Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Tue, 20 Feb 2018, 11:58 AM

 

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 0.49 0.00 (0.00%) 2,895,600 

  Be the first to like this.
 


 

169  214  222  457 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HSI32000MBeCW.. 0.099-0.026 
 HSI33000MBeCW.. 0.049-0.02 
 HSI29200MBePW.. 0.1030.00 
 Blumont 0.0040.00 
 Genting Sing 1.29+0.04 
 Allied Tech 0.067-0.001 
 MagnusEnergy 0.001-0.001 
 HSI30200MBePW.. 0.16-0.01 
 QT Vascular 0.019-0.001 
 Jiutian Chemical 0.073-0.001 
Partners & Brokers