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 Post subject: Re: AMATOR's News & misc
PostPosted: November 13th, 2012, 11:29 am 
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http://www.tnp.sg/forum/dumb-idiotic-imbeciles



This happened on 4th november Sunday approximately 2.30pm.
My friend sent her elder daughter to the Woodlands Regional Library for a workshop and proceeded to the nursing room located at 4th level, children section to nurse her youngest child. When she arrived outside the room, she saw the boy (in black shirt)seated comfortably on the sofa playing PSP. She asked if he could please excuse her so she could nurse her baby. The boy frowned at her and said the librarian agreed to let him in. When my friend again requested for him to leave the room, he retorted by saying 'I also feeding my baby' while his eyes were still on his PSP. My friend left, pushing her child in her stroller to the counter to ask for help. The librarian was busy attending to children's queries and mending books at that time. My friend then returned to the nursing room, thinking the boy could have left and hopefully she can settle her little one. Upon returning, she saw the nursing room door was closed and both signs on the door was switched to 'occupied' (instead of 'vacant' as shown earlier)
She opened the door gently and was surprised to then see two boys (not one) this time. The second boy looked shocked when he saw my friend. My friend again requested for them to leave the room so she could nurse her baby. They refused and the rest of the story is according to the video.

http://www.youtube.com/watch?v=g0KbTs0LNAQ

After the videoing, my friend had no choice but to leave since the boys did not move out. She went back to the librarian and pleaded for her to do something about the matter as she desperately needed to use the room. The librarian went into the nursing room and also politely but firmly asked the boys to leave. The boy in black laughed, threw his hands into the air and said 'that's more like it!' and they left.
When walking out in a threatening manner, the boy in black went close to my friend and said "you better not put me in stomp. My parents are very important people. They are really big people k." My friend went into the room and saw Macdonald paper bags, empty paper cups and used tissue papers all over the floor. She had no choice but to nurse her child in that room.


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 14th, 2012, 8:53 am 
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Tat Hong Holdings Fair Value Raised To S$1.70 From S$1.42 By OCBC

Lippo Malls Indonesia Retail Trust Upgraded To Buy From Hold By OCBC
Lippo Malls Indonesia Retail Trust Fair Value Raised To S$0.52 Vs S$0.47 By OCBC

First Resources Target Raised To S$2.27 From S$2.15 By Maybank-Kim Eng

First Resources Target Raised To S$2.50 From S$2.30 By UOB KayHian

Sarin Technologies Target Cut To S$1.57 From S$1.68 By Maybank-Kim Eng

Wilmar Target Raised To S$2.75 From S$2.60 By Maybank-Kim Eng

Wilmar Upgraded To Buy From Hold By OCBC

ECS Holdings Fair Value Raised To S$0.56 From S$0.52 By OCBC

ComfortDelGro Fair Value Raised To S$1.60 From S$1.53 By OCBC

Genting Singapore Fair Value Cut To S$1.33 From S$1.66 By OCBC
Genting Singapore Downgraded To Hold From Buy By OCBC

Genting Singapore Downgraded To Sell By UOB KayHian
Genting Singapore Target Cut To S$1.10 From S$1.40 By UOB KayHian

Golden Agri-Resources Fair Value Cut To S$0.65 From S$0.76 By OCBC
Golden Agri-Resources Downgraded To Hold From Buy By OCBC

Golden Agri-Resources Target Cut To S$0.68 From S$0.725 By Phillip Securities

Golden Agri-Resources Target Cut To S$0.72 From S$0.90 By UOB KayHian

Kreuz Holdings Target Raised To S$0.53 From S$0.45 By UOB KayHian

CSE Global Fair Value Cut To S$0.99 From S$1.09 By OCBC

ASL Marine Target Raised To S$0.85 From S$0.78 By CIMB

ComfortDelGro Target Raised To S$1.76 From S$1.66 By CIMB

Genting Hong Kong Target Raised To US$0.48 From US$0.42 By CIMB

Genting Singapore Downgraded To Neutral From Outperform By CIMB

Goodpack Target Raised To S$2.10 From S$1.93 By CIMB

Wheelock Properties Target Raised To S$2.00 From S$1.81 By CIMB


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 15th, 2012, 8:52 am 
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Global Logistic Properties Target Upped To S$2.70 Vs S$2.59-Daiwa
Global Logistic Properties Cut To Hold From Outperform - Daiwa

Global Logistic Properties Target Raised To S$2.61 From S$2.46 By Religare

City Developments Target Cut To S$9.70 From S$10.30 By Maybank-Kim Eng

SingTel Target Cut To S$3.06 From S$3.31 By Phillip Securities

STX OSV Fair Value Cut To S$1.69 From S$2.00 By OCBC

Viz Branz Upgraded To Buy From Hold By OCBC

Olam:
CLSA maintains Buy with $2.50 TP
Detusche maintains Buy with $2.30 TP
DMG maintains Buy with $2.56 TP
Maybank-KE maintains Hold with $1.75 TP

Olam International Target Cut To S$2.38 From S$2.55 By UOB KayHian

CDL:
Credit Suisse Keeps at Overweight, but lowers TP to $13.30 from $13.39
Deutsche keeps at Hold with TP $11.05.
Nomura maintains at Neutral, but raises TP slightly to $11.46 from $11.42

City Developments Target Raised To S$12.26 From S$11.85 By UOB KayHian


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 15th, 2012, 9:59 pm 
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The saga to take over Fraser & Neave Ltd. (F99.SG) continued Thursday, as one of Indonesia's richest families made an US$10.6 billion bid for the Singapore firm, trumping a pending offer by a Thai billionaire.

A unit of Indonesia's Riady family said it plans to buy shares in Fraser & Neave Ltd. (F99.SG) for S$9.08 (US$7.42) each, trumping a S$8.88 per share offer worth US$7.2 billion by Thai billionaire Charoen Sirivadhanabhakdi.

Overseas Union Enterprise Ltd. (LJ3.SG) is making its offer for the Singapore conglomerate with investments funds and accounts managed by Farallon Capital Management, L.L.C. and Noonday Global Management Ltd.

Fraser & Neave, a Singapore real estate and soft drinks company, has been in the headlines for months, starting off with a tussle for its beer assets, which were eventually sold to Heineken.

In a statement to the Singapore Exchange, OUE said that Japan's Kirin Holdings Co. Ltd. (2503.TO), the second largest shareholder in Fraser & Neave with a 14.8% stake, has "irrevocably" undertaken to accept the offer subject to certain conditions.

It said the Japanese company has also agreed to acquire the food & beverage business of Fraser & Neave group for S$2.7 billion after the successful completion of the offer by Overseas Union Enterprise.

A bid by the Riady family could set the stage for a multibillion-dollar battle between two of Southeast Asia's richest families for control of the Singapore conglomerate.

The latest twist to the takeover battle may mean that Mr. Chaoren may have to come up with a higher offer to gain full control of the Singapore conglomerate, which has parted ways with its most visible asset-a joint venture with Heineken to brew Tiger beer. Through his entities Thai Beverage PCL (Y92.SG) and unlisted TCC Assets, he now owns a third of Fraser & Neave.

Mr. Charoen's bid to Fraser & Neave has elicited a tepid response. The Singapore conglomerate on Oct. 10 said his US$7.2 billion bid was "not compelling." Fraser & Neave's board noted that Mr. Charoen's offer of S$8.88 a share was near the low end of its financial adviser's estimated valuation of S$8.30 to S$11.22 a share.


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 16th, 2012, 8:01 am 
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Singapore's economy shrank in the third quarter more than previously estimated, leading the government to cut its full-year growth estimate for 2012 to 1.5%, from an earlier estimate of a range from 1.5% to 2.5%.

Singapore's economy contracted 5.9% in the July to September period in seasonally adjusted, annualized terms, versus an earlier estimate of a 1.5% contraction, as the electronics sector sustained more damage from the faltering global economy, the Ministry of Trade and Industry said Friday.

From a year earlier, the economy eked out only a 0.3% expansion in the quarter, compared with an earlier estimate of a 1.3% expansion, according to the statement.

"Singapore's economic growth is expected to remain subdued for the rest of 2012. The electronics manufacturing cluster would continue to be weighed down by tepid external demand," the MTI said in a statement.

"Growth may be slightly lower than forecast, if the weakness in the externally-oriented sectors persists into the final quarter of 2012," it added.

Output in the manufacturing sector fell 0.8% from a year earlier in the third quarter, compared with the previously estimated 0.7% rise. Construction grew 7.7%, versus an earlier estimated 8.6% rise.


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 19th, 2012, 8:48 am 
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Fraser Centrepoint Trust Cut To Hold From Buy By Lim & Tan

Hutchison Port Holdings Trust Target Cut To US$0.84 From US$0.90 By Daiwa

Armstrong Industrial Target Raised To S$0.27 From S$0.25 by OSK-DMG

Overseas Union Enterprise Downgraded To Neutral From Accumulate By Phillip


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 20th, 2012, 10:12 am 
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Nam Cheong Started At Buy, S$0.28 Fair Value By OCBC

SingTel Target Raised To S$3.58 From S$3.40 By Credit Suisse
SingTel Upgraded To Outperform From Neutral By Credit Suisse

Saizen REIT Started At Buy, S$0.212 Fair Value - AmFraser


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 21st, 2012, 10:48 am 
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Report on
Olam International Limited
Muddy Waters Reaction to Olam Frantic Response
Published: November 20, 2012
To Olam CEO Sunny Verghese and the Board of Directors:

In the two and one-half years Muddy Waters, LLC has been openly criticizing publicly-traded companies, we have not seen a response as defensive as yours – not even from Sino-Forest. On Monday, our Director of Research gave a brief talk on Olam at a well-respected charity event. He presented facts about Olam along with Muddy Waters’s opinion that Olam is at risk of collapsing due multiple factors, including its debt load. As Olam has since said, his comments were not overly substantive. But based on this alone, Olam halted its stock, scheduled two conference calls, discussed buying back shares, and issued statements that included saying it is not a “fly-by-night company”. It has further evidenced a bizarre fixation on baseball caps.

Olam’s disproportionate reaction is extraordinary in our experience. Should Olam come to collapse (as we believe it will), its use of much-needed cash to buy back shares at this time should give rise to questions about whether fiduciary responsibilities have been breached – particularly given the possible existence of individual motivations that are not necessarily aligned with those of Olam’s lenders. We also note Olam’s attempts to impugn our credibility.

You and your investors should note that attempting to silence critics is not a plan of corrective action. In no way does it make Olam stronger. The February 2011 CLSA report, which raised far fewer concerns than we have identified internally, and that Olam itself made so controversial, should have caused you to work toward repairing what ails your business and your balance sheet. Instead, Olam has since increased its a) debt load by approximately S$900 million, b) cumulative investment cash burn by approximately S$2 billion, and c) cumulative operating cash burn by approximately S$500 million. In other words, you did the exact opposite of what you should have done. Your actions have been an abject failure of leadership.

Companies that attack criticism the way Olam does fail to understand that raising money from the public is a privilege. Because Olam has received significant investment from the government of Singapore, Olam’s mismanagement of the public trust is that much less forgivable. Know this: You voluntarily came to the market, you subjected yourselves to its forces, and you must bear the consequences of your ineptitude.

We do not work for an investment bank, and cannot be bullied the way other analysts can. Our research into Olam has been exhaustive, and we plan to resolutely stand by it regardless of any attempts you might make to discredit it or us.

We therefore suggest you find better uses of your time than focusing on criticism. For instance, you might want to work on plans to reign in your CapEx and de-leverage. The clock is likely ticking.

Warmest Regards,
Muddy Waters, LLC


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 21st, 2012, 2:00 pm 
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UOB Target Raised To S$21.00 From S$19.00 By Deutsche Bank
UOB Upgraded To Buy By Deutsche Bank

OCBC Target Raised To S$10.30 From S$9.70 By Deutsche Bank
OCBC Upgraded To Buy By Deutsche Bank

Neptune Orient Lines Target Cut To S$0.95 From S$1.25 - CS
Neptune Orient Lines Cut To Underperform From Outperform - CS


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 Post subject: Re: AMATOR's News & misc
PostPosted: November 22nd, 2012, 1:40 pm 
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DBS Group Target Raised 3% To S$15.16 By Macquarie
DBS Group Upgraded To Outperform From Neutral By Macquarie

CapitaMall Trust Target Cut To S$2.23 From S$2.43 By CIMB
CapitaMall Trust Downgraded To Underperform From Outperform By CIMB


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