Latest Posts By Lucky03
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| 15-Jan-2014 01:03 |
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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Renuka Sugars was trading at Rs 30 a year ago and more than Rs 100 in 2010 when it went on an acquisition trail in Brazil, the largest sugar production nation. The last 3 yrs of softness in commodities prices has battered Renuka Sugars hard and given Wilmar a golden opportunity to take a significant stake with access to both India and Brazil markets. Renuka Sugars was planning to divest its Brazil investment initially but Wilmar indicated interest in offering financing through acquiring a stake in Renuka Sugars itself while keeping the Brazil investment. That's an ideal arrangement and may not be unfair to offer Rs 30 per share now. Renuka Sugars will be able to better restructure its debts and obtain better terms that may ultimately improve its bottomline and works toward returning it to profitability esp if commodity prices recovers. | ||||
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| 15-Jan-2014 00:19 |
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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Wilmar is on the way to becoming the world's largest palm oil AND sugar firm. | ||||
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| 14-Jan-2014 23:55 |
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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If the price drops is due to the deal, it will be a short term reaction but a mid-long term opportunity to pick up Wilmar anticipating global commodity price recovery that will ride on the anticipated Europe emerging from 3yrs of recession.
I wonder why many of the young analysts these days reckon that you can buy a functional company for a steal at near or below last traded per share price when you want to gain their market share and derive synergy to emerge as a bigger global player ! ET Home?Markets?Commodities MUMBAI: Singapore-based agribusiness major Wilmar International is close to finalising an agreement to buy up to 25% stake in India's largest sugar refiner Shree Renuka Sugars, said three persons with direct knowledge of the transaction. The Murkumbi family promoted company will issue fresh shares to Wilmar, and the deal is likely to be finalised at a price between Rs 30 and Rs 33 per share, they said. Renuka Sugars' top executives, including vice chairman and managing director Narendra Murkumbi recently met the top management of Wilmar in Singapore to iron out the last-minute glitches, said one of the persons quoted above. "Both parties will shake hands very soon. The deal is being finalised in such a way that the Murkumbi family will retain control of the company. It is more or less like the original Diageo-UB group deal," the person added. Shree Renuka Sugars and Wilmar did not respond to ET queries on the subject. Fresh issue of shares equivalent to 25% of Renuka's capital at Rs 33 per share values the company at Rs 2,900 crore. The company's shares fell around 3.95% to close at Rs 20.60 a share on Friday at the Bombay Stock Exchange. Post the transaction, the Murkumbi family's stake is expected to come down by 8% from 38.36%. The deal will help Renuka cut debt of Rs 8,477 crore arising out of expensive acquisitions in Brazil in 2010. Renuka reported a loss of Rs 374 crore in year ended March 31, 2013. Its standalone losses were Rs 184 crore in the first six months ended September 30, 2013. "The induction of a foreign partner will provide financial and business strength to Shree Renuka to handle the volatilities of the commodity business. Secondly, it will give a comfort to bankers to restructure debts," said a sugar sector analyst who does not want to be quoted. If the transaction materialises, palm oil giant Wilmar, which is seeking to grow its sugar business, will get a major toehold in two main markets ? India and Brazil. Renuka tried to sell the units in Brazil, but dropped the idea after Wilmar showed interest in the company. Its mounting losses also made such a deal inevitable, industry experts said. |
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| 14-Jan-2014 22:58 |
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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Wilmar is a cyclical stock. It may drop further but it can also bounce back just as quick. None of us can influence the palm oil price and as long as it has its use, it is elastic and the price will ultimately recover with demand. It is not easy to catch its low and 3.19 is not too far away from closing price of 3.25. Worst case is near 3.05 low of last 2 yrs when it will bounce off swiftly back up from there. The last time it hits 2.80 was about 2009 and that has much to do with macro factors. Can't imagine any scenario for that to happen today unless Wilmar screwed up BIG TIME but their bosses are very shrewd and very matured and experienced businessmen that we should be able to count on. With Europe economy on the path to recovery from near 3 yrs of recession, their recovery will definitely a positive factor for recovery in commodity prices and global trade volume. Plan ahead and not fear temporary setback and if timing is right, seize it. | ||||
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| 14-Jan-2014 10:14 |
Neptune Orient L Rg
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NOL
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Yes, collected to 1.04 :)
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| 14-Jan-2014 08:08 |
Neptune Orient L Rg
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NOL
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More sign of Europe recovery.
PUBLISHED JANUARY 14, 2014 Spanish growth picks up in Q4: minister PRINT |EMAIL THIS ARTICLE [MADRID] Spain's economy grew by about 0.3 per cent in the fourth quarter of 2013, faster than the 0.1 per cent seen in the previous quarter, Economy Minister Luis de Guindos said Monday. "The recovery is fragile but it is a recovery," he told a parliamentary hearing. The Spanish economy returned to growth in the three months to September, putting an end to a recession that lasted over two years, ravaged public finances and left one-in-four workers without a job. Spain's conservative government is forecasting a 1.3-per-cent economic contraction in 2013 and 0.7-per-cent growth in 2014, a pace considered by many analysts to be insufficient to lead to net job creation. |
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| 14-Jan-2014 00:04 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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Quah Su-Ling, Ng Su-Ling and both work at IPCO. One CEO and the other company secretary at IPCO. What a coincidence with the same name but diff surname. Are they related in anyway. Whatever, if they lost the lawsuit, don't see how they can make a comeback soon and perhaps, may result in a change of hands at IPCO. May not be a bad thing for IPCO to inject fresh management mandate that may be more interested to run it as a serious company than for speculative investments that shadow the personal interest of the CEO. | ||||
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| 13-Jan-2014 23:25 |
Neptune Orient L Rg
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NOL
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CIMB analyst cited NOL
as top pick for shorting in the transportation sector today (perhaps accounting for the significantly higher volume of sell down today) while UOBKH listed NOL as top pick for transportation sector in its Jan corporate report last week. Who to believe ? Make your own judgement. Obviously one of them will be right :) |
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| 13-Jan-2014 23:15 |
Neptune Orient L Rg
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NOL
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For now, I may trade NOL on the band of 1.04-1.135 with it probably stretches to 0.99 on the downside and 1.18 to the upside until there is clearer sign to confirm a reversal of fate that we can ride the cyclical wave to see it hitting 1.33, 1.45 and above 1.80. | ||||
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| 13-Jan-2014 22:38 |
Neptune Orient L Rg
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NOL
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The last time NOL ran up 6 white candlesticks moving from 1.045 to 1.135. It has since corrected back to 1.045 and conversely 6 black candlesticks. Due to seesaw back ? It has been bottoming out at 1.04 and rebounded from there over the last 1 yr. Let's see. | ||||
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| 13-Jan-2014 22:30 |
Neptune Orient L Rg
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NOL
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Getting more and more signs of Euro recovery. Euro currency is also strengthening. If it indeed recover stronger than expected, which is usually the case as economist likes to be conservative to play safe and usually 'right' on hindsight, be ready for a major hockey stick swing up !
PUBLISHED JANUARY 13, 2014 OECD:Outlook better for major economies PRINT |EMAIL THIS ARTICLE [PARIS] The outlook for advanced economies is improving as momentum shifts up a gear in the crisis-weary euro zone, the OECD's monthly leading indicator showed on Monday. The Paris-based Organisation for Economic Cooperation and Development said its leading indicator covering 33 member countries pointed to growth firming, reaching its highest level since March 2011. The indicator, meant to flag early signals of turning points in economic activity, rose to 100.9 in November from 100.7 in October, moving further above the long-term average of 100. The euro area saw a "positive change in momentum", the OECD said, with its reading rising to 101.0 from 100.8 showing improvements in the outlooks for the three biggest economies - Germany, France and Italy. Meanwhile, growth continued to firm in the United States with the reading for the world's biggest economy rising to 101.0 from 100.9 in October. Likewise, the Japanese economy, boosted by a huge infusion of central bank stimulus last year, also saw an improvement with its reading reaching 101.4 after 101.2 in October. The outlook was more mixed for major emerging market economies with China seeing a "tentative positive change in momentum" as its reading ticked up to 99.4 from 99.3. In India, the OECD said growth was below trend with its indicator unchanged at 97.5 while growth was around its long-term trend in Russia at 99.6 for the third month in a row.-Reuters |
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| 13-Jan-2014 10:10 |
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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I can never catch the top and neither the bottom. The rule is to buy or sell progressively and keeping some spare cash for extreme opportunity. Just bought some at 3.32 and q for lower price. Same for my current trade for NOL and IPCO. | ||||
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| 13-Jan-2014 08:19 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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The lady will have so much to pay up in the personal lawsuit that if she loses, she may have to bow out this time. If she survives, she really is someone. Let's see.
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| 13-Jan-2014 07:51 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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Looks like what IPCO needs is management reshuffle and a change of hands.
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| 13-Jan-2014 07:23 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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Global conditions should be favourable to all key sectors of IPCO strategic investments - ESA Electronic (semicon), Excellent Empire (china natural gas), Asia Plan (US Property) and IES (offshoring industries for oil, gas, petrochemical, environment treatment, etc). Let's hope Quah Su-Ling 八 字 is good in the year of the horse !
PUBLISHED JANUARY 13, 2014 YEAR IN REVIEW: ELECTRONICS Better global demand seen boosting semicon sector Industry weaning off reliance on US, Europe as Asian markets strengthen BYLEE MEIXIAN LEEMX@SPH.COM.SG PRINT |EMAIL THIS ARTICLE Staying ahead: OCBC says Venture, its top pick among SGX-listed electronics firms, has made constant effort to move up the technological value chain. - PHOTO: BLOOMBERG [SINGAPORE] The old has gone, the new has come. After the global downturn that the semiconductor industry was mired in last year, 2014 looks set to be a rosier year for this cyclical sector, amid regained confidence that better global demand will bolster manufacturing in Singapore. Signs are indicating that the world economy is on a growth path. The International Monetary Fund has said that it would revise upward its global economic growth forecast of 3.6 per cent in 2014, compared to 2.9 per cent in 2013. "There is usually a strong correlation between global GDP and the integrated circuit (IC) market," Infineon Technologies Asia-Pacific president and managing director Andrew Chong told BT. "In the scenario that the global GDP would grow by 3.5 per cent in the following three years, gross output of the global IC market would grow about 10 per cent." |
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| 13-Jan-2014 07:16 |
Neptune Orient L Rg
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NOL
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PUBLISHED JANUARY 13, 2014
YEAR IN REVIEW: ELECTRONICS Better global demand seen boosting semicon sector Industry weaning off reliance on US, Europe as Asian markets strengthen BYLEE MEIXIAN LEEMX@SPH.COM.SG PRINT |EMAIL THIS ARTICLE Staying ahead: OCBC says Venture, its top pick among SGX-listed electronics firms, has made constant effort to move up the technological value chain. - PHOTO: BLOOMBERG [SINGAPORE] The old has gone, the new has come. After the global downturn that the semiconductor industry was mired in last year, 2014 looks set to be a rosier year for this cyclical sector, amid regained confidence that better global demand will bolster manufacturing in Singapore. Signs are indicating that the world economy is on a growth path. The International Monetary Fund has said that it would revise upward its global economic growth forecast of 3.6 per cent in 2014, compared to 2.9 per cent in 2013. "There is usually a strong correlation between global GDP and the integrated circuit (IC) market," Infineon Technologies Asia-Pacific president and managing director Andrew Chong told BT. "In the scenario that the global GDP would grow by 3.5 per cent in the following three years, gross output of the global IC market would grow about 10 per cent." |
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| 13-Jan-2014 07:14 |
Neptune Orient L Rg
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NOL
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More sign of stability and hopefully growth soon that will translate to improved global trade and hence freight rate benefiting cyclical stocks such as NOL.
PUBLISHED JANUARY 13, 2014 Eurozone showing signs of return to normality Investors buying up once-risky assets again borrowing rates fall sharply PRINT |EMAIL THIS ARTICLE On the path to recovery: After fighting for its life for two years, the eurozone has seen the risk associated with it falling significantly. - PHOTO: BLOOMBERG [PARIS] The eurozone may be finally returning to some semblance of normality after years of debt crisis that brought fear to the world. It has been two years since the now 18-member currency bloc was fighting for its life and investors are again knocking on the eurozone's door, buying up assets deemed dangerous only months ago. The latest sign of this is on the bond markets, where the borrowing rates for countries that seemed on the verge of a precipice are back at levels last seen before the crisis. "The risk associated with the eurozone has reduced significantly in the past few months," said Christian Parisot, an economist at Paris-based investment bank Credit Agricole CIB. |
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| 13-Jan-2014 00:16 |
Neptune Orient L Rg
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NOL
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Bunker fuel prices soften in 2013
By Lee Hong Liang from Singapore The trend of bunker fuel prices in the past 12 months has been a positive one for shipowners with prices softening after a high last February. This was especially welcome during a time when high fuel costs have been one of the key challenges for the shipping industry. In 2013, marine fuel prices have displayed a general downward trend, though shipowners would agree that fuel prices are still expensive today, made worse by sluggish freight rates failing to offset expenses. Exactly a year ago on 10 January 2013, the benchmark Singapore 380 cst bunker price was indicated at $638 per metric tonne (pmt), 5.7% higher compared to yesterday's indication of $601.50 pmt, according to data from Ship & Bunker. A look at the price trend last year showed a spike for Singapore 380 cst to $663.50 pmt in February. Since then, the market weakened with prices staying largely below $625 pmt since mid-April, but rather firmly above $600 pmt. Market volatility was also rather mild at an average of $25 spread for about the last three quarters of 2013. Singapore 380 cst opened this year with a price of $615.50 pmt, and the market has came down rather generously to $601.50 pmt yesterday. While the bunker market has softened, most owners are not expecting fuel costs to continue to come down in the foreseeable years ahead as the prices of crude oil are projected to stay firm. According to Moody's Investors Service's recent report, global oil development including oil sands and shale will be supported by high oil prices in 2014, though oversupply could bring prices down slightly from historically strong levels. ?Prices could fall if Chinese GDP growth slows significantly and Opec members go above targeted production of 30m barrels a day,? the ratings agency's report said. Meanwhile, Singapore-based bunker traders spoken to by Seatrade Global shared that bunker prices are expected to rise with fuel supplies tightening in the weeks leading to Chinese New Year. Every year, China would seek to soak up as much oil as possible over the few weeks ahead of the country's annual week-long holiday, with this year's period being 31 January to 6 February. Tight bunker fuel supplies are anticipated to hit the Asian market until after Chinese New Year, and prices would rise in tandem with the tight market. |
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| 13-Jan-2014 00:10 |
Neptune Orient L Rg
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NOL
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SCFI: Shanghai-to-US Spot Rates Up for a Second Week
JOC Staff | Jan 10, 2014 2:56PM EST Spot container rates from Asia to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index increased in the week ending Jan. 10, the second straight week of climbing rates and the third in the past four weeks. |
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| 11-Jan-2014 14:58 |
Neptune Orient L Rg
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NOL
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Still can have money if patient to collect :) It is range bound till CNY and I suppose it may move more when nearer the result announcement on 19 Feb. I noticed that the price will drop if result going to be disappointing and good to buy after that as it will recover. If the price turns up nearing the result, then market is looking up for NOL !
Even fashion industry in Italy is recovering ! Italy fashion industry back to growth in 2014: trade bodies Italian fashion exports should spur the industry back to growth in 2014 after two years in decline, the national chamber of fashion says, as Milan prepares to kick off the first of its biannual menswear shows on Saturday. [MILAN] Italian fashion exports should spur the industry back to growth in 2014 after two years in decline, the national chamber of fashion says, as Milan prepares to kick off the first of its biannual menswear shows on Saturday. The birthplace of fashion icons from Giorgio Armani to Dolce and Gabbana should see turnover from clothing and accessories rise 5.4 per cent to 62.5 billion euros (US$85.45 billion) in 2014, according to the Camera Nazionale della Moda Italiana (CNMI). But CNMI says it is too soon to talk about a true bounce back to levels seen in 2010 and 2011, when the luxury industry was buoyed by fast growth in China and a resurgence in Europe and the United States. "The numbers are resoundingly positive, better than we expected... but one should always be wary," CNMI president Mario Boselli told Reuters. |
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