Sum invested = $540,050
Cash holding = $1,179
Realised profit = $41,229 = 8.25%
Unrealised profit = $55,880 = 11.17%
Thursday, 27 September 2007
Wednesday, 26 September 2007
Virtual Fund Transactions
Sold:
50,000 BH Global Marine @$0.755 = $37,750
10,000 Labroy Marine @$2.47 = $24,700
Realised Profit = $300
Bought:
20,000 ChinaEnergy @$1.38 = $27,600
25,000 FibreChem @$1.35 = $33,750
Sum invested = $540,050
Cash holding = $1,179
Realised profit = $41,229 = 8.25%
Unrealised profit = $57,450 = 11.49%
I feel that such a strategic switching of counters is necessary as I anticipate the China counters to continue surging ahead.
50,000 BH Global Marine @$0.755 = $37,750
10,000 Labroy Marine @$2.47 = $24,700
Realised Profit = $300
Bought:
20,000 ChinaEnergy @$1.38 = $27,600
25,000 FibreChem @$1.35 = $33,750
Sum invested = $540,050
Cash holding = $1,179
Realised profit = $41,229 = 8.25%
Unrealised profit = $57,450 = 11.49%
I feel that such a strategic switching of counters is necessary as I anticipate the China counters to continue surging ahead.
Virtual Fund Performance on this day Torres scored his first hat-trick for Liverpool
Sum invested = $540,850
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $57,750 = 11.55%
The unrealised profit jumps some $20,000 in line with the powering ahead of china related counters today.
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $57,750 = 11.55%
The unrealised profit jumps some $20,000 in line with the powering ahead of china related counters today.
Tuesday, 25 September 2007
Virtual Fund Performance
Sum invested = $540,850
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $36,900 = 7.38%
ChinaSports and Swiber continue the uptrends which contributed to the increase in unrealised profit for today.
Have a Happy and Fruitful Mid Autumn Festival!
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $36,900 = 7.38%
ChinaSports and Swiber continue the uptrends which contributed to the increase in unrealised profit for today.
Have a Happy and Fruitful Mid Autumn Festival!
Monday, 24 September 2007
Own transactions
Sold 1,000 EZRA
The share price of EZRA has weakened for the past week since it announced the S$162.4 Million Order for a Multi-Functional Support Vessel. I feel that it is not wise to go against the general downtrend at the moment so decided to lock in the small profit.
The immediate concerns for investors would be how the Company fund this sophisticated equipment. It could use the proceeds from the partial disposal of EOC, alternatively, it could raise fund by share placement and lastly combining internal funds plus borrowings.
In any case, the market does not seem to appreciate this latest move. The huge capital outlay would leave shareholders who are expecting some kind of cash distribution from EOC listing disappointed. To do share placement would dilute the earnings further. Lastly the borrowings would increase the gearing of the Company and investors would need to price in some credit risk premium.
The share price of EZRA has weakened for the past week since it announced the S$162.4 Million Order for a Multi-Functional Support Vessel. I feel that it is not wise to go against the general downtrend at the moment so decided to lock in the small profit.
The immediate concerns for investors would be how the Company fund this sophisticated equipment. It could use the proceeds from the partial disposal of EOC, alternatively, it could raise fund by share placement and lastly combining internal funds plus borrowings.
In any case, the market does not seem to appreciate this latest move. The huge capital outlay would leave shareholders who are expecting some kind of cash distribution from EOC listing disappointed. To do share placement would dilute the earnings further. Lastly the borrowings would increase the gearing of the Company and investors would need to price in some credit risk premium.
Virtual Fund Performance
Sum invested = $540,850
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $31,410 = 6.28%
The contributor for the significant improvement in the portfolio today is Jiutian. It jumped 21 cents or 7.4%.
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $31,410 = 6.28%
The contributor for the significant improvement in the portfolio today is Jiutian. It jumped 21 cents or 7.4%.
Friday, 21 September 2007
2nd Batch Virtual Fund Transactions
Further Bought:
50,000 BH Global Marine @$0.755 = $37,750
50,000 C&G Industrial @$0.59 = $29,500
50,000 Foreland @$0.50 = $25,000
10,000 Labroy Marine @$2.44 = $24,400
20,000 Midas @$1.41 = $28,200
50,000 Sihuan @$0.76 = $38,000
20,000 Swiber @$3.12 = $62,400
22,000 Tiong Woon @$1.05 = $23,100
Sum invested = $540,850
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $15,000 = 3%
50,000 BH Global Marine @$0.755 = $37,750
50,000 C&G Industrial @$0.59 = $29,500
50,000 Foreland @$0.50 = $25,000
10,000 Labroy Marine @$2.44 = $24,400
20,000 Midas @$1.41 = $28,200
50,000 Sihuan @$0.76 = $38,000
20,000 Swiber @$3.12 = $62,400
22,000 Tiong Woon @$1.05 = $23,100
Sum invested = $540,850
Cash holding = $79
Realised profit = $40,929 = 8.18%
Unrealised profit = $15,000 = 3%
Virtual Fund Transactions
Bought:
50,000 Jiutian Chemical @$2.75 = $137,500
Sold:
500,000 CapitalandDBeCW80121 @$0.17 = $85,000
500,000 CoscoCorpBNPeCW080204 @$0.085 = $42,500
Sum invested = $272,500
Cash holding = $268,429
Realised profit to-date = $40,929 = 8.18%
50,000 Jiutian Chemical @$2.75 = $137,500
Sold:
500,000 CapitalandDBeCW80121 @$0.17 = $85,000
500,000 CoscoCorpBNPeCW080204 @$0.085 = $42,500
Sum invested = $272,500
Cash holding = $268,429
Realised profit to-date = $40,929 = 8.18%
Forbes Top 200 Companies in Asia Pacific
The following Singapore companies made it to the list:
- Asia Enterprises (vested)
- ASL Marine
- Best World
- BH Global Marine
- China Sun Bio-Chem
- CSE Global
- EZRA (vested)
- Food Empire
- Hongguo International
- Inter-Roller
- Jiutian Chemical (vested)
- Labroy Marine
- Midas (vested)
- Midsouth
- Multi-chem
- Raffles Education (vested)
- Raffles Medical
- Rotary Engineering
- Tat Hong
- Unisteel technology
I have invested in 5 of the above companies. Many were previously in my portfolio.
- Asia Enterprises (vested)
- ASL Marine
- Best World
- BH Global Marine
- China Sun Bio-Chem
- CSE Global
- EZRA (vested)
- Food Empire
- Hongguo International
- Inter-Roller
- Jiutian Chemical (vested)
- Labroy Marine
- Midas (vested)
- Midsouth
- Multi-chem
- Raffles Education (vested)
- Raffles Medical
- Rotary Engineering
- Tat Hong
- Unisteel technology
I have invested in 5 of the above companies. Many were previously in my portfolio.
Thursday, 20 September 2007
Virtual Fund Transactions
Bought:
100,000 ChinaSports @$1.35 = $135,000
500,000 CapitalandDBeCW80121 @$0.17 = $85,000
500,000 CoscoCorpBNPeCW080204 @$0.095 = $47,500
Sum invested = $267,500
Cash holding = $278,429
Realised profit to-date = $45,929 = 9.18%
100,000 ChinaSports @$1.35 = $135,000
500,000 CapitalandDBeCW80121 @$0.17 = $85,000
500,000 CoscoCorpBNPeCW080204 @$0.095 = $47,500
Sum invested = $267,500
Cash holding = $278,429
Realised profit to-date = $45,929 = 9.18%
Own Portfolio
Latest Football News
Thu, 20th Sep 2007
Chelsea Football Club and José Mourinho have agreed to part company today (Thursday) by mutual consent.
http://www.channelnewsasia.com/stories/afp_sports/view/300933/1/.html
Chelsea Football Club and José Mourinho have agreed to part company today (Thursday) by mutual consent.
http://www.channelnewsasia.com/stories/afp_sports/view/300933/1/.html
Tuesday, 18 September 2007
Happy Birthday to Me
No transactions to report for the day. I will have an early night cos I need to catch Liverpool match tomorrow at 2.30am. The new season of Champion League begins tonight. For those who stay up for the Fed decision, please take care. My personal view is that, whatever the outcome, the market is bound to fall eventually. Lets wait and see...
Monday, 17 September 2007
Today's Virtual Fund Transactions:
Disposed of all Put Warrants:
STI3500BNPePW070927: 500,000 @$0.13 Profit = $17,500
HSI21800BNPePW070927: 1,000,000 @$0.045 Profit = $5,000
DBS DBePW071001: 500,000 @$0.045, No Gain No Loss
Total Realised Profit to-date= $45,929 =9.18%
Sum invested = $0
Latest Cash Holding = $545,929
The decision to dispose of the entire equity porfolio proved timely. The STI was down by 60 points and therefore the put warrant made the most.
Tomorrow, market should be firmer ahead of the FOMC meeting. I have decided to clear all my position as the market could swing one way or another depending what Uncle Ben has to say.
Stay tuned for my next move.
Disposed of all Put Warrants:
STI3500BNPePW070927: 500,000 @$0.13 Profit = $17,500
HSI21800BNPePW070927: 1,000,000 @$0.045 Profit = $5,000
DBS DBePW071001: 500,000 @$0.045, No Gain No Loss
Total Realised Profit to-date= $45,929 =9.18%
Sum invested = $0
Latest Cash Holding = $545,929
The decision to dispose of the entire equity porfolio proved timely. The STI was down by 60 points and therefore the put warrant made the most.
Tomorrow, market should be firmer ahead of the FOMC meeting. I have decided to clear all my position as the market could swing one way or another depending what Uncle Ben has to say.
Stay tuned for my next move.
Saturday, 15 September 2007
Contradicting Singaporeans
Funny truth....
1. Nite - Sleep with air-con; Day - Bathe with heater on.
2. Day - Cannot Wake up; Nite - Cannot Sleep.
3. Translation is needed between Singaporean Chinese and Mainland Chinese.
4. Smell Of rubbish besides letterboxes; Rubbish inside Letterbox.
5. Spore Chinese use different languages other then Chinese to communicate.
6. Sporean never likes to vote, but like to complain.
7. There are quite a number of rich/poor in spore - They have Car, Credit Card, CPF but no Cash and are liable to lots of loans
8. Education - Teach Less Learn More.
9. There are quite a few high-tech barbaric Singaporeans -they know how to use state-of-the art equipment, 3g mobile phone and powerful computers but they don’t know how to use a simple dustbin or a toilet.
10. Half Sporeans rushed to buy Hello kitty, but the other half busy killing stray cats.
11. Chewing Gum - Can Chew, Cannot buy?? (Restricted to buying).
12. Cigarettes - Convenient to buy; not convenient to smoke.
13. Private Cars - Cheaper and Cheaper to buy, harder and harder to Maintain.
14. Public Bus - Half the Crowd squeeze in front section of the Bus, Second section is for Carrying Ghost.
1. Nite - Sleep with air-con; Day - Bathe with heater on.
2. Day - Cannot Wake up; Nite - Cannot Sleep.
3. Translation is needed between Singaporean Chinese and Mainland Chinese.
4. Smell Of rubbish besides letterboxes; Rubbish inside Letterbox.
5. Spore Chinese use different languages other then Chinese to communicate.
6. Sporean never likes to vote, but like to complain.
7. There are quite a number of rich/poor in spore - They have Car, Credit Card, CPF but no Cash and are liable to lots of loans
8. Education - Teach Less Learn More.
9. There are quite a few high-tech barbaric Singaporeans -they know how to use state-of-the art equipment, 3g mobile phone and powerful computers but they don’t know how to use a simple dustbin or a toilet.
10. Half Sporeans rushed to buy Hello kitty, but the other half busy killing stray cats.
11. Chewing Gum - Can Chew, Cannot buy?? (Restricted to buying).
12. Cigarettes - Convenient to buy; not convenient to smoke.
13. Private Cars - Cheaper and Cheaper to buy, harder and harder to Maintain.
14. Public Bus - Half the Crowd squeeze in front section of the Bus, Second section is for Carrying Ghost.
Friday, 14 September 2007
Disposed of Entire Virtual Share Fund and bought put warrants ahead of volatile week
3 Key events in US next week could make or break the recovery of global share markets:
(1) Fed meeting on 18 Sep - The billion dollars question: Will Fed cut interest rate? How much? What to expect next?
(2) Major Bank Earnings - Morgan Stanley to report on Wed and Goldman Sachs and Bear Sterns on Thurs.
(3) Expiring of Option and Futures Contracts (This is very "chim" to explain). The impact will probably not as big as the other 2.
The above factors could swing the global market in a big way. The rate cut has been priced in the recent market recovery. If Uncle Ben decides to do otherwise, investors will be done for. Bank earnings have also been widely estimated. What remains is negative surprises.
Due to all these uncertainties, I decided to unload my entire virtual share portfolio. I bought some put warrants in anticipation of a selldown.
Total realised profit = $23,429 = 4.69%
Warrants bought:
STI3500BNPePW070927: 500,000 @$0.095 = $47,500
HSI21800BNPePW070927: 1,000,000 @$0.04 = $40,000
DBS DBePW071001: 500,000 @$0.045=$22,500
Sum invested = $110,000
Cash Holding = $413,429
(1) Fed meeting on 18 Sep - The billion dollars question: Will Fed cut interest rate? How much? What to expect next?
(2) Major Bank Earnings - Morgan Stanley to report on Wed and Goldman Sachs and Bear Sterns on Thurs.
(3) Expiring of Option and Futures Contracts (This is very "chim" to explain). The impact will probably not as big as the other 2.
The above factors could swing the global market in a big way. The rate cut has been priced in the recent market recovery. If Uncle Ben decides to do otherwise, investors will be done for. Bank earnings have also been widely estimated. What remains is negative surprises.
Due to all these uncertainties, I decided to unload my entire virtual share portfolio. I bought some put warrants in anticipation of a selldown.
Total realised profit = $23,429 = 4.69%
Warrants bought:
STI3500BNPePW070927: 500,000 @$0.095 = $47,500
HSI21800BNPePW070927: 1,000,000 @$0.04 = $40,000
DBS DBePW071001: 500,000 @$0.045=$22,500
Sum invested = $110,000
Cash Holding = $413,429
Thursday, 13 September 2007
Noble Group - The Best Performing Blue Chip in SGX
For the second straight year, Noble Group has been named to the Forbes Fabulous 50, Forbes third annual compilation of Asia's best public companies.
To assemble the list, Forbes studied long-term profitability, sales and earnings growth, stock price appreciation and projected earnings for every company in the region with revenues or market capitalisation reaching $5 billion and above.
Noble is joined by new entrants Neptune Orient Lines and SembCorp Industries as the only three companies to appear listed on the Singapore Exchange. The Fabulous 50 List appears in the Sept 17 issue of Forbes Asia.
Indeed, Noble's share price has appreciated more than 800% if you had held the share since its IPO in 1997. It is still the best performing share within its market capitalisation category. During this period, Singtel appreciated a mere 20%, Capitaland 70% and even the bigger DBS +200%.
To assemble the list, Forbes studied long-term profitability, sales and earnings growth, stock price appreciation and projected earnings for every company in the region with revenues or market capitalisation reaching $5 billion and above.
Noble is joined by new entrants Neptune Orient Lines and SembCorp Industries as the only three companies to appear listed on the Singapore Exchange. The Fabulous 50 List appears in the Sept 17 issue of Forbes Asia.
Indeed, Noble's share price has appreciated more than 800% if you had held the share since its IPO in 1997. It is still the best performing share within its market capitalisation category. During this period, Singtel appreciated a mere 20%, Capitaland 70% and even the bigger DBS +200%.
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