Stock Name: Tat Hong
Company Name: TAT HONG HOLDINGS LTD
CIMB in a Nov 28 research report says: "Tat Hong has finally turned the corner, with growth finding footing. Its Australian operations are set to prosper in 2H12 from an ongoing re-building programme. We believe the next stock catalyst will hinge on that, potentially throwing up positive surprises in 2H12.
"Apart from rebuilding work following floods in Queensland that will be rolling in the dough, the lucrative oil & gas (O&G) industry in Australia may commence some projects after delays.
Once commenced, utilisation and rental rates could climb for Tat Hong. Earnings estimates are unchanged, so is our target price of 77 cents (10x CY13 P/E). UPGRADE TO OUTPERFORM."
Company Name: TAT HONG HOLDINGS LTD
| Research House: CIMB | Price Call: BUY | Target Price: 0.77 |
CIMB in a Nov 28 research report says: "Tat Hong has finally turned the corner, with growth finding footing. Its Australian operations are set to prosper in 2H12 from an ongoing re-building programme. We believe the next stock catalyst will hinge on that, potentially throwing up positive surprises in 2H12.
"Apart from rebuilding work following floods in Queensland that will be rolling in the dough, the lucrative oil & gas (O&G) industry in Australia may commence some projects after delays.
Once commenced, utilisation and rental rates could climb for Tat Hong. Earnings estimates are unchanged, so is our target price of 77 cents (10x CY13 P/E). UPGRADE TO OUTPERFORM."
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