STX PO   

STX Pan Ocean

I agree with raymondho. The support is around $2.57 cos this level has served as a resistance and support level for quite a number of occasions in the past. Any close below should result in a downtrend.I know many of us including me believe in a year end rally but i guess it is better not to do any prediction but just follow the trend. U can take a look at the chart i created here at the end of my post. Cheers ...

 

Support 2.57 had been formed on tuesday, I dun think it will drop further, the only confussing is why the amonut of divident till now has not released? This keeps investors hesitate to go further, but once the migrition of share between KE and SGX, for sure price in Singapore market will go up. How soon? hm...hm... let's pray for it. vested.

 

I think if you look at their FY earning for coming FY07, both counters make almost the same, about  more than 300 million US dollars. So STXPO might consider cheap, therefore the support is there.

 

i share de same sentiments wif jackjames.. no reason for NOL and STXPO or even YZJ to suffer to this extend.. yes... fear affects performance/share px.. but.. not to tis extend mah..

whenever i look at STXPO.. alamak..

 

there is no reason why NOL drop so much but not STXPO, so...

anyway, two new IPOs listed today might steer away those contra players attention.. they are lucky to list on the "green day" perhaps.

 

STX PO tested $2.59 today which is a crucial level of support. So it is either do or die. Either it rebound from here or once this support is breached, it will plunge.



 

 

sorry the earlier post on dividend was one year ago.

I re-check and find no amount was declared, below is the announcement from sgx website:

it seems  last CD date is 24 Dec. Book closure date  is 28 dec amount of dividend to be declared on AGM, within 3 months


 

STX PAN OCEAN CO., LTD.
NOTICE OF BOOKS CLOSURE DATE AND ENTITLEMENT TO DIVIDENDS
STX Pan Ocean Co., Ltd. ("the Company")
wishes to announce that in accordance with the
Articles of Incorporation of the Company, the Share Transfer Books and Register of
Shareholders of the Company will be closed on 31 December 2007 for the purpose of
determining the Entitled Shareholders (as defined below) entitled to annual dividends (if
any) and those entitled to receive notice of, attend and vote at the Annual General
Meeting ("AGM") of shareholders of the Company. The time, date and venue of the
AGM will be announced at a later date.

In the event any dividends for the financial year ending 31 December 2007 ("FY2007")
are declared by the Company and such declaration of dividends is subsequently approved
at the AGM of its shareholders to be held within 3 months after the end of FY2007, the
persons who will be entitled to the dividends are as follows:-

(i)

scrip holders whose names appear in the Register of Shareholders of the
Company as at 5.00 p.m. on 28 December 2007; and

(ii)

depositors whose securities accounts with The Central Depository (Pte) Limited
are credited with shares of the Company as at 5.00 p.m. on 28 December 2007.

Please note that such depositors will have to purchase shares of the Company by the
close of trading on 24 December 2007. For the avoidance of doubt, purchases of the
Company's shares after the close of trading on 24 December 2007 will not be entitled to
any dividends of the Company for FY2007 in the event that such dividends are declared.



BY ORDER OF THE COMPANY



Lotus Isabella Lim Mei Hua
Company Secretary 

 

STX PAN OCEAN CO., LTD.

DIVIDEND Announced on 2007-03-02

Particulars :	KOREAN TAX USD 0.023 LESS TAX
Financial Year End :	31 Dec 2006
Ex-date :	27 Dec 2006
Buy-In Last Cum Date :	3 Jan 2007
Record Date :	29 Dec 2006
Date Paid/Payable :	13 Apr 2007

 

hmm...unable to find the dividend from the sgx website.. anyone has clue on the divident amt?

 

DJ MARKET TALK: STX Pan Ocean Korea/Singapore Arbitrage Soon -CS (2007-12-18 02:45:00)

0245 GMT [Dow Jones] Investors may be able to arbitrage STX Pan Ocean''s Singapore-listed (V33.SG) and Korean-listed (028670.SE) shares soon, but it''s not clear how much upside the move would bring for the Singapore-listed shares, says Credit Suisse. "Fungibility could happen as soon as early 2008," broker says in note; move will allow investors to buy cheaper Singapore-listed shares and sell them at higher price in Korea, should mean gap between two narrows. But Credit Suisse adds, "while the discount gap between the Singapore-listed and Korea-listed shares is likely to narrow, we are uncertain of the impact on Singapore-listed shares, noting that the Korea-listed shares have been generally trending down for the past three weeks." Singapore-listed shares currently down 0.8% at S$2.62; Korean-listed shares +1.2% at KRW3,000 (S$4.69). (KIG)

 

STX PO CD...cum dividend...anyone know how much is the dividend...when will it be paid?? XD when?

 

Today...Mercator shipping drop below IPO...STX PO is still going strong...hohoho 

 

no prob. all masters were members once. they're just more free, that's how they become masters. lol.

 

Deepest appreciation towards your speedy reply and fantastic explanation.. guess tat's de diff between Master and Member.... lol..

Cheers...

 

hullo. CFD = contracts for difference. It's a kind of margin acct where they allow you to buy long or short (most ppl will use it for shorting since you can use a normal margin acct for longs). Believe the trades have to be settled within a month tho. but anw, if you're a tech trader, one month is excellent already. just gotta do the reverse of your long trades, and sell on breakout downward, then ride it for the couple of weeks--eg, if you had shorted the china stocks like yzj (which was clear downtrend) from 2.70+ to now, it's a lot of $$. and in a way, 'safer' than an intraday trade, since you can ride out the intraday volatility.

it basically offers an option to make money in a downtrend market.

i haven't yet opened my CFD acct tho, so the more experienced traders like cashiertan and manikamaniko may be able to tell ya more abt it. i believe only phillips has it or something...

yah. that's called a covered short. try not to go nude. :P

 

Hi elf.. tks for your reply.. it does provides me with much better pictures.. sames goes to 45504703.

I totally understand that what being SHORT must be covered within the same day. Your NAKED SHORT was really new terms to me.. heehee... will check wif my broker..

One more.. if u dun mind.. lol.. wat's CFD accts really is??? guess me still not familar wif these terms... super super greenhorn.. lol..

 

hm. counters like stx po are actually good for trading (shorting or long) since its intraday volatility is high. so nickyng does have a pt here.

huatah: shorting is when you sell a stock you do not own. then you hope it drops so you buy back at a lower price, and thus make the dif btwn your sell and subsequent buyback. most shortists will cover within the same day. if you leave it open to the next day(s), it's called a naked short. juz ask your broker to do it for you. perhaps nickyng can elaborate better on this. haha. note not all brokers will accept shorts tho. depends on your rs with your broker...also, shorting is not allowed on some margin accts. better to short on CFD accts really. at least then you have a mth.  

 

Shorting can be dangerous if you are not able to buy back the shares within the same day. As a conservative speculator...I believe in not taking advantage of those situation whereby the market falls. I also see the fundamental of the company and its overall performance. Be careful...like the fed rate...a lot people thought it will be cut further...but who knows...it only cut by a bit....not everyday is sunday. But at least interest rate is cut...expect people will borrow more to buy. STX PO is strong...shortist better go short other blue chips or shares....

 

I have seen lots of ppl is talkin abt SHORT... and understand it's not for those weak heart ppl.. but hor.. still like to learn what's SHORT and how to go about it.. Nickyng.. can advice??

 

no lah..in a volatile mkt like now...better to SHORT ..when it is HIGH...dont take the risk of trying to catch falling knife and use ur hardearned $$ to HOLD....of cos lah..u SHORT smartly...monitor that burger a few day..then...move in for the KILL ! :P

 

Think this stock will raise again...now flunctating between $2.85 to $3+...should be a good price to enter now....$2.8+  Recently it reported a rise in net profit....this stock is high in volume trading almost everyday...all eyes on it....need to hold. Vested.......STX PO...I like the name very much...Cheong back to $4....like NOL and COSCO