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Straits Asia
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thomas_low
Veteran |
26-Feb-2010 11:36
Yells: "Gong Xi Money Made" |
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Haha.. we need Chongwee to stirr things up a bit here...where is CW? Last time during a bull run every word she typed=profit....haha.. now no words=loss. Not vested long time ago. | |||||||||||||||||
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robbieczh
Member |
26-Feb-2010 11:17
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Good trade susan! SA below $2 liao. My target $1.80 take half profit, $1.58 take the rest. 
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nickyng
Supreme |
26-Feb-2010 11:12
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$2 target broken !! hee....wah! this week quite smooth prediction from me siah! next target 1.95 !! HUAT AHH !! :) Arty battery cheered by successful conquer ! :P |
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tanh2l
Veteran |
25-Feb-2010 15:28
Yells: "Outcome is the proof to all brilliant processes." |
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if i remember correctly, few weeks back, nicky and myself have posted target changed to short this, hope u did some readings, some broker house even lowered its tp to 1.50
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nickyng
Supreme |
25-Feb-2010 15:27
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well...i m more consistent with BEARISH SHORT CALL hor ? :P
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bola_no1
Senior |
25-Feb-2010 15:20
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funny, one day people say this will bull. Next day, reports say cut TP. lol | |||||||||||||||||
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nickyng
Supreme |
25-Feb-2010 15:10
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2.04 !!...target at least <$2 or below !! will cont'd my array of Arty firing!!! pls back off !! :P | |||||||||||||||||
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Alligator
Veteran |
25-Feb-2010 10:56
Yells: "learning from past " |
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wow, ocbc dont give face also,,, We downgrade SAR to SELL on (i) the lack of earnings
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nickyng
Supreme |
25-Feb-2010 10:45
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2.06 !!! hee....action started liao !! no $2 no stop! :P | |||||||||||||||||
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nickyng
Supreme |
25-Feb-2010 10:09
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SHORT ahh 2 !!!
*DJ Straits Asia Target Cut To S$1.73 From S$2.49 By OCBC
Dow Jones Newswires | 25 Feb
2010 8:42am
(END) Dow Jones Newswires February 24, 2010 19:43 ET (00:43 GMT) Copyright (c) 2010 Dow Jones & Company, Inc. |
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nickyng
Supreme |
25-Feb-2010 10:06
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Short AHH !! minimum $2 !! hee.... :P DJ MARKET TALK: Straits Asia May Slip; FY09 Below Forecast - GS 0040 GMT [Dow Jones] Straits Asia Resources (AJ1.SG) may slip after FY09 results come in below expectations. Thermal coal mining company reports FY09 net profit +7.3% on-year to US$134 million. But Goldman Sachs says result was 13% below broker's own forecast and 7% below consensus on weaker than expected production volumes. Says, "with disappointing production volumes, we expect the market to react negatively." Broker warns that future production may also disappoint market given less efficient temporary measures to load coal at Jembayan mine after it suffered failure of conveyor and load out facility late last year, potential delays in re-zoned Sebuku mine. Maintains Sell call with S$2.00 price target. Shares closed down 0.9% at S$2.14 yesterday; pre-open quotes show buying interest clustered around S$2.00-S$2.04. (KIG) |
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Cross_Stitch
Member |
24-Feb-2010 20:05
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Today, report already out quite good tomorrow shd surge - I hope (if Dow is up tonite)
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Alligator
Veteran |
24-Feb-2010 20:05
Yells: "learning from past " |
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already announced in sgx website
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wincelee
Member |
24-Feb-2010 19:48
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anyone know when strait asia going to announce the FY09 financial report? | |||||||||||||||||
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maxcty
Master |
22-Feb-2010 20:33
Yells: "always a learning day for me in trading" |
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shall see more action tmr...SAR HUAT HUAT HUAT~~~ | |||||||||||||||||
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street81
Senior |
22-Feb-2010 20:27
Yells: "Learning to love the streets" |
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Good?
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ozone2002
Supreme |
22-Feb-2010 20:16
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Coal Rally on Chinese Demand Sparks $59 Estimates (Update1)
By Mario Parker Feb. 22 (Bloomberg) -- A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter in nine years and China’s record imports increase demand and drain stockpiles. Prices will average $59.28 a ton this year, up 17 percent from $50.75 as of Feb. 19 on the New York Mercantile Exchange and 41 percent more than last year’s low in April, according to the median of 11 analyst estimates in a Bloomberg News survey. Stockpiles at utilities swelled last year after a mild summer and the economic recession reduced power demand. China, the world’s biggest coal user, imported 16.4 million metric tons in December, a sixfold increase from a year earlier, customs data show. Record snowfall buried parts of the U.S., the second-biggest coal consumer, including Dallas and the mid- Atlantic states. The cold weather is reducing a surplus and giving producers Patriot Coal Corp., Consol Energy Inc. and Alpha Natural Resources Inc. power to negotiate higher prices. “We’re definitely bullish for a confluence of factors,” said Jeremy Sussman, senior coal analyst at Brean Murray Carret & Co., a New York-based boutique investment bank. “We can see the light at the end of the tunnel in the U.S. The weather has definitely had an impact. The international market is front and center.” Alpha Shares Consol, the second-biggest U.S. coal company by market value, will jump 18 percent to $59 by the end of this year in New York trading, according to the median of 17 analyst estimates compiled by Bloomberg. Alpha, the third-biggest U.S. coal producer by output, will climb 23 percent to $57.71, analysts forecast. Hedge funds have been buying energy producers, mining companies and airlines, a sign that managers from Louis Bacon to David Tepper are convinced the economy will accelerate. Duquesne Capital Management LLC, led by Stanley Druckenmiller, bought 6.2 percent of coal miner Massey Energy Co., whose earnings are projected to double this year. Massey is the sixth-largest U.S. coal company. The increased U.S. and Chinese consumption prompted Michael Dudas, an analyst at Jefferies & Co. in New York, to raise his 2010 price target for coal to $70 per ton, a figure he originally forecast for 2011. Coal Inventories “The weather and better electricity generation have pushed stockpiles lower than people anticipated,” said Dudas, who has followed coal for a decade. “It’s really just accelerating that price.” Utilities have 57 days worth of coal on hand, down from more than 70 days at the start of winter, according to Genscape Inc., a Louisville, Kentucky-based energy data provider. “The pricing increases are real,” Consol Chief Operating Officer Nicholas Deiuliis said in a telephone interview. “If you look at the pricing increases we’re seeing now in regard to future sales, they have not only floored or held their bottom, they are starting to spike up.” Coal is used to generate electricity and produce steel, making it a barometer for the economy. U.S. steel capacity utilization tumbled to 68 percent as of Feb. 15 from 91 percent in August 2008, according to the American Iron and Steel Institute, as unemployment climbed to 10 percent and consumers reduced spending 3 percent on appliances in December from a year earlier. Prices Slide The U.S. summer from June through August was 7 percent cooler than the same period a year earlier, reducing demand for power to run air conditioners, according to the National Oceanic and Atmospheric Administration. Prices plunged 66 percent to $48.15 per ton at the end of 2009 from a record $143 on July 1, 2008, the steepest decline in at least eight years, according to data compiled by Bloomberg. The 17 percent gain forecast by analysts would be the largest since 2007. Utilities amassed a record 207 million tons as demand for coal to generate electricity dropped 12 percent through Sept. 30, according to the most recent U.S. Energy Department data. Consumption for 2009 was projected to be below 1 billion tons for the first time since 1995. The government will release final figures in March. Producers cut back output as demand slumped and that’s having an impact even as demand rises. U.S. coal production will slump about 2.8 percent this year just as exports increase 5.6 percent, the Energy Department said Feb. 10. Record Snowfall The 2009-2010 winter season, which began Dec. 1, is the coldest since the 2000-2001 season and ranks in the coldest third of winters in the past 115 years, according to Jeff Masters, director of meteorology for Weather Underground Inc., a private forecaster based in Ann Arbor, Michigan. The federal government shut down for four days this month after Washington was hit with a storm that set a seasonal snow total of 54.9 inches, shattering a 110-year-old record. For St. Louis-based Patriot, Pittsburgh-based Consol and Alpha, based in Abingdon, Virginia, the frigid conditions are providing relief. “The cold weather is the best thing they can get right now that’s not a full economic recovery,” said Daniel Scott, an analyst at Dahlman Rose & Co. in New York. “People are no longer scared to talk about thermal coal.” Interest Rates The risk to forecasts for higher coal prices is a glut of natural gas in the U.S. and prospects for the economy to stumble as the Federal Reserve boosts interest rates for the first time since June 2006. The Fed last week raised the discount rate charged to banks for direct loans by a quarter point to 0.75 percent to encourage banks to borrow in private markets. “If the economy tanks again, that changes the outlook,” according to James Rollyson, senior coal analyst at Raymond James Financial Inc. in Houston. “The economy and particularly this year natural gas prices are the variables. Coal lost market share to natural gas because we averaged $4 gas for the year.” The U.S. relies on coal for about half of its power generation, compared with about 20 percent for gas. Gas has to stay above $5 per million British thermal units to prevent it from being more attractive to utilities at the expense of coal. Natural gas for March delivery fell 12.8 cents, or 2.5 percent, to $5.044 per million Btu on Feb. 19. Rollyson estimates that through November coal lost about 40 million tons worth of demand to gas. Chinese Imports China’s National Energy Administration said Jan. 25 that a coal shortage will persist through March. The country has maintained the record import pace set in December because of the country’s coldest winter in at least 50 years, according to Sutthichai Kumworachai, an analyst with KGI Group in Bangkok. The country’s gross domestic product expanded 10.7 percent last quarter from a year earlier, the fastest pace since 2007, after the government introduced a $586 billion stimulus package that spurred energy consumption. China’s appetite for coal led to imports from South Africa, diverting supplies from Europe and creating an opportunity for eastern U.S. coal companies such as Alpha Natural Resources, Consol and Patriot to increase sales across the Atlantic Ocean, Brean Murray Carret’s Sussman said. This year Consol has sold almost 500,000 tons of coal into Asian markets, a 23 percent increase from the 400,000 tons that it shipped to the region for the first time last year, Dan Zajdel, a company spokesman said. As more companies follow, the exports will squeeze U.S. utilities, said Pearce Hammond, an analyst at Simmons & Co. International in Houston. Lower Temperatures “That’s essentially robbing utilities of coal,” Hammond said. “They don’t need it right now, but in the future they will.” From the mid-Atlantic to the Southeast through the Gulf Coast into Texas, temperatures are averaging 4 degrees to 8 degrees below normal, said Tom Kines, a senior expert meteorologist with AccuWeather.com in State College, Pennsylvania. “That is pretty significant,” he said. The cold is having an impact as measured by heating-degree- day values, which have been trending higher along the East Coast and across the South, according to the National Weather Service. The value is calculated by subtracting the average daily temperature from a base of 65 degrees and is designed to show energy demand. This month, New York’s heating-degree-day value is 572, or 36 greater than normal, according to the National Weather Service. Coal prices will get a larger boost if the U.S. economy can sustain its recovery, Alpha Chief Executive Officer Kevin Crutchfield said in an interview. The world’s largest economy will grow 3 percent this year and next, according to the median estimate of 62 economists surveyed by Bloomberg News. “That would be the best thing in the quiver, a bona-fide economic recovery, especially on the industrial side,” Crutchfield said. “If you see any type of economic stimulus and economic recovery at all, that would hasten the recovery even faster.” |
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maxcty
Master |
22-Feb-2010 17:54
Yells: "always a learning day for me in trading" |
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let see tmr then... | |||||||||||||||||
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susan66
Master |
22-Feb-2010 15:02
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Today up a bit, short again at 2.14 because seems difficult to move up. Hope I'm right. | |||||||||||||||||
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maxcty
Master |
22-Feb-2010 01:18
Yells: "always a learning day for me in trading" |
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x 0
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$1.50..wow..seem like very hard to hit leh...
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