PSL Holdings

PSL Holdings

Postby winston » Mon May 26, 2008 10:41 pm

Not vested. From BT:-

PSL supplies construction hardware and crawler cranes and also provides geotechnical engineering services. Its revenue slightly more than doubled in FY2007 to $53 million while profit tripled to $7.4 million. Earlier this month, it announced a batch of new foundation engineering projects worth $13 million that pushed its order book to $18 million.

Like SMB, only one research house covers PSL - Westcomb Financial. In a 'buy' issued after the company disclosed its order book, Westcomb pointed out that at 18.5 cents, PSL's shares traded at only 3.2 and 2.6 times estimated FY08 and FY09 earnings. It believes that PSL deserves to trade at an earnings multiple of at least five times FY08 earnings, which translates to a share price of 29 cents.

Westcomb believes there is a merger and acquisition angle to the PSL story that makes it interesting. An added incentive to take a closer look at PSL is that its present profit performance qualifies it to apply for an upgrade to the mainboard which, if it occurs, would justify even higher multiples.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: PSL Holdings

Postby winston » Mon Nov 21, 2011 8:27 am

not vested. What has Construction and Coal Mining have in common ?

Singapore construction firm PSL Holdings said on Monday it was preparing the relevant documents to diversify into the coal-mining business.

The company said it will be seeking shareholders' approval on the diversification.

Source: Reuters
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Re: PSL Holdings

Postby winston » Tue Nov 29, 2011 3:12 pm

not vested

Singapore engineering services firm PSL Holdings Ltd plunged as much as 33 percent, triggering a regulatory query on the sharp decline.

The firm said it was not aware of any reason for the drop.

UOB Kay Hian asked its clients to put up cash upfront to buy the stock if the trade is more than S$30,000, three traders told Reuters.

It was unclear why the broker imposed the restriction.

UOB Kay Hian was not immediately available to comment.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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