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20-Apr-2009 22:41

SPC / SPC

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Wat about future contribution from its natural gas biz???

Are u aware tat SPC is not only a pure oil play now, so u have to factor in the future contribution from its natural gas biz.

shplayer ( Date: 20-Apr-2009 21:32) Posted:

1Q09 results is a relief as it shows that Co. is back in the black with a eps of 10.8c (4Q08 -9.7c). If Co. did not write down its E&P expenses in Jeruk field ($43.3m), its eps would have been 19.2c.......comparable to 1Q08 of 19.1c.

Co. achieved a RM of USD4.50/bbl.......this was due in part to shut down of refining capacities in the region. However, its upstream performance (E&P) recorded a loss of $18.2m. (this loss is before the 43.3m Jeruk writedown). .I suspect they paid too high a price for the China Oilfield the bought a year ago.

Looking forward, refining will be competitive with refineries in India and Vietnam coming on stream. Surplus of CO will keep CO prices low......so my conclusion is SPC will continue to face operational challenges.

The plus point is its cash horde ($311m) and cashflow generated from operations for 1Q09 ($278m).

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17-Apr-2009 14:53

China Hongxing / China Hong Xing

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So assuming the price now is 15 ct, company buyback will be 16 ct, so it will push up the price.Many pple will then start rushing in & further push up the price. Yippeee!!!!!!

discrete0 ( Date: 17-Apr-2009 00:34) Posted:

company said buy back at 105% of market price, and also,, if many ppl buy a stock, price will go up.

anfield_76 ( Date: 16-Apr-2009 13:54) Posted:

normally if company plan to have share buy back, the price of shares will go up? because there are less number of shares floating in the market

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17-Apr-2009 12:16

China Hongxing / Good News for China Hongxin

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Good news for S-chips, particulary CHHX as stimulus will boost consumer spending:

China Economy to Rebound as Stimulus Spurs Investment

From Maekettalk: By Kevin Hamlin

April 17 (Bloomberg) -- China’s economy, the world’s third largest, may rebound this quarter as Premier Wen Jiabao’s 4 trillion yuan ($585 billion) stimulus package cushions the effects of the global recession.

Urban fixed-asset investment surged by almost a third in March and industrial-output growth accelerated, reports accompanying China’s gross domestic product figures showed yesterday. First-quarter GDP grew 6.1 percent, the slowest pace in almost a decade, as exports slumped.

“The economy has gained significant momentum since February,” said Sun Mingchun, an economist at Nomura Holdings Inc. in Hong Kong, who predicts the economy will expand 8 percent this year. “We still expect a V-shaped recovery.”

For more news, please see http://markettalk.org/Promo/

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17-Apr-2009 11:25

SPC / SPC

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From KELive:

SPC closed above its KRL on 3 April and thereafter, gained more than 9%. SPC may head

toward $3.80 if it manages to break above its recent high of $3.21. However, we would

advocate that traders shift their stop loss upwards to $3.13.

There is a chart in pdf format which I dun know how to copy & paste here.

Can some expert plse advise me. Thks a lot

AK_Francis ( Date: 17-Apr-2009 10:40) Posted:

rich, tks 4 d info. will acc ds burger when time comes. Cheers.

richtan ( Date: 16-Apr-2009 23:10) Posted:

Read below:

Three Big Reasons Oil Prices Will Resume Their Rally

Good for SPC, not forgetting tat SPC now diversified into Natural Gas & not just dependant on oil.

http://www.moneymorning.com/2009/04/16/opec-oil-prices/

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17-Apr-2009 01:57

Others / DOW

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The right thread for gold posting should be "GLD 10US$"

richtan ( Date: 17-Apr-2009 01:55) Posted:

lookcc, dun u agree gold posting should have been posted under "Gold" thread, otherwise all jumbled up & messy.

See my posting reply under "Gold" thread

lookcc ( Date: 17-Apr-2009 00:35) Posted:

gld is an hedge against inflation n global unrest, the latter is out of d question cos g20 r too well aware of its fatal consequences hence the stimilu pkgs by usa, uk, japan, china, even taiwan etc....inflation, as we know wud b tame up 2 at least end of 2009 but most likely beyond tat cos the fed wud not raise interest rate immediately when usa economy recovers [n recovery cud b earliest next year at best] cos fed cud not put the reverse gear on [i.e. raise interest rates] which wud cause untimely inflation thus putting usa growth 2 a screeching halt...........all said, inflation n fear of it wud b unfounded n tis brings us 2 the answer:- no inflation, no global unrest = gold is not required as an hedge.....so gold most likely cud drop to usd640or even lower into 2010....handon, wat's ur take or, shud it b asked, wat's ur boss's take??? thkq.

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17-Apr-2009 01:55

Others / DOW

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lookcc, dun u agree gold posting should have been posted under "Gold" thread, otherwise all jumbled up & messy.

See my posting reply under "Gold" thread

lookcc ( Date: 17-Apr-2009 00:35) Posted:

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17-Apr-2009 01:51

GLD USD / Gold going up this year?

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The best speculative opportunity since technology stocks in the early 1990s!

For every generation, there is one investment theme which captures the public's imagination, driving a frenzy of speculation and price gains beyond reason for anybody early to the trend. In the early 1990s, technology stocks and the internet fueled a Nasdaq boom beyond anybody's wildest dreams.
The most salient characteristic of these booms is the parabolic price chart, as larger and larger amounts of money pouring into a market causes prices to rapidly climb an astonishing growth curve.

The next great parabolic price chart is gold, and it is still very early on the growth curve.

A common mistake is to think that you've missed out on the move up, as prices have already moved up significantly off the absolute bottom. But when an investment theme is so simple to understand, and has such compelling logic behind it, then there is no upper limit on how high prices can go.

The most important investment theme for the next 10 years will continue to be the frenzy for tangible, hard assets, in response to a global economy oversaturated with paper currencies.

And the best market to take advantage of this trend is gold!

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One of the most exciting things I've discovered is the predictability of parabolic price moves. It's counter-intuitive, but the more speculative a market, the more closely it follows its ideal fractal path, making parabolic markets ideal for aggressive speculation, especially in the later stages.

Gold is the most exciting speculative opportunity of the next 10 years, making this a market journey that you do not want to miss. The truth is you can't afford to miss the ride up in gold, as the dollars you are earning and saving will continue to erode in value at an astonishing pace as gold continues to rocket higher.

I encourage you to check out this free Special Report on gold, and to also sign up for a trial subscription to the Fractal Gold Report, a daily service for active traders and long-term investors.

Warm regards,

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Fractal Gold Report

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17-Apr-2009 01:33

Others / DOW & STI

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Oh yah, when North Korea missile landed in USA, hahahahah !!!!!!!

lookcc ( Date: 17-Apr-2009 00:51) Posted:

factually reasonable of u tat 1400 unlikely, 1475 to 1500 possible...unless a really big big shoe drop, particularly in states.

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17-Apr-2009 01:31

Others / DOW & STI

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THose remisers must b dun know how to read charts, play u to holland!!!

U must be naive to u believe them, talk about 1400 only if STI fight thru the Shaolin 18 louhans stationed at those forts. hahahahahahahah.........

richtan ( Date: 17-Apr-2009 00:09) Posted:

I totally agree with you, though STI is overbought with some due corrections, it has several supports, namely 1781, 1754, 1677, 1658 & finally 1456 b4 thinking of 1400.

Hahaha Smiley Smiley Smiley must fight thru the "Shaolin 18 luoha" u know be u can fight with the grandmaster.

lookcc ( Date: 16-Apr-2009 22:39) Posted:

disagree totally tat sti test 1400 next wk.

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17-Apr-2009 00:09

Others / DOW & STI

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I totally agree with you, though STI is overbought with some due corrections, it has several supports, namely 1781, 1754, 1677, 1658 & finally 1456 b4 thinking of 1400.

Hahaha Smiley Smiley Smiley must fight thru the "Shaolin 18 luoha" u know be u can fight with the grandmaster.

lookcc ( Date: 16-Apr-2009 22:39) Posted:

disagree totally tat sti test 1400 next wk.

samson ( Date: 16-Apr-2009 22:24) Posted:

some remisiers say STI WILL TEST 1400 BY NEXT FEW WEEK.

Every one know by end of 2009 the market will recovery.

by 4Q 2009 WILL TEST STI 2100

Tomorrow the blue chip will be un load.

small cap then got time to run up

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16-Apr-2009 23:39

Straits Times Index / Can STI reaches 1800 tomorrow?

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Reading all these "anal"-list writeups can make u goggy, for every one bullish, bound to have another one bearish, dun know who to believe, think just have to trade by the charts & make our own judgements, & stop-loss points.

(1) Frightening prediction tat S&P will drop to 450:

http://www.kitco.com/ind/nadler/apr162009A.html

samson ( Date: 16-Apr-2009 23:11) Posted:

Today phillip security research

Phillip Securiti
STI Displaying Strong Momentum
Thursday, 16 April 2009
The equity market is rallying strongly on its own steam. When the US Dollar weakens,
causing commodities to strengthen, the strong commodity market should push
equities even higher. STI is displaying strong momentum but will soon approach the

intermediate term high on the weekly charts at 1950 to 1960. The STI will almost

certainly see a reaction at this region and we caution investors regarding this.

es archhttp://www.remisiers.org/research//tech041609.pdf

Technical Analysis –

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16-Apr-2009 23:35

China Hongxing / China Hong Xing

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Reading all these "anal"-list writeups can make u goggy, for evryone bullish, bound to have another one bearish, dun know who to believe, think just have to trade by the charts & make our own judgements, & stop-loss points.

(1) Frightening prediction tat S&P will drop to 450:

http://www.kitco.com/ind/nadler/apr162009A.html

samson ( Date: 16-Apr-2009 21:47) Posted:

Today CIMB-GK post Mr Maket 80% up side , then 20 % is sell down. to sti 1400.

CIMB-GK: "80% chance of upside this year"

CIMB-GK put out a 48-page bullish report, upgrading Singapore market from ‘neutral’ to ‘overweight’. Here are excerpts:

We believe the current rally still has legs. We believe that further gains until May/June are not impossible. Markets have been so pessimistic that they have thrown P/E valuations out of the window, and then cast doubt on P/BV valuations as default risks arose.

Finally, corporate fraud and dilution risks from potential capital raisings elevated riskaversion to an extreme level. Right now, the first leg of the rally is attributed to abating risk aversion.

This rally should easily carry us to 2,000 or the equivalent of 12x forward P/E. At any other time, 12x P/E would mark the lower end of the P/E band for FSSTI. This rally could potentially see the FSSTI sailing past 2,000 but to do so, corporates would have to deliver on earnings and guidance would have to come in ahead of expectations in the 1Q09 results season.

Such an event is not yet certain, which is why we speculate that reality may sink in again, in May/June. However, if one is willing to bear the pain of another sell-down, market timing looks increasingly favourable.
.

Kenneth Ng, head of research, CIMB-GK

From the bottom, share prices are driven by a mean reversion of valuations from very depressed levels. This comes as risk aversion subsides. We believe this is already in motion.

Beyond that, equity prices are driven by earnings. We believe it would be timely to zoom in on the major sectors on the FSSTI, to assess the prospects of a sustained earnings recovery. We are mindful that for some sectors, overbuilding had occurred in the recent past and we would be wary of sectors with excess capacity.

Sectors that come to mind are shipping, ship-building, commercial and residential property. Top-down, we believe sectors that will benefit from a recovery are Financials, Offshore & Marine and Plantations.

Singapore Financials stand to gain from a less competitive lending environment, as foreign banks pull back. Offshore & Marine stands to benefit from an easing of credit. For this sector, we expect the negative news flow of further order cancellations to give way to the positive news flow of major contracts announcements as banks start to lend.

Lastly, we are optimistic on Plantations as we see the demand for basic commodities doing well when we transition to a back-to-basics world.

Is this upgrade too late?

Is it too late to chase the market after nearly a whole month of rallying? To this, the adage “better late than never” comes to mind. Investors who have been seasoned by bear markets typically won’t come back until an economic recovery is evident. By then, a good chunk of performance would have been over.

On all counts, the FSSTI is not expensive even after a good rally. We currently forecast 24% EPS growth for 2010, powered by the banks as loan loss provisions recede. Based on our market earnings, the FSSTI trades at 11.6x CY10 P/E or 13.3x 12-month rolling forward P/E, even after March’s rally.

Regressing to historical P/E bands, such valuations reflect a trough over a 12-year time span. By all counts, such valuations are not lofty.

We believe that valuations had swung to extremes on concerns over corporate defaults and book-value risks. As fear abates,markets would gravitate back to P/E valuation pillars and will realise that markets are not expensive.

The catalyst for this is when companies start to meet expectations again. We believe this will happen in the next two results seasons

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16-Apr-2009 23:10

SPC / SPC

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Read below:

Three Big Reasons Oil Prices Will Resume Their Rally

Good for SPC, not forgetting tat SPC now diversified into Natural Gas & not just dependant on oil.

http://www.moneymorning.com/2009/04/16/opec-oil-prices/

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16-Apr-2009 22:40

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Bulls climb a wall of worry

Contributed by Bully The Bear

16-Apr

Have you got this feeling that you've missed out on the stock market? If you've been watching the markets, it seems that no bad news can derail STI from marching upwards these days. Forget about the general economy and the languishing GDP forecast by our government - the stock market has a mind of its own and will move up regardless of the fundamental economic situation.

A few signs are worrying:

1. I've noticed that the top volume of SGX are occupied by the likes of small caps, specifically the ultra pennies as I call them. Once again, ultra cheap counters like the 0.005 digiland reaches the top position in volume transaction. Hey, did I have a deja vu that such things had happened before? I remembered fondly the good old days of the 2006/2007 period where such small caps are punted.

2. Some of the counters are climbing up with lesser volume, perhaps reflecting the same way that STI index is climbing up too. Look at ocbc's chart:

Did you see the rise in price without the corresponding rise in volume? Volume divergence is the name of the game.

The signs are even clearer when you look at UOB's chart. Several volume indicators are diverging from the upward trend in price.

So, if you think you've missed the boat, think again. If you're a keen reader of history, you'll learn that humans never learn from their past mistakes. What had happened in the past will happen again, perhaps in another form. Don't feel missed out...look out for opportunities again and know what to do when it happens again.

If all else fails, you can always feel 'motivated' by this:

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16-Apr-2009 22:37

Others / DOW & STI

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Scary prediction tat S&P will drop to 450 & Gold to shoot up:

http://www.kitco.com/ind/nadler/apr162009A.html

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15-Apr-2009 22:20

Straits Times Index / Can STI reaches 1800 tomorrow?

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Hopefully it is not an ugly dream:

(1) Business Times dated 14/4, Chart Point by KElive:

Heading: Current uptrend may not last

Quote:

"The STI continues to exhibit bearish divergence, a tell-tale sign

tat the curren uptrend may not prevail beyond the short term"

(2) Straits Times dated 15/4, Bulls & Bears:

Quote:

"But some market observers warn tat the recent rally might be a trap set

by bears to lure the remaining bulls to their doom"

jonahach ( Date: 15-Apr-2009 20:38) Posted:

Finally hit 1900...Now 2000? No more dream....

Andrew ( Date: 04-Apr-2009 12:19) Posted:

Q reporting season coming, if results not up to market expectation then you know what will happen.

Trade with caution in the coming weeks according to the 958 PMFT.

My opinion......two emails from C and BAC cause a 2000 point up on DJ......after it rise enough.....their gahman say want to banktrupt GM and a jobless is at 26year high or 8.5% of their workforce.

I am seeing it as a new way to tell you the bad news......release the poison slowly.

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15-Apr-2009 22:10

Others / DOW

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No need u to tell me.. my brother know when to go short & when to go long...hehehe..... Smiley

handon ( Date: 15-Apr-2009 21:49) Posted:

dun tell u... dun tell u.... hehe... Smiley

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15-Apr-2009 22:04

China Hongxing / China Hong Xing

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Depends on who u ask.

Ask tat MFT who initially set tgt at 20+, then later drastically downgrade to below 8, wat next... I really dun know wat will be the next revision, care for a guess, probably she will next adjust higher then 20 leow.

Reminds me of 7 blind man describing an elephant, depends on who u ask, different description...

jonahach ( Date: 15-Apr-2009 20:39) Posted:

China Hongxing...up everyday...High volume some more...What is the target price? 0.20 cents

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15-Apr-2009 21:57

Others / DOW & STI

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let it be...let it be... que sera sera...

freeme ( Date: 15-Apr-2009 21:54) Posted:

haha.. maybe, but i wont get shock la

richtan ( Date: 15-Apr-2009 21:52) Posted:

.....and get a shock when u wake up tomoro to see red instead....hehehe.....

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15-Apr-2009 21:52

Others / DOW & STI

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.....and get a shock when u wake up tomoro to see red instead....hehehe......

freeme ( Date: 15-Apr-2009 21:07) Posted:

got a feeling dow will go from red to green in closing..

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