Tiong Woon Corp

Broker's Calls

Lim & Tan maintain 'buy' call and 88 cents target price on Tiong Woon Corp

The analysts are projecting margin expansion, increased profitability and dividends

Results

Tiong Woon reports higher revenue but lower earnings on unfavourable forex

Tiong Woon shares last traded at 47 cents, versus NAV of $1.23 per share.

Insider moves

Mooreast’s chairman and CEO buy shares; Tiong Woon and ComfortDelGro in buybacks

Mooreast's chairman, and CEO bought shares after the company announced that earnings for 1HFY2022 more than doubled

Results

Tiong Woon Corp reports FY2022 earnings of $11.4 million, up 15% y-o-y

The company plans to pay a final dividend of 0.35 cent per share, plus a special dividend of 0.15 cent.
UOB Kay Hian initiates ‘buy’ on Tiong Woon Corp amid construction sector upturn - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian initiates ‘buy’ on Tiong Woon Corp amid construction sector upturn

Cheong estimates that Tiong Woon’s crane rental rates are to grow around 10% for FY2022-FY2024
Tiong Woon heavy crane

Tiong Woon sinks into losses in 3Q

SINGAPORE (May 11): Heavy lift specialist Tiong Woon Corp sunk into a 3Q16 loss of $0.2 million from earnings of $2.3 million in 3Q15 on higher finance expenses and higher other losses.
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