The Trading Floor - 2019

Discussion in 'The Trading Floor' started by Amator, Jan 1, 2019.


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  1. nottibird

    nottibird Moderator

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  2. plutus2

    plutus2 Well-Known Member

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    Good morning Snipers

    if 3 BIG RED candles in a roll... you know what to do... SELL SELL SELL
     
  3. nottibird

    nottibird Moderator

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  4. Amator

    Amator Well-Known Member

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    SINGAPORE (Aug 14): Sembcorp Industries reported earnings of $98 million for the 2Q19 ended June, 20% higher than the earnings of $82 million in 2Q18 a year ago, on improved performance from the Energy business.

    Basic earnings per share rose 26% to 4.98 cents from 3.94 cents a year ago.

    Turnover in 2Q19 fell 29% to $2.37 billion from $3.3 billion a year ago. Profit from overall operations rose 21% to $232 million.

    The Energy business reported an 8% rise in net profit to $92 million, driven mainly by good performance in Southeast Asia (ex-Singapore), China and India.

    The Urban business reported a 69% fall in net profit to $11 million with stable contribution from Vietnam and lower contribution from China.



    The Marine business saw net loss narrow 82% to $6 million from a loss of $34 million a year ago mainly due to continued lower overall business volume offset by margin recognition from newly secured production floater projects and the delivery of a rig.

    In June, Sembcorp also provided a $2 billion subordinated loan facility to Sembcorp Marine to strengthen its financial position.

    As at end June, cash and cash equivalents stood at $2.1 billion.

    For the 1H19 ended June, Sembcorp reported earnings of $191 million, up from $159 million in 1H18.

    Sembcorp’s board of directors has announced an interim dividend of 2 cents per share, which will be paid on Sept 4.

    In its outlook statement, Sembcorp says the Energy and Urban businesses continue to underpin the group’s performance. However, the market environment continues to be challenging for the offshore and marine sector and Sembcorp Marine is expecting full year losses.
     
  5. Amator

    Amator Well-Known Member

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    SINGAPORE (Aug 14): Yangzijiang Shipbuilding (YZJ) has confirmed that executive chairman Ren Yuanlin is “currently assisting in a confidential investigation” carried out by certain Chinese governmental authorities.

    This comes days after shares in Yangzijiang had plunged amid rumours swirling about certain publications that Ren was caught up in investigations by Chinese authorities for alleged corruption.

    Posts in certain stock investing forums had also alleged that Ren, a controlling shareholder of the company, had been “missing for over two months”.

    In response to a query from Singapore Exchange (SGX), Yangzijiang on Wednesday says Ren had “continued to have a decision-making role in respect of major matters of the company” up until Aug 8.

    The company adds that Ren has been granted a leave of absence by the board since Aug 9 to focus on the investigation.

    “The intention of the leave of absence is to expedite the completion of the Investigation so that he may resume his full-time duties with the group as soon as possible,” Yangzijiang says in a statement.

    In his absence, group CEO Ren Letian will assume Ren Yuanlin’s role as a director of the company.

    Besides Ren Yuanlin, Yangzijiang says none of its other directors and executive officers are involved in the investigation.

    It adds that the businesses and operations of the group are unaffected by the investigation and the executive chairman’s leave of absence.

    “The company reserves the right to commence any proceedings and take any actions for any and all causes of action arising from any falsehoods spread in order to protect the reputation of the group and its directors,” it warns.

    Yangzijiang before noon on Aug 8 had called for the trading of its shares to be halted, minutes after SGX posted a query about the company's unusual trading activity.

    By then, shares in Yangzijiang had tumbled 20% to $1.04, with nearly 84 million units changing hands – more than four times higher compared to its 30-day average volume of some 19 million units.

    In a separate announcement after market close on Wednesday, Yangzijiang requested for the lifting of the trading halt.

    “The board is of the opinion that sufficient information has been disclosed to enable trading in the company’s securities to continue in an orderly manner,” it says.

    For the 2Q19 ended June, Yangzijiang saw its earnings slip 6% to RMB 936.4 million ($185.7 million), as revenue fell 12% to RMB 7.03 billion.
     
  6. nottibird

    nottibird Moderator

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  7. Amator

    Amator Well-Known Member

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    Singapore Technologies Engineering Ltd. (S63.SG) said its second-quarter net profit rose nearly 18% on year in the second quarter because of higher contributions from its aerospace division.

    Net profit for the second quarter ended June was 138.16 million Singapore dollars ($100 million), ST Engineering said Wednesday.

    Revenue during the second quarter grew 8% on year at S$1.78 billion.

    ST Engineering said its order book at end June stood at S$15.6 billion, of which about S$3.8 billion is expected to be delivered in the remaining months of 2019.



    Div 5c ..... xd 21/Aug .....
     
  8. Amator

    Amator Well-Known Member

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    SINGAPORE (Aug 13): Wilmar International reported a 52.3% decrease in net profit from continuing operations to nearly US$150.9 million ($209.5 million) for 2Q19 ended June from US$316.4 million in 2Q18 a year ago.

    The agribusiness group said this was mainly due to lower crush margin for the quarter as the impact of the African swine fever outbreak on soybean meal demand was greater than previously expected. However, this was partially offset by strong performances from Consumer Products and Oleochemicals.

    Earnings per share on a fully diluted fell 52% to 2.4 US cents in 2Q19 from 5.0 US cents in 2Q18.

    There was a loss from discontinued operations of US$33.8 million recorded in 2Q19 and US$55.5 million in 1H19 was mainly due to operating losses and finance costs incurred by the Brazilian operations under Shree Renuka Sugars. Profit from continuing operations, net of tax, fell 49.6% to US$173.8 million

    Revenue for 2Q19 decreased 9% to US$9.78 billion from US$10.75 billion a year ago, due to lower commodity prices, partially offset by a 4% increase in sales volume.

    Tropical Oils (Plantation, Manufacturing & Merchandising) reported a 15% increase in pretax profit to US$177.3 million in 2Q19 from a year ago boosted by stronger performance from the manufacturing and merchandising business, on the back of higher sales volume during the quarter. This was partially offset by lower crude palm oil (CPO) prices and production yields, which reduced contributions from the plantation business.

    Oilseeds & Grains (Manufacturing & Consumer Products) registered a lower pretax profit of US$59.2 million in 2Q19, mainly due to the absence of strong crush volume and margins experienced in 2Q18.

    Sugar (Milling, Merchandising, Refining & Consumer Products) reported a pretax loss of US$69.4 million in 2Q19 mainly due to the consolidation of Shree Renuka Sugars which became a subsidiary in June 2018. The Australian and Indonesian operations performed better.

    Joint Ventures & Associates recorded lower contributions of US$21.9 million for 2Q19 from US$49.6 million a year ago, mainly due to weaker performance from the group’s China associates.

    As at end June, total assets stood at US$46.18 billion while shareholders’ funds was US$16.22 billion. Net debt decreased by US$1.01 billion to US$12.45 billion. Correspondingly, net gearing ratio improved to 0.77x in 1H19 from 0.84x in 1H18.

    For the 1H19 ended June, earnings decreased by 21.5% to US$407.9 million from a year ago while revenue declined 7.6% to US$20.2 billion.

    Wilmar’s board has proposed an interim tax exempt dividend for 1H19 of 3 cents per share which will be payable on August 30.

    In his outlook statement, Kuok Khoon Hong, Chairman and CEO, says, “We have submitted our application to list our China operations on the Shenzhen Stock Exchange. With the disclosure of our China operations in the Prospectus, there is now a better understanding and appreciation of the Group’s China operations...We have built similar operations in many countries including Indonesia, India, Vietnam and in many African countries. We strongly believe that these operations, when fully mature, will enjoy similar good returns in the future. We will continue to expand our operations in our core businesses as we believe the future for food demand is in Asia and Africa. Barring any unforeseen circumstances, we expect the margins of our crushing business and other segments to perform better in the remaining half of the year.”
     
  9. nottibird

    nottibird Moderator

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  10. nottibird

    nottibird Moderator

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  11. sotong11

    sotong11 Well-Known Member

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    good morning, snipers
     
  12. nottibird

    nottibird Moderator

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    Bro Plutus,

    Miss Hong Kong plunged alot right?
    Your SHORTs Ho Say leow lor !!! CONGRATS.
     
  13. nottibird

    nottibird Moderator

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  14. plutus2

    plutus2 Well-Known Member

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    thank you Bear Bear.. here is wishing all a Happy National Day

    Hope this week hold up well
     
  15. nottibird

    nottibird Moderator

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  16. koaladreaming

    koaladreaming Well-Known Member

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    good evening Bro Amator, Bro Nottibird, Bro Plutus, Sis Sotong and Sis Sunshine.

    next week is a short week, have a good long holiday break ahead.
     
  17. nottibird

    nottibird Moderator

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  18. nottibird

    nottibird Moderator

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  19. Amator

    Amator Well-Known Member

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    SINGAPORE (July 31): Despite its declining equities and fixed income business, the Singapore Exchange’s booming derivatives business has helped the bourse operator to post a stellar set of results for the full-year ended June.

    SGX’s earnings was up 8% y-o-y at $391 million -- the highest in 11 years.

    This translated to a bigger earnings per share of 36.5 cents compared to 33.9 cents a year ago.

    The company’s revenue was also the highest since listing, up 8% y-o-y, to $909.8 million.

    This came on the back of a record revenue contribution from SGX’s derivatives business, as well as higher revenue contribution from its market data and connectivity business.

    SGX proposed a final dividend of 7.5 cents per share, payable on Oct 18, 2019, bringing the total dividend for the year to 30 cents per share.

    Overall, SGX attributes its strong performance reflects the combined strengths of its multi-asset businesses.

    On its derivatives business, the company says higher volumes and open interest were driven by strong global institutional demand for Asian risk management and investment solutions.

    It also notes that the second half of the year saw an improvement in its securities business as trading activity picked up.

    Looking ahead, SGX Loh Boon Chye says SGX is positioned to grow and scale across different asset classes as Asia is expected to continue to play a leading role in global growth.

    As financial markets in this region developed further with international participation, SGX anticipates greater demand for Asian equity portfolio risk management solutions, as well as access to Asian capital markets and products, he adds.

    As such, Loh is confident of SGX prospects despite slowing growth ahead and trade risks.

    “Our multi-asset offerings put us in a robust footing to meet international demand for this area,” he says at a joint media and analyst briefing on Wednesday evening.

    “In addition, we have invested in products, services and platforms, as well as investments in other companies to capitalise on trends on the individual asset classes.”

    Meanwhile, Loh confirmed news reports that SGX has finalised an agreement with India’s National Stock Exchange (NSE) in regards to trades done in Nifty and Bank Nifty futures contracts.

    The Economic Times reported that, as part of the arrangement, the futures contracts are to be executed in International Financial Services Centre (IFSC), Gift City, Gujarat. SGX will enrol as a client of NSE in Gift City.

    Both bourse operators have submitted their plans to the respective regulators in Singapore and India, says Loh.

    Shares in SGX closed 3 cents lower at $7.92 on Wednesday before the results announcement.

    However, he declined to reveal a timeline for when the approvals will be obtained and the implementation of the NSE-IFSC-SGX Connect.

    “I would say we are optimistic that the joint proposal submitted by SGX and NSE will receive the support from our statutory regulators.

    “Once we obtain our regulatory support, we will work with our key stakeholders on the operational and commercial details of the NSE-IFSC-SGX Connect. We will endeavour to implement the Connect promptly thereafter,” he says.

    upload_2019-7-31_20-55-30.png
     
  20. Amator

    Amator Well-Known Member

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    SINGAPORE (July 31): SIA Group reported earnings of $111.1 million for 1Q19/20 ended June, 20.7% lower than a year ago.

    The weaker bottomline was mainly due to higher share of losses from associate Virgin Australia despite an improvement in Vistara’s performance.

    Correspondingly, earnings per share fell to 9.4 cents from 11.8 cents the previous year.

    1Q19/20 group revenue came in 6.7% higher at $4.1 billion as passenger flown revenue improved $271 million or 8.8%, led by traffic growth of 8.1%, on a 6.6% increase in capacity. Despite the significant capacity injection, RASK (revenue per available seat kilometre) improved 1.3%.

    Cargo flown revenue declined $45 million or 8.4%, as both cargo yield and cargo load factor fell by 4.2% and 2.7 percentage points respectively due to weak cargo demand amid trade uncertainties.

    Expenditure for the group increased 6.9% to $251 million to $3.9 billion. Fuel costs climbed 8.6% to $1.17 billion. The group says it continued to benefit from fuel hedging gains during the quarter.

    Segmentally, the parent airline company saw a 28.2% increase in operating profit to $232 million as strong revenue growth outpaced higher expenditure. Similarly, the SIA Engineering arm recorded 80% growth in profit to $18 million.

    Conversely, SilkAir and Scoot recorded operating losses of $16 million and $37 million respectively. SilkAir was significantly impacted by the grounding of its six 737 MAX 8 aircraft during the period, while Scoot’s capacity growth was limited to 6.5% as a result of reduced aircraft utilisation during the period to improve operational resilience.

    As at June 30, cash and cash equivalents stood at $2.1 billion.

    In its outlook statement, SIA notes that air freight demand has softened amid ongoing trade disputes and uncertain global economic conditions, which are likely to cloud the outlook for passenger demand over the longer term.

    In addition, the grounding of the 737 MAX 8 fleet had disrupted the group’s operations and rate of expansion.

    As fuel price volatility is expected to persist in near term, the group will continue to enter into longer-dated hedges extending to FY2024/25.
     
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