Sakari   

Sakari

Any reason for that/

 

is going to fall back below $2.40 ...

 

Still 2.45

 

Singapore Research Team

·                                Bottoming signalsfrom 4Q11 results

·                                Liquidity firedrally to take a breather

·                                Re-rating catalystshinge on upside in economic growth and earnings
  upgrades

·                                Market to rangetrade. Focus on sectors with earnings upside potential -
  Oil & Gas  - and switch from Property to REITS. Avoid Transport-related
  stocks


Bottoming signals but modest growth will cap upside.  Excluding revaluation
gains from property sector, 4Q11 grew 15% q-o-q (but down 9% y-o-y),
signaling a potential bottoming of earnings cuts.  FY11 net earnings
declined by 4%. Overall, we cut FY12F earnings by 1.8%, leading to mediocre
earnings growth of 6% in FY12F, but growth is expected to accelerate to13%
in FY13F.

Valuation has normalised, potential upside hinges on earnings upgrades.
YTD, STI has risen 13% as fears of the Euro crisis recede following
liquidity injection by ECB via LTROs. At 2992 currently, STI’s  P/BVhas
reverted to mean while PE is 13.6x (FY12F) or -0.3SD.  In the absenceof
earnings upgrades, coupled with rising oil prices which pose risks to
economic recovery, the market is likely to take a much needed breather.
However, market undertone is firm, with support lifted to 2700 or -1 SD
(from 2500 at -1.5SD) and a potential upside to 3145 based on average PEof
14.3x, and pending earnings upgrades.


Switch from Property to S-REITS. Property stocks have risen by 26% YTDand
valuation for developers has normalised to -0.5SD discount to historical
mean.  Conversely, S-REITS have underperformed, yield spread against10
year bond is at 560bps, close to -1SD vs historical mean. Developers are
trading at 0.91x P/BV vs 0.84x for S-REITS and we expect trading interest
returning to the S-REIT sector. S-REITS are trading at a weighted average
FY12F yield of 7.1%. Our preference is for retail REITS which provide
earnings upside  - CMT and MCT.


Red hot oil.  While high oil prices pose downside risks for transport
stocks, beneficiaries are Oil and gas and Energy related stocks. HigherE& P
budgets fuelling the upward trend in rig utilisation rates will spur
contract flows for the sector. Our top picks for the energy sector areKepp
el (TP: S$12.34), STX OSV (TP: S$2.00), Ezion (TP$1.23) and Sakari
Resources (TP$2.70). In addition to earnings upside, these  stocksoffer
attractive dividend yield. Other picks that fall into this list are Venture
and Hutchison Port.

 

Good. It crosses 200MA, it should be on the way to the sky.

 

genting, genting, watchout for this, 2.47now!

genting^2      ( Date: 06-Mar-2012 14:48) Posted: If it reaches 2.20, i will accumulate more. accumulating now at 2.38

 

Game is over? Let's see....Be caution

 

If it reaches 2.20, i will accumulate more. accumulating now at 2.38

 

When will it stop falling? May be around $2.20???

 

AFP News – 7 hours ago

Oil prices ended slightly higher Monday as the leaders of US and Israel projected solidarity in Washington talks on confronting Iran but took care not to escalate tensions.

But a bearish revision of growth expectations in China also kept a cap on prices.

New York's main contract, light sweet crude for delivery in April, rose two cents from Friday's close to $106.72 a barrel.

Brent North Sea crude for April meanwhile rose 15 cents to $123.80 a barrel in London trade

 

Name of Announcer *	SAKARI RESOURCES LIMITED
Company Registration No.	199504024R
Announcement submitted on behalf of	SAKARI RESOURCES LIMITED
Announcement is submitted with respect to *	SAKARI RESOURCES LIMITED
Announcement is submitted by *	Graeme Tivey
Designation *	Company Secretary
Date & Time of Broadcast	14-Feb-2012 19:03:55
Announcement No.	00167

> > ANNOUNCEMENT DETAILS

The details of the announcement start here ...

<

Dividend Value	Payment Type	Dividend Type	Financial Year End	Dividend Number	Tax Exemption Clause
USD 0.0583 Per 1 Ordinary share	Payment Rate in Gross	Final	31/12/2011	14	The Dividend is Tax Exempt

Record Date *	07-05-2012
Record Time *	17:00
Date Paid/Payable (if applicable)	18-05-2012

Footnotes

The final dividend for 2011 of 5.83 US cents per share is subject to the approval of shareholders at the AGM.

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