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?" read more at http://www.fool.sg/2014/09/16/is-lippo-malls-indonesia-retail-trusts-latest-property-purchase-a-winner/
BumbleBeepasserby @ in stock market never too late. Uncle is 64 y.o. still learning kikikiki
BumbleBeePeople who are serious about the stock market use stock chart patterns as an integral part to their everyday trading in the stock market. Learn more about them and discover how to enjoy more success at http://shareinvestormalaysia.com/understanding-stock-chart-patterns-part-ii/
Are all those articles written by you? At 64 y.o. you doesn't sound old at all by the nick of BumbleBee....kikikiki
You are almost 3 cycles of Chinese zodiac ahead of me. Yup, I'm still learning & refining investing everyday. Thanks for all those shared links :)
BumbleBeeHehehe @passerby ,,,,,,,,,,,,,,uncle just know how to cut and paste ...maybe play some shares
passerbyhihihi uncle....I'm also a Malaysian la....kikiki
I think i3 is one of the most active forum around....you can find some good peoples around...
for SGX, I'm tailing this Pang Sin Tan....
BumbleBeepasserby@ wonderful. Uncle is Msian but am in Geylang hihihihi ...any websites to share?? Found one .....http://sg.dividendinvestor.com/ any good???
BumbleBeeA Stock Investing Business Plan should be everyone's mind during the early stages into the capital jungle we call the stock market. Learn and master the 12 techniques/questions that are crucial to make up the plan at http://bit.ly/VuQTZS
BumbleBeepeople 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/
BumbleBeeEvery 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/
MrWealthy4321A 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/
dicklinglkProbably need to secure another major rail project.
Uptrend is expected soon.
ekomuwaBBs 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....
GoRiLaz7028Put 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...
ekomuwaIn 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.
ekomuwaThe 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.
JinchengIt is really a mistake to invest in this stock. "Midas"="买的死”
JinchengIt will go down to 28cs. All these Chinese companies con ppl even though this company employed managerial staff from Singapore. If you value your hard earned money, pls avoid all these lousy chinky business. A painful lesson from my past 5 year experience.
ekomuwaIf you use CFD to short, you are laughing all the way to the bank.................in either side, be on the right side.......
JinchengThis chinky business is already rotten. Be aware!
dustiHi 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!
ahlek888wow, 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?
dustiHi 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
Ced PrennerAfter 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.
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.
Andrew Wongup approx. 6.88% in less than 2 weeks ~ Nice!! http://awonginvestment.blogspot.com/
Lucky03NOL 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 ?
Lucky03Sounds 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.
albertlawCEO Goh bought 1,000,000@$0.25 today Aug 14..he is bent on supporting Innovalues
2. Date on which Director/CEO became aware of the acquisition of, or change in, interest (if different from item 1 above, please specify the date): 14-Aug-2014 Type of securities which are the subject of the transaction (more than one option may be chosen): 4. ✔ Ordinary voting shares/units of Listed Issuer Other types of shares/units (excluding ordinary voting shares/units) of Listed Issuer Rights/Options/Warrants over shares/units of Listed Issuer Debentures of Listed Issuer Rights/Options over debentures of Listed Issuer Contracts over shares of the Listed Issuer which Director/CEO is a party to, or under which he is entitled to a benefit, being contracts under which any person has a right to call for or to make delivery of shares in the Listed Issuer Participatory interests made available by Listed Issuer Others (please specify): Explanation (if the date of becoming aware is different from the date of acquisition of, or change in, interest): 3. 5. Number of shares, units, rights, options, warrants, participatory interests and/or principal amount/value of debentures or contracts acquired or disposed of by Director/CEO: 1,000,000 6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$250,000
albertlawWow the directors are coverting their entitlements at such cheap prices $0.10-$0.15..will cross 30cts next week just b4 ex dividend?
20Aug Ong Tiak Beng 138000@$19542 i.e about $0.14 per share
Teo Soon Chye 138,000@$19542
Pung Tong Seng 513000@$68599 about $0.133 per share
CEO Goh Leng Tse 501000@$50,100 about $0.10 per shares
albertlawGood move last minute close unchanged 27.5 on eve b4 ex dividend...27-27.5 good chance can close above 30cts as directors not selling especially CEO Goh and the other directors
albertlawUp 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
albertlawWent in again at 29cts on Mon 8 Sept...worth the punt?
wow everyday just push up 1 cts is enough
albertlawInnovalues: 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.
albertlawI 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
albertlawbuy 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! x 0 x 0
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 happyday Member 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?
albertlawuckie 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.
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.
winner99It's time for dividend after waiting for so many years.
ryan7642Hmm usually news about transferring to main board quite +ve n will boost up most of the time eg, karyon Bhd boost from 0.18 to current almost break rm0.5 d 100% profit..genting hk please sang sang Seng Seng ar make 100% profi in usd for me$$
sgInvest6Pushed above resistance of 0.45 as of today!
dicklinglkmoving up slowly and steadily from now ...
syknLooks cheap now; I went back in to buy some more at 27 cents. A lot now depends on whether it has booked more gains in the coming Quarterly report, as one analyst predicted.
dicklinglkYing Li has prospects. Good entry to 27-28 cts for mid to long term returns.
Yauboon9 more days to 2q results. Hope it rewards us all
cpt43after issuing S$185M perpetual convertible securities (PCS), Ying Li has to pay S$16.875M interest every year for 3 years, S$17.575M for 4th and 5th year, if PCS is not redeemed. 6th year onward yearly interest will be around S$31.50M. How much profit they make a year?
BumbleBeeO&G business is booming in SE Asia ....temporary setback due to upcoming World Cup effect I think ...http://shareinvestormalaysia.com/fifa-world-cup-effects-on-the-stock-market-worried/ ...after this event over market shld return to normal ...hahaaaa8
pnukliswhat happened to GOSH saga in Mexico? Do people have such a short memories???????????? That was more than USD 100 million down
jackyng1981No fuel for POSH to growth up.... the share price dying due to the Batam incident... yet so far, no responses was given by management...... maybe they only can answer "STILL UNDER INVESTIGATION", "Still under investigation" like MAS.......... their management working style...... really no comment and lost confident........ shit co!
pnuklisThey seem to have goofed it up. First of all it was not wise of them to buy these two shipyards if they have no capability to run them.
jackyng1981The co is belongs to most richestman in Malaysia?........ ...... haha....... but the co super bad performance..... yet the net profit super bad for last quarter.... prepare to run........... the co never care the shareholders. only knows the IPO fund to pay back loan.... then minor shareholder (Mr A 7 Mr B on the road), eat yourself..... you are sacrified aldy.... 0.93..... 20% gone after IPO.....
albertlawMs Saw increase her bid from $1.16 to $1.165 today..bottom liao?
hotelgrand ( Date: 21-Aug-2014 23:19) Posted:
see G.P Battery..the directors bought..pushed up from low 55cts to current 79cts even though that was ex rights..GP Bat..hope that will apply to Auric Pacific too
Bottom liao..Auric CEO Ms Saw resumes buying 20 Aug 2014 bought7000@$1.16..counter thinly traded
1. Name of Listed Issuer: AURIC PACIFIC GROUP LIMITED 2. Type of Listed Issuer: ✔ Company/Corporation Registered/Recognised Business Trust Real Estate Investment Trust 3. Name of Director/CEO: SAW PHAIK HWA 4. Is the Director/CEO also a substantial shareholder/unitholder of the Listed Issuer? Yes ✔ No Is the Director/CEO notifying in respect of his interests in securities of, or made available by, the Listed Issuer at the time of his appointment? (Please proceed to complete Part II) (Please proceed to complete Part III) 5. Yes ✔ No 6. Date of notification to Listed Issuer: 20-Aug-2014 Part I - GeneralFORM 1/[ Version 2.0 ]/Effective Date [ 21 March 2014 ] Page 3 of 6 Part III - For an incumbent Director/CEO giving notice of an acquisition of, or a change in his interest in, securities of or made available by the Listed Issuer Transaction 1. Date of acquisition of or change in interest: 20-Aug-2014
only 69 lots...closed up 3.5 Ms Saw is buying again..15lots bought on monday 25 at $1.16 today most probably she buys to prop up higher
. Number of shares, units, rights, options, warrants, participatory interests and/or principal amount/value of debentures or contracts acquired or disposed of by Director/CEO: 15000 6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $17,400.00
albertlawNumber of shares, units, rights, options, warrants, participatory interests and/or principal amount/value of debentures or contracts acquired or disposed of by Director/CEO: 10000 6. Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $11,600.00
Just like Innovalue when the directors buy..it is a matter of time should go up..but must buy above Ms Saw purchased price $1.16 as she is supporting there..I think anytime below $1.20 still o.k..previously I sold off at $1.42-1.48 ( Date: 02-Sep-2014 14:24) Posted:
0549617Sheng Siong Group is proposing to place out 120 million shares at 67 cents each.
The placement price represents a discount of 5.37% to the volume weighted average price of $0.708 for trades done on the SGX on Sep 3.
The placement shares represent 7.98% of the enlarged issued share capital of 1.5 billion shares after the issuance and allotment of the new shares.
The placement will allow the company to raise gross proceeds of $80.4 million.
The group intends to use 98% to 99% of the gross proceeds will be used to finance the future expansion plans of the group in Singapore which includes the acquisition of properties for new retail outlets.
Sheng Siong says it intends to continue to distribute up to 90% of its net profit after tax to its shareholders for the financial years ending 31 December 2015 and 31 December 2016 as dividends.
queenfitits proposal only.. can drop to 67 cents. No meaning to the right issue then?
singgamWho are the men who let their sharea to be sold short(13.6%) and in the process kill themself.Or is the BANKS WHICH GAVE the money to buy the shares at a lower price who sold the shares and force the price down, then call the people to top up the difference in money or force sell the shares. This brought the counter down. Can SGX say where the shares came from.
inphyyLionGold: Ghana Subsidiary Formalizes Tailings Purchase Agreement And Expects Gold Production In March 2014
one688easyUkraine pushes gold pricePublished: 7:29 am, Tuesday, 2 September 2014 - See more at: http://www.skynews.com.au/business/business/market/2014/09/02/ukraine-pushes-gold-price.html#sthash.cNWZhoug.dpuf
Benchmark index of Malaysian market, FBM KLCI (Ftse Bursa Malaysia Kuala Lumpur Composite Index) opened green gaining 4.25 points overnight but fell sharply to 1,853.48 losing 19.78 points at 9:10 am in MYT as blue chipped shares lost investors in morning trade on Wednesday.
In banking sector, shares of largest Malaysian bank Maybank and CIMB bank fell as stakeholders sold some of their holdings. Market analysts are optimistic about the banking shares including blue chips, an analyst said, "Market is likely to rebound these primary losses and banking stocks will trade higher again."
David LiuWill Singapore Get The iPhone 6 On Sept 19? http://www.jotform.me/form/42450615778460
jaijaiMAS now check whether the offense involved. Tan Sri Lee Kim Yew daughter Lee Cheng Lin as per Country Heights Holding Bhd Director be in investigate. This news out really effect reputation for all Country Height Company and Subsidiaries company. On monday just see their company CHHB will drop or not.
Nallayakrich folks must not allow daughter to marry investment bankers lah to be safe from BAFIA & MAS
Ted ChinI wish all KLW holders best of luck and continue your holdings. I have given a recommendation of this Company at the start and continue to believe in its potentials. I'm generally a growth investor and seeking growth stocks.
Nallayakbrker says don't buy, looks like they will push it down to chiat / collect first
Nallayakbrker not ready to play yet, collecting first
jiunngioAlready down to 18 cent..still have appetite to hold ?
Cordlife Group Limited (SGX: P8A), a service provider of umbilical cord blood and tissue banking with operations in Singapore, Hong Kong, India, Indonesia and The Philippines, announced that it is issuing new shares to private investors at S$1.25 per share, with up to 26,838,000 shares in total. Cordlife is looking to raise up to S$33,547,500.
syknAgreed. 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.
pnuklisGood stock stock and strong fundamentals, low gearing and good consolidation of business by getting rid of the American part and buying TWG tea.
Peter Graham LancashireLike their curret results ROA,ROE, Cash Flow from Operations after working Capital Changes,net cash? But outlook is less clear to me, Can they keep it up? Isn't the Target Price a bit rich( PE 27), priced to perfection with a PEG ratio nudging 1x? How significant would be a win or a loss of their pending bid for a key dcontract be? What is their target percentage for recurring income? What is their customer concentration? New Competitors? PGL
albertlawJust received prospectus, EGM 12 Sept-Hotel Grand Chancellor Pte Ltd was tendered for $48.89mil in 2007 and 328 room was constructed at a cost 459.23mil and hotel was opened in 2010..valued at $201mil on Sept 2012.Hotel Grand expected profit of $67.02mil after paying off $54mil in outstanding bank loans and the net proceeds of 4192mil will be placed in interest bearing bank' s term deposits to pursue groth opportunities and fund the co' s future business plan.NTA expected to increase from $1.43 to $1.55 and sale expected to complete by 15 Jan 2015
Coupled with the 600 rooms of 2 brand new hotels in front of Istana,hope one day maybe the closely knit family may sell off at a higher valuation.Ever hit a high of $2 plus slightly
Despite the cessation of the hotel operations at Orchard,company's 1 H 2014 still increases HOTEL GRAND CENTRAL LIMITED Company Registration No. 196800243H Unaudited Financial Statement for the Period Ended 30 June 2014 PART I - Information required for announcements of quarterly (Q1, Q2 & Q3), half year and full year results 1 (a) An income statement for the Group together with a comparative statement for the corresponding period of the immediately preceding financial year 1(a)(i) Consolidated Income Statement for the Period Ended 30 June 2014: 2014 2013 % 2014 2013 % Note S$'000 S$'000 Change S$'000 S$'000 Change Revenue Hotel operations and management 33,921 33,347 2% 69,502 69,944 -1% Rental income from investment properties 1 2,635 1,379 91% 5,199 2,755 89% Total revenue 36,556 34,726 5% 74,701 72,699 3% Other income 2 70 52 35% 1,142 108 957% 36,626 34,778 5% 75,843 72,807 4% Costs and expenses Staff costs (12,837) (11,982) 7% (24,859) (24,112) 3% Depreciation and amortisation (4,722) (4,485) 5% (9,186) (9,336) -2% Hotel operating expenses (13,570) (13,502) 1% (27,693) (27,135) 2% Total costs and expenses (31,129) (29,969) 4% (61,738) (60,583) 2% Profit from operating activities 5,497 4,809 14% 14,105 12,224 15% Interest expense (709) (555) 28% (1,393) (1,186) 17% Interest income 1,115 1,170 -5% 1,990 2,336 -15% Foreign exchange gain/(loss) 3 430 (8,568) n/m 3,252 (5,993) n/m Share of results of associates 115 336 -66% 105 449 -77% Profit/(loss) before tax 6,448 (2,808) n/m 18,059 7,830 131% Income tax expense (1,776) (2,154) -18% (3,521) (4,535) -22% Net profit/(loss) attributable to owners of the parent 4,672 (4,962) n/m 14,538 3,295 341%
ticktockcommenced 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?
ekomuwaA piece of news might had fueled the price to head north these few days...." Golden Agri-Resources (GAR) proposed the collaboration with Louis Dreyfus Armateurs Group (LDA) through a 50:50 equity participation in Orchard Maritime Services (OMS), a subsidiary of LDA. OMS currently operates a fleet of modern vessels capable of transporting various agricultural and mineral commodities as well as GAR’s cargoes. The joint ownership of OMS will create a reliable and efficient maritime transportation network in Indonesia."
This stock opened 0.55, reached a high 0.555 and closed there on 3 July 2014 with 19.19M changed hands.
Overall STI should be good today as the US non-farm payroll was good yesterday "A strong jobs report Thursday was enough to push the Dow Industrials to their first close above 17,000 in holiday-shortened trading. Here’s the recap of the day’s record activity. Also see a compact rundown of the day’s trading activity in Market Snapshot."
With this, are we expecting this stock will go further north today???
Trade/invest with prudent.....good luck!
ekomuwaOn last Friday (4 July 2014), saw this stock with increased volume to 29.43M changed hands. There was heavy buying around 0.55 and 0.555. This sock opened at 0.555, ever went down to 0.545 and ever shoot up to 0.56, closed at 0.55. Personally, I felt many buyers entered their positions already, should see more support this week, however, resistance level shoud around 0.565~0.57....When world cup going to end by next early or mid week, activity should back to stock market....trade/invest prudently.
ekomuwaMore news on Golden Agri strategic move..." http://seashipnews.com/News/Golden-Agri-Resources-and-Louis-Dreyfus-Armateurs-join-forces-in-Indonesia/3w3c2361.html". Long term wise shall see golden agri cost effectiveness in its sea-freight, this should value-add to its stock???? and impact positively its bottom-line?....Do our homework before we trade/invest into this stock....
ekomuwaGolden opened at 0.555, hovering around the price range of 0.55 and 0.56 on 8 July 2014 with 11.3M changed handed. look like the price positions at 0.50 and 0.555 found resistance as well support with reduce vol trade. The market sentiment is a cautious one, majority of the players are looking for direction now. From a fundamental analysis point of the CEO of golden agri said this in its Q1 2014 press release.
INDUSTRY OUTLOOK (http://www.goldenagri.com.sg/pdfs/News%20Releases/2014/GAR24-14-05-2014%20-%20Press%20Release%20-%201Q2014.pdf)
Chairman and Chief Executive Officer, Mr Franky Widjaja commented: “We are confident on the positive long-term outlook for the palm oil industry. Demand growth is expected to continue in both food and non-food usage which include biodiesel and oleochemicals. We expect that the low cost of production and high efficiency in land use will ensure that palm oil continues to be the most competitive edible oil to meet growing future demand. The industry experienced positive momentum starting from the second half of 2013 after the Indonesian Government’s announcement to increase its biofuel targets. On the supply side, there is increasing evidence of a potential El Nino occurring in 2014, which historically is positive for palm oil prices. Meanwhile, we expect CPO prices to continue to be volatile as influenced by global economic conditions and crude oil prices.”
It seems to me if you are a mid-to-long term investor, this stock worth accumulation. short term, I felt that this stock may face some upward resistance at 0.555 or 0.56, if it break up, then it will move toward its next strong resistance region at 0.57 and 0.58 before it challenges 0.615....trade/invest prudently and do your own homework before you act.....
ekomuwaHeavy selling was evidence yesterday for golden agri as the stock dropped 1 cent from 0.555 to 0.545 with 33.45M changed, I noticed there was a increasing trading vol since Monday. There was some effort to push the price up to a high of 0.56. However, seller out number buyer and pushed it down to 0.545 and closed there when the market closed. Will today see buying interest back to support this stock?????
ekomuwaGolden Agri formings a downward channel, short term resistance at 0.55, high potential it will go and test 0.51 ~ 0.52, shall find a strong support at 0.505, outlook for short term still bearish....do your homework and trade/invest prudently...
ekomuwaopened 0.555, closed 0.56 with 21.36M changed hands, it touched the resistance line formed by the downward channel (too bad I can't attach its chart for viewing). Be careful for those who want to take a long position. Base on TA, my assessment is that if Golden Agri unable to break up at hold well above 0.56, this stock shall retract toward 0.51 ~ 0.52 region. Do your homework, trade and invest prudently...!
ekomuwaat cross road now...short term may challenge 0.56, but mid term should go down to 0.505....any comment??
ekomuwaNext support at 0.505, this stock may at range trading now between 0.505 and 0.57. If 0.505 is a strong support, this stock may rebounce up for short term. Just based on TA analysis. Do your homework and invest/trade prudently.
NallayakHousing board got immense power to acquire land, so land that survived acquisition will mean more expensive land in future
NallayakWith R&F dazzling fireworks display and sleek sales gallery, white sandy beaches, make Vantage Bay launch a non starter. Wait till R&F sell out or increase prices then only purchasers may have a look at Vantage Bay
zendenwhy this stock can't go up as much as breadtalk or sheng shiong?
albertlawAfter 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
mirinjungWe initiate coverage of Global Invacom (GI) following its recent admission to AIM and placing. GI is a leading global supplier of ground equipment in the satellite communications market. Its expansion has come from a combination of strong organic growth as well as increased critical mass from acquisitions. The group’s valuation remains substantially lower than many of its international peers, and the AIM li sting, couped with greater share liquidity, should provide a platform for investors to ride a potential rerating as well as enjoy strong earnings growth, derived from market share gains in a growing market. It continues t o see its market as offering consolidation opportunities.
Placing and introduction to AIM. The group is now dual-listed. It has added
an AIM listing to its existing listing on the Singa porean Exchange. To facilitate growth and selective acquisitions, the group has raised £8.8m in new equity. This represents a 19% increase in the equity base .
Growth drivers. The ongoing adoption technology gy for HDTV, broadband and direct broadcast satellite (DBS) continues to drive satellite ground equipment growth. In addition to the underlying market grow the GI aims to increase market share overall with a focus on growth in Asia, helping to diversify its customer base. New products, new territories and new customer relationships will all drive market share growth. The group will leverage its reputation for innovative new products, with facilities in the UK, Malaysia and China providing manufacturing flexibility and an integrated supply chain. Management has built the group through a series of acquisitions and aims to achieve further market share growth, targeting smaller players in a fragmented market Valuation, The shares trade on a P/E rating of 10.2x in 2015, a significant discount versus its international peers in the satellite broadcast equipment market on 13.7x and UK electronic equipment peers on 13.9x in 2015. We believe there is significant scope for a re-rating as well as ongoing above average expectations. We set a fair value target at a peer group average 13.8x 2015 earnings, which generate a target price of 29.0p. The current discount of 27% should dissipate over time as the group moves closer to its peer group average rating. As such , this offers significant upside.