The Trading Floor - July 2014

Discussion in 'The Trading Floor' started by nottibird, Jul 1, 2014.


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  1. Amator

    Amator Well-Known Member

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  2. krobuse

    krobuse Well-Known Member

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    yes, esp since dow is now -207,,,,!!!....something not too good...sit tight,...hope all torpedoes and periscopes ready...
     
  3. nottibird

    nottibird Moderator

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    When I was a nudebee, I thought good results definitely means people will hew hew rush in to buy the stock frenzily.
    After having paid tuition fees many times that I came to know good results does not necessarily mean the stock
    will cheong and bad results also does not necessarily mean the stock will plunge. The good results could have been
    factored into the price ler...such that we may get a SELL ON NEWS of the good results instead. Only the monkey
    knows. Coz only the monkey has enough money to determine which way the price should go. And the price WILL
    go in the direction so determined by the monkey. No IFs no BUTs.
     
  4. Amator

    Amator Well-Known Member

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    Singapore Exchange, operator of Southeast Asia’s biggest bourse, said fourth-quarter profit fell 12% from a year earlier as share trading volumes shrank following a penny-stock rout.

    Profit dropped to $77.4 million in the three months ended June 30 from $87.6 million a year earlier, the company known as SGX said in a statement today. That compares with the average forecast of $74 million by five analysts polled by Bloomberg. Operating revenue fell 15% to $172.6 million from a year earlier.

    The exchange’s third straight decline in quarterly profit came as trading volumes decreased after a slump in the share prices of three commodity companies erased US$6.9 billion ($8.6 billion) in market value over three days in October. Stock trading on the Singapore bourse dropped 30% to a daily average of $1.12 billion in the three months through June 30 from a year earlier, after slumping 37% in the previous quarter, according to data compiled by Bloomberg.

    “We expect our securities business to recover from a tough fiscal year 2014 as volatility normalizes from the lows we had experienced in the past year,” SGX said in a statement today. “We remain committed to our long term growth strategies. In the coming year, we will continue to build upon our recent successes in developing new products and services, and in expanding distribution.”

    The Board of Directors of Singapore Exchange Limited is recommending a proposed final dividend of 16.0 cents per ordinary share for the financial year ended 30 June 2014.
     
  5. Amator

    Amator Well-Known Member

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    United Overseas Bank, Southeast Asia’s third-largest lender, posted its highest quarterly profit in eight years on higher loan growth and gains from investments.

    Net income rose 3.2% to $808 million for the three months ended June 30 from $783 million a year earlier, the company said in a statement to the Singapore stock exchange today. That beat the S$764 million average of six analysts’ estimates compiled by Bloomberg.

    UOB’s second-quarter net interest income, the difference between what it earns on loans and pays on deposits, climbed 11% to $1.12 billion from a year earlier.

    Loans expanded 12% in the period to S$189.7 billion. The growth was “broad based across territories and industries,” UOB said in the statement. Its net interest margin, a measure of lending profitability, was unchanged from a year earlier at 1.71%.

    Banks in Singapore had an average net interest margin of 1.75%, the lowest in Southeast Asia, according to latest filings compiled by Bloomberg. Indonesia had the highest average of 5.63%, the data show.

    Provisions it set aside for sour debt doubled from a year earlier to S$150 million amid “non-performing accounts in Thailand and Singapore,” the bank said. Its non-performing loans ratio was unchanged from a year earlier at 1.2%.

    Fees and commissions declined 6% from a year earlier to $410 million. Other non-interest income surged 83% to $350 million as UOB made gains on its investments.

    The net income reported by UOB today is the most since the S$1.1 billion the bank posted for the second quarter of 2006, which included one-time gains from a special dividend and from selling investments.
     
  6. Amator

    Amator Well-Known Member

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    shd be 19/8 .....
     
  7. nottibird

    nottibird Moderator

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    To: All Shareholders
    The Board of Directors of United Overseas Bank Limited wishes to make the following announcement:

    Unaudited Financial Results for the First Half/Second Quarter Ended 30 June 2014
    Details of the financial results are in the accompanying Group Financial Report.
    Dividends and Distributions
    Ordinary share dividend

    An interim one-tier tax-exempt dividend of 20 cents (2Q13: 20 cents) per ordinary share has been declared
    in respect of the financial year ending 31 December 2014. The dividend will be paid in cash on
    28 August 2014. The UOB scrip dividend scheme will not be applied to the interim dividend.
    Notice is hereby given that the Share Transfer Books and Register of Members of the Bank will be closed
    from 21 August 2014 to 22 August 2014, both dates inclusive, for the preparation of dividend warrants.
    Registrable transfers received by the Bank’s Registrar, Boardroom Corporate & Advisory Services Pte Ltd at
    50 Raffles Place, Singapore Land Tower #32-01, Singapore 048623 up to 5.00 pm on 21 August 2014 will
    be registered for the interim dividend. In respect of ordinary shares in securities accounts with The Central
    Depository (Pte) Ltd (“CDP”), the interim dividend will be paid by the Bank to CDP which will, in turn,
    distribute the dividend to holders of the securities accounts.

    Preference share dividend

    No dividend (2Q13: Nil) was paid on the 5,000 non-cumulative non-convertible guaranteed SPV-A
    preference shares issued by the Bank’s wholly-owned subsidiary, UOB Cayman I Limited, during
    the second quarter of 2014 as dividends are payable semi-annually in March and September.
    Capital securities distributions

    On 19 May 2014, a semi-annual distribution at an annual rate of 4.75% totalling S$12 million was paid on
    the Bank’s S$500 million 4.75% non-cumulative non-convertible perpetual capital securities for the period
    from 19 November 2013 up to, but excluding, 19 May 2014.

    Interested Person Transactions

    The Bank has not obtained a general mandate from shareholders for Interested Person Transactions.

    Confirmation by Directors

    The Board of Directors hereby confirms that, to the best of its knowledge, nothing has come to its attention
    which may render the unaudited financial results of the Group for the first half/second quarter ended
    30 June 2014 to be false or misleading in any material aspect.

    BY ORDER OF THE BOARD
    UNITED OVERSEAS BANK LIMITED
    Mrs Vivien Chan
    Secretary
    Dated this 31st day of July 2014

    -----------------------------------------------------------

    So it means XD is on 21 Aug 2014 ??? aa-5.gif
     
  8. nottibird

    nottibird Moderator

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    UOB Group First Half 2014 Earnings Rose 6% to S$1.60 billion
    *******
    Record Profits Driven by Strong Loan Growth;
    Robust Capital and Funding Position
    SINGAPORE, 31 July 2014 – The UOB Group (“Group”) delivered strong net earnings of
    S$1.60 billion for the first half of 2014 (“1H14”), an increase of 6.1% from the first half of 2013
    (“1H13”). Operating profit rose 10.6% to S$2.09 billion, led by strong loan growth and higher
    investment gains.
    For the second quarter of 2014 (“2Q14”), the Group reported net earnings of
    S$808 million. This was 3.2% higher than the second quarter of 2013 (“2Q13”) and an
    increase of 2.5% over the first quarter of 2014 (“1Q14”).
    The Group grew its loan base by 2.4% in 2Q14 and 11.7% year-on-year to reach S$193 billion
    as at 30 June 2014. Asset quality continued to stay healthy with a low non-performing loan
    (“NPL”) ratio of 1.2% and strong impairment coverage of 149%. The Group’s liquidity and
    funding positions remained sound through prudent balance sheet management.
    The Board has declared an interim cash dividend of 20 cents per ordinary share. The scrip
    dividend scheme will not be applied to the interim dividend.

    CEO’s statement
    Mr Wee Ee Cheong, UOB Group’s Deputy Chairman and Chief Executive Officer, said, “We
    are pleased with the Group’s healthy results, with our second quarter building on the strong
    performance achieved in the first quarter. This demonstrates our continued focus on
    generating steady growth backed by disciplined risk management and a strong balance sheet.
    “We continued to strengthen our capital position and to diversify funding sources during the
    quarter. Our S$500 million Basel III Tier 2 bond was well received by investors. We also
    increased our US commercial paper programme limit from US$10 billion to US$15 billion and
    successfully raised more than S$12 billion of short-term funds as at end-June.
    “Despite the moderating growth in Asia in the near term, we believe in the region’s long-term
    potential. We continue to invest in our regional capabilities for our customers as they seize
    opportunities in the region.”
     
    Last edited: Jul 31, 2014
  9. nottibird

    nottibird Moderator

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    By morning may see The Green Green Grass of Home instead.
    It happened so many times leow.
     
  10. krobuse

    krobuse Well-Known Member

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    wah,...dow fut red red, -117 leh,...why ah...???...
     
  11. nottibird

    nottibird Moderator

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    Ya. Sam's Kock. aa1.gif


    Picture - Dick10.jpg
     
  12. plutus2

    plutus2 Well-Known Member

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    SMM also leh

     
  13. nottibird

    nottibird Moderator

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    Zuolun's take is ENTIRELY based on TA and nothing else.
    So take it with a pinch of salt.
    Based on TA alone, his chart says UOB may hit somewhere above $25.00.
    We see got or not from tomorrow.
     
  14. nottibird

    nottibird Moderator

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    KepCorp
    Ezion
    Ezra
     
  15. krobuse

    krobuse Well-Known Member

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    all these crisis is propping up oil px, which is not good for sia ops,... but read that sia made $20M from oil hedge this Q,...
    that means sia bet correctly this time...

    who are those that will benefit with higher oil px....???...
     
  16. plutus2

    plutus2 Well-Known Member

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  17. nottibird

    nottibird Moderator

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    Ya. If their stand is there can be no peace until Israel is destroyed...then hard lah.
    The former Iranian President said something like .....Israel should be wiped off the face of the Earth.
    When you have a country's leader saying such things and that country is suspected of developing nuclear weapons,
    how can Israel not be worried and stand by and do nothing?
    When a leader of Hamas was assassinated, the new leader immediately called for the destruction of Israel in his first
    speech as the new Hamas leader. He said he would rather be killed by an Israeli missile than by cancer. Shortly after
    his appointment as the new leader, he was assassinated by Israeli snipers. After that assassination, Hamas changed
    their policy to not announcing their new leader.

    The former Iranian President is quite a joker. I saw on Youtube an interview by a US television network.
    When the former Iranian President was asked whether Osama Bin Laden was in Iran, he told the newsman
    he believes Osama Bin Laden is in the White House in Washington. aa2b.gif

    [video=youtube;9EorruzWn6s]http://www.youtube.com/watch?v=9EorruzWn6s[/video]
     
  18. krobuse

    krobuse Well-Known Member

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    Argentina Declared in Default by S&P as Talks Fail
    By Camila Russo and Katia Porzecanski Jul 31, 2014 10:10 AM GMT+0800
     
  19. krobuse

    krobuse Well-Known Member

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    good afternoon all...

    aviation sector seems to hv fallen into a long-kang,...and i believe most fundies are taking this opp to switch from sia, etc, into telco and property, banks, etc... sia brings sti down, but stel and others bring it back up,...mkt is being propped up temporary...???...

    dow peaked at over 17K last wk and has sinced dipped, and yet to cross 17K this week...us$ has strengthened quite a bit last few weeks...

    next to jagar is the stupid EBOLA virus,...just hope it is contained...if come to Asia,...jialat, lah...

    hope gaza crisis donch pull more parties in,...but hamas weapons need to be exterminated, no peace otherwise.... i saw an interview with a hamas leader,...he cannot accept israel as a state....sigh,....cockroach wanna take-out the mouse,...can ah?...
     
  20. nottibird

    nottibird Moderator

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    Click on the picture. An enlarged one will appear.
     
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