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Something good coming...
mrwise ( Date: 08-Sep-2021 09:35) Posted:
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Maybe 50% upside?!!!
mrwise ( Date: 08-Sep-2021 09:33) Posted:
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Babe of the DAY!!!
spursfan ( Date: 27-Aug-2021 12:57) Posted:
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Grand Banks Yachts FY2021 Net Profit Rises 300.5% to S$4.2 Million Despite COVID-Related Temporary Shut-downs At Malaysian Yard
- 40 new boat orders and six trade-in boats recorded in FY2021, lifted by strong demand for yachts amid the pandemic
- Production at Pasir Gudang yard has been halted since 1 June 2021 in compliance with Malaysian Government&rsquo s Movement Control Orders
- i nitiative by Company to vaccinate all workers gradual restart in August with limited workers and concurrent worker vaccination
- FY2021 gross profit margin increased to 21.5% from 18.3%, due to increased sales of highermargin boats amid new digital marketing initiatives
- Proposes full-year final dividend of S$0.005 per share
https://links.sgx.com/1.0.0/corporate-announcements/89GYACVIT1CB6W66/681638_Press_Release.pdf
- 40 new boat orders and six trade-in boats recorded in FY2021, lifted by strong demand for yachts amid the pandemic
- Production at Pasir Gudang yard has been halted since 1 June 2021 in compliance with Malaysian Government&rsquo s Movement Control Orders
- i nitiative by Company to vaccinate all workers gradual restart in August with limited workers and concurrent worker vaccination
- FY2021 gross profit margin increased to 21.5% from 18.3%, due to increased sales of highermargin boats amid new digital marketing initiatives
- Proposes full-year final dividend of S$0.005 per share
https://links.sgx.com/1.0.0/corporate-announcements/89GYACVIT1CB6W66/681638_Press_Release.pdf
CSC has sufficient construction materials in Singapore despite Malaysia MCO 3.0
Engineering specialist CSC Holdings said its Singapore foundation operations has maintained " sufficient stock" of key construction materials that are typically supplied from Malaysia.These materials, including pre-cast concrete piles, will last through Malaysia' s extended total lockdown for its ongoing projects in Singapore, the mainboard-listed firm said in a bourse filing on Monday evening.
Last Friday, Malaysia extended its movement control order, known as MCO 3.0, for another two weeks - from June 15 to June 28 - as the number of new daily Covid-19 infections in the country remained high.
CSC' s operations in Malaysia will remain suspended during the extended lockdown. This disruption " may affect the group' s performance" for the financial year ending March 31, 2022, and CSC will continue to monitor the evolving situation " closely" , it said.
Another Singapore-listed company, Grand Banks Yachts, similarly announced on Monday that its manufacturing yard in Pasir Gudang in Johor, Malaysia, will continue to suspend operations until the MCO 3.0 is lifted.
Grand Banks, which produces luxury recreational motor yachts, said it expects the extended lockdown to affect its performance for the fourth fiscal quarter ending June 30, 2021.
Surging.
Guys, this is an undervalued stock.
Below is the extraordinary performance from Grand Banks Yatch Limited :
Net profit 1st to 3rd quarter 2017 : -491,000
Net profit 1st to 3rd quarter 2018 : 3,222,000
Profit increase : 756.2%.
Total Revenue 1st to 3rd quarter 2017 : 38,800,000
Total Revenue 1st to 3rd quarter 2018 : 65,501,000
Target Price : 0.65 and above.
Note : In view of its 3Q FY2018 performance, CEO expects 2H FY2018 net operating profit to exceed that of 1H FY2018. It mean better than 4rd quarter profit is going to announce soon !
Below is the extraordinary performance from Grand Banks Yatch Limited :
Net profit 1st to 3rd quarter 2017 : -491,000
Net profit 1st to 3rd quarter 2018 : 3,222,000
Profit increase : 756.2%.
Total Revenue 1st to 3rd quarter 2017 : 38,800,000
Total Revenue 1st to 3rd quarter 2018 : 65,501,000
Target Price : 0.65 and above.
Note : In view of its 3Q FY2018 performance, CEO expects 2H FY2018 net operating profit to exceed that of 1H FY2018. It mean better than 4rd quarter profit is going to announce soon !
Notwithstanding,fundamentally, good value for money.
AddLuck ( Date: 03-May-2014 12:25) Posted:
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He controls Genting , doesn' t he???......a multi billion dollar business......why come into this little business, only a hair' s breadth in comparison. Don' t tell me he is interested in the America' s cup.....after all Mark Richards headed twice in the yatchting race......no problem for Genting to Bankroll a yatch for such race, ya?? good advertising also......hmmm......those malaysian BBs......some want football clubs, one for F1, one for Monsoon Cup.....this time America' s Cup.....what ego!!!! lol
think2profit ( Date: 03-May-2014 10:29) Posted:
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AddLuck,
LimKT owns half of an Italian' s yacht maker. He may be trying to inject this into Grand Banks. To do so, he would need more control of Grand Bank, ahead of Mark Richard, the future CEO. Does it make sense?
AddLuck ( Date: 02-May-2014 18:47) Posted:
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Latest count 25.45%......what move is he thinking.....just investment??
think2profit ( Date: 02-May-2014 16:34) Posted:
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Tan Sri Lim KT bought 3,350,000 shares at 25.2c per share. He now owns 24.7% in Grand Banks. Big boy started the game?
Demand for yachts is improving as Asians are getting richer and due to economic recovery in the US. Change of CEO to a yachting champion from Australia with injection of new yacht brands are timely. Bullish in my view too but it is difficult to accumulate to a large position due to small free float in the market.
TO DA MOON SOON!!!
VERY BULLISH!!!