Triyards

wahkao3

wahkao3

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JobHunter said:
A stock that I had once looked before, but got kicked out of my Excel.

Price / NAV b 0.6301 [Tick]
PE a 5.017 [Tick]
Dividend Yield (%) d 1.765 [Failed!]
Debt to Equity : 0.64 [OUT!]




www.GiraffeValue.com
Click to expand...
yes agreeed
debt too high

also the DSO is pretty worrysome. it might go the way of swiber :(

TA goot, FA neutral, weak buy
 
J

JobHunter

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Ya it's rising... And yes you must care about its debt level. As we are buying a stake of a company, won't you want to know how much debt they have? Price movement in short term is very very random.
 
B

backsight

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JobHunter said:
Ya it's rising... And yes you must care about its debt level. As we are buying a stake of a company, won't you want to know how much debt they have? Price movement in short term is very very random.
Click to expand...

the debt is for which year ? this year or last year? maybe they are trying to clear their debt or is in progress? how to know ? hard to tell unless you and me in the company and know inside info ..
 
Shion

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Triyards kept at ‘buy’ by OCBC with 61 cents fair value estimate

Triyards kept at ‘buy’ by OCBC with 61 cents fair value estimate

http://www.theedgemarkets.com/sg/article/triyards-kept-‘buy’-ocbc-61-cents-fair-value-estimate

SINGAPORE (April 11): OCBC has kept its “buy” recommendation for Triyards Holdings with a 61 cents fair value estimate as the group reports a healthy set of earnings and secures US$17.8 million ($24 million) in non-O&G orders.

In 2Q16, Triyards reported a 15% y-o-y rise in revenue to US$70.5 million and a 4% increase in net profit to US$5.3 million, such that 1HFY16 net profit accounted for about 44% of our full-year estimate.

Gross profit margin came in at 20.9% compared to 18.7% in 1QFY16 and 22.4% in 2QFY15.

“Given the lumpiness in quarterly earnings, we judge this set of results to be within our expectations,” says lead analyst Low Pei Han in a Friday update.

Meanwhile, Triyards also just announced new contract wins of US$17.8 million, comprising three wind-farm support vessels and a luxury river cruise vessel.

“We understand that the wind farm vessels are crew transfer vessels of a catamaran shape, and estimate that each vessel costs about US$4m. This is further evidence of the group’s ability to diversify away from the oil and gas segment,” says Low.

As at end Feb 2016, Triyards’s order book stood at US$513 million, which is about two times its revenue in FY15.

OCBC expects the group to recognise about 30% of its order book by the end of this year, translating to about US$154 million in revenue.

“Do note that this excludes the two latest Ezion liftboats that are currently put on hold due to proposed changes in design (no construction work has started yet for these units), and we had taken this into account in our estimates,” says Low.

As at 1.28pm, shares of Triyards are trading 4.88% higher at 43 cents.
 
Shion

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Triyards posts US$6.25m loss for Q2 on Ezra-related allowances

Triyards posts US$6.25m loss for Q2 on Ezra-related allowances

http://www.straitstimes.com/busines...us625m-loss-for-q2-on-ezra-related-allowances

SINGAPORE - Triyards Holdings posted on Friday (April 7) a net loss of US$6.3 million (S$8.8 million) for the second quarter ended Feb 28, 2017, against earnings of US$5.3 million for the year-ago quarter.

This was largely due to approximately US$8.4 million in allowance Triyards made for doubtful receivables from related/affiliated entities of debt-laden Ezra Holdings which either face a potential going concern issue or have filed for Chapter 11 of the United States Bankruptcy Code.

Revenue for the quarter was maintained at US$70.6 million, but profit from operations fell 38 per cent to US$4.4 million mainly due to a different mix of projects and the competitive market environment, said the company.

Triyards also said on Friday that it has expanded client base with US$32.9 million of contract secured in April.

The contracts include the fabrication of seven tugboats and one 16-metre aluminium crew transfer vessel from an established Vietnamese vessel owner and operator. The vessels are slated for maritime services and will be delivered by Triyards' Saigon Shipyard.

On the group's latest contract wins, Triyards CEO Chan Eng Yew said: "These contracts deepen the group's portfolio and boost the purpose-built vessel solutions we offer from our yards in Vietnam and Singapore. In addition, it affirms the success of TRiyards' diversification strategy and will contribute the earnings visibility for the group in FY18. We remain committed to strengthening the resilience of our business to tide through these difficult industry conditions."
 
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