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Money cost averaging........ if only we could be more than 70% sure its bottom price will be!
rueyloon ( Date: 16-Jan-2009 00:19) Posted:
Hello, to all the experts here.
I got 6 lots of Golden Agri at $1.80.... should I average down ? What do you guys think is the prospect for its future ? I don't have much time to monitor and I don't mind waiting, so I'm very much a "buy and put aside" type of trader.
Thanks
cheers |
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I am afraid, I am not vested.
janel0ve ( Date: 15-Jan-2009 21:42) Posted:
Hi fellow members,
My name is Jane & I have something to share here.
I am trading forex on a part time basis while working as a personal trainer for my day job.
I have invested in the forex robot called " Fapturbo" which claims that it can help you double your capital every month...
....and testing it on my own trading account now.
The actual results with both earnings & losses would be posted on my personal blog here:
=> http://janesfapturboreview.blogspot.com/
Feel free to read the details and see my current earnings of USD $54.53 trade "automantically" by this robot in the blog too.
Cheers to all and may 2009 be an even better, healthier and wealthier year for you!
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One bottom line question, nowadays, can Bank's property valuation be trusted? I wonder, it will maintain a lot of conflict of interest between parties involved.
tchoonw ( Date: 15-Jan-2009 13:24) Posted:
A DOWNTURN is usually the time for bargain-hunters to snap up properties on the cheap. But for now at least, the reality could not be more different, as prospective buyers discover.
Said Ms K Chan, a HDB dweller looking to upgrade to a condo: "I thought this would be a good time to pick up a good bargain. But owners are still asking for sky-high prices."
According to industry players, the volume of transactions in the last month or so has dropped to a level only witnessed during the Sars outbreak when the market was practically frozen.
The reason? A growing gap between falling bank valuations - which determine how large a bank loan buyers can take - and high asking prices by highly-geared sellers needing to pay off their outstanding loans.
A random check by Today on 15 homes for sale - condos and various landed property types spread across the island - found stark differences between what owners are asking for and preliminary valuations by independent professionals.
While it is normal for initial asking prices to be higher than the conservative value banks attach to a property, in six cases that Today found, the valuations were less than two-thirds of the asking price.
For instance, while an owner of a four-storey bungalow in Holland Grove Drive was asking for $ 7.2 million, his property was valued at just $3.3m. Likewise, a Caribbean at Keppel Bay unit valued at about $700,000 was being touted for sale for $1.1m.
Better for sellers to cut losses now
Property agent Michael Leong lamented: "It's very difficult to negotiate deals these days. Both sellers and buyers would hesitate for really long and in the end, they still cannot agree on the price."
Chesterton Suntec International director Colin Tan said the property bull-run of yesteryear - which pushed prices to record levels - has resulted in once-overly-bullish investors held hostage by the large loans they undertook.
HSR Property Group executive director Eric Cheng thinks this is especially so in the luxury segment, where "people are more likely to be highly geared and own more than one property".
For sellers unwilling to budge on their asking price, the latest Citigroup report on the property market makes for grim reading.
The bank forecasts mid-tier to high-end residential property prices here to fall another 35 per cent, bringing "prices back to 1998 levels". For prices of luxury properties such as Ardmore Park, the fall would be even steeper - up to 60 per cent from their peaks two years ago, Citi estimates.
Noting the current general scarcity of cash, Mr Tan said: "For sellers, maybe it's better for them to cut losses now, rather than take a bigger loss later on. But sometimes you have geared up so much, the situation is out of your hands - you are stuck."
Buyers can wait
Before buying a property, buyers can request from banks a preliminary valuation - determined by an independent professional - which estimates a property's open market value.
Such a valuation takes into account, among other factors, recent transactions and property launches in the vicinity. The banks would then carry out a final valuation onsite before granting a loan, capped at 90 per cent of the purchase price or valuation, whichever is lower.
According to Mr Cheng, the final valuations usually do not veer much from the preliminary ones. In rare cases, banks may increase their valuation - by up to 20 per cent - to match the asking price, provided they are convinced of the buyers' ability to finance the loan, he said.
Still, the lack of activity in the property market, to some extent, means valuers are groping in the dark when setting the property value. "A lot of it is based on gut-feel," said Mr Cheng.
But Mr Dennis Ng, spokesman for mortgage consultancy portal
For now, Chesterton Suntec International's Mr Tan has this advice for prospective buyers: "You can afford to wait. Only go (into a transaction) when it is a property you really like and it is within your affordability." www.housingloansg.com, believes that valuations accurately reflect current dire sentiments. He predicts the impasse will be broken in the second half of the year - when it becomes a buyers' market. "Ultimately one party will give way," said Mr Ng. |
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Sti will test 10,000 in 2009, if your message was wrong below. Ha... ha... ha..
tchoonw ( Date: 15-Jan-2009 14:21) Posted:
sti will test 1000 in 2009 if you message is true below!
hotstock ( Date: 15-Jan-2009 14:15) Posted:
We have entered into the Phase 2 of Financial Meltdown. I believe the off-balance sheet losses in US banks are starting to feature on the bottom line as I suspected more and balloon losses for Q4.
Asia market melts this morning and STI has broken through support with ease. Those who still hold on better watch out. |
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Why did not you post it last 10 days, as such we did not buy any counter with presented paper loss by today? Should we cut loss at today price level?
hotstock ( Date: 15-Jan-2009 14:29) Posted:
| A few things that are quite sure:
1. The hole in US Financial market is very deep and it is impossible to recover from a stab so easily. Restructuring causes deconsolidation and this entails conservative business strategy which would make the recovery a long and slow one.
2. Possible of legal lawsuit as a result of this subprime fallout and eventual all the CXO products. We still have not heard one brought to court yet. So the settlement is expected to be another huge hole.
3. What can Fed and Central Bankers do? Interest rate is rock bottom, bailout not effective as thought. More bailout, more $$ injection. When to stop?
4. Local economy has not been spared. Waiting for budget announcement? I do not see much impact. Forget about multiplier effect. The equation will tend towards saving instead of consumption. Playing with the equation will not take effect immediately.
5. Just took a peep at the STI and see some buying goes on. Yes there is always someone selling, otherwise no buyer around. Do not see this sharp drop a buying opportunity. So wat if next week is the budget day. Especially for weak hand, stay out and conserve you cash. Wait for the reporting to be over and assess the situation. It is not worth the risk if you calculate it yourself.
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At Sgd. 0.01 I have taken already, so slowly accumulated as much as I could at the lowest possible price now.
StarLine ( Date: 13-Jan-2009 01:48) Posted:
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Hi, Hulumas.
Good Luck !
But maybe you should monitor these few days,
and see whether there are so much available even at $0.01.
Cause I don't see a lot of lots being available for sale.
Maybe you should start to take them at $0.01, instead ?
Hulumas ( Date: 12-Jan-2009 10:51) Posted:
| Today I queue buying 5000 lots at Sgd. 0.005! Hope I can get it done |
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KXD, China Jishan, China Infrastructure, China Fashion, Zhongguo Jilong and Shanhai Turbo.
freeme ( Date: 14-Jan-2009 18:01) Posted:
List your 5 penny stocks (those below 10cts) and entry price which you think got the potential to cheong after the crisis is over:
My picks:
Darco @ $0.06
Ellipsiz @ $0.035
Unfiber @ 0.03
Whats your pick?
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Oh no, another huge paper loss subjected to SPH of my stock portfolio. I 'll wait price reaching Sgd. 2.38 than money cost averaging.
hotstock ( Date: 13-Jan-2009 16:42) Posted:
| even rock solid SPH is so disappointing. 35% gone since the start of bear |
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Is there any good news? We want good news, not bad news!
hotstock ( Date: 13-Jan-2009 15:41) Posted:
2 pieces of news that might rock Dows tonight:
1. JPM earning results changed. Negative
2. Bank of America downgraded. Negative
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Today I queue buying 5000 lots at Sgd. 0.005! Hope I can get it done.
StarLine ( Date: 11-Jan-2009 00:38) Posted:
I came across an article from TV that Shenzhen corporations are trying to get away from labour intensive industries, to more advance technology instead.
Maybe that will somehow give KXD a better direction to work on ?
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I should say "Ma HO Pao".
victorian2 ( Date: 26-Dec-2008 09:58) Posted:
| agree....don"t understand why can"t they wait for firesale prices. |
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Could it be some personal interest involved? Trust the fact and most possible future development, rather than any body's analysis I suppose, especially in Global Financial Tsunami uncertain global stocks revaluation and deleveraging various asset classes in process!!!
richtan ( Date: 09-Jan-2009 12:24) Posted:
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DBS Group Research . Equity
Attractive valuations versus growth
We believe CHHS’ earnings should grow at a CAGR of almost 20%
between FY08 and FY10, driven by the Group’s plans to continue
expanding its number of points-of-sales by 600 per annum over the next
2 years. Backed by net cash/share of S$0.17, we believe CHHS is
significantly undervalued and reiterate our Buy call with TP at S$0.32,
pegged to 7.0x PER09.
Investor interest remained keen at our ‘Pulse of Asia’ Conference.
China Hongxing had the opportunity to meet up with over 30 fund
managers and buy-side analysts, with a packed group presentation
meeting, to provide an update on their business.
Earnings growth intact
it should continue to see firm top line growth, driven by its aggressive
store expansion plan to open 600 POS per year in FY09 and FY10, which
will bring the number of stores from c. 3,850 by end FY08 to 5,050 by
end FY10. At the same time, the Group believes that with a fast-growing
segment of middle class consumers and affordability of its products
versus international brand names, that it can continue to capture more
market share. Hence, we maintain our projections that earnings of CHHS
can grow at a CAGR of almost 20% between FY08 and FY10, from 3.8
Scts to 5.4 Scts, driven mainly by its expanding store network. . China Hongxing maintained its optimism that
RMB1.0b+ prepayment expected to be duly collected.
prepayment paid by CHHS on behalf of distributors to secure prime
locations for new stores would be completely collected by early 2010. So
far, there has been no delay or default of distributors’ repayment. The
management has no plan to carry out such scheme again in future. The
Margins sustainable.
improve in the long term, driven by a better sales mix from the highermargin
apparel and accessories segments. Since A&P budget is pegged
to revenue and there’s not much debt, the operating margin and net
margins are also expected to improve over time. The company’s overall gross margin should also
Attractive Valuation.
only 4.0x FY10 earnings, which is significantly under the peers’ average
about 7.3x FY09. Maintain Buy, with our target price at S$.032, pegged
at 7.0x PER09, backed by S$0.17 of net cash/share. Valuations are undemanding at 4.7x FY09 and
richtan ( Date: 09-Jan-2009 12:10) Posted:
(XFN-ASIA) - DBS said it kept its "buy" rating on Singapore-listed sportswear maker China Hongxing Sports as the company's earnings should grow on expansion plans.
However, the brokerage slightly lowered its price target to 0.32 sgd from 0.33 sgd.
"We believe China Hongxing's earnings should grow at a CAGR of almost 20 pct between fiscal year 2008 and fiscal year 2010, driven by the group's plans to continue expanding its points of sales by 600 per annum over the next two years," DBS said in a note to clients.
DBS said the company, which is backed by net cash per share of 0.17 sgd, is significantly undervalued.
China Hongxing's overall gross margins should also improve, driven by better sales mix from the higher-margin apparel and accessories segments, DBS said |
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What does the table mean to us?
jackjames ( Date: 09-Jan-2009 11:40) Posted:
| 11:28:03 |
0.01 |
100,000 |
Buy Up |
| 11:24:27 |
0.01 |
100,000 |
Buy Up |
| 11:14:34 |
0.01 |
50,000 |
Buy Up |
| 11:11:17 |
0.01 |
79,000 |
Sell Down |
| 11:08:11 |
0.01 |
150,000 |
Sell Down |
| 11:06:14 |
0.01 |
71,000 |
Buy Up |
| 10:59:54 |
0.01 |
100,000 |
Buy Up |
| 10:58:48 |
0.01 |
80,000 |
Buy Up |
| 10:57:06 |
0.01 |
149,000 |
Sell Down |
| 10:56:13 |
0.01 |
2,300,000 |
Sell Down |
| 10:53:24 |
0.01 |
100,000 |
Sell Down |
| 10:52:50 |
0.01 |
800,000 |
Sell Down |
| 10:52:07 |
0.01 |
200,000 |
Sell Down |
| 10:45:20 |
0.01 |
40,000 |
Sell Down |
| 10:19:30 |
0.015 |
200,000 |
Buy Up |
| 10:18:28 |
0.015 |
100,000 |
Buy Up |
| 10:16:51 |
0.015 |
200,000 |
Buy Up |
| 10:09:53 |
0.015 |
1,000 |
Buy Up |
| 10:08:38 |
0.01 |
7,336,000 |
Buy Up |
| 9:44:37 |
0.01 |
500,000 |
Buy Up |
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Dear Ekekeg,
I am afraid, I think other way. I 'll wait till DBS reaching price at around SGD. 5.00 than I 'll start accumulating. Just my personal feeling no financial based study!
ekekeg ( Date: 09-Jan-2009 11:29) Posted:
Smart people buy when others are selling cheap. DBS mother share oversold. Price should be theoretically 20 cents (pending quarterly dividends as promised) higher than its DBSR + $5.42 (no divodends). So mother share is being sold off cheap. It could be a mistake thus should recover afternoon.
Laulan ( Date: 09-Jan-2009 11:05) Posted:
| Poor DBS!! Battered like a pancake. Pity those who buy. |
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Generally speaking, it is no longer a good time and gain probability to short any counter I suppose.
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THANKS be to GOD, now it should turn rotational interest to fulfill my dream of KXD preliminary target price at Sgd. 0.085.
Hulumas ( Date: 04-Dec-2008 11:40) Posted:
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Dear Farmer,
Congratulations, eventually your dream has come true, now KXD at Sgd. 0.005 and Sgd. 0.010!!!
Hulumas ( Date: 06-Jun-2008 16:58) Posted:
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Dear Farmer,
I know price wise all depends to the market supply and demand force. However, your last posting sentence is entirely not appropriate and could result and hurt whoever KXD's investor especially the esteemed KXD company.. |
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Thanks be to God. We are happy. Today it is flying with preliminary target to Sgd. 0.085 I suppose.
hahalol ( Date: 09-Jan-2009 06:43) Posted:
be patient .. soon it will fly
Hulumas ( Date: 08-Jan-2009 22:29) Posted:
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Any bad news?
Hulumas ( Date: 05-Jan-2009 19:22) Posted:
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It is correction due to taking profit from recent minor rally, definitely not CRASH! Why do you like to say CRASH?
Begineer ( Date: 07-Jan-2009 15:00) Posted:
| Why market crashed again ? :(
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Any good news?
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