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| Straits Asia - Accumulating on Weakness |
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Macquarie is pleased to list the following warrants today:
Call warrant SingTelMBLeCW100406 (JP7W) exercise price $3.00.*
Call warrant StraitsAMBLeCW100406 (JP6W) exercise price $2.00.*
In view of the recent share price movements in SingTel and Straits Asia, Macquarie is listing new warrants over the two stocks today. Both companies had been in the news recently: Straits Asia for its 3Q09 results and SingTel for its increased stake in Bharti Telecom. With regard to Straits Asia’s 3Q09 results, Macquarie Research Equities published a note on Straits Asia Resources on November 2, reiterating its Outperform recommendation and the reasons they would accumulate the stock with a 12-month view… more
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starlene ( Date: 04-Nov-2009 16:19) Posted:
| Particulars : |
THIRD INTERIM USD 0.0205 TAX EXEMPT |
| Ex-date : |
8 Dec 2009 |
| Buy-In Last Cum Date : |
11 Dec 2009 |
| Record Date : |
10 Dec 2009 |
| Date Paid/Payable : |
23 Dec 2009 |
Worth collecting from $1.80-$1.86 |
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| Particulars : |
THIRD INTERIM USD 0.0205 TAX EXEMPT |
| Ex-date : |
8 Dec 2009 |
| Buy-In Last Cum Date : |
11 Dec 2009 |
| Record Date : |
10 Dec 2009 |
| Date Paid/Payable : |
23 Dec 2009 |
Worth collecting from $1.80-$1.86
$1.76 is the short term supporting point .
Bintang ( Date: 31-Oct-2009 19:49) Posted:
This is a point at the lower trendline of the downtrend channel . It may or may not reach that point depends on its holding momemtum .
Peg_li ( Date: 31-Oct-2009 18:54) Posted:
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why at 1.76?
shall we say support at 2.00? |
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who enjoyed the roast pig ?
1.94 resistance? it will tested today as long as SSE cont'd to BULL and HSI's minor RED or better still BULL as well...forget abt NIKKEI ! :D
Bintang ( Date: 03-Nov-2009 11:31) Posted:
The mid-point at the previuos long black candle on 28/10 would be the short term resistance which is at $1.94 .
nickyng ( Date: 02-Nov-2009 10:43) Posted:
| well..as long as CrudeOil is hovering us$75~80...this burger will hv chance to break $2 soon... :P time will tell.... :) |
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nickyng ( Date: 03-Nov-2009 09:32) Posted:
wow...SAR now at 1.93...looks like today wanna break $2.01 should not be an issue ! :D
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The mid-point at the previuos long black candle on 28/10 would be the short term resistance which is at $1.94 .
nickyng ( Date: 02-Nov-2009 10:43) Posted:
| well..as long as CrudeOil is hovering us$75~80...this burger will hv chance to break $2 soon... :P time will tell.... :) |
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nickyng ( Date: 03-Nov-2009 09:32) Posted:
wow...SAR now at 1.93...looks like today wanna break $2.01 should not be an issue ! :D
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Its always big roasted PIG waiting for BB to short it down.
any chance of this burger going down to 1.81 again today?
It ain't over until the fat lady sing
nickyng ( Date: 03-Nov-2009 09:32) Posted:
wow...SAR now at 1.93...looks like today wanna break $2.01 should not be an issue ! :D
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wow...SAR now at 1.93...looks like today wanna break $2.01 should not be an issue ! :D
Shorting :) Zhou Yu Lets do it
cut the craps....see today's action on this burger u will know !! :P
Coal and fire is good for frying the bull cold frogs alive with sichuan chilli. This counter is gone case liao, Wait and see...
Jackpot2010 ( Date: 03-Nov-2009 00:19) Posted:
tmr will be hell for Shortists - with DOW hitting >140pt intra day high. Serve them right for playing with coal n fire! |
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I thought the Australian had sold off its stake to the Thai Government?
starlene ( Date: 02-Nov-2009 17:20) Posted:
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Straits Asia Resources-time to collect
With 47% own by its Australian parent the free float is about 579,203 shares available (53% 1,092,837),time to laod up,interim dividends declared again although the final dividend is in the mail :     Buy Straits Asia Resources at current price $1.90 and with dividend S$28 or USD 2.05cents payable 23Dec effective yield >2% within >1 month period ,worth buying. Bought $1.85-$1.86 this morning,2.05USD cents ie about S$ 28 payable Dec 23,after selling all SAR $2.20-$2.25 previously
starlene ( Date: 02-Nov-2009 17:05) Posted:
Buy Straits Asia Resources at current price $1.90 and with dividend S$28 or USD 2.05cents payable 23Dec effective yield >2% within >1 month period ,worth buying.
Bought $1.85-$1.86 this morning,2.05USD cents ie about S$ 28 payable Dec 23,after selling all SAR $2.20-$2.25 previously
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why hell?
Jackpot2010 ( Date: 03-Nov-2009 00:19) Posted:
tmr will be hell for Shortists - with DOW hitting >140pt intra day high. Serve them right for playing with coal n fire! |
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tmr will be hell for Shortists - with DOW hitting >140pt intra day high. Serve them right for playing with coal n fire!
crossing 1.90 hehe good luck
starlene ( Date: 02-Nov-2009 17:20) Posted:
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Straits Asia Resources-time to collect
With 47% own by its Australian parent the free float is about 579,203 shares available (53% 1,092,837),time to laod up,interim dividends declared again although the final dividend is in the mail : Buy Straits Asia Resources at current price $1.90 and with dividend S$28 or USD 2.05cents payable 23Dec effective yield >2% within >1 month period ,worth buying. Bought $1.85-$1.86 this morning,2.05USD cents ie about S$ 28 payable Dec 23,after selling all SAR $2.20-$2.25 previously
starlene ( Date: 02-Nov-2009 17:05) Posted:
Buy Straits Asia Resources at current price $1.90 and with dividend S$28 or USD 2.05cents payable 23Dec effective yield >2% within >1 month period ,worth buying.
Bought $1.85-$1.86 this morning,2.05USD cents ie about S$ 28 payable Dec 23,after selling all SAR $2.20-$2.25 previously
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3Q09 profit as expected-DBS VICKERS SECURITIES
• 3Q09 profit inline with estimate
• Infrastructure damage will affect FY10 volume and
earnings
• Recovery expected in 2011
• Maintain BUY with revise TP of S$2.89
3Q09 profit up 80% q-o-q. Revenue grew by 14% q-o-q to
US$200m on the back of higher sales volume (+24% q-o-q)
despite lower ASPs (-8% q-o-q). However, gross profit fell 11% qo-
q to US$27m due to higher production costs (+35% q-o-q) as
production output increased 38% to 2.6m tons. Unit cost
remained almost unchanged q-o-q. Bottom line was lifted by
85% q-o-q.
2009 sales volume remains on track. During the 9M09 period,
total sales volume already reached 6.4m tons (almost unchanged
from last year), on-track to achieve our FY09 estimate of 9m tons
(71% achievement).
Solid y-o-y performance Revenue increased 19% y-o-y to
US$515m, largely due to 21% y-o-y rise in ASP to US$81/ton.
Hence, gross margin increased by 600bps to 43%.
Going forward we expect gross margin to be flat as ASP in and
unit production costs will not experience any significant changes
compare to the 3Q09 figure.
Adjusting FY10 sales volume from Jembayan. Damage
conveyor in Jembayan mine will have little impact on FY09
production in our view. However, SAR’s production output for
2010 will be affected with Jembayan now operating at only 5.5m
tons capacity vs its previous load-out capacity of c.11m tons.
Having said that we reduced our FY10 volume estimates by 2m
tons to 10m tons, thus lowering FY10 earnings by 13% to
US$134mn. We retained our production estimates for FY11
onwards, as we expect the facility to be repaired and operating by
end of 2010. We expect sales volume in FY11 will grow to 15mn
tons.
Maintain BUY. Following the FY10 earnings adjustment, our
target price is revised to S$2.89, derived from DCF valuation with
assumed WACC of 10.7%, implying 17x FY10 PE. We remain
upbeat on the company’s outlook with additional tonnage of
reserves of Sebuku mine as the next catalyst
Straits Asia Resources-time to collect
With 47% own by its Australian parent the free float is about 579,203 shares available (53% 1,092,837),time to laod up,interim dividends declared again although the final dividend is in the mail :
Buy Straits Asia Resources at current price $1.90 and with dividend S$28 or USD 2.05cents payable 23Dec effective yield >2% within >1 month period ,worth buying.
Bought $1.85-$1.86 this morning,2.05USD cents ie about S$ 28 payable Dec 23,after selling all SAR $2.20-$2.25 previously
starlene ( Date: 02-Nov-2009 17:05) Posted:
Buy Straits Asia Resources at current price $1.90 and with dividend S$28 or USD 2.05cents payable 23Dec effective yield >2% within >1 month period ,worth buying.
Bought $1.85-$1.86 this morning,2.05USD cents ie about S$ 28 payable Dec 23,after selling all SAR $2.20-$2.25 previously
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Buy Straits Asia Resources at current price $1.90 and with dividend S$28 or USD 2.05cents payable 23Dec effective yield >2% within >1 month period ,worth buying.
Bought $1.85-$1.86 this morning,2.05USD cents ie about S$ 28 payable Dec 23,after selling all SAR $2.20-$2.25 previously
