The Trading Floor - May 2018

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


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  1. nottibird

    nottibird Moderator

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    Waaa.. Miss Hong Kong.....dare not leh.
    High at 7.38.
    Now 7.27 : 7.28.
    Yday hit 7.44...I think.
     
  2. nottibird

    nottibird Moderator

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  3. plutus2

    plutus2 Well-Known Member

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    congrats
     
  4. sotong11

    sotong11 Well-Known Member

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    collected some chicken run on SGX ... 762 :)
     
  5. plutus2

    plutus2 Well-Known Member

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    Has the tired BULL had enough?
     
  6. nottibird

    nottibird Moderator

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    Ya. Which may not be today.
    Low so far is 28.56.
    But if Dow takes a tumble tonite, Monday will see kan cheong spiders running around.
    Last High was 31.28.
    A 9% pullback will see 28.46.
    So far, 8.5% hit... 28.62. She licked the ground at 28.56.
     
  7. sotong11

    sotong11 Well-Known Member

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    waiting for her to u-turn?
     
  8. plutus2

    plutus2 Well-Known Member

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    Yes, playing this hot babe is a Tekam bet... but i have a feeling monkey play this one to "adjust" STI
     
  9. nottibird

    nottibird Moderator

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    DBS fell again today.
    Pre-XD High was 31.28.
    Pre-XD Closing Price was 30.61.
    XD Opening price was 29.19.
    XD Low was 28.91.
    XD Close was 29.28.

    XD + 1 Opening Price was 29.35.
    XD + 1 LOW so far is 28.70.

    Now 28.74 : 28.75.

    From Pre-XD Closing Price of 30.61 to 28.70, she has pulled back by $1.91.
    Dividend was $1.10.

    I am now waiting to see if she wants to go lower to 28.46.
    Last High was 31.28. A 9% pullback from this level will bring us to 28.46.
    An 8% pullback is 28.77... where she is now.

    Now 28.77 : 28.79.
     
  10. sotong11

    sotong11 Well-Known Member

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    morning snipers.
     
  11. nottibird

    nottibird Moderator

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    Waaa lau... yesterday reached 7.44 even.
    So today she is on her way down... 7.32 : 7.33.
     
  12. nottibird

    nottibird Moderator

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    Ya.
    Miss Hong Kong...Day High at 7.38.
    Now 7.32 : 7.33.
    But this one I scared... coz very high speculating element in this trade.
    This is one counter where luck plays a very big role and knowledge and skill takes a backseat.
     
  13. Amator

    Amator Well-Known Member

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    UOBKH :-

    upload_2018-5-4_9-44-46.png
     
  14. plutus2

    plutus2 Well-Known Member

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    good morning.. another profit taking moments?
     
  15. nottibird

    nottibird Moderator

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    Dow was down -393 pts intraday but erased all that and closed flat.
    But Futures red now at -52.
    So let's see whether market wants to react to the turnaround story or to the weak Futures.
     
  16. nottibird

    nottibird Moderator

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  17. Amator

    Amator Well-Known Member

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  18. Amator

    Amator Well-Known Member

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    SINGAPORE (May 3): Analysts are staying positive on United Overseas Bank (UOB), after the bank posted record-high 1Q18 earnings of $978 million – some 21% higher than a year ago.

    “Growth was largely driven by the substantial reduction in credit costs and expenses. Revenue grew high single-digit on the year and was flat sequentially driven by growth in loans, margins and fee income,” says Krishna Guha, an analyst at investment bank Jefferies Singapore.

    Jefferies is keeping its “buy” call on UOB and raising its target price to $34.00, from $33.00 previously.

    Guha notes that UOB’s net interest income was up 13% in 1Q18, on the back of loan growth and net interest margin (NIM) expansion. And he expects NIM to trend upward for the rest of the year.

    As such, he is raising UOB’s margin forecast to 185 basis points, from 181 basis points previously.

    “While we remain watchful of valuations and tightening financial conditions, we maintain ‘buy’ on business momentum,” Guha says.

    Meanwhile, RHB Research is raising its 2018 net profit forecast for UOB by 3%.

    “We remain positive on UOB, given prospects of wider NIM ahead,” says analyst Leng Seng Choon. “We raised our ROE assumption from 11.5% (to 13%) given the more optimistic outlook on NIM, and likelihood of higher dividends.”

    RHB is keeping its “buy” call on UOB and lifting its target price to $33.30, from $30.00 previously.

    In addition, Leng notes that UOB’s management has guided that common equity tier 1 (CET1) capital adequacy ratio (CAR) – which rose to 14.9% in 1Q18 – could fall below 14% by end-2019.

    “We believe UOB’s target to lower CET1 CAR could translate to higher dividends and catalyse its share price higher,” Leng says.
     
  19. Amator

    Amator Well-Known Member

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    SINGAPORE (May 3): StarHub reported a 14.9% decline in 1Q18 earnings to $61.5 million from $72.3 million a year ago on lower sales.

    The telco was expected to reported earnings of $69.5 million, according to Thomson Reuters.

    Total revenue for the quarter fell 4.7% to $561 million from $588.7 million in 1Q17. This came on the back of 7.1% and 10% revenue declines in the Mobile and Pay TV segments to $205.1 million and $80.7 million, respectively.

    The lower Mobile revenue was largely due to a fall in post-paid customer base as a result of a one-time termination of 23,000 inactive legacy data-only lines in 3Q17. Both pre- and post-paid average revenue per users (ARPUs) fell by $2 to $13 and $43, respectively, from a year ago.

    Contributions from Pay TV fell as its customer base decreased by 38,000 to slightly under half a million households while churn rate was kept low at 0.9%. ARPU fell $1 to $51 compared to a year ago.

    The weaker performance from Mobile and Pay TV was nonetheless offset in part by higher revenue contributions from Enterprise Fixed, which grew by 18% to $117.5 million due to growth in Data & Internet revenue as well as Managed Services revenue.

    Broadband revenue edged up 0.6% to $47.5 million from a year ago.

    Revenue from sales of equipment decreased 16.3% to $110.2 million due to lower volume of handsets sold.

    StarHub expects 2018 service revenue to come in 1-3% lower y-o-y, while its service EBITDA margin is expected to range from 27-29% after the adoption of the SFRS(I) 15 accounting policy. Capex payment, excluding a spectrum payment of $282 million and building payment of $31.6 million, is expected to make up 11% of total revenue, it adds.

    The telco has declared an interim dividend of 4 cents per share for the latest quarter, which will be paid on May 25 after its final dividend of 4 cents per share for FY17 is paid out on May 10.

    The company also intends to pay a quarterly cash dividend of 4 cents per share for FY18.

    On its latest set of quarterly results, StarHub highlights Enterprise Fixed as a “constant bright spot” given its third successive quarter of double-digit revenue growth.

    “In line with our plan to grow the business, we will continue to roll out new robotics, digital platforms and cyber security solutions to support Singapore’s Smart Nation vision,” says the company in its results filing on Thursday.

    Earlier today, StarHub announced MyRepublic has chosen it as the telco launch its mobile virtual network operator (MVNO) services in Singapore. “This gives us the ability to offer customers more choices, better address customer segment needs and grow our mobile business amid the evolving landscape,” says the telco.

    Tan Tong Hai, group CEO of StarHub, is due to relinquish his current position and appointment as chief executive as of this month. He will be succeeded by Peter Kaliaropoulos, who will join StarHub from Zain Saudi Arabia as the telco’s group CEO from July 9.
     
  20. nottibird

    nottibird Moderator

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    DBS...

    Her last few major pullbacks were...

    From 29.71 (26 Feb) to 27.85 (5 Mar).... 6.26%.
    Then came the rebound from 27.85 to 29.19.
    After that another pullback from 29.19 (14 Mar) to 26.35 (4 Apr)... 9.73%.

    Last High was 31.28.
    If the current pullback is 6.28%, it will end at 29.31.
    If the current pullback is 9.73%, it will end at 28.23.

    But the entire pullback from 29.71 (26 Feb) to 26.35 (4 Apr) was 11.3%.
    And if the current pullback from Last High at 31.28 is going to be 11.3%, then it will end at 27.74.

    The price is now at 29.02 : 29.03.
    If the target for this current pullback is 28.23... then that price is merely 79 cts away from current level.
    And if the target for the current pullback is 27.74, then it is only $1.28 from current level.
    And both dont look that far-fetched having regard to how much this fellow can move within a day.
    If Wall Street goes down tonite, then a drop of 79 cts to $1.28 is nothing for a giant like DBS.
    Some more tomorrow is Friday.
     
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