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fruitty
Senior |
31-May-2010 16:12
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Hi Keahzq, I'm keeping a lookout :) Highly possible that Keppel Corp will also give out dividends in Aug as it did for the past years. |
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KEahzq
Senior |
31-May-2010 15:45
Yells: "Trading requires Patience and Discipline" |
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No problem... Interested in buying it, maybe you can buy on dips...
They give out this K-Green trust shares in terms of dividends.
Cheers.
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fruitty
Senior |
31-May-2010 15:31
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Thanks Keahzq, I was looking at here: http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_all-in-one_info/!ut/p/c5/pZBJkqpAAAVPZFQx4xIQQYaSqRDYEEBpNcgoKMrpvxf40YuOt8zIRT6Qge_64lXTYqmHvmhBAjIx5x2sY2HPQfnoHSFraZIjYA8aPvvl6X85DJm_2Ib4i30BCeTzsJFH97Mkzqa9ombzIWpcxt0qBpU-nPcHj8QBVhXV_hyzGFggo-1QfssuJDs4h-G06nqcB0Exa6tlcCemVeYoRFNirFNh1UQ_au-b_nZ2SWpuK3tfP2RXVud3G97TwdYgbM5o0MKBs_Go0-lK2nnludvdFyVUsHuBezyJ8HKJnOh5_ehIs63rxc8mDcYF7XfGT42fodgqbokQw5hWHQ-2QvcF5XK3Sf1OHNWISQ8zpjLMF5mzr495elLVt2PBCepgaby0cqeq1IXmrcpcUfUZpfVP9fw8o7sa5NZoCkpHr1LvZAsxeWMLcCWs-BYPRADIHLorSEEm5ZqhmLzkfI8_IQmyKDIY7OnMmYNg7DB-dfLpH6siFAU!/dl3/d3/L0lDU0lKSkthWUEhIS9JTlNBQ0lpTXdxSkFCQUpvb0dBIS80QzFiOVdfTnJ4UUMvN19DR0FINDdMMDBHSU43MDJOVEcxVVBFMU8zMC8xMzY1Njc1NTg0Njg!/ |
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KEahzq
Senior |
31-May-2010 15:15
Yells: "Trading requires Patience and Discipline" |
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Full Year Result
Z-Obee announced FY10 results (YEMar) last Thursday with net profits of US$5.2m +33% y/y (EPS S 1.41c). Greatest improvement came from the Assembly division, which reported a doubling of sales from US$20.4m to US$41m. Disclosure of details in the financial accounts are scant but there are some indications that bulk of the performance may have been underpinned by the 3G mobile phone manufacturing business that Z-Obee entered in 2009. While Z-Obee’s published sales figs of 3G mobile phones in China are miniscule, the 3G mobile phone market growth potential is strong. Based on studies, China’s 3G phone market is anticipated to leap from 5.3m units in 2009 to 40m units this year. Z-Obee did not release 3G phone sales volume in this update. Z-Obee’s brisk volumes and price action today could be due to the prospect of the mobile phone business in China. In May, Z-Obee entered into a co-operation agreement with Shenzhen Jinzunzhe Technology Limited (SJTL) to provide 200,000 units of CDMA phones to one telecom operator in China over the next 2 years. This relationship may be an important beachhead for Z-Obee to penetrate China where I estimate its market share to be under 0.3%. Separate to this, Z-Obee also acquired a 15% stake in Yoho King (Malaysian based private entity) in May, a company which deals in the manufacturing of netbooks, computer chips, and communication devices. Aside from the cross-selling, Yoho King is also seeking a listing on KLSE. Z-Obee is currently trading at ex-cash PE of 18x FY11E. Valuations are not cheap vs STI’s 13x; the question here is: could corporate activity be driving the interest in this smallcap of $214m in capitalisation?
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KEahzq
Senior |
31-May-2010 15:05
Yells: "Trading requires Patience and Discipline" |
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NPRT, which is 32.5%-owned by Midas announced that it has secured a RMB1.14b contract for Shanghai Metro Line 13 project together with its consortium partners (Siemens associates). I estimate that Midas has 70% share of this contract, which is is worth about S$3m in associate profits to Midas btw FY12-FY13. However, at this stage, I do not think NPRT contracts will make a significant impact to Midas's own bottom line, given its rather thinner net margins of 5-6%.
I note that the number of contracts bagged by NPRT in recent months have been encouraging (with current orderbook of almost RMB8b), could set it up nicely for its own spin-off listing. I think this angle may come into play after Midas's own HK dual listing. The stock is trading at PE of 16X FY10F against its HK-listed peers of about 20x. |
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KEahzq
Senior |
31-May-2010 14:26
Yells: "Trading requires Patience and Discipline" |
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Hey Fruitty, Check www.sgx.com under company announcement. is in there. Every 5 keppel corp shares, they will be giving 1 K-Green Trust share...
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fruitty
Senior |
31-May-2010 12:39
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Hi Keahzq, Can I know where u get these info on Keppel Corp from? Don't see it in SGX news. Thanks |
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KEahzq
Senior |
31-May-2010 12:25
Yells: "Trading requires Patience and Discipline" |
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Keppel Corp's share price will be adjusted according after the counter goes XE. However, management targets to list K-Green Trust in 2H2010. The yield will depend on the listing price (which is likely to be higher than its effective value of $1.16). |
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KEahzq
Senior |
31-May-2010 12:22
Yells: "Trading requires Patience and Discipline" |
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No worries... Just sharing ...
sitting at sideline now ... you can share whatever you know too windatoz. :D
Cheers.
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windatoz
Member |
31-May-2010 12:16
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Hi there, just want to say thank you for all your updated information. Have a safe & fruitful trading!
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KEahzq
Senior |
31-May-2010 11:53
Yells: "Trading requires Patience and Discipline" |
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Keppel's shareholders will receive one K-Green Trust unit for every 5 Keppel shares as a dividend in specie. About 50.5% of the trust will be distributed to shareholders. The effective value per unit is S$1.16. |
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KEahzq
Senior |
31-May-2010 11:40
Yells: "Trading requires Patience and Discipline" |
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STI mkt P/E is 12.9x, slightly lower compared to HSI of 14.3x and Bursa of 17.3x but higher than Thai SET of 11.6x |
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KEahzq
Senior |
31-May-2010 11:30
Yells: "Trading requires Patience and Discipline" |
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STI gained 22pts. It broke above the 200-days EMA at 2740 .RSI is heading towards the neutral level suggesting momentum may be picking up in the short term. Resistance near 2830 ; Support 2648 (prior low) | ||||
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KEahzq
Senior |
31-May-2010 10:56
Yells: "Trading requires Patience and Discipline" |
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Keppel corp has proposed dividend in specie of up to 325,900,000 units in K-GREEN TRUST. "Cum-Entitlement" | ||||
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KEahzq
Senior |
31-May-2010 10:53
Yells: "Trading requires Patience and Discipline" |
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Prudential has negotiated for the $35.5bn price for AIA Group (which is the Asian unit of AIG) be cut to about $29 -$30bn in order to win its shareholders’ approval.
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KEahzq
Senior |
31-May-2010 10:43
Yells: "Trading requires Patience and Discipline" |
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The main dealbreaker with AIG is that Prudential have since requested AIG to lower the selling price to AIA. |
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KEahzq
Senior |
31-May-2010 10:15
Yells: "Trading requires Patience and Discipline" |
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SINGAPORE, May 31 (Reuters) - Total bank lending in Singapore rose 0.6 percent to S$288.05 billion in April from S$286.3 billion in March, central bank data showed on Monday. Housing loans to consumers rose 1.7 percent to S$96.61 billion April from S$94.96 billion in March. |
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KEahzq
Senior |
29-May-2010 13:56
Yells: "Trading requires Patience and Discipline" |
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And also discussion after market close ... |
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KEahzq
Senior |
29-May-2010 13:54
Yells: "Trading requires Patience and Discipline" |
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This purpose of this tread is to share trading ideas, market views and news during trading hours! Timely news and market updates is essential ... We'll see how it goes and how's the response ... |
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E-war
Veteran |
29-May-2010 13:48
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Dun get u, discuss wat? Trading is discussed everywhere in the forum. lol. | ||||
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