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Post by zuolun on Mar 27, 2014 8:19:54 GMT 7
Tat Hong — Bear Flag formationImmediate support 0.735, strong resistance 0.775, the 50d SMA.  
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Post by zuolun on May 12, 2014 9:39:49 GMT 7
Tat Hong — Bull-TrapTat Hong had an inverted hammer @ S$0.825 (+0.01, +1.2%) on 12 May 2014 at 9.55am. Immediate support @ S$0.78, next resistance @ S$0.83, strong resistance @ S$0.86.   Tat Hong (weekly) — Bear Flag Breakout Tat Hong (Monthly) — 2004 to May 2014
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Post by odie on Jul 30, 2014 15:30:10 GMT 7
Tat Hong Holdings Ltd - MANAGEMENT REPLY: Where will it reinvest the proceeds from asset sales?
By Kiran Rameshchandra | Investor Central
16/7/2014 – Tat Hong has sold its entire 70% interest in Hup Hin Transport Co Pte Ltd to Hup Hin Capital Pte Ltd for S$20.6 mln.
Also on July 7, its subsidiary Tutt Bryant sold its five properties in Australia and leased it back in an arrangement with TransLinQ Income Pty Ltd for A$30 mln, equivalent to around S$35 mln.
A month ago, it sold its entire 31.27% interest in Kian Ho Bearings Ltd to Raffles United in a married deal at S$0.22 a share, totalling S$17.2 mln.
OCBC Research has maintained its HOLD rating with a target price of S$0.89.
But it reiterates clients can accumulate the stock if the price drops below S$0.81.
Investor Central. We keep your investments honest.
Question 1. Where will it reinvest the proceeds from asset sales?
Tat Hong has raised about S$72.9 mln in total after disposing stakes in Hup Hin Transport for S$20.6 mln, Kian Ho Bearings for S$17.2 mln and the sale and leaseback of five properties in Australia for about S$35.1 mln.
Including its existing cash balance of S$58.6 mln at the end of FY14, total cash balance is about S$131.5.
We understand that proceeds from sale of properties will be used to reduce bank borrowings.
OCBC Research thinks the proceeds will be used to repay debt due to elevated net gearing of 0.71x (0.87x according to the company) versus its 5-year historical average of 0.57x.
Tat Hong might also spend some money on expanding its fleet of cranes.
Management Reply: Proceeds from the recent divestments and property disposal will be used for working capital requirements and to reduce bank borrowings.
Question 2. Does it believe that its gearing is too high?
Or is OCBC Research alone in this view?
Management Reply: We are comfortable with our current gearing level.
Total number of questions in the full story: 7)
We thank Ms. Soh Kim Lian, Manager, Investor Relations & Corporate Communications, for her response.
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Post by odie on Jul 30, 2014 15:30:50 GMT 7
zuolun bro, looks like tat hong will be reducing its bank borrowings  |
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Post by zuolun on Jul 30, 2014 15:57:43 GMT 7
zuolun bro, looks like tat hong will be reducing its bank borrowings odie, Mind the gap. Tat Hong — Trading in a rectangle; strong resistance @ S$0.92 [ |
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Post by odie on Jul 30, 2014 16:05:33 GMT 7
Tat Hong Holdings Ltd (the “Company”) wishes to advise that the Company intends to release, to SGX-ST, its First Quarter FY2015 Results ended 30 June 2014 after the close of trading on 14 August 2014. no bets for now, zuolun bro |
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Post by zuolun on Aug 31, 2014 23:34:16 GMT 7
Tat Hong — Head And Shoulders FormationTat Hong closed with an inverted hammer @ S$0.835 (-0.015, -1.8%) with 129 lots done on 29 Aug 2014. Immediate support @ S$0.83, immediate resistance @ S$0.85.   
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Post by zuolun on Oct 5, 2014 11:48:38 GMT 7
Tat Hong — Semi-round arch / "Mushroom Of Death" chart pattern, TP S$0.71Tat Hong closed with a long-legged doji @ S$0.765 (-0.005, 0.6%) with 863 lots done on 3 Oct 2014. Immediate support @ S$0.74, immediate resistance @ S$0.79. 
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Post by odie on May 31, 2015 6:46:09 GMT 7
Tat Hong last fri closed at 61.5cts
NAV at 31 March 2015 (Co level) 58cts
Not vested
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