Latest Posts By ozone2002
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24-Jan-2011 10:27 |
CWT
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CWT ONE FOR ONE BONUS
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1.24!!!!!!!!!!!!!! =)
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24-Jan-2011 09:04 |
CapitaMalls Asia
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First Day trading open at $2.30
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Retail-linked REITs a good choice: Analysts
05:55 AM Jan 24, 2011
SINGAPORE - With improving economic indicators and rising tourist arrivals, analysts are singling out retail-linked real estate investment trusts (REITs) as good investment bets for investors.
Compared with the office sector, the retail sector has remained much more resilient, said Mumbai-based financial group IIFL in its Jan 11 report. It has positive ratings on retail play REITs like CapitaMall Trust and CapitMall Asia, citing the bullishness on retail sales and space demand, which will be driven by strong GDP growth and tourist arrivals in the next two years. IIFL upgraded CapitaMall Trust to "buy" on Friday after it reported a 9.24-cents distribution per unit for 2010. "We like its robust occupancy rate (99.3 per cent) and steady growth via strong reversions (6.5 per cent) in FY2010," IIFL said. The trust's asset enhancements initiatives in JCube and Atrium @Orchard are also expected to generate an additional $20 million in rental income in 2013. IIFL's Jan 11 report estima-ted rentals would grow between 2 and 5 per cent a year in 2011 to 2012, with prime rentals growing faster in the Orchard area at 3 to 5 per cent yearly, on the lack of new supply. Starhill Global REIT, which generates two-thirds of its revenue from Ngee Ann City and Wisma Atria is likely to benefit as well from this, Kim Eng analyst Anni Kum said in a Jan 11 report. Ms Kum reiterated a "buy" rating on Starhill Global noting that about 20 per cent of its retail leases in Singapore are expiring this year and that so far, the rates of those leases are about 30 per cent below rentals in the fourth quarter of last year. Kim Eng sees a positive rental revision in the next two years. While rents in the prime Orchard district head north, the scenario for suburban retail rents will come under pressure as new retail spaces come on stream, Ms Kum's report said. The opening of Clementi Mall, JCube and Changi City Point could see rental rates going down in the suburbs. Among those likely to feel this impact is Frasers Centrepoint Trust. "FCT, with its 100-per-cent exposure to suburban malls, is likely to be affected," wrote OCBC analyst Ong Kian Lin in a Jan 11 report. "With only four local malls under its asset portfolio (Causeway Point, Northpoint, Anchorpoint, Yewtee Point), there is a limit to how much further it can scale, compared to CapitaMall Trust - the largest retail REIT which has 15 malls under its belt," the report added, maintaining a "hold" rating. |
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21-Jan-2011 13:17 |
CWT
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CWT ONE FOR ONE BONUS
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correction?
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21-Jan-2011 11:21 |
CWT
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CWT ONE FOR ONE BONUS
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1.15 to 1.2! chiong ah!!!!! | ||||||||||||||||||||||||||||||||||||
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21-Jan-2011 11:06 |
China Gaoxian
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ChinaGaoxian
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congrats to those who went in early with me..zhixuen n medivh
already earned more than double ..very satisfied already..
using this earnings to find other low spotlight counters and wait for herd to
realise their potential.. =)
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21-Jan-2011 10:47 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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HSI23800MBLeCW110225 buy @ openin 28.5.. now 30.5..make 2 c.. 7% gain.. gd stuff!
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21-Jan-2011 09:22 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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dead cat bounce today.. MEOW! loading up some HSI call warrants... |
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20-Jan-2011 09:03 |
IPC Corp
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Solid NTA 27c
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CHIONG AH!!!!!!!!!! 16.5 looks like i'm the only buying this baby.. |
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19-Jan-2011 17:09 |
IPC Corp
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Solid NTA 27c
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nice close today 15.5c.. :) |
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19-Jan-2011 17:02 |
PEC
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PEC IPO result out?
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PEC wins $78m utilities project works 3.01 pm | ||||||||||||||||||||||||||||||||||||
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19-Jan-2011 13:45 |
CapitaMalls Asia
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First Day trading open at $2.30
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very controlled share.. i like controlled stocks..:) |
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19-Jan-2011 13:44 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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looking gd! ..ride the SHIP..in yzj context..keke | ||||||||||||||||||||||||||||||||||||
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19-Jan-2011 10:16 |
SGX
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SGX
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SGX 8.7!! chiong ahhhhhhh!! up 2.5% best blue chip performer | ||||||||||||||||||||||||||||||||||||
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19-Jan-2011 09:57 |
CapitaMalls Asia
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First Day trading open at $2.30
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light trading vol so far.. can go either way.. support @ 1.94 gd luck~! |
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19-Jan-2011 09:49 |
Lian Beng
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Proposed Share-Buyback
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Up ‐to‐date in 60 secondsBackground: home and has been listed on the SGX since 1999. While accredited to tender for a wide variety of projects, the Group has operated mainly as a main contractor for private residential projects in recent years. Lian Beng is one of the largest‐grown construction group in Singapore,Recent developments: announced a 55% investment in a 201,443 sq ft land parcel which cost S$67m. The Group plans to develop this piece of land along Woodlands Road into an industrial complex for sale and lease. This is its second industrial property investment, following the acquisition of a $23.6m building (along new Industrial Road) from SGX late last year. Last week, Lian BengKey ratios… Price Price Dividend per share / yield: SG 0.8 cents/ 2.5% Net cash/ market cap: 11% ‐to‐earnings (12‐mths trailing): 5.1X‐to‐Book: 1.1XSource: Bloomberg Everything else… Share price (S$) 0.34 Issued shares (m) 529.8 Market cap (S$m) 180.1 Free float (%) 64.5% Financial YE 31 May Major shareholders Chairman YTD change +11.5% 52 ‐Ong Pang Aik 25.3%‐wk price range S$0.25‐0.35Source: Company Our view New trick up Beng’s sleeve?: have cited the trend of developers looking into shoebox industrial units, following the success of shoebox residential units. The attraction stems from the substantially lower psf prices, exemption from government’s property cooling measures and attractive yields (6 to sub could be an early player into this trend. Recent reports‐8% compared‐4% for residential). We think Lian BengMore work than it can handle core construction business is tracking very well. The sharper than expected rebound in the residential market has meant spade loads of new contracts since 2008. It currently has a record orderbook of $762m locked in at healthy margins, which should keep it busy and happy at least till 2013. : The Group’sRolling in the dough: impressive net profit of $22.6m for 1H11, which grew 100% yoy (gross margins improved from 13% to 16%), mainly from construction activities. We estimate that excluding net cash and book value of property developments, the stock is trading at less than 2X PER (based on annualized 1H11 numbers). The Group reported anContracts secured in 2010 Project Contract Value (S$m) Date announced Expected Completion The Scala 119.5 Aug Spottiswood 88.3 Jun The Laurels 95.0 Apr Centro Residence 78.0 Mar Dakota Crescent 144.0 Mar Total 524.8 ‐10 4Q 2013‐10 2Q 2013‐10 1Q 2013‐10 1Q 2013‐10 1Q 2013Source: Company, Kim Eng Year End May 2008 2009 2010 1H10 1H11 Sales (S$m) 194.8 308.4 345.7 157.6 249.3 Net profit (S$ m) 11.9 17.1 24.0 11.6 22.9 EPS (S$ cts) 2.39 3.21 4.54 2.13 4.26 EPS growth (%) na 34.3 41.4 na 100.0 PER (x) 14.2 10.6 7.5 na na
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18-Jan-2011 16:57 |
SGX
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SGX
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remisers will be more rich..cos don't have to eat lunch.. trade all the way..! 9 - 5 pm keke SGX chiong ah!
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18-Jan-2011 15:23 |
CapitaMalls Asia
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First Day trading open at $2.30
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someone is just eating up the sell Q @1.96 |
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18-Jan-2011 09:17 |
IPC Corp
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Solid NTA 27c
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close 15c.. today opened 15c..hope can push up further.. go go go!! |
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17-Jan-2011 21:16 |
CapitaMalls Asia
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First Day trading open at $2.30
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good news MISCELLANEOUS :: CAPITAMALLS MALAYSIA TRUST (“CMMT”) - (I) PROPOSED ACQUISITION BY AMTRUSTEE BERHAD (“TRUSTEE”), ON BEHALF OF CMMT OF GURNEY PLAZA EXTENSION PROPERTY FOR A PURCHASE CONSIDERATION OF RM215,000,000 (“PROPOSED ACQUISITION”); (II) PROPOSED PLACEMENT OF NEW UNITS IN CMMT (“UNITS”) BY WAY OF BOOKBUILDING, AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM167.1 MILLION AND ACCEPTANCE OF CMMT INVESTMENT LIMITED’S UNDERTAKING TO SUBSCRIBE FOR SUCH NUMBER OF UNSUBSCRIBED NEW UNITS SUBSEQUENT TO THE CLOSE OF THE BOOKBUILD (“PROPOSED PLACEMENT”); (III) PROPOSED EXEMPTION FOR CMMT INVESTMENT LIMITED FROM THE OBLIGATION TO MAKE A MANDATORY TAKEOVER OFFER ON ALL UNITS IN CMMT NOT ALREADY HELD BY CMMT INVESTMENT LIMITED AFTER THE PROPOSED PLACEMENT (“PROPOSED EXEMPTION”); (IV) PROPOSED PLACEMENT OF NEW UNITS TO CMMT INVESTMENT LIMITED, AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM69.7 MILLION, WHICH REPRESENTS 41.74% (BEING THE CURRENT UNITHOLDING OF CMMT INVESTMENT LIMITED IN CMMT) OF THE TOTAL GROSS PROCEEDS TO BE RAISED FROM THE PROPOSED PLACEMENT (“PROPOSED PLACEMENT TO CMMT INVESTMENT LIMITED”); (V) PROPOSED AUTHORITY TO ALLOT AND ISSUE NEW UNITS OF UP TO 20% OF THE APPROVED FUND SIZE OF CMMT PURSUANT TO CLAUSE 14.03 OF THE SECURITIES COMMISSION’S GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS (“PROPOSED AUTHORITY”); AND (VI) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF CMMT FROM 1,350,000,000 UNITS UP TO A MAXIMUM OF 2,000,000,000 UNITS (“PROPOSED INCREASE IN FUND SIZE”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
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17-Jan-2011 16:38 |
IPC Corp
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Solid NTA 27c
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Theedge had a story on IPC in its latest issue. As usual once a company is highlighted in theedge there will be a movement upwards in the stock price today IPC moved from 13.5 to 14.5 gd luck~! |
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