The Trading Floor - July 2018

Discussion in 'The Trading Floor' started by Amator, Jun 30, 2018.


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  1. nottibird

    nottibird Moderator

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    Sis Sotong,

    On DBS, next week is crucial. Her charts for the last 3 years show that she rose in July, then dipped in August.
    Then recovered in September and traded higher.
    So if that rise in July dont happen or the rise comes but not high enough to get out, then what's next is a dip in
    August. If you are still holding, you will have to weather that downside to hold your positions long enough to see
    the recovery in September and thereafter.

    As for SingTel, foreign funds sold her and never came back. That's why her price never recovered. Last July, after
    she went XD, I did not cut my positions becoz I was hopeful of her finding a bottom at 3.50 and then recover from
    there back to the 3.90s for me to get out. But it didnt happen. As foreign funds sold and never came back, it was
    all up to our local funds and institutions to support the price. For an entire year from July 2017 to July 2018, I watched
    and observed the price action. And it told me just how weak the combined firepower of all our local funds and institutions
    are. Foreign funds were still selling over the last 12 months. So the stock just never had the chance to recover.

    Recently she found a bottom at 3.02 and then started to rebound for the current dividend play. High so far is 3.30. That's
    a bounce of 28 cts. Her XD is next Thu. Hope to see her cross above 3.30 to go higher in the next 3 sessions. I think this
    bounce is a window to cut higher. Even with dividend to support her price, she can bounce only so much. What more when
    she trades XD and there is nothing left to support her price?

    After XD, I expect her selling to resume. And in time she will revisit Last Low at 3.02. And break it to go lower. After XD on
    26 July, there is nothing to support her price until the next dividend payout of about 6.8 cts in December.
     
  2. sotong11

    sotong11 Well-Known Member

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    morning snipers...
    err...not really. mkt slow...tot only focus on dbs..n sinkie...
     
  3. nottibird

    nottibird Moderator

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  4. Amator

    Amator Well-Known Member

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    CMT 1H 2018 net property income up 3.7% year-on-year
    Distributable income up 2.5% year-on-year

    Singapore, 20 July 2018 – CapitaLand Mall Trust Management Limited (CMTML), the
    manager of CapitaLand Mall Trust (CMT), announced today that CMT has achieved net
    property income (NPI) of S$246.4 million for the period 1 January 2018 to 30 June 2018 (1H
    2018), an increase of 3.7% over the S$237.6 million for the same period last year (1H 2017).
    Distributable income for 1H 2018 was approximately S$199.0 million, 2.5% higher than 1H
    2017. Distribution per unit (DPU) was 5.59 cents, an increase of 2.0% over the DPU of 5.48
    cents for 1H 2017.

    For the period 1 April 2018 to 30 June 2018 (2Q 2018), distributable income was S$100.0
    million, an increase of 2.9% over the S$97.2 million for the same period last year (2Q 2017).
    DPU was 2.81 cents, 2.2% higher than the 2.75 cents for 2Q 2017.

    Based on CMT’s closing price of S$2.14 per unit on 19 July 2018, the annualised distribution
    yield for 2Q 2018 was 5.27%. With the Book Closure Date on 30 July 2018, Unitholders can
    expect to receive their DPU for 2Q 2018 on 29 August 2018.

    Mr Tony Tan, CEO of CMTML, said: “CMT overcame soft market conditions to deliver another
    set of stable results for 2Q 2018. Underpinned by our well-located shopping malls and
    proactive asset management, CMT’s portfolio occupancy remained resilient at 98.0% as at
    30 June 2018, well above the average market occupancy of 92.5%1.”

    “We continually evaluate initiatives to strengthen the appeal of our malls through asset
    enhancement. For instance, to improve shopper circulation at Westgate, a new mall entrance
    has been created at Level 1 and a new set of escalators connecting Level 1 and 2 will be
    added. We will also put up air-conditioned enclosure to the outdoor refreshment areas to
    enhance diners’ comfort. We target to complete these enhancement works by 4Q 2018.”
    “During the quarter, we completed the divestment of Sembawang Shopping Centre. The net
    sale proceeds have been used to repay existing borrowings, leading to improved financial
    flexibility for CMT and a lower gearing of 31.5% as at 30 June 2018.”


    upload_2018-7-20_7-1-1.png
     
  5. Amator

    Amator Well-Known Member

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    SINGAPORE (July 19): Keppel Corporation reported a 38% rise in 1H18 earnings to $583 million from $423 million a year ago as stronger contributions from the property and infrastructure divisions which more than offset losses incurred by the offshore & marine (O&M) and investments divisions.

    The O&M division incurred a net loss of $40 million for 1H18, compared to a net profit of $11 million a year ago, due mainly to lower operating results, lower share of associated companies’ profits, higher taxes in overseas operations, as well as the absence of gain from divestment of Keppel Verolme in 1H17.

    As at end June, the O&M division won new contracts worth over $1.2 billion, higher than the total value of new orders secured in FY17. The division continues to pursue new markets and opportunities in the areas of gas, floating infrastructure and offshore renewables.

    Keppel's 1H18 revenue of $2.99 billion was 7% higher than the $2.8 billion for 1H17. O&M and property revenues remained stable year-on-year while infrastructure revenue grew by 23% to $1.2 billion due to better sales in the power and gas businesses, as well as progressive recognition from the Keppel Marina East Desalination Plant project.

    For the first six months of 2018, the group achieved an annualised return on equity of 9.9%. Net gearing was 0.40 times as at June 30, compared to 0.46 times as at Dec 31 2017. Free cash inflow improved to $886 million in 1H18 compared to $204 million in 1H17.

    For 2Q18, group earnings came in at $246 million, 44% higher than the $171 million for 2Q17, bolstered by stronger property and infrastructure earnings which offset losses from the other divisions. Group revenue of $1.5 billion was slightly lower than the $1.55 billion registered a year ago.

    Loh Chin Hua, CEO of Keppel, says, “Keppel continued to deliver strong results in the first half of 2018. Our multi-business strategy and geographical diversification have enabled the Company to remain resilient, despite cyclical headwinds in some of our businesses."

    Keppel has declared dividends totaling 15 cents per share for 1H18 which includes a special dividend of 5 cents per share.



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  6. plutus2

    plutus2 Well-Known Member

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    huat also nibble size
     
  7. plutus2

    plutus2 Well-Known Member

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    markets very sian these days
     
  8. nottibird

    nottibird Moderator

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    You people got HUAT or not.
    Market kinda slow of late...everyone is waiting for the banks to run to lead the market up.
     
  9. plutus2

    plutus2 Well-Known Member

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    good the morning snipers
     
  10. nottibird

    nottibird Moderator

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  11. sotong11

    sotong11 Well-Known Member

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    morning snipers
     
  12. Amator

    Amator Well-Known Member

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    CCT’s 2Q 2018 distributable income grew 14.3% year-on-year
    Portfolio reconstitution through acquisition of Gallileo and divestment of Twenty Anson

    Singapore, 19 July 2018 – CapitaLand Commercial Trust Management Limited, the Manager of CapitaLand Commercial Trust (CCT or Trust), is pleased to report distributable income of S$79.4 million in 2Q 2018, up 14.3% year-on-year (y-o-y). The higher distributable income was mainly due to contributions from Asia Square Tower 2 and CapitaGreen, which offset the divestments of One George Street (50% interest), Wilkie Edge and Golden Shoe Car Park. The strong performance was underpinned by growth in gross revenue and net property income (NPI), which rose 12.0% and 12.5% y-o-y respectively. During the quarter, CCT issued 130.0 million new units for the equity placement to partially finance the acquisition of Gallileo. Based on the enlarged unit base, CCT’s distribution per unit (DPU) for 2Q 2018 amounted to 2.16 cents.

    In 1H 2018, CCT’s distributable income grew 10.8% to S$156.0 million, translating to a DPU of 4.28 cents. Based on the annualised 1H 2018 DPU and CCT’s closing price per unit of S$1.76 on 18 July 2018, CCT’s distribution yield is 4.9%.

    An advanced DPU of 3.49 cents for the period from 1 January to 27 May 2018 was paid on 18 July 2018 and the balance 1H 2018 DPU of 0.79 cents for the period from 28 May to 30 June 2018 is expected to be paid on Wednesday, 29 August 2018. Books closure date will be on Friday, 27 July 2018.

    As at 30 June 2018, the Trust’s appraised value for its investment properties rose 6.7% to S$10.6 billion. The increase was attributed to the acquisition of Gallileo, as well as higher property values across the Singapore portfolio based on independent market valuations. Including other assets, CCT’s deposited property as at 30 June 2018 was S$11.6 billion. CCT’s adjusted net asset value per unit (excluding distributable income payable to unitholders) rose from S$1.74 as at 31 December 2017 to S$1.80 as at 30 June 2018, on the back of higher property values.


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  13. plutus2

    plutus2 Well-Known Member

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    good afternoon snipers
     
  14. sotong11

    sotong11 Well-Known Member

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    morning snipers
     
  15. Amator

    Amator Well-Known Member

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    SINGAPORE (July 18): Singtel subsidiary Amobee has emerged winner in the court-supervised auction to acquire certain assets from Videology for US$101 million ($138 million).

    The purchase price is subject to adjustments for accounts receivable at closing, estimated to be US$20.9 million.

    Videology is a software provider for advanced TV and video advertising. The acquisition follows Videology’s voluntary Chapter 11 restructuring proceedings and includes Videology’s technology platform, intellectual property and certain other assets of estimated net book value of US$5.3 million.

    Amobee says over the past decade, Videology has emerged as a leading provider of software that empowers advertisers and publishers to use data to optimise campaigns and spend across digital platforms and television.

    The addition of Videology’s capabilities will be a further boost to its omni-channel platform and help marketers meet growing consumer demand for premium video and connected TV content, adds Amobee.

    Says Amobee’s CEO Kim Perell, “Television is the largest category of advertising spend and the industry is in the early-stages of the TV and video advertising transformation. With thecacquisition of Videology’s innovative technology assets, Amobee will strengthen our omnichannel capabilities and continue to bring marketers next generation solutions to reach and engage consumers on a global scale.”

    One of the world’s largest independent advertising platforms, Amobee unifies key programmatic channels—including all major social media platforms, formats and devices—to provide both managed- and self-service clients with advanced data management and media planning capabilities as well as actionable, real-time market research and proprietary audience data.
     
  16. nottibird

    nottibird Moderator

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  17. sotong11

    sotong11 Well-Known Member

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    morning snipers...
     
  18. plutus2

    plutus2 Well-Known Member

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    Good morning snipers
     
  19. plutus2

    plutus2 Well-Known Member

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    hhhmm that reminded me of PapaYa and Jackfruit
     
  20. nottibird

    nottibird Moderator

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