Posted by chong > 2012-06-15 09:11 | Report Abuse

Undervalue counter, anyone interested?

Type
:

Announcement
Subject
:

OTHERS

Description
:

VESSEL SALES WORTH APPROXIMATELY RM49 MILLION SECURED


Announcement Details/Table Section :


The Board of Directors of TAS Offshore Berhad (TAS) is pleased to announce that its wholly-owned subsidiary have secured a new contract for the sale of a unit of Anchor Handling Tug/Oil Recovery/Support Vessel with an approximate value of RM49 million.

This vessel is sold to one of our valued overseas customers who had, over the years, purchased 17 units of vessels from us. This vessel is expected to be delivered by early 2014.


The revenue stream from the contracts is expected to contribute positively to the earnings and net assets of TAS Group for the financial years ending 31 May 2013 and 2014.


None of the directors and/or major shareholders of TAS or persons connected to them have any interest, direct or indirect, in the above contracts.

Posted by chong > 2012-06-15 09:14 | Report Abuse

The 2nd contract..

Type
:
Announcement
Subject
:

OTHERS

Description
:

VESSEL SALES WORTH APPROXIMATELY RM98MIILION SECURED.


Announcement Details/Table Section :


The Board of Directors of TAS Offshore Berhad (TAS) is pleased to announce that its wholly-owned subsidiaries have secured contracts for the sale of two units of Anchor Handling Tug/Oil Recovery/Support Vessel with an aggregate value of approximately RM98 million.

The two vessels were sold to one of our valued overseas customers who had, over the years, purchased 15 units of vessels from us. These two units of vessel are expected to be delivered by late 2013.

The revenue stream from the contracts is expected to contribute positively to the earnings and net assets of TAS Group for the financial years ending 31 May 2013 and 2014.

None of the directors and/or major shareholders of TAS or persons connected to them have any interest, direct or indirect, in the above contracts.

Posted by Maliki BAR > 2012-06-15 09:15 | Report Abuse

Bro Chong, any idea or advise on B> price and TP?

Posted by chong > 2012-06-15 09:26 | Report Abuse

Brother Maliki BAR , no TP had been given by any research houses but it's undervalue I presume...take a look at snapshot below please below...


http://i5.photobucket.com/albums/y193/chongwah/TAS.png

Posted by chong > 2012-06-15 09:33 | Report Abuse

More snapshot & as usual do your homework please before buying...this is only rough idea of this counter..


http://i5.photobucket.com/albums/y193/chongwah/tas_2.png

Posted by chong > 2012-06-15 13:52 | Report Abuse

anyone want to take a look see?

Posted by chong > 2012-06-15 19:16 | Report Abuse

More to come?


http://i5.photobucket.com/albums/y193/chongwah/TAS.png

Posted by Ram Cheong > 2012-06-15 19:24 | Report Abuse

yes its cheap but very coma counter . ............

Posted by chong > 2012-06-15 19:45 | Report Abuse

You got a point here brother Ram Cheong but with the 2 latest sale or contract, we may see something different but then it can say stagnant too.....so let's hope for the best.

Cheers.

Posted by manahin > 2012-09-18 20:48 | Report Abuse

price suddenly up!, got volume!!

Posted by andyteng > 2012-10-16 10:49 | Report Abuse

any news ? call buy?

Posted by tanjc > 2012-10-18 01:35 | Report Abuse

TAS sulah mali, TAS sulah mali

Posted by kcfan > 2012-10-24 10:46 | Report Abuse

On focus keep collecting mode.

Posted by kcfan > 2012-10-24 22:32 | Report Abuse

TAS Offshore Bhd ('TAS') is a small company involved in shipbuilding & ship repair. Its main markets are Malaysia and Singapore. For QE31/82012, it reported a net profit of RM2.7 million on a revenue of RM17.8 million (go here for more). Its annualized EPS would be about 6.2 sen. At RM0.485, the stock is trading at a PE of 8 times, which is relatively expensive for a small cap.Its Price to Book is about 0.6 time (based on NTA of RM0.80 as at 31/8/2012) & it has a dividend yield of 3%.

Chartwise, the stock seems to have broken above its bottoming phase last week when it broke above the horizontal resistance at RM0.45. With this breakout, the stock can slowly climb to test its next few resistance at RM0.55, RM0.60 & RM0.70 (Source:Alex Lu,Nexttrade)

Posted by kcfan > 2012-10-26 08:11 | Report Abuse

1)TAS Offshore Bhd has secured a major contract to sell 2 vessels for RM98m to a Middle-East client. The 2 anchor handling/oil recovery/support vessels are expected to be delivered by late 2013. The same client has over the years purchased 15 units of vessels from TAS. Group MD Datuk Lau Nai Hoh said the latest contract increased the total value of contracts won by TAS for FYE 31 May to RM182.5m.(22/05/2012).

2)Tas Offshore Bhd has secured a RM49 million contract to supply an anchor handling tug/oil recovery/support vessel to a foreign customer.

In a filing to Bursa Malaysia, the company said the vessel was sold
to a valued overseas customers who has purchased 17 vessels from the company over the years.

"This vessel is expected to be delivered by early 2014," it said, adding that revenue from the contract would contribute positively to group earnings and net assets for the financial years ending May 31, 2013 and 2014

Posted by kcfan > 2012-10-28 13:58 | Report Abuse

The TAS offshore net profit soared.
http://www.nanyang.com.my/node/485955?tid=761

Posted by kcfan > 2012-10-28 16:51 | Report Abuse

Commentary on prospects

The Group recorded a turnover of RM17.8 million and profit before tax of RM3.7 million for the current quarter ended 31 August 2012.

In the opinion of the directors, the result for the current quarter and financial period to date have not been affected by any transactions or events of a material nature which has arisen between 31 May 2012 and the date of this report.

The global recovery pace remains subdued amidst the slow economic recovery in the United States, turbulence in the Euro Zone sovereign debt markets and the slowdown in some of the major economies like China, India and Japan. However, high resilient crude oil price of above US$90 per barrel has continued to spur oil majors to increase their offshore deep sea exploration and production activities. The demand for offshore support vessels is expected to increase in tandem with the increase in offshore deep sea exploration and production activities.

Our healthy order book is expected to contribute positively to our revenue and profits for financial year 2013 and 2014. We are optimistic in our outlook that new orders for offshore support vessels are going to resurface.

The demand for tugboats from Indonesia is sustainable judging from the orders we received from those related to coal and iron ore industries.

2013 remains to be challenging as the global recovery is still uncertain. However, we are of the opinion that 2013 will be a better year and the Board will continue to cautiously work towards securing better and more projects and profits for the shareholders.

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/3C40F9DE03F20DBD48257A9C0032168B/$File/TAS

Posted by quyen850906 > 2012-10-28 17:48 | Report Abuse

Can buy more?

Posted by quyen850906 > 2012-10-28 17:49 | Report Abuse

Where is chong? does he disappear in this forum?

Posted by kcfan > 2012-10-31 23:11 | Report Abuse

Accumulating...

Posted by kcfan > 2012-11-01 23:26 | Report Abuse

strong support on RM0.455 still accumulating mode.

Posted by kcfan > 2012-11-01 23:40 | Report Abuse

Its Price to Book is about 0.6 time (based on NTA of RM0.80 as at 31/8/2012) & it has a dividend yield of 3%.

Posted by kcfan > 2012-11-05 08:05 | Report Abuse

Watch out on AGM announcement on Wednesday 7th Nov.Will be good news exploring.

Posted by kcfan > 2012-11-08 21:56 | Report Abuse

TAS confident of posting better results.
http://www.btimes.com.my/Current_News/BTIMES/articles/20121108150452/Article/index_html

Posted by kcfan > 2012-11-09 16:17 | Report Abuse

Time to collect more ! Potential growing stock.

Posted by waja9073 > 2012-11-12 10:16 | Report Abuse

Technically this counter is oversold at the moment. Should be a technical rebound soon. Time to accumulate at 0.440~0.455 range.

Posted by kcfan > 2012-11-12 20:06 | Report Abuse

Waja9073 , you did it on this still undervalue with NTA RM0.80 and below PE 8.

Posted by kcfan > 2012-11-14 19:12 | Report Abuse

Target price RM0.80 on accumulating mode.Steady on continue uptrend.

Posted by tonylim > 2012-11-14 19:32 | Report Abuse

kc thanks for sharing. hibuscus?

Posted by excelyou > 2012-11-15 12:03 | Report Abuse

Ekuinas sells stake in Tanjung Offshore. (The Star, 14 Nov 2012)

Ekunas took profitable assets from Tanjung and now leave Tanjung alone.

Posted by manahin > 2012-11-16 09:05 | Report Abuse

????

Posted by bingo > 2012-11-16 13:39 | Report Abuse

keep on buying and collecting,chance to reach 70 cents soon. today good trading on tas

Posted by moneyking96 > 2012-11-16 19:38 | Report Abuse

kcfan, TAS seem having shooting star, sell?

Posted by kcfan > 2012-11-16 21:28 | Report Abuse

I'm still on holding position.Its Price to Book is about 0.6 time (based on NTA of RM0.80 as at 31/8/2012) & it has a dividend yield of 3%.
With this recently RM0.45 breakout, the stock can slowly climb to test its next few resistance at RM0.55, RM0.60 & RM0.70.

Posted by kcfan > 2012-11-16 21:43 | Report Abuse

With benefits offshore shipbuilding contracts worth $ 53.3 million ringgit based on hands hold, look to 2013 and 2014 fiscal year to write down the high turnover and profitability.
The Tas offshore Managing Director Datuk Nai good contract orders, including $ 47.8 million ringgit anchor support tugs (AHTS), 60.7 million ringgit the tugs orders, 31.7 million ringgit a small harbor tugs orders, as well as 13.1 million ringgit transport ship orders .
Fiscal year ended May 31, 2012, with the benefit offshore completed 19 tugs and two anchor support tugs. He pointed out that the oil and gas sector of the tugs and offshore tugs demand will strengthen future business growth.
"The increase in oil and gas industry offshore deep-sea exploration and production activities, estimated to push up demand.
Indonesian mining and logging activities also drive the the tug demand. '
He said that with the benefit offshore optimistic about the new order of the future be more offshore support tugs. In addition to meet domestic demand, with the benefit offshore also exported to the United Arab Emirates, Bahrain, Indonesia and Singapore.
First quarter net profit soared 111%
With the benefit of offshore performance in the first quarter ended August 31, 2012 brisk, while turnover was up, net profit soared more than 111%; earnings per share Young in the first quarter of this year rose to 1.54 cents, 0.72 cents higher than the same period last year.

Posted by kcfan > 2012-11-16 22:08 | Report Abuse

Investment Highlights
Well-established track record. In-depth expertise from 17 years of experience in ship building business; completed more than 150 vessels of various types since 1991.

Excellent growth prospects. Significant prospects from many end-user industries e.g., O&G, transportation, timber and port management. Vast opportunities from export markets in the Middle East and ASEAN. Revenue grew at CAGR of +33% and PAT increased at CAGR of +43% from FY06 – FY08.

Strong and growing order book. Current contracts in hand stand at about RM350 million, which will last till end of FYE05/11. Currently bidding for another RM50m worth of jobs.

Exposure to oil & gas industry. Nearly 54% of TAS Offshore’s revenue in FYE05/08 was derived from oil & gas sector/customers. This ratio is expected to increase substantially in FYE05/09 and beyond.

Strong balance sheet with zero gearing. TAS Offshore is in a net cash position, a unique situation amongst ship builders.

High operational efficiency. TAS Offshore’s ROA of 17% (FYE5/08).

High profitability. TAS Offshore’s ROE of 31% (FYE5/08).

Source:http://www.tasoffshore.com/finance-investments/investment-highlights

International-standard shipbuilder. All vessels are constructed according to stringent international standards set by recognized bodies such as Bureau Veritas, Germanisher Lloyd and Nippon Kaiji Kyokai.

Posted by kcfan > 2012-11-18 18:03 | Report Abuse

Continue their uptrend ahead..

Posted by kcfan > 2012-11-19 13:53 | Report Abuse

Foresee double top breakout on current level.Next uptrend at RM0.55 by this week ahead.

Posted by waja9073 > 2012-11-21 10:40 | Report Abuse

Technical shows, this share is overbrought. Managed to buy at 0.455 last week and sold at 0.515 last week itself when technical rebound occured. Waiting for this stock to reach oversold with price range of 0.44~0.46 to buy again :)

Posted by weechin53 > 2012-11-21 17:05 | Report Abuse

kcfan, at the moment TAS is downtrend; what is your opinion?

Posted by kcfan > 2012-11-21 20:04 | Report Abuse

Good deal.Sold at high on overbought.Aiming to collect back during weakness.

Posted by weechin53 > 2012-11-22 12:11 | Report Abuse

kcfan,your focus of double top lost! RM0.55 this week definitely
will not turn up! bcos tas is back to RM0.45

Posted by tonylim > 2012-11-22 12:57 | Report Abuse

a trap, no?

Posted by waja9073 > 2012-11-22 14:21 | Report Abuse

I think double top is still intact. This is a correction leading to double top breakout ... kcfan, what is your TP to accumulate?

Posted by tonylim > 2012-11-22 14:29 | Report Abuse

waja, in terms of volume traded looks like it.

Posted by waja9073 > 2012-11-22 14:32 | Report Abuse

Yah Tonylim it looks like it. Hope kcfan prediction comes true and we can make some money on TAS.

Posted by weechin53 > 2012-11-22 17:04 | Report Abuse

oh! everbody went into big HOLE! 2morrow it will be 0.435 most probably! i.e. listen to SIFU advice.

Posted by kcfan > 2012-11-22 20:04 | Report Abuse

On a chart, this looks something like an M. The particular price level where the double top occurs is considered a resistance level for the stock.
I'm not fully technical trade on stock's.Most stock's indent to invest most on fundamental base.While it is true that market factors will affect stock prices, value investors tend to look further down the road and, therefore, believe temporary fluctuations will not affect long-term profitability.
For me I will buy more during weakness as on Tas.

Posted by minitrader > 2012-11-23 09:32 | Report Abuse

double top or double bottom?

Posted by weechin53 > 2012-11-23 10:53 | Report Abuse

buyers of TAS all have gone to HOLLAND!!!