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Latest Posts By Peter_Pan - Supreme      About Peter_Pan
First   < Newer   2561-2580 of 4497   Older>   Last  

16-May-2013 01:50 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0 		The dawn of a new era...the bulls run, chiong & horn
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15-May-2013 22:16 Midas   /   Midas       Go to Message
x 0
x 0 		Lets wait and see if it will test 0.445 again this month..
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15-May-2013 22:00 Midas   /   Midas       Go to Message
x 0
x 0 		Today's bounce is perhaps a dead cat bounce to trap retailers...
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15-May-2013 21:52 Midas   /   Midas       Go to Message
x 0
x 0 		The 2Q2013 earnings results likely another negative quarter at the rate the situation is developing.
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15-May-2013 21:13 Midas   /   Midas       Go to Message
x 0
x 0 		Is there any way to read midas' jv company's financial report? Loss sharing with it is another drag also. Not very transparent...

cheongsl      ( Date: 15-May-2013 20:16) Posted:



Have take a look at Q1 2013 Financial statement, the situation have get worst.

The inventories have increased. Based on first quarter revenue, it take almost 1 year for them to clear off the inventor.

Inventories $787,675.0
Revenue $202,391.0
Inventories/ Revenue 3.9 Quarter


Trade and other receiver have also increase quite significantly. At current level, it already more then 1year.

Trade and other receiver $1,076,080.0
Revenue $202,391.0
Receiver/Revenue 5.3 Quarter


Isn't current asset suppose to clear within one year, anything above one year should be classified as bad debt?? or even reclassified under long term asset as account receivable.

For the Payable portion it also increase, but taking the ratio is slightly more then 1/2 years.

Trade and other payable $411,070.0
Cost of sales $151,318.0
Payable/Cost of sales 2.7 Quarter


Why did they pay their supplier within 2.7 quarter, but get the payment from their customer within more then 5.3quarter?

Why did they buyin their goods and fabricate and keep it in their storage for nearly 1year??

What does this means, they buy the material and fabricates until money receive is 5.3+3.9 = 9.2quarters = 2.3years.

They get the material and pay the supplier within 2.7quarter = 0.7years. Thus money did not comein within 1.6years???????

Based on the cash flow statement and financial statement, which we can deduce that 76.8% of the revenue does not translate into payment.

Change in inventories & Trade receiver $155,345.0
Revenue $202,391.0
Change in I & TR / Revenue 76.8%


Change in Trade and other payable $43,936.0
Cost of sales $151,318.0
Change in T & OP/Cost of sales 29.0%


But they only retain 29% of the payment to their supplier??
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15-May-2013 20:00 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
x 0
x 0 		Sold. Now may not be the time to buy yet. Too many negative issues troubling the company at the moment.

ynnek1267      ( Date: 15-May-2013 19:52) Posted:

Distributing what. Wahahahaha!!!!!! I thought you bought a lots, all sold? Wahahahaha! !!!!!

Peter_Pan      ( Date: 15-May-2013 19:42) Posted:

Today seems like BBs distributing
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15-May-2013 19:42 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
x 0
x 0 		Today seems like BBs distributing.

halleluyah      ( Date: 15-May-2013 19:36) Posted:

Will buy when drop to 0.35-0.37....coming....akan datang...haha!! Who knows dual listing might b cnx.

ynnek1267      ( Date: 15-May-2013 19:22) Posted:

No TP. When to buy? Bought already. When to sell? Waiting....
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15-May-2013 19:34 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0 		Tepper Rally Part II
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15-May-2013 15:24 Swiber   /   Swiber       Go to Message
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x 0 		CIMB : $0.91
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15-May-2013 15:18 Swiber   /   Swiber       Go to Message
x 0
x 0 		UOBKH : $0.86
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15-May-2013 13:16 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 2 		Charging Ahead...The Dawn of A New EraSmiley
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15-May-2013 07:03 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0 		This is a good year for stocks.
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15-May-2013 01:27 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0 		U.S. Stocks Advance on Increased Optimism Over Economy

May 14 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor’s 500 Index headed for its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy.
Financial shares climbed the most among 10 S&P 500 industry as hedge-fund manager David Tepper called U.S. banks “a good sector.” Bank of America Corp. and Citigroup Inc. rose more than 2.2 percent. Take-Two Interactive Software Inc. rallied 4.3 percent after the publisher of the “Grand Theft Auto” video games reported profit that beat analyst estimates.

Philadelphia Fed President Charles Plosser

The S&P 500 advanced 0.9 percent to 1,648.08 at 12:45 p.m. in New York. The Dow Jones Industrial Average gained 89.38 points, or 0.6 percent, to 15,181.06. Trading of S&P 500 stocks was 2.6 percent below the 30-day average at this time of day.
“There’s an encouraging pattern of continued growth in the economic data,” Alan Gayle, a senior strategist at RidgeWorth Capital Management, which oversees about $48 billion of assets, said in a phone interview. “What is helping the market is the belief that downside risks to stocks are limited right now.”
Confidence among small businesses climbed in April to a six-month high as the outlook for the economy and sales brightened, the National Federation of Independent Business’s optimism index showed today.
Still Bullish
Tepper, co-founder and owner of Appaloosa Management LP, said in an interview on CNBC that he is still bullish and the economy is getting better. Tepper, who led Institutional Investor’s ranking of the top earners in hedge funds last year with $2.2 billion, said in January in a Bloomberg Television interview that the U.S. “is on the verge of an explosion of greatness.”
Equity futures slumped earlier as JPMorgan Chase & Co. reduced its second-quarter growth forecast for the Chinese economy to 7.8 percent from 8 percent and the full-year estimate to 7.6 percent from 7.8 percent. It cited weak domestic demand suggested by April data, after reports yesterday showed China’s fixed-asset investment unexpectedly decelerated last month while industrial output trailed estimates.
Money managers are the most bearish on commodities in more than four years as a majority expected a weaker Chinese economy for the first time in 14 months, a Bank of America survey showed. A net 29 percent of the fund managers surveyed were underweight the asset class in May as their positions “collapsed” to the lowest level since December 2008. One in four now consider a “hard landing” in China as the biggest risk to their investments. The bank surveyed professional investors who together oversee $517 billion.
‘Marked Uptick’
“There has been a marked uptick” in concern about China, said John Bilton, an investment strategist at Bank of America’s Merrill Lynch unit, at a press conference in London today. “A hard landing is not our core scenario, but certainly investors are right to start thinking they should at least hedge some of that tail risk.”
The U.S. bull market has entered its fifth year. The S&P 500 has surged 144 percent from a 12-year low in 2009, driven by better-than-estimated corporate earnings and three rounds of bond purchases from the Federal Reserve.
The Chicago Board Options Exchange Volatility Index, or VIX, rose 2.4 percent to 12.85. The benchmark gauge for options, which moves in the opposite direction to the S&P 500 about 80 percent of the time, has fallen 29 percent this year. The S&P 500 has only fallen 3 times in the past 18 days and is up 3.2 percent in May, heading for the seventh straight month of gains.
Banks Rally
Financial shares climbed 1.4 percent as a group. Bank of America added 2.9 percent to $13.35 for the biggest increase in the Dow. Citigroup increased 2.2 percent to $49.98.
Tepper said his firm still owns stock of Citigroup and other U.S. banks. “We have a certain amount of the U.S. banks, which are a good sector,” he told CNBC.
Take-Two jumped 4.3 percent to $17.10. Profit excluding some items was 38 cents a share in the fourth quarter, topping the 23-cent average estimate compiled by Bloomberg, as digital sales almost tripled.
Edwards Lifesciences Corp. advanced 6.2 percent to $71.50. The biggest maker of aortic heart valves implanted with a catheter announced a $750 million share-buyback program. Chief Financial Officer Thomas M. Abate plans to retire, the company also said.
Fusion-io Inc. climbed 4.6 percent to $15.18 as UBS AG raised its rating on the maker of data storage to buy from neutral. The stock’s drop after the company’s co-founder and chief executive officer resigned last week was overdone, according to UBS analysts led by Steven Milunovich.
SolarCity Corp. slid 4.9 percent to $34.13. The second-largest U.S. solar company by market value posted a first-quarter loss as it bore higher costs from installing rooftop solar systems at little or no charge to customers.
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14-May-2013 22:45 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0 		New era of bull markets, well done!
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14-May-2013 14:53 Midas   /   Midas       Go to Message
x 0
x 0 		UOBKH wins!

Bopanha      ( Date: 25-Mar-2013 14:15) Posted:

Wow, they have exceeded my target of 60 cents.   Not bad.   I need to revise my tp up some more.   Cheers.

Peter_Pan      ( Date: 25-Mar-2013 13:49) Posted:

It is now UOBKH's call vs. OCBCS & DBSV & DMG's calls.....


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10-May-2013 15:17 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0 		Strong performance by STI! Well Done!
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10-May-2013 11:34 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 0
STRAITS TIMES, SINGAPORE 
By Daryl Guppy 
The STI has finally moved above the resistance near 3300. There is strong resistance
near 3300. A breakout above this level has target near 3600. This can be a fast moving rally 
followed by consolidation near 3600.
The STI developed a strong support consolidation level around 3300. Any retreat form 
3600 will use this as strong support base.
The 2013 outlook is more bullish in the sense that the market will trade above the upper 
area of this trading range at 3300. Traders will see the same type of rally and retreat behaviour 
that occurred in 2012. A breakout above 3300 has the potential to move towards 3600. 
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09-May-2013 16:07 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 1 		Charging Ahead...The Dawn of A New EraSmiley
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09-May-2013 10:06 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 1 		Well done STI!
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08-May-2013 14:58 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 1 		Well done! STI!!!
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