Latest Posts By thomas_low
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| 14-Jul-2009 13:37 |
Yanlord Land
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Lord of China Prop
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Actually it is great that the BB is suppressing this, so retail investor can buy when it is cheap, if the FA is good, and expecting TA to become good, just go for the plunge, soak up while it is cheap. Only problem is what is cheap? Relative, just need to know the FA and know the TA before it turn "buy me" and soak up. By the time TA says BUY ME then it will be too expensive to buy. So my bottom dollar still is understanding the FA first, then trade with TA and keep ear close to the ground. My chart say it will hit 2.5. | ||
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| 14-Jul-2009 13:29 |
ChinaMilk
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China Milk
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Was cheap, now even cheaper, kind of give away, BB manipulating it, when result come, retail investors and some institutional folks enter this it will be like before cheong until no tomorrow. Small counter like this are so easily manipulated by the BB, it also means it is a good for those who can spot the manipulation and join in. As long as you know the value, no need to worry BB manipulating this in short term, keep it long. |
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| 06-Jul-2009 02:27 |
Biosensors
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Is Biosensors a good buy?
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For many companies one may have to worry about the bond maturing, for this baby I dont think it need worrying as it has just enough cash to pay off, so very likely to be another round of fund raising. After that positive result of the Q will give it a spring board to go back to its former glory. This is what we forumners here hope, but as this is not moving too fast means many are longing this baby as some sifus already shorted and took the profit and run into hibernation when it hit 0.585. FA & TA both looks reasonably good, just need to watch the general mood as the recent move is not because of Fundamentals changes but in-line with general directions of the market. So I dont know what others are doing, I am collecting on dip. | ||
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| 06-Jul-2009 02:19 |
Sakari
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Straits Asia
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Tata Rich Cheong Wee (from SAR is enuff to grant you this title but I really mean both of you), will miss you and your post. I hope to see you back to say hello share more tips and tell us a bit about the silver thingy. | ||
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| 30-Jun-2009 16:55 |
Neptune Orient L Rg
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NOL
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Baltic Dry was on the way think Hadon Boss saw that, my guess (caveat), BDI is on the way up so NOL is lagging and dive deep deep now go submarine so we can all collect and ride the Baltic Dry Index wave up high high...hehe.. Value 3,734.00 Change 31.000 % Change 0.837 High 3,734.00 Low 3,734.00 Open 3,734.00 |
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| 30-Jun-2009 14:05 |
Indofood Agri
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IndoAgri
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Sweet crude and Palm both up leh in bloomberg futures and palmoil.com futures...this poor fella fell quite a bit leh, can collect. TP is I think 1.22. All h u a t... | ||
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| 30-Jun-2009 13:59 |
Biosensors
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Is Biosensors a good buy?
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Hopefully 0.515 as support. Then we have to wait a bit for 0.580, will get there is a matter of time. This baby need a lot of people to move forward with her together. A bit shy to shine green when everyone is red. So be patient and maybe have a few fried fish ball also on top of the OCK Curry puff. (since everyone buying OCK curry puff, I buy OCK stock...will cheong bcoz u support ma.!) | ||
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| 30-Jun-2009 13:53 |
Biosensors
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Is Biosensors a good buy?
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May have more action this afternoon, EU likely to open higher (BB futures) and more good news overnight from across the pond. 2molo will get a new support level. | ||
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| 30-Jun-2009 13:50 |
ChinaMilk
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China Milk
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Just received the nice colourful cartoonish report from the CN Milk, the business model is fantastic, with liquid N2 can store the cow seeds for decades, cost is almost nothing but profit is huge. Raw milk has increased so significantly and the buy back of bonds coupled with mountain of cash and is low in gearing. NO TAX ! Board members key position include 2 sporeans, milk is kind of recession proof, I am thinking can it be better? Low tech high profit, not involved in malenine issues, where else can you get this kind of business? Low P/E somemore. The fund managers should take a look at this as this is also another one they can buy and forget. So I think is great value for money. I am loading more ignoring the chart, I use fundamentals to justify this. | ||
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| 30-Jun-2009 13:38 |
Sakari
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Straits Asia
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Managed to clear stock at 1.82, wait for another dip before going in again for the 2.2 ride. This afternoon EU may open up as futures goes up in big green numberals, so may want to consider .....no call to do anything... Yes I believe it will hit even higher, just a matter of time. Time to go for a short stock holiday...maybe... | ||
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| 29-Jun-2009 16:11 |
ChinaMilk
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China Milk
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wow this is getting to become the best bargain around...buy up keep till next result and sell | ||
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| 29-Jun-2009 01:20 |
Sakari
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Straits Asia
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Neubie posted this in CNA..from the Edge, yes he bought 0.5 million shares recently although not news but the rationale is now clearer, my guess there will be more than just long term outlook is good but more M&A opportunities..or discoveries Miner Straits Asia revs up production plans as coal prices recover With thermal coal suddenly trading at about US$75 a tonne, a more than 25% increase from its lows in March, Richard Ong, CEO of Mainboard-listed coal mine operator Straits Asia Resources, is once again sitting pretty. In April, Thailand's state-controlled energy giant PTT group bought a controlling stake in Straits Asia from its Australian-listed parent. PTT has since been forced to make a mandatory offer to buy the rest of Straits Asia's shares that it doesn't own, a bid that will most likely fail since the latter's shares have soared, fuelled by higher coal prices and a red hot stock market. Indeed, the genial and soft-spoken Ong who helped take Straits Asia public nearly four years ago is so confident that the coal miner's shares are on the verge of a breakout surge that he is putting more of his money where his mouth is by scooping up more shares for himself on the open market. The market is applauding the CEO's vote of confidence. Ong purchased 500,000 shares in the company at an average price of $1.81 each on June 17, increasing his personal stake in the firm from 0.65% to 0.7%. Last week, Straits Asia's shares closed at $1.70 apiece, up 117% since the start of the year. At their peak in July last year, Straits Asia's shares traded at $3.57 each, before plunging to an all-time low of 56 cents in November, weighed down by rising inventories at power plants. Markets have stabilised since then and Straits Asia's stock prices are now more reflective of thermal coal's medium-term fundamentals. Ong is convinced that demand for thermal coal will continue to exceed supply in the years to come as new coal-fired power plants come on stream in China, India, Indonesia, Vietnam and other developing countries even as environmental groups lobby for cleaner energy sources like wind and solar power. Indeed, according to most estimates, eight out of 10 power plants under construction worldwide right now are coal-fired and nearly 75 % of the new power generation capacity over the next five years will come from coal-fired plants. Growing demand To cater to the growing demand from power plants in Asia, Latin America and Africa, Ong is planning to significantly scale up production at his Indonesian mines to over 20 million tonnes annually within the next three years from 9.5 million estimated for this year. Straits Asia has sold and priced 6.5 million tonnes of its FY2009 coal deliveries at US$114 per tonne, analysts from DBS Vickers note in a June 19 report. Most analysts share Ong's bullish view on the prospects for thermal coal even as sentiment for metallurgical coal, used mainly by steel mills, remains lukewarm at best. Underpinned by the recent run-up in oil prices, coal prices are set to follow suit as demand for coal remains strong, DBS Vickers analysts write. "Our channel checks with major coal producers in Indonesia suggest that demand for coal is still robust, as the increase in output so far in 2009 has been absorbed by the market." Ong believes thermal coal prices should average at about US$80 per tonne over the next five years. "I can see that coal prices are moving up again," he told The Edge Singapore during a recent interview. "Demand is growing now and supply is not keeping up." China was a large exporter of coal for many years but became a net importer in 2007. Though the global downturn has dampened demand for metallurgical coal and even delayed the opening of new power plants that use thermal coal, closure of unsafe mines in China where thousands of miners die every year in accidents has kept an equilibrium of sorts in the demand and supply of coal in China. Indonesia, South Africa and Australia have stepped into the breach by expanding their coal production and exports. Indonesia is now the world's largest exporter of coal, producing about 200 million tonnes last year, but it still cannot meet China's insatiable demand because a hefty amount of coal is needed to power up its own electricity plants, Ong points out. "Meanwhile, there is a facility constraint in Australia where existing ports can't handle new production, so, the cost of producing coal becomes higher," says Ong. "Then, there are the other [coal-consuming] countries like Japan. Where do they go? The market is headed for a shortage." Ong intends to increase production levels at his two mines in Kalimantan, Indonesia, to meet this demand. Located on a tiny island , the Sebuku mine produces high-quality thermal coal which is sold primarily to power plants in Japan under long-term contracts. Last year, the Sebuku mine produced about four million tonnes of coal, and still holds about 20 million tonnes in reserves. A key feature of Sebuku is its low strip ratio of about 1:5 (the ratio of waste like sand and mud to the amount of coal available), enabling quick and easy extraction of coal. "In other areas you, need to mine away 20m of waste before reaching coal," Ong explains. "You need to spend a lot of money to move the waste. At [Sebuku], you only need to mine away 4m to 8m of waste." Moreover, because of the island's small size, overhead costs like transportation and drilling are low. The Sebuku mine is just 16km from the nearest jetty. The cost of extracting coal at Sebuku, which Straits Asia outsources to local contractors, is about US$33 a tonne. Straits Asia's second mine, the multi-pit Jembayan, covers 12,000ha and sits 150km northwest of the coastal town of Balikpapan. Acquired two years ago for US$350 million ($509 million), the mine contains about 112 million tonnes of reserves, based on the most recent discovery made in October, Ong says. "And this is only after drilling [just] 30% of the total mine," he points out. "Drilling is still ongoing and I feel reserves could reach 200 million tonnes when drilling is complete. We might be able to announce an upgrade of the mining capacity by the end of the year." Indeed, production levels at the Jembayan mine are set to double after work to increase its capacity was completed last month. Now that the mine is equipped with a crushing capacity of 11 million tonnes per annum and barge loading conveyors able to move 15 million tonnes of coal, Ong expects Jembayan to increase production to 14 million tonnes a year over the next two to three years, more than double its current capacity. However, due to the mine's distance from the nearest port, production costs are higher than Sebuku at over US$43 per tonne. Pushing production up Last year, total production at the Jembayan and Sebuku mines amounted to 8.6 million tonnes, and production levels are expected to grow 10% to 9.5 million tonnes this year. Next year, Straits Asia plans to produce more than 10 million tonnes, and Ong's target is for 20 million tonnes by 2012. His goal for the next three years? "Aim for organic growth with these two mines, and build Jembayan into a world-class mine." For the three months to March 31, 2009, Straits Asia's revenues were up 36% y-o-y to US$139.6 million, while net profit grew 74% to US$35.5 million over the same period. Straits Asia, the only pure play listed coal miner in Singapore, has cash of US$183.9 million and net debt of US$111.2 million. At current levels, the company is trading at 9.3 times historical earnings, with a market capitalisation of $1.85 billion. DBS Vickers is forecasting a 13% increase in average selling price, a 17% y-o-y increase in revenue to US$715 million for FY2009, and a 55% increase in earnings to US$193 million over the same period. The brokerage maintains a "buy" call on the stock, with a target price of $2.26, representing an upside of almost 30%. If analysts are right, CEO Ong who has been steadily increasing his bet on his own team's ability to deliver, stands to make a bundle along with other shareholders, including Straits Asia's new Thai controlling shareholder, the PTT group. |
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| 29-Jun-2009 00:26 |
Others
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Shares that will drop.
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1.70 buy sell at at 1.75, multiply by big lots minus fees still give good coffee money better than doing nothing. Booked my place already early early at the coffee shop. |
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| 28-Jun-2009 23:59 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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CW, sad it is, what next after stocks? Silver? good time or not to go in?
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| 27-Jun-2009 13:10 |
Biosensors
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Is Biosensors a good buy?
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http://sg-stock-chart.blogspot.com/search/label/Biosensors This guy took the effort to highlight companies which are due for technical rebound, including Straits Asia, Raffles Edu and Ausgroup. Chart only (please analyse yourselves) not fundamentals (please check yourselves), so do you homework over the weekend and decide any action required for next week. Above no call to do anything...e.g. buy sell steal borrow beg give loan etc. Maybe just to keep you away from boredom. |
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| 26-Jun-2009 21:55 |
Biosensors
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Is Biosensors a good buy?
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Do you know how many lazy fund managers out there? Those who are not lazy will spend time making profit for themselves rather than for the funds, my decades bad experience in mutual funds has vacuumed up all my early days savings for fund management fees. So lazy fund managers, this is the fund for you. | ||
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| 26-Jun-2009 21:43 |
Others
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DOW
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There is no choice for the mutual fund managers but to reluctant buy to "pull the wools over the eyes of their investors", so up to end of the month they cant go low on popular stocks. Not so populars ones will get hit. So create a fantastic opportunity to bottom fishing for longing those not so popular stocks.. |
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| 26-Jun-2009 21:39 |
Sakari
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Straits Asia
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Although didnt get less then 1.7, will load up anyhow, no need to buy and sell too often, we know this one will get there and I guess (caveat emptor) next week will deliver. M&A fever on coal is back again as I said earlier, Indonesia investors eye BHP Billiton coal project, 4 companies in discussion. Indians are on the buying spree also. Should be more exciting next week when more news comes. | ||
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| 26-Jun-2009 11:08 |
Sakari
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Straits Asia
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Be patient, some of us are suppresing this counter, once the resistance is broken it will catapault. Have faith...Richie doing a good job on his chart... | ||
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| 26-Jun-2009 10:51 |
Biosensors
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Is Biosensors a good buy?
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People are not sure rights, share sale, bond, etc worries them and moving too slow, so people sell for short term gain, again I stress this is not a shortist share, look at the curve, kind of slow slope up rather than yoyo. I say great for fund managers to suck up and forget. Years later hey we made profit woh! | ||
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