tag:blogger.com,1999:blog-64666438637015621612009-12-30T17:36:13.570+08:00Share stock, share idea. Personal view on Singapore market movement, investment lesson, stock idea, unit trust etc.Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.comBlogger207125tag:blogger.com,1999:blog-6466643863701562161.post-13260567144468530092009-11-30T22:13:00.000+08:002009-11-30T22:13:14.850+08:002009-11-30T22:13:14.850+08:00

Last Friday, Dubai created wave in financial market by asking for loan repayment extension. Market suffer a knee jerk sell off, many of the European bank are being affected, because of lending money to them. The debt amount is staggering. Compared to last Friday sell off, STI only suffered a bit. The market player properly figured out Dubai is not US. Only stocks linked to the middle east likely

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/11/dubai-triggers-correction.htmltag:blogger.com,1999:blog-6466643863701562161.post-84689909981052323882009-11-15T18:39:00.000+08:002009-11-15T18:39:48.782+08:002009-11-15T18:39:48.782+08:00

Revenue +27.23% Gross profit +17.49% (because cost increase faster) Selling and distribution cost +35.39% Net profit -27.5% after the cost and tax increase Cash and cash equivalent 247,971 Current liabilities 244,356 Debt repayable in one year 40,974 Net cash from operation 46,281 EPS 3.52 RMB cts (27% drop) Sales still increase due to outlet expansion, but the profitability suffers. The gross

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/11/hongguo-fy09-q3-result.htmltag:blogger.com,1999:blog-6466643863701562161.post-16805949425215496692009-10-04T20:25:00.000+08:002009-10-04T20:25:17.813+08:002009-10-04T20:25:17.813+08:00

Last Friday, US market dropped again. The new set of numbers do not look good, especially unemployment rate rose. This could be the trigger point to a mild correction which bring all the market back to ground. The market rebounded from Mar low base on the green shoot theory, but economy recovery would not be straight line most of the time. US numbers The numbers do not look good. After the

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/10/market-weakness-in-october.htmltag:blogger.com,1999:blog-6466643863701562161.post-62786637796876818872009-09-28T22:23:00.000+08:002009-09-28T22:23:49.525+08:002009-09-28T22:23:49.525+08:00

Over the weekend, I was reading the book "Yes, You can time the market" by Ben Stein and Phil DeMuth. It is quite an interesting book to read, especially the concept presented in the book. The authors are trying to prove that you can actually time the market, despite the conventional wisdom. Don't get it wrong. It is about time the market on long term basis, not short term. The analysis

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/09/book-yes-you-can-time-market.htmltag:blogger.com,1999:blog-6466643863701562161.post-7780047211271016302009-09-13T23:26:00.000+08:002009-09-13T23:27:19.119+08:002009-09-13T23:27:19.119+08:00

Turnover -12%Gross profit -15%Rental +10%Operating profit -65%Net loss of 2,661 compare to profit 14,804 of previous year. Report highlight the underlying profit is 4,065 excluding the one off item and forex loss.Fixed deposit 14,008Cash on hand 19,346Borrowing 53,505Net borrowing is 20,151Net cash from operating activities 21,781Cash at end of FY is 14,823, after minus off the bank overdraft

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com1http://sgshare.blogspot.com/2009/09/fj-benjamin-fy09-full-year-result.htmltag:blogger.com,1999:blog-6466643863701562161.post-45247195002653233912009-09-12T00:00:00.003+08:002009-09-12T00:03:33.263+08:002009-09-12T00:03:33.263+08:00

Those chasing hot stock should beware. The pattern is too common already. First, some news being released cause sharp run up of share price. The next moment, company announce share placement to raise more money. Many has done that to raise capital for growth or to prepare the tough time ahead.Genting has debts to fund the expansion and new casino, but the cash hasn't roll in yet. In the analyst

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/09/genting-intl-right-issue.htmltag:blogger.com,1999:blog-6466643863701562161.post-823017987947848222009-09-09T23:19:00.003+08:002009-09-09T23:22:20.694+08:002009-09-09T23:22:20.694+08:00

Traditionally Sep and Oct are two weak months for equity. The situation took a turn at Mar, market trending upwards. The easy money has been made and I missed the boat. Never mind, the economy might recover some what. But, the old growth would no longer be back. American is not going to spend like last time and it would take a while for the next demand to come on stream.I am looking at adding

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/09/weak-sep-and-oct.htmltag:blogger.com,1999:blog-6466643863701562161.post-84156784353624675232009-08-10T21:25:00.000+08:002009-08-10T21:26:27.296+08:002009-08-10T21:26:27.296+08:00

Revenue +19.31%Cost of sales +29.31%Gross profit +6.2%Selling and distribution expenses +42.5%Profit after tax 38,022 (-38.69%)Cash and equivalent 208,097Current liabilities 182,456Amount repayable in one year 14,426 + 41,008Cash generated from operation 95,753EPS 9.58 RMB cts (from 15.63 last year same period)Revenue continue to increase, the company still on the growth track. Gross margin

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com1http://sgshare.blogspot.com/2009/08/hongguo-fy09-half-year-result.htmltag:blogger.com,1999:blog-6466643863701562161.post-61135963962167210282009-07-13T23:52:00.001+08:002009-07-13T23:58:51.194+08:002009-07-13T23:58:51.194+08:00

Market has priced in too much optimism already. Ahead of the Q2 earning season report, the market is set to fluctuate in tight range. Once the earning disappoint, it could correct significantly. Then, maybe it is good time for those still holding lots of cash to enter. Of course, many people have different opinion towards the market and stock price. For me, if it is a little bit expensive and the

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/07/downward-drift.htmltag:blogger.com,1999:blog-6466643863701562161.post-80555640410646792302009-06-21T18:19:00.001+08:002009-06-21T18:23:44.369+08:002009-06-21T18:23:44.369+08:00

The sentiment has improved dramatically. Many people buy into the green shoot theory or just not wanting to miss the boat. But is recovery clearly in sight? I viewed the worst is over, the credit market has unfreeze, but the recovery is not clearly in sight. US consumer spending still weak and unemployment is high.As more people has higher risk appetite, this is a perfect time for company to

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/06/why-rush-of-placement-and-right-issue.htmltag:blogger.com,1999:blog-6466643863701562161.post-14765658956603449012009-06-08T23:05:00.001+08:002009-06-08T23:11:44.917+08:002009-06-08T23:11:44.917+08:00

Xingquan is another China sports shoe maker to seek a share listing, not in China, Hong Kong or Singapore, but in Malaysia.China has many domestic shoe maker, which operate at different city tier. The competition is intense, even in the second or third tier city. To complete efficiently, many have gone the road of China Hongxing, that is to raise capital from the stock market.The big shoe maker

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/06/xingquan-international-sports-to-list.htmltag:blogger.com,1999:blog-6466643863701562161.post-74750814429160387182009-05-26T23:21:00.004+08:002009-05-26T23:37:39.322+08:002009-05-26T23:37:39.322+08:00

The eventual has happened. The bond holder is calling for redemption and the group issued the statement that they are unlikely to be able to meet the obligation.It is quite unfortunate that a company with a well known and growing brand, ended up in this kind of situation. The problem started when a small company is trying to expand rapidly and borrow aggressively. The convertible bond was issued

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com4http://sgshare.blogspot.com/2009/05/celestial-no-more-in-heaven.htmltag:blogger.com,1999:blog-6466643863701562161.post-88042540461549362362009-05-23T17:11:00.002+08:002009-05-23T17:25:21.546+08:002009-05-23T17:25:21.546+08:00

Recently, the market has ran up quite a fair bit and set to correct soon. The optimism comes from the fact that some indicator is turning up and investor who is itchy for some actions all jump into the bandwagon. The million question now is whether this is a bear rally or sustainable recovery?I read a lot recently, about the various expert's view and research report. Just like the expert didn't

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/05/at-cross-road.htmltag:blogger.com,1999:blog-6466643863701562161.post-75821503127797600122009-04-28T00:04:00.000+08:002009-04-28T00:06:52.191+08:002009-04-28T00:06:52.191+08:00

Seriously I have never heard of swine flu before, but now it is a buzz word. Getting more attention than the Geylang Serai food poisoning incident.What we are facing now is like a combo hit. While the market is still haven't recover from the credit crisis, the flu pandemic would wreck havoc in the world again. Potentially the stock is going to drop a lot once it become wide spread. The strategy

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/04/stock-market-set-to-be-more-volatile.htmltag:blogger.com,1999:blog-6466643863701562161.post-20953051095766448192009-03-29T21:29:00.002+08:002009-03-29T21:36:18.948+08:002009-03-29T21:36:18.948+08:00

I was quite busy these few months, didn't finish the company result analysis. I guess it is still alright, since the economy would only get worse, not getting better. So be it, what have been stuck is already stuck.The recent news on Sino Env and Celestial just highlight to us again, the corporate governance issue of SGX listed China company. I think investors have doubts on the China company

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com2http://sgshare.blogspot.com/2009/03/s-chip-in-mess.htmltag:blogger.com,1999:blog-6466643863701562161.post-53833454947131232522009-03-01T21:13:00.002+08:002009-03-01T21:53:11.880+08:002009-03-01T21:53:11.880+08:00

Hongguo just release the FY08 financial result. Let's look at whether the consumer spending is slowing down and what are the challenges ahead.All amount in RMB ,000Revenue + 19.6%Cost of sales +21.9%Selling and distribution expense +35.6%Loss in joint venture +595% (6,247)Profit of the year -3.39%Cash and equivalent 115,376FD 24,793Inventories 343,805 (quite a lot)Amount repayable in a year

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/03/hongguo-fy08-financial-result-review.htmltag:blogger.com,1999:blog-6466643863701562161.post-51092281710058204092009-02-20T23:26:00.000+08:002009-02-20T23:27:45.248+08:002009-02-20T23:27:45.248+08:00

In the tough time likes this, when consumer scale back the spending, business has to adapt and change. The traditional food and beverage sector is also affected, because people refrain from eating outside often.Fish & Co Express was launched for the company to go into fast food business. This is a different business segment where most dominated by establish by fast food brand like Mac and KFC.

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/02/fish-co-express-and-starbucks-selling.htmltag:blogger.com,1999:blog-6466643863701562161.post-7942280762380455482009-02-13T07:49:00.003+08:002009-02-13T08:25:27.041+08:002009-02-13T08:25:27.041+08:00

FJ Benjamin just announced the Q2 result for FY09.Turnover -10%Gross profit -14%Other income -66%Rental +10%Operating profit -53%>> Retailer seems to be caught in situation where there is plunge of sales but rental keep going up.Forex loss of 2,345,000Net profit -93% to 611,000 only>> The luxury sector really get hit when economy turns bad.Current liabilities (in '000)Trade and other creditors

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/02/fj-benjamin-fy09-q2-result.htmltag:blogger.com,1999:blog-6466643863701562161.post-86932907635714979002009-02-01T23:28:00.002+08:002009-02-01T23:36:52.356+08:002009-02-01T23:36:52.356+08:00

While we were busy celebrating the Ox year, the news was busy reporting retrenchment news. It looks like the economic and business is going to get tougher in coming months. I expect the subsequent 6 months, we would have more pain. Consequently, stock market might have room to fall further. Somebody say he see no light at the end of tunnel yet. So, this is not the time for bargain hunting.During

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/02/ox-year-investing.htmltag:blogger.com,1999:blog-6466643863701562161.post-87072362370258798582009-01-21T22:51:00.003+08:002009-01-21T23:01:44.681+08:002009-01-21T23:01:44.681+08:00

The market took a turn quickly after RBS announced the big loss. Like I say before, market might have more bad news awaiting us. The reason being that we are still in the process of deleveraging. The untangling of all the complex leverage would take sometime to clear. Loss get snowballed because of lack of credit, sellers forced to sell at fire sales price.Today, Philips release a report

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/01/midas-in-focus-again.htmltag:blogger.com,1999:blog-6466643863701562161.post-67074590640557714922009-01-11T23:01:00.002+08:002009-01-11T23:14:45.133+08:002009-01-11T23:14:45.133+08:00

Before I start writing this post, I was reading some articles and comments on the year ahead. Usually, at the beginning of each year, investor would do some reflection and try to position the portfolio for the coming year.The consensus now seems to be the earliest recovery would be on second half of 2009.Would it recover by 2009?This is a really big question. Just like we don't know the danger

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/01/2009-stock-market-outlook.htmltag:blogger.com,1999:blog-6466643863701562161.post-39466697665790427352009-01-04T20:13:00.001+08:002009-01-04T20:14:44.875+08:002009-01-04T20:14:44.875+08:00

Year 2008 is a remarkable year for people around the world. We experienced many significant events – Beijing Olympics, US president election, Poison milk powder, Financial melt down etc. To stock investor, it was really a bad year. Can you imagine at one point STI was close to 4000 points? One year of brutal sold down erased many years of gain.What happened?The storm started way back in 2007 with

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2009/01/2008-stock-market-in-review.htmltag:blogger.com,1999:blog-6466643863701562161.post-64486487538221117052008-12-29T22:29:00.003+08:002008-12-29T22:39:01.935+08:002008-12-29T22:39:01.935+08:00

I have been to AEON Bukit Indah JB yesterday. To my big surprise, I saw the following store:Hongxing Erke store in JB! This is truly amazing. I wonder some malaysian business man has actually set up the store there?

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com1http://sgshare.blogspot.com/2008/12/china-hongxing-store-in-jb-bukit-indah.htmltag:blogger.com,1999:blog-6466643863701562161.post-70536593201656886202008-12-25T10:46:00.001+08:002008-12-25T10:47:32.223+08:002008-12-25T10:47:32.223+08:00

To all readers,Merry christmas and a happy new year.2008 is not a good year for investors. Let's hope for the best in the coming year.

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2008/12/merry-christmas-happy-new-year.htmltag:blogger.com,1999:blog-6466643863701562161.post-63749470980632559802008-12-15T22:37:00.002+08:002008-12-15T22:51:17.556+08:002008-12-15T22:51:17.556+08:00

The stock market is in endless turmoil now. Market is really sentiment driven now, rather than fundamental driven. We keep hearing contradicting comment from different analyst, fund manager and experts. So, do be clear of your investment objective and game plan, before dive into any purchase or sale.MIDAS share price has fallen a lot. From the chairman incident to current credit crisis, it just

Alenhttp://www.blogger.com/profile/02419255234988878106noreply@blogger.com0http://sgshare.blogspot.com/2008/12/midas-secured-euro-contract.html