*Official* General Market Chit Chat Thread

[Perisher]

SCI got 2 business marine and utilities

the utilities side still ok, all overseas assets are on long term contracts for recurring income... its a cash cow

the marine side...... super gg....2015 likely full year earnings down 40%-50%? 2016 also looking to be weak, may only recover in 2017

I thought SCI's utilities reported weak earnings too or did I remember wrongly?

 

[Genosis]

I thought SCI's utilities reported weak earnings too or did I remember wrongly?

Ya...The recent result shows weakening performance for utilities too...

I think utilities earnings can still cushion the blow from the marine side. But it cannot completely compensate for it.

 

[Perisher]

Oct 2015
SembCorp Industries Limited (SGX: U96) reported in its third quarter earnings report yesterday evening. The reporting period was for 1 July 2015 to 30 September 2015.

SembCorp Industries’ revenue comes from its three major business segments: Utilities; Marine; and Urban Development & Others. The Marine segment’s contribution mainly comes from SembCorp Industries’ 61% ownership stake in SembCorp Marine Ltd (SGX: S51).
https://www.fool.sg/2015/10/30/semb...latest-earnings-what-investors-should-know-2/

Quarterly revenue for the Utilities segment fell by 11% year on year, ending the quarter with $1.2 billion in sales. The utilities segment’s revenue was impacted by lower high sulfur fuel oil (HSFO) prices. The fall in topline was partially mitigated by a higher contribution from its TPCIL power plant in India.

Net profit for the utilities segment also fell 21% year on year. During the quarter, SembCorp Industries recorded an allowance of $23.2 million for doubtful debt; this is done in accordance to the group’s policy.

 

[ValueInvestor]

Sci local utilities earnings no good, too much competition thats why earnings fell
Overseas utilities growing well

 

[Tornesoul]

visited artscience museum, had a free exhibition on the nobel foundation/prizes.

led me to thinking, how do they maintain/invest the nobel fund for prizes and etc.

nobel organisations annual report 2014
https://www.nobelprize.org/nobel_organizations/nobelfoundation/annual_report_14.pdf

"portfolio strategy of 55 per cent ± 10 percentage points invested in equities
including private equities (of which 20 per cent Swedish equities), 20 per cent ± 10 points in fixed income assets and 25 per cent ± 10 points in alternative assets, including properties and hedge funds."

and

"As for equities, the Nobel Foundation mainly invests in passive low-cost index funds in
liquid and transparent markets. The reason is that in markets of this kind, it is difficult to achieve above-index returns after fees. "

food for thought

 

[ValueInvestor]

US green green

 

[klavier]

sure got leh

even got people waiting for kep corp at 3.50... sure miss the boat, if not i chop my KKJ

Sorry cannot resist but have to quote your statement, even though chances very low

 

[Bedokian]

visited artscience museum, had a free exhibition on the nobel foundation/prizes.

led me to thinking, how do they maintain/invest the nobel fund for prizes and etc.

nobel organisations annual report 2014
https://www.nobelprize.org/nobel_organizations/nobelfoundation/annual_report_14.pdf

"portfolio strategy of 55 per cent ± 10 percentage points invested in equities
including private equities (of which 20 per cent Swedish equities), 20 per cent ± 10 points in fixed income assets and 25 per cent ± 10 points in alternative assets, including properties and hedge funds."

and

"As for equities, the Nobel Foundation mainly invests in passive low-cost index funds in
liquid and transparent markets. The reason is that in markets of this kind, it is difficult to achieve above-index returns after fees. "

food for thought

Most charitable trusts and foundations would probably have an investment plan as well.

Actually I did have a thought of setting one up in my later life. It is like managing a portfolio, but the returns would go for a charitable cause, like an annual education scholarship.

 

[Sinkie]

US green green

Tomorrow is non farm payroll right?

Issit gearing up for 18,000??

 

[ValueInvestor]

Most charitable trusts and foundations would probably have an investment plan as well.

Actually I did have a thought of setting one up in my later life. It is like managing a portfolio, but the returns would go for a charitable cause, like an annual education scholarship.

good to have a plan to pass on your wealth to charity

I forever alone, so when I die all my $$ going to singapore cancer foundation and HCA hospice care

hopefully from now till i die, i don't get cheated by ATB can already

 

[cloudfire]

Good luck, all the best and do Singapore proud!

Show us a picture of you holding a medal with out Singapore flag!!!

Next tues fly liao

Changed 756 sgd for 500 euros
Hope it will be enough to survive for the week

 

[Sinkie]

Most charitable trusts and foundations would probably have an investment plan as well.

Actually I did have a thought of setting one up in my later life. It is like managing a portfolio, but the returns would go for a charitable cause, like an annual education scholarship.

Actually why not just sign up for a term plan and beneficiary goes to a charity when u uplorry?

 

[sandwicher]

Sci local utilities earnings no good, too much competition thats why earnings fell
Overseas utilities growing well

Yeah that's why cannot say utilities is recurring because look what happened to their Singapore utilities results.

 

[SpinFire]

visited artscience museum, had a free exhibition on the nobel foundation/prizes.

led me to thinking, how do they maintain/invest the nobel fund for prizes and etc.

nobel organisations annual report 2014
https://www.nobelprize.org/nobel_organizations/nobelfoundation/annual_report_14.pdf

"portfolio strategy of 55 per cent ± 10 percentage points invested in equities
including private equities (of which 20 per cent Swedish equities), 20 per cent ± 10 points in fixed income assets and 25 per cent ± 10 points in alternative assets, including properties and hedge funds."

and

"As for equities, the Nobel Foundation mainly invests in passive low-cost index funds in
liquid and transparent markets. The reason is that in markets of this kind, it is difficult to achieve above-index returns after fees. "

food for thought

I also went to visit the Nobel exhibition few weeks back, very interesting.

Low-cost ETFs are the way to go, no need expensive funds managed by BlackRock or Aberdeen which charge 2% fee per annum

 

[Sinkie]

wah sti covered gap by gapping up !

jin saatki !! creating island sia !!!

An island reversal is a reversal pattern that forms with two gaps and price action in between the two gaps. These gaps tell us that the island reversal marks a sudden, and sharp, shift in direction. Even though they are relatively uncommon, island reversals are potent patterns that warrant our attention.

The alignment of the gaps holds the key. First, note that a bullish island reversal forms with a gap down and then a gap up. A bearish island reversal forms with a gap up and then a gap down. These gaps overlap to create an island of price action, hence the term "island reversal". The island is above the gaps on a bullish island reversal, and below the gaps on a bearish island reversal.

 

[winorlose]

Bought Trendlines 50k @ 0.335

go with the flow

 

[Tofuuuuuuck]

Cmt $2. Wonder what is driving up

 

[ValueInvestor]

SMM down 5%
SCI down 2%

 

[xSieghartx]

Cmt $2. Wonder what is driving up

Good, going up towards my entry price @ 2.1 haha.

 

[Shion]

SIA Engineering share buyback for the 5th time