Booming industry in Singapore

[Mockngbrd]

SAF

[Fuelsaver]

 

Investments in energy storage and power generation are longer-term businesses that may not yield significant profit contributions initially, he said. "They are strategic and important because they enable us to lock in the supply and sale contracts for oil and gas," Dr Goh said. "This is how, for a small company that is starting up, we believe we can compete with the big boys." BLOOMBERG

 

 

 

based on last para, we need a couple of yrs to see how it's doing. it's not easy to compete w bigger players.

[Ahseng]

sign on uniformed in SAF lor. decent $$, not so siong, get loan for new car also shud b easier. HAHAHAHA

[Antonee]

Well... the vices still thriving very well in heartlands....

 

Recently, we were very concerned about SBF is going to be banned in Singapore you know...

 

Gambling is still doing very well and our national gambling corporation is determined to set up online gambling platform, confident that it will be approved. Well again, the reason given is, if we don't allow legalized online gambling, those determined ones will still find their ways to gamble online.

 

What do you think?

 

 

 

what is sbf ?

[Kangadrool]

Singapore Boy Friends.

 

 

 

what is sbf ?

 

[Jamesc]

 

 

what is sbf ?

 

Singapore badminton federation.

 

[Antonee]

Singapore Boy Friends.

 

 

 

 

Singapore Bike Forum

[Volvobrick]

This is oil trading so it is vastly different from what most people think about O&G. Oil trading thrives on volatility - high or low prices don't matter as long as you bet the right way.

 

Singapore has managed to attract a lot of trading companies here recently and they've all set up regional offices in Singapore because of the low tax rate (10%)

 

http://www.iesingapore.gov.sg/Trade-From-Singapore/Global-Trader-Programme

 

Whether or not companies will continue to invest in Singapore after the concessionary tax rates expire remains to be seen.

 

Anyway, this Goh fellow has been a medical doctor by training so what does he really know about oil trading? Just because he is GCT's son? Anyway, let's see if he can really turn the company around or not.

 

"consultant on oil and gas storage projects for governments"

 

This he can using connections mah....

 

If Digiland turns itself into Medical REIT under a doctor CEO, I think chance of success bigger. O&G?

Hmmm....

[Beehive3783]

Outsourced to Huawei?

 

I'm just guessing. Cos seen Huawei truck before.

 

 

 

Telco, no leh. I think last year Singtel retrench many engineers. My fren in Singtel told me one. They closed their dont know which engineering dept and outsource it.

 

They outsource because if business gets really bad, they can just pack up and go because they won't have much assets already.

 

Take for example the biggest RMC company in SG. The entire fleet of mixer trucks are outsourced. If the company decides to close down, the drivers are farked because they own the mixer trucks, not the company.

 

 

That's what biz do, trimmed off excess resources, then fund another dept or sub biz that provide higher returns.
Bad for employees but great for biz, especially shareholders.

 

I remember Digiland on the down very long already since their Datamini line of computers was a flop.

 

The profitable one is GES.

 

 

Bo hoh tan meh?

 

News....

 

DIGILAND International, a loss-making computer distributor, wants to accelerate its transformation into an oil and gas company with the appointment of a new chief executive officer last week.

The mainboard-listed company, which is changing its name to New Silkroutes Group Ltd on Tuesday, is aiming to boost its market value to as much as US$150 million within a year to draw fund managers investing in small-cap stocks, CEO Goh Jin Hian said. That is double Digiland's worth at Friday's close.

Shareholders will be looking to Dr Goh, the son of Emeritus Senior Minister Goh Chok Tong, Singapore's former prime minister, to turn Digiland's fortunes around after losses in eight out of the past 10 years. The new CEO also plans to broaden its business as an energy trader to an investor and consultant on oil and gas storage projects for governments, as well as power generation.

"At the end of the day, what do governments grapple with? They need energy and the infrastructure, and to generate power," said Dr Goh, 46, who left a career as a doctor and senior manager of Parkway Holdings, Singapore's biggest owner of private hospitals, in 2011 to enter the oil and gas industry.

The stock closed at 0.1 Singapore cent on Monday, far below the 20 Singapore cents minimum trading price required for shares on the the main board starting next year. Dr Goh said that he plans to consolidate the shares to meet the requirement.

The computer distribution business may also be sold amid the transformation, Dr Goh said, because "the retail tech business is not a space we are keen on".

Digiland expanded into the energy sector at the end of 2013, when it began trading marine gasoil. It forged a partnership with the Maltese government in May to turn Malta into a trading centre for energy products.

The bigger step into the energy sector comes as oil prices drop. Oil capped its steepest weekly loss since March as the International Energy Agency forecast that prices will need to fall further to curb excess supplies.

Dr Goh said that he is not concerned about declining prices because he is not in the oil supply business. Future expansion into energy will tap on Singapore's free trade agreements with countries in Asia and Europe.

Investments in energy storage and power generation are longer-term businesses that may not yield significant profit contributions initially, he said. "They are strategic and important because they enable us to lock in the supply and sale contracts for oil and gas," Dr Goh said. "This is how, for a small company that is starting up, we believe we can compete with the big boys." BLOOMBERG

 

 

 

 

[A_korusawa]

Bo hoh tan meh?

 

News....

 

DIGILAND International, a loss-making computer distributor, wants to accelerate its transformation into an oil and gas company with the appointment of a new chief executive officer last week.

The mainboard-listed company, which is changing its name to New Silkroutes Group Ltd on Tuesday, is aiming to boost its market value to as much as US$150 million within a year to draw fund managers investing in small-cap stocks, CEO Goh Jin Hian said. That is double Digiland's worth at Friday's close.

Shareholders will be looking to Dr Goh, the son of Emeritus Senior Minister Goh Chok Tong, Singapore's former prime minister, to turn Digiland's fortunes around after losses in eight out of the past 10 years. The new CEO also plans to broaden its business as an energy trader to an investor and consultant on oil and gas storage projects for governments, as well as power generation.

"At the end of the day, what do governments grapple with? They need energy and the infrastructure, and to generate power," said Dr Goh, 46, who left a career as a doctor and senior manager of Parkway Holdings, Singapore's biggest owner of private hospitals, in 2011 to enter the oil and gas industry.

The stock closed at 0.1 Singapore cent on Monday, far below the 20 Singapore cents minimum trading price required for shares on the the main board starting next year. Dr Goh said that he plans to consolidate the shares to meet the requirement.

The computer distribution business may also be sold amid the transformation, Dr Goh said, because "the retail tech business is not a space we are keen on".

Digiland expanded into the energy sector at the end of 2013, when it began trading marine gasoil. It forged a partnership with the Maltese government in May to turn Malta into a trading centre for energy products.

The bigger step into the energy sector comes as oil prices drop. Oil capped its steepest weekly loss since March as the International Energy Agency forecast that prices will need to fall further to curb excess supplies.

Dr Goh said that he is not concerned about declining prices because he is not in the oil supply business. Future expansion into energy will tap on Singapore's free trade agreements with countries in Asia and Europe.

Investments in energy storage and power generation are longer-term businesses that may not yield significant profit contributions initially, he said. "They are strategic and important because they enable us to lock in the supply and sale contracts for oil and gas," Dr Goh said. "This is how, for a small company that is starting up, we believe we can compete with the big boys." BLOOMBERG

 

 

 

 

[A_korusawa]

Bo hoh tan meh?

 

News....

 

DIGILAND International, a loss-making computer distributor, wants to accelerate its transformation into an oil and gas company with the appointment of a new chief executive officer last week.

The mainboard-listed company, which is changing its name to New Silkroutes Group Ltd on Tuesday, is aiming to boost its market value to as much as US$150 million within a year to draw fund managers investing in small-cap stocks, CEO Goh Jin Hian said. That is double Digiland's worth at Friday's close.

Shareholders will be looking to Dr Goh, the son of Emeritus Senior Minister Goh Chok Tong, Singapore's former prime minister, to turn Digiland's fortunes around after losses in eight out of the past 10 years. The new CEO also plans to broaden its business as an energy trader to an investor and consultant on oil and gas storage projects for governments, as well as power generation.

"At the end of the day, what do governments grapple with? They need energy and the infrastructure, and to generate power," said Dr Goh, 46, who left a career as a doctor and senior manager of Parkway Holdings, Singapore's biggest owner of private hospitals, in 2011 to enter the oil and gas industry.

The stock closed at 0.1 Singapore cent on Monday, far below the 20 Singapore cents minimum trading price required for shares on the the main board starting next year. Dr Goh said that he plans to consolidate the shares to meet the requirement.

The computer distribution business may also be sold amid the transformation, Dr Goh said, because "the retail tech business is not a space we are keen on".

Digiland expanded into the energy sector at the end of 2013, when it began trading marine gasoil. It forged a partnership with the Maltese government in May to turn Malta into a trading centre for energy products.

The bigger step into the energy sector comes as oil prices drop. Oil capped its steepest weekly loss since March as the International Energy Agency forecast that prices will need to fall further to curb excess supplies.

Dr Goh said that he is not concerned about declining prices because he is not in the oil supply business. Future expansion into energy will tap on Singapore's free trade agreements with countries in Asia and Europe.

Investments in energy storage and power generation are longer-term businesses that may not yield significant profit contributions initially, he said. "They are strategic and important because they enable us to lock in the supply and sale contracts for oil and gas," Dr Goh said. "This is how, for a small company that is starting up, we believe we can compete with the big boys." BLOOMBERG

 

 

 

 

dunno why you brought this up . . . this is a very political driven strategy managed to handle competitions from the 'big players'. i.e. our neighbours....... y'see, they have been copying sillypore's biz models lately, taking advantages from their resource availabilities. however, our brand names are stability, good reservations and strong buffers etc. our islands have since moving from core manufacturings to lubricants/catalyst and now become inventories for apac reserves . . . pioneering the sea markets. . . . & allied with regional trading laws - its inevitable for the strategy...... to be diversified with all other 'energy' resources laid down to afloat teh little red dot.

if you recall, goh (snr) made his name from the o&g industry, so its inevitable to plant his son to 'safeguard' the model he built since medical industry is too subsidural driven and resource-bottled locally .....

in short, this newbie company has a huge backer!

 

Edited July 15, 2015 by A_korusawa

[Adrianli]

Outsourced to Huawei?

 

I'm just guessing. Cos seen Huawei truck before.

 

 

Yes.

[Ake109]

 

Civil servant is bestest...

 

Yup, adamantium rice bowl.

 

You have to be in the corporate world many years and see the job security problems to really appreciate this feature of civil service. Unfortunately most civil servants will never understand cos they wont have experienced it.

 

dunno why you brought this up . . . this is a very political driven strategy managed to handle competitions from the 'big players'. i.e. our neighbours....... y'see, they have been copying sillypore's biz models lately, taking advantages from their resource availabilities. however, our brand names are stability, good reservations and strong buffers etc. our islands have since moving from core manufacturings to lubricants/catalyst and now become inventories for apac reserves . . . pioneering the sea markets. . . . & allied with regional trading laws - its inevitable for the strategy...... to be diversified with all other 'energy' resources laid down to afloat teh little red dot.

if you recall, goh (snr) made his name from the o&g industry, so its inevitable to plant his son to 'safeguard' the model he built since medical industry is too subsidural driven and resource-bottled locally .....

in short, this newbie company has a huge backer!

 

 

So are you saying can hoot Digiland shares? Can can?

[Camrysfa]

bottoming industry ...NOL rumoured put up for sale.

 

4 consecutive years of losses.

 

lost USD 260 mil in 2014.

 

it's logistics arm already sold to Kinetsu.

 

http://www.businesstimes.com.sg/companies-markets/temasek-putting-nol-up-for-sale-wsj

 

[Kangadrool]

Shipping is never a high return business in relative sense. The down cycle is always long while up cycle is very short. To add salt to the wounds, everybody will rush in during the short boom period. And kaboom..... you see bloodsheds when it's down.

 

 

bottoming industry ...NOL rumoured put up for sale.

 

4 consecutive years of losses.

 

lost USD 260 mil in 2014.

 

it's logistics arm already sold to Kinetsu.

 

http://www.businesstimes.com.sg/companies-markets/temasek-putting-nol-up-for-sale-wsj

 

 

[Kusje]

It isn't as simple as that though.

 

Yes, box rates are now dirt low but Maersk proved that a well run company can still make a profit in this environment.

 

http://www.bloomberg.com/news/articles/2015-05-13/maersk-first-quarter-profit-declines-15-as-oil-unit-suffers

 

Granted, they are also better diversified but that actually worked against it as well since one of their bigger divisions is the O&G division.

[Kangadrool]

that is a different kettle of fish.

 

 

 

It isn't as simple as that though.

 

Yes, box rates are now dirt low but Maersk proved that a well run company can still make a profit in this environment.

 

http://www.bloomberg.com/news/articles/2015-05-13/maersk-first-quarter-profit-declines-15-as-oil-unit-suffers

 

Granted, they are also better diversified but that actually worked against it as well since one of their bigger divisions is the O&G division.

 

Edited July 20, 2015 by Kangadrool

[Adrianli]

Shipping is never a high return business in relative sense. The down cycle is always long while up cycle is very short. To add salt to the wounds, everybody will rush in during the short boom period. And kaboom..... you see bloodsheds when it's down.

 

 

 

 

My company's shipping arm is booming now. Building more new vessels. Heard they doing pretty well now.

 

Do agree, down cycle pretty long. They were down a couple years ago. Had to close down operations in HK n Sydney, retrench most staff and relocate to SG. Now they are up while we are down.

Edited July 21, 2015 by Adrianli