Posted by Zachzach > 2024-06-06 10:52 | Report Abuse

go go TAS

Posted by investorbat > 2024-06-10 15:15 | Report Abuse

next 0.83,stay above 0.80 today good

Posted by Zachzach > 2024-06-11 13:25 | Report Abuse

hoping to break 0.9 soon !!

Posted by investorbat > 2024-06-21 09:26 | Report Abuse

business very good,buy and expending

Posted by investorbat > 2024-06-21 09:39 | Report Abuse

buy land

Posted by mf > 2024-07-26 09:31 | Report Abuse

sell

Posted by investorbat > 2024-07-26 09:42 | Report Abuse

This Q less vessel delivered,guess only 1 vessel because revenue 4mil only ,next Q will be more as they secured more than 200mil of contract and estimated to be fully delivered end of next year.Each Q will be 30mil above if divided by 6Q.Buying at this level is cheap plus 1 sen dividend

Posted by mf > 2024-07-26 10:19 | Report Abuse

run

Posted by teknikal > 2024-07-26 14:52 | Report Abuse

oversold based on MACD and RSI at 65 sen, time to rebound

Posted by roger3210 > 2024-07-26 16:58 | Report Abuse

next q will be surprisingly strong as delivery delayed to current quarters. imagine combining delivery of 2 quarters into 1, what will be the revenue n profit. go do the maths youself

Posted by Abram66 > 2024-08-15 11:24 | Report Abuse

We will find out in Oct , turning green is highly anticipated

Posted by roger3210 > 3 weeks ago | Report Abuse

strong QR coming

Posted by roger3210 > 3 weeks ago | Report Abuse

TAS Offshore (TOB MK, NOT RATED, FV: MYR0.96) Follow up note

♦️ Why lower? The lower quarterly revenue and profit were primarily due to the absence of vessel deliveries in 4Q24, as the five scheduled tugboat deliveries were postponed from May to June. This delay resulted from the Indonesia Raya celebration in April and May, leading to a higher inventory level of MYR94.8m, up 22% quarter-on-quarter, as noted in the quarterly announcement.

♦️ What will happen next? Following my follow-up with management this morning, two of the delayed tugboats were delivered in July, and the remaining three are expected to be delivered in August, pending customer approval and payment. Additionally, there should be another two or more tugboats delivered next month, aside from the five backlog tugboats. The Board remains optimistic about its prospects as the Group is well-positioned to benefit from the steady development of mining
industry and strong client base in Indonesia. The Group has also acquired additional land of 14.4 hectares for capacity expansion expected to commence by FY26F.

♦️ Consequently, the Group delivered only 10 tugboats in FY24, compared to our forecast of 14, resulting in a profit of MYR9.6m versus our previous FY24 forecast of MYR13m.

♦️ Orderbook more than double of FY24 revenue. The outstanding order book currently exceeds MYR200m, with no order cancellations to date. Looking ahead, we anticipate the Group will deliver 18 tugboats in FY25, including the delayed units, and thus maintain our FY25 forecast of MYR17.3m.

♦️ Valuation. The stock is currently trading at 6.9x FY25F P/E vs our target P/E of 10x.

Posted by UnicornP > 2 weeks ago | Report Abuse

Looks good to rally.

Posted by kambingbursa > 2 days ago | Report Abuse

80c soonnnnn