Latest Posts By samson
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| 25-Jun-2013 22:17 |
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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LIM & TAN Other than the haze controversies facing the regional plantation sector with the likes of Golden Agri Resources, Wilmar International and First Resources, the U.S Department of Agriculture forecasted that crude palm oil (CPO) inventories are expected to jump 21% to a record 9.5 million metric tons in 2013-2014. This highlights our concerns that the outlook for CPO prices could be capped amid ample CPO supply over the medium term, even as Malaysian CPO inventory levels have been declining since earlier this year. http://www.remisiers.org/cms_images/research/Jun24-Jun28_2013/2506_LT.pdf |
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| 24-Jun-2013 23:15 |
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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CIMB ASEAN: Plantations - The planters’ links to the haze The Indonesian Environment Ministry has started investigating plantation companies that it suspects have contributed to the haze by burning their land. This is negative for the planters involved as it will hurt their corporate image. Also, planters who are involved in starting forest fires may face legal action. If the haze situation worsens and lasts for a period of time, palm oil supplies may be crippled as harvesting and pollination activities at the estates may be affected. This may result in lower palm oil supplies and higher prices in the medium term. We maintain our Neutral rating. Our top picks are First Resources, IOI Corp and Wilmar. http://www.remisiers.org/cms_images/research/Jun24-Jun28_2013/2406_CIMB_SG_Daybreak.pdf Phillip Securities WILMAR INTERNATIONAL LTD Nicholas Ong Accumulate 3.70 13.8% |
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| 24-Jun-2013 23:11 |
COSCO SHP SG
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Shooting Star
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LIM & TAN Cosco Singapore’s unit has won contracts from a Singapore entity for the conversion of two semicompleted hulls to high-end floating accommodation units (“FAUs”) worth approximately US$170 million each. The contract for the first unit is already effective, whilst the second unit contract would be rendered effective in six months’ times. This would bring its year-to-date (YTD) order book to approximately US$690 million, which is way behind management guidance of US$2 billion for the full financial year. http://www.remisiers.org/cms_images/research/Jun24-Jun28_2013/2406_LT.pdf |
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| 23-Jun-2013 13:31 |
COSCO SHP SG
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Shooting Star
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New Build DP3 AccommodationSemi-Submersible Vessel ¡°Neptuno¡± Owner: COTEMAR S.A de c.v., Mexico Dimension: 95 x 67 x 35.7 m Displacement: 33,300 mt VDL: 5,500 mt Deck Area: 1,500 m2 Accommodation: 750 men Class: DNV Basic Design: Ocean500, GustoMSC Detail Design: Cosco Mooring Type: Stacking Mooring System Telescopic Gangway: 38.5 m, +/- 8m Deck Crane: 150mt x 1, 60mt x 1 
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| 18-Jun-2013 22:59 |
Midas
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Midas
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DBS Group Research . Equity Singapore Market Focus Small Mid Caps Midas (Buy, TP: S$0.60). Midas is poised for a turnaround in 2H13 as the group’s orderbook has now grown to above Rmb700m from just Rmb400m in Jan. Recent order wins have come from 1) metro contracts in China, 2) overseas orders including Europe and Singapore, as well as 3) non-rail projects. Having scooped up substantial orders in these segments, the next significant catalyst for Midas is to win high speed railway contracts, the timing of which remains uncertain although it is expected that high-speed rail equipment orders will be handed soon post China’s leadership transition. Meanwhile, Mida’s 32.5% owned JV company Nanjing Puzhen (NPRT) has recently won a Rmb1.26bn contract to supply 198 train cars to Shenzhen Metro Line 3 Project, for delivery between 2015 and 2016. This follows a recent Rmb1.1bn win announced on 5 June for delivery in 2014-16. We estimate that these wins would push NPRT's order book to c. Rmb10.7bn, which should lead to strong earnings for the JV from this year onwards. http://www.remisiers.org/cms_images/research/Jun17-Jun21_2013/sg-smcstrategy-dbsv_170613.pdf |
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| 17-Jun-2013 22:05 |
Midas
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Midas
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DBS Small mid Caps (SMCs) can continue to outperform supported by stronger growth and lower valuations. We believe the selloff in SREITs is overdone. As values emerge, we pick SREITs with identifiable and achievable our top pick in the O& G services sector for its proven execution track record while Midas (TP: S$0.60) is poised for earnings recovery backed by its growing order book. http://www.remisiers.org/cms_images/research/Jun17-Jun21_2013/1706_DBS_WiredDaily.pdf |
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| 05-Oct-2011 15:39 |
Seatrium
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Sembmarine
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European stock markets All go up British FTSE 100 5068.68 +124.24 +2.51% 15:02 British Financial Times Index 5345.73 +129.02 +2.47% 15:03 The German DAX 30 stock index 1295.81 +28.04 +2.21% 15:19 Russia's MICEX index 2931.60 +81.05 +2.84% 15:03 France CAC40 index 5529.34 +84.79 +1.56% 15:03 Switzerland Stock Index 14495.10 +251.13 +1.76% 15:03 FTSE Italy MIB Index Madrid, Spain Composite Index 273.77 +3.53 +1.31% 15:13 Stockholm, Sweden index 5106.65 +86.11 +1.72% 15:12 Norway OSEAX index 379.96 +6.49 +1.74% 15:09 Ireland index 275.52 +5.46 +2.02% 15:03 Dutch AEX index 8403.90 +178.50 +2.17% 15:03 Spain's IBEX index 2141.44 +50.35 +2.41% 15:03 |
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| 05-Oct-2011 15:35 |
Genting Sing
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GenSp starts to move up again
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European stock markets ALL UP
5068.68
+124.24
+2.51%
15:02
+129.02
+2.47%
15:03
5345.73
The German DAX 30 stock index
+28.04
+2.21%
15:19
1295.81
Russia's MICEX index
+81.05
+2.84%
15:03
2931.60
France CAC40 index
+84.79
+1.56%
15:03
5529.34
Switzerland Stock Index
+251.13
+1.76%
15:03
14495.10
FTSE Italy MIB Index
-12.56
-1.49%
10/04
830.26
Madrid, Spain Composite Index
+3.53
+1.31%
15:13
273.77
Stockholm, Sweden index
+86.11
+1.72%
15:12
5106.65
Denmark OMXPHI Index
0.00
0.00%
13:00
373.47
Norway OSEAX index
-88.16
-3.50%
10/04
2430.12
Ireland index
+5.46
+2.02%
15:03
275.52
Dutch AEX index
+178.50
+2.17%
15:03
8403.90
Spain's IBEX index
+50.35
+2.41%
15:03
2141.44
British FTSE 100 |
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| 05-Oct-2011 15:12 |
Seatrium
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Sembmarine
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News: European shares sharply higher open on Wednesday, the UK FTSE 100 up 2.4%Sina Finance YORK October 5 pm news, Beijing time 15:00, the British FTSE 100 index rose 2.4 percent to 5063.79 points German DAX 30 rose 2.4 percent to 5346.89 points France's CAC 40 rose 2.1%, News 2911.88 points. European stocks overall benchmark Stoxx 600 index rose 1.6 percent to 220.98 points. |
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| 05-Oct-2011 15:06 |
Genting Sing
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GenSp starts to move up again
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stocks rebounded COMING |
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| 05-Oct-2011 14:58 |
Genting Sing
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GenSp starts to move up again
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Morgan Stanley executives: global crisis will not recur in 2008Sina Finance YORK afternoon of October 5, according to foreign reports, Morgan Stanley Asia Chairman Stephen - Roach (Stephen Roach) said on Tuesday that Europe might have fallen into a mild recession in the United States may also fall into the same predicament, But the current global economic turmoil can not reach the severity of the crisis in 2008.
He believes that the euro zone out of the woods road is clear that Europe needs a financial alliance. This will require a 17 euro-zone member states work together, transferring part of their sovereignty, and acknowledge that: there is no cohesive financial alliance, the monetary union will be doomed to fail and to collapse.
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| 05-Oct-2011 14:57 |
Seatrium
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Sembmarine
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Morgan Stanley executives: global crisis will not recur in 2008Sina Finance YORK afternoon of October 5, according to foreign reports, Morgan Stanley Asia Chairman Stephen - Roach (Stephen Roach) said on Tuesday that Europe might have fallen into a mild recession in the United States may also fall into the same predicament, But the current global economic turmoil can not reach the severity of the crisis in 2008.
He believes that the euro zone out of the woods road is clear that Europe needs a financial alliance. This will require a 17 euro-zone member states work together, transferring part of their sovereignty, and acknowledge that: there is no cohesive financial alliance, the monetary union will be doomed to fail and to collapse.
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| 16-Jun-2011 09:22 |
COSCO SHP SG
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CoscoCorp
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nOW cOSC $1.74 CAN BUY ? |
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| 07-Jun-2011 10:22 |
COSCO SHP SG
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CoscoCorp
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Market up ? cosco up ? |
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| 01-Jun-2011 12:01 |
COSCO SHP SG
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CoscoCorp
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Cosco Singn New Project Contract ? |
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| 31-May-2011 17:11 |
COSCO SHP SG
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CoscoCorp
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COSCO CORPORATION (SINGAPORE) LIMITED (Company Registration No. 196100159G) DELIVERY OF VESSEL The Board of Directors of COSCO Corporation (Singapore) Limited (the " Company" ) wishes to announce that COSCO (Dalian) Shipyard Co., Ltd (“COSCO Dalian”), a subsidiary of the Company's 51% owned subsidiary COSCO Shipyard Group Co, Ltd, has delivered a bulk carrier of 80,000 dwt, " SHER-E PUNJAB " , to its Asian buyer. The delivery documents were signed by and between COSCO Dalian and the buyer on 27 May 2011. The bulk carrier measures 229 meters in LOA (length of all), 32.26 meters in breadth and 20.25 meters in depth. By Order of the Board Jiang Li Jun Vice Chairman and President 31 May 2011 |
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| 31-May-2011 16:52 |
COSCO SHP SG
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CoscoCorp
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kimeng 31 May 2011 Cosco Corp (COS SP) – US$1b Sevan order gets confirmed Previous day closing price: $1.93 Recommendation – BUY (upgraded) Target price – $2.43 (maintained) Cosco has confirmed that the LOIs with Sevan Drilling for two EPC drilling rigs, signed in March 2011 and worth US$1.05b, have been formalised. The company has also completed the US$114m agreement with ATP Corporation for the construction of the Octabuoy Topside Module. The share price has pulled back significantly since we downgraded the stock to HOLD early this month on weaker-than-expected results and some negative news. With the pullback, the resulting 26% upside to our target price of $2.43 justifies a BUY call on the stock. Forecasts are unchanged as these contract confirmations are still within our assumptions. rohan@kimeng.com |
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| 31-May-2011 12:15 |
COSCO SHP SG
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CoscoCorp
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DBS Group Research . Equity 31 May 2011 BUY S$1.93 STI : 3,140.60 Price Target : 12-month S$ 2.86 Reason for Report : Major contract wins Potential Catalyst: Offshore contract wins, earnings execution Orders flowing through • Share price overreacted to newsflow on Cosco Group and Sevan Marine Maintain BUY and S$2.86 TP. • Cosco clarifies there is no impact from Sevan Marine’s financial distress. • The effectiveness of Cosco’s biggest contract worth US$1.05bn from Sevan should be neutral to positive for Cosco. • Secured US$114m topside module contract for Octabuoy, raising YTD wins to US$1.8bn or 72% of our assumption. Concerns were overblown. Cosco’s share price seems to have overreacted to newsflow over the past one week on Cosco Group’s immaterial disciplinary violations and Sevan Marine’s financial difficulties. In spite of yesterday’s positive announcements of sizeable contract wins and management’s clarification on Sevan mid-day, share price closed 1 Scent lower. In our view, the current price level offers a good entry point into Cosco ahead of more contract wins and as the jitters subside. Sevan’s payments on schedule. Cosco clarified that all of the existing Sevan-related rigbuiling contracts are with Sevan Drilling and not with the parent company - Sevan Marine. In addition, Cosco has reassured investors that payments to-date from Sevan Drilling have all been made in accordance with payment schedules. YTD wins amount to US$1.8bn. Following the finalisation of Sevan’s US$1.05bn worth of contracts and the award of a US$114m order for Octabuoy topside module from ATP, Cosco’s YTD wins have been lifted substantially to US$1.8bn, forming 72% of our assumption. The finalisation of the single largest offshore contract from Sevan should be positive to Cosco as it raises its profile in the global offshore stage. However, we acknowledge that Sevan Drilling’s weak balance sheet and short operating track record are key concerns to be monitored. |
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| 30-May-2011 13:47 |
COSCO SHP SG
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CoscoCorp
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COSCO MORE PROJECT COMING IN JUNE 2011. Too Many Goods News coming . TP 3.16 Since very month Also had news contract cominging. REPORTS RELATING TO SEVAN MARINE ASA _________________________________________________________________________ The board of directors (the “Board”) of COSCO Corporation (Singapore) Limited (the “Company”) refers to recent reports relating to Sevan Marine ASA. The Board wishes to clarify that all the 4 vessel building contracts entered into by the Company’s subsidiaries with the Sevan group have all been entered into with subsidiaries of Sevan Drilling ASA (a subsidiary of Sevan Marine ASA and which the Board understands is separately listed in Oslo) and not with Sevan Marine ASA. The Board further wishes to state that the payments from the Sevan Drilling group of companies in connection with the contracts stated above have, to-date, all been made in accordance with the payment schedules applicable to the respective contracts. By Order of the Board Jiang Li Jun Vice-Chairman and President 30 May 2011 ====================================================== TWO (2) CONTRACTS FOR SEVAN 650 DRILLING UNITS BECOMES EFFECTIVE _________________________________________________________________________ The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Qidong) Offshore Co., Ltd (“COSCO Qidong”), a subsidiary of the Company’s 51% owned subsidiary COSCO Shipyard Group Co Ltd, has pursuant to a letter of intent dated 24 March 2011, in respect of 2 turn-key EPC (Engineering, Procurement and Construction) contracts (the “EPC Contracts”) entered into and made effective formal agreements with Sevan Drilling Rig V Pte Ltd and Sevan Drilling Rig VI Pte Ltd. COSCO Qidong will undertake to perform EPC and installation for delivery of (2) two drilling units based on the Sevan design (Sevan 650). The contract price for each drilling unit is approximately USD525 million. Deliveries of the drilling units under the EPC contracts are expected to take place in the fourth quarter of 2013 and the second quarter of 2014, respectively. None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the above transactions. The above transactions are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31st December 2011. By Order of the Board Jiang Li Jun Vice-Chairman and President 30 May 2011
USD 114 MILLION CONTRACT FOR OCTABUOY TOPSIDE MODULE BECOMES EFFECTIVE _________________________________________________________________________ The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Nantong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary COSCO Shipyard Group Co., Ltd, has entered into and made effective formal agreement (valued at USD114 million) with ATP Oil & Gas (UK) Limited, a subsidiary of ATP Corporation, for the construction of “Octabuoy Topside Module” –Octabuoy Phase 2. The first phase of Octabuoy(hull) is scheduled for delivery by end 2011. Engineering work for Octabuoy Topside Module has commenced at COSCO Nantong Shipyard since April 2008. Octabuoy Topside Module is scheduled for delivery in the third quarter of 2013. None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the above transaction. The above transaction is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31st December 2011. By Order of the Board Jiang Li Jun Vice-Chairman and President 30 May 2011
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| 30-May-2011 11:34 |
COSCO SHP SG
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CoscoCorp
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Good News coming ? |
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