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
Thursday, February 18, 2010
Tuesday, February 16, 2010
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)
Indo buy 2.1x4000 sell 2.1 (I will never play indo again)
Saturday, February 13, 2010
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 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, $3.00 will be too high as the management & other operating expenses will take a hit at the bottom line.
Link to result :http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6951CA470A93F47B482576C6003BA1CA/$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.
Thursday, February 11, 2010
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
Noble buy 2.9125x4000 sell 2.99
Capland buy 3.75x3000 sell 3.92
Yanlord 1.78x4000 sell 1.75
Subscribe to:
Posts (Atom)