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18-Nov-2013 17:15

Rex Intl / Rex International

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$ Rex Intl Last:0.565 Vol:20219k -0.095 cent...
Sentimentally...not OK whao. What happened to Rex?

Peter_Pan ( Date: 15-Nov-2013 22:21) Posted:

sometimes zhun sometimes boh zhun chngkay dont support them they boh bian also.

roostertan ( Date: 15-Nov-2013 22:10) Posted:

Since when we ever trust analysts? When they place a target price, then, it is time to sell. If these analysts are so-called gurus that could time and predict the mkt, they would have make millions and doesn't even need to work as analyst. Just take their views as a pinch of salt like story telling time

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18-Nov-2013 08:57

Otto Marine / Otto Marine outlook and strategy very strong

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Otto_Marine_Limited_Announcement_Otto_Shirpyard_clinch_2_newbuild_vessels_18_November_2013.pdf

The Board of Directors of Otto Marine Limited (the ?Company?) is pleased to announce
that its subsidiary, PT Batamec shipyard has clinched two newbuilding contracts from its
repeated reputable Indonesian customer to build two 3000 HP Habour Tugs (the
?Vessels?) for a consideration of approximately USD 9 million.
The Vessels are expected to be completed by fourth quarter of 2014.
The above-mentioned shipbuilding orders are not expected to have a material effect on the
consolidated net tangible assets per share or earnings per share of the Company for the
financial year ending 31 December 2013.

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18-Nov-2013 08:56

Otto Marine / Christening of this Flotilla- OTTO

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Otto_Marine_Limited_Announcement_Otto_Shirpyard_clinch_2_newbuild_vessels_18_November_2013.pdf

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17-Nov-2013 17:31

F & N / F&N

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Posted on - Jan 15, 2013.

Fraser and Neave (F& N) takeover battle fed speculation yesterday as a consortium led by Overseas Union Enterprise (OUE) extended its $9.08 per share offer to Jan 21.

MetalTrader ( Date: 16-Nov-2013 21:51) Posted:

If NAV is $8.80, why do largest shareholder buy at $9.50?
If largest shareholder do not have confident business in F& N's benefits will cover $9.50, he wouldn't be buying.
So at even the current price of $5.80, you are still buying lesser than the largest shareholder.
If largest shareholder have nothing to fear, why should minor shareholder fear?

The theory is simple, the largest shareholder combined percentage hit 90%. Do you think the remaining 10% will affect the outcome?
The profitability depends on largest shareholder's decision, and it will be imminent unlocking of value 2 FCL begins before public buying take place.
A piece of cake theory.

teeth53 ( Date: 16-Nov-2013 20:49) Posted:

Based on April 2013 average trade....

Disposal of its entire interest in Asia Pacific Breweries (APB) in Nov 2012 for S$5.6 bil.

F& N announced to return approximately 84% of its proceeds (S$4.7B) back to shareholders. It translates to S$3.28 per share.

The remaining S$0.9 bil would be retained, bringing down F& N?s net gearing to 17.3%, compared to 27.4% (pre-APB sales)

The net asset value (NAV) of F& N would correspondingly be reduced from S$8.80 per share to S$5.52 per share.

teeth53 - Just promoting stk/shr trading interest in SJ. Last traded price is seem getting nearer to it orginal price.

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17-Nov-2013 17:18

F & N / F&N

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This is a general perception of -- " Between the bone n meat. Once the meat is delink, left oni the bone? (no meat left)."

Also on concern to Shares and bond holders, (range from the biggest 90% to retailers - vested players n would be players), the impending court case or there is none at all???.

teeth53 - I'm sharing my thot n hope players and would be players can decide better, for each-self. whatever decision is, oneself hav it in mind.

On sharing info about stk /shr interest in SJ. (nothing for or against)

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17-Nov-2013 16:12

Others / Asean/Japan Quake n nuclear crisis apocalyptic..?

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A 5.5 magnitude quake struck eastern Japan Sat evening, according to US Geological Survey, Quake hit at 8:44pm local time at a depth of 63 k/m (39 miles), in the Chiba prefecture which neighbours Tokyo.

Service on a high-speed train line was briefly halted but later resumed after a track inspection and causing skyscrapers to shake in Tokyo.

Neither the Tokyo-Narita airport nor any nuclear installations in the region were affected, public broadcaster NHK said.

Tremor came exactly 1 wk after another 5.5 struck close to the capital, and 3 wks after a major 7.1 magnitude quake generated small tsunamis on Japan's north-east coast, without causing damage or casualties.

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16-Nov-2013 20:49

F & N / F&N

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The net asset value (NAV) of F& N would correspondingly be reduced from S$8.80 per share to S$5.52 per share.

teeth53 - Just promoting stk/shr trading interest in SJ. Last traded price is seem getting nearer to it orginal price.

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16-Nov-2013 18:33

Others / How is Malaysia confronting its present economic..

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http://www.malaysiakini.com/news/239189

In ex-PM vs ex-PM spat, Dr M should zip his lip...

Dr Mahathir Mohamad is still a vindictive and twisted old man who continues to blame everyone else for his spectacular failures as PM. His only form of ...www.malaysiakini.com/news/239189 - Cached

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16-Nov-2013 18:27

Others / How is Malaysia confronting its present economic..

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http://sg.news.yahoo.com/malaysia-got-talent-being-driven-away-mostly-singapore-060642062.html

M'sia's best and brightest leaving to find greener pastures. A report released by the World Economic Forum.

Report notes - Putrajaya's affirmative action policies as well as over reliance on cheap migrant labour have kept M'sia from achieving a skilled workforce to compete with its smaller and richer neighbour.

The Geneva-based body's Human Capital Index evaluates - quality of healthcare, infrastructure and education, in order to gauge a country's ability to develop a skilled workforce.

Economists say Malaysia's economic potential has been stifled by affirmative action policies which favour Bumiputeras. Its 2013 report ranks M'sia at the 22nd spot in a list of 122 countries. Topping the list is Switzerland, followed by Finland, Singapore, the Netherlands and Sweden. Asean countries in the list include Thailand(44), Indonesia (53) and Philippines (66).

The Malaysian Insider ? Thu, Oct 10, 2013

http://sg.news.yahoo.com/malaysians-becoming-more-racist-threatening-country-foundation-says-032010382.html

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16-Nov-2013 18:09

Others / How is Malaysia confronting its present economic..

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Malaysian Insider ? Thu, Oct 10, 2013

Ex-PM. Dr M on M'sians becoming more racist than ever by making demands that he said could threaten the country's foundation. On growing discontent by non-Malays.

" I read reports in the papers saying that now PM Seri Najib is going backwards towards the day of favouring the Bumiputeras.

" Dr M said, in defending PM Datuk Seri Najib Razak. The critics forgot that in the past, resentment of the rich by the poor had resulted in people rebelling against the govt. This, he said, gave birth to such ideologies as socialism and communism.

" If the poor is related to race, the potential for violence is much greater. We want to correct that disparity," Dr M said on a visit to the MMC-Gamuda MRT construction site in KL.

" Each race has got its own extremist and make demands which disrupt the stability of the state. " So it's better to make a little sacrifice to correct imbalances within our society so that every race can have a share from all that is going on in this country."

Dr M latest remarks appear to be a break from his recent series of criticism on Najib. He had called Putrajaya's cash disbursement under Bantuan Rakyat 1M'sia as " ineffective" and also spoken out against the repeal of draconian acts. Najib had 3 years ago also introduced the New Economic Model, replacing the controversial New Economic Policy.

The recently announced Bumiputera Economic Empowerment Plan (BEEP) will grant Bumiputeras access to over RM30 bil in funding and contracts.

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16-Nov-2013 16:37

F & N / F&N

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Nov 08, 2013.

http://www.tradingcentral.com/chart/FNNSGD131108004540.gif

Our pivot point stands@5.7. Our preference: upside prevails as long as 5.7 is support. Alternative scenario: below 5.7, expect 5.61 and 5.56.

Comment: RSI is above its neutrality area at 50. MACD is positive and above its signal line. Moreover, stock is above its 20 & 50 day MA (respectively at 5.7 and 5.62). Fraser & Neave is currently trading near its 52 week high reached at 6.13 on 21/01/13.

Supports and resistances:
6.13 *
6.07 **
6.02
5.79 Last Closed
5.74
5.7 **
5.61 *
-------------------------
TRADING CENTRAL is a commentary service specialising in technical analysis.

teeth53 ( Date: 06-Nov-2013 17:38) Posted:

Myanma Economic Holdings Ltd

(MEHL), a huge military-linked conglomerate in Myanmar, said it has launched arbitration proceedings against Singapore's Fraser and Neave Ltd over their joint-venture brewery.

Foreign investors have been flocking to Myanmar since the country started to open up after decades of isolation, but news of this dispute has led to a debate in the international press about a lack of legal protection for foreign investments.

MEHL, which rarely issues public statements, said the case is not about investment laws in Myanmar or how foreign investors are treated. " We know it will serve the interest of some parties to politicise the dispute, but doing so does no justice to the case or to anyone interested in investing in Myanmar," Myint Aung, deputy managing director of the company, said in a statement. " The fact is that we have a joint venture agreement that protects our rights in the event of a default by F& N. The arbitration speaks for our desire to adhere to proper and due process," he added.

Public relations officials representing F& N declined to comment when contacted on Wednesday. The company, a Singapore property and drinks conglomerate, had earlier said in August that there was no basis for MEHL's action and it intended to vigorously contest the claim.

MEHL, one of two vast holding companies linked to Myanmar's military, claimed a right under a joint venture agreement to buy F& N's 55% stake in Myanmar Brewery Ltd after F& N defaulted on a term in the agreement, it said in a statement on Wednesday.

MEHL declined to comment on the term on which it said F& N had defaulted, but sources with knowledge of the case said it was related to the change of shareholding structure of F& N, after F& N was taken over by companies linked to Thai billionaire Charoen Sirivadhanabhakdi earlier in the year.
MEHL is on the " Specially Designated Nationals List" of the U.S. Treasury. Assets of individuals and companies on the list are blocked and U.S. persons are generally prohibited from dealing with them, although the United States has waived virtually all of its economic sanctions on the country.

Myanmar Brewery Ltd was set up in 1995 by MEHL with Heineken NV through its Asian arm, Asia Pacific Breweries Ltd (APB), which transferred its 55 percent stake to F& N in 1997.

The arbitration proceeding could take months and is likely to be held in Singapore, a source familiar with the matter said.

Reuters - thomsonreuters.com@reuters.net))

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16-Nov-2013 16:14

F & N / F&N

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Noted: What Mano share with shareholders, " change of ownership"

" Mano asked about the Myanmar going to court to claim F& N's 55% stake worth > US $246mil because F& N change of ownership.

(Mgt seems confident Myanmar has no case although refused to disclosed.)

Courtesy of Rosesyrup, Thk Qs

" Investors are concerned..." (some highlight)

" F& N needs approval from holders of six series of bonds as spin-off"

" F& N will continue with demerger, whether or not it gets all the votes"

and in view of lastest EGM Resolution.

" F& N will consider their options in light of this result of the voting on the Extraordinary Resolutions in respect of the Series 009 Notes and the Series 010 Notes (has not been passed) and will make an announcement at the appropriate time."

teeth53 thot - This is yet to resolve@appropriate time

Rosesyrup ( Date: 11-Nov-2013 22:07) Posted:

* Bankers fear rare technical default in Singapore

* Hardball tactics draw attention of regulator

* At least one bondholder has filed a complaint

By Kit Yin Boey

SINGAPORE, Nov 11 (IFR) - A simmering battle between Singapore conglomerate Fraser & Neave and its bondholders related to the company's plans to spin off its property division has drawn the attention of the city state's central bank.

The Monetary Authority of Singapore has approached bankers and investors to gather information on a consent solicitation that F& N launched last week.

The discussions came after IFR reported that bondholders were unhappy with a consent solicitation process launched by F& N that will clear the way for the spin-off of Fraser Centrepoint, the group's core property asset, and the early repayment of around S$808.25m (US$652.7m) of outstanding Singapore dollar bonds.

F& N needs the approval from holders of six series of bonds as the spin-off will breach certain covenants of its debt. If bondholders fail to consent to the spin-off and the company proceeds with it, this would constitute an event of default and would allow creditors to demand immediate repayment of the bonds at par.

In addition, the company wants to include a call option by June 30 2014 in all the bond issues, indicating that it plans to redeem all the outstanding notes well ahead of maturity.

Investors are concerned that F& N will continue with the demerger, whether or not it gets all the votes, leading to a technical default. At least one investor has submitted a complaint to the MAS.

The spin-off plans follow the company's acquisition by Thailand tycoon Charoen Sirivadhanabhakdi in a US$11.2bn takeover earlier this year.

The central bank's interest underlines the significance of the case in Singapore, where events of default are extremely rare. Market participants fear that such an action from a blue-chip company with no cash-flow problems will have wider repercussions.

" If the MAS allows F& N to (get to an event of) default, despite its ability to pay up, then what will stop other issuers from adopting the same process?" said one investor. " That will undermine investor confidence."

The standoff prompted F& N to hold a meeting with investors early last week, while a group of bondholders and lawyers discussed their options at a private meeting on Wednesday.

" It is not a question of credit, really, it is a question of credibility, and in turn, Singapore's reputation and credibility," said one banker.

PRICE IS THE ISSUE

F& N believes the crux of the disagreement is over the price of the call, and not whether it will default, a company spokesman explained in an email.

The company spokesman said its proposal was fair and consistent, and adequately compensated bond investors, balancing the current market environment, future capital structure and interests of various stakeholders.

The company was " troubled that a group of sophisticated investors believe they can exert pressure on the MAS to intervene to fix prices between commercial parties...," the spokesman said.

The spokesman, however, did not rule out the possibility of allowing a technical default.

" If F& N does not obtain the requisite consents, it will consider its options and make an announcement at the appropriate time," he said.

SOurce: http://sg.finance.yahoo.com/news/mas-casts-eyes-f-ns-091354619.html

The company clarified that the disagreement over the price of the call option is with only some noteholders.

Indeed, bondholders are expected to agree to F& N's terms on the lower-coupon bonds, as the investors will not lose money on them. Bankers said at least four of the six bond series are likely to clear the process as the call option appears to be at a level equal or better than the current mark-to-market prices.

However, some investors may withhold their consent on the higher coupon-bearing notes, where F& N's proposed compensation would spell a substantial mark-to-market loss.

The row will come to a head on Tuesday, when the final deadline for consent is due. A bondholder meeting that F& N arranged is scheduled for Thursday, while shareholders are due to vote on the demerger on Wednesday. The property assets account for over 60% of F& N's profits.

(Reporting By Kit Yin Boey Editing by Christopher Langner and Abby Schultz)

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16-Nov-2013 15:21

F & N / F&N

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Courtesy post of WanSiTong. Was looking@upside n downside, see chart, thk.

WanSiTong ( Date: 15-Nov-2013 23:09) Posted:

Fraser & Neave ST: as long as 5.7 is support look for 6.06

Trading Central | 2013-11-14 23:42:00

Our preference: as long as 5.7 is support look for 6.06.

5.7 is our pivot point.

Our preference: as long as 5.7 is support look for 6.06.

Alternative scenario: the downside breakout of 5.7 would call for 5.6 and 5.54.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 5.76 and 5.63). Fraser & Neave is currently trading near its 52 week high reached at 6.13 on 21/01/13.

Suppor

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16-Nov-2013 15:05

F & N / F&N

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Agreed. Debt restructing by F& N boss. NO DOUBT - surest way.

Mkt is so much bigger then what Boss will wish for...all the best.

teeth53 ( Date: 16-Nov-2013 15:00) Posted:

Deutsche Bank: It notes - " ThaiBev (Y92.SG) and TCC Assets, with a combined 90.3% (F& N stake), have until July 19 to restore the free float."

Longer term - " it expects synergies between F& N's consumer and property business and ThaiBev's and TCC's existing operations as well as a possible capital return after the APB divestment yielded S$5.6 billion, or around S$3.89/share, in proceeds, putting F& N in a net cash position."

" But views measures to unlock value, return capital and drive synergies as unlikely near-term as mgt only recently initiated a strategic review."

teeth53 thot - Will Deutsche Bank conduct further review?, in view of certain changes.

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16-Nov-2013 15:00

F & N / F&N

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16-Nov-2013 14:49

F & N / F&N

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Debt restructing by F& N boss.

Is this another round of volatile in play in the making...?.

Will let mkt best decide how it want it to be...Wish concern players huat huat arhh.

teeth53 ( Date: 23-Apr-2013 17:23) Posted:

Look like battle line is drawn...players verses players.

This trading period maybe volatile in play, a chance to let go, a chance to shot at, a chance to maintain vested interest by BBs (esp the owner) and a chance for contra player's changing hands.

Just sharing my thot n stk/shr trading interest in SJ.

F& N

Op-8.700

Cls-8.200

-0.800c

-8.9%

Vol-15,360,000

722,000

8.200

8.220

16,000

Hi-8.720

Lo-7.950

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16-Nov-2013 14:41

F & N / F&N

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Debt restructing by F& N boss.

To go for the bone or to go for the meat, each has it own value?.

Meat or bone?, is all up to mkt and how players want it to be.

teeth53 - Just promoting forum stk /shr trading interest in SJ.

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16-Nov-2013 14:29

F & N / F&N

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F& N. Between the bone n the meat.

Heavily involved vested players is battling out...

Mkt n players will decide best for each-self.

F& N Last Closed@5.79c

-0.01 with volume of 187,000 share changed hands.

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16-Nov-2013 13:33

F & N / F&N

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Will Analyst's stories again call for " compelling" a fair value and intrinsic value to hold on to F& N?.

Please do own homework as mkt n players will decide best for each-self.

krisluke ( Date: 25-Apr-2013 07:27) Posted:

STOCK CALL: Fraser & Neave's (F99.SG) share-price decline is likely on a combination of factors, including its removal from key indexes, such as the STI and the MSCI DM, and concerns over plans to restore its free float to above 10%, says Deutsche Bank.

It notes ThaiBev (Y92.SG) and TCC Assets, with a combined 90.3% F& N stake, have until July 19 to restore the free float. Longer term, it expects synergies between F& N's consumer and property business and ThaiBev's and TCC's existing operations as well as a possible capital return after the APB divestment yielded S$5.6 billion, or around S$3.89/share, in proceeds, putting F& N in a net cash position. But it views measures to unlock value, return capital and drive synergies as unlikely near-term as management only recently initiated a strategic review.

Deutsche Bank notes F& N's correction has taken it to a more than 20% discount to the house's S$11.43 fair value estimate vs its historical average 17% discount.

It keeps its Hold call with S$9.72 target while awaiting greater clarity. The stock ends down 4.8% at S$7.81, for a 17.3% week-to-date decline.

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16-Nov-2013 13:09

F & N / F&N

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The biggest beneficial owner got 1st round of collection of $$$, is 2nd round coming?. leaving only bone.

teeth53 thot - (F& N been strip of all their potential?).

That maybe why, " no big reaction or strong interest in F& N....."

Tys5115 ( Date: 13-May-2013 21:44) Posted:

no big reaction or strong interest in F& N despite the $3.28 payout today ????

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