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06-Aug-2009 13:33

Midas / Midas

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No..no...afternoon onwards, should be NDP pre-celebration.........haha

Should see Midas going up liao. Cheers.

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06-Aug-2009 11:48

Midas / Midas

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u bought at what price?

risktaker ( Date: 06-Aug-2009 11:32) Posted:

I think today afternoon gonna try 0.82

T.T my pocket kenna burn $4000 so far

solar2008 ( Date: 06-Aug-2009 11:08) Posted:

midas sustaining well so far at 0.84.

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06-Aug-2009 11:47

FSL Trust / FSL Trust - starting to see value in it

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Almost quite alot of the company are reducing on the divi bc of recession. If next year, economy recover u may see the ~US$ 0.0365 per qtr back (the high, around there). And best thing is the share value also up.

Lastly, FSL only mentioned last 2 qtr guidance divi forecast is possible at US$0.015. Never say confirm or forever. Come on recession, we can't ask fr a Sky.

Anyway u may choose to get it when economy recover, but maybe at $1 per lot.

Cheers pal.

nickyng ( Date: 06-Aug-2009 11:34) Posted:

assumming US$0.015 per qtr for yr 2010 at 60cts now..that is abt 13% yield siah !! :P

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06-Aug-2009 11:26

China Sports / China Sport

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ooo the message is abit messy. Anyway the date is fr Book Closure Date. Maybe earlier......... wait for SGX announcement for actual XR date.

dealer0168 ( Date: 06-Aug-2009 11:13) Posted:

Busy with work, jus saw yr message. I think is earlier than 19Aug09, not quite sure as well. Bc that date is fr:

NOTICE OF BOOKS CLOSURE DATE

Notice is hereby given that the register of members and the share transfer books of our Company will

be closed at 5.00 p.m. (Singapore time) on

of determining the provisional allotments of Rights Shares of Shareholders under the Rights Issue.

Normally book of closure is later than XR if i am not wrong. Maybe tomorrow or later, SGX will provide a clearer date.
19 August 2009 (“Books Closure Date”) for the purpose

tradinglover ( Date: 06-Aug-2009 10:52) Posted:

Thank u. I saw on SGX web, think ex date should be 19th Aug right?

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06-Aug-2009 11:13

China Sports / China Sport

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Busy with work, jus saw yr message. I think is earlier than 19Aug09, not quite sure as well. Bc that date is fr:

tradinglover ( Date: 06-Aug-2009 10:52) Posted:

Thank u. I saw on SGX web, think ex date should be 19th Aug right?

dealer0168 ( Date: 06-Aug-2009 10:43) Posted:

If u want Right, when u see CR...... can start accumulating already. Those bought b4 XR, will be entitle to subscride the Rights

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06-Aug-2009 10:43

China Sports / China Sport

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If u want Right, when u see CR...... can start accumulating already. Those bought b4 XR, will be entitle to subscride the Rights.

tradinglover ( Date: 06-Aug-2009 10:33) Posted:

Are we entitled to the rights if buy today?

dealer0168 ( Date: 06-Aug-2009 10:25) Posted:

Sorry typo error, can only sell when XR

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06-Aug-2009 10:25

China Sports / China Sport

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Sorry typo error, can only sell when XR.

dealer0168 ( Date: 06-Aug-2009 10:24) Posted:

Can only sell after XR. Than u entitle to get the Right. Don't anyhow sell now if u want the RIGHT.

daniel2356 ( Date: 06-Aug-2009 10:18) Posted:

Can I sell my share now,and still be entitled to the rights? Not very sure leh

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06-Aug-2009 10:24

China Sports / China Sport

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Can only sell after XR. Than u entitle to get the Right. Don't anyhow sell now if u want the RIGHT.

daniel2356 ( Date: 06-Aug-2009 10:18) Posted:

Can I sell my share now,and still be entitled to the rights? Not very sure leh!

dealer0168 ( Date: 06-Aug-2009 09:51) Posted:

CR started...........cheers.

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06-Aug-2009 10:23

FSL Trust / FSL Trust - starting to see value in it

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Emm u will see which one in better "luck" when it XD. That time i may go in...........

nickyng ( Date: 06-Aug-2009 09:26) Posted:

rickmer and FSL...seems that the former has better "luck" then laterer siah...not stock price oso almost even :P looks like dumping subsided???

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06-Aug-2009 10:21

FSL Trust / FSL Trust - starting to see value in it

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That time yr price i doubt will get anymore. Unless a major slump steps in.

Anyway, can collect on the way, if it drop somemore. This pricing to me is still ok to stay vested. (my opinion)

No one can predict the market movement. Maybe .......on the way will only left with slight correction.....than on the way slowing go up liao.

freeme ( Date: 06-Aug-2009 09:55) Posted:

that time div yield at 40% ma.. both rickmer n FSL sama sama. But didnt buy in much.. since then i hav offload FSL n put more over to rickmers. But I still wish to buy back FSL someday. N hopefully at lower px. Maybe once correction sets in, we might got chance..

dealer0168 ( Date: 05-Aug-2009 14:13) Posted:

Frankly speaking that time the price u collect really attractive....

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06-Aug-2009 09:51

China Sports / China Sport

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CR started...........cheers.

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06-Aug-2009 08:12

Neptune Orient L Rg / NOL

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Neptune Posts Third Consecutive Loss as Trade Slows (Update1)

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By Chan Sue Ling

Aug. 6 (Bloomberg) -- Neptune Orient Lines Ltd., Southeast Asia’s largest container carrier, posted its third consecutive quarterly loss as the global recession pummeled trade and freight rates.

The company posted a net loss of $146 million in the second quarter, compared with a net income of $76 million a year earlier, it said in a Singapore stock exchange statement today. Revenue fell 38 percent to $1.39 billion in the period.

Neptune Orient carried 19 percent fewer containers in the last quarter as European and U.S. consumers pared purchases amid the deepest recession in half a century. Chief Executive Officer Ron Widdows took a pay cut, idled ships and accelerated cost cuts after freight rates sank to the lowest level in six years.

“It won’t be easy for them to raise rates,” said Alfred Low, an analyst at Phillip Securities Research Pte in Singapore. “The challenge now is excess capacity.”

The stock fell 1.7 percent to S$1.69 in Singapore trading yesterday. The results were released before the market opened for trading. Of the 18 analysts tracked by Bloomberg, 11 are recommending that investors sell the stock, three with “buy” calls, with the remainder having “hold” ratings.

Depressed Conditions

“Business conditions remain depressed,” Widdows said in a statement today. “This continued to impact our financial performance.”

Global trade may shrink 10 percent this year, the most since World War II, due to sluggish demand, according to the World Trade Organization. Container lines worldwide could rack up $10 billion of losses this year, Lloyd’s List said, citing Mitsui O.S.K. Lines Ltd. President Akimitsu Ashida.

Widdows, who became chief executive last year, took a 20 percent cut in basic pay voluntarily from March, while non- executive directors have accepted a 20 percent reduction in their fees. The company aims to more than double its cost- savings target for the year to as much as $550 million.

For the year, Neptune Orient may post a loss of $518.5 million, according to the median forecast of 10 analysts surveyed by Bloomberg. That would be the biggest loss in at least 20 years, according to Bloomberg data.

Raising Rates

Shipping companies are now trying to increase freight rates after an April attempt collapsed amid rising competition and a 20 percent drop in demand, Transpacific Stabilization Agreement, a group of 14 members including APL and China Cosco Holdings Co., said last month. Average revenue per container sank as much as $1,200 from October to May, the TSA said.

In the four weeks ended June 26, Neptune Orient’s average revenue per FEU was $2,190, the lowest in at least six years according to the company’s Web site.

Box-ship lay-ups may increase by 66 percent to 2 million twenty-foot containers by early next year, said Anthony Randall, Australian sales director at the container unit of A.P. Moeller- Maersk A/S, the world’s biggest mover of boxes by sea. Ships with a combined capacity of 800,000 containers are due to be delivered in the second half of this year, followed by a further 1.7 million boxes’ worth in 2010, he said last month.

“While liners may have seen the worst, a rapid recovery is not on the cards due to shaky global consumption and a large inventory overhang,” Rigan Wong and Horng Han Low, analysts at Citigroup Inc. wrote in a July 20 report. “Any significant hike in rates is likely to be eroded due to vessel overcapacity.”

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05-Aug-2009 22:23

Others / DOW

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Ya-ho........yesterday also drop. Than should compensate Dow tonight drop. Haha....really hope so. Cheers.

richtan ( Date: 05-Aug-2009 22:19) Posted:

Nah, already dropped 2 days

dealer0168 ( Date: 05-Aug-2009 21:54) Posted:

Typo error........ should be: Jus hope STI will resume up tomorrow since it already drop today

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05-Aug-2009 21:54

Others / DOW

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Typo error........ should be: Jus hope STI will resume up tomorrow since it already drop today

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05-Aug-2009 21:52

Others / DOW

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Today drop may not be a slight one. Anyway a good correction for Dow.

Jus hope STI will resume up tomorrow since it already drop tonight.

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05-Aug-2009 21:41

Others / DOW

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Slight drop fr Dow tonight, STI tomorrow may not drop.......... hope so.

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05-Aug-2009 21:28

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

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Below news seems to be outdated one...........sorry pls ignore.

But today slide i suspect investor anticipate Dow slide tonight.

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05-Aug-2009 21:23

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

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Published August 5, 2009

STOCKS

STI slides in anticipation of Wall Street weakness

By R SIVANITHY
SENIOR CORRESPONDENT

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AFTER gaining some 382 points in the four weeks since it closed at 2,299 on July 3, the Straits Times Index yesterday dropped 32.88 points to 2,648.76, perhaps its first significant correction during this period. A reversal in Hong Kong and a 50-points slide into negative territory for the September futures on the Dow Jones Industrial Average suggested that the selling was largely in anticipation of a Tuesday loss for Wall Street. This was also accompanied by a weak opening Europe-wide.

Turnover excluding foreign currency issues was a heavy 2.6 billion units worth $2.2 billion. Excluding derivatives there were 150 rises versus 318 falls. One dealer summarised the present sentiment thus: 'Prices have run up so much in the past four months that you have to have really surprising earnings to justify more gains.'

Most brokers responded in less than enthusiastic fashion to OCBC's results despite a supposedly better-than-expected 10 per cent rise in Q2 profit to $466 million reported on Monday.

In response, Morgan Stanley retained its 'underweight' on the stock. 'The first decade of this century is shaping up to be a 'lost one' for Singapore banks. They exited the 1997/98 Asian crisis in relatively good shape but have since failed to leverage on that position by increasing their presence meaningfully in the higher-return, higher-growth markets (such as Indonesia). . .' said MS. 'Moreover, the cloud of lending into a Singapore property bubble continues to hang over the stock.' MS set a price target of $4.60-$7.00 for OCBC.

Elsewhere, JP Morgan said it is 'neutral' on OCBC with a $7.80 target, adding that it expects the latter to reverse its year-to-date outperformance as earnings momentum could wane, while Deutsche Bank called a 'hold' with an $8.10 target. The counter yesterday lost 10 cents at $7.70 with 7 million shares traded.

In the property sector, OCBC Investment Research yesterday issued an outright 'sell' on City Developments (CDL). It raised its RNAV (revised net asset value) estimate for CDL from $7.72 to $8.20 after raising its average selling price assumptions (for various mass market developments) and taking into account a marked-to-market value of CDL's stake in Millennium and Copthorne. Together with an improving property market, OCBC Investment Research raised its CDL fair value to $8.20.

'CDL is currently trading at a price/RNAV of 1.26x and its valuation premium is the highest among peers. While we recognise its strong track record and management, we caution against paying too high a premium as there is still uncertainty in the macro environment,' said OCBC Investment Research. The stock yesterday fell 6 cents to $10.24.

The other prominent name to release its Q2 results was China shipyard Cosco Corp, though once again, analysts were largely unimpressed by the numbers. Citi Investment Research for instance, called a 'sell' saying that although Cosco has been one of the biggest underperformers in the sector this year, there are no catalysts to turn positive. 'Results and guidance suggest earnings growth will continue to be hampered by lack of progress in shipbuilding and we do not rule out potential for losses to deepen further,' said Citi. Its target price is $1.05. Deutsche Bank in the meantime, called a 'sell' with a 12 -month target of 41 cents, while Credit Suisse called an 'underperform' and set a target of 51 cents. Cosco ended 2 cents down at $1.30 yesterday with about 71 million shares traded.

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05-Aug-2009 21:07

Li Heng Chem / Li HENG

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Not really chase it too much. I'm concentrating more on other counters instead.

I can see that it progress quite slow as well. That time when i get in ....the timing is really wrong.

Anyway, let see how the 2nd qtr results first. A good positive one....may bring this counter back to life n run like a bull. Cheers.

pilotfish ( Date: 05-Aug-2009 21:01) Posted:

Hello dealer0168,

From yr posting, U are chasing after a lazy stock where the price was falling. In mid June, I posted a sign that LiHeng was rebouncing but was bombared. The price at that time was 20/20.5 cents. If U bought at that time, you are gaining now.

LiHeng is not a stock for short term investment.

Cheong Wee, Don't keep on buying, the price will come down. Dow is lossing power.... Smiley

dealer0168 ( Date: 05-Aug-2009 20:32) Posted:

If i have lost faith in Li Heng, i would have already sell it off.

I'm still having faith with Li Heng actually. Haha.

No gamble no gain. Cheers. Hope Li Heng 2nd qtr is a good one.

I'm betting on their results.

Regards the fast i mentioned is......... at least when share price proceed upwards .......proceed with big gap. Not small gap. Anyway haha maybe just have to be patient for the time being. Next tuesday Li Heng results announced. If good one. 0.26 is not considered expensive ....haha

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05-Aug-2009 20:40

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

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If STI manages to clear 2744, there is no significant resistance until 2925. So let hope the giant within STI start to wake up to make it happen.....

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