Kian Ann Engineering

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#10
(24-08-2011, 05:45 PM)secretinvestors Wrote: Browsed through the financial statement and its looks fairly good and stable. Dividend yield seems very reasonable. The ultimate shock I got was that the price now seems to be a HUGE bargain as viewed from both its earning power and its assets!

Would really like some comments about this stock!

I once did a preliminary study as part of a management consultancy project for one of their competitors. Currently they all are experiencing a boom in their business as there is a Resource(mining and forestry) boom globally in the last couple of years. Buying a stake in them is a bet on the continuation of this resource boom and the resource industry is highly correlated to the global economy which at the moment is facing strong headwinds.

at the company level, their business is very capital intensive as they have to stock up on so many spare parts. margins are not that great as the major principals (likes of caterpillar, komatsu etc) is not going to give away fat margins to you. good thing is that customers will also come back to you to get reqd spare parts as there are not that many alternatives unlike your car spare parts where you can buy cheaper alternatives.so monitor the ROA and FCF/sales closely.

given their business model don't expect this to be a multi bagger and expect boom and bust earnings along with the globally economy.

not vested

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Messages In This Thread
Kian Ann Engineering - by SLC81 - 12-02-2011, 12:17 AM
RE: Kian Ann Engineering - by lonewolf - 12-02-2011, 10:42 AM
RE: Kian Ann Engineering - by corydorus - 12-02-2011, 10:53 AM
RE: Kian Ann Engineering - by Musicwhiz - 12-02-2011, 04:13 PM
RE: Kian Ann Engineering - by Jon-san - 12-02-2011, 03:54 PM
RE: Kian Ann Engineering - by corydorus - 12-02-2011, 04:42 PM
RE: Kian Ann Engineering - by secretinvestors - 24-08-2011, 05:45 PM
RE: Kian Ann Engineering - by Jacmar - 12-10-2011, 09:10 AM
RE: Kian Ann Engineering - by mrEngineer - 12-10-2011, 08:14 PM
RE: Kian Ann Engineering - by secretinvestors - 29-08-2011, 08:16 PM
RE: Kian Ann Engineering - by secretinvestors - 11-10-2011, 11:50 PM
RE: Kian Ann Engineering - by corydorus - 12-10-2011, 05:17 PM
RE: Kian Ann Engineering - by secretinvestors - 13-10-2011, 10:31 AM
RE: Kian Ann Engineering - by Nick - 23-11-2011, 11:05 AM
RE: Kian Ann Engineering - by corydorus - 23-11-2011, 11:57 AM
RE: Kian Ann Engineering - by Jacmar - 23-11-2011, 12:21 PM
RE: Kian Ann Engineering - by corydorus - 23-11-2011, 01:21 PM
RE: Kian Ann Engineering - by Nick - 23-11-2011, 02:34 PM
RE: Kian Ann Engineering - by Nick - 13-04-2012, 04:39 PM
RE: Kian Ann Engineering - by freedom - 13-04-2012, 07:30 PM
RE: Kian Ann Engineering - by corydorus - 14-04-2012, 02:02 PM
RE: Kian Ann Engineering - by SLC81 - 16-08-2012, 07:49 PM
RE: Kian Ann Engineering - by secretinvestors - 17-08-2012, 11:33 AM
RE: Kian Ann Engineering - by Nick - 17-08-2012, 10:52 AM
RE: Kian Ann Engineering - by Drizzt - 17-08-2012, 12:00 PM
RE: Kian Ann Engineering - by lonewolf - 17-08-2012, 02:11 PM
RE: Kian Ann Engineering - by crabcrab - 17-08-2012, 07:42 PM
RE: Kian Ann Engineering - by lonewolf - 17-08-2012, 08:55 PM
RE: Kian Ann Engineering - by Musicwhiz - 17-08-2012, 09:29 PM
RE: Kian Ann Engineering - by crabcrab - 17-08-2012, 10:06 PM
RE: Kian Ann Engineering - by Musicwhiz - 25-08-2012, 07:00 PM
RE: Kian Ann Engineering - by crabcrab - 12-09-2012, 07:44 PM
RE: Kian Ann Engineering - by crabcrab - 13-09-2012, 07:34 PM
RE: Kian Ann Engineering - by lonewolf - 15-10-2012, 04:47 PM
RE: Kian Ann Engineering - by corydorus - 15-10-2012, 07:41 PM
RE: Kian Ann Engineering - by lonewolf - 15-10-2012, 08:37 PM
RE: Kian Ann Engineering - by SLC81 - 15-10-2012, 08:52 PM
RE: Kian Ann Engineering - by investright - 22-10-2012, 10:35 PM
RE: Kian Ann Engineering - by Some-one - 15-10-2012, 08:03 PM
RE: Kian Ann Engineering - by lonewolf - 17-01-2013, 06:28 PM
RE: Kian Ann Engineering - by Hans - 17-01-2013, 09:27 PM
RE: Kian Ann Engineering - by investright - 17-01-2013, 10:00 PM
RE: Kian Ann Engineering - by Andrewgoh - 18-01-2013, 11:02 AM

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