Investment Tips

Cash Offer: JAYA HOLDINGS LTD (J10)

2011-02-13T12:56:00.000+08:00

Jaya Holdings Limited is a Singapore-based investment holding company. The Company operates through two main divisions: Offshore Shipping and Shipbuilding. The Offshore Shipping Division is engaged in the owning and chartering of offshore support vessels in serving the offshore oil and gas, marine construction, mining, harbor tug operations and other related industries. The Shipbuilding Division is engaged in the building of vessels and vessel sale activities. Its vessels include anchor handling tug and supply vessels/anchor handling tugs, utility supply vessels, platform supply vessels, accommodation work barges and deck cargo barges. Its subsidiaries include Jaya Offshore Pte Ltd, which is engaged in ship chartering and ship management; Java Marine Lines Pte Ltd, which is engaged in ship owning, ship chartering, shipbuilding and vessel sale, and Jaya Offshore (H. K.) Limited, which is an investment holding company. During the fiscal year ended June 30, 2010, it disposed 19 vessels.
Stock Chart

Offer Price
$0.48

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Cash Offer: KIM ENG HOLDINGS LIMITED (K50)

2011-01-15T11:11:00.001+08:00

Kim Eng Holdings Limited is a Singapore-based investment holding company. The principal activities of the Company consists of stockbroking, futures broking, investment advisory, provision of corporate finance services, margin financing, money lending, fund management, provision of nominee and fiduciary services, investment holding, property investment and real estate development. It has four geographical segments: Singapore, Thailand, Hong Kong and Indonesia. Other countries in which the Group operates comprise United States of America, United Kingdom, India, Malaysia, Philippines and Vietnam. Its subsidiaries include Rezan Pte Ltd, Kim Eng Securities Pte. Ltd, Kim Eng Futures Pte Ltd, Kim Eng Finance (Singapore) Pte Ltd and KE Strategic Pte Ltd.
Stock Chart

Offer Price
$3.1

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Review of Prediction for 2010 @ Jan 2010

2011-01-08T15:06:00.001+08:00

Review of Predication for 2010

STI to go up by 5% to 3,040 at the end of the year. Just using the the upper end of PM prediction of GDP and relating to the stock market hopefully.

My optimism was right but the GDP prediction was so wrong.

Ringgit to strengthen against SingDollar which is currently 2.4

This site seem to indicate it drops to as low as 2.31. But probably around 2.33 then the strong SingDollar policy kick in to fight inflation.

Fiber optics plan in Singapore will be useless to most home owners. Don't think anyone found a good use of bandwidth except for illegal contents.

Report of Starhub CEO not sure if needed. Only 5% uses the fastest broadband service currently.
http://mis-asia.com/news/articles/starhub-ceo-not-sure-singaporeans-need-fiber-to-the-home

Also, I had the trial fiber optic and it wasn't as fast as I hoped for the download. Upload is quick but probably useless since I don't upload much stuff online.

Significant research advances of some crops. Perhaps there will be a finding of some genes that lead to better harvests or resistance to the climate changes.

No idea about this one at all and didn't read much into crops.

Google change their looks to cater for real-time search.

Yes with Google instant? But it isn't perfect or useful to most users and probably take up lots of bandwidth and money for Google too.

Cash Offer: ASA GROUP HOLDINGS LTD (A25)

2010-12-24T18:47:00.001+08:00

ASA Group Holdings Limited (ASA) is a Singapore-based investment holding company. The Company, together with its subsidiaries is engaged in the manufacture and sale of tiles and related products. Its subsidiaries include Shanghai Fortune Ceramic Co., Ltd, Shandong ASA Ceramic Co., Ltd, Shanghai ASA Ceramic C., Ltd, ASA Ceramic Tec Holdings Ltd, Venture Up Investments Limited, Leader Tech Group Limited, Central Trinity Group Limited, Central Trinity Group Limited, Techbuild International Limited, Trade Accord Group Limited, Shanghai ASA Laticrete Adhesive Co., Ltd, and Shanghai Xirui Trading Limited. The Companyâ€™s subsidiaries are engaged in manufacture and sale of ceramic tiles and related products and investment holding.
Stock Chart

Offer Price
$0.04

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Cash Offer: FINANCIAL ONE CORP. (CL9)

2010-12-23T02:08:00.000+08:00

Financial One Corp. is an investment holding company. The Company provides a variety of financing services to a customer base consisting primarily of small and medium-sized enterprises (SMEs) in Taiwan and selects international markets, including the United States, Thailand, the Peopleâ€™s Republic of China (PRC) and Vietnam. The Company operates in six segments: finance and operating leases, installment sales, factoring, direct financing loans, commercial real estate and other financing loans, and other financing and non-financing business (including direct financing loans provided to corporate and individual customers through strategic alliances with commercial banks, non-performing loans collection, collection services and management of its investment portfolio). On March 20, 2009, the Company acquired Chailease Credit Service Co. Ltd. In January 2010, the Company announced the incorporation of the subsidiaries, namely Chailease International Company (Malaysia) Limited.
Stock Chart

Offer Price
$0.485

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Cash Offer: MAP TECHNOLOGY HLDGS LIMITED (CU7)

2010-12-04T14:40:00.001+08:00

MAP Technology Holdings Limited is an integrated data storage service provider. The Companyâ€™s principal businesses are categorized into four divisions: manufacture and sale of precision stamping products; manufacture and sale of die-cut components; plastic injection molding and mould design and fabrication, and provision of electronics manufacturing services (EMS) solutions. Its precision stamping division manufactures hard disk drives components, such as vinyl chloride monomer plates and disk clamps. Its die-cut components division manufactures customized products, primarily acoustic dampers for the hard disk drive (HDD) industry. The Companyâ€™s Plastic injection moulding segment offers plastic injection mould design and fabrication, injection molding, mechanical assembly of components for telecommunications, office automation and medical industries. Its provision of EMS solutions offers solutions for data storage devices, such as external HDDs of various form factors.
Stock Chart

Offer Price
$0.0715

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Cash Offer: REYOUNG PHARM HOLDINGS LIMITED (R12)

2010-11-30T22:29:00.000+08:00

Reyoung Pharmaceutical Holdings Limited is an investment holding company. The Company operates in two segments: pharmaceutical segment and the personal hygiene segment. Its pharmaceutical products are sold principally under its Reyoung brand name. The Companyâ€™s pharmaceutical products include penicillin-based antibiotics, traditional chinese medicine (TCM) formulated products, cephalosporin-based antibiotics and western medicine. Its personal hygiene products segment consists of sanitary napkins and disposable baby diapers. Its sanitary napkins and pantyliners are sold under its Yimu brand name. The Company also manufactures and sells disposable baby diapers under its own brand names Yibei and Tiaopidan.
Stock Chart

Offer Price
$0.53

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Cash Offer: CHINA ANGEL FOOD LIMITED (CL8)

2010-11-16T04:10:00.001+08:00

China Angel Food Limited is a Singapore-based investment holding company. The Company operates in three segments: Mooncake products, Pastry products and Snack and other food products. Its portfolio of brands includes Angel, QiWang and YangYi. The Companyâ€™s range of products includes mooncakes, cookies, assorted confectionery and bakery products, as well as other packet sweets. The Companyâ€™s subsidiaries include Shenzhen Angel Food Co., Ltd., which is engaged in the production of mooncakes and pastries, and catering services; Shenzhen Angel Bakery Chainstore Co., Ltd., which is engaged in the manufacture and sales of bread, cakes, biscuits and pastries, and Hunan Yiqi (Tech) Agri Products Co., Ltd., which is engaged in processing and trading of agricultural products and by-products related to the Companyâ€™s principal business.
Stock Chart

Offer Price
$0.17

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Cash Offer: THOMSON MEDICAL CENTRE LIMITED (5FV)

2010-10-29T21:58:00.001+08:00

Thomson Medical Centre Limited operates a hospital, providing medical services, X-ray and ultrasound scanning and related facilities, and providing labor ward, operating theatre and medical clinic space to medical practitioners. It operates in two segments: hospital operations and ancillary services, and specialized and other services. Hospital operations provide integrated medical healthcare facilities and services for primary, secondary and tertiary healthcare with focus on women and childrenâ€™s health. The ancillary services include fetal assessment services, diagnostic laboratory services, diagnostic imaging services, anti-aging services and parentcraft services, such as childbirth education, breast-feeding counseling and home care nursing. It provides fertility treatment under Thomson Fertility Centre Pte Ltd and cytogenetic laboratory services, which helps specialists determine the well being of the fetus under Thomson Pre-Natal Diagnostic Laboratory Pte. Ltd.
Stock Chart

Offer Price
$1.75

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Cash Offer: IDT HOLDINGS (SINGAPORE) LTD (I05)

2010-10-06T04:51:00.000+08:00

IDT Holdings (Singapore) Limited is an investment holding company. The Company is engaged in the manufacture and sale of liquid crystal display (LCD) consumer electronic products. Its products are divided into four categories: Environmental Monitoring Devices, Timing Devices, Sports and Healthcare Products, and Other Products and Services. Environmental Monitoring Devices comprises a range of weather forecasting, monitoring and measurement devices, all using LCDs and including thermometers, humidity monitors, barometers, ultra violet (UV) detectors, weather radio alert systems and remote sensors, as well as home weather stations that track weather conditions and trends. Timing Devices includes projection timing devices, high-visibility LCDs, clocks that automatically adjust to daylight-saving time and leap years. The Other Products and Services category includes LCD electronic accessories, such as smartcard readers and trading products.
Stock Chart

Offer Price
$0.54

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Insider Trading - Insider Alpha
Reuters Finanical Summary and Ratio

Probability Card Trick From Scam School

2010-09-29T21:50:00.002+08:00

Just for fun, from Scam School. A simple probability trick. Given 1 deck of 52 cards. There are
a) 12 face cards ( 4 suits of J, Q, K)
a) 40 non-face cards ( 4 suits of 1, 2, ... 9)

Shuffling and separating the deck into 3 pile of cards, what are the odds of getting any face card at the top of the 3 piles? Without thinking, most people believed the chances are lower than chances of all face cards since there are so few face cards. However, the calculation shows otherwise:

Chnaces of getting at least 1 face card in 3 piles
= 1 - Chances of getting all face card
= 1 - (40/52 * 39/51 * 38/50)
= 0.552941176

Therefore, it is slightly more likely to get at least 1 face card due to probability.

How is GIC faring?

2010-09-28T21:31:00.003+08:00

Sources:
Business Times News
Temasek Review Discussion
GIC Report 2010

Most Singaporeans probably don't care about how GIC is investing money since we cannot change anything. I wonder how do GIC decides if they are doing well or not besides the rate of return.

Of course, higher rate of returns is clearly better, but it is not fair to judge a poor performance in depressing global economy or applaud if it is doing well in a booming economy. For example, Temasek Review compared the 20-year rate of return with
the Down Jones or S&P 500 index in September:

GIC had released a report yesterday showing that its 20-year nominal annual rate of return in US dollar terms jumped from 5.7 percent to 7.1 percent for the last 12 months which is hardly impressive considering the fact that the Dow Jones Industrial Average is now up 8.44 percent and the S&P 500 index has increased by 9.5 percent in the month of September alone.

There are no probably easy way to comment on the GIC performance since there isn't any benchmark displayed. A performance benchmark with perhaps a mixed of funds rather than a chart of rate of return might be more appropriate but it isn't easy to find a right benchmark since there aren't much fund with a similar size or objectives of the GIC. Warren Buffett, a well-known investor, used the S&P 500 with dividends as a comparsion although he has his own intrinsic value to measure the value of the business/companies he has a stake in. GIC does states its own performance criteria:

As an investment management company, we evaluate our performance in three ways:
whether we achieve a reasonable rate of return above global inflation for
the total portfolio;
how each investment professional or team performs against specific market benchmarks or absolute return targets;
and how our managers’ results compare with those of their peers in the industry.

We evaluate the performance of our investment professionals
against relevant market benchmarks such as the MSCI and
Barclays Capital Global Aggregate Bond indices.

They stated clearly they evaluate performance against relevant market benchmarks but I didn't see any performance comparison. It will be nice if could show the comparison instead of showing the 20-year rate of return chart and the portfolio allocation to let people who care see how well or poorly is our GIC faring.

Cash Offer: Soilbuild (T94)

2010-09-21T23:32:00.001+08:00

Soilbuild Group Holdings Ltd is a Singapore-based investment holding company. The Company operates in four segments: property development, which involves development of residential/commercial properties for sale; property investment, which involves properties held for rental yields and/or capital appreciation; construction, which involves in integrated building construction to support the Company's property development businesses, and others, which involve investment holding, renovation contractors and property management services. In April 2010, the Company acquired 100% interest in SB (Northpoint) Investment Pte. Ltd. (SB Northpoint).
Stock Chart

Offer Price
$0.8

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Reuters Finanical Summary and Ratio

Don't be an idiot in Marina Bays Sands Casino

2010-09-19T13:54:00.004+08:00

Resources:
Casino Regulatory Authority (CRA)

Before playing in a casino, you must realized you cannot beat the casino in the long run. But, you can find which games can let you play longer for entertainment purposes. Therefore, I decided to look at their payout rates of their various games from the CRA website.

Money Wheel

Symbol	Compartments	Payout	Winning %	Expected Payout
Fan	24	1	46.2%	0.923076923
Crackers	12	3	23.1%	0.923076923
Lantern	8	5	15.4%	0.923076923
Vase	4	10	7.7%	0.846153846
Chopsticks	2	20	3.8%	0.807692308
Lucky Charm	1	45	1.9%	0.884615385
Gold Ingot	1	45	1.9%	0.884615385
Total	52

Seems like betting on any of the 3 most probable outcome will let you last the longest while betting on Chopsticks gives the worst returns. Approximately 14% differences between the 2 best and worst outcomes. Don't play this game as later games provide better outcome

Sic Bo
Sic Bo Odds Website I used to check some of my numbers.

Section	Payout	Win %	Expected Payout
Small / Big	1	48.6%	0.972222222
Odd / Even	1	48.6%	0.972222222
Specific Triples	180	0.5%	0.837962963
Specific Doubles	11	7.4%	0.888888889
Any Triple	31	2.8%	0.888888889

Three Dice Total	Payout	Win %	Expected Payout
4 or 17	62	1.4%	0.875
5 or 16	31	2.8%	0.888888889
6 or 15	18	4.2%	0.791666667
7 or 14	12	4.6%	0.601851852
8 or 13	8	9.7%	0.875
9 or 12	7	11.6%	0.925925926
10 or 11	6	12.5%	0.875

Two Dice Combo	Payout	Win %	Expected Payout
1 and 2, 3, 4, 5 or 6	6	13.9%	0.972222222
2 and 3, 4, 5 or 6	6	13.9%	0.972222222
3 and 4, 5 or 6	6	13.9%	0.972222222
4 and 5 or 6	6	13.9%	0.972222222
5 and 6	6	13.9%	0.972222222

Three Single Die Combo	Payout	Win %	Expected Payout
126-135-234-256-346	30	2.8%	0.861111111
123-136-145-235-356	30	2.8%	0.861111111
124-146-236-245-456	30	2.8%	0.861111111
125-134-156-246-345	30	2.8%	0.861111111

Double Numbers With Single Die Combo	Payout	Win %	Expected Payout
112-113-114-115-116	50	1.4%	0.708333333
221-223-224-225-226	50	1.4%	0.708333333
331-332-334-335-336	50	1.4%	0.708333333
441-442-443-445-446	50	1.4%	0.708333333
551-552-553-554-556	50	1.4%	0.708333333
661-662-663-664-665	50	1.4%	0.708333333

Single Die Wager:	Payout	Win %	Expected Payout
Number on one Die/two Dice/three Dice	1,2,12	34.7%,6.9%,0.5%	0.962962963
Three dice from four possible combinations:	Payout	Win %	Expected Payout
1-2-3-4	7	11.1%	0.888888889
2-3-4-5	7	11.1%	0.888888889
2-3-5-6	7	11.1%	0.888888889
3-4-5-6	7	11.1%	0.888888889

Betting on big/small and various other bet yield the result of 0.9722 meaning you lose around $0.0278 per $1 bet. Definitely better than the Money Wheel but careful not to bet on some of the bets that result in terrible losses per bet.

Roulette

Number/Section	Payout	Winning %	Expected Payout
One number (Straight Up)	35	2.7%	0.972972973
Two numbers (Split)	17	5.4%	0.972972973
Three numbers (Street)	11	8.1%	0.972972973
Four numbers (Corner)	8	10.8%	0.972972973
6 numbers (Six Line)	5	16.2%	0.972972973
Column (12)	2	32.4%	0.972972973
Dozen (12)	2	32.4%	0.972972973
Low (1-18)	1	48.6%	0.972972973
High (19-36)	1	48.6%	0.972972973
Even / Odd	1	48.6%	0.972972973
Red / Black	1	48.6%	0.972972973

Interesting to note that the expected payout are exactly the same for all kinds for bets. The payout are also better than the money wheel game so it don't make sense to play the money wheel game.

I took a look at complete bet and still isn't 100% sure so I decides not to comment. However, Albert Einstein is reputed to have stated, "You cannot beat a roulette table unless you steal money from it." But, most who steals or cheats are probably caught by Singapore strict watchers as seen in news.

I didn't examine most of the other games because they had certain variability like jackpot bonus, card games where card dealt can affect the current/next game.

Update: 24 Sep
I read about the Casino Regulatory Authority (CRA) specification for casino games equipment and found an interesting note.

3.3.2 A game shall have at least one configuration setting that yields a minimum
theoretical statistical expectation that the minimum return-to-player
percentage (RTP) of the game will be greater than or equal to 90.0% during
the expected lifetime of the game.

Just found it nice that casino gaming machines are not allowed to have a huge edge over the player but after some calculation I realized that 90% is just too huge an edge.

With an 90% RTP/Expected Returns, the following can be expected in 10 bets with an $1,000.

Bet #	Amt Left from $1000
1	900.00
2	810.00
3	729.00
4	656.10
5	590.49
6	531.44
7	478.30
8	430.47
9	387.42
10	348.68

Playing in a game with 97.2% RTP

Therefore, you will have less than half your money if you used all your money in only 6 bets in an 90% RTP. However if you played in games with an 97.2% (Roulette), it became better.

Bet #	Amt Left from $1000
1	972.00
2	944.78
3	918.33
4	892.62
5	867.62
6	843.33
7	819.72
8	796.76
9	774.46
10	752.77

Playing in a game with 97.2% RTP

You will have 75% of your money after 10 bets compared to 35% of your money after 10 bets in an 97.2% RTP. Nobody will gambled all-in in every bets so it isn't a realistic comparison but it shows the differences that 7.2% in odds can affect your money left. Nevertheless, people should not gamble thinking they will win the casino in the long run, especially in probability/luck based games.

Watch Man Utd vs Liverpool legally online with Youku

2010-09-19T12:20:00.004+08:00

Resources:
Man Utd vs Liverpool Live Streaming @ Youku
Youku EPL Homepage

While Singaporeans pays increased fee for the EPL, Youku had secured the EPL rights and shows them online free and legal. I don't watch much soccer matches nowaday and is surprised that EPL allowed Youku to stream the videos. Although there are probably lots of other illegal sources elsewhere, I wondered how much Youku paid just to get the rights to play the games live.

A quick peek at a live match of Man Utd vs Liverpool, it lags once a while but is still accepted. However, the crowd volume exceeds the English commentary. Perhaps they are targeting China watchers where most probably don't understand the English commentary.

I wondered if they can justified their cost of getting the licensing rights and streaming to so many viewers. They currently has only an advertising model and probably using it to hype their future IPO to get even more funds and gain market share.

Making 124% with Sports Betting Week #41

2010-09-19T07:08:00.007+08:00

Final closing winning bet
$ 10.0 Fund Carryover
$1,356.8 Winning From MIDDLESBROUGH vs READING

$1,366.8 Final Fund (from $1,100 invested)

Stats Summary
Profit = $ 266.8 over $1,100 (24%)
Inactive weeks = 23 of 41 (56%)
Bets won = 12 of 48 (25%)

Looking at the chart, there was only 2 times over the 41 weeks where the returns is over investment. On paper, the 24% returns in less than a year (41 weeks) looks impressive but I rather call this a lucky sequence given the possible problems that goes wrong.

Big Problems with system
Assuming last bet of $640 lost
It will takes 13 months of $100 funding to allow for a next bet. An addicted gambler who can resist a 13 months of inactivity, should already quit. Assuming the next bet of $1,280 won, the ROI will be 7.9% for 93 weeks.

Chances of exponential bets
Given the bet won percentage of 25%, running a simulation test program of 10,000 runs, the maximum bet easily reached $17,179,869,183 which is a crazy amount. Even with a better win percentage of close to 50%, there is still a chance of getting a long stretch of losing streak.

Conclusion
This betting system is better left untouched.

Sports Bet History Table

Week #	Week Investment	Winnings	Bets	Fund Left	Bets Made	Last Bets Won	Total Investment Made	ROI	Inactive?
1	100	0	20	80	4	0	100	100.0%	0
2	0	11.5	35	56.5	4	1	100	91.5%	0
3	0	0	50	6.5	3	0	100	56.5%	0
4	0	102.5	35	74	4	3	100	109.0%	0
5	100	0	90	84	8	0	200	87.0%	0
6	0	0	80	4	6	0	200	42.0%	0
7	0	0	0	4	0	0	200	2.0%	1
8	0	0	0	4	0	0	200	2.0%	1
9	100	0	100	4	4	0	300	34.7%	0
10	0	82	80	6	1	2	300	28.7%	0
11	0	0	0	6	0	0	300	2.0%	1
12	0	0	0	6	0	0	300	2.0%	1
13	100	0	100	6	3	0	400	26.5%	0
14	0	168	80	94	2	2	400	43.5%	0
15	0	0	80	14	1	0	400	23.5%	0
16	0	0	0	14	0	0	400	3.5%	1
17	100	0	80	34	1	0	500	22.8%	0
18	0	0	0	34	0	0	500	6.8%	1
19	0	0	0	34	0	0	500	6.8%	1
20	0	0	0	34	0	0	500	6.8%	1
21	100	0	0	134	0	0	600	22.3%	1
22	0	0	0	134	0	0	600	22.3%	1
23	0	0	0	134	0	0	600	22.3%	1
24	100	0	160	74	1	0	700	33.4%	0
25	0	336	320	90	2	1	700	58.6%	0
26	0	0	0	90	0	0	700	12.9%	1
27	0	0	0	90	0	0	700	12.9%	1
28	100	0	160	30	1	0	800	23.8%	0
29	0	320	320	30	1	1	800	43.8%	0
30	0	640	320	350	1	1	800	83.8%	0
31	0	0	0	350	0	0	800	43.8%	1
32	100	0	0	450	0	0	900	50.0%	1
33	0	0	0	450	0	0	900	50.0%	1
34	0	0	0	450	0	0	900	50.0%	1
35	0	0	0	450	0	0	900	50.0%	1
36	100	0	0	550	0	0	1000	55.0%	1
37	0	0	0	550	0	0	1000	55.0%	1
38	0	0	0	550	0	0	1000	55.0%	1
39	0	0	0	550	0	0	1000	55.0%	1
40	100	0	640	10	1	0	1100	59.1%	0
41	0	1356.8	0	1366.8	0	1	1100	124.3%	1
Sum	1100	3016.8	2750		48	12			23

MAS fined Malaysian fund manager $500,000 for market manipulation

2010-09-18T14:41:00.002+08:00

Monetary Authority of Singapore (MAS) fined a Malaysian fund management firm S$500,000 after being found guilty of market manipulation.

Pheim Asset Management and its founder Dr Tan Chong Koay were each ordered by the Singapore High Court to pay S$250,000, and legal costs, to the MAS, after being found to have committed market rigging offences.

According to the MAS, Pheim bought shares of United Envirotech within the final half an hour of trading on three consecutive days in 2004. These trades accounted for almost 90% of transactions for those shares over the period, causing their price to rise by 17%.

The High Court found that Dr Tan had bought the shares to inflate their price, enabling various Pheim funds to outperform their benchmarks.

Leo Mun Wai, assistant managing director in the capital markets group at the MAS said: “Fund managers should not engage in window dressing practices that would mislead investors as to the performance of securities and the funds under their management.

“As this case illustrates, MAS will not hesitate to pursue and take stern action against anyone who attempts to rig our capital markets, regardless of whether the perpetrator is in Singapore or overseas.”

About Pheim Fund Previous Accolades
-- Best of the Best 2008, CEO of the Year for Malaysia
-- Best Mixed Asset Balanced Islamic Fund for 5 years period, 2008
-- ASEAN Emerging Companies Growth Fund Ltd
-- Pheim Malaysia's Largest Account
-- Pheim Malaysia's Dana Makmur

Soccer betting with Martingale system #31-#40

2010-09-18T04:10:00.001+08:00

Bet

$350 Fund Carryover
$300 Funding (Accelerates 3 months of $100 funding to end this test quicker)

$640, MIDDLESBROUGH vs READING Home 2.12

$ 10 Fund Left (from $1,100 invested)

References:

Singapore Pools odds

CPF Withdrawal Reaching 55 and After 55

2010-09-17T16:14:00.008+08:00

Resources:
Online CPF withdrawal calculator
Discounted Singtel Share Checker
Note: Based on a person reaching 55 next year.

Went to CPF with my parents to learn more about the CPF when she reached 55. CPF Website did include a table and calculator for more information regarding withdrawal but it is better to ask. Generally, there are only 2 cases based on the sum of all 3 accounts (ordinary, special and medisave).

Less than Minimum Sum + Medisave Required Amount => Withdrawal a percentage(see table) of your whole balance or at least $5,000(provided you had at least $5,000). The rest if any will be transferred to your new Retirement Account.
More than Minimum Sum + Medisave Required Amount => Withdrawal balance with the Minimum Sum transferred to your new Retirement Account.

The day You Turn 55	Withdrawal percentage of cash balances at age 55
On or before 31 Dec 2008	50%
1 Jan – 31 Dec 2009	40%
1 Jan – 31 Dec 2010	30%
1 Jan – 31 Dec 2011	20%
1 Jan – 31 Dec 2012	10%

The percentage only affects you if you did not exceed your Minimum Sum + Medisave Required Amount. Initially I was confused and thought the percentage everyone.

If you had less than the Minimum Sum + Medisave Required Amount, I believe your property can be used as a pledge if approved. Since my parent exceed the amount, we didn't asked about it.

After 55
The retirement account with your Minimum Sum will continue to accrued interest till you reached 65. You can request to withdraw balances (if you are working and continue to receive contribution in your account) yearly at your birthday provided you have more than your Minimum Sum and Medisave Required Amount.

Stock
Still not 100% sure about the stockholding since my parent wasn't sure either of their investment. My parents had DBS fund with UOB Investment(but she bought at DBS) and some discounted Singtel shares. Regarding her DBS fund, an enquiry at POSB mentions that we need to approach them to sell the fund. Confusing for me since the CPF statement mentioned UOB as the investment bank. Furthermore, the charges and refund in the CPF statement is confusing too. There is a $2 bank charge quarterly but the more confusing amount is a $30 refund half-yearly from UOB.

For the discounted Singtel Share, I couldn't find the type A,B or C shares as my parent mentioned and only found an overall amount through the online discounted Singtel Share checker. (I cannot believed the security of allowing anyone to see others shareholding as long as they had their IC number. Furthermore, I founded out Mr Lee Kuan Yew had the same amount of discounted share as my mum and weirdly, Mr Lee Hsien Loong didn't had any.)

Soccer betting with Martingale system #30

2010-09-16T04:42:00.002+08:00

Bet

$ 30 Fund Carryover
$640 Winning from ZOBAHAN vs POHANG

$320, PSV vs SAMPDORIA, Home 2.0

$350 Fund Left (from $800 invested)

References:

Singapore Pools odds

Soccer betting with Martingale system #29

2010-09-15T15:01:00.003+08:00

Bet

$ 30 Fund Carryover
$320 Winning from HULL CITY vs DERBY

$320, ZOBAHAN vs POHANG, Home 2.0
$320, (not enough fund)

$ 30 Fund Left (from $800 invested)

References:

Singapore Pools odds

Soccer betting with Martingale system #28

2010-09-13T10:14:00.005+08:00

Bet
Ignoring last match that was abandoned when in calculating in final result.

$ 30 Fund Carryover
$160 Refund from YOUNG LIONS vs GUOAN match abandoned due to brawl

$160, HULL CITY vs DERBY, Home 2.0
$320, (not enough fund)
$320, (not enough fund)

$ 30 Fund Left (from $800 invested)

References:

Singapore Pools odds

Weekly soccer betting with Martingale system #26-#28

2010-09-06T12:54:00.004+08:00

This week's bet

$ 90 Fund Carryover
$100 Monthly Funding

$160, YOUNG LIONS vs GUOAN, Home 2.05
$320, (not enough fund)
$320, (not enough fund)

$ 30 Fund Left (from $800 invested)

References:

Singapore Pools odds

Cash Offer: MCL LAND LIMITED (M25)

2010-08-27T14:29:00.001+08:00

MCL Land Limited is a Singapore-based company. The Company acts as a holding company for a group of companies principally engaged in property investment and development, and real estate management. The Company's assets are located in Singapore. It derives revenues primarily from sale of the Company's development properties in Singapore. The Company's subsidiaries include MCL Land Holdings Pte Ltd, MCL Land (Serangoon) Pte Ltd, MCL Land (Grange) Pte Ltd, Richdeal Pte. Ltd., Superport Pte. Ltd., Maxgrowth Pte. Ltd., MCL Land Realty Pte. Ltd., MCL Land (Prime) Pte. Ltd. and Caseldine Investments Pte Ltd.
Stock Chart

Offer Price
$2.45

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Reuters Finanical Summary and Ratio

Cash Offer: EASTERN ASIA TECHNOLOGY LTD (E08)

2010-08-05T23:06:00.000+08:00

Eastern Asia Technology Limited is a Singapore-based company. The principal activities of the Company are those of investment holding and provision of management services. The Company operates in three business segments: Audio/Video (A/V) Electronics, which is engaged in manufacturing and marketing of audio-video electronic products; Speaker Systems, which is engaged in manufacturing and marketing of speaker products, and Distribution, which is engaged in marketing and distribution of consumer electronics and household appliances products.
Stock Chart

Offer Price
$0.138

Reference: SGX Offer Document

Other Resources
Finanical Times Summary
Google Finance Overview
Reuters Finanical Summary and Ratio