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Latest Posts By Starship - Supreme      About Starship
First   < Newer   7001-7020 of 7053   Older>   Last  

17-Sep-2017 13:17 Golden Energy   /   Golden Energy new       Go to Message
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x 0 		Winder if retail investors are the ones taking a hit:

Golden Energy to carry out capital reduction exercise to write off US$401.2m

GOLDEN Energy and Resources is planning to carry out a capital reduction exercise to write off losses of US$401.2 million that the firm has accumulated up to the end of 2015.

These losses arose from impairment losses for subsidiaries and their doubtful debts loss on disposal of subsidiaries mandatory convertible bonds issued by United Fiber System, the previous incarnation of the firm and finance, legal and professional fees for various past corporate exercises.
The group plans to cancel share capital by the same amount.

" This serves to rationalise the balance sheet of the company for it to be an accurate reflection of the value of its underlying assets, and thus the financial position of the company," said Golden Energy in its announcement.
The capital reduction will also facilitate future equity-related fund raising exercises, it added.

http://www.businesstimes.com.sg/companies-markets/golden-energy-to-carry-out-capital-reduction-exercise-to-write-off-us4012m
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15-Sep-2017 14:40 ComfortDelGro   /   ComfortDelGro fundamentally strong but price weak       Go to Message
x 0
x 0 		Giant GLCs taking turns to set new lows. Lol.
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13-Sep-2017 10:59 Venture   /   Venture       Go to Message
x 0
x 0 		How can it go up nearly 10% just like that? And no news can be found.
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08-Sep-2017 00:55 Triyards   /   Triyards - Bid coming ?       Go to Message
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x 0 		COO also jumped ship

http://sgx.i3investor.com/servlets/anpth/296746.jsp
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06-Sep-2017 22:41 Triyards   /   Triyards - Bid coming ?       Go to Message
x 0
x 0 		The delay of collections from certain projects and limited liquidity resources has put the Group in a position where it is unable to meet certain loan repayments. Currently, the Group has received demand letters from two of its lenders, for an aggregate overdue loan instalments amounting to approximately US$ 0.8 million. The Group is currently in negotiations with these lenders, the failure of which could potentially result in these lenders calling for the entire outstanding loan amounting to an aggregate sum of approximately US$ 6.9 million and potential cross default on other loans granted by other financial institutions to the Group. The Group has engaged a financial advisor who is currently working with the Group with an aim to put up restructuring plan to its various stakeholders. In light of the foregoing, the Group is not in a position to assess reasonably its financial position and could have a potential going concern issue until a viable restructuring plan is in place. Therefore, the Company will be converting the trading halt of the Company&rsquo s shares to a trading suspension.

By Order of the Board Lee Kian Soo Chairman
  September 2017

http://infopub.sgx.com/FileOpen/TRIYARDS_Update%20on%20Financial%20Condition%20and%20Voluntary%20Trading%20Suspension.ashx?App=Announcement& FileID=469714
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06-Sep-2017 16:21 Olam Intl   /   OLAM_OLAM       Go to Message
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x 0

Olam to Enter Shipowning business

 
SINGAPORE commodity trader Olam International has moved to enter the shipowning industry by acquiring four secondhand .ultramax vessels from China-based Greathorse International.
According to MANA, The deal sees Olam join the wave of other traders such as Cargill, Trafigura and Rhodium Energy investing in ships this year, amid bullishness in the market.
However, compared with other traders, Olam has not indulged in ordering newbuildings.
The vessels bought by Olam include 63,488 dwt Tiger Zhejiang, 63,997 dwt Tiger Beijing, 63,570 dwt Tiger Hong Kong and 63,488 dwt Tiger Tianjin. They were all built in 2015 by the Chinese yard Chengxi.
Price details have not yet emerged, but Howe Robinson quotes in its weekly sales and purchase report that all the vessels were sold at $80m en bloc.
According to Clarksons, so far this year around 423 vessels exchanged hands in the dry bulk market, with the highest secondhand sales taking place in the supramax and ultramax segment.
Olam is a Singapore-listed global supply chain manager of agricultural products and food ingredients operating in around 70 countries across the globe.

http://www.mana.ir/5177/index.aspx?nid=76029& mId=13659
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06-Sep-2017 16:18 Olam Intl   /   OLAM_OLAM       Go to Message
x 0
x 0 		Olam is streaking across international news sites with positive business developments: 

Olam Widens Coverage Of It' s Farmer Information System
 

Over 14,000 farmers in Ghana are now registered to the Olam Farmer Information System (OFIS), a revolutionary technology which enables mapping and survey of farms, using an Android app to harness data for the benefit of smallholder farmers and cooperatives.

This &lsquo one stop tech platform&rsquo collects farm-gate data, such as the age of trees, farm infrastructure and weather patterns for analysis which informs ongoing sustainability initiatives, such as Good Agricultural Practice (GAP) and training delivered regularly to small holder farmers.

GAP empowers farmers to optimise on their crop-per-plot yield and by inputting outcomes into the Olam Farmer Information System, progress on farms can be tracked over time and training adapted where necessary. This system ensures the efficient use of resources and helps to increase farmers&rsquo yields and incomes.

http://www.asempanews.com/news/38303/olam-widens-coverage-of-its-farmer-information-system
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06-Sep-2017 16:11 Olam Intl   /   OLAM_OLAM       Go to Message
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x 0 		Olam acquires 6 newly incorporated subsidiaries

It also sold its 20% stake in Agrex Australia for US$8.8m.

Olam International Limited' s (Olam) wholly-owned subsidiary Queensland Cotton Corporation sold its 20% stake in Agrex Australia Pty Ltd (formerly known as Olam Grains Australia Pty Ltd) for US$8.8m.

Meanwhile, six companies recently joined the company' s list of associates.

Olam Outspan (Cambodia) Co., Ltd. has an issued share capital of $1,354 (US$1,000) and is owned by Olam 100%. It specialises in procurement.

Thuan Minh Import Export Corporation is based in Vietnam and focuses on rice import and export. It has an issued share capital of $3m (VND50b), with Olam' s interest at 49%.

Another company in Vietnam, Truong Thinh Construction and Investment Joint Stock Company, is also held by Olam for 39% for a share capital of $1.1m (VND19.4b). It specialises in plantation.

Olam Holdings, an investment holding firm in the US, has also joined the list. Olam holds 100% interest and has issued share capital of $13,547 (US$10,000).

Olam Rwanda has a share capital of $802 (RWF500,000) and interest of 100%. It manufactures agricultural products.

Lastly, Xinjiang Olam Global Trading Limited from China is held 100% and has a share capital of $10.4m (CNY5m). It focuses on the processing, sale, import and export of agricultural products.

http://sbr.com.sg/agribusiness/news/olam-acquires-6-newly-incorporated-subsidiaries
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06-Sep-2017 11:21 ComfortDelGro   /   ComfortDelGro fundamentally strong but price weak       Go to Message
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x 0

Nice article. Looks like Comfort might have chosen a wrong ally:
Fall of Singapore would be beginning of the end for Uber

PUBLISHED:  5:50 PM, SEPTEMBER 5, 2017

HONG KONG &mdash Of all the setbacks during World War II, the one that British Prime Minister Winston Churchill could never really get over was the fall of Singapore. Seventy-five years later, Dara Khosrowshahi shouldn&rsquo t even want to contemplate the costs of surrendering the city&rsquo s ride-hailing market &mdash for that might mean the beginning of the end of Uber Technologies Inc.&rsquo s global empire.

As my colleague Shira Ovide points out, from angry drivers and wary regulators to a sick corporate culture and a founder with outsize voting power, Mr Khosrowshahi, Uber&rsquo s new CEO, has a lot on his plate. Add to that the battle for Singapore.
The enemy is Grab, a regional rival that claims to be the No 1 choice in Singapore, Indonesia, Malaysia, Vietnam, Thailand and the Philippines. On Sunday night (Sept 3), Grab reached out to drivers at ComfortDelGro Corp., Singapore&rsquo s largest taxi company, offering them discounts of almost 50 per cent on rentals if they switch. Although ComfortDelGro shares fell for a second day on Tuesday, it&rsquo s clear who Grab&rsquo s real target is: The attack came after the operator said it was talking to Uber about a partnership.


Mr Khosrowshahi is being dared to an all-out war. If he doesn&rsquo t take up the gauntlet, it&rsquo ll be a repeat of China, where Didi Chuxing forced Uber to throw in the towel.

Singapore is a small market of 5.6 million residents, but 3 million Indonesians came to the island last year to shop and consult with their private bankers and dentists. Add the 1 million visitors from Thailand and Vietnam, and Singapore becomes the beachhead of an emerging single market of more than 600 million. Within the next decade, Malaysia and Singapore will be connected by a 350km-long high-speed train network. People won&rsquo t use different apps at the two ends of their journey. The winner will take all.

But who&rsquo ll emerge victorious? Toyota Motor Corp has invested in both Uber and Grab. The traditional taxi business in Singapore, however, is being forced to choose. Even as ComfortDelGro is thinking of throwing in its lot with Uber, the smaller operators have gone over to Grab&rsquo s camp. http://www.todayonline.com/commentary/fall-singapore-would-be-beginning-end-uber
 
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05-Sep-2017 17:15 Triyards   /   Triyards - Bid coming ?       Go to Message
x 0
x 0 		Still halted today.
I wouldn' t even dare to hope for anything good.   Luckily I bit the bullet and sold both Ezion and Triyards at losses before the halts.
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01-Sep-2017 14:56 Wilmar Intl   /   Wilmar - Watch for a Strong Rally to Come!       Go to Message
x 0
x 0 		Wilmar sets sight on everyone' s sweet tooth -- Chocolate:

Wilmar acquires 50% stake of Singapore' s Aalst Chocolate

WILMAR International has acquired a 50 per cent interest in Singapore chocolate manufacturer Aalst Chocolate.

The acquisition, made through its wholly-owned subsidiary, KOG Investments, was undertaken through a mix of subscribing for new shares in Aalst, the purchase of the entire interest held by International Chocolate & Cocoa Holdings, and the purchase of equity interests from Richard Lee, the firm' s founder and CEO, and Connie Kwan, its co-founder and managing director.

The other 50 per cent stake in Aalst Chocolate will still be owned by Richard Lee and Connie Kwan, collectively.

The amount paid for the acquisition was not disclosed.

http://www.businesstimes.com.sg/companies-markets/wilmar-acquires-50-stake-of-singapores-aalst-chocolate
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31-Aug-2017 16:17 Cityneon   /   Cityneon       Go to Message
x 0
x 0 		Looks more like gap down at this moment.
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31-Aug-2017 10:50 GuocoLand   /   GuocoLand       Go to Message
x 0
x 0 		The day Guocoland reports huge profits from it' s Tg Pagar Centre, all the broking houses and analysts will sing praises in concert and tout BUY. And herds of investors and traders would troop into the counter.   But by then all the BBs would have already accumulated at low. 
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30-Aug-2017 17:14 NetLink NBN Tr   /   Netlink Trust IPO allotment       Go to Message
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x 0 		Since the Stabilization Action required from the Underwriter, Morgan Stanley had ended on 18 Aug, I' m not surprised broking houses etc now have to rely on themselves to prop up the stock price. MS bought so much shares during the stablisation requirement.

https://www.shareinvestor.com/news/news.html?source=sg_sgxnet& nid=701553 
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29-Aug-2017 16:29 OUE   /   OUE LTD worth buying for long term       Go to Message
x 0
x 0 		This counter is like a despised step-child. Other property bigwigs like City Dev, Bt Semb, Capitaland etc have been making new highs but this keeps dropping or at most hanging on for dear life on a daily basis.
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29-Aug-2017 16:23 NetLink NBN Tr   /   Netlink Trust IPO allotment       Go to Message
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x 0 		Maybe because BBs need to get rid of huge amounts quick. Lol.

ALLOTMENT AND ISSUE OF UNITS PURSUANT TO OVER-ALLOTMENT OPTION 

Further to the Cessation of Stabilising Action Announcement, the Trustee-Manager has on 23 August 2017 issued 32,971,100 Units for the purposes of covering the balance of the 123,456,000 Units which had been over-allotted in connection with the Offering, and which were not covered by purchases made under the price stabilising action. As a result of the issue of new Units in connection with the exercise of the Over-allotment Option, the total number of issued Units in the Trust has increased from 3,864,000,000 Units to 3,896,971,100 Units. The 32,971,100 new Units rank pari passu in all respects with the existing Units of the Trust, and have been listed and quoted on the Singapore Exchange Securities Trading Limited on 24 August 2017.

http://repository.shareinvestor.com/rpt_view.pl/id/702164.1/type/sgxnet/original_filename/1

 
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28-Aug-2017 23:27 GuocoLand   /   GuocoLand       Go to Message
x 0
x 0 		I found that most stock threads that are dead or half dead are quality stocks. Such threads indicate real investors rather than traders are interested in that stock. Just look at OCBC, DBS, UOB, City Dev threads.

Conversely, busy threads are mostly populated by day-traders  who profit from high volatility, stock rumours, sinking counters, churning counters by executing frequent buying, selling and shorting.   Look at Noble, Ezion, Best World, Rowsley threads.

Investors are best served by quiet threads. Day-traders will feel most at home in hot threads.        

ganyun      ( Date: 28-Aug-2017 16:42) Posted:

When i was vested 1 mth ago this thread was so dead. Ppl saying this counter is a dead value trap. Now having fireworks and i have taken profit too early. Ppl starts coming in
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28-Aug-2017 14:40 GuocoLand   /   GuocoLand       Go to Message
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x 0 		Huge profits plus 7c dividends but the stock price went up a measely 1c?
Many investors fail to see value when even when it' s staring at their faces. Instead they keep piling into bottomless sink-holes such as Noble and Ezion, just like the fairy tale of the Pied Piper of Hamelin. Lol.

GuocoLand' s Q4 net profit surges S$205m to S$244.8m

PROPERTY developer GuocoLand Limited' s net profit for its fourth quarter leapt S$205 million to S$244.8 million from the preceding year, the group said in a Singapore Exchange filing on Sunday morning.

For the three months ended June 30, revenue surged 89.9 per cent to S$407.4 million from the previous year. The gain in revenue was due to higher sales and progressive revenue recognition from Singapore' s residential projects as compared to the previous corresponding quarter, it said.

http://www.businesstimes.com.sg/companies-markets/guocolands-q4-net-profit-surges-s205m-to-s2448m
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24-Aug-2017 09:59 Best World   /   THE BEST IS YET TO BE       Go to Message
x 0
x 0 		Let' s see how accurate these analysts are:

Maybank Kim Eng 21/8/2017  BUY TP $1.88
DBS Research 16/8/2017 HOLD TP $1.45
CIMB Research 16/8/2017 ADD TP $1.80

http://research.sginvestors.io/2017/08/best-world-international-best-sp-maybank-kim-eng-2017-08-21.html

http://research.sginvestors.io/2017/08/best-world-international-dbs-research-2017-08-16.html

http://research.sginvestors.io/2017/08/best-world-international-ltd-cimb-research-2017-08-16.html
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23-Aug-2017 09:59 Best World   /   THE BEST IS YET TO BE       Go to Message
x 0
x 0 		Today punters have all headed over to Comfort Delgro counter and thread. Lol.
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