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楼主 |
发表于 9-4-2008 06:09 PM
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BHIC in talks to offer services in Europe, USKUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) is in “active discussions” with clients in Europe and the US for the provision of services to the booming oil and gas sector and also shipbuilding.
Executive deputy chairman and group managing director Datuk Seri Ahmad Ramli Mohd Nor said the company was bidding for work there and was confident of clinching some projects in the “not too distant future”.
The group would continue to strengthen its core competencies in military vessels and build its strength in non-military vessels, including commercial vessels and luxury yachts, he said after the company AGM yesterday.
 Datuk Seri Ahmad Ramli Mohd Nor (second from left) at a media briefing after the BHIC AGM. With him from left are: senior general manager - finance Peramjeet Singh, chairman Tan Sri Che Lodin Wok Kamaruddin and director Datuk Azzat Kamaludin.
Currently, its military vessel operation contributes 70% of group revenue while the commercial operation accounts for the balance.
Ramli said to date, the company had about RM600mil worth of commercial jobs and planned to increase revenue contribution from its commercial business to 50% within three to four years.
“Our intention is to grow the business and not be dependent on one sector,” he said, adding that the group was targeting a quantum increase in its commercial business but not at the expense of its military business.
In broadening its market reach, the group has secured contracts for the construction of five chemical tankers, two anchor handling tugs and a well testing and servicing vessel. The group was also awarded a contract for engineering, procurement, construction and onshore commissioning of the Muda Living quarters from Carigali-PTTEPI Operating Co Sdn Bhd.
The group, which currently has an order book of over RM2.5bil, has four yards - in Pulau Jerejak in Penang, Langkawi, Lumut in Perak and Ghana.
Ramli said with its yard in Tema, Ghana, the group expected to capitalise on the growing opportunities in West Africa’s oil and gas sector.
“In West Africa there is a lot of demand for servicing of oil and gas structures. We hope to increase volume and revenue there,” he said.
On its military vessel operation, he said its associate, Boustead Naval Shipyard Sdn Bhd, had successfully delivered two of six patrol vessels to the Royal Malaysian Navy and expected to deliver the remaining four by early 2010.
He added that the company hoped to secure the construction of 27 patrol vessels under the national privatisation programme.
For the financial year ended Dec 31, 2007, BHIC registered a pre-tax profit of RM82.1mil (before exceptional gains of RM392.8mil due to the waiver from financial institutions pursuant to its restructuring scheme). This is a significant improvement from the previous year’s pre-tax loss of RM89.9mil.
Turnover grew 45% to RM117.1mil from RM80.5mil in 2006, mainly due to a marked improvement in contributions from the group’s ongoing businesses and the share of profit from associate companies.
http://biz.thestar.com.my/news/story.asp?file=/2008/4/3/business/20832384&sec=business
____________________________________________________________________________________________
BHIC (03/03/2008)
S&P 目標價 $7.30
TA證券目標價 $10.80
http://biz.thestar.com.my/news/story.asp?file=/2008/3/3/business/20510148&sec=business |
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发表于 14-4-2008 06:50 PM
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BHIC真得是轉機股嗎？
BHIC過往紀錄非常糟糕！若它是轉機公司，那就以最新 2007年的業績來分析，看是否真有轉機？
2007年BHIC的淨利是RM 4億8千6百萬，但是，若扣除一次過的非經營收入3億9千2百萬，只有 9千3百萬。
其中BHIC的聯營公司貢獻了的 5千6百萬，但是其投資額才 1億1千萬，怎有可能有 5千6百萬，５１％的回酬？顯然這 5千6百萬是為了美化盈利的，是無法持續的，所以我大概推測聯營公司以後最多只能給BHIC１０％回報，即1千1百萬。
如此，BHIC實際收入只有4千7百萬，每股淨利32分。
BHIC有6千萬的經營現金流，因有聯營公司貢獻5千6百萬的緣故，所以實際上，未來不可能有這個數字；收賬天數是168天；所以不可能有良好的經營現金，即使以今年6千萬的經營現金計算，BHIC現在的財務狀況如下：平均每日消耗32萬經營費用，尚未計算財務開支等利息支出；
平均每日收取16.5萬現金；
尚欠15.5萬現金，才能收支平衡。
以資產計算，BHIC的帳面價值是８４分(2007年)，箇中主要細節有：
每股現金＝７２分，共1億6百萬，可支持333天；但是卻欠供應商1億2千萬，若收回客戶欠款5千3百萬，可得3千8百萬餘額，只能應付100天的經營開支，流動現金可謂不吃緊。
手中無存貨，顯示沒什麼大訂單和即將交付的船隻，未來盈利來源令人擔憂；
債務低，無須擔心。
綜合以上因素，BHIC未來獲取盈利的能力令人存疑。
若以極樂觀的16本益比計算，依據：－
S&P 對 BHIC的目標價是：$7.30（需要賺取6千8百萬，45.6分，帳面價值的8.69倍）
Ta證券 對BHIC的目標價是：$10.80（1億1百萬，67.5分，帳面價值的12.8倍）
各位股票人，您們認為可能嗎？
我還沒聽說過，船務製造業可以取得高逾帳面價值這麼高的股價倍數，請看看大馬的上市公司，有多少間可取得如此超高的倍數？船務製造業，怎可能？
顯然，S&P和Ta證券對BHIC的目標價，是脫離現實的。
欲進步交流，可直接瀏覽我的BLOG
to 黑俠 |
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发表于 14-4-2008 06:51 PM
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发表于 14-4-2008 08:01 PM
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原帖由 股友 于 14-4-2008 06:51 PM 发表 
太多类似主题，请善用搜寻工具。
他分享不是好事吗？ 提醒大家也好啊。。。。你很像不想他继续发表。  |
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发表于 14-4-2008 09:05 PM
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发表于 14-4-2008 09:40 PM
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发表于 15-4-2008 03:47 AM
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发表于 15-4-2008 09:17 AM
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我想大家误解股友的意思了。他的意思是我们其实鼓励大家在各股票的交流专区讨论。为何要这样呢？因为：
1. 我们想集中讨论，另外如果有网友要知道哪个股票的资料，就去她的交流专区爬贴即可；
2. 我们高亮交流专区的主题，并会一直保留她，各位网友的宝贵意见也可以保留下来，不会被大扫除掉。
因此如果大家想发表关于哪个股票的看法，可以到以下帖子参考：
股票交流专区, 个人专区, 专题讨论名单
http://chinese4.cari.com.my/myfo ... 8046&extra=page%3D1
不然也可用"搜寻"功能，搜寻相关股票的帖子。
看看是不是有相关股票的交流专区已经存在，如果没有，你可以开新帖讨论。
XXXXX
chookf兄的分享很好，我欣赏他的功课，请继续发表你的看法。如果有什么需要，请联络我们，我们会尽力说明，谢谢。
PS：我们不久将合并同样的股票题目，请谅解。谢谢。
[ 本帖最后由 Mr.Business 于 15-4-2008 09:19 AM 编辑 ] |
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发表于 15-4-2008 09:24 AM
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炒股一只。。。。。。。 |
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发表于 15-4-2008 10:03 AM
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原帖由 chookf 于 14-4-2008 06:50 PM 发表 
BHIC過往紀錄非常糟糕！若它是轉機公司，那就以最新 2007年的業績來分析，看是否真有轉機？
2007年BHIC的淨利是RM 4億8千6百萬，但是，若扣除一次過的非經營收入3億9千2百萬，只有 9千3百萬。
其中BHIC的聯營公 ...
支持分享 可以帮助我们学习 加油！ |
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发表于 15-4-2008 10:15 AM
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发表于 15-4-2008 02:43 PM
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楼主 |
发表于 25-4-2008 09:11 PM
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原帖由 chookf 于 14-4-2008 06:50 PM 发表
BHIC過往紀錄非常糟糕！若它是轉機公司，那就以最新 2007年的業績來分析，看是否真有轉機？
2007年BHIC的淨利是RM 4億8千6百萬，但是，若扣除一次過的非經營收入3億9千2百萬，只有 9千3百萬。
其中BHIC的聯營公 ...
聯營公司你沒調查清楚,至於現金流,我一點都不擔心 |
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楼主 |
发表于 10-5-2008 05:30 PM
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| Company Name | : | BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD | | Stock Name | : | BHIC | | Date Announced | : | 05/05/2008 |
| Financial Year End | : | 31/12/2008 | | Quarter | : | 1 | | Quarterly report for the financial period ended | : | 31/03/2008 | | The figures | : | have not been audited |
SUMMARY OF KEY FINANCIAL INFORMATION | 31/03/2008 |
| INDIVIDUAL PERIOD | CUMULATIVE PERIOD | | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | | 31/03/2008 | 31/03/2007 | 31/03/2008 | 31/03/2007 | | RM'000 | RM'000 | RM'000 | RM'000 | | 1 | Revenue | 100,981 | 14,690 | 100,981 | 14,690 | | 2 | Profit/(loss) before tax | 31,773 | 466 | 31,773 | 466 | | 3 | Profit/(loss) for the period | 31,442 | -56 | 31,442 | -56 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 31,142 | -317 | 31,142 | -317 | | 5 | Basic earnings/(loss) per share (sen) | 12.53 | -18.00 | 12.53 | -0.18 | | 6 | Proposed/Declared dividend per share (sen) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent (RM) | 0.9700 | 0.8400 |
http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF448257440003604F4?OpenDocument |
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发表于 10-5-2008 05:39 PM
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回复 34# blackcat98 的帖子
blackcat98股友,
請看一下現在公司剩下多少錢??
只不過3個月,現金就消耗了一半,
而且沒有半點CASH近來.
你說:-至於現金流,我一點都不擔心
這裡我免費教你一課,
一間盈餘連串新高的公司,會倒閉,
WHY?????
BECAUSE NO CASH!
記住,
現金是王!SHOW ME THE CASH. |
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楼主 |
发表于 10-5-2008 05:39 PM
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三個令我看好BHIC的理由:
1)管理層
2)未來潛在訂單
3)反虧為盈
給BHIC一點時間吧!!! |
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楼主 |
发表于 10-5-2008 05:55 PM
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回复 35# chookf 的帖子
choo先生,你好
你認為BHIC會因為缺錢而倒閉嗎?
我給2年時間都不會倒
生意是生的,數據是死的,遇山不轉是?的,肚子餓了不去找吃是?的. |
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发表于 10-5-2008 05:57 PM
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回复 37# blackcat98 的帖子
我沒說會倒閉?
畢竟是政治股,
但是,實在是......
不很放心
祝:好運 |
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发表于 10-5-2008 06:07 PM
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原帖由 chookf 于 10-5-2008 05:57 PM 发表 
我沒說會倒閉?
畢竟是政治股,
但是,實在是......
不很放心
祝:好運
但是海军船这种东西是每个国家都一定要的
就算政治改变了，国防是不会影响到很多的
尤其是海军这方面。
不过看来钢铁会一直上
会不会影响成本阿？
还是说那些起价的钱都是政府而外负的？
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楼主 |
发表于 10-5-2008 06:43 PM
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回复 38# chookf 的帖子
choo先生,
你有很geng的觀察力和基本面知識,
我自認基本功夫不及你,
但是我懂一個道理,
有時出"一陽指"半途還可以換"玉女劍法",
不是一定要"一陽指"打完才能換招,
再看大學教授,論理滿天飛,
現實戰績又如何??
基本面僅僅是一個參考,但不是全部,
以不變論理應萬變股市,難行的通,
無招勝有招才是王道,
可能大家以為我是基本派,雖然我用基本面介紹股票,
但我認為我不是,
我時常研究股票會加入某些邏輯(不方便透露),
本人基本功夫只學一兩招就出來行走江湖,
我就是靠三腳貓功夫出來騙吃騙吃 |
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