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13-Aug-2009 18:34

Genting Sing / GenSp starts to move up again

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Ok already lah, at least now sitting above 0.90.

Cheers.

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13-Aug-2009 18:28

Midas / Midas

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Tomorrow should be above $0.90 (since the results out tomorrow right should be a GOOD one) Smiley

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13-Aug-2009 18:26

RickmersMaritime / Container ships charterer with 170+ years history

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Hi baliem, overlook yr question. Can ignore my posting liao as Rickmer is moving up now.........

But when XD, just for info its price will definately drop...........

If u are a long term player fr this counter, than is ok lah. Keep it for the divi....

baliem ( Date: 12-Aug-2009 11:58) Posted:

Can I check what's meat by retesting "its 38% FR again"? Many thanks.

dealer0168 ( Date: 12-Aug-2009 11:34) Posted:

Read this one clearer

Rickmers Maritime – Bulls losing grip

Still holding on. Rickmers broke out of its sideways trend in May and shot to a high of S$0.69, up a hefty 78% without a so called correction. Since then, prices started to pullback and it is now sitting marginally below its support trend line. This close below its trend line suggests that the bulls are starting to lose their firm grip on proceedings. Nevertheless, it is still holding above its 50-day SMA, which acts like a last support for the bulls. Weekly indicators remain positive. The weekly indicators are starting to ease but remained positive. The daily indicators is currently looking neutral with a slight negative bias. Could retest its 38% FR again. If the 50-day SMA support holds, the stock could try to retest the S$0.625 levels again. However, if prices end below this

support, more selling pressure could set in. Investors could buy now but with a tinge of caution. Keep a stop at below S$0.54.

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13-Aug-2009 18:22

RickmersMaritime / Container ships charterer with 170+ years history

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Wow freeme , u diehard fans of Rickmers leh. I thk can give u n matthew a seat in the board of director already.

Buy so many lots liao.

freeme ( Date: 13-Aug-2009 14:46) Posted:

loaded another 20lots..

total holding 50lots liao!

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13-Aug-2009 18:19

Healthway Med / healthway, healthy?

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$0.20 sure a not..................

Worry later ganna stuck leh.

cheongwee ( Date: 13-Aug-2009 15:10) Posted:

no...no..no...now i have reset my tg px to 20c...

TuaPekGong9413 ( Date: 13-Aug-2009 15:05) Posted:

wa......little resistance at .145? then shortists siao liao loh......hopefully can see yr tqrget px of .16........

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13-Aug-2009 18:15

Healthway Med / healthway, healthy?

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Sorry Pek Gong, afternoon go yamcha with family. So reply late.

I let go at 0.14.

Now going for other counter liao. Cheers.

TuaPekGong9413 ( Date: 13-Aug-2009 11:46) Posted:

dealer, what price u let go? me let go at .14

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13-Aug-2009 11:45

Healthway Med / healthway, healthy?

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ya go off already..........loh

cheongwee ( Date: 13-Aug-2009 11:04) Posted:

TuaPekong and dealer0168...i thk you all sold already, right???

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13-Aug-2009 11:12

Li Heng Chem / Li HENG

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Abit quite expected fr the analyst after checking out more (seems like not much meat):

Li Heng: Cautiously more upbeat for 2H09

By Carey Wong
Thu, 13 Aug 2009, 10:33:19 SGT

Li Heng Chemical Fibre (LHCF) saw its 2Q09 revenue fell 61.2% YoY to RMB453.3m, while net profit tumbled 88.8% to RMB38.0m. But going forward, the outlook is slightly more upbeat with management spotting a gradual stabilization in order volume and ASPs of its nylon yarn products and also raw material prices in line with the improving macro economic picture. However, LHCF still intends to proceed cautiously with its planned expansion; the first to be completed will be its PA chip plant as this will allow LHCF to be relatively self-sufficient and afford it more flexibility in managing its inventory. In view of the margin squeeze in 1H09 and the still cautious recovery in 2H09, we have cut our FY09 earnings forecast by 23.7%; our FY10 estimates by 8.8%. However, in view of the recent market re-rating, we have eased our discount rate from 22.0% to 16.8%, which bumps up our DCF-based fair value from S$0.25 to S$0.26 (translates to just 5x FY10 EPS). Maintain HOLD.

2Q09 results suggest fragility still. Li Heng Chemical Fibre (LHCF) reported its 2Q09 results, where 2Q09 revenue fell 61.2% YoY to RMB453.3m, while net profit tumbled 88.8% to RMB38.0m. But on a sequential basis, we note that revenue was just down 4.1%, and was also 0.4% above our estimate; net profit was also up 272.8%, just 2.6% shy of our forecast. While there were some signs of stability, the situation remains quite fragile as we had highlighted in our earlier report. LHCF still has to absorb most of the higher raw material costs to help its customers, hence overall ASPs only rose 0.2% QoQ. For the half year, revenue fell 53.1% to RMB925.8m and net profit slid 91.5% to RMB48.2m, meeting 45.3% and 23.7% of our FY09 revenue and earnings estimates, respectively.

Cautiously improving outlook. As the macro economic picture continues to improve in recent months, management said it noticed a gradual stabilization in order volume and ASPs of its nylon yarn products and also raw material prices. While this may signal that the worst is probably over, the persistent margin pressure may be the biggest challenge facing not only LHCF but also other industry players. Nevertheless, it believes the gradual ASP increase will help gross margin recover to around 15% in 2H09.

PA chip plant almost done. While it is progressing cautiously with its planned expansion, its PA (polyamide) chip plant is almost completed. LHCF expects to start full trial production of the PA plant soon and begin full production by Sep. LHCF has also started the preliminary installation work for its additional yarn capacity but expects it to come on-stream in 1H10. Last but not least, we understand that the planned major overhaul of its old Li Yuan Phase 1 and 2 will be pushed back to 2Q10 as opposed to 2H09; this will also be done over a period of 4-5 years. As such, it expects to spend no more than RMB200m in capex in 2H09.

Maintain HOLD. In view of the margin squeeze in 1H09 and the still cautious recovery in 2H09, we have cut our FY09 earnings forecast by 23.7%; our FY10 estimate by 8.8%. However, in view of the recent market re-rating, we have eased our discount rate from 22.0% to 16.8%, which bumps up our DCF-based fair value from S$0.25 to S$0.26 (translates to just 5x FY10 EPS). Maintain HOLD.

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13-Aug-2009 10:45

Li Heng Chem / Li HENG

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Actually Li Heng case is quite similar to that abalone counter due to profit margin drop alot. . And its share price gradually drop back abit n hardly rally anymore.

N to have Li Heng profit margin boost up at high level, i believe may have to wait til 4th qtr or next year.

Could not see any possibility fr it to sprint now? Thus chop off first n go fr other counter first. I maybe wrong.

cheongwee ( Date: 13-Aug-2009 10:25) Posted:

I thk it may sprint a surprise.later.....at 24,5c it is a steal...but since we want action fast, we can keep monitor it and jump back in ,if it run..

i told you i have twist to tiongwoon...slight gain now...

dealer0168 ( Date: 12-Aug-2009 20:00) Posted:

This one FA is good. But market demand & raw material cost to absorb results in much lower profit margin.

Market still not as rosy as everyone thinks. Especially fr manufacturing line.

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13-Aug-2009 03:26

Li Heng Chem / Li HENG

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They drop as their profit margin drop alot. I thk their share value will slowly drop bk somemore like that abalone counter, oceanus.

mortal_azazel ( Date: 12-Aug-2009 22:19) Posted:

Seems like this stock has started to drop like China Hongx :(

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12-Aug-2009 21:46

UOL / UOL

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Emm not quite good the result.............

wongmx6 ( Date: 12-Aug-2009 21:41) Posted:

Quarter 2 Report, Link below,

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_07DE329AAD21D3AB482576100039EB43/$file/UOL2Q09.pdf?openelement

wongmx6 ( Date: 30-Jul-2009 16:00) Posted:

Quarterly result will be on 12 Aug 09.

Recently its performance is low.......low........low.......

Wish for good result loh.

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12-Aug-2009 20:47

Others / DOW

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Dow may open slight red later........

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12-Aug-2009 20:41

Jaya / Jaya Holding

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When their results coming out?

rpires ( Date: 12-Aug-2009 16:32) Posted:

personally i dont think they should have problems on the refinancing issue especially if the orderbook is good. they delivered good sets of result every quarter. unless it is accounting irregularities, otherwise, i dont think they should have problems on the refinancing issue.

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12-Aug-2009 20:39

CapitaLand / Capitaland

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Capland n his family all seems to be struggling for the past few days.

Still waiting for good opportunity to buy............

If can go below $3, than hosay liao.............scoup...scoup ...scoup

But my dream may not come truth. May have to wait til next summer (if Cheongwee prediction comes truth).

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12-Aug-2009 20:34

Neptune Orient L Rg / NOL

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I had sold mine long time ago. Same thinking as u, i'm waiting fr suitable price as well.

TonyGan ( Date: 11-Aug-2009 16:12) Posted:

so wait for the right price

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12-Aug-2009 20:24

Midas / Midas

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Result coming out soon. Buy b4 it is announced.

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12-Aug-2009 20:00

Li Heng Chem / Li HENG

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This one FA is good. But market demand & raw material cost to absorb results in much lower profit margin.

Market still not as rosy as everyone thinks. Especially fr manufacturing line.

waterfalls ( Date: 12-Aug-2009 19:44) Posted:

penny stocks are risky to play cos u buy really a lot. penny stocks are cheap becos sales turnover and profits are small. they are financially not as strong as larger companies with higher share prices. so beware when u play penny stocks. for shares that are just worth a few cents like centillion it is for the gambler and the uneducated really.

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12-Aug-2009 19:20

Li Heng Chem / Li HENG

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Li Heng i doubt can recover fast as they still has to absorb most of the higher raw material costs to help its customers.

I think 4th qtr or next year than maybe we see real recovery for them. For long term, still can HOLD lah.

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12-Aug-2009 19:17

Healthway Med / healthway, healthy?

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Still got meat fr this one???? Go fr China Sport better.

Time to move on. Get the RIGHTS........

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12-Aug-2009 17:20

Genting Sing / GenSp starts to move up again

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I think we may see $1.

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