SGX scraping lunch break

Just came across this while browsing the Edge website,

Traders' lunch is cut as Singapore seeks bigger role from Bloomberg and published on the Edge's website

http://www.theedgesingapore.com/the-daily-edge/business/25156-traders-lunch-is-cut-as-singapore-seeks-bigger-role.html

SGX went one step ahead than the Tokyo exchange by cutting the lunch break entirely!

I wonder...

• Will it really increase trading volume and help SGX to increase its regional role?
• Even if the brokers/remisiers/bankers skip lunch, will the traders/investors also skip their favourite laksa/nasi lemak?

Note: SGX shares rose 18cents today!

Retail mall plays

Prices of shares have been going higher since the start of the year, however, even with the 20points drop in the market today, share prices look to be too overbought.

Reading through the edge weekly comment, where they recommended Lee Kim Tah and Guthrie GTS, both trading below their NAV of 62.7cents and 66 cents respectively. Both done well on friday's trade, gaining 2 and 6 cents respectively. Both own stakes in retail malls in Singapore, namely Jurong Point, Tampines 1, Heartland Mall and even the recently opened Nex in Serangoon. With the high current occupancy rate and share trading below NAV value and more development in the Jurong area, these shares look to be one to look out for.
Suntec REIT & Starhill REIT are also trading below NAV of price to book ratio of 0.78 times and 0.68 times respectively.

Mapletree Industrial Trust is releasing their 3rd quarter financial year 2010 results on 25th Jan 11!

Happy 2011!

Happy new year to all readers!

It's time again to consolidate the mistakes and lessons learnt of 2010 and to work towards a better 2011!

Time to think about new year resolutions again...

All the best in investing for the year ahead!

Updates of my portfolio & Keforex

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?

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!

http://www.kimeng.com.sg/customer_service/latest_offerings.htm#demoContest

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

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!