Money Sense


Tuesday, November 27, 2007

Tuesday, November 20, 2007

Explore Hidden Gems




Now is the time to explore hidden gems and mould them into diamonds... Thats my hint...

Monday, November 19, 2007

Saturday, November 17, 2007

Sunday, November 11, 2007

My Weekend Thoughts

My thoughts for the coming weeks ahead...

1. Inflation

In economics, you will know that inflation is normal and good for the economy.

2. Oil surge

Oil surge means that the demand is there, industries are powering at full force.

3. Credit Risk

Credit crunch, the whole world is affected by it since July. Market had started adjusting since then.

4. Overvalued Stocks

Stocks are at reasonable PER of 15.

5. Devalued US Dollar

Devalued USD not good for americans, but beneficial to asians.

6. Rowsley (Local news)

The cancellation of the solar deal is a big surprise for the market. Rowsley has been in big rally because of the deal. Still remembered Peter Lim brought Ma during the press conference to impress us that the deal could work out. The net profit reported from the sale of Eagle will not be able to offset the bad news. Now the real danger comes when Peter Lim sells all his stake in Rowsley. He subscribed to the placement at very dirt cheap price. This will be another Centillion in the making. Better avoid.

Reuters Business Week

Wednesday, November 7, 2007

Tuesday, November 6, 2007

10 Minute Market Digest

Asian stocks close mostly higher but doubts remain
ASIAN stocks closed mostly higher on Tuesday with bargain hunters supporting a minor rally late in the day, but gains were less than convincing amid doubts over the US economy.
Most benchmarks suffered early losses with falls on Wall Street and persistent fears over the impact of the US subprime crisis on the broader international economy hurting sentiment.

Japanese share prices closed slightly lower on Tuesday, giving up early gains amid ongoing concerns about the fallout from the US subprime loan crisis, dealers said.
The Tokyo Stock Exchange's benchmark Nikkei-225 index dropped 19.29 points or 0.12 per cent to 16,249.63.
Chinese share prices closed mixed on Tuesday, with index heavyweight PetroChina tumbling nearly 10 percent to drag down the key Shanghai bourse 1.74 per cent, dealers said.
Hong Kong share prices closed higher on Tuesday, up 1.71 per cent, after an erratic session as property stocks drew bargain-hunting interest after losses over the past few days.
Malaysian share prices closed 0.30 per cent higher as investors returned to seek out bargains and pushed the benchmark index into positive territory.

More write-downs for S'pore banks to come: JP Morgan
'IT AINT over yet', warn JP Morgan banking analysts. In a new research note bearing this gloomy title, Mr Harsh Wardhan Modi and Mr Sunil Garg anticipate that Singapore's three local banks will have to make further provisions for the plummeting value of their debt instruments in coming months.
These instruments, collateralised debt obligations (CDOs), are packaged from sub-prime, or risky, mortgages in the United States - which sparked the global credit crunch.
Mr Wardham and Mr Garg said that the prices of asset-backed CDOs have slumped about 50 per cent since the end of the last quarter.
And the continued appreciation of the Singapore dollar may add to losses reported by local banks for the market value of US-dollar denominated CDOs.


Chinese oil companies promise more fuel amid shortages
CHINA'S two main oil companies have promised to step up diesel production, the government said Tuesday, following two weeks of shortages blamed on price controls that have disrupted trucking and caused long lines at filling stations.
The government raised diesel and gasoline prices by about 10 per cent last week to curb demand at a time when refiners say they are losing money due to controls that block them from passing on record-high crude costs to consumers. Some refiners have responded by suspending production, leading to rationing, especially in China's fast-growing south.

M'sian firm buys into S$776m Saudi port project
MALAYSIAN conglomerate MMC Corporation has signed a deal to take part in a joint venture project to develop a US$535 million (S$776 million) container terminal at Jeddah port in Saudi Arabia.
MMC said in a statement late Monday it will pay a nominal sum of US$2 to acquire City Island Holdings, which has a 20 per cent stake in the project.
The Saudi partners are Saudi Industrial Services Company, Xenel Industries Limited and Saudi Trade and Export Development Company, who collectively hold the other 80 per cent interest.

6th November Quick Updates

In view of the current market, I have decided to open a limited amount of position.


Today's buy:
1. Baker Tech buy at $0.39, high at $0.40, +2.5%
2. BBR buy at $0.10, high at $0.105, +5%
3. Abterra buy at $0.125, high at $0.13, +4%

Monday, November 5, 2007

10 Minute Market Digest

S'pore's China shares suffers fallout from HK's selldown
ASIAN bourses took a beating on Monday, as Hong Kong registered its biggest single one-day loss, after China decided to freeze a proposal to allow its citizens to buy Hong Kong shares directly.
What spooked sentiment were the four conditions put forward by Chinese Premier Wen Jiabao for the approval of the scheme to allow mainland citizens to buy Hong Kong shares which were so open-ended that it effectively put a freeze on the proposal.
This led to a furious selldown in Hong Kong by fund managers who have pushed up the Hang Seng Index by almost 55 per cent since mid-August, with their heavy purchases of H-shares - shares of China firms listed in Hong Kong - after the scheme was announced.

Citigroup CEO quits, bank sees US$11 billion write-off
CHARLES Prince resigned on Sunday as chairman and chief executive of Citigroup Inc, and the bank said it may suffer an US$11 billion (S$16 billion) write-down for subprime losses.
Robert Rubin, the former US Treasury Secretary, was named chairman, while Sir Win Bischoff, who runs Citigroup's European operations, was named acting chief executive.

SembCorp FX losses put hedging in spotlight
FOREIGN exchange losses by rig builders SembCorp Marine and Labroy Marine have put the spotlight on hedging practices and raised questions as to whether Singapore companies are adequately protected against a falling US dollar.
SembMarine, the world's second-largest builder of offshore oil rigs, said last week $220 million had been lost due to alleged unauthorised trades by its former finance chief. It has denied liability for the losses.
Labroy said its unrealised losses of S$209 million stemmed from contracts to sell euros and buy dollars after clinching a 284 million euro contract in March to build two vessels.

Chinese inflation to gather steam again
CHINA is far from winning its battle against inflation and prices may resume their rapid climb in coming months after a brief respite, two separate research reports said on Monday.
China's annual consumer price inflation in 2008 could leap to 7.3 per cent, its highest level in more than a decade, from 4.7 per cent this year, a Tsinghua University economic think-tank said in remarks published on Monday.

5th November Quick Updates

5th November list:
1. China XLX, buy at $1.26, sold at $1.29, +2.38%
2. Rotary buy at $1.43, sold at $1.47, +2.79%
3. Baker Tech buy at $0.39, sold at $0.41, +5.12%
- Baker Tech added $0.405 sold at $0.41, +1.23%
4. Tiong Woon buy at $1.08, sold at $1.04, -3.7%

(Hit support, trigger sell)

2nd November list:
1. Yanlord buy at $3.88, sold at $3.96, +2.06%

1st November list:
1. Federal buy at $0.815, sold at $0.855, +4.9%
2. Biosensors buy at $0.74, sold at $0.99, +33.78%

31st October list:
No trades done.

30th October list:
1. KSH buy at $1.09, sold at $1.13, +3.66%
2. Orient Cent buy at $0.91, sold at $0.96, +5.49%
3. StamfordLd buy at $0.61, sold at $0.62, +1.63%
4. SpRe buy at $0.36, sold at $0.375, +4.16%
5. Chartered buy at $1.11, sold at $1.13, +1.8%
6. Hiap Seng buy at $0.795, sold at $0.795, +/-0%
7. SNF Corp buy at $0.22, sold at $0.265, +20.45%
8. C2O buy at $0.71, sold at $0.76, +7.04%
9. Guocoland buy at $5.50, sold at $5.75, +4.54%
10. Sino Techfibre buy at $1.35, sold at $1.42, +5.18%

29th October list:
1. Kyoda-All, buy at $2.35, sold at $2.16, -8.08%

18th October list:
1. Poh Tiong Choon buy at $0.28, sold at $0.31, +10.71%

Sunday, November 4, 2007

Weekend Updates

2nd November list:
1. China XLX, buy at $1.26, high at $1.28, +1.58%
($1.14 seems like a good support.)
2. Rotary buy at $1.43, high at $1.46, +2.09%
(Rotary put on alert mode, prepare to sell.)
3. Baker Tech buy at $0.39, high at $0.42, +7.69%
- Baker Tech added $0.405
4. Tiong Woon buy at $1.08, high at $1.06, -1.85%
(Tiong Woon expecting pullback. $1.04 possible support? Hmm..)
5. Yanlord buy at $3.88, sold at $3.96, +2.06%



1st November list:
1. Federal buy at $0.815, sold at $0.855, +4.9%
(Decided to sold. Ready for a pullback. )
2. Biosensors buy at $0.74, sold at $0.99, +33.78%
(Decided to sell at $0.99 since all other indicators showing overbought region.)



31st October list:
No trades done.



30th October list:
1. KSH buy at $1.09, sold at $1.13, +3.66%
2. Orient Cent buy at $0.91, sold at $0.96, +5.49%
3. StamfordLd buy at $0.61, sold at $0.62, +1.63%
4. SpRe buy at $0.36, sold at $0.375, +4.16%
5. Chartered buy at $1.11, sold at $1.13, +1.8%
6. Hiap Seng buy at $0.795, sold at $0.795, +/-0%
7. SNF Corp buy at $0.22, sold at $0.265, +20.45%
(SNF Corp took profit too early, if hold to 31st October, selling price would be $0.32 !)
8. C2O buy at $0.71, sold at $0.76, +7.04%
9. Guocoland buy at $5.50, sold at $5.75, +4.54% (Exceed sell price)
10. Sino Techfibre buy at $1.35, sold at $1.42, +5.18%



29th October list:
1. Kyoda-All, buy at $2.35, sold at $2.16, -8.08% cut loss triggered!

18th October list:
1. Poh Tiong Choon buy at $0.28, sold at $0.31, +10.71%

Saturday, November 3, 2007

Friday, November 2, 2007

2nd November Quick Updates

2nd November list:
1. China XLX, buy at $1.26, high at $1.28, +1.58%
($1.14 seems like a good support.)
2. Rotary buy at $1.43, high at $1.46, +2.09%
(Rotary put on alert mode, prepare to sell.)
3. Baker Tech buy at $0.39, high at $0.42, +7.69%
4. Tiong Woon buy at $1.08, high at $1.06, -1.85%
(Tiong Woon expecting pullback. $1.04 possible support? Hmm..)
5. Yanlord buy at $3.88, sold at $3.96, +2.06%



1st November list:
1. Federal buy at $0.815, sold at $0.855, +4.9%
(Decided to sold. Ready for a pullback. )
2. Biosensors buy at $0.74, sold at $0.99, +33.78%
(Decided to sell at $0.99 since all other indicators showing overbought region.)



31st October list:
No trades done.



30th October list:
1. KSH buy at $1.09, sold at $1.13, +3.66%
2. Orient Cent buy at $0.91, sold at $0.96, +5.49%
3. StamfordLd buy at $0.61, sold at $0.62, +1.63%
4. SpRe buy at $0.36, sold at $0.375, +4.16%
5. Chartered buy at $1.11, sold at $1.13, +1.8%
6. Hiap Seng buy at $0.795, sold at $0.795, +/-0%
7. SNF Corp buy at $0.22, sold at $0.265, +20.45%
(SNF Corp took profit too early, if hold to 31st October, selling price would be $0.32 !)
8. C2O buy at $0.71, sold at $0.76, +7.04%
9. Guocoland buy at $5.50, sold at $5.75, +4.54% (Exceed sell price)
10. Sino Techfibre buy at $1.35, sold at $1.42, +5.18%



29th October list:
1. Kyoda-All, buy at $2.35, sold at $2.16, -8.08% cut loss triggered!

18th October list:
1. Poh Tiong Choon buy at $0.28, sold at $0.31, +10.71%

Thursday, November 1, 2007

1st November Quick Updates

1st November list:
1. Federal buy at $0.815, sold at $0.855, +4.9%
(Decided to sold. Ready for a pullback. )
2. China XLX, buy at $1.26, high at $1.31, +3.96%
($1.14 seems like a good support.)
3. Rotary buy at $1.43, high at $1.47, +2.79%
(Rotary put on alert mode, prepare to sell.)
4. Baker Tech buy at $0.39, high at $0.425, +8.97%
(See! It bursts today with a whopping 34 million volume done, plus it also broke $0.42 barrier! Further upside expected. HOLD.)
5. Tiong Woon buy at $1.08, high at $1.08, +/-0%
(Tiong Woon expecting pullback. $1.04 possible support? Hmm..)
6. Yanlord buy at $3.88, high at $4.00, +3.09%
7. Biosensors buy at $0.74, sold at $0.99, +33.78%
(Decided to sell at $0.99 since all other indicators showing overbought region.)




31st October list:
No trades done.



30th October list:
1. KSH buy at $1.09, sold at $1.13, +3.66%
2. Orient Cent buy at $0.91, sold at $0.96, +5.49%
3. StamfordLd buy at $0.61, sold at $0.62, +1.63%
4. SpRe buy at $0.36, sold at $0.375, +4.16%
5. Chartered buy at $1.11, sold at $1.13, +1.8%
6. Hiap Seng buy at $0.795, sold at $0.795, +/-0%
7. SNF Corp buy at $0.22, sold at $0.265, +20.45%
(SNF Corp took profit too early, if hold to 31st October, selling price would be $0.32 !)
8. C2O buy at $0.71, sold at $0.76, +7.04%
9. Guocoland buy at $5.50, sold at $5.75, +4.54% (Exceed sell price)
10. Sino Techfibre buy at $1.35, sold at $1.42, +5.18%



29th October list:
1. Kyoda-All, buy at $2.35, sold at $2.16, -8.08% cut loss triggered!

18th October list:
1. Poh Tiong Choon buy at $0.28, sold at $0.31, +10.71%