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Mr Yang normally anounce contract wins....together and not 1 by 1...
stay tune and ride the wave !
Oldbird ( Date: 24-Sep-2013 14:29) Posted:
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Vested long term
Hawkeye ( Date: 24-Sep-2013 13:50) Posted:
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BB and Stock Broking House make a pakat push up to subprise public so public enter then they will sell off to them.
We are their prey and their steak! Good Luck!
Yangzijiang no change still no Order soon will dry up next year. Bye Bye
moneycow ( Date: 24-Sep-2013 13:21) Posted:
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New contact win ?
Thought Mr Samson last week say - USD$3.6 BILLION contract ? $3600,000,000 ?
Today he warn about profit taking in the afternoon which is not correct till this moment.
...............Samson sold already ?
china drop - 32 points
hong kong drop -248 points
becarefull after Lunch profits taking coming .
Becarefull profits taking coming .
China drop -18 points
hong kong drop -145 points
samson ( Date: 23-Sep-2013 23:14) Posted:
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Fed's Lockhart: The U.S. economy lost some momentum
sourec: Sina Finance YORK September 23 evening news,
Atlanta Fed President Lockhart said on Monday that the U.S. economy is losing some momentum, which requires creative leaders to help regain growth momentum.
Lockhart in New York, said the data showed the U.S. economy is slowing employment growth, fewer companies to increase their employees, less employee resigns in search of better job opportunities. In addition, labor productivity in recent quarters have also been weakened.
Lockhart said he believes the trend in productivity growth slowdown will be temporary, but he pointed out that many economists are more pessimistic about the economy's pace of innovation. He said the creation of the new company will eventually slow down.
Lockhart said the power loss is partly due to the recent recession and slow recovery concerns people. He was a review of monetary policy, except to say that the Fed " can help provide modest favorable interest rate environment to stimulate faster economic recovery," and help other policy decisions take effect. (Iron)
The EDGE Weekend Comment Sept 20
Centurion offers steady growth for investors By Chan Chao Peh While investors worry about the effects tapering can have on the market, there are the stocks of some companies that seem to remain impervious to what Ben Bernanke says. One such company is Centurion Corporation. The surging construction demand in Singapore, underpinned by multi-year public sector housing and infrastructure projects, means the armies of foreign workers will not go away anytime soon, even though the government has urged the sector to improve its productivity. Meanwhile, the existing 740,000 foreign workers still need a place to stay.
Today, there are only some 160,000 beds available within so-called purpose-built workers? dormitories, which has helped driven monthly rental up by 30%, notes DBS Vickers analyst Tan Ai Teng in a Sept 19 report. Centurion, Singapore?s only listed dormitory operator, now manages 18,000 such beds. The company is therefore in a good position to take advantage of this demand, notes Tan. He has initiated coverage on the company with a ?buy? call and target price of 77 cents. The company closed 0.5 cent higher to 59 cents on Friday, Sept 20. Centurion,
which earned $16 million on revenues of $65 million in FY12, is projected to grow its earnings to $35 million in the current FY13, on revenues of $64 million. Come FY15, earnings are likely to reach $39 million on revenue of $79 million, according to Tan. The growth will be boosted by not only rental increases, estimated at 5% per year, but also the additional capacity. ?Further acquisitions and higher than expected rent rates are potential upsides,? she writes. Centurion, which was previously known as SM Summit Holdings, traces its history back to 1981 as a manufacturer of data storage products. SM Summit was listed on the SGX in 1995. After a reverse takeover by Westlite Dormitory in 2011 for $85 million, it was transformed into the Centurion of today. Since the RTO, the company has grown the number of dorm beds it has from 5,300 to around 30,000 beds today. There is an additional 25,000 beds planned in total. Interestingly,
Centurion has retained the former core business of making optical disks. However, management has stated it has no further investment plans for this business. Following a one-off $3.9 million write-off of related assets, Tan believes the company will quit the optical disk business by 2016. Centurion now operates three dormitories in Singapore: Westlite Toh Guan, which has 4,836 beds, located on 60-year leasehold land with 45 years remaining the 8,600-bed Westlite Tuas, a temporary dormitory with 3.5 years remaining on its lease and Westlite Mandai, which is a 45%-owned joint venture with construction and property firm, Lian Beng. Ths dormitory, which has 4,750 beds, sits on a freehold site. By early next year, an additional 5,300 beds will be added to the capacity. Centurion is not only operating within Singapore. Since 2011, the company has expanded across the Causeway, with 11,000 beds across four different dormitories, which are used to house manufacturing industry workers. ?The key advantage of Centurion?s Malaysia dormitories is that they are able to house thousands of workers, which allows MNCs to consolidate all their foreign workers in one location, as opposed to housing them in separate smaller dormitories,? writes Tan. The company has plans to double this existing capacity to 23,000 by 2015 as existing developments are completed. Tan believes that Centurion, given its recurring income nature, should be compared to other local landlords, namely,
SingLandand UIC, both of which earns around 80% of their profit from rental income. SingLand and UIC are now valued by investors at 13.1 times and 13.4 times FY14 earnings respectively, while Centurion, at a slightly higher 14.4 times. Tan says Centurion?s slight premium is justifiable given the company?s better potential for earnings growth. Seen from another metric, Centurion has a price/earnings to growth ratio (PEG) of 0.4 times, compared to 1.1 times for SingLand and same as UIC?s 0.4 times. Tan?s target price of 77 cents implies a PEG of 0.52 times for FY14 ? putting Centurion in line with the average ratios of the other two landlord plays.
Hong Kong open drop -150 point
Yangzijiang strong support at $1.06 for today
look Good
TODAY?S HEADLINE
TAPERING: FED SEEN PLAYING BAIT
‐ AND‐ SWITCH GAMEThe Dow surged to as high as 15,700 a
Bernanke's apparent change of heart on the
gradual retreat from quan
Reserve president James Bullard said that the decision not to taper
was a " close call" , adding that he would not be surprised if the board
made its move at the next mee
Bernanke both noted that the swing vote in the policy
board's decision would go to economic data.
That raises the stakes on data this week, which include reports on
factories, home prices and home sales. The housing market data is
par
largely because of weak July home
The housing market is s
consumer economy, providing employment, a store of wealth, and a
market for raw and processed goods.
The Fed's assump
would almost certainly be repeated in the case of a taper" had
crimped demand for homes and cost builders their jobs. If this
week's reports show that home prices con
that demand for new homes revived in August, the Fed board might
feel more con
central bank support in six weeks. With the seasonal strength of the
market in the fourth quarter, the outlook should be bright for stocks.
One reason to expect more vola
communica
Dissenters such as Dallas Federal Reserve president Richard Fisher
insist that Mr Bernanke presides over a uniquely civil, non
data
be done with s
per cent. With unemployment now at 7.3 per cent and the
gradual
retreat not yet even begun, this now looks unlikely.
soucre : AmFraser Securities