ShareJunction - Member Posts

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CIMB Maintains Outperform, as we roll forward our target price to $0.74, based on 1.29x CY14 P/BV (20% discount to mean P/BV from 2010-11).

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Midas Holdings - High speed mode reactivated

Written By Stock Fanatic on Tuesday, October 22, 2013

Midas announced that it has secured Rmb167.5m worth of high speed rail contracts for delivery of 51 train sets over 2013-14. This is within our expectations of Midas securing a majority of the 51 train set orders issued to CNR in Sep due to Midas being its key supplier in the past.

Given that this is Midas?s first high speed rail (HSR) contract win since orders were suspended in China in 2011, we believe this news is likely to provide a strong re-rating catalyst for the stock. Maintain Outperform, as we roll forward our target price to $0.74, based on 1.29x CY14 P/BV (20% discount to mean P/BV from 2010-11).

What Happened

Midas announced today that it has secured HSR contracts worth Rmb167.5m from CNR Changchun and CNR Tangshan. Delivery for the 51 train sets is expected to take place over 2013-14, with the bulk of the orders to be delivered in 4Q13. This marks the first HSR contract that Midas has won since the former Ministry of Railways (MOR) suspended HSR orders in Jul 2011. The China Railway Corporation recently resumed HSR orders in Sep, giving out contracts for a total of 159 train sets. 108 train sets were awarded to CSR Qingdao Sifang, while 51 were given to CNR.

While Midas is a preferred supplier to CNR, it has not clinched orders from CSR Qingdao Sifang in the past.

What We Think

This news is largely within our expectations of Midas securing a majority of the 51 contracts awarded to CNR, due to Midas?s position as a key supplier to CNR in the past. Midas also has a competitive advantage in having the dies to produce extrusion profiles for the CRH3 models ordered.

Historically, the MOR has issued an equal proportion of HSR orders to CSR and CNR. We expect CNR to secure more contracts over the next few rounds of tenders, which translates into more order wins for Midas. The market expects orders for another 131 train sets in Nov-Dec. Assuming CNR wins orders for 94 of the 131 train sets (50-50 split of total orders to date between CNR and CSR), and Midas secures contracts for all 94 train sets, this translates into a potential order win of Rmb309m for Midas (assuming same price per train car) in the next round of procurement.

Intra Day

Gadgets

Technical Analysis

Daily Chart

What You Should Do

We expect Midas?s share price to react positively to this news. Further HSR contract wins are likely to catalyse the stock. Thus, we keep our Outperform stance. (Read Report)

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Temasek Said to Have Sold Stake in Keppel REIT

Oct. 22 (Bloomberg) -- According to 2 ppl familiar with the
transactions, who declined to be identified because the
information is private....
* Temasek sold about 103.9m shrs for S$1.195: 1 of the ppl
* JPMorgan was the advisor on the sale: 2 ppl
* NOTE:Keppel REIT falls as much as 4.1%, most since July 8,
lowest since Aug. 30
* 1 block of 99m shrs crossed at S$1.195 at 9:08am, equivalent
of 3.6% of shares outstanding: Bloomberg data
* 1 block of 4.94m shrs crossed at S$1.195 at 9:09am:
Bloomberg data

danytan ( Date: 22-Oct-2013 16:00) Posted:

Means ur broker is saying the seller is TH... qn is why did they wanna sell at that price?

stknoob ( Date: 22-Oct-2013 15:56) Posted:

Broker told me Temasek Holding wants to raise $100million by selling Kep Reits.

So it is a good time to buy some Kep Reit to keep? Any advise

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The Board of Directors (the "

to the placement of up to 100,000,000 new ordinary shares in the capital of the Company. Board" ) of Ace Achieve Infocom Limited (the ?Company?) refers to the Company?s announcements dated 8 October 2013 and 21 October 2013 (the ?Announcements?) relatingUnless otherwise defined, all capitalised terms used herein bear the same meanings as in the Announcements.

The Board wishes to announce that the 100,000,000 Subscription Shares were allotted and issued as fully paid to the Scrip Lender on 22 October 2013. Following the issue of the Subscription Shares, the

total number of issued and paid-up ordinary shares of the Company has increased to 752,000,000 ordinary shares.

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Midas said.. not I said........

WanSiTong ( Date: 21-Oct-2013 21:54) Posted:

Your contract is my contract,

My contract is my contract...... Lol

happyharvest ( Date: 21-Oct-2013 21:49) Posted:

I thought the contracts are mainly won by their subsidiary

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The train finally start moving.......... Huat arh........

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Hopefully One more new contract plus good financial results will push the price to $1.20 by 2 Dec.......Lol

Name	Listing Date	Expiry / Closing Date	Conversion Ratio	Exercise Price	Outstanding Bal

VARD HOLDINGS MBECW131202

29 Apr 2013

02 Dec 2013

2.50000

1.20000

80,000,000

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If a Co issues a Profit Guidance before the Quarterly announcement, it means profit of the Co will be very poor or from profit to loss.

leewankiat ( Date: 22-Oct-2013 10:23) Posted:

I am new to investment....No profit guidance means good news?

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Heng heng no profit guidance ..........Huat arh...

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SINGAPORE EXCHANGE | NEUTRAL | TP: S$8.10

SGX had a decent start to the year with 1QFY14 net profit up 24% y-o-y (+5% q-o-q, based on reported net profit) to SGD92m
Average daily turnover (ADT) in the securities market was stable y-o-y but down 16% q-o-q to SGD1.3bn
Meanwhile, derivative volume posted strong y-o-y growth (+36% y-o-y)
Our earnings forecasts and SGD8.10 FV (23x CY14EPS) are unchanged1QFY14 results in line
SGX?s 1QFY14 net profit of SGD92m (+24% yo-y +5% q-o-q) was within our and consensus expectations, accounting for 25% of our and consensus full-year net profit estimates
Higher clearing fee, better derivative volume drive y-o-y profit growth
Y-o-y, while average daily turnover (ADT) in the securities market was broadly stable at SGD1.3bn, securities revenue rose 15%
Average clearing fee increased to 3.2bps from 2.7bps a year ago, as the proportion of capped trades fell to 35% from 46% in 1QFY13, with institutions trading a broader range of stocks and retail participation rising
Turnover velocity, however, was weaker at 47% (1QFY13: 51% 4QFY13: 55%)
Meanwhile, derivatives revenue was up 16% y-o-y as total traded volume jumped 36% y-o-y to 26.4m contracts, led by the FTSE China A50 futures, Nikkei 225 futures and options, and iron ore swaps
Q-o-q, revenue fell 9% reflecting weaker ADT (-16% q-o-q) and derivative volume (-16% q-o-q)
Expenses broadly under control (+6% y-o-y -6% q-o-q)
Management continued to guide for FY14 operating expenses of SGD320m-330m (FY13: SGD300m)
Technology-related capital expenditure is expected be around SGD35m-40m
As expected, SGX declared an interim DPS of 4 cents (1QFY13: 4 cents)
We are forecasting FY14 total DPS of 31 cents (FY13: 28 cents), based on a net payout ratio of 90%
We are maintaining our SGD8.10 FV, which is based on target CY14 P/E of 23x (a 10% discount to average P/E of 25x)
Maintain NEUTRAL

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SINGAPORE DAYBOOK : Asiasons, Blumont, LionGold stocks soar. Their prices nearly double after SGX lifts trading curbs.

[SINGAPORE] Share prices of Asiasons Capital, Blumont Group and LionGold Corp almost doubled in yesterday's no-holds-barred trading as the market sought to put a value on the stocks after trading curbs were ended.
Traders The Business Times spoke to said the share prices of the three counters can now be " freely" determined by market forces after the Singapore Exchange (SGX) lifted trading restrictions on the stocks.
Asiasons shares surged 91 per cent, Blumont stock rose 80 per cent and LionGold soared 93 per cent by the close of trading yesterday. They were among the top 10 actively traded stocks in early trade, with higher volumes than their 30-day full-day average. Asiasons, Blumont and LionGold shares finished at 24.5 cents, 24 cents and 29.5 cents respectively.
" The lifting of the trading curbs levels the playing field for these three counters. Investors put off by the trading restrictions previously can now buy into these counters just as they can buy into other counters," said Liu Jinshu, an analyst at Voyage Research.
SGX yesterday allowed the counters to be traded freely without the trading shackles that had banned investors from contra trading and short-selling them since Oct 6.
Traders said the " pent-up" demand for Asiasons, Blumont and LionGold shares will continue to move their prices to an equilibrium level determined by a free market.
" I feel (the increase) can be further sustained because the stocks have taken such a huge bashing. Now the market is trying to do a price discovery on them," said a broker who requested anonymity.
Asiasons, Blumont and LionGold experienced strong run-ups in their stock prices this year, trading at around $2 before they were struck by a downward spiral on Oct 4, prompting SGX to suspend trading in the three counters.
The suspension was lifted the next trading day on Monday but SGX labelled them as designated stocks, in a move aimed at reining in excessive speculation and possible disorderly trading. The stocks traded between 10 and 15 cents.
" The $2 they were trading before the designation was unrealistic the 10 to 15 cent range was also unrealistic because it was due to unusual measures," the broker said.
He believes Asiasons' " true" value could settle in the region of 30 to 40 cents, while LionGold's could lie between 40 and 50 cents as it has a higher book value.
Blumont shares might, however, come under pressure as its recent rights issue was under-subscribed, he said. " Blumont may be the weakest of the three."
(Source: The Business Times)

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SINGAPORE DAYBOOK : Asiasons, Blumont, LionGold stocks soar. Their prices nearly double after SGX lifts trading curbs.

[SINGAPORE] Share prices of Asiasons Capital, Blumont Group and LionGold Corp almost doubled in yesterday's no-holds-barred trading as the market sought to put a value on the stocks after trading curbs were ended.
Traders The Business Times spoke to said the share prices of the three counters can now be " freely" determined by market forces after the Singapore Exchange (SGX) lifted trading restrictions on the stocks.
Asiasons shares surged 91 per cent, Blumont stock rose 80 per cent and LionGold soared 93 per cent by the close of trading yesterday. They were among the top 10 actively traded stocks in early trade, with higher volumes than their 30-day full-day average. Asiasons, Blumont and LionGold shares finished at 24.5 cents, 24 cents and 29.5 cents respectively.
" The lifting of the trading curbs levels the playing field for these three counters. Investors put off by the trading restrictions previously can now buy into these counters just as they can buy into other counters," said Liu Jinshu, an analyst at Voyage Research.
SGX yesterday allowed the counters to be traded freely without the trading shackles that had banned investors from contra trading and short-selling them since Oct 6.
Traders said the " pent-up" demand for Asiasons, Blumont and LionGold shares will continue to move their prices to an equilibrium level determined by a free market.
" I feel (the increase) can be further sustained because the stocks have taken such a huge bashing. Now the market is trying to do a price discovery on them," said a broker who requested anonymity.
Asiasons, Blumont and LionGold experienced strong run-ups in their stock prices this year, trading at around $2 before they were struck by a downward spiral on Oct 4, prompting SGX to suspend trading in the three counters.
The suspension was lifted the next trading day on Monday but SGX labelled them as designated stocks, in a move aimed at reining in excessive speculation and possible disorderly trading. The stocks traded between 10 and 15 cents.
" The $2 they were trading before the designation was unrealistic the 10 to 15 cent range was also unrealistic because it was due to unusual measures," the broker said.
He believes Asiasons' " true" value could settle in the region of 30 to 40 cents, while LionGold's could lie between 40 and 50 cents as it has a higher book value.
Blumont shares might, however, come under pressure as its recent rights issue was under-subscribed, he said. " Blumont may be the weakest of the three."
(Source: The Business Times)

MARKET SCOOP

HPH Trust Q3 profit down 8.4%
SGX to develop commodity products with Shanghai Futures
ValueMax plans to raise S$70.4m in IPO
Indofood plans to keep China Minzhong listed
Singapore inflation seen easing in September
(Source: The Business Times)

NOMURA Securities says ?

OLAM INTERNATIONAL | BUY | TP: S$2.00

The last day of our trip was a ride through the ~USD200mn Special Economic Zone Olam is developing in partnership with government of Gabon (60:40 share)
This is the first SEZ in Gabon, and among the few in West Africa (probably one of the largest)
Spread over 1,200ha of land, phase 1 is developing 440ha, which is divided into commercial (19ha), industrial (240ha) and residential (via government)
In our view, the locational advantage is connectivity through water, land and rail
Besides receiving good tax breaks, other incentives for corporates/industrial houses for being based in Gabon include cheaper infra (power), trade incentives, access to forest land, government departmental access, etc. Industries that have stepped foot range from timber, pharma, retail, banking, etc
Phase 1 infra is 99% complete and a significant portion has already been sold
We believe this SEZ could contribute significant one-time income in the near term, although there is not much clarity yet on recurring income to Olam from this
In our view, this is more of a strategic partnership venture to receive better co-operation from government in other key projects
Key takeaways from the trip - With this, we wrap ~USD3bn worth of capex in Gabon/Nigeria (most of which is yet to be invested)
Key takeaways from the trip include: ? Olam has considerable on-ground expertise in Africa - in terms of local regulations, management bandwidth, asset and infrastructure
access, etc
It seems that Olam has efficiently made the progression from supply chain manager to pan value chain presence
Most of the investments already made are not fully gestating (CFM, rice farms, palm etc) and could contribute significantly over next few years if execution stays strong
There is some material progress on the Fertilizer plant but we think the market should still be waiting for key milestones
The assets which we saw could alone contribute to run rate of ~USD500mn+ EBITDA in next few years, per our estimates
More than anything, this trip provides us with confidence in Olam's execution capabilities and management presence for key processing and upstream assets and that capex could bear returns over a period of time
We stick to our Buy call, as valuations appear reasonable, there are option values in terms of fertilizer/palm and growth vs sector should remain better
The catalysts may yet take time but long term value creation should happen

UOB KAY HIAN says ?

KEPPEL REIT | BUY | TP: S$1.46

Management is currently comfortable with the level of investments into Australia (at 12% of portfolio) and is increasingly looking at opportunities in Singapore, such as the acquisition of the one-third stake in MBFC Tower 3 from parent Keppel Land
Asset sales increasingly likely to support the acquisition of MBFC
The tantalising prospect of the acquisition of MBFC Tower 3 with minimal equity fund raising was discussed
As part of their portfolio reconstitution strategy, management is exploring options including the sale of older assets to fund the acquisition
In our view, a possible scenario for MBFC Tower 3 (~S$1.2b) could include a ~S$500m divestment of an older Singapore office building (Prudential Tower or Bugis Junction Office Tower) and perhaps one or two buildings in Australia (~S$200m-300m), supported by additional debt headroom from year-end revaluation gains for its portfolio
However, management highlighted that timing the asset sales with the acquisition is challenging as DPU could be impacted in the short term if there is a gap between the asset sale and the acquisition
Early refinancing to lock in interest rates
KREIT completed the early refinancing of its debt maturing in 2014 and will not have any refinancing requirements over the next 24 months
Management is also proactively refinancing debt due in 2015, with S$60m of 2015 borrowings already extended
Financing rates achieved are still relatively attractive, with new debt pricing at a 10-20bps discount over the debt which was refinanced
Income support at Ocean Financial Centre (OFC) continues to remain substantial (S$15.2m in 3Q13, down 2% qoq) as committed tenants have not fully moved into OFC and as rental contributions from the retail podium are not significant yet
Also, management highlighted that over the next 1-2 years, rent reviews for key anchor tenants, such as ANZ and BNP, will improve passing rents, as some of these large leases were signed at the height of the great recession in 2008-09
8 Chifley Square, Sydney has managed to achieve 70% pre-commitments upon completion in July, and negotiations are ongoing to fill up the remaining space
Management is confident that committed occupancy would soon reach 95%, although downside risk is protected by a 5-year rental guarantee from the seller, Mirvac
Office leasing demand continues to be resilient supported by smaller financial institutions, legal firms and IT firms
With occupancies essentially full at key buildings, KREIT is in discussions with larger tenants to extend leases prior to expiry

DMG OSK Securities says?

SINGAPORE EXCHANGE | NEUTRAL | TP: S$8.10

SGX had a decent start to the year with 1QFY14 net profit up 24% y-o-y (+5% q-o-q, based on reported net profit) to SGD92m
Average daily turnover (ADT) in the securities market was stable y-o-y but down 16% q-o-q to SGD1.3bn
Meanwhile, derivative volume posted strong y-o-y growth (+36% y-o-y)
Our earnings forecasts and SGD8.10 FV (23x CY14EPS) are unchanged1QFY14 results in line
SGX?s 1QFY14 net profit of SGD92m (+24% yo-y +5% q-o-q) was within our and consensus expectations, accounting for 25% of our and consensus full-year net profit estimates
Higher clearing fee, better derivative volume drive y-o-y profit growth
Y-o-y, while average daily turnover (ADT) in the securities market was broadly stable at SGD1.3bn, securities revenue rose 15%
Average clearing fee increased to 3.2bps from 2.7bps a year ago, as the proportion of capped trades fell to 35% from 46% in 1QFY13, with institutions trading a broader range of stocks and retail participation rising
Turnover velocity, however, was weaker at 47% (1QFY13: 51% 4QFY13: 55%)
Meanwhile, derivatives revenue was up 16% y-o-y as total traded volume jumped 36% y-o-y to 26.4m contracts, led by the FTSE China A50 futures, Nikkei 225 futures and options, and iron ore swaps
Q-o-q, revenue fell 9% reflecting weaker ADT (-16% q-o-q) and derivative volume (-16% q-o-q)
Expenses broadly under control (+6% y-o-y -6% q-o-q)
Management continued to guide for FY14 operating expenses of SGD320m-330m (FY13: SGD300m)
Technology-related capital expenditure is expected be around SGD35m-40m
As expected, SGX declared an interim DPS of 4 cents (1QFY13: 4 cents)
We are forecasting FY14 total DPS of 31 cents (FY13: 28 cents), based on a net payout ratio of 90%
We are maintaining our SGD8.10 FV, which is based on target CY14 P/E of 23x (a 10% discount to average P/E of 25x)
Maintain NEUTRAL

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SMALL IS GOOD: DBS VICKERS

Growth matters
Recent sell down presents window of opportunity for quality small mid caps (SMC)with superior growth & visibility.
...
Near-term winners are potential earnings outperformers this results season.

O& G still has legs to run, thanks to new contracts and strong earnings visibility.

Higher volumes and lower costs are propelling recovery for CPO stocks.

Superior growth. At current levels, valuation discount of SMC (13.6x FY14 PE) to large caps (14.4x FY14 PE) has narrowed from about 40% four years ago to less than 10% now.

It remains to be seen if this valuation gap will eventually flip in favour of small caps, as in the expansionary years of 2007/08 when SMCs traded at 10-20% premiums to large caps (LC). Growth, we believe, will be the key game changer here as the economic expansion underway will draw investors to focus on growth.

Indeed, our universe of SMCs has packed in superior growth of 24% in 2014 vs 12% for LCs. 3Q13 earnings scorers. Despite expectations of an uninspiring Q3, companies poised to report healthy y-o-y and
q-o-q growth also have a good chance of beating forecasts.

Nam Cheong could surprise on the upside with stronger than expected vessel sales YTD. Ezion could also beat forecasts in
extending a very strong margin trend from last quarter. Other
positive earnings report cards can be expected from Goodpack
(stronger synthetic rubber demand), Centurion (higher
dormitory occupancy rate) and Yoma, as indicated in its last
quarter?s outlook statement.

O& G high growth picks. Oil & Gas is among our strongest growing sectors in 2014, thanks to the high oil price environment that supports sustained investments into E& P. Utilisation rates for all offshore rig classes continue to climb. In tandem, day rates have also risen.

Our sector picks are Ezion and Kreuz for support services and Rex for robust upstream activities.

CPO recovery play. Despite lower prospective palm oil prices in the near term, our Plantations analyst expects most planters? 2H13 earnings to show a decent rebound vis-à-vis 1H13 premised on seasonally higher CPO sales volumes and lower unit costs. For SGX-listed small mid cap planters, our analyst expects FY14 earnings for Bumitama and Indofood Agri to rebound 62% and 132% respectively.

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Singapore
* Boardroom (BOARD SP): Has discrepancies in unaudited accounts
* Chasen (CHLD SP): Names Ben Teo Teck Sing as CFO
* Civmec (CVL SP): Boosts order book with S$210m new contracts
* Frasers Centrepoint Trust (FCT SP): FY gross sales S$158.0m
* Hutchison Port (HPHT SP): 3Q profit HK$539m vs HK$589m y/y
* KrisEnergy (KRIS SP): Ca NGU-1 exploration well starts drilling offshore Vietnam
* Midas (MIDAS SP): Gets 168m-yuan, high-speed train contracts
* Petra Foods (PETRA SP): Says out of time to seek any closing price cut on sale of cocoa ingredients buisness to Barry Callebaut
* Sinwa (SKS SP): Names Ng Hsian Pin CFO
* Stratech (STRA SP): Names Grant Carl Bishop COO of Stratech Aerospace
* TTJ (TTJ SP): Gets S$41m of new contracts
* United Envirotech (UENV SP): Gets 105m-yuan contract in China
* Highest short sales as a percentage of turnover yday (mkt cap > S$500m): Hutchison Port Holdings Trust (HPHT SP) (86%), Sound Global (SGL SP) (51%), Golden Agri-Resources (GGR SP) (39%)

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Name	Listing Date	Expiry / Closing Date	Conversion Ratio	Exercise Price	Outstanding Bal
DRAGON GROUP INTL W131209	14 Dec 2010	09 Dec 2013	1.00000	0.12000	896,325,824
DUTY FREE INTL LTD W160106	31 Jan 2011	06 Jan 2016	1.00000	0.35000	123,097,955

Candlez ( Date: 21-Oct-2013 23:37) Posted:

So dragon can still go in tomorrow arh, Bro ace? Resistance at 0.112-0.113 and then 0.116. How about picking a phoenix stock for the ladies to play? Hehe...

ace333 ( Date: 21-Oct-2013 22:33) Posted:

lol............today HH 1 session only..........come back early to scan wats good for tomolo..............lol..............dragon closing still look nice.............huat a

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Lol.......P/L of the subsidiaries will be incorporated into the Holding Co's a/cs.

If it is a 100% wholly own subsidiary, then all will be incorporated into the group accounts.

happyharvest ( Date: 21-Oct-2013 22:28) Posted:

Not getting a certain percentage of the total profit meh?

WanSiTong ( Date: 21-Oct-2013 21:54) Posted:

Your contract is my contract,

My contract is my contract...... Lo

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U.S. Stocks Little Changed on Earnings Before Jobs Data

U.S. stocks were little changed, after the Standard & Poor?s 500 Index rallied to a record, as investors watched corporate earnings to assess the strength of the economy before tomorrow?s employment data.

The S& P 500 added less than 1 point to 1,744.66 at 4 p.m. in New York. The Dow Jones Industrial Average fell 7.45 points, or less than 0.1 percent, to 15,392.20. About 5.7 billion shares changed hands on U.S. exchanges, in line with the three-month average.

?There are certainly some digestions going on as these earnings are being reported,? Jim King, president and chief investment officer who helps oversee about $2.4 billion at Wyomissing, Pennsylvania-based National Penn Investors Trust Co., said by phone. ?What we know is that earnings are continuing to come through pretty strongly and the Fed continues to promote asset growth. Those two things are the drivers of seeing higher stock prices over the next several quarters.?

The S& P 500 had its best weekly gain since July last week as results from Google Inc. topped estimates and speculation grew that the Federal Reserve will delay cutting monetary stimulus. The index has gained 3.8 percent so far in October as Congress agreed on a new federal budget that avoided a default and ended the first partial government shutdown in 17 years.

New Highs

The benchmark measure has advanced 22 percent this year as Fed Chairman Ben S. Bernanke refrained from reducing $85 billion of monthly bond purchases to stimulate the economy.

The Labor Department will tomorrow release the September jobs report, which was delayed from its original Oct. 4 date because of the 16-day partial federal shutdown that ended Oct. 17. The data will probably show employers added 180,000 workers in September, the most since April, after a 169,000 gain in August, according to the median estimate of 93 economists surveyed by Bloomberg.

Money has been flowing in and out of financial markets more rapidly than ever before this year, a bullish signal as the threat of a U.S. sovereign default fades.

Since Sept. 1, about $47 billion has gone to exchange-traded funds that track everything from stocks to bonds to commodities, according to data compiled by Bloomberg. That followed $18 billion pulled in August, $40 billion added in July and $11 billion pulled in June, making it the most volatile period on record for flows. Almost $7 billion went to ETFs on Oct. 17 alone.

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World Markets

North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.26%, while Mexico's IPC was off 0.17%. Shares in U.S. were unchanged with the S& P 500 at 1,744.66.

North and South American Indexes

Index	Country	Change	% Change	Level	Last Update
Dow Jones Industrial Average	United States	-7.45	-0.05%	15,392.20	4:35pm ET
S& P 500 Index	United States	+0.16	+0.01%	1,744.66	4:35pm ET
Brazil Bovespa Stock Index	Brazil	+698.97	+1.26%	56,077.43	6:00pm ET
Canada S& P/TSX 60	Canada	+2.96	+0.39%	757.36	4:20pm ET
Santiago Index IPSA	Chile	+35.95	+1.10%	3,303.46	3:22pm ET
IPC	Mexico	-66.91	-0.17%	40,345.78	6:06pm ET

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Lol.......P/L of the subsidiaries will be incorporated into the Holding Co's a/cs.

WanSiTong ( Date: 21-Oct-2013 21:54) Posted:

Your contract is my contract,

My contract is my contract...... Lol

happyharvest ( Date: 21-Oct-2013 21:49) Posted:

I thought the contracts are mainly won by their subsidiary

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Your contract is my contract,

My contract is my contract...... Lol

happyharvest ( Date: 21-Oct-2013 21:49) Posted:

I thought the contracts are mainly won by their subsidiary?

wait4opp ( Date: 21-Oct-2013 18:40) Posted:

FINALLY Calculated the total sum of contracts won from JAN 2013 till todate.

TOTAL RMB CONTRACTS = RMB 4371.2millions

TOTAL SD CONTRACTS = S$17.3millions

TOTAL EURO CONTRACTS = EURO 22.7millions

天文数字。。。