lousy STI

[JackyCheung]

Why bought 1 lot kep corp and 1 lot ocbc only?
Well. Deduct out broker fee, no much to earn.

Should buy at least 5 lot.

 

[JackyCheung]

I post this here but Caveat Emptor.


LIBRA GROUP LIMITED | BUY


Source is OCBC Investment Research.

27 Oct 2014
SIGNIFICANT EARNINGS AND DIVIDENDS GROWTH AHEAD
- FY13-15F earnings growth at 288% CAGR
- Good value here at 2.7x forward PE
- Conviction BUY with S$0.33 FV

We initiate coverage on Libra Group as our conviction BUY in the small-cap space with a fair value estimate of S$0.33. Based on an analysis of this M&E specialist’s order book, upcoming FY14 earnings is forecasted to increase a whopping 8.0 times YoY to S$4.7m. We further forecast FY15 earnings to grow 68.0% YoY to S$7.8m as the new management team, who took over operations in 1Q14, continues to expand and position the company to capitalize on the healthy public construction outlook. We highlight that this under-the-radar company is already showing initial signs for an earnings upswing: 1H14 earnings had jumped 218.1% YoY to S$3.0m. We believe Libra represents good value here at only 2.7x FY15 forward P/E (versus a peer average of 7.4x). In addition, the group’s dividend yield is forecasted to jump dramatically from 1.6% last year to 8.1% in FY14 and 9.7% in FY15. Our fair value estimate of Libra is based on an undemanding 4.8x forward FY15 PE, which represents a 35% discount versus its peer average. Increased visibility of Libra’s earnings and dividends growth ahead will likely form compelling re-rating catalysts for its share price, in our view.

This kind of penny stock. You buy you die

 

[uvwxyz]

Why bought 1 lot kep corp and 1 lot ocbc only?
Well. Deduct out broker fee, no much to earn.

Should buy at least 5 lot.

No bullets to buy so big man. If go down maybe can buy 1 more lot but not much more.

 

[uvwxyz]

This kind of penny stock. You buy you die

Just try a bit chu bee chu bee . If can go up to 30 cents can sell. If go down to 15 cents I cut loss.

 

[JackyCheung]

Just try a bit chu bee chu bee . If can go up to 30 cents can sell. If go down to 15 cents I cut loss.

I can only say. Lousy investor

 

[Merl Haggard]

I say go short on Osim.

 

[OverTheCounter]

I say go short on Osim.

That counter is already 40% down from its highs.

 

[JackyCheung]

QE ends, dow jone did not drop much. how do you think about STI? let's watch today.
buy dividend stock to play safe. oil price is rebounding. good for semb marine, semb corp and keppel corp...

have a happy trading day!

 

[krafty]

Former SembMarine finance director jailed for falsifying accounts to hide $300m in losses
- See more at: http://www.straitstimes.com/news/si...falsifying-accounts-hide#sthash.sLwSBWvO.dpuf

QE ends, dow jone did not drop much. how do you think about STI? let's watch today.
buy dividend stock to play safe. oil price is rebounding. good for semb marine, semb corp and keppel corp...

have a happy trading day!

 

[JackyCheung]

Former SembMarine finance director jailed for falsifying accounts to hide $300m in losses
- See more at: http://www.straitstimes.com/news/si...falsifying-accounts-hide#sthash.sLwSBWvO.dpuf

few years ago story la. do not look at history , looks for future!


Former SembMarine finance director jailed for falsifying accounts to hide $300m in losses
PUBLISHED ON OCT 29, 2014 7:36 PM 1 103 0 0
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EMAIL


Wee Sing Guan, 65, Director Jurong Shipyard Pte Ltd, accused with intent to defraud falsify the account of the Company, by omitting to report the marked-to market option trades valuation amounting to a loss. The former group finance director of engineering firm Sembcorp Marine was on Wednesday sentenced to 39 months in prison, over some $300 million in trading losses that he had caused but hidden from the group over three years. -- ST PHOTO: WONG KWAI CHOW

BY IAN POH

SINGAPORE - The former group finance director of engineering firm Sembcorp Marine was on Wednesday sentenced to 39 months in prison, over some $300 million in trading losses that he had caused but hidden from the group over three years.

In a bid to cover his tracks, Wee Sing Guan, 65, falsified the accounts of Jurong Shipyard, a SembMarine unit which he was also a director of. He did this in quarterly reports starting from the first quarter of 2005 up to the third quarter of 2007, for losses incurred on positions held with a host of banks.

- See more at: http://www.straitstimes.com/news/si...g-accounts-hide#sthash.sLwSBWvO.Nz2CTM2F.dpuf

 

[JackyCheung]

federal will not raise interest rate for 'a considerate time'

property may huat next year. cheong arrrrrrrrrrrrr

 

[JackyCheung]

libra financial ratio
Valuation
Historical P/E Ratio 43.10
P/E Ratio (TTM) 8.74
P/BV (latest interim) 1.71
BVPS (latest interim) (SGD) 0.1319
EPS TTM (SGD) 0.0258

FY2012 Q2 FY2012 Q4 FY2013 Q2 FY2013 Q4 FY2014 Q2
Income Statement
Total Revenue 11.06 17.62 14.37 17.16 27.93
Cost of Revenue (7.61) (12.40) (9.73) (16.33) (20.63)
Gross Profit 3.45 5.22 4.64 0.83 7.30
Operating Expenses (3.38) (8.20) (3.70) (1.60) (4.29)
Operating Income 0.07 (2.98) 0.94 (0.77) 3.01
Others, Net - - - - -
Income before Taxes 0.07 (2.98) 0.94 (0.77) 3.01
Tax (0.03) 0.01 (0.04) 0.25 (0.10)
Extraordinary Items and Adjustments - - 0.04 0.11 0.08
Net Income 0.04 (2.97) 0.94 (0.42) 2.99

Financial strength
Current Ratio 1.74
Quick Ratio 1.63
Long Term Debt to Equity (%) 3.40
Total Debt to Equity (%) 39.15
Interest Coverage Ratio (TTM) 7.15
Free Cash Flow to Firm (TTM) (SGD 'mln) -1.41
Margin
Gross Margin (TTM) (%) 18.04
Operating Profit Margin (TTM) (%) 4.96
Net Profit Margin (TTM) (%) 5.29

Cash and Short Term Investments 4.25 8.13 4.77 3.45 7.42
Total Receivables, Net 17.23 15.44 13.96 16.04 21.75
Other Current Assets 0.37 0.89 2.03 1.54 4.12
Total Current Assets 21.85 24.46 20.76 21.02 33.29
Property/Plant/Equipment, Net 1.75 1.33 2.00 2.26 2.53
Other Long Term Assets - 0.50 0.55 0.04 0.04
Total Assets 23.60 26.29 23.31 23.32 35.87



Ratios & Other data
ROA (%) 0.33 (22.61) 7.75 (4.51) 16.24
ROE (%) 0.58 (57.32) 16.60 (7.72) 45.41
DPS (SGD) - - - 0.0030 0.0050
EPS (SGD) 0.0004 (0.0298) 0.0094 (0.0042) 0.0300

52 weeks high 0.225
52 weeks low 0.077

uvwxyz may catch a good big. but it is trading at 52 weeks high currently, be cautions.

 

[kezgtree]

..how can he hide it for 3 yrs..I tot they hv to declare eery annum.....??

 

[uvwxyz]

libra financial ratio

Ratios & Other data
ROA (%) 0.33 (22.61) 7.75 (4.51) 16.24
ROE (%) 0.58 (57.32) 16.60 (7.72) 45.41
DPS (SGD) - - - 0.0030 0.0050
EPS (SGD) 0.0004 (0.0298) 0.0094 (0.0042) 0.0300

52 weeks high 0.225
52 weeks low 0.077

uvwxyz may catch a good big. but it is trading at 52 weeks high currently, be cautions.

Yes and thanks for the extra information.I wont chase it higher. Hope it works out.

 

[JackyCheung]

How is your tiger air ? You sold?

 

[uvwxyz]

How is your tiger air ? You sold?

No not yet bro. Yesterday was tempted to @33 cents but I thought just wait a bit.

 

[JackyCheung]

libra accounts look solid, only bad thing is it is trading at 52 weeks high now.
but high can be higher.

other than that, financial data looks good.

keppel corp may have uptrend because of oil price climb higher. well, good for you.

next time, any good share, please share.

 

[Qantas]

Just try a bit chu bee chu bee . If can go up to 30 cents can sell. If go down to 15 cents I cut loss.

I think you might earn more if you pay tuition fee to bro GoldenDragon to wager in RWS and MBS

 

[uvwxyz]

I think you might earn more if you pay tuition fee to bro GoldenDragon to wager in RWS and MBS

Have not seen him post lately.

 

[uvwxyz]

libra accounts look solid, only bad thing is it is trading at 52 weeks high now.
but high can be higher.

other than that, financial data looks good.

keppel corp may have uptrend because of oil price climb higher. well, good for you.

next time, any good share, please share.

OK will do on this thread.