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About ozone2002

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12-Jan-2013 11:41

SoundGlobal / Sound Global Ltd (formerly: Epure)

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water stocks are in focus after KKR vested yet again into UTD ENVIRO..

do look out for this neglected gem

gd luck dyodd

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12-Jan-2013 11:12

Neptune Orient L Rg / NOL

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from 1.36 high to 1.31 definitely some selling pressure..

hope u guys heeded the call to take profit

profit is better than a loss..

dyodd gd luck

ozone2002 ( Date: 11-Jan-2013 09:48) Posted:

subdued rally today..

time to take profit..

good run up for past few days..

gd luck dyodd

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11-Jan-2013 15:26

IPC Corp / Solid NTA 27c

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SOOOOOOOOO much vol

is OHL buying? some married deals done

WEIGHTED AVG PRICE : 0.1658	LAST DONE PRICE : 0.165
SPREAD/PRICE RATIO : 0.0061	AVG TRADE SIZE : 59.969

< />

Last

Trades

Vol

BuyVol

Mid

SellVol

0.161

0.162

782

0.163

3,043

973

2,070

0.164

117

7,320

2,814

4,506

0.165

126

5,834

1,765

417

3,652

0.166

164

8,105

3,601

234

4,270

0.167

180

11,039

4,015

123

6,901

0.168

6,796

761

1,009

5,026

0.169

TOTAL

717

42,998

13,929

1,783

27,286

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11-Jan-2013 14:56

Viking Offshore / VIKING OFFSHORE AND MARINE LTD

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wonder y u are still holding..

cut loss and move on if u must..

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11-Jan-2013 14:55

SinoGrandnes / Sino Grandness - a growth stock with low PE

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high of 75c!!!

gd luck dyodd

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11-Jan-2013 10:36

Viking Offshore / VIKING OFFSHORE AND MARINE LTD

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prefer to enter neglected stocks.. rather than chase " hot" stocks..

gd luck dyodd

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11-Jan-2013 09:48

Neptune Orient L Rg / NOL

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subdued rally today..

time to take profit..

good run up for past few days..

gd luck dyodd

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11-Jan-2013 09:17

Nam Cheong / Nam Cheong

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ride up was good enough for me..down today so take profit..

gd luck dyodd

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11-Jan-2013 09:09

IPC Corp / Solid NTA 27c

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168 up 0.9 c 6% 14 million done..

power stimulus!!

ozone2002 ( Date: 11-Jan-2013 08:56) Posted:

Japan just announced 10.3 Trillion Yn stimulus..

good for business hotels that IPC is involved in

gd luck dyodd

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11-Jan-2013 08:56

IPC Corp / Solid NTA 27c

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Japan just announced 10.3 Trillion Yn stimulus..

good for business hotels that IPC is involved in

gd luck dyodd

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11-Jan-2013 08:54

Seatrium / Sembmarine

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China shipyards are undercutting kep corp n semb mar

Published January 11, 2013

Oil-rig price war looms on China shipyards' foray

New entrants lower prices to win deals, eroding margins at Keppel, SembMarine

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While demand for rigs has been booming, ship orders have plummeted because of excess fleet capacity and global economic uncertainties. Vessel prices have fallen as much as 27 per cent in the past two years, according to Clarkson plc, the world's biggest shipbroker - PHOTO: AFP

[HONG KONG] China's shipbuilders are set to spark a price war in the oil-rig market.

With orders for new ships plunging to an eight-year low in 2012, China Rongsheng Heavy Industries Group Holdings Ltd and its local rivals are foraying into the offshore business, lured by a market that will reach about US$328 billion in 2017. The new entrants are lowering prices to grab contracts, hurting margins at Singapore-based Keppel Corp and Sembcorp Marine Ltd, the world's two biggest rig makers.

" It's like moving from one bottomless pit to another," said Park Moo Hyun, an analyst at E*Trade Securities Co in Seoul. " Chinese shipyards are competitively trying to get into what they see as a lucrative business. But the consequence of that is they could end up distorting the whole market."

China Rongsheng, the nation's biggest yard outside state control, announced in October its first order to make a tender barge and rival Yangzijiang Shipbuilding Holdings Ltd got its first rig contract last month. Shanghai-based China Rongsheng warned in December of posting a loss in 2012 after three straight years of profits.

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10-Jan-2013 16:47

SinoGrandnes / Sino Grandness - a growth stock with low PE

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70.5

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10-Jan-2013 16:43

Seatrium / Sembmarine

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this is bad news for Semb Mar..with its recent safety incident .. reputation tarnished..

China Shipyards Set to Spark Price War Among Rigmakers

By Kyunghee Park & Jasmine Wang - Jan 10, 2013 3:38 PM GMT+0800 Bloomberg

China’s shipbuilders are set to spark a price war in the oil-rig market.

With orders for new ships plunging to an eight-year low in 2012, China Rongsheng Heavy Industries Group Holdings Ltd. (1101) and its local rivals are foraying into the offshore business, lured by a market that will reach about $328 billion in 2017. The new entrants are lowering prices to grab contracts, hurting margins at Singapore-based Keppel Corp. (KEP) and Sembcorp Marine Ltd., the world’s two-biggest rig makers.

“It’s like moving from one bottomless pit to another,”said Park Moo Hyun, an analyst at E*Trade Securities Co. inSeoul. “Chinese shipyards are competitively trying to get into what they see as a lucrative business. But the consequence of that is they could end up distorting the whole market.”

China Rongsheng, the nation’s biggest yard outside state control, announced in October its first order to make a tender barge and rival Yangzijiang Shipbuilding Holdings Ltd. (YZJ) got its first rig contract last month. Shanghai-based China Rongsheng warned in December of posting a loss in 2012 after three straight years of profits.

Jinhai Heavy Industry Co., based in Zhejiang province, China, also secured its first offshore equipment contract last month.

“Whether or not the Chinese yards can earn money from the current orders is pretty much in the air,” said Vincent Fernando, an analyst at Religare Capital Markets in Singapore.“There’s a steep learning curve.”

Drill Ships

Rongsheng climbed 1.3 percent to HK$1.62 in Hong Kong trading as of 3:08 p.m. The city’s benchmark Hang Seng Index was up 0.6 percent. Yangzijiang gained 2.9 percent to S$1.055 in Singapore. Sembcorp (SMM) rose 1.5 percent to S$4.86 and Keppel advanced 0.5 percent to S$11.23 in Singapore. The city-state’s benchmark Straits Times Index was little changed.

Hyundai Heavy Industries Ltd. (009540), the world’s biggest shipmaker, and other South Korean yards are also seeking to win more orders for drill ships and floating production units amid rising energy demand.

Shipyards are boosting offshore equipment business asPetroleo Brasileiro SA (PETR4), Exxon Mobil Corp. (XOM) and other energy companies develop new fields amid depleting oil reserves at existing wells.

Price Decline

The global onshore and offshore plant construction market is expected to rise to $1.26 trillion in 2017 from $989 billion in 2012, according to South Korea’s Ministry of Knowledge. The offshore oil and gas market may account for 26 percent of that, the ministry said in a Jan. 7 statement.

While demand for rigs has been booming, ship orders have plummeted because of excess fleet capacity and global economic uncertainties. Vessel prices have fallen as much as 27 percent in the past two years, according to Clarkson Plc (CKN), the world’s biggest shipbroker.

About 464 shipyards in China won 18.7 million deadweight tons of orders worth $14.3 billion last year, the lowest since 2004, according to Clarkson. That compares with contracts for 14.6 million tons worth $29.6 billion received by 88 yards in South Korea, the world’s second-biggest shipbuilding nation.

Thirty-eight percent of yards in China didn’t get contracts for new vessels in 2012, and 10 percent had no deliveries scheduled beyond the end of that year, the London-based shipbroking unit of ICAP Plc said in a report sent by e-mail on Dec. 24.

That’s prompting Chinese shipyards’ diversification into rigs at cut-rate prices.

China Rongsheng said it has set up an offshore unit in Singapore, where the company has hired engineers with more than 20 years of experience. That “will help compensate Rongsheng China’s lack of experience in building rigs and drill ships and shorten the company’s learning curve,” it said in an e-mail.

Lower Margins

Yangzijiang, based in Jiangyin, China, announced last month it got a $170 million order for a jack-up rig, lower than the $205 million contract Keppel got in April for a similar product. It’s an indicator of lower margins in the future, Keppel Chief Executive Officer Choo Chiau Beng said in a December interview.

Yangzijiang said in an e-mail it doesn’t expect prices to drop because of the competition, while Jinhai said Chinese yards’ lack of experience in building offshore equipment wouldn’t lead to lower prices.

Complex Vessels

Cosco Corp. Singapore Ltd. (COS), the shipbuilding unit of China’s biggest shipping company, said in August it expects to incur higher costs as it worked on offshore projects it had never done before. That includes a contract to build a semi-submersible accommodation rig.

Net income at Cosco Singapore fell for six straight quarters partly because of costs for building the offshore projects. In 2011, the company set aside S$150.4 million ($123 million) on expected losses from these contracts, more than double the loss a year earlier.

Shipyards in China are the world’s biggest builders of bulk ships, used to haul iron ore, grain and coal. Only a handful of companies in the country have built more complex vessels such as liquefied natural gas carriers and container ships that are longer than the Eiffel Tower.

“Yards that were making medium to smaller dry bulk ships aren’t simply going to wake up one day and be able to do jackup rigs,” said Jon Windham, a Hong Kong-based analyst at Barclays Plc.

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10-Jan-2013 16:41

SinoGrandnes / Sino Grandness - a growth stock with low PE

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69 c NEW HIGH!!!

gd luck dyodd

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10-Jan-2013 15:59

China Minzhong / China Minzhong Food forum

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CHINAMINZHONG IN-DEPTH STUDY ON 09 JAN 2013

Contributed by Jay Chia

10-Jan

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10-Jan-2013 15:08

Neptune Orient L Rg / NOL

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up 5.6 % today.. went up ard 4c yesterday

charging ahead..

gd luck dyodd

ozone2002 ( Date: 09-Jan-2013 11:16) Posted:

tide has turned for this counter..

reversal has occured from the downtrend

analysts reports showing signs of recovery for NOL

prospects looking gd for this

gd luck dyodd

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10-Jan-2013 10:29

China Minzhong / China Minzhong Food forum

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CHARTED TERRITORY

10 Jan 2013 OCBC
China Minzhong - More upside ahead after bullish break

Resistance: S$1.02
Support: S$0.86

Last Closing Price: S$0.89
52-week Px Range: S$0.53 - S$1.175

SGX Code: K2N
BLP Code: MINZ SP Equity

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10-Jan-2013 10:25

China Minzhong / China Minzhong Food forum

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90.5

gold rush

gd luck dyodd

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09-Jan-2013 17:02

China Minzhong / China Minzhong Food forum

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hit high of 90c

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09-Jan-2013 16:41

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

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some activity after staying dormant for long time..

penny play or something brewing?

gd luck dyodd

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