Towards Financial Freedom
Tat Hong - Strong Momentum Continued (BUY TP SGD1.41)
Results beating expectations. Tat Hong kicked off its FY13 financial year with a set of good results, beating market and our forecast. 1Q revenue came in at SGD215.3m, up 36% yoy. Gross profit increased by 51% to SGD84.5m. Net profit tripled to SGD16.7m. The strong 1Q performance can be attributed to robust growth in highest-margin Crane Rental sector, higher utilization rate and turnaround in China business, which are exactly what we expected to see.
Source: Maybank Kim Eng
Source: Maybank Kim Eng
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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....
