2012 in review. Thanks for all your support in 2012!

The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog.

Here’s an excerpt:

4,329 films were submitted to the 2012 Cannes Film Festival. This blog had 14,000 views in 2012. If each view were a film, this blog would power 3 Film Festivals

Click here to see the complete report.


Auspicious Colours and not so auspicious ones…

bad coloursgood colours

Phillippine Economy grew @ 6.8% in 4Q from year earlier

HIGHER than forecast of 6.3%

Broker’s take on GENTING SP

Las Vegas Sands read thru for Singapore.. SOLID VIP +40% QoQ, Mass mkt flat, was expected to decline. Given Macau crackdowns this may indicate a small but meaningful shift. +VE GENS.SP, don’t be short! 300m shares out there still short.

This may still just be short covering but 1.50 key level for the stock – we think earnings will start to rebound from this quater onwards with the Integrated resort now fully opperational and VIP hotels up and running.

Local news by broker – 31 Jan 13

MONTH END, caution for exaggerated vols on the open on futures exp. FSSTI +3%ytd so can expect punters locking in profits WIL HKL SIE SGX CMA the best performers. CIT UOB GGR GLP worst.

* PALM: Strong upward SOY move supportive to the PALM gains we saw yesterday locally, there are some concerns of cuts ahead of an expected Argentina heatwave. Industry watchers expecting PALM 2600 in near future.

* MACQvisit Wortho visited Ezion for an update on the business, a niche mkt has developed for lifeboats and is moving to capitalise. Expect that to be 60% of its earnings in 2013. Earnings expected to double – looks cheap @ 10x

* CDREIT FY distribution S$121.7m +3% rather inline – guidance was cautious on hotel outlook given record supply, gearing remains low @ 28%. Revpar flat$205

* UEM offers to buy WBL for S$1.1bn or $4 per share topping Straits Tradings existing $3.41 bid.

* FNN Thai billionaire Charoen wins control in bid for F&N, expected to inject assets into Thai listings to secure funding. Watch for any updates re THBEV

* OFFSHORE Saipem caused a stir in yday with profit warning post placement – stock down 34% expect some profit taking in sector locally today regional names -5%

* EARNINGS AAREIT anytime now, OSIM after mkt.

Market Morning Wrap by Decoder – 31 Jan 13

• 3668 HK – Chinalco Mining IPO @ HK$1.75, latest grey is @ HK$1.63 or -6.9%.
• Facebook -3.7% in afterhours trading due to commentary from management that they will focus on increasing headcounts for future plans and not on growing profits this year.
• S&P report says that Spain’s access to the capital market has improved.
• Olam’s newly issued bonds/warrents will debut today.
• Overnight markets was sold off in the afternoon session as wte 4Q GDP numbers spooked the markets. This decrease is due to the weakness in defense spending as well as trade figures. The Fed on the other hand offered a mixed view on the economy and pledge to its bond buying program intact. ADP employment was bte, came in at 192K Vs 165K est. Corporate earnings continued to surprise on the upside with Amazon/Boeing/Qualcomm/LV Sands all beating estimates which lend support for yesterday’s trading. Nearing month end, we are watching out for possible window dressing in action but Kospi/Nikkei both showed weakness instead after the opening bell. Markets are looking out for reasons to take a breather after the recent run and a wte GDP might just be the right one. Expect regional markets to take some profit off the table while they continue to trade within the uptrend channel.

Temasek’s Mapletree Plans New REITS – Mapletree Greater China Commercial Trust

Temasek’s Mapletree Plans New Reit to Raise $1.5b-1.6bn

Mapletree Greater China Commercial Trust, which will hold assets including Festival Walk in Hong Kong and Gateway Plaza in Beijing, plans to start trading in Singapore on Mar 7 2013, IFR reported yesterday.

• MGCCT will be the largest trust listed in Singapore: IFR
• Citi, DBS, Goldman Sachs and HSBC are arranging the IPO: IFR
• MGCCT will be 35% owned by Mapletree Investments, a unit of Temasek Holdings, after listing: IFR