*Official* MasterLeong Thread - Part 2

[MasterLeong]

sti hit 2999 riao... hong gan riao la

need it to close 3000 or better at 5.05

 

[yong83]

If someone named me as the proxy for AGM, what do i need to bring that day?
Do i need to bring that person's IC? Or any thing as proof?

 

[MasterLeong]

If someone named me as the proxy for AGM, what do i need to bring that day?
Do i need to bring that person's IC? Or any thing as proof?

no idea man
Never when as proxy before
Got any letter or prove that u are the proxy?

 

[lyne_ho]

If someone named me as the proxy for AGM, what do i need to bring that day?
Do i need to bring that person's IC? Or any thing as proof?

Proxy form signed by the authorized person and of course your IC

 

[yong83]

no idea man
Never when as proxy before
Got any letter or prove that u are the proxy?

Hi ML, we only fill up the proxy form and then send back. No letter or prove received since then.

 

[yong83]

Proxy form signed by the authorized person and of course your IC

Hi lyne. The proxy form was signed and mailed out. Do you mean sign another one and bring it on tat day?

 

[lyne_ho]

Hi lyne. The proxy form was signed and mailed out. Do you mean sign another one and bring it on tat day?

Make sure it's well received, otherwise just bring another copy just in case

 

[yong83]

Make sure it's well received, otherwise just bring another copy just in case

Ok. Noted. Thanks. Do i need to bring that person ic copy too?

 

[lyne_ho]

Ok. Noted. Thanks. Do i need to bring that person ic copy too?

No need.......

 

[yong83]

Thanks ML and lyne

 

[MasterLeong]

sti closed zhun zhun 3000 level sia

 

[MasterLeong]

CapitaGreen saves the day for CCT
By PC Lee / theedgemarkets.com.sg | January 18, 2017 : 11:33 AM MYT
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SINGAPORE (Jan 18): It was CapitaGreen that saved the day for CapitaLand Commercial Trust (CCT) in a softening market outlook, says Religare Capital Markets.

(See also: CapitaLand Commercial Trust reports 10.1% rise in 4Q DPU to 2.39 cents on CapitaGreen’s contribution)

CCT’s 4Q16 results came in line with Religare’s estimates, with the full year’s revenue and DPU accounting for 104% and 100% of its full-year forecasts respectively.

“Despite a softer office market with potential of negative rental reversion, we expect CCT’s performance to remain relatively stable in the quarters ahead as additional contribution from the 60% stake in CapitaGreen continues to come through,” says analyst Tata Goeyardi in a Wednesday report.

CCT delivered on DPU despite lower occupancy. Gross revenue jumped 32.7% y-o-y in 4Q16 to $89.7 million due to the acquisition of the 60% stake at CapitaGreen in August.

But CCT’s portfolio occupancy dipped 0.3% y-o-y, with weakness in Twenty Anson and Golden Shoe Car Park. Portfolio rent eased by 0.2% during the quarter to $9.20 psf/month.

However, distributable income for the quarter rose 10.4% y-o-y to $70.8 million due to higher distribution from JVs, including RCS Trust and MSO Trust (holds CapitaGreen).

As such, DPU improved 10.1% in 4Q16 to 2.39 cents.

However, Goeyardi says DPU could potentially drop by as much as 4% if the full $175 million worth of bonds convertible in 2017 and currently priced at $1.4816 are converted to shares.

Leverage remains unchanged at 37.8%; translating to a further debt headroom of $320 million to fund further acquisitions.

With only 7% of leases by gross rental income due to expire in FY17, CCT’s portfolio appears well-positioned against a soft-market outlook on the back of the impending completion of Marina One.

But with an average rent of $10.85 psf expiring at Six Battery Road, One George Street and Raffles City Tower in 2017, while market rents currently standing at low-$9, amid a soft outlook, CCT is expected to face negative reversion for these leases, says the analyst.

However, any weakness will likely be mitigated by the additional contribution from CapitaGreen.

Religare is reviewing its “hold” call on CCT with a target price of $1.46.

At 11.21am, units of CCT are trading 1 cent higher at $1.57.

 

[MasterLeong]

TOP STORIES
The Call
Sharing is caring for local telcos. Or is it?
By Gwyneth Yeo / theedgemarkets.com.sg | January 18, 2017 : 3:42 PM MYT
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SINGAPORE (Jan 18): Local telcos M1 and StarHub are about to commence studies on the efficacy of sharing its network infrastructure like its base stations and backhaul transmission.

The study is expected to take up to six months to complete but UOB Kay Hian’s analyst Jonathan Koh believes the collaboration is in the bag, given that the two companies share common equipment vendors like Huawei and Nokia, which aids integration and sharing.

Therefore, the brokerage has upgraded both telcos to a “buy” and the overall telco sector to an “overweight” rating.

According to Koh, both M1 and StarHub would likely benefit from the increased coverage and capacity of a shared infrastructure, while still maintaining control over their individual network traffic. That’s because the deal does not involve the sharing of spectrum and is in fact not subject to regulatory approvals from the Infocommunications Media Development Authority of Singapore (IMDA).

Koh notes that the benefits of sharing 4.5G would be minimal due to the overlaps in network infrastructure. With IMDA’s raised service requirements for outdoor coverage from 95% to 99% for 2H17, M1 and StarHub may enjoy small savings in capital expenditure for areas where their network coverage is lacking.

However, the story changes dramatically in the shared building of a 5G network, which is expected to be rolled out in 2019. According to telecommunication equipment company Ericsson, network sharing could reduce site requirements by 30% to 40%, reduce capital expenditure by 20% to 30%, and reduce operating expenditure by 25% to 30%.

Incidentally, the sharing between M1 and StarHub may spur Singapore Telecommunications and TPG Telecom to consider network sharing as well.

“However, the execution impediments are greater here as Singtel’s wholly owned subsidiary Optus and TPG are competitors in the fixed line market in Australia,” said Koh, who has a “buy” rating and a target price of $4.53 for SingTel.

Koh has raised his target price for M1 from $1.76 to $2.50 and raised his target price for StarHub from $2.40 to $3.55. “M1 would be the bigger beneficiary of network sharing as mobile accounted for 78.7% of service revenue in 3Q16 compared with 54.8% for StarHub,” he concludes.

Shares in SingTel, M1 and Starhub are trading at $3.80, $2.14 and $3.10 respectively.

 

[Takodoro]

TOP STORIES
The Call
Sharing is caring for local telcos. Or is it?
By Gwyneth Yeo / theedgemarkets.com.sg | January 18, 2017 : 3:42 PM MYT
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Translated by Google Translator:
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SINGAPORE (Jan 18): Local telcos M1 and StarHub are about to commence studies on the efficacy of sharing its network infrastructure like its base stations and backhaul transmission.

The study is expected to take up to six months to complete but UOB Kay Hian’s analyst Jonathan Koh believes the collaboration is in the bag, given that the two companies share common equipment vendors like Huawei and Nokia, which aids integration and sharing.

Therefore, the brokerage has upgraded both telcos to a “buy” and the overall telco sector to an “overweight” rating.

According to Koh, both M1 and StarHub would likely benefit from the increased coverage and capacity of a shared infrastructure, while still maintaining control over their individual network traffic. That’s because the deal does not involve the sharing of spectrum and is in fact not subject to regulatory approvals from the Infocommunications Media Development Authority of Singapore (IMDA).

Koh notes that the benefits of sharing 4.5G would be minimal due to the overlaps in network infrastructure. With IMDA’s raised service requirements for outdoor coverage from 95% to 99% for 2H17, M1 and StarHub may enjoy small savings in capital expenditure for areas where their network coverage is lacking.

However, the story changes dramatically in the shared building of a 5G network, which is expected to be rolled out in 2019. According to telecommunication equipment company Ericsson, network sharing could reduce site requirements by 30% to 40%, reduce capital expenditure by 20% to 30%, and reduce operating expenditure by 25% to 30%.

Incidentally, the sharing between M1 and StarHub may spur Singapore Telecommunications and TPG Telecom to consider network sharing as well.

“However, the execution impediments are greater here as Singtel’s wholly owned subsidiary Optus and TPG are competitors in the fixed line market in Australia,” said Koh, who has a “buy” rating and a target price of $4.53 for SingTel.

Koh has raised his target price for M1 from $1.76 to $2.50 and raised his target price for StarHub from $2.40 to $3.55. “M1 would be the bigger beneficiary of network sharing as mobile accounted for 78.7% of service revenue in 3Q16 compared with 54.8% for StarHub,” he concludes.

Shares in SingTel, M1 and Starhub are trading at $3.80, $2.14 and $3.10 respectively.

1.76 --> 2.50 = 42.0% increase
2.40 --> 3.55 = 47.9% increase



So can the alliance trim off 40% of M1/Starhub operating expense? I think that should be the question we should be asking.

 

[MasterLeong]

somehow M1 is now my top position, which is kinda of a mistake for me portfolio management wise... as M1 is a mid cap stock, not a blue chip

If M1 hits 2.40 I would want to sell off 5,000 and bring it down to 10,000 as re balancing

 

[MasterLeong]

http://forums.hardwarezone.com.sg/e...-very-stress-work-cannot-sleep-5547687-5.html

 

[L'oreal Paris]

http://forums.hardwarezone.com.sg/e...-very-stress-work-cannot-sleep-5547687-5.html

Double that for me

 

[MasterLeong]

M1 and Huawei achieve 35Gbps in 5G trial
By PC Lee / theedgemarkets.com.sg | January 18, 2017 : 12:53 PM MYT
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SINGAPORE (Jan 18): M1 and Huawei announced they have achieved Singapore’s highest 5G transmission speeds of 35Gbps, meaning users will be able to download a 1080p movie in seconds when the network becomes available.

The M1-Huawei demonstration, performed at M1’s main operating centre in Jurong, was conducted using millimeter wave (mmWave) over the 73GHz band at E-band.

“The trial validates the performance of 5G in high frequency bands and opens up a new landscape for the standardisation of 5G high-frequency technologies in Singapore,” say M1 and Huawei in a joint announcement.

Various different 5G technologies and standards are undergoing trials globally, overseen by the 3rd Generation Partnership Project (3GPP) standards body.

The 3GPP is expected to finalise 5G technology standards for global adoption and deployment by 2020.

Alongside greater throughput speeds, 5G technology will support the massive number of low-latency connections critical to driving the next wave of virtual/augmented reality and Internet of Things applications such as autonomous driving.

“Singapore’s mobile networks are widely acknowledged as amongst the most advanced worldwide, and M1 is committed to staying at the forefront of 5G technology to ensure our consumers enjoy the best experience and latest smart applications,” said Denis Seek, Chief Technical Officer, M1.

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[MasterLeong]

Double that for me

why u so stressed with work?


work so stress then u play stocks, like that even more stressed wor

 

[MasterLeong]

Sembcorp signs BOT deal with Myanmar government for Mandalay power plant
By PC Lee / theedgemarkets.com.sg | January 18, 2017 : 6:03 PM MYT
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SINGAPORE (Jan 18): Sembcorp has signed the build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar for its upcoming 225-megawatt Sembcorp Myingyan gas-fired power plant in Mandalay.

Under the agreement, Sembcorp Myingyan Power Company will build and operate the power plant for 22 years, after which the facility will be transferred to the Myanmar government.

The BOT agreement comes after the signing of a long-term power purchase agreement in March, for the sale of the plant’s entire power output to Electric Power Generation Enterprise (EPGE), the successor entity to Myanma Electric Power Enterprise (MEPE) after the re-organisation within the ministry.

The total project cost of the Sembcorp Myingyan Power Project is US$300 million ($426 million). Once operational, the power project would become one of Myanmar’s largest gas-fired power plants, and would help to play a key role in meeting the country’s growing demand for electricity.

The signing of the BOT agreement is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp for the financial year ending December 31, 2017.

Shares of Sembcorp closed 2 cents higher at $3.08.