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E-war
Veteran |
12-Jun-2010 02:13
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440b euro owed by banks to be returned by 1 July. Is that correct bro? | ||||
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KEahzq
Senior |
11-Jun-2010 09:50
Yells: "Trading requires Patience and Discipline" |
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CWT: CIMB upgrades CWT to Outperform & keeps target price at $1.03. While slower global economic recovery may dull earnings prospects of its freight forwarding business, growth in warehousing operations may mitigate impact as the latter is typically stable through downturns. With warehousing capacity expansion on track, contract logistics will continue to provide a safety net to earnings. Acquisitions of logistics companies dealing in soft commodities are potential share price catalysts. |
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KEahzq
Senior |
10-Jun-2010 09:54
Yells: "Trading requires Patience and Discipline" |
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Wilmar Int'l: Indon unit of Wilmar, PT Wilmar Nabati disclosed that the country's tax office has started a probe into 12 subsidiaries on its 2007-2008 tax report. The investigation started about 3 weeks ago. According to the tax office, Wilmar managed to get 2007 and 2008 tax refunds worth about Rp2.6tr ($397m). Wilmar has strenuously denied the tax allegations but if the charges were substantiated, the penalty would have a material impact on Wilmar's earnings. Under Indonesian tax law, the Tax Directorate can impose a penalty of up to 4x times the outstanding amount. Immediate resistance at 20-day MA at $5.80. |
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KEahzq
Senior |
09-Jun-2010 16:05
Yells: "Trading requires Patience and Discipline" |
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Parkway: Fortis Healthcare is raising a total of Rs31.3bn or $941m via a Rs27.5bn issue of new shares and a Rs3.8bn share placement of 22.35m shares at Rs170 apiece to GIC. The proceeds will help bolster its warchest should the healthcare group decide to counter-bid for Parkway Holdings, which is currently the subject of a $3.78 a share partial takeover by M’sian sovereign wealth fund Khazanah, which will take its stake uo to 51.4% from 24.1%. Fortis currently holds a 23.9% stake in Parkway. |
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KEahzq
Senior |
09-Jun-2010 15:31
Yells: "Trading requires Patience and Discipline" |
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Market: Strength in China bourses rubbing off on local shares, lifting STI +0.5% at 2762 vs 2742 at midday, with most components higher. Still, index expected to end below 2800 as underlying momentum remains weak. Market breadth almost neutral vs 2 decliners for every gainer at end of morning session. But participation remains low with under 700m shares changing hands. Top blue-chip gainers include Olam +2.0%, StarHub +1.8%, F&N +1.5%, Wilmar +1.4% SingTel +1.4% |
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KEahzq
Senior |
09-Jun-2010 15:30
Yells: "Trading requires Patience and Discipline" |
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China's passenger vehicle sales grew 23.2% in May, its slowest pace in 13 months but declined 5.9% from April, the 3rd time it contracted this year. A total of 1m vehicles were sold in May versus 1.31m in January as the sluggish stock and property markets negatively impacted sales. China's biggest automaker SAIC Group has cut the country's 2010 sales forecast to 15.5m units representing 12.6% growth. Industry analysts have previously predicted China;s auto sales to grow 20-25% this year, buoyed by the 2009 boom, which saw sales surge 46% to 13.6m units, making China the world's biggest automobile market. This comes at a time when China's automakers are aggressively expanding capacity by 5m units, bringing domestic auto production close to 20m units this year, exceeding expected sales of 15-17m units. |
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KEahzq
Senior |
09-Jun-2010 15:29
Yells: "Trading requires Patience and Discipline" |
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Energy: China will invite public bidding for more offshore wind power projects in the next 5 years to reach an installed offshore wind-power capacity of 5GW by 2015 and 30GW by 2020, according to China's Hydropower Planning Research Institute. Following the 1st batch of 4 wind power projects in Jiangsu with a combined capacity of 1GW, more projects could soon be rolled out in Zhejiang, Fujian provinces and Shanghai. China's wind power industry has seen over 100% annual growth in the past 4 years and is helping China meet its target of deriving 15% of its energy needs from renewable sources by 2020. Currently, it the world's 2nd largest wind farm operator with an installed wind power capacity of 25GW. A local name to watch out for in this space is Renewable Energy Asia. |
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KEahzq
Senior |
09-Jun-2010 15:28
Yells: "Trading requires Patience and Discipline" |
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Shipping/Bulkers: Chinese steelmakers are likely to cut production in 3Q because of weak demand from auto, home appliance & property sectors. Steel prices have fallen 10% from April peaks and iron ore prices arriving at Chinese ports have dropped 21% to US$147.50 a ton. Lower iron ore consumption will lead to softer bulk charter rates and hurt shippers like STX Pan Ocean, Cosco Corp, Pacific Basin, Thoresen, Sino-Trans Shipping |
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KEahzq
Senior |
09-Jun-2010 14:18
Yells: "Trading requires Patience and Discipline" |
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Offshore & Marine: More bad news for the O&M sector - Norway will not issue new permits for deepwater drilling in new areas until it gathers more information about the cause of the oil spill in the Gulf of Mexico. The world’s 6th largest crude oil exporter was previously targeting to offer blocks for oil exploration in the next licensing program in frontier areas by summer with production licenses likely awarded in the spring of 2011. |
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KEahzq
Senior |
09-Jun-2010 11:48
Yells: "Trading requires Patience and Discipline" |
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Raffles Education sinks 6.8% to new low of $0.275 since Mar 09 on strong volume of 47m shares, extending yesterday's 3.3% fall, as sale by substantial shareholder prompts other investors to dump shares. Sentiment already edgy following decision by HK-based private equity group AIF Capital not to take 10% stake in the company's Oriental University City. Latest disclosure of Janus Capital Mgm cutting its stake in REC to 5.95% from 6.01% fuelled selling pressure. |
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KEahzq
Senior |
09-Jun-2010 10:17
Yells: "Trading requires Patience and Discipline" |
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O&M: Cimb maintain Outperform on KepCorp with lower target price of $10.30 from $12.00 on lower ratings. Downgrade SembMarine from Outperform to Neutral; target price lowered from $5.44 to $4.22. Maintain Outperform on Sembcorp Industries but lower target price from $5.58 to $4.71. Maintain Underperform on Cosco Corp with lower target price of $1.24 from $1.41. Downgrade Yangzijiang from Outperform to Neutral; target price lowered from $2.07 to $1.38. |
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KEahzq
Senior |
09-Jun-2010 10:16
Yells: "Trading requires Patience and Discipline" |
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OCBC Technicals: for short term below are the levels i'm looking at. Key levels Resistance 2: $9.05 Resistance 1: $8.65 Support 1: $8.05 Support 2: $7.50 Kim Eng's target is $9.73, which I think is too high, will put it at around $9.00, which is at the historical mean valuation.
UE Technicals: Resistance 2: $2.38 Resistance 1: $2.29 Support 1: $2.15 Support 2: $2.05 For UE, hardly anyone covers this conglomerate but trading at steep discount to $3.51 book value Hope this helps. Cheers.
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KEahzq
Senior |
08-Jun-2010 10:47
Yells: "Trading requires Patience and Discipline" |
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Sembcorp Inds: Daiwa cuts SCI TP to $4.58 from $4.80 to factor in reduced market value for 62% owned SembMarine. Still keeps Outperform rating pointing to a valuation arbitrage opportunity for investors to long SCI and short SembMarine. Cites outcome of Petrobras rig tender due later this month as key catalyst; if SembMarine bags a contract, this could be a positive catalyst for SCI; if SembMarine does not win, SCI will outperform in pair-trade vs SembMarine. SCI flat at $3.99, SMM +5¢to $3.73 |
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des_khor
Supreme |
08-Jun-2010 10:28
Yells: "Tell me who is the God or MFT from this forum??" |
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What is the TP and support level ? thks !
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KEahzq
Senior |
08-Jun-2010 10:19
Yells: "Trading requires Patience and Discipline" |
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Noble Group took a 5.13% stake in USEC, a US-listed uranium enrichment company for US$30.2m. USEC has the only uranium enrichment facility in the US and is a leading supplier of low-enriched uranium fuel for nuclear power plants with over 50% of US market and more than 28% of the global enrichment market. The enrichment industry accounts for 31% or US$7.8bn of the US$25bn worldwide nuclear fuel business. Globally, there are currently 438 nuclear reactors in operation with 56 under construction and another 490 planned or proposed. While there may be minimal earnings impact from this investment (+1-2% to Noble’s FY11/12 earnings), Noble’s product range across the energy segment will now span beyond coal, oil and gas to include nuclear footprint and prospects for growth are good with IAEA is projecting a 27% rise in nuclear capacity by 2030. I like the stock for its pro-active mgmt and undemanding valuation of 11.8x FY10 P/E. TP pegged at $2.38. |
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KEahzq
Senior |
08-Jun-2010 10:16
Yells: "Trading requires Patience and Discipline" |
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Otto Marine announced that its 81.6%-owned Reflect Geophysical (note that the shareholding stake was recently raised from 74.2% for a consideration of S$1.5m) has been awarded a contract worth a minimum of US$8.0m to perform a 3D Seismic Data Acquisition in Block D4 Offshore Gabon (Gulf of New Guinea). Under the agreement, Geokinetics Inc (GOK UA) will engage Reflect to carry out shallow water streamer acquisition survey for the block operator, ENI Oil Holdings BV. |
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KEahzq
Senior |
08-Jun-2010 10:14
Yells: "Trading requires Patience and Discipline" |
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Raffles Education: AIF Capital, one of the largest Asian-based private equity funds, has abandoned the proposed RMB 350m acquisition of 10% of Raffles’ subsidiary, Oriental University City (OUC). Despite trading at a 52-wk low of $0.305, upside could be limited, in view of the lost opportunity to monetize its assets, and inability to gain the support of a potentially strong institutional investor/ partner. |
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KEahzq
Senior |
08-Jun-2010 10:13
Yells: "Trading requires Patience and Discipline" |
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SIA Engineering Changi Airport was reported to be putting out the third ground handling licence tender in the next few months. It was also reported that SIE is interested in bidding for the licence and has engaged in talks with Changi Airport Group over the new licence. I assume SIE will not offer inflight meals catering as suitable space within the airport grounds to locate an additional inflight catering center will be hard to come by. Therefore even if SIE clinches the license, the impact on both itself and SATS will be minimal as it will take time for customer contracts to unwind and without inflight catering, the cornerstone of SATS’ ground handling services, only its marginal customers may hop over. |
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KEahzq
Senior |
08-Jun-2010 10:11
Yells: "Trading requires Patience and Discipline" |
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OCBC/UE: . OCBC has awarded a contract to related company UE to redevelop its hotel cum shopping mall at the former Specialist Shopping Centre/Hotel Phoenix site along busy Somerset Rd and Orchard Road. The project will be developed by UE and is slated to be completed by 2013 at a cost of about $550m. When completed, the entire project will be sold to OCBC. The engrg & construction segment contributes about 45% and 14% to UE’s revenue and operating profits respectively. UE is currently trading at attractive forward P/E of 6.2x and P/B of 0.64x backed by divd yield of 4.9% |
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KEahzq
Senior |
07-Jun-2010 16:03
Yells: "Trading requires Patience and Discipline" |
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KepCorp: BoA-ML re-initiates KepCorp as Buy with $10.70 target price. Expects group to benefit from growing eco global trend, noting it is building modern offshore rigs with newer safety & environmentally-friendly features, providing waste treatment solutions, building Sino-Singapore Tianjin Eco-City in China. Argues that while investors concerned about fallout from recent oil spill in Gulf of Mexico, incident could help kick-start long-awaited replacement cycle for aging rigs, which bode well. |
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