TTJ Holdings

[pianist]

Huat lah..looking forward to the .009 dividend soon.

[brattzz]

looks like a good company, however current price is not offering any discount.
any chances anyone willing to sell at 24 cents?

try to pay a fair price for a good co. rather, than a good price for a fair co.

[kelvesy]

From LTA's Master Plan (http://www.lta.gov.sg/content/ltaweb/en/...p2013.html), it indicates intentions to add more MRT lines in the future. TTJ has a history of doing structural steelworks and civil defence shelter doors for SMRT/LTA. Looks good for TTJ.

Along with that, there are ongoing developments which TTJ can play a part in.

[NTL]

Isn't these lines are already in the plan, and some are already in construction?

[kelvesy]

I am not exactly sure of the breakdown, but looking at their timeline, they are certainly moving things faster.

Between now and 2012, a new train line or line extension will open nearly every year.

2013 - Opening of Downtown Line 1
2014 - Opening of North-South Line Extension
2016 - OPening of Downtown Line 2, Tuas West Extension, Completing of North South Line re-signaling
2018 - Opening of Downtown Line 3
2018 - Completion of East-West Line re-signaling
2019/20 - Opening of Thomson Line
Beyond 2030 - Opening of Eastern Region Line

- source: The Edge Magazine

[NTL]

Downtown line was planned in 2005, and only due for completion in 2018. That will be 13yrs.

Thomson Line was planned in 2008, due for completion in 2021. Another 13yrs.

Cross Island Line was planned in 2013, completion expected to be 2030. That's 17yrs. Not that fast actually...

[orangetea]

2 events happened this week for TTJ, 1) Main Contractor of both Yongnam and TTJ, Apline GMBH for the SMRT DTL2 contracts has filed for bankrupty, TTJ's exposure is SGD$8.8millions. (Figure this will be borned/restructured by SMRT later) 2) TTJ's Share price reacted and shedded 10% to 27.5cts on 27 June 2013. 3) TTJ activated their sharebuyback mandate and brought up 200lots at 27.5cts on 27 June 2013, providing a base support. Thoughts, 1) This is a small "black swan" case, as the end client is SMRT, TTJ will not actually realised the exposure loss, believe SMRT will bear/restructured the project management again. 2) TTJ's sharebuyback shows that price now is of good value. 3) Temporary weakness to share price provides buying opportunities to all. Buy Buy Buy!!

Projects returns to TTJ for MRT
http://info.sgx.com/webcoranncatth.nsf/V...B0011862E/$file/TTJwins41m.pdf?openelement

[NTL]

Where is the announcement for Yongnam? They are also affected by the bankruptcy.

[orangetea]

Where is the announcement for Yongnam? They are also affected by the bankruptcy.

No announcement so far

Comparing yongnam and TTJ, TTJ is superior in terms of PE, debt, roe, roa, roi based on ft.com data

Lower beta is good for me to buy and hold.

I prefer TTJ over yongnam at current price.
(Vested)

[NTL]

Where is the announcement for Yongnam? They are also affected by the bankruptcy.

No announcement so far

Comparing yongnam and TTJ, TTJ is superior in terms of PE, debt, roe, roa, roi based on ft.com data

Lower beta is good for me to buy and hold.

I prefer TTJ over yongnam at current price.
(Vested)

I not vested in both. Just that wondering why TTJ manage to get back the contract so fast while YongNam has no news yet.

Vested in another steel structure company though.