Value Investing For Singapore!

Asian Activities Report for November 22, 2011: Courage Marine Group (HKG:1145) Acquires Second Supermax Vessel to Meet Rising Dry-Bulk Shipping Demand in Asia ITNews - Nov 22, 2011 Dry-bulk shipping company Courage Marine Group Limited (HKG:1145) has signed an agreement with Zhejiang Zengzhou Ship Building Co., Ltd for the purchase of a newly-built Supermax-sized vessel for ...

Courage Marine acquires US$26.6m supermax-sized vessel Business Times - Nov 21, 2011 By CARINE LEE Courage Marine Group Limited on Monday announced that its wholly-owned subsidiary, Zorina Navigation Corp, has signed a memorandum of understanding (MOU) for the purchase of a US$26 ...

Courage Marine Group Limited's Bravery Marine Announces Disposal Of Vessel MV Bravery Reuters Key Development - Nov 17, 2011

Courage Marine Group Limited's Subsidiary Announces Acquisition Of Vessel From Zhejiang Zengzhou Ship Building Co., Ltd. Reuters Key Development - Nov 14, 2011

Courage Marine sinks into the red in Q3 Business Times - Nov 10, 2011 By YEO AIQI Courage Marine Group Limited on Thursday announced that it has sunk into the red for third quarter ended Sep 30, 2011. It made a loss of US$3.42 million as compared to a profit of US ...

Courage Marine Group Limited Does Not Recommend Dividend Reuters Key Development - Nov 10, 2011

Courage Marine Group Limited's Indirect Wholly Owned Subsidiary Announces Acquisition Of Vessel Reuters Key Development - Oct 24, 2011

Courage Marine Group Limited's Subsidiary Announces Disposal Of Vessel – MV 'Heroic' Reuters Key Development - Aug 16, 2011

Courage Marine Group Limited Does Not Recommend Interim Dividend Reuters Key Development - Aug 12, 2011

Courage Marine Group Limited's Subsidiary Announces Incorporation Of Courage Energy Resources Limited Reuters Key Development - Jul 26, 2011

DPP legislators fail to select new caucus whipTaipei TimesMore than 30 DPP legislators attended the meeting, but they could not decide between a pair of front-runners for caucus whip — incumbent caucus whip Ker Chien-ming (柯建銘) and legislator-elect Hsu Tain-tsair (許添財). The caucus decided to give Ker ...and more »

Diamond Bar Mayor Heading to Washington, D.C. For U.S. Conference of MayorsPatch.comBy City News Service Mayor Ling-Ling Chang is shown with Chih-Chien Hsu, Deputy Mayor of New Taipei City, Commissioner Chen from the Civil Affairs Department, and District Executive Chang from the Sanxia District. Courtesy of Ling-Ling Chang Diamond ...and more »

Focus Taiwan News ChannelTalk of the Day -- Elections are over; now what?Focus Taiwan News ChannelIn the near term, the DPP may designate legislative caucus leader Ker Chien-ming as acting chairman, if Tsai refuses to remain in her post on Monday, when the party is to hold a central standing committee meeting on the issue.and more »

Murder coverage draws complaintsTaipei TimesChien Hsu-cheng (簡旭徵), deputy director of the commission's communication content department, said the media's performance had fallen short of the public's expectations. “We will ask the TV networks to review their self-regulatory mechanisms, ...and more »

資訊-匯豐青少年公開賽首輪成績及第二輪分組臺灣新浪網Hsiang Yu-Chuan Team Chinese Taipei 85徐國振 Xu Guozhen China 82 4 8:00 1 ?主典 Hsieh Chu-Tien Chinese Taipei 79何益豪 He Yihao China 79/ Leon Philip D\'SOUZA Team Hongkong 77黃永濤 WONG Humphery Hongkong 765 8:10 1 曾德林 Zen Delin China 75曹 森 Cao ...and more »

SHARES OF CATALIST-traded Mencast Holdings have seen heavy trading volume after it announced on May 18 it had acquired engineering systems installer Top Great Engineering & Marine. Mencast -- which makes, supplies and repairs propellers ... “We think that with Top Great being integrated into Mencast, the group would eventually make its foray into overseas markets, which would mean higher margins due to the higher premium the group charges for projects outside Singapore.” ...

Some of the tourism expenditure is also diverted to the casinos and more consumers are shopping online, particularly among the younger group. The appreciating SGD will also affect tourist spending and motivate more Singaporeans to shop ...

The few growth options in Singapore are Genting Singapore, Noble, Olam, DBS and possibly second-tier offshore & marine plays. As recognition of Singapore Inc.'s limited growth opportunities but strong balance sheets, the defining change in 1Q was dividend surprises at ..... Otherwise, a new theme to emerge is capital management by Singapore Inc. Key companies that have dished out dividend bonanzas are SingTel and the SIA group of companies (SIA, SIA Engineering, SATS). ...

“The group expects freight rates to remain under pressure in the short term, but see a stronger market in the second half of the year while increased bunker and time charter costs are expected to continue to impact margins negatively,” it said. A Reuters poll recently showed that the ... The median of the poll of shipbrokers, shipowners and analysts showed the Baltic Dry Index (BDI) would average 1500 points from July through December, up 15% from Friday's close of 1306. ...

However, unfavorable RMB/S$ exchange rate limited the revenue growth (in S$) and hence, this division's contribution to total revenue remained flat, at 12%. The shipping division's share of group revenue dipped 6% points YoY to 5% owing ...

Nearly half of those counters are property-related, with the largest being CapitaLand, the Hong Leong Group's GuocoLand and China-focused Yanlord Land Group. Another four are in the offshore and energy segment. To be sure, there is a good reason for .... As a result, contracts are being awarded and the stock prices of companies in the offshore and marine sector have been reflecting this recovery. Yet, several players have yet to regain their old highs on specific issues. ...

On the group's financial performance this year, Tan indicated that it should be better than the last year when it made a net profit of RM174.6 million. The bulk of its income is recurring income from its investments in Mid Valley, ...

Ein Experte aus dem Bundesfinanzministerium wird neuer BDI-Hauptgeschäftsführer: Die Vizepräsidenten des Verbandes sprachen sich einstimmig für den Chefvolkswirt Kerber aus. Der 47-Jährige soll am 6. Juni offiziell berufen werden. ...

The election was, however, a watershed for the opposition, with one opposition party (Workers' Party) winning a Group Representative Constituency (GRC) for the first time on the back of a groundswell of dissatisfaction and disenchantment. ... Our current top picks are Cache Logistics, CWT, DBS, F&N, Golden Agri, Genting Singapore, Keppel Corp, SembCorp Marine, STX OSV and OUE Source/转贴/Extract/: CIMB Research Publish date:09/05/11. Posted by KFC1973 at 8:53 PM ...

Dry bulk shipowner Courage Marine Group has warned of a loss for its first quarter ended 31 March 2011 due to the continuing weak dry bulk market. The Singapore-listed firm made. the forecast ahead of its results announcement due in the middle of this month. “The group expects that the financial ... Dry bulk charter rates during the period remained “generally low, with the BDI averaging around the 1500 level during such period”, Courage said. Source: Seatrade-Asia ...

Courage Marine's management issued a profit warning, expecting 1Q 2011 to turn in a loss: "The Board of Directors of the Company wishes to inform Shareholders that, despite efforts by the Group to secure deployment of its fleet, ... I still retain a small investment in the company despite dismal BDI numbers as I want to see if dual listing would help reflect the value of the stock more accurately. Well, we win some and we lose some. Here is the latest BDI chart: ...

Courage Marine's management issued a profit warning, expecting 1Q 2011 to turn in a loss: “The Board of Directors of the Company wishes to inform Shareholders that, despite efforts by the Group to secure deployment of its fleet, ... In addition, freight rates during the period remained generally low, with the BDI averaging around the 1500 level during such period.” Read announcement here. I took the opportunity to divest most of my investment in the company at 22c/share ...

In addition, both KepCorp and Sembcorp Marine have some derivatives products to minimise their remaining exposure. The impact is however more apparent for companies which have exposures to a wide range of currencies and derive significant .... The group also does not have a formal hedging policy with respect to its currency exposure. Neptune Orient Lines [Under Review] Neptune Orient Lines Ltd (NOL) presents its financials in US dollars as its revenue stream is primarily ...

Going forward, we see limited downside in earnings as: (i) The Group should be able to move rents up progressively, limiting the risk of negative rental reversion. Passing monthly rents at KeyPoint are about S$5.60psf vs their current ...

The group chief executive of marine services specialist MTQ joined the company in July last year, from his previous positions as CEO of port operator PSA International's Singapore Terminals and its group CFO. ...

Other companies with valuations low enough to attract buyout offers include Hu An Cable Holdings, Eratat Life-style, Ziwo Holdings, CMZ Holdings, ChinaSunvic Chemicals, Courage Marine Group and Valutronics Holdings. ...

Pareto Securities however noted that gains could be limited, due to insufficient fresh inquiry to match vessel supply…. Meanwhile, we note that beneficiaries of a rising BDI include Mercator Lines, Courage Marine and STX P.O and Cosco, ...

Offshore & Marine/Oil & Gas – minimal impact. We see minimal impact from the earthquake in Japan on the offshore marine and oil & gas sectors: (1) None of the rig builders and oil and gas service providers have any notable operations in ... The plant is located far away (>1000km) from the epicenter and contribution from the unit is insignificant compared to the overall group earnings. (2) End customers of the oil and gas companies are mainly located in South East Asia, ...

Catalysts: BDI turnaround, Hong Kong dual-listing. Courage Marine cited a report from Deutsche Bank on Feb 9, 2011, saying the BDI may turnaround and return to normal in 1 to 2 months' time. The Group currently has a diversified fleet comprising four handysize vessels, .... Narrow lanes, like Panama canals and Suez among four majors for example, present natural limitations in bulk tonnage capacity, since only limited number of ships can pass through the lanes each day. ...

Excluding the banks, the companies with the second-, third- and fourth-highest balances in net cash are Sembcorp Marine, Sembcorp Industries and Keppel Corp. All three have seen their earnings soar, owing to the recovery of the ... DBS Group Holdings' stock currently has a yield of about 2.8%. The earnings that all three banks reported last year reflect a strong 30% recovery, says DBS Vickers. And although the brokerage expects 2011 earnings to grow at a reduced 11%, ...

The group looks on track in its strategic initiatives. Meanwhile, we do not think that YZJ is done with its acquisition spree, especially with it still sitting on RMB4.7b cash and cash equivalents (excl. restricted cash) as at 30 Sep 2010. Maintain BUY with S$2.36 fair value estimate ... We are positive on this latest development as YZJ is likely to have an edge over competitors should this JV be successful in providing high quality marine electrical systems to customers. ...

CIMB: China Taisan Tech Group (CTSAN SP; S$0.185) – BUY. FY11 P/E: 4.5x, P/BV: n.a. • China Taisan has remained in a sideways trading band, likely forming a 13- month old triangle. At the moment prices are below its moving averages. ...

Spice i2i Limited , the prominent mobile internet company with interests in mobile handsets, mobile value added services, leading edge internet communication & computing services today announced its acquisition of the Affinity Group. ...

Spice i2i Limited („Spice i2i‟ or „The Group„, formerly known as MediaRing Limited) the prominent mobile internet company with interests in mobile handsets, mobile value added services, leading edge internet communication and computing ...

KUALA LUMPUR: The Baltic Dry Index (BDI), a barometer of global shipping prices for dry-bulk cargoes including coal, iron ore, and grain, fell 41% to close at 1773 points on its last trading day for the year on Christmas Eve compared with a high of 2995 in September. ... Among the notable regional dry-bulk shipping services providers are Malaysian-listed Malaysian Bulk Carriers Bhd, and Hong Kong-listed China Cosco Holdings Co Ltd and Pacific Basin Shipping Ltd. ...

Perhaps what I am asking is - how closely does the share price or intrinsic value of Mercator fluctuate with the BDI? As for other bulk carrier companies out there (e.g. Courage Marine), is this also the case? ...

We are told that this quick action by the leaders of the G-20 Group of Nations saved the planet but let's face it, do you expect them to say anything else? I doubt they are going to issue a statement saying they blew a fortune for nothing. So we are unlikely to ever ... The weakness of the BDI suggests to me that the impact of the G-20 economic stimulus measures are starting to wear off and that this should be raising a red flag in the minds of policy makers in Australia. ...

The BDI dropped from 4200 in May to 2000 in 3Q2010 and is currently around 2500. We continue to see BDI experiencing high levels of volatility within its trading range. This is primarily driven by the perishable nature of commodities. ... However, the Group will maintain its cost-effective structure and focus on keeping its fleet welldeployed and running efficiently.” Mr. Hsu Chih Chien, Chairman Courage Marine Group Limited The Group remains cautious on the outlook for ...

Amidst the difficult operating environment, Courage Marine has displayed strength and resilience this financial year. Through a cost-effective structure and a firm focus on maintaining a well-deployed, efficient fleet, the Group has ... The lower fleet utilisation was largely due to the volatility of the Baltic Dry Index ("BDI"). After falling under 900 points at the beginning of the year, it had fluctuated before hitting a year-high of 4635 points in November 2009. ...

Courage Marine Group Limited is a Bermuda registered shipping company engaged in the ownership and operation of bulk carriers, with an optimized combination of Capesize, Panamax and Handysize vessels (the “Fleet”). ...

Although not fungible, traders should expect a positive reaction above the near-term high of 24cts. The TDR has limit up again today in Taiwan, equivalent to S$0.295. Posted by KFC1973 at 11:04 AM. Labels: China Taisan ...

Additional to his First Class Marine Engineer qualification, he possesses certifications in freight forwarding, agency and ship brokering and is certified as an anti-terrorism specialist. Fluent in English, French and Arabic, Mr. Nassif ...

the efforts of dry bulk shipper courage marine group limited (courage, or the group) to maintain an efficient cost structure helped to buffer its earnings from the sharp 70% year-on-year (yoy) drop in the baltic dry index (bdi) in the ...

In addition to being the parent company in the Group, Odense Steel Shipyard Ltd. operates the Odense-Lindø shipyard, the largest single unit in the Group´s operation. This yard is known for designing and building vessels that expand the ...

Courage Marine Group Limited (Courage, or the Group), an efficient dry bulk shipper focused on infrastructure and energy-related commodities, reported a net attributable profit (PATMI) of US$40.1 million for the full year ended 31 December 2008 (FY08). This was despite a difficult ... This badly affected demand for dry bulk, and the Baltic Dry Index (BDI) dropped sharply from a record high of 11793 in May 2008 to an all-time low of 663 in early December. The BDI has since ...