Ang Mo Kio CC Hong Bao Rapid Open Chess Challenge 2010

congra Yi Quan(under 8) and Qi Xun(Young Beginner) for coming in third in their respective category ... :-))

CSE Global

very good support at around 87c level ... a break above 92c should test 97c .. watch out for it ... ...

i extract the following report from CIMB ;

(CSE SP / CSES.SI, OUTPERFORM - Maintained, S$0.88 - Tgt. S$1.37, Oil Equipment and Services)

Maintain Outperform on CSE. 4Q09 net profit of S$11.5m (+44% yoy) was broadly in line with our expectations and consensus. We maintain our EPS forecast for FY10-11 and introduce FY12 numbers. Our target price remains unchanged at S$1.37, still based on 11x CY11 P/E (7-year historical average). CSE is trading at attractive valuations of 8x CY10 P/E and remains our top pick among the second-tier O&M plays. We like CSE for its well-diversified global and industrial business model, which will translate to more sustainable and stable earnings. With a strong order book of S$389m, management guides for an improved performance in FY10. We see stock catalysts from order wins in Europe, Middle East and Australia driving share price higher.

Ying Li

very good support at 41.5c level , i expect the price to hit 51c in the near future ... watch out for it ..

I extract the following statement from KIM ENG ;

Target price: $1.20 (maintained)
Ying Li reported FY09 PATMI of RMB48.4m that was bolstered by fair value gain of RMB113.8m on revaluation of investment properties. Bottomline will be muted until end-2010 when pre-sales begin at the IFC and Da Ping projects. The signing up of tenants at the IFC from Jun-10 and the bidding outcome for Wuyi Road project by 1H10 are key catalysts. At 13.3% net gearing, banks will continue to lend support. Great bargain at steep discount to RNAV of 63%. Maintain Buy.

NOL

NOL could retest 174-179 in the short term again .. watch out for it

Inaugural Inter-constituency Chess Championship 2010

Congra to both Yi Quan and Qi Xun for coming in 5th position in their respective category :-)

GuocoLeisure

likely to test 80c in the near term , any break above this level will be bullish .. watch out for it ... stay long

Ying Li

Ying Li has been consolidating since mid Nov'09 , key resistance at around 70c level , any break above this level with good volume will be bullish .. watch out for it .

REXlot Holding

Watch out for potential breakout above 90c to test 1 dollars soon ... ...

Genting

Genting resort will be opening in weeks time ... i believe it price will be well supported , could test 140-150 soon .. watch out for it ..

Straits Asia

it has breakout 233 resistance .. mid term target likely to be around 2.80 level ... stay long

Singapore International Chess Festival 2009

Genting Trip - Part 2

Genting Trip - Part 1

Swiber

I extract the following report from DBS Research ;

Two Investment themes for Oil and Gas companies :-
1) The first investment thesis for 2010 is for builders to
outperform asset owners/operators, due to the
resurgence in orders. The picks are Swiber Holdings
(+40% to S$1.24), PEC (+26% to S$0.88) and Sembcorp
Marine (+20% to TP: S$4.26). Swiber has been
upgraded to BUY, with revised target price of S$1.24, in
anticipation of the seasonal offshore field development
order flow in 1Q 2010. PEC, with S$500m order
pipeline, is expected to see more downstream EPC
contracts award in onshore Middle East in 1H 2010.

Chart wise , lookout for break above 91.5c to retest 96.5c again ... stay long

REXlot Holding

watch for breakup above resistance level between 73c - 77c ...

1st Northland Primary Charity Tournament 2009 Under-8

Qi Xun K1 showcase event :-)

Ying Li

Watch for break above the resistance Greenline to test 80c again ...immediate resistance at around 75c level ... strong support at 70c level .. watch closely

Golden Agri

nice breakout of 46c resistance , likely to test 49.5c soon .... .... stay long

Tiong Woon

watch for breakup above the pink line to test 80-82c level ... ...

Article from 曾渊沧博士 - Nov'09

On October 29, the United States Bureau announced upturn in GDP in the third
quarter of 2009. After 4 consecutive quarters of decline, positive GDP growth is an
encouraging sign that US economy is moving in the right direction. However, US Stock
market only rose for a day. Some worried that the Federal government might take back the
government’s stimulus package and the others worried that the growth might not be
sustainable.
In actual facts, all these are excuses. The real reason is: there are too many
speculators. Lots of speculators, using high proportion of borrowing, speculate in stock
market. Any sign of changes in economic or expectation will cause them to sell immediately
in order to cut lost. Cut lost is the main reason for stock market moving up and down rapid.
W
ho are these speculators? They are mainly finance companies, who US Federal
government lent money to during 2008 economic crisis. The US government will not let they
collapsed so as to prevent world depression. Lehman Brothers collapsed had caused
financial crisis. What will happen if Citibank, AIG bankrupt? That will not just only financial
crisis.
The top management in US financial sectors, especially investment banks was
drawing very high pay and bonus. The reason is: they generated lots of income for their
companies. Today, these companies are borrowing money from the US government. If they
use government money to distribute bonus, the US tax-payers will oppose the government
from lending money to them. Therefore, there is an agreement between the government and
these finance companies. The condition for government loans is that they are not allowed to
distribute bonus. The management has no choice but to accept the offer. The only way to
obtain bonus is through gambling. If they win, they can repay loans to the government and
the government has no control over bonus distribution. If they lose, they can always borrow
money from the government and continue to play. They are big enough that the US
government will not allow them to collapse.
Because of speculation, the stock market fluctuated rapidly. Since July till now, Straittimes
index move up and down but still within the range of 200 point. We may consider focus
on China stock market. On October 30, China launched biotech VCs, new tech stock market.
All stock up by almost 70% in a day. These companies are mainly hi-tech, environment
related, bio-tech and new energy stock. I foresee Singapore may follow in a short period.
SM Goh Chok Tong visited Fujian Province in PRC last week. There are many
Singaporean, including SM Goh, their parents migrated from Fujian. Today, the relationship
between Taiwan and Fujian is getting better, China Government is planning to develop
Fujian as most of the Taiwanese also migrated from Fujian and having the same languages.
Therefore, I think Fujian stock may become more popular.

Capital Land - Update

expect cap land to gap down as DOW fall a whopping 200 plus points ... look for support around $4 , a break below this level could send to stock to around $3.87