The Trading Floor - June 2018

Discussion in 'The Trading Floor' started by Amator, May 31, 2018.


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  1. plutus2

    plutus2 Well-Known Member

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    yeah la.. Sing N Tell heartbreak hotel

    HAIZ.. but chance for add
     
  2. nottibird

    nottibird Moderator

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    This NABEH SingTel... to me, the biggest and meanest heartbreaker in the whole of SGX.
    So many people are counting on her. And she did this to us.... today hit a New Low at 3.19. NABEH.
     
  3. nottibird

    nottibird Moderator

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    But they didnt go mad leh.
    Its good for Kim to come and see what capitalism can do for the people of a nation...how better off the people will be...how happy they are...
    and be convinced that he must delay no more and open up his country the way China did and prospered.
     
  4. plutus2

    plutus2 Well-Known Member

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    good morning snipers! with 2 mad men of the world in Singapore.. will our STI go mad??
     
  5. nottibird

    nottibird Moderator

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  6. nottibird

    nottibird Moderator

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    Next FOMC Meeting is on 12th to 13th June 2018 where Fed is expected to announce another interest rate hike.
    The Fed already previously announced they want to raise rates 3 times in 2018, if not 4.
    They already raised rates once in March 2018. If they dont do it again in June 2018, they may miss the window to do so
    should economic numbers start to come down at the next FOMC Meeting on 31st July to 1st August 2018. And this will
    give the Fed less room to raise rates another 2 to 3 times over the rest of the year from September to December. For
    that reason, a rate hike at the June FOMC Meeting is a foregone conclusion the market is expecting.

    So assuming Fed announces another rate hike on 13 June 2018 by which time our market will be closed and we will react to it
    only on 14 June 2018 and thereafter, what is likely to happen to DBS ? For that, we can seek guidance from the last time the
    Fed announced an interest rate hike in March 2018.

    [​IMG]
     
  7. nottibird

    nottibird Moderator

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  8. nottibird

    nottibird Moderator

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  9. nottibird

    nottibird Moderator

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    Thanks lah, bro. aa1(3).gif
     
  10. plutus2

    plutus2 Well-Known Member

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    Congrats
     
  11. nottibird

    nottibird Moderator

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    Yayyyy !!!


    [​IMG]
     
  12. plutus2

    plutus2 Well-Known Member

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  13. nottibird

    nottibird Moderator

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    Like this?


    [​IMG]
     
  14. plutus2

    plutus2 Well-Known Member

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    Yes bro.. this morning i torpedo her liao. But my torpedo not so big, need to wait for others to send more torpedo to bring down this Tank
     
  15. nottibird

    nottibird Moderator

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    Bro...

    ST Engrg... just waiting for someone to pull out the plug.
     
  16. plutus2

    plutus2 Well-Known Member

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    good morning
     
  17. nottibird

    nottibird Moderator

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  18. sotong11

    sotong11 Well-Known Member

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    morning snipers
     
  19. nottibird

    nottibird Moderator

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    Approaching resistance zone...


    a1.jpg
     
  20. Amator

    Amator Well-Known Member

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    SINGAPORE (June 6): Maybank Kim Eng Research is keeping its “buy” call on Venture Corp with an unchanged target price of $28.83 amid healthy revenue forecasts among its customers.

    “We believe Venture remains a beneficiary of economic upcycle and multifaceted secular growth drivers,” says Lai Gene Lih in a report on Monday.

    According to Lai, 10 out of Venture’s 16 well-known customers beat Street estimates in 1Q18, and 12 have raised or reaffirmed their guidance.

    Consensus revenue for most of these customers have also been raised for FY18/19, he adds.

    “Our dashboards suggest that its customers remain confident about their 2018 prospects, anchored by robust capex spending, especially in the US,” Lai says. “Venture’s customers have been benefiting from a strong and expanding US economy.”

    “This corroborates what Venture has been sharing, that forecasts from its customers are healthy,” he says.

    Already, the signs are pointing toward a healthier outlook for the electronics manufacturer.

    “Global chip sales, a leading indicator of electronics demand, were up 19.8% y-o-y in March,” Lai says.

    At the same time, he notes that Singapore electronics production grew 11.3% y-oy in April, while in Malaysia, where around 65% of Venture’s workforce is based, electronics exports increased 27% y-o-y in 1Q18.

    In the 1Q18 ended March, Venture saw its earnings surge 72.2% to $83.7 million on the back of an improvement in net margin, which rose 4 percentage points to 9.8%.

    1Q18 revenue edged up 1.5% to $856.0 million, from $843.1 million a year ago.

    The group attributed the marginal increase to a weakened US dollar. In US dollar terms, revenue for 1Q18 would have grown by 9.1%, it reported.

    Despite the earnings surge, Venture’s share price has taken a beating, tumbling 25% since its April high.

    In the wake of a short-selling attack, shares in Venture plunged 32.6% within three weeks to close at a low of $19.42 on May 2.

    Venture’s troubles were exacerbated by claims that it was being affected by weakening sales of smokeless cigarette devices produced by Philip Morris International.

    The group, however, has declined to sooth the jitters by divulging more specific information about its business segments. Instead, it has reiterated its position that doing so could impair its competitive position.

    “As we approach its seasonally stronger 3Q and 4Q, earnings deliveries and potential improved clarity from management are expected to provide catalysts,” Lai says, noting that the recent share price decline has been due to “cyclical concerns” and “operational ‘opacity’”.

    “A stronger USD would also be positive for Venture and Singapore tech companies,” he adds.
     
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