Author Topic: Casino Stocks  (Read 77660 times)

Offline zuolun

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Re: Casino Stocks
« Reply #1400 on: April 08, 2019, 09:00:15 AM »
SGX ~ Bullish Double Bottom, critical support @ S$7.22

SGX closed with a doji @ S$7.44 (+0.02, +0.3%) with 1.62m shares done on 5 Apr 2019.

Immediate support @ S$7.35, immediate resistance @ S$7.52.



SGX ~ Bearish Tower Top Breakout, critical support @ S$7.03

SGX closed with a dark cloud cover @ S$7.31 (-0.02, -0.3%) with 2.04m shares done on 18 Mar 2019.

Immediate support @ S$7.22, immediate resistance @ S$7.40.


Offline odie

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Re: Casino Stocks
« Reply #1401 on: April 08, 2019, 10:54:56 AM »
Zuolun bro,

Looks like palm oil stocks tough to come back
France not listing palm oil as biofuel

https://www.euractiv.com/section/agriculture-food/opinion/europes-palm-oil-strategy-is-fading/

Offline odie

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Re: Casino Stocks
« Reply #1402 on: April 08, 2019, 10:56:12 AM »
OUE HT merging with OUE CT

Offline zuolun

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Re: Casino Stocks
« Reply #1403 on: April 08, 2019, 11:49:47 AM »
CIMB ~ Bearish Symmetrical Triangle Breakout, interim TP RM4.50

CIMB closed with an inverted hammer @ RM5.11 (+0.01, +0.2%) with 2.33m shares done on 5 Apr 2019.

Critical support @ RM4.98, immediate resistance @ RM5.16.



Symmetrical Triangle formation



苏小妹:

如果重量穿破了RM5.60的价位,CIMB的股票就会探底RM5.11,那就会形成了descending triangle chart pattern。


Bearish symmetrical triangle (continuation) to descending triangle chart pattern is a typical textbook example
https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation

CIMB ~ Symmetrical Triangle formation

CIMB closed with a black marubozu @ RM5.68 (-0.17, -2.9%) with 19.5m shares done on 1 Mar 2019.

Immediate support @ RM5.60, immediate resistance @ RM5.91.


Offline zuolun

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Re: Casino Stocks
« Reply #1404 on: April 08, 2019, 01:39:15 PM »
Zuolun bro,

Looks like palm oil stocks tough to come back
France not listing palm oil as biofuel

https://www.euractiv.com/section/agriculture-food/opinion/europes-palm-oil-strategy-is-fading/

Chartist always refers to both; 1) charts + 2) latest news.

Europe’s palm oil strategy is fading ~ dated 7 Feb 2019
https://www.euractiv.com/section/agriculture-food/opinion/europes-palm-oil-strategy-is-fading/

Golden Agri ~ Bullish Rounding Bottom Breakout

Golden Agri closed with a white marubozu @ S$0.32 (+0.005, +1.6%) with 17.0m shares done on 5 Apr 2019.

Immediate support @ S$0.30, Immediate resistance @ S$0.33.



Golden Agri ~ Bullish Rounding Bottom formation

Golden Agri closed with a doji @ S$0.28 with 17.3m shares done on 26 Feb 2019.

Immediate support @ S$0.265, Immediate resistance @ S$0.29.



FCPO futures @ RM2,219 on 8 Apr 2019.
https://www.tradingview.com/symbols/MYX-FCPO1!/



ECRL deal with China to include palm oil buy ~ dated 8 Apr 2019
https://www.thestar.com.my/business/business-news/2019/04/08/ecrl-deal-with-china-to-include-palm-oil-buy/
The current re-negotiations on the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil to RM60mil per km as well as a commitment by the Chinese government to buy Malaysian palm oil and bring in projects, according to sources.

London Stock Exchange refuses to remove palm oil firm from green index ~ dated 7 Apr 2019
https://www.theguardian.com/environment/2019/apr/07/london-stock-exchange-refuses-to-remove-palm-oil-firm-from-green-index
FTSE4Good indices are under fire for inclusion of Golden-Agri Resources.

Identify new markets, palm oil exporters urged ~ dated 7 Apr 2019
https://www.thesundaily.my/business/identify-new-markets-palm-oil-exporters-urged-YC765364


Offline zuolun

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Re: Casino Stocks
« Reply #1405 on: April 09, 2019, 10:00:45 AM »
Following are some useful methods in technical analysis:
a. Trend analysis
b. Chart pattern analysis
c. Momentum analysis
d. Candlestick analysis

ComfortDelgro ~ Ascending Broadening Wedge/Bullish Inverted Head-and-Shoulders chart pattern

ComfortDelgro closed with a bullish harami @ S$2.57 (+0.03, +1.2%) with 5.05m shares done on 8 Apr 2019.

Immediate support @ S$2.49, immediate resistance @ S$2.58.



苏小妹:

ComfortDelgro有两个图形叠在一起;重要的阻力价位在S$2.49。
• Ascending Broadening Wedge chart pattern
• Bullish Inverted Head-and-Shoulders chart pattern


ComfortDelgro ~ Ascending Broadening Wedge, strong resistance @ S$2.49

ComfortDelgro closed with a hanging man @ S$2.47 (+0.03, +1.2%) with 7.77m shares done on 13 Mar 2019.

Immediate support @ S$2.38, strong resistance @ S$2.49.



Offline zuolun

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Re: Casino Stocks
« Reply #1406 on: April 09, 2019, 10:15:11 AM »
OUE HT merging with OUE CT

I never like S-REITS.

"The fundamental principle of value investing is don't do what you don't understand." ~ Warren Buffett

Hyflux rescue bid by SMI falls through amid conflicting statements ~ 8 Apr 2019
https://www.theedgemarkets.com/article/hyflux-rescue-bid-smi-falls-through-amid-conflicting-statements
SM Investments (SMI), the vehicle for the Indonesian Salim Group led by billionaire Anthoni Salim has aborted its proposed deal to invest in Hyflux, ending an agreement that was seen as a lifeline for the beleaguered water treatment company.

Indonesia's Q1 GDP growth slows, consumption remains weak ~ 7 May 2018
http://jakartaglobe.id/news/indonesias-q1-gdp-growth-slows-consumption-remains-weak

The Salim Group and land conflicts around West Papua ~ 7 Feb 2018
https://awasmifee.potager.org/?p=1611



Indonesia's Indofood rattles investors by buying land from CEO

Food giant's $164 million payout is equal to 16.5% of its cash holdings

By Wataru Suzuki
June 14, 2017 11:03 pm JST

JAKARTA -- Indonesian food giant Indofood Sukses Makmur's 2.2 trillion rupiah ($164 million) purchase of land in Jakarta from its chief executive, billionaire tycoon Anthoni Salim, is raising fresh questions over corporate governance in a country where close-knit families wield strong influence over group companies.

The deal, announced on June 8 by Hong Kong-listed First Pacific, Indofood's parent company, had sent Indofood's stock price 5% lower by June 13, as investors considered the additional financial burden. The stock rose 0.9% on Wednesday, and is still up 8% so far this year.

The transaction involves Aston Inti Makmur, an Indofood subsidiary, buying six plots of land in Penjaringan, North Jakarta, with a total area of 42,877 sq. meters for 51 million rupiah per sq. meter. The sellers are Anthoni Salim and Adithya Suramitra, a local company that he owns.

Indofood group subsidiary Salim Ivomas Pratama already uses the land to operate cooking oil facilities. First Pacific said Anthoni Salim had been leasing the property to Salim Ivomas -- some of it for free -- but that after he received an offer from "an independent third party," he gave Indofood a priority offer to buy it.

Indofood "recognizes the importance of the availability of the purchased lands ... to continue its cooking oil production business and decided to accept the offer," First Pacific said.

The deal, which surprised analysts, highlights the influence that controlling shareholders can have over the companies they own, and raises questions over the ability of such businesses to protect the interests of minority shareholders. First Pacific said Anthoni Salim abstained from voting on the acquisition. But Indofood's board of directors includes his son, Axton Salim, and Franciscus Welirang, who is married to Anthoni Salim's sister.

"There have been major improvements in corporate governance in Indonesia," said Yuri Sato, executive vice president at the Japan External Trade Organization. "But when the owner and manager are the same, there are limits to checks and balances."

Anthoni Salim is the second-generation chief executive of Salim Group, considered Indonesia's largest conglomerate, with interests spanning food, retail, automobiles and more. He is the largest shareholder in First Pacific. While some individual companies such as Indofood are publicly listed, the group's overall financials are nearly impossible to grasp due to complex holding structures.

The acquisition price of 2.2 trillion rupiah is equal to 16.5% of Indofood's cash on hand as of March, according to its financial statement. The "purchase price does not look cheap considering the location," local brokerage Mandiri Sekuritas said in a research note on June 9. First Pacific said the land's valuation was provided by "an independent valuer."

Sato said it is unlikely that Anthoni Salim would conduct a deal that would jeopardize Indofood -- one of the world's largest producers of instant noodles -- because the company is Salim Group's crown jewel. She acknowledged that, "There are merits of a structure in which ownership and management are not separated."

Indofood did not respond to requests for comment, and Anthoni Salim could not be reached for comment.

Offline zuolun

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Re: Casino Stocks
« Reply #1407 on: April 09, 2019, 10:26:47 AM »
"The fundamental principle of value investing is don't do what you don't understand." ~ Warren Buffett

账面看不见的麻烦事/黄云浩 ~ 14 Mar 2019
http://www.enanyang.my/news/20190314/%E8%B4%A6%E9%9D%A2%E7%9C%8B%E4%B8%8D%E8%A7%81%E7%9A%84%E9%BA%BB%E7%83%A6%E4%BA%8B%E9%BB%84%E4%BA%91%E6%B5%A9/
选股其实没有什么太多的秘密。基本上就是找一些自己现在能够明白,而在未来5年至10年都不会有太多难度,就其产品与服务的了解,去预测的公司。简单地说,投资就是尽找些只有一尺高的栏杆跨过去,没有必要跨七尺高的栏。


Offline zuolun

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Re: Casino Stocks
« Reply #1408 on: April 09, 2019, 09:07:07 PM »
AEM ~ Bearish Trend Reversal, downside biased

AEM gapped down and closed with a black marubozu @ S$1.09 (-0.06, -5.2%) with 17.4m shares done on 9 Apr 2019.

Immediate support @ S$0.99, immediate resistance @ S$1.15.



AEM ~ Intermediate Bullish Trend Reversal

AEM closed with a "three black crows" candlestick pattern @ S$1.22 (-0.02, -1.6%) with 7.93m shares done on 15 Mar 2019.

Immediate support @ S$1.19, immediate resistance @ S$1.29.



Offline zuolun

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Re: Casino Stocks
« Reply #1409 on: April 09, 2019, 09:26:07 PM »
GENM (4715) ~ Bearish Double Top, downside biased

GENM closed with a spinning top @ RM3.18 (-0.02, -0.6%) with 12.3m shares done on 9 Apr 2019.

Immediate support @ RM3.15, immediate resistance @ RM3.27.



GENM (4715) ~ Intermediate Bullish Trend Reversal

GENM closed with a hanging man unchanged @ RM3.41 with 12.6m shares done on 15 Mar 2019.

Immediate support @ RM3.35, immediate resistance @ RM3.47.


Offline zuolun

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Re: Casino Stocks
« Reply #1410 on: April 09, 2019, 10:00:20 PM »
RHB Research lowers target price for Genting to RM8.31 ~ 5 Apr 2019
https://www.theedgemarkets.com/article/rhb-research-lowers-target-price-genting-rm831
RHB Research Institute Sdn Bhd has maintained a "buy" call on its top pick Genting Bhd with sum-of-parts target price lowered to RM8.31 from RM8.79 previously, on the back of higher gaming tax rate and redevelopment of Resort World Sentosa (RWS) in Singapore.

GENTING (3182) ~ Bear Flag formation, critical support @ RM5.85

GENTING closed with a doji unchanged @ RM6.83 with 1.97m shares done on 9 Apr 2019.

Immediate support @ RM6.70, immediate resistance @ RM6.98.



GENTING (3182) ~ Intermediate Bullish Trend Reversal

GENTING closed with a hammer @ RM6.95 (-0.03, -0.4%) with 9.51m shares done on 15 Mar 2019.

Immediate support @ RM6.80, immediate resistance @ RM7.08.



Offline zuolun

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Re: Casino Stocks
« Reply #1411 on: April 10, 2019, 06:58:49 AM »
"The fundamental principle of value investing is don't do what you don't understand." ~ Warren Buffett

Hyflux default bad news for S'pore bond market: S&P ~ 10 Apr 2019
https://www.straitstimes.com/business/hyflux-default-bad-news-for-spore-bond-market-sp
More defaults may occur as lending conditions turn less favourable: Credit ratings agency

DBS complied with rules as issue manager of Hyflux perps in 2016: MAS  ~ 8 Apr 2019
https://www.theedgesingapore.com/dbs-complied-rules-issue-manager-hyflux-perps-2016-mas
The Monetary Authority of Singapore says that its supervisory reviews to date have not uncovered any impropriety on the part of DBS when performing its roles as both issue manager and distributor of Hyflux perpetual securities in 2016.

Hyflux saga: Flood of questions over debt debacle ~ 7 Apr 2019
https://www.straitstimes.com/business/flood-of-questions-over-debt-debacle
An investor, who asked to be identified as Mr S.G. David, says: "Many of us want to sue Olivia Lum, the board of directors, the auditor and the banks. What we are asking is for the regulator to investigate and find out if there were any breaches committed. With this, we can get our recovery from the personal wealth of Olivia Lum, the board of directors, the issuer, auditor and the banks. We believe we have a case."



Board Director of Temasek’s subsidiary ok with Hyflux CEO getting large remuneration ~ 2 Apr 2019
https://www.theonlinecitizen.com/2019/04/02/board-director-of-temaseks-subsidiary-ok-with-hyflux-ceo-getting-large-remuneration/
In 2017, when Hyflux reported losses of $115.6 million, Ms Lum received between $750,000 and $1 million in salary, benefits and bonuses, SIAS said. “How was Hyflux able to justify such large remuneration given (its) financial position and the performance of (its) businesses and assets?” SIAS asked, questioning as well if there has been an independent investigation on the role of key executives in the firm’s collapse. As it turns out, the person who heads the Board’s Remuneration Committee in Hyflux is Gay Chee Cheong, who is also a member of the Nominating, Audit and Investment Committees. Gay Chee Cheong sits on the board of both Hyflux and Heliconia Capital Management, a wholly owned subsidiary of Temasek Holdings.



Total compliance in financial reporting, but was it misleading? ~ 15 Mar 2019
https://www.theedgesingapore.com/?q=portfolio/total-compliance-financial-reporting-was-it-misleading
The chart below compares the company’s reported net gearing and our adjusted net gearing, if we simply reclassified the perpetual securities as liabilities. Should we also make adjustments for the higher reported profits under INT FRS 112 and capture the perpetual dividends as interests, it is certain profits would have been even lower — and net gearing even higher.


Offline zuolun

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Re: Casino Stocks
« Reply #1412 on: April 11, 2019, 05:31:26 PM »
苏小妹:

Best World的「向下逆转趋势」是从2019年2月18日的一根大阴蜡烛图形开始的。(Not a retracement but a Bearish Major Trend Reversal.)


Following are some useful methods in technical analysis:
a. Trend analysis
b. Chart pattern analysis
c. Momentum analysis
d. Candlestick analysis

Best World ~ Bearish Rounding Top Chart Pattern, critical support @ S$1.84

Best World closed with a harami cross @ S$2.00 (+0.02, +1%) with 3.39m shares done on 10 Apr 2019.

Critical support @ S$1.98, immediate resistance @ S$2.11.



Best World ~ Bearish Island Reversal, critical support @ S$1.84

Best World closed with a spinning top @ S$2.71 with 8.69m shares done on Monday 18 Feb 2019, prior to trading halt.



Best World (weekly) ~ Bearish Tower Top Breakout


Offline zuolun

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Re: Casino Stocks
« Reply #1413 on: April 11, 2019, 09:07:35 PM »
SPH posts 26% fall in 2Q earnings to $29.7 mil on lower revenue, higher costs ~ 9 Apr 2019
https://www.theedgesingapore.com/sph-posts-26-fall-2q-earnings-297-mil-lower-revenue-higher-costs

UOB KayHian upgraded SPH to 'BUY' TP S$2.82 ~ 3 Apr 2019
https://www.theedgesingapore.com/?q=sph-raised-buy-uob-underappreciated-defensive-dorm-business

SPH ~ Potential Inverted Cup-and-Handle/Triple Bottom Formation, critical support @ S$2.31

SPH closed with a black marubozu @ S$2.44 (-0.03, -1.2%) with 6.91m shares done on 11 Apr 2019.

Immediate support @ S$2.39, immediate resistance @ S$2.51.



Inverted Cup-and-Handle Chart Pattern
http://www.finvids.com/Chart-Pattern/Cup-And-Handle/



苏小妹:

典型的春夏秋冬图形比喻无论是大方向或是小方向,股票会有四个阶段。当股票经过了三个阶段 [春(1)Accumulation、夏(2)Advancing、秋(3)Distribution,来到了最后一个阶段「冬」(4)Declining] 的尾声纯属一场赌博。因为在这个时候进场买入股票抄底(Bottom fishing)博反弹,赢的机率只有5%。


SPH ~ Rounding Top Chart Pattern (典型的春夏秋冬图形)

SPH closed with a long-legged doji unchanged S$2.43 with 3.87m shares done on 2 Apr 2019.

Immediate support @ S$2.39, immediate resistance @ S$2.47.


Offline zuolun

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Re: Casino Stocks
« Reply #1414 on: April 12, 2019, 12:18:39 PM »
苏小妹:

2019年4月11日的一根大阴蜡烛图形穿破了1,627的支撑;富时隆综指(FBMKLCI)下一个比较强的支撑在1,564。


Following are some useful methods in technical analysis:
a. Trend analysis
b. Chart pattern analysis
c. Momentum analysis
d. Candlestick analysis

马股跌至3年新低 ~ 11 Apr 2019
https://www.theedgemarkets.com/article/%E9%A9%AC%E8%82%A1%E8%B7%8C%E8%87%B33%E5%B9%B4%E6%96%B0%E4%BD%8E

FBMKLCI ~ Falling Wedge Chart Pattern

FBMKLCI closed @ 1,624.23 (-15.23, -0.9%) on 11 Apr 2019.

Immediate support @ 1,609, immediate resistance @ 1640.



FBMKLCI ~ Falling Wedge/Double Bottom chart pattern, critical support @ 1,627

FBMKLCI closed @ 1,641.81 (-3.26, -0.2%) on 5 Apr 2019.

Immediate support @ 1,627, immediate resistance @ 1657.



Offline zuolun

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Re: Casino Stocks
« Reply #1415 on: April 12, 2019, 02:09:17 PM »
When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low.

国能3年最惨·马股2年新低 ~ 12 Apr 2019
https://www.sinchew.com.my/content/content_2037297.html

国库控股折价卖1.5% 国能市值蒸发近30亿 ~ 12 Apr 2019
http://www.enanyang.my/news/20190412/%E5%9B%BD%E5%BA%93%E6%8E%A7%E8%82%A1%E6%8A%98%E4%BB%B7%E5%8D%961-5br-%E5%9B%BD%E8%83%BD%E5%B8%82%E5%80%BC%E8%92%B8%E5%8F%91%E8%BF%9130%E4%BA%BF/

Tenaga sees RM2.5b erased, Khazanah placed out 85m shares at RM1b ~ 11 Apr 2019
https://www.thestar.com.my/business/business-news/2019/04/11/tenaga-sees-rm2pt5b-erased-from-market-cap/
Before the placement, Khazanah Nasional was the largest shareholder in the power giant at 28.76% or 1.635 billion shares followed by the Employees Provident Fund with 14.05%. Skim Amanah Saham Bumiputera owns 9.10% and KWAP 5.45%.

TENAGA ~ Bearish Double Top Breakout, interim TP @ RM10.67

TENAGA closed with a hammer @ RM12.06 (-0.52, -4.1%) with high volume done at 15.7m shares on 11 Apr 2019.

Immediate support @ RM11.80, immediate resistance @ RM12.29.


Offline zuolun

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Re: Casino Stocks
« Reply #1416 on: April 12, 2019, 02:55:15 PM »
S&P: Hyflux’s capital structure “hardly sustainable” when it issued perpetual securities in 2016 ~ 11 Apr 2019
https://www.theonlinecitizen.com/2019/04/11/sp-hyfluxs-capital-structure-hardly-sustainable-when-it-issued-perpetual-securities-in-2016/
  • S&P commented, “Following some erratic operating performance in the previous years, Hyflux still managed to issue perpetual securities in May 2016.”
  • “Numbers at that time already suggested that the company’s capital structure was hardly sustainable, with a ratio of net debt to Ebitda above 10 times in 2015, and negative Ebitda in 2014, driven by performance issues at the company’s Tuaspring desalination and power plant,” it added.
  • After a rebound in 2016 with Ebitda of $179 million, Hyflux went downhill all the way. It posted a negative Ebitda of $68 million in 2017, and deepened its operating losses to $256 million in the first 9 months of 2018.
  • As at Sept 30, 2018, short-term debt was $508 million and cash $194 million, making a capital structure revamp inevitable in the light of the earnings momentum, S&P pointed out.
Total compliance in financial reporting, but was it misleading? ~ 15 Mar 2019
https://www.theedgesingapore.com/?q=portfolio/total-compliance-financial-reporting-was-it-misleading
The chart below compares the company’s reported net gearing and our adjusted net gearing, if we simply reclassified the perpetual securities as liabilities. Should we also make adjustments for the higher reported profits under INT FRS 112 and capture the perpetual dividends as interests, it is certain profits would have been even lower — and net gearing even higher.



Hyflux says perpetual and preference shareholders will lose everything in liquidation ~ 21 Jan 2019
https://www.straitstimes.com/business/companies-markets/hyflux-says-perpetual-and-preference-shareholders-will-lose-everything-in
"Many of you have been asking what I am personally giving to this company. But with SM Investments coming into the company, this is effectively a takeover and I no longer own much shares. In fact, almost no shares so I will no longer be in the driving seat." Still, she stressed that she plans to stay on for as long as possible to ensure a smooth transition.




Offline zuolun

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Re: Casino Stocks
« Reply #1417 on: April 12, 2019, 09:14:24 PM »
苏小妹:

Best World的「向下逆转趋势」是从2019年2月18日的一根大阴蜡烛图形开始的。(Not a retracement but a Bearish Major Trend Reversal.)


Following are some useful methods in technical analysis:
a. Trend analysis
b. Chart pattern analysis
c. Momentum analysis
d. Candlestick analysis

Best World ~ Bearish Rounding Top Breakout, interim TP S$1.35

Best World closed with a black marubozu @ S$1.77 (-0.17, -8.8%) with 9.05m shares done on 12 Apr 2019.

Immediate support @ S$1.60, immediate resistance @ S$1.92.



Best World ~ Bearish Rounding Top Chart Pattern, critical support @ S$1.84

Best World closed with a harami cross @ S$2.00 (+0.02, +1%) with 3.39m shares done on 10 Apr 2019.

Critical support @ S$1.98, immediate resistance @ S$2.11.



Best World ~ Bearish Island Reversal, critical support @ S$1.84

Best World closed with a spinning top @ S$2.71 with 8.69m shares done on Monday 18 Feb 2019, prior to trading halt.



Best World (weekly) ~ Bearish Tower Top Breakout ~ 18 Feb 2019




Offline odie

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Re: Casino Stocks
« Reply #1418 on: April 13, 2019, 08:46:02 AM »
Zuolun bro,

Salim showhand and lowball offer for indoagri

Lolx

Offline zuolun

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Re: Casino Stocks
« Reply #1419 on: April 13, 2019, 11:38:28 AM »
苏小妹:

I never like S-REITs.

还好在ESR-Reit与Viva Ind Tr合并之前,你已经卖掉Viva Ind Tr 的股票了!


Highly-Leveraged S-REITs:
  • S-REITs have a gearing ratio of 45%, as mandated by the Monetary Authority of Singapore.
  • The gearing ratio is calculated by taking a REIT’s total borrowings and dividing it by its total assets.
  • If the 45% cap is hit, the REIT will have to raise funds through a rights issue or private placement to pare down debt and bring its gearing ratio down to a more palatable level.
ESR-REIT downgraded to 'hold' on potential rental default from Hyflux Membrane ~ 10 Apr 2019
https://www.theedgesingapore.com/esr-reit-downgraded-hold-potential-rental-default-hyflux-membrane
ESR-REIT also has a relatively high net gearing ratio of 41.9%, which increases its risk of a dilutive equity financing.

Hyflux admits $2.81b in claims after adjudication ~ 18 Mar 2019
https://www.straitstimes.com/business/companies-markets/hyflux-admits-281b-in-claims-after-adjudication
And, when it came to the $150 million claimed by RBC Investor Services Trust Singapore, the trustee of ESR-Reit, for a rent guarantee on Hyflux's Tuas Hub lease, only $83.3 million of that sum made the cut.

Ascendas REIT and ESR-REIT could suffer short-term pains from Hyflux troubles

8 Mar 2019

The two REITs have exposure to three properties where Hyflux operates.

Hyflux’s default troubles with the Public Utilities Board (PUB) could spark some short-term pains for Ascendas REIT, which is exposed to Hyflux Building and Hyflux Innovation Centre, and ESR-REIT, which is exposed to 8 Tuas South Lane, CGS-CIMB said in a report.

ESR-REIT has already filed proofs of claim against Hyflux on 6 March. 100% of the REIT’s 8 Tuas South Lane property is leased to Hyflux with the water treatment firm currently on the first year of its 15-year lease with ESR-REIT.

Hyflux is one of ESR-REIT’s top-10 tenants by rental income and income from the property accounted for 3.5% of rental income in December 2018.

Assuming a worst-case scenario wherein Hyflux is unable to fulfil its rental obligations, the REITs are unable to lease out space in the most recent financial year, and the full amount of the security deposit was drawn down for rental, ESR-REIT would suffer a 5.4% drop in annualised Q4 2018 distribution per unit.

Meanwhile, Hyflux’s troubles are expected to have a muted impact on Ascendas REIT. The REIT has Hyflux Building vacant since January 2019. The building contributed $1.9m of rental income as of 2018.

Hyflux currently occupies 50% of Hyflux Innovation Centre as its headquarters and has been fulfilling its rent payment obligations to Ascendas REIT. As of 31 December 2018, the property had an occupancy of 88.6%. The asset contributed $17.6m of rental income.

Ascendas REIT has a security deposit of $7.6m on both assets. Hyflux accounted for 1.2% of Ascendas REIT’s monthly portfolio gross revenue.

CGS-CIMB analyst Lock Mun Yee commented, “We further assume 50% revenue exposure for Hyflux Innovation Centre. We estimate that the c.$7.6m security deposit would cover c.8.5 months of rental income for both Ascendas REIT assets. On a pro-forma basis, we estimate that the impact to FY3/18 revenue would have been less than 1%.”

“Due to the current non-default of rental payments, we have not factored any impact into our numbers and maintain our forecasts pending greater clarity on the outcome of Hyflux’s restructuring. Key downside risks would be a default on rental and an inability to backfill vacancies, resulting in earnings downside and valuation risk,” Lock concluded.

ESR REIT files proofs of claim against Hyflux ~  6 Mar 2019
https://www.theedgesingapore.com/hyflux-restructuring-plans-rocked-pub-notice-tuaspring-esr-reit-files-proofs-claim

As a rule of thumb; buying stocks at the peak is risky when there is corporate activity.

You jumped into buying the shares at high cost before it was halted whereas 苏小妹 has been vested in Viva Ind Tr at much lower cost, long time ago.

Based on Viva Ind Tr's weekly chart, she bought at cheap and had collected many rounds of dividends. so her risk tolerance is much stronger than you.

Viva Ind Tr (weekly) as at 18 May 2018.


Offline zuolun

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Re: Casino Stocks
« Reply #1420 on: April 13, 2019, 11:53:13 AM »
Zuolun bro,

Salim showhand and lowball offer for indoagri

Lolx

Indoagri's financial situation(资不底债)is no better than Hyflux.

It's a blessing in disguise that The Salim Group has decided to bail-out the SGX-listed company shareholders to save FACE「臭屎密冚」, nothing else.

资不底债
https://baike.baidu.com/item/%E8%B5%84%E4%B8%8D%E6%8A%B5%E5%80%BA
资不抵债,指个人或企业的全部债务超过其资产总值以致不足以清偿债权人的财务状况。 其着眼点是资债比例关系及因此而产生的风险,其偿还能力仅以实有财产为限,不考虑信用、能力等其他的偿还能力

Offline odie

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Re: Casino Stocks
« Reply #1421 on: April 13, 2019, 07:17:29 PM »
Zuolun bro,

Thanks for advice
Have already exited Esr reit at 53.5
No more positions there

Currently holding
Frasers Com
Frasers H trust
OUE C Trust (rights issue coming soon)
Jardine C&C
Vividthree
Sabana reit

High risk
Joyas
Magnus
Marco Polo marine
Yinda Infocomm

Offline zuolun

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Re: Casino Stocks
« Reply #1422 on: April 13, 2019, 09:32:19 PM »
Indoagri's financial situation(资不底债)is no better than Hyflux.

It's a blessing in disguise that The Salim Group has decided to bail-out the SGX-listed company shareholders to save FACE「臭屎密冚」, nothing else.

资不底债
https://baike.baidu.com/item/%E8%B5%84%E4%B8%8D%E6%8A%B5%E5%80%BA
资不抵债,指个人或企业的全部债务超过其资产总值以致不足以清偿债权人的财务状况。 其着眼点是资债比例关系及因此而产生的风险,其偿还能力仅以实有财产为限,不考虑信用、能力等其他的偿还能力

Indonesian billionaire using ‘shadow companies’ to clear forest for palm oil, report alleges ~ 11 Apr 2018
https://news.mongabay.com/2018/04/indonesian-billionaire-using-shadow-companies-to-clear-forest-for-palm-oil-report-alleges/
The corporate structure of Salim’s conglomerate — a foundation of publicly listed companies with declared sustainability commitments and Salim Group-related shadow companies that allegedly continue to operate illegally — should be of serious concern to investors and business partners, the report argues.
  • Two plantation companies linked to Anthoni Salim, Indonesia’s third-richest man, are deforesting a peat swamp in Borneo, according to new research by Aidenvironment.
  • In response to the findings, Citigroup said it was cancelling all lending agreements with IndoAgri, the Salim Group’s agribusiness arm.
  • The Salim Group was previously accused of being behind four companies at the forefront of illegal oil palm expansion in Indonesia’s Papua region, employing a complex network of shared directorships and offshore companies to obfuscate its responsibility.
  • “It is not just the Salim Group; most of the main palm oil groups have these ‘dark sides’ that continue to deforest,” said Selwyn Moran, founder of investigative blog awas MIFEE.

Offline zuolun

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Re: Casino Stocks
« Reply #1423 on: April 13, 2019, 09:38:06 PM »
Lippo Mall Puri in West Jakarta sells for US$262 million ~ 12 Mar 2019
https://insideretail.asia/2019/03/12/lippo-mall-puri-in-west-jakarta-sells-for-us262-million/
Reit Lippo Malls Indonesia Retail Trust (LMIRT) plans to buy Lippo Mall Puri in West Jakarta for US$261.6 million. Lippo Mall Puri is held by a unit of PT Lippo Karawaci Tbk, the sponsor of Lippo Indonesia Retail Trust. It will be the Reit's largest acquisition.

Lippo Malls ~ Trading in a downward sloping channel, interim TP S$0.177, next TP S$0.109

Lippo Malls closed with an inverted hammer @ S$0.196 (-0.002, -1%) with 1.93m shares done on 12 Apr 2019.

Immediate support @ S$0.188, immediate resistance @ S$0.20.



Lippo Malls ~ Bearish Rectangle Breakout, interim TP S$0.20, next TP S$0.185

Lippo Malls closed with a gravestone doji @ S$0.24 (-0.005, -2%) with 400,000 shares done on 9 Nov 2018.

Immediate support @ S$0.225, immediate resistance @ S$0.25.



Lippo Malls ~ Bearish Rectangle Breakout, interim TP S$0.23

Lippo Malls closed with a black marubozu @ S$0.275 (-0.005, -1.8%) with 5.52m shares done on 31 Aug 2018.

Immediate support @ S$0.26, immediate resistance @ S$0.29.



矩形特征;
1、既可以在涨势中出现,也可以在跌势中出现;
2、股价在上下距离相近的水平位置中作上下波动,将高点和低点分别边线,就构成一个长方形的图形,最后寻求向上或向下突破。
3、在矩形形成过程中,成交量不断减少,向上突破必须有成交量激增的配合,向下突破则不一定放量。

矩形 (Bullish and Bearish Rectangle Chart Pattern)



Offline zuolun

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Re: Casino Stocks
« Reply #1424 on: April 14, 2019, 11:30:37 PM »
Zuolun bro,

Thanks for advice
Have already exited Esr reit at 53.5
No more positions there

Currently holding
Frasers Com
Frasers H trust
OUE C Trust (rights issue coming soon)
Jardine C&C
Vividthree
Sabana reit

High risk
Joyas
Magnus
Marco Polo marine
Yinda Infocomm

I'm negative on OUE C-Reit's rights issue. (10个锅9个盖)

The recent "dead cat bounce" relief rally is done on the Lippo Group's SGX-listed companies in Singapore. (Ref. Performance chart dated 12 Apr 2019.)

(The best time to run road on OUE C-Reit was immediately after the OUE C-REIT and OUE H-Trust merger news dated 8 Apr 2019.)

REIT consolidation continues as OUE C-REIT proposes to acquire OUEHT for $1.49 bil; unitholders to suffer dilution again ~ 15 Apr 2019
https://www.theedgesingapore.com/print-edition/reit-consolidation-continues-oue-c-reit-proposes-acquire-oueht-149-bil-unitholders

OUE C-REIT and OUE H-Trust in merger to create diversified S-REIT with $6.8b in assets ~ 8 Apr 2019
https://www.theedgesingapore.com/?q=oue-c-reit-and-oue-h-trust-merger-create-diversified-s-reit-68b-assets

Performance chart of Lippo Group's SGX-listed companies in Singapore as at 12 Apr 2019


Offline zuolun

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Re: Casino Stocks
« Reply #1425 on: April 15, 2019, 08:54:07 AM »
苏小妹:

GSH以下两张图显示去年与今年突然出现的巨量均是强烈的卖出信号。
1. 2019年1月11日 extremely heavy volume done @ 105 million shares.
2. 2018年10月19日 heavy volume done @ 31 million shares.


Following are some useful methods in technical analysis:
a. Trend analysis
b. Chart pattern analysis
c. Momentum analysis
d. Candlestick analysis
e. Volume analysis

GSH ~ Trading in a downward sloping channel, interim TP S$0.225

GSH closed with a dragonfly doji unchanged @ S$0.29 with 230,000 shares done on 12 Apr 2019.

Immediate support @ S$0.28, immediate resistance @ S$0.31.



GSH ~ Trading in a downward sloping channel, interim TP S$0.28

GSH closed with a white marubozu unchanged @ S$0.395 with heavy volume done at 31.0m shares on 19 Oct 2018.

Immediate support @ S$0.38, immediate resistance @ S$0.40.


Offline zuolun

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Re: Casino Stocks
« Reply #1426 on: April 15, 2019, 01:11:30 PM »
苏小妹:

I never like S-REITs.

还好在ESR-Reit与Viva Ind Tr合并之前,你已经卖掉Viva Ind Tr 的股票了!

苏小妹:

从技术分析的角度来判断股票买卖时机;我是绝对不会在高价买入或因为企业并购(M&A)而长期持有ESR这只股票的。

苏小妹:

K线战法:三只黑乌鸦(三十六策,走为上策)。


ESR-Reit ~ Bearish Major Trend Reversal, downside biased

ESR-Reit closed with a "three black crows" @ S$0.52 (-0.005, -1%) with 4.11m shares done on 12 Apr 2019.

Immediate support @ S$0.515, immediate resistance @ S$0.53.



ESR-Reit (weekly) ~ Double Top Formation, downside biased



Offline zuolun

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Re: Casino Stocks
« Reply #1427 on: April 16, 2019, 12:16:41 PM »
I'm negative on OUE C-Reit's rights issue. (10个锅9个盖)

The recent "dead cat bounce" relief rally is done on the Lippo Group's SGX-listed companies in Singapore. (Ref. Performance chart dated 12 Apr 2019.)

(The best time to run road on OUE C-Reit was immediately after the OUE C-REIT and OUE H-Trust merger news dated 8 Apr 2019.)

10个锅9个盖是什么意思?
https://zhidao.baidu.com/question/181580276.html
是指企业之间相互拆借,如果资金链条不断裂,这种拆借游戏玩转商业领域。

OCBC on First REIT - Ceasing coverage due to a reallocation of internal resources ~ 11 Apr 2019
https://www.theedgesingapore.com/first-reit%E2%80%99s-1q-results-come-line-cgs-cimb-ocbc%E2%80%99s-expectations
• DPU flat.
• Some uncertainties to address.
• Annualized 1Q19 yield of 8.7%.

Indonesia’s Lippo Karawaci secures funding US$1.01b ~ 12 Mar 2019
https://theinsiderstories.com/indonesias-lippo-karawaci-secures-funding-us1-01b/

贿赂地方政府高官 印尼力宝集团高管判监三年半 ~ 8 Mar 2019
http://www.80sd.org/guoji/2019/03/08/67518.html

At graft court, Bekasi regent says home minister told her to facilitate Meikarta project ~ 14 Jan 2019
https://www.thejakartapost.com/news/2019/01/14/at-graft-court-bekasi-regent-says-home-minister-told-her-to-facilitate-meikarta-project.html

Mochtar Riady's Lippo Group faces fresh challenge ~ 12 Dec 2018
https://www.forbes.com/sites/naazneenkarmali/2018/12/12/indonesias-richest-2018-driven-to-diversify/#344f626a1962

How Lippo's field of dreams could become a house of cards ~ 7 Dec 2018
https://asia.nikkei.com/Business/Company-in-focus/How-Lippo-s-field-of-dreams-could-become-a-house-of-cards



力宝集团副主席住家被搜 “印尼深圳”发展项目前景堪忧 ~ 19 Oct 2018
http://beltandroad.zaobao.com/beltandroad/news/story20181019-900391


Offline odie

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Re: Casino Stocks
« Reply #1428 on: April 19, 2019, 09:43:43 PM »
https://www.theedgesingapore.com/hk-listed-cwt-international-defaults-loan-interests-and-fees-3-cwt-linked-reits-could-be-hit (http://"https://www.theedgesingapore.com/hk-listed-cwt-international-defaults-loan-interests-and-fees-3-cwt-linked-reits-could-be-hit")

HK-listed CWT International defaults on loan interests and fees; 3 CWT-linked REITs could be hit
By: Samantha Chiew
16/04/19, 02:44 pm


SINGAPORE (Apr 16): Hongkong-listed CWT International (CWTI) on Tuesday announced it has failed to pay accrued interests and fees to lenders totalling HK$63 million ($10.9 million) which have become due and payable under a HK$1.4 billion facility.

As a default has occurred, the lenders have issued demands for immediate payment of the HK$1.4 billion principal and HK$63 million in interests and fees, says CWTI in a filing to the Hongkong Exchange.

This security pledged against the HK$1.4 billion facility -- including 100% of CWT, HK$1.2 billion worth of UK properties, US investment properties and golf courses in China -- are also enforceable.

If the outstanding amounts are not repaid by 9am tomorrow, the lenders have threatened to obtain possession of all charged assets and will appoint a receiver and manager over them.

In addition, the default has triggered a cross default under a HK$766 million term loan facility granted by a lender to an undisclosed wholly owned subsidiary of CWTI.

CWTI says that it is actively negotiating with relevant lenders to come up with other repayment arrangements.

Nonetheless, CWTI confirms that the group’s total asset is valued more than the above outstanding loans and related amounts. As at Dec 31, 2018, its total assets and net assets came up to HK$24.6 billion and HK$5.3 billion, respectively.

CWTI owns 100% of CWT which has two Singdollar bonds outstanding -- EJ617399 Corp maturing on Apr 18, 2019 and EK799789 Corp maturing on Feb 18, 2020.

According to morning note by UOB KayHian, three Singapore REITs also have exposure to CWT.

They are AIM APAC REIT (AAREIT) with 8.4% of 3Q19 gross rental income (GRI) or $10 million, Mapletree Logistics Trust (MLT) with 9.1% of FY18 GRI or $36 million, and Cache Logistics Trust (CacheLog Trust) with 20.6% of FY18 GRI of $25 million.

UOB says CWT could face potential breach of loan covenants and its operations could also be impacted if CWTI’s lenders enforce security.

CWTI could also see a change in control, which in turn may cause the covenants in certain loan facilities of CWT and its subsidiaries to be breached, thus resulting in cross defaults of those loan facilities.

"We have highlighted the implications on CWT, AIMS APAC REIT, CacheLog Trust and MLT. Overall, we expect CWTI’s news to potentially result in weakness for CWT’s bonds and some of the REITs bonds/perps mentioned below. We will continue to monitor and provide updates accordingly. Do take note that that CWTSP bonds are not under research coverage," says UOB.

In a separate note on MLT, UOB says its REIT manager is well aware that CWTI and the broader HNA Group are in financial distress.

As a precaution, MLT has collected security deposits of six months from CWT.

About 30% of CWT's properties are leased to third party end-users under sub-lease agreements.

“In the event that CWT is wound up, MLT will take over these sub-leases. For the remaining 70% of leases, MLT will refer the end-users -- such as Cold Storage -- to other third party logistics providers, who could take over the leases,” says UOB.

CWT became MLT's largest tenant after MLT acquired five modern ramp-up logistics facilities from CWT for $778 million last July.

The five modern warehouses are purpose-built with good logistics specifications, such as floor loading of 20-50kN psm and floor-to-ceiling height of 9-14m.

They are located in three logistics clusters in the western region and in close proximity to Jurong Port and PSA Terminals.

“MLT should not have difficulties re-letting the properties to replacement tenants,” says UOB which has a “hold” on the MLT.

Offline odie

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Re: Casino Stocks
« Reply #1429 on: April 25, 2019, 08:09:23 PM »
another stock i am watching is trendlines
it is something like hotung but israel company not taiwan
lolx