ShareJunction - Member Posts

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nOn dOcumentaiOn and nOn aUditing

are serIOUs faIlUres iN

cOrpOrate prOcess gOvernance

pharoah88 ( Date: 18-Aug-2010 17:45) Posted:

The importance of documentation

Letter from Manmohan Kaur

I WRITE in response to Ms Feng Shumin’s concerns about poor care and non-documentation after her grandmother’s hip surgery at Changi General Hospital (“Reader says grandmother got poor care in hospital”, Aug 17).

As a retired director of nursing, I have no doubt the nursing care plan was in place and interventions carried out. But due to lack of documentation, the nurse informed the family member that the injury was sustained prior to admission. Also, there is a discrepancy on whether the patient was ambulated on the second day, post-surgery.

It appears that the nursing notes are not audited on a regular basis. I am not writing to point fingers at the nurses or the hospital. But to preclude any future problems all events, including incident reports, care and interventions, must be carefully documented using evidence-based nursing protocols.

I hope the hospital will take this matter seriously and conduct refresher courses, if necessary, to improve nursing documentation skills.

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The importance of documentation

Letter from Manmohan Kaur

I WRITE in response to Ms Feng Shumin’s concerns about poor care and non-documentation after her grandmother’s hip surgery at Changi General Hospital (“Reader says grandmother got poor care in hospital”, Aug 17).

As a retired director of nursing, I have no doubt the nursing care plan was in place and interventions carried out. But due to lack of documentation, the nurse informed the family member that the injury was sustained prior to admission. Also, there is a discrepancy on whether the patient was ambulated on the second day, post-surgery.

It appears that the nursing notes are not audited on a regular basis. I am not writing to point fingers at the nurses or the hospital. But to preclude any future problems all events, including incident reports, care and interventions, must be carefully documented using evidence-based nursing protocols.

I hope the hospital will take this matter seriously and conduct refresher courses, if necessary, to improve nursing documentation skills.

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CHARTVIEWS For 18th August 2010

Hong Leong Asia - Bearish break suggests more downside ahead

Levels to Watch in Trading: Resistance set at $3.45
Support set at $3.00

Stock Rating: No Rating
Target Px: NA

Last Closing Px: $3.39
52-week Px Range: $1.61 - $5.04

SGX Code: H22
BLP Code: HLA SP Equity

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Daily Technical Watch: Genting M’sia

¨ Fresh bullish breakout from the RM2.68–2.96 sideways range.

¨ Immediate Support at RM2.96

¨ Immediate Resistance at RM3.20

pharoah88 ( Date: 18-Aug-2010 15:22) Posted:

Genting Malaysia:

¨ Gets outstanding approvals for US racino.

¨ Maintain fair value for GM at RM3.00 and Market Perform recommendation.

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SAGE ENLIGHTENMENT

loyfam88 ( Date: 18-Aug-2010 10:12) Posted:

Sounds like a left pocket to right pocket to me.

But maybe the corporate tax is more favorable in Singapore so they are doing that do. So we should see better results from Genting SP.

benjitan ( Date: 18-Aug-2010 09:45) Posted:

Let your head rule, not your heart, do not get emotional. Sudden change of price (sliding down yesterday) is normal, due to many reason - profit taking, fear, some people just love to short plus historical behaviour of this counter. When there is fear, it means good time to buy for some people.

Let your head rule, not your heart.

Today EGM @ 10am. If the resolution of the Proposed Divestment of UK Casino Operations is passed, it is a good thing for Genting SP (Spore).

But of course, Genting Msia is expected to slide, as it is the purchaser.

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*TYPO CORRECTION*

Independent Director who CHAIRED the EGM is

also the PROXY of more than 2 BILLION shares held by funds,

which VOTED "GO".

pharoah88 ( Date: 18-Aug-2010 15:49) Posted:

Independent Director who CHAIRED the EGM is also the PROXY of more than 2 Million shares held by funds, which VOTED "GO".

jm2212 ( Date: 18-Aug-2010 12:29) Posted:

attended the EGM, some small share holders not happy with no dividen pay out since day 1, also complained that the sales should not be in a hurry since uk operation is profitable, coupled with the exchange loss. anyway, their voices were heard but ultimate decision is still a GO

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Independent Director who CHAIRED the EGM is also the PROXY of more than 2 Million shares held by funds, which VOTED "GO".

jm2212 ( Date: 18-Aug-2010 12:29) Posted:

attended the EGM, some small share holders not happy with no dividen pay out since day 1, also complained that the sales should not be in a hurry since uk operation is profitable, coupled with the exchange loss. anyway, their voices were heard but ultimate decision is still a GO.

benjitan ( Date: 18-Aug-2010 09:45) Posted:

Let your head rule, not your heart, do not get emotional. Sudden change of price (sliding down yesterday) is normal, due to many reason - profit taking, fear, some people just love to short plus historical behaviour of this counter. When there is fear, it means good time to buy for some people.

Let your head rule, not your heart.

Today EGM @ 10am. If the resolution of the Proposed Divestment of UK Casino Operations is passed, it is a good thing for Genting SP (Spore).

But of course, Genting Msia is expected to slide, as it is the purchaser.

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Genting Singapore will cOllect

S$688 Million CASH from the Interested Party's Arms' Length Divestment.

Together with its more than S$500 Million of CASH from its 2Q 2010 Operations Earnings,

Genting Singapore would have more S$1 Billion CASH in its banks.

That means, it can afford to REPAY One Quarter of its S$4 Billion plus loans.

Its First Loan Repayment will be due in 2011.

Assuming Genting Singapore earning another S$500 Million CASH in 3Q 2010 as well as S$500 Million CASH in 4Q 2010, S1 Billion CASH will add onto its current CASH BALANCE over the next 6 months by end December 2010.

Genting Singapore is now CASH RICH.

Another shareholder questioned on further investment in Philippines, Taiwan, JAPAN.

Genting Management would FOCUS all ATTENTION on RWS until all product developments are FULLY COMPLETED by end 2012.

There is POSSIBILITY of DIVIDEND Payment only when ALL PRODUCT DEVELOPMENTS are FULLY COMPLETED. That is, BY LAW dividend payment can only start from 2013.

noonelikeme ( Date: 18-Aug-2010 12:34) Posted:

am i right to say that Genting SP will see red in its financial worksheet due to the transfer of funds to UK casino?

jm2212 ( Date: 18-Aug-2010 12:29) Posted:

attended the EGM, some small share holders not happy with no dividen pay out since day 1, also complained that the sales should not be in a hurry since uk operation is profitable, coupled with the exchange loss. anyway, their voices were heard but ultimate decision is still a GO

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Monday: 16 AUGUST 2010 1:00pm

XO CIMB Seminar on Genitng Singapore Outlook 2010

CIMB collected ALL ANALYSTS' 2010 Year End TARGETS

HIGHEST is S$2.40.

limkt009 ( Date: 18-Aug-2010 11:14) Posted:

This must be the highest TP from analyst.

18 Aug 2010 07:31 MPST *DJ Genting Singapore Target Raised To S$2.02 From S$1.52 By UBS

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Genting Malaysia:

¨ Gets outstanding approvals for US racino.

¨ Maintain fair value for GM at RM3.00 and Market Perform recommendation.

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I don't have Facebook account.

Where else can i find this song ?

Thanks

purelotus ( Date: 17-Aug-2010 10:23) Posted:

Since everyone so happy today.

Let watch this video clip.

Chinese version of Beat It, Michael Jackson

http://www.facebook.com/video/video.php?v=109249355796814&ref=mf

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6 Million plus shares CHEERY PICKED at S$1.52 by 5.05pm

purelotus ( Date: 17-Aug-2010 10:23) Posted:

Since everyone so happy today.

Let watch this video clip.

Chinese version of Beat It, Michael Jackson

http://www.facebook.com/video/video.php?v=109249355796814&ref=mf

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Did you buy back at S$1.52 ?

susan66 ( Date: 17-Aug-2010 18:56) Posted:

Very tricky counter history repeats itself again, must be alert at all times! Luckily run in the morning, if not lie flat!

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Did you take profit ?

susan66 ( Date: 16-Aug-2010 17:59) Posted:

So I am one of the Heroine, went in $1.57.

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nOw every fund for Singapore or ASEAN must carry Genting Singapore.

Otherwise, fund manager is sEEn as nOt iN the pIcture.

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The smart shopper

From the ashes of the economic meltdown comes a new breed of judicious shoppers

Peter Yeo

peteryeo@mediacorp.com.sg

UNLIKE for some, the economic downturn last year was a good thing for Ms Nicole Chiang. The 36-year-old owner of Edge Arumi, a fashion boutique, had liquidated some assets before the slide and was able to afford more with less as desperate businesses slashed prices, which translated to more travel and shopping opportunities.

But the economic downturn has done more than just provide the prudent with a higher purchasing power. It has created a new breed of shoppers, one who is more judicious with their spending.

Director of communications insights, Asia Pacific, Omnicom Media Group, Mr Guy Hearn, said: “Even though the economy has bounced back well in Singapore, consumers are still buying cautiously.

Not only must they like an item, or think it’s the best, but they must also believe that it’s the smart thing to do to.

“The Internet has helped this, making it easier for consumers to research and review their purchases. Research has shown that consumers not only trust the opinions of their friends and family — as might be expected — but they are also very likely to trust people they don’t know, such as comments and reviews that they read on online forums, social networking sites and message boards”.

However, Mr Hearn disagreed with the strategies of many retailers who slashed prices.

“There is a danger in doing this as it teaches shoppers to ignore brand values and to focus on price. Singaporeans are always interested in a bargain, that’s nothing new, but the discounting and promotions during the recession led consumers to place even more emphasis on price.

“There are many ways to help a consumer feel smart other than through discounting, for example through bundling, longer guarantees, service packs, helping them to maximise their usage of the product, saving them time etc”, he said.

Mr Dan Gibson, managing director, Ogilvy and Mather Advertising, offered:

“Singaporean shoppers tend to be more conservative, and research has shown that they’re more interested in reliability, brands that have stood the test of time.

Consumers will definitely be asking around and doing their own research before buying, and they would turn to the Internet to make sure they’re getting the best value.

“There’s a growing role for marketers and advertising agencies to use digital marketing to supplement traditional media (because people are still reading the papers and watching the TV) for a multi-discipline engagement with their target audience. So an integrated communication strategy that can tap on the strengths of both online and traditional media to enable brands to reach the right audiences is key.”

Mr Jef Tan, managing partner of Tonic Asia, a creative agency, quipped: “As the world becomes more connected, we become more discerning with our purchases.

“Gone are the days where I buy a product only to have friends tell me it’s a bad investment. Now, I check the value before I buy.”

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fOr bIg tImers

SHARKS

cathylmg ( Date: 17-Aug-2010 12:41) Posted:

What does it mean?

pharoah88 ( Date: 17-Aug-2010 12:34) Posted:

Citi: Dark Pools in S’pore

SINGAPORE

The US bank is expanding its regional footprint after its off-exchange trading in Australia increased to a record A$1.5 billion ($1.82 billion) in June from about A$750 million a year earlier, said Mr Paul Sanger, Citigroup’s Asia-Pacific head of execution services.

Dark pools are trading venues that don’t display quotes publicly, helping investors minimise price fluctuations and save costs [REALITY ? ? ? ?].

The growth of such networks in Asia has lagged behind the US and Europe because regulators in Asia have been slow to accept the systems, said Mr John Feng, managing director of research company Greenwich Associates.

The portion of trades handled off public exchanges in the Asia-Pacific region is forecast to rise to 3 per cent of transactions within three years from 1 per cent last year, he said.

By contrast, trades through dark pools last year in the US accounted for 10 per cent of the total, and 4 per cent in Europe, he estimated.

— Citigroup plans to start dark pool electronic trading in Singapore early next year to meet growing demand in Asia.BLOOMBERG

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China is the new No 2

Its economy surpasses Japan in Q2

TOKYO

as the world’s second-largest

economy to China in the second

quarter as receding global

growth sapped momentum and

stunted a shaky recovery.

Gross domestic product

grew at an annualised rate of

just 0.4 per cent, the Japanese

government said yesterday, far

below the annualised 4.4 per

cent expansion in the first quarter

and adding to evidence the

global recovery is facing strong

headwinds.

Japan’s nominal GDP,

which isn’t adjusted for price

and seasonal variat ions,

was worth US$1.286 trillion

($1.75 trillion) in the April-to-

June quarter compared with

US$1.335 trillion for China. The

figures are converted into US

dollars based on an average

exchange rate for the quarter.

The latest data underscore

China’s emergence as an economic

power that is changing

everything from the global balance

of military and financial

power to how cars are designed.

It is already the biggest

exporter, auto buyer and steel

producer, and its global influence

is expanding.

China has been a major

force behind the world’s

emergence from deep recession,

delivering much-needed

impetus to the United States,

Japan and Europe. Tokyo’s latest

numbers, however, suggest that

Chinese demand alone may not

be enough for Japan or other

economic giants.

“Japan is the canary in the

goldmine because it depends

very much on demand in Asia

and China, and this demand is

cooling quite a bit,” said Fujitsu

Research Institute’s economist

Martin Schulz.

“This is a warning sign for all major economies that just focusing on overseas demand won’t be sufficient.”

China’s economy will almost certainly be bigger than Japan’s at the end of this year because of the huge difference in each country’s growth rates. China is growing at about 10 per cent a year, while Japan’s economy is forecast to grow between 2 per cent to 3 per cent this year.

— Japan lost its placeAP

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World’s largest IPO

SHANGHAI

China’s biggest lender by customers sold a further 3.34 billion shares at the IPO price of 2.68 yuan apiece, it said in a stock exchange filing yesterday. That increased the Shanghai portion of the lender’s IPO to 67.6 billion yuan.

The expansion propels Ag-Bank’s IPO past Industrial and Commercial Bank of China’s US$21.9 billion sale in 2006. The bank had raised US$20.8 billion selling shares in Hong Kong and Shanghai last month as chairman Xiang Junbo braved a market rout that drove the Chinese benchmark stock index to a 15-month low.

— The Agricultural Bank of China has boosted the size of its initial public offering to US$22.1 billion ($30.1 billion) after selling more stock in Shanghai, making it the world’s largest ever.BLOOMBERG

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Citi: Dark Pools in S’pore

SINGAPORE

The US bank is expanding its regional footprint after its off-exchange trading in Australia increased to a record A$1.5 billion ($1.82 billion) in June from about A$750 million a year earlier, said Mr Paul Sanger, Citigroup’s Asia-Pacific head of execution services.

Dark pools are trading venues that don’t display quotes publicly, helping investors minimise price fluctuations and save costs [REALITY ? ? ? ?].

The growth of such networks in Asia has lagged behind the US and Europe because regulators in Asia have been slow to accept the systems, said Mr John Feng, managing director of research company Greenwich Associates.

The portion of trades handled off public exchanges in the Asia-Pacific region is forecast to rise to 3 per cent of transactions within three years from 1 per cent last year, he said.

By contrast, trades through dark pools last year in the US accounted for 10 per cent of the total, and 4 per cent in Europe, he estimated.

— Citigroup plans to start dark pool electronic trading in Singapore early next year to meet growing demand in Asia.BLOOMBERG