Tat Hong
Tat Hong Growing to a Global Player
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take a look around you...a lot of tat hong cranes on the thomson line...plus paya lebar to buckley area
dont know about Jurong lakeide area....they r definitely not sufferring in singapore
maybe overseas...aust and china
Qanghoo ( Date: 06-Mar-2015 10:30) Posted:
Truth is they have never recovered to the glory of pre-financial crisis days. So, may be true that they don' t find worth to maintain listing status.
vivivava ( Date: 06-Mar-2015 10:21) Posted:
mr usureornot....u have any update to your virgin posting?
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Truth is they have never recovered to the glory of pre-financial crisis days. So, may be true that they don' t find worth to maintain listing status.
vivivava ( Date: 06-Mar-2015 10:21) Posted:
mr usureornot....u have any update to your virgin posting?
usureornot ( Date: 18-Aug-2014 13:41) Posted:
DELIST OFFER?
Tat Hong Holdings (SGX: T03) has tested the market for a sale in the past
couple of years, three industry sources said. It has most recently held talks w ith
private equity firms in an effort to go private, the first industry source noted.
Southeast Asia&rsquo s largest crane rental company had engaged boutique advisory
firm Rippledot, who sent out information memoranda (IM) dated November 2013 to
gauge interest, the first industry source said.
Rippledot declined comment on the IM, the mandate, and Tat Hong&rsquo s rumored desire
for a sale, but a source familiar w ith the situation noted that the firm has a close
relationship w ith Tat Hong Group CEO Ng San Tiong Roland, w ho is w illing to
engage w ith investors w ho are genuinely interested.
Affinity Equity Partners had earlier show n interest in Tat Hong, but did not
proceed further. Affinity had put together an offer that valued Tat Hong at SGD 1.3
per share w hich translates into an equity value of SGD 834m (USD 669.39m),
according to a document seen by this new s service.
Another private equity firm may have submitted an indicative bid for Tat Hong last
w eek, the first industry source said, w ithout elaborating further.
Affinity declined to comment. Tat Hong did not reply to an email requesting
comment, and a spokesperson said the company is in a quiet period ahead of its
results release on Friday.
Tat Hong management believes its grow th potential is not reflected in its current
stock price. The company&rsquo s share price has been beaten dow n due to the poor
performance of its Australian business, said the first industry source. According
to Tat Hong' s w ebsite, the slow dow n of mining and LNG-related infrastructure
activity in Australia led to w eaker demand for specialized transportation services.
This situation, as w ell as the completion of projects in Malaysia and Papua New
Guinea, resulted in a 15.5% decline in revenues in FY14.
Tat Hong&rsquo s shares last closed at SGD 0.845. It booked SGD 684.08m in revenues
and reported SGD 1.57tn of total assets for the 12 months ending 31 March 2014.
Tat Hong has existing net debt of SGD 586.4m or almost 4.5x LTM EBITDA. SGX
peers include Sin Heng Heavy Machinery, Tiong Woon Corporation Holding
and Hiap Tong Corporation, according to a research report by Phillip Capital.
Tat Hong&rsquo s business nature as a leasing company also leaves it susceptible to
interest rate increases, the second industry source noted. He pointed to
Catermas, a much smaller peer w ith SGD 22m revenues last year, w hich w as
also on the market but having difficulty finding a buyer. Mergermarket reported last
year that a sale process for Catermas had been run by Pw C on behalf of the
founder w ho w as seeking an exit.
The source dow nplayed the effect of interest rates on the business, and said Tat
Hong is more affected by exposure to various geographies, especially in relation
to infrastructure and exploration projects.
Last month, Tat Hong sold a 70% stake in Hup Hin Transport, the Singaporebased
lorry transport services firm, to Hup Hin Capital for about SGD 20.6m. In
June 2014, Tat Hong also sold its entire stake in Kian Ho Bearings Ltd to Raffles
United Pte Ltd, for about SGD 17.2m of purchasing value.
When asked if the non-core divestments meant Tat Hong has unlocked value and
is done w ith M& A for the time being, the source familiar said this is not necessarily
the case.
Tat Hong&rsquo s majority ow ner is the Ng Family via Chw ee Cheng & Sons Pte Ltd
w ith a 35.26% stake as of 17 June 2014. The Ng family holds an aggregate 54.8%
stake. Private equity firm AIF ow ns 8.5%, leaving the free float at 37%.
Tat Hong has subsidiaries in Singapore, Indonesia, Malaysia, Vietnam, Hong Kong,
Macau, Papua New Guinea, Australia and China.
Source: Merger Markets
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mr usureornot....u have any update to your virgin posting?
usureornot ( Date: 18-Aug-2014 13:41) Posted:
DELIST OFFER?
Tat Hong Holdings (SGX: T03) has tested the market for a sale in the past
couple of years, three industry sources said. It has most recently held talks w ith
private equity firms in an effort to go private, the first industry source noted.
Southeast Asia&rsquo s largest crane rental company had engaged boutique advisory
firm Rippledot, who sent out information memoranda (IM) dated November 2013 to
gauge interest, the first industry source said.
Rippledot declined comment on the IM, the mandate, and Tat Hong&rsquo s rumored desire
for a sale, but a source familiar w ith the situation noted that the firm has a close
relationship w ith Tat Hong Group CEO Ng San Tiong Roland, w ho is w illing to
engage w ith investors w ho are genuinely interested.
Affinity Equity Partners had earlier show n interest in Tat Hong, but did not
proceed further. Affinity had put together an offer that valued Tat Hong at SGD 1.3
per share w hich translates into an equity value of SGD 834m (USD 669.39m),
according to a document seen by this new s service.
Another private equity firm may have submitted an indicative bid for Tat Hong last
w eek, the first industry source said, w ithout elaborating further.
Affinity declined to comment. Tat Hong did not reply to an email requesting
comment, and a spokesperson said the company is in a quiet period ahead of its
results release on Friday.
Tat Hong management believes its grow th potential is not reflected in its current
stock price. The company&rsquo s share price has been beaten dow n due to the poor
performance of its Australian business, said the first industry source. According
to Tat Hong' s w ebsite, the slow dow n of mining and LNG-related infrastructure
activity in Australia led to w eaker demand for specialized transportation services.
This situation, as w ell as the completion of projects in Malaysia and Papua New
Guinea, resulted in a 15.5% decline in revenues in FY14.
Tat Hong&rsquo s shares last closed at SGD 0.845. It booked SGD 684.08m in revenues
and reported SGD 1.57tn of total assets for the 12 months ending 31 March 2014.
Tat Hong has existing net debt of SGD 586.4m or almost 4.5x LTM EBITDA. SGX
peers include Sin Heng Heavy Machinery, Tiong Woon Corporation Holding
and Hiap Tong Corporation, according to a research report by Phillip Capital.
Tat Hong&rsquo s business nature as a leasing company also leaves it susceptible to
interest rate increases, the second industry source noted. He pointed to
Catermas, a much smaller peer w ith SGD 22m revenues last year, w hich w as
also on the market but having difficulty finding a buyer. Mergermarket reported last
year that a sale process for Catermas had been run by Pw C on behalf of the
founder w ho w as seeking an exit.
The source dow nplayed the effect of interest rates on the business, and said Tat
Hong is more affected by exposure to various geographies, especially in relation
to infrastructure and exploration projects.
Last month, Tat Hong sold a 70% stake in Hup Hin Transport, the Singaporebased
lorry transport services firm, to Hup Hin Capital for about SGD 20.6m. In
June 2014, Tat Hong also sold its entire stake in Kian Ho Bearings Ltd to Raffles
United Pte Ltd, for about SGD 17.2m of purchasing value.
When asked if the non-core divestments meant Tat Hong has unlocked value and
is done w ith M& A for the time being, the source familiar said this is not necessarily
the case.
Tat Hong&rsquo s majority ow ner is the Ng Family via Chw ee Cheng & Sons Pte Ltd
w ith a 35.26% stake as of 17 June 2014. The Ng family holds an aggregate 54.8%
stake. Private equity firm AIF ow ns 8.5%, leaving the free float at 37%.
Tat Hong has subsidiaries in Singapore, Indonesia, Malaysia, Vietnam, Hong Kong,
Macau, Papua New Guinea, Australia and China.
Source: Merger Markets
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Last FY2Q, net profit $8.2M, Other income (one off) $2.9M
This FY2Q, net profit $11.5M, Other income (one off) $10.1M
So work it back, Last FY2Q, net profit from continuing business (ie: ongoing business) = $8.2M - $2.9M = $5.3M
This FY2Q, net profit from contiuing business = $11.5M - $10.1M = $1.4M
So infact net profit drops from $5.3M to $1.4M for ongoing business. Those one-off gain will not be repeated. This gets me very worried.
Qanghoo ( Date: 14-Nov-2014 19:49) Posted:
Tthx for sharing. It' s important for us to be able to put the picture in perspective. A lot of times, we see all sorts of posts or comments that may not be accurate. It may not have been intentional, but this might inadvertently, give fellow forumers an over-optimistic or over pessimistic picture of a stock/s. So, fellow forumers who come forward to alert others we shd appreciate.
Jimmykohkk ( Date: 14-Nov-2014 19:27) Posted:
For the quarter under review, the Group recorded S$10.1 million in other income compared with S$2.9 million in 2QFY2014. The increase in other income arose primarily from gains realised from the divestment of Hup Hin Transport and from the disposal of property, plant and equipment.
One off gain only. Without this one off gain, profit not much. Last FY one off gain was only S$2.9 million, so if u work it back, i think net profit from continuing operations dips.
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Tthx for sharing. It' s important for us to be able to put the picture in perspective. A lot of times, we see all sorts of posts or comments that may not be accurate. It may not have been intentional, but this might inadvertently, give fellow forumers an over-optimistic or over pessimistic picture of a stock/s. So, fellow forumers who come forward to alert others we shd appreciate.
Jimmykohkk ( Date: 14-Nov-2014 19:27) Posted:
For the quarter under review, the Group recorded S$10.1 million in other income compared with S$2.9 million in 2QFY2014. The increase in other income arose primarily from gains realised from the divestment of Hup Hin Transport and from the disposal of property, plant and equipment.
One off gain only. Without this one off gain, profit not much. Last FY one off gain was only S$2.9 million, so if u work it back, i think net profit from continuing operations dips.
Secret_Squirrel ( Date: 14-Nov-2014 19:17) Posted:
Tat Hong: 2QFY2015 Net Profit Rises 40% To S$11.5 Million.
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For the quarter under review, the
Group recorded S$10.1 million in other income compared
with S$2.9 million in 2QFY2014. The increase in other income arose primarily from gains realised from the divestment of Hup Hin Transport and from the disposal of property, plant and equipment.
One off gain only. Without this one off gain, profit not much. Last FY one off gain was only S$2.9 million, so if u work it back, i think net profit from continuing operations dips.
Secret_Squirrel ( Date: 14-Nov-2014 19:17) Posted:
Tat Hong: 2QFY2015 Net Profit Rises 40% To S$11.5 Million.
ytoh1688 ( Date: 08-Oct-2014 12:00) Posted:
they are definitely doing something to inc shareholders value.....cud be quite a few things in the pipeline
just go to the paya lebar/eunos area and jurong area....see a lot of cranes everywhere...tat hong one some more....how can this co be dropping from 1.4 or 1.5 to 0.7 nw
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Tat Hong: 2QFY2015 Net Profit Rises 40% To S$11.5 Million.
ytoh1688 ( Date: 08-Oct-2014 12:00) Posted:
they are definitely doing something to inc shareholders value.....cud be quite a few things in the pipeline
just go to the paya lebar/eunos area and jurong area....see a lot of cranes everywhere...tat hong one some more....how can this co be dropping from 1.4 or 1.5 to 0.7 nw
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they are definitely doing something to inc shareholders value.....cud be quite a few things in the pipeline
just go to the paya lebar/eunos area and jurong area....see a lot of cranes everywhere...tat hong one some more....how can this co be dropping from 1.4 or 1.5 to 0.7 nw
Tat Hong Holdings Ltd (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to
announce that the Company is exploring a possible spin-off of part or all of its tower crane rental business
in The People&rsquo s Republic of China (&ldquo Tower Crane Rental business&rdquo ) via a listing on a reputable Stock
Exchange (the &ldquo Proposed Listing&rdquo ).
http://www.filedropper.com/tathongmergermarket
XiaoFeiXia ( Date: 20-Aug-2014 09:04) Posted:
Hi usureornot, I tried to source the article post by you on Tat Hong' s DELIST OFFER?
But failed, can you advise me on that? I am holding its shares for awhile already, told something good like delisting offer soon, but nothing happen. Need to gather more info, Thanks
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Hi usureornot, I tried to source the article post by you on Tat Hong' s DELIST OFFER?
But failed, can you advise me on that? I am holding its shares for awhile already, told something good like delisting offer soon, but nothing happen. Need to gather more info, Thanks
But looking at share prices movement................i think not so fast
I thought things may materialise end of July 2014...........however nothings happen.........reading your article it seems something working on it, but maybe still far from solid..........anyway, as mentioned shares price movement indicate nothing at the moment........keep holding then....
DELIST OFFER?
Tat Hong Holdings (SGX: T03) has tested the market for a sale in the past
couple of years, three industry sources said. It has most recently held talks w ith
private equity firms in an effort to go private, the first industry source noted.
Southeast Asia&rsquo s largest crane rental company had engaged boutique advisory
firm Rippledot, who sent out information memoranda (IM) dated November 2013 to
gauge interest, the first industry source said.
Rippledot declined comment on the IM, the mandate, and Tat Hong&rsquo s rumored desire
for a sale, but a source familiar w ith the situation noted that the firm has a close
relationship w ith Tat Hong Group CEO Ng San Tiong Roland, w ho is w illing to
engage w ith investors w ho are genuinely interested.
Affinity Equity Partners had earlier show n interest in Tat Hong, but did not
proceed further. Affinity had put together an offer that valued Tat Hong at SGD 1.3
per share w hich translates into an equity value of SGD 834m (USD 669.39m),
according to a document seen by this new s service.
Another private equity firm may have submitted an indicative bid for Tat Hong last
w eek, the first industry source said, w ithout elaborating further.
Affinity declined to comment. Tat Hong did not reply to an email requesting
comment, and a spokesperson said the company is in a quiet period ahead of its
results release on Friday.
Tat Hong management believes its grow th potential is not reflected in its current
stock price. The company&rsquo s share price has been beaten dow n due to the poor
performance of its Australian business, said the first industry source. According
to Tat Hong' s w ebsite, the slow dow n of mining and LNG-related infrastructure
activity in Australia led to w eaker demand for specialized transportation services.
This situation, as w ell as the completion of projects in Malaysia and Papua New
Guinea, resulted in a 15.5% decline in revenues in FY14.
Tat Hong&rsquo s shares last closed at SGD 0.845. It booked SGD 684.08m in revenues
and reported SGD 1.57tn of total assets for the 12 months ending 31 March 2014.
Tat Hong has existing net debt of SGD 586.4m or almost 4.5x LTM EBITDA. SGX
peers include Sin Heng Heavy Machinery, Tiong Woon Corporation Holding
and Hiap Tong Corporation, according to a research report by Phillip Capital.
Tat Hong&rsquo s business nature as a leasing company also leaves it susceptible to
interest rate increases, the second industry source noted. He pointed to
Catermas, a much smaller peer w ith SGD 22m revenues last year, w hich w as
also on the market but having difficulty finding a buyer. Mergermarket reported last
year that a sale process for Catermas had been run by Pw C on behalf of the
founder w ho w as seeking an exit.
The source dow nplayed the effect of interest rates on the business, and said Tat
Hong is more affected by exposure to various geographies, especially in relation
to infrastructure and exploration projects.
Last month, Tat Hong sold a 70% stake in Hup Hin Transport, the Singaporebased
lorry transport services firm, to Hup Hin Capital for about SGD 20.6m. In
June 2014, Tat Hong also sold its entire stake in Kian Ho Bearings Ltd to Raffles
United Pte Ltd, for about SGD 17.2m of purchasing value.
When asked if the non-core divestments meant Tat Hong has unlocked value and
is done w ith M& A for the time being, the source familiar said this is not necessarily
the case.
Tat Hong&rsquo s majority ow ner is the Ng Family via Chw ee Cheng & Sons Pte Ltd
w ith a 35.26% stake as of 17 June 2014. The Ng family holds an aggregate 54.8%
stake. Private equity firm AIF ow ns 8.5%, leaving the free float at 37%.
Tat Hong has subsidiaries in Singapore, Indonesia, Malaysia, Vietnam, Hong Kong,
Macau, Papua New Guinea, Australia and China.
Source: Merger Markets
But when profit drop, price can still go up. Even companies making losses, price can still jump up. But there are companies making good profit but prices drop and drop.
Welcome to Singapore, most challenging Stock Exchange market
tianji ( Date: 15-Aug-2014 09:21) Posted:
STUPID COMPANY ...... CONNING PPLS
PROFIT DROP 32% again.....
Every QTR DROP........
SHORT.....THIS STUPID COMPANY
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STUPID COMPANY ...... CONNING PPLS
PROFIT DROP 32% again.....
Every QTR DROP........
SHORT.....THIS STUPID COMPANY
Price movement don' t seem to indicate any upward spiral, two days of Harami, followed by a black candle engulfing. Looks ominious.
seems like nth is brewing... correct me if im wrong..
Why everyone seems running away from this counter?
Watch this baby...........something brewing............hopefully anything b4 this month end.........good luck.
tat hong busy selling asset.
why?
needs money for expansion or aquisition.
> > > > > 1
DYODD
