PEC

[Life is a game]

It is the recurring income from maintenance that is attractive.

[mkmk]

http://infopub.sgx.com/Apps?A=COW_CorpAn...3Apr15.pdf

PE clinches a S$176m new contract from Middle East

- 2nd win from Middle East this year.

- providing engineering, procurement and construction (EPC) works for a new state-of-the-art oil storage terminal in Fujarah, UAE.

- TBC Mar 2017.

- Not expected to have material impact to PEC Group earnings for this financial year.

(Not vested)

[chew]

What are the implications for PEC? Any comment from forumers?

http://business.asiaone.com/news/chemica...l-the-site

[BlueKelah]

What are the implications for PEC? Any comment from forumers?

http://business.asiaone.com/news/chemica...l-the-site

No idea. But this one is slowly moving up my radar. Hoping for a cheaper entry price around 30c+ as it is now reporting losses and the macro O&G picture is still not too good yet.

[chew]

agree... 30+ range would be a good level although I would like to hear what my knowledgeable forumers have to say about the teijin closure.

What are the implications for PEC? Any comment from forumers?

http://business.asiaone.com/news/chemica...l-the-site

No idea. But this one is slowly moving up my radar. Hoping for a cheaper entry price around 30c+ as it is now reporting losses and the macro O&G picture is still not too good yet.

[ngcheeki]

Based on the IPO prospectus of PEC, the major customers are:

[Image: pec_ma10.png]

Based on prospectus in 2009, teijin was not one of the major customers. If any of the following customers closed down their maintenance projects will be affected.

ExxonMobil Asia Pacific Pte Ltd
Shell Eastern Petroleum Pte Ltd
Singapore Refining Co. Pte Ltd

Current order book of S$450mil is recorded high and the only issued is the execution. If nothing goes wrong, FY2016 will be a good year for PEC.

http://infopub.sgx.com/FileOpen/200515_P...eID=352772

IPO prospectus
http://infopub.sgx.com/FileOpen/PEC%20Pr...ileID=3583

[bear]

It did dropped to 30+ range at the heart of the endless bombardments of the Greece crisis and China stock market disaster news last week.

Announcement of daily shares buy-back notice.


http://infopub.sgx.com/Apps?A=COW_CorpAn...74f0357880

agree... 30+ range would be a good level although I would like to hear what my knowledgeable forumers have to say about the teijin closure.

What are the implications for PEC? Any comment from forumers?

http://business.asiaone.com/news/chemica...l-the-site

No idea. But this one is slowly moving up my radar. Hoping for a cheaper entry price around 30c+ as it is now reporting losses and the macro O&G picture is still not too good yet.

[chew]

Can't be bad that the govt regards petrochemicals in Jurong as a key sector ?

http://news.asiaone.com/news/singapore/j...al-romance

Vested.

[Nebula]

Decent set of earnings considering the oil & gas sector slump.
nice dividend of 2 cents with a current share price of $0.33, yielding a nice 6%.

http://infopub.sgx.com/FileOpen/Q4FY2015...eID=367453

record orderbook of more than $450 mill also helps ease the mind amid this chaos.

<vested>

[value:search]

Decent set of earnings considering the oil & gas sector slump.
nice dividend of 2 cents with a current share price of $0.33, yielding a nice 6%.

http://infopub.sgx.com/FileOpen/Q4FY2015...eID=367453

record orderbook of more than $450 mill also helps ease the mind amid this chaos.

<vested>

Now, PEC is trading around the value of its cash component minus debt and dividend. 
Vested. Will accumulate more if downwards pressure continues. 
Just treat it as "FD" while waiting for the O&G storm to clear.
Once the oil price starting to normalize around $30+ bbl, likely to see earning to stabilize. 
Looking at the balance sheet, likelihood to maintain the $0.02 dividend for next two years.