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Oceanus major business model restructure
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TraderBen
Supreme |
16-Feb-2021 17:04
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as usual.. standard.. no surprises..
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bicboi
Veteran |
16-Feb-2021 17:01
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never eat abalone thats why no power 
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3DecadesTrader
Veteran |
16-Feb-2021 16:53
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Emerging Stronger Budget 2021 bo power leh. STI ending flat leh. lolllllll | ||||
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turtletrader
Senior |
16-Feb-2021 16:50
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Thank you for the full story. Hopefully today can close 6.8cents and then marching towards 7cents by end of the week.
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CheongArgh
Master |
16-Feb-2021 16:39
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Think today a bit hard la.....
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mondaybluesy
Senior |
16-Feb-2021 16:39
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https://www.straitstimes.com/singapore/budget-2021-new-60m-agri-food-cluster-transformation-fund-to-boost-local-production SINGAPORE - Some $60 million will be set aside for a new fund to help farmers better harness technology in local food production, Deputy Prime Minister Heng Swee Keat said on Tuesday (Feb 16). " Technology is (a) game changer and will open new possibilities. We harnessed technology to overcome our water and land constraints, and will do the same for climate change," he said. The symptoms of climate change include more frequent extreme weather events, which could disrupt global supply chains and threaten global food production. But the use of technology could cushion the agriculture sector from erratic rainfall patterns and climbing temperatures. The new fund, called the Agri-Food Cluster Transformation Fund, will replace the existing Agriculture Productivity Fund, said Mr Heng, who is also the Finance Minister. The Agriculture Productivity Fund is administered by the Singapore Food Agency and was set up in 2014 to help farmers boost yields and increase production capabilities. More details on the new fund will be announced by the Ministry of Sustainability and the Environment (MSE) during the debate on its budget, said Mr Heng.
The Singapore Food Agency is an agency under MSE. In his speech, Mr Heng cited Eco-Ark, a high-tech fish farm off the Changi coast. Eco-Ark is a floating fish farm built by the Aquaculture Centre of Excellence with funding support from the Agriculture Productivity Fund. " With advanced aquaculture technologies, Eco-Ark is able to produce 20 times more output than the average in coastal fish farms. This improves our food resilience, as part of the 30-by-30 goal," Mr Heng said.
This 30-by-30 goal refers to Singapore' s target to produce 30 per cent of its nutritional needs through locally farmed food by 2030 - up from less than 10 per cent today. The offshore farm, with a total capacity of 96 tonnes, is able to produce 166 tonnes of fish a year - about 20 times more than the minimum level set for coastal fish farms in Singapore. Unlike a typical kelong where fish are reared in open net cage farming systems exposed to the open sea, the fish in the Eco-Ark swim in tanks isolated from the currents. This means the fish - which include species such as barramundi, red snapper fingerlings and groupers - are safe from threats that those reared in kelongs are vulnerable to. These include oil spill incidents as well as plankton blooms, which caused massive fish deaths in 2014 and 2015 due to the depletion of oxygen in the water. Noting that sustainability is a journey, not a destination, and that technology would advance over time, Mr Heng said: " Costs and benefits of projects will change, as climate cost is factored in and as technology advances. " We must continue to stay open and adaptive, and carefully balance our development objectives with sustainability considerations." |
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turtletrader
Senior |
16-Feb-2021 16:31
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One point as highlighted by Finance Minister Heng is " eco ark" concept which is a new offshore fish farm able to produce 20 times more output thank the average in coastal fish farms. Interesting to find out the company owns this " eco ark" .. Extract of Budget 2021 speech by DPM HSK:- " He added that a promising story of innovation is the Aquaculture Centre of Excellence, which has patented an &ldquo eco ark&rdquo - a new offshore fish farm able to produce 20 times more output than the average in coastal fish farms. This improves Singapore&rsquo s food resilience as part of the 30-by-30 goal (30 per cent of home-grown food by 2030). |
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ckmpd1
Supreme |
16-Feb-2021 16:30
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 Good support for Agri Food. Augurs well for Oceanus and other similar industries. 8 cents by friday?
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3DecadesTrader
Veteran |
16-Feb-2021 16:26
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Ah Heng jjust mentioned SGD60million set aside for food agri. | ||||
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Mk8080
Senior |
16-Feb-2021 16:08
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Hope last 1 hr can break 69 | ||||
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xKaiseRx
Veteran |
16-Feb-2021 15:48
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got oceanus in budget??? | ||||
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internityz
Member |
16-Feb-2021 15:44
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lai liao. HUAT AH | ||||
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josephsteph
Member |
16-Feb-2021 14:34
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True.. Didn' t think of that... Distribution networks through online channels and supermarkets in place already... Well positioned to take advantage! Yes... the real big players not even in the picture yet.
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Lutjanus
Member |
16-Feb-2021 14:16
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This year many Lim chu Kang land going to be collected back by govt... let' s hope Oceanus will be leased some land for development | ||||
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mondaybluesy
Senior |
16-Feb-2021 14:04
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Oceanus is very strategically positioned to be a part of Singapore' s solution to the 30x30 plan. We have both the agricultural infrastructure and distribution channels in place. Food sustainability involves not just the food source, but ensuring its reach through the supply chain to the population as well. Add to that, Oceanus has pivoted into Deep Tech in relation to food security. New projects such as the indoor prawn breeding and Aquapolis are all in the pipeline. This will ensure we are able to meet the food production and requirements of Singapore. This is easily one of the most logical investment bets for the next 3-5 years. Best part: We only just begun! The FIs cannot enter as of yet as Oceanus is still on the watchlist. I took up multiple positions so as to benefit from the gold rush when they do.
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DexterT
Veteran |
16-Feb-2021 13:50
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Why do I have a feeling that the Aquapolis project by Oceanus might happen? Once we are out of SGX watchlist, we could possibly get big fundings.
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Whistler
Member |
16-Feb-2021 13:41
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Oh great! Eagerly awaiting for this to happen .... shortly.
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DRTL20
Member |
16-Feb-2021 13:29
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The 30 X 30 plan is part of green plan to be announce by future PM HSK today https://www.greenplan.gov.sg/key-focus-areas/resilient-future/ SG wants to " produce 30% of our nutritional needs by 2030 locally" . Already announced: SFA is establishing a $30 million &ldquo 30x30 Express&rdquo grant to support the agri-food industry to ramp up local production in eggs, leafy vegetables, and fish in the shortest possible time. These are food items that are commonly consumed in Singapore, and which Singapore already has capabilities to produce locally. The grant will accelerate our move to meet our &ldquo 30x30&rdquo goal. Full document here: https://www.sfa.gov.sg/docs/default-source/default-document-library/sfa-mewr-joint-media-release_30x30-express.pdf |
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josephsteph
Member |
16-Feb-2021 13:08
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with or without the budget speech I think it' s a no-brainer to hold this stock really. the speech is just an affirmation that the government is going in agri-tech (ie. Oceanus) direction... which all of us in this thread already know. for those who didn' t believe and chose to sit on the sidelines they already lost out on a large chunk of upside in the past. for those who still don' t believe today, they will lose even more upside in the coming days and months. anyway the facts are clear as day to me and it' s a definite HOLD for me. | ||||
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AwakenTide
Veteran |
16-Feb-2021 11:16
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Yes, I am supporting 100k to add
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