ShareJunction - Member Posts

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seems to be showing no mercy from the funds manager. Shorters getting pretty much .....

limkt009 ( Date: 12-Aug-2009 09:37) Posted:

It's 89c now...power is there.

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it might close @ 0.915 or 0.920 today.

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Hold . Its only half time :) at least another 5 cents to 9 cents more.

richtan ( Date: 12-Aug-2009 09:23) Posted:

Congrats especially to those who followed my chart analysis and dared to buy last Fri when it presents one of the best opportunity when it bounced off the amaxingly strong magical 25ema which had been providing tat magical support since 8/6/09.

Today's vol into 20 mins of trading had aredi exceeded yesterday's vol.

Once it breaks above the recent high at 89, it will head towards 1.19 with some minor resistance at 91.5 n 1.02

Trade Summary shows extremely heavy buying up:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8725	LAST DONE PRICE : 0.890
SPREAD/PRICE RATIO : 0.0056	AVG TRADE SIZE : 67.186

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.850	19	1,823	1,543	0	280
0.851	2	335	0	335	0
0.855	6	442	11	0	431
0.860	26	2,273	634	270	1,369
0.865	69	2,906	257	5	2,644
0.870	12	1,370	321	0	1,049
0.873	1	30	0	30	0
0.875	67	5,036	1,714	0	3,322
0.880	27	3,181	749	0	2,432
0.885	103	5,532	251	0	5,281
0.890	12	184	0	0	184
TOTAL	344	23,112	5,480	640	16,992

x 0

Dont induce people selling you cheap 0.050 stocks.

There are big players wanting to buy more stocks at 0.05 before they pump the price up. Do not fall for it.
Every single economy indicator is pointing to a good substainable recovery in China. Please do not spread this kind of news.

bennykusman ( Date: 11-Aug-2009 23:47) Posted:

worthless stock...

dealer0168 ( Date: 11-Aug-2009 08:14) Posted:

Precisely, we are actually betting on its FA.

Cheers.

x 0

Q2 Results coming out on friday. Thats why :) On friday the stocks will exchange hands. Do not go in anymore.

bennykusman ( Date: 11-Aug-2009 23:49) Posted:

i think the big boy is playing the market... better to get out asap before it crash again like june market for golden agri.. long term, this is a good stock to keep..

FearPower ( Date: 11-Aug-2009 23:32) Posted:

Hi.. anyone knows why the sudden surge? Smiley

x 0

You know what is their plan ? Let people to think market is down and catch the shorters. :)

handon ( Date: 11-Aug-2009 22:01) Posted:

my boss said.... dow stay under 9.3 later...

68.5 % confidence... selling continue tomolo... hehe.... Smiley

watch carefully...

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Go long for china sports. The FA for china sport is rock solid and retail sales is surging in China. I expect fair/good Q2 results.

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Net profit is alot if increased by that percentage. It is very significant. The expansion of thier manufacturing line will further boost thier revenue & profit.

ronleech ( Date: 11-Aug-2009 21:47) Posted:

hmm....50% compare to last year...i guess still making money

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After book of closure its the next day will be the releasing of the Q2 results. I am looking at an increase of 16%-32% of profit. So most likely it will be Wednesday ! Q2 will be out.

risktaker ( Date: 11-Aug-2009 21:23) Posted:

Notice Of Book Closure Date For Dividend

1st Interim Dividend (one-tier exempt) of 0.25 cent per ordinary share for the financial year ending 31 December 2009

Record Date	25/08/2009
Record Time	17:00
Date Paid/Payable (if applicable)	09/09/2009

Record Date: 25/08/2009

Record Time:17:00

Date Paid/Payable: 09/09/2009

NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of the Company will be closed on 26 August 2009 on which day no share transfer will be effected.

Duly completed registrable transfers received by the Company's Share Registrar, Intertrust Singapore Corporate Services Pte. Ltd., 3 Anson Road, #27-01 Springleaf Tower, Singapore 079909 up to the close of business at 5.00 p.m. on 25 August 2009 will be registered to determine shareholders' entitlements to the 1st interim dividend.

In respect of ordinary shares in securities accounts with The Central Depository (Pte) Ltd ("CDP"), the 1st interim dividend will be paid by the Bank to CDP which will, in turn, distribute the dividend to holders of the securities accounts.

x 0

You boss better cover i think. This is not ordinary RAlly. 60% of the investment in stocks are all china money "Trillion dollars from CHINA" :)

Trust me they are pushing it to 9500. They have a plan......

handon ( Date: 11-Aug-2009 21:10) Posted:

my boss said interesting to see 9.3... hehe... Smiley

x 0

Notice Of Book Closure Date For Dividend

1st Interim Dividend (one-tier exempt) of 0.25 cent per ordinary share for the financial year ending 31 December 2009

Record Date	25/08/2009
Record Time	17:00
Date Paid/Payable (if applicable)	09/09/2009

Record Date: 25/08/2009

Record Time:17:00

Date Paid/Payable: 09/09/2009

NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of the Company will be closed on 26 August 2009 on which day no share transfer will be effected.

Duly completed registrable transfers received by the Company's Share Registrar, Intertrust Singapore Corporate Services Pte. Ltd., 3 Anson Road, #27-01 Springleaf Tower, Singapore 079909 up to the close of business at 5.00 p.m. on 25 August 2009 will be registered to determine shareholders' entitlements to the 1st interim dividend.

In respect of ordinary shares in securities accounts with The Central Depository (Pte) Ltd ("CDP"), the 1st interim dividend will be paid by the Bank to CDP which will, in turn, distribute the dividend to holders of the securities accounts.

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Productivity Rises 6.4%, Best Gain in Six Years

Published: Tuesday, 11 Aug 2009 | 8:54 AM ET

Text Size

By: Reuters

U.S. non-farm productivity in the second quarter rose at its fastest pace in six years as companies slashed costs to protect profits, government data showed Tuesday.

CNBC.com

The Labor Department said non-farm productivity rose at a 6.4 percent annual rate, the biggest gain since the third quarter of 2003, from a revised 0.3 percent gain in the first quarter. Productivity for the January-March quarter was previously reported as a 1.6 percent gain.

Analysts polled by Reuters had forecast productivity, which measures the hourly output per worker, rising at a 5.3 percent rate in the second quarter.

"It's good because it helps keep inflation low; labor costs are pretty benign," said Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, Fla.

"On the other hand it means you can do more with fewer people," he said.

U.S. Treasury debt prices held gains on the data, while stock index futures were little moved.

Hours worked plunged at a 7.6 percent rate in the second quarter, the Labor Department said.

RELATED LINKS

Unit labor costs, a gauge of inflation and profit pressures closely watched by the Federal Reserve, fell 5.8 percent, the biggest decline since the second quarter of 2000. Analysts had expected unit labor costs to fall 2.4 percent in the second quarter. Unit labor costs dropped by a revised 2.7 percent in the January-March quarter.

The government also published revisions to productivity for 2006 through 2008 following adjustments to gross domestic product estimates.

Compensation per hour rose at a 0.2 percent pace and, adjusted for inflation, was down 1.1 percent, while output fell at a 1.7 percent rate in the second quarter.

Compared with the April-June quarter of 2008, non-farm productivity was up 1.8 percent. Unit labor costs fell 0.6 percent year-on-year. Compensation from a year earlier rose 1.3 percent and was up 2.2 percent once adjusted for inflation.

Output, measured on a year-on-year basis, was down 5.6 percent.

x 0

very interesting, I am thinking of longing it for 2 years :)

yipyip ( Date: 08-Aug-2009 19:28) Posted:

Peer:(As at 7Aug09)

Ratios For Midas Holdings Limited (SGX-listed), Closed SGD$0.825

Valuation Ratios
Price/Earnings   20.79
Price/Sales   4.82
Price/Book   3.32
Price/Cash Flow   17.11

Profitability Ratios (%)
Gross Margin   36.57
Operating Margin   30.25
Net Profit Margin   24.00

VS

Ratios For Zhuzhou CSR Times Electric Co., Ltd. (HK-listed code:3898), Closed HKD$13.26

Valuation Ratios
Price/Earnings   30.01
Price/Sales   5.98
Price/Book   3.72
Price/Cash Flow   25.95

Profitability Ratios (%)
Gross Margin   37.14
Operating Margin   23.11
Net Profit Margin   19.98

x 0

Its been a battle between 2 groups of funds since last week, where funds managers decided to step in to counter the shorters. Seems like the - shorters are trying very hard to suppress the price unsuccessfully.

The funds manager will continue its counter action till a point where the shorters run dry. Pretty much within these 2 days if the funds keep pushing up the shorters will be forced to cover its position. You gonna see genting above 90 cents when this happen, unless the funds manager decided to give them some chance.

waterfalls ( Date: 11-Aug-2009 15:50) Posted:

Genting Singapore
Initiation Report by JP Morgan
Overweight
Playing it forward
Price: S$0.82 Price Target: S$1.20
Company data
52-wk range S$0.32-0.91 Mkt cap (S$MM) 7,861.8 Mkt cap (US$MM) 5,459.6 Share Outstanding (MM) 9646.4 Free float (%) 39.4 Avg. daily volume (MM) 98.6 Liquidity (S$MM) 68.6
Genting Singapore is our top pick within the group
Rating PT Upside
Gent Sing OW S$1.20 47%
Gent Bhd OW M$8.50 35%
Gent Msia OW M$3.50 21%
Source: J.P. Morgan.
•
potential upside: We initiate with OW and a Jun-10 PT of S$1.20, implying 47%We believe Genting Singapore (GS) is in a dominant position as it is one of the only two companies with the right to develop and operate an integrated resort (IR) in Singapore (and will maintain this duopoly at least for the next 10 years).
• Building bullish expectations on IRs: (1) We believe IRs help the objectives of the Singapore government, which aims to double visitor arrivals by 2015; (2) with annual tourist arrivals of 10MM (+35MM transiting), Singapore already has the numbers to support two IRs (RWS expects 60% foreign visitors); and (3) a wide catchment area of 700MM people living within a 5-hour flight. Based on the Macau and Las Vegas experience, new casino openings should grow the casino industry pie.
• Run-up to the RWS opening could prompt a share price re-rating:
LVS, Galaxy, and Wynn’s share prices rose 14-85% before and after their casino openings (see page 12). We believe Genting Singapore’s share price could see a similar trend. RWS can leverage Genting Group’s established customer network and management expertise whileRWS’s Universal Studios is also the only branded theme park in Southeast Asia. For FY12, we estimate RWS to have casino revenue of US$1.7B (when the IR is fully completed). Assuming a market share of 40%, this translates into a Singapore casino market size of US$4.3B, which is 4x the size of Malaysia’s and a quarter of the size of Macau’s.
We also assume 7.5MM visitors to Universal Studios in FY12 (compared to 8-9MM visitors to Universal Studios, Osaka).
•
EV/EBITDA. This is a concept stock which we think could trade over S$2 using bullish assumptions.Valuation, PT, and risks: Our June-10 PT of S$1.20 is based on our SOTP valuation, in which we value its Singapore business at 14x FY12E

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excellence post. :)

ozone2002 ( Date: 09-Aug-2009 10:33) Posted:

if u see the vol on the 6 Aug, don't u think the vol is excessive?

I remember reading this book "Undeclared secrets that drive the stock market" by Tom Williams. It states that in the stock market there's always buyers and sellers agreeing on the price. If there's someone buying, there's someone selling, that's y there's a transaction. So in this case of YZJ, ask urself who's the buyer and who's the seller. In a bear market, when prices are falling, weak holders are selling their shares to the strong holders at low prices. In a bull market, when prices are rising, strong holders are selling their shares to weak holders. It's a classic case of buy low and sell high. As more n more good news comes out, the professional money will take this opportunity to dispose their holdings. It's just like u want to sell ur house, u rant and rave abt how good the location, facilities blah blah..which is "good news" so as to get a better price, same thing for a stock. So in the case of the stock, when the stock is overbought means that supply is excessive and prices will start to come down. When there's a correction, and the professional money feels that there's no more selling (supply is limited), they will come in again and scoup up these shares at low prices.

Always take a step back n look at the forest rather than the trees. And remember the 80/20 rule. 80% of the population will make 20% of the money in the market. You want to be in that 20% population that makes 80% of the money in the market..so think like the professionals (20%) and do away with the herd (80%)!

That's just my thoughts on trading in any markets.

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Once Q2 results releases you will expect it to go up at least 8 cents to 14 cents. The Q2 results are quite significant.

Good luck.

richtan ( Date: 11-Aug-2009 18:40) Posted:

Philips Securities n OCBC Securities reports shows this Fri, but dun know is it b4 mkt start or after mkt close.

risktaker ( Date: 11-Aug-2009 16:22) Posted:

The results should be out Tomorrow or Thursday. Latest Friday.

But I have a strong feeling it will be out on Thursday. :)

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The results should be out Tomorrow or Thursday. Latest Friday.

But I have a strong feeling it will be out on Thursday. :)

richtan ( Date: 11-Aug-2009 15:00) Posted:

I really dun know, not stated in their reports.

solar2008 ( Date: 11-Aug-2009 14:52) Posted:

after trading hour or before open on 08/14

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careful about shorting. recently funds manager are catching shorters .......

handon ( Date: 10-Aug-2009 21:27) Posted:

my boss add to short... short first win first... hehe... Smiley

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Oversea Funds is clearly withdrawing from singapore. Unless Local funds step in ... Next week will be very very bad ... looking at 2400++

I saw some sign of local funds stepping in today. So Good luck to anyone who vested today. Also Richtan comment regarding Midas is true. Good luck richtan :)