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Latest Posts By pharoah88 - Supreme      About pharoah88
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18-Jul-2011 18:22 Tiger Airways Rg   /   TigerAir       Go to Message
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Monday:  18 JULY 2011

S$0.995

-S$0.01

 

hlfoo2010      ( Date: 18-Jul-2011 11:21) Posted:



I dont think this baby will allow to crush   down further with   High power teams onboard.

NO face loh if go down to 0.70 or .80 

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18-Jul-2011 18:16 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Monday:  18 JULY 2011

S$1.235
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18-Jul-2011 18:15 Ezra   /   Ezra       Go to Message
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Monday: 18 JULY 2011

S$1.21

-S$0.105
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18-Jul-2011 18:13 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Monday: 18 July 2011

-S$0.075
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18-Jul-2011 18:06 Ezra   /   Ezra       Go to Message
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Revenues UP like HEAVEN  ? ? ? ?

Profits  dOwn  like HELL  ? ? ? ?

Is  EZRA  a  fOreIgn  cOmpany  ? ? ? ?

Share prIce  crAshed  ? ? ? ?

shadowmoon      ( Date: 18-Jul-2011 11:23) Posted:

Ezra Holdings: AMC integration remains on track




By Low Pei Han
Fri, 15 Jul 2011, 09:35:09 SGT

Ezra Holdings (Ezra) reported a 51% YoY increase in revenue to US$164.8m but saw a 75% fall in net profit to US$6.6m in 3QFY11, mainly due to a fall in gross profit margin with the consolidation of newly acquired AMC and higher administrative expenses. Excluding AMC’s net loss of about US$7.5m to US$10m in the last quarter, Ezra’s 3QFY11 net profit would have accounted for about 21% of our full year estimate. With slightly more clarity on the AMC front, we have adjusted our earnings estimates for FY11 and FY12, and deem FY12 to be more reflective of the group’s earnings after further integration. As such, we roll forward our valuation to 14x FY12F earnings (from blended FY11/12F previously) for the offshore marine and energy business, and our fair value estimate slips to S$1.87 (prev. S$2.05). A potential catalyst would be higher-than-expected contract wins with healthy margins for the subsea business, which has amassed a decent order book of more than US$300m YTD. Maintain BUY.

AMC consolidation drags net profit lower. Ezra Holdings (Ezra) reported a 51% YoY increase in revenue to US$164.8m but saw a 75% fall in net profit to US$6.6m in 3QFY11, mainly due to a fall in gross profit margin (17% vs. 31% in 3QFY10), with the consolidation of newly acquired AMC. Administrative expenses also rose 42% to US$16.7m in 3QFY11 with the inclusion of AMC and higher overheads due to the set up of overseas offices. Though net profit was lower than expected, but if we were to exclude AMC’s net loss in the last quarter, Ezra’s 3Q11 net profit would have accounted for about 21% of our full year estimate.

Finally a little more clarity on AMC. We estimate that AMC suffered a loss of around US$7.5m to US$10m in 3QFY11, but management expects the entity to perform better in 4QFY11 (we are expecting just breakeven in 4Q). Much depends on the integration progress and the speed in which third party costs can be eliminated. In particular, management has “realigned a lot of services” that AMC used to outsource, and Ezra aims to bring more of such activities in-house to lower costs. Management also revealed that there was a lack of optimization in vessel utilization in AMC previously, and the group has since reorganized the fleet.

EOC looking at potential listing. EOC, which is listed on the Oslo Bors, is eyeing a second public listing in Asia. We understand that it will be a second primary listing, and not a secondary listing. On the other hand, we do not expect Ezra to issue new shares to raise funds in the next 12 months. Management mentioned that any new significant capex plans will only be in 2013/2014, while capex guidance for 2012 should be around US$150m.

Contract wins may be a catalyst for the stock. With slightly more clarity on the AMC front, we have lowered our earnings estimates for FY11 and FY12, and deem FY12 to be more reflective of the group’s earnings after further integration. As such, we roll forward our valuation to 14x FY12F earnings (from blended FY11/12F previously) for the offshore marine and energy business, and our fair value estimate slips to S$1.87 (prev. S$2.05). A potential catalyst would be higher-than-expected contract wins with healthy margins for the subsea business, which has amassed a decent order book of more than US$300m YTD. Maintain BUY.



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18-Jul-2011 17:36 User Research/Opinions   /   your biggest worries?       Go to Message
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By Carlo R. Coloma, 18/07/2011

The evolution of Hotmail

We take a look at how Hotmail has changed in its 15 years of existence



Getty Images(Getty Images)


If you asked most people, they'd probably be surprised to find out that Hotmail has been around for 15 years.


In fact, a lot of people probably don't even remember the time when Hotmail was a simple email service that could only hold 2 MB of data.


Yes, 2 megabytes. That wouldn't even be enough to send a few attachments these days.


If you had an account back in those early days, we'd be willing to bet that there's no way you would have thought that Hotmail would become the multi-feature service it has become today.


Just how much has Hotmail changed, you ask? Here are some interesting facts from the last 15 years.
  • - Hotmail's user base has ballooned from 500,000 people in the early days to 360 million people worldwide.
  • - MSN Messenger came about as an add-on to Hotmail. Now most people can't live without using its instant messenger service.
  • - Hotmail was the first service to offer free virus scanning for its users.
  • - These days, 9 billion emails are received and 300 million emails are sent by Hotmail users every day.
  • - Storage space has been continually raised from a paltry 2MB to today's 5GB of " ever-growing" storage, which expands every time you reach the storage cap. If you hit around 4GB, they'll increase it to 6GB, if you reach 5GB, they'll increase the cap to 7GB and so on.
  • - Over the last few years, Hotmail has evolved into Windows Live Hotmail, and has become a one stop solution for both business and personal use. Now, people are able to open Microsoft Office documents online without having the software installed, and are able to easily share files through features like Skydrive.


" In the modern world where social media is ubiquitous, instant updates and 24x7 connections to one's networks are the norm," said Dr. Michael Netzley, Assistant Professor of Corporate Communication at Singapore Management University. " A quick peek into the past however, would reveal email to be the turning point in ushering in an era of personal connectivity between individuals, transcending the traditional boundaries of time and place."

From its inception, Hotmail (and other services like it) helped make email more easily accessible to millions worldwide, and helped change the very fabric of communication for both individuals and businesses.

" Email revolutionized the world of modern day communication and instantly made postal services around the world less relevant and was a boon to businesses around the world," Added Dr. Netzley. " Some of the first email clients were introduced more than two decades ago, and while these were initially used within local networks or intranets, free web-based email services like Hotmail helped bring the revolution to everyday users."


Even with all of these innovations, one can be sure that the Hotmail team isn't anywhere near done yet. The coming years will likely bring about even more new features and changes, and will likely make the service even more essential in the future.


What do you think is next for Hotmail?

Share your thoughts on the evolution of Hotmail in the comments section below!
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18-Jul-2011 10:45 User Research/Opinions   /   your biggest worries?       Go to Message
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Tharman speaks of three important challenges facing the Indian community

S RAMESH

rameshs@mediacorp.com.sg

 

SINGAPORE

Speaking at a national convention organised by the People’s Association’s Indian Activities Group (Narpani Peravai), Mr Tharman stressed that a key task is to bring the young into the various organisations and give them the space to pursue their own initiatives.

He said this would not displace the current crop of leaders as they would be needed to provide support and guidance to the younger generation.

The second challenge is for the community to rise above parochialism.

Mr Tharman believes that the community will still be very diverse 20 years down the road but he hopes that it will be one with a less sense of differences and one where language and culture is alive.

He said: “We have to keep up the momentum of overcoming the differences amongst us ... This is a real challenge. We have to ask ourselves — how do we preserve this\ strength of distinct cultural identities but with genuine respect and genuine desire to create bridges. We still have some way to go in this regard.”

The third area is helping families in need of assistance.— Mr Tharman Shanmugaratnam, the Deputy Prime Minister and chairman of the Singapore Indian Development Association’s (SINDA) Board of Trustees, has spoken of three important challenges facing the Indian community in Singapore.

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18-Jul-2011 10:33 User Research/Opinions   /   your biggest worries?       Go to Message
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The improvement of productivity and service starts with competition

Letter from Ng Hui Hong Nicholas

I REFER to Lin Jiayi’s letter “Profit-driven isn’t better run” (July 16). One of the key benefits of privatisation is that private organisations are very much concerned about quality of service because it affects their profits. If their quality of service drops, consumers will look for alternatives. Hence, competition plays a big part in improving service standards and productivity.

Our public transport system is a privatised one but do Singaporeans who take public transport have alternatives? If we feel that the service standards of SMRT are poor, can we choose another provider for this same service? Because we have no comparable alternatives, our public transport system is a monopoly. Singaporeans have to accept poor service standards and price hikes.

The European system is a considerably privatised one and is able to provide alternatives with multiple rail providers like Eurostar, Thalys, CNL etc. Singapore, however, is unable to achieve the same economies of scale as Europe.

A profit driven company would strive to reduce costs and increase revenue. Hence, their best case scenario would be to run at full capacity. This meaning the maximum number of people squeezed into trains and buses. Whereas a non-profit organisation could have a different KPI, such as managing costs and improving service standards.

Singapore is where it is today because of strong Government initiatives that have been executed well.

With an average profit of, say, S$177 million a year (to use SMRT as a benchmark), a nationalised public transport system can afford a margin for error.

Even considering a scenario where this nationalised public system is less efficient and generates only a profit of S$100 million, this profit does not go to shareholders but to improving the transport system.



ALL this while,  QuAlity  is  sAcrIfIced  by  mAxImIsIng  prOfIts to  shArehOlders and  sUper dUper  sAlAries tO  tOp  mAnAgement  ? ? ? ?

by  increAsing prIces  tO  guarantee  prOfits and Over paid salaries  ? ? ? ?thIs  is immOral  fOr    Public trAnspOrt  ? ? ? ?

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18-Jul-2011 10:04 User Research/Opinions   /   your biggest worries?       Go to Message
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Educating all children – without exception

For the S’pore system to truly be for all, those with disabilities must not be allowed to fall through the cracks

Reuben Wong and Felicity Cr awf ord

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18-Jul-2011 09:57 User Research/Opinions   /   your biggest worries?       Go to Message
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Tainted-beef

scare spreads

in Japan

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18-Jul-2011 09:56 User Research/Opinions   /   your biggest worries?       Go to Message
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the West shOuldn’t

ignOre

the new IMF advIser

from ChIna

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18-Jul-2011 09:50 Genting Sing   /   Traders Lounge - Daily opportunities for everyone       Go to Message
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An  AmerIcAn 

Wrestling  gIg  ? ? ? ?

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18-Jul-2011 09:47 Genting Sing   /   Traders Lounge - Daily opportunities for everyone       Go to Message
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Is  American Cabinet  sO  rUthless  ? ? ? ?

dOwngrAde  Own  CredIt rAtIng  ? ? ? ? 

frOm  " 'AAA" '  tO  ''AA''  ? ? ? ?

 
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18-Jul-2011 09:40 Tiger Airways Rg   /   TigerAir       Go to Message
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belOw IPO

TP  S$0.70  ? ? ? ?
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18-Jul-2011 09:36 Raffles Edu   /   Times to goes up       Go to Message
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S$23.7m  is  far  frOm  S$100m  ? ? ? ?
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18-Jul-2011 09:33 Ezra   /   Ezra       Go to Message
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S$0.830  ? ? ? ?

Bintang      ( Date: 17-Jul-2011 16:47) Posted:

Ezra gapped down with very heavy volume on 15/07/2011 to reach new low at $1.31 , therefore going to the downside target would be possible .

Bintang      ( Date: 17-Jul-2011 16:42) Posted:

Breaking down of a big weekly right-angled triangle at $1.31 would indicate a downside target of 83 cents for Ezra .


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18-Jul-2011 09:25 User Research/Opinions   /   your biggest worries?       Go to Message
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12 signs it's time to quit Facebook

Are you a certified Facebook addict?

Read our warning signs to see if you need to step away from your computer.

12 signs you should quit Facebook(Reuters)



We all know one: the Facebook friend who can't go for more than a few minutes without telling the world (or, at least, their long-suffering circle of friends) exactly what's happening in their life. Whether they're detailing the minutiae of their day, showing off about how 'down with it' they are by going on about some random band, or spamming the world with mundane pictures of their latest night out, they're the people with the least to say who spend the most time saying it.

It's an affliction like any other, this kind of Facebook addiction, and if you're concerned that you (or someone you know) may be falling prey to it, then read on.

Here, we've listed 12 of the most common signs of Facebook addiction. If you tick the boxes on one or two of these, you're probably just as addicted to Facebook as the next person. If you find you're nodding along to most of the list, perhaps it's time to take a step away from the monitor...
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18-Jul-2011 09:16 User Research/Opinions   /   your biggest worries?       Go to Message
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Skiving employee caught out on Facebook

Skiving employee caught out on Facebook (Martin Keene/PA Wire/Press Association Images)

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Australian call centre worker Kyle Doyle became a minor web celebrity after being caught out skiving off work via Facebook. Doyle had claimed to be unable to come to work on a day when his Facebook status announced he was pulling a sickie. When challenged to prove the sick leave was not genuine, his boss produced a screenshot of Doyle's Facebook profile.

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18-Jul-2011 09:06 User Research/Opinions   /   your biggest worries?       Go to Message
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Name-calling teacher asked to resign

Name-calling teacher asked to resign (Microsoft)

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Massachusetts maths and science teacher Dr June Talvitie-Siple was asked to resign from her $90,000 a year job after Facebook outbursts concerning her pupils and their parents.

Dr Talvitie-Siple described her students as " germ bags" and the school parents as " snobby" and " arrogant" .

She defended her actions saying that her comments had been a joke, and that she'd been caught out when Facebook changed its default settings to be more open.

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15-Jul-2011 15:04 User Research/Opinions   /   your biggest worries?       Go to Message
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‘Shoebox’ trend a boon for developers and retailers

COMMENTARY

TA N CHIN KEONG

property@mediacorp.com.sg

One quirk of the current recovery in Singapore’s residential property market is the rising popularity of small-sized apartments, better known as “shoebox” units.

Since early 2009, when the current home market up-cycle began, private property developers have sold a number of projects consisting mainly of “shoebox” units. These include The Alexis, which kicked off the “shoebox” trend and Suites@, which probably Guillemardholds the smallest apartment at 258 square feet.

In fact, the percentage of non-landed private residential units with floor space of less than 650 sq ft (our definition of a “shoebox” unit) sold by private property developers has risen from 12 per cent in 2009 to 38 per cent year-to-date in 2011.

We also notice a downsizing trend in public housing over the last few years.

Based on data from the annual reports of the Housing and Development Board, the percentage of smaller flats (four-room and below) sold by the board went up from 46 per cent in the fiscal year ending March 2005 to 67 per cent in the year ending March 2008. This ratio further rose to 83 per cent in the year ending March 2010.

However, this trend is also driven by the rising popularity of four-room flats versus five-room and executive flats.

But it has to be noted that with floor space of around 970 sq ft, four-room flats are not really that small.

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