Tiong Woon Last:1.01

-0.02

Tiong Woon

KGI Research
Tiong Woon Corporation (TWC SP) - Long &ndash Entry 0.54, Target 0.59, Stop 0.52
Last closed above 8/21 day EMA, breaking out of an ascending triangle, which formed earlier this month.
RSI on uptrend.

Both are correct..... move South to Singapore from H... and cheong to North i.e. JB from Singapore....

now all want cheong north already

tongphlp ( Date: 02-Apr-2022 08:47) Posted:

moving south

madboysg ( Date: 01-Apr-2022 20:37) Posted:

Is Tiong Woon moving again?

moving south

madboysg ( Date: 01-Apr-2022 20:37) Posted:

Is Tiong Woon moving again?

Looking forward, the group admits that the operating environment continues to be challenging and uncertain despite the gradual ease of the circuit breaker measures, movement control or lockdown in Singapore and other countries which it operates in.....

PhillipTan ( Date: 27-Aug-2021 04:09) Posted:

Tiong Woon posts 30% growth in FY2021 earnings to $9.9 mil declares 0.4 cent dividend

Tiong Woon announced that its earnings for the FY2021 ended June period came in 30% higher at $9.9 million, compared to $7.6 million in FY2020, mainly due to lower expenses.

The higher earnings was despite a 9% drop in revenue to $112.9 million, compared to $124.7 million last year, attributable to challenging market conditions amid the ongoing Covid-19 pandemic resulting in a decrease in contributions across all segments.

Heavy Lift and Haulage segment revenue decreased by 2% y-o-y, mainly due to fewer projects executed in Brunei and Middle East offset by new projects executed in Indonesia.

Marine Transportation segment revenue decreased by 41% y-o-y, mainly due to fewer chartering jobs.

Trading segment revenue decreased by 95% y-o-y, mainly due to fewer equipment sold.

With cost of sales declining by 14% y-o-y to $70.5 million, FY2021 gross profit came in just 1% lower y-o-y at $42.4 million.

The group recorded other losses in FY2021 of $1.9 million, compared to other gains of $0.3 million in FY2020, mainly attributable to operational exchange loss of $2.6 million offset by gain on disposal of plant and equipment of $0.8 million in FY2021, as compared to operational exchange gain of $0.2 million and gain on disposal of plant and equipment of $0.2 million in FY2020.

During the period, the group managed to cut its expenses, as administrative expenses were 6% lower y-o-y at $1.05 million, other operatating expenses declined by 2% to $25.8 million, and finance expenses dropped by 17% to $3.0 million.

As at end June, cash and cash equivalents stood at $44.8 million.

The board has declared a final dividend of 0.3 cent per share and a special dividend of 0.1 cent per share.

Looking forward, the group admits that the operating environment continues to be challenging and uncertain despite the gradual ease of the circuit breaker measures, movement control or lockdown in Singapore and other countries which it operates in.

The group' s priority is to ensure that it has adequate liquidity to sustain its business to ride through this Covid-19 pandemic while managing its cashflow, operating costs and business risks.

Shares in Tiong Woon closed flat at 52 cents on Aug 26.

Results just out yesterday.

PhillipTan ( Date: 27-Aug-2021 04:09) Posted:

Tiong Woon posts 30% growth in FY2021 earnings to $9.9 mil declares 0.4 cent dividend

Tiong Woon announced that its earnings for the FY2021 ended June period came in 30% higher at $9.9 million, compared to $7.6 million in FY2020, mainly due to lower expenses.

The higher earnings was despite a 9% drop in revenue to $112.9 million, compared to $124.7 million last year, attributable to challenging market conditions amid the ongoing Covid-19 pandemic resulting in a decrease in contributions across all segments.

Heavy Lift and Haulage segment revenue decreased by 2% y-o-y, mainly due to fewer projects executed in Brunei and Middle East offset by new projects executed in Indonesia.

Marine Transportation segment revenue decreased by 41% y-o-y, mainly due to fewer chartering jobs.

Trading segment revenue decreased by 95% y-o-y, mainly due to fewer equipment sold.

With cost of sales declining by 14% y-o-y to $70.5 million, FY2021 gross profit came in just 1% lower y-o-y at $42.4 million.

The group recorded other losses in FY2021 of $1.9 million, compared to other gains of $0.3 million in FY2020, mainly attributable to operational exchange loss of $2.6 million offset by gain on disposal of plant and equipment of $0.8 million in FY2021, as compared to operational exchange gain of $0.2 million and gain on disposal of plant and equipment of $0.2 million in FY2020.

During the period, the group managed to cut its expenses, as administrative expenses were 6% lower y-o-y at $1.05 million, other operatating expenses declined by 2% to $25.8 million, and finance expenses dropped by 17% to $3.0 million.

As at end June, cash and cash equivalents stood at $44.8 million.

The board has declared a final dividend of 0.3 cent per share and a special dividend of 0.1 cent per share.

Looking forward, the group admits that the operating environment continues to be challenging and uncertain despite the gradual ease of the circuit breaker measures, movement control or lockdown in Singapore and other countries which it operates in.

The group' s priority is to ensure that it has adequate liquidity to sustain its business to ride through this Covid-19 pandemic while managing its cashflow, operating costs and business risks.

Shares in Tiong Woon closed flat at 52 cents on Aug 26.

Tiong Woon posts 30% growth in FY2021 earnings to $9.9 mil declares 0.4 cent dividend

Tiong Woon announced that its earnings for the FY2021 ended June period came in 30% higher at $9.9 million, compared to $7.6 million in FY2020, mainly due to lower expenses.

The higher earnings was despite a 9% drop in revenue to $112.9 million, compared to $124.7 million last year, attributable to challenging market conditions amid the ongoing Covid-19 pandemic resulting in a decrease in contributions across all segments.

Heavy Lift and Haulage segment revenue decreased by 2% y-o-y, mainly due to fewer projects executed in Brunei and Middle East offset by new projects executed in Indonesia.

Marine Transportation segment revenue decreased by 41% y-o-y, mainly due to fewer chartering jobs.

Trading segment revenue decreased by 95% y-o-y, mainly due to fewer equipment sold.

With cost of sales declining by 14% y-o-y to $70.5 million, FY2021 gross profit came in just 1% lower y-o-y at $42.4 million.

The group recorded other losses in FY2021 of $1.9 million, compared to other gains of $0.3 million in FY2020, mainly attributable to operational exchange loss of $2.6 million offset by gain on disposal of plant and equipment of $0.8 million in FY2021, as compared to operational exchange gain of $0.2 million and gain on disposal of plant and equipment of $0.2 million in FY2020.

During the period, the group managed to cut its expenses, as administrative expenses were 6% lower y-o-y at $1.05 million, other operatating expenses declined by 2% to $25.8 million, and finance expenses dropped by 17% to $3.0 million.

As at end June, cash and cash equivalents stood at $44.8 million.

The board has declared a final dividend of 0.3 cent per share and a special dividend of 0.1 cent per share.

Looking forward, the group admits that the operating environment continues to be challenging and uncertain despite the gradual ease of the circuit breaker measures, movement control or lockdown in Singapore and other countries which it operates in.

The group' s priority is to ensure that it has adequate liquidity to sustain its business to ride through this Covid-19 pandemic while managing its cashflow, operating costs and business risks.

Shares in Tiong Woon closed flat at 52 cents on Aug 26.

The ST only copy brokering houses report every week one big highlight like this time highlight Kim Heng but KH went down instead...

ysh2006 ( Date: 01-Jul-2021 09:57) Posted:

This ST just copy the brokering house report there no new news....Maybe ST don' t want to see TW privatise company at low ball price like other not liquid companies....

Trending up ... enjoy

freaking hell, the last moment.... zzzzzz..... this is totally undervalue leh

Time

Price

Trade Size

Type

14:24:51	0.535	5,000	Sell Down
14:21:40	0.535	4,300	Sell Down
14:15:53	0.535	5,000	Buy Up
14:00:48	0.535	10,000	Buy Up
13:54:40	0.535	3,000	Buy Up
11:17:25	0.540	500	Buy Up
10:24:27	0.535	10,000	Sell Down
09:00:18	0.530	12,000	Buy Up
09:00:18	0.530	2,500

Buy Up

This one goes into " Coma" mode again with low trading volume .....

High " NAV" but always in coma mode ....

Ha ha ST this time not so powerful already....

ysh2006 ( Date: 01-Jul-2021 09:57) Posted:

This ST just copy the brokering house report there no new news....Maybe ST don' t want to see TW privatise company at low ball price like other not liquid companies....

Buy so we sell....

PhillipTan ( Date: 30-Jun-2021 20:02) Posted:

Lim & Tan positive on Tiong Woon amid construction sector recovery initiates with ' buy'

Tiong Woon Corporation will likely be a key beneficiary of a construction sector recovery, said Lim & Tan Securities, as it initiates coverage on the heavy-lift specialist and service provider with a " buy" call and a target price of S$0.84.

In a report on Wednesday, the research team noted that Singapore' s Building and Construction Authority expects the construction sector to recover, with more than S$23 billion worth of contracts awarded.

Tiong Woon will likely benefit from this recovery and also from its delayed contracts from last year, as despite delays in the firm' s projects amid the Covid-19 pandemic, overall project schedules likely remain, Lim & Tan said.

It added that Tiong Woon is an overlooked heavy lifting company in the region that can compete effectively with big international firms and top-tiered competitors.

The firm had previously ploughed back its cash into capital expenditures, which helped it provide specialised heavy lifting services for bigger projects, and also participated in mega projects, including the Petronas RAPID projects and Brunei petrochemical island' s Hengyi project during its first phase.

Lim & Tan said securing lifting contracts for the second phase of the Hengyi project, which has four times the investment of phase one, will be key to Tiong Woon' s performance for the next three years. It predicts the firm will stand a good chance in the tender due to its track record and strong participation in phase one.

The research team added that Tiong Woon has a low gearing for a construction player, and given its historically strong cash flow, the firm can easily pay off debts and provide higher dividends. It also noted that the stock is trading cheap, since it is a healthy, profitable and extremely cash-generative business.

Shares of Tiong Woon were trading at 54.5 Singapore cents as at the midday break on Wednesday, up six cents or 12.4 per cent.

Lim & Tan positive on Tiong Woon amid construction sector recovery initiates with ' buy'

Tiong Woon Corporation will likely be a key beneficiary of a construction sector recovery, said Lim & Tan Securities, as it initiates coverage on the heavy-lift specialist and service provider with a " buy" call and a target price of S$0.84.

In a report on Wednesday, the research team noted that Singapore' s Building and Construction Authority expects the construction sector to recover, with more than S$23 billion worth of contracts awarded.

Tiong Woon will likely benefit from this recovery and also from its delayed contracts from last year, as despite delays in the firm' s projects amid the Covid-19 pandemic, overall project schedules likely remain, Lim & Tan said.

It added that Tiong Woon is an overlooked heavy lifting company in the region that can compete effectively with big international firms and top-tiered competitors.

The firm had previously ploughed back its cash into capital expenditures, which helped it provide specialised heavy lifting services for bigger projects, and also participated in mega projects, including the Petronas RAPID projects and Brunei petrochemical island' s Hengyi project during its first phase.

Lim & Tan said securing lifting contracts for the second phase of the Hengyi project, which has four times the investment of phase one, will be key to Tiong Woon' s performance for the next three years. It predicts the firm will stand a good chance in the tender due to its track record and strong participation in phase one.

The research team added that Tiong Woon has a low gearing for a construction player, and given its historically strong cash flow, the firm can easily pay off debts and provide higher dividends. It also noted that the stock is trading cheap, since it is a healthy, profitable and extremely cash-generative business.

Shares of Tiong Woon were trading at 54.5 Singapore cents as at the midday break on Wednesday, up six cents or 12.4 per cent.

Brokering house L& T gave a good report on TW target price 84c...

Hmm what is happening? Gapped up so much.

Opened gapped up, awoken?

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Tiong Woon

Tiong Woon posts 30% growth in FY2021 earnings to $9.9 mil declares 0.4 cent dividend

Tiong Woon posts 30% growth in FY2021 earnings to $9.9 mil declares 0.4 cent dividend

Tiong Woon posts 30% growth in FY2021 earnings to $9.9 mil declares 0.4 cent dividend

Lim & Tan positive on Tiong Woon amid construction sector recovery initiates with ' buy'

Lim & Tan positive on Tiong Woon amid construction sector recovery initiates with ' buy'