Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Mon, 22 May 2017, 02:37 PM

 

Kim Heng Offshore & Marine: Issues profit guidance

Author:   |    Publish date:


Kim Heng Offshore & Marine announced last evening that it expects to report a greater net loss in 4Q16 and FY16 as compared to the net loss recorded in the corresponding periods of the previous year.

This is not a surprise to us as we had previously forecasted a net loss of S$5m for FY16 due to the poor operating environment, though we now feel there is further downside risk since the company updated that there will be an impairment in the group’s PPE in 4Q16.

Notwithstanding this, Kim Heng expects to report positive net total assets, positive net current assets and cash and cash equivalents of ~S$20m as at 4Q16. Recall that cash and cash equivalents was S$23.3m in 3Q16.

As the group’s FY16 results may be out next week, we put our hold rating and fair value estimate of S$0.089 under review.

Source: OCBC Research - 17 Feb 2017

Share this

Related Stocks

Chart Stock Name Last Change Volume 
KimHeng Offshore 0.074 -0.001 (1.33%) 40,100 

  Be the first to like this.
 


 

198  169  238  466 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HSI25200MBeCW.. 0.108+0.006 
 HSI25800MBeCW.. 0.094+0.005 
 HSI24600MBePW.. 0.072-0.016 
 HSI24400MBePW.. 0.109-0.014 
 HSI25188VTeCW.. 0.145+0.01 
 Accrelist 0.007+0.001 
 DISA 0.0270.00 
 MDR 0.007+0.001 
 Yuuzoo 0.083+0.011 
 Noble Group 0.585-0.04 
Partners & Brokers