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15-Nov-2013 12:56

Others / What?s Happened to Blumont, Asiasons and LionGold

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2 short of 1.......ko a sai zao leh..........Lol

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15-Nov-2013 10:51

Midas / Midas

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CIMB TP : 0.74 outperform

Looking better

Midas?s 3Q13net profittopped our expectations by a mile on the back of robust sales and the strong contribution from Midas?sassociate, NPRT. Things are also looking brighter for its balance sheet, with inventory days and receivable days falling to one-year lows.

Midas?s 9M13 net profit was above our expectation, at 80% of our FY13 forecast. We raise FY13 EPS by 45% as we expect stronger earnings growth in 4Q13 from the recognition of new HSR contracts. However, we cut FY14-15 EPS by 4-6% for higher finance costs. Maintain Outperform and target price of $0.74, based on 1.29x CY14 P/BV (20% discount to average P/BV during 2010-11). New HSR contract wins is the key catalyst.

3Q highlights

Midas?s 3Q revenue grew 6.0% qoq, while net profit increased 12.4% qoq. Gross margin compressed to 20.8% (2Q: 22.5%) due to: 1) the lower-margin products taken on to increase capacity utilisation, and 2) the rise in per unit production cost. However, 3Q net margin rose to 5.5% (2Q: 5.2%) due to the strong Rmb10.9m associates? contribution from NPRT. We believe margins will trend up in 4Q when Midas recognises its first HSR contract since FY11. Net gearing rose to 47.2% in 3Q (2Q: 40.2%) as Midas took on long-term debt to fund working capital and capex for the new cold rolling plant.

Worst is over

Midas?s inventory days and receivable days improved for the second consecutive quarter in 3Q, falling to 209 and 376 days, respectively. Trade receivables fell by Rmb23.9m qoq ? the first fall in seven quarters ? suggesting that Midas is receiving payments withheld for old contracts. We believe the worst is over, and Midas is on track to achieve its inventory days target of 120-150 days.

New contracts in 1Q14

The China Railway Corporation (CRC) recently announced open tenders for 258 high-speed train sets (78 sets for 250km/h, 180 sets for 350km/h). This is below our initial expectation of 314 train sets but we believe that the remaining 56 sets will be granted via a closed tender to either CSR or CNR. We estimate that Midas will win Rmb545m of HSR orders in this procurement round, based on its historical record of 90% CNR order wins (Figure 8). The orders are likely to materialise in 1Q14.

https://brokingrfs.cimb.com/cRVtyS72XmWtNzjx44ALhzV-cDLpngKu6K_OTm_Vd4i5r062KYXSp9eiaHBGZTY9AqGO4kFku-41.pdf

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15-Nov-2013 10:43

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Corporate News
F& N: Some bonds fail to get votes.
coupons at the extraordinary resolution tabled at the meeting yesterday for the
holders of the various bonds and notes held by F& N Treasury. Specifically, the
required quorum was not achieved at the meeting of the holders of the sevenyear
bonds they hold an outstanding S$80m worth of 3.15% bonds due 2018.
The extraordinary resolution for the five-year bonds on the other hand -
S$220.0m of 2.48% bonds due 2016 - was passed without amendment. The
meeting for the holders of the seven-year bond has thus been adjourned and is
expected to be reconvened on 29 November. The vote fell through for higher-rate(Source: The Business Times)
GLP: Sets up US$3b fund 2QFY14 net profit falls 26% yoy.
Properties announced the establishment of a US$3b China Logistics Fund,
even as net profit fell 26% yoy to US$145m in 2QFY14. This was on the back
of revenue falling 19% yoy to US$140m (2QFY13: US$173m). The fund, which
is the largest of its type in the world, is focused on the development of logistics
infrastructure in China. GLP will seed the fund with land to support 1.8m sqm
of leasable area. In addition, a US$1b credit facility has been secured from
China Merchants Bank to fund development activity in China. As the asset
manager, GLP will retain a 56% stake in the fund.
Times)Global Logistic(Source: The Business
Oxley: Buys prime freehold land in Kuala Lumpur.
overseas acquisition in Kuala Lumpur in May, Oxley Holdings, which has been
making headlines for its choice global investments, is adding yet another
trophy to its stash. The latest is a plot of prime freehold land measuring about
12,575sqm, located within the Kuala Lumpur City Centre area. Oxley picked up
the site, which houses six bungalow buildings at 149-159 Jalan Ampang, for
RM446.7m (S$174m) from an estate sale. The group intends to redevelop the
land, subject to obtaining all the necessary approvals.
Times)Following its first(Source: The Business

Parkson Retail Asia: 1QFY14 net profit down 11% yoy.
Asia's net profit for 1QFY14 slipped 11.4% yoy to S$10.26m. Revenue was
4.1% lower yoy at S$108.73m on the back of a challenging retail environment.
The group expects operating results to improve in the coming quarters,
boosted in part by the year-end holiday season. (Source: The Business Times)
Thai Beverage: 3Q13 net profit tumbles.
fell to Bt4.08b (S$161.01m) from Bt15.68b baht a year ago. Revenue came in
at Bt35.04b, down from Bt37.58b in 3Q12. Thai Beverage net profit for 3Q13(Source: The Business Times)
UE: 3Q13 net profit down 2% yoy at S$12.5m.
net profit of S$12.5m for 3Q13, down 2% yoy. Revenue more than quadrupled
to S$732m due to consolidation of the results of WBL, which it took over earlier
this year. The higher revenue was also due to increased rental income from
the group's properties and engineering and construction subsidiary UE E& C.
The lower margins were caused by losses incurred by WBL's listed technology
subsidiary Multi-Fineline Electronix. WBL was also hit by lower car sales and

lower recognition of property sales. United Engineers reported(Source: The Business Times)Parkson Retail

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15-Nov-2013 10:40

Straits Times Index / STI to cross 3000 boosted by long-term investors

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What?s in the Pack
Rotary Engineering- Key takeaways from results briefing (RTRY
SP/BUY/S$0.66/Target: S$0.88)
Rotary reported a stronger set of results for 9M13. Net profit rebounded to S$16m from a loss in 9M12, mainly due to higher revenue and lower?
Rex International- Encouraging progress from Rexonic well stimulation
(REXI SP/BUY/S$0.66/Target: S$1.27)
In the results briefing, we were encouraged by news that Rexonic has signed contracts to provide the eco-friendly Rexonic solution to three MNCs till 2016.
Overseas Education- 9M13 results in-line. Potential upside to student
capacity at new campus
(OEL SP/BUY/S$0.81/Target: S$0.94)
Maintain BUY with a slightly higher target price of S$0.94, based on our 3-stage DCF model. The implied 2014F PE is 15.8x.
Olam International- 1QFY14: Seasonally weak quarter.
(OLAM SP/HOLD/S$1.50/Target: S$1.60)
Maintain HOLD with target price of S$1.60 based on FY15F PE and a 30% discount to Olam?s long-term forward PE of 16.1x (or equivalent to 1SD below
long-term mean PE).
Singapore Telecommunications- 2QFY14: Overseas businesses suffer from
currency depreciation. (ST SP/HOLD/S$3.78/Target: S$3.68)
Maintain HOLD. Our target price is S$3.68, based on sum-of-the-parts methodology.
Bumitama Agri-Revision on FFB production growth guidance to 17% from
25% on weaker-than-expected recovery in production
(BAL SP/BUY/S$0.985/Target: S$1.23)
Maintain BUY and target price of S$1.23, based on 14x 2014F PE. We like BAL for its young age profile and best OER to support its 5-year net profit CAGR of 32%.
ST Engineering (STE SP, S63) ?
Technical SELL with +4.2% potential return
The stock is likely to trend lower as it has hit our SELL target of S$3.95 mentioned on 24 Oct 13 in the last trading session?
SingHaiyi Group (SINX SP, 5CE) ?
Technical BUY with +39.1% potential return
The stock looks poised to rebound as it is still trading above its 200-day EMA and has closed above its 50-day EMA. A higher low has?.
Indofood Agri Resources (IFAR SP, 5JS) ?
Technical BUY with +11.1% potential return
The stock is likely to trend higher as it has closed above S$0.85 which was the bullish trigger level mentioned on 22 Oct 13...
UOBKH

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15-Nov-2013 06:30

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Stocks up again: Dow 16,000 in sight

u.s. stocks, dow

Click the chart for more stock market data.

Stocks ended modestly higher Thursday after Federal Reserve chair nominee Janet Yellen indicated in a Senate hearing that she will continue to support the economy with stimulus measures.

Investors were encouraged and sent the Dow Jones Industrial Average and S& P 500 to new records. The Dow is now just 1% from hitting 16,000, while the S& P 500 is less than 1% from 1,800.

The Nasdaq lagged behind the other two major indexes, as a drop in Cisco (CSCO, Fortune 500) shares weighed on the tech-heavy index. But the Nasdaq also rose slightly. It is now at its highest level since September 2000 and is less than 1% from 4,000.

Investors have been looking for clues as to when the Fed may begin scaling back its bond purchases. There has been speculation that the so-called tapering could begin as early as next month.

But during her question and answer session on Capitol Hill, Yellen said that the bond-buying program could still help the economy.

" It's important not to remove support, especially when the recovery is fragile," she said. " I believe it could be costly to withdraw accommodation or to fail to provide adequate accommodation."

The comments appear to have convinced investors that Yellen would continue the Fed's current $85-billion-per-month bond-buying program for the next few months. The program -- also known as quantitative easing or 'QE' -- has helped spur stocks by pumping markets with extra cash.

Related: Fear & Greed Index still shows greed

Related: Japan's economy slows dramatically

European markets ended with modest gains following the news that the eurozone economy grew by 0.1% in the third quarter, in line with economists' expectations. Asian markets closed higher. A weaker yen helped Japan's Nikkei jump 2.1%. The currency eased after a report showed Japan's economy grew 1.9% in the third quarter - a sharp slowdown from the previous quarter

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15-Nov-2013 06:24

Straits Times Index / STI to cross 3000 boosted by long-term investors

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World Markets

North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 2.34% while Mexico's IPC is up 1.80% and U.S.'s S& P 500 is up 0.48%.

North and South American Indexes

Index	Country	Change	% Change	Level	Last Update
Dow Jones Industrial Average	United States	+54.59	+0.35%	15,876.22	4:33pm ET
S& P 500 Index	United States	+8.62	+0.48%	1,790.62	4:33pm ET
Brazil Bovespa Stock Index	Brazil	+1,221.31	+2.34%	53,451.60	2:14pm ET
Canada S& P/TSX 60	Canada	+3.31	+0.43%	774.66	4:20pm ET
Santiago Index IPSA	Chile	+19.38	+0.61%	3,178.82	3:11pm ET
IPC	Mexico	+712.06	+1.80%	40,306.70	4:06pm ET

handongni ( Date: 15-Nov-2013 06:22) Posted:

Dow, S& P 500 set records again

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14-Nov-2013 23:22

Vard / Vard Holdings

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It's a win-win solution.........parent Company of F& N also need money........Lol

MetalTrader ( Date: 14-Nov-2013 23:16) Posted:

Different people take over, have different results.
I personally think F& N have the best person currently of all stocks.

starlene ( Date: 14-Nov-2013 23:13) Posted:

F& N so much better after Chaoren took over gave $3280 cash per 1000 F& N share and dividends of $120 soon plus 2 FCL shares for every 1 F& N shares..he can really create value for shareholder

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14-Nov-2013 22:50

F & N / F&N

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Results of meetings of the holders of the outstanding S$108,250,000 5.50 per cent. Notes due 2016 comprised in Series 009 (ISIN: SG7S52942461) (the " Series 009 Notes" ), S$200,000,000 6.00 per cent. Notes due 2019 comprised in Series 010 (ISIN: SG7S69943098) (the " Series 010 Notes" ) and S$50,000,000 2.45 per cent. Notes due 2015 comprised in Series 011 (ISIN: SG7W42958225) (the " Series 011 Notes" and, together with the Series 009 Notes and the Series 010 Notes, the " Notes" ), in each case, issued by F& N Treasury Pte. Ltd. (the " Company" ) pursuant to the S$2,000,000,000 Multicurrency Medium Term Note Programme established on 7 May 2007 and unconditionally and irrevocably guaranteed by Fraser and Neave, Limited (" F& N" )

Reference is made to the announcement made by the Company and F& N on 28 October 2013 in relation to the commencement of the consent solicitation process by the Company in connection with the Notes.

The Company wishes to announce that:

(a) the Extraordinary Resolution tabled at the meeting of the holders of the Series 009 Notes on 14 November 2013 has not been passed

(b) the Extraordinary Resolution tabled at the meeting of the holders of the Series 010 Notes on 14 November 2013 has not been passed and

(c) the Extraordinary Resolution tabled at the meeting of the holders of the Series 011 Notes on 14 November 2013 has been duly passed as an Extraordinary Resolution of the holders of the Series 011 Notes without any amendment.

The Company and F& N will consider their options in light of this result of the voting on the Extraordinary Resolutions in respect of the Series 009 Notes and the Series 010 Notes and will make an announcement at the appropriate time.

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14-Nov-2013 22:48

F & N / F&N

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Results of meetings of the holders of the outstanding S$220,000,000 2.48 per cent. Bonds due 2016 (ISIN: SG3252968338) (the " 5-Year Bonds" ) and the S$80,000,000 3.15 per cent. Bonds due 2018 (ISIN: SG3253968345) (the " 7-Year Bonds" and, together with the 5-Year Bonds, the " Bonds" ), in each case, issued by F& N Treasury Pte. Ltd. (the " Company" ) and unconditionally and irrevocably guaranteed by Fraser and Neave, Limited (" F& N" )

Reference is made to the announcement made by the Company and F& N on 28 October 2013 in relation to the commencement of the consent solicitation process by the Company in connection with the Bonds.

The Company wishes to announce that the Extraordinary Resolution tabled at the meeting of the holders of the 5-Year Bonds on 14 November 2013 has been duly passed as an Extraordinary Resolution of the holders of the 5-Year Bonds without any amendment.

The Company wishes to announce that the required quorum was not achieved at the meeting of the holders of the 7-Year Bonds on 14 November 2013. Accordingly, the meeting of the holders of the 7-Year Bonds has been adjourned. Subject to finalisation of all relevant arrangements, the meeting is expected to be reconvened for 3.30 p.m. (Singapore time) on 29 November 2013 at Level 2, Alexandra Point, 438 Alexandra Road, Singapore 119958.

Read more......SGX announcement 256 to 261

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14-Nov-2013 22:44

F & N / F&N

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ANNOUNCEMENT

Reference is made to the announcement made by the Company on 28 October 2013 in relation to the commencement of the consent solicitation process by the Company in connection with the Notes.

The Company is pleased to announce that the Extraordinary Resolution tabled at the meeting of the holders of the Notes on 14 November 2013 has been duly passed as an Extraordinary Resolution of the holders of the Notes without any amendment.

Results of meeting of the holders of the outstanding S$150,000,000 3.62 per cent. Notes due 2015 comprised in Series 003 (ISIN: SG7E40927117) (the " Notes" ) issued by Fraser and Neave, Limited (the " Company" ) pursuant to its S$1,000,000,000 Medium Term Note Programme established on 26 August 2002

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14-Nov-2013 22:33

Elite KSB / Elite KSB

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If I am the SSH, I will sell all the way down to ZERO.........mic high lang........Lol

WanSiTong ( Date: 14-Nov-2013 22:30) Posted:

The SH will wake up one day..... Lol

terencee ( Date: 14-Nov-2013 22:27) Posted:

Basically the shareholders are no longer bothered about the price up or down. They took their pay outs. This counter is dead. Left for shortist to cover each other. LOL.. Its a joke to see sellers going all the way in. Only to find out other sellers are inside together too. Then at the end of the day, everyone buy all the way up. No one benefits. If one day the shareholders come back and find the price so high, they might sell. And its shortists who helped push up the price and made everything happen. LOL

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14-Nov-2013 22:30

Elite KSB / Elite KSB

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The SH will wake up one day..... Lol

terencee ( Date: 14-Nov-2013 22:27) Posted:

ahmah00 ( Date: 14-Nov-2013 19:36) Posted:

today's short sellers aren't a lot, only 242 lots. It's all a waiting game. The bid-ask spread was crazy this morning, showing how low the buyers are actually willing to fork out for this zero value stock. But I do agree that it was the shortsellers who eventually push the stock up at the end of today. Waiting to see more show tomorrow

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14-Nov-2013 22:27

CapitaLand / Capitalmalls Asia cheong more than Capitaland ?

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The parent is lucky enough to have such a bright son.............Lol

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14-Nov-2013 22:08

Midas / Midas

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3Q turn around from loss of Rmb 6.1m last year to profit of 16.4m this year............ good or not?

lzt197208 ( Date: 14-Nov-2013 20:10) Posted:

Anyone can tell me the result is good or very good?

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14-Nov-2013 21:46

Midas / Midas

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Outlook

According to the China Railway Corporation (" CRC" ), China?s national railway operator, railway fixed asset investments for the first nine months of the year reached RMB369.7 billion, which was a 7.4% increase from the previous corresponding period. This follows an earlier announcement by the CRC that it will be raising annual investments in fixed assets to RMB660 billion in 2013.

In China?s 12

" The Chinese Government?s continued focus on developing the PRC railway network will definitely generate opportunities for industry players. Accordingly, we are optimistic that Midas will be able to leverage on its leadership position in the PRC market as well as NPRT?s capabilities to secure further growth. Our strategy remains unchanged, and the Group will continue to harness growth opportunities in the PRC and exports to generate value for our shareholders," Mr Chew concluded.

th 5-year plan for railway development, China will have around 123,000 km of railways in operation by 2015, including 18,000 km of high-speed railways and an express railway network totaling 40,000 km in length. The CRC plans to have approximately 5,500 km of new railway lines put in operation by end 2013, extending the size of the rail network to over 100,000 km, while the high-speed rail network will exceed 10,000 km.

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14-Nov-2013 21:37

Midas / Midas

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3Q 2013 : Profit after Tax RMB 16.4m (2012 : Loss 6.1m)

9 mths 2013 : PAT 26.4m ( 2012 : 10.7M)

NAV : Rmb 2.42

Following the PRC Government?s pledge to speed up railway investment, China Railway Corporation (" CRC" ), China?s national railway operator, said in October that railway fixed asset investments for the first nine months of the year reached RMB369.7 billion which was a 7.4% increase from the previous corresponding period. CRC had also earlier announced that it will be raising annual investments in fixed assets to RMB660 billion in 2013.

繼中國政府承諾加快鐵路投資後，中國鐵路總公司於十月份公佈今年頭九個月的鐵道固定資產投資達人民幣 3,697億元，比去年同時期增長 7.4%。中國鐵路總公司早前也曾宣佈在二零一三年將增加年度固定資產投資達人民幣 6,600億元。

According to the country?s 12

按國家第十二個五年計劃之鐵路建設規劃，中國在二零一五年投入營運之鐵道將達至約 123,000公里，其中包括 18,000公里的高速鐵道和總長達 40,000公里的特快鐵路網絡。中國鐵路總公司預計在二零一三年底新增投入營運之鐵路約 5, 500公里，鐵路網絡規模將延長至超過 100, 000公里，高速鐵路網絡將超過 10,000公里。

Such positive developments are expected to benefit industry players and the Group remains moderately optimistic on the outlook of China?s railway industry over the mid to long-term. Further, the Group?s order book has also received a healthy boost of approximately RMB433.6 million between July and October, backed by contracts from international and PRC customers, as well as the Group?s first high-speed train contract since 2011.

這些正面發展預計將令業者們受惠以及本集團仍然對中國鐵道行業的中長期前景持適度樂觀的態度。此外，集團的總訂單於七月份至十月份之間取得約人民幣 4億 3,360萬元的健康增長，主要受惠於海內外客戶所頒發的合同以及集團自 2011年獲得的首單高速列車合同。

At the export front, the Group continues to make good progress in its strategy to grow its businesses, securing additional projects for the European, Russian and Singapore market in 2013. Moving forward, the Group will continue to actively identify and harness opportunities in other product segments as well as in export markets.

集團在發展其出口市場業務的策略上繼續取得良好的進展，於二零一三年在歐洲、俄羅斯及新加坡市場獲得額外的項目。展望未來，本集團將會在其它產品領域及出口市場繼續積極地物色及爭取機會。

th 5-year plan for railway development, China will have around 123,000 km of railways in operation by 2015, including 18,000 km of high-speed railways and an express railway network totaling 40,000 km in length. The CRC plans to have approximately 5,500 km of new railway lines put in operation by end 2013, extending the size of the rail network to over 100,000 km, while the high-speed rail network will exceed 10,000 km.

tianji ( Date: 14-Nov-2013 18:38) Posted:

So Ruan.

Mine clearer lar.

NEWS RELEASE

MIDAS ACHIEVES NET PROFIT OF RMB16.4 MILLION FOR 3Q2013

- Revenue up 48.5% to RMB301.0 million on higher contributions from the Aluminium Alloy Extruded Products Division

- Bottomline lifted by RMB10.9 million in contributions from NPRT

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14-Nov-2013 21:10

Attilan / could it be takeover rumour for Asiasons capita?

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3Q 2013 Profit : 33.2m ( 2012 : Loss 5.6m)

9 mths 2013 Profit : 31.6 m (2012: Profit 16.8m)

*Subsequent to the end of reporting date of 30 September 2013, the price of quoted securities which the group has a significant stake experienced a sharp decrease in market price. Based on quoted securities price as at the close of 12 November 2013 and assuming that the quoted securities continue to trade at around this price level, the negative impact arising from fair value loss on the Group?s results for Quarter 4 ending 31 December 2013 would be approximately S$106 million.

The slowdown in the economic growth of China through affecting the South East Asian Countries export driven economic growth, has caused a shift towards domestic consumption and reducing the reliance on exports. In the coming months, the Group will continue to focus its strategy in Indonesia, Thailand, Malaysia and Singapore where the consumer consumption is still relatively strong.

The events immediately after the end of reporting date as at 30 September 2013 had caused a sharp decline in the share price of the Company. The Company expects to face challenges in its fund raising activities in its fund management business in the coming months ahead.

For the significant events after the end of reporting date of 30 September 2013, the management would also like to refer to the announcements made by the Company on 17 October 2013 ?Proposed Acquisition of 27.5% of Class B units in Black Elk Energy Offshore Operations LLC? and on 30 October 2013 ?Proposed Convertible Loan Facility of up to S$25 million?.

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14-Nov-2013 17:30

Olam Intl / OLAM_OLAM

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Q1 FY2014 RESULTS: PATMI UP 5.7%, EBITDA UP 11.7%,

A$200m sale and lease back of Australia almond plantation assets PATMI up 5.7% to S$45.6 million, on the back of 11.7% EBITDA growth driven by margin expansion in upstream and midstream activities and organic growth in core supply chain activities



 Maintained Sales Volume at 3.67 million metric tonnes in line with high-growth Q1 FY2013. Sales Revenue declined by 7.9% due to lower commodity prices

 Improvement in Free Cash Flow to Firm (FCFF) from negative S$706.8 million in Q1 FY2013 to positive S$46.0 million in Q1 FY2014

 A$220m cash to be released from sale and lease back of almond plantation assets and sale of cotton gin in Australia

GOOD PROGRESS ON STRATEGY IMPLEMENTATION AND CASH FLOW GENERATION

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14-Nov-2013 17:21

Swiber / Swiber

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Swiber Holdings - In ?restart? mode

Written By Stock Fanatic on Thursday, November 14, 2013

Core earnings for FY14 could decline due to the lack of orders in 2013, which, in addition with suppressed margin, brings Swiber back to where it was post GFC. The c.US$100m net proceeds from the Kreuz divestment will make hardly a dent in its high net gearing of 0.9x.

We downgrade the stock to Underperform from outperform. 9M13 net profit was below our expectations, at 64% of our FY13 forecast and consensus, mainly due to lower margins and higher tax. We cut FY13-15 EPS by 26-48% for lower order wins. Our lower target price is based on 0.6x FY14 P/BV, 1 s.d. below its 3-year mean (previously 30% below 5-year mean). Re-rating catalysts include resumption of order momentum and margin expansion.

Margin decline 4Q13 could be worse

3Q13 revenue was stable at US$274m, coming from the execution of jobs in Southeast Asia. However, gross margin dipped to 14.2% (1H13: 16%). We lower our gross margin assumptions for FY13-15 to 14.5-15% from 16-17% as we believe Swiber could take some time to improve its margins for jobs in new markets such as Mexico as it climbs the learning curve.

With few jobs for execution in India and the monsoon season in Southeast Asia, 4Q13 revenue could dip qoq, resulting in negative operating leverage (c.US$240m operating expense/quarter).

Order lacklustre

With no contracts secured in 3Q13, the order book has declined 33% qoq to US$900m (50% to be booked in FY14), which could impair FY14-15 earnings visibility. Swiber attributed the weakness in contract awards in 2013 (FY12: US$1.2bn) to the shifting of bid timelines by customers. The tender book, however, is still strong at about US$2bn. We cut our order target for FY13 from US$800m to US$500m but keep FY14 at US$800m.

Technical Analysis

Daily Chart

Kreuz not a done deal

The divestment of Kreuz at about 6x CY14 P/E is deemed to be unattractive and we believe there is a chance that the deal may not go through, subject to the EGM in Dec 13. (Read Report)

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14-Nov-2013 16:42

Elite KSB / Elite KSB

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Lol........ chicken farm bouey toh!

ahmah00 ( Date: 14-Nov-2013 09:42) Posted:

they waiting for miracle. i waiting for this to toh.

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