Author Topic: Casino Stocks  (Read 1879366 times)

Offline odie

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Re: Casino Stocks
« Reply #1950 on: April 22, 2020, 04:22:14 PM »
https://
www.scmp.com/news/asia/east-asia/article/3080715/japan-dirty-*-online-backlash-against-prime?src=amp-article-read-more

In Japan, dirty face masks spark online backlash against prime minister
Julian Ryall
Published: 5:00pm, 20 Apr, 2020

Offline odie

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Re: Casino Stocks
« Reply #1951 on: April 22, 2020, 07:25:58 PM »
https://
www.casino.org/news/sands-china-is-asking-lenders-for-waivers-to-avoid-a-possible-default/

Sands China, Seeking Flexibility, Asks Lenders to Waive Default Agreements Through July 2021

Todd Shriber Todd Shriber
4 weeks ago

Offline zuolun

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Re: Casino Stocks
« Reply #1952 on: April 24, 2020, 08:56:55 AM »
Hin Leong Tading files for bankruptcy protection ~ 18 Apr 2020
https://technocodex.com/hin-leong-trading-files-for-bankruptcy-protection/

Sembcorp ~ Trading in a downward sloping channel, interim TP S$1.30

Sembcorp closed with a hanging man @ S$1.51 (-0.02, -1.3%) with 4.31m shares done on 23 Apr 2020.

Immediate support @ S$1.48, immediate resistance @ S$1.58.



How to use rectangle chart pattern to trade breakout
https://www.babypips.com/learn/forex/rectangles



Hin Leong files for JM; SCI acts to safeguard gasoil at HL unit

By Anita Gabriel
23 Apr 2020

Beleaguered oil trading giant pulls out court application for debt moratorium

Pressed for time as it grapples with a debt pile of US$4 billion, Singapore's giant oil trader Hin Leong Trading (HLT) has pulled out its application to the court for a debt moratorium and decided instead to go down the judicial management path, according to sources.

The Business Times understands that PricewaterhouseCoopers (PwC) LLP, the accounting firm that was hired by the trader to help fix its dire financials and "protect and preserve its assets and cash", will be appointed as interim judicial manager.

The move has surprised some market watchers. "It puzzles me. There are very good reasons to stick to section 211B (of the Companies Act that involves a moratorium order)," said Robson Lee, a Singapore-based partner at Gibson, Dunn & Crutcher.

"JM (judicial management) is a blunt instrument that works in limited situations. The hard truth is that JM is value destructive since management - with its know-how, connections and technical expertise - is abruptly displaced by accountants who lack the relevant domain knowledge," Mr Lee added. Last week, Hin Leong told all 23 lenders that were exposed to the firm that if they opposed the debt moratorium application under section 211B of the Companies Act, it would file applications for judicial management and/or interim judical management.

In that letter dated April 17, HLT's director Evan Lim Chee Meng - son of the group's founder, billionaire Lim Oon Kuin also known as OK Lim - said the firm was fully prepared to abide by the position of the bank lenders.

Things appear to have worsened rapidly since for cash-strapped Hin Leong as it seeks to restructure crippling debts brought to bear by an oil crash. The developments have transfixed players in the city state's mammoth oil trading and bunkering space - and a key global hub.

As at April 9, 2020, HLT's total liabilities were about US$4.05 billion, whereas it has some US$714 million in assets.

A probe by Singapore's Commercial Affairs Department (CAD) into the group has further deepened its crisis amid news that the trader had failed to disclose US$800 million of losses from futures trading in its financial statements.

Meanwhile, on Wednesday, Sembcorp Industries (SCI) said its wholly owned power generation unit has scrapped a more than decade old gasoil supply and storage (GSS) deal with embattled HLT to safeguard its interest.

The carrying book value of the gasoil reserves that Sembcorp Cogen has stored with HLT as at end-2019 stood at S$94 million, said SCI in an announcement on Wednesday (22 Apr 2020).

Court documents filed last Friday for the moratorium order revealed that SCI had issued a notice to HLT, demanding that the cargo (gasoil) is not discharged and that its inventory is consolidated into dedicated tanks and demarcated.

The documents also reveal that Sembcorp Cogen's gasoil inventory was stored at Universal Terminal, a commercial storage facility in Singapore's Jurong Island, which Hin Leong co-owns with China's oil giant PetroChina and Macquarie Asia Infrastructure Fund (MAIF).

HLT also provides storage and management services for the gasoil reserves on behalf of Sembcorp Cogen, said SCI.

Sembcorp Cogen had inked the GSS agreement with HLT in 2009 to comply with the licence requirement by Singapore's Energy Market Authority (EMA) to have enough gasoil reserves to last at least 60 days of operations. At least 30 days of the operational reserves must be located at Sembcorp Cogen's generating premises or on a site approved by EMA.

"Given the recent news reports relating to HLT and the (debt) moratorium, Sembcorp Cogen has taken steps to protect its interests over the gasoil reserves and had terminated the GSS Agreement," said SCI, adding that it has notified EMA of the situation.

Singapore Hin Leong's oil assets have strategic value for China's state oil companies ~ 22 Apr 2020
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/042220-singapore-hin-leongs-oil-assets-have-strategic-value-for-chinas-state-oil-companies
  • Chinese NOC has signed non-disclosure agreement with Hin Leong: filing.
  • Lim family assets key to Sinopec's expansion in Southeast Asian markets.
  • Sinopec, PetroChina are trade creditors to Hin Leong for past transactions.
The most valuable Lim family asset that remains is Universal Terminal, in which PetroChina has a 25% share, Macquarie has 34% and the Lim family has the remaining 41%. PetroChina and Macquarie have first right of refusal for the remaining share, but they are unlikely to want operational responsibility, a storage operator said. They built it for $850 million in 2008 and it has a market value of $2 billion-$2.5 billion, so 41% still gets some money back.


Offline zuolun

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Re: Casino Stocks
« Reply #1953 on: April 26, 2020, 12:43:17 PM »
郑丁贤.Cheng Hu 搞砸了,怎么办? ~ 24 Apr 2020
https://www.sinchew.com.my/content/content_2259421.html

618 new COVID-19 cases in S'pore, total at 12,693, Seven new cases are S'poreans or PRs ~ 25 Apr 2020
https://www.channelnewsasia.com/news/singapore/covid-19-coronavirus-singapore-northpoint-city-cluster-12675896
7 new Covid-19 clusters in S'pore, including Northpoint City in Yishun; 597 of 618 new cases are workers in dormitories.

COVID-19 surge exposes ugly truth about Singapore’s treatment of migrant workers ~ 24 Apr 2020
https://www.huffpost.com/entry/singapore-coronavirus-migrant-worker_n_5ea15e27c5b69150246df77f
Singapore’s coronavirus escalation lays bare the “parallel universe” of poor conditions endured by migrant workers who are essential to the affluent city-state.



Singapore ponders mass testing as COVID-19 outbreak balloons ~ 24 Apr 2020
https://finance.yahoo.com/news/singapore-ponders-mass-testing-virus-052739821.html
  • Singapore’s early public rhetoric indicated a reluctance to test widely, with a focus on those with symptoms to avoid wasting tests. Kenneth Mak, the health ministry’s director of medical services, said in early March that “community testing for all people, irrespective of whether they have symptoms or not, will generate a lot of activity” but have a low yield.
  • The health ministry’s website says it had swabbed about 14,500 unique individuals per million as of April 20, with more than 80,000 unique people tested in total.
  • The possible move comes as South Korea, which launched a massive testing campaign, managed to slow the growth of infection by early March. Due in part to its actions, the epidemic spiked quickly in the country but also ebbed rapidly.
  • Hong Kong also widened its virus response beyond contact tracing to include community testing as it became apparent the coronavirus was different from 2003’s Severe Acute Respiratory Syndrome, where those infected fell seriously - and obviously - ill.


Singapore proves there's no textbook virus response: Daniel Moss ~ 22 Apr 2020
https://sg.news.yahoo.com/singapore-proves-theres-no-textbook-virus-response-daniel-moss-020751297.html
  • You could point to the lack of stricter measures to date for the rapid increase. But in retrospect, the 43 foreign-worker dormitories were an accident waiting to happen. Conditions in these housing units meant that once the virus got a toehold, swift transmission was inevitable.
  • Perhaps the best lesson from Singapore is that there is no single playbook to combat an adversary that disregards boundaries. Even the most efficient and risk-averse countries have been sideswiped. The pandemic responses of the future may wind up splicing together the most effective steps taken around the world — unfortunately, that's a template we may not see for years to come.
Winning the battle against a virus | On the Red Dot | Full Episode ~ 21 Apr 2020
https://www.youtube.com/watch?v=Wx0apJ7SBdE
Singapore confirms 1st case of virus on 23 Jan 2020. The patient is a 66-year-old Chinese national and a resident of Wuhan.

Explainer | How did migrant worker dormitories become Singapore’s biggest coronavirus cluster? ~ 17 Apr 2020
https://www.scmp.com/week-asia/explained/article/3080466/how-did-migrant-worker-dormitories-become-singapores-biggest
The first infected migrant worker infection was reported on February 8, when a 39-year-old Bangladeshi man working at the Seletar Aerospace Heights construction site caught the disease. He had visited Mustafa Centre – a 24-hour shopping centre – before he was hospitalised, and stayed at The Leo dormitory. The Seletar Aerospace Heights work site eventually became a cluster with five infections, but it was contained and only towards the end of March were migrant workers again reporting infections.

COVID-19: Bangladeshi worker, whose wife gave birth while he was in critical state, moves out of ICU ~ 17 Apr 2020
https://www.channelnewsasia.com/news/singapore/coronavirus-covid-19-bangladesh-worker-case-42-recover-12649648
The patient, also known as Case 42, had spent more than 2 months in intensive care after testing positive for COVID-19 in February, and had to be put on a ventilator.
  • Case 42 is a 39 year-old male Bangladesh national who is a Singapore Work Pass holder, and has no recent travel history to China.
  • He reported onset of symptoms on 1 February, and had sought treatment at a GP clinic on 3 February, and at Changi General Hospital (CGH) on 5 February.
  • He went for a follow-up appointment at Bedok Polyclinic on 7 February and was thereafter admitted to the intensive care unit at CGH.
  • Subsequent test results confirmed 2019-nCoV infection on 8 February afternoon, and he was transferred to NCID.
  • Prior to hospital admission, he had visited Mustafa Centre (145 Syed Alwi Road), and stayed at The Leo dormitory (25 Kaki Bukit Road).
Singapore's first Wuhan virus case: Sentosa hotel sanitises rooms where patient, companions stayed ~ 24 Jan 2020
https://www.straitstimes.com/singapore/health/sentosa-hotel-sanitises-rooms-where-singapores-first-confirmed-wuhan-virus-case
The infected guest, a 66-year-old Wuhan native, had checked into the hotel with his family on Monday (20 Jan 2020).

Offline odie

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Re: Casino Stocks
« Reply #1954 on: April 26, 2020, 03:08:25 PM »
https://

In short, current rally is bear market rally

Offline zuolun

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Re: Casino Stocks
« Reply #1955 on: April 26, 2020, 03:12:04 PM »
Bull flag and Bear flag chart patterns are easy to identify because the length of the Flag is ⅓ of the Flag Pole.

Singapore Airlines says it will halt most flights until end-June ~ 25 Apr 2020
https://www.thestar.com.my/news/regional/2020/04/25/singapore-airlines-says-it-will-halt-most-flights-until-end-june
Singapore Airlines has had 15 staff test positive for coronavirus since last month, with nine fully recovered.

Why analysts are concerned about the short-term outlook for oil ~ 22 Apr 2020
https://www.ig.com/sg/news-and-trade-ideas/why-analysts-are-concerned-about-the-short-term-outlook-for-oil-200422
As Ed Moya, a market analyst at OANDA this week wrote, this collapse ‘is mostly a reflection of traders rolling contracts to June as no one wants to take delivery because storage capacity is getting close to being reached.’ Ed Moya argued that we may see similar price issues emerge with the WTI June contract as we did with the May contract. For reference, the WTI June contract expires on 19 May, 2020.

SIA: Alternative view

SIA ~ Bearish Flag formation, critical support @ S$5.28

SIA closed with a black marubozu @ S$6.04 (-0.10, -1.6%) with 1.93m shares done on 24 Apr 2020.

Immediate support @ S$5.76, immediate resistance @ S$6.15.



SIA ~ Bearish stair-step breakout, interim TP S$4.83, next TP S$3.90

SIA closed with a hanging man @ S$6.13 (+0.15, +2.5%) with 2.51m shares done on 9 Apr 2020.

Immediate support @ S$5.76, immediate resistance @ S$6.15.



Equity financing vs. debt financing: What's the difference?
https://www.investopedia.com/ask/answers/042215/what-are-benefits-company-using-equity-financing-vs-debt-financing.asp
  • Equity financing carries no repayment obligation and provides extra working capital that can be used to grow a business.
  • The advantages of debt financing are numerous. First, the lender has no control over your business. Once you pay the loan back, your relationship with the financier ends. Next, the interest you pay is tax deductible. Finally, it is easy to forecast expenses because loan payments do not fluctuate.
  • The downside to debt financing is very real to anybody who has debt. Debt is a bet on your future ability to pay back the loan.
SIA replies to Sias questions on S$15b cash call

By Janice Heng
Fri, Apr 24, 2020 - 6:41 m

THE worsening environment for aviation amid the Covid-19 pandemic has made it very difficult for airlines to tap debt capital markets, Singapore Airlines (SIA) has said, in explanation of the need for its proposed S$15 billion debt and equity capital raising.

It was responding to questions from the Securities Investors Association (Singapore) or Sias in a Singapore Exchange statement on Friday evening, ahead of the April 30 extraordinary general meeting (EGM), when shareholders are to vote on the move.

The cash call includes an S$8.8 billion renounceable rights issue, which Sias worried may be dilutive for SIA shareholders and will hit retail shareholders who lack sufficient cash to subscribe for the rights.

The other component is an additional issue of up to S$6.2 billion in additional mandatory convertible bonds (MCBs) to be offered to shareholders via one or more rights issues down the line.

Asked why it chose to raise cash via equity shareholders instead of debt, SIA said that traditional funding opportunities remain limited in the current climate. Secured financing and sale-and-leaseback transactions, for instance, would also create more cash outflow obligations, it added.

Raising capital through issuing rights shares, rights MCBs and additional MCBS allows SIA to treat the capital raised as equity, which will strengthen its balance sheet for the future.

As to why it was raising such a large amount, SIA said it had evaluated its liquidity and operational requirements against funding sources to arrive at the S$8.8 billion figure. This amount would enable the company to meet said requirements "for a good part of financial year 2020/2021".

Some S$3.7 billion will be used for operating cashflow, S$3.3 billion for capital expenditure such as aircraft purchases and aircraft-related payments, and S$1.8 billion for other fixed commitments such as debt servicing. SIA noted that the capital expenditure relates to orders placed in the past.

Up to S$6.2 billion in additional MCBs may also be issued within 15 months of the EGM, which will provide extra liquidity if the Covid-19 crisis is prolonged, and also provides resources to prepare for recovery, said SIA.

The S$8.8 billion will be raised via a three-for-two issue of up to 1.78 billion shares to raise S$5.3 billion, and an offering of up to S$3.5 billion in 10-year MCBs.

The rights issue price of S$3 per share represents a discount of 53.8 per cent to the last transacted price of S$6.50 on March 25, the last trading day before the announcement, said SIA. It also represents a discount of 31.8 per cent to the theoretical ex-rights price of S$4.40 per share, which is the theoretical market price of each share based on the last transacted price on March 25, and assuming the completion of the rights issue.

"The issue price and discounts were determined after considering precedent rights offerings of SGX-listed issuers and are generally in line with market precedents," said SIA.

"The key consideration was to provide an opportunity and invitation to shareholders to join this rights share issuance at an appropriate discount, so that you may all participate in the future growth of the company as we emerge from this downturn in at least the proportion you held in the company prior to it."

As for the conversion price of S$4.84 per share for the MCBs upon maturity, the underlying objective was that this should be at a discount to the potential future trading price. The rights MCBs are also structured with a step-up yield to compensate investors for holding them for longer.

As for the EGM, to be held on April 30 at 11.30am via a live webcast and audio feed in line with Covid-19 control measures, SIA said that pre-registration can be done on its website, where shareholders may also submit questions by 11.30am on April 27.

Commentary: Bitter truths for Singapore Airlines about this aviation industry crash ~ 4 Apr 2020
https://www.channelnewsasia.com/news/business/singapore-airlines-covid-19-coronavirus-crash-aviation-industry-12591826
  • In the good old days, SIA used to have very little debt, but that is no longer true - it has four outstanding bonds totalling S$1.3 billion, one of which matures next year. Yet premium airlines like SIA choose to splurge on somewhat unnecessarily aggressive plans on fleet renewal.
  • Most premium airlines derive a good proportion of their revenues and a larger proportion of their profits from premium passengers. In fact, strategies such as fleet renewal and new customer conveniences are primarily directed at earning the loyalty of these passengers.
  • The COVID-19 pandemic might bring about a big change in the travel habits of premium passengers, most of whom travel for work. Having been forced to use video-conferencing, many business travellers will find their purposes are adequately served by technology.
  • My bet is this will lead to a lasting decline in the number of premium passengers, or at least a slowdown in the growth and the revenue and profits such travellers account for airlines.
  • Airlines would have to get used to this new normal of a smaller proportion of premium passengers and a greater proportion of the price-sensitive leisure passenger. They would have to be more cost-efficient to survive and flourish in this new environment.
Singapore Airlines cuts more Australia and New Zealand flights ~ 17 Mar 2020
https://mainlymiles.com/2020/03/17/singapore-airlines-cuts-more-australia-new-zealand-flights/
Additionally, Singapore Airlines has stopped selling First Class on SQ217/218 services from 1st April 2020 to 31st May 2020, suggesting this flight will be downgauged from the current Boeing 777-300ER, probably to an Airbus A350 which burns close to 25% less fuel on this route.



SIA may find itself in unusual net-debt spot as soon as 2018 ~ 3 May 2017
https://www.straitstimes.com/business/sia-may-find-itself-in-unusual-net-debt-spot-as-soon-as-2018
  • SIA is expected to turn to a net-debt position as early as 2018 - for the first time in 13 years - as the company borrows money and sells bonds to meet capital expenditure needs.
  • SIA's net debt may reach about $660 million by end-March 2018, a 9 Feb 2017 report by OCBC Investment Research shows.
  • That compares with net cash of about $3.3 billion for the 12 months to March 2017, according to Bloomberg-compiled data.
  • SIA, which has traditionally limited its debt load, would benefit from raising funds more cheaply through borrowings to improve return ratios and valuations,according to equity research firms including OCBC Investment Research and Crucial Perspective.
  • The airline, which has US$53 billion (S$74 billion) of aircraft on order, expanded a medium-term note programme by two-thirds to US$5 billion in April and said it intends to "proactively" take on more debt in future.
SIA bets on oil prices going up as it extends fuel hedging ~ 9 Feb 2017
https://www.straitstimes.com/business/sia-bets-on-oil-prices-going-up-as-it-extends-fuel-hedging
"Only time will tell, but I think they did it in a safe manner. It's only one-third. If they are wrong, they're only partially wrong. They're not humongously wrong." ~ MR Mohshin Aziz, an analyst at Maybank Investment Bank, on SIA hedging a portion of its jet fuel requirements.
  • For the current quarter, the airline said it has hedged about 37% of its jet fuel requirements in Singapore Jet Kerosene at a weighted average price of US$67 a barrel.
  • Its longer-dated Brent contracts extend to 2022, covering between 33% and 39% of its projected annual consumption at an average of US$53 to US$59 a barrel.



Offline odie

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Re: Casino Stocks
« Reply #1956 on: April 26, 2020, 03:15:38 PM »
https://


Bank of America says the recent stock bounce is a bear-market rally similar to 2008. Here’s why it sees further downside ahead.
Matthew Fox, Business Insider US April 22, 2020






Reuters
Analysts at Bank of America listed a number of reasons why the recent gain in stocks is actually a bear-market rally that is about to end, and said stocks are going to re-test their March 23 lows.
Negative oil prices and a flood of poor earnings reports from S&P 500 companies are just a couple reasons this bear-market rally has similarities to the run-ups to previous market crashes and is about to end.
The swift drop in market volatility, as measured by the VIX, is indicative of the market “pricing in an optimistic recovery path compared to what economic reality holds in store,” Bank of America said.
Visit Business Insider’s homepage for more stories.
Analysts at Bank of America are cautioning investors that the recent 30% rally in stocks is actually just a bear-market rally in disguise.

The bank expects that the surge is currently running into resistance and will roll over before retesting the March 23 lows, if not making new ones, it said in a note Tuesday. A return to the market lows would represent a decline of 18% from yesterday’s closing price in the S&P 500.


The bank said that the market will have a difficult time sustaining valuations near their pre-coronavirus peaks given that in only the second week of US earnings season, 80 companies have withdrawn their guidance, 20 companies have cut their dividends, and 60 companies have suspended their buybacks.

Other factors contributing to the market call include oil prices turning negative for the first time in history. The bank also cited “the potential outflows in equities from Pension or other balanced fund rebalancing due to near record outperformance of stocks over bonds this month (the opposite of what happened last month).”
Bank of America noted that following the path of bear-market rallies found in 1987, 2002, and 2008, implies that the S&P 500 could stall out in the 2,750 to 2,960 range. The index closed at 2,874 last Friday.

bofa research note.PNG

BofA Global Research
Finally, with 20% of S&P 500 companies reporting earnings this week, economic reality is about to set in and a further decline in stocks will unfold, the bank said. The swift drop in market volatility, as measured by the VIX, is indicative of the market “pricing in an optimistic recovery path compared to what economic reality holds in store.”

Offline odie

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Re: Casino Stocks
« Reply #1957 on: April 26, 2020, 03:16:35 PM »
Didn’t manage to post the short cut

Offline zuolun

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Re: Casino Stocks
« Reply #1958 on: April 26, 2020, 05:06:12 PM »
苏小妹:

下降旗形:新航的旗杆是从S$8.76至S$5.28。如果S$5.28被重量穿破;这意味着股价将开始往下飘。


The Bear Flag Pattern
https://www.youtube.com/watch?v=905h-EqTjbg

Bull flag and Bear flag chart patterns are easy to identify because the length of the Flag is ⅓ of the Flag Pole.



SIA ~ Bearish Flag formation, critical support @ S$5.28

SIA closed with a black marubozu @ S$6.04 (-0.10, -1.6%) with 1.93m shares done on 24 Apr 2020.

Immediate support @ S$5.76, immediate resistance @ S$6.15.




Offline odie

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Re: Casino Stocks
« Reply #1959 on: April 27, 2020, 06:47:47 AM »
https://
www . investingnote.com/posts/1916625

SingPost

https://
www . investingnote.com/posts/1916749

Mapletree Logistics

Offline zuolun

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Re: Casino Stocks
« Reply #1960 on: April 27, 2020, 04:50:51 PM »
Technical analysis says supports don't hold in bear markets just as resistance doesn't in bull markets.

CIMB ~ Bearish Double Top Breakout, interim TP RM3.09

CIMB closed with a spinning top @ RM3.50 (+0.01, +0.3%) with 12.7m shares done on 24 Apr 2020.

Immediate support @ RM3.38, immediate resistance @ RM3.55.



StanChart’s troubled loans top US$600 million on corporate woes ~ 27 Apr 2020
https://www.theedgemarkets.com/article/stancharts-troubled-loans-top-600-million-corporate-woes
The exposures to problem companies are unlikely to lead to complete write-offs of the loans. However, in the case of Hin Leong, Standard Chartered and other banks may only get back 18 US cents on every dollar lent, according to affidavits.

Banks’ earnings outlook lowered ~ 23 Apr 2020
https://www.thestar.com.my/business/business-news/2020/04/23/banks-earnings-outlook-lowered
Meanwhile, for CIMB GROUP HOLDINGS BHD, which could be the only Malaysian bank with exposure to financially distressed Singapore oil trading company Hin Leong with an indicative loan exposure of US$124mil, most negatives had been priced in. Supported by a dividend yield of 6%, CIMB was a “buy”, with a target price of RM4.90, for UOB Kay Hian Research (UOBKH).

联昌国际 7%周息率诱人 ~ 22 Apr 2020
https://www.youtube.com/watch?v=BlXJuRh7WoU

CIMB has exposure to Hin Leong ~ 21 Apr 2020
https://www.youtube.com/watch?v=X7KQR90xmR0
Market talk has it that CIMB's exposure to Hin Leong is to the tune of US$120 million to US$130 million. This will mean an exposure of more than RM500 million in its loan book.

How does Hin Leong’s bankruptcy affect CIMB? ~ 21 Apr 2020
https://www.malaysiawarrants.com.my/marketnews/highlight?cat=todayhighlight&id=6077
  • Assuming that CIMB’s exposure is US$140m (RM620m), a total write-off (assuming no prior provisions) translates to an additional credit cost of 17.3bps or +36% vs MQ Research’s current 48bps assumption.
  • This would result in a -11% cut to MQ Research’s FY20 earnings per share (EPS) and lower net book value by 5sen/share (from RM6.19 per share). This additional provision would result in a -3% reduction in MQ Research’s fair value to RM4.80.
How a S$141 billion South Korean insurer became a penny stock ~ 30 Mar 2020
https://www.straitstimes.com/business/companies-markets/how-a-141-billion-south-korean-insurer-became-a-penny-stock
  • Hanwha Life Insurance Co has fallen 64% over the past year, and its shares touched the equivalent of about 71 cents on March 23. Its price-to-book value is just 0.1 times, a fraction the 0.8 average for European insurers or 0.9 among US counterparts, according to data compiled by Bloomberg.
  • Hanwha has invested 29% of its total 121 trillion won (S$141 billion) in assets outside of South Korea, the most in the industry and close to the 30% maximum allowed. That hasn't work out so well. It posted a net loss of 39.7 billion won for the fourth quarter, the worst in nine years.
  • "The reason why Hanwha is particularly worse than its rivals is that it recently increased overseas investments and made more losses in hedging for foreign-currency" risk, said Im Joon-hwan, senior research fellow at Korea Insurance Research Institute. "It's not cheap for Korean insurers to hedge on currencies in the nation's foreign-currency market. It's not easy to find talent with good hedging skills."

Offline zuolun

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Re: Casino Stocks
« Reply #1961 on: April 28, 2020, 07:57:28 AM »
Singapore Airlines is sending Airbus A380s to Alice Springs ~ 26 Apr 2020
https://simpleflying.com/singapore-a380s-alice-springs/
"It still rains surprisingly frequently in Alice, but it is still one of the best Southern Hemisphere options for an airliner graveyard." ~ Matthew Grooby

Plan now for the new era in aviation ~ 28 Apr 2020
https://www.straitstimes.com/opinion/st-editorial/plan-now-for-the-new-era-in-aviation
Singapore Airlines just announced that it will continue to cancel most flights until the end of June, and offer only limited connections to 6 South-east Asian cities, Tokyo, Los Angeles and London. If ever an industry had its wings clipped, metaphorically and literally, it is aviation. Some two-thirds of the world's 26,000 passenger aircraft have been grounded and as many as 25 million jobs are at risk.

SIA Group reserves liquidity for aircraft purchases ~ 27 Apr 2020
https://www.flightglobal.com/strategy/sia-group-reserves-liquidity-for-aircraft-purchases/138086.article

Historic arrival of 4 Singapore Airlines A380s for the first time ever in Alice Springs - Australia ~ 26 Apr 2020
https://www.youtube.com/watch?v=VdXXhjVgfgo
Singapore Airlines to move a fifth of A380 fleet to desert storage.



银行交通物流发电业 因油市震荡备受关注

来自 / 联合早报
文 / 王阳发发布 / 2020年4月25日 3:30 AM

新交所的一份报告指出,根据2019财年业绩报告,星展、华侨和大华的交通仓储与通讯业(包括油气业)贷款曝险分别为8.7%、5.0%和4.1%。在来临的业绩发布,它们的股息、展望、信贷风险、资产负债情况、油气业曝险以及对市场的看法,将是关注焦点。

今年国际原油市场暴发的大震荡,不只导致设在本地的国际著名石油贸易商兴隆贸易(Hin Leong Trading)轰然倒下,震波似乎也传到本地好些挂牌公司,银行、交通、物流和发电业者的受影响程度立即引起市场注意。

大华银行、华侨银行和星展集团的股价本周跌2.30%至3.16%,它们在兴隆的曝险合计6亿美元(8亿5000万新元)。用油大户方面,正在发售附加股集资的新航(SIA)本周跌3.05%,康福德高(ComfortDelGro)下挫5.92%,胜科工业(Sembcorp Industries)跌6.25%。

新交所周四的一份报告指出,根据2019财年业绩报告,星展、华侨和大华的交通仓储与通讯业(包括油气业)贷款曝险分别为8.7%、5.0%和4.1%。星展在这个领域的贷款曝险已经比2017年时的9.3%低。在来临的业绩发布,它们的股息、展望、信贷风险、资产负债情况、油气业曝险以及对市场的看法,将是关注焦点。

市场早已预期新航将蒙受巨额的燃油对冲亏损。银河—联昌证券研究主管林秀琪日前接受《联合早报》访问时便指出,在新航宣布发售附加股之前,该行已经在一份报告中预期,新航的对冲亏损将使它的资产负债表在第四季蒙受高达19亿元(US$1.9 billion)的负面冲击。

根据该份3月12日的报告,新航为未来五年签订了对冲需求。对冲的损益是根据布伦特原油远期价格曲线计算,2021-25财年的均价在每桶40美元至53美元。当时布伦特原油现价是每桶34美元,目前是约22美元。

至于康福德高,星展集团研究分析师沈利勤受访时表示,康福德高用油最多的是巴士业务,但因为是向政府承包的业务,成本下降的好处将归于政府,有点类似成本转嫁。

他指出,康福德高的地铁业务则是批量购买电力,油价大跌不会马上对它有好处。而且,据媒体报道,地铁乘客量已经大跌七八成。

“德士服务的需求已非常低,即便油价维持那么低,对成本有些帮助,但只有当疫情和经济情况改善,营业收入才能改善。”

林秀琪说,发电厂的成本可能因为油价跌而下降,但是电价也会下调,因为电价与燃油成本挂勾。“或许物流公司会受益,包括送货到门的‘最后一英里’业者。新翔集团(SATS)的机场地勤服务业务也可能受益,但是这对集团的帮助并不显著。”

星展集团研究分析师何佩华早前受访时则指出,发电厂主要是使用天然气,并且与布伦特原油价格挂钩。布伦特期货价的情况目前并没有像美国原油期货那么“前所未有”,但料将进一步下跌。

Offline zuolun

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Re: Casino Stocks
« Reply #1962 on: April 29, 2020, 08:22:58 AM »
AirAsia to face 'extremely tough' operating environment over medium-term ~ 28 Apr 2020
https://www.thestar.com.my/business/business-news/2020/04/28/airasia-to-face-039extremely-tough039-operating-environment-over-medium-term
Kenanga Research reiterated "underperform" on AirAsia, TP RM0.60.

Extension of travel bans to exert further downward pressure on AirAsia — MIDF ~ 28 Apr 2020
https://www.theedgemarkets.com/article/extension-travel-bans-exert-further-downward-pressure-airasia-%E2%80%94-midf
MIDF Research maintained "trading sell" on AirAsia, TP @ RM0.54.

AirAsia ~ Trading in a downward sloping channel, interim TP RM0.50, next TP RM0.15

AirAsia closed with a hanging man @ RM0.765 (-0.01, -1.3%) with 31.1m shares done on 28 Apr 2020.

Immediate support @ RM0.74, immediate resistance @ RM0.83.



AirAsia ~ Trading in a downward sloping channel, TP RM0.78, next TP RM0.65

AirAsia gapped down and closed with a spinning top @ RM0.82 (-0.07, -7.9%) with 49.1m shares done on 13 Mar 2020.

Immediate support @ RM0.78, immediate resistance @ RM0.88.



亚航集团 疫情打压振翅难飞 ~ 28 Apr 2020
https://www.youtube.com/watch?v=GKmvnEDryI8

亚航集团第一季载客量减少21% ~ 27 Apr 2020
https://www.sinchew.com.my/content/content_2261671.html

谈谈亚洲航空的燃油对冲!Oil price collapse will help AirAsia? ~ 24 Apr 2020
https://www.youtube.com/watch?v=nFE2O5Vjwx8

The financial situation at AirAsia (2020) ~ 17 Apr 2020
https://www.youtube.com/watch?v=Oq9mLsVHNas

AirAsia’s burden adds on with asset-light strategy ~ 7 Apr 2020
https://www.retailnews.asia/airasias-burden-adds-on-with-asset-light-strategy/
  • The airline declared a record special dividend of 90 sen a share in May last year after it sold its 25 aircraft to US-based private investment firm Castlelake LP for US$768mil (RM3.22bil).
  • Back in March 2018, it entered into a sales and leaseback arrangement with BBAM Ltd Partnership involving 79 aircraft and 14 aircraft engines, of which AirAsia received US$1.19bil (RM4.62bil).
  • There was another special dividend of 40 sen declared for the third quarter of 2018, on top of the interim dividends of 12 sen each for the first and fourth quarters. Just from the two years, shareholders have pocketed RM5.15bil in dividends.
  • The sales and leasebacks of the aircraft may have made the group asset-light but the commitments of the lease itself has become a huge burden to the airline.
Tony Fernandes says AirAsia seeking government loan, not bailout ~ 2 Apr 2020
https://www.malaymail.com/news/malaysia/2020/04/02/tony-fernandes-says-airasia-seeking-government-loan-not-bailout/1852939
As of the end of 2019, AirAsia reportedly had RM2.2 billion in reserves.

AirAsia’s Fernandes skeptical about deliveries any time soon ~ 2 Apr 2020
https://www.flightglobal.com/orders-and-deliveries/airasias-fernandes-skeptical-about-deliveries-any-time-soon/137692.article
  • Cirium fleets data shows that AirAsia and AirAsia X have 480 orders with Airbus including 348 A320neos and 78 A330neos.
  • Its estimate is that 14 aircraft are due for delivery to the two airlines in 2020, and 29 in 2021.

Offline zuolun

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Re: Casino Stocks
« Reply #1963 on: April 29, 2020, 01:15:36 PM »
Axiata seen resilient following tax settlement ~ 17 Apr 2020
https://themalaysianreserve.com/2020/04/17/axiata-seen-resilient-following-tax-settlement/
  • AXIATA Group Bhd’s move to pay US$185 million (RM802.44 million) in capital gains tax and US$8.2 million interest to the Nepalese government on April 12 was a surprise to many.
  • Axiata recorded a net profit of RM332.56 million in the fourth quarter ended Dec 31, 2019 (4Q19), versus a net loss of RM1.43 billion a year ago, attributed to better operational performance, and lower depreciation and amortisation due to one-off assets written off in 4Q18.
  • For the full year, the group recorded earnings of RM1.46 billion against a net loss of RM4.76 billion previously.
亚通 或撤尼泊尔市场 ~ 14 Apr 2020
https://www.youtube.com/watch?v=6OpPEBTbHl0
行家建议买入:目标价4.90令吉。

AXIATA ~ Bearish Descending Triangle Breakout, interim TP RM2.97, next TP RM2.45

Axiata closed with a doji unchanged @ RM3.70 with 3.70m shares done on 28 Apr 2020.

Immediate support @ RM3.60, immediate resistance @ RM3.80.



AXIATA ~ Broke the intermediate upward sloping channel

AXIATA closed with an inverted hammer @ RM4.04 (-0.03, -0.7%) with 2.95m shares done on 4 Mar 2020.

Immediate support @ RM4.00, strong resistance @ RM4.17.


Offline odie

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Re: Casino Stocks
« Reply #1964 on: April 30, 2020, 10:46:55 AM »
SIA continues to buy Aircraft while AirAsia decides not to

Offline zuolun

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Re: Casino Stocks
« Reply #1965 on: April 30, 2020, 02:16:24 PM »
In short, current rally is bear market rally

What is a Dead Cat Bounce(死猫跳)
  • Dead Cat Bounce(死猫跳)~ A temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions (commonly known as short-covering).
  • From a technical perspective, a "dead cat bounce" is a strong sell signal, i.e. sell (or short-sell) on strength and buy-back (cover-short) at lower prices.
SingPost ~ Dead Cat Bounce(死猫跳)

SingPost closed with an inverted hammer @ S$0.715 (+0.01, +1.4%) with 4.07m shares done on 29 Apr 2020.

Immediate support @ S$0.695, immediate resistance @ S$0.73.



SingPost ~ Trading in a downward sloping channel, interim TP S$0.79

SingPost closed with a long-legged doji unchanged @ S$0.92 with 3.76m shares done on 30 Aug 2019.

Immediate support @ S$0.90, immediate resistance @ S$0.935.



Example:
The CEO of a listed-company, ABC invested company's fund, $1 billion in a company called XYZ with full knowledge that it would go bankrupt soon. Prior to the investment decision, he had liaised a 50/50 split with the owner of company XYZ that each would get $500 million once he got the money. After a while, company XYZ really went bankrupt. It didn't affect the CEO personally as the $1 billion in losses were attributable to the listed-company ABC. So what's rightfully company ABC’s money has now become the CEO's personal money, and it’s all legal and above board.

Commentary: Are SingPost’s lapses indicative of a deeper malaise in the company? ~ 31 Jan 2019
https://www.channelnewsasia.com/news/commentary/singpost-lapses-corporate-governance-board-directors-ceo-coo-11184554
  • The last acquisition made by the then board and executive committee – the US e-commerce company TradeGlobal – cost the company S$236 million but had to be impaired by S$185 million just one-and-a-half years after.
  • The board had also recruited then 37-year old Dr Wolfgang Baier as CEO (International) in 2011 and promoted him to Group CEO the same year. They also appointed Dr Sascha Hower Group Chief Operating Officer in 2012 when he was 33. Both left in 2016.
  • A third concern was whether the management team was equipped to integrate and manage the new businesses. Based on the disclosures of their profiles at the time of the appointment, Dr Baier and Dr Hower were career consultants with little or no experience managing companies. Several other consultants were also appointed to key management positions.
  • Then there was the high turnover of management, both in the years preceding the appointment of Dr Baier, and following his departure. Stock exchange rules only require disclosure when directors and certain key officers leave so it is unclear whether this was indicative of a similarly high employee turnover throughout the company.
Singapore’s Government-Linked Companies need to face up to disruption ~ 11 Nov 2017
https://www.aseantoday.com/2017/11/singapores-government-linked-companies-need-to-face-up-to-disruptioninstead-of-always-relying-on-possible-privileges-and-support-from-temasek-holdings-government-linked-companies-should-face/
Temasek holds 52% of Singtel’s shares, which gives it control over Singtel’s associate company – SingPost. SingPost is Singapore’s postal service provider and designated Public Postal Licensee. Net profit has fallen from a restated amount of S$248.9million (US$183 million) in 2016 to S$33.4 million (US$24.6 million) in 2017. Its market capitalisation value stands at S$2.9 billion (US$2.1 billion), and its average share price continues its downward trend.




Offline zuolun

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Re: Casino Stocks
« Reply #1966 on: April 30, 2020, 03:41:45 PM »
SIA continues to buy Aircraft while AirAsia decides not to

Where did the airlines park their airplanes? WOW! ~ 15 Apr 2020
https://www.youtube.com/watch?v=zIbXai0l174

This is where U.S. airlines are parking their biggest planes during the coronavirus pandemic ~ 6 Apr 2020
https://thepointsguy.com/news/airlines-parking-planes-coronavirus/



Parking pain: Airlines, airports hunt for storage space as coronavirus idles planes ~ 24 Mar 2020
https://gulfnews.com/business/aviation/parking-pain-airlines-airports-hunt-for-storage-space-as-coronavirus-idles-planes-1.1585044355640
The number of planes in storage has doubled to more than 5,000 since the start of the year, according to Cirium data, with more expected to be parked in the coming weeks as carriers like Australia's Qantas Airways Ltd and Singapore Airlines Ltd proceed with further announced cuts to flight schedules.



Here is where airlines are parking all those grounded planes as travel dries up ~ 24 Mar 2020
https://www.latimes.com/business/story/2020-03-24/where-airlines-are-parking-grounded-planes
  • Grounding a 130,000-pound plane involves more than just a big stretch of pavement.
  • Aircraft storage facilities typically charge a base rate simply for parking a plane. The biggest expense is the cost of the aircraft services to keep the plane maintained and ready to return to operation.
  • At Tulsa International Airport, the standard parking rate for an aircraft is 40 cents per thousand pounds a day. That means that a Boeing 777-300ER that weighs roughly 370,000 pounds would cost around $150 a day to store.
  • In addition to the cost of parking, a facility may charge maintenance costs that begin at about $2,000 per plane a month, depending on the services required, according to published reports.

Offline zuolun

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Re: Casino Stocks
« Reply #1967 on: April 30, 2020, 04:33:50 PM »
Technical analysis says supports don't hold in bear markets just as resistance doesn't in bull markets.

Oil’s scary replay: Physical U.S. crude could go negative in 2 weeks ~ 29 Apr 2020
https://www.investing.com/analysis/oils-scary-replay-physical-us-crude-could-go-negative-in-2-weeks-200522859



Oil moves mixed on easing lockdowns, looming storage shortage ~ 28 Apr 2020
https://www.theedgemarkets.com/article/oil-moves-mixed-easing-lockdowns-looming-storage-shortage
  • Brent crude rose 4%, to $20.77 a barrel, following a 6.8% slide on Monday (April 27).
  • WTI crude was down 4%, at $12.32 a barrel against 25% plunge on Monday (April 27).
Singapore coastline packed with ships full of oil no one wants ~ 27 Apr 2020
https://sg.finance.yahoo.com/news/singapore-coastline-packed-with-ships-full-of-oil-no-one-wants-031801031.html
  • About 60 tankers are anchored off Singapore, with some being used to store fuel at sea while others are sitting out the Covid-19 pandemic.
  • The glut has been compounded by offloading delays, with vessels having to wait about two weeks to discharge cargoes, leaving ships stranded.
Oil tank farm and ships off the coast of Singapore, 8 March 2020.



Boats sail past Pulau Bukom oil refinery along the southern coast of Singapore.



Oil storage tanks on Jurong island off Singapore.



Welcome to the great emerging-market schism: A virus-made split ~ 27 Apr 2020
https://ca.finance.yahoo.com/news/welcome-great-emerging-market-schism-125823202.html





Dozens of oil tankers wait off California's coast as the pandemic dents demand ~ 27 Apr 2020
https://www.npr.org/sections/coronavirus-live-updates/2020/04/27/845921122/dozens-of-oil-tankers-wait-off-californias-coast-as-the-pandemic-dents-demand

The oil tanker Pegasus Voyager sits off the coast as a man sits and watches in a park in Long Beach, Calif., on April 22. Many vessels are parked between Long Beach and the San Francisco Bay Area with nowhere to go due to lack of demand and nowhere to store the oil.



Hedge fund CIO: "The oil price is a rare indicator of what is still real in this market" ~ 27 Apr 2020
https://nationandstate.com/2020/04/26/hedge-fund-cio-the-oil-price-is-a-rare-indicator-of-what-is-still-real-in-this-market/
Crude utterly collapsed. 300% in a single trading day. Sellers paid $37.63 to buyers.


Offline odie

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Re: Casino Stocks
« Reply #1968 on: May 01, 2020, 11:03:13 AM »
US markets still open today
The party is still on🤪

Offline zuolun

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Re: Casino Stocks
« Reply #1969 on: May 01, 2020, 04:56:38 PM »
In short, current rally is bear market rally

932 new COVID-19 cases in Singapore, total at 17,101, five cases are S'poreans or PRs ~ 1 May 2020
https://www.channelnewsasia.com/news/singapore/moh-covid19-coronavirus-cases-update-may-1-12693936

狮城有约 | 十分访谈:疫情走势与经济压力 ~ 30 Apr 2020
https://www.youtube.com/watch?v=Zfo8PoxfeA4

STI ~ Dead Cat Bounce(死猫跳)

STI gapped up and closed with a spinning top @ 2,624.23 (+49.5, +1.9%) on 30 Apr 2020.

Immediate support @ 2,555, immediate resistance @ 2,672.



Coronavirus pandemic will likely end the strong profit growth in Singapore banks ~ 28 Apr 2020
https://www.cnbc.com/2020/04/29/coronavirus-to-hit-first-quarter-earnings-of-dbs-ocbc-and-uob.html
  • After a strong run last year, the profitability of Singapore banks is expected to fall sharply in 2020 due to the coronavirus pandemic and a crash in oil prices.
  • Estimates by Refinitiv showed that net profit at all three banks could fall by more than 20% in the first quarter, with DBS expected to take the largest hit of a 32% decline.
  • Such pressure on earnings could weigh down the banks’ share prices, which have suffered losses of about 20% so far this year, analysts said.

Offline zuolun

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Re: Casino Stocks
« Reply #1970 on: May 02, 2020, 10:46:02 AM »
In short, current rally is bear market rally

GENM (4715) ~ Dead Cat Bounce(死猫跳)

GENM gapped up and closed with a shooting star @ RM2.37 (+0.04, +1.7%) with 30.4m shares done on 30 Apr 2020.

Immediate support @ RM2.35, immediate resistance @ RM2.46.



GENM (4715) ~ Trading in a downward sloping channel, interim TP RM2.23

GENM gapped down and closed with a hammer @ RM2.43 (-0.09, -3.6%) with 31.3m shares done on 13 Mar 2020.

Immediate support @ RM2.35, immediate resistance @ RM2.46.



Malaysia recorded 69 new Covid-19 cases, total at 6,071; death toll at 103 ~ 1 May 2020
https://www.straitstimes.com/asia/se-asia/coronavirus-malaysias-johor-state-reports-three-new-cases-imported-from-singapore

Coronavirus: Malaysia to reopen economy on May 4, says Muhyiddin ~ 1 May 2020
https://www.scmp.com/week-asia/politics/article/3082420/coronavirus-malaysia-reopen-economy-may-4-says-muhyiddin
  • Nearly all economic sectors to reopen, subject to conditions, says Prime Minister Muhyiddin Yassin, but controls to remain on social gatherings.
  • Move is sign of focus switching to rescuing business and saving jobs.
Coronavirus: hundreds arrested as Malaysia cracks down on migrants in Covid-19 red zones ~ 1 May 2020
https://www.scmp.com/week-asia/politics/article/3082529/coronavirus-hundreds-arrested-malaysia-cracks-down-migrants
  • Children as young as four have been taken in immigration raids launched by Malaysia just hours after it announced the easing of its lockdown.
  • The raids come despite an earlier government assurance that undocumented migrants had ‘nothing to fear’ in coming forward to be tested for the virus.
Hundreds of residents are lined up outside one of the three raided buildings.


Offline zuolun

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Re: Casino Stocks
« Reply #1971 on: May 02, 2020, 11:46:41 AM »
In short, current rally is bear market rally

GENTING (3182) ~ Bearish stair step breakout, interim TP RM2.91, next TP RM2.38

GENTING gapped up and closed with a spinning top @ RM4.17 (+0.13, +3.2%) with 10.9m shares done on 30 Apr 2020.

Immediate support @ RM3.90, immediate resistance @ RM4.24.



GENTING (3182) ~ Bearish Descending Triangle Breakout, TP RM3.40

GENTING closed with a doji @ RM3.99 (-0.215, -5.1%) with 15.1m shares done on 13 Mar 2020.

Immediate support @ RM3.80, immediate resistance @ RM4.17.



Gambling vanishes in Macao as casinos suffer 97% plunge in revenue ~ 1 May 2020
https://www.nasdaq.com/articles/gambling-vanishes-in-macao-as-casinos-suffer-97-plunge-in-revenue-2020-05-01

MGM Resorts (MGM) stock down on Q1 earnings and revenues miss ~ 1 May 2020
https://www.nasdaq.com/articles/mgm-resorts-mgm-stock-down-on-q1-earnings-revenues-miss-2020-05-01


Offline zuolun

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Re: Casino Stocks
« Reply #1972 on: May 02, 2020, 12:41:16 PM »
In short, current rally is bear market rally

Jardine Cycle and Carriage ~ Bearish Descending Triangle Breakout, interim TP US$16.19

Jardine Cycle and Carriage closed with an inverted hammer @ S$20.11 (+0.56, +2.9%) with 1.0m shares done on 30 Apr 2020.

Immediate support @ S$19.00, immediate resistance @ US$21.44.



Jardine Cycle and Carriage ~ Bearish Rounding Top Breakout, interim TP US$16.19

Jardine Cycle and Carriage closed with a black marubozu @ S$17.01 (-1.39, -7.6%) with high volume done at 1.05m shares on 19 Mar 2020.

Immediate support @ S$16.19, immediate resistance @ US$20.20.



From cargo ships to fairgrounds—as backlog of cars grows, importers search for storage space ~ 2 May 2020
https://fortune.com/2020/05/01/cargo-ships-fairgrounds-imported-car-storage/
The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles’ harbor on April 24 after an almost three-week journey from Japan, ready to unload its cargo of about 2,000 Nissan Armada SUVs, Rogue crossovers and Infiniti sedans in a quick, half-day operation. For the auto industry, which saw U.S. sales plunge almost 40% in March, the crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed.



Coronavirus downturn: France and Italy in recession as Spain sees record GDP decline ~ 30 Apr 2020
https://www.euronews.com/2020/04/30/coronavirus-downturn-france-and-italy-in-recession-as-spain-sees-record-gdp-decline
The European Union's GDP decreased by 3.5% in the first quarter of this year, according to a preliminary flash released by Eurostat, the bloc's official statistics agency, on Thursday (April 30). The drop was even more acute for the eurozone — comprised of 19 member states — with GDP expected to have contracted by 3.8% quarter-on-quarter. "These were the sharpest declines observed since time series started in 1995," Eurostat said in a statement.

Earnings wrap: Planes, cars and advertising slammed by Covid-19 ~ 29 Apr 2020
https://www.theedgemarkets.com/article/earnings-wrap-planes-cars-and-advertising-slammed-covid19
Volkswagen AG forecast a severe drop in earnings this year and IAG SA will slash the workforce at British Airways by almost 30% as the corporate fallout from the coronavirus pandemic worsens.

Virus lockdowns send European car sales down 55% ~ 17 Apr 2020
https://finance.yahoo.com/news/virus-lockdowns-send-european-car-sales-down-55-063403468.html
Window shopping was all most European consumers could do last month as non-essential businesses have been closed to stem the spread of the new coronavirus, leading to a collapse in car sales last month.New car registrations -- a proxy for sales -- slumped to 567,308 vehicles last month, compared to over 1.2 million during the same month last year.

Volkswagen posts Q1 sales slump, ditches 2020 forecast ~ 17 Apr 2020
https://finance.yahoo.com/news/volkswagen-posts-q-1-sales-slump-ditches-2020-forecast-104750946.html
The Volkswagen Group reported on Friday (April 17) that sales for the first quarter shrunk by 23% from the same time period last year to 2m vehicles. Sales in the month of March took a 37.6% nosedive overall, as demand shrivelled, plants and dealerships were shuttered as part of coronavirus lockdowns, the world’s biggest carmaker said.



BMW sales collapse by over 20% due to coronavirus pandemic ~ 6 Apr 2020
https://www.thestar.com.my/news/regional/2020/04/06/bmw-sales-collapse-by-over-20-due-to-coronavirus-pandemic
  • BMW sold 20.6% fewer cars in the first quarter of this year than last year, with the Covid-19 (coronavirus) pandemic leading sales to tumble in China, Europe and the United States, the German carmaker said on Monday (April 6).
  • In the first quarter, which goes from January to the end of March, the carmaker only sold 477,111 cars of the BMW, Mini and Rolls-Royce brands. In China, sales caved in by 31%, while they fell by 18% in Europe and 17% in the US.
  • The business expectations of the entire German car industry for the coming months have nosedived because of the coronavirus epidemic, with an index compiled by the ifo research institute dropping by 14 points to minus 33.7 points.


BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc. ~ 13 Mar 2020
https://www.greencarcongress.com/2020/03/20200313-bnef.html
The global auto market is very sensitive to macroeconomic conditions and will be hit hard by the coronavirus and any economic contraction that accompanies it, BNEF says. Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, 2 of the hardest hit countries.



Americans keep buying cars, but Covid-19 concerns loom over industry ~ 3 Mar 2020
https://www.malaymail.com/news/money/2020/03/03/americans-keep-buying-cars-but-covid-19-concerns-loom-over-industry/1842822
Total US auto sales in February are projected to reach more than 1.3m vehicles, according to JD Power, up 1.8% from last year.

Nissan, Tata join list of automakers facing COVID-19 disruptions ~ 18 Feb 2020
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/nissan-tata-join-list-of-automakers-facing-covid-19-disruptions-57136293


Offline zuolun

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Re: Casino Stocks
« Reply #1973 on: May 02, 2020, 04:39:09 PM »
After lockdown, a world of masks ~ 1 May 2020
https://theaseanpost.com/article/after-lockdown-world-masks

Singapore reports 447 new COVID-19 cases,  total at 17,548, four cases are S'poreans or PRs ~ 2 May 2020
https://www.channelnewsasia.com/news/singapore/covid19-coronavirus-447-new-cases-moh-update-may-2-12696136

Coronavirus statistics: what can we trust and what should we ignore? ~ 2 May 2020
https://inourishgently.com/coronavirus-statistics/



新冠肺炎:巴西圣保罗挖1.3万墓穴 迅速下葬没时间道别 ~ 2 May 2020
https://www.orientaldaily.com.my/news/international/2020/05/02/338639



卜基发灾难财 每日开赌新国冠病确诊数据 ~ 22 Apr 2020
http://news.seehua.com/?p=547895



Singapore casino resorts confirm shutdown extends to June 1 ~ 22 Apr 2020
http://www.ggrasia.com/singapore-casino-resorts-confirm-shutdown-extends-to-june-1/


Offline zuolun

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Re: Casino Stocks
« Reply #1974 on: May 03, 2020, 12:10:30 PM »
In short, current rally is bear market rally

A bear market is when stocks fall 20% or more from recent highs:
The FBMKLCI had peaked @ 1,896 (20 Apr 2018) and hit a record low of 1,207 (19 Mar 2020), the index had fallen 36% or 689 points from 1,896 to 1,207.

FBMKLCI ~ Bearish Stair Step Decline, interim TP 1,207

FBMKLCI closed with an inverted hammer @ 1,407.78 (+27.48, +2%) on 30 Apr 2020.

Immediate support @ 1,364, immediate resistance @ 1,423.



FBMKLCI (weekly) ~ Trading in a downward sloping channel ~ 30 Apr 2020



FBMKLCI ~ Trading in a downward sloping channel

FBMKLCI closed with a black marubozu @ 1,561.74 (-22.03, -1.4%) on 29 Nov 2019.

Immediate support @ 1,548, strong resistance @ 1,572.


Offline zuolun

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Re: Casino Stocks
« Reply #1975 on: May 03, 2020, 04:27:56 PM »
In short, current rally is bear market rally

The Bear Flag Pattern
https://www.youtube.com/watch?v=905h-EqTjbg
Bull flag and Bear flag chart patterns are easy to identify because the length of the Flag is ⅓ of the Flag Pole.

Man Oriental ~ Bear Flag Breakout, interim TP S$1.06, next TP US$0.85

Man Oriental closed with a spinning top @ US$1.40 (+0.02, +1.4%) with thin volume done at 81,700 shares on 30 Apr 2020.

Immediate support @ US$1.35, immediate resistance @ US$1.43.



Man Oriental ~ Dead Cat Bounce(死猫跳)

Man Oriental closed with a white marubozu @ US$1.80 (+0.04, +2.3%) with thin volume done at 44,800 shares on 13 Dec 2019.

Immediate support @ US$1.71, immediate resistance @ US$1.85.



Man Oriental ~ Trading in a downward sloping channel, interim TP US$1.25

Man Oriental closed with an inverted hammer unchanged @ US$1.39 with 470,000 shares done on 30 Aug 2019.

Immediate support @ US$1.36, immediate resistance @ US$1.45.



Hong Kong riot police use pepper spray at a shopping mall in Sha Tin ~ 1 May 2020
https://www.youtube.com/watch?v=tLSXVxxu8Ds
Riot police enter the shopping mall to disperse the protesters during Labor Day in Hong Kong, Friday, May 1, 2020 amid the coronavirus COVID-19 pandemic. The protest was one of several small ones that went ahead on the May 1 Labor Day holiday despite rules that forbid public gatherings of more than four people. Protesters also gathered near Kowloon’s Mong Kok and Kwun Tong subway stations.



Fearing big election loss, China goes on offensive in Hong Kong ~ 21 Apr 2020
https://www.straitstimes.com/asia/fearing-big-election-loss-china-goes-on-offensive-in-hong-kong
  • On Monday (April 20), Fitch Ratings downgraded Hong Kong as an issuer of long-term, foreign currency debt in part because the city's "deep-rooted socio-political cleavages remain unresolved", despite the virus dampening protests.
  • In January, Mr Luo Huining, a cadre known for executing Mr Xi's anti-corruption campaign, was made head of China's Liaison Office in Hong Kong, while in February Mr Xi appointed Mr Xia Baolong, who oversaw a crackdown on Christian churches several years ago when he was the Communist Party chief of China's Zhejiang province, as director of the overarching Hong Kong & Macau Affairs Office.
  • US President Donald Trump's administration roundly condemned China's latest arrests, which included 81-year-old Martin Lee, a former lawmaker nicknamed the "Father of Democracy" since he was a founder of the city's flagship opposition Democratic Party.


Hotel industry facing 'terrible time,' Accor Asia-Pacific CEO says ~ 15 Apr 2020
https://www.youtube.com/watch?v=BmX7CEW4KCM

Brief - Mandarin Oriental International posts unaudited underlying loss of some US$40 million in Q1 ~ 9 Apr 2020
https://www.reuters.com/article/brief-mandarin-oriental-international-po/brief-mandarin-oriental-international-posts-unaudited-underlying-loss-of-some-us40-million-in-q1-idUSFWN2BX09D

Empty hotels are closing or struggling to survive ~ 9 Apr 2020
https://asiatimes.com/2020/04/empty-hotels-are-closing-or-struggling-to-survive/
Four Seasons to shut two hotels in Shanghai and InterContinental in Hong Kong will cut staff for renovations.

Hotels face drop in occupancy, revenue amid coronavirus outbreak ~ 20 Mar 2020
https://www.cnbc.com/2020/03/18/coronavirus-hotels-face-drop-in-occupancy-revenue-amid-outbreak.html
  • Hotels are seeing occupancy rates and revenue per available room tumble as travelers stay at home during the coronavirus outbreak.
  • Global hospitality research company STR said Wednesday (March 18) that for the week of March 8-14, hotel occupancy was down 24.4% to 53% year-over-year.
  • Meanwhile, revenue per available room, a key industry metric, fell 32.5% to $63.74.
Virus fallout in Asia was significant: Mandarin Oriental Hotel Group CEO ~ 6 Mar 2020
https://finance.yahoo.com/video/virus-fallout-asia-significant-mandarin-020946291.html
James Riley, chief executive officer at Mandarin Oriental Hotel Group, discusses the impact of coronavirus on the business, occupancy rates in Asia and the performance of the hotel in Hong Kong. He speaks exclusively on “Bloomberg Markets: Asia.”

Coronavirus vs Sars: Singapore’s hotel sector to shake off epidemic quickly, but social unrest will weigh on Hong Kong ~ 19 Feb 2020
https://www.scmp.com/business/companies/article/3051390/covid-19-vs-sars-singapores-hotel-sector-shake-epidemic-quickly
  • Recovery of Singapore’s hotel industry will be faster than Hong Kong’s because they are less dependent on Chinese tourists: Magnificent Hotel.
  • Singapore government has set aside US$4.6 billion to help mitigate the coronavirus impact on various businesses and jobs.

Offline odie

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Re: Casino Stocks
« Reply #1976 on: May 04, 2020, 09:33:54 AM »
https://
sgstockmarketinvestor.com/6-key-takeaways-from-warren-buffett-during-the-berkshire-hathaway-agm/


Offline odie

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Re: Casino Stocks
« Reply #1977 on: May 05, 2020, 09:55:41 AM »
US 4 listed airlines closed red ytd :D

Offline zuolun

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Re: Casino Stocks
« Reply #1978 on: May 05, 2020, 02:49:06 PM »
https://
www . investingnote.com/posts/1916749

Mapletree Logistics

苏小妹:

「人云亦云,不知所云。」

To decipher the MLT chart drew by sonicideas (April 26) is not difficult but it would be different for odie who does not know how to read charts, at all.

Mapletree Logistics Trust 'resilient' despite supply chain disruptions, analysts say ~ 28 Apr 2020
https://www.theedgesingapore.com/capital/brokers-calls/mapletree-logistics-trust-resilient-despite-supply-chain-disruptions-analysts
  • UOBKH maintained “buy” on MLT, TP S$2.08 ~ 27 Apr 2020
  • OCBC maintained “hold” on MLT, TP S$1.79 ~ 27 Apr 2020
  • DBS maintained “buy” on MLT, TP S$1.85 ~ 27 Apr 2020
  • MaybanKE maintained “hold” on MLT, TP S$1.85 ~ 26 Apr 2020
Mapletree Logistics Trust posts 1.2% rise in 4Q DPU to 2.048 cents, warns of impending Covid-19 uncertainties ~ 23 Apr 2020
https://www.theedgesingapore.com/capital/results/mapletree-logistics-trust-posts-12-rise-4q-dpu-2048-cents-warns-impending-covid-19

Mapletree Log Tr ~ Closed @ S$1.80 (Dead Cat Bounce +S$0.675), support @ S$1.66 ~ 4 May 2020



By sonicideas ~ 26 Apr 2020

$Mapletree Log Tr(M44U.SI) Short term play for XD.
https://www.investingnote.com/posts/1916749

XD is on 30Apr20. Given Mapletree Log increase its DPU, expect short term bull action due to people chasing pre XD.
Small gamble play.

Target: 1.900
SL: 1.640 but preferably 1.610


Offline zuolun

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Re: Casino Stocks
« Reply #1979 on: May 05, 2020, 04:07:41 PM »
https://
www . investingnote.com/posts/1916625

SingPost

SingPost 4Q and financial year ended 31 Mar 2020 to be announced on Friday (8 May 2020) before the opening of trading.

SingPost’s share price sliding downwards losing some 25% since Paul Coutts became its CEO ~ 6 Mar 2020
https://www.theonlinecitizen.com/2020/03/06/singposts-share-price-sliding-downwards-losing-some-25-since-paul-coutts-became-its-ceo/
According to the latest SingPost annual report, Coutts was paid $1,835,000 last year including bonuses. His fixed pay was $1 million and his total package was $2,068,000, which did not include any shares or share options.

SingPost ~ Closed @ S$0.705 (Dead Cat Bounce +S$0.16), support @ S$0.66 ~ 4 May 2020



By sonicideas ~ 26 Apr 2020

$SingPost(S08.SI) Refer to my previous Singpost post here where I stated that I believe Singpost to bottomed.
https://www.investingnote.com/posts/1916625

Price have moved up considerably since. Moving forward, we have an immediate support at 0.665. Price can either

1) bounce of the support and rise further OR
2) if they are too much supply, it will fall back to its consolidation zone at 0.600-0.640

You can buy at the support level 0.665 or if you want a cheaper price, wait until it falls back to the consolidation.

Regardless, I expect 0.575 to be a good bottom. Stop loss SHOULD preferably be below 0.575.

Given 2 or 3 months, I believe 0.900-1.00 is possible for singpost.


Offline zuolun

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Re: Casino Stocks
« Reply #1980 on: May 05, 2020, 04:48:20 PM »
What is a Dead Cat Bounce(死猫跳)
Dead Cat Bounce(死猫跳)~ A temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions (commonly known as short-covering).

CAO ~ Closed @ S$1.01 (Dead Cat Bounce +S$0.35), support @ S$0.95 ~ 4 May 2020



ESR-REIT ~ Closed @ S$0.335 (Dead Cat Bounce +S$0.125), support @ S$0.30 ~ 4 May 2020



F&N ~ Closed @ S$1.49 (Dead Cat Bounce +S$0.44), support @ S$1.45 ~ 30 Apr 2020



IREIT Global ~ Closed @ S$0.655 (Dead Cat Bounce +S$0.285), support @ S$0.63 ~ 4 May 2020



Kep Infa Tr ~ Closed @ S$0.485 (Dead Cat Bounce +S$0.15), support @ S$0.465 ~ 4 May 2020



SATS ~ Closed @ S$2.98 (Dead Cat Bounce +S$1.27) support @ S$2.52 ~ 4 May 2020



Sembcorp Ind ~ Closed @ S$1.54 (Dead Cat Bounce +S$0.19), support @ S$1.48 ~ 4 May 2020



Sembcorp Marine ~ Closed @ S$0.72 (Dead Cat Bounce +S$0.145), support @ S$0.615 ~ 4 May 2020


Offline odie

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Re: Casino Stocks
« Reply #1981 on: May 05, 2020, 05:37:50 PM »
https://
www.
theguardian.com/environment/2020/may/01/fossil-fuel-firms-coronavirus-package-aid

https://
twitter.com/apark_/status/1255914801441705984

https://
oilprice.com/Energy/Energy-General/How-Chevron-Could-Win-Big-On-The-Worst-Oil-Deal-Ever.html


Offline zuolun

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Re: Casino Stocks
« Reply #1982 on: May 06, 2020, 10:58:41 AM »
SIA rights issue: Debunking the complication behind the maths ~ 31 Mar 2020
https://www.newacademyoffinance.com/sia-rights/
SIA rights issue: Ex-Date 6 May 2020; Record Date 8 May 2020

SIA ~ Bear Pennant Breakout, critical support @ S$5.28

SIA closed with a spinning top @ S$5.91 (-0.04, -0.7%) with 9.00m shares done on 5 May 2020.

Immediate support @ S$5.76, immediate resistance @ S$6.15.



When will we start traveling again? Here’s what experts are saying ~ 5 May 2020
https://www.cnbc.com/2020/05/05/when-will-travel-resume-after-coronavirus.html
It could be 18 to 24 months before travel picks back up, they say.

Warren Buffett is right about selling his airline stakes: Former Continental Airlines CEO ~ 5 May 2020
https://www.youtube.com/watch?v=yxUY5c2dUK8

Warren Buffett just made this group of traders almost $200 million ~ 5 May 2020
https://www.marketwatch.com/story/warren-buffett-just-made-this-group-of-traders-almost-200-million-2020-05-05
  • Warren Buffett told shareholders Saturday (May 2) that Berkshire Hathaway unloaded all of its positions in the airline sector.
  • Short-sellers made $188 million in mark-to-market profits in Monday’s session as airline stocks, led by United UAL, American AAL, Delta DAL, and Southwest, took a hit after Buffett’s announcement.
  • Even before Buffett’s move, shorting the airline industry this year has paid off in a big way, with the entire sector delivering $4.13 billion in net-of-financing mark-to-market profits.


Alice Springs desert becomes airplane 'graveyard' for Singapore A380s ~ 5 May 2020
https://www.nzherald.co.nz/travel/news/article.cfm?c_id=7&objectid=12329591
However, one questions when these aircraft will see service again – for Singapore Airlines or any other airline. The A380s were due to be phased out of production by manufacturers Airbus in 2021.



No recovery for airline industry until 2022, Lufthansa's Turkey chief says ~ 3 May 2020
https://www.dailysabah.com/business/transportation/no-recovery-for-airline-industry-until-2022-lufthansas-turkey-chief-says
Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, the International Air Transport Association said on April 14, with more than half the world's airplanes already in storage.

Buffett says he dumped entire stake in airline-sector stocks: ‘The world changed for airlines’ amid coronavirus ~ 3 May 2020
https://www.marketwatch.com/story/buffett-dumps-entire-airline-stake-saying-the-world-changed-for-airlines-2020-05-02
As of the most recent filings, Berkshire had held 70 million shares of Delta representing 1.7% of the conglomerate’s portfolio. Berkshire also had roughly 54 million shares of Southwest, representing 1.2% of its holdings, 22 million shares of United Airlines, representing 0.8% and 42.5 million shares of American Airlines, about 0.5% of Berkshire, according to the site.

Singapore Airlines considers selling aircraft ~ 3 May 2020
https://simpleflying.com/singapore-aircraft-sale-leaseback-consider/
  • Since most aircraft are owned outright by Singapore Airlines, it makes sense for the carrier to consider selling its aircraft and leasing them from their new owners. The Asian carrier could partner with a leasing company for a deal on a few planes. This would give Singapore Airlines some much-needed cash to tide itself over, although it would raise the airline’s expenses in the long-term.
  • Fellow Star Alliance carrier, United Airlines, entered into a sale-and-leaseback agreement with Singapore-based BOC Aviation in mid-April.
  • In March, Cathay Pacific also engaged in a sale-and-leaseback deal with BOC Aviation for six 777-300ERs.
No effort will be spared to see SIA, aviation sector through crisis: PM ~ 1 May 2020
https://www.straitstimes.com/singapore/transport/no-effort-will-be-spared-to-see-sia-aviation-sector-through-crisis-pm
  • "Air transport is fundamental to Singapore's role as a global and regional hub."
  • "It is a strategic sector. This is why the Government is providing extra support for aviation."
Boeing and Airbus lose $3 billion in orders for March ~ 1 May 2020
https://seekingalpha.com/article/4341884-boeing-and-airbus-lose-3-billion-in-orders-for-march
  • Order inflow has not dried up, but cancellations exceed order inflow.
  • Focus has shifted to containing the backlog as a comfortable cushion.
  • Despite a long-term solid upward trend, jet makers are facing a cooldown.

Offline odie

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Re: Casino Stocks
« Reply #1983 on: May 06, 2020, 04:11:03 PM »
SIA big Lao sai today :D

Offline odie

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Re: Casino Stocks
« Reply #1984 on: May 06, 2020, 04:45:58 PM »
www.
bloomberg.com/amp/news/articles/2020-05-06/alibaba-buys-1-2-billion-stake-in-singapore-office-building

Bought 2015 - 1.17B ($1,735 psf) Sold: 2020 - 1.65B ($2,150 psf).

Offline odie

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Re: Casino Stocks
« Reply #1985 on: May 06, 2020, 04:47:28 PM »
www.
bloomberg.com/amp/news/articles/2020-05-06/alibaba-buys-1-2-billion-stake-in-singapore-office-building

Bought 2015 - 1.17B ($1,735 psf) Sold: 2020 - 1.65B ($2,150 psf).

Perennial Real Estate Holdings Limited

Offline odie

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Re: Casino Stocks
« Reply #1986 on: May 06, 2020, 04:48:22 PM »
http://
www.
straitstimes.com/singapore/health/singaporeans-to-be-given-improved-reusable-masks-in-third-nationwide-mask

Offline odie

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Re: Casino Stocks
« Reply #1987 on: May 06, 2020, 08:05:54 PM »
FLCT today very strong closed 1.08
Lucky didn’t sell today

Offline zuolun

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Re: Casino Stocks
« Reply #1988 on: May 07, 2020, 02:17:29 PM »
Click your posted LINKS to know what's the of meaning of "garbage in garbage out".

https://
cgs-cimb.com/en/angry-bear-what-to-do.jsp

https://
hk.appledaily.com/finance/20200420/NKIG24SUXCC2UBRDZRY2FJL3VM/
【曾淵滄專欄】內地航空股值得賭一賭 - 曾淵滄
更新時間 (HKT): 2020.04.20 02:20

https://
hk.appledaily.com/finance/20200311/PIAWOPLFGBI53IXHAIOUOXFGTI/
【曾淵滄專欄】國泰貨源歸邊(曾淵滄)
更新時間 (HKT): 2020.03.11 18:30

https://
www.scmp.com/news/asia/east-asia/article/3080715/japan-dirty-*-online-backlash-against-prime?src=amp-article-read-more

In Japan, dirty face masks spark online backlash against prime minister
Julian Ryall
Published: 5:00pm, 20 Apr, 2020

https://
www . investingnote.com/posts/1916625

SingPost

https://
www . investingnote.com/posts/1916749

Mapletree Logistics

https://
www.casino.org/news/sands-china-is-asking-lenders-for-waivers-to-avoid-a-possible-default/

Sands China, Seeking Flexibility, Asks Lenders to Waive Default Agreements Through July 2021

Todd Shriber Todd Shriber
4 weeks ago

https://
sgstockmarketinvestor.com/6-key-takeaways-from-warren-buffett-during-the-berkshire-hathaway-agm/

Offline zuolun

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Re: Casino Stocks
« Reply #1989 on: May 07, 2020, 02:32:20 PM »
There is a difference between the 2 links highlighted in blue.

https://www.investingnote.com/posts/1916625
SingPost

https://www.investingnote.com/posts/1916749
Mapletree Log Tr

https://
www . investingnote.com/posts/1916625

SingPost

https://
www . investingnote.com/posts/1916749

Mapletree Logistics

Offline zuolun

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Re: Casino Stocks
« Reply #1990 on: May 07, 2020, 03:18:42 PM »
SIA shares climb, after adjusting for rights issue, on hopes of easing lockdowns ~ 6 Apr 2020
https://www.straitstimes.com/business/companies-markets/sia-shares-plunge-28-as-they-trade-ex-rights
The stock lost as much as 28.3% or $1.675 to $4.235 within the first minute of the opening bell on May 6, 2020.

SIA ~ Trading in a downward sloping channel, interim TP S$3.90, next TP S$3.22

SIA gapped down and closed with an inverted hammer @ S$4.40 (1.51, -25.5%) with exceptionally high volume done at 48.8m shares on 6 May 2020.

Immediate support @ S$3.90, immediate resistance @ S$5.04.



SIA ~ Bearish stair-step breakout, interim TP S$4.83, next TP S$3.90

SIA closed with a spinning top @ S$5.56 (-0.42, -6.5%) with 4.00m shares done on 1 Apr 2020.

Immediate support @ S$5.28, immediate resistance @ S$5.76.


Offline zuolun

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Re: Casino Stocks
« Reply #1991 on: May 08, 2020, 08:00:43 AM »
SIA rights: The curious case of its price action ~ 6 May 2020
https://newacademyoffinance.com/sia-rights-price-action/

SIA rights shares and MCBs issues – How to make sense of them ~ 6 May 2020
https://www.drwealth.com/sia-rights-shares-and-mcbs-issues-how-to-make-sense-of-them/

SIA rights shares and rights MCBs walkthrough and explanation ~ 4 May 2020
https://www.youtube.com/watch?v=eeXMg7jE4lA

Singapore Airlines cancels most flights until end of June ~ 27 Apr 2020
https://www.businesstraveller.com/business-travel/2020/04/27/singapore-airlines-to-cancel-most-flights-until-end-of-june/

SIA: Alternative view

SIA ~ Bear Flag Breakout, interim TP S$3.98, next TP S$2.65

SIA gapped down and closed with an inverted hammer @ S$4.40 (1.51, -25.5%) with exceptionally high volume done at 48.8m shares on 6 May 2020.

Immediate support @ S$3.90, immediate resistance @ S$5.04.



SIA: Alternative view

SIA ~ Bearish Flag formation, critical support @ S$5.28

SIA closed with a black marubozu @ S$6.04 (-0.10, -1.6%) with 1.93m shares done on 24 Apr 2020.

Immediate support @ S$5.76, immediate resistance @ S$6.15.


Offline zuolun

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Re: Casino Stocks
« Reply #1992 on: May 08, 2020, 08:50:55 AM »
FLCT today very strong closed 1.08
Lucky didn’t sell today

「有早知冇乞儿」 = 当初如果你早知道的话;今日你就不会做乞丐了!

F&N provides guarantees for Charoen Sirivadhanabhakdi's Starbucks Thailand deal ~ 14 Feb 2020
https://links.sgx.com/FileOpen/IPTs_-_14.2.2020.ashx?App=Announcement&FileID=596551
F&N will offer corporate guarantees to third-party lenders for associate Coffee Concepts (Thailand) Co’s financial obligations. The corporate guarantees (up to S$129.8m), are for loan facilities related to Coffee Concepts (Thailand) Co’s purchase last year of Starbucks’ Thailand business.

Thai billionaire Charoen builds empire with Fraser and Neave Ltd (F&N) takeover ~ 22 Jan 2013
https://www.reuters.com/article/us-fraserandneave-billionaire/thai-billionaire-charoen-builds-empire-with-fn-takeover-idUSBRE90L05W20130122

F&N ~ Closed @ S$1.49 (Dead Cat Bounce +S$0.44), support @ S$1.45 ~ 30 Apr 2020



苏小妹:

有感而发 ~ F&N的妈妈股和姐妹股让我想我的一根烂牙。本来在2013年我只需要付几十块钱就可以拔掉的。可是当年我并没有立刻去做;反而拖到今年(2019年6月11日)才拔掉它。你知道我付了多少倍才能够拔掉那根烂牙吗?答案是:六倍!

烂牙不拔后患无穷

http://health.people.com.cn/n1/2017/1111/c14739-29639947.html

F&N (adjusted for any splits) rose to high of $9.60 per share in 2013. After divesting its stakes in Asia Pacific Brewery, F&N returned capital of $3.70 per share to shareholders. Following which, in the same year, the group spun off its property arm Frasers Centrepoint (FCL) and shareholders got a dividend in specie distribution of two FCL shares for every F&N share they own. Each share of FCL had a book value of $2.04 then. After adjusting the stock for the capital reduction and dividend in specie exercise, the theoretical residual value for the F&N stock should be $1.82.

F&N ~ Potential Double Bottom, critical support @ S$1.635

F&N closed with a black marubozu unchanged @ S$1.72 with extremely thin volume done at 33,600 shares on 14 Jun 2019.

Immediate support @ S$1.705, immediate resistance @ S$1.76.


Offline odie

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Re: Casino Stocks
« Reply #1993 on: May 08, 2020, 10:52:06 AM »
https://newscolony.com/mit-could-lose-10-20-of-tenants-if-circuit-breaker-tightens/

https://sg.finance.yahoo.com/news/3-reits-grew-dividends-233044211.html

CCT n CMT merger meeting postponed and won't be in May 2020.
The long stop date remains at 30 Sept 2020.

Offline zuolun

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Re: Casino Stocks
« Reply #1994 on: May 09, 2020, 08:30:58 AM »
十年人事几番新,人生能有多少个十年? (odie living in a dreamland, after a one-night stand with F&N @ S$8.82)

Zuolun bro,

Can always buy high and sell high

Like F&N, I buy at sky high 8.82
And waited until it split to frasers property limited to sell at 1.69 and F&N at 3.07 although it is now at $2, I am happy with small profits

「有早知冇乞儿」 = 当初如果你早知道的话;今日你就不会做乞丐了!
F&N ~ Closed @ S$1.49 (Dead Cat Bounce +S$0.44), support @ S$1.45 ~ 30 Apr 2020


Zuolun bro,

Frasers commercial closed 1.59
52 weeks high
Rights issue coming
Lolx

FLCT today very strong closed 1.08
Lucky didn’t sell today

Frasers Commercial unitholders approve S$1.54B merger with Frasers Logistics ~ 11 Mar 2020
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/frasers-commercial-unitholders-approve-s-1-54b-merger-with-frasers-logistics-57539094
Merger between FLT and FCOT completed w.e.f. 29 April 2020, the company has been renamed as FLCT.

所有上市公司掌舵人在股票市场玩数字游戏最先考虑的重点是:他們自己本身的利益。

Frasers Logistics, Frasers Commercial Trust said to be planning to merge ~ 28 Nov 2019
https://www.theedgesingapore.com/news/ma/frasers-logistics-frasers-commercial-trust-said-be-planning-merge
Frasers Property, backed by Thailand’s TCC Assets, is the main sponsor for both REITs.

Offline zuolun

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Re: Casino Stocks
« Reply #1995 on: May 09, 2020, 11:47:25 AM »
十年人事几番新,人生能有多少个十年? (odie living in a dreamland, after a one-night stand with F&N @ S$8.82)

Frasers Commercial unitholders approve S$1.54B merger with Frasers Logistics ~ 11 Mar 2020
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/frasers-commercial-unitholders-approve-s-1-54b-merger-with-frasers-logistics-57539094
Merger between FLT and FCOT completed w.e.f. 29 April 2020, the company has been renamed as FLCT.

In short, odie's buy on F&N @ S$8.82 in end-2012 was merely to gamble. That bet was profitable only if it was sold near the peak @ S$9.75 in early-Jan 2013.

‘I was wrong about that business,’ Warren Buffett says of decision to unload stocks in United, American, Delta and Southwest Airlines. ~ 3 May 2020

願賭服輸
https://www.youtube.com/watch?v=1yDhgyUXlv8


Offline odie

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Re: Casino Stocks
« Reply #1996 on: May 09, 2020, 03:06:49 PM »
https://www.drwealth.com/a-derivative-tracking-the-singapore-airlines-sia-shares-went-to-0-within-minutes/


Offline zuolun

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Re: Casino Stocks
« Reply #1997 on: May 09, 2020, 04:12:37 PM »
https://www.drwealth.com/a-derivative-tracking-the-singapore-airlines-sia-shares-went-to-0-within-minutes/

愿赌服输!没什么可说的!


Offline odie

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Re: Casino Stocks
« Reply #1998 on: May 09, 2020, 08:16:13 PM »
https://www.bloomberg.com/news/articles/2020-05-08/oil-crash-busted-a-broker-s-computers-and-inflicted-huge-losses

All leverage products are risky
If I don’t understand, I won’t buy

Offline odie

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Re: Casino Stocks
« Reply #1999 on: May 09, 2020, 08:32:31 PM »
https://seekingalpha.com/article/4338443-euronav-nv-contango-opportunity

https://seekingalpha.com/article/4343449-adventures-in-following-harris-kuppermanThanks

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