Latest Posts By ozone2002
- Supreme
About ozone2002
|
|
| 12-Aug-2009 09:05 |
Midas
/
Midas
 Go to Message
|
||
 x 0
 x 0
|
MIDAS vol looks good today..vested for a quick scalp 86c | ||
| Good Post Bad Post | |||
| 11-Aug-2009 21:54 |
SingTel
/
Singtel Bullish???
Go to Message
|
||
|
x 0
x 0
|
singtel exhibited a classic sell climax with and up bar on better vol than the previous trading day... looking good for an entry... |
||
| Good Post Bad Post | |||
| 11-Aug-2009 21:41 |
Golden Agri-Res
/
GoldenAgr
Go to Message
|
||
|
x 0
x 0
|
todays' vol is excessive! tomorrow the vol must be higher and price should exceed the high of today in order for the uptrend to continue.. if tmr is a down bar on pretty high vol..i'll think twice before speculating on this counter.. DYODD |
||
| Good Post Bad Post | |||
| 11-Aug-2009 16:35 |
Swiber
/
Swiber
Go to Message
|
||
|
x 0
x 0
|
97 baby!.. | ||
| Good Post Bad Post | |||
| 11-Aug-2009 14:20 |
DBS
/
DBS
Go to Message
|
||
|
x 0
x 0
|
dbs coming back with furore.. look @ the vol! |
||
| Good Post Bad Post | |||
| 11-Aug-2009 13:05 |
Genting Sing
/
GenSp starts to move up again
Go to Message
|
||
|
x 0
x 0
|
Genting Singapore - UK business on the mend, brighter prospects at RWS Genting Singapore (GENS SP) Not Rated Price/Tgt: S$0.815/NA Mkt Cap: US$5.46bn Daily: Vol 38.5m 1-Yr Hi/Lo: S$0.91/0.32 UK business on the mend, brighter prospects at RWS Analyst: Singapore Research Team Tel: research@uobkayhian.com Genting Singapore (GENS) reported a 2Q09 net loss of S$50.7m (-59% qoq; -2,925% yoy). The higher loss is mainly attributed to a write-off of bad debt (S$3.1m) and a reduction in property value of a property owned by a jointly controlled entity (808 Holding Pte Ltd) in London. Its share of the property value loss is valued at S$20.7m. Excluding these two items, the net loss would be S$26.9m, an improvement of S$5m as compared with previous quarter. The revenue was up 14% qoq (but down 3% yoy) contributed by higher drop (7% qoq) and better win percentage of 14.5% (vs 13.4% in 1Q09) at casinos in UK. Management has indicated that casino attendance has stabilized, particularly at provincial casinos. UK casino operations on the mend. UK casino operations registered an operating income of S$5.3m (before net foreign exchange gain/loss and interest expense) for 1H09, as compared a loss of S$7.4m in previous corresponding period. The improvement is largely attributed to measures put in place by management in streamlining and restructuring the business, which includes a reduction of 600 staff and stringent cost controls. Another S$675m drawndown. GENS has drawndown another S$675m from its S$4.b credit facility and bring the total drawndown amount of S$1.7b as at 30 Jun 09 to finance the construction of Resorts World Sentosa (RWS). Increase in pre-opening expenses. S$14.5m pre-opening expenses for RWS were incurred in 1H09, mainly associated with the acceleration of recruitment, training, sales and marketing programmes prior to RWS' opening. As at 30 Jun 09, about 400 personnel had been recruited for RWS' operations. Universal Studios Singapore (USS). Management guided that testing and commissioning of USS will commence in few weeks time, and that due diligence testing and safety of the rides is management's priority. Management will not rush these issues to achieve an earlier opening date. RWS' soft opening target remains unchanged at 1Q10, as indicated previously. Comments The 2Q09 results suggest that the adverse operating conditions in UK have stabilized, given the higher drop and stabilised attendance registered at UK casinos. For RWS, we expect pre-opening expenses to accelerate in 2H09. Going forward, GENS' prospects will be driven by continuous positive news flow from RWS, such as a possible earlier-than-expected opening of RWS (before the targeted 1Q10), further delay of Marina Bay Sands' opening, and a better regional economic outlook, which will drive Singapore's tourist arrivals. We are going to initiate coverage on this stock with a preliminarily target of S$0.95 per share based DCF valuation, which implies 2011 EV/EBITDA of 12.7x. Impacts on Genting. GENS' 1HFY09 loss is within our expectations. Our forecasts for Genting Berhad already imputes higher 2H09 pre-opening expenses incurred at RWS. Maintain BUY on Genting Berhad. Our target price of RM6.15 per share is under review. |
||
| Good Post Bad Post | |||
| 11-Aug-2009 13:02 |
Genting Sing
/
GenSp starts to move up again
Go to Message
|
||
|
x 0
x 0
|
just saw a report on genting..prob the catalyst for the move up.. | ||
| Good Post Bad Post | |||
| 11-Aug-2009 12:51 |
Indofood Agri
/
IndoAgri
Go to Message
|
||
|
x 0
x 0
|
0208 GMT [Dow Jones] STOCK CALL: Morgan Stanley starts Indofood Agri Resources (5JS.SG) at Overweight, sets S$.190 price target. Tips palm plantation company to be beneficiary of strong crude palm oil price trend as estimates every 10% change in CPO prices boosts earnings by 15%. Says CPO prices underpinned by supply constraints, low stock-usage ratio, El Nino weather effect. Adds, new sugar plantation business, which will begin contributing to earnings in FY10, adds further growth driver. "We are positive on the sugar business outlook as local competition is scarce, the economics is good, and there are downstream synergies to be reaped." Adds, valuation one of the cheapest of Asia plantation stocks under coverage, with shares trading on FY10 P/E of 8.5X and FY09-FY12 earnings CAGR expected at 28%. Shares +7.2% at S$1.63; STI +1.3%. (KIG)
|
||
| Good Post Bad Post | |||
| 11-Aug-2009 12:49 |
Swiber
/
Swiber
Go to Message
|
||
|
x 0
x 0
|
in anticipation for thurs results... | ||
| Good Post Bad Post | |||
| 11-Aug-2009 11:09 |
Others
/
Selling with little volume, what does it mean?
Go to Message
|
||
|
x 0
x 0
|
have u heard of a selling climax? big down bar on huge vol.. u must know who's on the selling end and buyin end.. usually is the weak holders sellin to the strong holders in times of panic... this is followed by an upbar should u expect the price to move further.. |
||
| Good Post Bad Post | |||
| 11-Aug-2009 09:37 |
Indofood Agri
/
IndoAgri
Go to Message
|
||
|
x 0
x 0
|
huge buy ups @ 1.6.. looks like the Bbs are in this.. |
||
| Good Post Bad Post | |||
| 11-Aug-2009 09:30 |
Swiber
/
Swiber
Go to Message
|
||
|
x 0
x 0
|
swiber rising from the dead.. |
||
| Good Post Bad Post | |||
| 10-Aug-2009 22:06 |
IPO
/
Mary Chia
Go to Message
|
||
|
x 0
x 0
|
likely to skip this one.. probably another Old Chang Kee.. |
||
| Good Post Bad Post | |||
| 10-Aug-2009 19:42 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||
|
x 1
x 0
|
Food for thought as everyone gets dizzy with bouts of good news.. Don?t Bet On A V-shaped Economy Recovery Are stock markets heading for a breather? Euphoria surrounding Asian equities have cooled down considerably over the past week, prompted by profit taking amid concerns that stock valuations ramped up too fast and are inconsistent with underlying earnings. More importantly, China’s intent to rein in the flood of new bank loans to the tune of Rmb7,370bn (more than twice the amount lent last year), many of which appear to be speculative in nature. Recently, Chinese regulators ordered banks to ensure the record number of new loans are funnelled into the real economy and not to inflate asset bubbles in the equity or real estate markets. Banks must now monitor how their loans are spent and that has temporarily stopped the red-hot Shanghai stock market in its track. Over in Europe, economic conditions are looking more promising but they are not out of the woods yet. German industrial production fell 0.1% as compared to an estimated increase of 0.5%. The UK economy has a smaller contraction for the second quarter but weaknesses persist in the financial and business services sector. The Bank of England?s decision to increase the size of its asset purchase program shows that the UK financial system is still suffering from deleveraging and a deluge of toxic assets. Compared to leading US financial institutions which are sheltered by the Federal Reserve, European banks have more dark days ahead. Don’t expect them to report blow-out earnings on the scale of Goldman Sachs. In fact, Royal Bank of Scotland just reported huge losses of 1.04 billion pounds, despite revenue increasing 58%. The loss was mainly due to an increase in bad debts to 7.5 billion pounds. Meanwhile, the European Central Bank has provided about $600 billion financing to the banking system as it foresee a credit crunch in the fall and may be taking advantage of a relatively calm period in the market to create a buffer against a possible funding shortfall. As for the US stock market, it closed on a high last week after rebounding from early weaknesses due to an optimistic report by the US Labor Department. Unemployment rate slipped lower to 9.4% from the forecast 9.6%. Nevertheless, jobless claims increased which means jobs remain scarce and businesses are not expanding as fast as the heady stock market suggests. The better than expected US jobs data is likely to reinforce the view that the economy is stabilizing after a generational financial crisis. Some economists have even suggested that the economy will rebound strongly in the third quarter, with a surge in vehicle production. However, any fledging recovery could still be threatened by strong economic headwinds. The latest Federal Reserve credit report revealed a drop for the fifth straight month. Banks’ restrictive lending, unemployment, stagnant wages and falling home values resulted in reluctance of households to borrow money for spending. With debt weary US consumers (which accounts for 70% US GDP), the US economy and export markets will not be in a hurry to rush into a V-shaped recovery even as the recession eases. It is hard to say if the US economy has recovered or just a mirage caused by Quantitative Easing but there is little doubt green shoots have come at the expense of the federal balance sheet which was compromised by unprecedented debts. The US government is determined to keep its financial system from failing, ease the credit cruch and prevent deflation. It has turned to printing money furiously which has tarnished much of the US dollar’s safe haven status. The massive money created out of thin air has caused consternation amongst foreign creditors and investors. Their lack of participation in US Treasury auctions will result in higher cost of borrowing (higher yields and lower prices of bonds), and that leaves the Fed with little choice but to monetize its own debt, with further dire implications on the US dollar. In the past, China depends heavily on US export market and has a keen interest to prevent its currency from appreciating. They do so by purchasing and propping the price of US denominated assets. But with America in doldrums, China has to implement its own stimulus package to offset the weak export market and maintain an 8% growth through public infrastructure spending, investment and consumer spending. As strong inflationary pressures build up, a stronger yuan may be a more useful weapon for the central bank. There is little incentive to continue bolstering the US dollar. As the US dollar is at risk of losing its function as a store of value, investors may consider a diversified approach to something as mundane as cash. Gold continues to be true money that cannot be printed and a prized asset for those who lose their confidence in fiat currencies. I believe gold is an important component in our portfolio mainly for insurance against inflation rather than capital gain. Stocks have got ahead of themselves and most coporate earnings are barely satisfactory. Investing in the stock market is skewed against retail investors and one has to be avoid excessive leverage to chase profits as market direction can turn on a dime. Retail investors are helpless against financial institutions equipped with state of the art technology and algorithms which allow them to see what cards market participants are playing in split seconds. This will allow the big banks to front run customers and skim profits from every trade. Goldman Sachs just brought criminal charges against one of their programmers for stealing a software program that allowed them to front-run their own customers. In their criminal complaint, they said the software would allow someone to manipulate the stock market. Now, isn’t this admission very disturbing? If you are considering cashing out your retirement nest, maxing out your margin account or taking out home equity loans to invest in the stock market, you could get burned very badly. There are other dark clouds over the horizon which do not square with the possibility of a V-shaped economic recovery. CIT, the troubled commerical lender that serves small and midsize retailers and manufacturers, is still struggling to survive and if it does file for bankruptcy, the impact on US businesses could be severe. Confidence could take a further hit as California IOUs don’t seem to be working very well. The state may have a budget now but any hopes of redeeming the IOUs is far away. Already, some contractors have sued California for paying in IOUs. Said William M. Audet, lawyer for the plaintiff, ?The state is forcing people to accept these pieces of paper and pay taxes on them. Small businesses are closing, and more will close by the time the state redeems these warrants.? Also, problems in the financial system remain hidden. Derivatives, all $600 trillion of them, show that there are far more debt in the world than assets to cover it. To reduce them into something more manageable could wreck havoc once again on financial markets. While derivatives are zero-sum games which does not benefit the economy in terms of tangible production, they do serve a purpose in risk management. Derivatives are necessary for businesses who need to hedge against risks like interest rates or foreign exchange losses but there are investors who indulge in such contracts for the purpose which can only be best described as gambling. Such investors play with money they don’t have and since most derivatives are written over the counter without checks and supervision, you have to depend on the good faith and credit of the counterparty which in some cases, contain some dubious risk profiles. It is clear that the unravelling of derivatives will have severe implications on the stock market but nobody seem interested in implementing a framework to safely regulate such activities. Maybe we should just wait for the whole thing to blow up before taking action. Another factor which will impact economic recovery is rising crude oil prices. As the global economy recovers, demand of crude oil will increase furiously even as supply is depleted irreversibly. Crude oil may face downward pressure as rumors surfaced that the Federal Trade Commission would impose fines on market abuse. This will prevent excess speculation but the fact remains that we are approaching or have passed peak oil. Market forces will drive oil prices up beyond the average consumers’ affordability levels and eat into the profits of businesses and discretionary income of consumers. As for residential properties, they are enjoying a new lease of life (long queues, blank checks and scruffles in show rooms), I doubt they are sustainable. The stimulatory effects and loose monetary policies have propped prices for properties but they are not accurate reflections of demand, affordability or a lack of good properties. In fact, the supply chain is strong as there are many deferred projects waiting to be launched. In conclusion, I am keeping my fingers crossed on a sustainable recovery in the economy. The rampant bullishness was able to cover some horrific earnings but the likelihood of another crash is quite high. In fact, I would not be surprised to see stocks drastically correct by October. |
||
| Good Post Bad Post | |||
| 09-Aug-2009 10:33 |
YZJ Shipbldg SGD
/
Cruising with the ship ..Yangzijiang
Go to Message
|
||
|
x 0
x 0
|
if u see the vol on the 6 Aug, don't u think the vol is excessive? I remember reading this book "Undeclared secrets that drive the stock market" by Tom Williams. It states that in the stock market there's always buyers and sellers agreeing on the price. If there's someone buying, there's someone selling, that's y there's a transaction. So in this case of YZJ, ask urself who's the buyer and who's the seller. In a bear market, when prices are falling, weak holders are selling their shares to the strong holders at low prices. In a bull market, when prices are rising, strong holders are selling their shares to weak holders. It's a classic case of buy low and sell high. As more n more good news comes out, the professional money will take this opportunity to dispose their holdings. It's just like u want to sell ur house, u rant and rave abt how good the location, facilities blah blah..which is "good news" so as to get a better price, same thing for a stock. So in the case of the stock, when the stock is overbought means that supply is excessive and prices will start to come down. When there's a correction, and the professional money feels that there's no more selling (supply is limited), they will come in again and scoup up these shares at low prices. Always take a step back n look at the forest rather than the trees. And remember the 80/20 rule. 80% of the population will make 20% of the money in the market. You want to be in that 20% population that makes 80% of the money in the market..so think like the professionals (20%) and do away with the herd (80%)! That's just my thoughts on trading in any markets. |
||
| Good Post Bad Post | |||
| 07-Aug-2009 15:50 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||
|
x 0
x 0
|
for those adventurous folks..can buy the index put warrant and pray that the US job data will be bad.. | ||
| Good Post Bad Post | |||
| 07-Aug-2009 15:44 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||
|
x 0
x 0
|
everyone's cautious abt the unemployment report out today from the US.. but us being ASIANS are more kiasu..so we selldown 1st..and wait for the report to be out.. |
||
| Good Post Bad Post | |||
| 07-Aug-2009 15:29 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||
|
x 0
x 0
|
bloody ndp | ||
| Good Post Bad Post | |||
| 07-Aug-2009 14:22 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||
|
x 0
x 0
|
nikkei from -ve to +ve STI to do likewise? |
||
| Good Post Bad Post | |||
| 07-Aug-2009 13:32 |
Yanlord Land
/
Lord of China Prop
Go to Message
|
||
|
x 0
x 0
|
definitely downtrend.. | ||
| Good Post Bad Post | |||
| First < Newer 5581-5600 of 7452 Older> Last |