Singapore Press Holdings (SPH)

(05-09-2019, 08:59 AM)pencilin Wrote: SPH is not a normal public company. It's a company run by gov appointed officials.
Similar to NOL's failure, people tend to push the blame to gov

It's not early to talk about bailout. SPH's business is in serious decline.

There are shareholders and there are shareholders.
Some of them also blame the govt for the failure of Hyflux.
That won't move the govt a needle.

(05-09-2019, 11:43 AM)Shiyi Wrote:

(05-09-2019, 08:59 AM)pencilin Wrote: SPH is not a normal public company. It's a company run by gov appointed officials.
Similar to NOL's failure, people tend to push the blame to gov

It's not early to talk about bailout. SPH's business is in serious decline.

There are shareholders and there are shareholders.
Some of them also blame the govt for the failure of Hyflux.
That won't move the govt a needle.

Monitoring what the G does in the Stock market, same as monitoring what Smart Money does, must always remember the saying,  don't get caught with,

“What the wise do in the beginning, fools do in the end.”

So will i buy SPH in future?

Honestly i don't know, now.

i think at one time the G must be thinking NOL was our "National Shipping Line". Or my own wishy, washy thoughts only (Just like can we lose Natioanal Airline - SIA)

In time of World's Chaos, who will import anything to Singapore by sea?

Can anyone enlighten why NOL was sacrificed?

Why G don't pump in more money which they had done a few times.

Can SIA or SIA Enginneering sacrifice one day too?

(05-09-2019, 04:04 PM)Temperament Wrote: i think at one time the G must be thinking NOL was our "National Shipping Line". Or my own wishy, washy thoughts only (Just like can we lose Natioanal Airline - SIA)

In time of World's Chaos, who will import anything to Singapore by sea?

Can anyone enlighten why NOL was sacrificed?

Why G don't pump in more money which they had done a few times.

Can SIA or SIA Enginneering sacrifice one day too?

Make no mistakes 😂
No complaint !  

Made some serious money on NOL when i started in 1988 and the years that followed closely

So what is the moral of the story?

Make money, thank who?

Lose money blame who?

Shalom.

Temperament
I try to answer your question

IMHO, G sold NOL to CMA CGM out of strategic reason
During that period, Klang port tranship volume was rising very fast. It threaten S'pore position as regional shipping hub

So, it may be necessary to sacrifice NOL, in exchange for CMA to setup regional hub here. (You can google it)
After NOL was sold, PSA volume did increase. Westport holding (listed co of Port Klang) container volume fell 7%
It was a successful move

2 major Shipping alliance
Ocean Alliance - CMA CGM, Evergreen and Cosco
2M - Maersk & MSC

The problem now is we do not know how loyal CMA is

2M is already based in Johor (Tg Pelepas)
OA I think is in S'pore. BUT, Cosco belong to China G. They could shift to Melaka, and CMA may follow (I don't know, but I think they would)

CMA CGM has a terminal JV with PSA. Furthermore, they have moved their Asia HQ from HK to Singapore. They should be in Singapore for the foreseeable future.

Sent from my CPH1917 using Tapatalk

(06-09-2019, 10:22 AM)pencilin Wrote: 2 major Shipping alliance
Ocean Alliance - CMA CGM, Evergreen and Cosco
2M - Maersk & MSC

The problem now is we do not know how loyal CMA is

2M is already based in Johor (Tg Pelepas)
OA I think is in S'pore. BUT, Cosco belong to China G. They could shift to Melaka, and CMA may follow (I don't know, but I think they would)

There is a 3rd one: The Alliance... which honestly is what is left over

https://www.xeneta.com/blog/shipping-alliances

(06-09-2019, 10:18 AM)pencilin Wrote: Temperament
I try to answer your question

IMHO, G sold NOL to CMA CGM out of strategic reason
During that period, Klang port tranship volume was rising very fast. It threaten S'pore position as regional shipping hub

So, it may be necessary to sacrifice NOL, in exchange for CMA to setup regional hub here. (You can google it)
After NOL was sold, PSA volume did increase. Westport holding (listed co of Port Klang) container volume fell 7%
It was a successful move

^^Adding to what Squirrel mentioned in another thread, this is one of your better post with insights. Interesting angle.

(06-09-2019, 12:15 PM)vingaard Wrote: CMA CGM has a terminal JV with PSA. Furthermore, they have moved their Asia HQ from HK to Singapore. They should be in Singapore for the foreseeable future.

Sent from my CPH1917 using Tapatalk

CMA was actively transhipping in Klang, even when their HQ was in HK. So they could still base their HQ in S'pore, but shift their cargo away
The culprit is China-Malaysia port alliance (pls see news below). With port alliance, China-bound shipment would clear customs quicker, saving shipper's time

Unless CMA is willing to forgo China pie, I see no reason they would stay.
Or, unless China also sign Port alliance with PSA. Then let their billion investment in Melaka port go to waste, and become mockery of Western media.


https://www.scmp.com/news/asia/southeast...ce-customs

China, Malaysia tout new ‘port alliance’ to reduce customs bottlenecks and boost trade


Amy Chew  
Published: 3:30pm, 9 Apr, 2016
Updated: 2:54pm, 20 Jul, 2018



Malaysia’s Tanjung Pelepas Port in the southern state of Johor. Photo: Reuters
China’s 21st century Maritime Silk Road is just one element in Beijing’s drive to spread its trade ties and influence globally and Malaysia has become a major partner in this expansion.
As part of this Silk Road reboot, the two countries are forming a “port alliance” to fast-track trade by reducing customs bottlenecks at both ends, according to China’s top envoy to Malaysia, Huang Huikang.
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“The port alliance will serve not only as a maritime network between the two countries, but also the bond of trade and business and tourism,” Huang told the South China Morning Post.

Malacca was an important port during the ancient Silk Road, playing host to Chinese navigator Zheng He in the 15th century, and is set to rise again as Beijing invests US$10 billion to develop a deep sea port there, according to Malaysian Transport Minister Liow Tiong Lai.
The port is expected to be the biggest in the region when it is completed in 2025 under the Malacca Gateway project which includes commercial and residential property developments.
As a sign of Malacca’s importance, Chinese Premier Li Keqiang squeezed several hours out of his tight schedule during last November’s Asean Summit in Kuala Lumpur to visit the city.
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“China regards the Strait of Malacca as highly sensitive and critical as Chinese shipping interest is vulnerable to disruption by unfriendly parties in times of conflict. Thus, securing a foothold in the Strait of Malacca will be a major strategic achievement for China,” says Tang Siew Mun, senior fellow at the Institute of Southeast Asian Studies Yusof Ishak Institute.
Under the port alliance, 10 Chinese ports – Dalian, Shanghai, Ningbo, Qinzhou, Guangzhou, Fuzhou, Xiamen, Shezhen, Hainan and Taicang will collaborate with six Malaysian ports – Port Klang, Malacca, Penang, Johor, Kuantan and Bintulu.
[Image: a8063a20-fe02-11e5-b0dd-7b74aaaf255c_486...k=-O8tyZoQ]
A ship leaving port in Georgetown, Penang. Photo: AFP
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“All the ports under the port alliance are for commercial purposes,” Liow told the Post.
He said details of the port alliance are currently being thrashed out and he expects the final version to be ready in about six months.
“We are working on the details, we are working in many areas ... technology transfer, human capacity building, training of manpower from both countries. China is advanced in their port technology, in freight forwarding, container transfers ... We are looking at the bottlenecks of our customs and bottlenecks of China’s custom,” added Liow.
According to Alexious Lee, head of industrial research China, at Credit Lyonnais, Beijing is pouring large sums of money into the Malacca port because it “expects it to make money”.
“When a venture is commercially viable, it is easy to get approval from with the Silk Fund or the Asian Infrastructure Investment Bank (AIIB),” he said.

According to Huang, many Chinese companies favour Malaysia.
“Due to Malaysia’s strong competitiveness and business-friendly environment, more and more Chinese enterprises regard Malaysia as one of the best investment destinations in Southeast Asia,” he said.
“In 2015, the non-financial direct investment from China to Malaysia reached US$410 million, growing by 237 per cent,” said Huang. In the past six months, China has bought two multibillion-dollar strategic assets from Malaysia’s debt-laden state-owned investment firm, 1Malaysia Development Berhad (IMDB), effectively rescuing beleaguered Prime Minister Najib Razak who chairs the firm’s advisory board.
Allegations of corruption and mismanagement at 1MDB has led to calls for Najib’s resignation. Najib has denied any wrongdoing and the attorney general cleared him of all accusations.
China General Nuclear Power Group, a Chinese state-owned enterprise, paid US$2.3 billion to acquire 1MDB’s Edra Global Energy Bhd last November.
Edra is the country’s second largest power producer, giving China a major foothold in the energy sector.
[Image: f8031b78-fe08-11e5-b0dd-7b74aaaf255c_486...k=UJKajNOa]
A China Railway High-Speed train at Haikou Railway Station, Hainan. Photo: Xinhua
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In December, China Railway Construction teamed up with Malaysian Iskandar Waterfront Holdings to buy a 60 per cent stake in 1MDB’s property project known as Bandar Malaysia for US$1.7 billion.
Bandar Malaysia is a mixed-property project on a 197-hectare site. The development will also host terminals for a planned Singapore-Kuala Lumpur high-speed rail link.
Many analysts say China is now in pole position to win the bid for the high speed railway.
Huang was coy when asked about China’s chances.
“With the full support of [the] Chinese government, a sole Chinese consortium is established to actively participate in the bid for Kuala Lumpur-Singapore high speed railway.
“China enjoys the largest, fastest, most advanced and best managed high speed railway network worldwide. China’s 308km-long Hainan high speed railway is the only one of its kind in the tropical zone. It has been running safely for five years under similar climate and geological conditions to the Kuala Lumpur-Singapore line.

In short, I think G has a hard time to explain the 1000 episode Taiwanese drama situation.
NOL was a forced move, I feel.