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Share px creeping back quietly to abt 1 the last few days. Cld be sale of US unit taking off?
Trader130 ( Date: 08-Jul-2019 08:56) Posted:
I worried the expenses , any improvement on that ? How am I able to trust the management if they do not prove to cut expenses
destinykraze ( Date: 03-Jun-2019 12:35) Posted:
Thats why im puzzled when ppl say singpost is a good buy. The amount of expense is going to increased and they offer lower profit margin to keep customer(mainly because they kept offending the customer by providing poor service)
It' s a neverending spiral. Like I said, singpost needs a major restructuring and that would take few years to see positive effects. Singpost is only a good buy when it is oversold. Probably at $0.80 |
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All dead listed coys here can privatise n dismantle the whole bourse. What kind of financial hub are we?
bishan22 ( Date: 08-Jul-2019 07:44) Posted:
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It' s always DYODD. I' d like to see shortists short it down further too.
Stocky901 ( Date: 07-Jul-2019 15:56) Posted:
With this kind of uncertainty, more dips are expected for coming weeks. have to be careful..
rlong8288 ( Date: 07-Jul-2019 15:43) Posted:
| would buy only when the dust settle, no point taking the risk with order reducing not worth taking the risk |
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This is the most critical fact that everyone has to take note of ie, if it is true that it is a case of someone allegedly bribing an SMM officer n not, unlike KC' s case, where KC was penalised in the SB case to win contracts. I was gonna make this pt too. So, in this case, is SMM guilty of wrong doing? At most, it' s an oversight issue where there was elleged derelection of duty on SMM" s management' s part (in which case, those involved ought to be disciplined). Even if Brazilian law holds that SMM is liable, I wld figure that the penalty wld be far less severe than that meted out to KC. N importantly too, SMM wldn' t be penalised by CPIB under SG law (unlike where KC was penalised), I wld figure too. If SMM is liable for penalty under SG law, then in so many other cases involving coys, n even public agencies, whose staff were convicted of corruption, the coys themselves wld have likewise been convicted too. One case that comes to mind was the ' sex for contracts' case (remember?). So, I' ve revised my personal position on the SMM case n started hooting its shares already.
smoothsailing ( Date: 07-Jul-2019 13:22) Posted:
Think still a lot of misunderstanding over new search on SMM Brazil(EJA).
https://clickpetroleo.com.br/estaleiro-da-sembcorp-recebe-visita-da-pf-operacao-lava-jato-acoes-caem/
The NEW important point is that Guilherme Esteves de Jesus(GEJ), the agent for SMM in Brazil, is alleged by the Brazil investigators of possibly transferring bribes to the boss of SMM Brazil, Martin Cheah, who we understand is uncontactable. If true, this means that SMM' s agent may have bribed SMM' s boss in order to retain him as agent, ie: a kickback. This does not support the main accusation that SMM bribed SeteBrazil/Petronas at all. It is totally irrelevant.
Even if Guilherme(GEJ) is guilty, the crime committed is very different from that of SMM bribing SeteBrazil/Petrobras, it is just between two individuals, does not involve any public servant, it does not involve Petrobras, and any penalty involved will be very, very low compared to if SMM was guilty of bribing SeteBrazil/Petrobras.
In fact, I think it is possible that SMM informed the Brazil prosecutor of their own internal findings concerning Martin Cheah and Guilherme(GEJ), and that' s why SMM Brazil(EJA) had the follow up search done on its offices.
So the " raid" was done at the request of SMM itself, in order to tie up or close up the investigation. Of course, the Brazil prosecutors insist that SMM is guilty of bribing, but I suspect they have no good evidence and this case is moving to a no-fault settlement somewhere down the road for a much smaller penalty than Keppel. |
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Out of the last four yrs, last yr' s div payout was the 2nd lowest.
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Savings from lower interest rate env going forward, one-time gain from forfeiture of deposit from aborted hotel sale, completion of CH sale. Three +ves to look out for that cld spell higher div from Ox. Also, if a fresh bullish hotel-sale deal does emerge, I think Ox' s share px cld be pushing higher. I' d target another 10-20% if all these +ves are realised.
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Lile HLF, GS wld not qualify cos of the controlled by sporeans provision. In any case, I doubt if GS wld be interested. It surely wld need to direct its energy n resources towards properly executing its expansion plans for RWS.
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Then why they de-merge in the first place. Wasn' t it bcos SIA was becoming too large n unwieldly to survive in an ever accelerating competitive environment? Didn' t the de-merger enable SIAE to function more nimbly n efficiently, n to take on additional business (outside of SIA) more easily? So, is there any cogent case to reverse when SIA itself now might have other more priorities to manage? That' s my take. Le' t see what might happen otherwise though.
CheeryVGoh ( Date: 05-Jul-2019 12:05) Posted:
BUSINESS TIMES :
THE Singapore Exchange (SGX) on Friday morning queried SIA Engineering for " unusual price and volume movements" in its shares after the market opened.
As of 10.07am, SIA Engineering shares were trading at S$2.89, up 17 Singapore cents or 6.3 per cent. On Thursday, the counter closed 8.4 per cent or 21 Singapore cents higher at S$2.72 on high volume.
The spike in SIA Engineering shares may indicate the possibility of privatisation by parent company Singapore Airlines (SIA), DBS analysts said on Friday morning in a research note before the SGX query was issued.
DBS analysts Paul Yong and Suvro Sarkar called the stock&rsquo s volatility " uncharacteristically high" , which they believe could have been fuelled by renewed talk of privatisation by SIA.
" SIA Engineering&rsquo s stock price has performed poorly of late, and could thus provide a value-for-money privatisation target for SIA,&rdquo they said.
For the past 12 months, SIA Engineering&rsquo s share price has trended down 20 per cent to S$2.51 prior to the sharp rise, on " uninspiring" quarterly results and lower dividend expectations, said the analysts.
With SIA&rsquo s close to 78 per cent stake in SIA Engineering&rsquo s maintenance, repair and operations (MRO) unit and the stock&rsquo s low liquidity, the rationale for privatisation would be " pretty strong" , DBS said.
In addition, SIA being a cash rich company means it would not have to leverage on the equity capital markets for financing, along with not having any significant acquisitions under its belt.
However, remaining separately listed from SIA will give SIA Engineering an &ldquo aura of independence&rdquo , important in retaining perception as an independent MRO provider, said the analysts. This is because it has to bid for work from other airlines, which currently accounts for around 40 per cent of its revenue.
Should the privatisation materialise, DBS is estimating a premium of around 10 to 30 per cent above the last closing price, translating to an offer price of between S$2.75 and S$3.26 per share.
DBS has thus upgraded SIA Engineering to " buy" based on the M& A or privatisation premium, with a raised target price of S$3.01. It said current valuations for the firm are at multi-year lows of about 16 times forward price-to-earnings, and dividend yield is healthy at close to 4.5 per cent. Downside risks are thus limited even if the privatisation does not materialise, it said.
DBS added that it would cost SIA S$748 million to privatise SIA Engineering at S$3.01 per share for remaining shares it does not already own, which is 22 per cent.
A privatisation would also buy more time for SIA to restructure or streamline SIA Engineering as needed.
For SIA&rsquo s own earnings, privatisation can provide a marginal one per cent uplift to the airline&rsquo s fiscal 2020 earnings, and two per cent to its fiscal 2021 earnings, assuming the cost of debt of 3 per cent and six months contribution in the financial year ending March 2020, said DBS.
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With HKD strengthening, will the div, upon conversion translate into a slightly bigger amt for shareholders?
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Qn : Who makan whom this time ard?
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If I' m hearing the news correctly, MAS hasn' t actuall appln yet (seems like to start next mth?).
Trader130 ( Date: 05-Jul-2019 16:23) Posted:
Anyone know whether they already apply ?
investshare ( Date: 05-Jul-2019 14:35) Posted:
| Will GS apply digital bank license? After all so much money flow thru it every day. |
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HLF will not get a dfb. To my mind, it does not meet the requirement.
Starship ( Date: 03-Jul-2019 14:38) Posted:
SingTel, Hong Leong will get digital bank licences
July 2nd, 2019
It&rsquo s a nap that two of the licences will go to SingTel (or a SingTel jv) and Hong Leong Group.
SingTel or a jv led by it will get one of the two digital full bank licences, which will allow licensees to provide a wide range of financial services and take deposits from retail customers. The focus of a SingTel bank will be regional remittances via its regional network of telcos. Think of all the Peenoy and Indon maids who remit money via remittance firms.
Grab or Go-Jek could decide to try to cut a deal with SingTel, rather than apply for a virtual bank licence themselves because they can bring to the party a regional presence via their apps etc. But SingTel may be too greedy to do a jv. I suspect the authorities will make SingTel tie up with Go-Jek or Grab. But the other co will not be left out in the cold (see below) because I think the authorities want competition here between the two and because Temasek has stakes in both: Temasek, GIC got this right in our backyard. Related post: Offered money, Grab it
Hong Leong group will get one of the up to three digital wholesale bank licences, which will allow licensees &ldquo to serve SMEs (small and medium-sized enterprises) and other non-retail segments&rdquo . Hong Leong Finance is a de facto SME bank though people like Inderjit Singh and Jack Sim are not happy with the way it does biz, and are forever KPKBing for really cheap financing for SME owners, even though it&rsquo s a fact that SME owners often divert biz loans to buy property.
Grab, Go-Jek and Razor will try for the other virtual bank licence, though I think they&rsquo ll have to find a S&rsquo porean partner because I&rsquo m sure they will try to get M1 owned by Keppel and SPH to partner one of them.
But as I said for Grab and Go-Jek working with SingTel could be a better bet if SingTel is not too greedy. The other could then tie up with M1.
Cynical Investor
http://www.tremeritus.net/2019/07/02/singtel-hong-leong-will-get-digital-bank-licences/
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Where got news type. The only news is when coy issues statement to deny that there is any news.
JesseTyler ( Date: 05-Jul-2019 11:43) Posted:
Any news on this? I don' t hear much about this from my side.
bishan22 ( Date: 05-Jul-2019 11:36) Posted:
| Pierce thrust 85... power siah... |
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Qn : When will all these ' good news' translate into a more bullish share px. Sg morst small property counters are just dead.
stockinvestor ( Date: 05-Jul-2019 15:15) Posted:
| 599 out of 735 caveats lodged for Parc Botannia = 81.5% sold. Average Selling Price 1289.29psf. |
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N it sucks customers dry ......
investshare ( Date: 05-Jul-2019 14:53) Posted:
Essentially casino is a bank.
It issue currency, ie chip.
It take deposit.
It gives loan.
Trader130 ( Date: 05-Jul-2019 14:48) Posted:
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I saw the article yesterday. Seems to me that while the headline screamed something, the focus of the article was more on a european nominee being a more likely candidate to succeed CL. Anyway, there have been other people from the developing world filling leadership roles in global bodies - eg U Thant n Kofi Annan (UN SGs) Mohd Elbaradei (IAEA), etc. So, for me, while no intention to put anyone down, no particular reason to be over elated either.
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Thx, brother. Pt noted. To me though they' ve so often given so many hopeful tps that were so mouth-watering but somehow never got there - far from it in fact. The egs I gave on UOL n HK Land are valid. Before last July' s PCM (cooling measures), their tp for UOL was 10+, n HK Land also above 10 (for HK Land I can' t find my notes now, so it' s recalling from memory). Also, they had a call of 1.18 for Chip Eng Seng. All these were way above trading range ard that time n, with benefit of hindsight, unattained. Oh, n they also had a tp of 2.90 for this submarine ard this time last yr. Problem with these calls is, the got lots of people so excited that they kept straining till neck break but never got to smell anything.
pasttime ( Date: 04-Jul-2019 20:40) Posted:
Qanghoo, greetings
do not think the their target price for uol and hk land is lofty. consider these price targets conservative.
like uol, their nav is 11+. and the cited target price is only 70+% of nav. their payout of dividend is covered by earnings. although i think uol is quite stingy on the dividend. their product is selling. like tre ver is a well received development, 577 units sold since last year (almost 80% sold) .
their hotel brand name is building well think does not have much value attached to the brand name yet.
hk land owns many prime office and retail space in hk and singapore. the outlaws in hk are causing concerns and it is attractive at current price. trading at price/book 0.41
these are solid companies that can be hold for long term with lower dividend yield but their asset appreciations over time is a winning point.
only for those who want to hold long term.
both are prudent in their property development and recurring income management.
vested interest. caveat emptor.
Qanghoo ( Date: 04-Jul-2019 18:19) Posted:
| Over the last few yrs, how many of their buy tps were accurate? Eg, lofty px for stocks like UOL n HK Land were too distant to even spot with a telecope !!! |
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Is that so? Any proof of that?
Stocky901 ( Date: 04-Jul-2019 19:28) Posted:
They have to do that as they managed the recent 1.5b bond issue.. dyodd.
Maller ( Date: 04-Jul-2019 17:51) Posted:
Dbs just gave a buy call to it?
Sembcorp Marine: BUY
Last Traded Price: S$1.41 Price Target (12-mth): S$2.40
(Upside 70.2%)
Please refer to their report for more info. Dyodd. Huat arr |
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Over the last few yrs, how many of their buy tps were accurate? Eg, lofty px for stocks like UOL n HK Land were too distant to even spot with a telecope !!!!
JesseTyler ( Date: 04-Jul-2019 18:02) Posted:
then it is likely a signal for you to sell. They need people to buy so that they can sell.
Maller ( Date: 04-Jul-2019 17:51) Posted:
Dbs just gave a buy call to it?
Sembcorp Marine: BUY
Last Traded Price: S$1.41 Price Target (12-mth): S$2.40
(Upside 70.2%)
Please refer to their report for more info. Dyodd. Huat arr |
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Probably some truth. For some, visibility is important.
AttasBoss ( Date: 08-Jun-2019 21:14) Posted:
if this is the case, there will not be the big names out there choose to privatise..namely MCL, Wheelock, Sim Lian, Allgreen, SC Global..you name the rest
pasttime ( Date: 08-Jun-2019 15:53) Posted:
listing has it' s status.boss of listed co is an added value to their name.
if they want to increase their paper wealth. they can push up the prices to the next level.
a listed co is like a money printing machine. just how one do it so that all will believe and not take it as a co with banana shares.
if they have more money to invest. they can do another ho bee. |
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