The Trading Floor - May 2018

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


Draft saved Draft deleted
  1. plutus2

    plutus2 Well-Known Member

    Joined:
    Jan 8, 2013
    Messages:
    3,859
    Likes Received:
    9
    Gender:
    Male
    Location:
    Singapura
    wauuu.. long time never see STI drop 50+ points liao
     
  2. Amator

    Amator Well-Known Member

    Joined:
    Oct 19, 2011
    Messages:
    4,205
    Likes Received:
    17
  3. plutus2

    plutus2 Well-Known Member

    Joined:
    Jan 8, 2013
    Messages:
    3,859
    Likes Received:
    9
    Gender:
    Male
    Location:
    Singapura
    good the morning.. Ms Horny getting VERY juicy
     
  4. Amator

    Amator Well-Known Member

    Joined:
    Oct 19, 2011
    Messages:
    4,205
    Likes Received:
    17
    SINGAPORE (May 3): Sembcorp Industries posted 1Q18 earnings of $76.6 million, down the 34% from a year ago on lower non-operating income as well as lower share of results of associates and JVs.

    Revenue for the first quarter ended March was $2.8 billion, up 30%.

    Reuters had estimated earnings of $99.3 million on revenue of $1.98 billion.

    In 1Q18, net profit of the Utilities business grew 27% to $70.3 million, with Singapore and China being its largest profit contributors.

    The Urban Development business posted a net profit of $9.6 million compared to $37.2 million in 1Q17. The business’ strong performance in 1Q2017 was due to profit recognised for the sale of a 42.6-hectare land in Nanjing, China.

    Meanwhile, the Marine business contributed a net profit of $1.8 million compared to $22.6 million in 1Q2017. This was mainly due to lower contributions from offshore platform projects and the absence of one-off gains from the disposal of Cosco Shipyard Group.

    Return on equity (annualised) for the group was 4.3% and earnings per share amounted to 3.6 cents.

    Cash and cash equivalents stood at $2.2 billion.

    In its FY18 outlook, Sembcorp says the market environment is expected to remain challenging although broader-based global recovery is underway, aided by a rebound in investment and trade.

    For its Marine division, global exploration and production (E&P) spending trend continues to improve due to firmer oil prices in the first quarter of 2018. However, the overall industry outlook remains challenging.

    Despite improvement in E&P CAPEX spending outlook, it will take some time for this to translate into new orders. Margins remain compressed with intensifying competition. Based on existing orders, overall business volume and activity is expected to remain low, and the trend of negative operating profit may continue.

    The Urban Development business has a healthy orderbook. It expects income contribution from the sale of its property developments in China and Vietnam. The business is expected to continue to perform well in FY18.
     
  5. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
    Dai Lole...

    SCI also reported this morn. Thanks.
     
  6. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
  7. Amator

    Amator Well-Known Member

    Joined:
    Oct 19, 2011
    Messages:
    4,205
    Likes Received:
    17
    Singapore, 3 May 2018 – UOB Group (“Group”) achieved record net earnings of S$978 million for the first quarter of 2018 (“1Q18”), up 21% from a year ago. Total income reached S$2.23 billion, led by strong growth in both net interest income and net fee and commission income. Total expected credit loss (“ECL”) decreased substantially due to a benign credit environment and reduced residual risks from the oil and gas and shipping sectors.

    Compared with the fourth quarter of 2017 (“4Q17”), net earnings rose 14% mainly from lower ECL allowances and operating expenses.

    Balance sheet strength remained healthy, supported by a strong funding position and capital base. Deposits and gross loans grew 5% year on year to S$274 billion and S$241 billion respectively, with the loan-to-deposit ratio at a healthy level of 86.7%. Higher earnings, coupled with ongoing efforts to optimise risk-weighted assets, resulted in an improved return on average risk-weighted assets of 1.95% from 1.51% for the same period last year. Correspondingly, the Common Equity Tier 1 Capital Adequacy Ratio (“CAR”) rose to 14.9% from 12.8% a year ago.

    First quarter 2018 earnings
    1Q18 vs 1Q17

    The Group reported net earnings of S$978 million, 21% higher than a year ago.

    A higher net interest margin coupled with healthy loan growth of 5% lifted the net interest income to a new high of S$1.47 billion, up 13% from a year ago. Loan growth was broad-based across most territories and industries on the back of the improved operating environment over the year before. Net interest margin increased 11 basis points to 1.84%, mainly attributable to higher loan margin and interbank yields amid a rising interest rate environment and the Group’s proactive balance sheet management.

    Net fee and commission income registered strong growth of 18% to S$517 million. Strong momentum in wealth management and fund management continued to support the uplift in fee income. Loan-related fee income increased 24% while credit card fees rose 11% year on year. Other non-interest income decreased 22% to S$244 million, mainly from lower net trading income due to fair value changes on hedges of structural positions.

    All business segments delivered good performance year on year. Group Retail reported income growth of 6% to S$963 million mainly from wealth management and fee-based products. Group Wholesale Banking income grew 4% to S$928 million supported by higher cash management, trade and investment banking activities. Global Markets also reported double-digit income growth of 20% to S$142 million, driven by favourable foreign exchange movements.

    Total expenses increased 11% over the same quarter last year, due to higher performance-related staff costs and IT-related expenses, as the Group continued to invest in talent, technology and infrastructure to enhance its connectivity, digitalisation, product capabilities and services. The expense-to-income ratio increased one percentage point year on year to 44.2%.

    Total ECL and other allowances more than halved to S$80 million, due to a benign credit environment and reduced residual risks from the oil and gas and shipping sectors. Specifically, credit costs on non-performing loans (“NPL”) reduced substantially from 49 basis points to 12 basis points.

    Total ECL allowance for performing assets remained relatively unchanged from year-end 2017 at S$1.98 billion as at 31 March 2018. This amount exceeds the 1% general allowance requirement under the revised MAS Notice 612 Credit Files, Grading and Provisioning.

    Mr Wee Ee Cheong, UOB’s Deputy Chairman and Chief Executive Officer, said, “Against a backdrop of an improving operating environment and a pick-up in customers’ activities, we achieved our strongest quarter ever, with double-digit percentage earnings growth.

    “With the more benign environment and issues in the oil and gas segment largely addressed, our NPL ratio and credit costs improved. Our balance sheet remained strong, backed by healthy capital and liquidity positions. Our recent maiden issuances of a covered bond in sterling, onshore Chinese yuan financial bond – both firsts by a Singapore bank – and US dollar-denominated senior notes were well-received and reflected investor confidence in the Bank.

    “We continue to invest in our core franchise, riding on the growing digital connectivity in the region to enhance the customer experience for consumers and businesses. For example, we are the first regional bank to establish a joint venture to provide a next-generation digital credit assessment solution to make it smarter and faster for companies to extend credit to underserved customers across ASEAN.

    “Despite ongoing trade tensions and financial market volatilities, we are confident of Asia’s economic fundamentals and growth potential which continue to present immense opportunities given rising urbanisation, affluence and business flows. As a long-term player with an extensive footprint and connectivity in the region, UOB is well-placed to meet our customers’ growth needs.”
     
  8. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
    I suppose dont frontrun. Just like if had frontrun at 7.10 now die leow.
    Wait for her to actually start dropping first in a weak market then ride her down when the slope is slippery.
     
  9. plutus2

    plutus2 Well-Known Member

    Joined:
    Jan 8, 2013
    Messages:
    3,859
    Likes Received:
    9
    Gender:
    Male
    Location:
    Singapura
    Beoing now... looking juicy to Doggy
     
  10. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
    Miss Hong Kong at 7.31 : 7.32 !!!
    Waaa lau eh.... SHORT SQUEEZE.
    Bro Plutus... I hope you have doggy her yet. [​IMG]
     
  11. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
    Donovan SHORT SingTel at 3.33.
    Then added more SHORTs at 3.40.
    Today, she is trading at 3.53 : 3.54.
    Broke above strong resistance at 3.50 ler.
    Wonder at which level then he will cut and cover.
     
  12. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
    SEX...

    Will monkey Jee Siaw kateks and push to 8.00-8.50?
    If that should happen, Ka Ka SHORT becoz she can go to those levels but she cant stay there.
     
    sotong11 likes this.
  13. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
    DBS...

    Hit 31.25 High so far.
    This one cannot chase ler. Becoz if profit taking should suddenly happen, you wont be able to react.
    I will wait for XD tomorrow... let the dust settle first. Then pick a time to LONG for the next upleg.
     
    sotong11 likes this.
  14. plutus2

    plutus2 Well-Known Member

    Joined:
    Jan 8, 2013
    Messages:
    3,859
    Likes Received:
    9
    Gender:
    Male
    Location:
    Singapura
    Good morning snipers.. new month new huat!1
     
  15. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
  16. koaladreaming

    koaladreaming Well-Known Member

    Joined:
    Oct 21, 2011
    Messages:
    2,943
    Likes Received:
    3
    Happy Labour Day Snipers!

    err. this means all of us are suppose to be working today :eek:
     
  17. nottibird

    nottibird Moderator

    Joined:
    Oct 25, 2012
    Messages:
    48,825
    Likes Received:
    443
    Gender:
    Male
    I forgot. But it doesnt matter.
    Becoz Dai Lole remembered this time round.
    So now that we are in the month of MAY...

    MAY WE ALL NEVER GROW OLD...
    MAY WE ALL NEVER LOSE OUR MEMORY...
    MAY WE ALL STAY IN GOOD HEALTH...
    AND HUAT !!! aa1(5b).gif
     
  18. Amator

    Amator Well-Known Member

    Joined:
    Oct 19, 2011
    Messages:
    4,205
    Likes Received:
    17
    SINGAPORE (Apr 30): CapitaLand posted an 18.8% decline in 1Q18 earnings to $319.1 million from $392.8 million a year ago, on the absence of a $160.9 million gain from the sale of The Nassim in 1Q17.

    Nonetheless, the group reported a 53.3% growth in 1Q18 revenue to $1.4 billion from $879.5 million a year ago.

    This came on the account of account of higher contributions from development projects in Singapore and China; rental revenue from newly acquired and opened properties; as well as the consolidation of revenue from CapitaLand Mall Trust (CMT), CapitaLand Retail China Trust (CRCT) and RCS Trust (RCST).

    Development projects which contributed to the revenue this quarter were Victoria Park Villas in Singapore and The Metropolis in China.

    Collectively, the group’s two core markets of Singapore and China contributed to 81.2% of the group’s revenue. The two markets also remained key contributors to EBIT, accounting for 82.6% of total EBIT compared to 84% in 1Q17.

    Over the quarter, CapitaLand Singapore sold 40 residential units with a total sales value of $150 million compared to 84 units valued at $504 million in the previous year.

    Revenue for CapitaLand in China and Vietnam are recognised on completion basis upon handover of units to home buyers.

    In CapitaLand China, 1,328 units were handed over to home buyers compared to 1,125 units in 1Q17, while revenue was higher mainly due to higher contribution from handover of units from subsidiary projects, better performance from retail malls in China and consolidation of CRCT from Aug 2017.

    CapitaLand Vietnam handed over 259 residential units to home buyers compared to 116 units a year ago, although lower due to lower handover of units from subsidiary projects in Vietnam. The units handed over were mainly from joint venture projects, namely Vista Verde and Seasons Avenue.

    Other operating income fell 81.7% to $38.4 million compared to $209.1 million a year ago, in the absence of a gain from the sale of units in The Nassim over 1Q17 as well as the absence of fair value gains from the group’s divestment of malls in China a year ago.

    Other operating expenses more than doubled to $10.2 million from $4 million a year ago due to forex losses from the revaluation of RMB payables due to a depreciation of the SGD against RMB over the quarter.

    Finance costs grew 42.9% to $148.5 million from $103.9 million a year ago, mainly due to the consolidation of the finance costs for the three trusts amounting to $37.1 million in 1Q18.

    However, the group’s average cost of borrowings for the quarter was lower at 3.1% compared to 3.2% a year ago.

    Administrative expenses grew 1.4% to $90.5 million from $89.2 million previously due to the consolidation of the three trusts from 3Q17.

    Lim Ming Yan, Group CEO of CapitaLand, says the group is on track to achieve its annual $3 billion capital recycling target as it explores investment opportunities across asset classes.

    “In 1Q18, we continued to optimise our portfolio by divesting 20 retail assets in China. This was followed by the proposed acquisition of Pearl Bank Apartments in Singapore and a site for our first integrated development in Vietnam. We also successfully set up our second commercial fund in the country, the US$130-million CapitaLand Vietnam Commercial Value-Added Fund, as part of growing our fee-based business,” says Lim.

    Going forward, the group says its retail platform aims to increase the number of malls managed mainly through management contracts. It also continues to look for opportunities across various asset classes, especially in key gateway cities where it already has a presence.
     
  19. Amator

    Amator Well-Known Member

    Joined:
    Oct 19, 2011
    Messages:
    4,205
    Likes Received:
    17
    New thread for May 2018 ............

    golden-egg-in-basket 5.jpg
     
Loading...

Share This Page