The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index was little changed at 3,185.76.
Boustead Singapore (BOCS SP): The provider of engineering services said its Boustead Salcon Water Solutions Pte. won a $25 million contract to build a water demineralization plant for a unit of Tuas Power, a supplier of electricity in Singapore. The stock was unchanged at $1.12.
ComfortDelGro Corp. (CD SP): The biggest operator of taxis and buses in Singapore said it has been awarded permits to add 800 new taxis to its fleet in Chengdu, China, making it the second-biggest taxi operator in the city. The shares were unchanged at $1.62.
Hiap Seng Engineering (HSE SP): The provider of engineering services to the petroleum and petrochemical industries said it won two contracts from China and the Middle East, valued at US$9.4 million ($12.1 million). Hiap Seng gained 0.8% to 64.5 cents.
Keppel Corp. (KEP SP): The world’s biggest builder of oil rigs will announce full-year results after the close of trading tomorrow. The company is expected to report a profit of $1.3 billion, according to the average estimate of 22 analysts compiled by Bloomberg. That compares with $1.63 billion in 2009. The stock slipped 0.9% to $11.26.
Keppel Land (KPLD SP): The real estate arm of Keppel Corp. said its fourth-quarter net income surged to $841 million from $106.9 million a year earlier, boosted by one-time gains. The shares gained 0.9% to $4.57.
Pacific Andes Resources Development (PAH SP): The Singapore-based processor of frozen seafood and vegetables postponed its first sale of yuan-denominated bonds in Hong Kong citing poor markets, Katie Tsui, an investor relations manager at the company, said in a telephone interview from Hong Kong. The so-called Dim Sum market is volatile and recent offerings by Chinese property companies pushed yields “quite high,” she said. The stock was unchanged at 37 cents.
SIA Engineering Co. (SIE SP), the aircraft maintenance unit of Singapore Airlines (SIA SP), will release its third-quarter results after the close of trading tomorrow. The company is expected to report a net income of $66 million, according to average estimates of two analysts compiled by Bloomberg. That compares with $56 million a year ago. SIA Engineering gained 0.2% to $4.26.
Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
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BullishTempo
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25-Jan-2011 08:49
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Not interest in Wilmar really. GAR is still a long - Fair value around 0.76. The guy who bought 61 million GAR shares at this price is a good gauge of its fair value. But I will just focus on Kepland today.
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BullishTempo
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25-Jan-2011 08:46
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SINGAPOREThe market closed slightly higher on Monday but closed near its session's low. After the market close, appx. 27% of the Straits Times index constituents closed above their 20D MA (vs 23% last Friday). 3% of them are oversold vs 7% last Friday. The country's December CPI rose 4.6% YoY (+4.5% expected) vs +3.8% in November.Singapore Exchange (SGX) announced it has secured from a group of banks two long-term loan facilities of S$3.8bln and A$750m respectively for the proposed merger with ASX. Pacific Andes Resources Development (PAH) has postponed its yuan-denominated bond sale (DJ). Keppel (KEP) said its Keppel FELS unit obtained a $360m order to build two jack-up oil rigs for Clearwater Capital Partners. Separately, the Co's unit and Noble Corp. agreed to terminate a $152m contract to upgrade a drill ship named "Noble Muravlenko". Genting Hong Kong (GENHK) was rated "outperform" with a price target $0.6 at Macquarie. Doosan (000150) was rated "overweight" and CapitaLand (CAPL) price target was cut to S$4.6 from S$5.3 at JPMorgan. Banks: United Overseas Bank (UOB) and DBS Group Holdings (DBS) reached a new 3-month relative high against the Straits Times index. |
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BullishTempo
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25-Jan-2011 08:43
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hlfoo2010
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25-Jan-2011 08:43
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Is That means even earning go down by 33% , still breakeven with this price $4.57.
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BullishTempo
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25-Jan-2011 08:42
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Tags: ComfortDelGro Corp. | Comfortdelgro Corporation | Keppel Land | Valuetronics Holdings
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BullishTempo
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25-Jan-2011 08:41
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BullishTempo
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25-Jan-2011 08:40
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The reason I entered yesterday is to take advantage of any gap-ups. But its a calculated risk, because IF kepland made losses, it will GAP-DOWN. But knowing good rental returns last year, and positive analyst estimates, it was a calculated risk to enter yesterday. Those who want to enter today, have to see how much the GAP-UP is. ENTER at your own RISK. You have to combine fundamental and technical analysis. Kepland will not shoot up to $6 in a straight line. There will still be people selling and buying in the process, ie. fluctuations up and down. RSI for Kepland is at oversold position near 30%, Stochastics and Williams showing buy signals at oversold positions. Do your own analysis before entering any trade. Take other people's analysis with a pinch of salt. |
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belgeran
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25-Jan-2011 08:36
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from the market depth, it would seem that there will be buy ups though?.. although that could be faked... u could cut it on opening. | ||||
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bladez87
Master |
25-Jan-2011 08:32
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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waa my cgx die c0ck standing. krx open 35 cents only. die jialat jialat. my .465 entry about to lose 700 liao | ||||
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muifan
Master |
25-Jan-2011 08:31
Yells: "Take the leap of faith dont regret 20 years later!" |
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I will enter 5 lots too. But then again, will my black candle jinx overpower BT's brilliance? We shall see..
cheers, mf
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belgeran
Veteran |
25-Jan-2011 08:30
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ehh.... BT.. is it advisable to buy in this morning.. ?
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bladez87
Master |
25-Jan-2011 08:24
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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based on your analysis, i will enter 2 lots today! provided gap up not too big.
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muifan
Master |
25-Jan-2011 08:19
Yells: "Take the leap of faith dont regret 20 years later!" |
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Whole Singapore is thinking this idea, even my mother in law and their click of aunties Is trading so easy? hehe
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ic1990
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25-Jan-2011 08:18
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BT thinking of going long on GAR(target entry 0.725) and short on Wilmar (target entry 5.47), what's your opinion? |
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hlfoo2010
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25-Jan-2011 08:07
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Good Post
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BullishTempo
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25-Jan-2011 07:45
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If we take a even more conservative estimate, and take only net profit excluding fair value gain on investment properties : earnings will be : 640.8 million Earnings per share : 640,800,000 / 1,485,851,444 = 0.43 15 x forward earnings ie 15 x 0.43 = $6.45 Fair value for kepland is between $6.45 and $7.17 by my estimates. |
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BullishTempo
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25-Jan-2011 07:23
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Ok there is still some time to do a bit of fundamental analysis for kepland Look at the Profit and Loss statement of kepland (download from SGX or kepland website): 1) Full year profits for 2010 : SG $1,060,585,000 2) Full year profits for 2009 : SG $299,330,000 3) Earnings per share for 2010 : $ 0.727 4) Earnings per share for 2009 : $ 0.242 5) ROE for 2010 : 30% 6) ROE for 2009 : 10.1% Number of shares issued can be derived from 1 and 2 : 1,458,851,444 shares Current trading price as of yesterday's close : $4.57 Stocks usually trade at about 15x forward earnings : Fair value stock price based on 2009 earnings : 15 x 0.242 = $3.63 Fair value stock price based on 2010 earnings : 15 x 0.727 = $10.905 At the current price of $4.57, it is currently undervalued by about (10.90-4.57)/4.57 * 100% = 138% !!! Now, the statement says there is a one time profit from the sale of Marina Bay Financial Center of about $363.8 million. So we cannot include that in forward earnings, lets take that out : 1,060,585,000 - 363,800,000 = 696,785,000 Earnings per share = 696,785,000 / 1,458,851,444 = 0.478 15 x 0.478 = $7.17 At the current price of $4.57, it is currently undervalued by about (7.17-4.57)/4.57 * 100% = 56.9 % !
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bladez87
Master |
25-Jan-2011 06:44
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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wow! today kepland sure main play! hopefully GAR also. then wilmar might see a salt fish turn around XD dont fall into the trap?CGX also will move depending on the KRX listing. o boy pls hit 50 cents. | ||||
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BullishTempo
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25-Jan-2011 05:34
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Dow is up 108 points. For the first time in more than 2 years, Dow looks ready to hit 12,000 points. The last time this was reached was in 2008. The year 2011 looks very promising, at least for the US market. Today STI should be up, attention on Kepland. Towards the end of the week, especially Friday, STI will likely turn down. Interest rate hike from China imminent. projected to be early Feb, around CNY time.
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icetomato
Elite |
25-Jan-2011 00:17
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Tomorrow kepland chiong ah? Really? Sad.. missed bullishtempo's daily opportunities post. Had to go catch flight back home otherwise I sure copycat. Maybe tomorrow he will buy 50 more to make it 100lots. Then maybe I can buy some too. Think I am half dreaming now. So tired. Go zzzz.... |
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