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Haha, actually quite truth as this burger getting more expensive to get.......
Recession, buy burger must buy cheaper one also.....(but the cheaper burger FA must also be good if to vest in it)
teeth53 ( Date: 25-Jul-2009 23:16) Posted:
| By the way...out there..some BBs may not 1 2 keep to pay up huge amount of money to get stuck when there is profit to make..so very natrually..contra off and keep those few thousand or ten of thousand dollars. unless one is sure plan is executed as accordingly as agree upon by trust and by word of mouth. So it world of BBs vs BBs..it a dog eat dog world. |
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Saw a news fr website that hint on possible DPU cut. :
1st quarter profit stronger than expected. While revenue of US$32.5m (up 10% qoq) was in line with expectations, net profit surged 54% qoq to US$11m. This was largely on the back of lower-than-expected interest expenses and the lack of transaction fees. Distributable cash flows increased 8% qoq to US$16.8m. The DPU payout of 2.14UScts corresponds to only 54% of available cash.
But even existing credit facilities may shrink. With sharp contractions in asset prices, lenders may choose to restrict the amount to be drawn down from available facilities. This is on top of the Trust’s inability to secure funding for the US$711m of committed capex due next year. At worst, the Trust may have to sell the Maersk vessels (with charter) to a 3rd party at a sizeable haircut.
Are more DPU cuts on the way? The Trust would need to repay about US$158m of loans next year, including a US$130m tranche in April’10. The possible redelivery of the Maersk Djibouti in Feb’2010 implies added revenue pressure. The 5% cut in DPU may, thus, be no more than a signal, given the uncertainties. However, at current valuations, even a 50% cut in DPU going forward would imply a FY09 yield of more than 22%. We conservatively impute a 20% cut in DPU for the next 3 quarters. Maintain HOLD, TP cut to S$0.39.
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Hang Seng breaks through 20,000 on property rebound
HONG Kong's benchmark Hang Seng Index climbed above 20,000 yesterday for the first time since the collapse of Lehman Brothers Holdings Inc, as a rebound in property prices helped push the index up 75 per cent since March.
Developers such as Sun Hung Kai Properties Ltd, the world's largest by market value, helped spur the advance. Aluminum Corp of China Ltd and Bank of China Ltd climbed as China became the first of the major economies to recover from the global recession.
Citic Pacific Ltd surged after the biggest currency derivative losses by any Chinese company prompted a government bailout.
For Lehman, 'people have pretty much put it behind' them, said Tat Auyeung, a fund manager at Apex Capital Management in Hong Kong, which oversees more than US$400 million. 'If we start seeing earnings upgrades, that will push the market even higher. That's fundamentally the most important driver.'
Rallying stocks in Hong Kong reflect speculation global efforts to repair credit markets and revive economic growth will boost profits. The Hang Seng slumped 64 per cent from its October 2007 record to its low this year in March. It fell as much as 43 per cent following Lehman's failure on Sept 15. China's pledge to spend four trillion yuan (S$843 billion) to spur growth helped drive the advance.
Hong Kong has allocated HK$87.6 billion (S$16.3 billion), or about 5.2 per cent of gross domestic product, to stimulus and relief spending since 2008. The city, battling its worst recession in a decade, probably returned to growth in the second quarter of this year as the declines in exports moderated, Financial Secretary John Tsang said on July 6.
The rally drove the average valuation of companies in the Hang Seng to 17.5 times estimated earnings as at yesterday, up from 10.6 at the beginning of this year. The gauge's 14-day relative strength index, which measures how rapidly prices have risen or fallen in that period, closed at 68.5 on Thursday, just below the 70 threshold some traders use as a signal to sell.
'This is a liquidity-driven market,' said Ben Kwong, chief operating officer at brokerage KGI Asia Ltd in Hong Kong. 'If liquidity continues to stay at this level, it still has a chance to go even higher. But still we may see some profit taking after 20,000. The market may want a breather.'
After breaking through the 20,000 level, the Hang Seng Index then fell as much as 0.5 per cent. It traded 0.3 per cent higher at 19,844.06 as of 10.56am local time. Sino Land Co, controlled by the family of billionaire Ng Teng Fong, and billionaire Cheng Yu-tung's New World Development Co are the Hang Seng Index's best performers in the rally since March through Thursday, as confidence in the city's real-estate industry returned.
The value of residential units sold in June increased 26 per cent from the previous month to the highest value in a year. -- Bloomberg
(Hong Kong)
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This one is another one that create miracles. A explosive stock. Hope it continue go up..........cheong ah........
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Btw Teeth53, u bought this counter share?
For me i won't go in now. as its abit too high price to join a leg now.............
But will be interested to see if Wilmar can hit $6.50 to $7. Have a feel it may hit.
Wilmar been creating miracle til now....... (the only palm oil stock that recover extremely fast n progress higher)
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Ya quite agreed also. But definately this big players are trying to play Wilmar up (fr this is my opinion), while profitting..
teeth53 ( Date: 25-Jul-2009 21:41) Posted:
| Likely those BBs has taken profit several time with huge volume done. this time round they may 1 2 to play as well..watch commodities prices and Wilmar volume as going still good in perceptively...unless it is in low volume where nobody is watching Wilmar...even with long term players around..very natural to took profit and buy back when it at low volume....and so on. |
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Haha....so Teeth u hinting profit taking fr BB coming soon?? That may scare some of the investor.
To me i have this feel, some big guys are supporting wilmar out there. And they should be long term player.
Wilmar jump very fast in movement. One of the stock i regret to buy when it is low at around $1.80. The reason why i didn't buy bc it is
a commodities counter. Concern that commodities play may not sustain long at high during recession.
teeth53 ( Date: 25-Jul-2009 19:19) Posted:
| Big BBs funded usually lockin profit when it got 200% - 300% in profit to take |
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Quite agreed with Livermore. Have some or one blue chip in yr portfolio is always good.
For me Kepland, i will keep for long, as i don't thk it will fall back badly again. And to be frank, Kepland should be in the above $3 league play.
Months later it may be like Capland hit at $4. Just have to be patient.
For penny stock, normally i will not long unless i see great potential in them (which in actual there are some out there)....
Anyway DOYDD...................
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Sales Fail to Keep Pace With Profits as Economy Stays Sluggish
By Peter J. Brennan and Steve Matthews
July 25 (Bloomberg) -- Sales growth lagged behind profits as companies in the Standard & Poors’ 500 Index beat analysts’ estimates this week, a signal that economic recovery may be slow.
Second-quarter revenue at Caterpillar Inc. and Freeport- McMoRan Copper & Gold Inc. tumbled more than 30 percent from a year earlier, though earnings topped the average of analysts’ predictions. Amazon.com Inc.’s profit skidded and sales missed estimates. United Parcel Service Inc.’s sales slid 17 percent. Microsoft Corp. saw annual sales drop for the first time in 23 years as a public company.
“The economy is coming back but it is not going to come roaring back,” said Mark Zandi, chief economist at Moody’s Economy.com. Companies “are going to be reluctant to add investment and jobs until they get better sales.”
Revenue at 143 companies in the S&P 500 reporting this week, many of them bellwethers for the American economy, fell on average 10 percent from a year ago, according to Bloomberg data. Seventy managed to top the analysts’ consensus for sales, while 107 did so for earnings per share.
The economy probably declined 1.5 percent in the three months ended June 30, marking the fourth straight drop and the longest such streak since quarterly records started in 1947, according to the median of 66 economists in a Bloomberg survey.
‘Shrinking Your Way to Profitability’
“The real theme is the divergence between earnings and revenues,” said Steven Ricchiuto, chief economist at Mizuho Securities USA Inc. in New York. “We know companies are cutting costs at a record pace, and that is helping earnings. But you can’t keep on shrinking your way to profitability. Eventually, you do damage to your end users. You have to get revenues up to have a sustainable upturn.”
Industrials led the sectors in earnings surprises, with 19 of 23 firms that reported during the week posting profit higher than analysts projected.
Caterpillar, the world’s largest maker of bulldozers, reported 72 cents in per-share earnings excluding some costs, more than triple the average estimate of 22 cents. It also raised its full-year forecast, saying stimulus programs are starting to support global demand.
“We had a sharp decline and the recovery is likely to be gradual,” said John Praveen, the Newark, New Jersey-based chief investment strategist at Prudential International Investments Advisers LLC, a unit of Prudential Financial Inc., which manages about $542 billion. “Because of rising unemployment and rising household savings rate, the rebound will be anemic or weak.”
Consumer Discretionary Surprises
Consumer discretionary companies such as Black & Decker Corp., Ford Motor Co. and Whirlpool Corp. also surprised analysts as 16 out of 18 reported higher than expected EPS.
The other sectors this week reporting a bigger increase in profit than analysts expected included health care, such as Boston Scientific Corp., on higher sales, and financials such as SLM Corp., also known as Sallie Mae.
“Companies did good jobs of managing costs,” said Pat Becker Jr., chief investment officer at Portland, Oregon-based Becker Capital Management Inc., which manages $1.8 billion in assets. “You can only pull that string for so long. You eventually need revenue growth.”
Sales declined in eight of the 10 S&P 500 sectors, led by a 65 percent fall at steelmakers Nucor Corp. and AK Steel Holding Corp.
UPS, the world’s largest package-delivery company, reported a second-quarter drop of 17 percent in sales to $10.8 billion, its biggest quarterly decline since the company went public in 1999. Chief Financial Officer Kurt Kuehn said UPS doesn’t “have any confidence” in a near-term pickup in demand.
‘Double Dip’
Some economists fear a second economic contraction, what they call a “double dip.”
“Expectations of corporate earnings will have to be downgraded again,” Nouriel Roubini, the New York University economist who predicted the credit crisis, said in a July 23 research note. “Demand will be weak, most prices will be falling, and companies will therefore have little pricing power and their profit margins will remain squeezed. The expectation that in these conditions profits will rebound strongly is quite far-fetched.”
Federal Reserve Chairman Ben S. Bernanke told Congress this week the economy is showing “tentative signs of stabilization,” with consumer spending leveling out, though businesses have yet to increase investments.
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Emm but charter made lost this qtr leh....
| Chartered Semicon posts smaller-than-expected net loss: Update |
Tags: Chartered Semiconductor Mfg | Intel Corp. | Samsung Electronics Co.
| Written by Bloomberg |
| Friday, 24 July 2009 12:42 |
Chartered Semiconductor Manufacturing, the world’s third-largest maker of customised chips, posted a smaller-than-expected loss in the second quarter as orders improved.
The net loss was US$39.4 million ($56.9 million), compared with a profit of US$43.4 million a year earlier, the Singapore-based company said in a statement today. That’s narrower than the median US$44.7 million loss estimate in a Bloomberg News survey of four analysts. Sales fell 24% to US$349 million.
Chartered joins Intel Corp., the world’s biggest chipmaker, and South Korea’s Samsung Electronics Co. in beating analysts’ estimates as orders recover and clients finish trimming inventory stockpiles. Chartered last month forecast a net loss of between US$45 million and US$53 million in the quarter, less than an April projection for a deficit of US$54 million to US$64 million.
Chartered fell 1.3% to USS$2.24 as of 11:48 a.m. in Singapore trading, while the benchmark Straits Times Index added 1.4%. The stock has climbed 87% this year.
The chipmaker may be benefiting from the ongoing “re-stocking” in the technology industry, James Lim, an analyst at DMG & Partners Securities Pte in Singapore, said by phone yesterday.
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Got a recent news from Edge S'pore:
| Neptune Orient Lines cut to ‘underweight’ at Morgan Stanley |
| Written by Bloomberg |
| Friday, 24 July 2009 10:38 |
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Neptune Orient Lines was cut to “underweight” from “equal-weight” at Morgan Stanley, which said the stock’s current valuations are above historical means and that earnings in the second half of this year and in 2010 could “disappoint” investors.
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Among the commodities play, this one the strongest. But the price currently quite expensive.
One thing i don't like abt Wilmar is it dividend given. Too little leh......
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SingTel mulls Bharti related $3 bln financing-Basis Point
SINGAPORE, July 25 (Reuters) - Singapore Telecommunications (STEL.SI) was talking to banks for $3 billion financing related to the merger between its Indian unit, Bharti Airtel (BRTI.BO), and MTN Group (MTNJ.J) Ltd, Basis Point reported citing sources.
The sources said that the talks are at a high level, and a final size has not yet emerged because the structure of the Bharti-MTN merger has not been finalised.
Bharti, India's leading mobile operator, and MTN had said they were considering an initial deal worth more than $23 billion, under which Bharti would pay cash and shares to end up with 49 percent of MTN after MTN pays cash and stock for an effective 36 percent stake in the Indian firm.
SingTel, which owns about 31 percent of Bharti, could not give official comments on the report immediately. But the merger could change SingTel's control over the combined entity, but would remain a strategic partner and significant shareholder.
On Friday SingTel officials said that merger negotiations between Bharti and MTN were ongoing and they could not give comments or updates on the progress.
Goldman Sachs (GS.N) was advising SingTel on its plan regarding the merger plan, a source with direct knowledge of the deal told Reuters.
One year ago, when Bharti and MTN were first in talks, SingTel had said it would support Bharti financially in any merger and acquisition activity.
A merger between Bharti and MTN would create a $61 billion telecoms giant spanning Africa, Asia and the Middle East. (Reporting by Stephen Aldred and David Lau, writing by Harry Suhartono, editing by Jeremy Laurence)
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Longcheer not bad, agreed with Freeme.
Yr SAR should progress n hit $2 too (my opinion).
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But don't direct too much into penny stock. Keep some blue will be good.
N buy penny that got good FA, n provide divi. If got stuck still can earn Divi.
Just my opinion.
petertan4949 ( Date: 25-Jul-2009 16:16) Posted:
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i mean in % term, penny will outrun kepland. and all blues very soon.
take up your position in pennies now!!!
petertan4949 ( Date: 25-Jul-2009 16:11) Posted:
This one i have a target px of 3.0 to 3.2. jmo.So for thyose who are buiyng now, might as well look to some pennies, like Tiong Woon, Qianhu.jmo
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Why we recommend a KEEP for this one, is bc indeed the FA of this company is good. But DOYDD...................
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Anyone here maybe right. Anyway, let hope us........the investor make off with profit & huat.ah.......
That the most important things. Cheers.
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Still wating for the date of CR. Will definately over subscibe alot....see got luck get more.
Alligator ( Date: 25-Jul-2009 14:02) Posted:
i think there is a big different between their old method of non-underwritten.
now it is under written by UOBKH, that mean if somehow the 112 million is not fully subcribed , UOBKH will take the rest..
anyway, think about this, 112million of 0.1dollar is just small (very small) to UOB, only 11.2 million.
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Wilmar is a good stock. But too expensive now. Here some updated news fr u:
Wilmar rises to record after UOB Kay Hian, UBS raise estimates
| Written by Bloomberg |
| Friday, 24 July 2009 19:24 |
Wilmar International, the world’s biggest palm oil trader, surged to a record in Singapore trading after UOB Kay Hian Holdings and UBS AG increased their share-price estimates on optimism of growth from China.
Wilmar rose 5.1% to close at $5.77, the highest since it started trading in July 2000. The stock has more than doubled this year.
UOB Kay Hian raised its share-price target for Wilmar to $6.50 from $4.80 and maintained its “buy” rating. UBS AG resumed coverage of Wilmar on July 22 with a “buy” rating and a share-price target of $7.
“Wilmar can look forward to growing sales and a potentially bigger market share in China,” UOB Kay Hian wrote in a note dated yesterday. Wilmar gets 60% of its net income from China, according to UOB Kay Hian.
China’s economic growth accelerated to 7.9% in the second quarter, making it the first of the major economies to rebound from the global recession. Wilmar is planning to list its China subsidiary in Hong Kong, the South China Morning Post reported on July 20, citing a person it didn’t identify.
The China subsidiary, which makes cooking oil, is expected to raise between US$3 billion ($4.33 billion) and US$4 billion through its initial public offering in the first half of next year, the newspaper said.
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leoleo ( Date: 25-Jul-2009 12:02) Posted:
| Why no ppl interest in wilmar discussion, this is good stock for long or short time , it recently broke the highest price record, still can up some more ,any comment's are welcome..thx. |
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Tech (electronic sector) stock future still not so rosy.
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SINGAPORE: Singapore's manufacturing output slipped back into the red in June. Production fell by 9.3 per cent compared to a year ago.
It was pulled down by double-digit contractions across most clusters, including precision engineering and electronics.
When compared to the previous month, manufacturing output declined by 9.2 per cent in June on a seasonally-adjusted basis.
The electronics cluster was the biggest culprit in dragging down June's headline manufacturing output in June. Output for the sector alone fell by 20.4 per cent on-year.
Meanwhile, the precision engineering cluster contracted 18.1 per cent, while the transport engineering group fell 12.4 per cent compared with the same period last year.
This was due to fewer activities in the shipyards and fewer repair orders from commercial airlines.
Some economists said the numbers did not come as a surprise.
Song Seng Wun, regional economist, CIMB-GK Research, said: "It's still within the expectation of a decline overall and if we take away the pharmaceutical sector, we're seeing some modest improvement - in terms of the contraction from the other sectors getting smaller.
"That's basically fitting in (with) what we've seen elsewhere and that the rate of contraction is narrowing as we go through the rest of the quarter."
But there was some good news from the biomedical manufacturing cluster, where output expanded by 11.6 per cent due to higher level of pharmaceutical production.
All in though, the data suggests that the road to recovery is not altogether smooth.
Mr Song added: "We've seen some segment of services doing relatively well, particularly towards the tail end of the second quarter and that perhaps may lead to some improvement on the services sector growth.
"We could find that after the expansion in the second quarter, pharma could pull back in the third quarter, so don't be surprised that we may see manufacturing being a bigger drag in the third quarter and we may see a headline GDP contracting by a larger margin in the third quarter. So it's still a patchy road to recovery at this juncture."
But some analysts said the upside is that orders for the third quarter remain steady for now.
The key they pointed out is to keep an eye out for the fourth quarter results. The performance then will be dependent on factors like the level of consumer confidence and how the labour market is doing. - CNA/vm
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