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06-Aug-2012 22:23

Viking Offshore / VIKING OFFSHORE AND MARINE LTD

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the recent rally informatics which peter lim had invested didn't move up as well..

hmmm..think he has too much free time losing his millions on informatics..

same like what Andy Lim did with his money to buy Viking..

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06-Aug-2012 22:20

Mencast / Cornerstone investor GAY CHEE YONG in mencast

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Mencast HY2012 profit up 27.7%

CARINE LEE

PRINT |EMAIL THIS ARTICLE

Mencast Holdings Ltd on Monday reported a 27.7 per cent increase in year on year earnings to $6.91 million for the fiscal half year ended June 30, 2012.

Turnover rose 41.9 per cent year on year to $34.64 million, on contribution of approximately S$11.0 million in aggregate from the newly acquired subsidiaries, Top Great Engineering & Marine, Unidive Marine Services Pte Ltd and Team for six months in HY2012 compared to one month and two months revenue contribution for Unidive and TGEM respectively in HY2011.

However, the increase was offset by the decrease in revenue of approximately S$0.8 million from the marine services segment due to the slow down in activities in the ship building and ship repairing industry.

Earnings per share for the half year ended June 30, 2012 was 3.49 cents, up from 3.17 cents a year ago.

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06-Aug-2012 14:47

IPC Corp / Solid NTA 27c

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calculation error..

their breakeven price should be ard 14.7c

ozone2002 ( Date: 06-Aug-2012 11:58) Posted:

for the 2 investors who bought @ 18c..

after rights issue their break even price is 17.3c

still have more upside...

gd luck dyodd

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06-Aug-2012 11:58

IPC Corp / Solid NTA 27c

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for the 2 investors who bought @ 18c..

after rights issue their break even price is 17.3c

still have more upside...

gd luck dyodd

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06-Aug-2012 11:14

ST Engineering / ST Engg

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looking to buy on dip.. :).. dividend cash cow..

singtel n starhub all rallied like crazy..

bishan22 ( Date: 06-Aug-2012 10:07) Posted:

Forming a rounding top. Be cautioned. Price is dropping. Smiley

ozone2002 ( Date: 06-Aug-2012 09:41) Posted:

halted!

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06-Aug-2012 11:12

Singapore Land / Sp Land

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very steady dividends @ 20c..

A turn for the better

2Q12 saw positives for SingLand’s office segment, which makes up 64% of GAV. Rental income took a turn for the better while capital values for office assets bottomed out after slipping 2-4% in FY11. Armed with a strong balance sheet, management replenished its landbank.

2Q/1H12 core earnings met our expectations and consensus at 24%/52% of FY12. Factoring in the Farrer Drive land acquisition and higher ASPs for residential projects, we raise EPS. Our target price (still at 45% discount to RNAV) inches up. We anticipate more positives for the office sector. Maintain Outperform.

Office segment bottoms

Rental income from investment properties took a turn for the better, inching up 2% yoy after steady yoy declines since 1Q10. 1H12 office capital values likewise hit a bottom, coming in flat after 2-4% declines in FY11, with the exception of Marina Bayfront (+5%) which is being repositioned as retail space. We reiterate firm occupancies of > 96% for office assets and stable signing rents, and expect positive rental reversions to follow soon.

Deploying capital

In 1H12, management actively replenished its landbank with the Jervois Road site in Feb and the Farrer Drive sites in Jun. These will be developed bite-sized projects of 100-140 units each, which should sell out easily, driving earnings for the property trading segment in the next 3-4 years. SingLand is steadily unlocking profits from older projects, with Archipelago now 76% sold and The Trizon 88% sold and achieving higher ASPs of S$1.7k-1.8kpsf on completion in May 2012.

Cheap valuations close to net cash position

The stock now trades at 0.5x P/BV vs. a long-term average of 0.8x. We remain positive as the data points in this quarter point to a turning point for the office segment. We expect it to be in a net cash position in 2013/14 given the rentals and cash collections from residential projects that are streaming in.

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06-Aug-2012 11:04

Seatrium / Sembmarine

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There is no doubt that Sembmarine’s

and Keppel’s order wins will hit a

record this year. We expect Keppel to

clinch S$10.2bn and Sembmarine

S$11.2bn. Maintain Overweight, with

stronger-than-expected contract

awards being the key catalyst. SCI is

still our top pick for its valuation and

resilient utilities business.

What Happened

Petrobras announced that it has

come to agreement with Sete Brasil,

Queiroz Galvao, Petroserv, Odfjell

and Seadrill on 15-year chartering of

12 floating platforms to be built in

Brazil with national content of

55-65%. These 12 rigs are part of the

21 units negotiated with Sete Brasil.

Petrobras also confirmed that six

semi-subs will be built by Keppel’s

BrasFELS in Angra dos Reis and six

drillships will be built by

Sembmarine’s Jurong Aracruz.

Delivery will start in 2016. Petrobras

has evaluated the shipyards’ capacity

including deadlines, local content

ratios, suppliers of equipment

packages, environment licensing and

financials.

What We Think

We expect Brazilian orders to

dominate sector newsflow in the

coming weeks. The remaining five

semi-subs/drillships each by Keppel

and Sembmarine could be

announced in a staggered fashion,

split by rig operators.

Out of the six semi-subs by Keppel,

three will be operated by Queiroz

Galvao, two by Petroserv and one by

Odebrecht. Three of Sembmarine’s

drillships will be operated by Odfell

and three by Seadrill. Petrobras

could also award two FPSO topsides

each to Keppel and Sembmarine,

potentially above US$750m (see our

20 Jul report).

Although operating margins for

Petrobras contracts are high

single-digit, we see upside from

efficiency as repeated units will be

delivered by 2017. LT margins

guided by Keppel are 10-12%. SMM

is more bullish, guiding 14-15%.

What You Should Do

Stay invested. We believe that

sizeable contracts can boost share

prices.

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06-Aug-2012 09:43

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

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ausgrp slow crawl to continue...

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06-Aug-2012 09:41

ST Engineering / ST Engg

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halted!

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03-Aug-2012 15:36

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

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an indicative PE to better reflect ausgrp's price with its peers would be ~10x...

if 36.5c equates to 6.6x PE... a 10x PE would be 55c

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03-Aug-2012 15:32

Cordlife / Cordlife gave life a new life s.

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time to ride the trend..

usually dip after initial IPO charge up..there's always a 2nd wave rally..

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03-Aug-2012 15:25

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

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ausgrp moved up 1c 2.8% on pretty decent vol 3m shares done..

hope this is the upward movement to propel the share to reflect a better price earnings ratio

as compared to Civmec

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03-Aug-2012 11:01

Medi Lifestyle / IEV

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this stock took a tumble..

once a high flying promising stock..

now after being raped n abused..it's down to half its value..

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03-Aug-2012 10:48

Seatrium / Sembmarine

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watch out for likely petrobras contract wins
Expect good news from
Petrobras
Management is confident of the final
award for the remaining five
drillships (about US$4bn) from Sete
Brasil in 2H12, together with two
FPSO topsides (more than US$750m)
from Petrobras. YTD, Sembmarine
has secured about S$3bn worth of
orders along with S$5.7bn backlog.
We keep our order forecast of

S$11.2bn for 2012 (Petrobras:

S$7.2bn, non-Petrobras: S$4bn).

DYODD gd luck!

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02-Aug-2012 10:43

StarHub / Starhub

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20x PE..wow..

have been seeing singtel also rising...

defensive stocks in play..seems like the shift to defensive stocks hence the price rally..

looking to short singtel n starhub ..getting too frothy for my liking

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02-Aug-2012 10:40

Zagro Asia / handon

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lelong sale by big shareholder ...releasing it to existing shareholders @ 15c a piece..

market price is 27c..

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02-Aug-2012 10:33

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

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Civmec's PE is getting higher and higher ...price now $1.205.. PE 71x according to bloomberg

Ausgrp PE is stagnant... at low 6x... price 35c...

one shows greed in play..the other shows neglected and undervalued gem.

gd luck dyodd..

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01-Aug-2012 10:07

Viking Offshore / VIKING OFFSHORE AND MARINE LTD

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maybe should switch to informatics which he bought into..

not really a shining star now...likely to crash as well once the big bully bear comes just like u posted

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01-Aug-2012 09:07

Keppel / keppel Corp

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gd to know that a famous fund is in this :)

CompanySubstantial Shareholder / DirectorFrom (%)To (%)
KEPPEL CORPORATION LIMITED BlackRock, Inc. 4.98 5.02

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30-Jul-2012 11:45

Luye Pharma / AsiaPharm Group

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Mark Mobius... the great man behind Templeton..

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