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 Post subject: Re: AMATOR's News & misc
PostPosted: November 22nd, 2012, 2:03 pm 
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Joined: March 23rd, 2009, 7:57 pm
Posts: 1325
Shares of Singapore’s rigbuilders are likely to stick to the “buy in January, sell in April” trend for a fourth year in a row, JPMorgan says, noting for the past three years, the stocks consistently outperformed the STI in the first 3-4 months of the year before consolidating as the market awaited potential catalysts from orders, earnings and Petrobras success.

“With the recent 12%-18% stock correction, we believe we are likely to see offshore outperform into early 2013,” the house says, citing offshore orders’ continued strong macro outlook. Margin concerns are likely to recede, it says, expecting strong 4Q12 margin and a steady 2013 performance. It expects 30-35 deepwater rigs will be ordered over the next 12 months, with 30%-35% being semi-subs, with additional orders likely from Brazil for drillships and FPSO.

But it remains “more conservative” on jack-up orders, seeing a potential market-share loss for Singapore players. JPMorgan’s key concern remains the Korean yards as they are getting more aggressive in products and pricing. It rates both Keppel and SembMarine at Overweight, with $13.30 and $5.40 targets respectively.

 Post subject: Re: AMATOR's News & misc
PostPosted: February 25th, 2013, 9:00 pm 
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Posts: 1325
Singapore Budget Highlights

The following are highlights of Singapore's budget for the 2013/14 fiscal year starting in April.

Public anger is running high in the affluent city-state about a surge in immigration that is blamed for overcrowding, rising prices and competition for jobs and housing.

Singapore, the Asian base for many Western companies and banks, has large current account surpluses and huge reserves, giving ample room to boost spending on social services and help local firms.

The budget was presented in parliament on Monday by Finance Minister Tharman Shanmugaratnam.

- Singapore expects an overall budget surplus of S$2.4 billion ($1.94 billion) for fiscal 2013/14, equivalent to 0.7 percent of gross domestic product
- For fiscal 2012/13, the overall budget surplus is expected to be S$3.9 billion
- The basic surplus for fiscal 2013/14 is projected at about S$300 million after factoring in various tax rebates and the new three-year Transition Support Package (see below). "At 0.1 percent of GDP, this is close to a balanced budget and reflects a neutral fiscal stance"

- Growth this year is expected to be 1-3 percent
- Singapore must "shift gears" as a mature economy
- "Quality growth" is necessary through innovation and productivity that benefits all Singaporeans
- Pressure from widening income disparities
- Tax and benefits system to be more progressive to help lower and middle-income households
- Singapore must catch up from a decade of slow productivity growth by upgrading skills and efficiency

- Personal income tax rebate to all taxpayers this year on 2012 income, more for those over 60 years old. Rebates will be capped at S$1,500 and will cost the government S$615 million
- "Property tax cannot be avoided by tax planning", the rich should pay more
- Property tax rates to rise on high-end residential real estate, with largest increases to be on investment properties that are not occupied by the owner. Current tax of 10 percent will be changed to rates of 12 to 20 percent.
- Tax rates to fall for majority of owner-occupied residential properties
- Revised property tax structure to be phased in from January 2014 and take full effect from January 2015
- Registration fees for mid-range and luxury cars to be raised
- Investment holding companies and property development firms incorporated after Feb. 25, 2013 to be excluded from the start-up tax exemption. The exemption "for encouraging entrepreneurship is really not intended for such entities"
- Housing and hotel accommodation provided to employees will be taxed based on the annual value and cost, taking effect from the 2015 tax assessment year. The current way of taxing "undervalues the actual benefits received by the employees"
- Tobacco taxes to be harmonised across cigarette and non-cigarette products
- One-year road tax rebate of 30 percent for goods vehicles, buses and taxis that will take effect from July 2013

- More selective cuts in number of foreign workers in sectors where productivity still lags
- Policy is aimed at reducing reliance on manpower, not merely replacing foreign workers with locals
- Framework to ensure companies give "fair consideration to Singaporeans in their hiring practices"
- Three-year Transition Support Package to help companies adjust, including productivity incentives, tax rebates and new Wage Credit Scheme to encourage sharing of productivity gains with workers via higher wages
- Under the scheme, the government will pay 40 percent of total wage increases for Singaporeans for three years, at a cost of about S$3.6 billion over the period
- The transition package includes a corporate tax rebate of 30 percent of tax payable up to S$30,000 per year
- Levies on businesses that employ lower-skilled foreign workers to rise significantly but no increase for skilled workers in most sectors
- All levies on foreign workers will rise in July 2014 and July 2015, varying by sector
- In the services sector, the foreign worker ratio will be cut to 40 percent from 45 percent
- In the marine sector, the foreign worker ratio will be cut by about one-third
- Government to encourage companies to develop skills of Singaporean workforce
- "We cannot cut off the flow of foreign workers abruptly but we have to slow the growth"
- Proportion of foreign workers (now at 33.6 percent) should not rise indefinitely but must reflect the needs of each sector
- Net inflow of 67,000 foreign workers in 2012 was "too high"
- Number of Employment Pass holders fell last year, partly due to tightening by Ministry of Manpower in lower-level jobs

- Economic Development Board to set aside S$500 million over five years to support a Future of Manufacturing plan
- "This has the potential to create a range of new jobs for Singaporeans in future"
- Support of $90 million for Singapore's emerging satellite industry through a Satellite Industry Development Fund
- Land productivity grants, costing a total of S$60 million, will support companies that move some operations offshore while keeping core functions in Singapore, thereby saving land for other uses
- Small and medium businesses will be linked up with public sector research institutions and private sector technology providers to identify productivity solutions, at a total cost of S$51 million

- "We want to see Singaporeans' out-of-pocket share of medical costs to fall and the government take on a larger share"
- Government wants to broaden insurance coverage by expanding risk-pooling
- More spending on health promotion and preventive care
- Medifund to be topped up by S$1 billion to take total size to S$4 billion. ElderCare Fund to rise S$250 million to S$3 billion
- Monthly cash assistance for lower-income households to be raised

- Many improvements needed in public transport
- Some public transport routes will be tendered to private operators

- "We need to redistribute to benefit our lower- and middle-income groups"
- Government to raise employer contributions to CPF retirement fund for older workers
- Expanded coverage of Workfare Income Supplement (WIS) programme to lower-wage workers earning up to S$1,900 a month. WIS payouts to rise significantly, by 25 to 50 percent in maximum payments
- Older Singaporeans must be kept in workforce
- More flexibility needed in work hours, telecommuting
- Government is reviewing healthcare scheme and other programmes for older Singaporeans

 Post subject: Re: AMATOR's News & misc
PostPosted: April 4th, 2013, 9:08 am 
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Joined: March 23rd, 2009, 7:57 pm
Posts: 1325
One of Taiwan's biggest pay TV operators is poised to go public within months, in a move that could raise more than 1 billion Singapore dollars (US$807 million), a person familiar with the matter said Thursday.

Funds managed by Australia's Macquarie Group (MQG.AU), which own Taiwan Broadband Communications, have hired four investment banks for the initial public offering of stock on the Singapore stock exchange. The cable network operator will be listed as Asian Pay Television Trust, aiming to debut on the market by the end of May.

J.P.Morgan (JPM), DBS Group Holdings Ltd. (D05.SG), CIMB Group Holdings Bhd (1023.KU) and Macquarie have been appointed as joint lead managers on the offering, the person said.

Established in 1999, Taiwan Broadband Communications owns an interest in five cable television networks in northern and central Taiwan broadcasting to more than one million homes. The group also sells services like broadband internet access.

Singapore-listed Macquarie International Infrastructure Fund (M41.SG), known as MIIF, said it plans to inject its 47.5% stake in Taiwan Broadband Communications into the Asian Pay Television Trust vehicle, raising a minimum S$469.5 million. Its statement confirmed an earlier report by The Wall Street Journal.

Macquarie Korea Opportunities Fund, which owns the remaining stake in the Taiwan television unit, will also sell its entire holding.

MIIF, which is being advised by CIMB Bank Bhd., said in December it is exploring options for its stake in Taiwan Broadband Communications, and assets including China's Hua Nan Expressway, Changshu Xinghua Port and Miaoli Wind.

If approved, the Taiwan Broadband Communications stake sale would see shareholders in MIIF receive at least S$0.408 per share. The asset represented 61% of MIIF's portfolio by value, according to Dec. 31 accounts.

MIIF bought an initial 20% stake in Taiwan Broadband Communications in July 2007 and has spent a total S$479.2 million to more than double its interest, according to its website. Macquarie Korea Opportunities Fund acquired a 60% stake in June 2008 from the formerly listed Macquarie Media Group for 392 million Australian dollars (US$410 million), and later sold part of its interest.

The proposed listing of Asian Pay Television Trust would follow Temasek-backed Mapletree Greater China Commercial Trust's US$1.3 billion market debut last month, which was the island state's largest IPO in two years.

 Post subject: Re: AMATOR's News & misc
PostPosted: October 22nd, 2013, 3:11 pm 
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Joined: March 23rd, 2009, 7:57 pm
Posts: 1325
Restricted Stocks for Online Trading

21 October 2013


Please note that only the following stocks are restricted from online trading:

•AdvSCT (5FH)
•Albedo Group (5IB)
•Amplefield (C60)
•Artivision (5NK)
•AsiaMed (505)
•Asian Micro Holdings Limited (585)
•Asiasons (5ET)
•Blumont (A33)
•Cedar (530)
•CEFC Intl (Y35)
•Chaswood Resources Holdings Ltd (5TW)
•China Great (D50)
•China Oilfield Technology Services Group Ltd (DT2)
•Digiland (G77)
•ElektromotiveGrp (5VU)
•ElektromotW150710 (5VWW)
•EMS Energy Ltd (5DE)
•HL Global (L18)
•Infinio (5CS)
•Innopac Holdings Ltd (I26)
•Ipco Intl Ltd (I11)
•IP Comdty.ETN.100US$ (J1QZ)
• ISR Capital Ltd shares (5EC)
•JK Tech (5TS)
•Koyo (5OC)
•Lereno (587)
•Lereno W150430 (5QSW)
•LifeBrandz (L20)
•Lindeteves-Jacoberg Ltd (L15)
•LionGold (A78)
•LionGold Warrants (R5UW)
•Metech Int^ (QG1)
•Mirach Ener (C68)
•NexGenSCom^ (B07)
•Rowsley Ltd (A50)
•Rowsley W161003 (T5MW)
•Singapore Kitchen Equipment (5WG)
•Singapore Medical Group (5OT)
•Sitra Holdings (International) Ltd (5LE)
•Stratech Systems Ltd (S73)
•SunMoon Food Company Ltd (F06)
•SurfaceMT^ (Q7Q)
•Transcu (E15)
•TT Int (T09)
•TungLok (540)
•United Fiber System Limited (P30)
•Vallianz (545)
•W Corp (OJ4)
•WE Holdings (5RJ)
•YHM Group Ltd (5QT)
•Zhongmin Baihui Retail Group Ltd (5SR)
•Zhongxin Fruit & Juice Ltd (5EG)
•Covered Warrants


Most of our members are at the live stock market chat box now. It's totally free to join the chatbox. Read : Stock Trading Chatbox

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