Capitaland sells building in Beijing for S$205.8m

By ANGELA TAN


CapitaLand Limited said on Monday that it has sold a 21-storey building with 310 apartment units known as Ascott Beijing in China for S$205.8 million in cash.

'The divestment is consistent with CapitaLand's active capital management,' the property group said in a statement.

CapitaLand's subsidiary, Ascott Investments Pte Ltd (AIPL) has sold its entire stake in Hemliner Pte Ltd (HPL) to Splendid Wealth Group Ltd, which is a subsidiary of Ascott Serviced Residence (China) Fund (ASRCF).

ASRCF is a private equity real estate fund investing primarily in China. CapitaLand has a 36.1 per cent interest in ASRCF.

HPL owns 100 per cent of the registered capital in Hemliner (Beijing) Real Estate Co, Ltd (Hemliner).

The sole asset of Hemliner is the property, located in the prime district of Beijing, China.

CapitaLand's total carrying value of its investments in HPL as at 31 May 2011 was S$80.5 million.

Following the completion, HPL and Hemliner have ceased to be wholly-owned subsidiaries of CapitaLand. CapitaLand will have an interest of 36.1 per cent in Ascott Beijing through ASCRF.

Sembcorp Industries expects early completion of Oman plant

SINGAPORE: Sembcorp Industries said it is confident about completing the Salalah Independent Water and Power Plant in Oman ahead of schedule in April 2012.


The strong expectations came as its joint venture company, Sembcorp Salalah Power and Water Company successfully completes the first phase of the US$1 billion plant.

With the completion of the first phase, the facility has began dispatching 61 megawatts of power to a power grid in Southern Oman.

It was originally targeted to begin full commercial operations in the first half of 2012.

The power plant, which will have a total net capacity of 445 megawatts and a seawater desalination plant, will use reverse osmosis to produce 69,000 cubic metres of water per day.

Sembcorp Salalah Power and Water Company is 60 per cent owned by Sembcorp Utilities and 40 per cent owned by the Oman Investment.

- CNA/cc

SEMBCORP SUCCESSFULLY COMPLETES FIRST PHASE OF US$1 BILLION SALALAH INDEPENDENT WATER AND POWER PLANT IN OMAN

Singapore, July 18, 2011 – Sembcorp Industries (Sembcorp) is pleased to announce that the Sembcorp Salalah Power and Water Company, a joint venture company between Sembcorp’s fully-owned subsidiary Sembcorp Utilities and the Oman Investment Corporation, has successfully completed the first phase of its US$1.0 billion Salalah Independent Water and Power Plant (IWPP) in Oman. With the completion of the first phase, the facility began dispatching 61 megawatts of power, on schedule, to the Dhofar power grid in Southern Oman.

Targeted to begin full commercial operations in the first half of 2012, the Salalah IWPP will consist of a gas-fired power plant which will have a total net capacity of 445 megawatts and a seawater desalination plant which will employ reverse osmosis technology to produce 15 million imperial gallons (69,000 cubic metres) per day of water.

Mr Tang Kin Fei, Sembcorp’s Group President & CEO said, “We have met the tight schedule of 19 months from the signing of the Power and Water Purchase Agreement (PWPA) to complete the first phase of our Salalah IWPP on time. This is especially vital as the completion is timely to meet the surge in power demand in Dhofar, which coincides with the summer months every year.

Besides playing a significant role in providing power during the demand peak, the facility also enables Dhofar to obtain cheaper power during the summer period. We are confident to complete the entire project ahead of schedule in April 2012.”

Sembcorp, which was named the Water Company of the Year at the prestigious Global Water Intelligence's 2011 Global Water Awards, also clinched the Desalination Deal of the Year award for its Salalah IWPP project. Despite the deal coming at the tail end of the financial crisis, the project’s financing team nevertheless secured funding support at a competitive cost. Standard Chartered Bank, Bank of China, China Development Bank, BankMuscat, KfW-IPEX Bank, Sumitomo Mitsui Banking Corporation, National Bank of Oman and Bank Sohar supported Sembcorp in the financing of this project.

Sembcorp Salalah Power and Water Company is 60% owned by Sembcorp Utilities and 40% owned by the Oman Investment Corporation.
 
The completion of the first phase of the Salalah IWPP is not expected to have a material impact  on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year.

SEC Official Seeks Investor Alert on Retail Forex

Createwealth8888: Here in Singapore, every day we are seeing big advertisement placed by "Gurus" stating how easy to make money in retail forex trading to become financial freedom. When is MAS going to step in to regulate them?


By: Reuters


A top U.S. securities regulator is calling for a special investor alert to warn retail investors about the risks of trading off-exchange foreign currency contracts.

Luis Aguilar, a commissioner at the U.S. Securities and Exchange Commission, issued a statement this week expressing concerns about retail forex fraud.

Regulators have been worried about the risks posed by the use of leverage.

His written statement came after the SEC approved a temporary rule that will allow brokers to continue to sell retail forex contracts to less sophisticated investors until the agency decides whether to implement more robust consumer protection rules prescribed by the Dodd-Frank Wall Street overhaul law.

"I am concerned about the risks to retail investors," he wrote in a statement that explained his vote on the temporary rules.

"My support of the promulgation of an interim final temporary rule was subject to the condition that the Office of Investor Education and Advocacy be directed to issue an investor alert warning investors about the potential risks and conflicts inherent in off-exchange foreign currency transactions."

The retail foreign exchange market is a niche market that lets average investors bet on the direction of currency price movements. But over the years, it also has been a market favored by fraudsters.

Additionally, regulators also have been concerned about risks posed by the use of leverage, which allows traders to increase their profits, but also can lead to larger losses.

Last August, the Commodity Futures Trading Commission adopted retail forex rules for the firms it regulates that would cap leverage at 50-to-1 for major currencies and require forex dealers to hold more capital and abide by certain disclosure, reporting and record-keeping rules.

The CFTC already had planned to adopt these rules before the enactment of Dodd-Frank, but the Dodd-Frank law required the CFTC to speed up the deadline on finalizing the rules.

The Dodd-Frank law additionally required other regulators, including the SEC, to impose similar rules on the retail forex dealers they oversee.

If the regulators do not establish a regulatory regime for these transactions, then retail forex dealing would be prohibited.

The temporary rule approved by the SEC this week, which went into effect Friday, allows the firms to continue dealing in retail forex contracts until the SEC decides whether or not to adopt a more comprehensive oversight regime.

The SEC said it will consider a number of avenues, including proposing new rules to protect consumers, allowing retail brokers to operate as they do today, and possibly prohibiting retail foreign exchange trading altogether.

Uncle, Why your Chart so dumb leh? (2)

Read? Uncle, Why your Chart so dumb leh?

Look here! Uncle's chart is not dumb hor. Today, I realized that I actually belong to Kung Fu School of Naked Traders.

Naked Trading refers to trading without technical indicators i.e. the trader's chart is naked with no technical indicators. These naked traders only look at trends and chart patterns. They are also known as discretionary traders.

From the perspective of Technical Analysis, the classic example of a discretionary trader is one who uses chart patterns to make trading decisions in a visual, nonalgorithmic fashion. This type of trader seeks patterns in the charts and tries to determine what they mean given the market situation.

Investing Made Simple by Uncle8888 (20)

Read? Investing Made Simple by Uncle8888 (19)

Control Risk is NOT a choice in Investing

How does Uncle8888 control his risks?

1. Limit investing capital exposure to any one stock.
2. Diversify but Don't Over-Diversify in any one sector.

Limit investing capital exposure to any one stock

When his account size was small, he limits it to at most 10% of his total investing capital to any one stock and less than 20% to any one sector. But now his account size is bigger he limits to 5% to any one stock and less than 10% in any one sector.

He was shocked when he heard some of his cyber friends are investing up to 40-60% of their investing capital into one stock by getting it cheaper and cheaper. Are they thinking that they are smarter than Mr. Market?

In investing, as part of good risk control management, we must learn to respect Mr. Market. He may be wrong over days or weeks; but he is seldom wrong over months. Over a longer term, Mr. Market is mostly Right; and if Mr Market indicates that you are wrong; you have to bravely accept it and move on.


Diversify but Don't Over-Diversify in any one sector.

Read? Portfolio Management - Portfolio Risk (2)

Uncle8888 believes most retail investors can easily understand that diversification is part of good risk control management. But, the idea of "don't over-diversify in any one sector" as part of risk control management may not be easily understood by retail investors; especially passive income investors in REITs. Often they will have a portfolio full of them - only different in "kind, shape or size". Don't believe him? Check it out yourself.

In the market, there will always be industry or sector risk when one particular investment thesis or theme related to that industry or sector may go sour in the future. When that happens; then every one in the same sector or industry will be hurt. It is only the magnitude or degree of fall in each stock in the sector that will differentiate them. But, it will certainly hit your portfolio badly. No doubt about it.

Have you seriously check through your portfolio and see how many % of your investing capital is in the same sector or industry?

Punting for quick profits from blue chips

Createwealth8888: I have been punting Noble and Olam since 2008. The returns from punting is not too bad.

Read? Noble  Olam
--------------------------------

Top candidates include Golden Agri, NOL, Noble, Olam, Genting Singapore, City Developments and Sembcorp Marine

By TEH HOOI LING
SENIOR CORRESPONDENT

SINCE November last year, the stock market has been trapped in a trading range of 3,000-3,300 points. Investors would see their stocks rise, then fall again a few weeks later. Except for those stocks which are yielding generous dividends, there is no profit for investors to pocket, except for those who go in and out for quick gains in the market.

In my years of watching the market, I've come to the conclusion that, at least in Singapore, on average it doesn't quite pay to punt in the small cap stocks. Yes, the volatility may be there, and you may be making some good money if you are nimble enough. But the question is for how long. There is a rather high chance that while you are holding that stock, screaming at you one morning is a newspaper headline relating to that stock. It could be that the cash that was supposed to be in the bank isn't there, or that the revenues and profits have been overstated, or that a fire has gutted the company's factory.

Small caps vulnerable

Such bad news will deal a big blow to the stock price of small cap stocks. It is not unusual for them to plunge 50-60 per cent in a day, which would mean all the accumulated profits that you had made previously might be wiped out. Worse still, you might even lose your capital.

So I've convinced myself that if one were to itch to trade in markets such as now, one should be trading the blue chips. At least, if there is some unexpected negative macro developments, or even certain unflattering news relating to the company, chances are that over time these blue chips would bounce back. One just has to ride through the rough patch.

The question then is which of the blue chips are good candidates for trading?

I downloaded the daily share price of the 30 component stocks of the Straits Times Index from 2000. I then calculated their price difference over three-trading-day periods. From there, I find out the standard deviation, or volatility, of this price movement. In addition, I also calculated the one month return of these 30 stocks.

The purpose of this exercise is to find out which of the 30 stocks are most volatile, which would make them good trading candidates.

Based on the 12-year record, Wilmar emerged as the most volatile of all STI stocks. Its median standard deviation, or the variation of its return around its average three-day return, is 6.7 per cent. It has seen its stock price double in three days before. On the downside, it has fallen by as much as 30 per cent in three trading sessions.

Over a month, its share price had risen by as much as 214 per cent and had fallen by 48 per cent. Admittedly, looking at its numbers, it should be noted that much of Wilmar's volatility was due to its upside movement. Relative to the other stocks, its maximum downside over three days and a month had not been the biggest.

The second most volatile STI stock in the last 12 years is Golden Agri. Its standard deviation is 5.3 per cent. Its maximum three-day gain was 135 per cent, and its maximum plunge, 32 per cent. Over a month, the maximum upside and downside were 149 per cent and 56 per cent respectively.

Meanwhile, the most steady stocks in the benchmark index are Singapore Press Holdings, Global Logistics, CapitaMall Asia ????, StarHub and SIA Engineering. Other steady counters included ComfortDelGro, ST Engineering, OCBC, UOB and SingTel.

Steady versus volatile stocks

Sharp-eyed readers would realise that these are dividend yielding stocks in the STI stable. The more volatile stocks meanwhile tend to be the 'concept' stocks - those with very exciting narratives, but which might or might not deliver. And they might be expensive to begin with, which makes them susceptible to any negative news. Hence, the volatility.

Wilmar, Golden Agri Resources, Noble Group, Olam and Genting Singapore fit that description. I plotted two charts, just to have a graphical representation of how the share price and volatility change over time. From the first chart, you can actually see that for Wilmar, its volatility has decreased over time.

It started out as a concept stock. Over time, solid assets were injected into it and the group started to deliver results. Its share price rose and its income stream became more steady. There were less surprises. Consequently, its volatility declined.

The second chart showed the share price performance and volatility of Golden Agri. In the last one and a half years, its volatility has also fallen. That set me thinking: Perhaps the 12-year record may not be an accurate representation of the stocks' volatility today.

So I looked at the volatility starting from 2009 until now. True enough, based on the price movements in the last two and a half years, Wilmar was no longer among the most volatile stocks among the STI component stocks. It had fallen to the 16th spot. But retaining top spots were Golden Agri-Resources, NOL, Noble Group, Olam, Genting Singapore, City Developments and Sembcorp Marine.

At the other end of the spectrum, the most steady of the STI stocks since 2009 is CapitaMall Trust. The others are the usual suspects such as SPH, StarHub, ComfortDelGro, ST Engineering, Global Logistics and SingTel. So now, when you itch for some short term trades, you know which blue chips to go for.

Trekking along Singapore historical KTM railway tracks - Your last chance to do it! (2)

Read? Trekking along Singapore historical KTM railway tracks - Your last chance to do it!

Today, I will continue from where I stopped at last Sunday and to complete the trek along the historical KTM Railway track before it vanish into dust.

Similarly, like my investing journey I will always pause and continue from where I have stopped. Buy, sell and buy back!

5 Factors That Drive Stock Prices

By Ben Baden,


Over the next few years, emerging markets countries like China and Brazil are expected to far outpace developed nations like the United States in terms of GDP growth, but that doesn't necessarily mean their stock markets will also outperform. When deciding how to allocate your stock portfolio to different regions of the world, there are many factors investors should consider. A stock market's valuation, the country's expected economic growth, and the actions of its central bank all play a role. Here are five factors that drive stock prices:

1. Market sentiment.

On a day-to-day basis, it's impossible to predict what will happen in stock markets worldwide. One week, the market is up on better-than-expected economic indicators, and the next it's down because of a new development in the sovereign debt crisis in Europe. "It's so unpredictable," says Roger Aliaga-Díaz, senior economist with the investment strategy group at Vanguard. "That's one of the reasons that we focus more on the long term."

2. Growth expectations.

Research over the years has proven that higher GDP growth doesn't necessarily translate into higher stock returns in a particular country. The correlation between the two is actually negative. Take China, for example. From the beginning of 1993 through the end of 2009, China's GDP grew at an annualized rate of 11 percent, which ranked it first among countries represented in the MSCI All-Country World Index (NasdaqGM: ACWI - News), according to a research paper released by Heckman Global Advisors. During the same time period, the MSCI China Index returned a measly 0.6 percent per year, on average. On the other hand, from the start of 1989 through 2009, the U.S. economy grew at a much slower annualized rate of 5 percent, while the MSCI USA Index returned an annualized 9 percent.

Investors should pay attention to analysts' expectations for higher or lower economic growth in a given country. "You want [to invest in] markets where you find GDP growth is accelerating," says Leila Heckman, senior managing director, international equity, at Mesirow Financial in New York. "If you knew the bottom of a recession, that's probably the best time to be investing in a market." Heckman says she generally advises her clients to avoid the fastest-growing countries because sometimes that growth can be priced into the stocks very quickly. Currently, she's telling clients to underweight China in their portfolios.

3. Valuation.

In the long term, valuation plays an important role in driving stock prices in a given country, says Jay Ritter, a professor of finance at the University of Florida. Price-to-earnings ratios (P/E ratios) are used to measure the value of stocks. Trailing P/E ratios track historical earnings, while measures like forecasted P/E ratios track expected earnings. Both can be helpful in determining how expensive or cheap a stock (or stock market) looks. One of the most commonly cited measures of the price of U.S. stocks is the Shiller P/E ratio, which divides the level of the S&P 500 by the average earnings of the S&P during the last 10 years. "When this ratio is high, future stock returns will be low. But anything can happen for a year or two, or even five. When the Shiller P/E is low, it is a good time to buy stocks," Ritter says.

4. Momentum.

Despite what's going on in the economy or with a particular company's fundamentals, investors will sometimes trade on momentum. "Often investor psychology can pile on and drive a stock price higher and higher, well above fair value, and that can happen for an extended period until finally there is a correction," says Steve Cucchiaro, founder of Windhaven, a Boston-based investment advisory group. "Conversely, there is a time when stock prices can be pushed down."

5. Central bank activity.

Generally, you want to invest in a country in which the central bank is lowering interest rates. While interest rates remain at virtually zero in the United States, other rapidly-growing nations are being forced to raise rates because of inflation concerns. So while it seems that economic growth would be beneficial for stock prices, too much growth can actually have a negative effect. "As these economies like China and Brazil grow faster and faster, they begin to overheat, then inflationary pressures rise, then the central banks decides that they don't want inflation to get out of hand, so they start to raise interest rates, and usually, that's a long process," Cucchiaro says. "That acts to cut into stock valuations."

Noble: Bought @ $1.79 Caught a falling knife!!!

Since 2008, I have been fighting Noble with only three commandos. Today, the last commando was thrown into the battlefield too. Let see how they will survive in the battlefield.

No 3 Commando: $1.79 (Front Line)
No 2 Commando: $1.85 (Front Line)
No 1 Commando: $0.688 (Guarding Base Camp since Dec 2008)

Today,  I caught a falling knife! That is dangerous.
Noble is such volatile stock.

Past ROC for 14 rounds since 15 Jul 2008: From 3.8% to 34.3% in 1 to 190 holding days.

Round 14: ROC 10.9%, 20 days, B $1.98 S $2.21
Round 13: ROC 20.8%, 185 days, B $1.72 S $2.08 (Price has been adjusted after XB)
Round 12: ROC 5.4%, 190 days, B $1.87 S $1.98 (Price has been adjusted after XB)
Round 11: ROC 10.1%, 45 days, B $3.04 S $3.37
Round 10: ROC 6.5%, 20 days, B $3.07 S $3.29 (Bought back higher) <--waited far too long to buy back!
Round 9: ROC 5.7%, 74 days, B $1.71 S $1.82 (Bought back higher) <- waited too long to buy back!
Round 8: ROC 34.3%, 100 days, B $0.96 S $1.30
Round 7: ROC 5.7%, 10 days, B $1.02 S $1.09
Round 6: ROC 3.8%, 1 day, B $1.01 S $1.06
Round 5: ROC 12%, 27 days, B $0.965 S $1.08, (2nd Half)
Round 4: ROC 14%, 8 days, B $0.965 S $1.11, (1st Half) - Bought back higher
Round 3: ROC 7.1%, 8 days, B $0.830 S $0.895
Round 2: ROC 31.6%, 20 days, B $0.800 S $1.05
Round 1: ROC 16.3%, 28 days, B $0.910 S $1.08

CPF Contribution and Allocation Rates from 1 September 2011

From 1 September 2011, the employers’ CPF contribution rate will be increased by 0.5 percentage point. For employees who are above 35 years old and earning monthly wages of up to $1,500, the higher employer CPF contribution rate will continue to be phased in from 0% at the wage of $50 to the new full rate at the wage of $1,500. The increased contribution will be credited to the employees’ Special Account (including those above 55 years of age).


However, the additional 0.5 percentage point does not apply to employers and first and second year Singapore Permanent Residents (SPR) contributing CPF at graduated employer and employee rates.

Noble

Now, I know there are a few cyber Noble fans following it. Are you not scare of Noble breaking down?

Simple is not necessarily simplistic

Just For Thinking ...

"If you can't explain it simply, you don't understand it well enough." - Albert Einstein

Read? Investing Made Simple by Uncle8888 (19)

For example:

"Men who can both be right and sit tight are uncommon." - Jessie Livermore


"We don't need to win back in the same manner that we have lost it." - Createwealth8888
 
These are one liner advice. It is simple. Simple is not necessary simplistic.
 
Similarly, Simple chart like this. It is simple and there is no doubt about it.
 
Simple things are not necessarily simplistic. Ask any famous chefs. Simple dishes are the true tests for the cooks.

Sembcorp Marine inks S$600m deal

SINGAPORE - Singapore rig builder Sembcorp Marine said on Thursday its subsidiary has secured close to S$600 million (US$493 million) contract for an integrated processing and living quarter platform. -- REUTERS

Where do you drink your kopi?

Just For Laugh ....

At my office, I realize different colleagues drink their kopi in different ways.

1. Free kopi at pantry
2. Kopi at kopithiam (pay)
3. Kopi at ToastBox (pay more)

S'pore economy contracts by 7.8% in Q2 with slowdown acrss sectors

Singapore: A slowdown across many sectors saw the Singapore economy grow by 0.5 per cent on a year-on-year basis, down from the 9.3 per cent growth seen in the previous quarter.

On a seasonally-adjusted quarter-on-quarter annualised basis, the economy contracted by 7.8 per cent, compared to the 27.2 per cent expansion in the previous quarter.

According to a Trade and Industry ministry release on the advance estimates, the largest contraction was in manufacturing which declined by 5.5 per cent in the second quarter of 2011, after a 16.4 per cent expansion in the previous quarter.

On a sequential basis, the sector contracted by an annualised rate of 22.5 per cent, a sharp reversal from the growth of 96.6 per cent seen in the preceding quarter.

This decline was largely impacted by the biomedical manufacturing cluster as companies switched to producing a different value-mix of active pharmaceutical ingredients during the quarter, as well as the electronics cluster which saw an easing in global demand for semiconductor chips.

Showing some moderation was growth in the services sector, despite healthy growth in the tourism-related sector such as hotels & restaurants due to strong visitor inflows.

The industry grew by 3.3 per cent year-on-year, compared to the 7.6 per cent growth in the preceding quarter.

On a sequential basis, the services producing industries declined by an annualised rate of 2.9 per cent, following the growth of 10.3 per cent in the preceding quarter.

This was largely due to declines in wholesale and retail trade, due to weaker trade flows during the quarter, as well as the financial services sectors which were dragged down by a fall in stock trading activities.

Although not as sterling as the preceding quarter, the construction sector posted 1.6 per cent growth on a year-on-year basis in Q2 2011, after posting 2.4 per cent growth in Q1.

The sector also saw a second consecutive quarter of growth on a sequential basis, at 13.8 per cent, due to increasing construction activities in the industrial building segment.

- CNA

DBS unveils new banking account for start-ups

By TEO SI JIA


DBS Bank on Friday introduced a new banking account for business start-ups as it continues in its drive to build a leading regional SME franchise.

The DBS Entrepreneur's Account for Start-ups is expected to provide convenience, access to affordable banking services and other value-added benefits, including the DBS eAdvice service, to over 50,000 companies each year.

Criteria for the new initiative includes application within six months of registration at the Accounting and Corporate Regulatory Authority, and a company that is incorporated in Singapore. The start-up package will also require an initial deposit of S$500.

'We recognise that customers at different stages of their business growth have different banking requirements, said Edwin Khoo DBS Head of Enterprise Banking.

'Start-ups, in particular, are looking for easy and affordable banking solutions. Our aim is to help budding entrepreneurs access support and banking services that are suitable for their needs.'

It plans to mitigate costs of local start-ups by waiving their banking, subscription and set up fees and service charges for a period of time ranging from six months to two years.

Various plans have also been drawn up to aid the company in their cashflow and workforce welfare.

DBS sees SMEs as crucial job creators and sources of innovation which could have the potential to be something bigger in the global region, and thus provides support to them even in hard times.

Investing Made Simple by Uncle8888 (19)

Read? Investing Made Simple by Uncle8888 (18)

In Uncle8888 series (16) - How to invest and make big money in the stock market?

The key learning point is "Men who can both be right and sit tight are uncommon."


Uncle8888 also mentioned "Buy and Hold is Dead".

1. Men who can both be right and sit tight are uncommon.
2. Buy and Hold is Dead.

Two questions arise from the above two statements.

1. Does these two statements contradict each other?
2. Is statement No 1 useless advice?  (Brolp said: it's useless advice actually - when right sit tight. It's almost like saying when it's raining, bring an umbrella.)

The answers are:

1. The two statements do not contradict each other.
2. It is useful advice.

How does Uncle8888 know that when he is right and sit tight?

There are two conditions. Both conditions must be met before he can consider he is right.

Condition No 1: Early Bull in the Bull Market.
Condition No 2: Stock price doesn't look back at his purchase price level during correction.

If stocks are not bought during early bull in the Bull Market, the stocks will be eventually sold at the desired profit goal. In this sense, Buy and Hold is Dead if Condition No 1 is not there.

Even if stocks are bought during early bull in the Bull Market e.g. in early 2009; but subsequently the stock price corrected to near or fall below the original purchase. The stocks will be eventually sold for profits.

Only when both conditions are fully met Uncle8888 will know that he is right and will sit tight.

Do anyone think that the current market is an early bull in the Bull Market?

No. Right? So all stocks bought by Uncle8888 during this period are meant for sale.

Lastly, does anyone else still think that advice from Jessie Livermore is useless actually?

Noble secures record US$3.2b in credit facilities

By ANGELA TAN


Noble Group Limited said on Tuesday that it has secured a record US$3.2 billion in syndicated loans, up from its target of US$2.25 billion.

The facilities comprise a US$1,054.8 million 364-day committed Revolving Credit Facility, a Euro244.4 million 364-day committed Revolving Credit Facility and a US$1,789.2 million three-year committed Revolving Credit Facility.

Noble plans to use the funds to refinance existing debt and for the general corporate purposes of the company and its subsidiaries.

The bookrunner mandated lead arrangers were ABN AMRO Bank NV, Banco do Brasil SA, London Branch, Bank of America, NA, The Bank of Tokyo-Mitsubishi UFJ, Ltd, Citigroup Global Markets Asia Limited, Commerzbank AG, Hong Kong Branch, Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (trading as Rabobank International), DBS Bank Ltd, Goldman Sachs Lending Partners, LLC, The Hongkong and Shanghai Banking Corporation Limited, ING Bank NV, JPMorgan Chase Bank, NA, Hong Kong Branch, Natixis, Hong Kong Branch, The Royal Bank of Scotland plc, Hong Kong Branch, Societe Generale and Standard Chartered Bank (Hong Kong) Limited.

This is Noble's second syndicated Revolving Credit Facilities transaction in less than 12 months.

On 1 December 2010, Noble announced it had completed syndication of US$2.54 billion equivalent of Committed Revolving Credit Facilities.

Noble

DBS SUCCESSFULLY TAPS MAS-PBOC LINE

Continues to be at the forefront of the RMB market in Singapore

SINGAPORE, 11 July 2011 - On 29 June 2011, DBS Bank announced that it had
applied to the Monetary Authority of Singapore (MAS) to tap the bilateral currency swap
agreement established between the central banks of Singapore and China, to provide
financing to a Singapore-based commodities company exporting to China.

DBS is pleased to announce that on 7 July 2011, it had successfully entered into
an agreement with the MAS to tap the facility. The bank will complete drawdown of the
facility today, upon which it will provide RMB financing to the customer.

Said DBS Group Head of Treasury & Markets Andrew Ng, "As a leading Asian
bank, DBS is happy to be an early mover in Singapore to tap the MAS-PBOC bilateral
swap facility to meet client needs.

We are pleased to have been able to execute the
transaction as planned. Over the past week, we have also received many enquiries from
Singapore clients interested to borrow RMB for trade settlement purposes, and we are
confident that this successful transaction will be the first of many more to come."

In the stock market where does the Money come from?

Just For Thinking ....

A picture is worth a thousand words. When you see a picture, it will strongly embedded in your mind for a long time.

As you can see from the picture. Companies DISTRIBUTE stock dividends and other Investors/Traders in the stock market all together significantly CONTRIBUTE to the capital appreciation of stocks. The amount of money distributed by companies is pale compared to the amount of money contributed by other investors/traders.

So are you contributing to the market or are you taking contributions from the market most of the time?

Trekking along Singapore historical KTM railway tracks - Your last chance to do it!

Have you joined thousands and thousands of Singaporeans and foreigners, and even a few pets to trek down the Singapore historical KTM railway tracks?

I quickly alighted Bus service no 75 after spotting the KTM railway track with some people trekking on it and begin from Holland to Bukit Timah Beauty World centre where I stopped for late lunch. However, after lunch, it was raining and I decided to call it off. Next Sunday, I may continue from Bukit Timah onwards and trek north to Woodlands.

Some info:

The Singapore Land Authority (SLA) has agreed to allow the public to access and trek along the railway tracks between July 1 st and 17.


For two weeks the public will have the opportunity to trek along the entire line of railway tracks except for some localised areas.

After July 17, a three kilometre stretch from Rifle Range Road to the Rail Mall will continue to be open to the public till 31 Jul 2011.

The SLA also advises that members of the public should exercise caution when walking along the tracks as some areas are narrow and rough.

The Tanjong Pagar Railway Station and Bukit Timah Railway Station will be closed temporarily to facilitate the moving out of the furniture and equipment by the KTM and its tenants.

Minor works will also be carried out at the Bukit Timah Railway Station and the railway crossings at Kranji Road, Sungei Kadut Avenue, Choa Chu Kang Road, Stagmont Ring and Gombak Drive. Members of the public should avoid these work areas which will be cordoned off.

Investing Made Simple by Uncle8888 (18)

Read? Investing Made Simple by Uncle8888 (17)

In Investing, Control Risk is NOT a Choice

In investing, control risk is NOT a choice; but a strict requirement to survive in the Law of Jungle in the stock market. You MUST have adequate investing capital to come back when you have fall in the stock market. But, you don't need to win back in the same manner as you have lost it. Uncle8888 has personally tested it in the last Great Bear 2008/09 and it works.

As small retail investors who have limited time and resources to analyze the companies like institutions. You also don't have access to management to have greater insight on their recent business operating environment and challenges. You must never be mistaken on this. When institutions or big boys cut losses and reduce exposures to a stock; they will certainly do it with their eyes wide open. Definitely these institutions are better informed than small retail investors. They know what they are doing. Unfortunately, there will be some retail investors who will think they are actually "bigger" than the Big Boys and "smarter" than the Sharks in the stock market and disgree.

Knowing that control risk is a not choice but a strict requirement for survival in the stock market. We should never allow a single counter to drag us down in our portfolio. It is also not wise to overly expose our portfolio to a single sector.  When a certain market condition happened, no stocks in that sector will be spared. It is only the degree of fall is different.

We should NEVER allow a single loss or a series of losses to wipe off much of our investing capital for our investing mistakes. We will continue to make future investing mistakes no matter how experience we are and regardless of the number of years we have spent in the market. There is no way that we will not lose again! We have to control risk and it is not a choice.

"You don't need to win back in the same manner as you have lost it." - Createwealth8888

Once you have fully understood Uncle8888's quote. Do you still want to average down to 40-60% of your portfolio in a single stock as you can't believe you are wrong?

Uniquely Singapore. Retirement Age for workers!

Just For Laugh ....

Reaching 55 - Early retirement but lock up your minimum sum in CPF RA account and see it at 65.

Reaching 60 - Optional retirement.

Reaching 62 - Minimum retirement age.

Reaching 65 - Deferred retirement. Thank you for your life time working on your job.

Biosensors Weekly - It is getting better!

It is getting better. Biosensor is now quite near to its 52W High at $1.41; but still some distance away from its All Time High at $1.52.

I have been holding the last batch of biosensors  @ $0.655 since Jan 2008 even though it was a loss making company for years; but I have strong belief that it will one day make it big.

"Men who can both be right and sit tight are uncommon" - Jessie Livermore

Will it then become my next multi-bagger in the portfolio?

How are you measuring up with your investment return? (2)

Read? How are you measuring up with your investment return?

Temasek's Investment Return performance

Over 10 years Temasek's annualized TSR is 9% and Createwealth8888 is 14.2%.  (Too bad, I don't have 20 yrs past investing records to check back)

Keep it up!

Noble Weekly

Noble - Are most of profit taking completed?

ECB Raises Interest Rate, Brushes Off Debt Worries

By: Peter Guest


Web Producer, CNBC.com

The European Central Bank raised interest rates by 25 basis points to 1.50 percent on Thursday, as it continued to brush off concerns over slow growth and sovereign debt worries in the euro zone periphery. ECB President Jean-Claude Trichet hinted at his press conference that a further rise in August is unlikely.

The ECB also raised its marginal lending rate by 25 basis points to 2.25 percent and its deposit rate to 0.75 percent.

Speaking at a press conference following the decision, Trichet said that the bank will "monitor very closely" inflation in the euro zone. In the ECB's code word system, this generally indicates that the bank will not raise rates at the next meeting, analysts have said.

Trichet said that the bank was concerned about inflation, which currently stands at 2.7 percent, above the target rate of 2 percent.

Claude Trichet told a press conference following the June rate decision that the bank would be "strongly vigilant", code words for a rate hike at the next meeting, so markets had been expecting Thursday's announcement.

The ECB had been holding rates at record lows of 1 percent during the economic crisis, but with growth returning to the euro zone – led by Germany – the bank has gradually been tightening its monetary policy, raising rates by 25 basis points in April.

Saxobank group CIO Steen Jakobsen told CNBC.com that the rate hike was more of a political consideration than an economic one.

"I think the ECB is in a corner, and the only tool left for them to use to create some sort of noise is hiking rates," Jakobsen said.

"I think the gap between what the politicians do and the market is growing, not only in terms of defining a (Greek) default and what needs to be done in terms of the structure," Jakobsen said.

"Trichet, increasingly, at the tail end of his presidency, I think will avoid at all costs losing face, in terms of an actual default, which means that the ECB has to sit and wait, and the only thing they can signal is that they have credibility in terms of fighting inflation."

Trichet's press conference following the rate decision will give markets more indication of where rates are going. Jakobsen expected more talk of fighting inflation, but little else. Trichet has a habit of making hawkish statements one month, before stepping back the next.

"The schism is that he can only talk strong rhetoric about inflation and his credibility on inflation, but at the same time his economic fundamentals are eroding month-by-month, even in Germany," he said. "The spread between his rhetoric and his practical ability to manoeuvre is limited."

"Hiking (rates) now, and indicating another one right away would be giving away his cards. From a game theory point of view, if nothing else, playing into an October hike would be too early," Jakobsen said.

He added that the markets may not be convinced by today's decision.

"If the market calls (Trichet's) bluff, saying, well, you're hiking rates for political reasons only, then the reaction should be that people will start buying bunds and spreads in the periphery will go up," he said.

Jakobsen also noted that the ECB has been "backed into a corner" by its balance sheet, which has seen the bank take a large exposure to peripheral countries' debt.

Research from HSBC showed that the euro system – the ECB and euro zone central banks – could stand to lose 23 billion euros on their bond holdings in peripheral countries, in the event of a 50 percent haircut on Greek, Portuguese and Irish debt.

Singapore plans for unforeseen weather conditions

SINGAPORE : Singapore's Environment and Water Resources Minister Vivian Balakrishnan said governments will have to factor in the cost of insurance, infrastructure and technology when planning for unforseen circumstances brought about by unpredictable weather.


Speaking at the closing of the Singapore International Water Week on Wednesday, Dr Balakrishnan said climate change is a "stark reminder" that "so called one in a hundred year events now occur at time intervals considerably less than a hundred".

"The point is whether we like it or not, we are going to get used to a more turbulent ride, a less predictable world, and there is a need therefore for us to insure ourselves wherever possible, and wherever sensible against these events. At some point, the cost is going to be paid either upfront in better preparation or timing, or worst, when the consequences of these unpleasant singular events occur," he said.

Thinking about security and resilience is just one key factor in ensuring the sustainability of Singapore's environment and water resources.

Others the minister highlighted include rational decision-making by politicians and integration of resources to ensure that pricing is right for water.

Dr Balakrishnan said: "We've had that advantage of not having the luxury to procrastinate or to fudge issues, but to make some hardball decisions which we have over the past decade. PUB is an integrated agency that looks after potable water supply, drainage as well as sanitation.

"The advantage of having a well organised system without cross subsidies and with rational decision-making is that we've been able to make sure that the energy and water equation in Singapore continues to be coordinated and delivered in an integrated form."

He also called on the private sector to drive research and development to improve water energy efficiency.

For example, the PUB is working with Keppel Seghers to construct a demonstration plant on Jurong Island to further understand and optimise a new desalination technology called Memstill.

The concept uses low grade waste heat to produce near-distilled water from seawater.

If successful, energy needed for seawater desalination could be reduced by two-thirds.

- CNA /ls

SEMBCORP SIGNS AGREEMENTS TO FURTHER EXPAND ITS WATER

Singapore, July 6, 2011 – Sembcorp is pleased to announce that its wholly-owned subsidiary, Sembcorp Utilities, will be signing three memoranda of understanding (MOU) to explore further expanding its water business in China during the Singapore International Water Week’s (SIWW)

China Business Forum to be held later this afternoon. Earlier in the week on July 3, Sembcorp also signed a MOU with the Xinmin government.

Noble

Biosensors - Why sudden bullish today in a down market?

Why can't the Bulls wait in a down market? Some are better informed?

Dividend stocks: quality counts too

Hock Lock Siew
By MICHELLE TAN



THERE has been a big buzz around dividend stocks since the last global financial meltdown as investors and funds start to see the importance of establishing a regular income source, especially when the going gets tough.

Moreover, with Singapore's population demographics reflecting a fast ageing population, dividend stocks also serve as an avenue to generate income to fund retirement especially for investors with weaker saving habits. However, are dividend stocks really such a god-send, or have they been over-hyped by financial media?

In general, analysts and investors ascribe a lower risk and volatility profile to dividend stocks due to their ability to generate regular streams of income that help bolster the ill-effects of a potential downturn.

But does this mean that dividend stocks are less likely than their lesser yielding peers to see price upswings due to their less volatile nature?

As a simple illustration, should one compare the basket of 30 Straits Times Index (STI) constituents with a basket of 30 dividend stocks, findings show that though both portfolios generated positive year-on-year price returns, the former reflected a higher annual return of 13.8 per cent as opposed to the 9.6 per cent registered by the dividend stock portfolio.

As such, based on the findings, it seems that dividend stocks tend to experience lower capital appreciation when compared to index stocks.

Having said that, the STI basket is made up of blue-chip quality counters that tend to be highly favoured by both institutions and layman investors alike.

Perhaps, if the comparison was drawn to a basket of lower cap counters, findings might have shown otherwise.

Now coming from a dividend perspective, dividend stocks triumphed over the STI basket with the former having a forecast consensus dividend yield average of 6.2 per cent in FY11 and 6.5 per cent in FY12 as compared to the latter's 3 per cent and 3.3 per cent for the respective financial years.

The findings are not surprising though investors should bear in mind that the STI portfolio has some dividend stocks, which would have given a slight lift to the basket's average yield.

Should the basket exclude dividend stocks entirely, the average dividend yield would have been even lower.

More pertinently, the dividend stock portfolio, unlike the STI one, is able to outstrip domestic inflation rates, which is cited as a key worry for investors today.

As such, investors who are unable to buy commodities like physical gold or property to hedge against inflation could perhaps turn to dividend stocks as their answer to a cost-efficient inflationary hedge.

But there are no fool-proof investments in this world. Just like any equity, dividend stocks are still susceptible to industry recessions and other sector-specific woes.

In fact, during the last recession, many dividend stocks such as real estate investment trusts (Reits) were not spared from the falling knife.

Admittedly, there was sunlight after the rain for investors that had the financial muscle to tide through the rough patch.

But for investors who were retrenched and needed the funds, liquidating dividend stocks such as Reits - and other non-dividend stocks - back then would have severely decimated their wealth.

All that said, it is an undeniable fact that all boats sink when the tide falls. But one of the better known ways to break the fall is to diversify.

After all, putting all your eggs in one basket is never a wise move, especially from a capital protection standpoint. And this holds true even for stocks with a more conservative risk profile, such as dividend stocks.

The key point to drive home is that whether one is planning for his retirement or is merely seeking extra side income, quality is still of paramount importance.

A high yielding stock does not always mean it is a good stock. Though a stock with sound fundamentals and with attractive yields to boot would be a wise investment option.

Uncle, Why your Chart so dumb leh?

At first glimpse, the above chart looked so remarkable simple. But, actually in this very simple chart it has already captured the most complex market actions by stock operators - Bulls, Bears and Sharks in play.

To be able to see the actions taking place below level of awareness will require a pair of keen eyes and a flexible mind. So you think the Chart is dumb?

Ground-breaking for S'pore's largest desalination project

By CARINE LEE


Singapore's national water agency, PUB, and Hyflux Ltd have broken ground for the country's second and largest seawater reverse osmosis desalination plant, Hyflux said on Tuesday.

Vivian Balakrishnan, Minister for the Environment and Water Resources, was the guest of honour at the ground-breaking ceremony held at the Suntec Singapore International Convention and Exhibition Hall.

A co-located event of the Singapore International Water Week 2011, this ceremony signifies the start of ground works at the 14-hectare site in Tuas on the western section of the island.

The desalination plant - Tuaspring Desalination Plant - is constructed under a Design, Build, Own and Operate (DBOO) model and is expected to commence operations in 2013.

The plant will add another 70 imperial million gallons or 318,500 cubic metres of desalinated water per day to Singapore's water supply.

An on-site combined cycle gas turbine power plant will supply electricity to the desalination plant. Excess power will be sold to the power grid, Hyflux said in a statement.

TUASPRING PTE LTD SECURED FINANCING OF S$150 MILLION TO FUND TUASPRING DESALINATION PLANT

Hyflux Ltd (“Hyflux” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Tuaspring Pte Ltd, has secured financing of S$150 million to fund the desalination facility of the Tuaspring Desalination Plant (“Tuaspring Plant”).

The financial package is arranged by DBS Bank Ltd, Mizuho Corporate Bank, Ltd and Sumitomo Mitsui Banking Corporation.

The Company also wishes to announce that it is on track to securing financing for the power plant facility that will be installed on site.

The Engineering Procurement and Construction (“EPC”) works for the desalination facility of the Tuaspring Plant shall be undertaken by a wholly owned subsidiary of the Company and construction is estimated to be completed within 24 months from notice to proceed.

This funding arrangement is not expected to have a material financial impact on the Hyflux group for the current financial year.

Noble

SGX new minimum bid size for the Securities started today!

The revised Minimum Bid Size and wider Forced Order Range will apply to all securities except exchange traded funds, loan stocks and bonds.

Keppel secures third jackup order from Asia Offshore Drilling at US$184 million

Keppel Offshore & Marine’s new orders for the year-to-date reaches S$7.4 billion


Singapore, 3 July 2011 - Keppel FELS Limited’s (“Keppel FELS”) repeat customer, Asia Offshore Drilling Limited ("AOD") has exercised its first of two options to build a KFELS B Class jackup rig worth US$184 million. The effectiveness of this first option is subject to AOD or its wholly owned subsidiary entering into a construction contract with Keppel FELS and fulfilling certain conditions precedent.

This rig will be AOD’s third with Keppel FELS and is scheduled for delivery in 3Q2013. AOD, established by Singapore listed Mermaid Maritime Public Company Limited (“Mermaid”), had placed orders for two KFELS B Class jackup rigs in December 2010.

Last week, AOD announced the completion of a private placement which will result in Mermaid and Seadrill Ltd. each having a 33.75% equal shareholding ownership in AOD.

M.L. Chandchutha Chandratat, Chairman of the Board of AOD, said, “We continue to see bifurcation in the jackup market. Oil companies are showing a preference for high specification jackups for which the KFELS B Class stands out as a choice design. We are therefore strengthening our position as an Asian drilling company with our third KFELS B Class rig order.
 
We are also pleased that our strategic decisions were recognised by Seadrill, which is one of the most successful drilling companies in the world. This partnership between Mermaid, Seadrill and Keppel FELS provides AOD with a strong platform to develop its business to serve the Asia Pacific and Middle East markets.”

With the exercise of the option, Keppel Offshore & Marine’s new orders for the year-todate has reached S$7.4 billion.

Mr Tong Chong Heong, CEO of Keppel Offshore & Marine said, “We are pleased to receive yet another order for our KFELS B Class rig and further reinforce our partnership with AOD. We have delivered 33 jackup rigs based on the KFELS B Class design, with another 19 on order. This is testament to the proven capabilities of this high specification and cost-effective design.

Keppel stands ready to support AOD as they develop their fleet of premium rigs based on the KFELS B Class design. The two rigs previously ordered by AOD are progressing well on track, and we look forward to deliver these safely, on time and within budget.”
 
When completed, AOD’s rigs will be able to operate in water depths of 350 feet, drilling depth of 30,000 feet and accommodate 150 men.

Developed by Keppel's technology arm, Offshore Technology Development, the KFELS B Class jackup is designed to provide maximum uptime with reduced emissions and discharges. It incorporates Keppel's advanced and fully-automated high capacity rack and pinion elevating system, and Self-Positioning Fixation System.

The exercise of the option is not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.

A Newbie's Brief Guide to Investing Money in the Stock Market - A Structured Approach.

Read? A Newbie's Brief Guide to Investing Money in the Stock Market - A Structured Approach.

Investing Made Simple by Uncle8888 (17)

Read? Investing Made Simple by Uncle8888 (16)

A Newbie's Brief Guide to Investing Money in the Stock Market - A Structured Approach.

1. Understand how stock market really works
2. Understand stock market risks
3. Recognise Economic Cycles, Market Cycles and Trends
4. Understand personal finance flow
5. Recognise your account size really matters
6. Learn essential investing skills
7. Set realistic, achievable and progressive investment goals
8. Measure your investing performance
9. Grow from your mistakes.

Understand how stock market really works

Investing is still a Game of Strategy. The person who knows the rules of the Game and plays it with a better strategy will have better chance of winning it.

Read? Why do stock markets exist?

Read? Where Does The Money In The Stock Market Come From?

Read? Think of Investing in Stock Market as Game of Tug of War

Read? The Bandwagon Theory: A Glimpse At How The Market Really Works?
 
Read? The Story Of The Duck
 
Read? Stock Market Is War (4 parts series)

Understand stock market risks

All investments by nature are risky. We must fully understand what are the risks involved and learn how to control risks and mitigate them when it is possible to do so. Control risks in the stock market is not a choice but a strict requirement in order to survive in the stock market. There are too many predators waiting for us to redistribute our hard earned income to them as part of their wealth.

Read? Understanding Stock Market Risks
 
If you don't understand what are your risks and how to mitigate them, then obviously you are taking too much risks. Repeat after me: Control Risks is a NOT Choice but a strict requirement in investing.
 
Recognise Economic Cycles, Market Cycles and Trends
 
Economic cycles, market cycles and market trends existed in the past and will continue to exist in the future.

We have to learn the skills to recognise them as EARLY possible and profit from it. If you meet someone who tell you that you can't time the market, you must stay far far away from them. Yes, you can't exactly time the market; but you must recognise them as early as possible. One effective way to time the market is - Buy Slowly and Sell Slowly!

 

See it for you to believe it - Market Cycles exist!

 

 

Understand personal finance flow

 

 



Initially, you should be working hard at your job to earn more income and save more to build up your investing capital. You may want to spend your 1st 15 years working hard at your job and the next 15 years letting your money works harder for you. When your money works harder for you; you can afford to save less and spend more. You will have more time to take of your family and enjoy better family life.
 

 

Recognise your account size really matters

The market is War. You can't go to battle with a few soldiers. The minimum formation of soldiers in the Army is a Section of 8 mens. I will strongly recommend a minimum capital of $30K to start with it. A $30K capital account size may provide you with enough opportunity to play 4-6 good stocks instead of chasing after penny stocks. 

Read? Account size

Learn essential investing skills


"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
 
In the stock market, there are too many smart predators going after your hard earned money and you don't want to keep losing your money to them as part of their wealth building. Right?

So you must continue to learn more and more essential skills to stay ahead in the game.

Read? Wise Words Series (3 parts series)
 
You must fully understand and keep improving on 3M's - Method, Mind and Money.
 
Read? 3M's - Method, Mind and Money

3M's are exactly what you will need to in order to survive in the harsh stock market.
 
Set realistic, achievable and progressive investment goals

 

 

 

 

 

When you are new to investing, you may want to set low and flat goals for initial years; but for subsequent years you should be setting higher investing goals that are relative to your age and your account size. When you are in 20s and 30s, why set your investing goals like retirees who are fighting inflation. But, these are low goals for young people. Right?

When your account size is small, and once you have gain more investing experiences and become confident, you should be going after capital gains and capital recycling for compounding effect to build up your wealth at faster pace than happily receiving small dividends at regular intervals.

Measure your investing performance

The next most important after acquiring essential skills in investing is to track your investment closely and measure them. Don't ever confuse or bluff yourself that you are measuring your performance when you are actually just doing detailed recording of your investment. When you measure, you will be able to tell exactly how your portfolio is performing anytime in you investing journey. If you can't tell me what is your XIRR now; you are not measuring.

Read? Measuring your investing performance


Grow from your mistakes
 
Learn and grow from your mistakes in investing. You are certainly to make mistakes and will even made some big mistakes that will lead to huge losses. But, you must be humble and hang your ego at the door when you are investing. The Market is always RIGHT. But, if you keep making mistakes and not going anywhere; it is better for you to stop and seek help to check why you are not learning from mistakes.

Olam Preferential Offering Shares

Preferential Offering Shares available under the Preferential Offering will be listed and quoted on the Official List of the SGX-ST on or about 6 July 2011, and trading of such Preferential Offering Shares will commence with effect from 9.00 a.m. on the same date

Noble - Watch $2.03

MAS enforces penalty for false trading

Createwealth8888: You know why I never interested in low volume stocks. LOL

-------------------------------------------

By CARINE LEE


The Monetary Authority of Singapore has taken civil action against Wong Chow Lin for false trading.

The regulator said that for 39 days between 1 August 2008 and 28 February 2009, Mr Wong bought between one and three lots of Heng Long International Ltd (HLI) shares near the close of trading, with the intention of marking the closing price of HLI shares to exceed the last traded price.

Mr Wong was an appointed representative and the head of business development for corporate broking in CIMB Securities Pte Ltd at the time of the contravention.

MAS said Mr Wong did not appear to have profited directly from his trades, but has admitted his intention of maintaining or inflating the closing price of HLI shares so as to impress clients.

As a result of his trades, HLI shares closed between 1.8 per cent and 36.4 per cent above the preceding traded price.

In addition to the S$50,000 penalty, which Mr Wong has paid to MAS without court action, he has been issued with two concurrent prohibition orders.

Investing Made Simple by Uncle8888 (16)

Read? Investing Made Simple by Uncle8888 (15)

How to invest and make big money in the stock market?

What you think? Buy and hold?

Buy and hold may or may not lead to making big money in the stock market. But, I will share with you The Art of Making Big Money in the stock market that I learnt from my Sifu, Jessie Livermore.

It is RIGHT AND HOLD. It is different from BUY AND HOLD. Know the difference. You may be on the way to making big money in the stock market.

In the buy and hold strategy, you are buying some income producing or perceived under-valued stocks in the view of holding them over long-term and primarily focus on their stock dividends and at the same time hoping for some capital gains.

In Right and Hold strategy, it is different. You focus primarily on its capital gains and less on its dividend yield. You are right when the stock price moves up. When the stock keeps moving up; you are more RIGHT.. You sit TIGHT. This is Right and Hold strategy

This is what my Sifu, Jessie Livermore said:

In the famous book entitled Reminiscences of a Stock Operator, Jessie Livermore said: “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level, which should show the greatest profit.

And their experience invariably matched mine -- that is, they made no real money out of it.

I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”

Men who can both be right and sit tight are uncommon.

Can you read it again and again: Men who can both be right and sit tight are uncommon.

So the secret is to be this type of man in the stock market; then you are on your way to invest and make big money in the stock market.