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08-May-2013 12:03 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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STOCKS NEWS SINGAPORE-Index at 5-1/2 year high, Wilmar up on profit jump Singapore shares rose, led by Wilmar International Ltd  market estimates.  The Straits Times index < .FTSTI> was up 0.9 percent at  3412.18 points after rising to as much as 3,413.5, its highest  since January 2008. The index is up about 9 percent so far this  year.  However, some strategists warned of a limited upside,  pointing to lacklustre earnings growth and disappointing  economic data.  " Without the prospect of earnings growth accelerating, we  think it will be difficult for the Singapore stock market to  re-rate higher from current levels," strategists at Nomura said  in a report. " On the contrary, we think there is a high  likelihood that the stock market will pull back given the  deteriorating fundamentals."   Wilmar was the top gainer on Wednesday, up 4.2 percent to  S$3.45, its highest since April 4, but is still underperforming  the broader market so far this year. Nearly 10 million shares  were traded, 1.6 times the average full-day volume traded over  the past 30 days. [ID:nL3N0DO4DV]  1143 (0343 GMT)  |
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08-May-2013 11:13 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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Charging Ahead...The Dawn of A New Era | ||||
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06-May-2013 13:33 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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STOCKS NEWS SINGAPORE-Index up COSCO corp hits 4-yr low  Singapore shares rose on Monday as positive data from the United  States instilled optimism and boosted investor confidence, while  shares of COSCO Corp  than four years on disappointing earnings.  The Straits Times Index < .FTSTI> gained 0.4 percent to  3,383.25, while the MSCI's broadest index of Asia-Pacific shares  outside Japan < .MIAPJ0000PUS> rose 0.9 percent.  Shares of COSCO Corp Ltd, a unit of China's maritime  conglomerate China Ocean Shipping (Group) Co, fell more than 6  percent to S$0.815 after the company posted a 65 percent drop in  its first-quarter net profit. [ID:nL3N0DN05S]  More than four million shares of COSCO were traded, 2.3  times the average full-day volume over the past 30 days.  Brokers were bearish on COSCO Corp as the shipping market  remained in doldrums.  " Shipbuilding outlook remains bleak with margins expected to  deteriorate further into the year," Maybank Kim Eng said in a  research note, keeping a " sell" rating with an unchanged target  price of S$0.73.  OCBC Investment Research downgraded the stock to 'sell' and  cut its fair value estimate to S$0.76 from S$0.90, saying it  expects the company's operating margins to remain under great  pressure notwithstanding improving gains in efficiency and  productivity.  |
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06-May-2013 12:51 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Karara withholds Gindalbie mine paymentsUpdated  The operator of the Karara iron ore mine in Western Australia's Mid-West region has withheld millions of dollars from its main contractor in a dispute over works at the site. Singapore-listed AusGroup says Karara Mining is refusing to pay almost $22 million in payments to its subsidiary AGC Industries. AusGroup says the money is owed for engineering and plumbing work carried out at the site, about 200 kilometres east of Geraldton. It says the payments are legally due and Karara has no basis for refusing payment. AusGroup made the statements in an announcement to the Singapore stock exchange late last week. Karara has also told AusGroup it will call on a performance guarantee worth nearly $9 million dollars. A spokesman for Karara says the matter is a contractual dispute and AusGroup has failed to deliver under the terms of its contract. The Karara project, a joint venture between local iron ore miner, Gindalbie Metals, and Chinese steel producer, Ansteel, was officially opened last month. |
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06-May-2013 12:25 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Broken support of 0.445 with high volume.
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04-May-2013 13:39 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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Charging Ahead...The Dawn of A New Era | ||||
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03-May-2013 16:01 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Wonder what went wrong in their project execution to have KML reacting this way...
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03-May-2013 12:52 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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yes..the recent developments is a game changer.
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03-May-2013 12:35 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Wait for dust to settle. | ||||
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03-May-2013 11:13 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Next support at 0.445-0.415... | ||||
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03-May-2013 11:08 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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I did not say I sold at 0.565. 
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03-May-2013 10:49 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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When it hit 0.565 on 11 Apr, it is good to take profit.
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03-May-2013 10:40 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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You must exercise your own discretion. Don't trade blindly.
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03-May-2013 10:34 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Recent Woodside negative developments and these project issues do not bode well for Ausgroup, dual listing plans look more unlikely now. | ||||
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03-May-2013 10:23 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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Next support at 0.445-0.415... | ||||
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03-May-2013 08:52 | AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message | ||||
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SGX RELEASE For Immediate Release Company Registration Number 200413014R 36 Tuas Road, Singapore 638505 Singapore and Australia 3 May 2013 Material Event Announcement  The Board of Directors (“Board”) of AusGroup Limited (“Company”) wishes to announce that Karara  Mining Limited (a company incorporated in Perth, Western Australia) (“KML”) has withheld progress  payments amounting in aggregate to approximately AU$21.7 million (the “Progress Payments”) for  structural, mechanical and piping installation works carried out by the Company’s wholly-owned  subsidiary, AGC Industries Pty Ltd (“AGC”) at KML’s Karara Iron Ore Project in Western Australia  pursuant to a 2012 contract entered into between AGC and KML (“Contract”).  Further, KML has provided notice to AGC that KML intends to call on the performance security  (“Security”) in the amount of AU$8.8 million in the form of bank guarantees issued by financial  institutions, which Security was furnished to KML pursuant to the terms of the Contract.  Based on legal advice of AGC’s lawyers, it is AGC’s firm view that the Progress Payments are validly  due under the Contract and that KML has not provided a substantiated basis for refusing payment  and its intended call on the Security. AGC has also received notification from KML of a claim being prepared against AGC for an unfinalised value. The notification of claim has not been given in accordance with the Contract and KML  has not provided any formal substantiation of either the breaches it relies upon or basis for calling on  the performance guarantees or withholding the progress payments. Furthermore, in the 13 months  AGC has performed this contract, KML have not issued any formal show cause notice under the  contract.  AGC is actively liaising with KML management to attempt to resolve the current situation either  through formal dispute resolution under the contract, or mediation outside the contract. AGC is keeping its bankers informed of these events which may trigger a review event under the  company’s banking arrangements.  Shareholders of the Company (“Shareholders”) are advised to exercise caution in trading their  shares in the Company and the Company will make the necessary announcements when there  are any material updates on the above matter. The matter is on-going and Shareholders are  advised to read all further announcements by the Company carefully and to consult their stock  brokers, bank managers, solicitors or other professional advisors if they have any doubt about  the action(s) they should take. By Order of the Board Laurie Barlow CEO and Managing Director  Ends
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02-May-2013 15:48 | China Minzhong / China Minzhong Food forum Go to Message | ||||
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Support broken..
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02-May-2013 11:43 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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Thanks! Cheers!
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02-May-2013 11:40 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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STI 3400 COME MNEY COME                           DONE!!!  |
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02-May-2013 10:33 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||
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STI 3400 COME MNEY COME | ||||
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