Sakari   

Straits Asia

oh, I am running out of salt, must go and buy first before i read the report.

SGG_SGG      ( Date: 21-Apr-2011 08:47) Posted: I'm not saying Straits ASia's gonna hit $3 or $5 but..... DOn't trust analystS! Always opposite.. well almost always..  Read them with a bucket of salt! hlfoo2010      ( Date: 21-Apr-2011 00:59) Posted:   SELL   Golman Sachs    downgradeeeeeeeeeee

 

Nooooo, there are good ones or twos or fours.

Hope all in this forum here can make somes lah for durians    

SGG_SGG      ( Date: 21-Apr-2011 08:47) Posted: I'm not saying Straits ASia's gonna hit $3 or $5 but..... DOn't trust analystS! Always opposite.. well almost always..  Read them with a bucket of salt! hlfoo2010      ( Date: 21-Apr-2011 00:59) Posted:   SELL   Golman Sachs    downgradeeeeeeeeeee

 

I'm not saying Straits ASia's gonna hit $3 or $5 but..... DOn't trust analystS! Always opposite.. well almost always..  Read them with a bucket of salt!

hlfoo2010      ( Date: 21-Apr-2011 00:59) Posted:   SELL   Golman Sachs    downgradeeeeeeeeeee  catalyst      ( Date: 21-Apr-2011 00:30) Posted: Wow, impressive FA bro. Salute and Thanks

 

  SELL   Golman Sachs    downgradeeeeeeeeeee 

catalyst      ( Date: 21-Apr-2011 00:30) Posted: Wow, impressive FA bro. Salute and Thanks. citrus      ( Date: 20-Apr-2011 23:12) Posted: Well I am vested(went in the week after tsunami when market stabilised) n pretty satisfied with its 1Q. I expected profit to DOUBLE, but it unfortunately QUADRUPLED instead. Oh dear. Goldman's analyst is either supremely dumb or he was ordered by his house trader to write a bearish report to depress the shareprice so that Goldman could accumulate the shares cheaply just before they start going up like a rocket. Last time Goldman had a sell on kepcorp n target price of $3.20. What happened after that? Goldman said SAR is a sell cos of high PER, but SAR has a high PER for a reason---becos the market knows this year, we may see a big jump in profit. Market is discounting forward. Actually the PER of SAR for 2011 is abt 10X only or even less. Next 2Q is likely to be just as strong or even show a FURTHER increase in profit as the Sebuku ramps up n SAR sells n gets higher ASPs for the rest of its coal, barring no unforseen disasters. Remember that PTT has just paid cash for a further 25% of SAR at S$2.69--after buying their first 20% at $0.80+ at the low of the subprime crisis. Obviously PTT thinks SAR is DIRT CHEAP at this price, in complete opposition to Goldman. They paid CASH for SAR at S$2.69.....what more an optimistic gesture do u want? Warren Buffet must buy also isit???? With a 60% payout ratio, n based on 4 quarters of earnings(later Qs may be stronger seasonally), SAR could well make abt S$0.20+, n thus be able to pay 12cts in dividends. That's not too bad. So when they change their name to Tiger Energy, at least it will be done on decent earnings n dividend. Plus potential for even further increases in production as they open up the northern leases. Clean coal has its place as an energy source, esp after nuke is dead now in SEAsia n china n japan. I read from BT that Tuas Energy is presently building a $2Billion coal/biomass plant in singapore, first of its kind. LNG has its place but needs expensive pipelines or liquification for transport. Both release CO2 when burnt. Clean coal can scrub its exhaust for smog, we can't do much abt CO2, same as for LNG. But CO2 is better than radiation anytime, and there is growing dispute from hundreds of prestigious scientists that manmade global warming claims based on CO2 promoted mainly by the UN, NASA and alternative energy coys are scientifically fraudulent n intellectually dishonest. Previously the reserves of SAR were 1.4B tons of coal. This works out to 1.4B X US$80-90 of coal as their reserves. That's more than US$100B+ of coal. The market cap of SAR is abt S$2.6B, on abt 1B shares. Oh yes, if earnings go up from here, it's possible there may be a BONUS ISSUE like 1 for 1 to increase the number of shares to enable more ownership, cos 1B shares is a bit too small. Like kepcorp n sembmar have abt 2B shares each. I see this as possibly one of the best performing stocks of 2011, with the potential to go above $5 eventually if the general market does not collapse

 

Wow, impressive FA bro.

Salute and Thanks.

citrus      ( Date: 20-Apr-2011 23:12) Posted: Well I am vested(went in the week after tsunami when market stabilised) n pretty satisfied with its 1Q. I expected profit to DOUBLE, but it unfortunately QUADRUPLED instead. Oh dear. Goldman's analyst is either supremely dumb or he was ordered by his house trader to write a bearish report to depress the shareprice so that Goldman could accumulate the shares cheaply just before they start going up like a rocket. Last time Goldman had a sell on kepcorp n target price of $3.20. What happened after that? Goldman said SAR is a sell cos of high PER, but SAR has a high PER for a reason---becos the market knows this year, we may see a big jump in profit. Market is discounting forward. Actually the PER of SAR for 2011 is abt 10X only or even less. Next 2Q is likely to be just as strong or even show a FURTHER increase in profit as the Sebuku ramps up n SAR sells n gets higher ASPs for the rest of its coal, barring no unforseen disasters. Remember that PTT has just paid cash for a further 25% of SAR at S$2.69--after buying their first 20% at $0.80+ at the low of the subprime crisis. Obviously PTT thinks SAR is DIRT CHEAP at this price, in complete opposition to Goldman. They paid CASH for SAR at S$2.69.....what more an optimistic gesture do u want? Warren Buffet must buy also isit???? With a 60% payout ratio, n based on 4 quarters of earnings(later Qs may be stronger seasonally), SAR could well make abt S$0.20+, n thus be able to pay 12cts in dividends. That's not too bad. So when they change their name to Tiger Energy, at least it will be done on decent earnings n dividend. Plus potential for even further increases in production as they open up the northern leases. Clean coal has its place as an energy source, esp after nuke is dead now in SEAsia n china n japan. I read from BT that Tuas Energy is presently building a $2Billion coal/biomass plant in singapore, first of its kind. LNG has its place but needs expensive pipelines or liquification for transport. Both release CO2 when burnt. Clean coal can scrub its exhaust for smog, we can't do much abt CO2, same as for LNG. But CO2 is better than radiation anytime, and there is growing dispute from hundreds of prestigious scientists that manmade global warming claims based on CO2 promoted mainly by the UN, NASA and alternative energy coys are scientifically fraudulent n intellectually dishonest. Previously the reserves of SAR were 1.4B tons of coal. This works out to 1.4B X US$80-90 of coal as their reserves. That's more than US$100B+ of coal. The market cap of SAR is abt S$2.6B, on abt 1B shares. Oh yes, if earnings go up from here, it's possible there may be a BONUS ISSUE like 1 for 1 to increase the number of shares to enable more ownership, cos 1B shares is a bit too small. Like kepcorp n sembmar have abt 2B shares each. I see this as possibly one of the best performing stocks of 2011, with the potential to go above $5 eventually if the general market does not collapse

 

That's why its call Goldman Sucks lor.

 

Straits Asia: Announced strong set of 1Q11 results, at the high end of analysts’ estimates. Rev at US$213.7m, +39% YoY and +3.1% QoQ, while Net Profit at US$41.4m, +269% YoY and +35.4% QoQ. Strong performance attributed to increased coal production and slight increase in ASP, as grp’s both mines increased production, assisted by lower then average rainfall. ASP at $82.16/ton, +14.7% YoY and +8.7% QoQ, but way below international prices of US$115-144/ton throughout 1Q11….

Gross Profit Margins for 1Q11 expanded to 34% vs 20% YoY as cash costs / ton fell on back of improved contract rates from PAMA, and lower strip ratios in both mines. Topping off a very successful qtr, the new line 2 load-out at Jembayan loaded its first coal barges at end of Mar, which will mitigate effects of cost pushes in other areas of operations as the line ramps up and the use of temporary load out facilities is discontinued....

Moving forward, grp remains upbeat on prospects with Jembayan mines tipped to reach another yr of record production in FY11, with positive progress towards the issue of licence for the Northern Leases at Sebuku. Cash costs of mining are however expected to increase due to expected higher fuel prices and increase in Jembayan’s strip ratio to its annual target. Coal prices will still be driven mainly by import demands from India and China and are expected to remain at or about current levels.

We note that at current price valuations are undemanding, with grp trading at an annualized 14.1x FY11E P/E vs its historical average of 24x. Macquarie maintain O/P with $3.40 TP, UBS maintains Buy with $3.40 TP, while Goldman Sachs maintains Convited Sell Call with $2.00 TP, despite stellar qtr performance.

 

Well I am vested(went in the week after tsunami when market stabilised) n pretty satisfied with its 1Q. I expected profit to DOUBLE, but it unfortunately QUADRUPLED instead. Oh dear.

Goldman's analyst is either supremely dumb or he was ordered by his house trader to write a bearish report to depress the shareprice so that Goldman could accumulate the shares cheaply just before they start going up like a rocket. Last time Goldman had a sell on kepcorp n target price of $3.20. What happened after that?

Goldman said SAR is a sell cos of high PER, but SAR has a high PER for a reason---becos the market knows this year, we may see a big jump in profit. Market is discounting forward. Actually the PER of SAR for 2011 is abt 10X only or even less.

Next 2Q is likely to be just as strong or even show a FURTHER increase in profit as the Sebuku ramps up n SAR sells n gets higher ASPs for the rest of its coal, barring no unforseen disasters.

Remember that PTT has just paid cash for a further 25% of SAR at S$2.69--after buying their first 20% at $0.80+ at the low of the subprime crisis. Obviously PTT thinks SAR is DIRT CHEAP at this price, in complete opposition to Goldman. They paid CASH for SAR at S$2.69.....what more an optimistic gesture do u want? Warren Buffet must buy also isit????

With a 60% payout ratio, n based on 4 quarters of earnings(later Qs may be stronger seasonally), SAR could well make abt S$0.20+, n thus be able to pay 12cts in dividends. That's not too bad.

So when they change their name to Tiger Energy, at least it will be done on decent earnings n dividend. Plus potential for even further increases in production as they open up the northern leases.

Clean coal has its place as an energy source, esp after nuke is dead now in SEAsia n china n japan. I read from BT that Tuas Energy is presently building a $2Billion coal/biomass plant in singapore, first of its kind.

LNG has its place but needs expensive pipelines or liquification for transport. Both release CO2 when burnt. Clean coal can scrub its exhaust for smog, we can't do much abt CO2, same as for LNG. But CO2 is better than radiation anytime, and there is growing dispute from hundreds of prestigious scientists that manmade global warming claims based on CO2 promoted mainly by the UN, NASA and alternative energy coys are scientifically fraudulent n intellectually dishonest.

Previously the reserves of SAR were 1.4B tons of coal. This works out to 1.4B X US$80-90 of coal as their reserves. That's more than US$100B+ of coal. The market cap of SAR is abt S$2.6B, on abt 1B shares. Oh yes, if earnings go up from here, it's possible there may be a BONUS ISSUE like 1 for 1 to increase the number of shares to enable more ownership, cos 1B shares is a bit too small. Like kepcorp n sembmar have abt 2B shares each.

I see this as possibly one of the best performing stocks of 2011, with the potential to go above $5 eventually if the general market does not collapse

 

Might hit to clear at least 2.80 in  this cycle.

Stay tuned.

 

 

Straits Asia Resources: BUY S$2.56 Bloomberg: SAR SP
Strong start to the year
Price Target : 12-Month S$ 2.92
By: Suvro SARKAR +65 6398 7973

·                 1Q11 net profit of US$41m beat expectations, driven by
  lower-than-expected strip ratios and cash costs at both mines

·                 However, strip ratios will rise in line with mine plans, and we are
  retaining FY11F EPS estimate

·                 ASP trend remains positive maintain BUY and TP of S$2.92

Big jump in earnings. 1Q11 net profit of US$41.4m (+ 35% q-o-q, + 269%
y-o-y) beat expectations, as cash costs at both mines were
lower-than-expected driven by lower strip ratios and better rates from the
mining contractor. Sebuku volume rose 60% y-o-y to 0.3m tons following pit
preparation works in FY10, while Jembayan volume was stable and in line
with our FY11 estimate of 10m tons.

Achieves better ASPs in line with estimates. Given the higher prevailing
spot coal prices in 1Q11, SAR was able to achieve blended ASP of US$82.2/
ton in the quarter against US$75.5 in 4Q10. This is in line with
management’s guidance for US$80-85 for FY11. Given that 50% of FY11
production is expected to be index-linked – up from 35% in FY10 –, SAR’s
earnings are better leveraged to the expected sustained high coal price
environment this year (US$110-120/ton).

Maintain BUY, S$2.92 TP. 1Q11 net profit is 25% of our full-year estimate.
And while we had initially estimated better profitability for 2H11 than
1H11 premised on the expected award of the Northern Leases final permit and
the commencement of new loading facility at Jembayan, we conservatively
retain our FY11F earnings estimate. This is because we understand that cash
costs will rise from hereon as strip ratios normalise over the rest of the
year. But valuations still look cheap at 14x FY11 PE and 9x FY12 PE, given
expected 37% EPS CAGR over FY11-13F. Maintain BUY for improved execution,
strong growth prospects, and decent dividend yield.

//DBSV)

//**                       
Diversify your portfolio, invest in land and get a double returns in 4 to 5 years.     
Where?
http://www.youtube.com/watch?v=kMOvjDJeOuQ               
How?  
Msg(Contact) me here for details.    

 

well this stock is pretty cheap now with its current earning report. my friends believe it will crack 2.70 easily n will hit new high of 2.98 upon getting the license and over 3.20 by year end. Straits Asia will performed very well this year due to coal demand from japan n india. good luck. BOSAYOR

SGG_SGG      ( Date: 20-Apr-2011 09:19) Posted: Can't even hit 2.70.... bummer!

 

Beer company brings BIG business to Hospital, but not the  insurance companies.   

eplepl      ( Date: 20-Apr-2011 09:54) Posted: ha ha... maybe the story to tell u better to keep your family happy while u can and not when u die everybody is happy..... because of insurance.... insurance is selling fear when  u die who will be taking care of your family ? can money fulfill all requirement.... rather than spending time gambling/drinking maybe u can spend time with your family.....cos the casino and beer company will not remember u !   KIMPEK      ( Date: 19-Apr-2011 15:22) Posted: If he don't die, but half dead .. he will know the important of Insurance... Just my view onl

 

ha ha... maybe the story to tell u better to keep your family happy while u can and not when u die everybody is happy..... because of insurance....

insurance is selling fear when  u die who will be taking care of your family ?

can money fulfill all requirement....

rather than spending time gambling/drinking maybe u can spend time with your family.....cos the casino and beer company will not remember u !

 

KIMPEK      ( Date: 19-Apr-2011 15:22) Posted: If he don't die, but half dead .. he will know the important of Insurance... Just my view only gambler      ( Date: 19-Apr-2011 10:21) Posted: A man in Singapore explained why he refused to buy life insurance, " When I die I want it to be a sad day for everybody" .

 

He still not die yet,right,   so make every body happy lah??? joking|||||||||||

gambler      ( Date: 19-Apr-2011 10:21) Posted: A man in Singapore explained why he refused to buy life insurance, " When I die I want it to be a sad day for everybody" .

 

Can't even hit 2.70.... bummer!

 

Straits Asia

1)Record quarterly profit after tax of $41.4m (Q1 2010: $11.2m), 269% increase
YoY
2)Sebuku’s momentum continues into Q1 2011 with 394kt of production up 61%
...YoY (Q1 2010 244 kt)
3) Jembayan signals good start to 2011 with production of 2.4Mt up 15% YoY (Q1
2010 2.1Mt)

 

Positive news for SA

 

If he don't die, but half dead .. he will know the important of Insurance... Just my view only

gambler      ( Date: 19-Apr-2011 10:21) Posted: A man in Singapore explained why he refused to buy life insurance, " When I die I want it to be a sad day for everybody" .

 

A man in Singapore explained why he refused to buy life insurance, " When I die I want it to be a sad day for everybody" .

 

Wait for price to hit the 200MA before accumulating.

Good Friday holiday coming up, I am going to spend my coming long weekend peacefully.

Good Luck. 

:p 

 

Date		Price		Price Call	Source
06/04/11		2.91		BUY	OCBC
18/04/2011		2		SELL	Golman Sachs
18/03/2011		2.92		BUY	DBS Vickers
15/03/2011		3.55		BUY	IIFL