ShareJunction - Member Posts

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Monday: 12 APRIL 2010 CLOSING

7,815,000     S$0.745 +S$0.010

S$0.735        848,000     (284,000 BfS)

S$0.740     1,510,000     (742,000 BfS)

S$0.745     2,344,000 (1,274,000 BfS)

S$0.750     1,356,000     (881,000 BfS)

S$0.755     1,756,000 (1,553,000 BfS)

S$0.760           1,000         (1,000 BfS)

STRONG underCurrent S$0.755

x 0

Mermaid

Symbol:
DU4

Currency:
Singapore Dollar

Last:

0.745

+ 0.0050

Vol (K): 7815.0

Trading
Updated Time	12-Apr 17:05
Open	0.745	High	0.76	Low	0.735
Prev Close	0.74	Buy	-	Sell	-
Volume(K)	7815.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	1.19	52 Wk Low	0.28	52 Wk Avg Vol	2283.776
All Time High	2.36	All Time Low	0.19
Comments	No Info

*Reporting Currency in THB
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	31-Mar-2010	Financial Year	30-Sep-2009
Current Year Profit (After Tax) $'000,000	714.485	Previous Year Profit (After Tax) $'000,000	1156.29
Net Asset Per Share	12.38	Turnover $'000,000	61.63
Current Year EPS (After Interest and Tax)	0.91	Previous Year EPS (After Interest and Tax)	1.47
PE Ratio (After Tax)	17.5	Times Covered	0.0
Price (at update time)	0.69	Dividend Yield	0.0

*Technical Analysis Information is updated Daily

Technicals
RSI	62.4	Williams %R	0.0
Comments (RSI)	No Info	Comments (W%R)	Overbought

Intraday Chart

x 0

TeleChoice

Symbol:
T41

Currency:
Singapore Dollar

Last:

0.245

+ 0.01

Vol (K): 150.0

Corporate Action - Cum Dividend

Trading
Updated Time	12-Apr 17:02
Open	0.235	High	0.245	Low	0.235
Prev Close	0.235	Buy	-	Sell	-
Volume(K)	150.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	0.24	52 Wk Low	0.2	52 Wk Avg Vol	375.899
All Time High	0.36	All Time Low	0.165
Comments	No Info

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	31-Mar-2010	Financial Year	31-Dec-2008
Current Year Profit (After Tax) $'000,000	14.187	Previous Year Profit (After Tax) $'000,000	14.179
Net Asset Per Share	0.14	Turnover $'000,000	2.51
Current Year EPS (After Interest and Tax)	0.03	Previous Year EPS (After Interest and Tax)	0.03
PE Ratio (After Tax)	7.7	Times Covered	1.6
Price (at update time)	0.23	Dividend Yield	0.09

*Technical Analysis Information is updated Daily

Technicals
RSI	54.92	Williams %R	-50.0
Comments (RSI)	No Info	Comments (W%R)	No Info

Intraday Chart

x 0

USD0.290

HARD ROCK

DIVIDENDS

x 0

PacShipTr US$

Symbol:
P48U

Currency:
US Dollar

Last:

0.29

No Change

Vol (K): 414.0

Trading
Updated Time	12-Apr 17:05
Open	0.29	High	0.29	Low	0.285
Prev Close	0.29	Buy	-	Sell	-
Volume(K)	414.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	0.295	52 Wk Low	0.155	52 Wk Avg Vol	348.234
All Time High	0.465	All Time Low	0.13
Comments	Near 52 wk high

*Technical Analysis Information is updated Daily

Technicals
RSI	65.3	Williams %R	-20.0
Comments (RSI)	No Info	Comments (W%R)	No Info

Intraday Chart

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ALL the information are already pOsted EARLIER since March 2010 in this fOrum.

jUst tUrn back the PAGES

freeme ( Date: 12-Apr-2010 11:26) Posted:

pharoah88.. since u keeping close look at this.. care to share to FA of this counter? n more about its cash offer

The TA looks good to me..

x 0

shOrt

SHORT

x 0

TRUST

RUSTS

x 0

IPO Logistics Trust S$0.880

1st Trading Day

OPENED S$0.995

CLOSED S$0.955

x 0

x 1

BUY S$1.65

SELL S$3.95

x 0

COSCO still COSCO

nOthing changE

x 0

BUY qUick qUick

qUick qUick BUY

x 0

CoscoCorp

Symbol:
F83

Currency:
Singapore Dollar

Last:

1.65

+ 0.14

Vol (K): 72719.0

Corporate Action - Cum Dividend

Trading
Updated Time	12-Apr 17:05
Open	1.54	High	1.65	Low	1.54
Prev Close	1.51	Buy	-	Sell	-
Volume(K)	72719.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	1.51	52 Wk Low	0.79	52 Wk Avg Vol	15717.909
All Time High	8.2	All Time Low	0.605
Comments	Near 52 wk high

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	31-Mar-2010	Financial Year	31-Dec-2008
Current Year Profit (After Tax) $'000,000	302.588	Previous Year Profit (After Tax) $'000,000	336.568
Net Asset Per Share	0.51	Turnover $'000,000	210.98
Current Year EPS (After Interest and Tax)	0.14	Previous Year EPS (After Interest and Tax)	0.15
PE Ratio (After Tax)	8.9	Times Covered	1.9
Price (at update time)	1.24	Dividend Yield	0.06

*Technical Analysis Information is updated Daily

Technicals
RSI	78.37	Williams %R	-3.33
Comments (RSI)	Overbought	Comments (W%R)	Overbought

Intraday Chart

x 0

Is Singapore following the fOOt Steps Of JAPAN in

Severe Acute HiGH-cOst Syndrome

(SAHS)

pharoah88 ( Date: 12-Apr-2010 17:13) Posted:

Is RESERVE D PRICE

a "ROBBERY PREMIUM" ? ? ? ?

pharoah88 ( Date: 12-Apr-2010 17:07) Posted:

Comment

TODAY ONLINE

Do away with reserve price

Introduce windfall tax on developers’ excessive profits instead

CONRAD RAJ

W

Mr Cheong, a developer of high-end property, felt one of the reasons prices were high was the Government’s control of land supply, especially the placement of a reserve price on land for residential development.

“As the supply side of the development equation is managed by the public sector, market forces are often not wholly free to respond to demand,” he had argued.

“When supply overshoots real demand, prices are driven down and when it is withheld, demand overruns available supply and forces prices upwards; either situation is not healthy for inuring a stable market over the long term.”

Mr Cheong also noted: “As the state is the single largest land owner, land pricing in Singapore is largely determined by the reserve price system featured on all state land tenders.”

He cited two instances where the Government decided not to accept the submitted bids because they did not meet the reserve price, suggesting that the Government was thus driving prices up by accentuating the demand-supply mismatch.

#### they dOnt't knOw ecOnOmics ???? ####

In a strongly-worded refutation of Mr Cheong’s arguments, the MND said a reserve price “is necessary, as it is Government’s duty as the custodian of state land to ensure it obtains a fair market price for a site”.

In the case of the two instances Mr Cheong raised, it was also “arguable”, MND said, that awarding the sites at lower bid prices would “have moderated property prices or simply allowed the bidders to achieve a higher profit margin”.

But to look at it conversely: If ignoring the reserve price would not necessarily send property prices down, then why not just release land without a minimum bid price?

#### just LiKE there shOuld nOt be any Minimum Wage in a FREE Market ? ? ? ? ####

After all, the MND — whose role includes balancing the needs of house-seekers, whose interest is in affordable prices, and homeowners, who want to see their property values hold steady or rise — has awarded sales sites in the past even when the bids were below the reserve price.

#### A BiD is a BiD. bE FAIR.

DON'T PLAY DiRTY ? ? ? ? ####

It has also said the reserve price serves merely as a guide in the decision to award a site.

As for preventing developers from making excessive profits, the Government has plenty of ammunition — current or potential — to do just that.

For one, if developers really want market forces to prevail, then the Government should perhaps stop heeding their occasional calls for assistance in a downturn — like allowing them to delay completion dates of properties under development.

#### Is this a BREACH of FAIR MARKET to the CONSUMERS ? ? ? ? #### because it is time for the consumers to buy cheap in the dOwn cycle ? ? ? ?

The State could also introduce a windfall tax on profits from property sales by developers that go beyond a certain level.

It is not as if the Government is in a total loss situation when it awards land cheap.

It can recoup some of the money back through property taxes, rather than let the land lie fallow for years because the reserve price was not met.

And, because the Government staggers its release of land for sale, it is not as if all land is going to go cheap. Good luck to the guy who got a site cheap because he had better foresight than the others who did not bid.

This leads us to the “O” word.

#### Is this a DiRTY wOrd ? ####

The MND said it was not convinced the bids cited in Mr Cheong’s examples represented fair market value rather than developers being “opportunistic”.

Aren’t all land bids opportunistic to some extent?

When a developer bids for a certain piece of land, he does so betting that he is going to turn in a good profit from its development.

Otherwise why bid?

Another issue oft raised: Why is the Government’s reserve price such a closely guarded secret?

## REALLY ? ? ?

## SECRET KEEPERS MUST NOT BE ALLOWED TO OWN OR TRANSACTION IN ANY PROPERTY ##

#### EQUIVALENT TO INSIDER TRADES ####

Perhaps with the minimum price disclosed, more bidders would come into the market.

Take a parallel instance: When the Government decided to make bids for vehicle certificates of entitlement totally transparent, did it lose out in any way?

So why not give the idea a chance and do away with the reserve price system?

If things do not work out, the Government can always reinstate it.hen Simon Cheong, president of the Real Estate Developers Association of Singapore, recently made public his views on the role he thought the Government had in affecting property prices, it provoked a strong response from the Ministry of National Development (MND).

The writer is editor-at-large at Today.

CONRAD RAJ&analysis