/> ShareJunction - Member Posts
logo transparent gif
top_left_edge top_white_spacer top_right_edge
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Forex Investor Insights Investment News Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back

Latest Posts By dealer0168 - Elite      About dealer0168
First   < Newer   1401-1420 of 2601   Older>   Last  

08-Aug-2009 10:55 Sembcorp Ind   /   Any good news?       Go to Message
x 0
x 0

SembCorp Industries: Buy (Citi Research, 7 Aug)
SCI's 2Q09 results of $142m profit (+6% qtr-on-qtr, +3% year-on-year) beat our estimates. Oil & Marine remained the key profit driver, accounting for 60% of profits (vs. 57% in 2Q08) while Utilities profit reached $48m, in-line with our forecast. Industrial parks (S$7m profit) was unchanged yoy. Revenue reached S$833mn, down 25% yoy largely due to lower HSFO prices while PATMI increased 11% yoy to S$48mn. Both China and the Middle East performed well while Vietnam Phu My 3 power delivered sterling strong profit growth on the back of a 15% tariff increase, and contributed "double-digit" profit. Overseas operations now contribute about 45% of sales. Singapore PATMI declined 31% yoy to S$29m due to absence of fuel sales (S$15m) and tax write-back (S$3.8m) enjoyed in 2Q08. Proposed closures by Dow Chemical, Croda and Invista at Teeside would affect ~30% of UK revenue by 2010. The strategy now is to reconfigure the assets, cost structure and secure new income streams. SCI has had measured success so far, with three new customers expected to come onboard and help to partially offset the weakness. Growth prospects in the UK remain muted in 2010, but this is already captured in our assumptions and more than priced in, given the about 40% Utilities discount to peers. We have trimmed Utilities EPS by 5-8% but raise our group EPS estimates by 12-21% for FY09-11E, factoring in stronger SembMarine contribution. We have raised our target price for SCI from S$3.40 to S$3.95.


SembCorp Industries: Buy (UBS Investment Research, 7 Aug)
SCI's Q209 earnings were broadly in line with expectations and there is a sense that operating conditions have started to improve to pre-crisis levels for SCI’s utilities business in Singapore, China, Vietnam and the Middle East. However, we are concerned about customer withdrawals at SCI's UK business, which accounts for about 22% of H109 utilities earnings (15% of group), as the issues are structural – we expect permanent impairment to parts of the current business model. Three major customers which account for 30% of SCI's UK revenue, Dow Chemicals, Croda and Invista, will be pulling out of the UK site by 1Q2010. The fate of a 4thh customer, Artenius, is unclear due to its parent's credit issues. We are concerned that further departures might follow. We estimate profits from UK will fall from £27m in 2008 to £19m in 2009, and could fall further to £8.5m in 2010. Using simple DCF, we think this impacts SCI's valuation by about S$0.28/SCI share. SCI's ex-SembMarine valuation is not aggressive but we think the dent in earnings confidence would weigh on the stock. Although we cut group 2010E net profit estimates by only 5% for the loss of earnings, this does not yet include staff restructuring costs nor impairment charges on assets. Sum of parts based price target maintained at S$4.04 remains unchanged despite UK impact as the market values of SCI's stakes in SMM and Gallant Venture have risen.


SembCorp Industries: Buy (Deutsche Bank, 6 Aug)
SCI's 1H09 net income was up 5.5% to S$276m, largely contributed by the Marine business, which grew 18% yoy to S$159m. Utilities net income was down 5% yoy to S$99m partly due to the UK operations, following the expiry of the favourable supply contracts. Valuations remain attractive; SCI highlighted that three customers (30% of UK utilities revenues) are planning to shut down by early 2010. Management is currently reconfiguring assets to secure other income streams (replacing steam demand with more power and maximizing green credits). While the new SABIC, Ensus and Yara plants are expected to come on stream in 2H09/1H10, we believe they can only partially offset the closures. Utilities as a division, however, is seeing strong growth in Vietnam (tariffs up by 15%), China and the Middle East, which collectively saw 1H09 net earnings increase 145% yoy to S$20m. Centralised Utilities in Singapore has also seen solid demand for steam with 90% of the customers operating at full load. While 1H09 PATMI for the Singapore operations was down 13% yoy to S$60.7m, this was largely due to 1H08 benefiting from the sale of strategic fuel and higher gas transportation costs following the transfer of pipeline back to the government. SCI provides a combination of stability (through its utilities business) and growth (from its Marine division), and is backed by strong fundamentals. Our SOTP yields a target price of S$4.20. Downside risks include the execution of its projects, unforeseen market risks in the countries in which it has invested, and sustained credit problems or contract execution failures for SMM.

Good Post  Bad Post 
08-Aug-2009 10:41 Keppel Land   /   Still can go up tomorrow?       Go to Message
x 0
x 0

Actually $3 may hit soon, maybe this mth.

Cheers.

 



chewwl88      ( Date: 08-Aug-2009 00:53) Posted:

If market remain good. It will hit $3 in two month time. 

cheerSmiley



maxcty      ( Date: 06-Aug-2009 14:52) Posted:

same feel with u...long term point of view is more than 3$..I aiming for at least 6~7$.

 
Good Post  Bad Post 
08-Aug-2009 10:30 Genting Sing   /   GenSp starts to move up again       Go to Message
x 0
x 0

Genting SP qtr result currently is like that one. Should not have any impact to its share value. People are looking at its future value. (my opinion)

Cheers.

 
Good Post  Bad Post 
08-Aug-2009 00:45 Others   /   A or B       Go to Message
x 0
x 0

Btw i'm refering to those that buy n hold.

 



dealer0168      ( Date: 08-Aug-2009 00:42) Posted:

Quite truth. Unless buy at real bottom. Or buy when real recovery start (n that means no more serious back track on STI index).

People that buy at high n hold at high........... than that is a wrong investment choice. But now, we are not at high.

Cheers.



iPunter      ( Date: 07-Aug-2009 23:51) Posted:



When a stock is rising, many will quickly sell it off and grab the profit.

Others will hold and wait for it to go higher... 

Both types will lose out, since they do not have any guide to TP and SL.

Thus the solution is for noobes to be intimately conversant with price charts before talking about buying and selling stocks.... Smiley
Good Post  Bad Post 
08-Aug-2009 00:42 Others   /   A or B       Go to Message
x 0
x 0

Quite truth. Unless buy at real bottom. Or buy when real recovery start (n that means no more serious back track on STI index).

People that buy at high n hold at high........... than that is a wrong investment choice. But now, we are not at high.

Cheers.



iPunter      ( Date: 07-Aug-2009 23:51) Posted:



When a stock is rising, many will quickly sell it off and grab the profit.

Others will hold and wait for it to go higher... 

Both types will lose out, since they do not have any guide to TP and SL.

Thus the solution is for noobes to be intimately conversant with price charts before talking about buying and selling stocks.... Smiley
Good Post  Bad Post 
08-Aug-2009 00:02 Midas   /   Midas       Go to Message
x 0
x 0

Yup, u are right. N of course i won't wait until $1.19 to go off.

Cheers.

 



richtan      ( Date: 07-Aug-2009 23:56) Posted:

IMO, dun worry, I think it will be reached, but as a TA trader, I dun buy n hold and wait for 1.19, but trade the reversal signs to maximise my profits.

dealer0168      ( Date: 07-Aug-2009 23:22) Posted:



Still waiting patiently for the possible $1.19.....as ploted by RichTan TA chart.......

Cheers.
Good Post  Bad Post 
07-Aug-2009 23:41 Others   /   A or B       Go to Message
x 0
x 0

TA to me, is meant fr short term trader (my opinion). Its useful for us to profit more with good / better entry price.

A true investor (long term investor) looks at timing n not entry price. Bc they will be holding their stock for quite long/ quite a while..................

To be frank, current situation, u may want to consider buy n hold strategy (n that is yr B option). Bc market sentiment is recovering..................

And i feel 3rd qtr will be the trigger point.

So maybe this round we can hold our stock longer abit.

(Just my opinion)

 



fartist      ( Date: 07-Aug-2009 21:15) Posted:

Im thinking of that too. We are not always right and TA is not always 100% accurate.

So there's a part of me thinking to go with B.

But there are times a correction is very imminent.

So guess what? I did both.



lawcheemeng      ( Date: 07-Aug-2009 20:54) Posted:

if ur timing is right every time, buy low, sell  high then correction low buy again, then repeat of course A is the better chioce lah. however timing may not be right every time.mah. so they r loser  in the stock market.. .


Good Post  Bad Post 
07-Aug-2009 23:22 Midas   /   Midas       Go to Message
x 1
x 0

Still waiting patiently for the possible $1.19.....as ploted by RichTan TA chart.......

Cheers.
Good Post  Bad Post 
07-Aug-2009 23:20 Yanlord Land   /   Lord of China Prop       Go to Message
x 0
x 0

Emm depends. I thk the property tax problem may not be a problem to them. As they may transfer the tax to the buyer.

But the main problem may be on the news that Construction Bank would cut new lending by 70%............ (my opinion)

 
Good Post  Bad Post 
07-Aug-2009 21:53 Keppel Land   /   Still can go up tomorrow?       Go to Message
x 0
x 0

Some say maybe bc Kepland China exposure in property is not high. Thus not really affected by:

> property tax imposed by china

But i don't think the property threat got any potential problem to foreign investor like Capland/Kepland / CityDev/etc. Normally foreign investor have some waiver if not wrong (to attract foreign company to their nation). Those property company originate fr China will be more affected instead.

 



Peg_li      ( Date: 07-Aug-2009 19:12) Posted:

Most of stocks fell today,but kepland up 1 cent.it performed so good.anybody can explain?

dealer0168      ( Date: 07-Aug-2009 18:36) Posted:

Solid n strong.........my baby.
Good Post  Bad Post 
07-Aug-2009 21:45 Abterra   /   Any comment for ABTERRA?       Go to Message
x 0
x 0

Btw i mean the acheived target price.



dealer0168      ( Date: 07-Aug-2009 21:44) Posted:

This one if heng, we may get a 0.15. Hehe

iPunter      ( Date: 07-Aug-2009 21:04) Posted:

I would say those who got it @ .05 today stand a good chance to smile to the bank soon... Smiley
Good Post  Bad Post 
07-Aug-2009 21:44 Abterra   /   Any comment for ABTERRA?       Go to Message
x 0
x 0 		This one if heng, we may get a 0.15. Hehe

iPunter      ( Date: 07-Aug-2009 21:04) Posted:

I would say those who got it @ .05 today stand a good chance to smile to the bank soon... Smiley
Good Post  Bad Post 
07-Aug-2009 21:04 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0

Zhong yu Ku Jin Gan Lai

for those who hold on to their stock.

Cheers.
Good Post  Bad Post 
07-Aug-2009 20:40 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0

Next week will see further growth in STI index.

Cheers.

Good Post  Bad Post 
07-Aug-2009 18:37 Healthway Med   /   healthway, healthy?       Go to Message
x 0
x 0 		Come down abit than i got  chance mah......hahaha
Good Post  Bad Post 
07-Aug-2009 18:36 Keppel Land   /   Still can go up tomorrow?       Go to Message
x 0
x 0 		Solid n strong.........my baby.
Good Post  Bad Post 
07-Aug-2009 18:34 Others   /   Bear Or Bull ?       Go to Message
x 0
x 0 		I want a bull, i want a bull, i want a bull.......hahaha
Good Post  Bad Post 
07-Aug-2009 18:33 Others   /   Bear Or Bull ?       Go to Message
x 0
x 0 		Mr risktaker, how u know???? Do u mind sharing more of yr finding.

risktaker      ( Date: 07-Aug-2009 18:08) Posted:



Oversea Funds is clearly withdrawing from singapore. Unless Local funds step in ... Next week will be very very bad ... looking at 2400++

I saw some sign of local funds stepping in today. So Good luck to anyone who vested today. Also Richtan comment regarding Midas is true. Good luck richtan :) 
Good Post  Bad Post 
07-Aug-2009 16:42 Yanlord Land   /   Lord of China Prop       Go to Message
x 0
x 0

Not a good news fr Yanlord:

CCB to Cut New Lending by 70%, President Zhang Says (Update3)

By Bloomberg News


Aug. 7 (Bloomberg) -- China Construction Bank Corp. President Zhang Jianguo said the nation’s second-largest bank will cut new lending by about 70 percent in the second half to avert a surge in bad debt.

“We noticed that some loans didn’t go into the real economy,” Zhang, 54, said in an interview yesterday at the bank’s headquarters in Beijing. “I feel that some industries are expanding too rapidly. For example, housing prices are rising too fast, and housing sales are growing too fast.”

Construction Bank plans to extend about 200 billion yuan ($29 billion) of new loans in the second half, down from 708.5 billion yuan in the preceding six months, Zhang said. The company advanced 238 billion yuan in the year-earlier period.

Zhang’s comments add to evidence that Chinese banks may curtail credit after they advanced a record $1.1 trillion of new loans in the first half, almost equivalent to India’s gross domestic product last year. The benchmark Shanghai Composite Index has rallied 84 percent in 2009 and real estate and land prices have rebounded, fueling concern that loans meant for infrastructure projects are being used for speculation.

The benchmark index dropped for a third day, losing 1.3 percent, as developers including Poly Real Estate Group Co. and China Vanke Co. tumbled on news that Construction Bank would curb new lending. Construction Bank slipped 3.2 percent to HK$5.75 at the 12:30 p.m. trading break in Hong Kong.

Risks

The People’s Bank of China said Aug. 5 it will use “dynamic fine-tuning’ and guide ‘‘appropriate’’ loan growth. The statement suggests the central bank will tighten monetary policy, said Galaxy Securities Co. chief economist Zuo Xiaolei. Construction Bank said last month it plans to follow government monetary policy.

Construction Bank’s market value of $176 billion ranks it third among banks in the world by that measure, behind Industrial & Commercial Bank of China Ltd. and HSBC Holdings Plc.

China spent about $650 billion cleaning up its banking system over the past decade after years of state-directed lending caused a pile-up of bad debts. Excess capacity in some industries and a property bubble has led to increased risks for banks, said Zhang.

‘‘Our experience is, a period of time after rapid economic growth and rapid bank lending growth, problems will emerge gradually,’’ he said. ‘‘The risk is evident.’’

While slowing loans at home, Zhang said he plans to expand abroad to close a gap with ICBC and Bank of China Ltd. Shares of Construction Bank have gained 36 percent in Hong Kong this year.

Asia Acquisition

Construction Bank is in advanced talks about an acquisition in Asia outside mainland China, Zhang said. The deal has gotten regulatory approval and may close in the next two to three months, he said. Zhang declined to identify the target or give the size of the deal.

The bank, with $186 billion of cash, hasn’t made any acquisitions abroad since August 2006. That’s when the Chinese lender bought Bank of America Corp.’s Hong Kong and Macau unit for $1.25 billion, gaining 17 outlets.

‘‘Our disadvantage is that our overseas development isn’t adequate,” Zhang said. “We didn’t grasp enough acquisition opportunities in the past few years.”

Revenue from outside mainland China accounted for 1.7 percent of Construction Bank’s total in 2008. The bank has outlets in New York, London and a representative office in Sydney, and is seeking a banking license in Vietnam, Zhang said. Larger rival ICBC has spent more than $6 billion on acquisitions in Indonesia, Macau and South Africa in the past two years.

U.S. Dollar

Construction Bank is also seeking to buy “close to” 50 percent of China Cinda Asset Management Corp., one of the four firms set up by the government in 1999 to clean up banks’ balance sheets after they racked up bad debts, said Zhang. The bank needs approval from the finance ministry and from regulators for the purchase, he said. Cinda is fully state owned.

Zhang expressed confidence in the dollar, saying it won’t be supplanted as the world’s reserve currency anytime soon. Chinese policy makers have said they favor an eventual shift in the global currency reserve system away from the dollar, suggesting wider use of an International Monetary Fund unit of account.

“For quite a few decades, the U.S. dollar is the best currency for international reserves, the currency to be used among us in the markets,” Zhang said.

Infrastructure Financier

Construction Bank is one of the main beneficiaries of demand for infrastructure loans induced by China’s 4 trillion yuan economic stimulus package. Established in 1954 to fund building of roads, bridges, dams and other infrastructure, it was the nation’s biggest mortgage lender until the first half of 2008, when ICBC pushed it to second place.

China’s total outstanding loans climbed 34 percent from a year earlier to 37.7 trillion yuan as of June 30. Credit growth will slow from that “unsustainable” pace to about 15 percent in 2010 as the strengthening economy reduces the need for loan support, Goldman Sachs Group Inc. said in a report last month.

“Self-discipline is probably what Chinese banks need at this moment,” said May Yan, a Hong Kong-based analyst at Nomura International HK Ltd. “It will do them more good than harm in the long run.”
Good Post  Bad Post 
07-Aug-2009 15:33 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0 		The rain is getting heavy.............bloody one....haha
Good Post  Bad Post 
First   < Newer   1401-1420 of 2601   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.