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<title>Ping.sg  - Latest Pings From hothotstock</title>
<link>http://ping.sg/user/hothotstock</link>
<description>Ping.sg - The Community Meta Blog for Singapore Bloggers</description>
<copyright>Copyright 2012 ping.sg</copyright>
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	<title><![CDATA[Design Studio – Key beneficiary of the recent surge in reside …]]></title>
	<link>http://ping.sg/item/Design-Studio-Key-beneficiary-of-the-recent-surge-in-residen-2</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[DS has successfully transformed itself from a local furniture manufacturer to a global product specialist with in-house brands. It is poised for a quantum leap given the strong demand for hotel fit-outs, growing overseas traction and potential mega contract wins. Despite its robust growth momentum, valuation is a steal, at just 3.9x (ex-cash) FY10 PER, a sharp discount to its …]]></description>
	<pubDate>Tue, 29 Sep 2009 11:07:00 +0800</pubDate>
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<item>
	<title><![CDATA[Design Studio – Key beneficiary of the recent surge in reside …]]></title>
	<link>http://ping.sg/item/Design-Studio-Key-beneficiary-of-the-recent-surge-in-residen</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[DS has successfully transformed itself from a local furniture manufacturer to a global product specialist with in-house brands. It is poised for a quantum leap given the strong demand for hotel fit-outs, growing overseas traction and potential mega contract wins. Despite its robust growth momentum, valuation is a steal, at just 3.9x (ex-cash) FY10 PER, a sharp discount to its …]]></description>
	<pubDate>Tue, 29 Sep 2009 11:07:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Design-Studio-Key-beneficiary-of-the-recent-surge-in-residen</guid>
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<item>
	<title><![CDATA[Agriculture & Commodities: Riding the early cycle recovery]]></title>
	<link>http://ping.sg/item/Agriculture---Commodities-Riding-the-early-cycle-recovery-2</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Leading economic indicators. Global economic data have been pointing to concrete evidence of an economic recovery with PMIs rebounding, unemployment generally easing and consumer confidence recovering from their lows. Increased confidence of an economic recovery has enhanced investors' preference for cyclical stocks such as commodities. Indeed, increased economic activity and …]]></description>
	<pubDate>Tue, 29 Sep 2009 10:51:00 +0800</pubDate>
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<item>
	<title><![CDATA[Agriculture & Commodities: Riding the early cycle recovery]]></title>
	<link>http://ping.sg/item/Agriculture---Commodities-Riding-the-early-cycle-recovery</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Leading economic indicators. Global economic data have been pointing to concrete evidence of an economic recovery with PMIs rebounding, unemployment generally easing and consumer confidence recovering from their lows. Increased confidence of an economic recovery has enhanced investors' preference for cyclical stocks such as commodities. Indeed, increased economic activity and …]]></description>
	<pubDate>Tue, 29 Sep 2009 10:51:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Agriculture---Commodities-Riding-the-early-cycle-recovery</guid>
</item>
<item>
	<title><![CDATA[Still like the Telecom sector because of its resilient earnings]]></title>
	<link>http://ping.sg/item/Still-like-the-Telecom-sector-because-of-its-resilient-earni-2</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[We still like the sector because of its resilient earnings ? we see the potential of earnings disappointment for the market as a whole if the expected V-shaped recovery does not materialize.  With the market looking slightly toppish around 2600-2700, the risk of suffering a sharp pullback is less for the telcos given that they have generally lagged the market in terms of YTD …]]></description>
	<pubDate>Mon, 28 Sep 2009 11:04:00 +0800</pubDate>
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<item>
	<title><![CDATA[Still like the Telecom sector because of its resilient earnings]]></title>
	<link>http://ping.sg/item/Still-like-the-Telecom-sector-because-of-its-resilient-earni</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[We still like the sector because of its resilient earnings ? we see the potential of earnings disappointment for the market as a whole if the expected V-shaped recovery does not materialize.With the market looking slightly toppish around 2600-2700, the risk of suffering a sharp pullback is less for the telcos given that they have generally lagged the market in terms of YTD …]]></description>
	<pubDate>Mon, 28 Sep 2009 11:04:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Still-like-the-Telecom-sector-because-of-its-resilient-earni</guid>
</item>
<item>
	<title><![CDATA[Armstrong - Automotive Sales In China Powers Ahead]]></title>
	<link>http://ping.sg/item/Armstrong---Automotive-Sales-In-China-Powers-Ahead-2</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[China’s passenger car sales in Aug ’09 surged 90.18% yoy and 3.1% qoq to 858,300, underpinned by the government’s stimulus measures such as aggressive cuts in sales tax and rebates for buy …]]></description>
	<pubDate>Mon, 28 Sep 2009 11:02:00 +0800</pubDate>
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<item>
	<title><![CDATA[Armstrong - Automotive Sales In China Powers Ahead]]></title>
	<link>http://ping.sg/item/Armstrong---Automotive-Sales-In-China-Powers-Ahead</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[China’s passenger car sales in Aug ’09 surged 90.18% yoy and 3.1% qoq to 858,300, underpinned by the government’s stimulus measures such as aggressive cuts in sales tax and rebates for buy …]]></description>
	<pubDate>Mon, 28 Sep 2009 11:02:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Armstrong---Automotive-Sales-In-China-Powers-Ahead</guid>
</item>
<item>
	<title><![CDATA[Petrobras likely to launch first phase of rig tendering]]></title>
	<link>http://ping.sg/item/Petrobras-likely-to-launch-first-phase-of-rig-tendering-2</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Petrobras likely to kick start the first phase of rig tendering later this month: Petrobras directors have approved on Friday the first phase of Brazilian rig building program calling for …]]></description>
	<pubDate>Mon, 28 Sep 2009 10:46:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Petrobras-likely-to-launch-first-phase-of-rig-tendering-2</guid>
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<item>
	<title><![CDATA[Petrobras likely to launch first phase of rig tendering]]></title>
	<link>http://ping.sg/item/Petrobras-likely-to-launch-first-phase-of-rig-tendering</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Petrobras likely to kick start the first phase of rig tendering later this month: Petrobras directors have approved on Friday the first phase of Brazilian rig building program calling for …]]></description>
	<pubDate>Mon, 28 Sep 2009 10:46:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Petrobras-likely-to-launch-first-phase-of-rig-tendering</guid>
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<item>
	<title><![CDATA[Singapore Conglomerates]]></title>
	<link>http://ping.sg/item/Singapore-Conglomerates-2</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[O&M sector remains underweight — We recently met with investors in Europe and sense clients are much more cautious on the sector as compared to Asian based investors. Most remain under …]]></description>
	<pubDate>Fri, 25 Sep 2009 11:16:00 +0800</pubDate>
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	<title><![CDATA[Singapore property: Worst is over… but stay cautious]]></title>
	<link>http://ping.sg/item/Singapore-property-Worst-is-over-but-stay-cautious</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Some positive surprises from 2Q CY09 results. Not withstanding one-off fair value losses, three of the property developers under our coverage - CapitaLand, Keppel Land and UOL Group, reported 2Q CY09 results that were within our expectations while two, City Developments and Soilbuild Group, came in above our expectations. Key sources of the upside surprise came from the …]]></description>
	<pubDate>Fri, 25 Sep 2009 11:04:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Singapore-property-Worst-is-over-but-stay-cautious</guid>
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<item>
	<title><![CDATA[Saizen REIT – Dividend distribution resume as early as mid-2010]]></title>
	<link>http://ping.sg/item/Saizen-REIT-Dividend-distribution-resume-as-early-as-mid-201</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Saizen REIT was listed in November 2007 and it invests in residential properties across 13 regional cities in Japan. The properties are leased out typically to the working singles and smal …]]></description>
	<pubDate>Fri, 25 Sep 2009 11:04:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Saizen-REIT-Dividend-distribution-resume-as-early-as-mid-201</guid>
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<item>
	<title><![CDATA[Datapulse - Attractive Yield And Promising Prospects]]></title>
	<link>http://ping.sg/item/Datapulse---Attractive-Yield-And-Promising-Prospects</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Final dividend was reduced from 2 cents last year to 1.5 cents this year, below our expectations by 0.5 cents, due to 4Q ended June ’09 bottom-line coming in marginally below our expectati …]]></description>
	<pubDate>Thu, 24 Sep 2009 11:12:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Datapulse---Attractive-Yield-And-Promising-Prospects</guid>
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<item>
	<title><![CDATA[Ying Li International Real Estate Ltd: A leading commercial developer in Chongqing]]></title>
	<link>http://ping.sg/item/Ying-Li-International-Real-Estate-Ltd-A-leading-commercial-d</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[An established property developer in Chongqing. We recently paid a visit to Ying Li International Real Estate in Chongqing, PRC and visited several of its investment properties and ongoing development projects. Ying Li is a Chongqing-based property developer that primary engages in commercial property development. The company is also one of the major landlords in the …]]></description>
	<pubDate>Thu, 24 Sep 2009 11:04:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Ying-Li-International-Real-Estate-Ltd-A-leading-commercial-d</guid>
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<item>
	<title><![CDATA[Singapore Offshore - Orders flows from Petrobras may take longer]]></title>
	<link>http://ping.sg/item/Singapore-Offshore---Orders-flows-from-Petrobras-may-take-lo</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Industry data indicates that day-rates and utilization rates for rigs have been declining. Besides dampening demand, this also raises the risk of more customers defaulting on their rig ord …]]></description>
	<pubDate>Thu, 24 Sep 2009 10:56:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Singapore-Offshore---Orders-flows-from-Petrobras-may-take-lo</guid>
</item>
<item>
	<title><![CDATA[Shipping - Long, arduous road to recovery]]></title>
	<link>http://ping.sg/item/Shipping---Long-arduous-road-to-recovery</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Fuelled by globalisation. Growth of the shipping industry has been fuelled by globalisation and international trade. The global trade boom over the past 15 years has led to a 55.6% growth in wet cargo throughput, and a 105.2% surge in dry cargo volumes. Shipping has been, and still is, one of the most cost efficient modes of long haul transport. Demand for shippingrelated …]]></description>
	<pubDate>Wed, 23 Sep 2009 11:25:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Shipping---Long-arduous-road-to-recovery</guid>
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<item>
	<title><![CDATA[Hi-P - Little upside for now]]></title>
	<link>http://ping.sg/item/Hi-P---Little-upside-for-now</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Sees a slower 2H09. This is because RIM’s existing programmes are  winding down faster than new models can ramp up in Q3. Prices and  margins of matured products are also diminishing towar …]]></description>
	<pubDate>Wed, 23 Sep 2009 11:21:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Hi-P---Little-upside-for-now</guid>
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<item>
	<title><![CDATA[Oceanus  - Multi-million Dollar Restaurant Empire in the making]]></title>
	<link>http://ping.sg/item/Oceanus---Multi-million-Dollar-Restaurant-Empire-in-the-maki</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Much  has been discussed about abalone farming since our  initiation report on Oceanus whereas restaurant and  food  processing  segments  were  just  briefly mentioned  as  both  were  still  in  the very early development  stage.  About  one  year since the RTO, Oceanus  has made enormous progress and many changes have  taken  place.  We  have  witnessed  impressive …]]></description>
	<pubDate>Wed, 23 Sep 2009 11:20:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Oceanus---Multi-million-Dollar-Restaurant-Empire-in-the-maki</guid>
</item>
<item>
	<title><![CDATA[Ezra, ASL, Swiber]]></title>
	<link>http://ping.sg/item/Ezra-ASL-Swiber</link>
	<dc:creator>hothotstock</dc:creator>
	<description><![CDATA[Ezra and ASL as favourites. Ezra Holdings (Ezra) and ASL Marine Holdings (ASL) remain as our favourites for the sector. Ezra has relatively defensive earnings, and coupled with the low base earnings accretion effect from its fledgling Subsea business, valuations will inevitably be driven upwards if executed well. Its fleet management business will lower reliance on spot …]]></description>
	<pubDate>Tue, 22 Sep 2009 11:24:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Ezra-ASL-Swiber</guid>
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