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August 3, 2010 1 comment

SembCorp Marine Ltd 8/3/2010
Singapore Technologies Engineering Ltd 8/3/2010
Mencast Holdings Ltd 8/3/2010
United Overseas Bank Ltd 8/3/2010
China Haida Ltd 8/3/2010
Lippo-Mapletree Indonesia Retail Trust 8/3/2010
Hi-P International Ltd 8/3/2010
Cosco Corp Singapore Ltd 8/3/2010
United Overseas Insurance Ltd 8/3/2010
Eucon Holding Ltd 8/4/2010
Multistar Holdings Ltd 8/4/2010
UMS Holdings Ltd 8/4/2010
Boardroom Ltd 8/4/2010
CSC Holdings Ltd 8/4/2010
HL Global Enterprises Ltd 8/4/2010
Tiger Airways Holdings Ltd 8/5/2010
GK Goh Holdings Ltd 8/5/2010
Heng Long International Ltd 8/5/2010
ASJ Holdings Ltd 8/5/2010
Excelpoint Technology Ltd 8/5/2010
Baker Technology Ltd 8/5/2010
SHC Capital Ltd 8/5/2010
China Merchants Holdings Pacific Ltd 8/5/2010
Singapore Reinsurance Corp Ltd 8/5/2010
Creative Technology Ltd 8/5/2010
Sing Investments & Finance Ltd 8/5/2010
Rotary Engineering Ltd 8/5/2010
Maveric Ltd 8/5/2010
StarHub Ltd 8/5/2010
Intraco Ltd 8/5/2010
Overseas Union Enterprise Ltd 8/5/2010
CEI Contract Manufacturing Ltd 8/5/2010
ARA Asset Management Ltd 8/5/2010
Jadason Enterprises Ltd 8/5/2010
Heng Long International Ltd 8/5/2010
KSH Holdings Ltd 8/5/2010
Roxy-Pacific Holdings Ltd 8/5/2010
Global Yellow Pages Ltd 8/5/2010
Riverstone Holdings Ltd 8/5/2010
CWT Ltd 8/5/2010
China EnerSave Ltd 8/5/2010
China Aviation Oil Singapore Corp Ltd 8/5/2010
Straits Asia Resources Ltd 8/5/2010
Venture Corp Ltd 8/5/2010
Adroit Innovations Ltd 8/6/2010
Hour Glass Ltd/The 8/6/2010
Neptune Orient Lines Ltd/Singapore 8/6/2010
JEL Corp Holdings Ltd 8/6/2010
Yeo Hiap Seng Ltd 8/6/2010
Best World International Ltd 8/6/2010
MCL Land Ltd 8/6/2010
JLJ Holdings Ltd 8/6/2010
ECS Holdings Ltd 8/6/2010
New Toyo International Holdings Ltd 8/6/2010
Brothers Holdings Ltd 8/6/2010
Penguin International Ltd 8/6/2010
Penguin International Ltd 8/6/2010
Dynamic Colours Ltd 8/6/2010
Innovalues Ltd 8/6/2010
Heatec Jietong Holdings Ltd 8/6/2010
Falcon Energy Group Ltd 8/6/2010
Hyflux Ltd 8/6/2010
BRC Asia Ltd 8/6/2010
HLH Group Ltd 8/6/2010
Aspial Corp Ltd 8/6/2010
IPC Corp Ltd 8/6/2010
Sinwa Ltd 8/6/2010
Colex Holdings Ltd 8/6/2010
CH Offshore Ltd 8/6/2010
Adroit Innovations Ltd 8/6/2010
Natural Cool Holdings Ltd 8/6/2010
Artivision Technologies Ltd 8/6/2010
United Industrial Corp Ltd 8/6/2010
Singapore Land Ltd 8/6/2010
BBR Holdings Ltd 8/6/2010
Lee Metal Group Ltd 8/6/2010
AIMS AMP Capital Industrial REIT 8/6/2010
Wanxiang International Ltd 8/6/2010
PSC Corp Ltd 8/6/2010
ISDN Holdings Ltd 8/6/2010
Juken Technology Ltd 8/6/2010
Meiban Group Ltd 8/6/2010
Tye Soon Ltd 8/6/2010
Beng Kuang Marine Ltd 8/6/2010
Gallant Venture Ltd 8/6/2010
Achieva Ltd 8/6/2010
Orchard Parade Holdings Ltd 8/6/2010
R H Energy Ltd 8/6/2010
Liang Huat Aluminium Ltd 8/6/2010
Ocean International Holdings Ltd 8/6/2010
TeleChoice International Ltd 8/6/2010
Shanghai Asia Holdings Ltd 8/6/2010
Chemoil Energy Ltd 8/6/2010
Thakral Corp Ltd 8/6/2010
Asiamedic Ltd 8/6/2010
Brothers Holdings Ltd 8/6/2010
Swissco International Ltd 8/6/2010
MCL Land Ltd 8/6/2010
Manufacturing Integration Technology Ltd 8/6/2010
Asia Enterprises Holding Ltd 8/6/2010
Global Testing Corp Ltd 8/6/2010
Aspial Corp Ltd 8/6/2010
Venture Corp Ltd 8/6/2010
Cityspring Infrastructure Trust 8/10/2010
Nera Telecommunications Ltd 8/10/2010
Pteris Global Ltd 8/10/2010
Trek 2000 International Ltd 8/11/2010
Food Empire Holdings Ltd 8/11/2010
AEM Holdings Ltd 8/11/2010
Advanced Holdings Ltd 8/11/2010
Del Monte Pacific Ltd 8/11/2010
Allied Technologies Ltd/Singapore 8/11/2010
JK Yaming International Holdings Ltd 8/11/2010
HTL International Holdings Ltd 8/11/2010
Serial System Ltd 8/11/2010
Chasen Holdings Ltd 8/11/2010
AEI Corp Ltd 8/11/2010
Megachem Ltd 8/11/2010
Rowsley Ltd 8/11/2010
Cityneon Holdings Ltd 8/11/2010
Medtecs International Corp Ltd 8/11/2010
Chip Eng Seng Corp Ltd 8/11/2010
Hup Soon Global Corp Ltd 8/11/2010
United Engineers Ltd 8/11/2010
Bukit Sembawang Estates Ltd 8/11/2010
CSE Global Ltd 8/11/2010
Albedo Ltd 8/11/2010
Action Asia Ltd 8/11/2010
RH PetroGas Ltd 8/11/2010
Firstlink Investments Corp Ltd 8/11/2010
Lee Kim Tah Holdings Ltd 8/11/2010
EnGro Corp Ltd 8/11/2010
UPP Holdings Ltd 8/11/2010
Eastern Asia Technology Ltd 8/11/2010
Teledata Singapore Ltd 8/11/2010
Advanced Integrated Manufacturing Corp Ltd 8/11/2010
Nippecraft Ltd 8/11/2010
Hiap Hoe Ltd 8/11/2010
Auric Pacific Group Ltd 8/11/2010
Armstrong Industrial Corp Ltd 8/11/2010
Fraser and Neave Ltd 8/12/2010
SembCorp Industries Ltd 8/12/2010
Breadtalk Group Ltd 8/12/2010
Progen Holdings Ltd 8/12/2010
Sunningdale Tech Ltd 8/12/2010
Boustead Singapore Ltd 8/12/2010
Huan Hsin Holdings Ltd 8/12/2010
Soilbuild Group Holdings Ltd 8/12/2010
MFS Technology Ltd 8/12/2010
Sunmoon Food Co Ltd 8/12/2010
IDT Holdings Singapore Ltd 8/12/2010
Transpac Industrial Holdings Ltd 8/12/2010
Interra Resources Ltd 8/12/2010
WesTech Electronics Ltd 8/12/2010
United Envirotech Ltd 8/12/2010
EDMI Ltd 8/12/2010
Amplefield Ltd 8/12/2010
Yongnam Holdings Ltd 8/12/2010
InnoTek Ltd 8/12/2010
Hong Leong Finance Ltd 8/12/2010
Vibropower Corp Ltd 8/12/2010
AA Group Holdings Ltd 8/12/2010
Select Group Ltd 8/12/2010
Lorenzo International Ltd 8/12/2010
Banyan Tree Holdings Ltd 8/12/2010
Yanlord Land Group Ltd 8/12/2010
Pacific Century Regional Developments Ltd 8/12/2010
Design Studio Furniture Manufacturer Ltd 8/12/2010
Singapore Telecommunications Ltd 8/12/2010
Heeton Holdings Ltd 8/12/2010
Hiap Seng Engineering Ltd 8/12/2010
Hotel Royal Ltd 8/12/2010
Pan Pacific Hotels Group Ltd 8/12/2010
Superior Multi-Packaging Ltd 8/12/2010
UOL Group Ltd 8/12/2010
Zagro Asia Ltd 8/12/2010
Jiutian Chemical Group Ltd 8/12/2010
ITE Electric Co Ltd 8/12/2010
Ocean Sky International Ltd 8/12/2010
Kian Ho Bearings Ltd 8/12/2010
Asia Pacific Breweries Ltd 8/12/2010
NSL Ltd/Singapore 8/12/2010
Allgreen Properties Ltd 8/12/2010
Healthway Medical Corp Ltd 8/12/2010
Wheelock Properties Singapore Ltd 8/12/2010
Vicom Ltd 8/12/2010
Eng Kong Holdings Ltd 8/12/2010
Unified Communications Holdings Ltd 8/12/2010
Yoma Strategic Holdings Ltd 8/12/2010
Super Group Ltd/Singapore 8/12/2010
Hyflux Water Trust 8/12/2010
LHT Holdings Ltd 8/12/2010
Asia Water Technology Ltd 8/12/2010
Informatics Education Ltd 8/12/2010
Enviro-Hub Holdings Ltd 8/12/2010
Ellipsiz Ltd 8/12/2010
City Developments Ltd 8/12/2010
ABR Holdings Ltd 8/12/2010
Ramba Energy Ltd 8/12/2010
Metal Component Engineering Ltd 8/12/2010
Sinomem Technology Ltd 8/12/2010
Hersing Corp Ltd 8/12/2010
A-Sonic Aerospace Ltd 8/12/2010
Parkway Holdings Ltd 8/12/2010
Teckwah Industrial Corp Ltd 8/12/2010
Manhattan Resources Ltd 8/12/2010
Asiasons Capital Ltd 8/12/2010
China Yuchai International Ltd 8/12/2010
Broadway Industrial Group Ltd 8/13/2010
HLN Technologies Ltd 8/13/2010
Jade Technologies Holdings Ltd 8/13/2010
euNetworks Group Ltd 8/13/2010
EMS Energy Ltd 8/13/2010
Dragon Group International Ltd 8/13/2010
Marco Polo Marine Ltd 8/13/2010
Ossia International Ltd 8/13/2010
PSL Holdings Ltd 8/13/2010
Linair Technologies Ltd 8/13/2010
Superbowl Holdings Ltd 8/13/2010
Soon Lian Holdings Ltd 8/13/2010
SBS Transit Ltd 8/13/2010
Darco Water Technologies Ltd 8/13/2010
Petra Foods Ltd 8/13/2010
Straco Corp Ltd 8/13/2010
Bonvests Holdings Ltd 8/13/2010
Pan Asian Water Solutions Ltd 8/13/2010
Guthrie GTS Ltd 8/13/2010
SM Summit Holdings Ltd 8/13/2010
Amara Holdings Ltd 8/13/2010
Asti Holdings Ltd 8/13/2010
Otto Marine Ltd 8/13/2010
Top Global Ltd 8/13/2010
Pertama Holdings Ltd 8/13/2010
UOB-Kay Hian Holdings Ltd 8/13/2010
Challenger Technologies Ltd 8/13/2010
ComfortDelgro Corp Ltd 8/13/2010
CDW Holding Ltd 8/13/2010
Sakae Holdings Ltd 8/13/2010
Ezion Holdings Ltd 8/13/2010
China Environment Ltd 8/13/2010
Wepco Ltd 8/13/2010
K1 Ventures Ltd 8/13/2010
Hengxin Technology Ltd 8/13/2010
TSH Corp Ltd 8/13/2010
See Hup Seng Ltd 8/13/2010
Kingsmen Creatives Ltd 8/13/2010
Pollux Properties Ltd 8/13/2010
Indofood Agri Resources Ltd 8/13/2010
Wilmar International Ltd 8/13/2010
Pan-United Corp Ltd 8/13/2010
Global Investments Ltd/Singapore 8/13/2010
M Development Ltd 8/13/2010
Ho Bee Investment Ltd 8/13/2010
Federal International 2000 Ltd 8/13/2010
Lindeteves-Jacoberg Ltd 8/13/2010
Adventus Holdings Ltd 8/13/2010
Adampak Ltd 8/13/2010
Koh Brothers Group Ltd 8/13/2010
Asia Food & Properties Ltd 8/13/2010
Koyo International Ltd 8/13/2010
Tat Hong Holdings Ltd 8/13/2010
Cerebos Pacific Ltd 8/13/2010
Asiatravel.com Holdings Ltd 8/13/2010
Hotel Grand Central Ltd 8/13/2010
Hosen Group Ltd 8/13/2010
QAF Ltd 8/13/2010
KS Energy Services Ltd 8/13/2010
Poh Tiong Choon Logistics Ltd 8/13/2010
Midas Holdings Ltd 8/13/2010
Kinergy Ltd 8/13/2010
Kingboard Copper Foil Holdings Ltd 8/13/2010
Metro Holdings Ltd 8/13/2010
AnnAik Ltd 8/13/2010
Spice I2I Ltd 8/13/2010
CarrierNet Global Ltd 8/13/2010
China Powerplus Ltd 8/13/2010
JEP Holdings Ltd 8/13/2010
Chuan Hup Holdings Ltd 8/13/2010
Haw Par Corp Ltd 8/13/2010
King Wan Corp Ltd 8/13/2010
San Teh Ltd 8/13/2010
Hor Kew Corp Ltd 8/13/2010
Hong Fok Corp Ltd 8/13/2010
Net Pacific Financial Holdings 8/13/2010
RSH Ltd 8/13/2010
Sapphire Corp Ltd 8/13/2010
SingXpress Ltd 8/13/2010
Esmart Holdings Ltd 8/13/2010
Annica Holdings Ltd 8/13/2010
Moya Dayen Ltd 8/13/2010
PCI Ltd 8/13/2010
Isetan Singapore Ltd 8/13/2010
AP Oil International Ltd 8/13/2010
Oakwell Engineering Ltd 8/13/2010
Pacific Healthcare Holdings Ltd 8/13/2010
Singapore Medical Group Ltd 8/13/2010
Fu Yu Corp Ltd 8/13/2010
Armarda Group Ltd 8/13/2010
Guangzhao Industrial Forest Biotechnology Group Ltd 8/13/2010
Vashion Group Ltd 8/13/2010
Hotel Properties Ltd 8/13/2010
Old Chang Kee Ltd 8/13/2010
Unidux Electronics Ltd 8/13/2010
WBL Corp Ltd 8/13/2010
China Auto Corp Ltd 8/13/2010
Devotion Energy Group Ltd 8/13/2010
Straits Trading Co Ltd 8/13/2010
Jasper Investments Ltd 8/13/2010
Addvalue Technologies Ltd 8/13/2010
SC Global Developments Ltd 8/13/2010
China Dairy Group Ltd 8/13/2010
Hafary Holdings Ltd 8/13/2010
mDR Ltd 8/13/2010
Elec & Eltek International Co Ltd 8/13/2010
Abterra Ltd 8/13/2010
Rickmers Maritime 8/13/2010
Asia Silk Holdings Ltd 8/13/2010
KLW Holdings Ltd 8/13/2010
Compact Metal Industries Ltd 8/13/2010
Sitra Holdings International Ltd 8/13/2010
Indiabulls Properties Investment Trust 8/13/2010
Lafe Corp Ltd 8/13/2010
Food Junction Holdings Ltd 8/13/2010
Macquarie International Infrastructure Fund Ltd 8/13/2010
Swiber Holdings Ltd 8/13/2010
Anwell Technologies Ltd 8/13/2010
Sing Holdings Ltd 8/13/2010
Kingsmen Creatives Ltd 8/13/2010
Hong Leong Asia Ltd 8/13/2010
YHI International Ltd 8/13/2010
Ntegrator International Ltd 8/13/2010
GP Industries Ltd 8/13/2010
Advanced Systems Automation Ltd 8/13/2010
IFS Capital Ltd 8/13/2010
Matex International Ltd 8/13/2010
Golden Agri-Resources Ltd 8/13/2010
Nobel Design Holdings Ltd 8/13/2010
Mirach Energy Ltd 8/13/2010
Hoe Leong Corp Ltd 8/13/2010
International Press Softcom Ltd 8/13/2010
SMB United Ltd 8/13/2010
Sin Heng Heavy Machinery Ltd 8/13/2010
Frencken Group Ltd 8/13/2010
Southern Packaging Group Ltd 8/13/2010
TT International Ltd 8/13/2010
China Yongsheng Ltd 8/13/2010
AEC Education PLC 8/13/2010
Skywest Airlines Ltd 8/13/2010
Amaru Inc 8/13/2010
Communication Design International Ltd 8/17/2010
CNA Group Ltd 8/17/2010
Singapura Finance Ltd 8/18/2010
Chosen Holdings Ltd 8/18/2010
Ausgroup Ltd 8/18/2010
FJ Benjamin Holdings Ltd 8/19/2010
ASL Marine Holdings Ltd 8/19/2010
Union Steel Holdings Ltd 8/20/2010
Health Management International Ltd 8/20/2010
St James Holdings Ltd/Singapore 8/20/2010
Verigy Ltd 8/20/2010
OM Holdings Ltd 8/24/2010
New Lakeside Holdings Ltd 8/24/2010
Raffles Education Corp Ltd 8/24/2010
GRP Ltd 8/24/2010
Gems TV Holdings Ltd 8/24/2010
Memstar Technology Ltd 8/25/2010
Wing Tai Holdings Ltd 8/25/2010
Asia-Pacific Strategic Inv Ltd 8/25/2010
Jaya Holdings Ltd 8/25/2010
Santak Holdings Ltd 8/25/2010
Tai Sin Electric Ltd 8/26/2010
Eu Yan Sang International Ltd 8/26/2010
Avi-Tech Electronics Ltd 8/26/2010
Karin Technology Holdings Ltd 8/26/2010
Asian Micro Holdings Ltd 8/26/2010
Lasseters International Holdings Ltd 8/26/2010
CFM Holdings Ltd 8/26/2010
Digiland International Ltd 8/26/2010
Goodpack Ltd 8/26/2010
Tiong Woon Corp Holding Ltd 8/26/2010
Portek International Ltd 8/26/2010
Lion Asiapac Ltd 8/26/2010
Teho International Inc Ltd 8/26/2010
Plato Capital Ltd 8/27/2010
Elite KSB Holdings Ltd 8/27/2010
Kian Ann Engineering Ltd 8/27/2010
GuocoLeisure Ltd 8/27/2010
Lum Chang Holdings Ltd 8/27/2010
Centillion Environment & Recycling Ltd 8/27/2010
Koon Holdings Ltd 8/27/2010
Lantrovision Singapore Ltd 8/27/2010
Sim Siang Choon Ltd 8/27/2010
E3 Holdings Ltd 8/27/2010
Equation Corp Ltd 8/27/2010
Goldtron Ltd 8/27/2010
Metax Engineering Corp Ltd 8/27/2010
Lion Teck Chiang Ltd 8/27/2010
KTL Global Ltd 8/27/2010
Aussino Group Ltd 8/27/2010
Guocoland Ltd 8/27/2010
Auswin Holdings Ltd 8/27/2010
Second Chance Properties Ltd 8/27/2010
Hartawan Holdings Ltd 8/27/2010
Epicentre Holdings Ltd 8/27/2010
Sim Lian Group Ltd 8/27/2010
Spindex Industries Ltd 8/27/2010
Scintronix Corp Ltd 8/27/2010
Koda Ltd 8/27/2010
HupSteel Ltd 8/27/2010
LC Development Ltd 8/27/2010
Saizen REIT 8/27/2010
Olam International Ltd 8/27/2010
Time Watch Investments Ltd 8/27/2010
Micro-Mechanics Holdings Ltd 8/30/2010
Grand Banks Yachts Ltd 8/31/2010
Kim Eng Holdings Ltd 8/31/2010
Magnus Energy Group Ltd 8/31/2010
Ultro Technologies Ltd 8/31/2010
British & Malayan Trustees Ltd 8/31/2010
Ryobi Kiso Holdings Ltd 8/31/2010
Greater China Precision Components Ltd 8/31/2010

Categories: sg, sgx, singapore Tags: , ,

Noble drag into a price war?

WSJ
MELBOURNE—Peabody Energy Corp. said Tuesday it is raising its takeover offer for Australian miner Macarthur Coal Ltd. to A$3.56 billion ($3.28 billion) from A$3.3 billion previously.

Peabody is now offering A$14 cash per share, up from the initial offer of A$13 …

Seems like Noble Group has to pay a very high premium to acquire this company. Definitely, it will affect their earnings if the deal went through. But will the shareholder allow?

Oil Surges to 17-Month High on Signs of U.S. Economic Growth

April 6, 2010 1 comment

April 5 (Bloomberg) — Crude oil surged to the highest level in 17 months as growth in American jobs and service industries signaled that the economy is recovering from the worst recession since the 1930s.

Oil climbed 2.1 percent amid optimism that fuel demand will increase with an economic rebound. The U.S. is the world’s largest energy-consuming country. The Standard & Poor’s 500 Index rose to an 18-month high.

“The market is in full embrace of the recovery thesis and is pricing it in accordingly,” said John Kilduff, a partner at Round Earth Capital, a New York-based hedge fund that focuses on food and energy commodities. “It’s enthusiasm that we’re coming out of this recession.”

Crude oil for May delivery increased $1.75 to settle at $86.62 a barrel on the New York Mercantile Exchange, the highest closing price since Oct. 8, 2008. The contract has risen for five consecutive sessions, the longest stretch in six weeks. Crude has climbed 65 percent in the past year.

Oil traded within a range of $68 to $84 a barrel in the six months ended March 31. Prices rose the past two months as improved investor confidence boosted world equity markets.

The S&P 500 gained 0.8 percent to 1,187.44 in New York, also on the jobs report.

U.S. payrolls rose by 162,000 last month, the Labor Department reported April 2, when U.S. financial markets were closed for the Good Friday holiday. The report included 48,000 temporary workers hired by the government to conduct the Census.

more…

Oil is one of the main factor to watch in a economy because to a certain accuracy, it does show the bullishness or bearishness of the market. However, oil has been speculated quite badly during the 2008 bull run.

Having too high a oil price will not help the economy either cos people will have to spend more on oil and less on other things.

USO is one of the nyse counter and seems to be a ascending triangle in making. We can use the breakout strategy to enter this counter. Oil will also drive the gas and commodities up. Take a look at UNG for entry as the downward trend has only been broken 2 days ago.

Commodities stock such as StraitsAsia, GoldenAgri and IndoAgri seems to be weakened by the major 4 day run  with a spinning top and might have to consolidate to go higher.

Alert: Noble Group

Noble just made a breakout of 7 cents to $3.13! With STI breaking the resistance to 2,955.13, it will be a good time to long.

Chart  and analysis to be posted later tonight.

Reading the recent news on Noble Group, I just hope they’re not paying way too much of a premium for it. Normally when a takeover occurs, only the bought over company has to gain. Remember Kraft and Cadbury?

Just last week, I saw a report stating the target price should be 3.60 using peer valuation. Let’s see if its true.

Macarthur Coal rejects Peabody bid

Stocks

MELBOURNE/NEW YORK (Reuters) – Australia’s Macarthur Coal (MCC.AX) rejected a $3 billion (1.97 billion pounds) bid from U.S. miner Peabody Energy Corp (BTU.N), saying it undervalued the growth prospects of a company that controls a third of the world’s supply of a cleaner coal coveted by steelmakers.

Peabody’s offer surfaced on Wednesday morning in Australia, after Macarthur disclosed it had been approached with a takeover bid. It is the latest in a flurry of coal company deals in Australia, tapping into booming demand for coal and steel from China and India.

Macarthur shares jumped as much as 20 percent following news of the Peabody offer of A$13 a share, representing a small 7.5 percent premium. Peabody shares rose 9 cents to $45.76 in afternoon trading on the New York Stock Exchange.

“Peabody’s proposal is highly conditional and does not fully value Macarthur and its significant growth prospects,” Macarthur Chairman Keith DeLacy said in a statement.

Analyst Jeremy Sussman, of Brean Murray, Carret & Co said he believed St Louis-based Peabody, which already operates mines in Australia, might increase its offer to get a bigger foothold in the booming Asia-Pacific coal market.

He said adding Macarthur to its arsenal would certainly help investors give Peabody more credit for its Australian assets.

“Thus, we think there is a good chance for Peabody to up its bid for Macarthur, in an effort to get a deal done,” he added.

The offer matches the biggest recent coal deal in Australia — Chinese company Yanzhou Coal Mining Co’s (1171.HK) $2.9 billion takeover of Felix Resources last year.

Macarthur’s appeal, highlighted by Peabody, is that it has 145 million tons of reserves of low-volatile PCI coal, prized by steelmakers as a way to extend the life of costly coke ovens at steel mills and reduce greenhouse gas emissions.

Peabody said it believed there is “a strong strategic rationale” for a combination of Macarthur’s operating assets and project pipeline with Peabody’s growing Australian platform of coal production.

Macarthur, Australia’s second-largest independent coal miner behind New Hope Corp Ltd (NHC.AX), is being advised by JPMorgan Chase & Co (JPM.N) and Peabody is being advised by Rothschild ROT.UL.

BIG HURDLES

Peabody, the world’s biggest listed coal miner, already owns nine coal operations in the Australian states of Queensland and New South Wales, which produced 22.3 million tonnes of coking and thermal coal in 2009.

Its offer is conditional on winning support from Macarthur’s three major shareholders, China’s CITIC Resources Holdings Ltd (1205.HK), top global steel maker ArcelorMittal (ISPA.AS)(MT.N) and world No. 4 steelmaker POSCO (005490.KS), which together own 47.3 percent of Macarthur.

Peabody said it remained open to talking to Macarthur’s board and was in talks with the three big shareholders. It said the three would be offered the alternative of keeping their existing stakes in Macarthur.

It is unlikely ArcelorMittal and POSCO would be willing to sell their stakes, given that they paid around A$20 a share for their stakes two years ago.

CITIC Resources, a founding shareholder in Macarthur, POSCO and ArcelorMittal declined to comment on the offer.

The offer is also conditional on Macarthur’s proposed A$832 million (502.7 million pounds) takeover of Gloucester Coal Ltd (GCL.AX) not going ahead.

Macarthur shareholders are set to vote on April 12 on the Gloucester deal, which involves issuing shares to Gloucester’s main shareholder, Singapore-listed commodities company Noble Group Ltd (NOBG.SI).

Peabody justified its A$3.3 billion offer, saying it was above the top end of an independent expert’s valuation of Macarthur shares last month for the Gloucester deal, but shareholders said it was far too low.

“If Peabody is serious about its intentions, I would be anticipating this is an opening gambit only,” said a fund manager with shares in Macarthur, who declined to be named.

He said the bid failed to reflect sharp increases in coal prices over the past few months and escalating forecasts that have pushed some analysts’ valuations of Macarthur to more than A$17 a share.

Macarthur’s shares jumped to a 19-month high of A$14.50 in Australia after the announcement and closed up 16 percent at A$14.05.

(Additional reporting by James Regan in SYDNEY, Alison Leung in HONG KONG, Kim Yeon-hee in SEOUL and Michael Erman in NEW YORK; Editing by Ed Davies, Valerie Lee and Tim Dobbyn)

Evidence showing economy is going higher

Look at the the end of the line for every indices, it has shown that Asian market is moving higher with Shanghai and Hang Seng confluence with the market movement in STI. Not to mention, SPY.

20100403 world chart

20100403 world chart

Another good news, is the job data is improving. It seems to have reach the bottom for states.

Chart: Bottom fishing play

Counters to watch out for 5-9 April. Lets hope STI will continue to push past its resistance.

20100403 sgx chart

20100403 biosensors chart

From Zaobao
这股票于08年元月21日虽然一度回升至1.10元,可是仍然摆脱不了本栏于2007年11月13日所预估股价一旦跌穿0.58元,则将有更大的跌幅。果然,股价过后于2008年7月4日跌穿此价位,接着于2008年10月16日,28日及31日三度下试0.225元,随即以三波回升。今年元月19日股价一度升试0.90元,并于当天以“一日转向”讯号进入调整。截至今年3月31日股价已下试0.69元,由于每周一杆图已呈式微,短期回扯充其量也只能填补介于0.835元至0.84元间的缺口,过后当跌穿0.575元的支撑线了。

20100403 tat hong chart

20100403 tat hong chart

20100403 otto marine chart

20100403 otto marine chart