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CHECK OF THIS GEM FEW YEARS AGO.. HIGH DIVDEND PAYING STRONG COMPANY
danger ( Date: 12-Jan-2018 09:35) Posted:
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COMING ! LOAD UP !
CRUDE OIL $64.40 !
CRUDE OIL $64.40 !
NOT MUCH SELLER .. ACCUMULATE CHEAP
THIS STOCK IS TRADING AT AROUND 0,6 TIMES OF NAV/BOOK VALUE ONLY
As you can see investors are taking notice and quietly buying up the lots to accumulate while oil is hitting 2014 HIGH
WARREN BUFFETT :
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can&rsquo t buy what is popular and do well.
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can&rsquo t buy what is popular and do well.
LOWEST ROCK BOTTOM PRICE TO ACCUMULATE BEFORE PRICE RECOVERS
CRUDE OIL HIT $64.40 ALREADY
a limestone. sad.
ya.
mtq is a very disappointing stock.
.
mtq is a very disappointing stock.
.
danger ( Date: 12-Jan-2018 09:32) Posted:
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Oilfield Engineering &ndash Preparing for recovery
The Oilfield Engineering business comprises our engineering
facilities in Pandan Loop and Loyang in Singapore, our facility
in Al-Hidd, Bahrain and the Binder Group with a facility in
Jakarta, Indonesia.
Our capabilities in Bahrain continue to improve as we enter
into our 6th year of operations and we continue to broaden
our work scope with key OEMs like NOV and GE as well as
the increasing number of drilling contractors operating in the
Middle East. Our focus remains in strengthening our reputation
with drilling contractors as the independent vendor of choice
in the Saudi market. Our revenues in Bahrain remain skewed
towards maintenance opportunities within the Middle East
markets which remain healthy. However, customers are
looking to achieve cost savings given their significantly reduced
day rates this continues to put us under pricing pressure.
Business costs have also risen in Bahrain in the form of higher
welfare charges and lower government subsidies.
In Singapore, we endured a difficult year of low revenues and
losses. Revenue opportunities in the drilling equipment service
space remain subdued but the rig counts in South East Asia
have increased since late 2016. In the meantime, our sales
focus has secured opportunities in other sectors like aviation
and new markets like downstream valve maintenance. We
have made a modest investment in a new oilfield handling tools
company and look to expand our manufacturing capability in
that area. Sales and rental of drilling equipment has been quiet
but the outlook moving ahead is more positive as rigs rejoin the
working fleet.
For our pipe support activities, we successfully supplied a
sizable order for the Singapore LNG project and continue to
focus on new plant opportunities in both the LNG and power
space. Overall levels of revenue remain low but have been
picking up. We exited the domestic steel distribution business
in Australia and have fully integrated the business in Perth
within the Neptune Perth facility.
The Oilfield Engineering business comprises our engineering
facilities in Pandan Loop and Loyang in Singapore, our facility
in Al-Hidd, Bahrain and the Binder Group with a facility in
Jakarta, Indonesia.
Our capabilities in Bahrain continue to improve as we enter
into our 6th year of operations and we continue to broaden
our work scope with key OEMs like NOV and GE as well as
the increasing number of drilling contractors operating in the
Middle East. Our focus remains in strengthening our reputation
with drilling contractors as the independent vendor of choice
in the Saudi market. Our revenues in Bahrain remain skewed
towards maintenance opportunities within the Middle East
markets which remain healthy. However, customers are
looking to achieve cost savings given their significantly reduced
day rates this continues to put us under pricing pressure.
Business costs have also risen in Bahrain in the form of higher
welfare charges and lower government subsidies.
In Singapore, we endured a difficult year of low revenues and
losses. Revenue opportunities in the drilling equipment service
space remain subdued but the rig counts in South East Asia
have increased since late 2016. In the meantime, our sales
focus has secured opportunities in other sectors like aviation
and new markets like downstream valve maintenance. We
have made a modest investment in a new oilfield handling tools
company and look to expand our manufacturing capability in
that area. Sales and rental of drilling equipment has been quiet
but the outlook moving ahead is more positive as rigs rejoin the
working fleet.
For our pipe support activities, we successfully supplied a
sizable order for the Singapore LNG project and continue to
focus on new plant opportunities in both the LNG and power
space. Overall levels of revenue remain low but have been
picking up. We exited the domestic steel distribution business
in Australia and have fully integrated the business in Perth
within the Neptune Perth facility.
MTQ Corporation Limited (&ldquo MTQ&rdquo or the &ldquo Group&rdquo ) specialises in engineering solutions for oilfield equipment, including repair,
manufacture and rental operations, supply of oilfield equipment and tools, engineering services with a focus in subsea and
topside services, as well as pipe support and pipe suspension products. Well-known for its broad experience for over 30
years and commitment to service quality, the Group is the authorised working partner for some of the world&rsquo s largest OEMs
in drilling equipment and is accredited to carry out manufacturing and repair works in accordance to American Petroleum
Institute Standards.
manufacture and rental operations, supply of oilfield equipment and tools, engineering services with a focus in subsea and
topside services, as well as pipe support and pipe suspension products. Well-known for its broad experience for over 30
years and commitment to service quality, the Group is the authorised working partner for some of the world&rsquo s largest OEMs
in drilling equipment and is accredited to carry out manufacturing and repair works in accordance to American Petroleum
Institute Standards.
BACK IN 2014 , THE TARGET PRICE IS $1.74 DOWN FROM HIGHER TP
Valuations still attractive with 5.8/4.9x EV/EBITDA. MTQ is a growing cash cow with a healthy 3.4/4.2% dividend yield, backed by > SGD40m of annual EBITDA. With the weaker oil industry outlook for the near term, we now peg MTQ to 11x (from 12x) blended FY15/16F P/E for a SGD1.74 TP, which is equivalent to merely 6x FY15/16F EV/EBITDA. Our TP is backed by a SGD2.29/share DCF value at 9.6% WACC
Valuations still attractive with 5.8/4.9x EV/EBITDA. MTQ is a growing cash cow with a healthy 3.4/4.2% dividend yield, backed by > SGD40m of annual EBITDA. With the weaker oil industry outlook for the near term, we now peg MTQ to 11x (from 12x) blended FY15/16F P/E for a SGD1.74 TP, which is equivalent to merely 6x FY15/16F EV/EBITDA. Our TP is backed by a SGD2.29/share DCF value at 9.6% WACC
THIS STOCK IN THE BUSINESS OF OFFSHORE AND OIL & GAS HAD FALLEN FROM $1.75 SINCE FEW YEARS AGO AND NOW AT ROCK BOTTOM
MTQ HAD TEMPORARY STOP DISTRUBUTING 4 CENTS DIVIDEND DUE TO THE OIL SECTOR DOWNTURN
BUT NOW CRUDE OIL HAS RECOVER BACK TO ABOUT $64
THIS STOCK HAS YET TO CATCH UP
MTQ HAD TEMPORARY STOP DISTRUBUTING 4 CENTS DIVIDEND DUE TO THE OIL SECTOR DOWNTURN
BUT NOW CRUDE OIL HAS RECOVER BACK TO ABOUT $64
THIS STOCK HAS YET TO CATCH UP