Buy: Hiap Seng

Before I start, here is the prove ("God!").

And so, a little background, Hiap Seng is a company involved in local oil & gas fabrication. With the impending completion of reclaimation projects in Jurong Island, coupled with the $3b investment from Shell on a plant, and seeing the number of plants on Jurong Island double over the next few years, there is room for growth for Hiap Seng, and of course, Hiap Seng's shares. In fact, Technics Oil & Gas is a direct competitor to Hiap Seng.

Analyst reports indicate that Hiap Seng's order books are fully booked for the next 3 years, but they have recently completed a capacity expansion project.

HY2006 Results show an increase in profits attributable to equity holders of 237.9%. The EPS growth is pretty close as well.

Likewise for their FY statements and forcasts, 2007 F looks at a 169% growth in EPS, and supported by increase in sales and profits.

"EPS EPS EPS. It shows the profit growth vs shares in the market. Follows the ancient supply and demand rule"

With the recent sudden surge in interest, it might be a good time to jump into the wagon. And on top of that, with such an upside to Hiap Seng's shares, we are looking at a possible $1 stock right now.

"Sustained interest is important"

The only downside to Hiap Seng's shares? Its listed in the Sesdaq, and my other share that is listed in Sesdaq (Techics Oil & Gas) isn't doing too good.On top fo that, both shares are in the smae industry. I'm also unable to find % shares held by institutional investors.

"Institutional investors are important for the good of the share. They control the number of floating shares as institutional investors don't engage in daily trade"

If Hiap Seng doesn't do well, I'm out of Sesdaq for life.

Buy, with target of $1.00.
Vested $0.785 at 1 Feb 07, 0910hrs