*Official* MasterLeong Thread - Part 2

[Retireready]

Whether their fundamentals good hahaha

don't think too deep la. what's your main concern?

 

[[M]aiev]

a decade ago started with 2000 shares of sti etf

keep saving, keep investing

jia you bro

power la, u also join

 

[Asphodeli]

Whether their fundamentals good hahaha

i think it's ok, since 60+% of their income comes from Singapore. Not easy to do business in this climate, but yield is acceptable. Note that they have APAC properties which should power their DPU for a while, especially Japan's hosting of Olympics.

always remember why u buy a stock, and would you hold that stock if it was not traded on the stock exchange...that's what warren buffet said.

btw hope you didn't put too much $ also, that's going too "deep" on one stock liao

 

[Retireready]

Thank you bro!

i think it's ok, since 60+% of their income comes from Singapore. Note that they have APAC properties which should power their DPU for a while, especially Japan's hosting of Olympics.

always remember why u buy a stock, and would you hold that stock if it was not traded on the stock exchange...that's what warren buffet said.

 

[Retireready]

Didn't went too deep on that, mostly still the "5 tiger generals" which ML recommend

 

[TheIntelligentInvestor]

I can't attach picture lol, however roughly see that their DPU decrease from 1.32 to 1.26 while their gross revenue decrease by 2.8%, what to make of this lol

As i said if you exclude the Japan and China properties, results will be pretty flat.

 

[MasterLeong]

just back home after RT and dinner

damn shag

but gonna plow throught KC results and write up a bit on it

 

[TheIntelligentInvestor]

always remember why u buy a stock, and would you hold that stock if it was not traded on the stock exchange...that's what warren buffet said.

Exactly. I have confidence in Mr Ho and his team to deliver stable results.

 

[MasterLeong]

http://www.kepcorp.com/en/content.aspx?sid=73

KC full year results presentation slides here

 

[MasterLeong]

GG max to keppel corp


Dividend from 34.0 cts per share to 20.0 cts per share

 

[MasterLeong]

KC the marine numbers really damn bad

previously early Q1 Q2, during webcast I got ask them if will face further write off or not... they say also sufficient

end up Q4 now they take another write off for marine segment.... zzzzzzzzzzzz

so glad I am not longer a shareholder of KC, I dun like their management

SCI the management I like more, more upfront and candid... too bad the ceo gone haizzzzzz


I think SMM earnings will be super low, or even another year of losses if they take a big write off again too

 

[akwl88]

If Mr Ong Ye Kung's briefing (ST, 25 Jan 2017) on the soon-to-be-released Committee of Future Economy (CFE) report is anything to go by, it looks like another one thick on tired rhetoric. He said:

One, Singapore has to identify areas of future growth like trade, its airport and seaport, and the digital economy.
(Haven't we been doing these all this time - yet losing ground?)

Two, deepen the skills base of workers.
(Again, we've been talking about this since the '70s?)

Three, companies must be encouraged to tap and enter regional and global markets.
(Remember 'growing the Second Wing' of our economy in the '80s? Suzhou Industrial Project? What happened to those?)

Four, venture out for an enterprising spirit.
(How is this different from 3?)

If you cobble together a bunch of establishment folks and usher them into an echo-chamber, you're not going to hear anything new.

On the other hand, the three key reforms that we really need: revamping the education system, scrapping GLCs, and stopping the control of the media are not on the table.

We're headed deeper into trouble.

 

[Genosis]

Seems like O&G sector has not bottomed yet....

If a major blue-chip like KC is oredi facing so much stress..... cannot imagine how those small players are surviving

Make me abit worried for the NPLs of banks exposed to O&G loans...

KC the marine numbers really damn bad

previously early Q1 Q2, during webcast I got ask them if will face further write off or not... they say also sufficient

end up Q4 now they take another write off for marine segment.... zzzzzzzzzzzz

so glad I am not longer a shareholder of KC, I dun like their management

SCI the management I like more, more upfront and candid... too bad the ceo gone haizzzzzz


I think SMM earnings will be super low, or even another year of losses if they take a big write off again too

 

[thenakedshades]

Cmt and cct still ok to buy for long term
Dividends
Solid blue chips

Higher risk play is cdg, can wait for results out then decide also can

okay, so this are the only 3 counters still at port?

 

[Arsenalz]

Keppel ends FY16 with earnings of $784 mil, the lowest in a decade
By PC Lee / theedgemarkets.com.sg | January 26, 2017 : 6:18 PM MYT
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SINGAPORE (Jan 26): Keppel Corp posted earnings of $784 million for FY16 ended Dec, the lowest annual profit in a decade.

Full-year revenue fell 34.3% to $6.8 billion while operating profit fell 47.5% to $795 million.

The drop was largely due to lower contributions from Offshore & Marine (O&M) as well as additional provisions for impairment during the year of $336 million, mainly from rightsizing of Keppel Offshore & Marine and impairments of investments and work-in-progress.

In 4Q16, the group posted earnings of $143 million, 64.7% lower compared to a year ago. This came on the back of a 34.4% fall in revenue to $6.8 million.

For FY16, Keppel’s O&M Division remained profitable despite the sharp downturn, ending the full year with a net profit of $29 million. But the division was forced to reduce its direct workforce by about 10,600 or 35%, with about 3,800 in Singapore and 6,800 overseas.

Keppel O&M also cut its yard capacity and have mothballed two overseas yards. In Singapore, it is in the process of closing three yards.

The O&M division secured new contracts worth about $500 million for the full year.

The Property Division recorded a net profit of $620 million for FY16, with Keppel Land recording a higher net profit of $586 million compared to $564 million in 2015.

A total of 5,720 homes were sold in 2016, comprising about 3,800 units in China and another 1,520 units in Vietnam, with total sales value of about $2.3 billion. This is about 25% higher than the 4,570 homes sold in 2015.

The Infrastructure Division posted a net profit of $99 million for the full year.

CEO Loh Chin Hua said, “All parts of the Keppel Group are working hard to ensure that we remain resilient, despite the headwinds. Recurring income contributed to 42% of the Group’s total net profit for the year. Gains from revaluations, divestments and reversal of prior impairments amounted to $270 million, before additional provisions for impairment during the year of $336 million.”

“We will continue to focus on growing stable, recurring income that will enable Keppel to ride out downcycles. Through the challenges, I am confident that Keppel will emerge stronger, anchored on our multi-business strategy,” added Loh.

The Board has proposed a final dividend of 12.0 cents per share; bringing total dividend of 20.0 cents per share for FY16.

Shares of Keppel closed 12 cents lower at $6.39.

Tags:

No that it matter much now. But it's closed 12cents higher.

 

[Maeda_Toshiie]

If Mr Ong Ye Kung's briefing (ST, 25 Jan 2017) on the soon-to-be-released Committee of Future Economy (CFE) report is anything to go by, it looks like another one thick on tired rhetoric. He said:

One, Singapore has to identify areas of future growth like trade, its airport and seaport, and the digital economy.
(Haven't we been doing these all this time - yet losing ground?)

Two, deepen the skills base of workers.
(Again, we've been talking about this since the '70s?)

Three, companies must be encouraged to tap and enter regional and global markets.
(Remember 'growing the Second Wing' of our economy in the '80s? Suzhou Industrial Project? What happened to those?)

Four, venture out for an enterprising spirit.
(How is this different from 3?)

If you cobble together a bunch of establishment folks and usher them into an echo-chamber, you're not going to hear anything new.

On the other hand, the three key reforms that we really need: revamping the education system, scrapping GLCs, and stopping the control of the media are not on the table.

We're headed deeper into trouble.

Nothing new. Expected.

 

[Pesantkie]

No that it matter much now. But it's closed 12cents higher.

ppl haven react to the news

 

[Genosis]

Wa..... if this is the best our elites can come up with.....Singapore jialat liao!!!

If Mr Ong Ye Kung's briefing (ST, 25 Jan 2017) on the soon-to-be-released Committee of Future Economy (CFE) report is anything to go by, it looks like another one thick on tired rhetoric. He said:

One, Singapore has to identify areas of future growth like trade, its airport and seaport, and the digital economy.
(Haven't we been doing these all this time - yet losing ground?)

Two, deepen the skills base of workers.
(Again, we've been talking about this since the '70s?)

Three, companies must be encouraged to tap and enter regional and global markets.
(Remember 'growing the Second Wing' of our economy in the '80s? Suzhou Industrial Project? What happened to those?)

Four, venture out for an enterprising spirit.
(How is this different from 3?)

If you cobble together a bunch of establishment folks and usher them into an echo-chamber, you're not going to hear anything new.

On the other hand, the three key reforms that we really need: revamping the education system, scrapping GLCs, and stopping the control of the media are not on the table.

We're headed deeper into trouble.

 

[akwl88]

Wa..... if this is the best our elites can come up with.....Singapore jialat liao!!!

SINGAPORE - Singapore's economic growth cannot be achieved through manpower growth, but should be pursued based on productivity and innovation, Education Minister (Higher Education and Skills) Ong Ye Kung said on Tuesday (Jan 24) as he gave a preview of an upcoming governmental report about how the country's economy will enter its next phase.

Speaking at an international roundtable organised by the Singapore University of Technology and Design's Lee Kuan Yew Centre for Innovative Cities, Mr Ong said that Singapore's manpower growth was bound by its small size, challenging demographic trends as well as the need to preserve a sense of identity.

The report by the Committee on the Future Economy will thus focus on figuring out how Singapore can maximise the use of its limited resources.

"We are on an irreversible journey to pursue growth based on productivity and innovation," he said.

Mr Ong, who is also the Second Minister of Defence, said the report will go deeper into the "algorithms and mechanisms of (resource) allocation, achieving quantum leaps in optimisation".

"In other words, we are answering the question: how do we do more with less?" he said.

This can be done by anticipating areas of future growth, deepening the skills base of employees here, encouraging people and businesses to enter regional and global markets, and nurturing an enterprising spirit.

Mr Ong said that while the Government can foster an environment that facilitates enterprise, society needs to "play an even bigger role in the way it views failures, celebrates successes, and decides who it shall honour".

"Today, our culture is to honour scholars who have good academic grades, who can rise in organisations and bureaucracies," said Mr Ong.

"We need to put on the same pedestal the entrepreneurs, who have tried, who have failed, but have succeeded. We need to honour them."

http://www.straitstimes.com/singapo...ill-focus-on-doing-more-with-less-ong-ye-kung

 

[Mr.Canberra]

Damn talk cock only. Please start by paying blue collar jobs a decent pay first to match the cost of living in 2017 not 1997!

So in the event any entrepreneurs fail they can have something to fall back on and get back on their feet again.