Tat Hong
Tat Hong Growing to a Global Player
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501-520 of 580
haha if the next few quarters results result to normal , then the analyst will say
" Excellent set of results from Tat Hong, with Australia thriving under the new PM Abott and China economy gaining momentum and with the impending profit from the one off sale of parcel of land, company successful hive significant costs by restructuring it's operation and shifting some operation to Johore, we recommend a buy with a TP of $1.50."
hahahaha
Agreed that Tat Hong is one of the gems at an attractive price.
SuperMonkey ( Date: 11-Sep-2013 17:28) Posted:
I like the way the management tries to solve the problems.
They are selling the piece of land at 11 GUL street for $33 million.. They bought the land in 1981, so I think the profit will be around 25 million??
Then with Australia new PM and restructuring of operation by shifting to Johor and thus cutting costs , plus lately China has shown some improvement in it's economy.
Think this is a GEM which will go back to $1.20 and above in half's a year time... |
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I like the way the management tries to solve the problems.
They are selling the piece of land at 11 GUL street for $33 million.. They bought the land in 1981, so I think the profit will be around 25 million??
Then with Australia new PM and restructuring of operation by shifting to Johor and thus cutting costs , plus lately China has shown some improvement in it's economy.
Think this is a GEM which will go back to $1.20 and above in half's a year time...
seems like filling the gap now , will soon break $1....
Tony Abbott is Australia?s 28th Prime Minister. He declared: ?Australia is under new management and Australia is once again open for business.?
Australia's foreign aid to be slashed to pay for infrastructure projects under Australia's likely next government.....
http://www.channelnewsasia.com/news/asiapacific/australia-s-foreign-aid/802994.html
Well done to Tat Hong' management! It's nice to hear their good initiative to consolidate & optimize the S'pore operations.
Also, may the outcome of the Australian federal election this Sat be favourable to the future of projects in the oil & gas sectors in Australia which may benefit Tat Hong.
http://maplecroft.com/portfolio/new-analysis/2013/08/23/australia-pre-election-monitor-liberal-national-coalition-expected-win-result-critical-energy-and-mining-sectors/
Tat Hong is pleased to advised that it is embarking on a programme to consolidate and optimise its Singapore operations and has secured a 22-year lease from JTC for a 16,100m2 plot of industrial land at Tuas South Street 10. The consolidation of operations will free up one of its lease-hold properties, at 11 Gul Crescent, which the Group intends to divest through a public tender.
The Group currently also operates out of five other sites in the western part of Singapore. However, with the growth of its crane rental and distribution businesses, the current facilities are not sufficient to serve the Group?s needs effectively as most of the sites are small in size and have short remaining leases of between 2 and 11 years which make planning for future use difficult.
For better operating efficiency, the Group will be consolidating its operations in the Tuas area. In addition, the Group also plans to move some of its less time-sensitive operations to Johor where land and operating costs are lower. The site at 11 Gul Crescent was acquired in 1981 with a 30+30-year lease and comprises 29,384.5m2 land with two single-storey high-clearance buildings and an ancillary office space.
Depending on the final sale price and the completion date, the Group is expected to recognise a gain on the divestment of 11 Gul Crescent in the financial year ending 31 March 2014.
...last: $0.91...
Coming up?
the last time Tat Hong at this price $0.86 was on 01/03/2012
Wait for 78c , now is 89c .
Solidsnake ( Date: 17-Aug-2013 15:22) Posted:
| This is a strange one. $0.905 should be a good price to trade. |
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Business Times dated 19 Aug 13 reported that executive director Michael Ng and CEO & managing director Roland Ng purchased a combined 4.338 million shares from 14 to 15 Aug 13 at an average of 93.3 cents each.
Looking ahead, our nation big moves in new infrastructure developments shall benefit Tat Hong.
It would close finally
guoyanyunyan ( Date: 16-Aug-2013 10:48) Posted:
...for JB Foods... the gap in Jan closed this week....
...interesting to know will this $0.78 gap (Dec '11) close...?...
Bintang ( Date: 14-Aug-2013 09:30) Posted:
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This is a strange one. $0.905 should be a good price to trade.
...for JB Foods... the gap in Jan closed this week.... ...interesting to know will this $0.78 gap (Dec '11) close...?...
Bintang ( Date: 14-Aug-2013 09:30) Posted:
Another gap at 78 cents
Bintang ( Date: 14-Aug-2013 09:25) Posted:
| Not only achieved the TP , but went further down |
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just bought at $0.905 to tikam.
it will recover in the coming days, not to worry!
may be not to $1 level yet but will get there before year end.
Tat Hong's net profit in the first quarter ended 30 Jun fell 51% to $8.2 million from $16.7 million a year ago, mainly due to an economic slowdown in Australia affecting its equipment distribution business.
TAT Hong's shares plunged 15% yesterday after the poor first-quarter results. At market close, it was trading at a one-year low of 93 cents, down 16 cents from $1.09 the previous day.
NAV is $1.05. Would Tat Hong's shares rise after the Australian federal election on 7 Sep 13? Perhaps the Australian economic activities could improve after the election?
Another gap at 78 cents
Bintang ( Date: 14-Aug-2013 09:25) Posted:
Not only achieved the TP , but went further down .
Bintang ( Date: 22-Jul-2013 11:10) Posted:
| Avoid this counter as the downside target is at $1.0 |
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