<?xml version="1.0" encoding="utf-8"?>
<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/">
<channel>
<title>Ping.sg  - Latest Pings From ramonam</title>
<link>http://ping.sg/user/ramonam</link>
<description>Ping.sg - The Community Meta Blog for Singapore Bloggers</description>
<copyright>Copyright 2012 ping.sg</copyright>
<docs>http://blogs.law.harvard.edu/tech/rss</docs>

<item>
	<title><![CDATA[Singapore Airlines Flying on Fumes]]></title>
	<link>http://ping.sg/item/Singapore-Airlines-Flying-on-Fumes</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[FY12 net profit of S$336m (-69% y-o-y) below expectation, due to unexpected loss in 4Q12 Premium travel still shaky; High fuel prices will pressure margins but balance sheet firm with cash and investments of nearly S$4 per share Maintain HOLD, TP S$10. Prefer SIA Engineering 4Q loss of S$38m a surprise. FY12 results were below ...]]></description>
	<pubDate>Thu, 10 May 2012 22:02:18 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Singapore-Airlines-Flying-on-Fumes</guid>
</item>
<item>
	<title><![CDATA[SingTel Weak Bharti earnings although operating trends are healthy]]></title>
	<link>http://ping.sg/item/SingTel-Weak-Bharti-earnings-although-operating-trends-are-h</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Bharti improved EBITDA but earnings were 20% below consensus due to forex losses and tax provisions. Strong results at Telkomsel and AIS likely to offset weakness at SingTel in 4Q12F. Separately, Optus proposed an 8% reduction in its workforce in order to counter slow revenue growth. Bharti and Telkomsel are expected to drive growth in ...]]></description>
	<pubDate>Thu, 03 May 2012 20:45:54 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/SingTel-Weak-Bharti-earnings-although-operating-trends-are-h</guid>
</item>
<item>
	<title><![CDATA[Sakari Resources Look beyond the low quarter]]></title>
	<link>http://ping.sg/item/Sakari-Resources-Look-beyond-the-low-quarter</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[1Q12 earnings below our estimates as Jembayan mine production plan skewed towards 2H12 We expect sequential earnings recovery, aided by potential coal price rebound in 2H12 Maintain BUY with lower TP of S$2.40 on attractive valuations and healthy dividend yield Reluctant Readers Slow start to the year. 1Q12 results for Sakari came in below our ...]]></description>
	<pubDate>Thu, 03 May 2012 20:35:37 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Sakari-Resources-Look-beyond-the-low-quarter</guid>
</item>
<item>
	<title><![CDATA[SMRT]]></title>
	<link>http://ping.sg/item/erzikbjw</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[SMRT ($1.68, down half) Final dividend has, not surprisingly, been cut by 1.05 cents to 5.7 cents from 6.75 cents which had prevailed for several years. (Interim was 1.75 cents.) While the 59% plunge in earnings (to $13.9 mln) was largely on the back of the $21.67 mln goodwill impairment (relating to the acquisition of ...]]></description>
	<pubDate>Wed, 02 May 2012 21:18:59 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/erzikbjw</guid>
</item>
<item>
	<title><![CDATA[HONG FOK and Penny Stocks]]></title>
	<link>http://ping.sg/item/HONG-FOK-and-Penny-Stocks</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[The HONG FOK property company has resisted SGX&#8217;s request to post the minutes of its controversial Apr 26th AGM on the exchange&#8217;s website. At the AGM, minority shareholders present had raised concerns over directors remuneration, absence of remuneration committee (hence the informal determination of remuneration) etc. Note there are 4 executive directors out of a ...]]></description>
	<pubDate>Mon, 30 Apr 2012 12:00:47 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/HONG-FOK-and-Penny-Stocks</guid>
</item>
<item>
	<title><![CDATA[SMRT not kept pace with the rising operating costs]]></title>
	<link>http://ping.sg/item/SMRT-not-kept-pace-with-the-rising-operating-costs</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[In its editorial piece in the latest issue, the Edge noted that the revenue SMRT takes in have not kept pace with the rising operating costs: bus and train fares controlled by the Public Transport Council have risen just 2.7% in total since 2005; that given the continued discontent any requests for another fare increase ...]]></description>
	<pubDate>Mon, 30 Apr 2012 11:54:52 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/SMRT-not-kept-pace-with-the-rising-operating-costs</guid>
</item>
<item>
	<title><![CDATA[Broadway Industrial is Improving but more vigour needed]]></title>
	<link>http://ping.sg/item/Broadway-Industrial-is-Improving-but-more-vigour-needed</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[1Q12 boosted by MTM, core profits slightly under Recovery underway but more strength needed to drive earnings upgrade; Q1 core is]]></description>
	<pubDate>Mon, 30 Apr 2012 11:49:39 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Broadway-Industrial-is-Improving-but-more-vigour-needed</guid>
</item>
<item>
	<title><![CDATA[China Merchant Holdings Big jump in profit]]></title>
	<link>http://ping.sg/item/China-Merchant-Holdings-Big-jump-in-profit</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[1Q12 net profit of HK$112m in line with expectations Firm results driven by contribution from Yongtaiwen Expressway and organic growth on existing roads On track for a record year in 2012 Maintain BUY, TP S$1.12. Stock is trading cum dividend of 3Scts and offers a further 7.7% yield China&#8217;s Sovereign Wealth Fund: Developments and Policy ...]]></description>
	<pubDate>Mon, 30 Apr 2012 11:42:27 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/China-Merchant-Holdings-Big-jump-in-profit</guid>
</item>
<item>
	<title><![CDATA[Starhill Global REIT Wish upon a star]]></title>
	<link>http://ping.sg/item/Starhill-Global-REIT-Wish-upon-a-star</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[1Q12 DPU of 1.07 Scts in line Rejuvenation of Wisma Atria on track for completion; expected to be well received Income relatively secured; subsequent quarters to see earnings improvement. …]]></description>
	<pubDate>Fri, 27 Apr 2012 22:50:41 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Starhill-Global-REIT-Wish-upon-a-star</guid>
</item>
<item>
	<title><![CDATA[Technology: Watch for the turnarounds]]></title>
	<link>http://ping.sg/item/Technology-Watch-for-the-turnarounds</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Q1 more muted than initially thought as macro uncertainties loom and margin is weak But FY12 growth remains intact given continuous recovery in sales and margin going into Q2 Tech stocks could be lackluster near term but keep watch on Hi-P and Amtek for potential turnaround Q1 core profits to decline 16% q-o-q. Following our ...]]></description>
	<pubDate>Thu, 26 Apr 2012 20:51:42 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Technology-Watch-for-the-turnarounds</guid>
</item>
<item>
	<title><![CDATA[Singapore Banks: Earnings could surprise]]></title>
	<link>http://ping.sg/item/Singapore-Banks-Earnings-could-surprise</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Provisions and NIM could surprise in 1Q12; loan growth likely to be fairly strong at 3-4% q-o-q Safe bet but flattish ROE outlook to keep valuations range-bound Still prefer OCBC to UOB Jackass Investing: Don&#8217;t do it. Profit from it. 1Q12 earnings could surprise from provisions and NIM. Looking at consensus estimates, we believe market ...]]></description>
	<pubDate>Thu, 26 Apr 2012 20:46:27 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Singapore-Banks-Earnings-could-surprise</guid>
</item>
<item>
	<title><![CDATA[Tat Hong: Positives in the price]]></title>
	<link>http://ping.sg/item/Tat-Hong-Positives-in-the-price</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Earnings visibility has improved supported by robust regional construction demand FY13F earnings raised 11%; expect earnings CAGR of 19% in FY12-14 Earnings recovery is reflected in the price; Maintain HOLD; TP raised to S$1.08 Asia is driving demand. As one of the largest crane companies in the world &#8211; #1 for crawler cranes by fleet ...]]></description>
	<pubDate>Thu, 26 Apr 2012 20:40:06 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Tat-Hong-Positives-in-the-price</guid>
</item>
<item>
	<title><![CDATA[Sabana Shari’ah Compliant REIT Highest yield on the street]]></title>
	<link>http://ping.sg/item/Sabana-Shari-ah-Compliant-REIT-Highest-yield-on-the-street</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Secured income; recent acquisitions to contribute positively in FY12 Healthy gearing at 34% with S$87m potential headroom for inorganic growth Fair value of S$1.06 offers a total return of …]]></description>
	<pubDate>Wed, 25 Apr 2012 20:41:27 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Sabana-Shari-ah-Compliant-REIT-Highest-yield-on-the-street</guid>
</item>
<item>
	<title><![CDATA[ASL Marine Holdings: Yard visit inspires confidence]]></title>
	<link>http://ping.sg/item/ASL-Marine-Holdings-Yard-visit-inspires-confidence</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Strong shipbuilding and ship-repair activities ensures healthy utilisation levels at Batam yard Cost concerns limited; execution should be on track for earnings rebound in FY13 Maintain BUY; our TP of S$0.83 still implies healthy 30% upside from current levels Blue White Weather Vane Nautical Maritime Marine Batam yard key pillar for ASL Marine. We recently ...]]></description>
	<pubDate>Tue, 24 Apr 2012 20:13:40 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/ASL-Marine-Holdings-Yard-visit-inspires-confidence</guid>
</item>
<item>
	<title><![CDATA[PUBLIC TRANSPORT Singapore]]></title>
	<link>http://ping.sg/item/PUBLIC-TRANSPORT-Singapore</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[SBS Transit ($1.71, unch) will raise the basic salary of Singaporean bus drivers by about $225 or 16% to $1600. Foreign drivers will receive $75-150 more. SBS, which is 75% owned by Comfort-Delgro, employs 5300 drivers, and in 2011, salaries, the biggest cost component, represented 43% of total operating expenses. (SBS cut dividend to 5.9 ...]]></description>
	<pubDate>Mon, 23 Apr 2012 21:05:32 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/PUBLIC-TRANSPORT-Singapore</guid>
</item>
<item>
	<title><![CDATA[China Fishery Group: Time to re-cast your net]]></title>
	<link>http://ping.sg/item/China-Fishery-Group-Time-to-re-cast-your-net</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Earnings revisions bottomed out after a disappointing FY11 Fishmeal and North Pacific operations to support growth; South Pacific still a wild card Valuations attractive, near -1 std dev o …]]></description>
	<pubDate>Mon, 23 Apr 2012 21:00:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/China-Fishery-Group-Time-to-re-cast-your-net</guid>
</item>
<item>
	<title><![CDATA[Keppel Corp Reflections yield lumpy earnings]]></title>
	<link>http://ping.sg/item/Keppel-Corp-Reflections-yield-lumpy-earnings</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[1Q net earnings beat our above-consensus forecasts Boosted by lumpy Reflections earnings and investment gains, O&M in line Raised FY12 EPS by 6.5%, maintain BUY, TP unchanged at $13.20. 1Q net profit rose 141% to S$751m, 47% of full year forecast. Property was the largest contributor accounting for 56% of PBT, boosted by lumpy earnings ...]]></description>
	<pubDate>Fri, 20 Apr 2012 20:34:51 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Keppel-Corp-Reflections-yield-lumpy-earnings</guid>
</item>
<item>
	<title><![CDATA[SC GLOBAL]]></title>
	<link>http://ping.sg/item/SC-GLOBAL-5</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[The SC GLOBAL developer of exclusive luxury residences is all ready to launch the 35-unit Sculptura Ardmore. While pricing (and launch date and we may add, name of architect) will be announced later, it will no doubt &#8220;stun&#8221;. Sculptura Ardmore is after all in the exclusive neighborhood, and as Mr Cheong stressed &#8220;no expenses will ...]]></description>
	<pubDate>Wed, 18 Apr 2012 20:37:09 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/SC-GLOBAL-5</guid>
</item>
<item>
	<title><![CDATA[SMRT]]></title>
	<link>http://ping.sg/item/kaobtvxm</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[We are less concerned today about the fate of the 6.75 cents per share final dividend for ye Mar&#8217;12. While hearings before the Committee of Inquiry will last 6 weeks, yesterday&#8217;s opening session (essentially &#8220;finger pointing&#8221; by LTA, which owns the train infrastructure, and SMRT, the operator) suggests the final outcome may not be as ...]]></description>
	<pubDate>Tue, 17 Apr 2012 20:05:58 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/kaobtvxm</guid>
</item>
<item>
	<title><![CDATA[ASL Marine Holdings Back to the peak]]></title>
	<link>http://ping.sg/item/ASL-Marine-Holdings-Back-to-the-peak</link>
	<dc:creator>ramonam</dc:creator>
	<description><![CDATA[Secured new shipbuilding contracts worth S$132.5m Shipbuilding orderbook closing in on pre-crisis highs; underpins 41% earnings growth in FY13F Reactivation/upgradi ng works for oil rigs and FPSOs to open up new growth driver for shiprepair division Maintain BUY, TP raised to S$0.83 New order wins in FY12 exceed pre-crisis highs. ASL Marine (ASL) announced that it ...]]></description>
	<pubDate>Tue, 17 Apr 2012 19:50:29 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/ASL-Marine-Holdings-Back-to-the-peak</guid>
</item>

</channel>
</rss>
