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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    This is really cool man.


    [​IMG]
     
  2. plutus2

    plutus2 Well-Known Member

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    market machim directionless
     
  3. nottibird

    nottibird Moderator

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    Dow up for 7 or 8 consecutive days ler.
    With each succeeding day of UP, the probability of a DOWN increases.
     
  4. plutus2

    plutus2 Well-Known Member

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    Good morning snipers
     
  5. nottibird

    nottibird Moderator

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  6. nottibird

    nottibird Moderator

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    SEX...

    Made a partial redemption today.


    [​IMG]
     
  7. nottibird

    nottibird Moderator

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    So what special food should Lee Hsien Loong serve when Trump and Kim meet here next month?
    Kimchi Burger. [​IMG]
     
  8. nottibird

    nottibird Moderator

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    Cant see from my trading platform.
    But maybe CNA will carry the story?
     
  9. plutus2

    plutus2 Well-Known Member

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    Good morning.. any firework at KLSE?
     
  10. nottibird

    nottibird Moderator

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  11. nottibird

    nottibird Moderator

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    DBS...

    Last High was 31.28.
    Last Low was 28.51.
    This pullback was $2.77.
    Using fibonacci retracement levels to assist us to gauge whether she has found her bottom at 28.51, the most commonly
    used fibonacci retracement levels are:

    23.6% - $29.16 (already surpassed)
    38.2% - $29.57 (havent reached yet)
    50.0% - $29.89
    61.8% - $30.22

    It is quite common for a dead cat bounce, ie. the technical rebound which started at 28.51, to reach 23.6% or even 38.2% of the
    previous move. The previous move was a downmove from 31.28 to 28.51, a move of $2.77. We use $2.77 to compute the various
    fibonacci retracement levels... 23.6% of $2.77 is 65 cts. Add 65 cts to the Last Low of $28.51 and you get $29.16. And so on.

    If the technical rebound is strong, it can even surpass the 38.2% retracement level but may end before reaching the 50% level
    which is at $29.89.

    Should the technical rebound cross the 50% retracement mark and is accompanied by a surge in volume, aggressive traders who
    are willing to assume the highest risk to get the best seats in the recovery train will start to buy some first. And they will continue to
    monitor volume and momentum to see if the upmove is strong and sustainable. If their conclusion is that the upmove is strong, they
    will continue to add more positions on the way up. Less aggressive traders who are risk-averse and who want to play it safe will
    wait for the rebound to approach the 61.8% retracement level or cross it before they accept that the upmove is no longer a dead
    cat bounce but a real recovery.
     
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  12. nottibird

    nottibird Moderator

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    ST Engrg...

    Really Mole Lan Yong this fellow...shake head man... reported higher earnings and fell to 3.38.
    Her monkey...Sibeh Koo Boh Khua Teok leow. Mmm Zhai See Ka Toh Loke Khee.
    Same for Wilmar. More than one year no see her monkey ler.
    And for all we know, could be the same monkey playing both.
    Coz the style is similar.
     
  13. Amator

    Amator Well-Known Member

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    SINGAPORE (May 11): ST Engineering reported a 17.8% rise in 1Q18 earnings to $117.7 million from $99.9 million a year ago in 1Q17.

    Revenue for the quarter came in 9% higher at $1.65 billion from $1.51 billion a year ago, mainly attributable to higher revenue contribution from the group’s Aeropace, Electronics and Land Systems sectors, but partially offset by lower contribution from its Marine and Others sectors.

    The Aerospace sector saw revenue climb 9% y-o-y to $599 million, as all business groups contributed to the improved performance, especially from Component/Engine Repair and Overhaul and Aircraft Maintenance & Modification business groups.

    Revenue from the Electronics sector jumped 22% y-o-y to $605 million, from higher project revenue recognition from all three of its business groups.

    Land Systems sector’s revenue of $281 million was 3% higher, from higher project revenue recognition from Automotive business group.

    Marine sector revenue of $150 million came in 16% lower as revenue recognised from the Shipbuilding and Shiprepair business groups declined.

    Lower revenue under “Others” was mainly attributable to lower sales from Miltope.

    As cost of sales increased by 10.3% to $1.32 billion, gross profit for 1Q18 stood at $325.9 million, 4.1% higher than $313.1 million in the previous year.

    Administrative expenses increased 6.2% to $122.2 million, while other operating expenses were 11.5% up y-o-y at $32.2 million.

    Distribution and selling expenses declined by 12.7% to $49.4 million, mainly from lower allowance for doubtful debts for Aerospace and Marine sectors, partially offset by higher expenses incurred for the biennial Singapore Airshow.

    Net other income fell 26.1% to $2.63 million, mainly attributable to loss on liquidation of a subsidiary, partially offset by higher government grants

    Net finance costs decreased by 59.1% to $2.19 million from $5.37 million a year ago.

    The group ended 1Q18 with an order book of $13.4 billion, and it expects to deliver about $3.2 billion in the remaining months of 2018.

    Vincent Chong, president and CEO of ST Eng, says, “We started the year with healthy revenue growth and net profit. We also secured numerous contracts including Smart City projects in the past quarter. With a strong order book, the group remains on track for steady growth.”
     
  14. nottibird

    nottibird Moderator

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  15. sotong11

    sotong11 Well-Known Member

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    monring snipers..... happy TGIF

    Thank u bro NB
     
  16. nottibird

    nottibird Moderator

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    NABEH... 40.6% drop !!!
    NABEH.
    The CEO should give up 40.6% of his pay too. NABEH.
     
  17. Amator

    Amator Well-Known Member

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    SINGAPORE (May 10): Wilmar International recorded a 40.6% drop in earnings to US$203.3 million ($273.0 million) for the 1Q ended March, from restated earnings of US$342.0 million a year ago.

    In a filing to SGX on Thursday, the group says the lower profit was mainly due to the difficult operating environment in Tropical Oils businesses and seasonal sugar losses experienced during the quarter.

    1Q18 revenue grew 5.7% to US$11.17 billion, from US$10.57 billion a year ago. This was on the back of stronger sales volume recorded by Oilseeds & Grains businesses, further aided by its higher commodity prices.

    Finance income doubled to US$103.2 million during the quarter, led by higher average deposits and effective interest rates. Correspondingly, finance costs jumped 35.3% to US$155.1 million in line with higher effective interest rates and increased average borrowings made during the period.

    Selling and distribution expenses rose 16.0% to US$515.9 million, mainly due to increased advertising and promotional activities undertaken as a result of the later Chinese Spring Festival in 2018.

    Administrative expenses, mainly comprising of personnel and its related costs, climbed 8.5% to US$185.2 million

    As at end March, cash and cash equivalents stood at US$1.92 billion.

    “The prospect of China imposing import tariffs on US soybeans will result in soybean prices staying volatile for the coming quarters. Even though performance of our Oilseed Crushing business will not be affected in the short term, a prolonged standoff between China and the US would affect the utilisation of our crushing plants,” says Kuok Khoon Hong, chairman and CEO of Wilmar.

    “Nevertheless, we foresee that any negative effect will be partially mitigated by better performances from both our flour and rice businesses. In addition, with the improvements in production yields and better margins from downstream operations, the Tropical Oils segment will likely perform better in the subsequent quarters,” he adds.

    Overall, the group says it is cautiously optimistic that performance for the rest of the year will be “satisfactory”.
     
  18. nottibird

    nottibird Moderator

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    Cool man !!!


    [​IMG]

    [​IMG]
     
  19. Amator

    Amator Well-Known Member

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    no have such info at the moment :p
     
  20. nottibird

    nottibird Moderator

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    Dai Lole...

    Heard that bharti and telecomsel reported lower earnings.
    This will have a negative impact on SingTel's upcoming results next Thu.
    You can get your hands on info on how much lower bharti's and telecomsel's earnings were?
    Thanks.
     
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