Tat Hong

Tat Hong: Our in house has issued a report maintaining Buy increasing TP to $1.74 from $1.41. after meeting with mgmt. Strong performance of past few quarters suggest that Tat Hong’s recovery is faster than expect. Co is experiencing the best time in its operating history with orderbook providing earnings visibility for nxt 2 yrs. Tat Hong ranks as the top 5 crane rental companies in the world and is the only one located in Asia. This also allows co to charge a premium. Co offers both growth and yield at this stage.