TTJ Holdings

[brattzz]

wait for TTJ Green Energy Pte Ltd's news, this will be quite a news, i am guessing!

[BlueKelah]

Updating ...

T T J Holdings Limited announced today that it has secured new contracts worth $12 million in Singapore and Malaysia. With these, the Group’s order book as at 07 December 2016 stands at $42 million

The new projects, a few of which the Group has already commenced work, are expected to be substantially delivered between FY2017 to FY2018.

In Singapore, T T J has secured another contract to supply and install the fixed gangway at Changi Airport Terminal 1, following its first Terminal 1 gangway project in October 2014. Separately, T T J has secured a contract to supply, fabricate and install structural steelwork at Choa Chu Kang Waterworks. The Group also clinched the job to supply a series of civil defence shelter doors for the MRT ThomsonEast Coast Line.

Over in Malaysia, the Group won a contract from a repeat customer to supply, fabricate and install structural steelwork for the refinery and petrochemical integrated development project in Pengereng, Johor. This marks the third job T T J has won for this mega project in Pengerang, Johor.

The quarterly result was out as well. This could be the 2nd last quarter with dormitory top and bottom line.
They are now really swimming in cash!!
The scenario of waiting for substantially lower profit in Q3 and Q4 to delist is still on track (just thinking out loud, hopefully it won't happen).
It is really one-too-many of Spore Exchange's listed companies to have so many low ball delisting offers. Really hope that will not be what we associate Sgx with.

<vested, reduced>

Orderbook still less than last quarter which was at 48m. and will still be unable to sustain top line of 25m+/quarter. Without dorm. revenue or significant orderbook incoming, top line will be 10m+ only in coming quarters.

Yup those holding will have a lower profit Q3 & Q4 to look forward, if coupled with a local recession may hit stock prices even more. As I said before, delist when stock price go down is a no brainer for TTJ boss.

Good thing for holders is net cash sits ~85% of Mcap, company is trading now at NAV and cash will likely increase as the company ramps down. Probably a good time to profit take whilst market is still high on Trump and bond money is flowing back into stocks.

[brattzz]

two sides of the coin,

1) Boss Teo continues to deliver as he say no retirement, no to delist, look out for TTJ GREEN Energy Pte Ltd.
2) Boss Teo to allocate shares to 3rd party, then buy back and do delist exceeding 90%...

Which side are you on? what say u?!

[wind22i]

If teo do privatise at low ball price, the shareholder can always reject it...

[brattzz]

If teo do privatise at low ball price, the shareholder can always reject it...

not if coin side 2 is chosen, it's standard move by biz owners to delist,

[Mr. Pink]

If teo do privatise at low ball price, the shareholder can always reject it...

not if coin side 2 is chosen, it's standard move by biz owners to delist,

Seems like not much additional economic upside to delisting/going private (100% upside vs. 85% upside).

Excluding economic considerations - are there strong reasons to delist?  I've heard it is a point of pride for some of these smaller businesses (with limited float) to be listed on SGX and customers can see how good the balance sheet is, etc.  Of course also probably a hassle in some ways...  Would love to hear any thoughts on this topic (for this and other names)

Thanks

[brattzz]

1st of all, it's the cash in the co. boss teo, no need to share..

then usually, after delist, a few years later, IPO again at 3-5x lah...

[smallcaps]

Career & Development lor:

http://paramountsolutions.com.sg/wp/wp-c...icture.pdf

Lawrence Low Chee Yeen : Founder and Director of Paramount Solutions Pte Ltd

http://technics.listedcompany.com/newsro...F077.1.pdf

The Board of Directors of Technics Oil & Gas Limited (“the Company”) is pleased to announce that
its wholly-owned subsidiary, Technics Offshore Engineering Pte Ltd (“TOE”) has incorporated a 51%
subsidiary, on 21 November 2013. The details are as follows:
(a) Name of 51% subsidiary: Technics Steel Pte. Ltd. (“TNST”)
(b) No. of shares held: 51 ordinary shares for SGD51.00.
The other shareholders, Dr Teo Teck Heong and Dr Ng Yiaw Heong
each hold 28 and 21 ordinary shares respectively (together representing 49% in TNST). 
... 

Same same but different:

http://infopub.sgx.com/FileOpen/TTJ%20An...eID=437747

SALE AND PURCHASE AGREEMENT RELATING TO THE ACQUISITION OF 51% OF THE ENTIRE ISSUED AND PAID UP CAPITAL IN TECHNICS STEEL PTE LTD (THE “TARGET COMPANY”) (THE “ACQUISITION”)

[brattzz]

What is Technics Steel Pte Ltd?

The Company is engaged in, inter alia, the design, supply, fabrication and installation of
structural steel works for erecting steel structural frames for long span aircraft hangars, high rise
buildings, commercial and industrial buildings

RATIONALE
The Company has decided to acquire the Target Company as the Target Company has technical
expertise in certain areas that the Group intends to leverage on. The Acquisition is in line with
the core businesses of the Group in structural steel and will allow the Company to undertake
different types of projects within the same core businesses.

The Company considers the Acquisition as an acquisition of assets in the ordinary course of the
Group’s business and will not increase the scale of the Company’s existing operations
significantly. Accordingly, Shareholders’ approval for the Acquisition will not be sought for the
Acquisition.

As a result of the Acquisition, the Target Company has become a subsidiary of the Company.

http://www.businesstimes.com.sg/companie...or-s950000

Technics Steel, incorporated in Singapore, specialises in the manufacturing, fabrication and installation of structural steel works and modular structure for projects ranging from high rise towers to chemical plants and bridges.

Technics: Technics Steel Awarded 2 New Contracts Worth S$4.6 Million To Fabricate & Install Steel Structures.
27 Oct 2015 17:18
Headlines only: Technics: Technics Steel Awarded 2 New Contracts Worth S$4.6 Million To Fabricate & Install Steel Structures.
http://www.btinvest.com.sg/markets/news/...ce=si_news

The balance 49 per cent in Technics Steel is owned by minority shareholders Teo Teck Heong (28%) and Ng Yiaw Heong (21%), who also form its key management team.

Key person Links to TTJ, all ex-key staffs

1) Interesting to note Lawrence Low (Paramount) is also ex-TTJ GM.ex.2014
2) Steel Structures - From Design to Fabrication and Erection; A Review of Changi Airport Terminal 3 Main Roof by Dr Teo Teck Heong, TTJ Design and Engineering Pte Ltd
3) Dr. NG Yiaw Heong - Executive Director - Head of Engineering, TTJ Design and Engineering Pte Ltd, Singapore

Boss Teo consolidating his biz and reunion with his old friends...

[Tiggerbee]

http://www.theedgemarkets.com.sg/article...ngs-72-mil

TTJ Holdings posts 25% decline in 1H17 earnings to $7.2 mil

By:
Michelle Zhu
08/03/17, 05:58 pm
SINGAPORE (March 8): TTJ Holdings, the structural steel specialist, reported a 25% decline in earnings to $7.2 million for the first six months of FY2017 from a year ago on the back of lower revenue.

Group revenue for 1H17 fell 14% to $46.5 million from $54.2 million a year ago, as the group says its performance was impacted by a challenging economic environment and higher competition, in addition to the expiry of tenure for its Terusan Lodge I dormitory – which resulted in lower revenue contributions from both its structural steel and dormitory businesses.

For the 2Q17 ended Jan, TTJ’s earnings fell 53% to $2.9 million from $6.3 million in the previous year on a 30% fall in revenue to $20 million.

In a Wednesday release, the group highlights that despite its weaker financial performance in 2Q/1H17, it has nonetheless secured a few projects with add up to a total order book of $59 million to-date, which includes contracted works for the supplying and installation of structural steelworks for Funan DigitaLife Mall.

Looking ahead, TTJ’s chairman and managing director Teo Hock Wee says he is hopeful that there will be more business opportunities for the group to pursue this year, given that the BCA has forecast that public sector construction demand in 2017 will rise.

Shares of TTJ closed 1.3% higher at 39 cents on Wednesday.