ShareJunction - Member Posts

x 0

Calm before the storm !!

https://brokingrfs.cimb.com/CMU-bJ6toGDYqSPTklmhbL4M1ulXgGeX519sadUCddN2s8w0CNiJPNUFPMhs4I67U94ACq8qLks1.pdf

x 0

If YZJ has the same profit margin as SM or Keppel, market price now would be more than $ 4 or $10 !!

pcscorpio ( Date: 26-Apr-2013 12:37) Posted:

from wad i heard yangzi's contracts the profit margin very low. much lower then sembmar or keppel's

x 0

Those attending can you ask how is the progress of :

The placement of 330m warrants with exercise price of around $1.50.

sk6666 ( Date: 26-Apr-2013 11:19) Posted:

Are you attending? Can update us the outcome of the meeting? Thanks.

oldflyingfox ( Date: 26-Apr-2013 11:14) Posted:

I think won't be so fast, but I'm surprised that it came out just before the AGM this afternoon. Let see how the chairman comment during the AGM Q& A..

x 0

12 months Prospects: (Extracted from The SGX announceement) :

The Group delivered 9 vessels in 1Q2013, and announced the cessation of 1 shipbuilding contract recently. The cessation is for one 2,500TEU container ship of which 40% deposits was collected. The Group ceased the above contract in accordance to contractual terms and confiscated the corresponding deposits so as to minimize operational risks. With the cessation of two 2,500TEU container ships announced on 22nd February 2013, the Group is now actively sourcing for potential buyers for the three 2500TEU containerships. These three 2500TEU containerships were ordered by the same owner in year 2007, and scheduled for completion in 2013.

2013年第一季度，集團共計交付 9艘船舶，並在近期宣佈終止 1艘船舶合約，此船舶為一艘 2,500TEU貨櫃輪并已收取 40%的定金。公司根據合同規定終止此訂單，並沒收相應的定金以控制經營風險。加上在 2013年 2月 22日已宣佈終止的兩艘 2,500TEU貨櫃輪訂單，集團正積極的為三艘 2500TEU貨櫃輪尋找意向買家，此三艘 2,500TEU貨櫃輪訂單均為同一客戶於 2007年定下的訂單 , 計劃將在 2013年完工。

Despite the intense competition and headwinds faced by the commercial shipbuilding industry, following the Seaspan order secured in January 2013, the Group entered into eight new shipbuilding contracts amounting to USD237 million recently, comprising five 82,000DWT dry bulk carriers, two 36,000DWT multi-purpose vessels and one 94,000DWT trans-load vessel. The orders also come with 5 optional units worth USD155 million, comprising two 82,000DWT dry bulk carriers, two 36,000DWT multi-purpose vessels and one 94000DWT trans-load vessel. With the additions to the order books as mentioned above, the Group’s outstanding shipbuilding order book stood at 65 vessels with a total value of USD3.31 billion as at the announcement date.

儘管市場疲軟競爭激烈，繼集團在 2013年 1月接獲西斯班公司的訂單後，集團又新簽八艘總額為 2.37億美元的新造船合同，新簽訂單為五艘 82,000DWT散貨船，兩艘 36,000DWT多用途船以及一艘 94,000DWT自卸船。這些訂單配有價值 1.55億美元共計五艘船東可選擇生效之合約，分別為两艘 82,000DWT散貨船，兩艘 36,000DWT多用途船和一艘 94,000DWT自卸船。在新增上述訂單後，集團在截至公告日的手持訂單價值為美金 33.1億元，共計 65艘船舶。

With the increase in recent enquires of new orders, the Group believes the down trend has stabilised. We are working closely with potential buyers to secure more orders in year 2013. The Chinese government has also announced a number of strategic measures, including their plan to consolidate 70% of the nation’s shipbuilding capacity into the top 10 local shipbuilding groups in view of the dire state of the shipping industry last year, with proposed supportive regulations recently to incentivise ship owners to demolish and rebuild vessels of more than 15 years of age, provided these vessels are reconstructed in China. In adapting to a depressed shipping industry and increasing pressure on environmental conservation, the Group has witnessed an emerging trend for smaller sized eco-ships with a focus on fuel efficiency. A number of big shipping lines have announced plans for an eco-friendly shipping fleet. The Group is well placed to leverage on this trend, and have existing capabilities to construct eco-friendly vessels of various sizes.

最近查詢新訂單增加，下降趨勢已趨於穩定，我們正與潛在買家緊密合作以在 2013年爭取到更多的訂單。基於船舶市場處於低迷期，去年中國政府宣布幾項關鍵措施中包括把全國 70%的造船量集中在國內十大造船集團。并在近期推出提供補貼給在國內重造超過 15年船齡船隻的船東的舉措。在船舶市場低迷和環保人士的壓力下，小型環保節能船也漸漸成為新趨勢，幾家大型造船公司已宣布投入資金建造環保節能船。集團在這方面有能力建造不同型號的環保節能船，迎合這股趨勢。

The Group remains focused on maximizing shareholders’ value through value creation. Progress in shipbuilding and related segments may remain slow, but investment in held-to-maturity financial assets will allow the Group to weather through the challenging times. Investment in held-to-maturity financial assets was made possible due to the Group’s accumulation of reserves throughout the years. Such investments optimize the return of these resources, thereby lifting the Group’s profitability. The Group will maintain the investment strategy and continue to adopt a rigorous risk management approach in assessing and evaluating all investments. In addition, the Group remains committed in executing its plans in its transformation into an integrated marine group with diversified revenue streams, which includes related businesses such as ship repair and ship breaking. The Group will also use this opportunity to strengthen its capabilities and increase its product range by building its offshore segment, which has already secured an order for a jack up rig in 2012.

集團將持續致力於通過價值創造最大化股東價值。造船及相關產業的增長將放緩腳步，但集團在過去數年累積的財富，使得集團有條件投資持有至到期金融資產以幫助集團渡過當前充滿挑戰的時期。此類投資也將有助優化資源的回報，從而提升集團的盈利能力。集團將保持投資策略，并採用嚴格的風險管理評估及評價所有投資。另外，集團繼續致力於打造綜合海事集團的目標，其中包括其他相關業務如修船和拆船業務。集團也將借此機會加強自身實力，加大力度擴展海工業務。集團在 2012年已贏得第一艘自升式鑽井平臺的訂單。

The Board believes that challenges give rise to opportunities. The Board remains confident of the Group’s financial performance for year 2013.

董事局相信挑戰與機遇並存，並對集團 2013年的財務表現充滿信心。

pcscorpio ( Date: 26-Apr-2013 10:49) Posted:

Shipbuilder Yangzijiang on Friday posted a 30 per cent slide in net profit to RMB717.2 million for its first quarter ended March 31, 2013, down from RMB1 billion a year ago. Revenue for the quarter fell 22 per cent to RMB2.9 billion, from RMB3.7 billion a year earlier, hit by lower contributions from its core revenue driver, the shipbuilding related segment. " The group was affected by the challenging environment faced by the overall commercial shipbuilding industry, which resulted in the cessation of one additional shipbuilding contract in 1Q2013, as well as the cessation of four shipbuilding contracts in 4Q2012 which impacted the original delivery schedule. " As a result, the group delivered nine vessels in 1Q2013, compared to 15 vessels in 1Q2012," it said. (Source: Business Times)

x 0

New malls contribute

https://brokingrfs.cimb.com/3rf1kh6UUt7HtJmlAGmE0SWX6UDB_EK4iSuedfdel9hNKIBM4NqY2anOFgCF5L_No4TcthvpcAk1.pdf

guoyanyunyan ( Date: 26-Apr-2013 08:47) Posted:

CapitaMalls Asia: Sharp execution bearing fruit

CMA’s 1Q13 PATMI came in at S$73.2m – up 9.6% YoY mostly due to contributions from Star Vista, four malls in Japan and Queensbay Mall, a S$6.6m gain from warehousing of two assets sold to CCDFII, better performance from CMT, ION Orchard and the China Funds, and a sale at The Orchard Residences. Excluding one-time items, we judge 1Q13 results to be somewhat above expectations. Given the H7N9 bird flu outbreak, shopper traffic for CMA’s Chinese malls showed a decrease of -0.9% YoY. On a same mall basis, however, tenant sales were up +15.9% YoY. We see worsening H7N9 fears potentially reducing retail traffic over the nearer term but a sustained long-term business impact, in our view, is unlikely. Maintain BUY with an unchanged fair value estimate of S$2.55.

...Prev Close: $2.04...

x 0

Last yr results out on 14 May

NoRiskNoGain ( Date: 25-Apr-2013 15:20) Posted:

Wake me up too when Vards managed to secure the Brazil yard contract. Smiley

Anyone have any idea when the result will be out ?

eddyte ( Date: 25-Apr-2013 14:50) Posted:

There was an unknown buyer of a cable layer ship in October 2012 announcement. I just wonder if this is the same contract, the delivery time is almost the same.

If it is a new contract, Vard should have announced it earlier than Tradewinds.

Anyway, can't expect much from this counter for now.... Sleepy....

Good Luck.

x 0

all resolutions relating to matters as set out in the Notice of AGM were duly passed. ie 10 dividend is approved.

tea444u ( Date: 26-Apr-2013 00:24) Posted:

Hi thanks those who responded...but wansitong...i dont understand the second part....so 10 cent div is approved right?

WanSiTong ( Date: 25-Apr-2013 23:04) Posted:

1. Notice of AGM:

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3EB0880960FA961948257B44002B9747/$file/Baker2013.pdf?openelement

2. RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 25 APRIL 2013 :

javascript:showDocns_7_2AA4H0C0908270IURSS5IF31H4_(" E16F44AE1C29FD5D48257B58003C5CAB" , " IPO New Listings" )

x 0

1. Notice of AGM:

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3EB0880960FA961948257B44002B9747/$file/Baker2013.pdf?openelement

2. RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 25 APRIL 2013 :

javascript:showDocns_7_2AA4H0C0908270IURSS5IF31H4_(" E16F44AE1C29FD5D48257B58003C5CAB" , " IPO New Listings" )

gnsmj5056 ( Date: 25-Apr-2013 22:40) Posted:

Hi

Although I did not attend the AGM today, BTL informed SGX that COO has resigned but will remain as director.

This could explain why he has been dumping the shares.

Still waiting for any feedback from any attendees at the AGM.

x 0

vested. Flyordie also vested @ 0.925 right ??

pcscorpio ( Date: 25-Apr-2013 11:07) Posted:

Who is vested?

x 0

Let's wait & see how is the performance for 1st Qtr '13 which will be announced on 14 May

x 0

Dividend 5 cents Ex date : 8 May

Flyordie ( Date: 24-Apr-2013 20:11) Posted:

Don't know is it real, my "boss" asked me to watch it closely...don't miss the boat

x 0

Kee chiew

Stormer ( Date: 22-Apr-2013 22:04) Posted:

To put it very simply: this Student shorted Vard very heavily lah. Those who agree, kee chiew!

I support your view, brother SFGRZ.

SFGuyRuleZ ( Date: 22-Apr-2013 21:04) Posted:

I am not here to debate with you nor discuss with you forum etiquette as I do not have the time also. If you think about many of the comments you posted, not just in this STX OSV forum but others as well, how many of your posts are really beneficial to investors? All I read were about feelings of yours to particular stocks and how they will sink,etc... I do like some posts commented by you which states that investor emotions determine market movement alot, which I agree to a very large extent also. Other than this, most of your posts contain negative attacks about how bad a stock fares, how low it will sink, etc... without even stating your explanation but merely just say what you wanted to say. And in any case, my intention is not to " flame" you or to argue with you, but merely out of goodwill that you should not say certain things. Once in a while I know we can be emotional in our postings about the movement of certain stocks, but definitely is not alright to do it all the time, worse when not substantiated with explanation or facts.

x 0

15 cents dividend Ex date : 29 Apr

WanSiTong ( Date: 19-Apr-2013 17:26) Posted:

you are right! down almost 2 months. Over sold, time to rebound!!?

marubozu1688 ( Date: 03-Mar-2013 00:54) Posted:

SembCorp is technically bearish now.

http://mystocksinvesting.com/singapore-stocks/sembcorp-industries/sembcorp-below-200d-sma/

x 0

you are right! down almost 2 months. Over sold, time to rebound!!?

marubozu1688 ( Date: 03-Mar-2013 00:54) Posted:

SembCorp is technically bearish now.

http://mystocksinvesting.com/singapore-stocks/sembcorp-industries/sembcorp-below-200d-sma/

x 0

SEMBCORP TO DEVELOP ITS FIRST OVERSEAS ENERGY-FROM-WASTE FACILITY IN THE UK

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_92F2F09FAB74C7AF48257B520027A7B5/$file/Sembcorp-DevelopFirstOverseasEnergy-From-WasteFacilityinUK-19Apr2013.pdf?openelement

WanSiTong ( Date: 19-Apr-2013 17:09) Posted:

Extraded from 2012 Full yr results announcement:
2013 Prospects look good !!! 15 cents dividend ex 29/4
13. PROSPECTS
Utilities
In 2013, the completion of Singapore’s liquefied natural gas (LNG) terminal is expected to increase natural
gas supply to the country. In addition, over 2,400 megawatts of new generation capacity is expected to
come onstream over the next few years, starting from 2013. The increase in gas supply and generation
capacity is expected to intensify competition and may impact the performance of our Singapore
operations.
2013 will see a full year’s contribution from our newly-acquired power assets in China and the completion
of our second woodchip boiler in Singapore in June.
The Utilities business, underpinned by long-term contracts and strong operational performance, will remain
focused on the execution of its pipeline of projects and pursuit of new growth opportunities to deliver longterm
growth.
Marine
Our Marine business has a net orderbook of S$13.6 billion with completion and deliveries stretching into
2019. This includes S$11 billion in contract orders secured in 2012 and a S$900 million contract secured
since the start of 2013.
The new yard at Tuas will commence operations in the second half of 2013 and the construction of the
Brazilian yard is on track.
The business continues to receive healthy enquiries for the various segments although competition
remains keen with effects on margin.
Urban Development
The Urban Development business is expected to deliver a better performance in 2013.
Group
The Group, underpinned by sound business fundamentals and a healthy pipeline of projects and
orderbook, continues to be well-positioned to deliver long-term growth.

x 0

Extraded from 2012 Full yr results announcement:
2013 Prospects look good !!! 15 cents dividend ex 29/4
13. PROSPECTS
Utilities
In 2013, the completion of Singapore’s liquefied natural gas (LNG) terminal is expected to increase natural
gas supply to the country. In addition, over 2,400 megawatts of new generation capacity is expected to
come onstream over the next few years, starting from 2013. The increase in gas supply and generation
capacity is expected to intensify competition and may impact the performance of our Singapore
operations.
2013 will see a full year’s contribution from our newly-acquired power assets in China and the completion
of our second woodchip boiler in Singapore in June.
The Utilities business, underpinned by long-term contracts and strong operational performance, will remain
focused on the execution of its pipeline of projects and pursuit of new growth opportunities to deliver longterm
growth.
Marine
Our Marine business has a net orderbook of S$13.6 billion with completion and deliveries stretching into
2019. This includes S$11 billion in contract orders secured in 2012 and a S$900 million contract secured
since the start of 2013.
The new yard at Tuas will commence operations in the second half of 2013 and the construction of the
Brazilian yard is on track.
The business continues to receive healthy enquiries for the various segments although competition
remains keen with effects on margin.
Urban Development
The Urban Development business is expected to deliver a better performance in 2013.
Group
The Group, underpinned by sound business fundamentals and a healthy pipeline of projects and
orderbook, continues to be well-positioned to deliver long-term growth.

x 0

x 1

Oop! Ex-date is 7/5 and not 5/7.

WanSiTong ( Date: 19-Apr-2013 12:00) Posted:

AGM date is 25/4, Dividend Ex-date is 5/7 ! Only left 2 working weeks !! Yao mai jiu kuai !!!

WanSiTong ( Date: 19-Apr-2013 11:50) Posted:

Most likely (99.99% ) the dividend will be approved

x 0

AGM date is 25/4, Dividend Ex-date is 5/7 ! Only left 2 working weeks !! Yao mai jiu kuai !!!

WanSiTong ( Date: 19-Apr-2013 11:50) Posted:

Most likely (99.99% ) the dividend will be approved !

WanSiTong ( Date: 19-Apr-2013 10:07) Posted:

AGM will be held on 25/4 (Thu), by the time it will be confirmed.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3EB0880960FA961948257B44002B9747/$file/Baker2013.pdf?openelement

x 0

Most likely (99.99% ) the dividend will be approved !

WanSiTong ( Date: 19-Apr-2013 10:07) Posted:

AGM will be held on 25/4 (Thu), by the time it will be confirmed.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3EB0880960FA961948257B44002B9747/$file/Baker2013.pdf?openelement

gnsmj5056 ( Date: 14-Apr-2013 10:11) Posted:

Hi

1.Can anyone give comments on the doubts expressed that maybe the 10c dividends may not be approved ?

Some people are buying into this counter due to the attractive dividends( I am one of them) because when they look into SGX - the BTL(568) comes with CD(cum dividends)..

2. Regarding the COO dumping shares and is still dumping .. my hypothesis is he is now - 65/66 years old and maybe calling it a day. BTL appears to be not paying very high salary for their top executives but giving them performance shares and/or warrants. Therefore he could be cashing out this 'make up' to the low salary he is getting.

3. Next earnings announcement (1Q2013) seems to be on 25 April 2013 as per Bloomberg:

http://www.bloomberg.com/quote/BTL:SP

Thanks and best regards

Vested

x 0

AGM will be held on 25/4 (Thu), by the time it will be confirmed.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3EB0880960FA961948257B44002B9747/$file/Baker2013.pdf?openelement

gnsmj5056 ( Date: 14-Apr-2013 10:11) Posted:

Hi

1.Can anyone give comments on the doubts expressed that maybe the 10c dividends may not be approved ?

Some people are buying into this counter due to the attractive dividends( I am one of them) because when they look into SGX - the BTL(568) comes with CD(cum dividends)..

2. Regarding the COO dumping shares and is still dumping .. my hypothesis is he is now - 65/66 years old and maybe calling it a day. BTL appears to be not paying very high salary for their top executives but giving them performance shares and/or warrants. Therefore he could be cashing out this 'make up' to the low salary he is getting.

3. Next earnings announcement (1Q2013) seems to be on 25 April 2013 as per Bloomberg:

http://www.bloomberg.com/quote/BTL:SP

Thanks and best regards

Vested