Kumon Achiever Ceremony for Work Year 2008

He is the Kumon yishun ring branch principal ...

Yi Quan receiving his award from the principal ... ...

His hard earn trophy and certificate for workyear 2008 , it dont come easy because he has to do his worksheet everyday , rain or shine . Well Done !!!

continue to admire his awards .... :-))

Gor Gor why i dont have any trophy huh ??? :-))

dedicate a song to my brother new born son :-))

心肝寶貝
詞：李坤城 羅大佑 曲：羅大佑 唱：鳳飛飛

月娘光光掛天頂嫦娥在彼住
你是阮的掌上明珠抱著金金看
看你度祭看你收涎看你在學行
看你會走看你出世相片一大疊

輕輕聽到喘氣聲心肝寶貝子
你是阮的幸福希望斟酌甲你晟
望你精光望你才情望你趕緊大
望你古錐健康活潑不驚受風寒　

鳥仔風箏　攏總會飛　到底為什麼
魚仔船隻　攏是無腳　按怎會移位
日頭出來　日頭落山　日頭對叨去
春天的花　愛吃的蜂　伊是置叨位

鳥仔有翅　風箏有線　才會天頂飛
魚仔有尾　親像行船　希望著愛找
日頭出來　日頭落山　日子攏安呢過
花謝花開　天暗天光　同款的問題

Keppel Land

Short term wise Kep Land might have hit a top , price could come down and consolidate at around 128 level . Resistance at 154 . Stay short .

Below I extract some FA stuff from GK Goh :

" KepLand's share price has recovered strongly since early
March. Despite some signs of risk appetite returning, we hold
the view that fundamentals have not changed. KepLand's office
exposure remains its key bugbear, as rents continue to chase
a bottom and cap rates move closer to our base case of 6.5%.
We believe there is an above-average chance it may choose to
raise fresh equity, to fund its capex and keep net gearing at
a more manageable level. Including potential write-downs, we
estimate its net gearing could rise to 0.8x from 0.5x by
end-FY09. Our FY09 core EPS has been raised by 1.4% while
FY10-11 EPS estimates have been lowered by 26-29% as we
assume KepLand's new inventories will transact at 50% below
peak prices going forward. We lower our end-FY09 RNAV
estimate by 25% to S$2.50 on lower selling price assumptions.
Our target price drops to S$1.25 from S$1.35, on a new 50%
discount (previously 60%) applied to RNAV. We believe it is
still too early to take risks on the stock. Maintain
Underperform. "

Kep Corp

Short term wise Kep corp might have hit a top . It could come down to around 5 . Stay short for now . Resistance at around 5.44

14th Northland Primary School Rapid Chess Tournament 2009

one of yi quan good friend , surprisingly from other class . last time during my time i only know students from my own class .. time has change ...

Another competition , but this time is small scale , own school students challenging only ... ...

hey what are you looking ? focus on your game lah :-)

parents also can take part in this competition , i will join in next time after i master the game :-)

i am the future champion ok ... :-))

wow nice toilet , let me have a pee first !!!!

boy , you should have remove your bag ... ...

waiting for prize presentation ...

yi quan come in 9th in the challenger category , good job ! by the way the boy who present the trophy is the current under 9 year old national champion from NorthLand Primary .

and finally a group photo for all the prize winners after a hard day work ... CHEERS !!!

NOL

should test 112 soon , if clear this level will touch 124 at least . Buy on dips ...

Strait Asia

look to test resistance at 86c follow by 90.5c .

2009 school chess championship

some seats empty because 胜负以分 , so they went back to their respective school waiting area to get ready for next round ... my son still fighting with this student from Nan Yang primary ...

this room is specially reserve for Northland Primary school whereby they plot their next strategy ... ...

lunch time before the next round begin ... ...

war start after lunch ... ...

Yi quan taking on yet another student from Nan Yang ... ...

this battle area was very humid , hopefully they organise it at some air-con place next time ...

happen to be son birthday also , no prize from the chess competition but at least a cake :-)

and a present !!! guess what is that ? :-)))

UOB - Update

UOB has shoot up more than 1 dollar since I mentioned it on 10th Mar . If it could breakup from this DC , then short term wise it could still attempt to cover back the gap of 970-998.

Can he be trusted ???

"This (economic) decline will begin to moderate and we'll begin to see a leveling off," Bernanke said when pressed during an interview on the CBS program "60 Minutes" about whether he sees the recession ending this year.
"We won't be back to full employment. But we will, I hope, see the end of these declines that have been so strong in a last couple of quarters," he said.
Bernanke told the U.S. Congress in January that the Fed believes there is a reasonable prospect the recession that took hold in December 2007 will end this year and that 2010 will be a year of recovery.
In the rare on-record interview, he largely stuck to that view, while suggesting recent developments may have dimmed the outlook a bit.
"We'll see the recession coming to an end probably this year," Bernanke said. "We'll see recovery beginning next year."

UOB

UOB could rebounce soon ... ..

Golden touch ???

"From the February 20, 1005 highs, gold has fallen sharply, resulting in eight consecutive days of lower closes. Since the
start of the secular bull market in 1999, such a run has occurred on three occasions. Each time it marked the end of the
decline, immediately preceding a move higher over the subsequent weeks. With daily momentum oscillators pushing
oversold for the first time since January and a confluence of support between 898/882 (50-day average, trendline and
38.2% retracement), odds favor a return of the uptrend and a retest of the year-to-date highs and beyond." I extract the above statment from Barclay Capital Research

STI Index - Update

STI has dropped more than 400 points since the turn of the new year ... not so good start indeed , but how was it supposed to be good anyway ???

Short term wise , there is a good chance STI might have a technical rebounce soon to around 1584 level . Key support at 1500 level , breaking down 1500 will cause the index to re-visit Oct intra day low of 1473 .