TTJ Holdings

[BlueKelah]

Updating ...

T T J Holdings Limited announced today that it has secured new contracts worth $12 million in Singapore and Malaysia. With these, the Group’s order book as at 07 December 2016 stands at $42 million

The new projects, a few of which the Group has already commenced work, are expected to be substantially delivered between FY2017 to FY2018.

In Singapore, T T J has secured another contract to supply and install the fixed gangway at Changi Airport Terminal 1, following its first Terminal 1 gangway project in October 2014. Separately, T T J has secured a contract to supply, fabricate and install structural steelwork at Choa Chu Kang Waterworks. The Group also clinched the job to supply a series of civil defence shelter doors for the MRT ThomsonEast Coast Line.

Over in Malaysia, the Group won a contract from a repeat customer to supply, fabricate and install structural steelwork for the refinery and petrochemical integrated development project in Pengereng, Johor. This marks the third job T T J has won for this mega project in Pengerang, Johor.

The quarterly result was out as well. This could be the 2nd last quarter with dormitory top and bottom line.
They are now really swimming in cash!!
The scenario of waiting for substantially lower profit in Q3 and Q4 to delist is still on track (just thinking out loud, hopefully it won't happen).
It is really one-too-many of Spore Exchange's listed companies to have so many low ball delisting offers. Really hope that will not be what we associate Sgx with.

<vested, reduced>

Orderbook still less than last quarter which was at 48m. and will still be unable to sustain top line of 25m+/quarter. Without dorm. revenue or significant orderbook incoming, top line will be 10m+ only in coming quarters.

Yup those holding will have a lower profit Q3 & Q4 to look forward, if coupled with a local recession may hit stock prices even more. As I said before, delist when stock price go down is a no brainer for TTJ boss.

Good thing for holders is net cash sits ~85% of Mcap, company is trading now at NAV and cash will likely increase as the company ramps down. Probably a good time to profit take whilst market is still high on Trump and bond money is flowing back into stocks.