ShareJunction - Member Posts

x 0

Alamak, this qn must ask SGX themselves. Other counters unusual price or volume movements, kena query. SGX if got unusual price or volume movement, who queries?

ytoh1688 ( Date: 09-Dec-2014 10:10) Posted:

any insight to the sudden surge? Bocker related?

x 0

By the way, their economy grew by abt 6% for the first nine mths of 2014. RM is down now due to sliding oil prices n speculative short positions are building up. But BN has warned against this. Who knows, they might impose currency control again to protect the RM. It does not necessarily follow that they will not do well next yr. Unless another major Asian crisis occurs, which we too will probably not be spared, Malaysia' s economy is more likely to continue growing next yr. Anyway, we are no experts to make a meaningful assessment. So, shall we just leave it at that?

$warrior ( Date: 07-Dec-2014 11:24) Posted:

well said! Opportunities present themselves or we can view them as crisises - The glass can be half full or half empty. and yes life still goes on in Malaysia!

smartrader ( Date: 07-Dec-2014 09:27) Posted:

20+years ago RM was 1.5+ to $1 sing. Two decades later, malaysia is still growing and people are still building and investing ... Opportunities or crisis depends on which phase you are in .. Life will still go on for average joe ..

x 0

From what I understand, palm oil is used for lots of things, from cooking oil to biscuits to soap, cosmetics, etc. But supply seems also exceeding demand. If used to make biofuel, can soak up some demand. But since oil is so cheap, cost of making bildiesel from palm may have already exceeded cost of oil? So, one source of demand is knocked out. Also, soy bean a close substitute is also experiencing abundant harvest. So, you have not. immediate future for palm seems bleak.

MtFaber ( Date: 04-Dec-2014 17:28) Posted:

Equation for energy can be multi-facet. Previous middle east crises caused oil price to rise because of fear of shortage of supply. Now because of China slowing down, demand for energy is reduced. To make matter worse, US is also pumpimg oil flooding market. So supply now is more than demand. Opec is not committed to reduce output which can be economics meaning they need money to sustain their economy or could be political co-operating with the US to punish certain countries. With cheap oil flooding the market, demand for alternative energy is not so urgent. Hence energy like Bio-diesel can take a back seat, so palm oil price will be depressed. Therefore palm oil is quite related to oil even though it is used in other manufacturing processes. Volume consumption is not as much as compared to be used as an energy source.

churnw ( Date: 04-Dec-2014 12:08) Posted:

Anyone got comment .....

x 0

Correct me if I' m wrong. But I always thought when broking hses buy, it' s on behalf of clients, usually margin a/c clients. So dbsv might have been executing a client' s order?

ranojoy ( Date: 05-Dec-2014 10:11) Posted:

Analyst reports and calls should always be taken with a pinch of salt. I sold some NC yesterday at close of of trade yesterday and some lots were bought via DBSV.

x 0

Possible, but I' m not convinced. Only 16% of the shares are in public float. Low risk takers wld more likely have had ample opportunity to get out at 45-47 earlier. It is also likely that after the announcement on 30 Nov, there wld be disillutioned chaps who wld bailed out. Given the small public float though there wldn' t have been too many of people around. To me, for the price to stay persistently at 7% below a potential offer, not forgetting there' s also a small portion worth abt 3c left even after the takeover if successful, seems questionable.

Kyoto2008 ( Date: 05-Dec-2014 01:11) Posted:

Bro, don everything also put on CK' s bill.

Many reasons why price go below offer. Here are some:

1. Ppl stuck in the stock wants to sell out so as to be assured of recovering principal, these are the zero risk takers

2. Ppl stuck in the stock wants to get out because they don like the looks of the mkt

3. Ppl stuck in the stock wants to sell because they have other opportunities to use their money either to buy or to short

4. Ppl just pissed off, sell because they don believe anything good will come about.

Hence, many reasons why the sellers are out.

Reasons for buyers to be interested in the stock: not that I can think of. Why would any red blooded Singaporean want to buy this company? Even make a margin, but this one is bleeding a miserable death, and why do we want to get our hands bloodied?

I see the differential price, the margin. And yet I don want to be associated with a bloody loser, this is my personal opinion.

SG made a mistake to buy this co. and now selling it at a huge loss. As a Singaporean can I bear to make money from such misery?

Qanghoo ( Date: 03-Dec-2014 08:37) Posted:

When someone makes u an offer of 45, even if non binding, that' s ur starting pt for negotiation. Minimally, that' s the price u can expect, n logically, in the interest of minorities, u try to squeeze all the juice u can get. But this one really strange ... only cks can explain I suppose.

x 0

Yep, it' ll happen. Just like yesterday when the super BBs wanted to push the px of oil up, they said it was partly due to worries that US shale production was dwindling n partly due to falling USD. Today px drop again. Qn is when that ' after sometime' will happen. If only we all can tell, wow ... we cld be be super rich.

Secret_Squirrel ( Date: 03-Dec-2014 22:43) Posted:

After sometime, some analyst will say something good, then price will go up again.

erhaier ( Date: 03-Dec-2014 22:02) Posted:

they went to war for this and now taking poison pill.... oil is a chess piece.

x 0

When someone makes u an offer of 45, even if non binding, that' s ur starting pt for negotiation. Minimally, that' s the price u can expect, n logically, in the interest of minorities, u try to squeeze all the juice u can get. But this one really strange ... only cks can explain I suppose.

tch77_pt75 ( Date: 03-Dec-2014 08:13) Posted:

Looks like this counter is going down despite possible takeover. Quite a abnormal situation and possibly contributing to the history of SG50!!!

x 0

Even Nature is not on their side. Otherwise, this counter has a lot of potential to really chiong. But let' s hope EN really happens quickly (so many false starts this yr which caused uncertainty to hang over them) so that CF can soon see off the worst of their fortunes. After that, fingers crossed, financial healing n growth cld be phenominal.

stockpicker ( Date: 02-Dec-2014 16:57) Posted:

Another bad year for CF.. El Nino looms in 2015

http://www.bloomberg.com/news/2014-12-02/what-will-the-weather-do-in-2015-weathermen-see-el-nino-risks.html

x 0

Not my cup of tea though!

Merger ( Date: 28-Nov-2014 14:03) Posted:

OCBC is my biggest holding. : D

I like their bank services (everyday open except PH). That' s why i buy this bank share.

x 0

Maybe the better counters get wacked more. CKs collection time. NC, not direct oil stock, kena wacked by as much as 13%. KrisE, direct oil stock, kena only 5% down. So, looks like NC price being pressed down to chiong later. Qn is how low will NC be forced down before being allowed to reverse course.

RoundRound ( Date: 01-Dec-2014 16:00) Posted:

Oil & Gas heavyweight Nam Cheong & Ezion, amongst the most profitable cannot withstand the slaughtering and plunged 15% to 20% within a day.

What do you all think of those weak and money-losing Oil & Gas counters will perform in the coming days. No eye to see!!

x 0

Actually, don' t think they are doing that badly. Margins seem to remain quite stable. Order book already sealed n work ongoing till 2016. So, less likely to be impacted by current oil px woes, unless of course there are cancellations (which is more a peculiar COSCO issue, going by past events - of course Sembmarine also has a small stake in COSCO). Obviously in a market plagued by super stormy oceans, no one is spared. But impact on KCorp n SMarine may not be as great I' d think. Just that opportunists are having a field day. It' s really a great time for people with deep pockets to stretch them even deeper. .

Kyoto2008 ( Date: 01-Dec-2014 10:59) Posted:

Fr annual report , for 2013, 65% of revenue was fr rigs. Co expanded facilities in a time when new jobs wd be competitive due to declining oil price.
Profitability will be severely affected by events.

Kyoto2008 ( Date: 29-Nov-2014 19:16) Posted:

Wonder how much of Sembmarine is in O& G

x 0

In chinese, nan means south, right? So, nan cheong means sliding down, never mind a bit of mispronunciation. Just a bit of fun to relieve the stress of this horrendous market place.

pepperfox ( Date: 01-Dec-2014 10:32) Posted:

shorted

x 0

As expected, dividend burnt!

edwinjup ( Date: 23-Nov-2014 14:47) Posted:

Do rem..fish net debt to equity ratio still around 89.7%....and they target 75% in 3 yrs....so may need to wait long long unless they willing to let go some copeinca share ....

edwinjup ( Date: 23-Nov-2014 14:39) Posted:

I think is real "money" refund..either in cash or stock.....think got another us $162m will be returned by march 2016...

x 0

Part of the drop due to strength of US$? In that case, might not appreciate back so fast unless Sing$ also up against US$?

SeniorTrader ( Date: 24-Nov-2014 08:21) Posted:

Good.... Will up to $0.38 soon

Redstar8730 ( Date: 22-Nov-2014 00:33) Posted:

Senior trader, i bought at 35. I bet next week will see the TP moving up.

x 0

I buy ur argument completely. That means OCBC n GE ()which are same coy) are worth a lot more than meets the eye. Yet, remember how price was being pressed down to $9.00 which I was highly convinced was way undervaluing the coy. Recall also a few yrs back when WBL was pumped up to abt $8? Well if that were the true value of WBL, which is now part of UE, it' s no rocket science that UE is worth a lot a lot more. Not vested. Just kaypoh a bit.

Kyoto2008 ( Date: 23-Nov-2014 21:02) Posted:

In the biz world, who is right who is wrong, we all cannot be the judge.

I just know that when you are riding high, have big money everyone wants to be your friend, everyone wants to be your relative.

So it is with UE.

It is being peddled now as a commodity.

who owns UE? Isn' t it OCBC and GE who has a lot of UE shares? And isn' t OCBC/GE in talks with Ah Chai to sell UE shares?

But UE itself knows it is worth a lot more than what their books reveal. So isn' t it the responsibility of the UE board of Directors to ensure that the real market value of UE be revealed to all?

And how much is UE worth?

Kyoto2008 ( Date: 23-Nov-2014 20:36) Posted:

UE is being sold out by their shareholders, don you think? OCBC/GE is selling them off.

Now BOD can only save themselves if they act wisely, ie fully actualise the value of UE. Ah Chai cannot touch UE if UE price zoom up to $7 once the China properties are sold off for its full value.

The board of UE has the responsibility to ensure that the company is fully marked to market and a takeover reflects UE' s full value!

And UE' s BOD is top notch corporate finance honchos.

For us, retailers. Wah lau eh! Big windfall.

x 0

Reposted with amendment in red to more accurately reflected what I recall reading.

Oh n just to add - I seem to have read that because of poor liquidity, market makers have been introuduced since 1 Jun 14 to provide buy n sell quotes for the same counter in a bid to generate market participation. These market makers are being ' rewarded' with rebates for their efforts n as a means of compensating them for the risks they take. Qn is what safeguards n assurances do we have that these people do not end up as price riggers sucking in innocent participants in the the process?

Qanghoo ( Date: 21-Nov-2014 21:37) Posted:

Oh n just to add - I seem to have read that because of poor liquidity, market makers have been introuduced since 1 Jun 14 to provide buy n sell quotes for the same counter in a bid to generate market participation. These market makers are being ' rewarded' with rebates for their efforts. Qn is what safeguards n assurances do we have that these people do not end up as price riggers sucking in innocent participants in the the process?

Qanghoo ( Date: 21-Nov-2014 21:28) Posted:

When I see the way stocks like this seemingly being manipulated wholesale, I&rsquo ll repeat n reinforce what I said, ie, seems that market riggers are getting bolder by the day. N this state of affairs will likely go on unabated until disaster strikes yet again and it wld be too late to realise that the curse of ABL has not disappeared. Then more genuine market participants will quit with not so much of fear than disgust n disdain, n liquidity n market cap will tank even further. I&rsquo m not vested SBI. But my qn is &ndash is this the way the market is seemingly being allowed to degenerate into. Do we envisage an orderly n well-disciplined stock market as an integral part of a world class n world renowned financial centre or is it inadvertently evolving into the world&rsquo s favourite playground for chng kays? Never mind that regulators the world over are cracking down hard on currency n interest-rate riggers. Just move over to the stock casinos n party on without fear. For Singapore citizens though please beware: casinos are tourist products n we don&rsquo t want us to become compulsive gamblers. Eh .... does this include stock punting cos we can get seriously burnt and cause untold misery to our loved ones too? Anyway, if there' s no one looking over u, party on if u must. But make sure someone else is carrying the baby when the music stops.

x 0

Oh n just to add - I seem to have read that because of poor liquidity, market makers have been introuduced since 1 Jun 14 to provide buy n sell quotes for the same counter in a bid to generate market participation. These market makers are being ' rewarded' with rebates for their efforts. Qn is what safeguards n assurances do we have that these people do not end up as price riggers sucking in innocent participants in the the process?

Qanghoo ( Date: 21-Nov-2014 21:28) Posted:

When I see the way stocks like this seemingly being manipulated wholesale, I&rsquo ll repeat n reinforce what I said, ie, seems that market riggers are getting bolder by the day. N this state of affairs will likely go on unabated until disaster strikes yet again and it wld be too late to realise that the curse of ABL has not disappeared. Then more genuine market participants will quit with not so much of fear than disgust n disdain, n liquidity n market cap will tank even further. I&rsquo m not vested SBI. But my qn is &ndash is this the way the market is seemingly being allowed to degenerate into. Do we envisage an orderly n well-disciplined stock market as an integral part of a world class n world renowned financial centre or is it inadvertently evolving into the world&rsquo s favourite playground for chng kays? Never mind that regulators the world over are cracking down hard on currency n interest-rate riggers. Just move over to the stock casinos n party on without fear. For Singapore citizens though please beware: casinos are tourist products n we don&rsquo t want us to become compulsive gamblers. Eh .... does this include stock punting cos we can get seriously burnt and cause untold misery to our loved ones too? Anyway, if there' s no one looking over u, party on if u must. But make sure someone else is carrying the baby when the music stops.

Woods30 ( Date: 21-Nov-2014 17:15) Posted:

Now, they are going for Kingboard Copper... so clear all manipulated...nothing to do with sore eyes or whatever lah...wake up...

x 0

When I see the way stocks like this seemingly being manipulated wholesale, I&rsquo ll repeat n reinforce what I said, ie, seems that market riggers are getting bolder by the day. N this state of affairs will likely go on unabated until disaster strikes yet again and it wld be too late to realise that the curse of ABL has not disappeared. Then more genuine market participants will quit with not so much of fear than disgust n disdain, n liquidity n market cap will tank even further. I&rsquo m not vested SBI. But my qn is &ndash is this the way the market is seemingly being allowed to degenerate into. Do we envisage an orderly n well-disciplined stock market as an integral part of a world class n world renowned financial centre or is it inadvertently evolving into the world&rsquo s favourite playground for chng kays? Never mind that regulators the world over are cracking down hard on currency n interest-rate riggers. Just move over to the stock casinos n party on without fear. For Singapore citizens though please beware: casinos are tourist products n we don&rsquo t want us to become compulsive gamblers. Eh .... does this include stock punting cos we can get seriously burnt and cause untold misery to our loved ones too? Anyway, if there' s no one looking over u, party on if u must. But make sure someone else is carrying the baby when the music stops.

Woods30 ( Date: 21-Nov-2014 17:15) Posted:

Now, they are going for Kingboard Copper... so clear all manipulated...nothing to do with sore eyes or whatever lah...wake up...

x 0

Yep, really free play. Apparent riggers get bolder by the day. Why? Cos that' s the signal they are given. OK, so there appears to be people watching over n coys are pulled up for unusual trading/inordinate trading patterns. But got anyone hue or not? The response to any query? No need to guess. Even a kid knows the answer by now - a shrug of the shoulder and, the common ' we are not aware' liner. Then the customery ' TWC (trade with caution) mandate is issued. But do these words exist in anybody&rsquo s vocabulary at all. In the heat of excitement a couple swears they&rsquo ve never heard abt aids. N so the party goes into full swing cos police already checked the house n won&rsquo t come back again mah. Got the picture now? We say stocks like these give us a bad name. Shn&rsquo d we wonder also whether we are giving ourvelves a bad name by the way we conduct our policing affairs? Which brilliant chap came up with this potent TWC prescription I wonder. Will we ever learn from ABL? From the way things seem to be replaying .... errrr ....

Woods30 ( Date: 21-Nov-2014 00:41) Posted:

really free play for bbs and crooks to work prices as they wish...when they wish, they will throw down and short this stock and still make money.... goodness gracious!

x 0

Can. And good luck, seriously. Just wonder though how many people succeeded in shorting Blumont down when it wos on its way to Mars.

uchihaclan ( Date: 20-Nov-2014 08:11) Posted:

so i think we should short this stock

Qanghoo ( Date: 20-Nov-2014 06:45) Posted:

Re-posted to correct typos.

These days, any stock name which contains the word ' offshore' seems to be regarded as valueless and consigned to the waste dump without any thought. But, amazingly n inexplicably, this one seems more valuable than any blue chip one can think of even though NAV < 12c, PE> 100, eps 0.5c. Wld anyone say it' s not syndicate at work? And who took a big stake recently? Is it foreign syndicate rigging? Repeat of ABL? But apparently market police wld not see anything amiss until disaster strikes yet again. Then liquidity n market participation will dive even lower. Really, what kind of market are we in?