sumatec even worse lor...suddenly plunged in the afternoon...koyak la those who chased this morning...

apa lah ini mkt???? foreign selling 4th day now...

blood bath everywhere now...

blood bath everywhere now...

SERSOL ia actually on an uptrend mode. The recent retracement is just profit-taking only to kill nervous punters. The shark is here to kill short-term traders.Those with holding power, just hold until u are contented with the gains.

FLYING LIKE A BIRD...UP UP IN THE SKY AGAIN...

this stock like a tortoise/turtle...damned slow...luckily sold n switched to sersol last week...

:)

ho yehhh....:) 0.555...good number...

horse still galloping...

slow and steady wins the race...

had no lunch too...washing my baby flying high...

Posted by jaafar daud > Nov 7, 2013 12:49 PM | Report Abuse

Next year revanue expected RM100m. At 20% Profit margin will result in RM20m profit. This will give EPS of 10 sen. At PE 15 the price should be RM1.50.
______________________________________________________________________

Betul ke????? In that case I'd keep long term lor...

:)

turtle...

next week >1.20

up up n away...

:)...horse slept for few days, now running fast again...don't miss it

technically uptrend...just taking a breather before resuming....don't worli la...still looks positive....

hungry horse not well fed...need more candies...

run run censof..giddi up...

aiya...lali kuat kuat lor...manyak slow ini hali...kuda tak cukup makan lor...

ho sien....

technically, uptrend...

Need holding power for TAS. Definitely will rebound once the dust has settled down...Fundamental remains the same. TP is still high. But technically undergoing correction...still a good stock to trade but timing must be right.

any new TPs? Kenanga only gave 0.61

good stock BUT SLOW....

;)

Monday continue flying...

:)

whatever...just be careful with this stock...cornered and manipulated by same group of syndicate...

RHB investment note this morning...

TP/FV:RM1.57 based on PER of 12x FY14F EPS of 13.1 sen.

Although TAS’ MYR5.3m 1QFY14 core net profit only accounted for 23% of our full-year estimate, due to lower sales recognition on its projects, we do not view this as a concern. The company is backed by a strong MYR372m orderbook, which is equivalent to 2.7x of its FY13 revenue. Its quarterly earnings also surged by more than twofold on the back of a 67% y-o-y jump in revenue, mainly due to the reversal of a MYR3.3m trade receivables impairment loss and a MYR1.8m foreign exchange gain. Excluding the impairment loss reversal, net profit growth was still at an impressive 95% y-o-y. Thus, we maintain our BUY call on TAS, with a higher FV of MYR1.57, pegged to a higher target P/E of 12x. We deem this valuation as fair, as it implies a low 3-year average PEG of 0.13x. The company’s fundamentals remain unchanged too, underpinned by its strong orderbook, positive growth prospect in the oil & gas (O&G) sector and its ability to capitalise on Labuan’s low-tax system.

Stronger y-o-y results. While TAS’ 1QFY14 core net profit of MYR5.3m accounted for only 23% of our full-year target, we maintain our forecasts on the company for now, as its revenue tends to fluctuate according to its project progress billings, which we believe is not a concern. Our view is backed by its strong orderbook of MYR372m, which is equivalent to 2.7x of its FY13 revenue of MYR138m. Normally, TAS will only recognise a huge portion of its billings upon the delivery of a vessel. Hence, we should see greater sales recognition in the coming quarters. On a y-o-y comparison, net profit surged by more than twofold to MYR8.5m, on the back of a 67% jump in revenue to MYR29.6m. The better results were mainly due to the reversal of an impairment loss on trade receivables of MYR3.3m and foreign exchange gains of MYR1.8m. If you strip off the impairment loss reversal, the company still reported an impressive net profit growth of 95% y-o-y.

Stronger q-o-q bottomline. TAS reported lower q-o-q revenue on quarterly basis, down by 39% to MYR29.6m in 1QFY14. This was primarily due to a sales recognition of one anchor handling tug supply (AHTS) vessel in 4QFY13. Nevertheless, its MYR8.5m bottomline was 177% higher q-o-q, due to the aforementioned impairment loss reversal and foreign exchange gains. When you strip off the former, earnings growth was still higher at 71% q-o-q.

Healthy orderbook, more in the pipeline. To date, TAS has secured a total orderbook of MYR372m. We understand that the company is still actively in talks with potential customers for more contracts. Earlier this month, it sold an AHTS vessel to a new Indonesian customer for MYR38m, indicating that TAS is now able to expand its customer base by penetrating into the Indonesian O&G market.

Maintain BUY, FV raised to MYR1.57. We are introducing our FY15 forecast. In view of the stronger growth in TAS’s 1QFY14 results, we are raising our FV to MYR1.57, based on FY14F EPS of 13.1 sen that is pegged to a 12x P/E – a 25% discount to its 4-year average P/E of 16x. We deem this valuation as fair, given that, at 12x P/E, this implies a low 3-year average PEG ratio of 0.13x. Furthermore, there is a possibility that the company will secure more contracts which could contribute for the FY15f performance and the FY15f’s PER is now projected at only 6.6x based on 11.5% organic earnings growth. All in all, TAS’s fundamentals remain unchanged, underpinned by its strong orderbook, positive growth prospects in the O&G sector and its ability to capitalise on Labuan’s low-tax system.







Source: RHB

Good bye Sam, hello Samantha...

@1.02...horse taking super...in the morning, after taking good breakfast, it'll giddi up n run lor...

horse taking dinner...

horse oso needs rest le...

babai TAS....see u later

softening...:)...cabuted oledi...:)

yup...ass counter orait...

as long as we make is good enough. we can't possibly sell at the peak but at least we make...

buy and hold maa during the recent retracement...

come on...giddi up...run run fast like a black stalion..

sure rebound la...

why worry about this stock? next resistance is the psychological level of rm1.00. good stock maa. will move to 1.00 eventually after consolidation...

no matter what, GST has got to implemented. we are behind 28 other countries which had already implemented the system...

babai 2.50...hello 3.00...

good bye 2.50..

yup...

28 countries already implemented GST...Malaysia is just waiting for the right timing....

hahaha

alenac...don't dream of 2.50....This stock has strong institutional holding n hence, support. Why would we think of RM2.50 when that's the IPO price? Don't tell me this stock doesn't deserve a premium despite the many complaints about the high IPO price.

2.52? dream leh