Just For Laugh ....
He has showed it to you publicly with full disclosure.
$60,000 profit in 4 days!
He bought Kep Corp @ $7.97, 100 lots on 15 Dec 2014
Today, 19 Dec 2014, Kep Corp closed @ $8.60
Who is he?
Keppel Corp's CEO. Mr. Loh!
Posts
Apple Q4 2024 earnings call: Services revenue drives growth amid mixed
challenges
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Apple, one of the world’s most valuable companies, continues to impress
with its strong performance. Known for its high levels of customer
satisfaction a...
9 hours ago
Some people like headline number.
ReplyDeleteHere is the treat for nice headline number.
LOL!
ReplyDeleteNEW YORK: Oil prices rebounded sharply on Friday (Dec 19) from the prior day's dives, despite concerns about abundant global supplies and weaker economies in Europe and China.
West Texas Intermediate for January delivery leaped $2.41 to close at $56.52 a barrel on the New York Mercantile Exchange, more than wiping out Thursday's loss that hit a fresh five-year low. Brent North Sea crude for February delivery, the international benchmark, settled at $61.38 a barrel in London, up $2.11 from Thursday's closing level.
"I think the facts that have driven us to these five-years low are still the primary drivers on the market, those being the global oversupply and the (weakened) economic conditions in China and Europe that are curbing crude demand," said Gene McGillian of Tradition Energy in a market note. "But we are in temporary oversold conditions, and we're heading into the final weeks of the year, and we see traders that are making profits on short positions."
Oil has shed about half its value since June, and a decision in November by the Organization of the Petroleum Exporting Countries to maintain output levels despite falling prices has weighed on the market.
"The petroleum markets continue to chop sideways within the recent trading range, having located some buying interest at the fresh five-year lows reached this week," said Tim Evans of Citi Futures.
For Evans, Friday's rebound in part was a "simple portfolio rebalancing, with traders judging that there's less downside risk and perhaps somewhat more upside potential from current levels, at least relative to where prices were at any point over the past six months."
- AFP/fl
CW888,
ReplyDeleteAre you sure Mr. Loh sold his 100 lots?
No announcement said that he sold leh.
You naughty ha!
It is unrealized profit. LOL
DeleteSMOL will say: Trust but verify!
DeleteLOL!
CW,
DeleteYou very de bad!
Making fun of those who just trust sexy headlines and expect others to verify for them?
It's like that "dumb" reporter who believed a "fake" statement of accounts without doing the actual math on how a 17 year old can make USD 72 millions trading penny stocks during lunch breaks!?
Well, at least thanks to Mr Loh, we now know $8 for Keppel is the line in the sand. If price pierce through $7.80 with high volume momentum, look out below!
LOL!
DUBAI (Reuters) - Saudi Arabia's oil minister said on Sunday non-cooperation by producers outside of the Organization of the Petroleum Exporting Countries and the actions of speculators had led to the oil price fall, but he was confident the market would improve.
ReplyDeleteIn a speech in Abu Dhabi, the minister, Ali al-Naimi, denied politics played a role in the kingdom's oil policy and said the price decline would not have "a noticeable and big" impact on the economies of Saudi Arabia or other Arab countries.
"The kingdom of Saudi Arabia and other countries sought to bring back balance to the market, but the lack of cooperation from other producers outside OPEC and the spread of misleading information and speculation led to the continuation of the drop in prices," he said.
Speaking at a conference in the capital of the United Arab Emirates (UAE), he added: "The talk about conspiracy by Saudi Arabia for political motives ... is baseless and shows lack of understanding."
"The (oil) policy of the kingdom is based on a strict economic basis, nothing more, nothing less," he said.
"I am confident the oil market will improve."
The United Arab Emirates oil minister urged all of the world's producers on Sunday not to raise their oil output next year, saying this would quickly stabilize prices.
ReplyDelete"We invite everyone to do what OPEC did and take a step to balance the market through not offering additional products in 2015, and if everyone abides by (the) OPEC decision, the market will stabilize and it will stabilize quickly," Suhail Bin Mohammed al-Mazroui said.
He was speaking to reporters on the sidelines of a meeting of ministers of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in Abu Dhabi.
OPEC's decision late last month to leave its output ceiling unchanged,rather than cutting it, was followed by a fresh plunge of oil prices.
Iranian Oil Minister Bijan Zangeneh said last week that the continuing price slide was a "political conspiracy"; Iran needs a high oil price to ease pressure on its state finances.
But Mazroui said on Sunday: "There is no conspiracy, there is no targeting of anyone. This is a market and it goes up and down."
ReplyDeleteABU DHABI: The Saudi and Kuwaiti oil ministers said Sunday that their countries would not cut oil production even if non-OPEC members reduce their output to shore up sagging oil prices.
"No... I think it's too late now," Saudi Oil Minister Ali al-Naimi told reporters when asked whether OPEC would cut its output if non-OPEC producers were to lower their own. "If they (non-OPEC) want to cut production they are welcome. We are not going to cut, certainly Saudi Arabia is not going to cut," Naimi said on the sidelines of an energy conference in the United Arab Emirates.
Kuwaiti Oil Minister Ali al-Omair agreed. "I don't think we need to cut. We gave a chance to others and they were not willing to do so," Omair said. "OPEC will not cut. Nothing will happen until June and there is no emergency meeting," he said.
The two countries are influential members of OPEC and along with the UAE and Qatar pump around 16 million barrels a day, or more than half of total OPEC output.
The Organisation of Petroleum Exporting Countries decided last month to maintain its production unchanged at 30 million barrels per day, which led to a slump in oil prices.
The benchmark Brent oil price is hovering around US$60 a barrel after losing almost half of its value since June because of a glut in supplies, the weak global economy and the strong US dollar.
- AFP/ir
Qatar energy minister Mohammed al-Sada told the conference that OPEC's decision last month to stay firm on output was a "big game changer" for the global energy market.
ReplyDelete"Cycles in our business are the norm," Sada said. "The decline in oil prices will have a different behaviour this time ... The role of swing producer (like Saudi Arabia) could be changing from government control to market dynamics."
OPEC seems determined not to interfere this time, even if the move to maintain output is hitting the pockets of some of its own members, like Nigeria and Venezuela, who have not built up the fiscal reserves of Gulf Arab nations.
Some reports have suggested the Gulf Arab nations are also trying to put pressure on the economies of energy-dependent Russia or even fellow OPEC member Iran, but officials have denied any political motives.
Experts told the conference the next 12-18 months will be crucial for the global energy market and that there are few signs the price will rise. Weak demand in China - where the economy is slowing after decades of spectacular growth - is likely to continue, said Bassam Fattouh, director of the independent Oxford Institute for Energy Studies.
Competition for Asian markets has meanwhile grown, he said, after the production increase in the United States allowed it to reduce or stop crude imports from the Middle East, west Africa and Latin America. "That has created a shift in oil trade flows," he said.
Other factors will help to keep prices low, he said, including the continued weakness of the global economy and potential output increases of around three million barrels per day if Libya, Iran and Iraq manage to restore or boost production.
In the long run, he said, the next few years could consolidate shale oil producers - pushing the less competitive out of the market and strengthening those that remain. "Some bankruptcies are expected but the developments may still create a much more resilient sector."
- AFP/de