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Is Sgd. 10.00 on the card?
teeth53 ( Date: 25-Jul-2009 23:49) Posted:
"As price goes higher, they may divert their attention to other counter....." 110% true to the truth..
Then back again when they got wind of those news, the nervous part is near target price. |
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The fee must be revised down at least valid for one to two years attracting more S-chips listing!
smartrader ( Date: 25-Jul-2009 20:34) Posted:
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Published July 25, 2009 
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Financial help for former Sesdaq firms
Aim is for them to stay listed under sponsor-supervised Catalist regime
By CONRAD TAN
THE Singapore Exchange (SGX) is offering financial assistance and more time to former Sesdaq companies to help them stay listed under the sponsor-supervised Catalist regime that replaced Sesdaq in December 2007.
SGX said yesterday that it would guarantee 90 per cent of the risk on loans of up to $50,000 each extended by Hong Leong Finance to Catalist non-sponsored (NS) firms to pay their sponsor fees. It also extended the current deadline of Feb 5, 2010, for Catalist-NS firms to find a sponsor to the end of next year.
The loan guarantee scheme is aimed at helping Catalist-NS companies - those that were listed on the old Sesdaq but have yet to engage a sponsor firm - meet the short-term expense of hiring a sponsor, Catalist head Ong Chong Jin said. 'We're aware that it's a difficult funding environment out there.'
But former Sesdaq firms that have already engaged a sponsor will also be eligible for the loans. These firms, now known as Catalist firms, can use the funds to pay their sponsors' continuing fees, Mr Ong said. These annual fees vary widely; previous reports by BT suggest that sponsors were asking for $50,000 to $250,000 a year in early 2008, though fees have fallen since.
The scheme will guarantee loans up to a total of $5 million. With the SGX guarantee, borrowers need not put up any collateral or provide any personal guarantees, Hong Leong Finance said separately. The loans will be for two years, at an annual interest rate of 6.5 per cent. Companies can apply for the loans from Aug 3 to Oct 30, and the loans must be drawn down by the end of this year. Hong Leong Finance, the sole provider of the loans, will assess whether firms are creditworthy. It will pay the money directly to the sponsor firms of approved borrowers.
Asked if the scheme would be available to new Catalist entries, Mr Ong said that such firms should not need help with funding, as they would have recently raised funds through a public share offer. SGX also said it would suspend, rather than delist, the shares of firms that have not engaged a sponsor by the original deadline of Feb 5, 2010. The firms now have until end-2010 to find a sponsor before facing delisting. Those that delist must propose a 'reasonable' exit offer to shareholders, SGX said.
According to the exchange, 76 of the 154 former Sesdaq companies that were without a sponsor at the launch of Catalist have yet to find a sponsor. Another 44 have engaged sponsors, 28 have transferred to the SGX mainboard and six have been delisted.
Based on the latest quarterly updates by the remaining 76 Catalist-NS firms, 66 intend to appoint a sponsor before Feb 5 next year, while six are either planning a transfer to the mainboard or to restructure to keep their listing, SGX said. Of the remaining four, one is in financial difficulty, another is a cash shell, a third has no concrete plans yet, and the fourth is a dual-listed firm.
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KXD is somehow related to semicon, electronic, and tech sector I suppose so I start accumulating it again. I think it will certainly reacts in August correspondingly to the PENNY stock month! Ha. ha.. ha..
louis_leecs ( Date: 23-Jul-2009 22:27) Posted:
| look at dmx,,,,,,,,,,,,,,,,ellipse,,,,,,,,,,,,,,,,and finally i catch asti tis morninng,,,,,,,,,,,,the big fund still holding,,,,,,,,,,,,,,,,,,,,,,,,,,,im believe ellipse,,,dmx,,,,asti is heading to chiong liai,,,,,,,,,,,,tech counter wake up in history long long consolidated,,,,,,,,,,,,,,,,,,,,,,im believe after energy,,,proprty,,,,,,,,,,,,,,,,,next will be tech counter,,,,,,,,,,,,,,,,and imstart to focus on china counter,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,my long term buy low sell hight time again,,,,,,,,,,,,,,,,,,,,cheers |
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After all is still on the loss, and doubt about recovery process later on. (competitive advantages might be the big issue I suppose)
i780samsung ( Date: 24-Jul-2009 07:10) Posted:
Chartered Reports Results for Second Quarter 2009
“Chartered revenues in second quarter 2009 were up 43 percent, and revenues including our share of SMP were up 46 percent compared to the previous quarter. Revenues from 65-nanometer (nm) and below technologies, including those from 45nm, grew around 75 percent and accounted for approximately 29 percent of our total business base revenues. Revenues from 45nm alone represented approximately two percent of our total business base revenues. We ended the quarter with a net loss attributable to Chartered of $39 million, which is a substantial improvement over the prior quarter,” said George Thomas, senior vice president and CFO of Chartered.
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Good proposal, that is the best way optimizing your profit. I 'll do too!
AK_Francis ( Date: 24-Jul-2009 00:37) Posted:
Hopes that is d blessing. CDP had banked in my sold SPC $ into my bank acc on 23 Jul liao.
Listen to d sifus, will peow some penny stocks n keep them till DJ hits 10,000???? |
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Changtian yes but Yoma not yet, just giving you example. Tomorrow I 'll buy heavily Yoma counter.
cathylmg ( Date: 23-Jul-2009 12:01) Posted:
| I wonder if there is anymore room for penny stocks to go. They have gone up quite a lot. |
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I took all 30 different type of penny with prices <Sgd. 0.10, target of at least 30% up to 60% appreciation in price then let go.
NEWBAB ( Date: 23-Jul-2009 20:09) Posted:
what penny stock will you think will cheong? I got digiland, abterra, still haven't move at all, already stuck so long. so stupid to buy long time ago, nowadays, don't fancy penny stock, be careful if you intend to buy
petertan4949 ( Date: 23-Jul-2009 18:21) Posted:
i believe rally for penny may last for a few week, make as much as we can.
cheonggggggg. |
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I sold all my blue chips yesterday and today all switch buying to Penny stocks which prices <Sgd. 0.10. As I said before August is the PENNY stock's month. Ha. ha.. ha...
cathylmg ( Date: 23-Jul-2009 12:01) Posted:
| I wonder if there is anymore room for penny stocks to go. They have gone up quite a lot. |
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No, it should be 11,900. I suppose.
richtan ( Date: 22-Jul-2009 09:51) Posted:
The Dow Will Hit 10,000 in 2009
by Dr. Mark Skousen, Advisory Panelist
- Three reasons why the Dow is going up.
- Insights from Jeremy Siegel.
- Why the Dow 10,000 in 2009 isn't crazy.
Dear Investment U Reader,
Wall Street has been debating the huge run-up in the Dow Jones Industrial Average.
Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial "dead-cat bounce?" The prognosticators have been unsure, uncertain and uncommittal about what they see coming next...
So let me make it clear where I stand: We are in the beginning of a new bull market that will carry us to 10,000 on the Dow by year's-end - and new highs within a couple of years.
Yes, the recovery will be volatile. But now is the time to buy, despite the big run up.
No doubt there's plenty of bad news out there - rising unemployment with no end in sight, threatened tax increases on capital gains and dividends, anemic corporate profits, commercial real-estate insolvency, federal deficits, continued threats from the Middle East and Afghanistan, the specter of inflation and high interest rates among others...
This list goes on and on. But as the old saying goes, "Wall Street climbs a wall of worry."
It's all for naught - and I encourage you to look past these sideshows and distractions. I'm convinced the stock market is headed higher - a lot higher. I'll share my reasoning and tell you why Jeremy Siegel feels the same way.
Three Reasons the Dow is Going Up
Over the past few months, three things have been sticking out to me like huge blinking aircraft landing signals. Here's why we're going to keep moving up..
- The Fed. Bernanke and the Federal Reserve are pulling out all the stops to stimulate the economy. Since September 2008, the money supply (M2) has been growing at an incredible 13% rate, one of the highest in the post-World War II period.
As Milton Friedman has demonstrated time and time again, after a lag of between six and nine months an easy money policy will cause a sharp recovery in the economy and stocks. Economists call it the "Friedman Effect."
- Mortgage support. The Obama administration has been working hard at bailing out all the unstable banks, bad mortgages and bad assets in the economy through massive deficit spending. Essentially, the government policy is putting a floor under the residential real estate market, which will keep it from collapsing any further.
- History sides with the bulls. Last month, I had dinner with Jeremy Siegel, professor of economics at the Wharton School and author of the bestseller "Stocks for the Long Run." He is a firm believer in looking at historical trends, something that many investors and Wall Street analysts have forgotten. And right now, the trend favors the bulls.
Well, guess what? The lag is over, and the "Friedman Effect" is taking full effect. We can expect higher stock prices and a recovery in the economy by year-end. And as a result of the administration's efforts, housing sales are on the rise and real estate prices are stabilizing.
It's why I'm so interested in real estate lately. Take a look at may last column, "Real Estate: The Buy of the Century."
http://www.investmentu.com/IUEL/2009/April/buying-real-estate.html
Adding more fuel to my position, when I sat down with Wharton's Wizard he showed me an interesting long-term chart of the S&P 500 Index.
The Wizard of Wharton's Long-Term Outlook
You'll note that every time the market hit the bottom of his long-term chart, it rallied - sharply. And that's exactly where it was in late February when I met with Professor Siegel - at the bottom.
Sure enough, in early March Wall Street rallied - and it hasn't looked back. It's now up 30% from its lows. Between you and me, he called the exact bottom of the stock market within weeks. (Of course, so did a few of our analysts as well.)
How far up can it go? I asked this precise question to Professor Siegel last month.
He told me that he has just completed a study of how well stocks do after a major crash like the one we just experienced (falling 50% from its highs). His conclusion was pretty striking: After a major bear market, stocks on average rebound 24% the first year of recovery. And just as nice, the average annual return over the next five years is 18%.
Since the Dow was around 8,300 at the first of the year, it could climb back to 10,000 by year-end. (And 18,000 by 2013.) We could comfortably hit these numbers with an additional 19% gain.
Although many believe the "easy money" has been made - and they may be right - the market will still offer plenty of profitable opportunities in the coming months. It'll be volatile, but it's certainly not too late to get aboard.
Good investing,
Mark
Highlights in this issue: |
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I like this counter but I do not like its share price level.
ten4one ( Date: 22-Jul-2009 09:33) Posted:
Haha...very true! Mountain goats have strong legs  Cheers! |
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On the other hand, thank to S chip tremendous capital gain contribution to my equity portfolio of at least >168% average appreciation, since October 2008 till today.
des_khor ( Date: 20-Jul-2009 11:31) Posted:
| all my China counters gone case except China Ntown & China Sunshine..... now become sell cheap cheap...haha |
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Always remember: PREVENTION IS BETTER THAN CURE.
singaporegal ( Date: 09-Jul-2009 21:29) Posted:
Actually, to be fair to those in charge, this virus is unlike the SARS virus where the fever comes BEFORE the patient becomes infectious.
In this H1N1 case, the fever comes AFTER the infectious stage. This alone causes many problems for pandemic screening and zoning efforts.
Also, many other countries have simply given up trying to contain the virus. They are just treating the virus like any normal strain of flu.
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Congratulations to both of them for their future bright career and strong endeavor.
ticklish8 ( Date: 21-Jul-2009 17:40) Posted:
| Latest Goodyear resign from Temasek, Ho Ching coming back... |
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I remember August is a penny stock month, since rotational interest of stock picking is commencing.
Andrew ( Date: 22-Jul-2009 16:11) Posted:
| Thank you July..........Yahooooooo.........Hello August..... |
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Time will come, why not!
Zelphon ( Date: 22-Jul-2009 13:22) Posted:
Sianzzzzzzzzz..
This bugger is not moving at all !!!!
Almost zero volume and price so low..
Will this bugger move as semicon recover?? |
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KXD, on this coming August. (CAVEAT EMPTOR)
petertan4949 ( Date: 22-Jul-2009 01:21) Posted:
| Dear richtan, can recommend some pennies stock.thanks. |
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No, not realy, my average cost price is still at about Sgd. 0.105, probably I need to average down again till my cost price reaching Sgd. 0.09, Sgd. 0.08, Sgd. 0.06 by next one quarter, two quarter and next year's first quarter, after that all the way riding profit till at least >five folds.
StarLine ( Date: 16-Jun-2009 13:31) Posted:
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Hi, Hulumas.
Good for you, collected at a lower price.
Hulumas ( Date: 15-Jun-2009 21:04) Posted:
| So good, have collected another 1000 lots to go |
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Garment, Apparel fashion.
smartrader ( Date: 14-Jul-2009 15:09) Posted:
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It is not me. Ha. ha.. ha...
erictkw ( Date: 17-Jul-2009 10:55) Posted:
| Wah lau, someone just bought up 8,000,000. |
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Yes, I start selling my blue chips and go into red chips and penny today!
des_khor ( Date: 21-Jul-2009 15:05) Posted:
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About Hulumas
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