x 0

Wednesday: 5 MAY 2010

dOw -58

EU GHOST HAUNT

x 0

MiDAS has all the potential train contracts and gOOd future ?

knightbridge ( Date: 06-May-2010 00:16) Posted:

Use rational thinking when buy stocks..

Correction meaning good time to accumulate.. Without correction market cannot run...

As long as midas is still making money with its day to day operations.. ( If the management is good they will hedge against euro if they are trading using alot of euro (for example)

see the future, 3 years later will midas be a bigger company...

Hyflux, Venture and a few of the counter used to be pennies stock... (Need years to mature, organic growth need time, cannot expected them to built 1 million train carriage overnight)

x 0

Palm Oil is main stable for PiGS cOuntries.

Palm Oil stOcks will be affected by PiGS cOntagiOn

x 0

Raffles Education: Muted 3QFY10 Results

Summary: Raffles Education Corp (REC) posted a pretty muted set of 3QFY10 results. Revenue edged another 10% YoY and 5% QoQ lower to S$44.7m, as its student population continues to slip. Although REC managed to post a higher net profit of S$9.1m, versus a net loss of S$16.5m in the same period last year, which was also 30% higher QoQ, we note that it was lifted by a non-cash fair value “gain” of S$5.5m on its investment property (OUC).

For the nine months of FY10, revenue fell 9% to S$143.4m, meeting around 67.2% of our full-year forecast, while net profit fell 28% to S$30.1m; but if we exclude exceptionals and forex losses, we estimate that its core net profit amounted to around S$28.1m, which is around 67.8% of our FY10 forecast. While it appears that the worst may be over for REC, we think that the short-term outlook remains muted; we opine that enrolment numbers still need to show a sustainable increase.

As such, we maintain our HOLD rating and S$0.37 fair value (based on 20x blended FY10/FY11F EPS). (Carey Wong)

x 0

Keppel Land Ltd
Quick takes - Good site, but does NOT come cheap - by Donald Chua
(KPLD SP / KLAN.SI, OUTPERFORM - Maintained, S$3.70 - Tgt. S$4.51, Property)

Maintain Outperform on KepLand. KepLand emerged as the top bidder for a 99-year leasehold site at Boon Lay/Lakeside Drive at S$499psf GFA or S$303m. We see potential in the site given its proximity to the Lakeside MRT station and the government's plans to rejuvenate the Jurong Lake district. However, we believe KepLand may have been a little too aggressive in its bid. Factors such as the size of the site (525 units), distance from the city centre and the possibility of rising interest rates could put a cap on eventual pricing, in our view. Our FY11-12 core EPS estimates have been raised by 1% to factor in potential accretion. Our model assumes ASPs of S$880psf, implying a 6% net margin and a 17% premium to prices in the area. We believe our assumptions are fair but do not discount the possibility of price upside. The timing of the launch would be key. Our RNAV estimate and target price have been lowered from S$4.53 to S$4.51 as the discounting of future cash flows offsets expected profits from the development. While we are not overly excited given the thin margins, we remain positive on KepLand's exposure to prime office assets and resilient township developments in China. KepLand remains our TOP PiCK in the sector.

x 0

14:58:20 S$1.32 1,230,000 BfS

x 0

Under nOrmal market cOnditiOns,

XD scenerio depends on share TYPE:

GROWTH TYPE: Price rises after XD [KEPLAND]

YIELD TYPE: Price remains the same after XD [PST]

AVERAGE TYPE: Price falls by D amount after XD

* YZJ should behave like Y or G TYPES under nOrmal market cOnditiOns.

#### current market cOnditiOns are ABNoRMAL

dizzifying ( Date: 05-May-2010 14:49) Posted:

Usually how will shares behave during XD?

pharoah88 ( Date: 05-May-2010 14:48) Posted:

S$1.295 + S$0.035 (DiViDEND)

= S$1.330

suppOrt basE

Ex-DiviDenD

Mon: 10 May 2010

x 0

S$1.295 + S$0.035 (DiViDEND)

= S$1.330

suppOrt basE

Ex-DiviDenD

Mon: 10 May 2010

x 0

14:29:38 S$1.31 1,085,000 BfS

14:38:36 S$1.32 1,050,000 BfS

x 0

YES. Only BfS

L..... ( Date: 05-May-2010 11:51) Posted:

are all these BFS?

pharoah88 ( Date: 05-May-2010 11:49) Posted:

Wednesday: 5 MAY 2010

09:14:16    S$1.25 1,221,000

09:32:44    S$1.26 1,498,000

10:09:46    S$1.26 1,498,000

10:32:57    S$1.26 1,907,000

10:39:06    S$1.27 1,638,000

10:43:53    S$1.28 1,774,000

x 0

SINGAPORE

A day after Health Minister Khaw Boon Wan said private hospitals will be required to publish these bill sizes if they want to make Medisave claims, MediaCorp found that the difference in fees now range from some 15.4 per cent to 103.3 per cent.

For instance, 90 per cent of Mount Elizabeth Hospital (MEH) patients pay up to $8,600 for a 2.6-day stay in a one-bed ward when they give birth, compared to the $4,233 for a 2.1-day stay at Parkway East Hospital (PEH).

For day surgeries, 90 per cent of PEH patients pay up to $1,733 for gastroscopy, up to 60 per cent more than the $1,083 fee at Gleneagles Hospital, according to checks on the Ministry of Health (MOH) website.

The three hospitals are run by Parkway Holdings, whose medical specialists run their own practice and bill their patients directly.

Government Parliamentary Committee chairman (Health) Dr Lam Pin Min said the fee differential could be due to doctors pricing themselves according to their years of experience.

“Some want to be competitive so they price lower, others feel their experience allows them to charge more,” he said, and added that this is where information on clinical outcomes will augment the publication of bill sizes. Consumers would then know how much they are paying for a certain success rate.

In cataract surgery, for example, where there is a price difference of up to $2,000 between MEH and PEH, Dr Lam, an eye specialist, said that another cost factor could be the type of intraocular lens used to correct vision.

Still, Mr Khaw’s plan, which will take effect early next year, could narrow the price gap between private hospitals, which now provide data for only about a dozen treatments on a voluntary basis.

MOH data in 2003 showed that Changi General Hospital (CGH) charged an elderly B2-class patient with pneumonia $1,272, or 77-per-cent more than the comparable median figure of $720 at the National University Hospital. Now, NUH charges $129 more — an 11-per-cent difference — than CGH to treat pneumonia in the elderly with complications, in a B2-class ward.

Dr Lam believes the move will also bring down prices among private hospitals, similar to what happened when MOH published the bill sizes of public hospitals.

Lasik surgery, where average bill sizes dropped by more than $1,000 per eye, is often cited as a prime example of this.

A Mount Alvernia Hospital spokesperson said the impact of publishing private hospital bill sizes is “left to be seen”, but the hospital will continue to provide the best care for patients while ensuring its services remain “comprehensive and value-for-money”.
— Patients at private hospitals here could be paying twice as much for the same procedure, depending on where they seek treatment.

pharoah88 ( Date: 05-May-2010 13:49) Posted:

Publishing medical bills may narrow price gaps

Alicia Wong

alicia@mediacorp.com.sg

x 0

Publishing medical bills may narrow price gaps

Alicia Wong

alicia@mediacorp.com.sg

x 0

Bonds And Deficits

[BAD]

BAD countries have Bonds And Deficits

teeth53 ( Date: 28-Apr-2010 19:16) Posted:

http://sg.news.yahoo.com/ (AFP - 1 hour 21 minutes ago -latest news)

EU calls emergency summit as Greece crisis deepens

ATHENS (AFP) - - The European Union on Wednesday called a crisis summit as Greece's mounting debt crisis hit global markets amid fears that more countries would be sucked in. Full Story »

teeth53: Was thinking about Temasick Holding offering bonds with AAA rate. Ur choice, ur decision

German central banker warns of Greece 'contagion'. "Many countries are running excessive budget deficits." Portugal, Italy, Ireland and Spain are all in the firing line. An issue of 10-year Greek bonds totalling 8.5 billion euros expires on May 19 and needs to be covered by fresh finance. Lastest to default, just like Dubai.

http://moremoney.blogs.money.cnn.com/2010/03/08/a-dangerous-omen-looms-for-bonds/

A dangerous omen looms for bonds (teeth53 said is contagion)

http://money.cnn.com/2010/04/05/news/economy/fed.rates.fortune/index.htm

x 0

Stage lights go out at MBS

>>

Yesterday’s power failure, which lasted for almost 30 minutes and which occurred after Singapore’s Chief Justice Chan Sek Keong had delivered his speech and left the conference, was the last straw for some participants, who checked out and moved to other hotels around Singapore, sources said.

Several delegates whom MediaCorp spoke to were clearly frustrated.

Malaysian lawyer Cecil Abraham told MediaCorp: “We were told to wait for 10 minutes for the (blackout) problem to be fixed, but that didn’t happen. We were then moved into a smaller room where speakers had to go without microphones. And considering that you had three judges as your speakers, it’s really quite terrible.”

He added: “There was a great deal of expectation before we attended the conference but the facilities have been a disgrace. You wouldn’t have expected hiccups like these — they happened one after another.”

Indian lawyer Sumeet Kachwaha, who sits on the IPBA Council, said the facilities at MBS had created “a very bad impression of Singapore”.

“The many glitches have been a very big disappointment. So many things at the conference were so dysfunctional that it didn’t feel like we were holding a conference in Singapore.”

A member of the IPBA organising committee told MediaCorp last night:

“We tried to work very hard with MBS to ensure our delegates have a good experience.

While the content of the conference has been excellent — with world-class speakers — the facilities of MBS have not been up to our expectations.

“We’re deeply embarrassed by the unfortunate series of mishaps and substandard facilities.”

An MBS spokesperson told MediaCorp it has been “working tirelessly” with the IPBA organisers to “ensure the success of its conference”.

“We continue to work closely with them. We moved quickly to manage situations that are typical of all opening projects, in order to minimise inconveniences to delegates,” she said.
Continued from Page 1

pharoah88 ( Date: 05-May-2010 12:35) Posted:

Stage lights go out at MBS

Clement Mesenas and Teo Xuanwei

clementm@mediacorp.com.sg

SINGAPORE

Mr James Jacob Spigelman bravely continued his speech in the dark, assuring his audience: “I have got a loud voice”, but some members at the Inter-Pacific Bar Association (IPBA) 20th Annual Conference were less than amused. Several left, while those who remained were herded by MBS staff into a smaller conference hall.

The incident capped a series of discomfitures for the delegates at the integrated resort, where IPBA organisers had booked 400 rooms for its conference.

The guests told MediaCorp about air conditioners not working in their hotel rooms, luggage being brought up to their rooms two hours after check-in and a threehour power failure in their rooms that caused laptops to go on the blink.

Some overseas delegates had to change rooms three times before finding one with amenities that worked. One delegate was led into a room — to find it occupied by a another couple. Others, including Mr Spigelman, were trapped in the resort’s lifts, some for up to 20 minutes at a stretch.— The Chief Justice of Australia’s New South Wales state was addressing an international gathering of legal eagles yesterday when suddenly the stage lights went out and then the sound system went silent — all at the first major event to be staged at the newly-opened Marina Bay Sands.

x 0

Largest petrochem complex opened

>>

and in the Middle East, than there is actually in Europe and the United States.”

Currently, the Asia-Pacific and Middle East account for 35 per cent of Shell’s business but going forward, the energy giant wants a bigger slice of the Chinese market.

“We are cooperating, doing business with Chinese companies within China, but also internationally. So, this is competition as usual,” said Mr Voser.

The company said prospects remain bright as energy needs are set to double by 2050 but is concerned about the withdrawal of stimulus packages globally.

Expected in the second half of this year, the stimulus withdrawal may impact demand in both the petrochemical and energy sectors, added Mr Voser.
Continued from Page 1

pharoah88 ( Date: 05-May-2010 12:51) Posted:

Desmond Wong
desmondwong@mediacorp.com.sg — Shell announced the completion of its largest petrochemical complex yesterday, highlighting that the multi-billion dollar facility which spans Pulau Bukom and Jurong Island, will enable an increase in production levels to better serve the Asian market.

SINGAPORE

The Shell Eastern Petrochemicals Complex could help to attract some $2 billion in fixed asset investments from leading chemical firms, said Prime Minister Lee Hsien Loong, who was guest of honour at the launch.

Mr Lee said the new complex is a key project that will bring a new source of feedstock to Jurong Island and spur a new wave of high value downstream investments in the chemical industry.

The energy and chemical industry accounts for a third of Singapore’s total manufacturing output at $60 billion annually — a sector which the Government will continue to support.

However, Mr Lee highlighted that managing carbon emissions from the energy and chemical industry is essential.

“The Government is tracking closely the UN framework convention on climate change talks, and how an international agreement to limit greenhouse gas emission would impact Singapore,” Mr Lee said.

“We will strive to safeguard our interests at the talks together with other countries who share these interests. And we will also work with the chemical industry to improve emission standards to help it remain competitive and viable in Singapore.”

The multi-billion dollar facility will allow Shell to boost ethylene supply by 800,000 tonnes a year.

This will go some way to meet rising demand for chemicals in Asia.

Shell chief executive officer Peter Voser said: “Clearly, there is more growth in the Asia-Pacific

pharoah88 ( Date: 05-May-2010 12:45) Posted:

TODAY

Wednesday May 5, 2010 www.todayonline.com we set you thinking
Shell opens largest
petrochem complex
New petrochemical complex will spur

wave of downstream investment: PM

Desmond Wong

desmondwong@mediacorp.com.sg

x 0

Desmond Wong
desmondwong@mediacorp.com.sg — Shell announced the completion of its largest petrochemical complex yesterday, highlighting that the multi-billion dollar facility which spans Pulau Bukom and Jurong Island, will enable an increase in production levels to better serve the Asian market.

SINGAPORE

The Shell Eastern Petrochemicals Complex could help to attract some $2 billion in fixed asset investments from leading chemical firms, said Prime Minister Lee Hsien Loong, who was guest of honour at the launch.

Mr Lee said the new complex is a key project that will bring a new source of feedstock to Jurong Island and spur a new wave of high value downstream investments in the chemical industry.

The energy and chemical industry accounts for a third of Singapore’s total manufacturing output at $60 billion annually — a sector which the Government will continue to support.

However, Mr Lee highlighted that managing carbon emissions from the energy and chemical industry is essential.

“The Government is tracking closely the UN framework convention on climate change talks, and how an international agreement to limit greenhouse gas emission would impact Singapore,” Mr Lee said.

“We will strive to safeguard our interests at the talks together with other countries who share these interests. And we will also work with the chemical industry to improve emission standards to help it remain competitive and viable in Singapore.”

The multi-billion dollar facility will allow Shell to boost ethylene supply by 800,000 tonnes a year.

This will go some way to meet rising demand for chemicals in Asia.

Shell chief executive officer Peter Voser said: “Clearly, there is more growth in the Asia-Pacific

pharoah88 ( Date: 05-May-2010 12:45) Posted:

TODAY

Wednesday May 5, 2010 www.todayonline.com we set you thinking
Shell opens largest
petrochem complex
New petrochemical complex will spur

wave of downstream investment: PM

Desmond Wong

desmondwong@mediacorp.com.sg

x 0

TODAY

Wednesday May 5, 2010 www.todayonline.com we set you thinking
Shell opens largest
petrochem complex
New petrochemical complex will spur

wave of downstream investment: PM

Desmond Wong

desmondwong@mediacorp.com.sg

x 0

Genting SP COO was RIGHT at AGM

He said, "You WiLL hear ALL abOut MBS sOOn."

MBS really sO sO sO sO

#### 3rd wOrld standard ####

C I N E

Organizer's EyEs gOt STAMPS

x 0

Stage lights go out at MBS

Clement Mesenas and Teo Xuanwei

clementm@mediacorp.com.sg

SINGAPORE

Mr James Jacob Spigelman bravely continued his speech in the dark, assuring his audience: “I have got a loud voice”, but some members at the Inter-Pacific Bar Association (IPBA) 20th Annual Conference were less than amused. Several left, while those who remained were herded by MBS staff into a smaller conference hall.

The incident capped a series of discomfitures for the delegates at the integrated resort, where IPBA organisers had booked 400 rooms for its conference.

The guests told MediaCorp about air conditioners not working in their hotel rooms, luggage being brought up to their rooms two hours after check-in and a threehour power failure in their rooms that caused laptops to go on the blink.

Some overseas delegates had to change rooms three times before finding one with amenities that worked. One delegate was led into a room — to find it occupied by a another couple. Others, including Mr Spigelman, were trapped in the resort’s lifts, some for up to 20 minutes at a stretch.— The Chief Justice of Australia’s New South Wales state was addressing an international gathering of legal eagles yesterday when suddenly the stage lights went out and then the sound system went silent — all at the first major event to be staged at the newly-opened Marina Bay Sands.