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Oh..Bro u sure or not if true will be reported the vol and price placed out for F&N shares for the public float to be at least>=12%
You are outdated. He only need reduce 2.3%, which already been done. Thus sgx approved
starlene ( Date: 30-Nov-2013 15:44) Posted:
I recalled Chaoren has by certain date to sell his 90% holdings so that the public float in the public be at least 12%..will he be selling based on the 12% dividends to be paid and 2 FCL shares for every 1 F& N shares held? Downward pressure on F& N shares if he sells to maintain the listing status as required by SGX
EDGE maz..Nov 18-Nov 24.." with the demerger of the ppty biz F& N revised net asset value will be $2.12 and would trade at say 14% discount hence after ex-all at $1.83 and each FCL could have a market price of $1.82 each (1.82x2 +1.83=5.47) < $5.72 the current price of F& N and uncertain outcome of Myanama Econoic Holdings to calim its 55% stake in Myanmar Brewery in the arbitration court..is it risky to still buy F& N? |
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I will be looking at the price of the vendor share placement to meet free float requirement.
I recalled Chaoren has by certain date to sell his 90% holdings so that the public float in the public be at least 12%..will he be selling based on the 12% dividends to be paid and 2 FCL shares for every 1 F& N shares held? Downward pressure on F& N shares if he sells to maintain the listing status as required by SGX
EDGE maz..Nov 18-Nov 24.." with the demerger of the ppty biz F& N revised net asset value will be $2.12 and would trade at say 14% discount hence after ex-all at $1.83 and each FCL could have a market price of $1.82 each (1.82x2 +1.83=5.47) < $5.72 the current price of F& N and uncertain outcome of Myanama Econoic Holdings to calim its 55% stake in Myanmar Brewery in the arbitration court..is it risky to still buy F& N?
I suppose the bond issue problem has been cleared?
chinastar ( Date: 30-Nov-2013 12:07) Posted:
let's see how high superman can fly.......
Markie ( Date: 23-Nov-2013 18:07) Posted:
F& N likely to face downward pressure in the near term as the property spin off date draws nearer bond issue and Myanmar brewery arbitration unresolved.
i'm vested at 5.80 btw. still holding. |
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let's see how high superman can fly.......
Markie ( Date: 23-Nov-2013 18:07) Posted:
F& N likely to face downward pressure in the near term as the property spin off date draws nearer bond issue and Myanmar brewery arbitration unresolved.
i'm vested at 5.80 btw. still holding. |
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The Company wishes to announce that the Extraordinary Resolution tabled at the adjourned meeting of the holders of the 7-Year Bonds on 29 November 2013 has been duly passed as an Extraordinary Resolution of the holders of the 7-Year Bonds without any amendment.
F& N likely to face downward pressure in the near term as the property spin off date draws nearer bond issue and Myanmar brewery arbitration unresolved.
i'm vested at 5.80 btw. still holding.
F & N - Value uncapped
FRASER AND NEAVE, LIMITED (Miscellaneous: Incorporation Of Subsidiary) < FRNM.SI>
Announcement Title: Incorporation of subsidiary
Description: Pursuant to Rule 704(17)(c) of the Listing Manual of the Singapore Exchange
Securities Trading Limited, Fraser and Neave, Limited announces that its subsidiary, Frasers Centrepoint Limited, has incorporated a subsidiary in Singapore named FCL Pearl Pte. Ltd. with an initial issued share capital of S$1.00.
22-11-2013 07:45:28
Fraser & Neave ST: target 5.6 < FRNM.SI> Click here to see our chart:
http://www.tradingcentral.com/chart/FNNSGD131122003556.gif 5.89 is our pivot point.
Our preference: target 5.6.
Alternative scenario: the upside breakout of 5.89 would call for 5.99 and 6.05.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (5.8) but above its 50 day MA (5.66). Fraser & Neave is currently trading near its 52 week high reached at 6.13 on 21/01/13.
Supports and resistances:
5.99 *
5.89 **
5.85
5.79 last5.66
5.6 **
5.54 *
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Singapore Property Sector - Beneficiaries and Highlights From Draft URA Masterplan 2013 The Urban Redevelopment Authority (URA) has released the draft Masterplan 2013. Our key views are as follows:
A step in the right direction, in our view, balancing the economic priorities of housing, commercial and industrial developments with greater emphasis on decentralisation, eco-friendly initiatives and better public accessibility.
Greater priority on integrated and mixed-use developments could benefit larger developers with relevant experience such as CapitaLand, Frasers Centrepoint (F& N), Keppel Land, and City Developments.
Southern Waterfront development with the relocation of the Pasir Panjang and Tanjong Pagar terminals will benefit Mapletree Commercial Trust with its substantial retail and commercial exposure in the area.
Land earmarked for 500,000 new homes, with greater emphasis on HDB estates, will provide new opportunities for HDB construction companies such as United Engineers, Chip Eng Seng, Hock Lian Seng and Tiong Seng, together with HDB estate managers such as Isoteam, and material suppliers such as Hafary.
Opportunities for underground development (eg. 800m pedestrianised street with underground mall at Marina Bay) to benefit specialised underground construction players such as Kori Holdings.
Marina Bay and Marina South to offer new opportunities for office, retail and entertainment amenities that will complement REITs with existing developments in the area, such as Keppel REIT and Suntec REIT. Further development in the Jurong Lake District will be advantageous to CapitaMalls Trust and CapitaMalls Asia.
Development of Woodlands North Coast and Woodlands Central, together with the rail linkage to Malaysia, will generate greater demand for malls and upcoming developments owned by Frasers Centrepoint Trust (eg Causeway Point and Northpoint) and Frasers Centrepoint/F& N.
| Figure 1: Key Beneficiaries |
Benefits to accrue over the medium to long term for the URA Masterplan. We remain cautious in the near term on the residential segment and prefer deep value and diversified property developers such as CapitaLand, Ho Bee and OUE as our top BUYs. (Read Report)
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Screenshot ?
WanSiTong ( Date: 18-Nov-2013 13:09) Posted:
Those who subscribe ST online can help? I subscribe hard copy.
MetalTrader ( Date: 18-Nov-2013 11:44) Posted:
Yo Wan Si Tong, any website link to see?
we should seriously revalue the gems that lie in our midst.
But now that F& N has successfully sold its stake in Tiger Beer maker Asia Pacific Breweries to long-time partner Heineken for S$5.6 billion, every analyst in town seems to be outdoing one another in bidding up the target price for the stock.
The willingness of Overseas Union Enterprises (OUE) to pay S$1.4 billion for F& N?s hospitality and serviced residence business is another telling indicator, even though this cannot be pulled off just yet, because of Charoen?s takeover offer. Deutsche Bank analysts Elaine Khoo and Gregory Lui observed in a note that they had valued F& N?s serviced residence businesses at S$780 million. Similarly, there were other reports which suggested that Mr Charoen?s F& N bid had priced its hospitality business at only S$600 million.
There is one other point worth noting: The revelation by F& N chairman Lee Hsien Yang, together with board members Timothy Chia, Tan Chong Meng and Nicky Tan, that they plan to hold onto their shares unless Charoen?s offer turns unconditional. All these suggest that even at S$8.88 a share, there may still be value to be unlocked in F& N shares.
http://www.nationmultimedia.com/business/More-value-to-be-unlocked-in-F& N-shares-30192217.html
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Those who subscribe ST online can help? I subscribe hard copy.
MetalTrader ( Date: 18-Nov-2013 11:44) Posted:
Yo Wan Si Tong, any website link to see?
we should seriously revalue the gems that lie in our midst.
But now that F& N has successfully sold its stake in Tiger Beer maker Asia Pacific Breweries to long-time partner Heineken for S$5.6 billion, every analyst in town seems to be outdoing one another in bidding up the target price for the stock.
The willingness of Overseas Union Enterprises (OUE) to pay S$1.4 billion for F& N?s hospitality and serviced residence business is another telling indicator, even though this cannot be pulled off just yet, because of Charoen?s takeover offer. Deutsche Bank analysts Elaine Khoo and Gregory Lui observed in a note that they had valued F& N?s serviced residence businesses at S$780 million. Similarly, there were other reports which suggested that Mr Charoen?s F& N bid had priced its hospitality business at only S$600 million.
There is one other point worth noting: The revelation by F& N chairman Lee Hsien Yang, together with board members Timothy Chia, Tan Chong Meng and Nicky Tan, that they plan to hold onto their shares unless Charoen?s offer turns unconditional. All these suggest that even at S$8.88 a share, there may still be value to be unlocked in F& N shares.
http://www.nationmultimedia.com/business/More-value-to-be-unlocked-in-F& N-shares-30192217.html
WanSiTong ( Date: 18-Nov-2013 09:39) Posted:
| Today ST Money B11 half page cover F& N by Goh Eng Yeow |
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Yo Wan Si Tong, any website link to see?
we should seriously revalue the gems that lie in our midst.But now that F& N has successfully sold its stake in Tiger Beer maker Asia Pacific Breweries to long-time partner Heineken for S$5.6 billion, every analyst in town seems to be outdoing one another in bidding up the target price for the stock.
The willingness of Overseas Union Enterprises (OUE) to pay S$1.4 billion for F& N?s hospitality and serviced residence business is another telling indicator, even though this cannot be pulled off just yet, because of Charoen?s takeover offer. Deutsche Bank analysts Elaine Khoo and Gregory Lui observed in a note that they had valued F& N?s serviced residence businesses at S$780 million. Similarly, there were other reports which suggested that Mr Charoen?s F& N bid had priced its hospitality business at only S$600 million.
There is one other point worth noting: The revelation by F& N chairman Lee Hsien Yang, together with board members Timothy Chia, Tan Chong Meng and Nicky Tan, that they plan to hold onto their shares unless Charoen?s offer turns unconditional. All these suggest that even at S$8.88 a share, there may still be value to be unlocked in F& N shares. http://www.nationmultimedia.com/business/More-value-to-be-unlocked-in-F& N-shares-30192217.html
WanSiTong ( Date: 18-Nov-2013 09:39) Posted:
| Today ST Money B11 half page cover F& N by Goh Eng Yeow |
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Today ST Money B11 half page cover F& N by Goh Eng Yeow
He is forced to reduce, not he intend to reduce. Because listing of FCL will require 12% to be maintained in hands of Public.
Thus 90.3% to 88% is confirm.
As for 2.3%, i don't know who he sell to. But he must sell.
MetalTrader ( Date: 17-Nov-2013 20:20) Posted:
He must reduce stake in order for FCL to be listed.
It is a rule in SGX, which he must follow if he want to list FCL.
Surely, his stake is already reduced to 88%. As SGX already approved listing of FCL.
Do i need to clarify further :)
starlene ( Date: 17-Nov-2013 20:19) Posted:
| Hi Metaltrader..do u think the Chaoren is taking this chance to reduce his stake so as to meet the listing requirement..he is likley to sell as the 2 FCL to be given free plus 12cts dividend may support F& N shares..likley will cross $6 matter of time |
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FYI: $6 is only a minimum line.
I already have the value of 1 F& N + 2 FCL in mind. I will not speak off, as it up to different people holding 1 F& N & 2 FCL to decide, at what time is best and most appropriate to sell. It can stretch way further than $6, depends on how you strategize these 3 stocks @ what time.
Kindly note all my information is used as reference, & not to be used in anybody buy or sell.
He must reduce stake in order for FCL to be listed.
It is a rule in SGX, which he must follow if he want to list FCL.
Surely, his stake is already reduced to 88%. As SGX already approved listing of FCL.
Do i need to clarify further :)
starlene ( Date: 17-Nov-2013 20:19) Posted:
Hi Metaltrader..do u think the Chaoren is taking this chance to reduce his stake so as to meet the listing requirement..he is likley to sell as the 2 FCL to be given free plus 12cts dividend may support F& N shares..likley will cross $6 matter of time
MetalTrader ( Date: 17-Nov-2013 19:40) Posted:
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Hi Metaltrader..do u think the Chaoren is taking this chance to reduce his stake so as to meet the listing requirement..he is likley to sell as the 2 FCL to be given free plus 12cts dividend may support F& N shares..likley will cross $6 matter of time
MetalTrader ( Date: 17-Nov-2013 19:40) Posted:
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