TAT HONG HOLDINGS LTD
T03.SI
Tat Hong Holdings: Expects a loss for 3QFY16
- Tat Hong issued a profit guidance yesterday evening for its 3QFY16 results.
- The group expects to report a loss for the quarter due to costs and provisions associated with exiting the excavator distribution business in Indonesia, weak performance from its Australian operations as well as foreign exchange losses.
- These factors have been dragging earnings for the past few quarters.
- Recall that the group's 1HFY16 PATMI was S$7.2m, while we were forecasting PATMI for FY16F at S$12.5m.
- Results will be released on 12 Feb after market close.
- As we wait for further details on the extent of such losses, we currently have a HOLD rating and fair value estimate of S$0.56 on the stock.
Jodie Foo
OCBC Securities
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http://www.ocbcresearch.com/
2016-01-28
OCBC Securities
SGX Stock
Analyst Report
0.56
Same
0.56
