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It' s in fact better. The way they are ' pioneering' div payments for the local banking industry wld probably make good old botak less uneasy abt doing the same at UOB.
ysh2006 ( Date: 29-Apr-2019 07:35) Posted:
Dividemd pay 4 times a year at 30c per Q.....so need to wait 4 times to collect full dividend ....
investshare ( Date: 29-Apr-2019 07:21) Posted:
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Did this TS really put up such a bad show? To my mind perhaps not. Gul Tech n ops Down Under were dampeners for sure. Other than these, negative impacts are likely to be temporary. Eg, contribution from 896 DR dropped due to AEI, n accounting for interest cost for 18 Robinson also made earnings look bad. But going forward, rental incomes from these two properties wld likely help turn things ard later in the FY. My haunch is, in two yrs, recurrent rental income wld be ard 50 mil or more/yr n, providing that other businesses sectments are not dead wood, then TS wld likely make => 6c/yr NPAT cash (ie, excluding FV adjustments) on a regular basis by 2021. That wld really make a convincing case to demand a minimum 2c/share div a yr.
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Looks like npat this fy cld well cross cross 6 bil. Will going to India provide an additional catalyst? N will the restructuring of the securities business fuel even higher profitability next fy?
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Next Q will still be bad. Maybe, even rpt a small loss. But 2H will improve. Overall, my own sense is they will make abt 2-3/share for the yr, excluding fair value adjustments.
Goldfinger ( Date: 27-Apr-2019 18:24) Posted:
| Better to aim for 32cents - panic and fear on this counter now. Sharp plunge in profits. And I really wanna buy more cheap yah... LOL.. |
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Yep, the revision in tax will kick in only in 2022. Meantime, if profitability n div continue at same pace, likely GS can stash away another > 6-700 mil for redevelopment without having to incur additional taxes.
pkli899 ( Date: 26-Apr-2019 13:28) Posted:
I have the benefit of attending the recent AGM and wish to clarify as below:
1. Genting can only win/operate one IR in Japan. No issue of overspending in building 2.
2. Japan govt wants Singapore model. Genting is the only bidder with the experience. Their advantage is tremendous.
3. They have zero debt and cash rich (3.6B). The cash will be used for the development with additional funding from borrowing in Japan. (extremely low cost/interest rate).
4. Genting 2.0 expenditure of 4.5B (over 5 years) will be funded progressively from the cash flow. No funding issue.
5. No land cost involved for Genting 2.0. They were granted increase in Plot Ratio ( current is 0.7 only) in exchange for committing 4.5B investment. The additional GFA is the size of Vivo City. Unlike MBS which required additional land for their expansion.
6. Impact of increase in entry levy is small as most of the casino patrons are foreigners.
7. Increase in tax will kick in only in 2022 (if I remembered correctly). The formular is such, only when revenue reaches a certain threshold, they are not required to pay the increase.
8. Genting 2.0 focus is not so much on the gaming side. More family oriented attractions will be built instead. The addition of 1,000 rooms will help them capture those guests that were often turned away due to full house. A hotel was built in Jurong for the purpose.
As Chairman Lim said, why worry about 3% increase in tax when you know the expansion will bring in much more. |
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For me, time to lay off for awhile. Chng kays will take their time to bring the px down. I' m wary of pump n dump.
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Will it revisit 13+?
rlong8288 ( Date: 26-Apr-2019 10:45) Posted:
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Precisely. Unfortunately, chng kays seem to be putting it on an induced coma of late.
Goldfinger ( Date: 25-Apr-2019 21:21) Posted:
| IMHO and Quite sure many would realise this is a severely undervalued stock which will wake up when the BBs want it to wake up. |
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Equity biz dropping 22% explains why the mkt is so sh*tty. Does management have any clue at all as to how to rescue it from gradual death?
n3wbie ( Date: 25-Apr-2019 22:13) Posted:
results were somewhat lacklustre - equities business dropped 22% yoy and now contributes just 37% of the Group' s total revenue. great that the derivatives business has grown 30+% to contribute 52% but there are key products such as the A50 futures where HKEX will contest strongly as a direct competitor.
can' t really see any bright spots in this counter so the analysts are not wrong to downgrade it unless there are strong structural reforms to turn things around. |
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Just remember Midas n Noble all look very ho kia until trouble really started. Even authorities here apparently cldn' t find any fault with Noble after IB published it' s first demning rpts on the coy. But, as it turns out, we all know what we didn' t know earlier. So, never think we are on top of fraudsters ..... Rather recognise that there are always people better than we.
Jamesbond007 ( Date: 25-Apr-2019 18:52) Posted:
High on cash.
distribute dividends.
soon, the whole truth will be out.
be prepared for the final outcome.
good luck to all vested parties.
i stand far far away from danger.
now, just watching n enjoying the fun.
michaeltan ( Date: 25-Apr-2019 17:46) Posted:
There are many counters the share price is more than $10+
BW is cash rich company and almost got no debt.
Botanis is jealous to see Dora took HOME 85million over 5 years I guess.
The fraudulent company is normally high in debt like Noble or Mida |
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Yep, we small fries just pick up the crumbs !!!!!
trademaster ( Date: 25-Apr-2019 17:06) Posted:
As i said, flush at 175 to collect.
trademaster ( Date: 25-Apr-2019 15:30) Posted:
| Flushed down to collect 175. Lets see next wave 18 |
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Now chng kays have heavily fortified the 175 buy-gate. So, no chance of closing 174, unless they force it during the matching period.
Qanghoo ( Date: 25-Apr-2019 16:53) Posted:
Haha, so I lose. Also good. But it does bear my pt out. When chng kays are doing magic, anything can happen.
chanbs ( Date: 25-Apr-2019 16:37) Posted:
suddenly Q flip and see the buy at 175   |
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Haha, so I lose. Also good. But it does bear my pt out. When chng kays are doing magic, anything can happen.
chanbs ( Date: 25-Apr-2019 16:37) Posted:
suddenly Q flip and see the buy at 175
Qanghoo ( Date: 25-Apr-2019 15:59) Posted:
| Just might come. Still 1 hr to go. My bet is it' d come. Maybe, even hit 1.73. When chng kays are doing magic, anything can happen. |
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Is fraud punishable by death in China?
beng1102 ( Date: 25-Apr-2019 16:44) Posted:
At least I know that it could be a death sentence in China. If the committed fraud and death they deserved it.
destinykraze ( Date: 25-Apr-2019 16:30) Posted:
| You obviously have no idea on how frauds work |
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That' s y the ang mohs are so scared of China. In time, China just might overtake america in more ways than one.
michaeltan ( Date: 25-Apr-2019 16:19) Posted:
Don' t under estimate China markets.
One day who knows could be most powerful in the world.
I have some friends who are doing business in China, their purchasing power here got no match at all.
Jamesbond007 ( Date: 25-Apr-2019 15:58) Posted:
Ask yourself a simple question.
would such means of business ops work in spore?
it simply can' t.
but, to say it works so well n profitable in china with nothing more than through their own opaque networks captures my imagination.
would i buy even a single 1000 shares?
i won' t. |
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My sense is ur investment decision will be a rewarding one.
Jamesbond007 ( Date: 25-Apr-2019 16:01) Posted:
I am now an investor of Sembcorp marine after waiting for 5 yesrs.
Am looking to build it up to a seizable position.
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It just reflects as cash instead of property in the coy' s assets. To ascertain things, pl go through the coy announcement, the relevent section of which I' ve extracted below ....
FINANCIAL EFFECTS
The Proposed Divestment is not expected to have a material impact
pc1234 ( Date: 25-Apr-2019 15:25) Posted:
Investshare, the disposal of investment will appear on its balance sheet, not just the profit or lose of sale proceeding over book value of the asset it carry.
For example, SPH sold off its assets, the sale figure will be additional to its normal revenue. |
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Muddy Water also sued right? Just act blur lor !!!!!!
stockpicker ( Date: 25-Apr-2019 15:56) Posted:
Those who longed will be very happy to read this and those who shorted will be in fear if the BWL can made good clarifications.
Someone just went through the Executive Summary of Bonitas Research' s main report, he could already find many factual errors and mistakes made in the Executive Summary. His initial reaction is Bonitas did not know much about how BWL. Many of these are errors are basic facts and should not get it wrong especially, it should not happen in Executive Summary.. One can imagine what will be in the main report..
https://tinyurl.com/y4logtns (Please copy and paste)
I think there is going to be an interesting fight between BWL and Bonitas and if Bonitas cannot substantiate its claim, they would probably be sued..
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Just might come. Still 1 hr to go. My bet is it' d come. Maybe, even hit 1.73. When chng kays are doing magic, anything can happen.
chanbs ( Date: 25-Apr-2019 15:53) Posted:
174 not done at all
puppey ( Date: 25-Apr-2019 15:16) Posted:
| touch 174 , not looking good , bbs played out retailer : |
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If I recall correctly, the carrying cost is very close to the sale px. So, there' s almost like zero profit, I think.
pc1234 ( Date: 25-Apr-2019 14:41) Posted:
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