Kim Eng Holdings

[millionairemind]

November 6, 2008, 8.02 pm (Singapore time)

Kim Eng's Q3 net profit plunges 93% on financial crisis

By ANGELA TAN

Kim Eng Holdings Limited on Thursday reported net profit for the third quarter ended September 30, 2008 plunged 93 per cent to S$2.23 million compared to S$31.40 million a year ago.

Earnings per share was at 0.38 cents compared to 5.35 cents a year ago.

Group operating income dropped to S$69.4 million in 3Q08 as trading volumes in Asian stock markets plunged amid the global financial turmoil.

Accordingly, total expenses for 3Q08 dropped by 49 per cent mainly due to a lower commission expenses (which are part of other operating expenses); and lower employee compensation costs.

The group also suffered a loss of S$13.2 million from the marked-to-market of financial assets held.

Total income fell 59 per cent to S$60.59 million.

The group's business performance in coming reporting periods will largely depend on whether market conditions improve.

[puntmaster]

The new Kim Eng internet trading platform has been out of action for more than a week.

What is the point of introducing a new platform when it can't even work? Pathetic !

[millionairemind]

The new Kim Eng internet trading platform has been out of action for more than a week.

What is the point of introducing a new platform when it can't even work? Pathetic !

Alot of these platforms are at times inherently unstable... if you use Phillips, you will understand what I mean

That is Y I have separate trading account opened with 2 different brokerages tied to the same CDP account no., just in case one of the platform fails.

But on the other hand, if it is SGX who screwed up.. then all contingency planning is useless

[millionairemind]

November 5, 2009, 6.06 pm (Singapore time)

Kim Eng's Q3 surges as stock markets rebound

By ANGELA TAN

Kim Eng Holdings Ltd on Thursday reported net profit for the third quarter to end September surged to S$32.98 million from S$2.23 million a year ago as stock markets rebounded.

Earnings per share stood at 5.72 cents compared to 0.38 cents a year ago.

Total income for the period grew 119 per cent to S$132.70 million, largely generated by commissions and trading.

'The increase in group operating income was mainly due to market volume increases in Singapore and Thailand stock markets in 3Q09,' Kim Eng said.

On its outlook, Kim Eng said it continues to see further signs of recovery in the global economy but remain cautious as to the outlook for the markets in the next year.

[kennynah]

i wonder if the are regulations against such brokerages from taking positions? it seems that if they could, it is a direct conflict of interests with their clients...

random thoughts....cos, i dont care much anyways...

[millionairemind]

i wonder if the are regulations against such brokerages from taking positions? it seems that if they could, it is a direct conflict of interests with their clients...

random thoughts....cos, i dont care much anyways...

Many of them have in house traders who are supposed to "PUSH" certain shares...

[kennynah]

so...if they "push" those shares to retail customers...and they have been accumulating earlier to dump ... then, isn't this unethical ...and i would expect MAS to know better to prevent such unfair business conduct??

again.. i am just bored....talking cock here.... just as my signature suggests...wahahahaha...

[bulltick]

KE.png

I notice brokerages like Kim Eng & UOB KayH have been trending down very sharply since late Apr/early May, even for today when STI is up 1.7%.
Any brokers/dealers here who know the reasons? World cup effect?
They seemed to be the first batch of counters to begin the uptrend last year. Wondering if they will lead the STI decline this time round...

[winston]

Not vested

Kim Eng receives offers to buy company shares
By ANGELA TAN

Kim Eng Holdings Limited said on Friday that it has received approaches from potential interested parties looking to buy shares in the company.

'However, this may or may not lead to a general offer being made for the company,' the local brokerage said.

It said there is no assurance that any definitive or binding agreement will result from these discussions.

Kim Eng, which was responding to queries from the Singapore Exchange after a spike in its share price, said from time to time, it is approached by and engages with various parties in discussions to pursue business opportunities or concerning the strategic direction, with a view to maximizing value for all shareholders.


Source: Business Times

[winston]

Not vested

KIM ENG SECURITIES - Singapore stock broker Kim Eng Securities has requested for a trading halt on its shares, it said on Thursday.

It said in December it had been approached by "potential interested parties" for a stake purchase in the firm, but did not name the potential buyers.


Source: Reuters