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Looks like ThBev is working on the best counter offer such that it can win the bid at affordable price and let OUE offer at a higher price to reap profit for its 34% holding of FN shares. Either way ThBev stands to win - any view on this?
skk888 ( Date: 22-Nov-2012 17:39) Posted:
Haha.. Either they want to buy time to raise funds, or they want to get a higher bid, or they just want to make it a stalmate. Don't think kirin and OUE is able to garner another 35% to complete their transaction. If they do, the worse is thaibev sell to get the profit.
If it becomes a stalmate, then thaibev can't tap on the cash and distribution network. |
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The current price is attractive. Still think there is potential to move up much higher when the offshore business is in full gear.
xin9999 ( Date: 22-Nov-2012 13:42) Posted:
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Can ThBev counter offer with just a 2cent increase to 9.10 ? Any regulation on how much the counter offer can be?
cheerstan2002 ( Date: 21-Nov-2012 21:13) Posted:
Financial report showed profit ... Not sure it will rise or not ...
Recently Biosensors showed great profit, but it still get hammered down. I hope THBEV won't be hammered down also.
Actually looking at the TA, it showed signal of reversal and when the good news come from the bidding war it will surely rise above recently high of 0.445
All the best to all of us ... hope all make money thru THBEV ...
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Price keep going up for FN but what can happen if ThBev counter offer with a 2cent increase to 9.10?
Singer88 ( Date: 22-Nov-2012 11:19) Posted:
| Will there be any surprise by ThaiBev today ?
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Seems like a good time to enterat this attractive price?
tonylim ( Date: 20-Nov-2012 15:25) Posted:
So the current price is very attractive to enter?
paul1688 ( Date: 20-Nov-2012 15:00) Posted:
From DBSV 20 Nov.
MIDAS Poised for a turnaround
We visited Midas’ production facilities in Luoyang, Nanjing and Jilin recently. The Group’s production capabilities and capacity has expanded during this lull period. Winning more orders from wider sources should help boost the Group’s profitability.Maintain BUY with TP S$0.50 (1x FY13 P/B) Enhanced capacity and capabilities.
Whilst orders have been slow in coming through to Midas, it has been enhancing both its production capacity and capabilities, in addition to diversifying its product range. Jilin Midas now has an aluminium extrusion production capacity of 50,000 tonnes per annum and can fabricate a complete range of train parts, including for export. More contracts to flow in, and boost profitability in 2013 and 2014. We expect Midas to comfortably win orders of c. RMB1bn from metro, export and the non-rail segments (power and other extrusion products) over the next 12 months, while high-speed train orders will depend on how soon the Ministry of Railway (MoR) makes its purchases. If the MoR does order 400 train sets, as people in the industry expect, we project that Midas could win c. RMB1bn worth of high-speed train orders for delivery over the next 2-3 years. Meanwhile, associate Nanjing Puzhen should also see an earnings turnaround on its strong RMB8.5bn order book. BUY for 2013 turnaround story, TP S$0.50. Midas is currently trading at 0.7x FY13 P/B, which we see as attractive for a turnaround story. We believe the stock should re-rate as contracts start to flow in once again for the Group. Our TP is based on 1x FY13 P/B. |
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So the current price is very attractive to enter?
paul1688 ( Date: 20-Nov-2012 15:00) Posted:
From DBSV 20 Nov.
MIDAS Poised for a turnaround
We visited Midas’ production facilities in Luoyang, Nanjing and Jilin recently. The Group’s production capabilities and capacity has expanded during this lull period. Winning more orders from wider sources should help boost the Group’s profitability.Maintain BUY with TP S$0.50 (1x FY13 P/B) Enhanced capacity and capabilities.
Whilst orders have been slow in coming through to Midas, it has been enhancing both its production capacity and capabilities, in addition to diversifying its product range. Jilin Midas now has an aluminium extrusion production capacity of 50,000 tonnes per annum and can fabricate a complete range of train parts, including for export. More contracts to flow in, and boost profitability in 2013 and 2014. We expect Midas to comfortably win orders of c. RMB1bn from metro, export and the non-rail segments (power and other extrusion products) over the next 12 months, while high-speed train orders will depend on how soon the Ministry of Railway (MoR) makes its purchases. If the MoR does order 400 train sets, as people in the industry expect, we project that Midas could win c. RMB1bn worth of high-speed train orders for delivery over the next 2-3 years. Meanwhile, associate Nanjing Puzhen should also see an earnings turnaround on its strong RMB8.5bn order book. BUY for 2013 turnaround story, TP S$0.50. Midas is currently trading at 0.7x FY13 P/B, which we see as attractive for a turnaround story. We believe the stock should re-rate as contracts start to flow in once again for the Group. Our TP is based on 1x FY13 P/B. |
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Ng B Gay + Cecilia = Lust + Greed + Fear = ?
tonylim ( Date: 20-Nov-2012 11:12) Posted:
and LUST
MtFaber ( Date: 20-Nov-2012 10:24) Posted:
| The only behaviour of all mankind is fear and greed, regardless of nationality.
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and LUST
MtFaber ( Date: 20-Nov-2012 10:24) Posted:
| The only behaviour of all mankind is fear and greed, regardless of nationality.
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Any reason for FN price share being pushed to 9.37 ? Is it trying to block the counter offer by ThBev or wants a higher offer?
orangejuice01 ( Date: 20-Nov-2012 09:56) Posted:
Whatever the outcomes, as long as the bid does not fall thr' this F& N take-over is going to create a lot of value. Banks, brokers, analysts/advisors, stock exchange including the restaurants/hawkers centers where meetings took place are going to contribute to Q4 GDP....
Great to see foreign inflow of funds/investment into Sg...Great to see GE/OCBC etc are unlocking the intrinsic value of their prime gems. Are there more to come? To the Board members, Great job....! |
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EZRA has fallen quite alot and so Triyard will move in tandem as most of its business is dependent on EZRA's securing more projects.
Audermas ( Date: 19-Nov-2012 11:35) Posted:
Fell back aslp. Seems like it just can't hold.. I wonder why.
xin9999 ( Date: 19-Nov-2012 10:22) Posted:
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Not sure your assumption is correct because the deal on APB shares is done and OUE will not get to benefit from the proceeds of APB breweries (you estimated to be $5.6 billion) . What OUE will get is only the F & B (soft drinks) business and hospitality business and other business minus the APB shares. So, OUE still has to folk out a very huge sum of money
bluechip138 ( Date: 19-Nov-2012 15:21) Posted:
Based on OUE’s $9.08 a share bid values F& N at $13.079 bln, or effectively $4.78 bln for OUE for the property assets and other businesses, excluding the $5.6 bln that will come from F& N selling its stake in AP Brew to Heineken, and $2.7 bln OUE has agreed to sell the food & beverage business of F& N to Kirin - post offer that is.
OUE is only paying $4.78 bln for FNN's property portfolio that is estimated at more than $8 bln. i.e. $8 - 4.78 = $3.22 bln buffer for OUE to raise the offer bid for FNN.
The Thai also aware of what FNN worths. Therefore market is anticipating a bidding war with surge in FNN price.
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Holding very well in this depressed market
harley22ez ( Date: 16-Nov-2012 16:37) Posted:
market will recoevr next monday ............
On eve of U.S. 'fiscal cliff' talks, positions harden
 Reuters – 1 hour 22 minutes ago
By Richard Cowan
WASHINGTON (Reuters) - As President Barack Obama and congressional leaders prepared for budget and tax talks on Friday aimed at preventing the U.S. economy from falling back into recession, a top Republican vowed to overhaul the U.S. tax code next year.
Democrats and Republicans dug in on their long-held opposing positions on the eve of the talks, with Senate Republican leader Mitch McConnell warning, " What we won't do is raise tax rates."
But raising income taxes on the wealthy to help shrink the deficit was exactly what Obama highlighted during his first post-election news conference on Wednesday. Twenty-four hours later, Obama spokesman Jay Carney argued that public sentiment was firmly behind the newly re-elected president.
Obama " will not sign, under any circumstances, an extension of tax cuts for the top 2 percent of American earners," Carney told reporters aboard Air Force One en route to New York to survey recent devastating storm damage.
Later on Thursday, Republican Dave Camp, the chairman of the tax-writing Ways and Means Committee of the U.S. House of Representatives, said his panel will move to overhaul the U.S. tax code next year.
The panel " will write, act on and pass comprehensive tax reform legislation in 2013," Camp said in the text of a speech to be delivered in the evening. " We intend to move a comprehensive tax reform bill in 2013 - no matter what."
Obama at 10:15 a.m. EST (1515 GMT) on Friday will bring together the four top leaders of Congress for the first time since the November 6 election.
McConnell, Senate Majority Leader Harry Reid, House of Representatives Speaker John Boehner and House Democratic leader Nancy Pelosi are scheduled to talk with him for about an hour at the White House.
" Let us go to the table in good faith that we want something to happen," Pelosi told reporters, adding, " If nothing happens, the consequences will be great."
While all five leaders have registered the need for cooperation after Democrats scored a healthy win in last week's elections, all signs point to difficult negotiations on how to avoid the " fiscal cliff" on January 1.
That is when about $600 billion worth of broad tax increases and deep spending cuts occur if Congress cannot decide how to replace them with less extreme deficit-reduction measures.
The overall push for fiscal responsibility is being fueled by budget deficits that have topped $1 trillion for each of the past four years, pushing the country's debt beyond the $16 trillion mark.
Uncertainty about the fiscal cliff prompted analysts this month to cut early 2013 U.S. economic growth expectations, a Reuters poll showed on Thursday.
Investors are also rattled. The S& P 500 is down nearly 2 percent for the week, further eroding the market's 2012 gains.
The Obama-led talks begin amid growing fears there will be new demands on Washington for bailouts that could further increase deficit spending.
The U.S. Postal Service announced on Thursday a record net loss of nearly $16 billion last year, more than triple its loss the previous year.
The cleanup from East Coast wreckage brought by Superstorm Sandy could require Congress to approve billions of additional dollars in aid - just as the U.S. Federal Housing Administration is indicating it might need a bailout for the first time in its 78-year history because of bad loans.
Much larger bailouts of U.S. financial and automotive industries a few years ago sparked outrage among many lawmakers and voters.
YOU GO FIRST
In the run-up to Friday's White House gathering, Republicans and Democrats were jockeying for the upper hand in the negotiations and in public opinion.
McConnell, speaking on the floor of the Senate, said, " It's the president's turn to propose a specific plan that brings both parties together. That's what a president is elected to do."
Before the election, lawmakers speculated that if Obama won a second four-year term, he would promptly unveil a new comprehensive set of proposals for averting the fiscal cliff.
But Obama's solid win, coupled with an expanded Democratic majority in the Senate and a larger Democratic minority in the House, has caused the president to pivot, according to some Democratic congressional aides.
An emboldened Obama, the aides say, will now focus on urging Republicans to accept a Democratic bill passed in the Senate last July to extend expiring income tax cuts - first enacted by President George W. Bush - except for those families making more than $250,000 a year in adjusted income.
" If Republicans have other ideas on how to raise revenues now, they should bring them" to the White House, said one Senate Democratic aide.
While differences over raising income taxes are large, some have spotted in the week's rhetoric some openings for compromise. Those include raising Obama's $250,000 income threshold to $500,000, or letting the top income tax rate rise to something less than the 39.6 percent Obama wants, from the current 35 percent.
There is also growing talk of extending a payroll tax break for 160 million American workers to stimulate the economy by putting about $1,000 a year in extra spending power in their pockets.
The payroll tax is set to expire at year's end and will be part of the White House negotiations, leaders said.
The negotiators will also have to decide what to do about $109 billion in across-the-board spending cuts set to be triggered on January 2.
Even if Obama and Congress can forge a deal to avert the fiscal cliff by December 31, they will still have plenty of work ahead of them early next year on tax and budget policy. That is when the most arduous work is expected on revamping the outdated U.S. tax code and retooling expensive " entitlement" programs such as Medicare, the government healthcare program for the elderly.
" We are open to a grand bargain - however we get to the place where we can have significant deficit reduction," Pelosi told reporters.
In the meantime, the Obama talks likely will aim for a partial solution to get the country past the cliff and into the new session of Congress that starts in January.
" The bland bargain," was how Chris Krueger, senior policy analyst at Guggenheim Washington Research Group in Washington, described it.
(Additional reporting by Kim Dixon, Rachelle Younglai, Mark Felsenthal, Thomas Ferraro, David Lawder and Deborah Charles. Editing by Fred Barbash and Lisa Shumaker)
@YahooSGfinanceon Twitter
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Japan going into recession and so venture into brazil and get into money not enough
stockmarketmind ( Date: 16-Nov-2012 11:14) Posted:
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SunMoon also sells abalon but share price is very low. Why is it so?
Bopanha ( Date: 14-Nov-2012 16:26) Posted:
Price is now very low. Has to consider one's finance to buy and hold. Two options to consider. Money in the bank for one year, make some safe interests. Money on Oceanus means betting for a high return if the business rolls out well.
Juzztrade ( Date: 14-Nov-2012 16:17) Posted:
Very tempted by delicious abalone
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Somehow and for whatever reason this stock is quietly and gradually movely up
solomonster ( Date: 14-Nov-2012 08:50) Posted:
I mean 5yr. My math doesn't work in the morning 
solomonster ( Date: 14-Nov-2012 08:48) Posted:
come on..... this is 4yr old posting.... Stop it!
Focus on present! |
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Noticed this stock is moving up gradually and quietly
tiancai007 ( Date: 12-Nov-2012 22:27) Posted:
Yes results very good, profit rises 16 times than 3rd qn 2011.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_903F3BFBEDDF2DE948257AB40039F297/$file/12-11-2012_3Q2012-Presentation.pdf?openelement
cheongsl ( Date: 12-Nov-2012 22:13) Posted:
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Japan will be going into recession
AnthonyTan ( Date: 12-Nov-2012 09:34) Posted:
Very strong backing by Temasick.
biturbo ( Date: 11-Nov-2012 20:20) Posted:
| Agree.. unless got BB push it down...otherwise it trades sideways...
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Sometimes it is good to stick to one's analysis and belief than to listen to some soothsayers or technical advisers who have other hidden agenda. Got played out before where they say sell due to some bad news but it up instead eg SAT
Jimmytai ( Date: 12-Nov-2012 14:03) Posted:
| i notice that there is this huge selling wall at 0.385. i remember a few days ago there was this wall as well and when the buying starts the wall drops from 2000 lots sell que to like 200 plus. i am just curious, why does the BBs want to create a huge wall and discouraging people to buy? is it because they want to keep prices low for accumulation later? thanks for answering my quires and if im wrong in my statment do correct me as well. thank you!
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Seems like Ezra's new venture into subsea business is bearing fruits.
Blastoff ( Date: 08-Nov-2012 13:54) Posted:
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Train starting to move
katak88 ( Date: 07-Nov-2012 14:57) Posted:
This is to notify the bc-date and payment for the interim dividend announced during the last quarterly announcement on 14 Aug 2012 (Q2 results)
skk888 ( Date: 06-Nov-2012 22:16) Posted:
| Yeah.. I see.. Anyway re-read the announcement in detail.. It seems to be more of a "reminder".. |
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