Triyards Holdings

[Harvest Time]

RHB Research analysts: Jesalyn Wong (left) & Lee Yue Jer, CFA

We initiate coverage on liftboat builder Triyards with a BUY and SGD0.77 TP (100% upside) based on 6x FY15F P/E (small-/mid-cap SGX-listed O&G firms’ average: 7.29x). A calculated net orderbook of USD380m provides 15 months’ earnings visibility. Ezion could potentially award USD150m in contracts, upon which its 29.5m warrants in the counter will vest. Valuations are attractive at 3.1x/2.6x FY15F/16F P/Es, 3x EV/EBITDAs, 0.4x P/BVs and 2.5% yield.


http://www.nextinsight.net/index.php/sto...rget-price

[butcher]

Triyards orders book is increasing.

[whosjohngalt18]

what the frick is going on with this stock over the last few days? The speed of this decline on no news has been insane.

[greengiraffe]

buddy u better keep hiding in yr cave... whole mkt is dying due to the commodities tsunami...

If u look at the bluest of the blues like Kepcorp, Sembcorp... they are all dying... even banks and defensive telcos are not spared...

Triyard has got a parent Ezra that potentially will issue a certificate... so Triyard is just part of the party

what the frick is going on with this stock over the last few days? The speed of this decline on no news has been insane.

[WolfT]

what the frick is going on with this stock over the last few days? The speed of this decline on no news has been insane.

That is why you should run when Erza issue rights during June .Triyard is still selling around 52cts then. Good luck!

[whosjohngalt18]

Their financial situation is much less leveraged than the parent Ezras...they have less than 1.6 turns net debt/ebitda (ezras is 15x+).

[investingsgx]

Good earnings ahead for tml, price up to 0.39 already. According to StraitsTimes, they are one of the reputable company that builds cheap but good quality lift boats.

[CityFarmer]

Good earnings ahead for tml, price up to 0.39 already. According to StraitsTimes, they are one of the reputable company that builds cheap but good quality lift boats.

Please post in the company existing thread, rather than creating a new thread. You may use the search tool to confirm whether existing thread exists.

I merged your new thread into the old thread.

Regards
Moderator

[psslo]

Good earnings ahead for tml, price up to 0.39 already. According to StraitsTimes, they are one of the reputable company that builds cheap but good quality lift boats.

Full year results out this morning:

• TRIYARDS Holdings Limited - 4QFY15 Results Presentation
  
  
• TRIYARDS Reports A Strong 4QFY15 With Revenue Of US$88 Million; Adds Another US$100 Million To Its Newbuild Orderbook
  
  
• Financial Statements And Related Announcement - Full Yearly Results
  
  

Fyi

[CityFarmer]

The company, is one of the quality O&G stocks, that worth following. I will recommend another one, Pacific Radiance.

(not vested in both, but monitoring)