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(Post 1 of 209) 05/19/2000.15:49:00 |
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Here is another IPO to watch out for. Wondering if this is the best period to launch one but this 2 months or so seen a lot of IPOs coming. This Tat Hong is actually a Aussie listed company, read on..... SESDAQ IPO - Tat Hong gets SGX’s listing nod The home-grown supplier of cranes and other heavy equipment e.g. excavators and wheel loaders, has been listed on the Australian Stock Exchange since Sep 1997. Upon admission to the SGX, Tat Hong will have a dual listing with the ASX being the primary exchange. Tat Hong operates a large fleet of 550 unit of heavy equipment, of which 450 are cranes from its S’pore base. It has offices in M’sia, Indonesia, Taiwan, the Philippines, Thailand and Australia. About half of its revenue are derived from Asean, with the other 50% from Australia. The group has been involved in several regional infrastructure projects such as the S’pore-M’sia second link, the KL International Airport, etc. For FY3/99, the group achieved $124m in turnover but a pretax loss of $0.067m due to lower rental rates and capacity utilisation,aggravated further by higher depreciation expenses. |
| (Post 2 of 209) 05/26/2000.03:09:00 |
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Tat Hong launches secondary listing in Singapore, placing 20 mln shrs SINGAPORE (AFX-ASIA) - Tat Hong Holdings Ltd said it has launched its secondary listing here with the placement of 20 mln new shares at a price to be fixed following a book building exercise. Tat Hong, a Singapore company supplying cranes and heavy equipment to the Australian and Asian markets, has been listed since September 1997 on the Australian Stock Exchange. The placement includes 15.78 mln shares for public subscription and 4.22 mln shares reserved to management and employees, it said. Proceeds from the secondary listing will be used to upgrade the company's fleet of cranes and heavy equipment, it said. "This secondary listing will not only provide us with the funds to support our future growth, but it will also greatly enhance our profile in the region," Tat Hong managing director Roland Ng said. The secondary listing is being handled by Vickers Ballas & Co Pte Ltd as manager and lead placement agent and Philip Securities as co-placement agent. Tat Hong said it posted a pre-tax loss of 4.20 mln sgd in the 10 months to Jan 2000 despite a 3.0 pct year-on-year rise in turnover to 127.30 mln sgd in the same period. The losses were due to higher depreciation expenses, increased provisions for doubtful debts and higher foreign exchange losses. During the 10-month period, Tat Hong said Australia accounted for 59.60 mln sgd of its turnover, while 62.40 mln sgd came from ASEAN countries. jb/rf/tr AFN AYI50-25May00 03:52 GMT AFX ; ASIA ; |
| (Post 3 of 209) 05/28/2000.01:08:00 |
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Hi, I m a novice stock trader. Do u all think its now the best time to get into the stock market or subscribing to IPO ? |
| (Post 4 of 209) 05/28/2000.01:28:00 |
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Stevemacca, It must be a quiet night. What are you doing up at such an unearthly hour? My family's sleeping. I might as well answer some questions. Timing wise, I think we are at a good juncture of the market. Sentiments are weak and prices are falling. However, you have to ask yourself what your time horizon is. If you are investing for the short term, it's going to be choppy. For the medium term of six months, you will stand a good chance to make some money, depending very much on your stock picks. More importantly, before you invest, do realise what the pitfalls are. If you are new to the game, you stand a high chance of being robbed by Mr Market. If you are greedy, the chances of self destruction are even higher. Before you put any $$ into the market, I strongly suggest you spend some time to read the experiences of more seasoned forumers who have lost their pants (I for one) and read how they made their money back. If you need a guiding hand, go to this link http://www.shareinvestor.com/sg/forum/cgi-bin/show.cgi?2466/6961. Sharing my story because I have already paid my tuition fees. Hope you don't have to pay yours. |
| (Post 5 of 209) 05/29/2000.12:25:00 |
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HOMEGROWN crane supplier Tat Hong Holdings Ltd, which was ranked second on the Enterprise 50 list in 1997, said its first application was turned down by what was then the Stock Exchange of Singapore because of an inaccuracy in declaration by an ex-director of the group. Tat Hong, which specialises in three core businesses including the sale and rental of cranes and other heavy equipment such as excavators and wheel loaders, was listed on the Australian Stock Exchange (ASX) in September 1997. Upon admission to the SGX, Tat Hong will have a dual listing with the ASX being the primary exchange. Based in Singapore, the Tat Hong group operates a large fleet of 550 units of heavy equipment, of which cranes comprise 450 units. With offices in major Asia Pacific countries such as Malaysia, Indonesia, the Philippines, Taiwan, Thailand and Australia, the company is poised to see an improvement in its business with the recovery of the region. Prior to the Asian economic crisis in 1997, 70 per cent of its revenues were derived from Asean with the rest from its Australian business. But the economic downturn changed this by depressing earnings from countries like Indonesia and Thailand and leading Tat Hong to turn to Australia instead. For FY 1999, Australian sales made up half of total revenues. For the year ended March 31, 1999, Tat Hong posted a turnover of $124 million, but recorded a pre-tax loss of $67,000 due to lower rental rates, depreciation expenses and lower rental utilisation. The award-winning company has been involved in several regional infrastructure development projects such as the Singapore-Malaysia second link, the Kuala Lumpur International Airport as well as the Northbridge Tunnel in Sydney. Details: TAT HONG HOLDINGS LTD - BOOK BUILDING Issue Size : 20 mil shares Placement tranche : 15.78 mil shares 4.22 mil shares reserved for Management, staff and subsidiaries Public tranche : NO PUBLIC OFFER Issue Price : Will not be higher than S$0.30 (Trading price at Australian Exchange is A$0.36) DATE & TIME TO: BY 12PM 29 MAY 2000 Source - The Business Times |
| (Post 6 of 209) 05/29/2000.15:37:00 |
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Does anyone have any advice on whether to subscribe to Tat Hong? Thanks. |
| (Post 7 of 209) 05/29/2000.15:45:00 |
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For archive purposes Tat Hong gets nod for secondary listing on SGX By Jane Cheong 17 May 2000 HOMEGROWN crane supplier Tat Hong Holdings Ltd has received in-principle approval for a secondary listing on the Singapore Exchange, after a previous failed attempt in 1994. The company, which was ranked second on the Enterprise 50 list in 1997, said its first application was turned down by what was then the Stock Exchange of Singapore because of an inaccuracy in declaration by an ex-director of the group. Tat Hong, which specialises in three core businesses including the sale and rental of cranes and other heavy equipment such as excavators and wheel loaders, was listed on the Australian Stock Exchange (ASX) in September 1997. Upon admission to the SGX, Tat Hong will have a dual listing with the ASX being the primary exchange. Roland Tan, managing director of Tat Hong, said: "We are basically a homegrown company and have been in business for 25 years now. With this dual listing, we hope to raise funds for the company's working capital as well as raise the company's profile in the region." Based in Singapore, the Tat Hong group operates a large fleet of 550 units of heavy equipment, of which cranes comprise 450 units. With offices in major Asia Pacific countries such as Malaysia, Indonesia, the Philippines, Taiwan, Thailand and Australia, the company is poised to see an improvement in its business with the recovery of the region. Prior to the Asian economic crisis in 1997, 70 per cent of its revenues were derived from Asean with the rest from its Australian business. But the economic downturn changed this by depressing earnings from countries like Indonesia and Thailand and leading Tat Hong to turn to Australia instead. For FY 1999, Australian sales made up half of total revenues. However, Mr Tan says that they will be focusing on the region in the coming few years, depending on political stability and how well the economy rebounds. For the year ended March 31, 1999, Tat Hong posted a turnover of $124 million, but recorded a pre-tax loss of $67,000 due to lower rental rates, depreciation expenses and lower rental utilisation. The award-winning company has been involved in several regional infrastructure development projects such as the Singapore-Malaysia second link, the Kuala Lumpur International Airport as well as the Northbridge Tunnel in Sydney. - The Business Times |
| (Post 8 of 209) 05/29/2000.17:23:00 |
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The strike price under the book building placement exercise is confirmed at S$0.30. |
| (Post 9 of 209) 05/30/2000.03:57:00 |
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Tat Hong 20 mln placement shares priced at 0.30 sgd each SINGAPORE (AFX-ASIA) - Tat Hong Holdings Ltd said its 20 mln placement shares were priced at 0.30 sgd, following a book-building exercise. The issue is part of its secondary listing on the main board of the Singapore Exchange. The shares, it said, were priced at a discount of 17.4 pct to the last done transaction at the Australian Stock Exchange of 0.37 aud per share on May 29. Tat Hong will have a dual listing, following its listing on the Australian exchange in September 1997. mbe/gc AFN BFE62-29May00 11:25 GMT AFX ; ASIA ; |
| (Post 10 of 209) 05/30/2000.09:55:00 |
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Trading in Tat Hong will debut on Thursday 1 June 2000. |
| (Post 11 of 209) 05/30/2000.10:25:00 |
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Listing Information for Tat Hong... LISTING INFORMATION Listing status : SGX-ST Issue size (shares) : 20m shares Public / Placement size (shares) : nil / 20m Lead manager : Vickers Ballas Share cap after IPO : 351.5m (S$0.20) shares Major shareholder after IPO : Chwee Cheng & Sons (59.8%), Kian Ann Engr (10.9%) Net Tangible Assets : 33 cents (pre-flotation) Historical gross dividend : 1 cent TIME TABLE Determination of placement price: 29 May 00 Closing date : 31 May 00 Trading on “when issued” basis : 1 June 00 Trading on “ready” basis : 6 June 00 |
| (Post 12 of 209) 05/30/2000.11:58:00 |
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Hi, Luck, Tat Hong is offering its shares to its business associate at S$0.30. A friend of mine in construction line told me last night that he could arrange 5 lots for me. I was not interested. Reasons: Though its price in Australia is about A$0.36, quiet a big discount, it might not rise in Singapore e.g. Brierley. It might even drop to below S$0.30 like many other IPO in present poor market sentiment.It made a loss last year, not a counter to hold either. Furthermore prospect of construction industry is still uncertain. Advice: Avoid. |
| (Post 13 of 209) 06/01/2000.01:08:00 |
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Tat Hong Holdings 20 mln shr secondary offer fully taken up SINGAPORE (AFX-ASIA) - Tat Hong Holdings Ltd said its secondary offer of 20 mln shares has been fully taken up. Of the total, 4.22 mln shares were reserved for management and employees of the company. No shares were sold by way of a public offer. The shares were priced at 0.30 sgd each. Trading will begin on June 1. Tat Hong, listed on the Australian stock exchange, is a supplier of cranes and other heavy equipment. mbe/gc AFN BJA22-31May00 11:07 GMT AFX ; ASIA ; |
| (Post 14 of 209) 06/01/2000.08:22:00 |
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Do not short this counter Float is too small. No vested interest. |
| (Post 15 of 209) 06/01/2000.11:20:00 |
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Any advise on Tat Hong?? |
| (Post 16 of 209) 06/01/2000.11:27:00 |
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My suggestion is to get out of this sinking ship |
| (Post 17 of 209) 06/09/2000.15:25:00 |
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Nice uptrend.  |
| (Post 18 of 209) 06/15/2000.01:15:00 |
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Tat Hong yr to March opg loss 6.46 mln sgd vs loss 640,000 sgd SINGAPORE (AFX-ASIA) - Tat Hong Holdings said its year to March operating loss widened to 6.46 mln sgd from a loss of 640,000 sgd a year earlier, in spite of a rise in its turnover. The company said its performance was hit by foreign exchange losses of 2. 6 mln sgd owing to a weaker Australian dollar and stronger yen, and depressed margins in its rental and sales business. It also reported higher depreciation charges due to increase in its rental fleet. Net loss totalled 3.07 mln sgd after an extraordinary gain of 3.38 mln sgd, due to the disposal of the company's investment in Twinwood Engineering. Turnover for the company was at 146.9 mln sgd, up from 124.1 mln a year ago. The company declared a dividend of 0.3 cents. bur/av AFN CGE89-14Jun00 10:57 GMT AFX ; ASIA ; |
| (Post 19 of 209) 06/15/2000.01:18:00 |
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Tat Hong FY Net Losses S$6.5M Vs S$640,000 Tat Hong Holdings Ltd. Year To March 31: 2000 Net Profit - (S$6,459,000) vs (S$640,000) Pretax Profit - (5,790,000) vs 156,000 Revenue - 146,884,000 vs 124,094,000 Per Share Net Profit - (1.9 cents) vs (0.19 cent) Dividend - 0.3 cent vs 1.0 cent |
| (Post 20 of 209) 07/14/2000.14:34:00 |
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wow, tat hong moving up! any news?? anyone? |
| (Post 21 of 209) 07/25/2000.15:53:00 |
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Folks, In case any of you haven't noticed, there is HUGE 15% spread between Tat Hong listed on SGX (S$0.43) and the equivalent Tat Hong listed on ASX (A$0.36). With exchange rates near parity between S$/A$, there is decent profit sitting at the table for anyone brave enough to do the arbitrage. This has shades of what occured at GES all over again. Accumulate then push the limited float of Tat Hong shares on SGX and mop up the cheaper alternatives in ASX to pocket the difference... |
| (Post 22 of 209) 03/28/2001.14:46:54 |
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Tat Hong Holdings Ltd Signed An Agreement With PSL Industries Pty Ltd
Submitted by Mr Ong Tiew Siam, Company Secretary on 28/03/2001 |
| (Post 23 of 209) 04/06/2001.22:13:13 |
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Announcement
Submitted by Mr Ong Tiew Siam, Company Secretary on 06/04/2001 |
| (Post 24 of 209) 04/12/2001.17:08:17 |
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Joint Venture - BT Equipment Pty Ltd
Further to the Company's announcement made on 28 March 2001 in relation to the formation of a new joint venture company, BT Equipment Pty Ltd ("BT Equipment"), it is pleased to confirm further details of the joint venture company: 1. The Tat Hong Group is contributing net assets of approximately A$17.0 million to acquire a 55% interest in BT Equipment. PSL Industries Pty Ltd, the joint venture partner is contributing net assets of approximately A$14.0 million to earn a 45% interest in BT Equipment. 2. BT Equipment has employed the relevant employees from both Tat Hong Group and PSL Industries Pty Ltd. Certain liabilities including those relating to employee benefits estimated to be A$2.0 million have been assumed by BT Equipment. 3. The Auditors of both joint venture partners are finalising the due diligence review on the assets and liabilities transferred to BT Equipment and it is not expected that the review will result in any material variations to the joint venture arrangements. 4. No cash contributions are required to be made by Tat Hong Group and PSL Industries Pty Ltd. The two businesses acquired by BT Equipment had a combines revenue in the 2000 calendar year of approximately A$85.0 million. BT Equipment will represent leading brands in earthmoving, construction, compaction, drilling, forestry, mining and access equipment with products sourced from Germany, Japan, the United States, Norway, Finland and South Korea. The merged operations will provide its customers with access to an expanded national distribution network and a more complete product range. Submitted by Mr Ong Tiew Siam, Company Secretary on 12/04/2001 |
| (Post 25 of 209) 06/13/2001.17:41:27 |
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Announcement of Full Year Results, Announcement of Full Year Results - 31.3.2001
Submitted by Ong Tiew Siam, Company Secretary on 13/06/2001 |
| (Post 26 of 209) 09/18/2001.21:27:59 |
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Issue of Emloyee Share Option
Submitted by Ong Tiew Siam, Company Secretary on 18/09/2001 |
| (Post 27 of 209) 01/11/2002.17:02:17 |
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TAT HONG HOLDINGS LTD
Notice of Substantial Shareholder's Interests - AMENDMENT This is to clarify that the circumstance giving rise to the change in the Substantial Shareholder's Interests as announced on 07Jan2002 was due to DISPOSAL instead of Open Market Purchase. Submitted by ONG TIEW SIAM, Company Secretary on 11Jan2002 to the SGX |
| (Post 28 of 209) 04/25/2002.03:56:15 |
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O how come so quiet here ....  |
| (Post 29 of 209) 05/03/2002.05:44:37 |
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Wah ... 0.360 .lol ... what next ??? |
| (Post 30 of 209) 05/03/2002.14:53:49 |
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wow ... 0.195...0.315..0.360..high..0.390... |
| (Post 31 of 209) 05/30/2002.15:06:11 |
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TAT HONG HOLDINGS LTD
Proposed subscription of shares in CSC Holdings Limited; Proposed disposal of 76% equity interests in THL Foundation Equipment Pte Ltd to CSC Holdings Limited; and Proposed acquisition of certain machinery and equipment from CSC Holdings Limited Reference is made to our recent announcement dated 21 May 2002. The Company has satisfied itself that the ASX Listing Rules do not require the Company to obtain shareholders' approval for the proposed subscription and disposal. BY ORDER OF THE BOARD Submitted by ONG TIEW SIAM, COMPANY SECRETARY on 30/05/2002 to the SGX |
| (Post 32 of 209) 08/01/2002.17:10:21 |
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TAT HONG HOLDINGS LTD
REQUEST FOR SUSPENSION OF TRADING IN SHARES Tat Hong Holdings Ltd (the "Company") would like to request for a suspension in the trading of its shares with immediate effect pending the release of an announcement by the Company. BY ORDER OF THE BOARD Ong Tiew Siam Company Secretary Submitted by ONG TIEW SIAM, COMPANY SECRETARY on 01/08/2002 to the SGX |
| (Post 33 of 209) 08/02/2002.09:05:51 |
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TAT HONG HOLDINGS LTD
PLACEMENT OF 40, 000, 000 ORDINARY SHARES OF S$0.20 EACH IN THE CAPITAL OF TAT HONG HOLDINGS LTD Submitted by ONG TIEW SIAM, COMPANY SECRETARY on 01/08/2002 to the SGX |
| (Post 34 of 209) 08/02/2002.09:06:34 |
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TAT HONG HOLDINGS LTD
REQUEST FOR LIFTING OF TRADING HALT IN SHARES Tat Hong Holdings Ltd (the "Company") would like to request for lifting of trading halt in the shares of the Company with effect from 9:00am on Friday, 2 August 2002. BY ORDER OF THE BOARD Ong Tiew Siam Company Secretary Submitted by Ong Tiew Siam, Company Secretary on 01/08/2002 to the SGX |
| (Post 35 of 209) 08/02/2002.09:46:32 |
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Pheim Asset Management yesterday took 4.9% stake in Tat Hong iva placement @S$0.30
A Turnaround Story? The company reported a turnaround in net profit for FY2002 of S$1.7m from a loss of S$11.5m the year before. What was even more impressive was the company staged a reversal in the bottom line from a loss of S$2.7m in the interim period to a solid profit of S$4.4m in the latter half (despite difficult market conditions since the Sep 11 bombing). If the company can maintain earnings performance this year, earnings after tax for FY03 should come in at around 12x. Trading @P/NAV of only 1.2x @S$0.33, the stock is a steal. The Key to the reversal in corporate performance was a recovery in margins and the improving asset turnover. Both EBITDA and EBIT margins hit 3-year high with better cost-control measures in place over the last 2 years. Meanwhile the management continues to improve on its cash conversion cycle from 201 days for FY2000 to 159 days for FY2002. Improvements on the metrics should continue as the management further consolidates the regional operations. The infrastructure industry is both a lagging and high operating leverage sector. A pick up in economic activities in Asia next year will prepare the ground for a strong rebound in earnings for Tat Hong. Infrastructure investment in Southeast Asia has experienced a 5-year lull period since the Asian Crisis in 1998. Turnover in FY2002 for Tat Hong has already reached pre-crisis level. A pick up of the investment cycle over the next 2 years in Asean would see strong improvement in net margin (>5%). Driving the infrastructure cycle is the strong investment in onshore & offshore oil & gas sector and infrastructure buildup in the region this year. Tat Hong already has more than S$30m in order book from both sectors. Management has targeted revenue growth of >10% per annum over the next few years. Buy Tat Hong for an infrastructure play in the oil & gas sector growth in Asia. |
| (Post 36 of 209) 08/08/2002.15:58:57 |
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TAT HONG HOLDINGS LTD
PLACEMENT OF 40, 000, 000 ORDINARY SHARES OF S$0.20 EACH IN THE CAPITAL OF TAT HONG HOLDINGS LTD ("Placement") Further to the Company's announcement made on 1 August 2002 in relation to the Placement, the Directors are pleased to announce that all 40,000,000 shares of par value S$0.20 each in the capital of the Company offered pursuant to the Placement (the "Placement Shares") had been fully subscribed and were duly allotted and issued today. The Company will be applying to the Australian Stock Exchange Limited ("ASX") and the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Placement Shares on ASX and SGX-ST respectively. BY ORDER OF THE BOARD Ong Tiew Siam Company Secretary Submitted by Ong Tiew Siam, Company Secretary on 08/08/2002 to the SGX |
| (Post 37 of 209) 09/26/2002.16:31:49 |
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TAT HONG HOLDINGS LTD
Rectification to the Announcement dated 18/9/2002 and 20/2/2002 on Notice of Substantial Shareholder's Interest Pls view announcement here. |
| (Post 38 of 209) 08/01/2003.10:39:46 |
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Buy & hold.. |
| (Post 39 of 209) 08/07/2003.10:44:20 |
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| (Post 40 of 209) 08/15/2003.09:24:37 |
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| (Post 41 of 209) 08/18/2003.08:49:23 |
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some crazy fella put in $0.45 to BUY at pre-open!!! |
| (Post 42 of 209) 09/05/2003.13:06:28 |
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| (Post 43 of 209) 09/05/2003.13:09:26 |
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| (Post 44 of 209) 09/05/2003.13:10:18 |
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| (Post 45 of 209) 09/05/2003.13:12:53 |
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MONEYTHREE
WHER IS tat hong GOING??? cheongggggggggggggggggggggggggggg ah up or down?????  |
| (Post 46 of 209) 09/05/2003.13:21:10 |
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As the economy recovers (regionally), orders should flow in and are right now.. It'll follow the economy. |
| (Post 47 of 209) 09/05/2003.13:53:12 |
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Moneytree, me looking for re-entry into market, any advice ?
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| (Post 48 of 209) 09/05/2003.14:30:17 |
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deleted...duplicate |
| (Post 49 of 209) 09/05/2003.14:33:10 |
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Comfy, if you believe in the economic recovery and oil&gas sector re-rating then Old economy stocks should come into the limelight again.
In recent days, oil & gas sector has been in play through the supply chain types like Jaya, Ezra and CHO. Tat Hong likewise is in heavy eqpt, supporting oil exploration and infrastructure buildup and should ride on this. I CANNOT GIVE U ADVICE ON WHTEHER TO BUY OR NOT. U MUST DO HOMEWORK AND ARRIVE AT IT YOURSELF. Here's a link... Web page |
| (Post 50 of 209) 09/05/2003.14:50:12 |
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THANKS! |
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