Genting Sing    Last:0.73    -0.005

GenSp starts to move up again

I have said this before and I will say this again. Contra and margin are not advised for amateurs and beginners. I got burnt badly at the beginning because I didn't know what I was doing with my margin account and was very lucky to have survived that period. I know some folks who weren't so lucky and never recovered from their losses, as a result their families and children were badly affected.

Lesson learnt? As a beginner, start with a cash account, or better yet, start with a paper money account. Trade the paper money account for at least 3 to 6 months, get the necessary experience, before using real money to trade.

Another lesson here, for those who are familiar with law of attraction. Be grateful and happy with the money you make. Share that money with family, your relatives who are in need, your friends who might need the money for hospital bills. Start donating about 5% to 10% of your monthly profits to charitable organizations. What you give out to the universe will come back to you many folds. But when you do it, don't think about making more money, just be sincere about helping other needy people and be grateful and you are the one giving money away, and not the one who needs that money.

This is one of the secrets of many successful entrepreneurs. Just look at Bill Gates and Warren Buffett.

Will share more next time. Cheers.  

 

Thanks jm2212 and noob 79.

 So it means If I have those shares in my CDP account already, it doesn't matter whether I tick CONTRA or not , the shares I sold will just be deduct from CDP account. In another words it's the same as cash sales?

 Again thanks a lot. 

jm2212      ( Date: 23-Oct-2010 08:51) Posted: you cannot contra what u had purchased thru phone (via remiser) against internet trading, these are 2 separate accounts. u may have to pay up for yr purchase first then receive yr payment later. if those purchased had already been settled earlier, just ignore the "contra" wording and yr CDP holding will be deducted accordingly pearlhill      ( Date: 23-Oct-2010 00:24) Posted: Hi guys, I've been followed this thread for quite some time and seems just can't learn enough here.  I got a noob question need  help, today I tried online transaction the first time, and didn't notice the " CONTRA" was ticked automatically when I place the sell order.  Those shares which I bought them before through phone agent.  To be honest I don't even know what CONTRA is nor how it works, from some research it seems like some sort of hedge to me.  My question is , is my shares in CDP account has truly been sold, or they were not been touched and I have to pay up for the CONTRA after 3 market days?   Many thanks in advance.

 

you cannot contra what u had purchased thru phone (via remiser) against internet trading, these are 2 separate accounts. u may have to pay up for yr purchase first then receive yr payment later. if those purchased had already been settled earlier, just ignore the "contra" wording and yr CDP holding will be deducted accordingly

pearlhill      ( Date: 23-Oct-2010 00:24) Posted: Hi guys, I've been followed this thread for quite some time and seems just can't learn enough here.  I got a noob question need  help, today I tried online transaction the first time, and didn't notice the " CONTRA" was ticked automatically when I place the sell order.  Those shares which I bought them before through phone agent.  To be honest I don't even know what CONTRA is nor how it works, from some research it seems like some sort of hedge to me.  My question is , is my shares in CDP account has truly been sold, or they were not been touched and I have to pay up for the CONTRA after 3 market days?   Many thanks in advance.

 

Contra is for those who have insufficient money to keep the shares that they bought or those who does not intend to keep long after buying usually 3+2 days must paid up le...orelse they will force sell away for u at lower price or u sell away urself better.

pearlhill      ( Date: 23-Oct-2010 00:24) Posted: Hi guys, I've been followed this thread for quite some time and seems just can't learn enough here.  I got a noob question need  help, today I tried online transaction the first time, and didn't notice the " CONTRA" was ticked automatically when I place the sell order.  Those shares which I bought them before through phone agent.  To be honest I don't even know what CONTRA is nor how it works, from some research it seems like some sort of hedge to me.  My question is , is my shares in CDP account has truly been sold, or they were not been touched and I have to pay up for the CONTRA after 3 market days?   Many thanks in advance.

 

Hi guys, I've been followed this thread for quite some time and seems just can't learn enough here.

 I got a noob question need  help, today I tried online transaction the first time, and didn't notice the " CONTRA" was ticked automatically when I place the sell order.  Those shares which I bought them before through phone agent.

 To be honest I don't even know what CONTRA is nor how it works, from some research it seems like some sort of hedge to me.

 My question is , is my shares in CDP account has truly been sold, or they were not been touched and I have to pay up for the CONTRA after 3 market days? 

 Many thanks in advance. 

 

BT what's your take for the acquisition of ASX by SGX?  impact on SGX share?

 

Wow i just read the edge newspaper...it support at 2.18 and a break of it shall has a target objective of 2.51. Now is still intact...will see how first and react.

 

 

Has a great weekend :)

BullishTempo      ( Date: 22-Oct-2010 17:23) Posted: $2.38 should be reachable on the day of results announcement. All depends on how good the GSP results are on 12th Nov. I didn't invest all my capital at 2.21, since now STI still in correction phase, so still keeping half in cash for safety. Ok, see you guys after the weekend. Have a good one !!!      Noob79      ( Date: 22-Oct-2010 17:18) Posted: I think u more than that rite... i have oso vested many onto it but is really 小屋见大屋 loh... Hope Genting can chiong another 10-20 cent  more to make everyone happy.   :)

 

Cheers

AK_Francis      ( Date: 22-Oct-2010 21:38) Posted: Ha ha, AK apology, I relate my frd mail sent to me earlier. He could be mislead as well. May be he referred to d same Fri's date loh. 3,10,17,24,31. How to verify ds, hair white liao. Dun bother lah, leaving desk for Carlsberg with kakis at kopitiam liao. Cheers. Raptor22      ( Date: 22-Oct-2010 21:28) Posted: Mistake lor. No need to wait so long. Check next year's calendar. Next 5 Fri, Sat, Sun is Next Year in July.

 

Ha ha, AK apology, I relate my frd mail sent to me earlier. He could be mislead as well. May be he referred to d same Fri's date loh. 3,10,17,24,31. How to verify ds, hair white liao. Dun bother lah, leaving desk for Carlsberg with kakis at kopitiam liao. Cheers.

Raptor22      ( Date: 22-Oct-2010 21:28) Posted: Mistake lor. No need to wait so long. Check next year's calendar. Next 5 Fri, Sat, Sun is Next Year in July. AK_Francis      ( Date: 22-Oct-2010 20:23) Posted: Ha ha, splendid coincidence. 4D, all the 2 loh! 2 same nos easy to come by, but ds mth got 5 Fri, Sat n Sun, next to see it would be 823 yrs later liao. Cheers

 

 

BT,

"the 25 bp hike in interest rates in China" was the partly reason for today's sluggish market? 

 

Mistake lor. No need to wait so long.

Check next year's calendar. Next 5 Fri, Sat, Sun is Next Year in July.

AK_Francis      ( Date: 22-Oct-2010 20:23) Posted: Ha ha, splendid coincidence. 4D, all the 2 loh! 2 same nos easy to come by, but ds mth got 5 Fri, Sat n Sun, next to see it would be 823 yrs later liao. Cheers. Raptor22      ( Date: 22-Oct-2010 19:55) Posted: And coincidentally I am also 22..... hehehe.....Raptor22 lol

 

SGX, ASX steal limelight from ADR launch

The big news of today was the Singapore Exchange is expected to make a full takeover bid for the Australian Stock Exchange on Monday. SGX is bigger than the ASX with a market value of around $10 billion against A$6.2 billion ($7.9 billion) for the ASX and is also trading on a multiple of 27 times against 17 times for the ASX. According to The Australian, the chairman and CEO will be from SGX and the deputy chairman will be from ASX.

The other big news this week — the 25 bp hike in interest rates in China — may turn out to be a non-event, say some analysts. Nomura Securities says that equity markets ought to have little to fear from the rate hike. “At first sight the rate hike might not appear to be good news for equities, but we think it ought to remove the threat of arbitrary rule changes on sectors that have undermined investor sentiment,” the report states. Indeed, Nomura is bullish on China A-shares. Interestingly, some of their ADRs (American Depository Receipts) started trading on SGX’s GlobalQuote board today.

Unfortunately, dealers reported that in total only $10 million worth of shares changed hands and expectations were too high. Shares of SGX fell 27 cents today to end the week at $9.54, down 72 cents, or 7% from an intra-day high of $10.26 on Oct 15.

Among the ADRs, Nomura has a Buy on is Chinese search engine Baidu, which announced today that its net profit had risen 112.4% year-on-year to RMB1.05 billion ($205.5 million) in 3Q10 on the back of a 72% rise in revenue to RMB2.26 billion. The counter is trading at a forward PE of 6.4 times according to Nomura.

Chemical company Sinopec Shanghai PetroChina, also rated as a Buy by Nomura, is trading at a forecast PER of 10.3 times for FY2011 and a price to book of 1.34 times.

Other stocks include PetroChina, which has a PER of 11 times for FY11 and a price to book of 1.75 times. Huaneng Power International has a forecast PER of 15.8 times for FY11 and is trading at a price to book of 1.2 times whileSuntech Power Holdings, a renewable energy company, has a forecast PER of 9.2 times and is trading at a price to book of 1.15 times.

Palm oil pick
In Singapore, the rush of liquidity could benefit commodity plays, Nomura says.Golden Agri Resources and Indofood Agri Resources are its top picks. DBS Vickers Securities is upgrading its target for crude palm oil upwards between 2-11% for the next two years, due to expectations for a weaker USD, firm soybean oil price and steep Fresh Fruit Brunch yield drop in 1Q11.

Its top pick is Indofood Agri which has a target price of $3.10. DBS says that it is expecting a 13-14% volume recovery p.a. in 2011 and 2012, and is raising earnings forecast by 23.4%, 30.4% and 21.6% for 2010, 2011 and 2012 respectively on higher CPO price assumptions. First Resources is also being upgraded to a Buy. DBS is forecasting an earning lift of 8% this year, 13.5% next year, and 7.1% in 2012. “The contribution from their fractionation plant to be commission next year is yet to be imputed into our forecast,” DBS says.

Kencana Agri has also been upgraded to a Buy, with upward earnings revision of 10.5% for this year, 17.8% for next year, and 8% for 2012. Kencana is likely to be expanding planted hectarage by 6,000 ha p.a. However, Wilmar International has been downgraded to a Hold.

Chart view
Clearly, the STI’s (3,173) uptrend appears to be entrenched. Nonetheless, a short-term correction is likely following negative divergences and declines by short-term stochastics and RSI. Support is now at 3,120. The index has an eventual target of 3,400. — Goola Warden

 

Ha ha, splendid coincidence. 4D, all the 2 loh! 2 same nos easy to come by, but ds mth got 5 Fri, Sat n Sun, next to see it would be 823 yrs later liao. Cheers.

Raptor22      ( Date: 22-Oct-2010 19:55) Posted: And coincidentally I am also 22..... hehehe.....Raptor22 lol  AK_Francis      ( Date: 22-Oct-2010 19:21) Posted: Ha ha, wat a conicidence, it closes at 2.22 n happens that today is 22. No 2 in fengshui is good luck no. Hence, couples with result's day is nearer, expected more upside to come. Hence, AK ka ka predict next Mon ds burger will surpass 2.25 loh, as 5 is also a good no in fengshui. Lagi best it touches luck, 6 or even fatt, 8. Cheers.

 

And coincidentally I am also 22..... hehehe.....Raptor22

lol 

AK_Francis      ( Date: 22-Oct-2010 19:21) Posted: Ha ha, wat a conicidence, it closes at 2.22 n happens that today is 22. No 2 in fengshui is good luck no. Hence, couples with result's day is nearer, expected more upside to come. Hence, AK ka ka predict next Mon ds burger will surpass 2.25 loh, as 5 is also a good no in fengshui. Lagi best it touches luck, 6 or even fatt, 8. Cheers.

 

Genting is in a bull flag formation.

But I would suggest accumulate at 2.20 as this will be the last time we see the price before the Q result is out.

 

However if the price hit $2.40 by end next week, probably dump first as it is too hot too fast,

Let it correct before buying again as Fed will llkely be a sell on news on Nov 3.

No matter what, do not short.

Yours Truly

Vested.

Biased opinion, pls do not blame me, if the wind blows wrongly.

 

 

Ha ha, wat a conicidence, it closes at 2.22 n happens that today is 22. No 2 in fengshui is good luck no.

Hence, couples with result's day is nearer, expected more upside to come. Hence, AK ka ka predict next Mon

ds burger will surpass 2.25 loh, as 5 is also a good no in fengshui. Lagi best it touches luck, 6 or even fatt, 8. Cheers.

 

Friday: 22 10 2010  CLOSING

 

2.22 good price ?

when will it cheong again ?

pharoah88      ( Date: 22-Oct-2010 18:04) Posted: Friday:  22 10 2010  CLOSING Stock Code i Rmk Ccy Last $Chng %Chng Vol Buy Vol Buy Sell Sell Vol Open Previous Day Hi Day Lo Ind Sector Mkt Off Code Feed Code COC BB COC LD COC BS Mun Siong MF6 i -- SGD 0.250   0.000 0.0 126,726,000 3,884,000 0.250 0.255 813,000 0.295 0.000 0.305 0.245 C       -- SGX MF6 MSEL.SI -- -- -- MapletreeInd ME8U i -- SGD 1.110   -0.050 -4.3 111,950,000 6,736,000 1.110 1.120 2,627,000 1.160 1.160 1.170 1.110 C,M     -- SGX ME8U MAPI.SI -- -- -- ChinaNTown D4N i -- SGD 0.180   -0.005 -2.7 87,536,000 1,324,000 0.180 0.185 2,908,000 0.190 0.185 0.200 0.175   M     -- SGX D4N CNTW.SI -- -- -- Genting SP G13 i -- SGD 2.220   0.000 0.0 66,960,000 558,000 2.210 2.220 1,852,000 2.230 2.220 2.240 2.200   M     -- SGX G13 GENS.SI -- -- -- GLP MC0 i -- SGD 2.250   -0.040 -1.7 65,999,000 291,000 2.240 2.250 5,822,000 2.280 2.290 2.280 2.230 C,M     -- SGX MC0 GLPL.SI -- -- -- ChinaGaoxian I4U i -- SGD 0.230   +0.010 +4.6 53,859,000 7,800,000 0.225 0.230 375,000 0.220 0.220 0.235 0.210 C,M     -- SGX I4U CGXF.SI -- -- -- China Hongx BR9 i -- SGD 0.175   -0.010 -5.4 48,758,000 338,000 0.175 0.180 6,636,000 0.185 0.185 0.190 0.175   M     -- SGX BR9 CHXS.SI -- -- -- GoldenAgr E5H i -- SGD 0.660   +0.005 +0.8 43,194,000 2,372,000 0.655 0.660 117,000 0.655 0.655 0.660 0.645   M

 

Pharoah..thanks for the updates ! =)

 

Friday:  22 10 2010  CLOSING

Stock	Code	i	Rmk	Ccy	Last		$Chng	%Chng	Vol	Buy Vol	Buy	Sell	Sell Vol	Open	Previous	Day Hi	Day Lo	Ind	Sector	Mkt	Off Code	Feed Code	COC BB	COC LD	COC BS
Mun Siong	MF6	i	--	SGD	0.250		0.000	0.0	126,726,000	3,884,000	0.250	0.255	813,000	0.295	0.000	0.305	0.245	C	--	SGX	MF6	MSEL.SI	--	--	--
MapletreeInd	ME8U	i	--	SGD	1.110		-0.050	-4.3	111,950,000	6,736,000	1.110	1.120	2,627,000	1.160	1.160	1.170	1.110	C,M	--	SGX	ME8U	MAPI.SI	--	--	--
ChinaNTown	D4N	i	--	SGD	0.180		-0.005	-2.7	87,536,000	1,324,000	0.180	0.185	2,908,000	0.190	0.185	0.200	0.175	M	--	SGX	D4N	CNTW.SI	--	--	--
Genting SP	G13	i	--	SGD	2.220		0.000	0.0	66,960,000	558,000	2.210	2.220	1,852,000	2.230	2.220	2.240	2.200	M	--	SGX	G13	GENS.SI	--	--	--
GLP	MC0	i	--	SGD	2.250		-0.040	-1.7	65,999,000	291,000	2.240	2.250	5,822,000	2.280	2.290	2.280	2.230	C,M	--	SGX	MC0	GLPL.SI	--	--	--
ChinaGaoxian	I4U	i	--	SGD	0.230		+0.010	+4.6	53,859,000	7,800,000	0.225	0.230	375,000	0.220	0.220	0.235	0.210	C,M	--	SGX	I4U	CGXF.SI	--	--	--
China Hongx	BR9	i	--	SGD	0.175		-0.010	-5.4	48,758,000	338,000	0.175	0.180	6,636,000	0.185	0.185	0.190	0.175	M	--	SGX	BR9	CHXS.SI	--	--	--
GoldenAgr	E5H	i	--	SGD	0.660		+0.005	+0.8	43,194,000	2,372,000	0.655	0.660	117,000	0.655	0.655	0.660	0.645	M