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11-Feb-2009 16:03

CapitaLand / CapitaLand: Too early to bottom fish

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oinkoink1999 , They said they will announce later on the payment date of dividend. No hurry right since those rights shares also entitled this FY08 dividend.

gregorsamsa, yes, DBS, JPM, ML (aka BoA) are joint-underwriters. Big deal

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11-Feb-2009 15:37

CapitaLand / CapitaLand: Too early to bottom fish

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Do take note on following regarding Dividend:

The rights shares are entitled to all future dividends including the FY08 final DPS of 5.5cts and special DPS of 1.5cts.

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11-Feb-2009 15:22

CapitaLand / CapitaLand: Too early to bottom fish

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DBSV upgrade to BUY, extracted from report below:

From strength to strength
Capitaland’s rights issue has strengthened balance sheet and
financial flexibility. As one of the lowest geared groups in the
region and with strong management track record, it is well
positioned to seize new opportunities in this cycle. With the
additional cash capacity, the group’s gearing level should
remain low at 0.5-0.55x, even after taking into account other
potential funding requirements. We are raising our call to Buy
on removal of equity overhang concerns and further accretion
in value once it redeploys its cash. Our pre-rights TP of $3.51
offers significant upside from here.

Upgrade to Buy. We believe share price should react positively
to the removal of the equity overhang concern. Further upside in
valuation can be derived from its stronger balance sheet and
deployment of cash into new opportunities. Our revised pre-rights
target price of $3.51 ($2.56 post rights) is based on a narrower 50%
discount to pre and post rights RNAV of $7.03 and $5.13
respectively.

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11-Feb-2009 11:22

CapitaLand / CapitaLand: Too early to bottom fish

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You can view capitaland's investor summary of share ownership. on the table you can see who sell down ( those in - )

http://investor.capitaland.com/phoenix.zhtml?c=130462&p=irol-ownershipsummary

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10-Feb-2009 20:34

SIA / A380 A Great Way to Fly

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Feb 10, 2009

SIA Q3 profit down 43%

SIA said it suffered hedging losses of $341 million due to the sharp drop in fuel prices during the quarter. -- PHOTO: AIRBUS

SINGAPORE Airlines (SIA) said on Tuesday its net profit fell an annual 42.8 per cent in the third quarter to December as it carried fewer passengers and cargo due to the global economic downturn.

SIA, one of Asia's major airlines, forecast a bleak outlook for this year, confirming projections by economists that the global economic situation will worsen before improving.

The airline became the latest major carrier to report a big profit fall or losses during the global economic slowdown, which has hurt travel worldwide.

Net profit came in at $337 million, from $590 million, on revenue of $4.16 billion which was down 2.6 per cent year on year, the airline said in a statement.

SIA said it carried 4.8 million passengers in the October to December period, down 4.2 per cent from the same quarter the year before as travel demand took a hit.

It also carried 14.2 per cent less freight during the quarter, mirroring a sharp fall in global trade as economies worldwide reel from the impact of the financial crisis.

'Demand for air transportation is expected to remain weak for much of 2009,' SIA warned. 'The company will continue to monitor the patterns of demand and make appropriate adjustments to flight schedules and capacity while managing costs tightly.'

SIA announced late last month the suspension of some international flights, saying it did not want to fly half-empty planes around the world. Flights to India, South-east Asia, the United States and Europe were among those affected. The airline said it was also reducing its all-business-class service to New York and Los Angeles.

In its statement on Tuesday, SIA said group expenditure rose 5.7 per cent, as gains from declining jet fuel prices were eroded by hedging losses totalling $341 million.

'Foreign exchange rate movements lowered operating profit by $144 million as major revenue generating currencies, particularly the Australian dollar, the UK pound and the euro, weakened against the Singapore dollar, even as the Japanese yen and the US dollar strengthened,' it said.

SIA shares closed four cents higher at $10.44 prior to the announcement.

Airlines in the Asia-Pacific region are cutting routes and taking other measures in a bid to deal with the drastic drop in travellers and cargo, and analysts said some carriers may be forced to slash jobs.

The region was the airline industry's booming market in recent years but its international passenger traffic fell 9.7 per cent in December over the previous year, the sharpest decline in any region, the International Air Transport Association (IATA) has said.

Regional airlines, which account for 45 per cent of global cargo, also registered the steepest fall in freight traffic, with a 26 per cent decline last month, said IATA, the industry's trade organisation.

Japan Airlines, Asia's largest carrier, said this month it expected a net loss of 34 billion yen (S$560 million) in the year to March, scrapping an earlier forecast for a 13-billion-yen annual net profit.

All Nippon Airways (ANA) is now projecting a loss of nine billion yen for the financial year to March 31 instead of a profit.

South Korea's largest airline, Korean Air, this month reported a sharply higher net loss of 659.5 billion won (S$709.9 million) in the fourth quarter. -- AFP

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10-Feb-2009 18:10

Others / Temasek portfolio

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Feb 10, 2009

Temasek portfolio down 31%

By Fiona Chan
		'This is not the first major decline in markets that they have seen, and will certainly not be their last,' said Mrs Lim Hwee Hua. -- ST PHOTO: ALPHONSUS CHERN

SINGAPORE'S state-owned investment companies have not been spared the fallout from the global market downturn.

The net portfolio value of Temasek Holdings fell 31 per cent between March 31 and Nov 30 last year, from $185 billion to $127 billion, Senior Minister of State for Finance Lim Hwee Hua revealed in Parliament on Tuesday.

The Government of Singapore Investment Corporation (GIC) also posted a decline in the value of its investments, but Mrs Lim did not reveal the numbers.

She said, however, that both Temasek and GIC have not done as badly as other market indices.

Temasek's 31 per cent drop in portfolio value was less than the 44 per cent plunge in the MSCI Singapore Index and the 45 per cent decline in the MSCI Asia ex-Japan Index in the same period, Mrs Lim said.

As for GIC, its investments have 'fallen by much less than the decline in global equity markets indices of 42 per cent for 2008'.

Mrs Lim also reiterated that the two companies are long-term investors, and should be evaluated as such.

'This is not the first major decline in markets that they have seen, and will certainly not be their last,' she said.

Despite the booms and busts over the years, Temasek has achieved annualised returns of about 13 per cent over the 20 years to late 2008.

GIC's 20-year average return was 5.8 per cent as at March last year. While this figure will fall for March this year, it 'will not be sharply down', Mrs Lim said.

'GIC and Temasek have the ability and resources to weather the ups and downs, over multiple economic and market cycles,' she added.

'They do not have to sell in panic in a market downturn and are in fact in an advantageous position to invest in good quality assets at prices that are attractive from a long-term perspective during a downturn.

'The Government is confident that they will continue to deliver good long-term returns within the risk limits set.'

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10-Feb-2009 18:07

Neptune Orient L Rg / NOL

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Feb 10, 2009

NOL swings to Q4 loss

SINGAPORE container shipper Neptune Orient Lines swung to a loss in the fourth quarter following a slump in cargo volumes due to the global economic downturn.

NOL, 66 per cent-owned by state investor Temasek , posted $149 million in net loss for the three months ended Dec 31, compared to a net profit of $196 million a year ago.

The firm also said it expects to post a loss for 2009.

'The severity of the collapse in global trade over recent months is without precedent. Since late September 2008, we have seen a constant week-by-week drop in shipment levels across nearly all trade routes,' NOL Group President and Chief Executive Officer Ron Widdows said in a statement.

Last month, NOL, which has cut jobs, said it carried 24 per cent fewer containers in the six weeks to Dec 26 versus a year earlier. Its container volume fell 12 per cent in the four weeks to Nov 14.

NOL warned in November it would report an operating loss in the fourth quarter and has since laid off about 1,000 staff and shifted its US headquarters to Phoenix, Arizona from Oakland, California to cut costs. -- REUTERS

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10-Feb-2009 13:34

CapitaLand / CapitaLand: Too early to bottom fish

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Several Upgrade. One is from OCBC upgrade to BUY . report in link below

http://www.ocbcresearch.com/Article.aspx?type=research&id=20090210100809_65813

Upgrade to BUY. Using CapLand’s end-FY08 book value, our FY09 RNAV is now pegged at S$3.85 per share. In view of the strengthening of CapLand’s balance sheet after the rights issue, we are lowering our discount for development profits and investment properties, from the previous 40% to now 30%. We continue to peg the valuation of CapLand’s listed investment base at their market values, without discount. As such, our fair value of CapLand has been lowered from S$3.27 to S$2.99 (or ex-rights fair value of S$2.42). We are now upgrading CapLand from HOLD to BUY as the stock has already fallen 34% since our downgrade on 5 Jan 2009 and the overhang from the Rights issue is now lifted.

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07-Feb-2009 22:29

SIA / A380 A Great Way to Fly

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from Busimess Times

Published February 7, 2009

UOB-Kay Hian sees SIA reporting $2.1b hedging loss

By VEN SREENIVASAN

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SINGAPORE Airlines (SIA) will report a huge $2.1 billion hedging loss equivalent to a loss per share of $1.70, says a local analyst.

UOB-Kay Hian analyst K Ajith expects SIA's operating profit to decline to $118m in Q3 2009.

K Ajith of UOB-Kay Hian calculates that with jet fuel having slumped from US$119 a barrel in October 2008 to US$54 by year-end, SIA will suffer a hedging loss that will depress its book value from $12.25 a share to $10.55.

The estimate is based on SIA's mark-to-market accounting of its outlay on fuel, which UOB-Kay Hian estimates to be hedged at an average of about US$110 a barrel.

'At present, SIA is trading at 0.9 times P/B. And if it remains at 0.9 times with book value dropped, it should trade at a reduced target price of $9.70,' says UOB-Kay Hian.

SIA, which will report its third-quarter earnings on Feb 10, slid 32 cents to close at $10.74 yesterday.

The impact of the hedging loss is not new - SIA chief executive Chew Choon Seng said at the Q2 results briefing three months ago that fuel was hedged around $115 a barrel. But this is the first time an analyst has worked out the potential loss, albeit that this is a paper loss at present.

Some analysts, such as Vincent Ng of S&P Equity Research, warn against reading too much into paper losses on fuel hedging. 'Hedge accounting generally goes straight to the reserves in the balance sheet, rather than the profit-and-loss account,' he explained. 'Meanwhile, SIA also pays spot prices for half of its fuel needs.'

Also, SIA's hedge contracts go forward some 18 months from the contract date, by which time the actual fuel price could climb back closer to the hedged price.

Nevertheless, few have reason to be upbeat on SIA's immediate prospects - or those of the aviation sector as a whole.

The industry is in a tailspin thanks to the global economic slowdown and the financial meltdown. Passenger and cargo traffic have dived, and combined with excess capacity, this has put pressure on yields.

Analysts expect SIA to have suffered a 10-15 per cent drop in passenger yield in the October-December 2008 quarter due to falling premium seat sales and falls in the key Australian and British currencies against the Sing dollar. Meanwhile, air cargo operations have been racking up losses since the first half of the current financial year, prompting SIA to start grounding planes and to ask pilots to take no-pay leave.

SIA has cut capacity about 3 per cent system-wide over the past two months, including scrapping of several of its relatively recent all-business class non-stop services to New York and Los Angeles.

One of the more upbeat forecasts for SIA is from CIMB's Raymond Yap, who sees a Q3 net profit of $385.6 million, down 35 per cent year-on-year. But Mr Yap expects SIA to post a net profit of only $55.8 million for the January-March quarter, which is traditionally slow.

'If we are correct, SIA could achieve a full-year net profit of $1.253.8 billion, about 10 per cent higher than our official forecast of $1.137 billion, but down almost 40 per cent from a year ago,' he said in a paper yesterday.

UOB-Kay Hian's Mr Ajith expects operating profit to decline to $118 million in Q3 2009. He is forecasting an FY 2009 net profit of $915.3 million, below the consensus estimate of $1.1 billion.

Citigroup Global Markets is also downbeat on SIA and has a medium-term price target of $9. Besides the tough operating environment, contributions from subsidiaries and associates will be under pressure, Citigroup said.

'SIA would be earning an ROE well below its cost of capital, which suggests that its share price could trade below book value during this stage of the economic downturn,' Citi analyst Robert Kong noted this week. 'With earnings and price performance volatile, it is difficult to have a long-run fair value for an airline stock.'

Citi forecasts SIA's FY 2010 return on equity will fall to 6.7 per cent, from 9.6 per cent in FY 2009.

Going forward, the issue for SIA is how it manages capacity and costs amid deteriorating demand, analysts say.

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07-Feb-2009 22:22

JurTech / JurTech

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from business times

Published February 7, 2009

Jurong Tech faced with judicial mgt

By CHEW XIANG

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A CREDITOR has applied to put mainboard-listed Jurong Technologies Industrial Corp under judicial management, the company said yesterday.

Jurong Tech, a troubled contract manufacturer, said it was served court papers by an unnamed creditor yesterday on the proposed appointment of Tam Chee Meng, of Deloitte & Touche, as judicial manager of the company.

Judicial management is when a court appoints a manager to direct the affairs of a company in trouble. Under Section 227A of the Companies Act, this can happen when a company is unable to pay its debts but there is some chance of keeping the business going without having to wind it up.

According to Rule 1303(3) of the SGX listing manual, the Singapore Exchange can suspend trading of shares in a company placed under judicial management. The company will then have to submit and implement resumption proposals, or face delisting. Jurong Tech has been suspended from trading ever since the Chinese New Year weekend and last traded at 2.5 cents.

The company is facing legal demands for repayment of loans from at least six banks claiming in total over $200 million. The company has disclosed unsecured borrowings of $282.3 million due in one year or less as at Sept 30, 2008.

Yesterday, Jurong Tech said that it had written to creditors earlier this month to suggest the immediate appointment of Mr Tam as a special accountant, ahead of his official appointment as judicial manager. Mr Tam has also been nominated as judicial manager for a key subsidiary of the company, pending a court hearing on Feb 20 initiated by DBS Bank, another creditor.

Jurong Tech said that they were taking a 'proactive approach' in inviting Mr Tam before his official appointment. The company has drafted a restructuring plan which it is expected to present to Mr Tam by early next week.

'It would be in the interest of all parties for the company's management to meet up with Mr Tam and provide him with the necessary information and assistance required for an expedited understanding of the group's operations,' said Lin Li Fang, chairman of Jurong Tech in a statement.

Ms Lin added that the company would 'try its best to restore the suppliers' and customers' confidence in the group'.

The company recently issued a profit warning, saying that it was likely to book a material loss for the year ended Dec 31, 2008. It made a $29 million net profit for its last full financial year in 2007, but has been weighed down since Motorola, a key customer, started cutting back orders.

The financial crisis in the last quarter of 2008 compounded its woes as the company found itself unable to refinance or repay its increasingly hefty debt.

OCBC Bank first issued a statutory demand on Jan 9 to get the company to repay some $55 million, or face winding up.

DBS then applied to put Jurong Tech's subsidiary under judicial management. Other banks clamouring for repayment include Belgian outfit KBC, ABN Amro Bank, Sumitomo Mitsui Banking Corporation, and United Overseas Bank.

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07-Feb-2009 16:46

Keppel / keppel Corp

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Announced on 7 Feb : Keppel FELS completes proprietary DSS 51 semi for Transocean

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_ADBFBEA36BEC59BA482575550036F519/$file/PrelDDIIInamingceremonyFINAL2.pdf?openelement

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06-Feb-2009 23:00

Keppel / keppel Corp

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Feb 06 2009

MISCELLANEOUS :: KEPPEL FELS DELIVERS FIFTH ABAN JACKUP DRILLING RIG ON TIME WITHOUT INCIDENTS

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05-Feb-2009 23:18

Trading Techniques / Investment Clock

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i remember reading this from Kilroy .

thought it is good to read again and see what time is this, may be 6-7 o'clock?

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05-Feb-2009 22:56

Others / New STI ETF by DBSAM

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for those who wish to read more , link is

http://www.dbs.com/newsroom/2009/Pages/press090204.aspx

Important Notice
The prospectus dated on 2 February 2009 (the "Prospectus") in respect of the offer of the units (the "Units") in the DBS Singapore STI ETF (the "Fund") will be available and may be obtained at DBS and POSB branches or downloaded from DBS Asset Management Ltd's (“DBSAM” or “the Manager”) website (http://www.dbsam.com) on 12 February 2009.

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05-Feb-2009 22:43

Others / New STI ETF by DBSAM

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Feb 5, 2009

New ETF to be launched

By Yang Huiwen

A MORE affordable exchange traded fund (ETF) tracking the performance of the benchmark Straits Times Index (STI) will be launched later this month.

It will be the second such fund to solely track the STI after the streetTracks Straits Times Index Fund.

The DBS Singapore STI ETF, developed by DBS Asset Management (DBSAM), will be listed on Feb 25. It will be the first in a series of new ETFs planned by DBS.

This ETF trades in a smaller lot size of 100 units compared with streetTrack's 1,000 units, making it more affordable for the retail investor.

The ETF invests in the STI component stocks in proportion to their respective index weights. Investors will get exposure to all the 30 component stocks that make up the main benchmark, generally making it a good diversification tool in a portfolio.

'It is in challenging times like these that investors should focus their attention on the true nature of long-term wealth management,' said Ms Deborah Ho, chief executive of DBSAM, on Thursday.

Ms Ho added that ETFs provide 'low-cost, effective and liquid access to opportunities for compounding growth in investments'.

This ETF will appeal to investors with a medium to long term investment horizon, she said.

These instruments have no sales fee and generally charge management fees of less than one per cent, making it a relatively low-cost investment.

Investors can apply for the shares through any DBS and POSB ATMs from Feb 12 to 18. There will be a $2 subscription fee.

Investors can obtain more information on this new ETF at www.dbsam.com or by calling its hotline on 1800-535-8025.

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05-Feb-2009 17:08

Keppel / keppel Corp

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Sorry wrong

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05-Feb-2009 17:07

Keppel / keppel Corp

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Keppel Corp to supply gas to ExxonMobil Singapore plant

Tue Feb 5, 2008 3:48pm IST

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SINGAPORE, Feb 5 (Reuters) - Singapore conglomerate Keppel Corp (KPLM.SI: Quote, Profile, Research) said on Tuesday that its unit Keppel Energy has entered a natural gas supply contract worth over S$3 billion ($2.12 billion) with ExxonMobil (XOM.N: Quote, Profile, Research). The long term gas supply to ExxonMobil's facilities on the city-state's Jurong Island will start from next year, Keppel Corp said in a statement. (Reporting by Daryl Loo, editing by Neil Chatterjee)

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01-Feb-2009 20:49

Others / Health Insurance

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hello august, in my opinion, go for Greateasten SupremHealth. Its reinburses your medical bills upto the amount charged. Be it intensive care charge, Pre-hospitalisation specialist's counsultation, surgery or post-hospitalisation follow up, with Supremehealth, you may not need to pay any hospitalisation expenses, other than the standard deductible and co-insurance portion as regulated by the MOH.

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28-Jan-2009 10:41

SP Chem / SP Chem

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you may read their announcement posted in sgx website

	Jan 23 2009	MISCELLANEOUS :: PROPOSED VOLUNTARY DELISTING OF SP CHEMICALS LTD.-LEVEL OF ACCEPTANCE OF THE EXIT OFFER
	Jan 23 2009	REQUEST FOR SUSPENSION
	Jan 22 2009	MISCELLANEOUS :: PROPOSED VOLUNTARY DELISTING OF SP CHEMICALS LTD.

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25-Jan-2009 10:07

Keppel / keppel Corp

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hi piggybank: Kepple corp already CD. XD is on 28 Apr 2009

PiggyBank Member	Posted: 23-Jan-2009 10:22 Contact PiggyBank * Quote this Post!
x 0 x 0 * Alert Admin	Hi Senior, I just bought 1 lot of KC at 4.04, two days ago, wanted to keep it like a fix deposit. Good that it has announced dividend, do you know when will they CD and XD.

KEPPEL CORPORATION LIMITED

DIVIDEND

Announced on 2009-01-23


Particulars :	SGD 0.21 ONE-TIER TAX

Ex-date :	28 Apr 2009

Buy-In Last Cum Date :	4 May 2009

Record Date :	30 Apr 2009

Date Paid/Payable :	12 May 2009

Last updated on 01/24/2009 03:00:11 AM

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