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21-Feb-2013 00:05

Vard / STXOSV

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" In the meantime, Shareholders are advised to exercise caution when dealing in their Shares and to refrain from taking any action in relation to their Shares which may be prejudicial to their interests until they or their advisers have considered the information and the recommendations of the Independent Directors as well as the advice of the IFA set out in the Circular to be issued in due course."

This is a very strong advise/hint from the STX OSV management. Wait for Ernst & Young and the Independent Directors' recommendations.

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20-Feb-2013 23:43

Vard / STXOSV

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Those who sold at $1.30 yesterday are trying to talk down the stock.

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20-Feb-2013 23:38

Dyna-Mac / Dyna-Mac Holdings

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The management has recently mentioned that they are expecting an increase in business activities.

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20-Feb-2013 22:52

Dyna-Mac / Dyna-Mac Holdings

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Dyna-Mac is set to benefit from the rising FPSO demand and potential UAE jobs are in the pipeline.

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20-Feb-2013 22:48

Dyna-Mac / Dyna-Mac Holdings

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The next wave is going to be a big one. Be sure to ride it.

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20-Feb-2013 22:11

Vard / STXOSV

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With Fincantieri as a kao shan, More prospective clients will have even more confidence to award more of their multi-million dollars contracts to STX OSV from now onwards.

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20-Feb-2013 22:08

Vard / STXOSV

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STXOSV $1.555 COME MNEY COME

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20-Feb-2013 22:07

Vard / STXOSV

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STX OSV has broken-out of the 20/50 SMA with huge volume. Strong trend reversal. It should be closing the 1.375 gap soon.

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20-Feb-2013 22:04

Vard / STXOSV

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This circular by Ernst & Young should be issued soon:

Appointment of Independent Financial Adviser

The Board of Directors (the " Board" ) of the Company refers to the announcement made on

23 January 2013 (the " Offer Announcement" ) by Credit Suisse (Singapore) Limited and

Nomura Singapore Limited, for and on behalf of Fincantieri Oil & Gas S.p.A. (the " Offeror" ), a

direct wholly-owned subsidiary of Fincantieri – Cantieri Navali Italiani S.p.A., in relation to the

mandatory unconditional cash offer (the " Offer" ) by the Offeror to acquire all the issued

ordinary shares (" Shares" ) in the capital of the Company, other than those already owned,

controlled or agreed to be acquired by the Offeror, its related corporations and their

respective nominees.

The Board wishes to inform shareholders of the Company (" Shareholders" ) that it has on

28 January 2013 appointed Ernst & Young Corporate Finance Pte. Ltd. (the " IFA" ) as the

independent financial adviser to advise the Directors of the Company who are considered

independent for the purposes of the Offer (the " Independent Directors" ).

A circular containing, inter alia, the advice of the IFA and the recommendation of the

Independent Directors in relation to the Offer (the " Circular" ) will be sent to Shareholders in

due course.

In the meantime, Shareholders are advised to exercise caution when dealing in their

Shares and to refrain from taking any action in relation to their Shares which may be

prejudicial to their interests until they or their advisers have considered the

information and the recommendations of the Independent Directors as well as the

advice of the IFA set out in the Circular to be issued in due course.

Expect it to be favourable to the minority shareholders!

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20-Feb-2013 21:59

Ezra / Ezra

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It's lao kok kok oredi...needs some oiling....lol

Not to worry...ai lai liao...

Ezion already making tons...special stock

GorgeousOng ( Date: 20-Feb-2013 21:11) Posted:

Still weak ler!像个老太婆有气没气的！！

Peter_Pan ( Date: 20-Feb-2013 10:36) Posted:

Ezra is sailing towards $1.515.

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20-Feb-2013 19:55

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

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Gold has delivered a " death cross" . The price of the yellow metal has seen the 50-day moving average fall below the 200-day moving average

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20-Feb-2013 19:52

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

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Gold for April delivery down $10.40 to $1,594.30

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20-Feb-2013 19:48

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

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GLOBAL MARKETS-World shares gain as growth hopes rise

* MSCI World share index at 4-1/2 year high on growth hopes
* UK stocks jump as BoE seen closer to easing
* Safe-haven assets lose appeal, gold at 6-month low
* U.S. stocks set to gain as Fed minutes eyed

By Richard Hubbard
LONDON, Feb 20 (Reuters) - Signs of improving global
economic recovery lifted world shares to 4-1/2 year highs on
Wednesday, while sterling fell sharply when the Bank of England
revealed it came close to easing policy further to boost growth.
Minutes from their last meeting showed that members of the
BoE's Monetary Policy Committee were more inclined than had been
thought to voting for more asset purchases under its
quantitative easing (QE) programme and had even considered
cutting interest rates. [ID:nL9N09F041]
" Today's minutes have made us more comfortable with our view
that more QE is likely this year, particularly if GDP growth
continues to fall short of the Committee's expectations," said
Samuel Tombs, UK economist at Capital Economics.
The pound slumped to an 8-1/2-month low against the dollar
of $1.5336 , while the euro gained to a near 16-month
high of 87.565 pence, up almost 0.9 percent.
Britain's main FTSE 100 stock index < .FTSE> jumped 0.4
percent to 6,401.79 points, a fresh five-year high and above the
6.400 psychological level that some traders said could induce
bigger moves higher.
The gains offset slightly weaker levels across some other
European markets to lift the MSCI World Equity index by 0.25
percent to its best level since June 2008 < .MIWD00000PUS> .
Global share markets had surged on Tuesday after
forecast-beating German sentiment data pointed to an
accelerating recovery in Europe's largest economy and a rise in
merger activity in the United States encouraged buyers on Wall
St.
Gains in Europe were being held in check by the approach of
euro zone flash Purchasing Managers Index reports on Thursday
and a German business sentiment survey on Friday that could show
whether the region's recovery is taking hold.
The FTSEurofirst 300 index < .FTEU3> index of top European
shares was down 0.1 percent, though this followed a 1.1 percent
rise on Tuesday - its best day for three weeks. Frankfurt's DAX
< .GDAXI> was up 0.15 percent, while Paris's CAC-40 < .FCHI> fell
0.2 percent. [.EU]
" I see no reason why we can't consolidate the gains and
possibly move higher," said Michael Hewson, an analyst at CMC
Markets.
However, some traders have noted that European shares appear
unable to break through their early 2011 levels.
U.S. stock index futures meanwhile pointed to a slightly
firmer open when trading resumes later, with the S& P 500
and Dow Jones contracts 0.1 percent higher.
Data on U.S. new housing starts and building permits for
January are all due at 1330 GMT and are expected to confirm a
continued recovery in that market [MI/DIARY].
Attention in U.S. markets is likely to be focused on the
minutes from the U.S. Federal Open Market Committee's January
meeting, due at 1900 GMT, which may provide clues on how long
monetary policy in the U.S. is likely to remain ultra loose.

SAFE HAVENS SLIDE
The recent rise in equities was weighing on assets perceived
as safe havens, with German Bund futures down 0.3
percent to 142.24, though news that Spain may be about to issue
a U.S. dollar bond helped support sentiment.
Yields on 10-year Treasuries edged up to around 2.047
percent from 2.03 percent in late U.S. trade.
Gold was also losing ground from a declining safe-haven
appeal, hitting a six month low of $1,597.99 an ounce .
" Fundamentals for gold haven't really changed, but other
asset classes have now become more attractive," said Tobias
Merath, global head of commodity research at Credit Suisse.
In the currency markets the yen resumed its climb against
the dollar after Japanese Prime Minister Shinzo Abe said the
need to establish a special fund to buy foreign bonds had
declined.
His comments came a day after Japan's finance minister also
played down talk of such a scheme, which would have helped drive
down the value of the yen. [ID:nL6N0BG0PP]
The dollar fell as low as 93.12 yen after Abe's
remarks before settling to be down 0.2 percent at 93.35 yen,
moving away from a near three-year high of 94.46 hit on Feb. 11.
Strategists said Japan was stepping back from some of its
more aggressive policy-easing proposals after the Group of 20
nations declared at a meeting in Moscow on Saturday that there
would be no global currency war.

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20-Feb-2013 18:19

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

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A Wealthy Nation That Can't Afford to Retire

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Published: Wednesday, 20 Feb 2013 | 3:42 AM ET

By: Rajeshni Naidu-Ghelani

Assistant Producer, CNBC

Roslan Rahman | AFP | Getty Images

The Southeast Asian city-state of Singapore may boast of the highest percentage of millionaires in the world, but retiring in this wealthy financial hub is becoming even more difficult for the common man.

According to a latest study by HSBC, the citizens of this country, which has one of the highest per capita incomes in the world, face the grim prospect of running out of their savings almost halfway through retirement as the high cost of living and increased life expectancy eats into their nest egg.

Singapore has gradually moved up human resources firm Mercer's global rankings of the world's most expensive cities, moving to sixth place in 2012 from eighth in 2011 and eleventh in 2010.

" There is cause for concern from the finding that the retirement savings of people in Singapore will run out after nine years, which is about the time they are entering into frail retirement and a stage of their lives when medical costs and other elderly care expenses are expected to rise," Paul Arrowsmith, head of retail banking and wealth management, HSBC Singapore, said in the report released on Wednesday.

" People are living longer, through tougher economic times, and expectations about their standard of living in retirement have risen," Arrowsmith added.

More than half of the 1,000 Singaporeans interviewed for the survey said that either they were not adequately prepared or not prepared at all for retirement as they expected to continue working beyond the age of 65 to be able to afford their desired lifestyle.

One also needs more money to fund one's retirement in Singapore. According to the study, the annual household income required to lead a " comfortable" retired life in Singapore is the third highest among Asia's major economies, behind Australia and Hong Kong, at $48,773. This figure is 68 percent higher than what was needed in 2011, the survey, which has been running for eight years, found.

The rising cost of living in Singapore has 58-year-old Singaporean Janice Tan worried about her retirement.

" I think the cost of living is really escalating a lot," Tan told CNBC. " During the Chinese New Year season, when I went to buy the goodies, it really shocked me, because the cost is really going up too fast."

Bloomberg | Getty Images

Tan and her husband are currently paying for the education of their two children, including a 21-year-old daughter studying in Perth, Australia. While Tan, an administration professional, hopes to retire soon, she says she knows it might be another 10 years before that happens.

" As human beings we want more - a more comfortable life. That's where the worries come in on whether you will able to survive," Tan said.

According to the study, of those not saving for retirement, nearly half said they were being held back by the cost of day-to-day living.

High costs have become a major cause of discontent among Singapore's residents. This prompted a rare protest over the weekend in which about 3,000 people participated. They were voicing concerns over swelling costs driven by an influx of foreigners.

Foreigners, who account for almost 40 percent of Singapore's 5.3 million people, have been blamed for pushing up housing pricesand taking up jobs in one of Asia's major business centers.

Retirement Fears

The top three fears about retirement cited by Singaporeans were poor health, financial hardship and not having enough money to provide for good healthcare, according to the study.

With retirement savings drying up at a time when Singaporeans are most vulnerable to health problems, funding medical bills could become a big burden, HSBC said.

Tan backed that sentiment, saying that medical bills from a motorcycle accident that her husband was involved in last year have been a drain on their finances.

" As we get older, I realize it [funding health costs] is a more important thing to sort out," said Tan. But the high cost of living is coming in the way. " I can't imagine how much more the cost of living is going to go up to," she added.

—By CNBC.com's Rajeshni Naidu-Ghelani Follow her on Twitter @RajeshniNaidu

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20-Feb-2013 16:38

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

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What do you think then?

cathylmg ( Date: 20-Feb-2013 11:39) Posted:

The question is will it be a downward correction or just sideway correction?

Peter_Pan ( Date: 19-Feb-2013 19:29) Posted:

Current risk to the rally will be the sequester nearing 1 march. Will there be a solution? We shall watch and see. This is also part of the reason many investors are still sidelined waiting for a big market correction.

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20-Feb-2013 15:56

Midas / Midas

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Going parabolic once again.

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20-Feb-2013 15:41

Vard / STXOSV

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STX OSV
Three New Orders Cut EPS, TP on Low 2012 Wins

STX OSV secured three new orders for offshore subsea construction vessels with
an estimated value of NOK2.4bn (USD433m). We view the new orders positively as
the vessels are based on STX OSV’s designs and margins on these orders could
surprise on the upside. However, we lower FY13-14F EPS by 4.5% and 8.7%
respectively as 2012 new order win of NOK9.5bn was lower than our estimate of
NOK12bn. Consequently, we lower our TP from SGD2.05 to SGD1.96. Our TP is
based on 12x FY13F P/E. We believe minority shareholders should not accept the
cash General Offer from Fincantieri at SGD1.22/share as we think the offer
undervalues the stock.

Secured three OSCV orders valued at around NOK2.4bn. STX OSV secured three new
orders: i) one offshore subsea construction vessel (OSCV) (overall length of 121m and
beam of 23m) for Solstad Offshore for NOK600m (USD108m) to be delivered in 2Q2014.
The vessel will be based on STX OSV’s OSCV 03 design ii) one OSCV (overall length of
143m and beam of 25m) for Farstad Shipping for NOK800m (USD144m) to be delivered in
1Q2015. The vessel will be of STX OSV’s OSCV 07 design iii) one OSCV (overall length
of 161m and beam of 32m) for DOF Subsea to be delivered in 1Q2015. Value of this
contract was not disclosed. The vessel will be based on STX OSV’s OSCV 12 design. We
estimate the DOF order to be worth NOK1bn (USD180m).

New orders lifted unbilled order book to NOK20.1bn. As of end 3Q12, STX OSV has
an order book of NOK16.4bn. Since then, the company has secured NOK3.7bn new orders
for five offshore subsea construction vessels, lifting its unbilled order book to NOK20.1bn.

Earnings: Cut FY13-14 EPS by 4.5-8.7% on lower FY12 order win. We lower FY12 EPS
by 4.5% and FY14 EPS by 8.7% as 2012 new order win of NOK9.5bn was below our
estimate of NOK12bn. We also lower FY13 new order win from NOK15bn to NOK12bn.
We are expecting blended EBITDA margin of 12.7% in FY13.

Valuation: We cut our TP from SGD2.05 to SGD1.96 after we revised down our FY13F
EPS. Our TP is based on 12x FY13F P/E, 25% discount to our target P/E for rig builders,
and implies 58% upside from its last closing price. Key risks to our view are: i) successful
privatization by Fincantieri ii) slowdown in new orders and iii) project execution risk.

Maintain Buy: Target SGD1.96

OSK-DMG

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20-Feb-2013 15:39

Vard / STXOSV

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STXOSV Holdings (STXO.SI) - Alert: Is Pessimism on Order Outlook Overdone? - BUY - TP $1.70 - CITI

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20-Feb-2013 15:24