AP Oil

(27-02-2014, 11:57 AM)zz... Wrote: http://infopub.sgx.com/FileOpen/ApOilNot...eID=110512

some old news (2009)

Ho Leng Woon was fined $150,000 while Ang Luck Seh was fined $80,000 for offences under the Securities and Futures Act. -- ST PHOTO: WONG KWAI CHOW

TWO directors of AP Oil International, were fined on Monday for offences under the Securities and Futures Act.

Ho Leng Woon, 61, the chairman and managing director, was fined $150,000 for making a misleading statement in an announcement to the Singapore Exchange on Nov 2, 2004.

AP Oil's then executive director Ang Luck Seh, also 61, was fined $80,000 after he admitted to insider trading relating to the purchase of 85,000 company shares then amounting to about $26,000 on Oct 5 that year.

The misleading statements involved iron ore sales and purchase agreements with a Thai company and the corresponding sale of iron ore fines to a Chinese company.

AP Oil signed two iron ore trading contracts potentially worth a total of more than US$700 million (S$974 million) on Sept 24, 2004, but this was not disclosed immediately to the SGX.

On Nov 2 that year, a sharp increase in the trading volume of AP Oil shares prompted an SGX query. AP Oil made the disclosure only 16 days later, on Nov 18.

Ho had two charges and Ang had another charge considered during their sentencing. Both men could each have been fined up to $250,000 or jailed for up to seven years or to both.

thanks for highlighting this story and dirty management
looks like managers who pay themselves too much are detrimental to the company...
but i will buy a small share once the share price goes down and net cash hit much higher levels..

Is anyone able to interpret what this video (foreign language) says about AP Oil? Is it the same Singapore Listed 'AP Oil'??

Special Story On AP Oil Fed Corruption
http://www.youtube.com/watch?v=rAaeWP4c-Yw

Would sincerely appreciate if anyone can help out. Thanks!

(10-07-2014, 09:32 PM)investright Wrote: Is anyone able to interpret what this video (foreign language) says about AP Oil? Is it the same Singapore Listed 'AP Oil'??

Special Story On AP Oil Fed Corruption
http://www.youtube.com/watch?v=rAaeWP4c-Yw

Would sincerely appreciate if anyone can help out. Thanks!

@ investright

It's a different co. The news channel (Mahaa, from India) is featuring an Indian company called AP Oilfed. They looks like a palm oil co. The logo on the news match the website too.

http://115.119.42.39/english.html

(11-07-2014, 09:28 AM)namralk Wrote:

(10-07-2014, 09:32 PM)investright Wrote: Is anyone able to interpret what this video (foreign language) says about AP Oil? Is it the same Singapore Listed 'AP Oil'??

Special Story On AP Oil Fed Corruption
http://www.youtube.com/watch?v=rAaeWP4c-Yw

Would sincerely appreciate if anyone can help out. Thanks!

@ investright

It's a different co. The news channel (Mahaa, from India) is featuring an Indian company called AP Oilfed. They looks like a palm oil co. The logo on the news match the website too.

http://115.119.42.39/english.html

Hi Namralk, thanks for the reply!

Hi all, any opinions about how the recent oil price rout will affect the business of lubricants and specialty chemical companies like AP Oil?

My take is that it won't be good for companies who kept huge stock bought at high prices in the short run. However, if low oil prices are sustained at an extended period of time, overall it'll be advantageous for these companies in the longer term due to reduced cost. Of course, reduced cost may just lead to competitive pricing in their products which at worst, may neutralize any benefits from lower costs.

AP Oil has kept its stock relatively low and with its more than 30 years of experience and track record in this industry, I believe it will at least maintain its current strong bottom line results for the coming years. What do you think?

(08-12-2014, 11:37 AM)secretinvestors Wrote: Hi all, any opinions about how the recent oil price rout will affect the business of lubricants and specialty chemical companies like AP Oil?

My take is that it won't be good for companies who kept huge stock bought at high prices in the short run. However, if low oil prices are sustained at an extended period of time, overall it'll be advantageous for these companies in the longer term due to reduced cost. Of course, reduced cost may just lead to competitive pricing in their products which at worst, may neutralize any benefits from lower costs.

AP Oil has kept its stock relatively low and with its more than 30 years of experience and track record in this industry, I believe it will at least maintain its current strong bottom line results for the coming years. What do you think?

If oil is the company's major cost item or main ingredient of its manufactured product, so when price of oil tumbled significantly, selling profit will also fall because profit is X% of product cost.

(08-12-2014, 12:37 PM)chongsk Wrote:

(08-12-2014, 11:37 AM)secretinvestors Wrote: Hi all, any opinions about how the recent oil price rout will affect the business of lubricants and specialty chemical companies like AP Oil?

My take is that it won't be good for companies who kept huge stock bought at high prices in the short run. However, if low oil prices are sustained at an extended period of time, overall it'll be advantageous for these companies in the longer term due to reduced cost. Of course, reduced cost may just lead to competitive pricing in their products which at worst, may neutralize any benefits from lower costs.

AP Oil has kept its stock relatively low and with its more than 30 years of experience and track record in this industry, I believe it will at least maintain its current strong bottom line results for the coming years. What do you think?

If oil is the company's major cost item or main ingredient of its manufactured product, so when price of oil tumbled significantly, selling profit will also fall because profit is X% of product cost.

It all depends, Trading income may take a dip as they normally stop trading when price is volatile.
As for their products, they tend to favor lower oil prices to they have bigger selling margins.
Think overall the lower oil price will have a slightly positive effect on results if they have been able to manage their inventory properly (not too much stock).

(08-12-2014, 08:28 PM)rstopel Wrote:

(08-12-2014, 12:37 PM)chongsk Wrote:

(08-12-2014, 11:37 AM)secretinvestors Wrote: Hi all, any opinions about how the recent oil price rout will affect the business of lubricants and specialty chemical companies like AP Oil?

My take is that it won't be good for companies who kept huge stock bought at high prices in the short run. However, if low oil prices are sustained at an extended period of time, overall it'll be advantageous for these companies in the longer term due to reduced cost. Of course, reduced cost may just lead to competitive pricing in their products which at worst, may neutralize any benefits from lower costs.

AP Oil has kept its stock relatively low and with its more than 30 years of experience and track record in this industry, I believe it will at least maintain its current strong bottom line results for the coming years. What do you think?

If oil is the company's major cost item or main ingredient of its manufactured product, so when price of oil tumbled significantly, selling profit will also fall because profit is X% of product cost.

It all depends, Trading income may take a dip as they normally stop trading when price is volatile.
As for their products, they tend to favor lower oil prices to they have bigger selling margins.
Think overall the lower oil price will have a slightly positive effect on results if they have been able to manage their inventory properly (not too much stock).

Hi rstopel, thanks for the insight. Agreed with you that their manufacturing/products segment should see some slightly positive effect in the longer term on results if management is able to manage their inventory properly. As i understand, the trading segment typically contributes more to sales revenue but probably the impact towards the bottom line won't be as great due to lower margins for that segment.

this may be relevant to AP oil's case

http://www.livemint.com/Money/FZ2lv9m7Iw...um=twitter