Invest8124Genting shot up to $1.39 before close today due to news of Genting and Chinese Property Developer , Landing Int'l who will jointly develop a $2.2 billion casino resort in Jeju Island, South Korea . According to Rueters, Landing Int'l shares has doubled for the last 2 weeks, Genting shares should move up too with this good news and coming earning announcement on 20 Feb.
Invest8124As expected, Genting went up to $1.435 before profit taking set in and closed at $1.415 , still higher than last Fri.
hunterhungryAt 38 pe do u think gent sg attractive.well i think not unless they goy jspan license in da bag.remrmber, da sg govt is restricting its citizen to visit sg casino. And mind u gen sg license have to be review in 5 yrs time. And who knows its license is not renew due to pressure from elections. I wld say dont put too much money on this counter
clarence_yeo2003@hunterhungry u have read too much in details, dun wory about issue which is 5 years later more impt is now current moment enjoy life which is still possible. 38 PE fundamentally is perceive as high who knows it may prove us wrong.
Lai Kim ChuanThis share is really a rubbish!! Annual dividend only 1 cts. Put money in Fixed Deposit earn much more better without risk..... lose like HELL!!!
pyramidpohTrue rubbish better invest our money in Fixed Deposit.many of my friends loss in this counter....when it will be returned to TP 2.00.
clarence_yeo2003@laikimchuan would like to really hear your views curiously would u sell now? agree that genting sp is quite pathetic in giving out dividends to sharholders, they can do better. If one day i ever trade genting is not because of dividend, is liquidity matters.
hunterhungryEither u want growth which trsnslate to capital gain or u want dividend. Genting strategy is to grow its biz and hence reserve more money for develpment. The question is more to whether genting singspore can get value accretive investment? Certainly not with its venture to korea. If they can get japan we wld not b looking at tp 2.00 but at least 3.50
Andrew WongLucky03, yes that's my blog which at the moment only cover investment in msia. To me NOL is slowly recover same as all other major companies in shipping business.
Lucky03Thanks, Andrew. After 5 years in the doldrums and 3 years of consecutive loss and aggressive plan to cut cost and replace the fleet with larger capacity and more fuel efficient ships, I think NOL will be able to reap significant benefit if the global trade picks up more momentum this year. This is especially so if the demand closes the gap with supply or exceeds market estimate. Sounds a little bit optimistic but market tends to surprise on either extreme.
Lucky03The 5 Mar 2014 list for Watchlist is out. Don't see NOL in the list - http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/watchlist
The daily short sell list has dropped to around 300 lots and pool for lending reduced to about 2900 lots.
Lucky03I believe NOL should issue another announcement to the closure to the earlier announcement issued on Feb 25 that warned of the possibility of being put on SGX Watchlist. I will expect that there will be some details to share why they manage to 'avoid' the embarrassing fate and hopefully give a glimpse of a more positive spin.
Andrew WongBe patient :) US, UK n Europe slowly recover now. Short term risk should be the crash for Asia coming soon. http://awonginvestment.blogspot.com/
Lucky03The economic growth is picking up momentum.
Breaking News World Story
PUBLISHED MARCH 05, 2014 Eurozone Feb business growth strongest in 2-1/2 years: PMI PRINT |EMAIL THIS ARTICLE
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.
Lucky03Closed well supported. Saw this heading on JOC today - NOL Headed Back to Black NOL Group. Don't have subscription so can't access.
watoflosNOL 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.”
watoflosLucky03. This is what you are looking for.
Lucky03Thanks, 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.
pnuklisOsim is a stock with strong fundamentals and good product mix with Massagers, Health suppliment and high end tea. TP of $3.0 must not ber very far having now broken 3.5 The ending of the case with Murjani will propell it to this level soon.Collect more.
Ray CrazyRayLime Petroleum Norway gets 14th licence in Norway http://rex.listedcompany.com/newsroom/20140221_074741_5WH_6029741FC91AD80448257C8500330848.1.pdf
albertlawExtracted from Edge maz..dated 10Feb Ceo Lidgren expects Rex to be profitable with profit of US 7.5mil in 2014..Block 50 Oman has an expected monetary value of US 920.2 mil and Rex will unlock value within next few years by selling a portion of its stakes in this block Edit/Delete Message Reply With Quote Multi-Quote This Message Quick reply to this message
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chinchiahothe performance of G hk has been lackluster for the past several months & the vol & movement clearly shows the big shareholder wants to collect from the market. Very frustrating for small investors esp me who have held on to the shares for the last 5 years loyally & not getting rewarded. Come on KT Lim, do something fair for your loyal supporter!
ryan7642agree wf u same to me too hold for quite some times d=='' come on KT Lim make your Genting HK bcom next Genting Spore trend boost up to SGD1.3-1.5 from the lowest SGD0.5+..
ryan7642yea baby finally got BIG news coming out worth for long waiting patient make BIG Gain~~
keithlauctget fundamental stock picks here http://freestockbuyandsellsignals.blogspot.com/
albertlawWe shall see how Vantage Bay will perform!
starlene ( 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
petechowkwShares are oversold...short sellers BEWARE!
petechowkwLocation of Vantage Bay is nearer to Singapore than Danga Bay. Also future MRT Station within Vantage Bay area.
inphyyFast-growing Riverstone Holdings faces 3 main growth risks
Possible pricing pressure is one.
Riverstone Holdings is seeing booming demand for its cleanroom and healthcare segments, but it remains vulnerable to 3 risks, according to OSK-DMG.
First, it could experience possible pricing pressure arising from its expansion in healthcare glove capacity.
"Riverstone’s European customers are increasingly asking the company to boost capacity to help them diversify their supplier base, which may potentially triple orders," noted OSK-DMG.
"If the company achieves its plan of expanding to an annual production capacity of 8.0bn pieces in FY19, we expect its earnings to grow at a CAGR of 22.4% starting from FY13, up more than 4.1x to MYR163.4m by then," it added.
A second risk for the firm are potential raw material price fluctuations, while its third vulnerability lies in its exposure to forex volatility.
If Riverstone manages to avoid these risks, then Riverstone could be well on its way to joining the the big league, according to OSK-DMG, due to its blistering rates of demand and expansion growth.
390465Riverstone posts third quarter profit growth as net profit surges 49.3% to RM15.7 million in 3Q2013 • Revenue increases 18.9% to RM94.0 million on expand ed production capacity to meet growing demand for healthcare gloves • Gross profit outpaces revenue growth with 36.8% incr ease to RM26.2 million due to better productivity and favourable raw material prices • Strong balance sheet and net cash position of RM116 .3 million
390465Riverstone records four consecutive quarters of pro fit growth as net profit surges 46.2% to RM58.0 million in FY2 013 • Revenue increases 15.5% to RM357.9 million • Net cash position of RM114.0 million • Board of Directors recommends a final dividend per share of 4.5 sen (RM) Financial Highlights RM million (Y/E Dec) 4Q2013 4Q2012 Change (%) FY2013 FY2012 Change (%) Revenue 92.7 79.2 17.1 357.9 309.8 15.5 Cost of Goods Sold (66.1) (59.8) 10.5 (260.1) (238.2) 9.2 Gross Profit 26.7 19.4 37.2 97.8 71.6 36.7 Profit Before Taxation 20.2 12.7 58.6 72.6 48.3 50.3 Profit After Taxation 16.0 8.4 90.6 58.0 39.7 46.2 EPS* - basic (sen) 16.02 12.18 EPS # - fully diluted (sen) 16.02 11.72
clarence_yeo2003it depends on what type of investor u r for wilmar currently still in a downtrend may be ideal for short position if it goes and stay above $4.50 will have trend reversal. may be ideal for long. I will stay out of wilmar because trend have yet confirm the directional trade.
7474the online portfolio does not allow input on quantity and hence the P/L of each (or all) positions. Looking for a portfolio templates that can input all above, including dividends - so as to see overall performance.
ritech Group (SGX: 5NL) jumped 7% to S$0.41. The geotechnical, ground, and structural engineering services provider had announced last Friday evening that it intends to seek a listing on the Catalist stock exchange in Singapore for certain subsidiaries of its limestone business.
Back in September last year, Tritech had initially wanted to seek a listing for the same subsidiaries on the Stock Exchange of Hong Kong Limited but has since changed its mind. The limestone business subsidiaries are involved with the quarrying, extraction, and production of dimension stones and other marble-related products.
Tritech would have to obtain shareholder and regulatory approvals for its proposal to list on the Catalist exchange. It also highlighted the fact that the listing ?is in its preliminary stages?and that there?s no guarantee that regulatory approvals will be granted. The company would be updating the investing public in due course.
Rate This Post: Useful To Me Not Useful To Me golden_SGX Member 24-Dec-2013 17:02 User is Offline About golden_SGX Contact Quote! x 0 x 0
Alert Admin GRANT OF AWARD TO ANHUI CLEAN ENVIRONMENT BIOTECHNOLOGY CO. LTD. IN CHINA
The Board of Directors of Tritech Group Limited (the ?Company? and together with its subsidiaries, the ?Group?) refers to the Company?s announcements dated 29 August 2013 and 7 November 2013 in relation to the Company?s acquisition of its wholly-owned subsidiary, Anhui Clean Environment Biotechnology Co. Ltd (?ACEB?) located in Hefei, Anhui Province, the People?s Republic of China (?PRC? or ?China?).
The Company is pleased to announce that ACEB has been awarded the ?Distinguished Design Enterprise of Environmental Engineering For Year 2013 In China? award on 19 December 2013 (the ?Award?).
ACEB has a wide range of licenses for operating different businesses in China, including a Class A Design License for environmental projects in China with unlimited tender capacity issued by the Ministry of Housing and Urban-Rural Development of the PRC and a Class A Design License for Industrial waste water treatment in China with unlimited tender capacity issued by Ministry of Environmental Protection of the PRC.
The Group is of the view that there is significant growth potential in the areas of design and consultancy for the environmental and wastewater treatment fields in the PRC and intends to strengthen its capabilities in these areas as part of its development of its water-related business segment in the PRC. The grant of the Award is believed to be a milestone for the Group in its achievement of its business objective. The strengthening of the Group?s capabilities in the area of design and consultancy for the environmental and wastewater treatment fields is also expected to generate new revenue streams for the Group and enhance the Group?s financial performance in the near future.
By Order of the Board
Wang Xiaoning Managing Director 24 December 2013
albertlawSee Trietch run up in Aug 2013,,will history repeat?
Did anyone had insider news on Tritech 2 days back? The stock gap up to a high of 107.5% today! Since the insider longed it 1 year back, then why is it that it gap up today? Why not Oct last year? Did anyone had a clue? I think I know why, but too sensitive to post. I will share it during my next seminar.
Ronald K - Market Psychologist - The Big Speculator
albertlawOriginally Posted by eightgolden8 View Post Tritech Update Thursday, 23 January 2014
Update for Tritech 23th Jan 2014 - Tritech is doing super well in this climate of market selling down. It has managed to continue to trend upwards and close well today at 52.5 cents couple with good volume is rather positive to drive the prices higher. All 3 indicators are still pointing upwards which may provide the momentum to push the price higher. Immediate resistance will be at 54 cents. Look to see if it is able to clear 54 cents with high volume in order to move up to 59.5 cents.
(trade base on your own decision)
Singapore Online Opportunity: Tritech
So eightgolden5 yr profits more than doubled now with Tritech at 52.5cts,,when u think is good to take profit( at what price) since you're v familiar with this Tritech
albertlawOriginally Posted by xfactor View Post Dow liow sai...
It may aoffer chance for people to enter at a lower
a share split of every one (1) existing ordinary share in the capital of the Company (" Share " ) held by the shareholders of the Company (? Shareholders ?) on a books closure date to be determined by the Board prior to the effecting the Proposed Bonus Warrants Issue (as defined below) (? Share Split BCD ?) into two (2) Shares , fractional entitlements to be disregarded, and upon the completion , up to 386,574,593 new Shares (? Additional Shares ?) will be issued (the " Proposed Share Split " ) and
(ii) following completion of the Proposed Share Split and the issue of the Additional Shares pursuant thereto , an issue of bonus warrants (the ? Proposed Bonus Warrants Issue ?) of up to 386, 574 ,593 non - renounceable bonus warrants (the ? Warrants ?) on the basis of one (1) Warrant for every two ( 2 ) Share s held by the Shareholders on a books closure date to be determined by the Board (which shall be after the completion of the Proposed Share Split and the issue of the Additional Shares pursuant thereto ) (? Bonus Warrants BCD ?), fractional entitlements to be disregarded
if u got one lot, after split, u got 2 lot, for every 2 lot, u will get 1 lot of wrt.
albertlawTritech's future earnings look promising. As at Nov 5 2013, has an order book of $83.4mil.The group announced on Dec 2 ,30 Dec 2013 and 15 Jan 2014 contracts worth $7.8mil,,$1.5mil and $3.75mil.Also on 4 and 5 Feb contracts worth $8.1 mil and $4.5mil for Thomson Line. The manufacture of water treatment membrane in Qingdao was completed in July 2013 and has commenced production and sales. Marble business worth $16mil was announced in 2013.The proposed listing of its wholly owned subsidiary-marble business on SGX instead of Hong Kong,will boost its shares price prior to ex-all
albertlawVery unique 2 different ex -dates..first time in history..take note...after the stocksplit ex on 11 March the company will note with yr current 1 share becomes 2 u must not sell ..can only sell after March 24 before warrant is your entitlement ( Date: 03-Mar-2014 15:05) Posted:
Ex date 11 March for stocksplit and ex date for warrant 24 March..listing of Marble business by first half of 2014 will give share price and listing of warrants a boost..Jeffery Wang was in PRC so Professsor Yong took over as chairman reveal more URA contacts on the way,may consider mainboard listing after spinoff of marble business..warrant 5 year expiry date but can convert only 6 mths after listing at 20cts exercise price.Tritech as potential has they are specialist in the underground engineering structure and Singapore next developments will be under the ground-eg the reservoir at Bidicari cementry,,Prof Yang himself has 400,000 shares in the company and claimed Jeffery is in PRC to suprvise the successive implementation of the watertreatment/membrane business..many of the people from Asian Corporate Advisior who advise this stocksplit cum bonus are there to answer questions...alll generally agree the stocksplit and bonus warrant is in the interest of the company...they serve their VAVIE mineral water but no beers and the usual cakes and pastries
Lansford LooPre-announcement stable level share price (ex possibility of news leakage): c.11.8 cents Implied market cap of JES = S$137.59m (1166m shs outstanding)
current share price: 16.5cents implied value of the option granted to JES to invest in MineRiver = (0.165-0.118)*(1166m) = S$54.80m
we can view the optionality grant to JES as a real option. let's adopt a 3-stage binomial option pricing model.
based on the model below, for us to get an expected value of the option of S$50.48m, we have to go with the assumptions below.
Thus if you buy, you are betting that the option is worth more (ie your assumptions are more bullish than the ones below). If you sell, you are betting the option is worth less (ie your assumptions are more bearish than the ones below).
hope that helps.
for more analysis on different stock please visit: our fanpage: https://www.facebook.com/AcaciaTradingSingapore our blog: http://lansfordloo.wordpress.com/ and like our page. Thanks!
Acacia Trading is a Preeminent Training Institution that aims to provide financial freedom to its students through its unique and proprietary training methodology. We utilize events-driven fundamental analysis that teaches our students how to capitalize on both long and short views on opportunities to maximize gains.
Disclaimer: We do not hold shares in the stocks that are listed in our ideas unless specifically stated. The recommendations stated above are general recommendations and may not be suitable for your portfolio. Please contact your financial adviser prior to taking action on the ideas above. All ideas are provided for discussion purposes only. We will not accept any liability for losses that are sustained as a result of you following our ideas. The ideas are provided on a good faith basis, please conduct your own due diligence on the ideas prior to taking action. We iterate that we are a training academy and are only bound to our students who we have an express contract with. That said, please free feel to comment and discuss on the ideas above. Cheers, Acacia Trading.
=== Binomial Model Assumptions ===
1. stage one: tranche one investment acacia est of probability of success: 60% max loss to JES = S$7m
2. stage two: tranche two investment acacia est of probability of success: 40% max loss to JES = S$60m
3. stage one: tranche one investment acacia est of probability of success: 20% max loss to JES = S$60m
value of minerals at mine: S$60bn acacia est of margin: 10% % stake owned by JES: 30% possible NPV of CF to JES = S$60bn * 10% * 30% = $1.8bn
foresightsell down for this week seems heavy..Monday begin at 1.17..now 1.05. Drop a whopping 10%..something is brewing. avoid for now until price stable
lobongbecause rupiah is weakening and First Reit has majority Indonesian properties
foresightcurrency weakness will last for awhile before it will be stable. May impact DPU
Tipstertheir rental incomes are in SGD, so any currency movement will not impact FIRST reit... buy!
Peter Graham LancashireTipster, you are right the rental incomes are in sgd., but the Net Asset Value not! Also when rentals are up for renewal, negotiations to increase them in Sgd., may be tough against the background of tenants whose income is in IDR, and competitors Who pay their rents in IDR. Stii remain vested though! PGL
albertlawThose who have heeded or bought have made money liao..I left those from rights issue(34cts)..Even if u had bought at a high of 59cts also more than break even(59cts+34)/2 =46.5 based on today's closing prices..hope it is up up and away
Buy Sell China Fish SGX 0.470 175,000 0.475 30,000 0.475 +0.050 0.430 8,109,000 0.480 0.430 0.588 0.315 6.97 0.0149
albertlaw48.5-49cts now as at Jan 16..more upside?
Sources: China Fishery could buy more in Peru, as Diamante owners still looking for exit
January 14, 2014, 6:48 pm
Eva Tallaksen Alicia Villegas, Jeanine Stewart
Having acquired Copeinca, China Fishery Group could now be close to making more acquisitions in Peru, with both Pesquera Diamante and Hayduk named as potential targets, sources told Undercurrent News.
Another Chinese fund, which sources did not name, is also said to be in talks to acquire Pesquera Diamante, Peru?s third largest fishing company by quota.
According to one well-placed source, Pesquera Diamante has hired Credit Suisse to arrange for a sale.
?China Fishery is now close to locking the Diamante acquisition, and if that succeeds they will hold more than 25% of the Peruvian fishing quota,? this source told Undercurrent News.
Diamante holds 8.5% of Peru?s anchovy quotas, after Copeina/China Fishery (16.9%) and Tasa (14.1%).
Several sources said Diamante is also in talks with another Chinese private fund for a sale.
It has for some time now been said that Diamante?s private equity owner, Enfoca, is looking for an exit for its 18% stake.
But if a good offer is made, the entire company could be sold, said sources.
The remaining 82% shares are owned by the Ribaudo brothers, Juan Enrique and Fernando.
Diamante?s CEO Manuel Salazar, Enfoca and China Fishery declined to comment to Undercurrent.
In March 2013, news outlets had reported that South Korea?s Dongwon was close to making a move for Diamante. However, the deal then reportedly collapsed, with no news since then.
According to sources, it is well known in the Peruvian industry that China Fishery is still interested in buying up more quotas in Peru. ?China Fishery always keeps an open eye,? said one industry executive. ?They will go for any company.?
Some, however, questioned how China Fishery would finance such a deal. Its purchase of Copeinca, completed late last year, cost it $787.69m in cash and took its total debt to $1.596bn.
The rumors come as Peruvian companies are becoming increasingly frustrated with the government and its regulation on anchovy fishing. This could make them more inclined to sell, said industry players.
?The problem is the government?s very bad administration,? said one executive. This has frustrated businesses, he said. It has also affected their cash flow, and subsequent valuations. ?The value of any company is their cash flow. In the two last years the administration, without any discussion, has restricted the Peruvian quota of anchovy by about 40%. The cash flow reflected the issue and of course the companies? values are lower than they could be.?
In this situation, he added, Chinese companies could see an opportunity to come in at a cheap price, ?wait two or three years and gain 40% or 50% in value?.
Another Peruvian executive echoed this view.
?Foreign companies along with high level politicians have achieved what they wanted: Peruvian companies can be sold at a cheap value, since Peruvian politicians have demolished the fishing industry,? said this source.
He added Enfoca was keen to exit Diamante, having owned it for several years. However, despite years of persistent rumors of a sale, ?eventually the company ends up not being sold?, he said.
$85m per 1% quota
If a deal were to happen, Diamante could expect to get the same valuation (85 million per 1% of quota) as Copeinca did for its sale to China Fishery. For Diamante, this would represent $722.5m. For Hayduk, it would mean around $561m.
?However, only a strategic investor would pay such a high price,? and only if the synergies are there, as is the case with China Fishery, said one source.
?The key question is how the interested party would appraise the human consumption business Diamante has ? canned and frozen fish, including a distribution brand,? this source added. ?Diamante?s owners are good entrepreneurs, the company is well managed and it?s a success story.?
There is also talk surrounding Pesquera Hayduk, Peru?s fifth largest fishing company by quota.
Hayduk restructured recently, appointing new management and a new CEO. The company is also said to be very close to China Fishery Peru.
Although one source linked the restructuring to a possible sale, another said this was the end of a long process, with the former CEO having completed his task. ?In my opinion, as well as Diamante, if they receive a nice proposal, they will sell,? said one executive.
Growing foreign ownership
An acquisition by a Chinese company would heat up a debate that China Fishery?s purchase of Copeinca triggered in Peru: the issue of foreign ownership of the nation?s fishing quotas.
With nearly 17% of Peru?s fishing quotas, China Fishery Peru/ Copeinca is the country?s largest fishing group, ahead of former leader Tasa (14.1%).
albertlawChina Fish has hit its long term bottom..
albertlawChina Fish double bottom already?..https://www.flickr.com/photos/caricature/11961851264/
stockpicker ( Date: 27-Jan-2014 18:23) Posted:
Yes ..96 million shares all for a price of USD$1/= but Cap-IIIA can only convert to normal share when the price reaches SGD 0.52. This is covered in their Annual reports and brouchers. Think the idea is to induce Cap-IIIA not to sell but to push up the price to 0.52 so that CF can get more funds and push up the value of the share price. It is dirty trick and they did that before in 2010 when CF offered 26 mil warrant for USD$1 to an independent party with exercise price of $2.10 when the share price was $0.8.. the share price was pushed to a high of only $1.30. 35 million warrants expired in 2013.
As for the gravestone doji, if it were to happen at the bottom of the bearish trend follow by a up candlestick with solid volume, it could mean a reversal about to take place otherwise, it suggests a continuation..
Best of luck
albertlawToday's AGM at Intercontinental Hotel..shareholders will fuming over CF's 96,153,846 warrants issued to Caryle Group at US$1 only a great dilution to existing to existing shareholders and the Major shareholder Pacific Andes voting in favour..it's like selling CF away for a song though the warrants can only be exercised at 52cts per share
Mano's question why not offer to all exiting shareholders instead of being bias in favour of Carlyle Group and that this motion be put off..it appears this was to help Carlyle which had bought CF at a high of > $1.80 per share and to reward them for staying with CF in the acquisition of Copenica and to lower the overall cost of Carlyle's purchase of CF..certainly not favourable to most shareholders present at the meeting
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First Resources' FY13 core net profit was 11% above our forecast and 8.5% above consensus due to the higher CPO sales and lower cost of production. The group sold 36k tonnes more CPO than its production of 589k tonnes in FY13, which we suspect came from inventory drawdown. This, coupled with the realisation of forward sales in the earlier quarters helped the group report a 3% rise in its FY13 core net profit.
A final dividend of S$0.0325 was declared, bringing total dividends in FY13 to S$0.045, the highest level since listing. We fine-tuned our earnings forecasts for housekeeping purposes. Our Add rating and target price (based on 12.3x P/E, 1 s.d. above its 4-year mean) are intact.
aikinlaiAnyone holding this counter? Seen never have a good news to announce, some other bio chemical company attract big investor, but this one continue making loss, loss. Director itself getting a big pay, aiks, Any one have idea, ?
passerbyno la, just asking only coz this is STI version, thought will find some Singaporean around this forum :)
didn't see you do any posting on KLSE forum ? nice to meet you anyway. i'm a M'sian also
looks like this i3 site got a lot active malaysian members
Edward LeeNice 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.
clarence_yeo2003is on technical rebound instead of a bull rally. if it can clear 5.05 then is consider bull run for this counter. still in downtrend mode.
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Celine KohHi Fishstar, It depends on what to do? Do you just want to trade stocks or do you want to CFDs as well? I work at UOB Kay Hian, but have friends at other brokerage houses too. What sort of features are you looking for? Please let me know how I can get in touch with so that I can help you find something that best suits you.
BlueKelahopen any account except the standard chartered one as it does not have CDP. Fees are not much difference.