Valuetronics - Phillip Securities Research Team Response To Recent Sell-Down
15 October 2014 | 4:15 am

Recently, a negative report by another research house was released yesterday, calling for a TP of $0.25, causing share price to tumble down to $0.32+. We believe this negative sentiment is very overblown and belongs to the worst case scenario category, we will address some of the key points below :
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Vard Holdings - Recovery story derailed
15 October 2014 | 4:00 am

■ Vard guides for negative EBITDA in 3Q14 results

■ Poor results due to slower ramp up at new Promar yard in Brazil, cost overruns spilling over to European yards as well

■ Cut core FY14/15F earnings by 54%/34% to factor in lower margins

Downgrade to FULLY VALUED, TP slashed to S$0.65
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Singapore Post Ltd - Catering for growth with new Regional eCommerce Logistics Hub
15 October 2014 | 3:52 am

■ Developing fully integrated eCommerce Logistics Hub in Singapore to cater to expanding ecommerce logistics business and rapid ecommerce market growth.

■ Project is estimated to cost S$182 million and is expected to complete by end Jan 2016; development will be funded internally from Group’s cash holdings.

■ We viewed the new hub development positively, indicating huge growth potential in SingPost’s ecommerce logistics business.

■ Maintain TP at S$2.07; revised rating to Accumulate as share price moved closer to our TP since our initiation on 12 Sep-14.
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Shipyards & Oil Services - Dialog's new Executive Chairman; Linc Energy spuds 1st well in Arckaringa Basin
15 October 2014 | 3:45 am

ASEAN Energy & Upstream
Linc Energy spuds first well in the Arckaringa Basin exploration program, near Cooper Pedy in South Australia. (Linc Energy Ltd., Oct 13)

■ Linc Energy confirms that it has received AU$90M from Adani and expects a second tranche payment of AU$65M within 12 months. (Bloomberg, Oct 13)
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Weekly Support & Resistance Watch
15 October 2014 | 3:37 am


We highlight the support and resistance levels of 20 stocks with the largest traded value in this weekly special and further highlight two stocks that could be trading near their potential resistance levels and another two stocks that could be trading near their potential support levels in the following pages. All prices are in Singapore dollars unless otherwise specified.

The scheduled dates of the quarterly results announcement based on some of the listed companies featured here are listed below
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