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Straits Asia
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cheongwee
Elite |
18-Aug-2009 22:28
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gold and silver stock is volatile...but silver.. is even worse...still got time...for you to make some research... dont need ot rush in hand over fist.. |
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534hjb1
Member |
18-Aug-2009 22:21
Yells: "Learn Unlearn Relearn" |
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agree with your thinking..it's nerve wrecking to see the prices fall like crazy in just one day.
cld you advise how does one invest in gold and shares? is it just as risky? thanks
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cheongwee
Elite |
18-Aug-2009 21:31
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I have put the profit into some gold and silver stocks...believe and bet that 2010 belong to gold and silver.. these are the counter that make me truthly rich...all bought fr 2003 ..onward.. these are going to be profitable going forward.....if HS Dent is spot on...stock got a lot to go dowm...dow 3800 to 5000.. not mine prediction, i know u dont like it...but it is not for you to like or not,, it is better that we know and be prepare for the worse case , or just pretend everything will be fine everytime after market cheong back up after a big drop like testerday...doesnt menas that it is all right... my preparation is simple ,downside..and take profit as we approach summer.... 1st sept to end october are the worse.time....no boecos it is a myth, or jinx, but beocos it is the end period of the year,for coy and inst. so every losses are been reported, so every damn crises crack during this time if any.. |
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cheongwee
Elite |
18-Aug-2009 21:03
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Happy for those who still holding on.... i have clear all mine yesterday..at 2.13..20 lots ....and that does not means SAR is lousy, just becos i sold it...no way.. this is one hell of a counter that make money, but going forward it got to take patient.. i have move this money here into Mermaid.. yesterday, i took the sell down as a start to prepare for the worse case scenario...as we get nearer to late summer, i am feeling uncomfortable.. so i have clear all, only now hold QAF wrt, CAE, Mermaid, Li heng...just 4 downside fr 12 counter..take a lose of 3k in the process...less profit.. Mermaid alone is some 50% of my vested sum...why mermaid...and sell SAR...Mermaid will be play soon and..also simple say Mermaid fr 83 to 108.,....and SAR fr 2.25 to 3.00...which one is easier to reach...both 30% up...u can see Mermaid is a better choice. but that does not means SAR is lousy..it is still a solid counter, but i thk time is running out, i got to make my money work harder..before something big really happen ( hope not).so punt on Mermaid...to make $ faster... wish me luck.. and dont forget QAF and wrt going to be play soon....remeber i told you so... |
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richtan
Supreme |
18-Aug-2009 10:38
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Ausgroup and Midas too is forming such cup with handle, albeit in the nascent stage for Midas, which presents huge gains potential, multi-bagger, imo but dyodd n BOSAYOR. 
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FearValueGreed
Master |
13-Aug-2009 19:05
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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Hope this news still useful for those vested: Coal-Price Forecast Raised at Merrill on China, India Demand By Ben Sharples Aug. 7 (Bloomberg) -- Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal because of higher demand from India and China, the second-largest energy-consuming nation. Merrill raised its projection for the benchmark coal burned by Japanese utilities in the year ending March 31, 2011, to $85 a metric ton from $80, analysts wrote in a note to clients dated yesterday. Goldman Sachs JBWere Pty. last month increased its forecast to $80 from $75 for the same period. “Surprise strong buying by utilities in India and China” is driving thermal coal demand, Merrill analysts led by Sydney- based Stuart Howe said in the note. Prices at Australia’s Newcastle port, an Asian benchmark, have climbed 27 percent since the end of March and were at $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index. Power-station coal prices at Newcastle are rising on expectations that China will import more of the fuel, emerging demand growth in India, and improved economic conditions as credit markets recover, Merrill said. Australian and Indonesian coal output have the biggest influence over the trade supply outlook, Merrill said. Rising production costs, declining exploration and development success, and rain in Indonesia suggest “supply growth is now limited,” Merrill said. |
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upforever
Member |
13-Aug-2009 11:07
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am still holding on to my 20 lots of SAR bought during the early days of 80plus cents hehehe..... that was during the time when they posted announcement of some take over by some company (cannot remember now which company was that) |
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cheongwee
Elite |
13-Aug-2009 10:39
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even it is slow, in % term compare to tiongwoon, where i put the profit fr this counter... it has never fail to impress...what the SAR!!!..only 20 lots,, still giving me joy... and 2.5.just 5 ft away......where are those who bad mouth this one ,they got nothing to say...they make noise but no $$$... |
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cheongwee
Elite |
13-Aug-2009 10:30
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this one 2.5 is just 10% away...no problem.. | ||||
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maxcty
Master |
12-Aug-2009 14:13
Yells: "always a learning day for me in trading" |
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seems like all still got confident for this baby.. still got chance to hit 2.5?? | ||||
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starlene
Elite |
11-Aug-2009 17:23
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Sold off my Cosco,and used the fund to pump in more SAR | ||||
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cheongwee
Elite |
11-Aug-2009 14:39
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look at this one....1000 lots taken up at 2.15..... congra those who vested here...you see 2.5 soon...those who sell ard 2.2 and at 2.11 like cheongwee...regret already, now only have 20 lots only.. but vested up to the nose elsewhere, if not will definitely add on this one...sure $$$.. |
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starlene
Elite |
10-Aug-2009 23:34
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Last week STI down on 4 days yet Straits Asia Resources stay >$2.00,power past $2.20 by this week?.
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Laulan
Master |
10-Aug-2009 23:12
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Hope so. It is time for Abterra to cheong. I am going to buy at least 1 million shares tomorrow and hope can get all this week.
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FearValueGreed
Master |
10-Aug-2009 22:15
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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There is a reason to believe Straits Asia business model is resilent as the coal is used to fire up coal-fire power stations.One of their export country is India which is dying for good quality coal and whose power demand is lagging behind their power generation capacity in a country where infrastructure is still solely in need of a big overhaul. I do not know how the coal price is set but coming from the power industry, India power demand did not reduce during the credit crsis, they just stalled and every city is now deficit in power generation capacity and asking the national grid/state for import of power to serve its business. When oil price goes up, power plant is now reversing its trend and using back coal instead of oil/gas to fire up its power stations. Either case, coal has become even more relevant for cheap fuel sources regardless of how green electricity is working itself out. Solar electricity will take decades to reach its efficiency. Wind and Wave energy is in general localised and cannot export beyond continent boundary. So be optimistic and I believe Straits Asia has what it takes to hit $3. I just worry about how it is going to pay back its current debt that is due next year.I hate the share placement possiblity. Just sucks when you are holding its shares.
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dealer0168
Elite |
10-Aug-2009 12:38
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Noble n Abterra, will cheong later. Stock play is like this, Coal big brother Strait asia move first, than the small one move later.................. |
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thomas_low
Veteran |
10-Aug-2009 02:15
Yells: "Gong Xi Money Made" |
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Please pardon my ignorance and being a pessimist mule, if we are all expecting the steel industry and electricity industry to cheong hard hard in the next few month, then I can see why coal is useful to keep, I cannot forsee this at the moment, oil price and energy prices are going to fall thru 2010 as demand is not increasing, may even reverse knowing the state of the US economy, it may take up to 2012 to bottom before a revival, we need to be realistic about the magnitude of the recession, we can make short term money i,e, shorting but I cant see myself believing this stock worth $3.00 as some have forecasted. Liquidity in short term 6-8 months will make folks feel rich, chase up share prices, suddenly everyone is richer, after a while the steel demand is not there, the coal will be used to build black mountains. How come Nobel didn't cheong like Straits Asia, how come Abterra also didnt cheong like SAR? BB playing this haha...you are the BB...we are the BB... | ||||
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starlene
Elite |
09-Aug-2009 23:20
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Straits Asia - Solid 2Q Results, But Stronger Outlook 07 Aug 09 The following warrant will start trading today: Call warrant StraitsAsMBLeC100106 (IX7W) exercise price $2.50.* Macquarie Research Equities (MRE) published a note on Straits Asia on 4th August 09. MRE highlighted that Straits Asia reported its 2Q09 results with net profit down 44% year-on-year (YoY) from US$38m to US$21m. However, this was largely due to the one-off costs relating to warrants, PPE provisions, and increasing tax provisions. Excluding the one-off, the operating profit line was slightly ahead of MRE’s expectation… The following warrant will start trading today: Call warrant StraitsAsMBLeC100106 (IX7W) exercise price $2.50.* Macquarie Research Equities (MRE) published a note on Straits Asia on 4th August 09. MRE highlighted that Straits Asia reported its 2Q09 results with net profit down 44% year-on-year (YoY) from US$38m to US$21m. However, this was largely due to the one-off costs relating to warrants, PPE provisions, and increasing tax provisions. Excluding the one-off, the operating profit line was slightly ahead of MRE’s expectation. Production to ramp up in the 2H09 MRE acknowledges that the market will be concerned over the company's 9mt production target in 2009 given that the company merely produced 3.6mt in the 1H09. However, MRE has always expected the company's production profile to be back-end loaded. This is as the capacity expansion at Jembayan from 5.5mt to 11mt pa was only completed in late June, which should lead to production ramping up in the 2H09. MRE therefore remains comfortable with their production and sales forecast of 8.75mt and 9.5mt, respectively. Increasing selling price due to legacy contract MRE highlighted that the company achieved an average selling price of US$84.7/t in the 2Q09, roughly flat QoQ but up from US$76.7/t in the same period last year. This is mainly due to the company's decision to sell forward large quantities for 2009 production right before the coal price collapsed. This compares relatively well vs other Indonesian coal producers, which expect a declining average selling price QoQ. Higher stripping ratio is offset by lower oil price MRE stated that the company's production cost/t of US$42.8/t is down from US$43.5/t in the same period last year despite the increase in the stripping ratio at Jembayan, higher contracting prices with PAMA, and a new mining method being employed at Sebuku. This is due to the lower oil price, which more than offset the cost increases. Excluding one-off cost, operating profits ahead of expectation 2Q09 revenue was up 8% YoY to US$176m, ahead of MRE’s expectation. This is mainly due to the slightly higher-than-expected sales volumes of 2.1mt vs our expectation of 2.0mt. 2Q09 clean EBITDA was up 15% YoY to US$77m, ahead of MRE’s expectation due to higher sales volumes. 2Q09 net profit was down 44% YoY to US$21m, mainly due to the one-off costs relating to warrants amounting to US$14m, a US$2.9m PPE provision for the marine and engineering division, and an increasing tax provision including withholding tax dividends paid from Indonesian subsidiaries into Singapore. Focus on Outlook MRE believes that investors should look forward into the company's future outlook, especially with the potential for the Cagar Alam boundary approval. MRE believes that the boundary approval would lead to a 60% upgrade in reserves, increasing the company's medium-term production forecast from 16mt up to 20mt and from 2mt up to 8mt at Sebuku - higher average selling price and lower production cost. On a sensitivity analysis (assuming the Cagar Alam boundary approval and at US$75/t benchmark price), MRE thinks that 2010 production could go to 14mt from their current forecast of 12mt and the company will trade on an 11x 2010E PER with an increasing earnings profile. MRE has an Outperform rating on Straits Asia 
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cheongwee
Elite |
07-Aug-2009 11:59
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now this one have become ang mo favourite...hearsay only...but never mind i follow them dies also never mind because i am HIV positive anyway...go with them...but u ..BAYOR...u may get AIDS and SAR..(togather) | ||||
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cheongwee
Elite |
06-Aug-2009 23:36
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thank you rich tan........ for the taking the trouble to explain...i noted that. i am joking..HIV and SAR...both are diseases...right? |
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