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So many bombed out counters on sgx that astute funds, businesses or individuals are eying counters here n there. What other counters can we be nimble enough to jeep before they start chionging? All in all though, the goings on reflect the true sh*t state of the mkt here n signal the death knell for sgx, which may be just as well since the management just hasn' t got a clue as to what' s going on.
sunview ( Date: 15-Mar-2016 09:22) Posted:
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I think TH substantially bigger though. There' s TB n YM that might possibly be the subject of " unsolicited" approaches, who knows.
sunview ( Date: 15-Mar-2016 09:31) Posted:
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On the chart, it is also a breakout for Tiong Woon.
edwinjup ( Date: 15-Mar-2016 09:17) Posted:
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Attention has now been drawn to the bombed-out companies in industries that are still bright in the future. Many of these are at such a discount to their NAV. May be people will look also at Tiong Woon and Hiap Tong now. Their share prices are at even bigger discount to NAV.
nah-calcs ( Date: 15-Mar-2016 09:09) Posted:
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Tiong woon also up...who next..sinheng or ms holding....lol
Tat Hong Holdings Ltd (the &ldquo Company&rdquo ) wishes to inform shareholders that the Company has been approached in connection with a potential transaction which may or may not lead to an acquisition of the issued share capital of the Company. Discussions are preliminary and there is no certainty or assurance whatsoever that these discussions will result in any transaction. The Company has appointed Rippledot Capital Advisers Pte. Ltd. as its financial adviser in connection with such approach.
The Company will, in compliance with the applicable rules (including the Corporate Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further announcements as appropriate.
The Company wishes to advise its shareholders to refrain from taking any action in respect of their shares of the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company.
By Order of the Board
Tat Hong Holdings Ltd
Lional Tseng / Jennie Hong Chok Hane
Company Secretaries
15 March 2016
ANNOUNCEMENT
sunview ( Date: 15-Mar-2016 08:58) Posted:
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Tat Hong open with a bang ! $0.58 !
Touched a high of $0.50 and back down to $0.49. If it can get through this congested area, the next technical target is $0.54. But it looks like it may take some time.
Tat Hong' s run up seems to be own as its listed peers Tiong Woon and Hiap Tong did not join in. In fact, Tiong Woon dropped 1 cents today to $0.22.
All 3' s share price are at a big discount to NAV. Tat Hong' s NAV is $1.0107 against share price of $0.49 whereas Hiap Seng' s NAV is $0.2488 vs share price of $0.071 cents and Tiong Woon' s NAV is $0.5677 vs share price of $0.22.
$0.485 now.
This morning touched a high of 47 cents and now back to $0.455. Volume not particularly outstanding but is already more than the daily average volume (for the last few months). Breaking out of $0.44, the next congested area would be around $0.48 - 0.495. Not sure whether short-term can reach there or not. Maybe punters are just excited by the the possiblity of privatisation and the technical breakout.
Alamak, they holding all loss-making coys in their hands (TH, CSC, Intraco) where got so much $$$ left to take provate. If take private means suffer higher loss cos holding higher proportion of coy. Just think not likely leh.
sunview ( Date: 09-Mar-2016 13:45) Posted:
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In fact it has just moved up to 0.44 at the time of my last writing.
This is one of the battered stocks. It last reported a loss and analysts have yet to see light coming out of the tunnel. There is no update on the listing of its crank business in Taiwan. The lack of interest is seen in the low liquidity with some analysts ceased coverage on the stock. No wonder the last posting in this forum was some 9 months back.
Given the recent wave of privatisation offers in Singapore, DBS in a SMC monthly report dated yesterday highlighted a few bombed out names as potential privatisation or takeover targets including Tat Hong. The others mentioned are PACC Offshore, Pacific Radiance, Pan-United and Banyan Tree.
The stock is sitting on the edge of the down trendline.
Not many projects in the market now.
Property developers mostly halt or slow down their projects until GE is over.
Too many machines and equipment collecting dust and not generating income.
Have to wait for another six months before any major movement i think.
derekchong ( Date: 16-Jun-2015 10:21) Posted:
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what happen. $0.50 only.
very cheap hor.
Yep. Maybe 52-55 will coincide with the next ausie mining boom (after PRC economy u-turns). Then TH will chiong again to > $1.
sgx_fanatic ( Date: 13-May-2015 21:36) Posted:
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wait for 52-55 cents level...
PanicTrader ( Date: 13-May-2015 20:23) Posted:
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they should get back up to speed soon, family work ethics is there and company fundamentals are strong.
Tat Hong expect loss for 4QFY15 as a result of significant charges for impairment of goodwill and assets as the anticipated recovery in activity levels in Australian construction sector did not materialise amidst protracted sluggish Australian economy.
Likely Australia cos the mining boom has ended. Also, in the PRC, probably much less projects now since economy n especially property mkt also not doing so well.
vivivava ( Date: 06-Mar-2015 11:20) Posted:
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