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Latest Posts By yingli - Veteran      About yingli
First   1-20 of 99   Older>   Last  

22-Sep-2014 19:56 Yongnam   /   Yong nam       Go to Message
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Lol bro, you don' t know how bad the situation is nia LOL

I got one friend working in ERA one........he is one of the most successful Junior manager.

According to him, some developers can' t even sell their inventories that they have to sell to own employees at a discount.

Those employees can later sell to market.

Also in some show house.........you see quite a number of customers but they are family members of the developers employees.

 

 

Qanghoo      ( Date: 22-Sep-2014 19:49) Posted:



These profits of doom are just overblowing the situation.  Afterall, there there is no accountability.  Don' t think it' d be as bad as they say.

yingli      ( Date: 22-Sep-2014 19:43) Posted:



Oooor   Ooooor

Look like someone is in hot soup now !

How posh homes sold at big-time losses are crippling Singapore banks' profitability

Singapore Business Review  &ndash   5 hours ago

RELATED CONTENT



 

Housing NPL ratio could be at risk.

In Singapore, cases of expensive homes sold at significant losses have stoked fears of more to come, potentially crimping banks&rsquo profitability.

According to a research note from Maybank Kim Eng, however, history has showed that even during 1998-2003 when Singapore and ASEAN were buffeted by major economic setbacks, housing NPL ratios stayed below 5%.

Hard lessons learned, the impact should be more manageable in another major crisis, said the report.

At a 9.8% housing NPL ratio (currently 0.5%), extrapolated from OCBC&rsquo s peak during the Asian financial crisis, UOB should be the most vulnerable, with a 17.8% EPS risk. OCBC is next, with 14.0% and DBS, with 13.9%.

Here' s more from Maybank Kim Eng:


History a good gauge. We think history is a good guide as Singapore is a homogeneous society and no major behavioural shifts among its home buyers have been detected so far.

Borrowers usually only default on their home loans as a last resort. The only difference today is banks&rsquo greater exposure to the housing market, as HDB has scaled back its presence.

HDB&rsquo s current focus on lower-income households has reduced the banking system&rsquo s exposure to the financially less well-off.

While it has ceded substantial ground to banks over the past 10 years, it remains a key financier in the housing sector and continues to extend home financing to less well-off households.

Based on Mar 2014 data, housing loans extended by the HDB amounted to SGD36.6b, constituting 17.6% of all outstanding housing loans.

Housing loans&rsquo historical resilience. Through the global slowdown in 2001, terrorist attacks in the US in Sep 2001 and SARS outbreak in 2002-03, Singapore banks&rsquo housing NPL ratios stayed below 5%.

The exception was OCBC. The above rough economic patches served as hard lessons for the banks and regulators. Since then, banks have spruced up their risk-management systems.

OCBC, which suffered the most from the housing slippage during the Asian financial crisis, was far more insulated when GFC struck. Its housing NPLs continued to improve amid the global turbulence, defying industry trends.


More From Singapore Business Review 


Good Post  Bad Post 
22-Sep-2014 19:44 KrisEnergy   /   KrisEnergy       Go to Message
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Almost time for Kris to run liao :)
Good Post  Bad Post 
22-Sep-2014 19:43 Yongnam   /   Yong nam       Go to Message
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Oooor   Ooooor

Look like someone is in hot soup now !

How posh homes sold at big-time losses are crippling Singapore banks' profitability

Singapore Business Review  &ndash   5 hours ago

RELATED CONTENT



 

Housing NPL ratio could be at risk.

In Singapore, cases of expensive homes sold at significant losses have stoked fears of more to come, potentially crimping banks&rsquo profitability.

According to a research note from Maybank Kim Eng, however, history has showed that even during 1998-2003 when Singapore and ASEAN were buffeted by major economic setbacks, housing NPL ratios stayed below 5%.

Hard lessons learned, the impact should be more manageable in another major crisis, said the report.

At a 9.8% housing NPL ratio (currently 0.5%), extrapolated from OCBC&rsquo s peak during the Asian financial crisis, UOB should be the most vulnerable, with a 17.8% EPS risk. OCBC is next, with 14.0% and DBS, with 13.9%.

Here' s more from Maybank Kim Eng:


History a good gauge. We think history is a good guide as Singapore is a homogeneous society and no major behavioural shifts among its home buyers have been detected so far.

Borrowers usually only default on their home loans as a last resort. The only difference today is banks&rsquo greater exposure to the housing market, as HDB has scaled back its presence.

HDB&rsquo s current focus on lower-income households has reduced the banking system&rsquo s exposure to the financially less well-off.

While it has ceded substantial ground to banks over the past 10 years, it remains a key financier in the housing sector and continues to extend home financing to less well-off households.

Based on Mar 2014 data, housing loans extended by the HDB amounted to SGD36.6b, constituting 17.6% of all outstanding housing loans.

Housing loans&rsquo historical resilience. Through the global slowdown in 2001, terrorist attacks in the US in Sep 2001 and SARS outbreak in 2002-03, Singapore banks&rsquo housing NPL ratios stayed below 5%.

The exception was OCBC. The above rough economic patches served as hard lessons for the banks and regulators. Since then, banks have spruced up their risk-management systems.

OCBC, which suffered the most from the housing slippage during the Asian financial crisis, was far more insulated when GFC struck. Its housing NPLs continued to improve amid the global turbulence, defying industry trends.


More From Singapore Business Review 
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22-Sep-2014 11:03 GLD USD   /   Gold & metals       Go to Message
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BMM You got buy gold also???

Bigmama      ( Date: 22-Sep-2014 11:01) Posted:

Hope to see a dragonfly soon.
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17-Sep-2014 17:01 Yongnam   /   Yong nam       Go to Message
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Property stocks still trading at huge discounts despite share price rebound

Singapore Business Review  &ndash   6 hours ago

RELATED CONTENT



 

Residential softness to stay for another 2-3 years.

A reprieve came earlier in the year boosted by M& A for several property-related stocks, as transacted prices have softened and property stocks have been sold down.

According to OCBC Investment Research, this narrowed the discount to RNAVs for most property stocks as prices rallied.

However, despite the slight recovery in developers&rsquo share prices, most property stocks are still trading at substantial discounts to their book and RNAVs.

OCBC expects the softness in demand for Singapore residential properties to stay for a while at current transacted prices, However, OCBC believes that weakness is also an opportune time to positions for long-term recovery.
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17-Sep-2014 08:17 Yongnam   /   Yong nam       Go to Message
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OOPS another property developer TOH LIAO....when will it be YongNam' s turn?

 

Cost overrun led to $10.7 million loss



TEE International has announced yesterday it made a loss of $10.69 million, instead of a profit of $8.26 million as reported earlier. In a statement, the Singapore-listed company said, The variances were primarily due to a one-off project cost overrun amounting to $18,950,000 on a completed project. Based on the information available to-date, current developments and discussions with various professionals, management has decided, in the interest of prudence, to recognise the cost overrun in full. The company is taking action to recover the cost overrun from the sub-contractors. In one of the companys claim against its sub-contractors, the arbitrator has ruled in favour of the company with only the quantum of the claim to be determined, it said in an SGX announcement. An integrated engineering, real estate and infrastructure group, TEE Internationals operations span primarily in Singapore, Thailand, Malaysia, Hong Kong and New Zealand. On 8 September 2014, the group announced it secured another $73 million worth of new contracts in Singapore

yingli      ( Date: 11-Sep-2014 01:38) Posted:



More and more analysts becoming more and more pessimistic about Singapore property market.

Just 1 year ago, I still read many analysts predicting recovery in property market or Gov going to remove those cool measures soon.

These analysts said until " wu lei wu hong" (got thunder got wind), now suddenly all screaming for danger in the prop market

Very ironic, analysts supposed to forecast and predict better than the market but yet so many failed.....so what good are they (analysts) for? 

Only tell us market crash when market really crash.......they think we cannot see for ourselve?

 

weather forecasting rock photo weatherforecaststone1.jpg

 

 

 

 

 

Home prices may drop 20% by 2016: report

Property Guru  &ndash   14 hours ago
 


Home prices in Singapore could fall by 20 percent between 2014 and 2016 as economic restructuring, tighter population policies and property measures continue to weigh on the real estate market, according to a Bank of America Merrill Lynch (BOAML) report in the media. We believe the fate of the market will depend very much on the direction of policy, particularly on restructuring, immigration and foreign workers, as well as the timing of the relaxation of strict property measures, wrote economist Chua Hak Bin in the report. He noted overly tight population policies will limit the number of a younger foreign workforce, and affect property prices. Maintaining the cooling measures would also " imply a greater negative impact from rising mortgage rates and persistence of housing distortions" . On the restructuring front, Chua believes Singapores move to a productivity-driven growth model, which is a long-term process, has produced mixed results. Notably, it has reduced the growth of Gross Domestic Product (GDP), while employment growth and total job creation is expected to moderate this year. We do not see the government reversing course, but a pause may be in order...as companies, particularly SMEs, are having trouble adjusting to the speed of the tightening, said Chua. Any potential relaxation of property cooling measures is likely to happen only in H2 2015, as cyclical property measures such as stamp duties and loan-to-value limits may be relaxed when US interest rates and Singapore mortgage rates start rising.     Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories emailmuneerah@propertyguru.com.sg   

Good Post  Bad Post 
15-Sep-2014 23:19 BreadTalk   /   BREADTALK GROUP LIMITED       Go to Message
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This kind of thing we can ownself Google bro....

http://www.thestandard.com.hk/news_detail.asp?we_cat=11& art_id=149442& sid=42985307& con_type=3& d_str=20140915& fc=10

 

Massive oil clampdown

Hilary Wong 

Monday, September 15, 2014
 


Hong Kong food authorities yesterday ordered a massive recall and ban on all 25 lard and lard products imported from Chang Guann at the center of the " gutter oil" scandal in Taiwan, and banned all food made with the products.

The move comes on the same day that 500 tonnes of lard and lard products made on or after March 1 and imported by six Hong Kong companies were recalled and banned under a food-safety order.

The companies are Globalway Corp, Urban Food, Dah Chong Hong, Synergy Foods, Angliss Hong Kong Food Service and Hop Hing Oil Procurement.

Last night the Centre for Food Safety released a list of 300 retailers and distributors to which the six companies supplied the products.

It includes Breadtalk Concept in City Plaza' s Food Republic in Tai Koo Shing, a few branches of Shanghainese restaurant Wang Jia Sha and Sheung Shui bakery Orchid Padaria.

So far just one-tenth of the 500 tonnes of oil from the six companies have been marked and sealed. The center said the recall and ban are not limited to just the 25 products, such as Chuan Tung and Ho Chiang Fragrant lard.

" According to the information from the Taiwanese authorities, the substandard lard/lard products from Chang Guann were produced from substandard ingredients such as recycled waste oils and lard for animal feeds," a center spokesman said.

Director of Food and Environmental Hygiene Vivian Lau Lee-kwan said: " Importers, distributors and retailers must, within a period of 14 days, recall and 


dispose of the affected food that they have supplied in accordance with the specified manner set out in the order.

 

" They must report to the Food and Environmental Hygiene Department within two working days upon completion of recall."

Persons who contravene the order might be liable to 12 months in jail and a HK$100,000 penalty.

" Today Taiwan could not prove to us that Hong Kong is not affected," Lau said. " They also gave us some information on the six companies."

Chang Guann boss Yeh Wen-hsiang was detained by prosecutors in Pingtung, southern Taiwan, on Saturday.

In Hong Kong, three people were released on bail after being arrested for fraud by police investigating trading company Globalway.

MichaelSchenker      ( Date: 15-Sep-2014 23:15) Posted:



ok, please point/link us up on any articles that about this story.

Otherwise, you must be willing to bear the consequences of libel.

lucasx      ( Date: 15-Sep-2014 22:36) Posted:

Breadtalk Hongkong, gutter oil from taiwan.


Good Post  Bad Post 
15-Sep-2014 17:20 China Fishery   /   China Fishery - Low PE       Go to Message
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Wah say, I remember you.....you are the clown who sprout nonsense at Olam thread.

Wah say, when Olam kena short you say until got dragon got tiger lurking in Olam

Wah Say, when Olam recover you disappear like you never existed before

 

WAH SAY !

EZ3626      ( Date: 15-Sep-2014 17:11) Posted:



Waasay ..... market very choppy .... pretty mix. Don' t think I want to go in at this moment

Trade summary

63 trades         Vol 562,000             Buy   358,000                 Sell   204,000

Wait and see 

 

Good Post  Bad Post 
12-Sep-2014 18:02 Valuetronics   /   Biz Times june 26..Valuetronics to expand       Go to Message
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Haiz troublesome stock to short.......
Good Post  Bad Post 
12-Sep-2014 13:24 STATS ChipPAC   /   STATSChP       Go to Message
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That' s why I am asking him........he hasn' t respond.

pepperfox      ( Date: 12-Sep-2014 10:43) Posted:



why the ratio of 1: 3?

yingli      ( Date: 11-Sep-2014 23:06) Posted:



1:3 exchange?

Why did you determine that ratio?


Good Post  Bad Post 
11-Sep-2014 23:10 STATS ChipPAC   /   STATSChP       Go to Message
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Thanks

yingli      ( Date: 11-Sep-2014 23:06) Posted:



1:3 exchange?

Why did you determine that ratio?

sharemalls      ( Date: 11-Sep-2014 23:00) Posted:



Jcet current stock price about SGD2.26.

A 1 for 3 share exchange will price Stats Chippac at SGD0.755 per share.


Good Post  Bad Post 
11-Sep-2014 23:06 STATS ChipPAC   /   STATSChP       Go to Message
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1:3 exchange?

Why did you determine that ratio?

sharemalls      ( Date: 11-Sep-2014 23:00) Posted:



Jcet current stock price about SGD2.26.

A 1 for 3 share exchange will price Stats Chippac at SGD0.755 per share.

Good Post  Bad Post 
11-Sep-2014 22:42 Japfa   /   Japfa IPO 15 August       Go to Message
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x 0 		? Yup still holding lol....me done homework one.

kimchi_korea      ( Date: 11-Sep-2014 17:18) Posted:



Are you sure still keep for $1?

yingli      ( Date: 11-Sep-2014 13:03) Posted:



Done researching $1 tp.....and still waiting lol


Good Post  Bad Post 
11-Sep-2014 13:03 Japfa   /   Japfa IPO 15 August       Go to Message
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Done researching $1 tp.....and still waiting lol

dragonn      ( Date: 11-Sep-2014 09:50) Posted:



This counter is still good the only time when I let go is when it breaks 0.80, but you guys do your own research

dragonn      ( Date: 08-Sep-2014 09:35) Posted:



I believe the recent down could be the bird flu scare

http://english.vietnamnet.vn/fms/business/111186/business-in-brief-5-9.html

Disease-free breeding areas are setup in many Agriculture industry to prevent the spread of these diseases.


Good Post  Bad Post 
11-Sep-2014 01:38 Yongnam   /   Yong nam       Go to Message
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More and more analysts becoming more and more pessimistic about Singapore property market.

Just 1 year ago, I still read many analysts predicting recovery in property market or Gov going to remove those cool measures soon.

These analysts said until " wu lei wu hong" (got thunder got wind), now suddenly all screaming for danger in the prop market

Very ironic, analysts supposed to forecast and predict better than the market but yet so many failed.....so what good are they (analysts) for? 

Only tell us market crash when market really crash.......they think we cannot see for ourselve?

 

weather forecasting rock photo weatherforecaststone1.jpg

 

 

 

 

 

Home prices may drop 20% by 2016: report

Property Guru  &ndash   14 hours ago
 


Home prices in Singapore could fall by 20 percent between 2014 and 2016 as economic restructuring, tighter population policies and property measures continue to weigh on the real estate market, according to a Bank of America Merrill Lynch (BOAML) report in the media. We believe the fate of the market will depend very much on the direction of policy, particularly on restructuring, immigration and foreign workers, as well as the timing of the relaxation of strict property measures, wrote economist Chua Hak Bin in the report. He noted overly tight population policies will limit the number of a younger foreign workforce, and affect property prices. Maintaining the cooling measures would also " imply a greater negative impact from rising mortgage rates and persistence of housing distortions" . On the restructuring front, Chua believes Singapores move to a productivity-driven growth model, which is a long-term process, has produced mixed results. Notably, it has reduced the growth of Gross Domestic Product (GDP), while employment growth and total job creation is expected to moderate this year. We do not see the government reversing course, but a pause may be in order...as companies, particularly SMEs, are having trouble adjusting to the speed of the tightening, said Chua. Any potential relaxation of property cooling measures is likely to happen only in H2 2015, as cyclical property measures such as stamp duties and loan-to-value limits may be relaxed when US interest rates and Singapore mortgage rates start rising.     Muneerah Bee, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories emailmuneerah@propertyguru.com.sg   
Good Post  Bad Post 
11-Sep-2014 01:15 STATS ChipPAC   /   STATSChP       Go to Message
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I say first====> > > The guy below not my business.....don' t anyhow accuse me.

I want to slap you, can just go straight for your face....no need go one big round.  Certainly you already recieved my greeting, didn' t you ?

 

Peace.
Good Post  Bad Post 
10-Sep-2014 18:17 Shen Yao   /   ThinkEnv name change to Liongold Corp       Go to Message
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very cool

RoundRound      ( Date: 10-Sep-2014 18:14) Posted:

I think at historical low liao. Also eyeing if can hit 4c to scoop up some for High-Risk High-Return bet. Not working on fundamental liao, plain betting to double my investment

cccx123      ( Date: 10-Sep-2014 18:00) Posted:

My basket at 3-4cts come on...lol. Damn sad nia. From $1.80 to now 5cts. Not sure if this company ever traded so low before.
Good Post  Bad Post 
10-Sep-2014 16:40 STATS ChipPAC   /   STATSChP       Go to Message
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I thought Seven month over liao.....

hungry

Kyoto2008      ( Date: 10-Sep-2014 16:33) Posted:



I think foucs69 can see through everything.   

nqing87      ( Date: 10-Sep-2014 16:32) Posted:



isint bro tianji bullish about  this  like a week+ ago? like suddenly flip roti prata become totally different person


Good Post  Bad Post 
10-Sep-2014 16:17 STATS ChipPAC   /   STATSChP       Go to Message
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dance we GIF dance off (12 gifs)
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10-Sep-2014 11:59 STATS ChipPAC   /   STATSChP       Go to Message
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  • Anyway the following is Ser Jing Chong Reply

     

     

    Chong Ser Jing


    Hi Han Xin. If you' ve noticed, a number of your comments aren' t appearing on our articles. I have no idea why, and our tech team' s working on it.

    Thanks for the thoughtful comments. Much appreciated.
     
     
  • Chong Ser Jing
    9/2, 7:42am
     
     


     

     

    Chong Ser Jing


    Oh yes. Since we can' t see the comments, just wanted to ask you for your thoughts on utilising a discount rate (WACC) of 6.9% and a long-term growth rate of 3.9%.

    3.9% is quite a tad higher than Singapore' s historical inflation rate.

    A 6.9% discount rate seems a little too generous for a cyclical company like Stats ChipPAC.

    Those are just my 2 cents. Thanks!


yingli      ( Date: 10-Sep-2014 11:57) Posted:



Repost missing image:



yingli      ( Date: 10-Sep-2014 11:56) Posted:



2 weeks ago, I was reading Motley Fool (MF) article on StatsChip.

Link here  http://www.fool.sg/2014/09/02/why-have-stats-chippac-ltd-fallen-by-11-5/

As usual, MF whacks any stock they dislike and make them sounded like worthless piece of paper. Disagreeing with their way of making decision (without valuation), I posted a reply challenging MF to do valuation before they call.

 

Two authors from MF gave the following respond:
  • Ser Jing Chong said that my assumptions are too aggressive, without stating his own assumption


  • Stanley posted another article trying to play down the importance of valuation using some ridiculous example.
  • Refer to stanley ridiculous article here:  http://www.fool.sg/2014/09/03/the-danger-of-valuation-how-much-is-singapore-telecommunications-limited-really-worth/


 

Hopefully the M& A deal for statschip goes through........

Let see if I can wipe Motley Fool' s reputation once and for all.

 


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