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Latest Posts By Peter_Pan - Supreme      About Peter_Pan
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15-Feb-2013 10:20 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 1 		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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15-Feb-2013 10:17 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Mergers and acquisitions have surged this month with megadeals for iconic companies such asDell Inc.  and H.J. Heinz Co., fueling optimism that more buyers are ready to embrace $10 billion pricetags.

Almost $40 billion in deals have been announced today, led by Heinz’s $23 billion takeover by Berkshire Hathaway Inc. and 3G Capital, data compiled by Bloomberg show. Transaction volume has increased by 27 percent so far this year compared with the same period year earlier, signaling buyers are willing to spend again following last year’s mergers slump.

Record corporate profits  and cheap borrowing costs are attracting buyers even as stock prices soar to a five-year high, with more than $140 billion of announced M& A deals this month, data compiled by Bloomberg show. The past two weeks alone have yielded at least four deals worth more than $10 billion each, including the Heinz and Dell buyouts and Comcast Corp.’s $16.7 billion purchase of General Electric Co.’s stake in NBC Universal.

“The Goldilocks era of post-crisis M& A has never been an if, but a when,” said JPMorgan Chase & Co. Vice Chairman  James B. Lee, whose firm advised on Dell, Heinz and GE, as well as Liberty Global Inc.’s proposed $16 billion takeover of Virgin Media Inc. “CEOs are declaring that day has come.”

Last year, M& A shrank about 8 percent to $2.21 trillion, according to data compiled by Bloomberg. The one bright spot: The fourth quarter, which was the strongest for deals since 2008, buoyed by Softbank Corp.’s plan to take control of Sprint Nextel Corp. and the proposed combination of T-Mobile USA Inc. and MetroPCS Communications Inc.

Confidence Growing

The completion of the U.S. Presidential election in November and easing financial turmoil in Europe have helped set the stage for larger purchases.

“The Euro zone dynamics, the U.S. elections, the fiscal cliff and debt ceiling, while not in the rear-view mirror, have all taken a back seat to improving fundamentals,” said  Paul Parker, Barclays Plc’s head of global corporate finance and M& A.

“Big deals tend to be transformational for industries and the second-order consequences can be very meaningful, often requiring a strategic offensive or defensive response,” he said. Barclays helped Silver Lake Management LLC finance its bid for Dell and is advising on US Airways Group Inc.’s merger with AMR Corp.’s American Airlines.

Debt Capacity

Easy access to cash may help solidify that. Borrowing costs with high-yield bonds, which investors typically use to fund leveraged merger deals, reached a record low in late January. Yields dropped to 6.41 percent on Jan. 25, compared with an average 9.27 percent over the past decade, according to the Bank of America Merrill Lynch U.S. High Yield index. High-risk, high- yield bonds, also known as junk, are rated below Baa3 by Moody’s Investors Service and lower than BBB- at Standard & Poor’s.

“The trigger is that capacity in the debt markets is much bigger than we’ve seen since 2007,” said  Mark Stephanz, vice chairman of the global financial sponsors group at Bank of America Corp. “We remain very optimistic about continuous growth in deal volumes throughout the year based on the liquidity we see.” His bank served as an adviser on the Heinz transaction.

Corporate confidence also may play a role in the rebound. Companies in the  Standard & Poor’s 500 Index  reported earnings per share of $101.38 in the past 12 months, 20 percent more than their level in 2007, the tail end of the previous buyout boom, data compiled by Bloomberg show. About 74 percent of the 386 companies in the S& P 500 that have released results during the earnings season have exceeded profit projections, the data show.

Advisory Fees

The rebound also means big paydays for Wall Street firms. Banks including Centerview Partners, Bank of America, Lazard Ltd. and Moelis & Co. may make as much as $97 million advising on the Heinz deal, valued at $28 billion including debt, according to estimates from Freeman & Co.

Centerview and Bank of America provided guidance to Pittsburgh-based Heinz, while Moelis acted as adviser to the company’s transaction committee. They stand to make as much as $60 million from their work, according to estimates from  Lam Nguyen, a director at New York-based research firm Freeman.

Lazard served as lead adviser to the investment group taking over Heinz, while JPMorgan and Wells Fargo & Co. also provided advice. They may receive as much as $37 million, according to the Freeman estimates.

The sale boosts JPMorgan to the top of the M& A league table this year, displacing Goldman Sachs Group Inc., data compiled by Bloomberg show. New York-based JPMorgan has advised on an estimated $96.2 billion of buyouts this year including all of the four biggest, the data show. Goldman Sachs, which wasn’t involved in the Heinz sale, is credited with helping to arrange $75.7 billion of M& A deals this year, the data show.

Centerview’s Role

Centerview has jumped to fourth in market share of announced M& A deals so far this year after advising on Heinz and on Comcast purchase of GE’s NBC stake, data compiled by Bloomberg show. The New York-based advisory firm’s share of M& A advisory business so far this year is estimated at $52.8 billion, or 19 percent of all business, compared with $38.5 billion, or less than 2 percent, for all of last year, the data show.

If M& A continues at this pace through the rest of February, it could be the strongest month for transactions since October 2012, according to data compiled by Bloomberg.

“Deals we are seeing today could be reflective of a growing appetite for larger deals,” saidMartyn Curragh, U.S. deals leader at PricewaterhouseCoopers LLP. “Momentum is building on positive trends we saw developing last year in low- cost debt, a more stable equity market and continued interest from foreign investors.”

Bloomberg 

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15-Feb-2013 10:10 Vard   /   STXOSV       Go to Message
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x 0 		STX OSV Company Update: Three New Orders. OSK-DMG cut its TP from SGD2.05 to SGD1.96 after it revised down its FY13F EPS
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15-Feb-2013 10:00 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		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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15-Feb-2013 08:48 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		OCBC's Q4 net profit up 12 pct, above forecast

SINGAPORE, Feb 15 (Reuters) - Oversea-Chinese Banking Corp 
, Singapore's second-biggest lender, posted a 12 
percent jump in fourth quarter net profit due to a rise in fee 
income and a quadrupling of gains from its insurance unit that 
offset weak interest margins. 
OCBC earned S$663 million ($537 million) in the three months 
ended in December, compared with S$594 million a year earlier. 
The profit was above the S$622 million average forecast of 
five analysts polled by Reuters. 
The group has not announced any special dividend after it 
profited from post-tax gains of S$1.13 billion in the third 
quarter following the sale of stakes in conglomerate Fraser and 
Neave  and Asia Pacific Breweries  to 
companies linked to a Thai beer baron. 
Chief Executive Samuel Tsien said in a statement OCBC is 
well placed to pursue new opportunities and drive growth in key 
geographies and businesses. [ID:nSNZ1VSCQF] 
Last week, bigger rival DBS Group Holdings 
reported a net profit of S$760 million for October-December, 
below an average forecast of S$810 million on weak interest 
margins.
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15-Feb-2013 08:43 Vard   /   STXOSV       Go to Message
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x 0 		STXOSV: Three new OSCV contracts worth US$350-500m - BUY - TP $1.52 - OCBCS
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15-Feb-2013 07:48 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		How big will the crash be? When will it happen? What will cause it?
Would like to hear more.

xing78      ( Date: 15-Feb-2013 03:51) Posted:

SELL. market will be heading for a crash whenever you see pennies in the top volume for consecutive weeks.

Peter_Pan      ( Date: 14-Feb-2013 23:42) Posted:

Smart monies are buying the dips now.
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15-Feb-2013 07:43 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		You mean the rally for the pennies is to suck people in to holland?

xing78      ( Date: 15-Feb-2013 03:51) Posted:

SELL. market will be heading for a crash whenever you see pennies in the top volume for consecutive weeks.

Peter_Pan      ( Date: 14-Feb-2013 23:42) Posted:

Smart monies are buying the dips now.
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15-Feb-2013 07:12 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		Please sell plus short.

xing78      ( Date: 15-Feb-2013 03:51) Posted:

SELL. market will be heading for a crash whenever you see pennies in the top volume for consecutive weeks.

Peter_Pan      ( Date: 14-Feb-2013 23:42) Posted:

Smart monies are buying the dips now.
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15-Feb-2013 07:08 Vard   /   STXOSV       Go to Message
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x 0 		Too much noise there. Too cluttered.
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15-Feb-2013 02:45 Vard   /   STXOSV       Go to Message
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x 0 		Just ignore.

InvestNotTrade      ( Date: 15-Feb-2013 02:35) Posted:

Anyone got account at CNA forum? People there thinks stx osv will get delisted. Help them help ourselves

http://forum.channelnewsasia.com/showthread.php?426992-STX-OSV-1.22-Mandatory-Unconditional-Cash-Offer/page2
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15-Feb-2013 02:16 Midas   /   Midas       Go to Message
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x 0 		New base formation about to be completed. Trending towards 0.60. 
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15-Feb-2013 02:13 Dyna-Mac   /   Dyna-Mac Holdings       Go to Message
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x 0 		The next wave is going to be a big one. Be sure to ride it.
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15-Feb-2013 02:08 Dyna-Mac   /   Dyna-Mac Holdings       Go to Message
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  Dyna-Mac: Overweight - Target Price $0.64

J.P. Morgan Securities Singapore Private Limited 
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15-Feb-2013 02:01 Dyna-Mac   /   Dyna-Mac Holdings       Go to Message
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x 0 		Dyna-Mac is set to benefit from the rising FPSO demand and potential UAE jobs are in the pipeline.
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15-Feb-2013 01:51 Vard   /   STXOSV       Go to Message
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x 0 		The tide has turned. STX OSV is riding this big wave.
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15-Feb-2013 01:48 Midas   /   Midas       Go to Message
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x 0 		Already done that and now is trending higher.

GorgeousOng      ( Date: 14-Feb-2013 21:07) Posted:

Midas Could See A Short-Term Technical Pullback
by Xavier Lim 14/02/13 4:16 pm
Midas’ share price has been performing well over the past few months on the back of the securing of new orders by the company and its associate. Year-to-date, Midas has secured two contracts totaling Rmb1.048 billion. Based on media reports, the Chinese government is expected to spend approximately Rmb600 to Rmb650 billion in railway investments this year. As the market believes that Midas is well-positioned to benefit from the China economic recovery, which would be driven largely by infrastructure investments and domestic consumption, its share price is likely to continue to trend upward.


Source: 1-year period daily chart for Midas
Looking at the technical picture, a bearish divergence between Midas’ share price and the Relative Strength Index has formed over the past few weeks. In addition, Midas seems to be forming a mini head-and-shoulders pattern. These signaled that Midas is likely to face a pullback in the near term. Immediate support level is around $0.54, and piercing through that price will see the next support level at $0.52. Nevertheless, Midas is still in the uptrend channel, unless, it falls out from the uptrend channel.


▼ MIDAS 0.550 -0.005 -0.90%
Last updated: 14/02/13 04:40pm
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15-Feb-2013 01:45 Dyna-Mac   /   Dyna-Mac Holdings       Go to Message
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x 0 		Why you so impatient? How to make money?

Tropical      ( Date: 15-Feb-2013 01:42) Posted:

sleeping stock.

Peter_Pan      ( Date: 14-Feb-2013 22:58) Posted:

Strongholders will be rewarded handsomely very soon.
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15-Feb-2013 01:30 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
x 0
x 0 		Yes?

raykee      ( Date: 14-Feb-2013 23:53) Posted:

peter leh?????
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15-Feb-2013 00:32 Vard   /   STXOSV       Go to Message
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STX OSV SECURES CONTRACT FOR ONE OFFSHORE SUBSEA CONSTRUCTION VESSEL FOR DOF SUBSEA

 

STX OSV SECURES CONTRACT FOR ONE OFFSHORE SUBSEA CONSTRUCTION VESSEL FOR FARSTAD SHIPPING

 

STX OSV SECURES CONTRACT FOR ONE OFFSHORE SUBSEA CONSTRUCTION VESSEL FOR SOLSTAD OFFSHORE 
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