Overview
KS Energy expertise in oil and gas capital equipment & related projects to major oil companies in Asia, Scandinavia, North America as well as the Middle East.
KS Energy Services Limited, an energy services company, distributes oil and gas-related products worldwide. It supplies and distributes approximately 60,000 oil and gas related products, including hydraulic equipment, instrumentation, valves, and spare parts primarily to the oil and gas, marine, mining, and petrochemical industries. The company also assembles and trades electrical engineering goods, electronics appliances, and heavy equipment; provides marketing and project-based procurement services; oilfield support, engineering, and consultancy services; and repair, fabrication, and maintenance of pump and seals. In addition, KS Energy offers offshore and rig services; leases equipment to the oil and gas industry; distributes electronic motor, machinery, electronic equipment, and chemicals; supplies and services industrial/marine hoses, fittings, and related products; and engages in the design, engineering, fabrication, system integration, and trading of engineering products. Further, the company engages in the ship handling, sale of marine spares equipment, trading of marine-related products, provision of marine-related services, and testing and certification services for related marine, offshore, and construction products. KS Energy operates through its subsidiaries and representative offices in Singapore, China, Vietnam, Thailand, Qatar, United Arab Emirates, the United States, Malaysia, Hong Kong, and Mauritius. The company, formerly known as KS Tech, Ltd., was founded in 1974 by Tan Kim Seng. It changed its name to KS Energy Services Limited in 2005. KS Energy is headquartered in Singapore
Rig Capital Equipment Projects
Combined KS Energy services - Atlantic oilfield services rig fleet
1. KS Challenger I & II
2. KS Challenger III
3. KS Discoverer I
4. KS Discover II
5. Land Rig#6
6. KS BR-1
7. Dixie Patriot
8. Titan 1
9. Titan 2
10. KS Venture
11. Super M2
12. Yu Song
13. Atlantic Rotterdam
14. Atlantic Beta
15. KS Explorer
16. Harta-1
17. Land Rig#7
18. Atlantic Esjberg
19. Bennevis
20. Atlantic Venture
Strategy Analysis
Competitive Edge
1) Cost leadership
2) Product differentiation
Durability
1) Rivalry among exisiting firms
2) Threat of new entrants
3) Threat of substitute products
4) Bargaining power of buyers
5) Bargaining power of suppliers
Questions
1) What is the relationship between SembCorp Marine and Cosco Corp. Competititor or Ally?
News
16 Oct 2007
KS Energy Services Limited announced that KS Energy had acquired a shelf company known as ‘KS Oil Rig Services Inc.’ (“KS Oil Rig”) which was incorporated in the British Virgin Islands with an authorised share capital of US$50,000.00 divided into 50,000 shares of US$1.00 each. KS Oil Rig is a wholly-owned subsidiary of KS Energy with effect from 3 July 2007. The paid-up share capital of KS Oil Rig will be US$50,000.00. The principal activity of KS Oil Rig is that of an investment holding company for the purpose of seeking business opportunities in the USA and Gulf of Mexico. The abovementioned transaction was funded by internal resources.
News
EPS is 0.03(Y02), 0.04(Y03), 0.09(Y04), 0.14(Y05), 0.21(Y06), 0.31(Y07)
Price range is 0.22-0.495(Y03), 0.345-0.717(Y04),0.487-2.222(Y05),1.85-2.76(Y06), 2.43-3.58(Y07)
PE ratio range is 5.5-12.4(Y03), 3.8-8.0(Y04), 3.5-15.9(Y05), 8.8-13.2(Y06), 7.8-11.6(Y07)
Y08 est EPS 0.18-0.33. medium is 0.28
Using past PE range of 3.8-15.9,
and Y08 est EPS (0.28), price range is 1.064-4.452
2May08, 1.73. HPE 5.5, TPE 6.17. 20% est range.
Ratios
Profitibility ____ Y07
Operating Margin _ 24%
Monday, December 24, 2007
Sunday, December 23, 2007
Yang Zi Jiang
Strategy Analysis
Competitive Edge
1) Cost leadership
2) Product differentiation
Durability
1) Rivalry among exisiting firms
2) Threat of new entrants
3) Threat of substitute products
4) Bargaining power of buyers
5) Bargaining power of suppliers
Fundamental Analysis
Financial Ratios:
1) Earnings per shares:
2) Price to earnings ratio: Current, History and Forward. Industry
Competitive Edge
1) Cost leadership
2) Product differentiation
Durability
1) Rivalry among exisiting firms
2) Threat of new entrants
3) Threat of substitute products
4) Bargaining power of buyers
5) Bargaining power of suppliers
Fundamental Analysis
Financial Ratios:
1) Earnings per shares:
2) Price to earnings ratio: Current, History and Forward. Industry
Business Analysis
Strategy Analysis
Competitive Edge
1) Cost leadership
2) Product differentiation
Durability
1) Rivalry among exisiting firms
2) Threat of new entrants
3) Threat of substitute products
4) Bargaining power of buyers
5) Bargaining power of suppliers
Fundamental Analysis
Financial Ratios:
1) Earnings per shares:
2) Price to earnings ratio: Current, History and Forward. Industry
Tests of a Company's Financial Strength and Liquidity:
1) Working Capital:
2) Current Ratio:
3) Quick/Acid Test/Current Ratio:
4) Debt to Equity Ratio:
Tests of a Company's Efficiency:
1) Gross Margin
2) Net Profit Margin
3) Operating Margin
4) Return on Equity (ROE)
5) Asset Turnover:
6) Return on Assets:
7) Capital per Dollar of Sales
1) Receivable Turnover
2) Average Age of Receivables
3) Inventory Turnover
4) Number of Days for Inventory to Turn
1) R&D to Sales:
2) Interest coverage ratio:
Technical Analyse
1) Double Doji
Double Doji - This candle (two adjacent doji candles) implies that a forceful move will follow a breakout from the current indecision.
http://offers.quote.com/fbp/2004/040904.htm
Company Industry Trailing-10-Year Return
Limited Brands (NYSE: LTD) Retail 271%
Equity Inns Hotels 431%
Ameristar Casinos Casinos 1,336%
Yum! Brands (NYSE: YUM) Restaurants 378%
DR Horton (NYSE: DHI) Homebuilding 550%
Mark my words: Each one of these companies will soon have a Chinese counterpart. While that company may be small today, or may not even be public, that's the company whose shares we want to own for the next decade or more.
Competitive Edge
1) Cost leadership
2) Product differentiation
Durability
1) Rivalry among exisiting firms
2) Threat of new entrants
3) Threat of substitute products
4) Bargaining power of buyers
5) Bargaining power of suppliers
Fundamental Analysis
Financial Ratios:
1) Earnings per shares:
2) Price to earnings ratio: Current, History and Forward. Industry
Tests of a Company's Financial Strength and Liquidity:
1) Working Capital:
2) Current Ratio:
3) Quick/Acid Test/Current Ratio:
4) Debt to Equity Ratio:
Tests of a Company's Efficiency:
1) Gross Margin
2) Net Profit Margin
3) Operating Margin
4) Return on Equity (ROE)
5) Asset Turnover:
6) Return on Assets:
7) Capital per Dollar of Sales
1) Receivable Turnover
2) Average Age of Receivables
3) Inventory Turnover
4) Number of Days for Inventory to Turn
1) R&D to Sales:
2) Interest coverage ratio:
Technical Analyse
1) Double Doji
Double Doji - This candle (two adjacent doji candles) implies that a forceful move will follow a breakout from the current indecision.
http://offers.quote.com/fbp/2004/040904.htm
Strategy
1) Don't bother with big namesChinese large caps look pretty efficiently priced. For example, $260 billion PetroChina is widely covered by analysts and trades for 14 times earnings, while $227 billion China Mobile -- another China bellwether -- trades for 26 times earnings.
While both are expected to grow modestly faster than their multinational counterparts, that growth is fairly predictable for such mature companies, and it seems to be priced into the shares. PetroChina trades for a modest premium to BP (NYSE: BP) (11 times earnings) and Chevron (NYSE: CVX) (11 times earnings); China Mobile is pricier than both Chunghwa Telecom (13 times earnings) and NTT DoCoMo (17 times earnings).
So while those are fine companies with real advantages in the Chinese market, American investors will be better rewarded elsewhere.
Company Industry Trailing-10-Year Return
Limited Brands (NYSE: LTD) Retail 271%
Equity Inns Hotels 431%
Ameristar Casinos Casinos 1,336%
Yum! Brands (NYSE: YUM) Restaurants 378%
DR Horton (NYSE: DHI) Homebuilding 550%
Mark my words: Each one of these companies will soon have a Chinese counterpart. While that company may be small today, or may not even be public, that's the company whose shares we want to own for the next decade or more.
Japan Market
Yen vs Stock market
Yen rise with the USD falling to 117.91 yen from 120.59 yen.
With the strengthening currency, would it be good to get japanese stocks now?
NO! The nikkei has fallen 3% today. Once again, we see the stock market rise on a weaker yen as well as fall with a stronger yen. You can only make money when the yen and the stock market rises TOGETHER. As long as this divergence continues, it will not be easy. Recently, I nearly purchased japan but luckily cancelled my order later not vested
Current Japan Index
Current Japan Index (N225)
TA for 2006
Yen rise with the USD falling to 117.91 yen from 120.59 yen.
With the strengthening currency, would it be good to get japanese stocks now?
NO! The nikkei has fallen 3% today. Once again, we see the stock market rise on a weaker yen as well as fall with a stronger yen. You can only make money when the yen and the stock market rises TOGETHER. As long as this divergence continues, it will not be easy. Recently, I nearly purchased japan but luckily cancelled my order later not vested
Current Japan Index
Current Japan Index (N225)
TA for 2006
Advance Holdings
Fundamental Analyse
Dec-06 Dec-05 Dec-04
PROFITABILITY
Operating Profit Margin 14.95 21.56 19.10
Net Earnings Margin 15.06 17.87 15.08
Return on Shareholders' Equity 15.86 61.71 NA
Return on Total Assets 11.17 37.48 NA
GROWTH (%) Revenue Growth -38.12 127.39 NA
Operating Profit Growth -57.09 156.76 NA
Net Earnings Growth -47.84 169.49
NAEPS Growth -80.99 109.83 NA
LIQUIDITY (times)
Current Ratio 4.53 2.20 2.85
Quick Ratio 4.20 1.96 2.74
LEVERAGE (times)
Long-term Debt to Equity Ratio 0.00 0.00 0.00
Total Debt to Equity Ratio 0.27 0.75 0.48
Total Borrowings to Equity Ratio 0.01 0.00 0.00
Total Debt to Total Assets Ratio 0.21 0.43 0.32
Interest Cover 190.21 NA 1088.67
Others
Sales / Fixed Assets (times) 19.89 35.96 NA
Sales / Total Assets (times) 0.74 2.10 NA
Technical Analyse
Strategy Analyse
Dec-06 Dec-05 Dec-04
PROFITABILITY
Operating Profit Margin 14.95 21.56 19.10
Net Earnings Margin 15.06 17.87 15.08
Return on Shareholders' Equity 15.86 61.71 NA
Return on Total Assets 11.17 37.48 NA
GROWTH (%) Revenue Growth -38.12 127.39 NA
Operating Profit Growth -57.09 156.76 NA
Net Earnings Growth -47.84 169.49
NAEPS Growth -80.99 109.83 NA
LIQUIDITY (times)
Current Ratio 4.53 2.20 2.85
Quick Ratio 4.20 1.96 2.74
LEVERAGE (times)
Long-term Debt to Equity Ratio 0.00 0.00 0.00
Total Debt to Equity Ratio 0.27 0.75 0.48
Total Borrowings to Equity Ratio 0.01 0.00 0.00
Total Debt to Total Assets Ratio 0.21 0.43 0.32
Interest Cover 190.21 NA 1088.67
Others
Sales / Fixed Assets (times) 19.89 35.96 NA
Sales / Total Assets (times) 0.74 2.10 NA
Technical Analyse
Strategy Analyse
Subscribe to:
Comments (Atom)