TAS (5149)
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TAS
has today re-enacted its last run up today with a forceful momentum. It
closed the morning session at 0.745 for an impressive 4.5 cents gain.
In the last run up on 9th Dec 2015; it made a high of 0.79. I
believe it will try to break this 0.79 level in order for it to tread
to my 1st TP 1.00 in the near term.
The next major resistance of 0.83 which is also the 52-week high.
TAS offshore is a fundamentally good counter.
Market Capital (RM) : 134.10m
EPS (cent) : 8.79 *
P/E Ratio : 8.48
Par Value (RM) : 0.500
Number of Share : 180.00m
NTA (RM): 1.170
Dividend (cent) : 2.000
Dividend Yield (%): 2.68
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
What is the possible reasons for this sudden upsurge in price and volume?
The
feel good SARAWAK ELECTION THEME PLAY, which has witness most Sarawak
counter to be in play which was hinted by the Sarawak Chief Minister on 7
Dec 2015; to be very soon. If this election play to be continuous; I
foresee a higher TP of 1.20 to 1.50 before the election.
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Background
We
were incorporated in Malaysia on 18 March 2008 under the Act as a
public limited company under the name of TAS Offshore Berhad. We were
incorporated as an investment holding company to facilitate the Listing
and commenced operations through the acquisition of Tuong Aik Shipyard
Sendirian Berhad (TAS) on 3 April 2009.
Through our wholly-owned
subsidiary, TAS, we are involved in shipbuilding and ship repairing. Our
history can be traced back to 1977 with the incorporation of Tuong Aik
(Sarawak) Sendirian Berhad (TASSB). TASSB was initially a supplier of
marine coatings and a provider of shipping services before diversifying
into shipbuilding and ship repairing in 1991. In 2002, TAS was
incorporated to undertake shipbuilding and ship repairing activities.
TAS initially started with ship repairing activities before the
shipbuilding and ship repairing operations of TASSB were transferred to
TAS in 2004. Datuk Lau Nai Hoh is the Managing Director and founder of
our Group. Since the commencement of the shipbuilding operations of
TASSB in the early 1990s, Datuk Lau Nai Hoh has been instrumental in the
growth and development of our Group.
With approximately 17 years of
experience in the Shipbuilding Industry, Datuk Lau Nai Hoh has
successfully led the Group to become a reputable player in the industry.
In 2004, TAS acquired its current shipbuilding yard covering 12.3 acres
in Sungai Bidut in Sibu, Sarawak. The yard provides us with the
capacity to construct an average of 23 units of vessels per year (actual
number will depend on the types of vessel constructed) based on an
eight (8)-hour shift.
We have the capabilities to construct a range of
vessels including Tugboats, Anchor Handling Vessels, landing craft,
barges, ferries, workboats, utility/ support vessels and offshore supply
vessels. The vessels that are constructed by us are built in accordance
with stringent international maritime standards. We currently construct
vessels under the governance of Bureau Veritas, Nippon Kaiji Kyokai,
and Germanisher Lloyd classification bodies.
Our achievements have been
recognised by external bodies whereby in 2006, TAS was awarded "2nd
Position out of the Top 10 Golden Bull Award 2006? organised by Nanyang
Siang Pau, Malaysian Chinese language daily newspaper. As part of our
emphasis on quality, TAS received ISO 9001:2000 certification on 23
August 2007 issued by Bureau Veritas Certification Malaysia. (sourced
by: http://www.tasoffshore.com/corporate-profile/history-and-business)
Website:
http://www.tasoffshore.com/
Website:
http://www.tasoffshore.com/
HAPPY TRADING & GOOD LUCK
BURSAMASTER
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TAS (5149) - TAS : CAN IT RE-ENACT ITS RECENT RUN UP AND TREAD HIGHER THEREAFTER.
http://klse.i3investor.com/blogs/BURSAMASTERBULLSEYE/88888.jsp
KLSE:TAS
