Saturday, March 13, 2010

V Shape Recovery : US Retail Sales Have Recovered Strongly

There're a lot pessismisticss are saying that the retail sales recovery will not be sustained and thus the recovery will be halted @second half of 2010.  This week, US retail sales have recovered strongly and against all expectations. This has made a V-SHAPED recovery on-going.

(Source: Special Situation Investing Blogger)

The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities, 2nd Edition

Friday, March 12, 2010

Special Situation Fund (12 March 2010)

Note : Please double click on picture to zoom in.

Value Investing: From Graham to Buffet and Beyond (Wiley Finance)

Bruce C.N Greenwald is greatest investor, who able to descbribe the fundamental analysis concept clearly and using same good example to help reader understand more about the concept. Great Book, Worth to buy!

Thursday, March 11, 2010

Technical Analysis on CITIGROUP(11 March 2010): the upside prevails

We move up our pivot point to 3.4.

Our preference: As long as 3.4 is not broken down, we favour an upmove with 4.35 and then 5 as next targets.
Alternative scenario: A break below 3.4 would open the way to 3.12 and to 2.53.
Comment: The daily technical indicators are bullish and call for a rise towards 5 in the medium term.
Trend: ST limited rise; MT bullish.
Supports and resistances:
5.4 **
5 **
4.35 ***
3.96 last
3.4 ***
3.12 *
2.53 *

12 March 2010
Bollinger : UP
Volume  : UP

Wednesday, March 10, 2010

US: Job openings rose in January to one-year high

Job openings in the US rose in January to the highest level in almost a year, signaling employers are gaining confidence as the economic recovery takes hold. Openings increased by 193,000 to 2.72m, the most since
February 2009, the Labor Department said in Washington. More people were hired and the number of workers fired decreased to the lowest level in almost two years, the report also showed. (Bloomberg)

Monday, March 8, 2010

GENTING SP : Universal Studio

USS to open on 18 March: RWS will open the Universal Studios Singapore (USS) to the public on 18 Mar 2010, a slight delay from the early-Mar 2010 timeline indicated earlier.
Tickets will start selling on 9 Mar 2010. USS one-day passes range from SGD32-72 (depending on categories ie adult/child/senior; weekday/weekend) - cheapest amongst Universal Studios theme parks globally (Figure 2). USS’ two-day passes range from SGD58-118, higher than Universal Studios Hollywood’s due to the larger physical design and no of rides. USS’ annual passes, however, rank as the most expensive among Asian theme parks (Figure 3), at SGD318-1098.
Although USS ticket price would be at a premium to Disneyland Hong Kong, Ocean Park and Genting Highlands, USS offers an integrated resortsconcept and more rides. The Universal Studios brand has a strong proven track record, with Universal Studios Japan ranked 9th most popular theme
park in the world, and third in Asia with 8.3m attendance in 2008 (11m in its first year of operations).
New original rides to attract visitors. USS will consist of seven zones ie Hollywood, New York, Sci-Fi City, Ancient Egypt, The Lost World, Far them are original or specially designed for USS. We understand most of the rides (>80%) will be opened in the first year (unlikely all on the first day of launch) while the rest to be introduced progressively over the next four years to attract repeat visitors. Among major highlights are the dueling coaster (world’s tallest roller coaster) and Transformer ride (world’s first, expected in 2011). USS is 70% covered, with an eco-cooling system installed to create a more controlled environment.

Universal Studios has promised that this will be the only park it would have in Southeast Asia for the next 30 years and expects to draw in >5m visitors annually (14k/day). However, competition could intensify with Universal Studios opening new themeparks in Dubai and Seoul, Korea(likely Asia’s biggest Universal Studios) by 2012 and 2014 respectively.

Slow start seen for visitor arrivals. The launch of USS should help draw in more mass visitors to RWS. Visitor arrivals have fallen short of management’s expectation of 12m p.a. or 33k/day, having averaged only ~20k/day in the first two weeks of casino’s operations (during the peak Chinese New Year celebration). RWS’ casino may need another 4-6 weeks to fully ramp up to 560 tables and 1300 slots. So far, it has opened 270 tables (50 VIP, 220 mass).
USS’ opening will complete the launch of RWS’ Phase 1 while Phase 2 is expected to complete by 2011. USS should provide RWS a more subtle approach in its marketing and promotional activities in countries where advertising on gaming is banned.

Maintain HOLD call. Although GENS has fallen 31% off its peak and valuations have moved closer to sector average (26x 2011 PE, 14x EV/EBITDA vs sector’s 17x and 12x respectively), we are still maintaining our Hold call and sum-of-parts TP of S$1.07. Potential risk of further earnings downgrade should RWS’ ramp up is slower than expected and Marina Bay Sands (launching on 27 Apr 2010) wrestles more market share than anticipated. We prefer Genting Bhd (Buy/ TP: RM8.80) for cheaper exposure to Singapore IRs and resilient base earnings from Malaysian casino, plantation and power segments.

Sunday, March 7, 2010

Remember why you're trading

At all times remember your primary objective. By all means, have fun whilst trading, but fun should never be anywhere near your primary concern.

This means:-
1) Do not trade for fun
2) Do not trade because you're bored
3) Don't trade for fear of missing out.

If and when conditions are optimal for achieving your objectives, then place a trade. Otherwise, save your money for a better opportunities.