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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    CONGRATS sis. Ho $ay lah.
     
  2. sotong11

    sotong11 Well-Known Member

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    politics.... anything can happen... guess must give it to mahathir .. at his age ...he still look good and have the zeal ..
     
  3. sotong11

    sotong11 Well-Known Member

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    morning snipers...

    cover my whoose.... with meal voucher...

     
  4. nottibird

    nottibird Moderator

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    The entire Malaysian Cabinet of Prime Minister, Deputy Prime Minister and Ministers all lost their jobs overnite.
     
  5. nottibird

    nottibird Moderator

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  6. nottibird

    nottibird Moderator

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  7. nottibird

    nottibird Moderator

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    aa1 (2).gif
     
  8. sotong11

    sotong11 Well-Known Member

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    congrates bro NB
     
    summer likes this.
  9. nottibird

    nottibird Moderator

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    Ascendas did it again !!! Yayyy !!!


    [​IMG]
     
  10. plutus2

    plutus2 Well-Known Member

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    Good the morning
     
  11. nottibird

    nottibird Moderator

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    The site where I get my Dow closing and Dow Futures is down.
     
  12. sotong11

    sotong11 Well-Known Member

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    morning snipers

    whoose some SGX 7.67 ...
     
  13. Amator

    Amator Well-Known Member

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    SINGAPORE (May 8): Citigroup is keeping Venture Corp at “buy” with unchanged $31.74 target, saying sales contribution by Philip Morris International’s looks closer to 12% than the 30% feared by investors.

    In addition, Venture’s PE valuations are now at 9% discount to Singapore’s market average but with earnings growth at least twice better, says Citi.

    Indeed, Venture’s stock price has retraced 29% from its peak, driven by slower-than-expected uptake in Philip Morris’ Reduced Risk Products (RRP) -- such as smokeless e-cigarettes -- as well as investors’ fear of “concentration risk” crimping Venture’s 2018 growth.

    However, calculations by Citi indicate that given the 3.3 million iQos or “I quit original smoking” devices Philip Morris sold last year and assuming costs of goods taking up 40-60% of retail prices, this translates to revenue contribution of “no more than 6%” to Venture’s 2017 revenue.

    In fact, Philip Morris has plans to add a second supplier by early 2018 after being “supply-constrained” in 2017, says Citi.

    “We believe Venture has a diversified customer base with more than 100 active customers, with only 1 customer above 10% which has been the case since 2013, with its top 10 customers accounting for 50% of group revenue,” adds Citi.

    To recap, strong margins drove Venture’s profitability in 1Q18, NPAT grew 72% y-o-y while NPAT margins hit 9.8%. Neutralising impact from forex, Citi estimates NPAT margins would have hit “double digits”.

    And although 1Q18 cash conversion cycle was higher at 102 days, which was last seen in 3Q16, management alluded this to higher inventory and raw materials in support of customer ramps in 2Q and 3Q.
     
  14. nottibird

    nottibird Moderator

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    Miss Hong Kong...


    a1.jpg
     
  15. nottibird

    nottibird Moderator

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    Miss Hong Kong...

    Yesterday saw her at 7.24.
    Now 7.35 : 7.36... up 11 cts.
    Really a case of buy BIG or SMALL at casino one.
    I suppose must wait until she at low low and doing a one way ticket up up and away or at high tide and doing a one way street
    down down here I come... then can play.
     
  16. plutus2

    plutus2 Well-Known Member

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    Good morning snipers
     
  17. koaladreaming

    koaladreaming Well-Known Member

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    Good morning. Wish All have a fruitful eggs collection day.
     
  18. nottibird

    nottibird Moderator

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    This is Dow's Intraday Chart.
    Very telling that people there are not chasing high prices but selling them.


    upload_2018-5-8_8-36-38.png
     
  19. sotong11

    sotong11 Well-Known Member

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    morning snipers
     
  20. nottibird

    nottibird Moderator

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