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15-Feb-2013 10:21

Perennial CRT / Perennial China Retail Trust News

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Results for Perennial China Retail Trust in line. Looking

ahead, operations ramping up and new development

assets are expected to extend earnings and RNAV growth

visibility. Maintain BUY, TP $0.84. We continue to like

PCRT for its attractive valuations, at 6% yield and 0.9xP/bk

NAV.

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15-Feb-2013 10:20

Sapphire / Good Entry

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Time: 10:18AM

Exchange: SGX
Stock: Sapphire Corp(NF1)

Signal: Resistance - Breakout with High Volume

Last Done: $0.136

ozone2002 ( Date: 01-Feb-2013 17:22) Posted:

Time: 4:52PM
Exchange: SGX
Stock: Sapphire Corp(NF1)
Signal: Bullish MACD Crossover
Last Done: $0.134

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15-Feb-2013 10:19

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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AusGroup booked a revenue increase of approximately

12% to AU$306.8m for 1HFY2013 on the back of

increased activity levels within the Company’s Major

Projects and Fabrication divisions resulting in 1HFY2013

earnings increasing by 9.8% to AU$9.1m for the period.

Order book as at 14 February 2014 totalled AU$308m.

Despite the softening of commodity markets, the longer

term outlook for the Australian resources sector in

Western Australian, Northern Territory and Queensland -

in oil and gas, LNG, coal seam methane and iron ore mine

development - continues to be positive. The Group is

confident of seeing sustained demand for its services,

particularly in the LNG sector, over the next few years due

to the range of services that the Group can offer these

markets as a multidisciplinary contractor.

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15-Feb-2013 09:43

Golden Agri-Res / GoldenAgr

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tio trigger again this morning from ChartGenie

Time: 8:58AM
Exchange: SGX
Stock: GoldenAgr(E5H)
Signal: Bullish MACD Centerline Crossover
Last Done: $0.65

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15-Feb-2013 09:34

China Minzhong / China Minzhong Food forum

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CIMB TP $1.35

Cultivating strong sales

Two consecutive quarters of strong sales bode well for China Minzhong, ahead of its peak season. At 47% of our FY13 estimate and 44% of consensus numbers, 1H convincingly beat our expectations, thanks to surprisingly strong yields from new farmland.

2QFY13 earnings amounted to 28% of our full-year forecast. We raise FY13-15 EPS by 7-9% to incorporate 1H’s strength. Our target price is raised for the higher earnings and a higher CY14 P/E of 4x on par with the sector (previously 3x) as the sector re-rates. We upgrade it from Neutral to Outperform, with the key catalyst being the potential payment of dividends later this year, given its increased cash.

1H12 highlights

Strong cultivation sales driven by a higher-than-expected yield for new farmland that began seeding two quarters ago are responsible for most of the earnings outperformance. Processed sales also contributed, with export orders increasing, but had a lesser impact.

Although processed gross margins are lower yoy, the upward trajectory since 4Q12 suggests that the worst is over for export sales. The slight dip in fresh margins was brought about by a different product mix due to new farmland.

Expenses were well controlled but earnings rose less than sales because of a spike in depreciation and amortisation due to 1) depreciation charge for the Putian Industrial Park kicking in and 2) new farmland that began seeding in 2HFY12.

Improving cash position

1H13 operating cash flow came in at Rmb578.3m, much higher than the Rmb337m earnings due to prompt collection of 2Q sales. As a result, net gearing fell to 5% from 15% at end-FY12.

Upgrade to Outperform

We estimate Rmb550m of free cash flow this year on the back of around Rmb1.1bn of operating cash flow and management’s capex guidance of Rmb550m. Should a modest 20% of earnings be paid out, CY13 yields would be a strong 6%.

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15-Feb-2013 09:29

Viking Offshore / VIKING OFFSHORE AND MARINE LTD

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utdenviro steam charging its way.. now 76c

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15-Feb-2013 09:12

SUTL Enterprise / 4Cents divident declared 50% yield!!!

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not overbought yet..

penny stocks difficult to use technical analysis to chart their moves..

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15-Feb-2013 09:10

Viking Offshore / VIKING OFFSHORE AND MARINE LTD

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Viking Offshore and Marine Ltd announced that it has entered into a sale and purchase agreement with Mr. Terry Tan Soon Lee @ Huiri Amita in relation to the sale by the Company of its entire 320,000 issued and paid-up ordinary shares in Chuan Seng Leong Pte Ltd (“CSL”) for a aggregate consideration of S$3,200,000. The Company does not regard the business of CSL as being core to the businesses of the Group, and therefore the disposal represents an opportunity for the Company to divest of its non-core asset as well as to allow the Company to unlock shareholder value. The sales proceeds will be utilised towards the repayment of loans and payables of the Company. (Closing price: S$0.123, -1.6%)

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14-Feb-2013 15:48

Golden Agri-Res / GoldenAgr

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Triggered again.. now breakout with high volume!! shiok ah! CNY huat ah! gd luck dyodd

Time: 2:33PM
Exchange: SGX
Stock: GoldenAgr(E5H)

Signal: Resistance - Breakout with High Volume

Last Done: $0.655

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14-Feb-2013 14:25

Golden Agri-Res / GoldenAgr

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UOB chart genie also trigger

Time: 1:54PM
Exchange: SGX
Stock: GoldenAgr(E5H)

Signal: Bullish MACD Centerline Crossover

Last Done: $0.655

gd luck dyodd

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14-Feb-2013 13:57

Golden Agri-Res / GoldenAgr

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CHIONG AHHHHHHHHHHHHHH!

65.5..

gd luck dyodd

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14-Feb-2013 11:47

Golden Agri-Res / GoldenAgr

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From CIMB

The good and bad news from Jan palm oil stats

Malaysia’s palm oil stocks eased by 1.9% in Jan to 2.58m tonnes, which is below our forecast of 2.59m but above the consensus estimate of 2.55m tonnes. The good news is stocks are starting to retreat but the report also shows sustained strong growth in output. Figure 1: CPO stock and price levels

400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Stock (LHS) CPO price (RHS) ('000 tonnes) (US$ /tonne)

SOURCES: CIMB, MPOB

We believe palm oil output growth could remain strong in the next few months on a yoy basis due to the more favourable weather over the past 12 months. This means CPO price will need to stay competitive against other edible oils to ensure palm oil stocks remain at a manageable level. We maintain our CPO price forecasts and Neutral call on the regional plantation sector. We continue to prefer Singapore planters such as Wilmar, Golden Agri and Indofood Agri Resources.

What Happened

Palm oil stocks in Malaysia fell for the first time in six months by 1.9% mom to 2.58m tonnes at end-Jan. The stockpile is below our forecast but slightly above the consensus median estimate of 2.55m. The mom decline in production was in line with our expectation but the exports were above our estimate.

What We Think

We are positive on the lower stockpile and the 18% rise in palm oil exports in the first 10 days of Feb against the same period in Jan, as reported by Intertek. This suggests that the attractive pricing of CPO has been effective in generating additional demand for CPO. However, these positives are tempered by strong palm oil production (+24% yoy) in Jan. This may put a lid on the recent rise in spot CPO prices (+7%) to RM2,379 per tonne, which we believe has priced in the lower stockpile for Jan. We project end-Feb 13 stocks to fall by 5% to 2.49m tonnes as we expect exports to offset output.

What You Should Do

We continue to advocate buying Wilmar (a beneficiary of high palm oil stocks) as well as Golden Agri and Indofood Agri as a proxy for the potential recovery in CPO prices.

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14-Feb-2013 09:03

Viking Offshore / VIKING OFFSHORE AND MARINE LTD

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Utdenviro is 71.5c! Viking owns 4.3%..

gd luck dyodd

ozone2002 ( Date: 05-Feb-2013 13:16) Posted:

At A Glance
Issued Capital (m shrs) 480
Mkt. Cap (S$m/US$m) 309 / 249
Major Shareholders
Yu Cheng Lin (%) 15.0
Ching Wah Goh (%) 14.8
Viking Offshore & Marine (%) 4.3

Free Float (%) 65.9

Avg. Daily Vol.(‘000) 3,653

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13-Feb-2013 16:43

SUTL Enterprise / 4Cents divident declared 50% yield!!!

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Kenna triggered again by chartgenie

Time: 4:27PM
Exchange: SGX
Stock: Achieva(A02)

Signal: Resistance - Breakout with High Volume

Last Done: $0.075

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13-Feb-2013 14:44

Golden Agri-Res / GoldenAgr

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i'm still holding on to this.. as i believe there's upside to this

will buy more if price drops below 63

gd luck dyodd

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08-Feb-2013 13:11

SUTL Enterprise / 4Cents divident declared 50% yield!!!

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From UOB chartgenie alert..

Time: 12:44PM
Exchange: SGX
Stock: Achieva(A02)
Signal: Resistance - Breakout with High Volume
Last Done: $0.07

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08-Feb-2013 11:36

Golden Agri-Res / GoldenAgr

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DMG buy call would definitely offer support to GAR current price... and in time to come more upside

GAR has been holding up well at 63c support..

gd luck dyodd

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08-Feb-2013 10:39

Seatrium / Sembmarine

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SembCorp Marine has secured an LOI for an EPC contract

of the Process, Drilling, and Quarters Platform Topsides

from Det norske oljeselskap ASA, worth about S$900m.

Construction is expected to commence in December

2013, with completion in March 2016. This order is

SMM’s maiden win for FY13, for which we have assumed

order wins of S$5bn for the full year.

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08-Feb-2013 09:43

Seatrium / Sembmarine

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latest $900m win revenue recognition will b in 2014...margin will continue to be squeezed

Long lead timefor latest win (CIMB)

The latest S$900m platform contract may not contribute significantly in the near term given the long lead time forconstruction and delivery. The share price upside is limited as current valuations appear rich at 14x CY14, close to the offshore & marine’s mid-cycle of 15x.

Maintain Neutral.We keep our EPS and target price, still based on 15x CY14P/E orits 10-year average. The current order fallswithin our S$4.5bn expectationfor 2013. We see potential re-rating catalysts coming from stronger-than-expected margins and order wins.

What Happened

Sembmarine’s SMOE secured a S$900m letter of intent from Norwegian Det norske oljeselkap ASA for an EPC contract to build an offshore platform integrated topside for the North Sea Norwegian sector. For this project, SMOE will work with its engineering partner, Wood Group Mustang.Construction will start in Dec 13,with completion expected in Mar 16.

What We Think

We believe material revenue recognition will only start after 1H14,given the long lead time forconstruction and delivery. We estimate the EBIT margin for the contract to be about 10%. The latestcontract value is much larger than theS$600m contract secured by SMOE in Jul 11 from PTTEP for an integrated processing and living quarters platform. It is also almostdouble the value ofits previous Norwegian Ekofisk accommodation topside secured in Mar 10 at S$550m. We believe there could be some revenue sharing withMustangfor the latestcontract.

Our S$4.5bn target is 35% above Sembmarine’s 2012 non-Brazilian contracts amounting to S$3.3bn. Sembmarine has outstanding options worth aboutUS$1.5bn, including three semi-subaccommodation units (US$295m each),and four modules and modules integration for a FPSOfor Petrobras (estimated at US$675m).With the latestNorwegian contract in the bag, Sembmarine needs another S$3.6bn to meet our target.

What You Should Do

The share price will react positively to this news.However,current valuations are not compelling in light of thedeclining margins and earnings deterioration in FY13.

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07-Feb-2013 09:00

Golden Agri-Res / GoldenAgr

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managed to sustain support levels despite the sell off yesterday..

looking gd for the upside..

gd luck dyodd

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