Post Reply
361-380 of 428
Hmmm.... So anyone knows why it go south ? Good time to pick up ?
Cheers
Yes...
One must really do the homework (hard work)...
I suppose the easiest way is to get stock tips in a forum... :)
hmm...wouldn't buy just yet.
This stock is rather predictable and stable (enjoyable play) for the simplest form of TA...
Just obey the major trend lines and your chances of making $$$ are good.
Charts seem to show it is bearish, oversold, but might soon present buy opportunity.
solid bluechip ......news from Reuters:
SINGAPORE, May 11 (Reuters) - Soft drinks firm Fraser & Neave (F&N) (FRNM.SI: Quote, Profile , Research), which brews Tiger beer and owns shopping malls, on Friday reported a 80.3 percent rise in second-quarter net profit thanks to strong property sales.
The Singapore-based group -- in which state investor Temasek Holding [TEM.UL] bought a 15 percent stake in December -- said second-quarter net profit rose to S$104 million ($68.4 million), compared to S$57.7 million in the same period a year ago.
Quarterly revenue was up 30.9 percent to S$1.1 billion. Property sales rose 40 percent, after the firm fully sold two luxury residential developments by the end of March this year.
The firm also declared an interim dividend of 5 Singapore cents per share, to be paid on June 15.
F&N and Dutch brewer Heineken (HEIN.AS: Quote, Profile , Research) jointly own Tiger beer maker Asia Pacific Breweries (APBB.SI: Quote, Profile , Research).
On the chart, this counter looks so precarious to me...
as though it is hanging by one hand on a tree branch...
but don't take me too seriosuly, though... :)
Interesting to note at 0908hrs, a transation of 8056 lots done at 4.848.
F&N seems to be moving up though on very low vols.
DBS Vickers said it has resumed coverage on Fraser & Neave (F&N) with a "buy" call and a target price of 6.00 sgd in view of the earnings boost from the buoyant property market and the cash boost from Temasek to fund growth in its food and beverage business.
"We project the group's earnings to grow by 17 pct and 20 pct in 2007 and 2008, underpinned by its property segment," the brokerage said in a note.
DBS said it forecasts net profit for the group at 374.2 mln sgd and 451.3 mln sgd for the year to September 2007 and 2008 respectively.
It said the group will likely benefit from the property uptrend with its existing and upcoming projects in Singapore at St Thomas Walk, Sinaran Drive and Kim Yam sites in 2007 and 2008, while its regional land bank of 25 mln square feet of net saleable area will provide further contribution in the longer term.
As for its F&B business, DBS Vickers said F&N could potentially have access to up to 1.8 bln sgd in funds when fully geared for its F&B business, after Temasek Holdings subscribed for 14.9 pct of its new shares at 4.38 sgd, raising 900 mln sgd in cash.
"We think the group will embark on mergers and acquisitions, possibly looking at companies it already has an interest in, such as China Dairy Group, Vinamilk, Kingway Brewery Holdings," DBS Vickers said.
"We project the group's earnings to grow by 17 pct and 20 pct in 2007 and 2008, underpinned by its property segment," the brokerage said in a note.
DBS said it forecasts net profit for the group at 374.2 mln sgd and 451.3 mln sgd for the year to September 2007 and 2008 respectively.
It said the group will likely benefit from the property uptrend with its existing and upcoming projects in Singapore at St Thomas Walk, Sinaran Drive and Kim Yam sites in 2007 and 2008, while its regional land bank of 25 mln square feet of net saleable area will provide further contribution in the longer term.
As for its F&B business, DBS Vickers said F&N could potentially have access to up to 1.8 bln sgd in funds when fully geared for its F&B business, after Temasek Holdings subscribed for 14.9 pct of its new shares at 4.38 sgd, raising 900 mln sgd in cash.
"We think the group will embark on mergers and acquisitions, possibly looking at companies it already has an interest in, such as China Dairy Group, Vinamilk, Kingway Brewery Holdings," DBS Vickers said.
Low volumes and generally inconsistent too.
TA people should avoid. Also, I think this counter is on a downtrend.
TA people should avoid. Also, I think this counter is on a downtrend.
CD is Feb 07.
Most likely will see significantly up only near then.
Can consider band trading at the moment. Like you, I cleared mine yesterday at pre-open but din manage to pick when hit low. Down happened too fast so missed the boat.
Will try again when weakness come again but will not chase it if it go higher.
If F&N hits 4.36 once more tomorrow it will be very dicey for this counter. If 4.34 is touched, it may follow through.
the weakness is apparent... I am out of this one already.
4.36 is the support... it bounced on the support again too soon... this doesn't seem very promising to me...
share price drop to 4.38 the same price as Temasek is paying.
perhaps is good to go in?
perhaps is good to go in?
Fraser and Neave Ltd (F&N) has placed
out 900 mln-worth of shares, equivalent to a stake in the company of
14.9 pct, to state-linked investment firm Temasek Holdings.
shit missed the boat again!!! each shares were placed out at 4.38 sgd each.
shit missed the boat again!!! each shares were placed out at 4.38 sgd each.
Singapore's F&N places out 900 mln sgd-worth of shares to Temasek Holdings!!
no update from SGX.
still pending for news release
trading halt again.
Any news to share?