Thursday, 1 Apr 2010
12:45PM Teoh Hock Chai @ Tew Hock Chai (1,500,800 Shares Acquired)
12:44PM Teoh Hock Chai Sdn Bhd (1,500,800 Shares Acquired)
12:44PM Eng Lee Kredit Sdn Bhd (750,800 Shares Acquired)
12:43PM ELK Group Sdn Bhd (1,500,800 Shares Acquired)
12:43PM Teoh Hock Chai @ Tew Hock Chai (1,500,800 Shares Acquired)
Thursday, April 1, 2010
Wednesday, March 31, 2010
Overweight on Plantation (March 2010)
The recent dry spell and high temperatures in the region could spark renewed concerns on El Nino, which would benefit the plantation stock prices.
Insider News : UNICO
30/03/2010 - Eng Lee Kredit S/B bought UNICO.
Lastest Holding :
1,380,000 unit shares – RM81,300,000
(Source: Reuters.com)
Tuesday, March 30, 2010
GENTING Singapore : Expect High Profit Margin on Coming Quarterly Result
I personally visited GENTING Singapore's casino and Universal Studio last week.
Universal Studio - Very crowded, 40% Local Singaporeans and 60% Foreign Visitors. Very long Q on waiting for each game.It will generate enough return for GENTING Singapore in coming quarter.
Casino - I saw many local Singaporeans, don't care bout entry levy, just pay S$100 to go to bet with Uncle Lim. There're many Chinese from China, holding Working Permit in Sg, actually go into casino after office/working hours. Weekend, JB Chinese, actually travel from JB to Sentosa Singapore. There're no reason for them to travel from JB to KL for gambling purpose. Singpaore is close to JB, Jakarta.
Hotel - 85-90% occupied.
After this visit, i'm very optimistic about Genting Singapore. But, next month, Las Vegas Sand will be opened in Marina Bay Singapore. Temporary short-sell in Genting Singapore (G13) share, is good opportunity to accumulate the share at lower valuation before next quarterly result announce.
Universal Studio - Very crowded, 40% Local Singaporeans and 60% Foreign Visitors. Very long Q on waiting for each game.It will generate enough return for GENTING Singapore in coming quarter.
Casino - I saw many local Singaporeans, don't care bout entry levy, just pay S$100 to go to bet with Uncle Lim. There're many Chinese from China, holding Working Permit in Sg, actually go into casino after office/working hours. Weekend, JB Chinese, actually travel from JB to Sentosa Singapore. There're no reason for them to travel from JB to KL for gambling purpose. Singpaore is close to JB, Jakarta.
Hotel - 85-90% occupied.
After this visit, i'm very optimistic about Genting Singapore. But, next month, Las Vegas Sand will be opened in Marina Bay Singapore. Temporary short-sell in Genting Singapore (G13) share, is good opportunity to accumulate the share at lower valuation before next quarterly result announce.
Monday, March 29, 2010
CFD(Contract for Difference) vs SBL(Securities Borrowing & Lending) - Short Sell
Share Borrowing and Lending (SBL) facility allows you to short the market by borrowing shares, the accompanying administrative hassles often results in investors missing out on the ‘right’ price to sell.
Why CFD convenience to short sell?
A CFD allows you to take position on a stock without needing to buy and sell the shares themselves. Therefore, CFD investors can take short positions, and not be limited to the T+30 days contra period or be tired out by the administrative hassles that accompany SBL trading.
Why CFD convenience to short sell?
A CFD allows you to take position on a stock without needing to buy and sell the shares themselves. Therefore, CFD investors can take short positions, and not be limited to the T+30 days contra period or be tired out by the administrative hassles that accompany SBL trading.
Wednesday, March 24, 2010
Dick Bove weighs client opinion in Citi rating
1:39 PM, March 22, 2010 ι By Mark DeCambre
It's rare on Wall Street for clients to tell financial analysts how to do their jobs -- but apparently, that's what Dick Bove's clients do.
The Rochdale Securities analyst raised Citi's rating to Buy from Neutral in a research note released today. But that's not the interesting element. By lifting his rating on Citi, which has been a beset by problems tied to the government's massive stake in it, the outspoken analyst is kowtowing to his clients wishes.
"I feared that the government’s potential sale of 7.7 billion shares would cause the issue to fall before it could rise," Bove wrote. "The clients’ view is that this is poor thinking on my part. Either I liked the stock’s long term outlook or I did not they claimed. The price of the offering was already priced in.
"There are two core questions. 1) Do you like this company or not? 2) Do you believe the price of the stock will get to $8.50 per share in the next few years or not? The answers are yes and yes. Then say clients I should have a Buy on the stock.," he concludes.
Source : http://www.nypost.com/p/blogs/thespread/dick_bove_weighs_client_opinion_HIq1Pk6MWlMthtmol5y0AP
It's rare on Wall Street for clients to tell financial analysts how to do their jobs -- but apparently, that's what Dick Bove's clients do.
The Rochdale Securities analyst raised Citi's rating to Buy from Neutral in a research note released today. But that's not the interesting element. By lifting his rating on Citi, which has been a beset by problems tied to the government's massive stake in it, the outspoken analyst is kowtowing to his clients wishes.
"I feared that the government’s potential sale of 7.7 billion shares would cause the issue to fall before it could rise," Bove wrote. "The clients’ view is that this is poor thinking on my part. Either I liked the stock’s long term outlook or I did not they claimed. The price of the offering was already priced in.
"There are two core questions. 1) Do you like this company or not? 2) Do you believe the price of the stock will get to $8.50 per share in the next few years or not? The answers are yes and yes. Then say clients I should have a Buy on the stock.," he concludes.
Source : http://www.nypost.com/p/blogs/thespread/dick_bove_weighs_client_opinion_HIq1Pk6MWlMthtmol5y0AP
Sunday, March 21, 2010
What is CFD?
A contract for difference (or CFD) is a contract between two parties, typically described as "buyer" and "seller", stipulating that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time. (If the difference is negative, then the buyer pays instead to the seller.)
For example, when applied to equities, such a contract is an equity derivative that allows investors to speculate on share price movements, without the need for ownership of the underlying shares. In effect CFDs are financial derivatives that allow investors to take long or short positions on underlying financial instruments and are often used to speculate on those markets.
CFDs are currently available in the United Kingdom, The Netherlands, Poland, Portugal, Germany, Switzerland, Italy, Singapore, South Africa, Australia, Canada, New Zealand, Sweden, France, Ireland, Japan and Spain. Some other securities markets, such as Hong Kong, have plans to issue CFDs in the near future. CFDs are not permitted in the United States, due to restrictions by the U.S. Securities and Exchange Commission on over-the-counter (OTC) financial instruments.
For example, when applied to equities, such a contract is an equity derivative that allows investors to speculate on share price movements, without the need for ownership of the underlying shares. In effect CFDs are financial derivatives that allow investors to take long or short positions on underlying financial instruments and are often used to speculate on those markets.
CFDs are currently available in the United Kingdom, The Netherlands, Poland, Portugal, Germany, Switzerland, Italy, Singapore, South Africa, Australia, Canada, New Zealand, Sweden, France, Ireland, Japan and Spain. Some other securities markets, such as Hong Kong, have plans to issue CFDs in the near future. CFDs are not permitted in the United States, due to restrictions by the U.S. Securities and Exchange Commission on over-the-counter (OTC) financial instruments.
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