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07-Nov-2013 22:09

Wilmar Intl / Wilmar - Watch for a Strong Rally to Come!

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Just how much is US$416 million?

It is ~15 pieces of Picasso?s painting of his young children, Claude and Paloma. The painting was bought by China?s richest man, Wang Jianlin, for $28.2 million at Christie?s in New York yesterday.

Keep it up, Wilmar.

Solidrock ( Date: 07-Nov-2013 19:53) Posted:

Wilmar: 3Q13 Net Profit Up 2.5% To US$416 Million.

Wilmar: 3Q13 Net Profit Up 2.5% To US$416 Million.

Wilmar International Limited posted a 3% increase in net profit to US$416.0 million for the quarter ended September 30, 2013. Excluding non-operating items, net profit was US$390.9 million in 3Q2013 (3Q2012: US$388.0 million). Most key segments recorded volume growth and higher profits during the period. However, Plantations & Palm Oil Mills continued to be affected by lower production yield and average selling price for crude palm oil. Associates also turned in a weaker performance in 3Q2013. The Group registered strong volume growth, especially in Consumer Products and Sugar. However, revenue was down 4% to US$11.84 billion for the quarter due to significantly lower palm prices...

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07-Nov-2013 16:48

Rotary Engg / Rotary

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Rotary Q3 results out tomorrow? Expecting relatively better performances?

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07-Nov-2013 11:01

Midas / Midas

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Shareholdings

As at 12 March 2013

wait4opp ( Date: 07-Nov-2013 10:49) Posted:

Anyone know how much the floats in the market.

We want to calculate the total float of share values vs the market value.

Maybe by then become SSHs.....

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07-Nov-2013 10:38

Midas / Midas

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Check out Midas 3Q2012 & 9Q2012 performances...... I think can hope for relatively better performances unless there are surprises. Keep our fingers crossed.

alexmay ( Date: 07-Nov-2013 10:23) Posted:

This is the interim report for 2013,

http://infopub.sgx.com/FileOpen/E-InterimReport2013.ashx?App=Announcement& FileID=256783

Can Q32013 be better? DYODD

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07-Nov-2013 10:04

Midas / Midas

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In 3Q2012, Midas made a loss. Thus, if Midas maintains her 2Q2013 performances, we may see relatively better performances in 3Q2013 & 9M2013. Keep our fingers crossed.

And Midas' future is bright & half-year dividend is coming.

akchua ( Date: 07-Nov-2013 08:55) Posted:

I think this quarter result wont be good.

If you want to invest in Midas, need to hold for mid to long term like Cosco and Vard.

Is a good counter to buy now and hold. Now at the bottom of the curve like shipping and ship building industry.

Not vested.

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06-Nov-2013 13:43

CapitaLand / Capitaland

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Perhaps taking turn..... Capitaland flies while others stall? LOL.
Meanwhile, await any property-related measures China may introduce after her policy-making summit from 9 - 12 Nov 13. Any negative/positive or negligible impact?

cooldred ( Date: 06-Nov-2013 12:30) Posted:

Is capitaland doing that bad? Every stock is flying up yet this counter stall at 3.09 for days..

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05-Nov-2013 19:14

Midas / Midas

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On 14 August 2013, the board of directors of Midas Holdings Limited declared an interim dividend of 0.25 Singapore cents per ordinary share for the financial year ending 31 December 2013. Shareholders whose names appear on the register of members of the Company on 2 December 2013 are entitled to receive the Interim Dividend, which shall be payable on 16 December 2013.

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05-Nov-2013 18:55

SMRT / SMRT

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A high-level panel tasked with studying public transport fares has recommended an improved public transport concessions framework....

http://www.channelnewsasia.com/news/singapore/up-to-1-million-commuters/874792.html

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05-Nov-2013 15:52

Midas / Midas

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Meanwhile can use last year as a reference..... 0.25 cents credited to bank account on 17 Dec 12.

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04-Nov-2013 23:16

Others / What?s Happened to Blumont, Asiasons and LionGold

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In market, we have 猫山王 .....

In SGX, we have 狮山子 (Lion...mont...sons) ..... our " infamous?" durians..... just for some laughter .....

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03-Nov-2013 12:57

Midas / CSR SECURED MAJOR CONTRACT OF RMB22.66 BILLION

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http://www.ecns.cn/business/2013/11-03/86920.shtml (Chinese high-speed trains venture overseas)

Redstar8730 ( Date: 03-Nov-2013 00:43) Posted:

Every time just hear the thunder loud but the rain is small. Everytime expect the rocket to fly but it didn't, every time just 0.5ct or 1ct. Think this rocket is fueled by Kerosine..haha

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02-Nov-2013 22:10

Midas / CSR SECURED MAJOR CONTRACT OF RMB22.66 BILLION

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Singapore Business Review dated 30 Oct 13.....

Midas poised to clinch RMB2.5b-3.2b high-speed rail orders by end-2015

Here are its 3 competitive edges.

According to CIMB, China?s aggressive railway expansion plans present a tremendous opportunity for Midas given the company?s 60% market share and strong track record in the industry. CIMB estimates that Midas can win Rmb2.5bn-3.2bn worth of high-speed rail (HSR) orders by end-2015.

Here's more from CIMB:

We raise our FY14-15 EPS to 17-19% above consensus the market is likely to follow suit. We believe further HSR contract wins could catalyse the stock.

China?s railway spending

To improve connectivity between provinces and cities across China, the government plans to add 11,200 high-speed train cars (10,400 currently) and extend the high-speed railway to 18,000km by 2015.

To achieve this, it has allocated a Rmb3.3tr budget for railway investments over the current five-year
plan period that ends in 2015.

In 2011-12, Rmb1.21tr was spent on building railway infrastructure, which leaves a budget of Rmb2.09tr for 2013-15.

As the procurement of railway equipment (including train cars) tends to be back-end loaded, there could be an increase in the remaining budget to Rmb2.16tr that the market has yet to factor in. Based on Midas?s 60% market share, we estimate that it could win Rmb2.5bn-3.2bn of HSR orders by end-2015.

Why Midas

Midas has built up several competitive advantages over the years: 1) close relationships with its key customers, CNR Changchun, CNR Tangshan and CSR Bombardier Sifang, 2) having the dies to produce a variety of extrusion profiles, and 3) strong track record of manufacturing quality products.

As a result, we believe Midas can maintain its position as a preferred supplier to its key customers, which will help it to retain its leading market share of 60% and win the bulk of the HSR contracts.

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02-Nov-2013 00:49

Midas / Midas

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Midas the snail? Wish it is Turbo-Midas.....

http://www.youtube.com/watch?v=_sjzBa3kVQM

Redstar8730 ( Date: 01-Nov-2013 23:40) Posted:

Snail climb super slowly regardless how many contracts won..wait & wait until most small investors gave up & spit at it..👎

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01-Nov-2013 18:50

Midas / Midas

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For reference..... perhaps may see better performances in 3Q2013 & 9M2013.....

Financial Highlights (RMB? mil)	2Q2013	2Q2012	Change %	1H2013	1H2012	Change %
Revenue	284.0	219.8	29.2	486.4	450.2	8.0
Gross profit	63.8	69.3	(7.9)	114.9	137.1	(16.2)
Share of profits/ (losses) from associate	3.1	(14.1)	N.M.*	(0.9)	(18.7)	(95.2)
Profit before tax	19.5	8.4	133.0	15.2	28.4	(46.3)
Profit attributable to equity holders	14.9	1.6	834.1	10.0	16.9	(40.8)

Financial Highlights (RMB? mil)	3Q2012	3Q2011	Change %	9M2012	9M2011	Change %
Revenue	202.7	259.3	(21.8)	653.0	869.7	(24.9)
Gross profit	63.9	86.9	(26.5)	201.0	296.8	(32.3)
Share of (loss)/profit of an associate	(7.0)	(3.6)	95.3	(25.7)	6.2	N.M.*
(Loss)/Profit before tax	(1.6)	40.4	N.M.*	26.7	205.8	(87.0)
(Loss)/Profit attributable to equity holders	(6.1)	27.4	N.M.*	10.7	150.7	(92.9)

Also, hope to see more contracts win.....

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01-Nov-2013 10:59

Midas / Midas

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..... train is moving.....

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30-Oct-2013 23:36

Others / What?s Happened to Blumont, Asiasons and LionGold

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Meanwhile..... enjoy " A Penny For Your Thoughts" .....

http://www.youtube.com/watch?v=LYUNCsDlX0c

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30-Oct-2013 01:09

Others / What?s Happened to Blumont, Asiasons and LionGold

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SIAS accepting SGX's explanations for her (" too slow?" ) actions taken..... LOL.

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29-Oct-2013 19:59

Others / What?s Happened to Blumont, Asiasons and LionGold

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SIAS vs SGX

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29-Oct-2013 19:36

China Fishery / China Fishery - Low PE

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Russian Sea Catching (RSC) looks set to acquire two more pollock fishing companies.

October 29, 2013, 4:00 am

Eva Tallaksen

On Oct. 24, the Russian Federal Anti-monopoly Service (FAS) approved RSC?s application to acquire two holding companies, Baltstar and Malix.

These holdings own the Far Eastern pollock fishing companies Pelagial and Imlan, according to the Russian business newspaper Kommersant.

A RSC spokesperson told Undercurrent News that the group has not purchased Baltstar or Malix, insisting no contracts have been signed at this stage.

?We have just received FAS permission to make acquisition of several companies in case we decide to do that,? the spokesperson told Undercurrent.

?These companies are just legal entities, they don?t have any vessels or fishing quotas in their property,? he added. ?RSC is owner of essential fishing quotas for several species, so FAS permission is required for almost any acquisition.?

According to information seen by Undercurrent, Pelagial and Imlan are among companies suspected to be indirectly owned by or linked to Pacific Andes.

Pelagial has a quota of around 13,500 metric tons of quota, and Imlan of around 4,000t.

Pelagial is among 20-odd Russian pollock catchers found guilty of cartel activities by the FAS last December. On Oct. 23, a Moscow arbitration court confirmed the ruling and imposed fines on six of the companies.

For RSC, the deal is its latest acquisition in the Russian Far East, in an expansion that has taken it from owning zero quotas at the start of the year, to being the country?s largest pollock fishing company.

Specifically, RSC now controls around 12% of the Russian pollock quota (180,000t for 2013), having acquired Turnif, Intraros, Sovgavanryba and Vostokrybprom.

The company has said it plans more deals and in the Far East, while also looking at expanding in all major Russian fishing regions in the longer term.

All acquired companies will fall under the ultimate management of Peter Savchuk, the head of RSC?s Far East division.

Founded in 2011, RSC is owned by oil billionaire Gennady Timchenko and Maxim Vorobiev, both also shareholders in Russian Sea Group.

It was created with the specific aim of acquiring fishing companies in the Far East.

Its emergence coincided with accusations from the Russian government and FAS that Russian pollock catchers were engaged in cartel activities and were illegally controlled by foreign companies, mainly from China (Pacific Andes) and South Korea.

RSC is now led by Andrey Teterkin, who joined as CEO of RSC in the later part 2012 from Sibur, a Russian fertilizer company.

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25-Oct-2013 20:19

Others / What?s Happened to Blumont, Asiasons and LionGold

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..... the 3 musketeers are still being cornered .....

wishbone ( Date: 25-Oct-2013 14:07) Posted:

With the latest news about these three counters by MAS, SIAS and SGX, it is unlikely that there will be any rebound or rather it will further push these counters down. This not only affect these three counter but the market sentiment is rather bad despite US and Europe stocks market are rising.

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