ramonam 
user profile for ramonam
Most Popular Pings
2009 topline supported by resilient office and retail incomeStrong, diversified portfolioNear term refinancing concerns removedBuy with TP $0.97Year of stability.The main message that emerged from the meetings was that FY2009 would be a stable year. Topline would be supported by positive office rental reversions and stable retail rental receipts. This would more than offset …
Results in line, expect a stronger 2H09.No change in forecasts or assumptions.Maintain HOLD, Target Price raised to S$0.38.Oceanus’ 2Q09 results were in line with our expectations.For 1H0 …
Improvement felt across development and recurrent operationsLeveraging on improved sentiment, bring forward launchesMaintain Hold with TP of $2.24Results ahead of expectations.Keppel Land reported a 10% yoy rise in net profit to $58.2m on a 34% jump in revenue to $250m. The better performance was due to strong development profits as the group moved 24 units ...
3.62 Scts DPU, higher than expectationsPortfolio occupancy levels likely to remain stableMaintain BUY, TP S$1.73 based on DCF- total return of 18%, backed by a stable 8% dividend yield1Q10 results ahead of projections.Distributable income grew by 18% to S$61m, (DPU of 3.62 Scts) ahead of projections, largely due to a better than expected operational performance. ...
Speculation rife on next potential for dual listing or privatization/relisting post China XLXWidest valuations gap noted in water and consumer stocks.Likely candidates are Epure and China …
Last 5 Pings
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 ...
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 ... 
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 ... 
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 ... 
The HONG FOK property company has resisted SGX’s request to post the minutes of its controversial Apr 26th AGM on the exchange’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 ... 
…