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19-May-2009 21:50

Sakari / Straits Asia

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Best entry level varies depending on individual risk/reward level, interpretation of the charts, short-term, long term, intermediate term, comfort level, not cast in stones.

dealer0168 ( Date: 19-May-2009 19:12) Posted:

Hi Mr Richtan, than what is the best entry point for striatsasia. Can advise? Thks. Smiley

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19-May-2009 19:08

Sakari / Straits Asia

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Hahaha... only idiots will take their offer, not mandatory acquisition, u are not obligated to sell to them.

cheongwee ( Date: 19-May-2009 18:49) Posted:

PTT offer px is no necessary the fair px for this counter....not vested.

then why those ppl are buying up hundred of lots at 1.3...must be idiot..

if makret say it is worth so much...it is...we dont argue with market.

upforever ( Date: 19-May-2009 18:36) Posted:

Wondering anybody has opinion or feedback on Straits Asia. I just received from post today, the offer price is still at $0.807/ share cash offer.

ue, 24 Mar 2009, 10:26:05 SGT

Summary: Thailand’s PTT International (PTT) has made a S$0.807/share cash offer for Straits Asia Resources Ltd (SAR). The offer is a result of it purchasing Straits Resources Ltd’s 47.1% stake in SAR as part of a strategic alliance. The offer is priced 4.5% below SAR’s last transacted price and 7.9% below its six-month VWAP, and values SAR at a modest 2.2x FY09F PER and 1.2x FY09F NAV. This undervalues SAR’s strong fundamentals and earnings growth potential, in our view. We believe that the takeover offer is largely procedural since PTT has articulated its intention to retain SAR’s listing status on the SGX-ST. We do not expect investors accept the offer, especially given SAR’s generous dividends and robust prospects. We maintain our BUY rating and S$1.15 fair value estimate on the stock. SAR will be appointing an independent financial adviser to provide a recommendation in connection with the offer.

Lacklustre takeover offer. PTT International (PTT), one of Thailand’s largest energy companies, has made a mandatory takeover offer for Straits Asia Resources Ltd (SAR) at S$0.807/share. The offer is a result of it purchasing Straits Resources Ltd’s 47.1% stake in SAR as part of a strategic alliance. The offer price was derived from SAR’s 20-day volume-weighted average price (VWAP) prior to 20 Mar 09, but falls 4.5% below SAR’s last transacted price and 7.9% short of its six-month VWAP. In addition, it values SAR at a modest 2.2x FY09F PER and 1.2x FY09F NAV – far lower than the 11x PER price tag that Chinalco and Alcoa forked out for their stake in mining company Rio Tinto just a year ago. We are of the view that the takeover offer undervalues SAR, and do not expect investors to accept the offer. SAR will be appointing an independent financial adviser to provide a recommendation in connection with the offer.

No intention to privatise SAR. PTT’s takeover offer for SAR appears to be a procedural obligation as a result of it crossing the 30% ownership level. It has articulated its intention to retain SAR’s listing status on the SGX-ST, and added that it currently has no plans to introduce any major changes to SAR’s business, redeploy its fixed assets, or discontinue the employment of its employees. As such, the takeover offer will probably result in a change of SAR’s effective ownership with no major changes to the group’s strategy or management.

Good dividends and earnings prospects provide little incentive to accept offer. SAR’s shareholders may reap better returns in the long term by holding on to their shares, given the group’s generous dividends and robust outlook. SAR’s dividends yielded a generous 11.5% return in FY08, and we expect FY09 yield to increase to 17.8% on the back of higher earnings. Earnings are expected to more than double in FY09 thanks to higher coal prices secured during the commodity boom in 2008.

Sound fundamentals, maintain BUY. PTT’s takeover offer puts an end to months of speculation over SAR’s privatisation. It also rules out any acquisition by Noble Group Ltd (previously reported to be one of the interested bidders) or other strategic investors in the near term. We maintain our BUY rating and S$1.15 fair value estimate for SAR and do not expect PPT to raise its offer price. As for Noble, our BUY rating and S$1.33 fair value estimate remains intact.

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19-May-2009 18:59

Sakari / Straits Asia

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Bullish cup with handle:

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19-May-2009 14:32

China Hongxing / Good News for China Hongxin

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CHHX looks like forming the handle of a cup, expect it to shoot up once the handle is formed. Cheers.

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19-May-2009 14:14

Sakari / Straits Asia

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No, No, No, not made some but made a lot, bountiful, from those shortist who are now burning hot, scrambling to short-cover, helping to further push-up, hahahaha.....

thomas_low ( Date: 19-May-2009 13:39) Posted:

Hi All, good to hear that you made some today, as I said, it will rocket, some BB even try to write bad about it and spread rumours about compulsory purchase of 0.817...so that they can generate fear in the market and dump this gem and the lap it up. Keep sharing and keep adding more zeros behind the bank balance. ...cheers...thank you all too.

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19-May-2009 11:33

Sakari / Straits Asia

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Yippee!!! Yippee!!! Yippeee!!! Thank u to all the shortists

Sing "Alleluya to the Shortist", push up more & more, panic short-covering, 3rd degree burnt in ICU liow Smiley

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19-May-2009 10:42

Sakari / Straits Asia

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Very good posting in CNA forum:

http://forum.channelnewsasia.com/viewtopic.php?t=242339&highlight=

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19-May-2009 09:49

Sakari / Straits Asia

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Shortist are my "Money-God" either helping me to push up the price so I make more profit or if they succeed in pushing down, help me to accumulate more at lower price.

Sing "Alleluya to the Shortist"

richtan ( Date: 19-May-2009 09:44) Posted:

Hahahahahaha.... Shortist asshole burning hot, chow-tar by the red hot burning coal, quick short-cover & help us to fire-up the coal-fired rocket.

A zillion thanks to u shortist. I loved u people dearly.

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19-May-2009 09:44

Sakari / Straits Asia

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18-May-2009 22:00

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Hehehehe.. but I m a human 8-))

lookcc ( Date: 18-May-2009 21:54) Posted:

n me a bear............sh*t.

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18-May-2009 21:57

Sakari / Straits Asia

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Hahahahahaha... for every one tat gone out, there is another tat come in, otherwise who do there sell to, for every bear, there is a bull.

The mkt is too large & has a life of its own, no one has thr power to try talk it up or down, so save the breathe on such futile effort.

I love shortist dearly, there are my money god, when they start short-covering, rushing to cover their ass, help to push-up the price. Shortist, just be careful, dun get burnt by the coal n get "chow-tar", if still gungho, carry on, I love you very much.

Laulan ( Date: 18-May-2009 14:46) Posted:

No offence intended. You read who has gone out means who has left the counter. No mention of name as it is offensive.

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18-May-2009 21:47

Sakari / Straits Asia

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CW, I accept your explanation. True, I agree no one is 100% right just like Temasek.

Give tat man a Tiger, cheers!!

cheongwee ( Date: 18-May-2009 15:22) Posted:

sure, why not, if he can make 4 out of 10 counter right, i am more than happy..

look his mermaid..i bought 30c to 41c..look even SAR 96.5...sold 1.16..and Armstrong 12c..and 17c.,..many more..

so even he is wrong this one it is ok...and yes...dow 10000..sti 2600 to 2800...he show me, indicater, i am convince...

and for gold, he got nothing, becos he dont believe..but i do..gold 1500 XOP 2 to 3 yrs...

let market do the talking, arguing just to satisfy the ego is wrong..

let the market do the talking ..

this one is value 2 buck..unless fundamental change..short term market may go either way, long term fundamental rule...

since i am out, i really appreciatee ppl, short it down for me to get back on ..if i still got $$$

for richtan...u long ...so no problem..for me long term counter 25% cut loss..

i dont see this happening anytimes..to this counter...

no worry this one(SAR)...i am not worrying abt my Jade and Centillion..it is just 10% only..

richtan ( Date: 18-May-2009 14:30) Posted:

hahaha... CW, u dun get my point.

My point is do u still trust wat your this friend say in future.

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18-May-2009 14:42

Sakari / Straits Asia

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To gain others respect, I would sincerely appreciate if u care to plse elaborate & substantiate your remark "many have left", not just a whiff, off-the-air wild factless remarks.

And, plse, we are here to exchange pointers, not to insult one another. we are civilised people.

Our Ministers said, mutual respect, restraint & harmony, to gain others respect, one must first respect others first, not insult others.

Confucious said: "Dun do onto others wat u dun want others do onto u"

Laulan ( Date: 18-May-2009 14:32) Posted:

For now, I rather put my money ON the banks. Safer and more strength to cheong. Some of the gains will put ON Biosensors. For those still vest, I am not discouraging you since your money is your money and not mine. I ve left and many have left. Hope you all make the huat huat huat and remain happy.

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18-May-2009 14:30

Sakari / Straits Asia

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hahaha... CW, u dun get my point.

My point is do u still trust wat your this friend say in future.

cheongwee ( Date: 18-May-2009 13:19) Posted:

like u say, u do your DYODD..so ???why worry...since u say long so, let it go to 1.0 to make ppl who want to see happy, and also us , cause u can collect more at a dollar., to long, right?

some say 0.8..possible..if dow go to a new low..even 0.4.why not?..but just ask, have the coy fundamnetal change? this is a resource stock, like commodities the first to soar, when market cheong..

does not means i no longer vested, i say it go to 1.0...let the market decide, but it is a general trend most counter down due to selling, nothing wrong with the fundamental, it is still making handsome profit and giving good dividend, dont get tok by other, DYODD..the best..buy value, if u are a longist.

at least, u dies u know what kill u, not by other suggestion, they can tok what they like, we tok ours,..DYODD.,,

just like gold , i am expecting to see 780 to 800 come sept...doesnt means i bought alot, i expext it to go 2600 next month..next yrs...but i do see a 2600 gold..but first 1504 XOP..within 2 to 3 yrs.

but i got more silver...70%..

but i see gold 1500, after sept...prediction only base on my indicater...hoh..there are no dure thing on earth..

Even i pay a US$1200 annual fee for susbriptiom resourec investment , they also got discalaimer...

rest assure SAR is a good counter, if ohter say bad, ask them why? if they say offer is 0.8...then what the heck market is paying and trading at 1.2...and expert say worth 2 buck...

u believe market and analyst,or ppl here...commonsense..\

i dont want argue with ppl. they got their right to the forum , like us, to say what they like...so you got to do DYODD.

u can ask them why bad, if they say bad or good, why good??there must be a reason for their saying..

if they dont know, that means they also hearsay, also..so better DYODD..

indicator i use are guide not compass, that sure end in your destination..they are guide only..

richtan ( Date: 18-May-2009 12:47) Posted:

CW,

It had been over a week, do u still trust your this friend tgt 1.90 by 14/5 (one week from 7/5)?

I m vested not bcos of your this friend recomendation, as I dun trade base on hearsay or rumours but based on my chart interpretation n set my cut-loss if wrong.

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18-May-2009 14:25

Sakari / Straits Asia

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Hahahaha.... Thomas, dun worry, u are not alone, I m all the way behind u, lets huat together & ignore all those naysayers. But of course, ready to cut-loss if needed too.

thomas_low ( Date: 18-May-2009 14:16) Posted:

Dont need to believe or not believe, see yourself, 800 lots in one go, now going 1.21 liao, this evening 1.3 ?

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18-May-2009 13:09

Sakari / Straits Asia

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MFT, I shall monitor your this posting, see whether choon or berek, hahaha....

tchoonw ( Date: 18-May-2009 12:47) Posted:

$1 coming soon...

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18-May-2009 12:47

Sakari / Straits Asia

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CW,

It had been over a week, do u still trust your this friend tgt 1.90 by 14/5 (one week from 7/5)?

I m vested not bcos of your this friend recomendation, as I dun trade base on hearsay or rumours but based on my chart interpretation n set my cut-loss if wrong.

cheongwee ( Date: 07-May-2009 15:21) Posted:

my friend said if everything fine , not earthquake fr Wall st, then this will be close to ard 1.9 to 2 late next week..but really it is questionable, ..an increase of 40%!!!.is hard to believe.

but as again, i got the info to buy fr him before lucnch today, and true enought this one come alive all of a sudden..i believe him...but there are no sure thing,but we see to it, see whether 1.9 will come bext wk...then in future i can trust him....DYODD.

dont buy too much and greedy... make $ is happy enough.

thomas_low ( Date: 07-May-2009 15:01) Posted:

That is all for today on this, snake and ladder was fun, come back tomorrow for the long ladder to $1.5, next week $2.0 Wait long they may discover more minerals and coals, then it will hit the roof.

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18-May-2009 11:18

Sakari / Straits Asia

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CW,

hahahaha...... are u too busy now like us chomping & gobbling to do posting. I had gobbled up as much as I can, but of course, I may be wrong, so I set my cut-loss points.

cheongwee ( Date: 15-May-2009 18:35) Posted:

i make a bit of money in and out of this counter, currently bought all at 1.27 this week.....i like this counter to go long.

if it go lower i will buy more and keep till cow come home or still fundamental change for me to sell.

the coy is quite generous with the profit...

this counter like Sebastian Chong said in Next Insight..one and only cheap mining stock in the SGX..

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18-May-2009 11:10

Sakari / Straits Asia

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Oh come on, we are chomping & we are guys, dun insult us just bcos u are not chomping, Ou Minister said, have some mutual respect for each other, live & lets live, practice restraint, lets be harmonious & think first b4 shooting & hurting others.

pointer ( Date: 18-May-2009 09:40) Posted:

Chomp chomp? That's for gals to do it...hehe...;)

I think can pick up close to $1.00. Let the dumping ease off then see how.

No point going against the tide.

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18-May-2009 10:55

Sakari / Straits Asia

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I too agree with u, I also gobbled up as much as I can gobble until my stomach is full, no point to start regretting when it goes up.

But, of course, I set my stop-loss points, in case it turns against me. (Cut lossses short, let profits run with trailing stops)

To me, $1 seems extremely unlikely, but I also may be wrong, so good luck to those waiting for $1.

Frankly, those waiting for $1 have weak hearts, when it really hit $1, they will start to hesitate & say "oh...no...no...no... wat if it goes down again, better wait for 90 ct...." This is called emotional, will forever never buy.

A TA trader trade based on charts & set cut-loss points

thomas_low ( Date: 18-May-2009 09:36) Posted:

People dump I gobble up like pac man...chomp chomp..., time to lap it up

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