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Latest Posts By ozone2002 - Supreme      About ozone2002
First   < Newer   1321-1340 of 7452   Older>   Last  

01-Nov-2012 13:22 Sin Heng Mach   /   SIN HENG...the next MYMMMAR rush       Go to Message
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x 0 		saw sin heng reported gd earnings..
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01-Nov-2012 13:20 Seatrium   /   Sembmarine       Go to Message
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　 from DMG


Going under the sun for a yard tour


Last wee k, we hosted 18 fund managers and analysts for a shipyard tour to SMM’s Jurong Shipyard and Integrated Tuas New Shipyard. The tour allowed us to differentiate the two shipyards and we left the visit impressed by the potential of the Tuas New Yard. Jurong Shipyard is busy with jackup orders and several upgrade projects. On the other hand, the construction of the New Tuas Yard is progressing well and two drydocks are ready to start repair work in mid-2013. In our view, the new yard is well located and is poised to benefit from the opening of the Singapore LNG terminal in mid- 2013 and the relocation of the container port to Tuas over the longer term. Maintain BUY with a TP of S$5.70.

Two drydocks ready to take in repair work by mid-2013. Drydock No.1 and No.2 will be able to undertake repair jobs in Jun/Jul 2013 while the construction of drydock No.3 and No.4 are ahead of schedule and will be ready in 2014. Phase One capex is around S$900m, up from its original budget of S$750m as some facilities for Phase Two were pushed forward. At the start, SMM will move the repair jobs from Jurong Shipyard to Tuas and Jurong will focus on newbuilds.

Eyeing customers with mega ships and LNG work. With the new drydocks, the biggest in Singapore, SMM will be able to serve bigger ships like the VLCC and the Triple-E 18k TEU containership ordered by Maersk. SMM will also be eyeing more LNG work with the opening of the Singapore LNG terminals in 2013.

Annual ship repair revenue could increase by +70% by 2014. Currently, SMM generates S$700m ship repair revenue per annum and we estimate this to rise to S$1.2b by 2014. We estimate that ship repair work could generate cash flow of S$200-250m per annum in 2014, equivalent to S$0.10/share to S$0.12/share.

Valuation: Maintain BUY with an unchanged TP of S$5.70. SOTP-derived TP: (1) shipyard operations at 18x FY12/13F earnings (2) adjust for S$1.17b cash (3) Cosco Shipyard Group at 8x P/E and stake in Cosco Corp at market value. FYE 31 Dec (S$m)

FY10

FY11

FY12F

FY13F

FY14F

 

Turnover

4,555

3,960

4,590

5,710

6,726

 

Reported net profit

860

752

596

660

782

 

% Chg YoY

22.9

-12.6

-20.8

10.7

18.6

 

Consensus

nm

nm

523

730

819

 

EPS (S$ cents)

41.4

36.1

28.5

31.6

37.5

 

DPS (S$ cents)

36.0

25.0

15.0

15.0

15.0

 

Div Yield (%)

7.6

5.3

3.2

3.2

3.2

 

ROE (%)

38%

30%

24%

25%

25%

 

ROA (%)

17%

15%

11%

11%

11%

 

P/E (x)

11.4

13.0

16.5

14.9

12.6

 

P/B (x)

3.8

4.1

4.0

3.5

3.0

 

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31-Oct-2012 15:50 Seatrium   /   Sembmarine       Go to Message
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i am hoping it can go back n test the low of $4.3 if not anything below $4.7 is a gd buy considering

it's big order book

gd luck dyodd

rotiprata      ( Date: 29-Oct-2012 18:19) Posted:

bros, today dipped  quite a lot...got  buy or not???...i  went in at 4.73   

ozone2002      ( Date: 27-Oct-2012 12:29) Posted:



looking to buy on dip..

gd luck dyodd..
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31-Oct-2012 15:48 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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hope there's some of you out there who heeded the warnings..

there's so many other stocks to play.. don't have to focus on only ausgrp..

gd luck dyodd

ozone2002      ( Date: 10-Oct-2012 11:30) Posted:



support is broken

gd luck dyodd

ozone2002      ( Date: 09-Oct-2012 16:31) Posted:



gd luck.. dyodd..

 
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31-Oct-2012 10:34 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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This is from Kim Eng analyst visit..

Visited last week*

Company Initial Impression Analyst

Courts Asia Positive Alison

Sino Grandness Positive Wei Bin

Sheng Siong Group Positive Alison

* includes conference calls

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31-Oct-2012 09:06 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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Need  to break 50c to move further

gd luck dyodd
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30-Oct-2012 15:10 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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what's the news for this?

just high volume transacted but price still didn't move up..

gd luck dyodd vested sometime back.. can see my postings..
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27-Oct-2012 13:14 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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been consolidating at 47c range..

gd luck dyodd
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27-Oct-2012 12:29 Seatrium   /   Sembmarine       Go to Message
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looking to buy on dip..

gd luck dyodd..
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27-Oct-2012 12:25 CapLand IntCom T   /   CapitaMall       Go to Message
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super uptrending stock..

gd luck dyodd
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17-Oct-2012 14:25 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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48c 4+mil shares done

looks gd

gd luck dyodd
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17-Oct-2012 10:49 Food Empire   /   Results Commentary       Go to Message
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nice rally yesterday

FOOD EMPIRE: Stock price up on F& B sector re-rating

Photos by Sim Kih

FOOD EMPIRE shares gained 9.9% yesterday to close at 50 cents after the company did a corporate presentation to over 100 remisiers and dealers at Phillip Securities' office in Raffles City on Monday evening.
FE_Phillip_crowd_2


The stock was also buoyed by an upturn in investor sentiment towards the F& B sector, with several F& B stocks such as Yeo Hiap Seng and Petra Foods rising yesterday.

Food Empire's executive chairman, Tan Wang Cheow, was asked about the falling cost of raw materials that Food Empire uses to produce its key products, especially 3-in-1 coffee.

In particular, there has been a lot of news recently about crude palm oil prices having corrected sharply throughout this year, leading to a selldown in the shares of palm oil companies such as Wilmar and Golden Agri Resources.

Palm oil is used in the making of non-diary creamer for 3-in-1 coffee. Would it follow that creamer costs have come down for Food Empire?

Mr Tan began by saying that in the last 1-2 years, prices of raw materials hit high levels but have come down since.
tan_brian_10.12
L-R: Food Empire executive chairman Tan Wang Cheow Brand Manager Bruce Chin.


Sugar at its peak in 2008/2009 was trading at almost US$900 per tonne. Today, Food Empire is buying it at roughly US$630 per tonne, said Mr Tan.

As for creamer, Food Empire bought at the US$1.80 per kg level in the past two years. Now, it's US$1.50-1.60.

As for coffee beans, prices too have come down.

However, for freeze dried coffee, which is premium instant coffee, the price has not come down as significantly.

" At the high, we paid close to US$10 per kg. Today we are buying at slightly over US$9."

Mr Tan added: " All the savings will add to our profit margins -- as long as we can maintain the selling price of our products."

He cautioned that coffee, sugar and creamer are only one factor in the cost of production. There are also packing materials whose cost is linked to crude oil prices.

And there are other factors (which affect the suppliers of sugar, creamer and coffee) such as labour cost and energy cost, and these are all going up, said Mr Tan.

And with QE3 coming on stream, " we are not sure how it will affect commodity prices."
FE_chart10.12
Food Empire stock (50 cents) has gained 58.7% in the year to date. Chart: FT.com


In that case, does Food Empire do hedging?

Mr Tan replied that hedging is a double-edged sword, citing the example of a company that suffered massively after its hedging on the price of oil went awry.

" We make judgemental calls on the market. We watch how prices are moving -- when they come down within a trading range, we will buy and stock up.

" When prices go up, we hold back and use up our stock."

If prices continue to go up, as happened in 2007, for example, Food Empire would have to pass part of the increase to the consumer. " It's unfortunate but the whole market will also have to do it," said Mr Tan.

Question: What is Food Empire's gross margin?

Answer: It depends on the market where the products are sold but it ranges between 35-50%.
coffee_peers.15.10.12
Source: Bloomberg


Food Empire has had a good year so far. In 1H2012, its net profit rose 25.8% to US$8.8 million.

Its stock price has gone up 58.7% but is still cheaper than its peers Super Coffeemix and Viz Branz in terms of price/earnings (see table)
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16-Oct-2012 15:43 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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trying to clear the 48c sell Q ..

now > 2 mil share done...

gd luck dyodd
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16-Oct-2012 09:27 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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clearing the sell Q @ 48c..

gd luck dyodd
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16-Oct-2012 09:02 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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open 48c..

hope for more upside to come..

gd luck dyodd :)
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15-Oct-2012 16:34 SinoGrandnes   /   Sino Grandness - a growth stock with low PE       Go to Message
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15-Oct-2012 16:32 Far East Orchard   /   Orchard Parade       Go to Message
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highest 2.89..

targetting $3
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15-Oct-2012 13:42 DFIRG USD   /   DAIRY FARM INTERNATIONAL       Go to Message
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x 0 		anyone noticed this gem?
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15-Oct-2012 13:15 Far East Orchard   /   Orchard Parade       Go to Message
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FEOrch up 6% today now 2.72..

gd run up

 
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15-Oct-2012 11:46 Viking Offshore   /   VIKING OFFSHORE AND MARINE LTD       Go to Message
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buybacks everyday!

Viking Offshore and Marine Ltd 12-Oct-12 Share Buy-Back 50,000 0.1140
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