U.S. Government Deficits Continue

Posted on April 12, 2012 by admin

The U.S. federal government budget deficit was roughly $198.16 billion in March 2012. The Treasury’s report showed it to be the second highest deficit so far this fiscal year behind the $231.7 billion from February which was a record. Spending was about $30 billion higher than the March report a year ago and appears to be a record for any March in the past.

Collections (government tax revenues) came in at $171.2 billion while spending reached $369.4 billion. The good news is that tax receipts were about $20 billion higher than the March from a year ago.
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Sony doubles forecast of annual loss $6.4 billions last fiscal year

Posted on April 10, 2012 by admin

Sony Corp forecast a record $6.4 billion net loss for the business year ending March 31 2012, double earlier forecasts and a fourth straight year of losses. The company blamed tax expenses related to its business in the US. It will be the company’s fourth year of losses.

In a bid to ease investor concerns over its deteriorating bottom line, the Japanese consumer electronics giant said it aimed for a strong profit of 180 billion yen this year.
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China March CPI Up 3.6%

Posted on April 9, 2012 by admin

China’s inflation accelerated more than forecast in March on a pickup in food prices. The consumer price index rose 3.6% in March 2012 from a year earlier, quicker than February’s 3.2% rise, data from the National Bureau of Statistics showed Monday. The rise in the key inflation gauge exceeded the median 3.3% gain forecast by 15 economists in a Dow Jones Newswires survey. Today’s data shows that policy makers may exercise caution in adding stimulus to boost growth.

When compared with a month earlier, the March CPI increased 0.2%, following a 0.1% month-on-month fall in February.

China’s CPI figures in January and February were distorted by the Lunar New Year holiday in late January, when food prices rose sharply. The CPI rose 4.5% in January, before edging down to 3.2% in February due to easing food prices.
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2012年3月 中国CPI同比增长3.6%

Posted on April 9, 2012 by admin


中国国家统计局今日公布数据显示，2012年3月份，中国居民消费价格总水平同比上涨3.6%。其中，城市上涨3.6%，农村上涨3.6%；食品价格上涨7.5%，非食品价格上涨1.8%；消费品价格上涨4.4%，服务项目价格上涨1.5%。一季度，中国居民消费价格总水平比去年同期上涨3.8%。

3月份，中国居民消费价格总水平环比上涨0.2%。其中，城市上涨0.2%，农村上涨0.1%；食品价格上涨0.2%，非食品价格上涨0.2%；消费品价格上涨0.3%，服务项目价格持平。

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Baltic index fell for the first time since late Feb

Posted on April 5, 2012 by admin

The Baltic Dry Index, a measure of commodity shipping costs, fell for the first time after holding firm for 28 straight sessions, as falling rates for smaller vessels countered strength in capesizes.

The index, which reflects the daily freight market rates of capesize, panamax, supramax and handysize dry bulk transport vessels, has fallen more than 46 percent this year. Continue reading →

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Singapore Catalist Stock Exchange Stock List

Posted on November 2, 2011 by admin

Catalist is the transformed SESDAQ (Stock Exchange of Singapore Dealing and Automated Quotation system), SGX’s then second board. It is part of SGX’s long-term strategy to attract both small, fast-growing firms to list in Singapore. As of today, there are a total of 134 stocks data found in the Singapore Catalist Stock Exchange.

Some of these companies information can be found in Singapore Catalist Stock Exchange Listing hosted in Singapore DIRepublic. Quite useful Singapore investment directory. Hope that Main Board information will also be available there.

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Buffett reaffirmed his belief in the quality of the US credit

Posted on August 6, 2011 by admin

Markets around the globe have suffered huge falls this week. Credit ratings agency Standard and Poor’s said early on Saturday it had downgraded the US from its top AAA rating to AA+. This means American government debt is no longer one of the world’s safest investments!

While the move has been anticipated by markets since last week’s deal in Washington agreed a cut of only $2.5trillion in the deficit, it’s unclear how markets will react when they open on Monday. The loss of the top-notch rating may cause panic on the markets with traders fearing the world’s biggest economy may be heading back to recession.

In an interview, Warren Buffett told the FOX Business Network that the US is still in triple A rating. Continue reading →

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Value a company solely based on earning expectation may not be accurate

Posted on July 30, 2011 by admin

To success in investment, we need to have the ability to measure the value of something and more importantly pay a lot less.

A lot of investment books may teach us how to compute the value of a company based on the sum of all of the earnings we expect to collect from that business over its lifetime. However, this is only based on guesses – something we expect on the business of the company. However, nobody really know the future of anything, not to mentione 10 years, 20 years or 30 years from now. Small changes in the calculation of future earnings will result in big different estimation of the value of a company. As such, valuation of a company only based on current earning and future expected earnings may not be accurate and meaningful!

As an investor looking for value, we may need more methods in valuing a company.

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Market is down, is it a good buy now?

Posted on June 18, 2011 by admin

The market is down for quite some time now. Recently most of the talk of the day with my friends are about the down trend of the current market.

A lot of people are panic and do not dare to buy. Everyone worried about the situation at the moment.

As in Singapore market, bargain are everywhere. A lot of counters are selling less than their NTA. Having said that, it does not guarantee a good return for short term buying. Although value investors enjoy declining markets so that they can accumulate more stocks which fit their valuation criteria. It is always difficult to invest more during this difficult period as most of our existing equity may go down with the trend too.
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Chuan Hup Holdings Proposed Divestment of Scomi Marine Bhd

Posted on December 4, 2010 by admin

On 30/Nov/2010, Chuan Hup Holdings Limited announced that the Company has entered into sale and purchase agreement resulted in the complete divestment of the Company’s shareholding interest in Scomi Marine Bhd.

The aggregate sum of the consideration approximately S$38,341,0601.With this transaction, assuming that the Proposed Divestment had been completed on 30 June 2010, based on the audited consolidated financial statements of the Group for the financial year ended 30 June 2010, the effect on the NTA per Share as at 30 June 2010 would be 36.35 cents.

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