Thursday, August 9, 2007

Tee International - Personal note

This stock is worth of a look. Below is the highlights of the company financials.
At $0.35 (div 2.7%, PE 15x) - valuation very attractive when compared to its peers.

HY0607 (out 24/07/07)
- rev: $59m (46m)-np: $2m (1m)
- eps: $0.0234-nav: $0.1322
- shares: 82,437,733
- div: $0.0094 (to be paid on 21/11/07)

FY0506 (300506)
- EPS: $0.0138 ($0.0111 FY0405)
- Issued shares: 70,768,675
- NAV: $0.1139 ($0.1091 FY0405)


Co info:
Biz in construction sector, rebuilding, M&E, recently into property development by setting up a property arm Tee Development, has been aggressively acquiring properties, co also team up with Rotary Engineering to bid for the Sands IR M&E contracts.

co updates:
- 23/05/07: private placement 16.3m shares to OCBC and HL finance. Shares now stands 99,629,400.
- shares at 31/07/07: 100,417,240
- Jul 07: Added acquisitions from Sixth Avenue and a prime residential property No. 257 to 261 Merlin Mansion at East Coast Road
- Thomas rd site luanch in Sept 07
- Cairnhill Circle and Rambai Road sites launch in between 4Q07-1H08

No comments: