Latest Posts By Lucky03
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| 04-Dec-2013 23:47 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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Damage control means they are trying to recover from here ? So, we may have seen the worst ?
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| 04-Dec-2013 22:30 |
Neptune Orient L Rg
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NOL
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PUBLISHED DECEMBER 04, 2013
Eurozone weak recovery confirmed, Oct retail sales disappoint PRINT |EMAIL THIS ARTICLE Rising inventories and investment kept eurozone economic growth in positive territory in the third quarter despite a negative contribution from trade and no help from household demand which weakened further in October, data showed on Wednesday - PHOTO: BLOOMBERG [BRUSSELS] Rising inventories and investment kept eurozone economic growth in positive territory in the third quarter despite a negative contribution from trade and no help from household demand which weakened further in October, data showed on Wednesday. The EU's statistics office Eurostat confirmed its previous estimate that gross domestic product in the 17 countries sharing the euro rose 0.1 per cent quarter-on-quarter for a 0.4 per cent year-on-year fall. The 9.5 trillion euro economy emerged from recession in the second quarter with 0.3 per cent quarterly growth, marking the end of its longest contraction since the creation of the euro. The rebound, however, remains fragile and uneven, undermined by record-high unemployment, fiscal austerity policies, slow structural reforms and a strong euro, which hurts exporters across Europe. |
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| 04-Dec-2013 02:20 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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IPCO half year result is likely due on 13 Dec which is about a week from now. We will see how IPCO is significantly affected by the share price of the trio in its book. IPCO invest significantly in 3 companies -
1. ESA into burn-in boards for semiconductor manufacturers which is dependent on Europe recovery 2. Asia Plan into properties in Seattle 3. Excellent Empire, via its wholly-owned subsidiary China Environmental and through its subsidiary companies in China, which supply natural gas to Anlu, Dawu and Xiaochang cities in Hubei Province, PRC What need to come clean and transparent is the Fair value gain on available-for-sale financial assets. |
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| 04-Dec-2013 00:13 |
Neptune Orient L Rg
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NOL
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I thought their logistics arm is the one doing well. Will they divest and should they. Will dilution instead reduce the growth potential of NOL Group ?
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| 03-Dec-2013 22:20 |
Neptune Orient L Rg
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NOL
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Need to see NOL convincingly breaks above 1.07 with high volume.
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| 03-Dec-2013 22:05 |
Neptune Orient L Rg
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NOL
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Positive news for NOL ! | ||||
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| 03-Dec-2013 19:39 |
Neptune Orient L Rg
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NOL
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PUBLISHED DECEMBER 03, 2013 Global manufacturing PMI at highest since May 2011 JPMorgan's Global Manufacturing Purchasing Managers' Index rose to 53.2 from October's 52.1, above the 50 mark that indicates growth for the 11th month and notching up its highest reading since May 2011 [LONDON] Global manufacturing activity expanded at its fastest pace since mid-2011 last month as new orders flooded in, a report showed on Monday. JPMorgan's Global Manufacturing Purchasing Managers' Index rose to 53.2 from October's 52.1, above the 50 mark that indicates growth for the 11th month and notching up its highest reading since May 2011. New orders came in at their fastest pace since February 2011, pushing output growth to a matching high. "November PMI data signal a further acceleration in global manufacturing production. Near-term momentum remains positive,"said David Hensley, a director at JPMorgan. The headline index was boosted by solid growth in the United States, Japan and Britain, JPMorgan said, adding that a modest and fragile recovery continued in the euro zone. |
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| 01-Dec-2013 23:03 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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Yes, I'm attracted to the natural gas business that IPCO has indicated to be its priority. The world energy will be shifted to the use of cleaner energy such as natural gas.
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| 01-Dec-2013 22:05 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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Looks like it sounds silly to try getting in when everyone is waiting to get out.
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| 01-Dec-2013 22:02 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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I'm getting in.
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| 29-Nov-2013 07:11 |
Neptune Orient L Rg
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NOL
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Euro zone business morale hits 27-month high
CNBC.com 11/28/13 5:54 AM ET By: Katrina Bishop Business morale across the euro zone carried on rising in November to its strongest level since August 2011 - boosting hopes that firms could spur on the 17-country region's bumpy economic recovery. The European Commission's monthly business and consumer survey, published Thursday, revealed that economic sentiment increased to 98.5 in November - up from 97.7 in October. The figure was higher than the 98 expected by analysts polled by Reuters. The increase was driven by improved confidence in services (which hit a 20-month high) and industry (a 27-month high) across the euro area, Europe's statistics agency Eurostat said. Morale did weaken in construction, however, and consumer confidence in November also slipped back, after growing for 11 straight months. (Read more: Euro zone economy losing steam as PMIs disappoint) "While the upward trend observed since May has been preserved, the improvement in confidence has noticeably decelerated over the past two months, mirroring differences in developments across sectors," Eurostat said in a release accompanying the data. PLAY VIDEO Michael Heise, chief economist at Allianz, says deflation could be good for southern Europe's competitiveness. The mixed picture comes amid concerns about the strength of the euro zone's economic recovery. After the longest contraction in continental Europe in over 40 years, the region pulled out of an 18-month stretch of negative growth in the second quarter of 2013. But data published earlier this month revealed that the euro zone's economic growth slowed in the third quarter. Gross domestic product (GDP) for the 17-nation bloc came in at just 0.1 percent quarter-on-quarter in the third quarter, marking a slowdown from a 0.3 percent expansion in the second quarter. Meanwhile, last week, the composite purchasing manager's index (PMI) survey for the region revealed that business activity in the euro zone fell unexpectedly in November, prompting concerns that the region's recovery was losing steam. (Read more: Why euro zone slowdown should worry the world) Howard Archer, chief U.K. and European economist at IGS Global Insight, said Thursday's business and consumer survey supported hopes that the euro zone could gradually establish economic recovery - despite the relapse in GDP growth. "Looking ahead, the hope for the euro zone is that current rising confidence will encourage businesses to lift their employment and investment plans," he said in a note. "However, November's dip in consumer confidence reinforces suspicion that euro zone consumers will likely remain generally pretty cautious in their spending in the near term at least which will hardly help growth prospects." Economic sentiment improved in four of the five largest euro zone economies - Italy, Spain, the Netherlands and Germany - but deteriorated in France, in yet another sign that the country's economy was being left behind. (Read more: Is France heading for a new recession?) The survey came on the same day that separate data, published by the European Central Bank (ECB), reveal that lending to businesses in the euro zone disappointed in October. Lending to euro zone businesses fell by 14 billion euros in October - after slipping by 11 billion euros in September. "Banks likely believe the economic situation and outlook in many euro zone countries still provides an uncertain and risky backdrop in which to lend despite the euro zone eking out modest growth since the second quarter," Archer added. |
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| 28-Nov-2013 09:01 |
Neptune Orient L Rg
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NOL
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Will shippers such as APL of NOL benefits if there is any restriction imposed on the 3 big shippers for involvement in antitrust violation ?
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| 28-Nov-2013 02:18 |
Neptune Orient L Rg
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NOL
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NOL says not involved in EC antitrust proceedings
By Marcus Hand from Singapore Singapore?s Neptune Orient Lines (NOL) says it is not involved in antitrust proceedings by the European Commission (EC) over alleged price fixing on the Asia ? Europe trade. The EC has initiated formal proceedings against undisclosed container lines over alleged price fixing on the Asia ? Europe trade with a focus on box rate increases in 2009. NOL was one of the lines involved in ?dawn raids? by the EC in May 2011, which led to the announcement of formal proceedings against line last Friday. ?APL and its parent company NOL are not the subject of the antitrust proceedings announced by the European Commission on November 22, 2013,? NOL said in a statement. ?We have no other information regarding this matter,? the company added. Among the other companies involved in the 2011 raids were OOCL, Maersk Line and Hapag-Lloyd. Mearsk said it was cooperating with EC investigations. |
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| 28-Nov-2013 02:16 |
Neptune Orient L Rg
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NOL
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Agree with you, sgng123.
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| 27-Nov-2013 22:58 |
Neptune Orient L Rg
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NOL
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Wonder when will APL be able to reach the same level of efficiency such that NOL will be more competitive and have a better chance of turning around sooner than later.
Container ships reached their destination ports around the world on time 81.2 percent of the time in September, a small increase of 0.4 percentage point from August, according to the latest Global Liner Performance report from SeaIntel Maritime Analysis. ?This is a very positive development as schedule reliability has declined for five consecutive months, from March to July this year, but has now improved for the past two months since we reached the bottom in July,? Alan Murphy, chief operating officer and partner at SeaIntel Maritime Analysis, said in announcing the results. The improvement also was seen in the delivery of individual containers to their destinations, which SeaIntel tracks in partnership with INTTRA. The global on-time delivery of containers improved to 65.7 percent for the month, up 2.2 percentage points from 63.5 percent in August. Maersk Line and Hamburg Süd retained the top spots in the global performance ranking for the third consecutive month, with a global schedule reliability of 89.3 percent and 84.4 percent, respectively. Yang Ming was the third most reliable carrier in September, with ships arriving on schedule 83.9 percent of the time. Carriers improved reliability in two out of three large head-haul trade lanes from Asia month-over-month in September, according to the report. The trans-Pacific and Asia-to-Mediterranean routes improved scheduled reliability by 2 percent and 4 percent, respectively, while the Asia-to-North Europe trade lane witnessed a 2 percent decline in performance. Notably, the results from Drewry Maritime Research?s recently published Carrier Performance Insight report conflict with SeaIntel?s conclusions. Drewry found that ship and container reliability in the third quarter of 2013 to be "disappointing.? |
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| 27-Nov-2013 22:46 |
Neptune Orient L Rg
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NOL
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Logistics Confidence Index Hits Record High
JOC Staff | Nov 25, 2013 3:52PM EST The Stifel Nicolaus Logistics Confidence Index, a monthly survey of international shippers and forwarders in the Europe-based air and ocean freight trade lanes, climbed 2.5 points in November to a record high 57.1. Stifel Logistics Confidence Index: Total freight (air and ocean). The index, developed by Stifel Nicolaus Transportation & Logistics Research Group, has remained above 50 ? the threshold signifying growth in cargo volumes vs. deceleration ? since February. November?s reading was 20.4 percent higher than last year?s 47.4 reading and 4.4 percent higher than last month?s 54.6. The report pointed toward improving economic conditions in Europe as the probable cause for the ?strong? increase in the overall index, although it noted that overcapacity and low growth levels continued to be ?challenging? for forwarders. Despite ?significant volatility in underlying ocean rates,? the overall sea freight index climbed 3.3 points from October to 57.9 in November. The index registered strong increases in most lanes, except the U.S.-Europe trade, which increased only 0.2 points to 54.3. The report showed that sea forwarders were mixed on all lanes covered for the next six months, although the index declined 0.1 points to 62.0 in November. Notably, 42.3 percent of the survey respondents indicated they don't believe ocean freight rates have bottomed out. The overall air freight index increased 1.6 points month-over-month to 56.3 in November, and was up 10.4 points from November 2012. It represented the first time since the index began in March 2012 that it has climbed into ?expansion territory,? according to the report. Monthly air freight volume increased in all lanes except the U.S.-Europe route. In terms of expectations for the next six months, the index increased 0.4 points to 61.6 in November. The report concluded that air and sea forwarders were facing continuing challenges in the U.S.-Europe trade because of the weak European economy and the partial shutdown of the U.S. government in October. Regarding the six month outlook, the overall index remained relatively flat, increasing only 0.1 point to 61.8. |
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| 27-Nov-2013 01:28 |
Renaissance United
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Neglected, Illiquid, Undervalue, Recovery counter
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If IPCO is serious about running its natural gas business in China, the following news may be positive for IPCO :
PUBLISHED NOVEMBER 26, 2013 China mulls ways to allow private investment in energy [BEIJING] The Chinese government is studying ways to allow more private investment in the energy sector, the National Energy Administration (NEA) said on Tuesday, as part of a wider reform to boost the economy. China, the world's largest energy consumer, is gradually opening up the industry, but core businesses such as oil and gas exploration are still tightly controlled by state-owned firms. "NEA is making efforts to remove policy obstacles for private capital to participate in energy development and provide a fair competitive environment for private firms," the administration said on its website. The government will simplify approvals for coal-fired plants and power grid projects, support private investment in oil and gas exploration and development and set requirements for refineries that can import crude oil, it said. |
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| 26-Nov-2013 21:32 |
Neptune Orient L Rg
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NOL
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Singapore is a proxy to world trade.
PUBLISHED NOVEMBER 26, 2013 Singapore factory output up 8% in Oct SINGAPORE'S manufacturing sector expanded 8 per cent in October compared to a year ago, as a 22.8 per cent jump in electronics output helped to offset a 2.3 per cent contraction in the biomedical manufacturing cluster SINGAPORE'S manufacturing sector expanded 8 per cent in October compared to a year ago, as a 22.8 per cent jump in electronics output helped to offset a 2.3 per cent contraction in the biomedical manufacturing cluster. Excluding the volatile biomedical sector, industrial production would have grown an even stronger 10.4 per cent year-on-year. The 17 economists polled by Bloomberg before the Singapore Economic Development Board (EDB) released the numbers on Tuesday had a median forecast of 9.3 per cent growth. They were expecting industrial output to rise at a robust pace, given last month's stronger-than-expected non-oil domestic exports data. |
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| 26-Nov-2013 00:31 |
Neptune Orient L Rg
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NOL
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Looks like size still matters. NOL expecting new fleets - 14 new vessels this year and 10 more scheduled in 2014 which will in increase NOL fleet size and becoming more cost effective as stated in Macquarie Research with an OUTPERFORM rating and TP of $1.35.
Big Carriers Boost Market Share at Expense of Smaller Rivals JOC Staff | Nov 25, 2013 9:32AM EST The largest ocean carriers sharply increased their market share at the expense of their smaller rivals in the third quarter, according to Drewry Maritime Research. Maersk Line, the world?s largest carrier, increased traffic year-over-year by 9.5 percent, more than double the global average growth of 4.2 percent, while third-ranked CMA CGM?s traffic jumped 11 percent from the third quarter of 2012, the London-based consultancy said. Hapag-Lloyd?s cargo rose by 8.7 percent during the quarter, Cosco was up 7.8 percent and Hanjin, 5.8 percent. By contrast, ?K? Line?s traffic shrunk 6.3 percent from the third quarter of 2012, APL was down 5.4 percent and OOCL, 0.9 percent. Japanese carriers Mitsui O.S.K. Lines and NYK Line, which operate on the Asia-Europe and Asia-North America trade lanes, increased traffic by just 2.3 percent and 1.2 percent respectively. ?How much this is due to service differentiation, such as improved schedule reliability, is difficult to assess,? Drewry said. Price cutting may have played a part in the larger carriers? increased market shares, but this is not obvious, as all carriers reported lower average freight rates compared with a year earlier. Maersk?s average freight rate fell 12.2 percent, CMA CGM was down 9.6 percent, Hapag-Lloyd dropped 10.4 percent, OOCL declined 9.4 percent and APL slid 8.8 percent. Carriers with the biggest exposure to the Asia-Europe trade suffered the largest declines, but many north-south routes were ?not a bed of roses.? Drewry said comparisons between the third quarters of 2013 and 2012 must be treated with caution as the third quarter of last year was ?such an unusual period due to the absence of any peak season in the east-west trades.? Thus it could be that the fight between carriers this year was over lost market share rather than capturing an increased market share. The gap between the carriers narrowed in the first nine months of the year, but the big lines are still getting bigger at the expense of their smaller rivals. Maersk boosted traffic by 3.1 percent compared with the global average of 2.3 percent, while CMA CGM carried 7 percent more cargo and Cosco?s traffic improved 8.4 percent. |
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| 25-Nov-2013 22:11 |
Neptune Orient L Rg
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NOL
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I share the same thought. They swing quarter to quarter on hindsight. Many of them are so young that they don't even have enough experience to make the right judgement. Often very theoretical and follow the herd. When the demand kicks in plus the measures already in place to rein in cost and increase efficiency, it will just shoot off. Not even surprise doubling within a year ! | ||||
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