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STI is entering a new era of bull-market. The trigger point is here.
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AusGroup: Ezion Marine Base Changes LNG Fortunes (BUY, S$0.52, TP:
S$0.73)
Last week, Ezion announced that it has received endorsements to
develop a marine supply base to support the offshore oil & gas scene in
Australia. This is a critical factor which had been delaying the award of
LNG-related contracts, and with the marine base starting operations by
September this year, contracts should start flowing again. We think the
recent 25% correction is overdone, presenting an extremely attractive
entry point.
Lack of staging ground for offshore projects now resolved. We
understand that the lack of a staging ground was a critical reason for the LNG
project delays. The offshore projects required clear land, warehousing facilities,
space for welding / painting / other jobs, and a deepwater jetty. Ezion’s marine
base will remedy this lack, and set the stage for these projects to proceed.
Ezion marine base supports four major offshore projects. The marine
base will support the super-massive USD34b Ichthys LNG project, Shell’s FLNG
Prelude project, and the Bonaparte LNG and Montana projects.
Expecting order flow-through. AusGroup now has a record AUD4.5bn tender
book, dwarfing the AUD0.6bn of tenders at Dec-12. The build-up of the tender
book was due to the delays of the contract awards, and we expect AusGroup to
convert about 20% of its tenders into firm contracts, providing good-margin
work for 2H13 through FY15F. Further, this week Upstream noted that Ensco
has been awarded the final Ichthys drilling contract.
25% correction overdone extremely compelling valuations. AusGroup’s
shares have come off 25% since its recent peak, and now trades at 6.9x FY13F
EPS, 1.1x P/B, with an EV/EBITDA under 3.0x (based on current price of
SGD0.50). These are extremely compelling valuations for a company growing at
20% EPS CAGR to FY15F, ROE consistently above 15%, and a strong net cash
position of SGD0.054 per share. We believe that the reaction to the poor 2Q13
results (which included one-off expenses and variation orders) is severely
overdone, and this is the time to enter. Our TP of SGD0.73 is based on 9x
blended FY13F/FY14F EPS. BUY.
RHB-OSK-DMG
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A small percentage of money coming out of bonds can buy up many many times of equities.
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Investors confident because of what didn't happenMoney that had been pulled out of stocks is now pouring back in, says Banyan Partners' Robert Pavlik, because the worst fears about the fiscal cliff, debt ceiling and corporate earnings have not come to pass.
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China’s economy could grow at more than 8% in 2013, supporting global economic activity that is set to recover, the head of China’s sovereign wealth fund said.
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OCBC bullish on asia equities. Ample liquidity, attractive valuation, the US, European debt issues are the " new normal" . Money coming out of expensive bonds into equities.
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Ample liquidity, attractive valuation, the US, European debt issues are the " new normal" . Money coming out of expensive bonds into equities.
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Money is coming out of bonds into equities. Funds are balancing their portfolios.
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Short-sellers provide liquidity in the markets to propel the stocks higher at current market conditions.
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“We’ve gotten a lot more clarity on important things that we didn’t have a short while ago, as it relates to the U.S. economy, the fiscal cliff, the debt ceiling, fourth-quarter earnings,” Tanious said. “As you continue to peel away that uncertainty and markets become more comfortable, you create an environment where risk assets can do quite well.”
Bloomberg
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" The market has gone up with people being under-invested," Blankfein told " Squawk Box," adding that investors should want the market to go down " so they can get in."
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Traders and money managers posit that after many years of investor caution, significant institutional money hasn't yet been reallocated from bonds to stocks in a meaningful way, and that an even stronger Dow rally will take off if that happens.
CNBC
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Excess liquidity is set to flood the equity markets. The recent property cooling measures will also contribute to the pool of excess liquidity.
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Soon there will be a great migration of funds from expensive bonds into cheap equities. Properties are not the place to invest your funds in for now. At current properties price level, they are very expensive. Investor who wants to fight inflation will invest in equities because the valuations are very attractive at current levels.
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As investors push equities and other risk assets to multi-year highs, one question being raised by analysts is whether upbeat markets are becoming too complacent. Lim Say Boon, chief investment officer at DBS Private Bank in Singapore, says while markets are probably not pricing in long-term structural problems such as huge debt levels in many major economies, the sharp and swift move into stocks this year do not reflect complacency. Instead, the rally in risk assets shows investors are finally taking a step back from high levels of fear and anxiety that ruled last year. In the past three months, shares in the U.S. and Asia have rallied more than 6 percent, while stocks in Europe have gained 4 percent, as fears about U.S. fiscal worries subside and economic data paint a brighter outlook for global growth. It's a sharp contrast to the middle of last year, when a surge in Spanish government bonds yields and worries about a break-up of the euro zone triggered a sharp fall in the euro and equity markets globally.
CNBC
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STI is running on an uptrend. Minor corrections are expected as always. Unless the economy collapse....else stay invested in companies with good fundamentals and forecasts ahead.
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Investors waiting for a pull back so they can put cash in at a lower level are sidelined and frustrated.
CNBC
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STI 3400 COME M NEY COME
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Busy cherry picking...lol
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Kum xia 
GorgeousOng ( Date: 02-Mar-2013 16:11) Posted:
Here you go....green tea jit buay...
Your baby Midas and STXOSV are looking for their daddy!!!
Peter_Pan ( Date: 02-Mar-2013 15:19) Posted:
| pls take note, green tea jit buay pls.. |
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