Highlights

SGX Stocks and Warrants

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

 

Tat Hong: FY17 Results Guided to be Weak

Author:   |    Publish date:


Tat Hong Holdings recently issued a profit guidance based on the preliminary review of its results. They expect to report a loss for 4QFY17 and FY17, due to weak operating conditions in the group’s main markets in Australia and Singapore, provisions and costs associated with discontinued businesses in Indonesia, impairments of assets and investments as well as foreign exchange losses.

Recall that in its previous results comments, the group had expectations for FY17 results to be negatively impacted by likely impairments and on-going restructuring costs.

Amid a tough operating environment, while the group will see a mixed performance across its core business segments, we believe that the group’s Tower Crane Rental division in China continues to be a source of support for earnings.

We have a HOLD rating and S$0.40 fair value estimate on the stock.

Source: OCBC Research - 18 May 2017

Share this
Labels: Tat Hong

Related Stocks

Chart Stock Name Last Change Volume 
Tat Hong 0.375 0.00 (0.00%) 319,000 

  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