Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
lol, Andy. not sure if it's yummy or not but it's a safe 3 months until the next performance. After all, there's funds/institutions inside and let them do what they are best at :)
The balance sheet is indeed good, Andy. this industry is cyclical in nature and having a strong balance sheet and healthy order book are important. TRC has approx 400M unbilled book order as of end of 2023 and they have secured approx 500M new projects in current year; that makes it approx 900M order books on hands. Construction statistics are looking good and if you can recall budget 2024, there's a big chunk allocated to development expenditure - billions of mega projects :)
Lol, Andy. Enjoy Euro 2024 games first. Need not worry about your positions here at the moment unless you want to continue adding positions at current's attractive price :)
lets just wait patiently. importantly is the sum of book orders. Its estimated at 900M now and will be nice to stretch all the way to 1.2bil and above. Every new contract received will add up to the current 900M.
Noted Cheng
I am impressed on TRC fundamental
giving in a construction, never seen a counter like this.
Will continue to follow whether any contract improvement or not
and eyeing opportunity to start my position
Indeed, t&s; net cash if you will. It is in the progress of book orders replenishment phase; slightly more than 1bil now. The next contract award will probably send its total book orders to beyond 1.2bil which will be nice. Give it some time to unlock its value.
Ng hoping to buy back at lower price? Lol, no pun intended. I am hoping to add at lower forties too; before any new contracts announcement. Equally willing to average up upon new contract announcement :)