19/01/2010 trades

Staying out of market EW rules sti 2000, here we come.

Wheelock buy 1.90x5000 sell 1.88 (CPF)
Wingtai buy 1.80x5000 sell 1.77
Epure buy 0.82x10000 sell 0.795
Allgreen buy 1.15625x8000 sell 1.14

18/01/2010 trades

Falcon buy 0.7x10000 sell 0.695

How to read warrants

17/02/2010 trades

UIC buy 1.88x5000 sell 1.90 (I dun like to keep Loss making coy)
Indo buy 2.1x4000 sell 2.1 (I will never play indo again)

STI analysis - Where are we?

We could be heading to 2000 at the end of Wave C. scary?

wave I STI 2950 to 2665
wave II 2665 to 2770/2800
wave III 2770/2800 to 2300
wave IV 2300 to 2450 

wave V 2450 to 2000

But then Eliot Wave is only accurate after the actual event. Read it with a pinch of salt. It contains 5 up waves and A-B-C correction waves.

Guru's view on Capland.

Crabland analysis using result just announced.
Link to result :http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6951CA470A93F47B482576C6003BA1CA/$file/CLannc.2009results.pdf?openelement



1. The full year net profit after tax is S$1,008, inclusive of gain from CMA of $900 millions. Share issued 4.2 billions shares.

2. EPS is 26 cents, inclusive of CMA $900 millions.
--- at 15 PE is 26 x 15 = $3.90

3. Net profit less CMA, since CMA gain is "once off", $1,008 less $900 = $108 millions. Divide by 4.2 billion shares = 2.5 cents.
--- at 15 PE = 39 cents..... ???

4. NAV is S$3.16
--- assumming all assets sold at 20% profit = S$3.79
--- provided it can sell all at 20% profit !!!
--- valuation of assets now would be lower than in Dec 09; with China clamp down in property prices, the 7 properties acquired in Jan 10 will need to be written down.

Summary :
--- max price at 15PE, if it can repeat earning at S$1. 008 billions is $3.90
--- without the once-off CMA gain, $3.00 will be too high as the management & other operating expenses will take a hit at the bottom line.

12/02/2010 trades

Ho Bee buy 1.73x6000 sell 1.75 CPF
Noble buy  2.9125x4000 sell 2.99
Capland buy 3.75x3000 sell 3.92
Yanlord 1.78x4000 sell 1.75

Capland TA

11/02/2010 trades

Took Noble - potential 3 white soldiers formation with increasing volume.

STI 30 Components' Target Price 10 Feb 2010

10/02/2010 trades

Swiber buy 1.045714 x 7000 sold 1.07
Wingtai buy 1.71 x 5000 sold 1.78
Ho Bee buy 1.64 x 5000 sold 1.70 CPF
Wilmar buy 6.25 x 2000 sold 6.33

My Opinion:

STI bottom at 2667, end of Wave 1, Today we see a estimate -17 pts drop. I hope there is a full seubsequent wave to 2800, then unload everything.

09/02/2009 Trades

Indo buy 1.95x5000 sell 1.94
Ezra buy 2.111 x 8000 sell 2.165

USD is so dropping so commodities stage a rally.

08/02/2010 trades

Ezra buy 2.13x5000 sold 2.16 (cpf)
Indo buy 2.0111x9000 sold 1.92

This is where we are

2660 Should have a rebound to 2800. We are now stuck in downtrend.

04/02/2010 trades

Market looks like no strength to sustain. Blues chips like DBS, City, SGX, OCBC looks like breaking down. As such I have to make a painful but drastic decision to cut them. Oversold though. But oversold can become extremely oversold and stay there for very long.

CityDev 10.88x1000 cut 10.60 (cpf)
SAR 2.27x4000 cut 2.215
SCGlobal 1.80x5000 sell 1.82
Wingtai  1.86x5000 sell 1.80
SGX 8.21x1000 sell 7.81 (took 3 times dividend of 0.0375, 0.155, 0.0375 = 230)

CityDev

SGX

03/02/2010 trades

Parkway buy 2.71 x 4000 sold 2.73
Ezra buy 2.16 x 5000 sold 2.24

STI 02 Feb 2010

 

This a hard time for longist, with alot of fear in the air. But then, we should buy some good stocks when there is  blood.

Decided to exercise cautious and sold off DBS & IndoAgri

DBS buy 14.26 x 1000 sold 14.16

IndoAgri buy 2.02 x 5000 sold 2.04

Collect some dividends/ TradesTon 1 Feb 2010

SGX  0.0375 x 3000 = 112.5
CDLHtrust 0.0471 x 5000 = 235.5

Portfolio Update
SembMar  buy 3.35 x 4000 sold 3.40
RafflesMG buy 1.37 x 5000 sold1.39

TA on K-reit

Neutral