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04-Sep-2014 21:35

Neptune Orient L Rg / NOL

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Will the Singapore Govt divest?

Lucky03 ( Date: 04-Sep-2014 21:24) Posted:

Given China Government aggressive push to reform the shipping industry and to urge them to retire aging ships and modernize their fleet for more eco-friendly and fuel efficient fleet, ever cross anyone's mind that some Chinese firms may contemplate acquiring NOL ???? NOL has just complete its exercise and offer good time to market !

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04-Sep-2014 17:51

Chip Eng Seng / ChipEngS - Low PE, High Yield and High NAV in One

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One broking hse estimated FY14 EPS at 28c. Maybe it cld be even higher, possibly 30c. And if EPS is really gonna be that high, cld CES even be considering 3c special dividend on top of the normal 4c? Lets hope so.

Kyoto2008 ( Date: 04-Sep-2014 16:54) Posted:

The CEO smile like he got something up his sleeve. Later share price go past $1 he would say " who ask you never buy?"

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04-Sep-2014 14:48

Chip Eng Seng / ChipEngS - Low PE, High Yield and High NAV in One

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This one' s got a turbo engine installed and tearing away at twice the speed of sound whereas Wee Hur' s engine has stalled.

ozone2002 ( Date: 04-Sep-2014 14:03) Posted:

Chiong baby!!

Last:0.925 Vol:2614k

+0.025

Time: 12:23PM
Exchange: SGX
Stock: Chip Eng Seng(C29)
Signal: Resistance - Breakout with High Volume
Last Done: $0.925

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04-Sep-2014 11:08

STATS ChipPAC / STATSChP

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Let' s bear in mind that TH itself tried taking SC private some yrs back, probably at a higher valuation. Why? They did not succeed. Why? Obviously thee must be greater intrinsic value not unearth by a lot of investors. .

stockeers ( Date: 04-Sep-2014 10:57) Posted:

simple logic...

if there was inquiries to buy the co. .... potential buyers see good prospect....

if seller doesnt want to sell cheap ..... potential seller see good prospect.... why should sell cheap?

so now... bargaining time !

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04-Sep-2014 10:21

STATS ChipPAC / STATSChP

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With or without a takeover, there' s a possibility of the share price moving to closer to $1 if SC returns to profitability, especially with the hope that the the global economy is able to grow at a higher rate in the near future. So, investors who hold longterm might be well rewarded.

Kyoto2008 ( Date: 04-Sep-2014 10:07) Posted:

There are buyers in queue.

Believe that the sentiment for this stock has improved after many investors shared their knowledge on the industry and what' s happening. Sellers would be those who have higher opportunity costs.

It' s what a good forum should be, participative and sharing of knowledge. Hv learnt a lot from the posts. Many thanks.

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04-Sep-2014 09:57

Courts Asia / Courts Asia

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The Great Courts Sale is on with no end date - but no buyers! Company is fighting a losing battle trying to support the price. Very soon, they will suffer from financial exhaustion and price will collapse < 40c. Better not be killed by a mighty plunging knife!.

kelvinleow79 ( Date: 03-Sep-2014 22:03) Posted:

If you look at the chart... you see that it has made a historical low of 0.445 today.

Selling very intense with huge trading volume.

Stock has been trending lower and lower...

Never catch a falling knife...

I suggest you keep the stock in your watchlist and monitor further.

fundamentalhero ( Date: 03-Sep-2014 20:22) Posted:

senior (assuming you in born 79 year) care to share why will become more attractive? I buying more soon with my pay if more attractive what price good entr

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04-Sep-2014 09:08

Sheng Siong / Sheng Siong

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Haha, all the hype over nothing. Let' s take the fun ride down the big splash, shall we?

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27-Aug-2014 22:41

Global Logistic / Global Logistic

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Just not so long ago, every day also sell down until facc green green. Now a mighty reversal. That, in a nutshell, is the Singapore Stock Market.

Kyoto2008 ( Date: 27-Aug-2014 22:14) Posted:

Seems it has already broken out. My point of reference is 2.83.

stevenk ( Date: 27-Aug-2014 21:14) Posted:

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27-Aug-2014 22:37

China Fishery / China Fishery - Low PE

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According to CF' s latest result, NAV is 59c (US)/share. Multiplied by total shares and CF' s NAV is abt 1.5 bil (S$). That includes the net value of Copeinca.

EZ3626 ( Date: 27-Aug-2014 22:26) Posted:

I am one not knowing much about this fish affairs but one thing I do know, ever since S69 spoke about the wind and rain ... man ... it has been raining non stop and the monsoon wind.

SP, you don' t believe what Fitch said about Copeinca asset worth of US$2.5B ? Is there any reason why you doubt a Global Rating Agency saying ?

Sorry .. just don' t get it ?????

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27-Aug-2014 21:47

Rotary Engg / Rotary

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Anyone in the know whether this project is within Rotary' s business and, if so, whether they bid for it and did not win?

Samsung wins contract to build world' s largest LNG storage tank in Singapore, expand terminal

Angela Tan

angelat@sph.com.sg

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SINGAPORE LNG Corporation (SLNG) has awarded a S$700 million engineering, procurement and construction contract for the Phase 3 expansion of the Singapore LNG Terminal to Samsung C& T Corporation.

The contract, signed on August 26, involves the further expansion of the terminal to include a fourth liquefied natural gas (LNG) storage tank and additional regasification facilities.

The expansion will boost the terminal' s send-out capacity to around 11 million tonnes per annum (Mtpa) from the current six Mtpa.

At 260,000 m3, the new fourth LNG storage tank will be the largest in the world, and able to receive a full cargo load from a Q-Max carrier, which is currently the largest LNG carrier in the world.

John Ng, chief executive officer of SLNG, said the expansion would allow Singapore to respond to new business opportunities in the regional or global LNG markets.

Construction of Phase 3 is scheduled to begin by end-2014.

The regasification facilities are expected to be completed by 2017, while the fourth tank is expected to be completed by 2018.

The terminal' s design also makes provisions for a possible future Phase 4 expansion, which may be considered at a later stage should the demand support the investment.

Singapore LNG Corporation was incorporated by the Energy Market Authority in June 2009 to develop, build, own and operate Singapore' s first LNG terminal on Jurong Island.

The Singapore LNG Terminal began operations in May 2013 with two storage tanks and an initial throughput capacity of 3.5 Mtpa. A third tank and additional regasification facilities were completed in January 2014, increasing the throughput capacity of the terminal to six Mtpa, and a secondary jetty was added to the operations in March 2014.

To date, the terminal has received 32 LNG vessels delivering more than 108 million mmBtu (million British thermal units), or about 2.06 million tonnes, of LNG to Singapore.

sgjames ( Date: 25-Aug-2014 00:29) Posted:

margin raised from 20% to 50%

sgjames ( Date: 25-Aug-2014 00:28) Posted:

Kim Eng CFD just increased the margin for this stock. Will be effective 1 Sep. For me, it says a lot about broker' s expectations for this stock. But again, its BB' s play if they want. Saw a 9 mil buy q sometime last Wed/Thur, ever since, the price has been going up. *not vested.

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27-Aug-2014 21:43

STATS ChipPAC / STATSChP

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If I remember correctly, the final offer by TH was 1.88. This is in my mind cos I was one of those who didn' t accept the offer (one lot only, lah - in CPF). Subsequently, Stats returned some cash to shareholders. Can' t remember how much. So, the price TH paid wld have been 1.88 - cash returned.

leeeta ( Date: 27-Aug-2014 15:54) Posted:

http://www.bloomberg.com/news/2014-08-27/chinese-semiconductor-companies-said-to-weigh-bids-for-stats-1-.html

Chinese chip-testing companies Jiangsu Changjiang Electronics Technology Co. (600584) and Tianshui Huatian Technology Co. are considering bids for Singapore&rsquo s Stats Chippac Ltd. (STAT), said people familiar with the matter.

The two companies are working on offers after unprofitable Stats Chippac, valued at S$1.3 billion ($1 billion) at yesterday&rsquo s close, said it had received takeover approaches, the people said. They asked not to be identified because the deliberations are confidential. A deal for Stats Chippac could be reached early next month, one of the people said.

Semiconductors is a strategic industry needed for China&rsquo s economic development and national security, the official Xinhua News Agency said in June, citing a plan issued by the State Council. China will increase financial support for the industry and plans to set up a national investment fund, Xinhua said.

Stats Chippac shares jumped as much as 6.6 percent on the news, the biggest gain since July 1.

Stats Chippac, the fourth-largest provider of semiconductor testing and assembly services by sales, narrowed its loss in the second quarter as sales rose. The company, majority owned by Singapore&rsquo s state investment firm Temasek Holdings Ltd., said in June that it ended talks with one party while discussions with other potential bidders were continuing.

Changjiang Chairman Wang Xinchao didn&rsquo t answer two calls to his mobile phone seeking comment.Stephen Forshaw, a spokesman for Temasek, declined to comment in an e-mail. Officials at Tianshui Huatian and Stats Chippac weren&rsquo t reachable.

Private Placement

Shares in Stats Chippac have jumped 48 percent since the company first announced it had received an approach on May 16. Advanced Semiconductor Engineering Inc. (2311), the world&rsquo s biggest chip assembler and tester, had previously considered an acquisition, according to people familiar with the matter. An official at Advanced Semi declined to comment.

Changjiang said Aug. 25 it won approval from the Chinese securities regulator to sell as many as 235 million shares in a private placement. At yesterday&rsquo s closing price, such a sale would raise as much as 2.5 billion yuan ($407 million), data compiled by Bloomberg show.

A purchase of Stats Chippac would add to the $31.1 billion of semiconductor deals announced worldwide in the past year, data compiled by Bloomberg show, and would further China&rsquo s goal of bolstering its technology industry. Changjiang has a market capitalization of 9 billion yuan, while Huatian is valued at 8.1 billion yuan.

Temasek acquired a majority holding in Stats Chippac in May 2007. The investment firm paid S$1.75 per share for an 83 percent stake.

take note : Temasek paid $1.75 per share... surely Temasek not letting go for peanuts.

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25-Aug-2014 15:53

Tiong Woon / Tiong Woon

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May be 32c more like it.

johnng ( Date: 25-Aug-2014 10:05) Posted:

rising towards 40cents!

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25-Aug-2014 12:02

United Engineers / United Engineers

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Was there a report of some interest from OUE? But even if there is no competitor, wld the major shareholders sell < 3, given the potential intrinsic value not priced in at 2.79? Don' t think OCBC are that desperate, are they. They didn' t initiate a fire sale anyway. So, they' d probably agree only if the offer is attractive, which 2.79 may not be.

oscar10 ( Date: 25-Aug-2014 11:39) Posted:

Besides all these fundamental analysis, is there any other competitor beside Thai tycoon? If not.. Who is willing to buy at high or even higher price?

Based on F& N, there are a number of competitors. Here?

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25-Aug-2014 10:45

United Engineers / United Engineers

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Yes, I think easily > 3/share. Was hoping for some dip to enter and make abt 10%. But don' t know what' s next now.

Kyoto2008 ( Date: 25-Aug-2014 10:32) Posted:

Net Asset Value is not the only parameter to be considered in arriving at UE' s fair value.

It is a profitable company, cash of 744mln against a debt of 1bln. Plus assets avail for disposal is about 1.5 bln. Looks very comfortable with liquidity and debt.

It would be a surprise if UE is valued at NAV alone, based on the fundamentals, UE is an undervalued company with growth potential, with a low PE way below it' s peers.

Not forgetting the teochew has to buy 66% from the market after OCBC agrees to sell (likely above 2.79). Remember F& N, Charoen offered 8.88 to the public and later up the price to 9.95 when OUE came in.

Who wouldn' t want to buy a profitable co at a low price?

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23-Aug-2014 17:59

Seatrium / Sembmarine

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I recall a few mths back reading that Philips Securities had a TP of 3.70. Don' t think there' s another more pessimistic TP. MacQuaarrie' s TP is 5. I think since 2014, the low is abt 3.90 and high < 4.20. Doubt if it wld reach 5 in the next 12 mths. It' s margins are lower, compared to Kep, and the new repair yard at Tuas has not lived up to analysts expectation. If that improves, I believe it cld get back to the 4.50 range. And if overall margins improve, and contributions from associates like COSCO are also more positive going forward, then maybe can get closer to 5.

Huat777 ( Date: 23-Aug-2014 15:30) Posted:

Even UOB is talking long term... so this is not for those looking for a this-wk-buy, next-wk-cheong kind of penny.

Huat777 ( Date: 23-Aug-2014 14:09) Posted:

Definitely an undervalued blue, whether fundamentally or technically... gonna accumulate b/t 3.5-4.0... shld reach 5-5.5 in 3-6 months... at least 25% gain... if you can over come your emotions!

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22-Aug-2014 08:38

OCBC Bank / OCBC

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Me waiting for 8.50 as a target entry price. I was dead sure that the price wld be eventually pushed back. Haven' t we seen this kind of thing many times before? Well, it' s happened again. But for those like me who was too ambitious did not profit from it.

justice ( Date: 22-Aug-2014 07:55) Posted:

did not muster up enough encourage to go in when the price fell to 9 sigh :)

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22-Aug-2014 08:30

Sheng Siong / Sheng Siong

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Just a little caution. No doubt the JV may in the long run prove very successful. With the current situation in PRC though, and high statup, interest and other operating costs and currency fluctuations, the likelihood of the venture adversely impacting bottomline in the near term cannot be discounted. If that happens, CKs will have a field day forcing the share price down for their own gains. Just look at Midas, HLA and GLP as a few examples. DYODD though.

justice ( Date: 22-Aug-2014 07:36) Posted:

Indeed very good news, will buy more today if there is a chance

Fatboyslim ( Date: 22-Aug-2014 00:27) Posted:

Sheng Siong Group Ltd:Announces that together with subsidiaries it has entered into non-binding letter of intent (LOI) on Aug. 21.Agreement in relation to proposed joint venture with Kunming LuChen Group Co., Ltd.To operate supermarkets in People&rsquo s Republic of China.Says joint venture company (JVC) will have registered capital of $10 mln.Says Group will hold 60 pct of equity interest in JVC.Says LuChen Group will hold 30 pct of equity interest in JVC.

Ho Ho Ho, very good news leh.

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20-Aug-2014 17:41

Sembcorp Ind / SembCorp Industries

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The main culprit pulling Semcorp I down is the rig side. Also, wholesale elec price in Spore seem very competitive.

buylist ( Date: 20-Aug-2014 16:40) Posted:

Thanks for input. BEside the rig business (SembCorp Marine), it has utlities and it has been gaining traction overseas. I want to be vested and looking for a good entry price.

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20-Aug-2014 17:35

Hong Leong Asia / Hong Leong Asia

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Looks like the main problems are the consumer products side in the PRC. Don' t know when they can turn the property sector around. If it happens soon enough, Xinfei n Airwell' s fortunes shd improve and HLA wld likely trade closer $2.

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20-Aug-2014 11:17

Neptune Orient L Rg / NOL

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Good qn: Can NOL do an SMRT? Answer is no, simply because while NOL operates in an extremely harsh environment where survival depends on the global economic climate and how proactive management response to market conditions and the cut-throat competition among rival operators, SMRT is a cash cow in a market with practically no competition, at present at least. When costs go up, no need to tax the brain too much to to see how operations can be managed more cost-effectively. Just ask for fare increase and it shall be given eventually, so that it not only returns to profitibility soon enough but is able to make sure that dividend is paid year in year out. How many companies listed on SGX can afford such luxury like them. Just look at their latest results.

jj7007 ( Date: 20-Aug-2014 10:37) Posted:

If u look at the 1st 2 announcements this year, it dropped after the results. But the recent one, it was holding steady and possibly telling you that it is the floor already.

I think there is a chance of it touching 1.10 but maybe not at this run.. Can it do a SMRT?

Not vested anymore, but watching.. Missed my chance to buy at 94c cuz there were better options that had dropped quite a bit.

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