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Lucky03 Elite	15-May-2014 00:19        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trade growth is still ultimate answer to revenue. Hope China will spur shipment again by reviving its economy. PUBLISHED MAY 14, 2014 China bids to aid growth in manufacturing services PRINT |EMAIL THIS ARTICLE China is unveiling measures to lift growth in manufacturing services that include cutting red tape and giving preferential tax rates to eligible firms, the government said on Wednesday - PHOTO: REUTERS [BEIJING] China is unveiling measures to lift growth in manufacturing services that include cutting red tape and giving preferential tax rates to eligible firms, the government said on Wednesday. To promote manufacturing services such as logistics, marketing, information and technology and research and development, China will encourage more financing and relax market access to the sector, the cabinet said after its weekly meeting. Qualified "high-tech" firms will also enjoy preferential tax rates of 15 per cent, it said. Such business-friendly measures are the latest to be unveiled in China this year as its government attempts to spur growth in the world's second-biggest economy.
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sgng123 Supreme	14-May-2014 23:41        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the fun part is returning charters only provided some cost saving for not paying the expensive chartered fee, the real bite in cost saving came from deploying those new efficient ships. 1Q only like 80 mil cost saving which tell us clearly new ships not deployed and load factor shoot up from 90% in 4Q13 to 95%. Basically they trying to squeeze more out of those chartered ships before retiring them in 2Q-4Q. Should really  ask Mr Ng to step down if he not so serious about restructuring, look at how some renowned restructuring CEO do their job it is no mercy slashing 20-40% job cut and burn down all associated bridges to cut cost down to the bone, sell off every single non core assets till no more can be found lol. In short Cut till u see the bone. Maybe should consider cutting out remaining charters too for intra asia trade since they not providing a boost to group profit, it like providing a social service to business in asia ( non profit service lah ). Lucky03      ( Date: 14-May-2014 22:51) Posted: NOL returns 14 charters in 2013 and 6 charter in Q1 with 14 more to go for rest of 2014. Big q is whether is the worst over ?
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Lucky03 Elite	14-May-2014 22:51        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NOL returns 14 charters in 2013 and 6 charter in Q1 with 14 more to go for rest of 2014. Big q is whether is the worst over ?
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Lucky03 Elite	14-May-2014 22:32        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Transport operators rally on the talk of new operating or financing model framework. NOL seriously at the tail end that will force a major move to get it out of the vicious cycle. Hot stocks: ComfortDelgro rallies ahead of new bus operating model framework ascend88      ( Date: 14-May-2014 22:24) Posted: Left to right pocket .. Sometime to top pocket too ... Like the rail finacing framework sgng123      ( Date: 14-May-2014 20:41) Posted: IT might be already in progress, just waiting for the public announcement. Most likely APL terminal and the logistic business would be divested to PSA while returning cash proceed to NOL to pare down the debt ratio and strengthen the balance sheet. Asset go from left pocket tot right pocket with the back stage boss still the same temasek lol. Can also save tax money by divesting terminal and logistic business as these asset made the whole group pay tax even though losing money.
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sgng123 Supreme	14-May-2014 22:30        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NOL is a company with national interest shared by singapore and america, explain why  NOL able to take over APL in the 90+. IT is like a military instituation when u keep pouring money even though it is burning money every year and fund managers keep suporting it even it is down and out. THe benefit of having a independent shipping line free from the Maesrk, MSC and CMA monoploy control of shipping is critical. In fact NOL is subsidising american business operating cost by offering below market price for full end to end service, take out the subsidise and lot of US bound exporter would die and in turn casue massive job layoff in recession time. that is why ship share price move so wildy from good time to bad time, it is a economy stock going higher when economy is good and customers willing to pay extra for that premium service. Privatisation not good now cos the valuation now is weak, might not get a good price for ur investment but divestment of non core business like APL terminal and APL logistic to Temasek linked companies is good for ship stock price. Keeping control of terminal and logistic within singapore linked  companies and unlocking value to share holders thorugh improved financial book value and maybe a special dividend. In short probability not that big, let see how tomorrow play out to be but currently stay clear of ship till the fleet renewal benefit became clearer. But i going to bet those big players would push up ship price before benefit is made known to public as always while we always follow the herd lol.
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ascend88 Master	14-May-2014 22:24        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Left to right pocket .. Sometime to top pocket too ... Like the rail finacing framework sgng123      ( Date: 14-May-2014 20:41) Posted: IT might be already in progress, just waiting for the public announcement. Most likely APL terminal and the logistic business would be divested to PSA while returning cash proceed to NOL to pare down the debt ratio and strengthen the balance sheet. Asset go from left pocket tot right pocket with the back stage boss still the same temasek lol. Can also save tax money by divesting terminal and logistic business as these asset made the whole group pay tax even though losing money. Lucky03      ( Date: 14-May-2014 20:33) Posted: About time for NOL to seriously divest its APL Terminal asset to reduce borrowing cost, improve cash flows and achieve stronger balance sheet by realising the value of the asset that is not core to focus on shipping.
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ascend88 Master	14-May-2014 22:20        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No run up of shares price b4 results ... How to have knee jerk reaction
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alexsmith Member	14-May-2014 21:48        alexsmith About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is there any possibility for NOL to be privatized? If yes, how big is this probability?
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alexsmith Member	14-May-2014 21:38        alexsmith About Contact  Quote this Post!
x 0   x 0  Alert Admin	Like Sgng bro said NOL is only for fighters.
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Lucky03 Elite	14-May-2014 21:23        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Everyone expects a sell down tomorrow as a knee jerk reaction to the loss reported today. If the price is steady, then there may be more to it. sgng123      ( Date: 14-May-2014 20:41) Posted: IT might be already in progress, just waiting for the public announcement. Most likely APL terminal and the logistic business would be divested to PSA while returning cash proceed to NOL to pare down the debt ratio and strengthen the balance sheet. Asset go from left pocket tot right pocket with the back stage boss still the same temasek lol. Can also save tax money by divesting terminal and logistic business as these asset made the whole group pay tax even though losing money. Lucky03      ( Date: 14-May-2014 20:33) Posted: About time for NOL to seriously divest its APL Terminal asset to reduce borrowing cost, improve cash flows and achieve stronger balance sheet by realising the value of the asset that is not core to focus on shipping.
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sgng123 Supreme	14-May-2014 20:41        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	IT might be already in progress, just waiting for the public announcement. Most likely APL terminal and the logistic business would be divested to PSA while returning cash proceed to NOL to pare down the debt ratio and strengthen the balance sheet. Asset go from left pocket tot right pocket with the back stage boss still the same temasek lol. Can also save tax money by divesting terminal and logistic business as these asset made the whole group pay tax even though losing money. Lucky03      ( Date: 14-May-2014 20:33) Posted: About time for NOL to seriously divest its APL Terminal asset to reduce borrowing cost, improve cash flows and achieve stronger balance sheet by realising the value of the asset that is not core to focus on shipping.
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Lucky03 Elite	14-May-2014 20:38        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There may be pressure on NOL to divest APL Terminal. NOL Headed Back to Black Mike King, Special Correspondent | Mar 05, 2014 6:35PM EST print 0 0 0 2 APL India at berth. NOL Group will return to profit this year by concentrating on its core Transpacific business and reaping the benefits of its sizeable port holdings, according to one equity analyst firm. NOL posted a full-year loss of $76 million in 2013, compared with a $412 million loss in 2012, in part due to the improved performance of APL, its container shipping business. Drewry Maritime Equity Research said NOL?s third consecutive annual loss in 2013 was triggered by weak freight rate market conditions and high fixed costs. However, the equity analyst now believes NOL is now in a better position to return to profitability due to its focus on the trans-Pacific trade ? from which 50 percent of its liner revenue is generated ? and ongoing efforts to lower its cost base. ?We expect both operating margins and return on equity to recover from historical lows in FY14 and continue on an upward trend in FY15,? said Drewry analyst Rahul Kapoor. ?NOL continues to cut its costs significantly and plans to move ahead in this direction in the coming years.? By focusing on the trans-Pacific trade NOL is also lowering its risk from Asia-Europe, according to Rajat Gupta, also an analyst at Drewry. ?U.S. economic data continues to surprise positively, raising market optimism on trade recovery,? she said. ?The upcoming trans-Pacific contracting is a key event for both freight and volume development and will in all earnest decide the company?s financial performance in FY14.? Drewry also rates APL Terminals as NOL?s ?hidden gem? due to it being clubbed under ?Liners? in financial statements even though it generated some 7 percent of total revenue last year and is ranked 15th on the list of global terminal operators. ?APL Terminals is a major source of income and value to the group,? Kapoor said. ?We argue that APL Terminals remains a hidden gem in NOL?s asset portfolio and an opportune divestment of terminal assets even while retaining control will potentially unlock and add tremendous value for shareholders.?
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sgng123 Supreme	14-May-2014 20:35        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Apart from the miserable weak freight rate in transpacific and intra-asia, the load factor and efficency gain in 1Q is quite sizeable group wide load factor = 95% and 80M cost saving purely from efficiency gain. What is missing in 1Q is the big chuck of cost saving from fuel price usually associated with bigger more fuel efficiency ships coming online. From the cost saving  PIE chart shown in slide, u can see that fuel price contribute heavily like 75% of cost saving in 1Q. Checking previous 2012 -2013 report, new ships fuel cost saving usually come in 2Q with a big bang. Think it is accounting practice to include only cost saving associated with new assets in the next work year starting ( 1 Apr ) as what we practise in singapore workyear start in Apr and not Jan. 2Q might come with cost saving from new ships delivered in 2013, 3X14K  2X8K 6X9K total = 110+K TEU. 2013 cost saving is based off the 10X10K TEU delivered in 2012. SO gona hang on a bit as the actual benefit of the  fleet renewal programme would be fully realised in 2Q 2015. Still got a couple of quarter to bear through but we seeing some stabilisation in europe trade lane rate stay firm in 1Q and SCFi quite stable this time round compare to last year hectic up and down.
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Lucky03 Elite	14-May-2014 20:33        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	About time for NOL to seriously divest its APL Terminal asset to reduce borrowing cost, improve cash flows and achieve stronger balance sheet by realising the value of the asset that is not core to focus on shipping.
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jj7007 Veteran	14-May-2014 18:30        jj7007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	they will tell you they save alot of $$ already!! haha I think there will be a knee jerk reaction but then this price levels is probably the floor already. shadow      ( Date: 14-May-2014 17:46) Posted: NOL = Net Operating Loss ... hopeless !!
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Azzaramich Member	14-May-2014 18:15        Azzaramich About Contact  Quote this Post!
x 0   x 0  Alert Admin	Somehow I feel positive after reading NOL result presentation.   I think this is the best report, reading each and every quarter results for the last 2 years.   The company has done what is possible: cost cuttings, increased utilisation, fleet renewal, return of vessels, reduced capital expenditure etc.   I hope the management will press on, and with a little luck from the industry upturn, return to black by end of the year.
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shadow Veteran	14-May-2014 17:46        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	NOL = Net Operating Loss ... hopeless !!
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sgng123 Supreme	14-May-2014 17:41        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	that why be careful when trading ship, unexpected result often pop out to surprise. ship posted loss of 98 mil due to no cost reduction by new ships, 6 chartered reurned in 1Q but guess new ships not deployed to reduce fuel cost since the load factor is like 95% in this quarter.  tomorrow most likely see share price going down to 0.95 level again ...
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darthiliator Senior	14-May-2014 17:36        darthiliator About Contact  Quote this Post!
x 0   x 0  Alert Admin	screwed beyond until the outer realms liao........hahaha i' m so proud of them!!!!!!!
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jj7007 Veteran	14-May-2014 16:47        jj7007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That' s not the question. The question is whether they are still doing as bad, or not as bad, or even worse. haha I would think we will not see a new price low from the last results, and possibly we are seeing a floor being established Heero78      ( Date: 14-May-2014 16:12) Posted: dun think that NOL will do well this quarter... Lucky03      ( Date: 14-May-2014 12:16) Posted: We will know in 4 hrs. If history is to repeat itself, we may be able to see action after 4pm. Hopefully the reverse this time :
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