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GOOD SHARES IS WORTH WAITING
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gho485
Senior |
30-Sep-2007 20:52
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Anyone keen to share some informations pertaining to this counter? Its price has drop from .94 to .86 intraday low. Any thoughts from the Si Fu? looking at vesting. Please share your valuable thoughts.... |
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ygc91285
Member |
27-Sep-2007 21:02
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Wanted to cheong this stock today...but the price move in opposite way while STI hit history high. Think have to wait for tomorrow and see how...make sure not being stucked in this stock |
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RQJP68
Member |
27-Sep-2007 16:29
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My broker said got no bad news, just certain fund manager unloading |
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moneymaking
Member |
27-Sep-2007 14:39
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Looks strange to me. STI setting new high yet this counter drop. This co is in the right industry and good chance to benefit from Jurong island development... BB playing game ? |
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francisd
Veteran |
27-Sep-2007 13:38
Yells: "BUY LOW SELL HIGH" |
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I am also wondering the same totoro. Not vested, but looking now to go in at this price. |
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totoro
Member |
27-Sep-2007 13:22
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Anyone know why Hiap Seng is dropping like a hot potato today? |
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Gallen
Senior |
26-Sep-2007 17:16
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[B]Will this be the trigger for Refinery Plays tomorrow??? :D :D [/B] =DJ INTERVIEW: Singapore Aims To Move Further Up Petchem Chain (2007/09/26 16:46PM) -------------------------------------------------------------------------------- By Seng Li Peng Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Singapore is further sprucing up its infrastructure and will even expand Jurong Island to attract investors to continue growing its chemical manufacturing base, particularly for olefins, high-end petrochemicals and specialty chemicals as it aims to move away from low-end products. "We are trying to differentiate ourselves and move beyond competing with the Middle East and China. We want to compete with the more established countries like Japan and Germany, and ''the Houstons'' of the world," Julian Ho, executive director for energy, chemicals and engineering services at Singapore''s Economic Development Board, told Dow Jones Newswires in an interview. But why olefins? "We need to have a critical mass of these (olefins) for companies to add value downstream," Ho said. Olefins - made up predominantly of ethylene, followed by propylene, butadiene and a host of other carbon and hydrocarbon molecules - are the core feedstock required for plastics, textiles, coatings, paints and a string of products, be it at the low or high end of the chain. By 2011, Singapore''s olefins capacity will nearly double to 4 million metric tons a year from the current 2.1 million tons when Royal Dutch Shell PLC (RDSA) and Exxon Mobil Corp. (XOM) each start up new naphtha crackers in 2010 and 2011 respectively. The target is to raise the country''s total olefins capacity to 6 million to 8 million tons a year, but no timeframe has been set. The additional olefins can come from new crackers or from methanol-to-olefins conversion, said Ho. But Singapore is unlikely to have any MTO projects before 2011. "We envision that if there''s an MTO plant in Singapore, it will come after 2011 at the earliest," he said. Reinforcing Its Infrastructure To keep investors interested in Singapore, the government has already mapped out how else it can beef up its infrastructure besides building the Jurong Rock Cavern, a 1.47 million-cubic-meter underground storage facility to hold crude and oil products. Work is currently underway to upgrade Jurong Island''s checkpoints to ensure faster traffic flow, where departure lanes will be reversed into arrival lanes during the early morning peak hours. The upgrading is expected to end in mid-2008. Additionally, two new security towers would be built to enhance security checks. All in all, S$1 billion (around US$666.5 million) has been set aside to reinforce its infrastructure within five years. A separate amount of money will be allocated to expand Jurong Island to 3,200 hectares from 3,000 hectares currently through land reclamation, but an actual time frame has yet to be set. So far, its efforts have already borne fruit, with 20 more chemical and non-chemical projects waiting to come on line on the island, which is currently home to around 90 manufacturing plants. The upcoming projects, which will produce high-end petrochemical products using advanced technologies, include those of the U.K.''s Lucite International, Japan''s Mitsui Chemicals Inc. (4183.TO) and Shell. Lucite International will roll out is patented Alpha technology for the first time ever, after having developed it over the last 12 years. This technology will enable Lucite to use readily available feedstocks such as ethylene as opposed to the more expensive acetone. The process will be adopted at its US$150 million 120,000-ton-a-year methyl methacrylate plant slated to come on stream in the second quarter of next year. Methyl methacrylate is used in digital devices and liquid crystal displays, as well as plastic and coatings. According to Ho, besides infrastructure, protection of intellectual property is also a key reason Lucite decided to introduce its technology in Singapore rather than in China, where it already has a methyl methacrylate plant. For the same reasons, Shell is also implementing its Omega technology at its upcoming 750,000 ton-a-year monoethylene glycol plant in Singapore, scheduled for commercial operation in 2009-2010. The technology will allow Shell to achieve a higher monoethylene glycol yield compared with other methods. Applications of monoethylene glycol include coolants and packaging material production. Meanwhile, Mitsui Elastomers Singapore Pte. Ltd., a unit of Mitsui Chemicals, is doubling the capacity of its patented Tafmer alpha-olefin copolymer in Singapore by building a US$165.8 million 100,000 ton-a-year plant. Construction will begin in March next year, and the facility is expected to begin operating in August 2009. Mitsui''s Tafmer is a flexible and light resin modifier used to improve impact resistance for molding materials such as automobile bumpers. It can also be applied to the midsoles of athletic shoes. These are but a few of the high-end manufacturing projects on the list, and Singapore wants more ''first-of-its-kind'' or advanced technologies to be introduced into the country. -By Seng Li Peng, Dow Jones Newswires; 65-6415-4067; [email]li-peng.seng@dowjones.com[/email] |
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Gallen
Senior |
26-Sep-2007 16:28
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Refinery and oil & gas infrastructure plays taking a break today, but interest may rotate to them very soon especially with jurong island contracts on the way. Hiap Seng is another laggard relative to Rotary. Tested support at short term EMAs and upward trending parabolic is tightening providing another level of support. Hiap Seng is trading at a steep 20% discount off its pre-correction levels while Rotary is a mere 0.5% off its pre-correction levels. Time to play catch up! :approve: Next laggard after ASL Marine, dun miss it! |
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yipyip
Master |
19-Sep-2007 07:40
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Today will go up...up...UP! TP 1.20 Stocks Soar After Fed's Bigger-Than-Expected Half-Point Cut in Interest Rates Dow +335.97 +2.51% Nasdaq +70.00 +2.71% S&P 500 +43.13 +2.92% |
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yipyip
Master |
17-Sep-2007 22:42
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Worth to buy now 0.915~0.94? New TP 1.20 from Phillip Securities Research (13 Sep07) Previous close :S$0.900 Fair value :S$1.200 Initiate at fair value estimate of S$1.20. Our fair value estimate of S$1.20 implies a 33.33% potential upside. Our positive view is based on the management?s consistent efforts in the business and the Group?s exposure to the booming offshore and marine industry. Consistent revenue growth. Since FY2005, the Group?s revenue has been growing on an average of 62.97%. In view of the bullish oil and gas industry, the Group?s past track record and strong order book of approximately S$220 million, we are anticipating similar growth in FY2008 and FY2009. Bullish oil outlook. Oil prices have reached a six (6) year high (from 2001-2006), between the ranges of US$60-70 per barrel and prices continued to rise above US$70 per barrel in 2007. According to the Energy Information Administration (EIA), rising oil prices equate to higher margins and differentials. Hiap Seng serving the direct players in the industry like Exxon Mobil should be the next beneficiary in line............ |
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skyrunner
Member |
21-Aug-2007 05:11
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finally figured it out, the fund managers were trading on this one. |
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skyrunner
Member |
08-Aug-2007 18:13
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i understand that, I also heard that if you buy 1000 lots, you actually pay 1001 lots going by the huge volume. not in the league yet. It's not the broking fees I'm puzzled about, it's why would someone do something like this in the open market? Did you check out the time and sales. really wierd. Never seen anything like this. The buyer sends up 1000 plus lots twice and 800 lots once that's about 3000 lots! 3000000 shares = 2.5 million? and the seller delivers one second later. Is something cooking? and going by the reaction to this exchange, a lot of people actually start buying up. Even my friends who are brokers cannot explain this. can anyone enlighten? |
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sohguanh
Veteran |
08-Aug-2007 15:20
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i tink if it is a BB the brokerage fees is not wat we retail investor pay brokerage fees of 0.28% or minimum $25. their brokerage fees are discounted more i tink. |
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skyrunner
Member |
08-Aug-2007 15:03
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Something is definitely funny with this counter. Did anyone see the 2 transactions of over 1000 lots change hands in less than a second? A buy queue of 1000 plus lots at .88 and .90 respectively was set up and transaction done for these lots in a second. Really wondering why someone would do something like this. The broker really tan ka siao just for commission. Really don't see the logic in this. Is something brewing? Can someone kindly explain? |
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skyrunner
Member |
08-Aug-2007 09:47
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no dividend will be paid out if you buy on Aug 6. anyway, it's worth it now to buy the share in now at .86. It's share placements are at a higher price than the price it is now, plus it has potential to go up because of the Singapore Parallel Train and the gas exploration in China. Share placements are normally placed out by a company to raise money for expansion or takeover, let's stay tuned! :) |
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wishbone23
Member |
05-Aug-2007 18:31
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Hi.. Can I check if I will get dividend for YE 31 Mar 07 if I buy the stock on Monday, 6 August? Not sure if I shld look at ex-date, buy-in last cum date or record date. Thnks.. |
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moneymaking
Member |
01-Aug-2007 22:22
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Major shareholders place out 15 mil share at 0.96 on 12 Jun 07. Another placement of 31 mil share at 1.04 on 1 Aug 07. This accounts for around 15% share of the company. Next placement ? How much ? |
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moneymaking
Member |
31-Jul-2007 23:45
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Now share price is close to what Creidt Agricole paid for. Accumulate if you still positive with S'pore market. This counter is in the right industry. Potential contract from Jurong Island development.
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mikeleong
Member |
19-Jun-2007 19:35
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_428493D18E4A5170482572FE000F8A35/$file/CAAM140607.pdf?openelement Looks like this one is no turning point liao...Credit Agricole Asset Mgmt up its stakes...more movement coming liao if it keeps collecting Hiap Seng shares .... Cheong ah!!!!!!! |
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