Tuesday, 30 September 2008

End of Sep 2008 Share Portfolio Review

Latest Holding of My Portfolio ~ September 2008

Cash

Cacola Furniture
Challenger
China Energy
China Taisan
China Zaino
Courage Marine
Lizhong Wheel
ChinaXLX
Jiutian Chemical
Sihuan
Swiber

CPF

Asia Enterprise
Midas
Raffles Education

Transactions of Virtual Fund ~ 30 Sep 2009

Sold
300,000 of HSI18400MBLePW081030 @ $0.60
400,000 of STI2350BNPePW081230 @$0.45

Sum invested = $0
Cash holding = $362,430

Transactions of Virtual Fund ~ 29 Sep 2008

Bought
300,000 of HSI18400MBLePW081030 @ $0.465
400,000 of STI2350BNPePW081230 @$0.365

Sold
China Fish, realised loss -$31,600
Raffles Education, realised loss -S$24,900
Noble Group, realised loss -$63,800
STX Pan Ocean, realised loss -S$120,390
Total Realised Loss = -S$350,860 = -70%
Sum invested = $266,000
Cash holding = $2,430

Thursday, 11 September 2008

MIDAS ENTERS SOUTH KOREAN MARKET - To supply 66 train cars for Incheon International Airport Railroad Project
Singapore, September 11, 2008 – Mainboard-listed Midas Holdings Limited (“Midas”) (麦达斯控股有限公司) announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”) (吉林麦达斯铝业有限公司), has successfully secured a contract worth Euro 2.35 million (approximately S$4.73 million) to supply aluminium alloy extrusion profiles for 66 train cars for Incheon International Airport Railroad Project in South Korea.
Awarded by Hyundai Rotem Company, this contract marks Midas’ first foray into the South Korean market, and yet another milestone in the Group’s international market expansion efforts. “We are very excited to be able to break new ground in the South Korean market and expand our market presence outside of China. This contract is yet another testament to the international recognition accorded to the quality of our products and services.
Moving forward, we will continue to strengthen the international presence of our products and services as well as grow our global export orders,” said Mr Patrick Chew (周华光), CEO of Midas.The contract is expected to be fulfilled in 2009, and is, therefore, expected to contribute positively to the Group’s financials for the financial year ended December31, 2009.