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SMRT
Dec 13, 2013 14:52:32 GMT 7
Post by candy188 on Dec 13, 2013 14:52:32 GMT 7
Hi me200, Appreciate the detailed explanation to clarify my query. Hi Candy, Refer to below EPS chart, I assume that SMRT Q4Fy2013 EPS is 0. Hence the 'forecast' EPS is <6.3 cent.However, SMRT Q4FY2013 is -0.7842 cents and thus FY2013 EPS is 5.5 cents. Base on 1Q and 2Q FY2014 EPS, I estimate (agak agak only) should be < 5.5 cents. Unless govt agrees to revise the ride fair upward, then we should see more earnings.p.s. Bus service is bleeding severely despite revenue increase.Hi me200, thank you for sharing the Fair value with reasonable margin of safety utilising FA. Would like to clarify, how did you derive the EPS figure of $0.063 since 2013 EPS is only $0.0548. Is $0.063 based on forecasted EPS for 2014? Quote me200,"If one wish tho invest when the PER is ~15X, the share price willl be $0.945 (15 * 0.063)."
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SMRT
Dec 13, 2013 14:59:28 GMT 7
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Post by zuolun on Dec 13, 2013 14:59:28 GMT 7
Fully agreed. No dispute on that. Like TA, we have to base on our best judgement as no one can predict what Mr. Market mood. This S$51.4m is a time-bomb "Waiting to Explode".
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Post by zuolun on Dec 13, 2013 15:56:17 GMT 7
SGX — Bearish symmetrical triangle breakout; interim TP S$6.75, next TP S$6.37SGX broke S$7.20, the longterm horizontal support with 3 dead crosses coupled with the confluence of the 20d, 50d, 100d and 200d MA, all plunging at the same time. Expect a bearish "waterfall decline" on SGX to TP S$6.37. Unlike SGX's "waterfall decline", SMRT's chart pattern is known as "Stair-Step Decline", these are bearish longterm downtrend chart patterns. SMRT Vs MEGB
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Post by me200 on Dec 13, 2013 16:16:24 GMT 7
Impairment is not a loss. Impairment is "adjustment to fair value". Yes, from P&L point of view, it impacts the bottomline. But, in Cash Flow point of view, it is a "cash in-flow" item just like Depreciation. In short, it reduce the net profit and hence the tax will be reduce as well. IMO, I think the management took this impairment exercise to "clean up" bad record so that the new CEO can report better result in year to come. Management trick? In fact, ZOTO is still a 'healthy' base on FY2013 annual report. P.s. I could be wrong...Fully agreed. No dispute on that. Like TA, we have to base on our best judgement as no one can predict what Mr. Market mood.
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SMRT
Dec 13, 2013 16:59:49 GMT 7
oldman likes this
Post by zuolun on Dec 13, 2013 16:59:49 GMT 7
Impairment is not a loss. Impairment is "adjustment to fair value". Yes, from P&L point of view, it impacts the bottomline. But, in Cash Flow point of view, it is a "cash in-flow" item just like Depreciation. In short, it reduce the net profit and hence the tax will be reduce as well. IMO, I think the management took this impairment exercise to "clean up" bad record so that the new CEO can report better result in year to come. Management trick? In fact, ZOTO is still a 'healthy' base on FY2013 annual report. P.s. I could be wrong...SMRT's creative accounting method is a carbon copy of SIA's sale of its entire 49% Virgin Atlantic stake to Delta for US$360m cash, reflected on its P&L statement as a profit. (The US$360m cash is considered a profit because the original invested amount at US$960m (£600.3m) which SIA paid in 1999 was written off as "impairment" many years ago.) Performance Chart — Transportation stocks as at 13 Dec 2013
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Post by zuolun on Dec 17, 2013 11:28:58 GMT 7
SMRT — There was a time, stock analysts praised it's an excellent 'proven track record' dividend yield stock, now none of these same people issued BUY call, everyone is extremely bearish, especially KE's TP S$0.80 dated 1 Nov 2013. SMRT's chart pattern suggests that TP S$0.60 or lower is not impossible. (For TP to materialise, the duration is 6 - 8 qtrs.)SMRT was IPO @ S$0.61 per share and listed on the SGX Main Board dated 26th July 2000. Ms Saw Phaik Hwa was the President and CEO of SMRT from Dec 2002 to 6 Jan 2012. SMRT — 28 July 2000 to 17 Dec 2013
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Post by zuolun on Dec 18, 2013 14:22:31 GMT 7
SMRT — A penny stock in the making; every bounce is a SELL/SHORT, the higher, the betterWhenever you see a long black marubozu on SMRT's chart with extremely high volume, it means the longterm fund managers are unloading the shares onto retail investors. At the rate the longterm fund managers RUN ROAD coupled with other BBs aggressively shorting SMRT, TP S$0.60 may hit earlier than the est. duration of 6 - 8 qtrs. NOTE: Those BBs stuck with heavy long positions in SMRT could be doing technical shorts, i.e. to hedge their existing positions, the qty they short should be double. SMRT has a bear flag breakout traded @ S$1.155 (-0.025, -2.1%) on 18 Dec 2013 at 3.15pm. (Bear flag breakout TP S$1.12.)
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SMRT
Dec 18, 2013 18:08:47 GMT 7
Post by zuolun on Dec 18, 2013 18:08:47 GMT 7
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SMRT
Dec 18, 2013 21:23:54 GMT 7
Post by zuolun on Dec 18, 2013 21:23:54 GMT 7
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SMRT
Dec 20, 2013 13:04:18 GMT 7
Post by zuolun on Dec 20, 2013 13:04:18 GMT 7
SMRT — Bear flag breakout interim TP S$1.12SMRT — A penny stock in the making; every bounce is a SELL/SHORT, the higher, the betterWhenever you see a long black marubozu on SMRT's chart with extremely high volume, it means the longterm fund managers are unloading the shares onto retail investors. At the rate the longterm fund managers RUN ROAD coupled with other BBs aggressively shorting SMRT, TP S$0.60 may hit earlier than the est. duration of 6 - 8 qtrs. NOTE: Those BBs stuck with heavy long positions in SMRT could be doing technical shorts, i.e. to hedge their existing positions, the qty they short should be double. SMRT has a bear flag breakout traded @ S$1.155 (-0.025, -2.1%) on 18 Dec 2013 at 3.15pm. (Bear flag breakout TP S$1.12.)
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SMRT
Dec 20, 2013 13:11:19 GMT 7
Post by odie on Dec 20, 2013 13:11:19 GMT 7
SBS Transit, SMRT submit applications to raise fares
SINGAPORE - The Public Transport Council on Thursday confirmed that it has received applications for fare adjustments from both operators SBS Transit and SMRT.
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SMRT
Dec 20, 2013 13:23:08 GMT 7
odie likes this
Post by zuolun on Dec 20, 2013 13:23:08 GMT 7
SBS Transit, SMRT submit applications to raise fares SINGAPORE - The Public Transport Council on Thursday confirmed that it has received applications for fare adjustments from both operators SBS Transit and SMRT. odie, The positive news on rising fares has no impact at all, the fear factor on SMRT now is in FULL FORCE as more and more fund managers threw in the towel. The aggressive sell-down on SMRT past 3 days suggests that fund managers are doing year-end window-dressing (portfolio adjustment), swapping from SMRT to ComfortDelgro.
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SMRT
Dec 22, 2013 12:21:31 GMT 7
Post by zuolun on Dec 22, 2013 12:21:31 GMT 7
What has gone wrong with SMRT, LTA, and the entire system — 20 Dec 2011 SMRT — Descending triangle breakout; interim TP S$1.061. High volume is bearish in distributing mode. 2. High volume is bullish in accumulating mode. 3. Do not catch a stock falling on high volume or one that is rising on thin volume. SMRT as at 12 Dec 2013
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SMRT
Dec 22, 2013 16:10:08 GMT 7
Post by zuolun on Dec 22, 2013 16:10:08 GMT 7
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SMRT
Dec 26, 2013 14:01:21 GMT 7
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Post by zuolun on Dec 26, 2013 14:01:21 GMT 7
SMRT — Bear pennant formationImmediate support @ S$0.1.135, immediate resistance @ S$1.18. SMRT traded unchanged @ S$0.155 on 26 Dec 2013 at 3.05pm.
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