Latest Posts By elfinchilde
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| 21-Jul-2008 18:35 |
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Temasek Holdings
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edit: proof required in all cases esp when it is political. 
http://www.usenet.com/newsgroups/soc.culture.singapore/msg21487.html The HPL case. Ok, fair enough that the discounts weren't 'sought for' and that it was apparently later donated to charity. But if i were a shareholder of HPL at that time, would certainly be pissed with management for offering steep discounts of apartments, and not obtaining earlier approval. |
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| 21-Jul-2008 18:18 |
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Temasek Holdings
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yea. there are still exceptions nowadays. for the admin service and for the intelligent ppl who lost MSK. it's something like 9% employee, 13% employer to the CPF (or is it the other way around). and there's pension on top of it. agree that they had to stop the pension: but then, to be fair to all--if indeed we are supposed to be equal citizens---shouldn't the pension have been scrapped for the admin service as well. it's unequal grounds. they say all singaporeans are valued, but what they do shows that the elite are above and beyond the normal people. Look at the cases regarding HPL, HDB erroneous policies, MSK escape, ICA mistake and all: silenced. "Let's move on." and the worst thing is, the man on the ground has accepted that. that those in power are more *intelligent* and *wiser*. When really. most of them are simply chosen at 14 years old via the GEP programme, never even gone through an interview in their lives except at 18 for the scholarship interview. That's why they're excellent at micro-managing docile singaporeans, but the moment they venture overseas, they fail. Don't possess the streetsmarts to actually do business with equals (can anyone say, suzhou industrial park.). They work best on policy matters where the ground cannot object (eg, ERP, raising transport costs, etcetc). And if you so much as raise a voice, be prepared for a sledgehammer down upon you. |
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| 21-Jul-2008 17:36 |
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Temasek Holdings
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perhaps i can add in one little fact here, which most singaporeans are unaware of. The elite of the govt service are the people in the Administrative Service. These people, who are in charge of our money and our future, and who are in charge of our CPF money, are not on the CPF scheme like the rest of singaporeans. They are on the pension scheme. So really, you think they'll lose sleep over a couple of billions lost on UBS, merril etc? It's not their money. |
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| 19-Jul-2008 16:23 |
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Temasek Holdings
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how will they return more? ha. simple what. they're using OUR money, the people's money. Just lower CPF annual return rates lor. after all, they got the right to do it what. meanwhile, if you guys have ever read the fine print: Temasek's 'incredible' returns of 25% pa or more, is because the govt has been giving them money (from where else but the people) yoy as well. ie, we'll never know what their true returns are. could be loss for all you know. |
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| 18-Jul-2008 18:26 |
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Allgreen
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here ya go, kiddo. AG background, off the sgx website.
-------------- in brief: it listed in '99, i believe IPO px was abt 1.04 or so. co is a s'pore property firm specialising in mid-range priced condos and props. technically its play was in 06 and 07; a mid term counter good for 2-4 weeks play. kinda over now though. Tandem counter is ho bee (HB). they tend to move together. With AG being a lead and HB being the lag usually. |
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| 18-Jul-2008 17:40 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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here we go; why our market's down today.-------------Earnings set to weigh on stocksWall Street set for sharp fall after Merrill posts hefty loss. Google, Microsoft fall short of analysts' estimates. Focus turns to Citigroup.LONDON (CNNMoney.com) -- U.S. stock futures tumbled early Friday as investors digested disappointing earnings from Merrill Lynch, Google and Microsoft and braced for results from financial giant Citigroup.At 5:05 a.m. ET, Nasdaq and S&P futures were sharply lower, with a comparison to fair value suggesting opening losses for Wall Street. Stocks rallied for a second straight session Thursday, supported by a hefty decline in oil prices. Solid results from JPMorgan Chase also helped bank shares climb. Financials But the financial sector may have trouble holding on to those gains after Merrill Lynch (MER, Fortune 500) reported a wider-than-expected loss of $4.9 billion after the market close Wednesday. Investors will be focused on quarterly results from Dow component Citigroup (C, Fortune 500), which is due to report before the opening bell Friday. The financial services giant is expected to post a big loss. Techs A number of tech titans posted results late Wednesday that came in short of estimates. Google (GOOG, Fortune 500) and Microsoft (MSFT, Fortune 500) both missed Wall Street's expectations, although IBM (IBM, Fortune 500) topped estimates. Freddie Mac In major corporate news, Freddie Mac (FRE, Fortune 500) is considering a plan to raise new capital by selling up to $10 billion in new shares, according to a report in the Wall Street Journal. Energy Oil prices rebounded after sliding for the past three sessions. In electronic trading, crude futures climbed above $130 a barrel. Other markets Stocks in Asia erased early gains. Major European markets fell in morning trading. 
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| 18-Jul-2008 17:36 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i think we should ban shorting in the local market. this way, there will be less volatility, and less cowboy action. worser for the local BBs, but better for retailers. unfortunately, ours isn't quite a place that protects the small fries. |
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| 18-Jul-2008 17:32 |
Golden Agri-Res
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GoldenAgr
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wldn't personally be too alarmed by today's drop. if you sieve through the BUSD data, it's more opportunistic shorting than genuine distribution. evidence of it is in the final buyback at closing bell: 1883 lots. that's just the retail/small time shortists. throughout the day it was being shelled; appears to be more a local BB than a foreigner though, from the patterns. perhaps some minor foreign selling only. wait and see how. commodities had rallied earlier, so a pullback is inevitable. but if commods pullback, yet stocks don't go up, then commods are likely to rally again. it's a question of outlook: do you think the drawback in oil (and by extension CPO plays) is going to be a longterm downtrend, or is it more likely to retrace upward? therein your answer what to do with this counter. previous support is at 66c. MFI at 23 with today's action, so may still see a bit more selling before retracing back. caveat applies, not vested. |
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| 18-Jul-2008 16:07 |
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list of stocks with high dividend yields
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if those are interested in hunting: focus on macro factors and trends. ie, it's a down market for this year and next overall. So what industries do well in down markets? look for insulated industries and recession proof industries. inevitably, all industries will be affected, but which are less affected by a global downturn, and are likely to return fastest? check out SMB for instance. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3EC959B59A6D0F854825744A002861FB/$file/SMB_1Q2008_Results.pdf?openelement co managed to turn a 60% profit for the Q despite it being 'off season' for its cyclical business. it's in the switchgear biz, predominantly in singapore, servicing the construction (commercial and industrial sectors) and oil and gas industries (ie, macro trend outlook). currently below NAV (23.8 NAV, current px 20c), EPS has increased, turned from loss to profit. note, not vested. am just highlighting two for comparison: brief elfin tutorial. hehe. how to choose a high div yield stock when both are below NAV. |
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| 18-Jul-2008 15:58 |
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list of stocks with high dividend yields
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that would depend. if a stock is far below its NAV, there has to be a reason. If it's a turn around company, then it's worth buying to incubate. but if it's loss making, and deeper losses, then that's a no-no. eg, kyodo tops the list there, but if you read its AR: PAT dropped 87% yoy, total equities has decreased, cash flow dropped from 2,266 to 1,480 (figs in '000), EPS down from 1.03 to 0.12 , NAV down by abt 25%, business outlook (clean room equipment) is not good. ie, no go, despite its high dividend yield. where it will start looking good is if it can show a turn around: lesser loss, and business outlook is brightening. above is my opinion only. usual caveat applies. |
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| 18-Jul-2008 15:47 |
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Singapore in technical recession?
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what technical? Prices of food, water, electricity, oil etc have gone up, public transport due to go up, inflation up, exports down, wages at a constant/not matching inflation (except for ministers' salaries. ooh.) Global outlook down; US, our major export market, is down. If this is not a recession, what is? The surest sign is when a year ago, ministers' pay hiked up from 1.2mil to 1.9 mil, and now they say they can't raise workers' wages because it will "lead to an inflation spiral." The numbers are just a game of obfuscation. 
The facts, however, were there long ago. |
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| 18-Jul-2008 15:37 |
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list of stocks with high dividend yields
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there was a forumer asking about stocks with high dividend yields the other day; i can't find the thread anymore, so here's the list from ocbc. http://www.iocbc.com/index.jsp note that not all the stocks are stable stocks, or with good earnings forecast etc tho. you'll have to weed through the list. but still, it's a good place to begin. if in doubt, always take the blues and hte known names. the pennies require more research. but essentially, for longterm holders. if you look at the list: find those that are near NAV value, px more or less stable these past months. div yield > 5%. means that even in a bad market, the stock won't go down by that much (yes, there are such stocks: note though that in a bull market, they won't be chionging up fast), but there's a consistent 5% at least to look forward to every year. Plus chance to sell some at high px if they go up. Stress free investing, once your initial research has been done. cheers. |
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| 17-Jul-2008 14:37 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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if UJ breaks 10565 and EU drops below 15720, this rally may have some legs yet. |
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| 16-Jul-2008 16:44 |
Entertainment
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Fellowship of the Shares
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cool! you were in NDPs before? must have been fun, especially if you get to do the lights. 
imagine having the power to black out the stadium when the PM waves to the crowd.
fwah. malaysia in a mess man. ok, rainy weather is good for one thing: elfie's off to  . byebye.
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| 16-Jul-2008 15:36 |
ST Engineering
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ST Engg
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------------- ok. since i've locked in forex and am free for the day.  and as apologies to all here for kb-ing away. 
how to work with supports and resistances as per CWQuah's post, to build on it. Above is the STE weekly chart, for the past three years. I've drawn the supports and the peak on it. Why three years and weekly? because the aim is longterm, hence, you need to cancel out daily white noise of intraday fluctuations. A lot of people think you draw a line, and the support is the support, the resistance is the resistance. So if you buy at the previous support, it's "sure to win", and if you short at the resistance, it's "sure to win also." But there are two things to utilising a chart: 1) how to draw the S/R lines (support and resistance) 2) how to use it looking forward. To draw the lines are simple enough: see chart above. Where a support is formed is where the candlesticks form consistent bases at that price. it is especially good if you see a long resistance to breaking the support: notice the 1st support, the long black candlestick that touches it, and then rebounds to close above the high. that's your indication that it's a very firm support. ie, if it breaks it (and you're shortterm), you'd have cut and chose to short it. So (1): that's how you derive S/R levels: from the previous price/vol charting. 2) To apply the knowledge forward: why i keep saying the levels are fluid: note, as in the past: only when candlesticks form consistent bases is a support created. Hence, if you see the 2nd historical support, that's abt 2.66, which was what i had posted earlier. ie, somewhere around, and not exactly, that level is when you can expect the next px to dip to. BUT: will it be exactly that? Of course not! To determine where it will actually be, look at the data, realistically: Was there any consistent bases formed? No. Hence, you would not enter at 2.66 now, even though that was the previous support. The stock must find its own base before you enter. ie, support formed, then you enter. not before. o/w, it's called being trigger happy. it's buying on expectation and not reality. If i'm not mistaken, this is why i think a lot of newbies think TA is inaccurate? But methinks the course instructor/book probably failed to mention this. that applying the knowledge of S/R forwards, the candlestick bases must be consistent before you enter. o/w, really, if every support is always there, and every resistance is always there, who would lose in the market? (-_-")... hope this is helpful. and haha, stupidfool, not really. i haven't exactly had it easy, either. there are things we must always give for what we want. i'm sure you're doing well. 
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| 16-Jul-2008 15:07 |
ST Engineering
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ST Engg
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edit: thanks to all who are giving me good ratings. apologies for being such a whiner. hehe. do remember, you fire the gun, you bite the bullet. just as investors, be financially responsible for yourselves; and yea, a bear market is good: it knocks sense into us, who may otherwise think that money will always be easy.
and i just realised something from his lingo: trader88, you aren't just a man-off-the-streets trader. Which house you belong to? *grin* |
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| 16-Jul-2008 14:57 |
ST Engineering
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ST Engg
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that's what i meant. you're a trader. so why diss a long term strat? not everyone is that tech savvy enough--how many here have CFD accounts, for eg--or have the time/tools to keep watching the market, or the temperament to: in which case, really, for these folks, it's much better going longterm. it's about risk/reward ratio, and money management. short open is good; so i guess i won't havta tell ya that a bounce is in order in the general market soon; and shortists are likely to get caught out due to the thinness of market and lots of ppl waiting on sidelines. stupidfool, HNWI at 30/31 is just the first step. there are other milestones to hit along the way. so for eg, HNWI by 30/31, overseas properties by 45, self generating folio by 55, etcetc.
hehe. cheers to all. redash, HSI will affect broad market lah. it's oversold, and ppl are hungry for a rally. so if bad news are in, it's likely to be discounted cos it's already factored in; but good news will rally the market. eg, All you need is the notice that QDII is in, and you'll likely see a relief rally. |
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| 16-Jul-2008 11:37 |
ST Engineering
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ST Engg
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ah, closure of airspace. no wonder the dip. foreigners must have gotten wind of it earlier. yea, supremeA. thanks for the note of encouragement. am probably too short-tempered, but i can't quite stand it when one makes an effort to post things of value, and you get such comments in return. esp when i bother to put all the caveats, and to emphasize which strategy, suitable for which kind of people, and the info about supports and exact entries: i hardly believe even TA courses here will teach in such detail. fixed, critical minds are intolerable to me. it's casual cruelty. the market proves right in the end. this may shed more light on why i post the way i do: perhaps i'm a little different from most forumers here. because my own focus has always been for the longterm portfolio: ie, what will my portfolio be decades away, when i am 55? Rather than day to day "kopi money". What i am after is consistency of returns. That is measured over years. Wealth takes years to build, not days. I have had my targets set since i was 17. '97 financial crisis, '03 sars crisis, '07 bull, '08 subprime crisis. That's three bears, one bull. I'm not yet 30 but i've been through these and made through it all. And all i'm saying is, it requires different strategies to survive in each of these markets. And why i'm emphasizing longterm DCAing now rather than fast scalps (as opposed to last year) is because the odds for survival are much higher if you do longterm now, than if you scalp (for newbies, who have always been my main focus, since experienced traders will have their own methods). The days of easy money are over, let's face it. We've got to be realistic. You scalp now, sure, you make one day, but you lose another, so what's the point of all the effort and stress over the DJIA's every blip, every drop of the STI? (unless you're after the thrill, in which case, really, that's gambling.) even if you manage to beat the odds, for that amount of time and effort spent on the screen, you can easily put your money into a good stock, make just a couple of trades in six months, and still return more. I'm very practical: it's all about the least amount of effort to make the most amount of gains. eg, right now, i'm more than 50% in cash. one of my holdings is going to return >3.5% in dividends. that's just interim dividend. Am waiting for it to drop so i can buy in more. So there's a lot of machismo and gungho-ness about being right on fast scalps, but look longterm: why the rush? And also, right time period. is this really the time to "play hero"? that's why for myself, through the years, i've learnt long, mid, short term trading, and bothered to pick up FA as well. Apart from macro-trends. Currently forex. It's about learning all the way. So final note for the newbies: when you buy a stock, do you actually have a plan? What is your stop, what is your target, what is your contingency plan? And why, precisely, are you buying? Never just answer: "like that lor." or "it will go up." It must be clear in your mind. Evidence before movement.
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| 16-Jul-2008 10:28 |
Kim Eng
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Kim Eng
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i'd consider 1.26. (see the charts.). haha. |
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| 16-Jul-2008 10:27 |
ST Engineering
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ST Engg
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eh. you two guys are talking with the benefit of hindsight, which is 100%. it could have also went up from somewhere between then and now. plus, by your previous posts, you both are traders, not longterm holders. it's a completely dif strat you employ. and i said before so many times already, that the 'supports' and 'targets' (if this makes it clearer for people) are FLUID. what price you actually enter/exit is determined only by that week/day itself. So if i were in this counter, would i have entered at 2.66? No. Why? Because no where in the charts indicate that 2.66 is a viable support. At least 5 days closing px constant at that level. the trouble with a singaporean mentality is that it *must* be this way, or it is *that* way. So black and white. So concrete. How to succeed in a marketplace that is above all, fluid? that's one of the reasons i don't like giving strike prices and targets on SJ, you get all sorts of 'buay zhun' and 'wahhh, zhun ah!' talk. which is gambling. Differentiate between the stocks, the strategies, and the personalities required for each. |
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