Latest Posts By ruanlai
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| 15-Nov-2012 12:41 |
Ying Li Intl
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Ying Li
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DBS Vickers (Spore): Result Snapshot: Ying Li International: Results continue to improve: Buy S$0.35, Price Target : 1 Year S$ 0.51 Ying Li International, Buy S$0.35, Bloomberg: YINGLI SP Results continue to improve Price Target : 1 Year S$ 0.51 By: Paul YONG CFA +65 6398 7951 - 3Q numbers turned around into a profit of Rmb10.3m from a loss of Rmb10.6m last year as more IFC office unit sales were recognised - Revenue recognition is slower than expected, but earnings growth momentum should remain firm as rental and sales income from IFC and Da Ping project flow in 4Q12 net profit could see further revaluation gains from IFC, boosting earnings and NAV - Maintain BUY, TP S$0.51 (40% discount to RNAV) Highlights Operating earnings now firmly in the black. 3Q12 revenue rose over three-fold to Rmb160m from Rmb33.3m, on higher rental income (+108% y-o-y to Rmb23.3m), driven by contribution from Ying Li IFC and higher property sales (+520% y-o-y to Rmb136.8m) on booking of revenue from sales of IFC office units. As a result, gross profit rose 588% y-o-y to Rmb54.5m and Ying Li turned around to a pretax profit of Rmb18.7m. 9M12 pretax earnings now stand at Rmb86.6m, from a loss of Rmb37.1m a year ago as revenue rose by 316% y-o-y to Rmb426.4m for the first three quarters of 2012, largely due to the rental income and property sales contributions from the newly completed Ying Li IFC project. Our View IFC and Da Ping projects will continue to drive earnings. Increasing rental income as well as sales of property from both the IFC and Da Ping project will continue to drive Ying Li’s earnings higher, and 2013 and 2014 should be even much better than 2012 given that property sales recognition has been slower than we expected. Nonetheless, this does not have material impact on our RNAV for the stock. Ying Li could also book further revaluation gains on the Ying Li IFC in 4Q12. Long term prospects remain firm with projects in the pipeline. Beyond the Ying Li IFC and Da Ping projects, the group also has the Financial Street project and Lu Zu Temple project to work on, which should further propel earnings. Recommendation Maintain BUY, TP S$0.51. We see Ying Li’s share price re-rating towards our TP as its value crystallizes through the delivery of its various development projects. |
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| 14-Nov-2012 09:23 |
China Minzhong
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China Minzhong Food forum
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BUY before is gone at 77cents.... SHORTISTS force buy back at 11am...... Cover like mad today for Shortists.... |
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| 14-Nov-2012 09:13 |
China Minzhong
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China Minzhong Food forum
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Revenue Jump more than 60% Profit Jump more than 30% Shortists doom day..... BUY NOW |
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| 04-Oct-2012 10:39 |
HPH Trust USD
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HPH Trust US$
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Sunny Side Up: Hutchison Port Hldgs Trust: The Port of Choice for Your Portfolio Initiating Coverage with a BUY, US$0.745, TP US$0.925 What’s cooking Hutchison Port Hldgs Trust: The Port of Choice for Your Portfolio Initiating Coverage with a BUY, TP US$0.925 HPHT SP | Mkt Cap USD6.5b | ADTV USD11m Ø We initiate coverage of HPHT with a DDM-derived target price of USD0.925 and a BUY recommendation. A sustainable distribution yield of 8.4-9.1% p.a. is far too attractive to ignore, especially given HPHT’s earnings resilience and capacity for further growth. Ø A mispriced IPO and, more recently, concerns about economic growth in China and HK, were said to have been contributing factors. However, we think that current pricing levels, which imply yields of 8.4-9.1%, are attractive vis-à-vis its regional peers, REITs and other business trusts, adding to its compelling investment case. Ø HPHT remains one of the largest holders of container port assets made available to investors who have an interest in dividend yield plays. Initiate coverage with BUY. Our target price of USD0.925 provides 24% upside in addition to stable dividend yields of 8.4-9.1% p.a. |
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| 29-Sep-2012 16:03 |
Resources Prima
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Reverse Takeover of Sky One
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WHY RESERVER TAKE OVER GOT NO PRICE LEH..... | ||||
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| 29-Sep-2012 14:20 |
Resources Prima
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Reverse Takeover of Sky One
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Sky One Holdings Limited (“Sky One”), a Hong Kong-based total logistics provider listed on SGX-ST Catalist, today announced that it has entered into a conditional sale and purchase agreement to acquire the entire issued and paid-up share capital of Energy Prima Pte Ltd for a purchase consideration of S$400 million, which be fully satisfied by the allotment and issuance of 1.6 billion new ordinary shares in the capital of Sky One to the Vendors of Energy Prima Pte Ltd at S$0.25 each. Energy Prima Pte Ltd is a Singapore incorporated investment holding company which owns 80% of the issued share capital of PT Pilar Mas Utama Perkasa (“PMUP”), which in turn owns 99.8% of PT Rinjani Kartanegara (“PT Rinjani”) (collectively, the “Acquisition Target Group”). Both PMUP and PT Rinjani are Indonesia incorporated companies engaged in the business of coal mining. The mining concession of the Acquisition Target Group comprises an area of approximately 1,933 hectares in East Kalimantan, Indonesia, of which only 283.49 hectares have been explored so far. In addition to the Purchase Consideration, up to a maximum of 600 million new shares in the capital of the Company may be issued when certain performance targets are achieved by PT Rinjani. The Proposed Acquisition will result in a Reverse Takeover of Sky One and is therefore subject to the Company’s shareholders’ approval at an extraordinary general meeting to be convened. In connection with the Proposed Acquisition, the Sky One has also entered into a conditional sale and purchase agreement with its Chief Executive Officer and controlling shareholder, Mr Dicky Suen Yiu Chung, for the proposed disposal of all of Sky One’s existing businesses (excluding PT Energy Indonesia Resources and any shares in it held by Sky One Network (Holding) Ltd) by way of the sale to Mr Suen of all the shares in the issued and paid-up share capital of Sky One Network (Holding) Ltd for a total purchase consideration (subject to adjustments, depending on when the completion of the Proposed Disposal occurs) of approximately S$6.9 million (“Disposal Consideration”). |
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| 29-Sep-2012 14:19 |
Resources Prima
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Reverse Takeover of Sky One
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Reverse Takeover of Sky One | ||||
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| 25-Aug-2012 15:44 |
Genting HK USD
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IR in Taiwan
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DJ MARKET TALK: Genting Hong Kong +4.2% Ahead Of Earnings Results
Dow Jones Newswires | 23 Aug 2012 12:35pm
0435 GMT [Dow Jones] Genting Hong Kong (S21.SG) rallies 4.2% to US$0.375 in strong volume, totting up a more than 17% month-to-date gain. An analyst says it's due to recent data highlighting strong visitation at the Philippine casino in the second quarter despite tensions in the South China Sea. He also notes GENHK's results are due Monday. Last week, Alliance Global's (AGI.PH) earnings showed its Travellers International unit, which operates GENHK's Resorts World Manila, posted 1H12 revenue of PHP15.4 billion, up 24% on-year, with gaming and hotel revenue up 26% on-year. In an Aug. 16 report, Citigroup says GENHK is its top pick in the Philippine gaming sector, initiating it at Buy with US$0.44 target. (leslie.shaffer@dowjones.com)
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| 23-Aug-2012 18:48 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Mai Kia Pang Sim Mia Zhai Pang Shang.......Cheong Buay Hu....... |
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| 23-Aug-2012 18:46 |
Sakari
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Sakari
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Went in fast on dip at 1.50, closed at 1.515 Great deal...... Tomorrow should shoot up to 1.60 Cheers! |
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| 23-Aug-2012 16:07 |
Genting HK USD
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IR in Taiwan
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Today Cheong lar.... High 38cents...... |
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| 23-Aug-2012 08:50 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Fed looks set to ease fairly soon barring swift rebound
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| 22-Aug-2012 10:43 |
Genting HK USD
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IR in Taiwan
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Buy with rumours on Good Result Anouncement and dividends declaration. Buy before OHL vechicle drive in..... Huat Lar.... |
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| 21-Aug-2012 21:53 |
COSCO SHP SG
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Shooting Star
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Cosco increases Rates21 Ağ ustos 2012 Salı 14:47CHINA's flag carrier, Cosco, the world's fourth largest carrier, has announced a series of general rate increases for services from Asia to Europe, South America, South Africa and the US in September.
Advert
From September 1, rates for Far East-South Africa service will increase $250 per TEU and $500 per FEU. Effective September 8, for the westbound Asia-Europe services from the Far East (including Japan) and Indian subcontinent to north west Europe and Mediterranean (including Israel, Lebanon, Syria, North Africa and the Black Sea), rates will increase US$400 per TEU, according to the company statement. In regard to transpacific trade, Cosco will also increase its rates for general cargo from September 10 and for reefer cargo from September 15. For all cargo moving from Asia to the US west coast and for intermodal cargo via west coast ports to destinations in California, Oregon and Washington states, rates will increase $400 per TEU, $500 per FEU, $563 per 40-foot high cube box and $633 per 45-foot box. For all intermodal cargo and minilandbridge intermodal cargo via US west coast ports and Canadian ports to destinations other than those in the states of California, Oregon and Washington, rates will be up by $560 per TEU, $700 per FEU, $788 per 40-foot high cube box and $886 per 45-foot box. For shipments moving via all-water routes to US east coast and Gulf ports and for all intermodal cargo via these ports, rates will increase $560 per TEU, $700 per FEU, $788 per 40-foot high cube box and $886 per 45-foot box. Starting from September 15, rates for shipments from Far East to South America east coast will be up $500 per TEU and $1,000 per FEU and 40-foot high cube box. Effective September 16, for the eastbound Asia-Europe trade, rates for shipments (including reefer cargo) from north west Europe and Mediterranean to the Far East and the Indian subcontinent will be up $150 per TEU and $300 per FEU. http://www.turkishmaritime.com.tr source: schednet |
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| 21-Aug-2012 21:52 |
COSCO SHP SG
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Shooting Star
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Cosco increases Rates
CHINA's flag carrier, Cosco, the world's fourth largest carrier, has announced a series of general rate increases for services from Asia to Europe, South America, South Africa and the US in September. Advert From September 1, rates for Far East-South Africa service will increase $250 per TEU and $500... |
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| 19-Aug-2012 11:36 |
COSCO SHP SG
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Shooting Star
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不 是 乱 来 ， 我 叫 阮 铼 。 阮 （ RUAN） 不 是 乱 (LUAN)
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| 18-Aug-2012 18:38 |
COSCO SHP SG
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Shooting Star
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Posted this counter good buy : 7 Aug - Nobody believed me 14 Aug - Somebody believed me 21 Aug - no need to post all believe me cos going to fly up back to $1.80 by end of years..... Lol |
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| 17-Aug-2012 17:07 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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pang mana pang sai pang pu pang gang |
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| 17-Aug-2012 15:08 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Ask OHL to call for GO ..... Sure cheong like a bull.... ELse call F & N come and buy...... cos now they are richest ..... |
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| 17-Aug-2012 15:04 |
COSCO SHP SG
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Shooting Star
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buy before is gone..... | ||||
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