Tiong Woon's Services-Demand Outlook Seems Positive -- Market Talk

Dow Jones09-26

0726 GMT - Tiong Woon Corp.'s demand outlook for its services looks positive, UOB Kay Hian analysts say in a research report as they maintain the stock's buy rating. Management remains positive on buoyant demand for its heavy-lift and haulage services in Singapore, especially in the petrochemical and construction sectors, and in other markets like India, Saudi Arabia and Thailand, the analysts note. The heavy-lift specialist is likely to continue adding higher-margin heavier tonnage cranes to its fleet with its pipeline of business opportunities, the analysts add. However, the brokerage cuts its FY 2025 and FY 2026 revenue estimates for the company by around 11% as project delays in the construction industry may persist. It also trims the target price to S$0.87 from S$0.97. Shares are 1.0% lower at S$0.505. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 26, 2024 03:26 ET (07:26 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2470062270?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-26 15:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2470062270","market":"sh","top_or_hot":-1,"title":"Tiong Woon's Services-Demand Outlook Seems Positive -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0726 GMT - Tiong Woon Corp.'s demand outlook for its services looks positive, UOB Kay Hian analysts say in a research report as they maintain the stock's buy rating. Management remains positive on buoyant demand for its heavy-lift and haulage services in Singapore, especially in the petrochemical and construction sectors, and in other markets like India, Saudi Arabia and Thailand, the analysts note. The heavy-lift specialist is likely to continue adding higher-margin heavier tonnage cranes to its fleet with its pipeline of business opportunities, the analysts add. However, the brokerage cuts its FY 2025 and FY 2026 revenue estimates for the company by around 11% as project delays in the construction industry may persist. It also trims the target price to S$0.87 from S$0.97. Shares are 1.0% lower at S$0.505. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 26, 2024 03:26 ET (07:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiong Woon's Services-Demand Outlook Seems Positive -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiong Woon's Services-Demand Outlook Seems Positive -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-26 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0726 GMT - Tiong Woon Corp.'s demand outlook for its services looks positive, UOB Kay Hian analysts say in a research report as they maintain the stock's buy rating. Management remains positive on ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6054","symbol_name":"综合支持服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2470062270","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470062270","pubTimestamp":1727335560,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0726 GMT - Tiong Woon Corp.'s demand outlook for its services looks positive, UOB Kay Hian analysts say in a research report as they maintain the stock's buy rating. Management remains positive on buoyant demand for its heavy-lift and haulage services in Singapore, especially in the petrochemical and construction sectors, and in other markets like India, Saudi Arabia and Thailand, the analysts note. The heavy-lift specialist is likely to continue adding higher-margin heavier tonnage cranes to its fleet with its pipeline of business opportunities, the analysts add. However, the brokerage cuts its FY 2025 and FY 2026 revenue estimates for the company by around 11% as project delays in the construction industry may persist. It also trims the target price to S$0.87 from S$0.97. Shares are 1.0% lower at S$0.505. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6054":"综合支持服务","BQM.SI":"长运","BK6504":"工业制品概念"},"translate_title":"Tiong Woon的服务-需求前景似乎乐观——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BQM.SI":0.9},"content_text":"0726 GMT - Tiong Woon Corp.'s demand outlook for its services looks positive, UOB Kay Hian analysts say in a research report as they maintain the stock's buy rating. Management remains positive on buoyant demand for its heavy-lift and haulage services in Singapore, especially in the petrochemical and construction sectors, and in other markets like India, Saudi Arabia and Thailand, the analysts note. The heavy-lift specialist is likely to continue adding higher-margin heavier tonnage cranes to its fleet with its pipeline of business opportunities, the analysts add. However, the brokerage cuts its FY 2025 and FY 2026 revenue estimates for the company by around 11% as project delays in the construction industry may persist. It also trims the target price to S$0.87 from S$0.97. Shares are 1.0% lower at S$0.505. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 26, 2024 03:26 ET (07:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470062270"}