Latest Posts By WanSiTong
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| 16-Sep-2013 16:16 |
Citicode
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AdvSCT 'alive' again!!
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| 16-Sep-2013 16:10 |
CapitaMalls Asia
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First Day trading open at $2.30
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| 16-Sep-2013 12:53 |
Sin Heng Mach
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SIN HENG...the next MYMMMAR rush
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Phillip Capital Research recommended a trading buy on Sin Heng Investment Action: Fundamentals Sin Heng is at better relative valuations compared to peers, but yet have had better capital management, better execution and is positioned for growth. It?s undiluted T12M PE of 7.2x is under the peers average of 9.8x while having considerably less leverage (have bullets to expand). It?s EV/EBIT (T12M) shows even better performance at 6.3 vs peer average of 9.9.... Taking the most conservative of methods written in the report - Undiluted T12M PE vs second best peer of 9.1x implies a target price of 0.27 SGD, which is justified because of their outperformance and competitive business model. Technical price action suggests a 2 month consolidation between 20 and 22 cents. A breakout from 22 cents implies further upside. Any sort or normalization to historical EV or PE values is justifiable for it?s better relative valuation than its peers and implies at least a 20% gain to 26 cents which could trigger the breakout.
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| 16-Sep-2013 12:10 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Money Mind, 9 Minutes ago Investors look to risk after Summers leaves Fed chair contest: Reuters Investors took the withdrawal on Sunday of former Treasury Secretary Larry Summers as a candidate to head the U.S. Federal Reserve as a green light for risk, betting the bank's next chief would extend an era of easy money that has flooded global markets with cash. Markets viewed Summers' move as leaving Fed number two Janet Yellen, a well-known advocate of looser monetary policy to support the U.S. recovery, the favorite to succeed the current chairman, Ben Bernanke. Still, Yellen's nomination remains uncertain, leaving open the possibility that markets would react differently should one of several other possible nominees be chosen. U.S. stock index futures and Treasury futures rallied as a result of the news, and investors and analysts said those gains will likely extend further into the Monday session. " My first thought was that the markets will rally on this," said Scott Frew, managing partner and owner of Rockingham Capital Advisors in Hartford, Connecticut. " There's certainly a perception that Yellen is more dovish than Summers." The Fed has taken extraordinary steps to try to buoy the world's largest economy both during and after the financial crisis. Currently the bank is buying $85 billion per month in Treasuries and mortgage-backed securities, its quantitative easing program. That wave of easy money has helped take U.S. stocks to record highs and yields on U.S. government debt to record lows. On a total return basis, the S& P 500 stock index is up 20 percent so far this year - its best return since 2009, when stocks began recovering from their swoon during the financial crisis in which they lost more than half their value. The Fed's efforts to keep interest rates low have sent investors scurrying for yield. High-yield debt - known as junk bonds because of their low ratings - has sold steadily, with the Merrill Lynch US High Yield Master II Index surging about 126 percent from 2009 through 2013. Globally, investors have borrowed in dollars to invest in higher-yielding markets abroad, the so-called carry trade. MSCI's 45-country world index is up about 12 percent so far this year. But the view that the Fed could withdraw its stimulus soon has rocked global markets, taking benchmark U.S. Treasuries yields to above 3 percent recently, a more than two-year high - underscoring how the U.S. central bank's every move affects investors big and small all over the world. A spike in rates is worrisome because U.S. government debt is used as a benchmark around the world for everything from obscure derivatives contracts to mortgage rates. If, in fact, yields rise too high, some economists fret the U.S. recovery could be derailed. Mortgage applications in the latest week fell, as 30-year mortgage rates matched a year-high of 4.8 percent - well over 100 basis points from earlier in the year. Yellen has been a forceful advocate of the aggressive steps taken under Bernanke to spur U.S. economic growth, earning her a reputation as a policy " dove" who would tolerate a bit more inflation to drive down unemployment that she deemed too high. Analysts said a Yellen nomination would boost markets because of that sense of continuing Bernanke's approach. " I expect not only a rally in stocks but also a decrease in yields, as the Fed remains in the same path Bernanke set" under a Yellen nomination, said Michael Yoshikami, CEO and Founder at Destination Wealth Management in Walnut Creek, California. Markets had already been leaning back into riskier assets such as stocks on a raft of strong U.S. economic data and eased worries about a military strike on Syria. Investors in funds based in the United States poured $12.8 billion into stock funds in the latest week, according to data from Thomson Reuters' Lipper service. But Yellen's nomination - and her perceived dovishness - are hardly guaranteed, with other options such as Donald Kohn, Roger Ferguson or Timothy Geithner - who has said he does not want the job - possibly in the mix. " The Obama administration has shown little, if any, enthusiasm for Yellen, however, so we're not convinced she will necessarily get the nod," noted Paul Ashworth, chief U.S. economist at Capital Economics in Toronto. The Federal Open Market Committee meets on Sept. 17 and 18 and will discuss whether to slow the bank's asset purchase program. |
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| 16-Sep-2013 11:53 |
Elite KSB
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Elite KSB
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| 16-Sep-2013 11:41 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Money Mind Singapore STI Rises 1.4% After Summers Quits Fed Race: Dow Jones
Singapore shares rise to their highest levels in nearly a month, advancing alongside its Asian peers after Lawrence Summers says he is pulling out of the contest to succeed Ben Bernanke as Federal Reserve chairman, ahead of the closely watched Federal Open Market Committee meeting this week. The STI jumps 1.4% to 3164.43, amid what OCBC describes as " more positive but modest cues from Wall Street on Friday and morning gains by Nikkei and Kospi, especially on the back of news of Summer's withdrawal from the Fed chairman race," a development that boosts equities as " Summers is perceived as more hawkish" compared to Janet Yellen, a leading contender for the post.... About 1.01 billion shares worth S$487.6 million change hands, with gainers beating decliners 263 to 68. All but one of the STI's 30 components are higher, with gainers led by Jardine Cycle & Carriage's (C07.SG) 4% rise to S$35.71. Noble Group (N21.SG) pushes 3.3% higher to S$0.935, while CapitaLand-linked (C31.SG) stocks also do well. CapitaLand is up 1.6% at S$3.13, while its shopping-mall arm CapitaMalls Asia (JS8.SG) adds 2.6% to S$1.975. CapitaMall Trust (C38U.SG) meanwhile gains 2.1% to S$1.93. |
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| 16-Sep-2013 11:34 |
COSCO SHP SG
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CoscoCorp
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Cosco Corp (COS SP, F83) ? Unattractive valuations and earnings prospects (SELL/Target: S$0.70)....... UOBKH While we are positive on shipyards, we maintain SELL on Cosco after another quarter of disappointing earnings. Earnings visibility remains low despite good contract wins. Margins are vulnerable to cost increases. Ytd, the group has won new contracts worth US$1.4b. Management is guiding full-year contract wins of US$2b. As a state-owned shipyard, Cosco will benefit from the supportive policies of the government. However, we believe this has been priced into its rich valuation. We have a target price of S$0.70 based on a P/B of 1.2x. Technically, the stock has rebounded from S$0.66 and is likely to be resisted near S$0.83 in the near term.
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| 16-Sep-2013 10:31 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Dollar Sinks as Asian Stocks Rise on Summers Crude SlipsBy Emma O?Brien & Nikolaj Gammeltoft - Sep 16, 2013 8:57 AM GMT+0800
The dollar weakened against all its major peers while Asian stocks and U.S. Treasury and index futures climbed as Lawrence Summers withdrew from the Federal Reserve chairman race. Crude oil fell after the U.S. and Russia agreed on a plan to eliminate Syria?s chemical weapons. The greenback slumped against all 14 of its 16 main counterparts currently trading, losing 1 percent against the Australian dollar by 9:53 a.m. in Tokyo. Ten-year Treasury futures rose 0.9 percent and Australian bond yields dropped as much as 15 basis points. Standard & Poor?s 500 Index (SPX) futures jumped 1.1 percent and the MSCI Asia Pacific Excluding Japan Index gained 0.6 percent with Japanese markets closed. West Texas Intermediate crude sank a second day. Base metals gained. U.S. quarter dollar coins move down a conveyor belt after being pressed at the U.S. Mint in Philadelphia, Pennsylvania. Photographer: Scott Eells/Bloomberg Sept. 16 (Bloomberg) -- Richard Jerram, chief economist at Bank of Singapore Ltd., talks about the outlook for Asia's financial markets and economies, and the prospects for Federal Reserve chairmanship after the withdrawal of Lawrence Summers. He speaks with Zeb Eckert on Bloomberg Television's " First Up." (Source: Bloomberg) Sept. 16 (Bloomberg) -- Chris Rupkey, chief financial economist for Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, talks about Former Treasury Secretary Lawrence Summers's decision to withdraw his name from consideration to be chairman of the Federal Reserve, possible replacements and the implications for the markets. He speaks with Zeb Eckert on Bloomberg Television's " First Up." (Source: Bloomberg) Summers, a former Treasury Secretary, would tighten Fed policy more than Janet Yellen, who was his main rival to replace Chairman Ben S. Bernanke, according to a Bloomberg Global Poll last week. The Fed is expected to trim Treasury purchases by $10 billion a month at its meeting this week, another survey of economists showed. The U.S. is seeking support from its allies for a deal to confiscate Syria?s chemical arsenal. ?The market prefers Dr Yellen, she would be the smoothest continuation of existing policy,? Phil Orlando, a New York-based chief equity strategist at Federated Investors Inc., which manages about $380 billion in assets, said by phone. ?We know they will probably initiate the taper at the next Federal Open Market Committee and that they will start with about $10 billion. Therefore the passing of the baton is important.? Dollar SlumpsThe yen gained a fourth trading day versus the U.S. currency, climbing 0.5 percent to 99.90 per dollar, set for the strongest close this month. The euro added 0.5 percent to $1.3366. The Australian dollar jumped to 93.40 U.S. cents, while the New Zealand currency rose 0.9 percent to 82.02 cents, poised to close at the strongest price since May 15. The dollar also weakened against emerging-market currencies, losing 1.3 percent to Malaysia?s ringgit, the most since May 6, and dropping 0.5 percent versus South Korea?s won. The dollar slumped 0.4 percent against the Thai baht. U.S. President Barack Obama said in a statement that while he accepted Summers? withdrawal he will continue to seek his ?guidance and counsel in the future.? Treasuries fell before rebounding to close at 2.89 percent Sept. 13 after Nikkei reported Summers would be named Fed chairman. Australian government bonds due in a decade climbed, pushing yields down nine basis points, or 0.09 percentage point, to 3.996 percent, while similar-maturity New Zealand bond yields fell two basis points to 4.799 percent. Futures on 10-year Treasuries rose the most since Aug. 2. Short-End Bonds?Markets were priced for the likelihood of a Summers nomination, primarily for the notion that he might raise interest rates sooner than perhaps other candidates, including Janet Yellen,? Tony Crescenzi, a portfolio manager and strategist at Newport Beach, California-based Pacific Investment Management Co., which runs the world?s biggest bond fund, said in an e-mail. ?This news should result in outperformance of shorter maturities? before the Fed Open Market Committee meeting Sept. 17-18. Yellen, the current Fed vice chairman, may be viewed by markets as a shoo-in for the top job at the Fed after Summers pulled out, National Australia Bank Ltd.?s economics team wrote in a note today. Donald Kohn, a former Fed vice chairman, is also on Obama?s candidate list, the president has said. Equity ?Positive?The S& P/ASX 200 Index (AS51) jumped 0.7 percent in Sydney, after halting a five-day advance to drop 0.4 percent Sept. 13. The Kospi Index rallied 1 percent in Seoul, while Japanese markets were closed for Respect-for-the-Aged Day. The broader MSCI Asia Pacific Index rose 0.6 percent. ?It?s quite positive for equities,? George Boubouras, Melbourne-based chief investment officer at Equity Trustees Ltd., where he helps oversee about $28 billion, said by phone. ?It puts Yellen back on the cards as the favorite. She?s more aligned to retaining accommodative policy and is seen as not being as brash as Summers might have been.? Wholesale-price inflation in India probably quickened 5.70 percent in August, from 5.79 percent in July, according to the median estimate in a Bloomberg survey before data due today. The Bloomberg China-US Equity Index of the most-traded Chinese stocks in New York climbed 0.4 percent Sept. 13, capping a 2.2 percent advance in the week. |
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| 16-Sep-2013 10:23 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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NEWS HEADLINES
- US stock markets are pricing in a decision by the Federal Reserve to start scaling back its bond purchase when it concludes a two-day policy meeting Wed. The consensus view among economists is a reduction in Fed?s monthly bond purchase starting in September of US$15b per month. - Former Treasury Secretary Lawrence Summers has withdrawn his name from consideration to be chairman of the Federal Reserve.... - Datapulse Technology announced a proposed capital reduction exercise involving a cash distribution of S$0.035 each share. - CSC Holdings awarded foundation contract for Changi Airport?s Terminal 4, providing expertise to construct foundations for airport terminal, building terminal, ancillary buildings and infrastructure. - Singapore Kitchen revenue soared 42.5% to S$7.8m in 1H 2013. - UOL Group says Amedeo Patrick Imbardelli has resigned as president/director and CEO of Pan Pacific Hotels Group to pursue other career opportunities. - Freight Links reported 1Q 2013 net income S$3.6m vs S$6.6m a year earlier. |
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| 16-Sep-2013 10:21 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Market Recap
US equities posted gains for the second straight week as concerns over Syria subsided. However, investors remained a little cautious ahead of next week?s FOMC meeting. Intel (+3.6%) led gains for the Dow, which gained 3% for the week. The consumer staples sector was the best performer for the S& P 500, and the index tallied a 2% weekly gain. Rounding off the major indices, the NASDAQ Composite gained 1.7% for the week. Composite volume on the NYSE was a tad low at 2.7b.... WTI Crude for Oct lost 39 cents, or 0.4%, to end at US$108.21/barrel while Oct Brent shed 15 cents, or 0.1%, to settle at US$112.78/barrel. For the week, WTI and Brent both fell 2.1% and 2.9% respectively. Gold for Dec delivery lost US$22, or 1.7%, to end at US$1,308.60/ounce while Dec Silver fell 43 cents, or 1.9%, to end at US$21.72/ounce. For the week, gold and silver declined by 5.6% and 9.1% respectively. Implications for Singapore The more than 1% jump by the US index futures could help boost local sentiments this morning. As a recap, the STI continued to consolidate just below the 3130 near term support-turned-resistance, following a flat close in the last trading session. But with today?s tone likely to improve significantly, we could possibly see the index testing this upper boundary again. And should this obstacle be conquered, the index will likely head to the 3180 support-turned-resistance next. On the downside, we still see 3070 as the immediate resistance-turned-support, with the next base lying at the 3000 key psychological support. |
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| 16-Sep-2013 09:56 |
Datapulse Tech
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DATAPULSE paying $0.055 or 24% yield for FY13
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LIM & TAN ON DATAPULSE
Daily Review, 16 September 2013 Page 2 of 3 SGX-ST Member, SGX-DT (CNCM) Having reviewed the company?s capital structure,... Datapulse is proposing to return shareholders 3.5 cents a share or $20.8mln in cash to improve its capital structure. At the same time, the company?s Chairman Ng Khim Guan will be stepping down to give the board more flexibility to consider composition and progressive renewal. The company will also be paying 2 cents final dividend (consisting of 1 cent final and 1 cent special). With the company?s strong net cash position of $45mln, even after the above payments, it would still have sufficient cash to sustain its ongoing operation. DATAPULSE TECH S$0.235-DT SP While the 5.5 cents dividend and capital payout will sustain or even see the stock moving upwards in the near term to retest its 2009 high of 27 cents, management warned that the operating environment has become increasingly challenging due to increased competitive pressures, shrinking demand due to declining customer base and substitute modes of content distribution. The company?s new investments into blue-ray production technology is expected to impact their near term performance due to fall in demand from their existing business while the blue-ray media storage products and services will only ramp up slowly. After the payout of the 5.5 cents dividend and capital reduction, the company?s NTA will be reduced to only 6.64 cents. The right strategy will be to ?Take Profit? before it goes ex-the 5.5 cents dividend and special capital payout given its weak business prospects and high price to NTA. |
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| 16-Sep-2013 09:15 |
Vard
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Vard Holdings
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The wave will be stronger ! lol.........
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| 16-Sep-2013 09:06 |
Datapulse Tech
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DATAPULSE paying $0.055 or 24% yield for FY13
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CR : 3.5c NAV (Before CR) : 12.14c NAV (After CR) : 8.64c Any known factors or events that may affect the group in the next reporting period and the next 12 months: Operating environment in the media storage industry has become increasingly challenging. The Group faces challenges in the form of competition from global players, shrinking demand for physical media due to increased use of other substitute modes of content distribution and declining customer base. In addition, the uncertain global economy would be affecting corporations and consumers in their spending on products and services such as software and games. The Group has begun to make investments into new Blu-Ray production technology towards the end of FY2013. FY2014 will mark the start of the Group?s transition into Blu-Ray production. During this transition period, demand for the Group existing media storage products and services is expected to fall while initial demand for Blu-Ray media storage products and services will be slow during FY2014. As a result, the performance of the Group is expected to be adversely affected for FY2014. To tackle these challenges, the Group will focus on providing total solutions to its customers through wider suites of products and services. At the same time, the Group will keep a close tab on the technological and business developments within the media storage industry. |
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| 14-Sep-2013 22:40 |
Enviro-Hub
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PROPOSED PLACEMENT OF 41,000,000 NEW ORDINARY SHAR
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Now I recall why I did not buy back this counter is becos after reading this court case posted by someone in SJ in early part of Sept. http://tmhub.asianconnect.com/legal/ln2/comm/HTML/Subordinate/51635.htm Hmm..... This is important :
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| 14-Sep-2013 21:47 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Don't tell me Samson and Ruanlai are the same person ! Lol..........
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| 14-Sep-2013 21:37 |
Enviro-Hub
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PROPOSED PLACEMENT OF 41,000,000 NEW ORDINARY SHAR
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In fact I bought this counter in early part of Jun @ 0. 095 and managed to unload @ 0.138 on one day it cheong (opening matching). Although not sold at that day high of 0.14+ Now zero position. Too bad didn't manage to buy back any so fast . Recent low is 0.081. Last Fri closed at 0.093
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| 14-Sep-2013 21:14 |
Others
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Thought of the Moment
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Hua Mu Lan ?
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| 14-Sep-2013 21:09 |
Accrelist
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We hldgs
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I was just only joking! In fact a lot of Cos with px less than 1c and not making any profit are also classified as trustee stock.
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| 14-Sep-2013 16:00 |
Others
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Thought of the Moment
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| 14-Sep-2013 15:55 |
Others
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Thought of the Moment
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Isolator is M or F hah?
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