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puppey Veteran	14-Mar-2020 14:54        puppey About Contact  Quote this Post!
x 0   x 0  Alert Admin	thats too high for its current financial status..should be more than a dollar but not to 1.5 .. there' re still retailers holding for miracle so privatisation unlikely for now.. management is not stupid afterall.. every bounce is a short opportunity unless proven otherwise imo :)   cheongweevictor      ( Date: 14-Mar-2020 14:39) Posted: hope it is pte at 1.3/1.5..
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cheongweevictor Supreme	14-Mar-2020 14:39        cheongweevictor About Contact  Quote this Post!
x 0   x 0  Alert Admin	hope it is pte at 1.3/1.5..
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Stocky901 Supreme	14-Mar-2020 14:19        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Last time you promoted so hard on Ezion untill a lot peoples go holan.. Lucky03      ( Date: 13-Mar-2020 09:37) Posted: Even if privatisation uses the company level of $0.93 as a gauge, should.be ok to pick up a few at current price and put aside. Unlike Ezion who has to own vessels to charter out, SMM business is more in building so asset wise should be significantly lower relative to Ezion. It is more like Malaysia's Yinson but SMM is just not winning enough contracts. Lucky03      ( Date: 13-Mar-2020 08:48) Posted: In its last financial statement, it stated nav is $1.03 and $0.93 at Group and Company level. Which should be used for such purpose of evaluation
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Lucky03 Elite	14-Mar-2020 07:31        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	On Friday, prices were higher, rebounding after the United States and other nations signalled plans to support weakening economies. But Brent crude dropped 25 per cent on the week, the biggest weekly fall since the 2008 global financial crisis. On Friday, Brent rose US$0.63 to settle at US$33.85 a barrel. US West Texas Intermediate (WTI) crude futures fell about 23 per cent on the week, their biggest percentage decline since 2008. WTI rose US$0.23 to settle at US$31.73 a barrel, after earlier gaining to US$33.87 a gallon. Hopes for a US stimulus package that could ease an economic shock from the coronavirus provided some support to the oil and stock markets on Friday. "There's hope that all the stimulus will stabilise the economy and offset some of the concerns about weaker demand and keep parts of the economy strong enough to support oil prices," said Phil Flynn, analyst at Price Futures Group in Chicago. Saudi Arabia, the world's largest exporter, and the United Arab Emirates offered more oil to customers after the Organization of the Petroleum Exporting Countries' (OPEC) talks with Russia and others on supply restraint collapsed last week.
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Lucky03 Elite	14-Mar-2020 07:24        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In declaring a national emergency, Trump invoked the Stafford Act, which allows him to direct up to $50 billion in federal funds to states, territories and municipalities. Trump also indicated that interest would be waived on all student loans held by federal government and that the U.S. strategic petroleum reserve would buy a large amount of crude oil _. TraderBen      ( Date: 13-Mar-2020 23:40) Posted: Stupid DT anyhow talk again. Hopefully not another -2000 at Dow tonight. If not it?s a black Monday. Lucky03      ( Date: 13-Mar-2020 16:24) Posted: Good that the oil price is firmly above $32 and futures of Wall Street is positive more than 900 pts.
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TraderBen Supreme	13-Mar-2020 23:40        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stupid DT anyhow talk again. Hopefully not another -2000 at Dow tonight. If not it?s a black Monday. Lucky03      ( Date: 13-Mar-2020 16:24) Posted: Good that the oil price is firmly above $32 and futures of Wall Street is positive more than 900 pts.
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TA_Expert Supreme	13-Mar-2020 20:46        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Dow can down 2000 points but can recover all losses the next day. This is due to panic. No need to time the market. Just buy when the price has fallen to " too good be true" . This is the last chance to pick up durians. The next crisis will be like 15 to 20 years. This is not an annual affair. Lucky03      ( Date: 13-Mar-2020 20:37) Posted: Same here. Oil is above $33 and Dow Future is positive of more than 1000 pts. Sgvale      ( Date: 13-Mar-2020 16:26) Posted: Over weekend .Cautiously optimistic some positive news for oi
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Lucky03 Elite	13-Mar-2020 20:37        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Same here. Oil is above $33 and Dow Future is positive of more than 1000 pts. Sgvale      ( Date: 13-Mar-2020 16:26) Posted: Over weekend .Cautiously optimistic some positive news for oil Sgvale      ( Date: 13-Mar-2020 16:22) Posted: Saudi Arabia can't keep oil price low for long. Unless Saudi have no intention to divert their heavy reliance on oil to expand other industries for their economy. Current much of the country revenue is generated through the sales of oil. At some point will have to Russia cooperation to pop up oil price.
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Sgvale Supreme	13-Mar-2020 16:26        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Over weekend .Cautiously optimistic some positive news for oil Sgvale      ( Date: 13-Mar-2020 16:22) Posted: Saudi Arabia can't keep oil price low for long. Unless Saudi have no intention to divert their heavy reliance on oil to expand other industries for their economy. Current much of the country revenue is generated through the sales of oil. At some point will have to Russia cooperation to pop up oil price.
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Lucky03 Elite	13-Mar-2020 16:24        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good that the oil price is firmly above $32 and futures of Wall Street is positive more than 900 pts.
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Sgvale Supreme	13-Mar-2020 16:22        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Saudi Arabia can't keep oil price low for long. Unless Saudi have no intention to divert their heavy reliance on oil to expand other industries for their economy. Current much of the country revenue is generated through the sales of oil. At some point will have to Russia cooperation to pop up oil price.
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pasttime Supreme	13-Mar-2020 13:36        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	increasing demand for vlcc as oil storage on top of oil transport may increased demand for vlcc
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Lucky03 Elite	13-Mar-2020 09:55        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	All the more they need to hasten the merger to optimise resources and be more competitive. ZERO99      ( Date: 13-Mar-2020 09:42) Posted: How to win more contract?. Oil price so jialat now. SMM already loss making before oil price crash. Lucky03      ( Date: 13-Mar-2020 09:37) Posted: Even if privatisation uses the company level of $0.93 as a gauge, should.be ok to pick up a few at current price and put aside. Unlike Ezion who has to own vessels to charter out, SMM business is more in building so asset wise should be significantly lower relative to Ezion. It is more like Malaysia's Yinson but SMM is just not winning enough contracts.
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ZERO99 Member	13-Mar-2020 09:42        ZERO99 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to win more contract?. Oil price so jialat now. SMM already loss making before oil price crash. Lucky03      ( Date: 13-Mar-2020 09:37) Posted: Even if privatisation uses the company level of $0.93 as a gauge, should.be ok to pick up a few at current price and put aside. Unlike Ezion who has to own vessels to charter out, SMM business is more in building so asset wise should be significantly lower relative to Ezion. It is more like Malaysia's Yinson but SMM is just not winning enough contracts. Lucky03      ( Date: 13-Mar-2020 08:48) Posted: In its last financial statement, it stated nav is $1.03 and $0.93 at Group and Company level. Which should be used for such purpose of evaluation
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Lucky03 Elite	13-Mar-2020 09:37        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even if privatisation uses the company level of $0.93 as a gauge, should.be ok to pick up a few at current price and put aside. Unlike Ezion who has to own vessels to charter out, SMM business is more in building so asset wise should be significantly lower relative to Ezion. It is more like Malaysia's Yinson but SMM is just not winning enough contracts. Lucky03      ( Date: 13-Mar-2020 08:48) Posted: In its last financial statement, it stated nav is $1.03 and $0.93 at Group and Company level. Which should be used for such purpose of evaluation ? TA_Expert      ( Date: 13-Mar-2020 08:36) Posted: NAV is just a magic number. It does not mean that the buyer has to offer above that. Given that SCI is the major shareholder and is controlled by Temasek, it can garner enough votes to take SMM out. Some of the big funds will give in to Temasek demand. Only minority shareholders like retails may not agree on the selling price but they do not have enough votes.  Recent deal of UE was a classic example. It was sold at a discount because minority shareholders could not stop it
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Lucky03 Elite	13-Mar-2020 09:09        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	O&G counters esp SMM dropped much more furiously than others partly because of the double whammy of the oil price war. Seems that oil price is now holding above $31....
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TraderBen Supreme	13-Mar-2020 08:53        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Noted with thanks! nqing87      ( Date: 13-Mar-2020 08:51) Posted: yea NAV is just a guide and should not be use as strong parameter for evaluation if a counter is undervalue or not.. if net cash constitutes mainly in the NAV, then that is better as cash wont disappear, but if it is their physical assets such as vessels/building materials or even trade receivables etc, then those can be easily wiped out & write off in bad times.. just look at how many oil/gas counters have their NAV drop like fries after write-down..    TA_Expert      ( Date: 13-Mar-2020 08:36) Posted: NAV is just a magic number. It does not mean that the buyer has to offer above that. Given that SCI is the major shareholder and is controlled by Temasek, it can garner enough votes to take SMM out. Some of the big funds will give in to Temasek demand. Only minority shareholders like retails may not agree on the selling price but they do not have enough votes.  Recent deal of UE was a classic example. It was sold at a discount because minority shareholders could not stop it
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nqing87 Supreme	13-Mar-2020 08:51        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yea NAV is just a guide and should not be use as strong parameter for evaluation if a counter is undervalue or not.. if net cash constitutes mainly in the NAV, then that is better as cash wont disappear, but if it is their physical assets such as vessels/building materials or even trade receivables etc, then those can be easily wiped out & write off in bad times.. just look at how many oil/gas counters have their NAV drop like fries after write-down..    TA_Expert      ( Date: 13-Mar-2020 08:36) Posted: NAV is just a magic number. It does not mean that the buyer has to offer above that. Given that SCI is the major shareholder and is controlled by Temasek, it can garner enough votes to take SMM out. Some of the big funds will give in to Temasek demand. Only minority shareholders like retails may not agree on the selling price but they do not have enough votes.  Recent deal of UE was a classic example. It was sold at a discount because minority shareholders could not stop it. TraderBen      ( Date: 13-Mar-2020 08:29) Posted: At least mus be more than nav right
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Lucky03 Elite	13-Mar-2020 08:48        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In its last financial statement, it stated nav is $1.03 and $0.93 at Group and Company level. Which should be used for such purpose of evaluation ? TA_Expert      ( Date: 13-Mar-2020 08:36) Posted: NAV is just a magic number. It does not mean that the buyer has to offer above that. Given that SCI is the major shareholder and is controlled by Temasek, it can garner enough votes to take SMM out. Some of the big funds will give in to Temasek demand. Only minority shareholders like retails may not agree on the selling price but they do not have enough votes.  Recent deal of UE was a classic example. It was sold at a discount because minority shareholders could not stop it. TraderBen      ( Date: 13-Mar-2020 08:29) Posted: At least mus be more than nav right
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Sgvale Supreme	13-Mar-2020 08:42        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	PM praise Hyflux in National Day.So is nation pride. Clear? SgTrader17      ( Date: 12-Mar-2020 22:17) Posted: Isn't Hyflux a private company started by a Malaysian born owner who came to Singapore to study and started the company? I didn't know it's a nation pride or security related company. That's new to me. But maybe subsequently wires become strong huh? But why didn't that pride get saved by nation? Wondering which is which now ... Sure SCI is a national pride. And STI components for sure. Is Hyflux in STI before? Hm. .. Sgvale      ( Date: 12-Mar-2020 20:10) Posted: Hyflux is a pride & national security for water & branded. But look.....
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