| Latest Forum Topics / Neptune Orient L Rg |
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YZJFH - potentially rewarding
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Lucky03
Elite |
15-May-2014 21:46
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Ha ! Nice to see you here, cccx123 :)
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ascend88
Master |
15-May-2014 21:34
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Still got meat to short meh? Anyway... | ||||
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cccx123
Elite |
15-May-2014 20:43
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Sounds very familiar lol
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Lucky03
Elite |
15-May-2014 20:33
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Singapore port moves higher box volumes in April
By Lee Hong Liang from Singapore The port of Singapore handled higher container throughput in April over the same period of last year, according to preliminary estimates from Maritime and Port Authority of Singapore (MPA). Box volumes were recorded at 2.79m teu last month, an improvement of 6.1% over 2.63m teu seen in April 2013, data from MPA showed. On a month-on-month comparison, April?s volumes were 1.4% lower compared to 2.83m teu registered in March this year. In the first four months of 2014, the world?s second busiest container port recorded throughput of 10.73m teu, up 4.6% compared to 10.26m teu in the corresponding period of last year. |
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Lucky03
Elite |
15-May-2014 20:04
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NOL needs to do something drastic to turn around - merger, divestment of APL Terminal and Warehouse. Simply organic growth with focus on cost saving and efficiency is too slow and insufficient.
Where next for loss making NOL? APL Temasek one of NOL's fuel-efficient newbuilds By Marcus Hand from Singapore Looking through Neptune Orient Lines (NOL) financial results in recent years it does beg the question as to where the company, and many other large to mid-sized container lines for that matter, are headed in the long term. NOL?s financial numbers over the last few years do not make particularly comfortable reading. In the first quarter of 2014 NOL lost $98m, and in the previous quarter it was $137m in the red. Its 2013 full year loss of $76m would have been much worse had it not been for a $200m one time gain from the sale of its headquarters building in Singapore, and in 2012 it lost $412m. In fact over the five years from 2009 ? 2013 NOL has only been in the black for one of them, 2010 when it made a healthy $461m profit. Cumulative losses for the five-year period run to $1.24bn. The company?s first quarter statement was strong on stressing efficiencies and costs savings, and the delivery of more fuel-efficient newbuildings into the fleet container shipping arm APL in the coming months was noted. This will certainly help the bottomline given the just how much of operating costs are taken up by bunkers. Whether it will be enough to bring operations back into the black is difficult to say but Maersk Line?s 2013 results did underscore just how much difference fuel-efficient tonnage can make to financial results. However, there is another problem for NOL that is more difficult to address: size and scale. Container line APL is the world?s seventh largest in terms of slot capacity, but this gives it mere 3.4% share of the global market. By contrast top two Maersk and Mediterranean Shipping Co (MSC) have a 14.9% and 13.5% market share respectively. Organic growth to achieve a scale on a par with the top two is out of the question. Based $90m for a 10,000 teu newbuilding (the price Seaspan paid at Yangzijiang Shipbuilding) to simply double APL?s 617,000 teu capacity fleet would cost an astronomical $5.58bn. Consolidation would therefore appear to be the only option. NOL was among the first movers in consolidation, buying the then American President Lines (APL) in 1997. Since then NOL has been repeatedly linked to number six container line Hapag-Lloyd but nothing has ever transpired. Hapag-Lloyd is now the process of merging with Chilean line CSAV. So where does this leave NOL? There are few other possible merger candidates in the market due to ownership structures other container lines which often include either national or family interests. Could it yet join Hapag-Lloyd and CSAV ? only time will tell. Published inAmericas, Asia, Europe, Containers, Finance & Insurance, Dispatches |
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Lucky03
Elite |
15-May-2014 19:29
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A total of 2,275,000 shares shorts today at ave price of $0.98. Somehow, no SGX Buy-In. There are only 1,200,000 shares available for borrowing. Either the shortists cover back intra day which will not yield them much profit or the system is really screwed up since there is only barely half available for borrowing. The other is simply that sellers just anyhow tick the short sell box.
These short sellers should be burnt. |
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sgng123
Supreme |
15-May-2014 16:43
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smrt is another olam in the making, facing mounting operation cost in the next few year due to ageing rail/bus and need lot of financing to rebuild the efficiency. IT another temasek target to privatise just watch out for it. Very strange 1Q losses don seem to dampen share price much harder, look like market is immune to this kind of losses and global picture pointing to economy recovering in US/Europe, who want to miss out the global rising tide and dump their ship shares which might surge with improved demand and better capacity management in the next few quarters. only one who selling now is house traders who need to do show by running down ship share for bad 1Q result lol, later they covering their short cos they also don want to miss out on the global surge in imported demand. Just remember in 2009 when the whole damn world in global financial recession due to US and when global demand shown sign of demand surge in 2010, ship share surge regardless of heavy loss of 150-180 mil per quarter in 2009. Surge even higher in 2010 with expectation of better growth in 2011 but that one was quickly demolished by euro crisis lol.
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ascend88
Master |
15-May-2014 16:22
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filter out all noise.....focus on wat u do and know best... look at smrt .....few months ago...everyday also got noise....80c...or 70c...or gone case lar... u see now.... |
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sgng123
Supreme |
15-May-2014 16:16
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Fortune favors the brave and reckless, unlike most of us we too scared to do anything in time of opportunites. Explain why certain person is a mutli-millionaries cos he take great risk and if fail can go jump from marina bay sand lol. Ship investment is for the brave or u might called it reckless one , not for normal investors to take the heat. Can lose hundred of millions for years and vice vesu making hundred of million in good times. Rock and Roll stock not for the fainted heart or family man.
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Sam1903
Senior |
15-May-2014 16:07
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IMO, NOL is like a sinking Titanic ship, slowly but sure... Salute those who still keep their faith alive and holding on to this counter, can only wish them good luck. |
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Lucky03
Elite |
15-May-2014 15:56
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Agreed ! This maybe the last chance for anyone to grab NOL below $1
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sgng123
Supreme |
15-May-2014 15:01
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most likely it is the floor, with asia-europe demand/supply currently in balance caused by mega alliance capacity pullout soon other tradelane would stabilise as well. Check out nol load factor for tradelane US = 92% Europe = 98% Asia =96% and average loadfactor = 95% filled to the brink for europe and asia. With G6 currently operating in US load factor would hit 95% in 2Q and any spot rate GRI would go through and hold provided no more rate war and US economy continue to power on most likely it would rebound with a vengence in 2Q due to pent up demand in 1Q cold weather issue. Efficency gain and slot cost adjustment would return ship to the black in 1H14. the kneejack reaction weak i expected it to drop to 0.95 bbut currently holding at 0.975 which most likely would bounce back to 1.00 when the new is digested. For 1Q result if u look at the profit side it is ugly but if u look deeper into the operating side u see some very nice improvement in demand/supply balance with very high load factor and improving global demand shown by SCFI firming in may. |
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ascend88
Master |
15-May-2014 14:12
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whole morning still at 975-98... wonderful |
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ascend88
Master |
15-May-2014 14:08
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shares price need to pump up...then gain more $$ from the right issue....as then can price the rights higher... at this price....too little... stay tune and hold no tight....
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Lucky03
Elite |
15-May-2014 10:40
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From UOBKH
Date: 05/14/2014 07:50 PM Subject: SP: Neptune Orient Lines (NOL SP): 1Q14: Net Loss of US$98m But 2Q and 3Q To See A Turnaround Neptune Orient Lines (NOL SP) BUY Price/Tgt: S$1.01/S$1.20 Mkt Cap: S$3.02b Daily Vol: S$2.6b 1-Yr Hi/Lo: S$1.16/0.945 1Q14: Net Loss of US$98m But 2Q and 3Q To See A Turnaround Results 1Q14 Results Year end 26 Dec (US$m) 1Q14 1Q13 yoy Remarks % chg Revenue 2,279 2,371 (3.9) TP and intra-Asia rates declined yoy Gross profit 110 115 (5.0) COGS per FEU decreased 6% yoy Other gains (net) 8 203 (95.9) Disposal of office building in 1Q13 Administration 184 183 0.6 Finance expense 33 25 29.4 Higher interest expense on higher loan balance Core EBIT (65) (76) n.m Net income (98) 76 n.m Source: Neptune Orient Lines Ltd, UOB Kay Hian Net loss of US$98m in 1Q14 below expectation due to lower-than-expected freight rates. NOL?s revenue slightly declined 4% yoy in 1Q14 due to lower freight rate. Net loss of US$98m was booked in 1Q14, compared to a net gain of US$76m in 1Q13. Excluding the disposal of office building in 1Q13, the core EBIT loss narrowed by 14% yoy. Container shipping. The container liner division contributed revenue of US$1.9b (-5% yoy) in 1Q14 and core loss before interest and tax narrowed 10% yoy to US$83m. Total container volume slightly improved 2% yoy, of which transpacific (TP) volume maintain stable while Asia-Europe (AE) volume increased 9% yoy due to larger vessels deployed. TP rate declined 5% yoy to US$3,292/FEU, but AE rate almost maintain stable at US$2,410/FEU. Strong spot AE rates have not been reflected into the results, which could be a result of high percentage of contractual cargo on the AE trade lane for NOL. Logistics. Although logistics revenue declined 1% yoy to US$423m in 1Q14, its core EBIT improved 13% yoy to US$18m due to higher EBIT margin for both contract logistics and international services. Our View AE rates showed strengthen. Carriers managed to raise AE rates by another US$100/TEU, and AE rates as of 9 May were US$1401/TEU (+7.4% wow, +91.7% yoy). Slot utilisation also increased to 95%, which would make the rate increase more sustainable. 2014/15 TP contractual rates see slight decline but spot market to offset. Negotiation of TP contractual rates is still ongoing and most contracts should have been signed. Our channel check with other container carriers shows 2014/15 TP contractual rates saw a 3-5% decline over last year, but contracted volume could be less compared to 2013/14. There will be a TP rate increase effective from mid-May and we expect further upside in June and July thanks to a strong peak season demand, which would offset the mild weakness on contractual TP rates. Fleet renewal remains the key to costs. NOL managed to reduce slot bunker fuel cost by US$120/FEU and COGS per FEU by 6% yoy in 1Q14, due primarily to arrival of very large containerships. In 2014, NOL plans to receive ten newbuild vessels totaling 60,300 TEU ? combining six 9,000 TEU and four 14,000 TEU containerships - and return 20 chartered vessels which were contracted at expensive charter rates (In 1Q14, 6 were returned/disposed). Very large containerships (VLCS) of over 8,000 TEU will account for 75% of NOL?s total self-owned fleet by end-14 in terms of tonnage, and as a result cost efficiency will further improve. |
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remister889
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15-May-2014 09:35
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1Q14 net profit sank into a worse-than-expected US$97.9m loss from US$75.5m profit a year ago, which included a US$200m disposal gain. Revenue slipped 4% to US$2.28b despite higher shipping volumes (+2%) as overcapacity continued to exert downward pressure on freight rates (-6%), mainly on intra-Asia and Latin America routes. Cost savings and efficiency gains helped narrow its core EBIT loss to US$65m (liner: -US$83m, logistics: US$18m) from US$76m in 1Q13. Net gearing deteriorated to 2x from 1.8x end 2013, while NAV/share slid to US$0.76 (-5%). |
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jj7007
Veteran |
15-May-2014 09:20
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I think we probably at the price floor already.. was the results was as expected to be weak, but mkt was quietly hoping for a surprise which didnt come. The only risk of price dropping further is rumours of rights issue. |
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WanSiTong
Supreme |
15-May-2014 06:19
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Published May 15, 2014
NOL sinks into US$98m Q1 loss revenue down 4%
APL sees its core Ebit boosted by 10% and loss narrowed to US$83m
 OVERCAPACITY and low freight rates continued to plague Neptune Orient Lines (NOL), causing it to sink into a first-quarter net loss of US$98 million, from a US$76 million profit a year earlier. Last year' s results included a US$200 million gain from the sale of NOL' s headquarters building in Singapore. Revenue for the three months ended March 31, 2014, fell 4 per cent to US$2.28 billion from US$2.37 billion. The company said this was due to a decrease in liner revenue from lower freight rates. " Operating conditions in the first quarter had been difficult, with severe weather disruptions in Europe and North America. This compounded the challenges posed by continued excess capacity in the container shipping business," said NOL Group president and CEO Ng Yat Chung. The group made a loss of 3.79 US cents per share, compared with 2.92 US cents per share earned last year. |
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Lucky03
Elite |
15-May-2014 01:48
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Let's see how the other analysts will rate NOL tomorrow.
SINGAPORE, May 14 (Reuters) - Container shipper Neptune Orient Lines Ltd posted a net loss of $97.9 million for the quarter ended April 4, a narrower loss from the previous quarter. NOL, in which Singapore's state investor Temasek Holdings has a 67 percent stake, recorded a net profit of $75.5 million for the first quarter of 2013, which was a result of one-off gain on selling its corporate headquarter in Singapore. The company posted a 4 percent drop in revenue to $2.3 billion. "Oversupply of shipping capacity will continue to exert pressure on liner freight rates," NOL said in a statement. "The group aims to improve its financial performance in 2014, through its continued focus on cost discipline and drive for operational efficiency." (Reporting by Rujun Shen Editing by Matt Driskill) |
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Lucky03
Elite |
15-May-2014 01:26
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This version from transportintelligence.com makes it sound much more positive !
NOL reports mixed Q1 results 14/May/2014 NOL Group has announced its financial results for the first quarter of 2014. It reported revenue of $2.28bn, a decline of 3.88% compared to Q1 2013. The company also recorded first quarter EBITDA of $33m, an increase of 560% year-on-year. Accordingly NOL Group?s margin stood at 1.45%. NOL attributed the improvement in EBITDA to its continuing focus on cost management and operational efficiency, which delivered $80m worth of cost savings in the first three months of 2014. ?Operating conditions in the first quarter had been difficult, with severe weather disruptions in Europe and North America. This compounded the challenges posed by continued excess capacity in the container shipping business,? said NOL Group President & Chief Executive Officer Ng Yat Chung. ?Nonetheless, both our business units delivered better year-on-year operating results this quarter. Going forward, global economic prospects and trading conditions remain uncertain. Oversupply of shipping capacity will continue to exert pressure on liner freight rates.? APL, NOL?s container shipping business, lifted its first quarter 2014 EBIT by 10% over the same period last year, recording a loss of $83m. Cost savings and efficiency gains helped reduce cost of sales per FEU by 6%. APL reported first quarter 2014 revenue of $1.9bn, while its year-on-year volume grew 2%, and its average freight rates dipped 6%. APL registered a 9% volume expansion with stable freight rates in the Asia-Europe trade. Volume was firm in the trans-pacific trade with freight rates falling 5%, while its intra-Asia trade grew 1% in volume against an 11% dip in freight rates, amidst intense market competition and excess tonnage from the Asia-Europe trade. NOL?s supply chain management business, APL Logistics, recorded a year-on-year EBIT improvement of 13% in the first quarter. The improvement reflected its continuing focus on profit optimisation. APL Logistics? revenue of $423m was relatively unchanged from that of Q1 2013. Revenue from Contract Logistics was steady at $271m, with EBIT rising 13% year-on-year to $9m. At the same time, International Logistics Services? revenue remained stable at $152m, with EBIT going up 13% year-on-year to $9m. APL Logistics? expanding business in emerging markets helped to offset persistent sluggish demand in developed markets which slowed down overall industry growth. Its continued focus on cost discipline also improved the company?s operating performance. |
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