Hey Jack, Please do your research first before arguing on "considering that sg is shifting from oil to natural gas.
the figure is therefore a poor indicator."

This is from the Energy Market Authority. "Today, about 80% of Singapore's electricity demand is generated from natural gas" http://www.ema.gov.sg/gas/history.php

Care to respond to that? Your argument on that they "need" to spend their $1B profits on infrastructure so as to shift from oil to gas is FUNDAMENTALLY Flawed when 80% of our electricity is ALREADY generated by natural gas. Please don't tell me that price of natural gas is same as oil. Just because they are both from underground doesn't mean they both costs the same. Don't argue just for the sake of arguing and trying to appear smart to the people who are ignorant on such facts. You just appear to be an empty barrel to me. Arguing on the "Need" to spend on infrastructure when the money was ALREADY SPENT years ago. I'm having my exams now, no time to go thru their financial reports. Will respond to your argument on the sale of fixed assets contributing to the bulk of the after sale profits after 10th nov.

Btw, I'm accounting trained. I wondered whether are you trained in that area too? Do you know the accounting policies regarding sale of fixed assets and how to profits are treated? If not too sure, then please don't sprout your nonsense here after reading from some other website and give a disclaimer like "IF I'm not wrong". I know you're not writing your thesis here but please at least back it up with some evidence or materials.

And lastly, don't get me started on the dividends issue. If I have the money, I would definitely buy lots of Singapore Power shares. I strongly believe that the energies market should be nationalized by the government and not be left to the abuse of the free markets. Didn't Alan Greenspan, the previous FED Reserve chief testify in the US congress on why he was shocked that the free market principle isn't working? Now, let us not forget the lessons learned by the Americans on the ENRON debacle. Seriously Jack, have you even heard of Enron and the whole issue surrounding it? I can recommend you a good film so that you can gain more knowledge before sprouting nonsense here. You're the one who is myopic in view and yet had the cheek to tell others not too. Anyway, enuf of the negative response to your posts. Here's the name of the film. "Enron: The Smartest Guys in the Room". Just watch the trailers on Youtube and you'll get a rough picture of it.

Please feel free to counter my views and points. I look forward to it.