Sunday, March 27, 2011
MRT reserved seating?
Tuesday, March 22, 2011
Manhattan Resources
This stock fell quite a bit since the start of February but has seen strong recovery the past two days as it hit the lower bollinger band. Missed the boat today, my indecisiveness cost me again.. I could have entered at 89cents in the afternoon but was afraid since i have no holding power currently, could only purchase it on contra. Looks good to go back to its $1.20 range if market continues to recover.
Keep it on watchlist!
Keep it on watchlist!
Friday, March 4, 2011
Generalizing S-Chips?
With the recent fiasco with 2 S-Chips listed on the SGX, namely, China Hongxing and Hongwei Technologies and their accounting irregularities in their financials, I think many now have nodded their heads in agreement in general that S-Chips are indeed unreliable and dangerous to invest in.
However, looking at the current S-Chips in my portfolio, namely JES International and Fuxing China Group, I think that the stereotype of S-Chips being poorly run and managed is unfair to these well performing S-Chips.
JES International and Fuxing recently posted good results for their FY10, with Fuxing continuing the policy of declaring dividends. Fuxing declared a 0.02 CNY dividend for FY10 even though they are in the midst of acquiring 3 companies for their horizontal expansion. JES reversed a loss in FY09 to post a better than expected profit and currently have a huge orderbook worth 1.6billion which would keep JES's shipyard busy for the next 2 years as explained by their CEO Jin Xin.
I am optimistic of both companies growth in the years to come and if you have missed taking a position on JES when the Libya unrest caused the STI to fall for the past 2 weeks, the price now at 31 cents still represent a good opportunity to enter. Fuxing on the other hand has been holding steady at 16.5/17 cents since the start of the year. With continued good results and dividends, both companies share prices look good to rise with the investors' increased confidence when they are announced.
However, looking at the current S-Chips in my portfolio, namely JES International and Fuxing China Group, I think that the stereotype of S-Chips being poorly run and managed is unfair to these well performing S-Chips.
JES International and Fuxing recently posted good results for their FY10, with Fuxing continuing the policy of declaring dividends. Fuxing declared a 0.02 CNY dividend for FY10 even though they are in the midst of acquiring 3 companies for their horizontal expansion. JES reversed a loss in FY09 to post a better than expected profit and currently have a huge orderbook worth 1.6billion which would keep JES's shipyard busy for the next 2 years as explained by their CEO Jin Xin.
I am optimistic of both companies growth in the years to come and if you have missed taking a position on JES when the Libya unrest caused the STI to fall for the past 2 weeks, the price now at 31 cents still represent a good opportunity to enter. Fuxing on the other hand has been holding steady at 16.5/17 cents since the start of the year. With continued good results and dividends, both companies share prices look good to rise with the investors' increased confidence when they are announced.
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