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CHEMOIL
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Citysky
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12-Apr-2007 12:18
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Thanks. Happyseah. This counter may not appropreiate for short term player as patience is the only character one should embrace. Good luck, all. |
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Happyseah
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12-Apr-2007 11:14
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Henry$$$
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11-Apr-2007 21:15
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I sold at 0.75 after Iran released British soldier. The price depended on the move of oil price. |
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xtrios
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11-Apr-2007 17:40
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does chemoil have any more steam left to head upwards? sti is beginning to fall from its high. wonder if chemoil can still rise up to expectations. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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victorf
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09-Apr-2007 10:57
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as expected, the rally from 50 plus cents till the 78 cents region...reached the $0.78-$0.84 for last at least two sessions and meet strong selling force...short term support at $0.74, resistance at $0.78, $0.84...once $0.84 break will head towards $1...else rangebound at around $0.74-$0.78...good luck | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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zhuge_liang
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08-Apr-2007 20:44
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Titan Petrochemicals Group aims to penetrate into China's marine fuel market to help boost its sagging profits, the company said, as it grapples with a poor supertanker market. CEO Barry Cheung told Reuters the Hong Kong-listed oil services company also expected profits from its oil trading activities to triple this year against 2005 levels. "China has the potential to be a huge bunkers market in the near future, within 5 years. It's not big now because prices are high and services are poor," Cheung said in an interview. "But we expect to be able to offer a competitive environment for shipowners, leveraging off our assets such as our storage facilities, tankers and regular flow of fuel oil supply." Titan, which sells about 200,000 tonnes of bunkers in Singapore and Hong Kong each month, is in the midst of securing a licence to sell marine fuels in China and has ordered 10 double-hulled bunker barges for delivery from year-end. Cheung forecast Titan's overall bunker sales in Asia to account for 10-15% of its EBITDA by 2009-2010, and he expected its China volume to account for about a third of the profits by then. China currently sees about 2.5-3.0 million tonnes of bunker sales annually, the equivalent of what Singapore, the world's largest bunker port, sees in a month. The volume is expected to grow when container traffic increases, particularly when the Yangshan port near Shanghai, with handling capacity of 15 million TEUs (20-equivalent-foot-unit), becomes operational by 2010. The Chinese bunker market is now dominated by Chimbusco, a joint-venture between Chinese major PetroChina and Cosco Group. Some of Chimbusco's share had been eroded by at least 3other new firms affiliated to Sinopec and PetroChina. Cheung said Titan is well poised to capitalise on the growth in container traffic and launch its foray into the Chinese market as it has stakes in storage facilities in Yangshan and in the growth areas of southern China. It is building 3 large storage terminals, with a total capacity of about 5.66 million cubic metres in Yangshan, as well as in Nansha and Fujian in the south by 2011. The Nansha terminal, with 410,000 cu m of capacity, has been operational since last October. About 85% of its capacity will be leased to third-party customers by June, making it the first independent, commercial storage facility in China, he said. Titan expects to lease out most of the capacity in these terminals, drawing revenue from the rentals and accounting for about 35% of its operating profit by 2009, he said. Cheung said operating revenue from its fuel oil and crude trading was expected to grow to 15% of EBITDA by 2009, up from about 5% last year, following a revamp of its trading operations. Volumes are currently around 500,000 tonnes per month this year, up about 30-50% from 2006. Titan recently sold half its stake in the terminals to U.S. buyout firm Warburg Pincus for US$100 million and an equity stake for another US$75 million, as it deals with high financing costs and a poor market for Very Large Crude Carriers (VLCC) last year. The growth in other sectors is in line with Titan's strategy of reducing its dependence on the tankers market, from which it currently draws most of its revenue with a fleet of 13 VLCCs. The falling VLCC market, particularly in the fourth-quarter, has pushed down the company's 2006 profit by 67%, and it plans to sell 3 of the VLCCs to reduce exposure to the volatile sector. Cheung said he expected shipping to account for about 25% of Titan's EBITDA in 2 years, down from 74% last year, as the firm cut its fleet size. |
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Citysky
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06-Apr-2007 18:33
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Yes. buy and hold. On top of FA, TA & sound management. I am also buying a self-made billionaire story. Seriously. If you study its capital sources and credit availability, you may agree that this listing is more in strategical than financial perspective. It is a pearl in Sand. Just be patient. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Happyseah
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05-Apr-2007 22:32
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Buy. Momentum is still strong. Besides, this is a very fundamentally sound company with a great business model. JP Morgan included this stock inside one of their asia focus company. |
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arjun1524
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05-Apr-2007 00:05
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So you suggesting to buy? Will there be a pull back | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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victorf
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04-Apr-2007 23:51
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still so far-fetched with not much impact...still call for buy for mid-term investors with target $1 by end of year...good luck and not for contra | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Nostradamus
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04-Apr-2007 21:35
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This news could have a negative impact on bunker fuel and Chemoil. Oil tanker owners are urging the International Maritime Organization (IMO) to lay out a plan by next year for switching all ship engines to use diesel instead of dirty but cheap fuel oil, an industry group said on Wednesday. As governments worldwide attempt to curb pollution by putting limits on sulphur, the shipping industry -- which contributes up to 7% of airborne sulphur emissions -- faces a potentially confusing array of disparate national regulations. By adopting a global rule to use diesel without waiting for outside regulation, the industry can appear a leader in the effort and avoid a complex web of national rules, although it will have to accept a near 50% rise in fuel costs. "In reality the shipping industry has done nothing in 15 years, and now we have the chance to be proactive," said Peter Swift, managing director of the International Association of Independent Tanker Owners (INTERTANKO). It represents companies such as Teekay Shipping, Mitsui OSK Lines and Arlington Tankers Ltd. "If we want to reduce sulphur particle matter and oxides... then we should make the switch from high-sulphur marine fuel to marine diesel oil," he said, on the sidelines of the Sea Asia conference in Singapore. This followed a similar call on Tuesday by the Hong Kong Shipowners Association, which also hopes a worldwide adoption of low-sulphur marine diesel will help eliminate the need for risky fuel switching between areas with different sulphur controls. The IMO already requires ships in the Baltic Sea to burn lower sulphur fuel oil in an effort to reduce emissions, while the North Sea will face similar regulations from November. But more than 90% of the world's trading fleet runs on high-sulphur residual fuels, as there are no low-sulphur limits for most countries around Asia and on the open ocean. Swift said the IMO needed to decide on a potential switch by next year, when Europe will review its own directives. He said U.S. environmental regulators had called for even lower sulphur levels of 0.1% in their submissions to the IMO. Sulphur is blamed for acid rain and lung problems. "The certainty to us is if we start having unilateral legislation in Europe, the United States... it will not be consistent, and the nightmare for shipowners will increase," Swift said. But a move to diesel faces resistance, including from some in the shipping community, who argue that the additional refining processes required to upgrade the surplus residual fuel to diesel would cause nearly as much pollution as burning it in ships. Cost will also be a concern, especially after a trebling in crude oil prices over the past four years. A typical Very Large Crude Carrier (VLCC) requires about 80-100 tonnes of bunker fuel daily. At current Singapore prices, the fuel cost of a 15-20 day voyage from a Middle East oil producer to a Japanese refinery using marine diesel instead of fuel oil would rise by more than $400,000 to over $1.1 million, according to Reuters data. "We have regulation for the type of gasoline we can burn in our cars... but shipping is still very much unregulated," Swift said. |
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victorf
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30-Mar-2007 18:56
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do not sell early....wait till the $0.78-$0.84 region...once $0.84 is broken convincingly, it will head towards $1...good luck
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Happyseah
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30-Mar-2007 14:22
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Very good fundamental. For those of you who think the price is too high now, advised to buy on pull back. Note however that the share price of this counter is supposed to be listed between US65-80 cents initially in Sept 06..i believe that there's still room for it to move up.. |
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jensonlaw
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30-Mar-2007 09:27
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Extremely strong buying interest at 61.5c US. Someone is accummulating this stock - watch out for it to break the 62c resistance! |
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jensonlaw
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30-Mar-2007 08:40
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Chemoil US$JP Morgan released a report giving it a $1 target price. The report is as follows: We initiate coverage on Chemoil Energy (Chemoil) with Overweight and a US$1.00 Price Target. Chemoil is one of the largest independent marine fuel suppliers in the world. Its growing global network and resulting scale facilitate competitive sourcing opportunities and incremental value extraction through operating leverage effects ? formidable barriers to entry in a high fuel price environment. A know-how story?it?s all about optimization of the entire value chain. Chemoil?s volume growth is driven by further market penetration and geographical expansion into high-volume bunkering locations such as Singapore and Fujairah. We expect total sales volume to expand progressively by 28%, from 13.7MT in 2006 to 17.6MT in 2009. As an end-to-end supplier, its strength is the ability to manage and extract further profitability per unit volume sold throughout its entire value chain while benefiting from the structural shift towards independent marine fuel suppliers. We estimate gross contribution/unit ton to increase by 30%, from US$9.8/MT in 2006 to US12.8/MT in 2009. Potential share price catalysts. These include a sustained uplift in gross contribution/ton and stronger-than-expected earnings growth. We add the stock to our Asia Analysts? Focus List. Attractive valuation. Chemoil trades at an attractive 7.6x FY08E earnings, and is set to post earnings growth in excess of 20% over the next three years; ROE is equally impressive at 28%. We believe Chemoil?s resilient business model has been largely underappreciated by the market. Our Dec-07 DCF-based price target is US$1.00. We believe the key risk to our price target is a drastic slowdown in maritime trade. Besides the report, kleer gave Chemoil a fair value of $0.78 if pegged at 15x FY2006 PE, which gives about 30% margin of safety. |
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Happyseah
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29-Mar-2007 18:08
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Got spare $$ just buy a bit and hold...but make sure must be able to hold then go in and buy.... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Happyseah
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29-Mar-2007 18:06
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JP Morgan target price is $1.00 based on their report today | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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jensonlaw
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29-Mar-2007 17:21
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Tomorrow, we should be able to see it hitting 63.5c, and by the end of April, more than 70c. I believe the Mgt is going to place out some shares shortly, or to have a dual listing somewhere. Anyone can confirm the above? |
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victorf
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29-Mar-2007 16:59
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FA and TA wise, this is a good counter to buy...foresee will reach $1 by end of year...not for contra and good for mid-term investor...good luck | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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jensonlaw
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29-Mar-2007 14:24
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The sleeping dragon has awaken! Watch out for its' flight into the outer space. CMIB has a TP of US$1.00.
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