The Trading Floor - Mar 2012

Discussion in 'The Trading Floor' started by trendtrader, Mar 1, 2012.


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  1. Johnpaul

    Johnpaul Well-Known Member

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    Good Morning My Sai Lole trendtrader.

    You are right to say buy on Dips
    I believe the CK may depress the market to flush out the weak holder.
    At the same time to get it cheap
    So as to exit at this coming Window dressing.

     
  2. 發發發

    發發發 Well-Known Member

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    Good morning Da Lole John.
     
  3. Amator

    Amator Well-Known Member

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    DBSV 22/Mar:-

    F & N: BUY; S$6.82; Bloomberg Code: FNN SP
    Still brewing profits

    Price Target : 12-Month S$ 7.70 (Prev S$ 7.20)

    by: Andy SIM CFA +65 6398 7969


    · Surprisingly robust property sales in Singapore, >1,400 units sold
    in FY12 YTD; S$1.7bn unrecognized sales


    · Proxy into APB, a leading brewery group in Asia Pacific and a
    growth driver


    · Outperformance in 2011 did not fully unveil its value, still
    trades at 25% discount to revised RNAV


    · Maintain Buy, TP raised to S$7.70


    Robust property sales with over 1,400 units; c.S$1.7bn unrecognised sales.
    The Group’s property sales in Singapore surprised us with over 1,400 units
    sold in FY12 YTD. Feb alone saw 480 units sold, mainly from its new
    launches such as Watertown and Twin Waterfalls. It now has about 2,100
    remaining units from its existing projects and landbank. We continue to
    like the management’s strategy of fast turnaround amid current uncertain
    times; making it relatively well insulated from potential policy measures.
    Besides its low landbank, it has about S$1.7bn in unrecognised sales and
    well-established JVs with partners guard against such risks.


    Proxy into bubbling brewery business. Contribution from its brewery unit
    remains robust after a strong 1Q, which saw revenue and PBIT growth of 17%
    and 30% y-o-y respectively. Its listed JV, APB is an attractive brewery
    player given its geographical spread in Asia Pacific, leading presence in
    South-East Asia, and strong brands. F&N share is a proxy to leverage on
    this exposure, and capitalise on the possibility of unlocking this value
    (39.7% stake, worth S$3.4bn based on current market price) in the future.


    Retain Buy, raised TP: S$7.70 pegged to 15% discount to RNAV. We trim our
    earnings by 12%/6% for FY12F/13F to reflect the recognition of earnings on
    completed basis for overseas projects. Our RNAV is raised to S$9.02, based
    on higher market values of listed entities and robust Singapore property
    sales. We continue to see value in this counter, which is trading at 25%
    discount to our RNAV. TP at S$7.70 is based on 15% discount to RNAV.
     
  4. trendtrader

    trendtrader Well-Known Member

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    Dua Bui Soh is dipping again.
    Follow the dip and LONG the next bounce.
     
  5. Johnpaul

    Johnpaul Well-Known Member

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    Good Morning Ah Fa.

     
  6. trendtrader

    trendtrader Well-Known Member

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    Keppy.....

    Immediate resistance at 10.84......once cleared.....will pave the way for 10.89.
     
  7. 發發發

    發發發 Well-Known Member

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    BIG BIRD hourly is indicating Stochastic and MACD turning up with positive histogram. Upper Bollinger @10.99, with 20dMA turning flat presently.
     
  8. trendtrader

    trendtrader Well-Known Member

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    Yes....the usual....

    Keppy
    Siti
    Lau Auntie
    Botak
     
  9. trendtrader

    trendtrader Well-Known Member

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    Waaaaaaaaa..............Big Bird at 10.94 : 10.95......NABEH lah...... aa-9-argh2.gif
     
  10. angang8

    angang8 Well-Known Member

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    SAme to you Boss.... looking at anything today??
     
  11. trendtrader

    trendtrader Well-Known Member

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    Sai Lole and Angang,

    If can see Big Bird at 10.82......worth a punt to LONG.
     
  12. 發發發

    發發發 Well-Known Member

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    Hole Yeah Ber, brotherHOOT. :punk:
     
  13. 發發發

    發發發 Well-Known Member

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    Good morning Da Lole. Yeah....finger too slow for Dua bu Soh @14.33. Waiting there to load up.
     
  14. trendtrader

    trendtrader Well-Known Member

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    CONGRATS Brother!!! aa-hi5.gif
     
  15. angang8

    angang8 Well-Known Member

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    Me too me too ... hehe ... made 4 bids.. m135-Celebration.gif
     
  16. trendtrader

    trendtrader Well-Known Member

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    unJEEP Big Bird at 10.90 and made 5 bids. aa-6.gif
     
  17. trendtrader

    trendtrader Well-Known Member

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    Gd Morning Bros!

    Today is a good day to continue to BUY ON DIP$. aa-16-thumbup.gif
     
  18. 發發發

    發發發 Well-Known Member

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    Good morning bro Ang. She might either open with gap up or down but from the look at her pre-open, it seems more like a gap down to me. In this case, my take is to see her open @14.40 range. The better range to grab her will be @14.33/14.34 range.
     
  19. angang8

    angang8 Well-Known Member

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    Good morning bro 888 ...... today a good day to LONG Dua Bui Soh ah?? If so... you reckon wat is a good level ah?? :huh2:
     
  20. 發發發

    發發發 Well-Known Member

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    Good morning fellow traders.
     
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