晨光之星

太不厚道了。。。

busydying

筹钱的目的不重要，股价涨不涨才重要。
Midas麦达斯控股，联合环境，哪个筹钱不是为了合同？股价呢？

联合环境今天还在跌。
老鼠爱小米 发表于 8-10-2009 13:59

Tiong Woon不像联合环境，发新股后还有很多买家，说明大家还是看好它的

jilinning

MIDAS今天在涨 我们公司report 目标价格 1.14

busydying

Tiong Woon: S$0.845
BUY (TP: S$1.02)

Raising funds

Tiong  Woon (TWC) is issuing 34m new shares via a share placement exercise.
Amount  raised is S$27.3m (net of expenses), half of which would be used to
purchase  heavy  lifting  equipment. After adjusting for the enlarged share
capital  and  usage of proceeds, our FY10F EPS dipped from 15.8S¢ to 14.6S¢
(-7.6%)  and  FY11F  EPS  from  16.4S¢  to  15.0S¢  (-8.7%). Net gearing is
estimated  to  remain  steady  at  ~0.3x post placement. Maintain BUY, with
target price of S$1.02.

Proceeds  used  to  fund  fixed asset purchases. TWC announced that it will
issue  up to 34m new ordinary shares at an issue price of S$0.83 per share.
This  implies  a  net consideration of S$27.3m. TWC intends to use ~50% (or
S$13.7m) of net proceeds for acquiring heavy lifting equipment and the rest
for working capital purposes.

EPS  down  8%. The new shares represent 10.1% of TWC's current issued share
capital of 337,576,410 shares and 9.2% of the enlarged issued share capital
of  371,576,410 shares. We have adjusted our financials accordingly and our
FY10F  and  FY11F EPS were tweaked down by 7.6% and 8.7% respectively. Post
placement, FY10F net gearing is still expected to remain stable at ~0.3x.

Outlook remains optimistic; TP raised. In parts of Asia, oil and gas
activities are going on and the Middle East is seeing energy intensive
projects across the region. Long term prospects in the Middle East remain
bright. With more than 60 cranes in the region currently, TWC hopes to
progressively build up the fleet size of heavy lift equipment, over the
next two to three years, to meet the growing demands of the Middle East
market. We are maintaining our BUY call on TWC, while raising our target
price to S$1.02 (previously S$0.95). This is  based on 7x FY10F EPS (in
line with peers, previously 6x).

老鼠爱小米

那么Tiong Woon 084我再买进点。

这就成了重仓了哦。他不涨我可惨了。