Latest Posts By ozone2002
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| 04-Oct-2010 10:19 |
SUTL Enterprise
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4Cents divident declared 50% yield!!!
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Achieva (ACH SP) NOT RATED Price: S$0.085 Mkt Cap: S$44m Daily: Val US$0.5m 1-Yr Hi/Lo: S$0.12/0.07 Company Visit: Transformation At Work Analyst: Jonathan Koh, CFA Tel: (65) 6590 6620 Company background. Achieva's core business is marketing and distribution of hard disk drives (HDDs), memory chips and PC motherboards. Its major principals include Western Digital (internal and external HDDs), Intel (CPU), Sapphire (graphics cards), Foxconn (motherboards) and Asus (motherboards and graphics cards). It has operations in six countries, namely Singapore, Malaysia, Indonesia, Philippines, Vietnam and Australia. Change of controlling shareholder. SUTL has become Achieva's largest shareholder after acquiring 121.5m shares from founder Henry Lim on 9 Dec 09. SUTL now owns a 25.0% stake in Achieva. Arthur Tay, Chairman & Group Managing Director of SUTL Group, has been appointed CEO of Achieva with effect from 1 May 2010. SUTL Group is a global distributor of consumer goods (FMCG – fast moving consumer goods). Products distributed by SUTL include wines & spirits, beer, mineral water, beverages, tobacco products, confectionery, fragrances and cosmetics. SUTL plays an important role to help international brands establish their presence in emerging markets such as Cambodia, Laos, Myanmar, Vietnam, Mongolia and North Korea. Restructuring and cleaning up. Achieva has restructured its businesses over the past two years. It sold its component business to Arrow Electronics for US$51.5m, reaping gain of S$27.4m in 2008. It has terminated distributor agreement with Seagate. Achieva is currently a strategic partner and focuses on distributing Western Digital’s HDDs. Achieva has cleaned up by closing various dormant subsidiaries in Singapore, Malaysia and Australia. Metamorphosis – creating the new Achieva. We believe SUTL could inject some or all of its consumer businesses into Achieva. There are positive synergies as the same distribution and logistics infrastructure across the region could be utilised for both SUTL’s consumer products and Achieva’s IT products. The transaction could be completed in two stages given the size of SUTL’s diverse range of businesses. Focus on own brands. Achieva plans to expand its product portfolio in the lifestyle IT sector. It sells own-brand products Ovation for external HDDs and Astone for media players and netbooks. It plans to develop a strong retail presence by opening vendor-branded retail stores in developed markets and own-brand retail stores in emerging markets. Latest 1H10 results. Achieva made losses of S$0.3m in 1H10. Gross margin was only 7.0% as distribution of IT products is a competitive business. It will continue to exercise tighter cost control to improve financial performance. Investors shouldn’t focus on losses from existing businesses as Achieva is in the midst of transformation into a totally different company. Healthy balance sheet. Achieva is debt free and current cash & bank balances is S$34.3m. Its net cash/share was 3.1 cents as at Jun 10. The stock trades at P/B of only 0.93x. |
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| 04-Oct-2010 10:17 |
SUTL Enterprise
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4Cents divident declared 50% yield!!!
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i tryin to collect cheap 1st..haha.. |
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| 02-Oct-2010 13:56 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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that's right..STI can go to 4000 but ur share still same price what's the use.. | ||||||||
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| 02-Oct-2010 09:37 |
GLD USD
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Gold going up this year?
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| 02-Oct-2010 09:27 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Marc Faber: The Fed Is Creating Dangerous Bubbles Around The World, And Stocks Will Tank In October
For US investors, he argues that bullishness has come on too fast, and that the pain we haven't felt in September has merely been delayed until October and November. And he also warns that the ramifications of Fed printing will be felt in unexpected ways around the world: Now what happens if so much money flows to emerging economies is that you get bubbles over time - currency bubbles, stock market bubbles, real estate bubbles. The question is then how do these emerging economies’ central banks react to that. The Brazilian Finance Minister has just said we are in the midst of a currency war, a foreign exchange war and the central banks of emerging economies have a choice to do nothing - then they have high domestic inflationary pressures with accompanying bubbles - or they tighten monetary policies and their currency becomes even stronger and you have a speculative bubble in the currency. So the Fed has put them actually in a very difficult position and I believe we are going to end up with bubbles in precious metals and to some extent in emerging economies’ real estate and equity markets and every bubble eventually bursts. It does not have to happen tomorrow. It could last another year, but the Fed is actually endangering emerging economies at the present time. And on the Fed: The whole world is now optimistic and positioned to take advantage of forever expansionary monetary policies by buying assets, precious metals, real estate, equities, and everybody believes that the central banks in the world will print and print and print and print. That is correct, they will do that, but they printed, printed and printed and we still saw a financial crisis in 2008. So I can print and print and print, and you can still have big corrections in the market. But I believe that if the S&P in the US drops 15-20% to around 900-950, the Fed would come out not with this quantitative easing No. 2, but with quantitative easing No. 2, 3, 4, 5, 6, 7, 8, 9, 10 until the asset markets go up again. They are going to print and print and print.
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| 02-Oct-2010 08:59 |
Swiber
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Swiber
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the "inside news"came out .. i sold.. swiber fell! haha..got any more inside news?..ahhaha
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| 01-Oct-2010 09:19 |
SUTL Enterprise
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4Cents divident declared 50% yield!!!
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saw analyst coverage on Achieva.. vested 1000 lots 9c good luck.. |
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| 30-Sep-2010 23:42 |
SoundGlobal
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Sound Global Ltd (formerly: Epure)
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good thing i took profit yesterday.. :) once a trader always a trader.. not losing is my game..
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| 29-Sep-2010 11:14 |
Sinomem
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SINOMEM 'remains under-valued and mispriced'
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Below NAv 53c ACCUMULATE!!!!
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| 29-Sep-2010 11:12 |
SoundGlobal
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Sound Global Ltd (formerly: Epure)
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velli nice chiong today.. took profit..
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| 29-Sep-2010 09:20 |
China New Town
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ChinaNTown
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accumulate below NAV 16c... sell above NAV 16c.. good luck..
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| 29-Sep-2010 09:18 |
Citic Envirotech
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United Envirotech
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dip is for u to collect on the cheap cheong is for u to take profit.. simple money making strategy for fundamentally strong counters..
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| 28-Sep-2010 22:49 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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markets don't move up in a str8 line..needs to correct once a while to be healthy gotta spot the clues to know how to trade correctly..
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| 28-Sep-2010 15:05 |
Citic Envirotech
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United Envirotech
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BUY ON DIP!!!focus on fundamentals not the volatility SG:United Envirotech- Another RMB200m EPC contract Summary: United Envirotech Ltd (UEL) recently announced that it has received the final nod for the listing of its TDRs in Taiwan. We understand the actual listing will take place in about two to three weeks’ time, although the final valuation of the TDRs has not been fixed. Separately, UEL has secured a RMB200m contract, bringing its estimated order book to around S$110-120m. In addition, UEL could be in a JV to buy over an existing wastewater treatment plant and also build another BOT project. We view the latest development as a further endorsement of the company’s market leading position in industrial MBR as well as the optimistic prospects for the wastewater industry in China. UEL will also be seeing more contributions from some of its newly-completed BOT/TOT projects, which should start contributing from Oct onwards, namely the 50,000m3/day Heilongjiang project and the 30,000m3/day Hegang project. And to reflect the likelihood of higher treatment contributions, we adjust our FCF growth rate from 2% previously to 3% (while keeping everything else unchanged), and this in turn raises our fair value from S$0.52 to S$0.63. Maintain BUY. |
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| 28-Sep-2010 15:01 |
China New Town
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ChinaNTown
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trend not broken yet..cos down on thin vol... currently trading @ NAV value 16c.. |
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| 28-Sep-2010 14:53 |
ShareJunction
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VIKING offshore
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accumulate on weakness!! gd luck!
u go shopping sale discount u grab rite? share also same..leilong sale must buy..
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| 27-Sep-2010 22:41 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i respect Tony Tan..but i still think there will be a major correction in Oct.. September 27, 2010, 9.43 pm (Singapore time)  GIC ups stock holdings, to focus on Asia
SINGAPORE - The Government of Singapore Corporation (GIC), which manages more than US$200 billion, raised its equity holdings in its last financial year and said it will put a larger portion of its funds in emerging market.
Global investors have been pumping more money into emerging market stocks, bonds and real estate in search of higher returns, creating concerns about asset bubbles in Asia even as the United States struggles to recover from recession. 'GIC started to selectively take on more risk from the second quarter of 2009, amidst growing confidence in the economic recovery,' Deputy Chairman and Executive Director Tony Tan said on Monday. 'GIC will continue to increase its investments in the emerging economies, especially in Asia,' Dr Tan, formerly Singapore's deputy prime minister, said in a statement accompanying the sovereign wealth fund's report for the financial year ended March 2010. These would include China, India and Vietnam, state television later quoted Dr Tan as saying. GIC, which has invested in Citigroup and UBS, also said its average annual returns over the past 20 years rose to 7.1 per cent in dollar terms at the end of March 2010 from 5.7 per cent a year ago as stock markets rebounded in 2009. GIC, the larger of Singapore's two sovereign funds, has been in the limelight due to the US$3 billion initial public offering of logistics unit GLP and reports linking it with a stake in Brazilian investment bank BTG Pactual. But unlike sister fund Temasek which discloses its asset size and key holdings, GIC does not say how much it manages and only provides its average returns over 20 years and asset allocation. As was the case last year, GIC held a briefing on its annual report for local media only. State Street ranks GIC at number seven among sovereign funds after Abu Dhabi, Saudi Arabia, Norway, Hong Kong, Kuwait and China Investment Corp, which reported an 11.7 per cent return on its portfolio for 2009. During the 12 months ended March 2010, GIC increased its investment in equities to 51 per cent of its portfolio from 38 per cent at end-March 2009, while the proportion held in bonds fell to 20 per cent from 24 per cent a year ago. 'The increase from 28 per cent to 41 per cent in developed market equities reflected the repurchase of equities as well as the improved valuation arising from the rebound in stock markets in 2009,' the Singapore sovereign investor said. 'There's very little value left in fixed income markets,' said Robert Manning, CEO of US-based MFS Investment Management. 'We have been advising that fixed income market is a bubble, particularly sovereign debt... If you buy large-cap global companies, you are paying 12 times earnings for those large dividend-paying stocks that yield more than 10-year Treasuries.' GIC's Dr Tan, who correctly predicted in 2008 that the world could go into a deep recession, said that while the global economy is rebounding, the recovery path beyond this year is subject to significant uncertainties. 'The financial landscape has become more volatile, with more uncertainty and tail risk,' he said. GIC said it plans to be more flexible in terms of asset allocation to allow management 'to make calibrated departures from the policy portfolio'. 'In this way, GIC can respond more flexibly to significant risks or opportunities, which are likely to emerge from time to time in an environment of greater uncertainty,' said Group Chief Investment Officer Ng Kok Song. Analysts said the strategy made sense. 'The nimble strategy is a reflection of the current schizophrenic reality,' said Chua Hak Bin, an economist at Bank of America's Merrill Lynch in Singapore. 'Tail-risks of extreme bipolar scenarios have become larger. Markets are grappling with whether the world is headed for a double dip or a reflationary boom because of the G3 monetary actions.' -- REUTERS |
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| 27-Sep-2010 16:43 |
Darco Water Tech
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Need info
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CHIONG AH!!! 8.5 to 9.5!! vested 1000 lots @ 9.5 |
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| 27-Sep-2010 16:00 |
GLD USD
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Gold going up this year?
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already hit $1300 in HK markets
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| 27-Sep-2010 11:47 |
China New Town
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ChinaNTown
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let's go go go |
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The original merchant of doom Marc Faber has a good, wide-ranging interview with the Economic Times of India.
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