Updates: Sold off my 3 lots of SATS @ 2.88
High volume for Fuxing today, breaking the 0.18 resistance. This S-chip is gaining attention.
In my last post, I recommended KeForex, a new forex trading platform. As I'm leave today, I spent quite a while trading virtually and I learnt a few things...
First, I must say that KeForex is an impressive platform, easy to use and also pleasing to the eye. Technical analysis are available and easy to activate.
Forex is definitely a very fast and easy way of making some cash, however, it is also likewise for losing your capital. Keforex does not charge commissions but earn via the difference in the pips, called the spread, between the currency pairs. Currency pairs with smaller spread include the USD/CHF, USD/JPY, GBP/USD etc, while the currency pairs with higher spread include USD/SGD, EUR/AUD, GBP/AUD. This difference will affect your profit thus beginners are always recommended to try out currency pairs with smaller spread.
As I'm still relatively new to Forex, I'm unable to say much about the trading. However, I must say that I have made a 10k virtual profit with the 50k virtual capital in one day!
Please try it out if you're interested! & any readers out there can recommend me books/websites to read up on Forex?
Thursday, December 30, 2010
Sunday, December 26, 2010
KE Forex Demo
Other than stocks, I am quite interested in trading Forex. As such, I found a Forex Demo from Kim Eng, the same company that I use to trade stocks. It has a nice, simple interface which like its stock trading platform, is the most user-friendly in my opinion. Trading Forex is unlike stocks as it is a 24hour market due to the different currencies being traded all around the world all the time. As I learn and read more about Forex, this platform will allow me to paper trade before venturing into the actual forex trading.
For like-minded individuals, do try this platorm out!
Saturday, December 25, 2010
Pre Christmas Thoughts & Trading Activity
Bought 3 lots of SATS again at 2.80 last week.
During this whole week of light trading, it went back up till 2.86 before closing at 2.84 on friday afternoon.
I expect the interest in this stock to rise again once the holiday season is over after the recently concluded stake in TFK.
Slowly but steadily, Fuxing has been creeping back up to close at 0.175 on friday. The company recently announced that it will acquire 3 profit making companies which also helps in their vertical integration to become a fully integrated zip maker and to increase it profit base. With strong results reported months ago, together with its a strong financial position, I expect Fuxing to grow!
Lastly, Merry Christmas to all readers! Have a good one
During this whole week of light trading, it went back up till 2.86 before closing at 2.84 on friday afternoon.
I expect the interest in this stock to rise again once the holiday season is over after the recently concluded stake in TFK.
Slowly but steadily, Fuxing has been creeping back up to close at 0.175 on friday. The company recently announced that it will acquire 3 profit making companies which also helps in their vertical integration to become a fully integrated zip maker and to increase it profit base. With strong results reported months ago, together with its a strong financial position, I expect Fuxing to grow!
Lastly, Merry Christmas to all readers! Have a good one
Sunday, December 19, 2010
Happy Holidays! Not forgetting a pre-2011 watchlist..
Sold of my 3 lots of SATS at 2.88 for 2.92 on contra for a profit of about 50 bucks.
Loaded 3 lots again at 2.80 before friday's close.
My current watchlist includes GMG, Capmallasia, Comfortdelgro & Straitsasia.
The problems in ivory coast resulted in a fall in GMG's price after a good start to the week. However, I feel that these problems are short term. Once the situation stabilizes and with rubber prices maintaining or even hitting new highs, high rubber prices should be here to stay.
Capmallasia fell to its lowest ever by closing at 1.84 on friday. Still researching on what could have caused this though it looks like a good price to enter.
Also currently researching on comfortdelgro. Looks very undervalued and with the recent news of it starting bus services in australia, looks like a good stock to keep on the watchlist.
Straitsasia have fallen from a high of 2.90 to 2.40 on friday. Looks very oversold and with coal prices also staying high in years to come, it may be a good time to enter.
As the holidays approach, trading volume falls and people start to take profit. This may be a good chance to enter stocks on your watchlist.
Last but not least, merry christmas & a happy new year!
Loaded 3 lots again at 2.80 before friday's close.
My current watchlist includes GMG, Capmallasia, Comfortdelgro & Straitsasia.
The problems in ivory coast resulted in a fall in GMG's price after a good start to the week. However, I feel that these problems are short term. Once the situation stabilizes and with rubber prices maintaining or even hitting new highs, high rubber prices should be here to stay.
Capmallasia fell to its lowest ever by closing at 1.84 on friday. Still researching on what could have caused this though it looks like a good price to enter.
Also currently researching on comfortdelgro. Looks very undervalued and with the recent news of it starting bus services in australia, looks like a good stock to keep on the watchlist.
Straitsasia have fallen from a high of 2.90 to 2.40 on friday. Looks very oversold and with coal prices also staying high in years to come, it may be a good time to enter.
As the holidays approach, trading volume falls and people start to take profit. This may be a good chance to enter stocks on your watchlist.
Last but not least, merry christmas & a happy new year!
Monday, December 13, 2010
SATS- Buy calls from Kim Eng, Philips
Just sold my 3 lots of SATS today before noon break @ 2.92
Profit of about $60
Total Profit up till now: $440
Will load again when it hits 2.85-2.88
Back to the topic,
SATS announced on 29 Nov 2010 that they will pay ¥7.8billion
(approximately S$122 million) for a 50.7% stake in TFK Corporation (TFK) from Japan
Airlines (JAL). According to a news report on 15th Sep 2010 from Airportbusiness.com, the original price tag for JAL’s 51% stake was 10bn yen. The price paid by SATS is 22% off the rumored price.
According to the company website, it is stated that TFK
provides 15mn meals annually (as compared to 24.5mn meals by SATS from Oct 09 to
Sep 10) and employs 1,125 employees. They have customers from more than 30
international airlines and operate with its HQ in Narita International Airport & Tokyo
Haneda Airport. TFK was established in 1959. In the same article from
Airportbusiness.com, TFK was reported to have annual sales of 22.5bn yen
(approximately S$351mn) in fiscal 2009. SATS had disclosed that they do not expect
material impact to the earnings and NTA of the Group for the current financial year ending
31 Mar 2011, as the acquisition is expected to be completed in Dec 2010.
Quoted from Philips Securities:
• We do not think SATS overpaid for the stake based on currently available
information.
• No revision to earnings estimates due to lack of information at the moment.
• We view this acquisition positively as it allows for geographical diversification within
the company’s area of competence.
• Estimated 13% increase in share of sales from overseas by FY12E.
Quoted from Kim Eng:
The acquisition, which is still subject to closing conditions, is expected to be
completed before end‐2010. Assuming no change in FY11 and FY12, we
estimate TFK may add about $7m (about 3%) to SATS’ earnings in FY12.
There could be upside to these estimates once SATS gets to work on
integrating TFK’s operations. In addition, the planned revival of Narita and
Haneda international airports, if successful, could boost prospects further.
Assuming SATS uses all‐cash to fund its TFK acquisition, it will still have net
cash of $60m left over. As at September 2010, it had $182m in net cash. In
addition, it has plenty of long‐term credit facilities to tap on, including a
$500m medium term note programme and $200m revolving credit facility,
thus giving it a potential warchest that exceeds $700m. Its existing core
business is highly cash‐generative with a short cash cycle of just a couple of
weeks as well as low capex of $50‐70m pa.
Philips Securities maintains BUY recommendation with target price of S$3.21.
Kim Eng maintains BUY recemmendation with a target price of $3.48.
Youthvestor: Changi Airport may see a third baggage carrier, thus SATS acquisition of TFK allows it to diversify its operations, it could boost its overseas revenue to cover the potential competition in Changi Airport.
Profit of about $60
Total Profit up till now: $440
Will load again when it hits 2.85-2.88
Back to the topic,
SATS announced on 29 Nov 2010 that they will pay ¥7.8billion
(approximately S$122 million) for a 50.7% stake in TFK Corporation (TFK) from Japan
Airlines (JAL). According to a news report on 15th Sep 2010 from Airportbusiness.com, the original price tag for JAL’s 51% stake was 10bn yen. The price paid by SATS is 22% off the rumored price.
According to the company website, it is stated that TFK
provides 15mn meals annually (as compared to 24.5mn meals by SATS from Oct 09 to
Sep 10) and employs 1,125 employees. They have customers from more than 30
international airlines and operate with its HQ in Narita International Airport & Tokyo
Haneda Airport. TFK was established in 1959. In the same article from
Airportbusiness.com, TFK was reported to have annual sales of 22.5bn yen
(approximately S$351mn) in fiscal 2009. SATS had disclosed that they do not expect
material impact to the earnings and NTA of the Group for the current financial year ending
31 Mar 2011, as the acquisition is expected to be completed in Dec 2010.
Quoted from Philips Securities:
• We do not think SATS overpaid for the stake based on currently available
information.
• No revision to earnings estimates due to lack of information at the moment.
• We view this acquisition positively as it allows for geographical diversification within
the company’s area of competence.
• Estimated 13% increase in share of sales from overseas by FY12E.
Quoted from Kim Eng:
The acquisition, which is still subject to closing conditions, is expected to be
completed before end‐2010. Assuming no change in FY11 and FY12, we
estimate TFK may add about $7m (about 3%) to SATS’ earnings in FY12.
There could be upside to these estimates once SATS gets to work on
integrating TFK’s operations. In addition, the planned revival of Narita and
Haneda international airports, if successful, could boost prospects further.
Assuming SATS uses all‐cash to fund its TFK acquisition, it will still have net
cash of $60m left over. As at September 2010, it had $182m in net cash. In
addition, it has plenty of long‐term credit facilities to tap on, including a
$500m medium term note programme and $200m revolving credit facility,
thus giving it a potential warchest that exceeds $700m. Its existing core
business is highly cash‐generative with a short cash cycle of just a couple of
weeks as well as low capex of $50‐70m pa.
Philips Securities maintains BUY recommendation with target price of S$3.21.
Kim Eng maintains BUY recemmendation with a target price of $3.48.
Youthvestor: Changi Airport may see a third baggage carrier, thus SATS acquisition of TFK allows it to diversify its operations, it could boost its overseas revenue to cover the potential competition in Changi Airport.
Sunday, December 12, 2010
Portfolio as of 12 December
Sold gentinghk @ 0.455 5 lots
entered sats again @ 2.88 3 lots
XD for sats 5 cents dividend
Total profit as from September 22 to December 12: $380
5 lots fuxing @ 0.18
5 lots jes @ 0.36
3 lots sats @ 2.88
1 lot sabanareit @ 1.05
8 lots mapletreeind @ 1.16
entered sats again @ 2.88 3 lots
XD for sats 5 cents dividend
Total profit as from September 22 to December 12: $380
5 lots fuxing @ 0.18
5 lots jes @ 0.36
3 lots sats @ 2.88
1 lot sabanareit @ 1.05
8 lots mapletreeind @ 1.16
Tuesday, December 7, 2010
Bullish end to 2010
Sold off my stakes in SATS 3 lots @ 2.89 due to the incoming news of a 3rd baggage handler at Changi airport which may reduce SATS market share
tidy profit of about $320 including the 5 cent dividend
Bought one of my watchlist stocks genting hk @ 43.5cents. Time for a rebound to the 52cents high
Meanwhile, JES hit a high of 35.5cents today after announcement of 6 more new contracts. Hopes it break 36cents soon! Closed at 0.345 instead
To add, quite a while ago I got 1 lot of SabanaREIT @ 1.05 via IPO :(
tidy profit of about $320 including the 5 cent dividend
Bought one of my watchlist stocks genting hk @ 43.5cents. Time for a rebound to the 52cents high
Meanwhile, JES hit a high of 35.5cents today after announcement of 6 more new contracts. Hopes it break 36cents soon! Closed at 0.345 instead
To add, quite a while ago I got 1 lot of SabanaREIT @ 1.05 via IPO :(
Subscribe to:
Posts (Atom)