Great Singapore Sales for a car at 09/06/11

09/06/2011 Leave a comment

Look at the picture below, a car selling at $9,799 for a hyundai i30 is a best due in singapore that you can ever get for a new car. Maybe is due to the Great Singapore Sales.

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Categories: Cars

COE 1st Round of Bidding for June 2011

08/06/2011 Leave a comment

The recenlt COE bidding price for all vehicle has went up (see below);

Cat A(Car below 1600cc & Taxi): Now $53,390, Up $6,401, From $46,989

Cat B(Car between 1601cc to 2000cc): Now $63,000, Up $6,700, From $56,300

Cat C(Commercial Vehicles): Now $29,006, Up $6,017, From $22,989

Cat E(Open Cat): Now $62,000, Up $5,111, From $56,889

Categories: Cars

Is Iverson still an Answer?

08/06/2011 Leave a comment

Allan Iverson, 36 the 2001 NBA All Star MVP is eyeing to return to the NBA. It has been year since had left the NBA to play in Turkey. On the other hand, i hope the Los Angeles Lakers will grab Allan Iverson and ink a 2 years due for a hope of a championship run next season.

Categories: NBA

Olam set to raise $740m, may hit acquisition trail

07/06/2011 Leave a comment
Mixed reactions from analysts to fund-raising exercise

By FELDA CHAY

(SINGAPORE) Commodities supplier Olam International is building up its war chest by raising $740 million through a share sale, with half of the amount raised likely to go towards funding acquisitions, said two persons familiar with the matter yesterday.

It is understood that Olam will sell 286.11 million new shares in three tranches, with existing shareholder Temasek Holdings alone snapping up one tranche of at least 94.41 million shares. Another tranche of 94.41 million shares will be placed to institutional shareholders.

Stock sold under the two tranches are priced at $2.60 apiece – an 8 per cent discount to Olam’s last traded price of $2.83 last Friday. Trading of its shares were halted yesterday pending an announcement on the share placement, which is expected to be out today.

BT understands that as at yesterday, the book building process has not been completed, though interest from institutional investors was very strong, said one source.

Assuming that Temasek takes up just 94.41 million shares, the final tranche of 97.29 million shares will be sold to existing shareholders at $2.56 each, on the basis of one new share for every 22 shares held. The price is a 9.5 per cent discount to Olam’s closing price on Friday.

HSBC Holdings plc, Standard Chartered plc, Credit Suisse Group AG and JPMorgan Chase & Co are arranging the offering, which represents about 13 per cent of Olam’s current issued shares.

A source said that Temasek, Olam’s chief executive Sunny Verghese and its controlling shareholder, the Chanrai family, have undertaken to mop up shares that are not taken up by existing shareholders under the preferential offering. Temasek currently has a 12.95 per cent stake in Olam.

The bulk of proceeds will likely go towards funding the group’s acquisitions, with about 30 per cent likely to be used for capital expenditure.

Analysts that BT spoke to have mixed reactions to the sale. Some noted that Temasek’s acceptance of placement shares will be an indicator of the Singapore investment company’s confidence in Olam’s prospects. Others, however, note that Olam has raised funds on several occasions in the past few years, and that its latest fund raising is unlikely to be well received by the market because of the discounts to its last traded share price.

Said Eugene Ng, an analyst at UOB-KayHian: ‘The key point here is that Temasek is one of the main investors and is raising its stake in a significant manner. When Olam previously placed shares to Temasek in May 2009, Olam had a lot of upside after that.’

Kim Eng analyst James Koh noted that the market was likely to react negatively to the discounts that the shares are being sold at. While acknowledging that this was common practice, ‘the market, for most of the time, tends to react poorly to discounts’, said Mr Koh.

He added that Olam’s share price has also been drifting lower in the last few months, making the discounts to Olam’s last traded share price even more significant.

SIAS Research vice-president Roger Tan, however, pointed out that Olam has made numerous acquisitions and investments in the last few years. In 2010, purchases that Olam made include a US$250 million takeover of US firm Gilroy Foods & Flavor’s operating assets, and its dehydrated and vegetable products business. It also partnered Africa’s Lababidi Group to set up a US$200 million port-based sugar refinery in Nigeria.

‘The way to look at Olam’s latest placement is to see who they are placing the shares to, how many people they are placing them to, the application of the funds, how the assets they purchase fit into the group, and the return on equity or return on assets of the acquisitions,’ he said.

Sources from www.olamonline.com and www.sgx.com.

Categories: Stocks

Game

06/06/2011 1 comment

Just feel really fuck type and i also dunno who should i blame.. Should i blame Sudden Attack or AVG?  I can even lanch my Sudden Attack game cos AVG Resident Shield Alert keep saying that “Threat detected” on cshell.dll beside saying What The Fuck Is IT!!!

Previously it can be solve easily, but now i dunno wat the fuck, why this problem come back again..

Categories: Uncategorized

Nissan NV200 1.5M Van

05/06/2011 Leave a comment

Nissan NV200 van is the best vehicle that suits those small and medium company usages and I personally had test drive it from its agent Tan Chong.

What I Like:

  • Turbo Engine
  • Huge Storage of Goods
  • Very Fuel Efficient
  • Passenger Seat that can be use as a table

Can Be Improved:

  • Dual Airbag
  • USB Port
  • Electrical Retractable Side Mirror
  • Immobiliser
  • RPM Meter
  • Engine CC can be at 1498 or 1499 will be better
  • BHP if can be at least 95 and above will be better
  • Hopefully i will comes with Nissan standard sports rims

Categories: Cars

Nissan Teana

05/06/2011 Leave a comment

Tested the Nissan Teana 3.5l, overall i like this car. This is the best car i had ever drove among 2l and above car.

Like:

  • Interior
  • Cabin Slients
  • Exterior
  • Ventilation Seat
  • Soft Leather Seat
  • Push Start/Stop Button
  • Reserve Camera
  • Very good pick up
  • Nice tail lamp
  • Built in GPRS
  • Keyless entry
  • Foldable side mirror

Can Be Improve:

  • Fuel Consumption.
  • Manual Mode with Paddle shift for all types of Teana(200XL, 250XV and 350XV).
  • Traction Control(For 200XL version too)
  • USB Port

Categories: Cars