outlook for cranes is expected to be
buoyant on the back of the tight supply in the industry.
Domestic crane demand is expected to be strong, supported
by a strong pipeline of construction and civil engineering
projects, as the population of Singapore increases. Its newly
formed JV in Myanmar could present abundant business
opportunities.
consistent performer.. announcing their latest results
Company Results
S/NCompany NameQ/HY/FYCurrency, UnitsRevenueNet Profit
CurrentPreviousChange (%)CurrentPreviousChange (%)
13Sin Heng Heavy Machinery Limited3Q13S$ M44.3 26.6 51.2 3.1 1.5 109.6
ozone2002 ( Date: 01-Nov-2012 13:22) Posted:
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Sin Heng registered revenue of $40.3m (+51.2% y-o-y) for 3Q FY13 and $124.6m (+37.8% y-o-y) for 9M FY13. The
increase in total revenue was due to increase in both rental and trading revenues. Gross profit of $7.2m for 3Q FY13 was 67.0% higher y-o-y while total gross profit of $21.6m for 9M FY13 which was 61.7% higher than the prior 9M FY12. Gross margin improved to 17.3% for 9M FY13 from 15.8% in FY12. 3Q13 net profit doubled to S$3.1m while 9MFY13 was up 67% to S$9.4m. Chartwise, it’s been based out at 0.245.
Looking ahead, the company is cautiously optimistic that the key markets it operates remain encouraging. Technically, thestock has been trading in a narrow band from 0.23-0.26 since early March. It looks to have based out at $0.24-0.245.
Scope for an initial move to $0.265, a rise above this is needed to lift the stock to $0.285.
(DBSV)
SH's 2Q13 profit $3 millions.
Declare interim dividend $0.0035?
For more info.go to SGX website.
Declare interim dividend $0.0035?
For more info.go to SGX website.