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05-Aug-2010 17:45 All-S Equities Fin / SINGAPORE BANKS - UOB + OCBC + DBS Go to Message

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x 0 S$230 mIllIOn is a prOvIsIOn fOr

prOduct / dEbt rIsk ? ? ? ?

nOthIng tO dO wIth aTm or I.T. sysTems ? ? ? ?

sOunds like DBS's CAR is iNadequate tO cOver its rIsk asseTs ? ? ? ?

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05-Aug-2010 17:40 All-S Equities Fin / SINGAPORE BANKS - UOB + OCBC + DBS Go to Message

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x 0 DBS: To set aside S$230m capital

Summary: DBS yesterday released details of its findings following investigation into its systems outage on 5 Jul 2010. Together with the findings, it has also announced processes and corrective procedural actions to prevent a recurrence of the situation.

In addition, MAS now requires DBS to apply a multiplier of 1.2x to its risk-weighted assets for operational risk. As a result of this, the group has to set aside an additional S$230m in regulatory capital.

As of 30 Jun 2010, DBS’ Tier 1 capital and total capital adequacy ratio (CAR) were 13.1% and 16.5%, respectively. As a result of the sanction, its pro-forma Tier 1 capital is 12.9% and total CAR is 16.3%.

We do not expect the additional S$230m in regulatory requirement to have a significant impact on its operation. We maintain our BUY rating with fair value estimate of S$16.00. (Carmen Lee)

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05-Aug-2010 17:32 DBS / DBS Go to Message

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x 1 DBS: To set aside S$230m capital

Summary: DBS yesterday released details of its findings following investigation into its systems outage on 5 Jul 2010. Together with the findings, it has also announced processes and corrective procedural actions to prevent a recurrence of the situation.

In addition, MAS now requires DBS to apply a multiplier of 1.2x to its risk-weighted assets for operational risk. As a result of this, the group has to set aside an additional S$230m in regulatory capital.

As of 30 Jun 2010, DBS’ Tier 1 capital and total capital adequacy ratio (CAR) were 13.1% and 16.5%, respectively. As a result of the sanction, its pro-forma Tier 1 capital is 12.9% and total CAR is 16.3%.

We do not expect the additional S$230m in regulatory requirement to have a significant impact on its operation. We maintain our BUY rating with fair value estimate of S$16.00. (Carmen Lee)

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05-Aug-2010 16:20 User Research/Opinions / ShareJunction Trading Discussion Hub Go to Message

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How does Singamas

compared to GOODPACK ?

KEahzq ( Date: 20-Jul-2010 09:38) Posted:

Shipping:

Singamas Container Holdings, the world's 2nd biggest maker of container boxes, commented prices will rise as much as 9% by end-2010 as shippers struggle for containers amid rebounding global trade.

The price of a standard TEU has already risen 50% YTD and it may climb to approx US$3,000 as early as Dec 10.

It believes that the global dearth of containers may persist for as long as 2 years as box-makers have to reactivate plants idled during the global recession.

The market is quite tight right now and shipping lines have to bring back empty containers from Europe and the US to meet Asia's export demand.

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05-Aug-2010 16:11 Neptune Orient L Rg / NOL Go to Message

x 0
x 0 if ALL NOL ships are FULLY deployed,

WORLD RECOVERY is in FULL STEAM ? ? ? ?

The Other three Shipping TRUSTS will return to gOOd Times sOOn ? ? ? ?

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05-Aug-2010 15:29 AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m Go to Message

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down trend channel

REVERSAL ?

pharoah88 ( Date: 26-Jul-2010 08:39) Posted:

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05-Aug-2010 15:07 Informatics / Road to recovery in next 1-2 years Go to Message

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Nothing to fear but FEAR of FAILURE

One of the reasons Virgin’s enterprises have been successful over the years is that we empower the staff to make mistakes — and then learn from them. Since our management structure is very decentralised, our teams are challenged to run the businesses as if they were the owners. I have found that this creates a high level of loyalty, devotion and innovation.

When things do go wrong, the team members feel such ownership of the enterprise that they usually roll up their sleeves and turn it around.

This ability to bounce back after a setback is the single most important trait an entrepreneurial venture can possess. If innovation is at the heart of your business, obstacles come with the territory. How you react to and navigate those hurdles will make the difference between failure and success.

I’ve been lucky enough to helm many successful companies, but I’m the first to admit that I’ve also directed a few that failed.

You may have heard of Virgin Cola, a company we formed in the ’90s to take on the industry’s two big powerhouses: Coca-Cola and Pepsi. We attempted to shake up the market in true Virgin fashion, but it didn’t quite work. From the outset, we faced distribution issues — we couldn’t get Virgin Cola on the shelves in the numbers needed to make an impact and achieve economies of scale.

We certainly didn’t lack enthusiasm, but we quickly learned that the two giants had a firm grip on the market. It was tough to find their weaknesses. Taking on two of the biggest brands in the world, both of which proved to be anything but complacent, was a tremendous lesson for all of us.

Still, one of my fondest memories is of our publicising Virgin Cola’s attack on Coke by driving into New York’s Times Square in a huge army tank and taking aim at the Coca-Cola billboard!here is no better way to learn how to succeed in business than to learn from mistakes — yours or someone else’s. I often come across case studies looking into how and why certain companies smashed records, busted budgets and succeeded beyond all imagination. Those studies have their uses, of course, but it’s the stories of businesses that didn’t turn out so well that truly interest me. I learn much more from them.

BOUNCING BACK

A more recent example involves Virgin Money (our financial-services arm) in Australia, where we introduced our first Virgin branded credit card in 2003.

The Australian banking industry is monopolised by four major concerns: ANZ Bank, Commonwealth Bank of Australia, National Australia Bank and Westpac Banking Corporation. Altogether, they handle 80 per cent of all banking transactions in Australia. Though we entered the market for the right reasons and had a terrific product, we took the wrong approach with the partner bank that issued the card, which eventually led to the business’ demise.

It was a tough loss for many of our customers. As a matter of fact, when I’m in Australia, I still meet people who carry their old Virgin cards in their wallets! We vowed to launch an even better card as soon as the right opportunity presented itself.

Which brings me to the next stage:

Bouncing back. Nearly three years after the failure of the original Virgin credit card, I have returned to Sydney both to relaunch a range of card products and to start the Virgin Saver online savings account. The difference this time: We have the right people and the right partner (Citibank) for achieving long-term success.

I suppose the SECRET to bouncing back is to be unafraid of failure. Setbacks are discouraging, but you should always try to channel that feeling into positive action.

The key to Virgin’s continuing success has been this simple idea: When we get something wrong, we try to understand why and quickly make a change. Then we focus on what works and take it to the next country or industry or sector.

If you can identify and learn from your mistakes, you have a much greater chance of bouncing back from them — and succeeding the next time.

The writer is the founder of the Virgin Group and companies such as Virgin Atlantic, Virgin America, Virgin Mobile and Virgin Active.

Richard Branson

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05-Aug-2010 14:57 SMRT / SMRT Go to Message

x 0
x 0 wIll rIdershIp revenue cOntInue tO fall ? ? ? ?

wIll Circle Line Cost cOtnInue tO rIse ? ? ? ?

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05-Aug-2010 14:50 SMRT / SMRT Go to Message

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So, where will all the cars go?

With many HD B households owning more than one car, better planning is needed

The doubling of the charges from $2 a night to $4 will affect 1,308 car parks islandwide, or more than 65 per cent of the 1,810 HDB car parks and about 9 per cent of the 784 URA car parks.

Obviously, car owners are parking at these lots because they have few other places to go to. Many have applied for season parking but due to the limited lots available, have not been successful. (By the way, although I am an HDB dweller, I do not contribute to any car park congestion as I do not even hold a driving licence.)

The night parking scheme (NPS) was introduced in 1976 to cater to short-term visitors of HDB flats, and allows for cars to be parked in these lots from 10.30pm to 7am. “The scheme was implemented in car parks where there were adequate parking spaces to meet season parking needs,” a joint statement said.

The obvious solution to the problem is, of course, to build more car parks to meet the increased demand from car owners.

But a look at the HDB’s annual report for 2008-2009 showed that the number of car lots at its car parks fell from 557,855 to 557,799 units.

Although the decrease was by a mere 56 lots, the question is, at a time when one should be providing even more lots, why was this allowed to happen?

Poor planning appears to be the main culprit. Situations like this, like the need to keep up with increased demand for HDB flats, are eroding Singapore’s reputation for good planning and efficiency.he decision by the Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA) to increase night parking charges appears to be another attempt to close the stable door after the horse has bolted — or in this, case after the cars have come in.

Conrad Raj

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05-Aug-2010 14:25 Thomson Medical / dancing with former remiser king Go to Message

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05-Aug-2010 14:12 Others / TRADE FREELY & LiVE LONGER Go to Message

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Keat
weekeat@mediacorp.com.sg
SINGAPORE
here can soon undergo health screenings at
nominal rates which are about the same the
price as of a plate of chicken rice.
This is part of the national implementation
of the People’s Association (PA)
Wellness Programme, which has screened
13,000 seniors since 2008.
The programme aims to help seniors
stay active and healthy, with health screening
being a key feature.
Seniors’ blood pressure, blood glucose
and blood cholesterol levels and those
found to be at risk will be encouraged to
see their family doctors and nurse educators
for follow-ups.
Three out of four seniors screened so far
have been diagnosed to be at risk, showing
symptoms that could lead to ailments such
as kidney failure, stroke or a heart attack.
Health screenings for the 12,000 more
seniors are scheduled to take place between
this month and March 2012.
Retiree Low Ngian Woo learnt he had
high blood pressure after undergoing a PA
health screening in May last year. Since
then, the 60-year-old has begun exercising
with other seniors from Paya Lebar
constituency, brisk walking twice a week.
Mr Low also visits his neighbourhood
Wellness Centre every Wednesday for a
free blood pressure check, and for social
activities such as folk dancing with his
wife. “The way we live has changed since
that screening. We no longer stay at home
the whole day and waste our time,” he said.
Besides health screenings, PA also intends
to deepen social engagement among
seniors through social interest groups such
as classes on healthy cooking.
A recent survey PA conducted of 419
seniors found little improvement in their
consumption of fruits and vegetables. Only
four in 10 eat at least two servings of fruits
a day, a slight decrease from 43 per cent a
year ago.
To address this, seniors at the Paya Lebar
Community Club formed a group advocate
healthy cooking — using more vegetables
and fruits in their dishes and cooking
methods that cut the use of fats, salt and
sugar. Members take turns to share recipes
through cooking demonstrations and a pot
luck party is held after each session.— Around 12,000 more seniors
Retiree Low Ngian Woo,
left, and his wife now lead a
more active lifestyle, after
he was diagnosed with high
blood pressure at a PA health
screening in May last year.
LEONG WEE KEAT

More check-ups that cost as little as chicken rice
Leong Wee Keat

weekeat@mediacorp.com.sg
SINGAPORE
This is part of the national implementation of the People’s Association (PA) Wellness Programme, which has screened 13,000 seniors since 2008.
The programme aims to help seniors stay active and healthy, with health screening being a key feature.
Seniors’ blood pressure, blood glucose and blood cholesterol levels and those found to be at risk will be encouraged to see their family doctors and nurse educators for follow-ups.
Three out of four seniors screened so far have been diagnosed to be at risk, showing symptoms that could lead to ailments such as kidney failure, stroke or a heart attack.
Health screenings for the 12,000 more seniors are scheduled to take place between this month and March 2012.
Retiree Low Ngian Woo learnt he had high blood pressure after undergoing a PA health screening in May last year. Since then, the 60-year-old has begun exercising with other seniors from Paya Lebar constituency, brisk walking twice a week.
Mr Low also visits his neighbourhood Wellness Centre every Wednesday for a free blood pressure check, and for social activities such as folk dancing with his wife. “The way we live has changed since that screening. We no longer stay at home the whole day and waste our time,” he said.
Besides health screenings, PA also intends to deepen social engagement among seniors through social interest groups such as classes on healthy cooking.
A recent survey PA conducted of 419 seniors found little improvement in their consumption of fruits and vegetables. Only four in 10 eat at least two servings of fruits a day, a slight decrease from 43 per cent a year ago.
To address this, seniors at the Paya Lebar Community Club formed a group advocate healthy cooking — using more vegetables and fruits in their dishes and cooking methods that cut the use of fats, salt and sugar. Members take turns to share recipes through cooking demonstrations and a pot luck party is held after each session.— Around 12,000 more seniors here can soon undergo health screenings at nominal rates which are about the same the price as of a plate of chicken rice.

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05-Aug-2010 14:00 Genting Sing / Genting SP Next Move Go to Message

x 0
x 0 informatIcs is the BEST multi-bagger in July - August 2010

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05-Aug-2010 13:58 Genting Sing / Genting SP Next Move Go to Message

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earthworms got no sex organs ?

used to feed earthworms to chickens and ducks during childhood days

DnApeh ( Date: 03-Aug-2010 20:39) Posted:

The most common hermaphrodites are earthworms, and that makes me think of "grass-root leaders" LOL!

pharoah88 ( Date: 03-Aug-2010 17:28) Posted:

Hermaphrodite

Is this THiNG a LEGEND ?

Is this THiNG REAL ?

Is this THiNG iN SiNGAPORE ?

WHERE tO sEE this THiNG iN SiNGAPORE ?

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05-Aug-2010 13:45 Others / TRADE FREELY & LiVE LONGER Go to Message

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Here comes project X Ah Long

1-800- 924-5664

S RAMESH

rameshs@mediacorp.com.sg

SINGAPORE

Project “X Ah Long” promises anonymity as no details of the caller will be taken unless he volunteers the information. Information from the hotline callers, which will be kept confidential, will be channelled to the police to assist them in their work.

Efforts by the police against loansharks have shown positive results.

Between January and June, 789 people were arrested for unlicensed moneylending and harassment, up from 419 during that period last year.

This despite the fact that the number of unlicensed moneylending and harassment cases has decreased from 9,424 cases in the first half of 2009 to 8,654 cases in the same period this year, the police said.

And the community is playing a pivotal role in tackling these crimes, especially in the heartlands, said the chairman of the Government Parliamentary Committee (Law and Home Affairs), Mr Alvin Yeo.

The formation of Neighbourhood Watch Groups was useful because the police cannot be everywhere, 24 hours a day, he said.

The other aspect is public education. “The public needs to know that, if they have financial difficulties, they should approach the right people, the credit counselling service and not borrow from loansharks,” said Mr Yeo.

The hotline number 1-800- 924-5664 will be publicised on new media platforms like NCPC’s website, Facebook page and forums.

It will be on trial for a year.— The National Crime Prevention Council (NCPC) will launch a hotline project called “X Ah Long” today in an effort to complement the police’s battle against loanshark activities. The hotline offers an option for people who may not want to approach the police directly, said the NCPC.

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05-Aug-2010 13:35 Informatics / Road to recovery in next 1-2 years Go to Message

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Informatics

Symbol:
I03

Currency:
Singapore Dollar

Last:

0.18

+ 0.015

Vol (K): 50904.0

Trading
Updated Time	05-Aug 13:03
Open	0.165	High	0.185	Low	0.16
Prev Close	0.165	Buy	-	Sell	-
Volume(K)	50904.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	0.165	52 Wk Low	0.045	52 Wk Avg Vol	2695.4
All Time High	2.82	All Time Low	0.015
Comments	Near 52 wk high

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	30-Jul-2010	Financial Year	31-Mar-2010
Current Year Profit (After Tax) $'000,000	3.962	Previous Year Profit (After Tax) $'000,000	4.367
Net Asset Per Share	0.0	Turnover $'000,000	365.11
Current Year EPS (After Interest and Tax)	0.0	Previous Year EPS (After Interest and Tax)	0.0
PE Ratio (After Tax)	0.0	Times Covered	0.0
Price (at update time)	0.135	Dividend Yield	0.0

*Technical Analysis Information is updated Daily

Technicals
RSI	88.13	Williams %R	0.0
Comments (RSI)	Overbought	Comments (W%R)	Overbought

Intraday Chart

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05-Aug-2010 13:08 All-S Equities Fin / SINGAPORE BANKS - UOB + OCBC + DBS Go to Message

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21 DBS, POSB bank accounts hacked [Archive] - SPUG Forums

29 posts - 17 authors - Last post: 5 Jul 2002

i wonder if it is easier to obtain passwords for dbs accounts than ... tell me all 21 were surfing net at cybercafes, airport, libraries? ...
www.spug.sg/forums/archive/index.php/t-28578.html - Cached

http://www.spug.sg/forums/archive/index.php/t-28578.html

visorgirl

4th July 2002, 08:24 AM

Originally posted by JeromeZ
actually i think it is of no fault of the customers in this incident. JUSTIFICATIONS (sounds familiar? :D) are as follows:

1) 21 accounts being hacked into is a major incident. it's understandable that it may be end-user's carelessness if it's a single incident - but don't tell me all 21 were surfing net at cybercafes, airport, libraries??? It isn't very common to see people doing internet banking at those public places simply because it doesn't make any sense?!? Any sane fella would do their banking at the ATM!! (Even fund transfer, right?!?)

2) The Bank has indicated that the user not flushing caches, etc may be another possible cause, but excuse me, in order to access the cache in the hard disk, you do need physical access to the computer followed by spending another hour or two to search, decode re-enter the system to perform the hack. Get a person to do this 21 times?

3) If trojan horses and other background spying programs could have been the method of obtaining the passwords, it is still of extreme difficulty to get the exact user ids and pins. Reasons: (a) keystroke logging programs only capture keystrokes - they don't care if you are going to jump around windows. it becomes difficult to distinguish if keystrokes are for DBS Internet Banking or if you are entering the keystrokes into another window. (b) if the 'virus' or trojan horse is aimed at DBS banking by capturing only keys sent to a browser on that site, it has to be a customised program written by the culprit. In this case, I think the mailing list of the culprit is questionable - how did he mass mail his 'work'? if yes, is DBS able to prove this by retrieving this particular email from the victim's PC? DBS SHOULD NOT ACCUSE CUSTOMERS of not having anti-virus or firewall programs without evidence.

4) What about packet sniffing and network tampering? If the culprit was a very IT capable person, could he have sniffed and modified network packets by targeting the bank's servers? Sometimes such tactics work very well - if you play Blizzard's Diablo II, you should know what I'm talking about.

5) Someone has mentioned that the culprit changed the mailing address of accounts before making the transactions, making the victims becoming unaware of unauthorised transactions. An online banking system should have been designed to verify such important changes before allowing further transactions. If this is the case, the bank should be sued for negligance. Realize that the bank has made too many defensive remarks when the above possibility is very high.

Do comment if I'm wrong. I'm laid here well garnished to be a flame bait.

Really, probably the most insightful of all posts on this subject in the "local news" type forums of various Singapore websites that I've read so far.

Beats me why no one has yet (until this post) looked beyond the surface until now. Case of creativity stifled? If you can't look beyond the excuses given, how can you build a creative society?

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05-Aug-2010 13:03 All-S Equities Fin / SINGAPORE BANKS - UOB + OCBC + DBS Go to Message

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15-Jul-2010 13:07 About Richman Contact Quote!

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x0 Extracted from the website

DJ MARKET TALK: DBS' HK$651M Payment Unlikely To Hurt Shares
2010-07-15

[Dow Jones] DBS' (D05.SG) obligation to pay HK$651 million (S$115 million) to many of its customers in Hong Kong who bought Lehman Brothers-linked structured derivatives products unlikely to have major impact on share price as provisions already made. According to DBS spokeswoman, provisions set aside in past several quarters. 2,160 customers, about 60% of total who bought these complex products through DBS, will be fully reimbursed, while any payments to remaining investors will be based on merits. "They made a fair bit of provisions in the first quarter, to the tune of S$355 million. So if this Hong Kong payment is already provided for, there should not be any risk," says analyst at foreign brokerage. Stock closed +1.8% at S$14.78 yesterday, likely to track broad market performance, with resistance eyed at S$15.00, support at 5-day moving average of S$14.38.

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05-Aug-2010 12:59 DBS / DBS Go to Message

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is this a

gOOd Or bAd

reasOn ? ? ? ?

incirent ( Date: 02-Jul-2010 22:15) Posted:

Please do not forget that Tamasek is a major stake holder. Smiley

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05-Aug-2010 12:52 Informatics / Road to recovery in next 1-2 years Go to Message

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x 0 Informatics (I03.SG) +7.4% at $0.145 on strong volume, extending sustained gains since July 21, when stock closed at $0.06, says Dow Jones.

Interest in otherwise thinly-trade stock driven by high-profile Singapore investor Peter Lim’s recent buys in education group from open market, raising his stake to 13.26% from under 5.0% last month.

Lim’s other investments include

Wilmar (F34.SG), UPP Holdings (U09.SG), Healthway Medical Group (5NG.SG).

“The recent surge in Informatics’ stock price on high volume points to expectations of continued earnings recovery,” says Kim Eng Securities, which has no rating, “Informatics is debt-free and has cash comprising 70% of its balance sheet. This should provide the firepower management needs to execute its M&A strategy.”

Orderbook quotes suggest price may test $0.155.

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05-Aug-2010 12:50 Informatics / Road to recovery in next 1-2 years Go to Message

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WHAT is the CASH S$ amount in the Balance Sheet ?

jovenus ( Date: 04-Aug-2010 22:53) Posted:

Written by The Edge

Monday, 02 August 2010 16:42

http://www.theedgesingapore.com/the-daily-edge/business/18598-informatics-74-well-placed-for-maas-kim-eng.html

“The recent surge in Informatics’ stock price on high volume points to expectations of continued earnings recovery,” says Kim Eng Securities, which has no rating,

“Informatics is debt-free and has cash comprising 70% of its balance sheet.

This should provide the firepower management needs to execute its M&A strategy.”

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