Posted by usry > 2013-10-23 17:18 | Report Abuse

profit is double.. so fundamental still strong.. will sell half and keep half..

Posted by mysterious99 > 2013-10-24 08:32 | Report Abuse

triple profit.... FV 1.50

Posted by avenger88 > 2013-10-24 08:37 | Report Abuse

Today break rm1

Posted by lee9fold > 2013-10-24 10:06 | Report Abuse

whats dat

Posted by lee9fold > 2013-10-24 10:09 | Report Abuse

sudden huge volume go in

Posted by steviebull > 2013-10-24 10:14 | Report Abuse

time to break RM1

Posted by JTFX > 2013-10-24 10:25 | Report Abuse

profit catalyst for another up leg...??

Posted by Hafiz_444 > 2013-10-24 10:26 | Report Abuse

sold out rm1..bye bye

Posted by EVEL > 2013-10-24 10:38 | Report Abuse

sifu TM932 nt around ka? wats the tp fr tas today ?

Posted by androsjy > 2013-10-24 10:48 | Report Abuse

anyone dare to re-enter

Posted by steviebull > 2013-10-24 10:50 | Report Abuse

i think the price surge is due to good financial quarter report, why not enter ? any suggestions ?

Posted by yong > 2013-10-24 10:52 | Report Abuse

i just enter.....

Posted by Hafiz_444 > 2013-10-24 10:53 | Report Abuse

do not think any fat meat if enter now , might be after next quarter

Posted by EVEL > 2013-10-24 10:54 | Report Abuse

worried price might drop,,one hit wonder kinda thing

Posted by sd99 > 2013-10-24 11:03 | Report Abuse

http://www.theedgemalaysia.com/business-news/259841-tas-reports-three-fold-increase-in-earnings.html

Posted by hobson64 > 2013-10-24 11:24 | Report Abuse

TAS is in for upgrade

Posted by trustme932 > 2013-10-24 11:32 | Report Abuse

EVEL..was trying to recall when n how did i get the final target of 1.09-1.11 which i mentioned b4....I wont advise to take risk here for the aforesaid target.The 5 wave sequence shud be over soon n retracement target on the downside shud be seen at 0.90 first.

Posted by ykinvestor > 2013-10-24 11:33 | Report Abuse

New TP is now 1.57 http://klse.i3investor.com/blogs/rhb/39142.jsp

Posted by hobson64 > 2013-10-24 11:37 | Report Abuse

new TP is in line with its next quarter projection.....more shipbilding projects to be completed next quarter.TAS is in for upgrade!

Posted by EVEL > 2013-10-24 11:42 | Report Abuse

thanks TM932, will monitor n see..

Posted by CityTrader > 2013-10-24 11:44 | Report Abuse

Trustme932, price has hit our TP=1.02 (yours) & 1.04(mine). Congrats to both of us !!!

Posted by yong > 2013-10-24 11:48 | Report Abuse

Will it hit 1.10 by today???

Posted by nubhan . > 2013-10-24 12:41 | Report Abuse

TAS in my radar also. I will enter around 96 cents.

Posted by steviebull > 2013-10-24 13:53 | Report Abuse

i will consider another time of average up too, my TP of RM1 has reached as well

Posted by excelyou > 2013-10-24 13:54 | Report Abuse

TAS management went to China to secure 8 contracts value at RMB513 million

Posted by steviebull > 2013-10-24 14:02 | Report Abuse

excelyou, where is the source of your info ?

Posted by trustme932 > 2013-10-24 14:13 | Report Abuse

Lets c,hope u wont get trapped in the "buy on rumours n sell on facts" situation.

Posted by trustme932 > 2013-10-24 15:13 | Report Abuse

sori,the 1st retracement target shud be 0.93 n not 0.90.Under 0.93,wud c 0.865.

Posted by EVEL > 2013-10-24 15:25 | Report Abuse

yeah tm932, not repeating another gpacket history here.tq

Posted by EVEL > 2013-10-24 15:28 | Report Abuse

and tm932, wch indicators u usually use fr yr charting?nwebie here..have to follow u guys fr a bit :)

Posted by scottywhyte1897 > 2013-10-24 15:31 |

Post removed.Why?

Posted by excelyou > 2013-10-24 16:20 | Report Abuse

steviebull: business associate working in Labuan offshore

Posted by minitrader > 2013-10-24 17:25 | Report Abuse

RHB investment note this morning...

TP/FV:RM1.57 based on PER of 12x FY14F EPS of 13.1 sen.

Although TAS’ MYR5.3m 1QFY14 core net profit only accounted for 23% of our full-year estimate, due to lower sales recognition on its projects, we do not view this as a concern. The company is backed by a strong MYR372m orderbook, which is equivalent to 2.7x of its FY13 revenue. Its quarterly earnings also surged by more than twofold on the back of a 67% y-o-y jump in revenue, mainly due to the reversal of a MYR3.3m trade receivables impairment loss and a MYR1.8m foreign exchange gain. Excluding the impairment loss reversal, net profit growth was still at an impressive 95% y-o-y. Thus, we maintain our BUY call on TAS, with a higher FV of MYR1.57, pegged to a higher target P/E of 12x. We deem this valuation as fair, as it implies a low 3-year average PEG of 0.13x. The company’s fundamentals remain unchanged too, underpinned by its strong orderbook, positive growth prospect in the oil & gas (O&G) sector and its ability to capitalise on Labuan’s low-tax system.

Stronger y-o-y results. While TAS’ 1QFY14 core net profit of MYR5.3m accounted for only 23% of our full-year target, we maintain our forecasts on the company for now, as its revenue tends to fluctuate according to its project progress billings, which we believe is not a concern. Our view is backed by its strong orderbook of MYR372m, which is equivalent to 2.7x of its FY13 revenue of MYR138m. Normally, TAS will only recognise a huge portion of its billings upon the delivery of a vessel. Hence, we should see greater sales recognition in the coming quarters. On a y-o-y comparison, net profit surged by more than twofold to MYR8.5m, on the back of a 67% jump in revenue to MYR29.6m. The better results were mainly due to the reversal of an impairment loss on trade receivables of MYR3.3m and foreign exchange gains of MYR1.8m. If you strip off the impairment loss reversal, the company still reported an impressive net profit growth of 95% y-o-y.

Stronger q-o-q bottomline. TAS reported lower q-o-q revenue on quarterly basis, down by 39% to MYR29.6m in 1QFY14. This was primarily due to a sales recognition of one anchor handling tug supply (AHTS) vessel in 4QFY13. Nevertheless, its MYR8.5m bottomline was 177% higher q-o-q, due to the aforementioned impairment loss reversal and foreign exchange gains. When you strip off the former, earnings growth was still higher at 71% q-o-q.

Healthy orderbook, more in the pipeline. To date, TAS has secured a total orderbook of MYR372m. We understand that the company is still actively in talks with potential customers for more contracts. Earlier this month, it sold an AHTS vessel to a new Indonesian customer for MYR38m, indicating that TAS is now able to expand its customer base by penetrating into the Indonesian O&G market.

Maintain BUY, FV raised to MYR1.57. We are introducing our FY15 forecast. In view of the stronger growth in TAS’s 1QFY14 results, we are raising our FV to MYR1.57, based on FY14F EPS of 13.1 sen that is pegged to a 12x P/E – a 25% discount to its 4-year average P/E of 16x. We deem this valuation as fair, given that, at 12x P/E, this implies a low 3-year average PEG ratio of 0.13x. Furthermore, there is a possibility that the company will secure more contracts which could contribute for the FY15f performance and the FY15f’s PER is now projected at only 6.6x based on 11.5% organic earnings growth. All in all, TAS’s fundamentals remain unchanged, underpinned by its strong orderbook, positive growth prospects in the O&G sector and its ability to capitalise on Labuan’s low-tax system.







Source: RHB

Posted by charleston > 2013-10-24 17:55 | Report Abuse

"The company is backed by strong orderbook of MYR372m, equivalent to 2.7x of its FY13 revenue" this is a strong enough reason tht it will rise and shine

Posted by trustme932 > 2013-10-25 10:26 | Report Abuse

EVEL...m a wave analyst.

Posted by EVEL > 2013-10-25 10:33 | Report Abuse

ok...will try to study wave as well,,now using the bollinger and TAS looks like out of band...but price stil going up..hihihi so basically means my charting is off :/

Posted by shawn3333 > 2013-10-25 14:38 | Report Abuse

looks like uptrend still on...

Posted by trustme932 > 2013-10-25 14:39 | Report Abuse

buying n selling same people lah,juz want u to follow or buy on dips later for them to dispose off their shares b4 going for winter holidays in Swiss.

Posted by trustme932 > 2013-10-25 14:40 | Report Abuse

juz ignore it n c how long they can hold at higher levels.

Posted by Abang Mat > 2013-10-25 14:40 | Report Abuse

go..go..go..

Posted by Abang Mat > 2013-10-25 14:43 | Report Abuse

yes tp 1.57

Posted by yong > 2013-10-25 14:47 | Report Abuse

trustme932 : WAT IS UR TP??

Posted by trustme932 > 2013-10-25 14:56 | Report Abuse

1.09-1.(my final tp given in the posting)is already overextended the normal extended wave...current upwave already covers the final upwave...unless we c some reasonable downward correction,dont think of fishing the bottom.

Posted by tigerroar > 2013-10-25 15:08 | Report Abuse

Too risky if go in now as buying and selling are the same group of people.

Posted by trustme932 > 2013-10-25 15:12 | Report Abuse

they make it in such a way that u have to line up or juz take their offer.

Posted by yong > 2013-10-25 15:16 | Report Abuse

hw u noe buyer n seller is the same group???

Posted by trustme932 > 2013-10-25 15:41 | Report Abuse

today is the highest vol buyer n seller...unless u r the buyer all the way down,nothing more i can say.

Posted by trustme932 > 2013-10-25 15:43 | Report Abuse

yong hw...try to bid 100k at 1.11,u will be given straight away,no need to line up.

Posted by yong > 2013-10-25 15:49 | Report Abuse

okok....thanks trustme932

Posted by trustme932 > 2013-10-25 15:52 | Report Abuse

hehe,juz joking.