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17-Jul-2009 18:14

Mermaid Maritime / Mermaid

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This type of counter up fast & down fast.

Bintang ( Date: 17-Jul-2009 14:01) Posted:

Mermaid today struggled to the Fibonacci 50% zone at 61 cents which was also reaching the upper Bollinger band . If the volume done today would exceed that last done at the same 61 cents , then it might go further to challenge the previous high at 71.5 cents

dealer0168 ( Date: 17-Jul-2009 13:32) Posted:

If i am not wrong, Mermaid 2nd quarter results will be coming out soon (normally around this period). N maybe good one again.

Thus Mermaid goes up. (My guess)

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17-Jul-2009 14:22

M1 / M1

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Some analyst update to share:

MobileOne: Hold (Phillip Securities, 17 July)
For 2Q FY2009, M1 reported operating revenue of S$190.5m (-7.2% yoy), profit before tax of S$45.0m (-11.4% year-on-year) and net profit of S$37.1m (-9.7% yoy). Telecommunication services registered 7.7% decrease in revenue to S$141.6m. Postpaid revenue fell by 8.5% to S$124.0m while prepaid revenue decreased by 2.2% to S$17.5m. Moreover, international call services posted 13.7% drop to S$32.8m while handset sales rose by 12.2% to S$15.6m. Fixed network services was a new segment that contributed revenue of S$0.5m. Operating expenses also decreased to S$144.1m (-5.6% yoy) due to lower staff costs, facilities expenses amd provisions for doubtful debts. M1 benefitted from the Jobs Credit Scheme, paid lower bonus and hired fewer staff. Therefore, net profit decreased due mainly to lower revenue despite lower operating expenses. We keep our hold recommendation on the stock because M1 has a limited focus on the domestic market and does not have Pay TV services. As M1's net profit of S$37.1m only came in 3.6% below our expectation of S$38.5m, we maintain the target price at S$1.67 based on our valuation using the free cash flow to firm model.

MobileOne: Buy (OCBC Research, 17 July)
M1's 2Q09 revenue was down 7.2% year-on-year (yoy) to S$190.5m, or around 24.5% of our full-year estimate; net profit dropped 9.7% yoy to S$37.1m, or around 25.8% of our FY09 forecast. For the first half, revenue slipped 7.9% to S$376.9m, while net profit eased 0.3% to S$78.9m, meeting 48.4% and 54.9% of our FY09 numbers respectively. M1 has also declared an interim dividend of S$0.062/share, or 70% of its 1H09 earnings, unchanged from last year. On the business front, M1 managed to regain lost ground following slightly more aggressive promotions in both the pre- and post-paid segments; overall subscribers rose by 50,000 vs. 12,000 decline in 1Q09. As the economic outlook is still uncertain, we continue to like M1 for its defensive and strong free cash flow-generating business, and dividend paying ability (80% payout ratio). We also see M1 as one of the biggest beneficiaries of the NBN initiative. As such, we maintain a Buy call at a fair value of S$2.12.)

MobileOne: Sell (DMG, 17 July)
M1's 2Q09 earnings were below expectations. Net profit fell 9.7% to S$37.1m on the back of 7.2% decline in revenue. The fall in earnings would have been more severe if not for lower taxes, as gleaned from the 11.4% year-on-year (yoy) fall in pre-tax profit. EBITDA margin grew 1.2ppt yoy to 44.8%, as operations last year was marred by intense competition in the wake of full MNP. Subscription and retention costs surged 13% and 29% qtr-on-qtr (qoq) respectively, as M1 stepped up promotional activities in 2Q09. Management did not reveal much about its NBN strategy, choosing to stick to a few general comments: 1) It is all geared up to participate in the NBN once OpCo's Nucleus Connect is ready (Apr 2010); 2) Target markets include both retail and commercial; 3) It will not overbid for content, and may partner with shareholders like SPH; 4) It will introduce unique services which may go beyond bundling. The market’s generally expecting the NBN to benefit M1 the most, but we think otherwise. Our view is further cemented with M1's former head honcho joining rival StarHub. Moreover, yields at 7.9% still pales in comparison to our top pick StarHub. Price target remains at $1.52, but stock downgraded to Sell (from Neutral) given lacklustre prospects and recent price rise.

MobileOne: Buy (Kim Eng, 17 July)
Although year-on-year yoy) comparisons are still negative, the critical postpaid mobile revenue stream reversed a five-quarter decline in 2Q09. M1 added 50,000 mobile subscribers in 2Q09 (including 7,000 postpaid subs), reversing 1Q09's 11,000 erosion. As expected, margins improved from a year ago, offsetting the yoy decline in revenue. EBITDA margin on service revenue rose from 43.6% in 2Q08 to 44.7% in 2Q09. This was driven by more customers taking on mid to high-end mobile plans under the Take 3 program as well as higher mobile data usage on its HSDPA network. Net profit fell 12% to $37.1m qtr-on-qtr only because there was a $5.5m tax credit in 1Q09. Adjusted for that, net profit rose 1.5% qoq.
Although subscriber acquisition and retention costs of $301 were higher QoQ, it is still down from $346 a year ago. M1 is guiding for similar levels of spending in future quarters but our forecasts already assume higher customer spending. Further, we do not expect SingTel’s recent iPhone 3GS launch to drive a big jump in defensive industry spending, unlike 1H08, as there are now more smartphone alternatives available. All the telcos will be racing to make sure they get all the high value subscribers they can before NBN comes online. Unlike StarHub and SingTel, which can bundle fixed broadband and Pay TV, M1 is likely to focus on mobile broadband, a growth area due to the profileration of smartphones and netbooks. This could raise costs but we believe M1 has already factored this into its guidance of earnings stability for 2009. Management reiterated its outlook of a stable 2009 in terms of earnings, as well as a commitment to paying 80% of earnings in dividends, which will still yield a very attractive 8% at current levels. (Interim dividend was maintained at 6.2 cents.)
Mainan Buy with target price of $2.01.

Peg_li ( Date: 17-Jul-2009 09:51) Posted:

Divident will be 6.2 cents per share and record date is 31 jul 09

el7888 ( Date: 17-Jul-2009 09:33) Posted:

Updated: 16th July 2009, 1909 hrs

M1 Q2 net profit down 9.7% on-year

By Irene Chan

Mainboard-listed telco, Mobile One, has posted a 9.7 percent on-year decline in second quarter net earnings mainly due to lower service revenue.

Net profit for the 3 months ended June fell to 37 million dollars.

This was on the back of a 7.2 percent drop in revenues to 191 million dollars for period from a year ago.

Despite the decline in top and bottomline numbers, M1 says its total customer base increased by 50 thousand to some 1.6 million customers in the second quarter.

The telco's CEO Karen Kooi said in a teleconference earlier that the operating conditions for the rest of the year are likely to remain challenging and revenue will remain under pressure.

She said the company will therefore continue to remain disciplined in cost management and improve efficiency.

Asked how M1 felt about its former CEO Neil Montefiore taking over the helm at rival Starhub next year, Ms Kooi had this to say.

"We are glad we have a friend in Neil, so we know our competition. But having said that, we have a strong and experienced senior management team who's been with M1 for a long time. This team remains very passionate about M1, and will be working together as team to bring M1 to its next phase of development."

The telco says investment for future growth remains an important and on-going process.

It will therefore continue to upgrade its mobile networks to meet future demands and transform itself into a full-service operator.

Based on the current outlook, M1 says net profit for the current financial year will likely be comparable to the previous year.

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17-Jul-2009 13:40

Others / Selling at a Loss or at a Profit

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Sell B first. A leave it first as we are still at STI index of around 2400 only. Still got far more to go.

STI will definately recover to last time high, its just a matter of time.

Why sell B, for example if B stock goes up too high........ as worry it may not sustain the value fr too long, sell it first fr profit. Buy back latter.

(My opinion)

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17-Jul-2009 13:32

Mermaid Maritime / Mermaid

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If i am not wrong, Mermaid 2nd quarter results will be coming out soon (normally around this period). N maybe good one again.

Thus Mermaid goes up. (My guess)

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16-Jul-2009 23:47

Others / DOW

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Most likely flat day........ooo sleep already. Smiley

Not exciting at all tonight for DOW.

dealer0168 ( Date: 16-Jul-2009 23:22) Posted:

Seems to be..... abit red now leh.

idesa168 ( Date: 16-Jul-2009 23:11) Posted:

Looks like it's trading at a very tight range bound. I think it will close flat tonight if nothing happens later.

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16-Jul-2009 23:36

Others / What Next?

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These are those that should put into watchlist (but take off those with bad FA). They will go up bk in price when economy recovers.

(My opinion)

pilotfish ( Date: 16-Jul-2009 23:03) Posted:

Emm... strange. Some penny stocks were once upon a time blue chip.

dealer0168 ( Date: 16-Jul-2009 22:42) Posted:

Hulumas point out somethings that i feel is right. But don't need to sell all blue chips lah..........hahaha.

After blue chip rally already, its time for penny stock rally . That is a trend.

But when..... maybe tomorrow. Smiley

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16-Jul-2009 23:33

SPC / SPC

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That maybe the reason why SPC stock price keeps staying around there, not much change. Smiley

Those that buy cheaply at around $2..... bi-tang liao loh .... Smiley

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16-Jul-2009 23:22

Others / DOW

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Ooo cathyimg, for this quarter i anticipate that US will recover well. But of course not totally recover.

China already recovers..., singapore also out of technical recession..., & .....so on.

So for this round i believe both US may hit 9000 & STI to hit 2600. Abit bullish mindset in me....haha

Above are my opinion.

Emm, btw u short today Is it Cathyimg.....??

cathylmg ( Date: 16-Jul-2009 23:06) Posted:

Could you please explain how different?

dealer0168 ( Date: 16-Jul-2009 22:44) Posted:

My guts tell me this time round is different fr 1st quarter.............

So good luck to u.........

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16-Jul-2009 23:22

Others / DOW

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Seems to be..... abit red now leh.

idesa168 ( Date: 16-Jul-2009 23:11) Posted:

Looks like it's trading at a very tight range bound. I think it will close flat tonight if nothing happens later.

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16-Jul-2009 23:06

COSCO SHP SG / CoscoCorp

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Cosco is a good stock to keep (i agreed with peg li). But from the chart, currently can't see any strong uptrend signal.

Thursday rally is due to market sentiments.

Monitor for a few more days more...... if intend to vest on this one. May pick it up at a better price. A good stock to keep.

But 0.81 emm.....may not get it, bc in this world to be frank nothing is confirmed .....anything still can happen.................. Smiley

(My opinion)

amilytan ( Date: 16-Jul-2009 22:56) Posted:

Yup, agree that this counter no longer in support as bad news coming in...maybe target price as 0.81 will hit within a month

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16-Jul-2009 22:44

Others / DOW

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My guts tell me this time round is different fr 1st quarter.............

So good luck to u.........

handon ( Date: 16-Jul-2009 22:42) Posted:

short got better chance of winning today only... hehe... Smiley

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16-Jul-2009 22:42

Others / What Next?

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Hulumas point out somethings that i feel is right. But don't need to sell all blue chips lah..........hahaha.

After blue chip rally already, its time for penny stock rally . That is a trend.

But when..... maybe tomorrow. Smiley

jing77 ( Date: 16-Jul-2009 22:32) Posted:

recommendations?

Hulumas ( Date: 16-Jul-2009 22:07) Posted:

Sell blue chips buy penny

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16-Jul-2009 22:39

Others / DOW

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I'm seeing abit more & more green now.......Dow is continuing the climb up.

Hope it climb up more by end of the day Smiley

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16-Jul-2009 19:19

China Sports / China Sport

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profit taking day. No show fr CS today

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16-Jul-2009 16:27

StarHub / Starhub

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That is a attractive price. So the down is due to analyst downgrade. Anyway all defensive stock did not perform...basically yesterday. I thk even today also.

Btw will be interesting to see how Starhub progress. Looking at the chart, the uptrend progress for it currently still looks possible. Monitor for a while first.... see if there is any changes in the signal.

Analyst news sometime is really an impact...haha

niuyear ( Date: 16-Jul-2009 16:10) Posted:

Star hub has been down graded to 1.54. !!

It wld be a gd buy if at this price.

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16-Jul-2009 13:07

SoundGlobal / Epure International

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Epure International is investing in a RMB38m (S$8m) project in China's Shaanxi province. Click below link for more info.

Establishment Of A Wholly-Owned Subsidiary In The People's Republic Of China

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16-Jul-2009 11:32

China Sports / China Sport

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Still 1st half. 2nd half hope will be a better one.

tedlim_me ( Date: 16-Jul-2009 11:29) Posted:

weird.. but all the good news doesn't seem to have a dramatic effect on s-chips..

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16-Jul-2009 09:48

Keppel Land / Kepland

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Yesterday news.......but a good one for property stock.

Keppel Land, property stocks gain as recovery fuels home sales

Written by Bloomberg

Wednesday, 15 July 2009 18:02

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15-Jul-2009 22:48

Others / DOW

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Must be handon girlfriend or wife lah......

Is it handon?? Smiley

Peg_li ( Date: 15-Jul-2009 22:34) Posted:

Always hear you said your boss told you this n that.what does your boss do?from your words, you admire your boss very much n aslo trust him very much.would you like to disclose about your boss?

handon ( Date: 15-Jul-2009 22:07) Posted:

my boss said 8.5 is not a resistance.... 8.8 is.....

still got room to go.... dow will not go stunt... hehe.... Smiley

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15-Jul-2009 21:35

Others / DOW

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I prefer a powerful 2nd half. Now let DOW warm up first.

Hope 2nd half is a strong one. Cheer. Smiley

idesa168 ( Date: 15-Jul-2009 21:33) Posted:

Alamak! What a weak start! I expect a boom at the opening since futures was so strong. But not too bad lah, now near +100pts

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