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Jehovahnissi wake up
24/10/2014 15:06

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alex2012 First come good news


Than come bad news


Share price will react to which news le???
04/09/2014 09:02
GoRiLaz7028 seem like market has reacted to good news with placement shares (bad news) looking as positive aid to acquisition of asserts.
04/09/2014 10:37
alex2012 some more good news

12/09/2014 08:25
alex2012 Latest presentation

12/09/2014 08:43
alex2012 Looks like share placement to be completed in 7 days time...Will there be asset injection after share placement???

16/09/2014 19:28
vergenus http://klseelwavetrading.blogspot.com/2014/09/klse-index-ready-to-go-1966.html
Will klci go up or down?
how do you all think??
17/09/2014 21:41
albertlaw Always so impressive and promising but what shareholders want is profit/high growth-still in the red no profit to show but contimnue to place out more shares-dilution mah

Just found this write out:

Rex Int' l

Rex Int' l: ($0.615) Twin equity boost from prominent investors Alan Wang and Fidelity Shares of Rex International may get a boost after SGX filings showed that prominent investors Alan Wang and Fidelity Worldwide Investment (FIL) were the cornerstone investors in a recent share placement, leading them to become new substantial shareholders. Recall, Rex recently completed the placement of 168m new shares at $0.57 each. The net proceeds of $93.5m will be used to settle liabilities and working capital of Rex Technology Management (20%), for field development (60%) and to pursue existing and potential new business opportunities (20%). FIL picked up 70m placement shares, lifting its stake from 0.17% to 5.7%. Wang&rsquo s stake vaulted to 5.1% from 1.1%, after he took up 52m shares. Accordingly, parent Rex Commercial&rsquo s stake dropped to 44.1% from 50.9%, following the corporate action. The entry of two respected fund managers as substantial shareholders may lift sentiment in Rex&rsquo s shares. In particular Wang&rsquo s share transactions may be closely followed by some admirers. Wang is noted for his string of high-profile investments in stocks like HanKore, Memstar, Sarin, Sino Grandness, Asiatravel.com and UE E& C, all of which recorded significant share price outperformance subsequent his purchases. Rex trades at 2.5x proforma P/B.
25/09/2014 18:47
albertlaw well said

Be careful of such announcements

He is not helping retailers to make $$$

He is only enriching himslf and his team

Don;t be the last one to carry the baby

Most of Alan Wang stocks died..

Asiatravel fried to 50 cents and now 24/25

Hankore after being fried by Alan has been nicknamed Kankore

SinoGrandes....fired to high of 75 and now at 67
25/09/2014 19:20
alex2012 Chinese New Year Ang Pao is coming...

02/10/2014 18:54
alex2012 Rex has a website...come and have a look...

24/10/2014 14:27

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Peter Chen OCBC one of World's strongest bank
16/09/2013 16:34
sgx_swinger ocbc now 983 , may fall to hit 974 today to bounce
12/12/2013 08:12
sgx_swinger Dow juz dropped 130 pts last nite, so sg stocks will open gap down in the morning presenting some buying opportunities ,

for short term punting , sti got sppt at 3035 , ocbc got support at 974

for more details , see http://sgxswinger.blogspot.sg/
12/12/2013 08:13
sgx_swinger Hours into sgxswinger call, ocbc falls to 972 to bounce as predicted above, closing 980.

while sti fell to 3025 to bounce strong , closing 3059.

for more details , see http://sgxswinger.blogspot.sg/
13/12/2013 00:24
sayandquoteit year end bull is coming, yahoo. please also join us for US, Malaysia etc. markets http://www.i3investor.com/servlets/stk/3508.jsp
16/12/2013 08:43
Feler Sed Post removed. Why?
01/04/2014 17:06
Ced Prenner Post removed. Why?
22/04/2014 14:55
gyaphong any chance to issue rights?
02/06/2014 21:31
BHSL Rights Issue ? Could be. OCBC just restored their previously suspended scrip dividends, it is likely they need more equity to enhance Balance Sheet to accomodate Wing Hang purchase.
03/06/2014 10:12
jamestan2997 how come ocbc sec giving TP 7.26 for ocbc bank ?
24/10/2014 09:34

  11 people like this.
Peter Graham Lancashire Has anybody analysed the Short Selling Ratio and iits recent development?
Maybe there will be a "short squeeze'" should either Korea or Japan come up trumps.
Personally , having just read "The Birth of Korean Cool", I believe the chances that the Korean Government giving "thumbs up" in Q4 are better than 50 percent.
In my book,therefore,a trading Buy at 1.12 sgd. PGL(vested).
20/09/2014 15:49
sheen0630 Any good counter can buy in Singapore? ?
21/09/2014 10:18
pyramidpoh better invest in KLSM
23/09/2014 07:00
gray wow...going under 1?
26/09/2014 00:15
Sgx Day Traders If anyone is looking for Forex, Comex or Equity trading tips and recommendations, Visit and register @ www.cvmoney.com and get a call back from our executives.
30/09/2014 17:45
OMan Anyone believe in Genting?
15/10/2014 20:16
pyramidpoh drop again not much confident in Genting.
16/10/2014 09:57
BCB2 http://www.dicj.gov.mo/web/en/information/DadosEstat_mensal/2014/index.html

Casino stock drop bcos gaming revenue drop. Monitor gaming revenue to determine when is gd time to enter.
16/10/2014 12:15
Wow123 buy below 50 sen
22/10/2014 17:35
stockmarketmind Post removed. Why?
23/10/2014 18:00

Posted by stockmarketmind at Oct 23, 05:59 PM
Post removed.
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  23 people like this.
BumbleBee people tend to treat the mkt like a casino instead of a place to invest in a real business. The mkt correction we had is testimony to this - gambling and speculating. In the end we all suffer. Stock investing should be treated like a business ....... http://shareinvestormalaysia.com/treat-stock-investing-like-business/
22/08/2014 21:47
BumbleBee Every stock investor dream of making big money in the stock market. But only a few manage it. Are you clueless about stock investing? Get started with these essential tips at http://shareinvestormalaysia.com/clueless-stock-investing-get-started-essential-stock-investor-tips/
01/09/2014 21:55
MrWealthy4321 A stock pump and dump are used by unscrupulous people to make a lot of money in the stock market. Learn about their game and become a smarter investor at http://shareinvestormalaysia.com/stock-pump-and-dump-works/
14/09/2014 21:37
BumbleBee Legitimately promoting stocks is accepted, ethical, and if done right, profitable for everyone – investors and owners alike. However, an evil cousin of legitimate promoting is a stock pump and dump. Here are 10 ways to spot a stock pump and dump at http://shareinvestormalaysia.com/spot-stock-pump-dump/
20/09/2014 13:27
BumbleBee People often lose money in the stock market because they practice emotional investing. Become a more successful investor by learning to keep your emotion in check at http://shareinvestormalaysia.com/emotional-investing-reducing-stock-market-returns/
21/09/2014 23:12
BumbleBee Making money in the stock market isn't easy. Now, with stock pump and dump scams it could be much worse. Learn about the stocks the stock pumpers usually buy for the scam at http://shareinvestormalaysia.com/stocks-involved-stock-pump-and-dump-scams/ (Taken from Facebook - https://www.facebook.com/shareinvestormalaysia7)
28/09/2014 23:04
BumbleBee Trying to time the market isn't the right strategy to apply in the stock market. The sure way of winning is by investing long term and to get rich slowly. Read article at http://shareinvestormalaysia.com/get-rich-slowly-stock-market/
15/10/2014 23:45
gsyeo Hi Sir do you have an office in Singapore?
20/10/2014 11:50
BumbleBee Many people say they enjoy stock market day trading because they can make a lot of money from this. The flip side : they can also lose a lot of money if they do NOT know what they are doing! Read the article at http://shareinvestormalaysia.com/6-reasons-stock-market-day-trading-everyone/
23/10/2014 08:34
BumbleBee gsyeo, U mean me? Nope, I am a small time investor like you.
23/10/2014 08:35

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pnuklis very high gearing and with the oil prices low 80's the future seems bleak. High trading volumes dose not mean anything. When stocks like Pacific Radiance, Ezion, Swiber are struggling how will new players like this one become shining star?
22/10/2014 11:51

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Nallayak what price/
07/08/2014 12:51
ytoh1688 Dont forget Rowsley got a reputable architect with an international track record while R&F is mostly chinese hot bubble
12/08/2014 11:40
ytoh1688 that is why they need to razzle and dazzle with their advertisement
12/08/2014 11:41
fuetesene Post removed. Why?
12/08/2014 15:20
zenden what is rowsley doing?
16/08/2014 22:00
zenden why this stock can't go up as much as breadtalk or sheng shiong?
16/08/2014 22:01
albertlaw After Peter Lim got the $$$ he doesn't care $$$ in his pocket or in his stable of co...I sold at 0.38 and warrants at $0.11 ..bro concentrate on Innovalue got dividends soon and 1 for 1 bonus likley next year ..good profits for 1 H 2014
22/08/2014 09:46
gtms failure of iskandar!
18/09/2014 09:22
nomadmy The price keep dropping, now at lowest record. Thinking of cutting loss today. Anyone?
02/10/2014 10:37
albertlaw tarlene ( Date: 18-Feb-2014 20:45) Posted:

Biz tines feb 18...red flags raised in Johore ppty mkt...grand entrance of chiba base Country Garden Holdings with its surprise launch of 9000 apartments at one go....may impact the mkt there...9000 units in Danga bay alone. ..overbuilding in Iskandar would replicate the ghost towns in China

I voiced my concern in beginning of the year...Iskander can't make it..Ringgit dropping in long term against S$..residential flood of supply..rental yield will drop no capital appreciation..they trying to shore up with MRT...maybe the value of Rowsley lies in RSP architects..very hit a low of 4 cts
21/10/2014 13:31

  anthonylow likes this.
skye15 Can pick up some counters now since there is good news for oil found? How risky is this counter? OSK recommended BUY. Any advice?
20/11/2013 09:08
inphyy dead cat bounce?
20/11/2013 12:22
ticktock commenced drilling of the Koi-2 appraisal well (“Koi-2”) on 29 November 2013 using the Bohai-8 jack- up rig in the offshore area of the Salawati Kepala Burung PSC (“Island PSC”), West Papua, Indonesia.
It is anticipated that drilling of the well will take approximately 21 days. results soon? Positive or negative?
17/12/2013 11:00
ticktock good news???
18/12/2013 17:06
adc38 still no news update
11/01/2014 14:59
tch1006 something brewing?
21/03/2014 16:03
dicklinglk Hear nothing as yet ..... TP is 1.38 ???
21/03/2014 19:25
Frant Denner Post removed. Why?
04/04/2014 16:47
Ced Prenner Post removed. Why?
22/04/2014 14:52
In Good news got approval to start drilling in China
16/10/2014 20:28

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passerby like like like too the max ! debt = 0

now need to find fresh fund for this ctr already starting next week....

arigato gozaimas Pang
10/08/2014 11:35
fuetesene Post removed. Why?
12/08/2014 15:23
0549617 Is that any news or reason
to push up the shares price?
14/08/2014 14:16
passerby wah.....you are here to fry stock? no la, no reason to push or fry la....only reason is the fundamental of the company...you check the data of this counter with ft.com, you will see some impressive numbers...

fundamental.....no pushing or frying...
14/08/2014 14:26
passerby if wanna invest :-

1) identify a good fundamental company. There are a few parameters to gauge whether a company is a good company or not.

2) determine the fair value of the company using the some available methods. if too lazy, just read the IBs report or coverage. Establish entry price using some safety of margin.

3) establish exit point once the price run ahead of the fundamental.

the above require discipline.

if punt or fry purpose....u see where the crowd go...u just join in, chances to make money or lose money are almost equal but most of the time the retail investors will lose out to the professional operators....hence, fry less & push less, sleep well at night
14/08/2014 14:36
albertlaw Pang S.T..OCBC,Philip (T.P 60cts) AM Fraser (67cts) DBS (72cts) in fact b4 xd Valuetronics touched 59cts ..first qtr esults out dividends will be payable 15 Aug..nothing to expect except maybe next year..likley will drop to,50cts

It was artifically pushed up on AGM 22 July from 49-59cts within 3 days b4 it went ex on 25 July I believe will drop tp 45-50cts level
14/08/2014 17:41
albertlaw belive 40cts can buy,...last few sharp drop it ended 38-39.5cts..Doji formed but still never breakdown..can accumulate slowly
13/10/2014 11:53
0665hock now how???
14/10/2014 14:27
Angel_Investor What happen? How come such a cash rich company's share price oversold in 2 days!
14/10/2014 21:08
albertlaw AmFraser: Valuetronics Holdings Ltd: Shedding light on deep value (Maintain BUY, FV: S$0.69)

Dutch MNC is separating out the lighting division, not shutting it down. We think the sell-down on this weeks-old piece of news, was totally unwarranted. The sale of LED light bulbs is not the core revenue generator for this MNC. In fact, Lumileds made up only 5% of their lighting revenue in 2013. We therefore do not believe that the decision to spin-off the weaker lighting division came just from headwinds in LED sales. It also certainly does not mean that lighting will be left out to hang dry. In truth, no one knows what big MNC’s plans are and we believe it would be more prudent for investors to assume the status quo than take a wild stab at what might or might not happen, and make worst case scenario assumptions.
Unlikely to do unprofitable business.There were also views that suggest that VALUE will continue to produce for big MNC even when its gross margins are halved or turn negative. We understand that the culture at VALUE is very profitability centric (superior net margins and them walking away from the licensing business). We find it hard to believe that Valuetronics would continue to do business with big MNC under such onerous terms.
CE’s headwinds already a well known fact. The headwinds for the CE business (-11% yoy in 1Q3/15) is a true area of concern; this was a well known fact that was highlighted post 1Q3/15 results. Our assumed CE revenue growth of 4% yoy looks high, but we have also underestimated, the higher margin, ICE growth rate (+36% yoy in 1Q3/15 vs. Amfraser’s estimated growth rate of 16%). As a result we believe both effects will even out at the bottom-line level. With a lower contribution mix from CE, we believe VALUE looks an even better proposition now, with much lower concentration risk.
Standing firm on our call. As 2Q3/15 results will be out in a couple of weeks, we make no changes to our current estimates, BUY rating and S$0.69 target. As of 1Q3/15 Valuetronics had cash of HKD441m or 19 Scts of cash per share with no debt and dividend yield of 9%. Cash level could fall over the next few quarters as Valuetronics spends on capex. Trading at 4.5x FY15F P/E, this stock looks extremely attractive in our opinion and this sell-down presents a very good chance for investors to buy.
16/10/2014 15:37

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Julie O'Connor I would like to understand why Henderson Marine Base Pty Ltd aka Strategic Marine Pty Ltd are only divesting the assets of the Company and not selling the shares in the parent Company who own these assets? What will shareholders be left holding shares in? Are the Directors/Major shareholders going to be employed in the new entity?
16/10/2014 13:00

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pnuklis with the current situation about deep water oil & gas activity, Keppel and Sembmarine do not look good at all. If oil price drops below $80, we might be able to pick up this stock around $7.00
11/10/2014 18:09
ixus I think you have to wait quite long to get at $7. in the meantime, buy and collect dividends…

14/10/2014 13:45

Posted by zhetrin at Oct 10, 10:08 AM
  kvmohniru likes this.
kilbertver The way I see it people need to take life into their own hands now days, you can do that by learning how to trade the markets. I've been learning to the website Emini S&P Trading Secret they have excellent videos and I just got their deal they are running and I'm very happy with their course material. The instructor is a very knowledgeable trader. I've been doing really well so far and my goal is within one month to quit my job and I believe I can do it.
10/10/2014 14:00
zhetrin hi killbertver,

thanks for your reply and suggestions. But currently I am looking more for property investment. A bit crazy but my family is quite superstitious about investment types, which type you should go and locations and stuffs so since they had suggested for me to do properties, I am looking towards that sector. :).
20/10/2014 15:18

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inphyy Thai billionaire Charoen Sirivadhanabhakdi is looking to raise at least US$500 million ($640 million) by listing a hospitality trust in Singapore next year to help refinance some of the debt that his companies took on to win control of Fraser and Neave (F&N), people with knowledge of the matter said.

REIT....A big welcome! Me will involve? No thanks! after the recently listed SPH REIT, OUE Hospitality Trust and Soilbuild Business Space REIT. Me keep myself a yard distance (✿◠‿◠)
26/08/2013 20:20
kongim61 F&N Price took a beating by dropping 15% off since Jan 2, 2014.
On a annualised basis (sum of last 4 Quarter results , shows 5.7% growth rate.
The price is now all time 3 years low since beginning 2012.
All its peer like Dlady, Nestle, shows stable results.
Last 3 Quarters results shows little negative growth in net profits.
Be informed from a period of 27th Aug 2014 to 26 Sept 2014, Amanah Raya Trustte Bhd - Amanah Saham Bumiputrad has acquired 400, 000 units of F&N and disposed 100,000 units in 10 Oct 2014.
Big Fish are playing with the price.
Do not get caught.
16/10/2014 16:22
kongim61 This is my comments on F&N Malaysia.
16/10/2014 16:25

  2 people like this.
Muhammad Yazid Come on nam cheong its time to shine. Just bought 19 lots for it
22/05/2014 16:38
Vivian Tiong Nc 0.47 now. Up up up! Well done.
17/07/2014 13:33
0549617 What price is good entry?
27/07/2014 13:42
Francis Oh Hi, at this time 11/8/14..any idea what is the good rate to enter this stock? Thanks
10/08/2014 22:29
sincere Francis Oh: It is akin to asking Singapore Pools what are the lucky numbers (for Toto, 4D, Big Sweep) next week and the after... The risk/reward ratio is even better than this stock!
11/08/2014 13:21
fuetesene Post removed. Why?
12/08/2014 15:25
passerby the last posting before you was an advertisement message. It was left in the forum intentionally :)
13/08/2014 13:33
Surreyian Why does it drop from $4 ( in 2010 oct ) to $0.10 in 2011. Anyone knows?
12/09/2014 04:32
yuetjia0529 Surreyian, because of reverse takeover of a company
17/10/2014 11:00
yuetjia0529 trading halt now, expecting good news
17/10/2014 11:00

  WinWinWin likes this.
charles pang kah keet TRY TO BUY IN AT 0:45SEN, HOPE WILL GO SOMEMORE.
17/09/2012 22:21
GTMSH anyone?
29/11/2012 13:57
garfield282004 wait for the right issue 1 for 4, i'll see this stock for long term investment.
18/01/2013 10:36
one688easy UPP the same....
18/01/2013 11:50
gerard_tee when will be the right issue?
23/01/2013 11:04
garfield282004 what happen today.. suddenly up like hell
23/01/2013 18:33

04/12/2013 20:16
dusti Designed as a conglomerate, but will the Myanmar market grow fast enough ? Their most productive manpower is probably all over SE Asia.
28/04/2014 15:49

  2 people like this.
khenghong Hope to see improvement.
10/09/2014 14:04
anthonylow coming soon
07/10/2014 06:40
khenghong Didn't notice it raise back. Good to see more good news.
11/10/2014 23:32

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alexyap good stock for long term. Consistent DY and good capital gain.
08/11/2013 14:20
Trade Zignals instead of buying stocks and keep..best way is to also do trading using free signals.http://freestockbuyandsellsignals.blogspot.com/
15/11/2013 09:40
inphyy Ezion Holdings net profit more than doubles to $36.3m

Delivers "steady" performance in 3Q13.

According to PhillipCapital, Ezion Holdings (Ezion) delivered steady net profit in 3Q13, excluding exceptional items, of $36.3m, which was 130.2% higher than 3Q12 and 5.9% higher than the previous 2Q13.

With management is expecting 3 vessels to be deployed in 4Q13 -- 1 unit in Caspian Sea, 1 in South Asia and 1 in Arabian Gulf -- the research firm predicts earnings momentum should continue into FY14E, with a 61% increase in earnings from FY13E. But as 3Q13 net gearing rose to 1.05x from 1.01x in 2Q13 (0.83x in 1Q13), PhillipCapital said Ezion could slow down its rate of project wins in an effort to control its gearing levels.

"We expect net gearing to hit 1.1x by end-FY13E, before easing to 0.8x in FY14E on improve free cash flow generation from more vessels contribution," said PhillipCapital. But the research firm raised its FY13E/14E earnings forecast for Ezion to factor in new contracts, higher margins and updated SEUs deployment schedule.
18/11/2013 14:45
Peter Graham Lancashire Great growth Story, but what about cash flow and free cash flow which require new capital either more debt or issue new shares? Alao nil dividend policy does not suit all institutional investors. PGL
19/11/2013 16:47
Feler Sed Post removed. Why?
01/04/2014 17:08
Frant Denner Post removed. Why?
04/04/2014 16:43
alexyap trading halt? any idea?
09/04/2014 08:51
Ced Prenner Post removed. Why?
22/04/2014 14:43
pnuklis Holding on strong. Don't feel comfortable with all the action regarding dilution of shares, jk buy ans Ausgroup cooperation. May be I am wrong
23/04/2014 12:10
pnuklis Ezion has too much action like JK Tech, Ausgroup and dilution of shares all at the same time and not sure how it benefits or slows down. Too risky till every thing settles down and if it continues to win orders!
27/04/2014 10:12

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Nallayak Saudi firm money coming
07/10/2013 20:20
Frant Denner Post removed. Why?
04/04/2014 17:14
Frant Denner Post removed. Why?
04/04/2014 17:14

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ticktock another casualty........sigh!!
07/10/2013 09:54
inphyy morning average down....
07/10/2013 12:08
ticktock Mosquito oil field..........puny few hundred barrels at best? how to justify buying even here? look at the options price granted....0.10 or is 0.12?
07/10/2013 15:40
inphyy hmmm.....out of the woods yet? Closing bell 0.32
08/10/2013 17:09
inphyy Already average twice all the way down to 20cts plus. Me just put aside.
17/10/2013 16:44
inphyy Slow and steady.....
01/11/2013 16:19
ticktock Time to take a position?
20/12/2013 13:49
inphyy hmmm...0.194 +0.027 up for day 2
20/01/2014 10:29
0665hock many of them kena jia lat jia lat
29/06/2014 22:04
0665hock 0.175 soon...
29/06/2014 22:06

Posted by albertlaw at Jul 31, 02:03 PM
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albertlaw Up with high vol 5.9mil done..good sign I am confident of Innovalue heading even higher.Used to buy at $1.18 in 2007 and sold off at about $1.60

CEO buy up at 0.25.

Assuming 0.006C x 2 (twice a year dividend) 0.012 at current prices - say 0.3 - still a 4% dividend stock.

Year end results expected to be good. Volume picking up. I would say this stock got super potential still.

Called to buy since 0.225
08/09/2014 16:51
albertlaw Went in again at 29cts on Mon 8 Sept...worth the punt?

wow everyday just push up 1 cts is enough
09/09/2014 09:16
albertlaw Innovalues: AmFraser initaites coverage with Buy call and TP $0.465. The house notes that The automotve market in China and US has rebounded and been growing steadily after the global financial crisis and are expected to continue growing. Notwithstanding new customer acquisitions, a recovery in the European automotive market and the recent M&A conducted by its exisitng key customers will also add a further boost to Innovalues in the coming years.

Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about $1m was spent by these directors to acquire 4.7m shares (ave. price of $0.22) from the open market.

Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformation in sector focus, renewed balance sheet strength and higher prospective dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of $0.465.
09/09/2014 10:33
albertlaw I nitiate buy call even earlier than AM Fraser..my call to buy was when it was 22cts in mid August

Booming automove market. The automove market in China and US has rebounded and been growing steadily aer the global fi nancial crisis and are expected to connue growing. Notwithstanding new customer acquisions, a recovery in the European automove market and the recent M& A acvies conducted by its exisng key customers will also add a further boost to

Innovalues in the coming years.

Strong boom‐ line growth through margin expansion. Although we are conservavely expecng revenue to grow at about 7% over the next 3 years, its resultant earnings is expected to grow at 3‐ yr CAGR of 38% between FY13‐ FY16F through margin expansion.

Higher dividends post balance sheet clean‐ up. Innovalues has been progressively paying down its debt over the last 6 years, and has just turned net cash in 2Q14. Along with its strong FCF, the company is now in a posion to increase dividends. We expect total dividends for FY14 to be increased to 1.7 Scts (5.7% yield) vs. 1.2 Scts in FY13 and FY12, and connue to grow going forward.

Posive insider acvity. Recently, its directors, including Chairman/CEO Mr. Goh Leng Tse, have been buying up shares from the open market. Over the last 2 months, about S$1m was spent by these directors to acquire 4.7m shares (ave. price of S$0.22) from the open market.

Clearly undervalued. Innovalues is currently trading at 7.2x FY14F P/E with an expected CAGR of 38% for the next three years. Given its growth prospects, its high ROE, its transformaon in sector focus, renewed balance sheet strength and higher prospecve dividends, we believe it would be undemanding to value Innovalues at 10x FY15F P/E, which translates to a target price of

09/09/2014 18:43
albertlaw buy only if can hold not for contra..downside limited as directors gold bought 1 mil at $0.25 and various directors also bought and convert rights/warrants/loan stocks from 15cts -22cts.. Innovalue dropped from 70cts ex bonus in the past from $1.47-$1.60 ..it has probably bottomed last few years from 10-15cts

18-May-2007 11:50 User is Offline About happyday Contact Quote!
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Alert Admin told by my broker there was 55 lot buying in at 80.5 cents,now I know why this counter was artifically push up above its theoretical ex all price of about 73 cents to punish the short sellers when counter went ex all on may 14.Probably will come down soon as the large overhang of bonus issue is on the way(1 for 1).In 2004,co also declared same bonus ratio issue.those holding till now has made tremendous gain
Rate This Post: Useful To Me Not Useful To Me
17-May-2007 13:45 User is Offline About happyday Contact Quote!
x 0
x 0

Alert Admin innovalue traded xall on 16 may 1 for 1 bonus and 2% dividend and yet it is still above its theoretical price after going ex all.Base on 11 may last traded price $1.47 it should trade below $0.73 and with its generous bonus issue coming on the way,there will be a supply overhang and yet the counter shot up to $0.83 on 17 may..Baffling,defying gravity.Eg unisteel after going ex bonus its price down from $2,78 to $2,28 and singapura finance also ex all price of $1.9 to its current price $1,62.Why is this innovalue so special?or is this ex all price artifically supported?
10/09/2014 10:01
albertlaw uckie wrote:
it's pushing.. but how long can this last.. no one knows.
As long as the senior management of the company is vested, I think it will last.
10/09/2014 13:56
albertlaw close at 32 cts on 11 Sept 2014
11/09/2014 19:21
albertlaw MayBank-KE Research

Innovalues (IP SP): Positive post-NDR outlook Buy TP SGD0.52
Twelve investors attended our NDR with Innovalues, in which management displayed confidence in their outlook.

3Q14 results will be strong indicator of this outlook. Maintain BUY with TP of SGD0.52 (10x FY15E P/E).

Recent direct qualification by two major automakers will push Innovalues into the big leagues.
30/09/2014 14:47
albertlaw Today's morning was hovering 33.5-34cts..close at 35-35.5 ended at 35cts ..looks more upside
30/09/2014 19:15
alibaba13131 is anybody know who's their automotive customer?
06/10/2014 10:55

  0436823 likes this.
In TP 0.73 why drop again
04/10/2014 17:34

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Jehovahnissi God bless this counter
04/10/2014 08:16

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Sgx Day Traders Our ‪#‎Comex‬ and ‪#‎Forex‬ signals stil outbeat the market with our Technical stock picks based on momentum trading. Sign up here: www.cvmoney.com
03/10/2014 18:12

  Jimmy Kang likes this.
inphyy There is an ocean in the sky,me bought a ticket take a look.
01/10/2013 15:20
inphyy hmmm...have to babysitting for a while.
03/10/2013 19:17
inphyy Today no plan to average down....
07/10/2013 12:09
inphyy Still...waiting for PT
12/10/2013 11:57
inphyy hmmm...everytime 0.31 pull back. Heee.... same price me bought. When can PT ?
17/10/2013 16:40
albertlaw Ezion going to buy a stakes in Ocean Sky and Ezion already has a stake in YHM
17/10/2013 17:36
inphyy Today clear this.
23/10/2013 17:01
CNP This share seems to be struggling for new investments
07/10/2014 23:52

  lamlam likes this.
lamlam hmi worth to invest?
03/04/2013 16:13
lamlam this counter drop more then up! don't buy this counter
06/06/2013 16:03
lamlam Just up a lit bit, now dropping trend. Will back to 0.12 soon.. worse counter
04/12/2013 10:59
selamba buy2222
08/10/2014 19:29

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anthonylow up more baby.
07/10/2014 06:39

  2 people like this.
BoomB Something big is gonna happen to this counter...can keep
15/11/2013 21:38
anthonylow Still Nothing Happen??????
26/08/2014 12:50
k2739197 max 2000
17/09/2014 14:51
anthonylow no.use.
07/10/2014 06:41

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genesis Yuuzoo good stream of positive news .... bright future, strong growth/yield/TP ?
02/10/2014 10:05

  4 people like this.
ticktock hv to agree with Marubozu's chart point of 52.5.......put a buy there......good luck....
30/09/2013 10:56
nightshade marubozu?? i see no morubozu here
30/09/2013 16:09
ticktock go to market blogs thread sunday 29th sept....there u will see a technical chart posting....courtesy of marabou
30/09/2013 16:47
ticktock courtesy of marubozu.....
30/09/2013 16:49
nightshade thanks, saw that now
30/09/2013 17:30
inphyy THBEV - Response to Standard & Poors Report

03/12/2013 23:37
soungsoung what is the support for this stock? 0.44?
11/12/2013 14:10
Frant Denner Post removed. Why?
04/04/2014 17:15
epicresearchSg Today SGX‬ Stock Live Recommendation at 09.05 AM

✔ BUY THAI BEVERAGE ABOVE 0.740 TG 0.755, 0.775, 0.805 SL 0.715
11/09/2014 13:07
flex888 Target prices will stand on 0.90
30/09/2014 23:34

Posted by Sgx Day Traders at Sep 30, 06:49 PM
  Be the first to like this.

  Jordain Tay likes this.
ashokarugi where can get form and is it on line?
02/08/2012 08:12
Sgx Day Traders Get stock market news reports, tips and recommendations from www.cvmoney.com
30/09/2014 17:42

  4 people like this.
Edward Lee Nice to meet you too. No, I never post anything, just give some comments and opinions here. Ya quite a lot Msians using i3 for discussion, but I think most of them are short term trader rather than value investor.
03/01/2013 22:23
Alex Gray Hello to all!!! Get intra-day and positional stock tips as well as forex and commodity tips at http://goo.gl/GCG76y.. Take a 7 days free trial and watch the result of our recommendation.
26/08/2013 15:59
Peter Chen Corporate Princess 5 : Kuok Hui Kwong & Robert Kuok succession planning
企业公主系列5 : 郭鹤年女儿郭惠光及新人事部署

30/08/2013 14:22
Peter Chen Robert Kuok succession planning crisis 2
23/09/2013 10:46
Peter Chen What happen in 2013
06/01/2014 12:50
alex2012 Wilmar go...go...go...
19/02/2014 09:20
michelle zheng Singapore's Wilmar Intl. Gains On Shree Renuka Offer
21/02/2014 17:18
alex2012 If El Nino strike, Wilmar share price will be double...
22/02/2014 09:15
Ced Prenner Post removed. Why?
22/04/2014 14:49
KiasiPu 3.07, should buy or run??
30/09/2014 10:19

  Fhyp5328 likes this.
clarence_yeo2003 exercise caution long on osim
05/02/2014 10:59
sykn Agreed. Its really good track record has only been the last 2 FY, which is not very long. I am vested a little bit, but going long, in case it's a dark horse, although this dark horse is now very popular and not so dark anymore.
07/02/2014 14:07
pnuklis Good stock stock and strong fundamentals, low gearing and good consolidation of business by getting rid of the American part and buying TWG tea.
09/02/2014 16:38
Frant Denner Post removed. Why?
04/04/2014 16:44
pnuklis Osim shares are scrueeeeeeeeeeeed today
18/06/2014 19:51
Yauboon 2nd quarter profit up another 13%
31/07/2014 20:28
pnuklis holding on nice and firm
04/08/2014 19:45
reverrrrrr Post removed. Why?
05/08/2014 16:00
pnuklis With so much cash in hand what is Ron Sim up to? Will b interesting to watch who takes up the zero bonds? The market has hammered them for that and this move was not necessary.
30/08/2014 08:06
genesis osim keeps dropping these wks, what's happening? kinda scary despite i am vested small/long
29/09/2014 10:09

Posted by limayden at Sep 28, 09:44 PM
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khor hai chuai Why this share didn't break through $0.40 for few weeks ? Can any experts explain it ?
25/09/2014 20:17

  2 people like this.
Revier Thomas Post removed. Why?
08/04/2014 15:40
jiunngio why everybody keep saying RM ? SGD !!
10/04/2014 16:11
Ced Prenner Post removed. Why?
22/04/2014 14:48
lsngee Vard posts 51% fall in 1Q earnings to $19.3 mil
29/04/2014 21:53
lsngee Vard Holdings Limited reported on Tuesday weaker earnings for the first quarter ended March 31, 2014 on higher salaries and related costs.

Singapore-listed Vard's Q1 net profit tumbles.
29/04/2014 21:54
lsngee OCBC target price at $0.84 SELL.
29/04/2014 21:55
631733 How about Rex
04/06/2014 21:43
pnuklis Vard new order came on a wrong day when STI struggled.
11/06/2014 17:33
Jincheng OCBC analyst== anal+yst....Really bullshit!!!
25/09/2014 15:41
benson911 Luckily sold all alr at Rm1
25/09/2014 16:09

  tianho likes this.
Tan Bk too sad
17/02/2014 13:42
Ced Prenner Post removed. Why?
22/04/2014 14:51
tanventure Any ideas on why suddenly drop 0.05 despite good Q1 results, low PE and good yield 4.7?
09/05/2014 12:26
ultraman xd lah,if you worry sell you share to me.im waiting 1.00
09/05/2014 14:16
tanventure I see, thks
09/05/2014 16:55
dicklinglk 1.00 is good entry.
09/05/2014 19:18
Jincheng OCBC analyst== anal+yst....Really bullshitting
25/09/2014 15:50

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aikinlai anyone would like to comment this counter?
first, enlarge the capital base to 28B share by raising sgd400m,
now share consolidation 100 to 1.
what happen after consolidation? share to fall back 1 sen &
more small shareholder get trap
25/09/2014 13:03

  4 people like this.
scimitar Stock price is not always talking about good FA or in right industry. It is more than this. It is depends on the people buying and selling.. Most of it depend on who are the BB backing up the price or dumping the stock! It will continue to drop until it reach a good price for the BB to come in to stir the price up...
07/11/2012 01:42
inphyy Me only give support at 0.89
04/11/2013 11:26
inphyy Hehe.....bought some at 0.88
04/11/2013 14:28
kenting missed it at 0.86.
now at 0.9 - good price to enter?
04/11/2013 16:37
inphyy Miss...still have tomorrow. Chart bottom, worry is weak market
04/11/2013 16:55
kenting inphyy - appreciate that :)
04/11/2013 17:03
inphyy Chart....3 support prices 0.89, 0.845, 0.825
05/11/2013 00:39
inphyy 52wk Range: 0.82 - 1.42

Hmmm...dont think will fall below 52 wk low
05/11/2013 00:46
ed88ks http://www.theedgesingapore.com/component/search/?searchword=Biosensors+Internati&searchphrase=all&areas[0]=jtags
23/05/2014 15:54
houdi Biosensor's report for Quarter ended 30/6/14 gave NAV of US$ 0.7578 (~S$0.9)/share. At the current price of 0.69, the counter is undervalued.
22/09/2014 12:12

  foresight likes this.
foresight recent low is on 25June at 2.07 and quickly found support at 2.2...today the support is broken (low 2.16) with good volume. See end of the day whether can close above 2.2
20/08/2013 11:25
foresight bull and bear..who will win? low 2.15
20/08/2013 13:47
Alex Gray This time is very risky for trading. Market is very fluctuate. so trade with risk free recommendations of http://goo.gl/JtKiBu.
20/08/2013 17:58
limSofiya Post removed. Why?
15/04/2014 20:38

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YDPChairman One of the very few S chips which have been paying regular dividend s. Based on projected earning of 7c and 2-3 c dividend, could be bargain of the year.
17/09/2014 18:13
ed88ks HOLD!!! TARGET AT 0.70!
19/09/2014 11:31

Posted by Jimmy Song at Sep 17, 06:26 PM
  anthonylow likes this.

  2 people like this.
jceducationsg I just bought this REIT and looking forward to collecting dividends from this REIT... with High yield and low price-to-book ratio...

29/12/2011 20:52
Siew Jian Bin I also kept this share, but the rupee is down VS SGD, haiz... Anyway, the gearing is less than 10%, shd have room to grow!
24/07/2012 22:21
wangzhongpeng I also keep this share and waiting the price go down , want to buy some more shares.
26/07/2012 08:28
Jian Bin Siew Tomorrow the result will out, hope that the earning can increase to SGD0.008.
01/08/2012 21:42
Jian Bin Siew I think now is the good time to collect Lippomall at Sgd0.465.
13/06/2013 23:47
sengchai Does anyone see the short sell movement in INNOPAC. N CNA
10/07/2013 10:13
Fong Kh http://www.reitsweek.com/2013/12/china-tycoon-purchases-193-million.html
03/12/2013 10:15
epicresearchSg Facebook Inc. and Apple Inc. Microsoft MSFT -0.13% rallied 1.3%, the best performer on the Dow Jones Industrial Average DJIA -0.48% , which was up 47 points.
03/12/2013 20:28
Fong Kh http://infopub.sgx.com/FileOpen/Press_Release_revised_613pm.ashx?App=Announcement&FileID=295464
27/06/2014 12:58
Fong Kh "Lippo Malls Indonesia Retail Trust (SGX: D5IU), a real estate investment trust focused on Indonesia-based retail properties, proposed a new acquisition.
In the announcement, the trust also recommended that the purchase be partially funded by an equity fund raising exercise which might potentially dilute existing unit-holders’ stake in the trust by up to 12%. Given the extent of dilution, does this acquisition make sense for unit-holders?"
17/09/2014 10:03

  Khair Muhammad likes this.
easyloanoffer Post removed. Why?
13/09/2014 14:25

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lsngee Midas Holdings Limited's subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won RMB146 million worth of contracts for high-speed train car body components from CNR Changchun Railway Vehicle Co., Ltd. For the latest contracts, Jilin Midas will supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains that will operate at speeds up to 350km/hr. Slated for delivery in 2014, these contracts are expected to contribute positively to Midas' financial performance for the financial year ending December 31, 2014...
29/04/2014 21:59
BHSL The news apparently has no impact on share price.
02/05/2014 08:45
dicklinglk Probably need to secure another major rail project.

Uptrend is expected soon.
04/05/2014 23:11
ekomuwa BBs suppressing price....descending triangle forming with resistance at 0.445 ~ 0.450, support at 0.425, may go down to test 0.425 before rebounce...do your own study first before acion....
23/07/2014 08:27
GoRiLaz7028 Put aside the BBs....
Let's look into the FA again... any expert can offer a summary ? In particular:

1) Is it in long term debt or suffering any now?
2) Is it cash rich?
3) What is or any book order for the next 3~5 years?
4) What is the growth potential NOW?
5) Any other current risk factors?

Think need to satisfy above then worry about TA next for the best entry or exit point...
24/07/2014 10:43
ekomuwa In http://www.midas.com.sg/ir/index.html can provide answer 1) to 4), but you will need to read carefully and between the lines. Please help extract the info and share here if you have times. Let us see what happen when we go down the time tunnel....in TA, price discount everything....no 5) risk factor? yes, big players can play OUT small players, this is the fact, so go along with them not against them.
25/07/2014 07:19
ekomuwa The descending triangle formed and was broken down. Now heading south towards 0.38 cts. May test 0.35 or even 0.28 before rebound. Do our due diligence before taking up position to invest/trade.
22/08/2014 21:21
Jincheng It is really a mistake to invest in this stock. "Midas"="买的死”
25/08/2014 10:13
ft80 i have just bought last friday...:(
25/08/2014 10:27
ekomuwa If you use CFD to short, you are laughing all the way to the bank.................in either side, be on the right side.......
27/08/2014 07:52

Posted by stockmarketmindgames at Sep 12, 11:26 AM
Post removed.
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inphyy Hmmmm...oil and gas exploration firm Interra Resources outperformed the market after announcing a deal to acquire an oil field in Indonesia’s South Sumatra.

OMG! Still trade in this price range? Sometime ago me hop ship due to pitiful Trading Volume regardless good news dig here and there for black gold
04/09/2013 19:28
dusti Price should be 55cents at least for this good performing company. Maybe not many investors know about it
23/04/2014 09:31
ahlek888 dust what's your valuation based on?
11/05/2014 22:30
dusti Hi ahlek888, IR is very much below the radar of analysts and investors and price is drifting nowhere. I took an average of a few analysts' TPs but one has recently upped to 69. Not surprising as recently two digs were confirmed oil producers. Check IR at shareinvestor.com for their achievement of producing wells in 2013 and 2014. Of course, there are many questions to ask, but I'm contented to being in a good place. Only hope price will be more realistic. Buy some and wait for the good news to hit the fan. Good luck!
12/05/2014 11:18
ahlek888 wow, this counter hasn't been moving much at all in the right direction. is that why the management is sweetening the deal by offering free warrants? but even that is taking quite a while to come into action. what are your thoughts?
12/07/2014 23:22
dusti Hi ahlek888. Have been puzzled on what is happening to IR and wondering I should take damage control measures. A couple of interesting news were released recently.....on5/9 the long awaited details of bonus issue/capitalisation issue (which I have asked my remiser to interprete) and on8/9 the announcement of a oil producer at 2000bopd, the best ever achieved by IR. Share price has improved from a scary 29.5 to 33 cents now. I still have high hopes for IR. Meantime you may want to check out Rex International which is in the same biz., but with more international exposure. On 2/9 an analyst had a "buy" on Rex Int.60.5 to a TP of 127cents.....I enjoy such dreams! Good luck! Cheers! Dusti
12/09/2014 09:33

  jceducationsg likes this.
jceducationsg Are there any new and recent price target?

29/12/2011 21:48
Trader Hub Not many price targets in December. I guess most analysts are out on holiday. Hope there will be more good reports coming out in 2012.
03/01/2012 18:45
jceducationsg I hope so... K-REIT Asia recently went back up again... Think it is because of some purchases by its parent... illustrating that it is undervalued...

05/01/2012 08:05
Trade Zignals get fundamental stock picks and recommendations from here http://freestockbuyandsellsignals.blogspot.com/
06/03/2014 15:19
Frant Denner Post removed. Why?
04/04/2014 16:50
ekomuwa nice broke out at 1.17, tested 1.19, closed at 1.18, if 1.17 proof to be a strong support, then this stock should have rising potential.......
16/04/2014 07:45
Levi Henzon Post removed. Why?
21/04/2014 16:59
Ced Prenner After working for 25 years for somebody else I decided it was time for a change, trading was the answer for me because I need to work from home. I say stop working for somebody else and make your own money .Check out the website Traders Superstore, just Google them you should be able to find them, these guys are really doing it right and make you wonder why everybody isn't like them.
22/04/2014 14:20
Surreyian Why is this stock stuck at $1.25?
12/09/2014 04:34

  Be the first to like this.
Andrew Wong Be patient :)
US, UK n Europe slowly recover now.
Short term risk should be the crash for Asia coming soon.
05/03/2014 15:20
Lucky03 The economic growth is picking up momentum.

Breaking News

Eurozone Feb business growth strongest in 2-1/2 years: PMI

Eurozone private businesses enjoyed their fastest growth rate in over 2-1/2 years last month as the region's service industry expanded quicker than initially thought, surveys showed on Wednesday - PHOTO: REUTERS
[LONDON]Eurozone private businesses enjoyed their fastest growth rate in over 2-1/2 years last month as the region's service industry expanded quicker than initially thought, surveys showed on Wednesday.
The upturn in the 18-member bloc's fortunes was again led by Germany, but the gulf between growth in Europe's biggest economy and the decline in France has only been wider once in the 16-year history of the surveys.
Markit's final Eurozone Composite Purchasing Managers' Index (PMI), which gauges business activity across thousands of companies and is seen as a good guide to economic health, was revised up to 53.3 from an initial flash reading of 52.7.
That was the eighth month the index has been above the 50 mark that separates growth from contraction and beat January's 52.9.
05/03/2014 18:45
Lucky03 Closed well supported.
Saw this heading on JOC today - NOL Headed Back to Black NOL Group. Don't have subscription so can't access.

06/03/2014 22:34
watoflos NOL Group will return to profit this year by concentrating on its core Transpacific business and reaping the benefits of its sizeable port holdings, according to one equity analyst firm.

NOL posted a full-year loss of $76 million in 2013, compared with a $412 million loss in 2012, in part due to the improve performance of APL, its container shipping business.

Drewry Maritime Equity Research said NOL’s third consecutive annual loss in 2013 was triggered by weak freight rate market conditions and high fixed costs. However, the equity analyst now believes NOL is now in a better position to return to profitability due to its focus on the trans-Pacific trade — from which 50 percent of its liner revenue is generated — and ongoing efforts to lower its cost base.

“We expect both operating margins and return on equity to recover from historical lows in FY14 and continue on an upward trend in FY15,” said Drewry analyst Rahul Kapoor. “NOL continues to cut its costs significantly and plans to move ahead in this direction in the coming years.”

By focusing on the trans-Pacific trade NOL is also lowering its risk from Asia-Europe, according to Rajat Gupta, also an analyst at Drewry. “U.S. economic data continues to surprise positively, raising market optimism on trade recovery,” she said. “The upcoming trans-Pacific contracting is a key event for both freight and volume development and will in all earnest decide the company’s financial performance in FY14.”

Drewry also rates APL Terminals as NOL’s “hidden gem” due to it being clubbed under “Liners” in financial statements even though it generated some 7 percent of total revenue last year and is ranked 15th on the list of global terminal operators.

“APL Terminals is a major source of income and value to the group,” Kapoor said. “We argue that APL Terminals remains a hidden gem in NOL’s asset portfolio and an opportune divestment of terminal assets even while retaining control will potentially unlock and add tremendous value for shareholders.”
07/03/2014 01:43
watoflos Lucky03. This is what you are looking for.
07/03/2014 01:55
Lucky03 Thanks, Watoflos :) Now will also start paying attention to terminal growth. Overlooked
the hidden 'gem' - APL Terminal !

The next round of contracting period for transpacific shipping is May 1. The resumption of the work on the expansion of the Panama Canal should be favourable to transpacific shipping.

The trans-Pacific ocean shipping market is by far North America?s largest trade lane, accounting for nearly 20 million 20-foot-equivalent container units in the U.S. trade alone in 2012.

The market is dominated by imports by large retailers such as Wal-Mart, Target, Best Buy, Home Depot and Lowe?s, which, unlike in other markets, tend to contract directly with ocean carriers rather than through forwarders, as is typically the case in the Asia-Europe market. As a result of the one-year contracts that retailers and other large shippers typically sign as of May 1 each year, freight rates in the trans-Pacific eastbound trade tend to be less volatile than in Asia-Europe.

Key developments in the trans-Pacific include the approaching 2015 expansion of the Panama Canal and its potentially huge impact on routing of Asia goods into North America, Canadian West Coast ports? growing success in attracting U.S.-bound cargo, and West Coast ports? expected response to these competitive challenges.

Exports moving to those markets typically are lower-value commodities such as wastepaper and scrap that keep China?s manufacturing and packaging industries humming.
09/03/2014 01:57
Andrew Wong up approx. 6.88% in less than 2 weeks ~ Nice!!
11/03/2014 14:53
Lucky03 NOL releasing Q1 result on 14 May. Hope to see sign of turning comer to profitability. By the way, the analysis at the top were dated 21/2/2014. Nobody interested to assess NOL for last 3 mths ?
03/05/2014 15:57
Lucky03 Sounds familiar today with Temasek going around shopping. I googled and found this below.

Why is Temasek Holdings paying $2.82 BILLION to buy back all the shares of Neptune Orient Line, when it had declared to divest itself from all ownership of viable GLC operations ?

If one is to relook at all the reported outflow of funds from Temasek Holdings for 2004 alone, one can only wonder if there is a bottomless depth in Temasek's pocket:

29 January 2004 - Temasek pay US$45million for 7.5% stake in India's Supply Chain Manager.

18 February 2004 - Temasek pay S$43.7million for an increase of 0.56% stake in India's ICICI Bank, raising its shareholdings from 6.72% to 7.28%.

3 March 2004 - Temasek pay US$765.8million for 5% stake in Malaysia's Telekoms.

(No follow-up during March 2004 to August 2004, anyone who did ? )

Temasek's NOL offer 'fair but not compelling'

HSBC advises investors to keep holdings if they are confident of long-term prospects but says those wishing to sell could do so if the market price was higher

By Nicholas Fang

TEMASEK Holdings' $2.82-billion cash offer for all the shares of Neptune Orient Lines (NOL) that it does not already own is 'fair but not compelling', said NOL independent financial adviser HSBC.

In a circular issued to shareholders yesterday, HSBC said that shareholders who wished to realise their investment in NOL immediately should consider selling their shares on the open market if they can obtain a higher price than Temasek's offer price.

However, shareholders who are 'confident of the long-term prospects of the group' were advised to retain their shares and not accept the offer.

Temasek Holdings stunned the market earlier last month when it announced its offer for NOL at $2.80 a share.

The Singapore investment company announced the offer after buying NOL shares on the open market and pushing its stake past the 30 per cent mark that triggers a mandatory takeover offer under corporate laws.

HSBC said that factors in favour of the Temasek offer included the fact that the offer price of $2.80 per share is higher than any adjusted daily closing price in the period since NOL's acquisition of its APL liner arm in 1997 up to the offer announcement date.

'The premium of the offer price over the historical share price of NOL in the observation period we have selected is in line with that of selected tender offer transactions in Singapore,' HSBC said.

However, it also noted that the adjusted daily closing price for NOL in the period since the date the offer was announced up to the latest practicable date has consistently exceeded the offer price.

The shares have closed above Temasek's $2.80 bid price every day after the offer was announced.

HSBC also said Temasek's offer valued the 36-year-old shipping line at a price-to-earnings multiple which was below the mean and median of comparable companies.

It recommended that shareholders who wished to realise all or part of their investment in NOL now, but were unable to obtain a price higher than the offer price on the open market, could consider accepting Temasek's offer.

A Temasek spokesman said yesterday: 'The opinion in the NOL circular has no new and material information on the company.

'We recommend that all NOL shareholders carefully read the independent financial adviser's opinion and the NOL board's recommendation based on the appropriate investment horizons.

'We wish to reiterate that our offer of $2.80 a share is an all-cash, firm offer, which closes on Sept 15 at 3.30pm.'

HSBC noted that NOL had said that, should APL be reclassified by the United States government as a controlled carrier if Temasek's stake in NOL edged above 50 per cent, the financial impact on NOL is unlikely to be material.

It said that NOL had told them that in the event of a loss of business due to such a reclassification, the financial impact would be immaterial as assets involved could be redeployed to serve other customers or trades.

NOL shares ended yesterday three cents lower at $2.82 per share with 3.95 million shares changing hands.

This news report was published in the Straits Times dated 3 September 2004, which will be archived after three days.
17/05/2014 14:57
epicresearchSg SGX PENNY Stock Recommendation for 12th September 2014

BUY NEPTUNE OIL ABOVE 0.975 TG 1.000, 1.030, 1.070 SL 0.940
11/09/2014 21:30

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