STX PO   

STX Pan Ocean

u r welcome 

hmmm...so u vested in STX PO? 

 

ok thank you~!

 

in the region of $2.25 is the next support

 

Hi, can anyone share the next support price for this one?

Thank you very much~!

 

waiting for $2.20 to enter

 

 

the MACD crossover had also widen up

 

currently it has a strong support at its 200MA of $2.62...and also there's an additional support level at $2.58... should it break below $2.58...it looks pretty much bearish...

 

This counter comes down quite abit from 3++..

Anyone looking into this counter nw?

 

Is it a alright to go in at this price?2.8....any comment? hmmm..

NOL went up yet this came down... 

 

siao oredi...lao sai...

 

 

posting from CNA forum:

as i hv said, the analyst from CIMB GK, Raymond Yap, is proving to be quite "choon" he made the following prediction on Valentine's Day: "We think it possible for the BDI to surge back to the 10,000 to 11,000 level over the next six months, before moderating in the 4Q." - as quoted in http://www.nextinsight.com.sg/content/view/236/60/

 

Korea side dropped further down.  Cosco is down 12 cents by mid-day, today is Friday, be careful.

 

Trade with caution.  Koreans unlike Japanese not easy meat in trading.  Those who buy in Singapore and hope to make a tidy profits by selling in Korea need to take caution from now on as the prices are already aligned.  Do not get play out suddenly. 

 

wah sian... fell all the way since morning

 

The migration of shares definitely signals a distrust of our local market which might be amongst one of the reasons besides whatever the migration is intended for.  Sell off the shares, why are you worrying over the matter?  Or wait for it to be delisted which might be the last strategy of any migration. This is my opinion only and it is deduced by the action which is unprecedented as far as I know.

But nonetheless consult the brokers who are the experts. 

 

STX PAN OCEAN CO., LTD.
MIGRATION OF SHARES BETWEEN SINGAPORE EXCHANGE AND KOREA
EXCHANGE
STX Pan Ocean Co., Ltd. (?the Company?) wishes to announce the number of the
Company's shares migrated between Singapore Exchange (?SGX?) and Korea Exchange
(?KRX?), which is a mandatory disclosure under the KRX Listing rule 31-2. The details
of the migration of shares are set out as below: -
1. Details of share migration (As of 29th Feb. 2008)
Daily number of shares migrated from SGX to KRX: 8,764,500
Daily number of shares migrated from KRX to SGX : Nil
Net number of shares migrated this month : 29,719,500 (After 25th Feb. 2008)
2. Date of Confirmation : 3 March 2008
BY ORDER OF THE COMPANY
Lotus Isabella Lim Mei Hua
Company Secretary
Date: 3 March 2008

 

Then does anyone knows what is the tradinging price in Korea now?

 

I don't know how it is being quoted in KRX. But honestly if there is a large price differentials, buy the cheaper ones and sell the higher priced. Must also note the commission involved as the two transactions will incur different commission at dis-similar brokerages.

 

considering the persistent price disparity between SGX & KRX

it wont be surprising if more and more shares are being migrated over...

until the counter disappears here?

 

If I'm not wrong, migration of shares does not impact the local sharesholders much.  In fact it reduces the free float and create another market elsewere for interested investors in the "new" side which means adding more market participants.  It also allows arbitrage in this case by people in Korea exchange. 

I see it is not a problem to retail investors here in Singapore...