Bullish momentum with upside bias. TAS is experiencing a super cycle growth due to high demand for tug boats. Coal and nickel demand from Indonesia will require significant amounts of tug boat to support trade in the coming years.
I am revising my target price to RM1.36 to as below: 1. Assuming no growth to the latest qr. Earnings per quarter will be RM0.0339 2. Annualized the earnings. RM0.0339 x 4 = RM0.1356 3. Ascribe PER 10 for TAS. RM0.1356 x 10 = RM1.36
Wah never thought it could shoot past NTA! Luckily still have few biji left! Can afford to make less in local mkt since profit is pouring in from Japan!!! Nomura, Dentsu, Ogura, Nihon ISK etc etc etc😘
2024-01-05 15:55
SOLD the balance of my TAS @ 89c this morning!😊 +400%!
This Q less vessel delivered,guess only 1 vessel because revenue 4mil only ,next Q will be more as they secured more than 200mil of contract and estimated to be fully delivered end of next year.Each Q will be 30mil above if divided by 6Q.Buying at this level is cheap plus 1 sen dividend
next q will be surprisingly strong as delivery delayed to current quarters. imagine combining delivery of 2 quarters into 1, what will be the revenue n profit. go do the maths youself
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
investorbat
1,447 posts
Posted by investorbat > 2024-04-26 14:42 | Report Abuse
Still has 200mil contract to deliver until 2025,assuming 30mil profit/q,and net cash position,rhb tp might be reasonable