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Not sure why the price goes down today ... couldn' t find any news with the exception that they reduce the committed div.
The price is a huge discount to the NAV, profitable (based on their last quarterly report ... but the coming one might paint a different story). Anyway, since i couldn' t find any news, and it' s at the lowest in 10 yrs, try small small.
look@bright ( Date: 19-Jun-2020 11:01) Posted:
| under value? but keep got ppl throwing down the shares.. |
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Bought some today .... if you exclude the slight blip on June 1 (where it still closed above 0.21), you are buying at the lowest in 10 yrs.
See if it' ll bounce up at the end of today .....
And they will be issuing div soon (even though it' s just 0.3c)
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For the past 10 yrs, this stock has only touched 0.210 twice ..... on 1 June 2020 (where it hits 0.178 but close 0.215) and today.
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Sorry, i was referring to the mother share (not the S-Share). The S-share is moving up so aggresively because the mother
PQTPQK ( Date: 17-Jun-2020 19:52) Posted:
It still very very cheap compare the price in sh market!!!
nngeeh ( Date: 17-Jun-2020 19:07) Posted:
No sure if anyone has any detail pertaining to the restructuring?
For most of the day, as the price has reached the daily 10% limit, there is only buy queue (and no sell) at the limit price .... and the buyers are absorbing all the selling. I have never seen similar thing before ...... where there is only buy queue. There must be something big going on ...... it will surely gap up again tomorrow.
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No sure if anyone has any detail pertaining to the restructuring?
For most of the day, as the price has reached the daily 10% limit, there is only buy queue (and no sell) at the limit price .... and the buyers are absorbing all the selling. I have never seen similar thing before ...... where there is only buy queue. There must be something big going on ...... it will surely gap up again tomorrow.
ss2017. ( Date: 17-Jun-2020 17:24) Posted:
This counter will undergo structural change. You notice that heavy selling at 85, 90, 95 in the afternoon but all failed to block busy buying interests.
Imagine that there is no capital appreciation to match mother share price to its fullest say ulimately at 3usd.
Taking dividend alone is good enough if you are looking for a stable counter with double digits growth curve over next three years, there is no need overly burden by crazy dow volatility. |
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Dun look at the market depth for the Singapore share...... it will track the mother share in Shanghai ....
If mother keeps going up, no seller will be able to block the price in Singapore. The mother has already reached its limit in Shanghai at $19.25 ($2.72) and not able to go up further because of the 10%. The S-share is only - $0.9.
The history high for Shanghai was around $35 (Yuan)_and S-share was around $1.9 (USD)
JulTay1 ( Date: 17-Jun-2020 14:50) Posted:
Heavy sellers are queuing. It could be ramp and dump
beware !!
PQTPQK ( Date: 17-Jun-2020 14:41) Posted:
| tomorrow will gap up again !!! |
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The mother can' t go above $19.250 because of the 10% rule ..... there are only buyers and no sellers. Tmrw ... another 10% up?
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The mother share has reached $21 in 2018, and $35 in 2015.
Looking at its momemtum, it could try to reach $21 .....
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As long as mother is fine ... and above it' s CR price, the child will also be up ... and might even go above CR if mother maintains it' s current price.
ss2017. ( Date: 15-Jun-2020 10:01) Posted:
The norm is usually 3% but they threw it down to 5%. With small amount ok
Now it has recovered.
A medical related counter in China, vaccine development stage 2 in good progress. Its share price moves up almost everyday, CB kicks in.
spec008 ( Date: 15-Jun-2020 09:51) Posted:
| I don't think someone force normally most companies on XD will drop |
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Waa... the mother share is still going up even after xD .... impressive
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Next monday (15 June)
PQTPQK ( Date: 10-Jun-2020 20:44) Posted:
when is the x d?
nngeeh ( Date: 10-Jun-2020 20:39) Posted:
If the A-share can stay at $16.7 prior to dividend .... it' ll still stay above $16 after XD (of $0.3 CNY). If it can stay at this level, there is a chance that the S-share might be able to stay above $0.8 after xD......
It' s even better if they can go above $17 before xD |
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If the A-share can stay at $16.7 prior to dividend .... it' ll still stay above $16 after XD (of $0.3 CNY). If it can stay at this level, there is a chance that the S-share might be able to stay above $0.8 after xD......
It' s even better if they can go above $17 before xD.
ss2017. ( Date: 10-Jun-2020 18:00) Posted:
You can help to push it up!
0.95 has a very strong resistance.
PQTPQK ( Date: 10-Jun-2020 17:25) Posted:
| closed strong !!! let see can go $1 soon...? |
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The A-share is going to test the high of 16.87 again ..... seems to have momentum to go above $17. The gap between this A-share and the S-Share is getting wider ....
ss2017. ( Date: 09-Jun-2020 15:53) Posted:
| FYI
Dividend
Ex-Date
15 Jun 2020
Record Date
16 Jun 2020
Payable Date
24 Jun 2020
Rate: CNY 0.3 Per Security
Data powered by SGX. |
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Far East Orchard? The yield is closed to 6%....
Goldfinger ( Date: 09-Jun-2020 21:15) Posted:
| I think some small and mid cap property counters, still quite laggard - companies like Tuan Sing, Ho Bee, Oxley, Roxy, Hiap Hoe - any others? These have been beaten down and rather forgotten. Oh, and Capitaland too. City Dev has already run up. |
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I agreed.
SIA has access to $15B and will be able to survive. It won' t matter if we buy or sell from this point onwards. If we buy, it won' t make us more patriotic, and similarly, selling won' t make us less patriotic.
We are all here to make money ...... cannot be too emotional ....or too attached to a stock.
uiop1223 ( Date: 09-Jun-2020 14:47) Posted:
Just like covid virus knows no nationality, so does money. Forget abt national pride when buying or shorting stock. Do what u need to do to make money
look@bright ( Date: 09-Jun-2020 14:41) Posted:
| national pride what to do, anw lost is temporary due to convid and poitical issue |
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Will be getting div of 0.27 CNY on 24 June 2020 ($0.054) per share .....
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Temasek might still need to inject fund if there is insufficient takeup and will sub-underwrite the balance of S$0.6 billion.
PEWVAW ( Date: 08-Jun-2020 15:00) Posted:
| It' s noteworthy SCI/Temasek is not coming out with a single cent more. SCI is doing this entirely by setting off debts |
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But SCI price will be adjusted down after allocation ....
ysh2006 ( Date: 08-Jun-2020 14:48) Posted:
| SCI each share will get 4200 SMM shares after this right exercise....FOC so approx. can get $840 windfall.? |
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If i remember correctly, SCI is current trading at less than half of its book value. So, how much is the $2B loan (which will be translated into more SMM shares) and SMM in the book value of SCI? After the exercise, what is the book value of SCI?
FATABA ( Date: 08-Jun-2020 14:35) Posted:
In short , the father decide to cut off the son ...let it run on its own
1. SM will b way diluted w rights issue . ( loan etc fm SCI will be settle thru the rights issue/ Temasek is helping it out w partial )
2. SCI shareholders will have a bONUS of 427/491 shares of SM with every 100 SCO share ...... why is there a range 427/491 shares instead of a fix number ??
( this part need clarification ...anyone pls ?? )
3. So after all the whole exercise ....SM shareholders will b very diluted and honestly price can stay low for a longer time
4. SCI can look forward now w SM cut off ...shareholders also given some bonus w the SM shares given .....
( v positive as they get rick of the lost making SM n also get some shares/$$ eventually )
Over the wkend let see what the anlyse hv to say ....lol
Key highlights of the proposed Transaction
1. S$2.1 billion renounceable Rights Issue
&bull Sembcorp Marine to undertake a S$2.1 billion renounceable Rights Issue
&bull 5 for 1 at S$0.20 per share o 31.0% discount to TERP based on 5-day VWAP of S$0.745 o 35.1% discount to TERP based on last close of S$0.85 o 76.5% discount to last close of S$0.85 on 3 June 2020
&bull Sembcorp Industries has irrevocably undertaken to subscribe for its pro rata entitlement of S$1.27 billion and take up an additional S$0.23 billion if necessary &ndash a total commitment of up to S$1.5 billion
&bull Sembcorp Industries will set off its outstanding S$1.5 billion subordinated loan extended to Sembcorp Marine in June 2019 (the &ldquo Subordinated Loan&rdquo ), to subscribe for the Rights Issue the Subordinated Loan will convert into equity on Sembcorp Marine&rsquo s balance sheet
&bull Temasek has agreed to sub-underwrite the remaining S$0.6 billion of the Rights Issue with no sub-underwriting fees
4 Held by Temasek and its wholly-owned subsidiaries 5 73.0% discount to the 5-day VWAP, based on the 5-day period up to and including the last close as of 3 June 2020
4
2. Proposed Distribution of Sembcorp Marine shares to Sembcorp Industries shareholders
&bull After the completion of the Rights Issue, Sembcorp Industries proposes to undertake a distribution of its stake in the recapitalised Sembcorp Marine to Sembcorp Industries shareholders on a pro rata basis as dividends
&bull Sembcorp Industries shareholders will receive between 427 and 491 Sembcorp Marine shares for every 100 Sembcorp Industries shares owned, with no cash outlay, depending on the total number of Sembcorp Marine shares held by Sembcorp Industries after the Rights Issue
&bull The transaction will result in the demerger of Sembcorp Marine from Sembcorp Industries |
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But once all the rights have been absorbed within few days .... it might actually stay above $4 (After the BBs have earned from the rights and move to other counters). SIA has $15B funds which will enable SIA to last 3~4 years ... (assuming 1B losses per Q). Ppl are hopeful that vaccines will be available very soon. Maybe, there is a possibility that by mid or end of next year (when vaccines are available, the flights might return to the pre-covid price of $9 (which is the new adjusted price of $5.4). As price has already baked in quarterly lost of 1B ....with the current market optimism, it should stay above $4 as long as the losses is within expectation.
It' s risk to short now .... the only window could be on monday morning.... once the shares are being absorbed within few days ...it should above $4 or might even stay at this price.
xtraderx ( Date: 05-Jun-2020 17:19) Posted:
More likely to open at $4 than $4.60, a lot of excess rights shares holder will throw at the open, add short sellers to that and you get a gap down.
I think thats likely to be the low of this cycle though, March low is 3.91 if we adjust for rights, so $4 means the sp hasn' t moved at all relative to the broader market or other airlines.
Papason883883 ( Date: 05-Jun-2020 16:54) Posted:
| Next Monday SIA open 4.60 🙏 🏻 |
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