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Like the story of PI........sinking some more!!!
Octavia ( Date: 17-Dec-2012 22:01) Posted:
Maybe we have to listen to Class95, hear the good stuff only and sing the same song here/
tiancai007 ( Date: 17-Dec-2012 19:43) Posted:
| This forum is free for eveyone and no subscription fees. Make money by advertisement like those pop down ads and those videos ad that pops out suddenly. Dun think Temasek is the sponsor here. Too trivial for them as they busy managing our CPF $$ |
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http://finance.yahoo.com/echarts?s=EDU+Interactive#symbol=edu range=ytd compare= indicator=volume charttype=area crosshair=on ohlcvalues=0 logscale=off source=undefined
Long before publishing its research on New Oriental Edu for free in July, MW had already sold its research to PAID subcribers who short sold the stock, leading to a drop in price from 28c to 9c.
counter ( Date: 17-Dec-2012 18:20) Posted:
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In July, Muddy Waters turned its attention to China's booming education industry. It alleged that New Oriental Education and Technology Group, the country's largest private sector training company, was using accounting tricks to inflate its profits. Muddy Waters concluded: " It is probable EDU [the New Oriental ticker symbol] will restate earnings, and probable that Deloitte [its auditor] will resign."
Almost six months on, US-listed New Oriental has not restated its earnings, Deloitte has not resigned -- and the company's shares are now about a third higher than they were when Mr Block published his attack.
Business at its schools is humming. On a recent evening, hundreds of young students filed into a Beijing-based training centre for after-school classes, receiving extra tuition in English, maths, even Marxist theory -- anything to give them an edge in the hyper-competitive Chinese education system.
http://edition.cnn.com/2012/12/14/business/china-muddy-waters/index.html?hpt=hp_t3 |
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[May 20, 2011] To date, Temasek has not drawn on its past reserves. Temasek does not manage or invest any CPF money. ... Managing Director, Corporate Affairs Temasek Holdings
business.asiaone.com/Business/News/ Story/A1Story20110520-279705.html
tiancai007 ( Date: 17-Dec-2012 19:43) Posted:
This forum is free for eveyone and no subscription fees. Make money by advertisement like those pop down ads and those videos ad that pops out suddenly. Dun think Temasek is the sponsor here. Too trivial for them as they busy managing our CPF $$.
halleluyah ( Date: 17-Dec-2012 17:27) Posted:
Hmm...may b instrusted by temasek. Anything negative abt olam must b taken away fr the time been |
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http://www.gic.com.sg/newsroom/news/article/11-jul-2006
To pre-empt misunderstanding, let me add that there is no connection between GIC's rate of return and the interest paid on CPF accounts. The GIC invests the Govt's reserves abroad in equities, bonds, real estate and other asset classes, which carry higher risks and therefore can be expected to earn higher returns on average over the long term.
The CPF invests members' savings only in absolutely risk-free Singapore Government bonds. CPF members are paid market-related interest rates based on the 12-month fixed deposit rates and the savings account interest rates of the major Singapore banks, subject to a floor.
CPF members who are willing to accept higher risks for higher returns have many channels to do so on their own, through the CPFIS.
tiancai007 ( Date: 17-Dec-2012 19:43) Posted:
This forum is free for eveyone and no subscription fees. Make money by advertisement like those pop down ads and those videos ad that pops out suddenly. Dun think Temasek is the sponsor here. Too trivial for them as they busy managing our CPF $$.
halleluyah ( Date: 17-Dec-2012 17:27) Posted:
Hmm...may b instrusted by temasek. Anything negative abt olam must b taken away fr the time been |
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Saw this interesting investment by Temasek and wish to share it here.
Temasek to buy 20% in India's Godrej Industries agri unit by Reuters.
http://www.asiaone.com/A1Business/News/Story/A1Story20121217-390160.html
Maybe we have to listen to Class95, hear the good stuff only and sing the same song here/
tiancai007 ( Date: 17-Dec-2012 19:43) Posted:
This forum is free for eveyone and no subscription fees. Make money by advertisement like those pop down ads and those videos ad that pops out suddenly. Dun think Temasek is the sponsor here. Too trivial for them as they busy managing our CPF $$.
halleluyah ( Date: 17-Dec-2012 17:27) Posted:
Hmm...may b instrusted by temasek. Anything negative abt olam must b taken away fr the time been |
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No idea. You decide for yourself.
counter ( Date: 17-Dec-2012 20:50) Posted:
No wonder the shortists could not push the price below $1.365 last Friday. UOB issued a 'BUY' call on 13/12/2012. Do you it could be UOB that was accumulating Olam's shares last Friday
Peter_Pan ( Date: 17-Dec-2012 20:34) Posted:
Just found the following analyst's comment, you all decide for yourselves:
Olam International. On 12 Dec 12, it was reported that Kewalram Singapore backs Olam’s proposed US$1.25b (S$1.5b) rights issue of bonds and warrants. Kewalram Singapore owns 20% of Olam and is part of the Kewalram Chanrai group, which founded Olam in 1989. On 13 Nov 12, our institutional research maintained a BUY for the stock, but slashed the target price from S$2.32 to S$1.98 as we change our valuation method from 13.5x PE-based valuation to a dividend discount model (required rate 11%, terminal growth 1.4%). We also revise our earnings forecasts to include the impact from the rights issue of bonds with attached warrants and provide target price sensitivity to cost of equity assumptions.Technically, the stock lacks relative strength as compared to the recent sharp rebound for FSSTI. The stock looks poised to head south as it is still trending within its downtrend channel as highlighted in our daily technical video on 23 Nov 12. The potential support levels to watch out for are S$1.36 and S$1.10.
UOB KayHian
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No wonder the shortists could not push the price below $1.365 last Friday. UOB issued a 'BUY' call on 13/12/2012. Do you it could be UOB that was accumulating Olam's shares last Friday
Peter_Pan ( Date: 17-Dec-2012 20:34) Posted:
Just found the following analyst's comment, you all decide for yourselves:
Olam International. On 12 Dec 12, it was reported that Kewalram Singapore backs Olam’s proposed US$1.25b (S$1.5b) rights issue of bonds and warrants. Kewalram Singapore owns 20% of Olam and is part of the Kewalram Chanrai group, which founded Olam in 1989. On 13 Nov 12, our institutional research maintained a BUY for the stock, but slashed the target price from S$2.32 to S$1.98 as we change our valuation method from 13.5x PE-based valuation to a dividend discount model (required rate 11%, terminal growth 1.4%). We also revise our earnings forecasts to include the impact from the rights issue of bonds with attached warrants and provide target price sensitivity to cost of equity assumptions.Technically, the stock lacks relative strength as compared to the recent sharp rebound for FSSTI. The stock looks poised to head south as it is still trending within its downtrend channel as highlighted in our daily technical video on 23 Nov 12. The potential support levels to watch out for are S$1.36 and S$1.10.
UOB KayHian
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Huge selling pressure continues after opening in the morning pushing the price all the way down to $1.385 before performing a dead-cat-bounce stunt in the midday. But the huge selling pressure sets in again after the dead-cat-bounce stunt in the midday failed to revive the dead cat.
Just found the following analyst's comment, you all decide for yourselves:
Olam International. On 12 Dec 12, it was reported that Kewalram Singapore backs Olam’s proposed US$1.25b (S$1.5b) rights issue of bonds and warrants. Kewalram Singapore owns 20% of Olam and is part of the Kewalram Chanrai group, which founded Olam in 1989. On 13 Nov 12, our institutional research maintained a BUY for the stock, but slashed the target price from S$2.32 to S$1.98 as we change our valuation method from 13.5x PE-based valuation to a dividend discount model (required rate 11%, terminal growth 1.4%). We also revise our earnings forecasts to include the impact from the rights issue of bonds with attached warrants and provide target price sensitivity to cost of equity assumptions.Technically, the stock lacks relative strength as compared to the recent sharp rebound for FSSTI. The stock looks poised to head south as it is still trending within its downtrend channel as highlighted in our daily technical video on 23 Nov 12. The potential support levels to watch out for are S$1.36 and S$1.10.
UOB KayHian
Based on your previous posts, you have always been pessimistic about Olam. When did you buy Olam's shares? curious......
Jackpot2010 ( Date: 17-Dec-2012 19:24) Posted:
when the book closure date was fixed earlier than expected on 2 Jan, the selling continued unabated instead of short-covering action.
based on the relatively low vol of 23m shares, today's sellers are genuine retail investors who have given up hope on Olam, they don't want to throw good money after bad, i.e. don't want to subscribe to the rights issue. What u think?
Peter_Pan ( Date: 17-Dec-2012 18:43) Posted:
Near term target trending towards $1.215 within 1-2 weeks. This stock is in a major downtrend. Long term investors have turned bearish and have left the ship. |
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Vested small small today, what u said make sense. Guilable me, still thought of making some kopi money when shortists cover their shorts. Lol.
Jackpot2010 ( Date: 17-Dec-2012 19:24) Posted:
when the book closure date was fixed earlier than expected on 2 Jan, the selling continued unabated instead of short-covering action.
based on the relatively low vol of 23m shares, today's sellers are genuine retail investors who have given up hope on Olam, they don't want to throw good money after bad, i.e. don't want to subscribe to the rights issue. What u think?
Peter_Pan ( Date: 17-Dec-2012 18:43) Posted:
Near term target trending towards $1.215 within 1-2 weeks. This stock is in a major downtrend. Long term investors have turned bearish and have left the ship. |
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This forum is free for eveyone and no subscription fees. Make money by advertisement like those pop down ads and those videos ad that pops out suddenly. Dun think Temasek is the sponsor here. Too trivial for them as they busy managing our CPF $$.
halleluyah ( Date: 17-Dec-2012 17:27) Posted:
Hmm...may b instrusted by temasek. Anything negative abt olam must b taken away fr the time been.
eurekaw ( Date: 17-Dec-2012 16:56) Posted:
| Think admin deleted the thread..
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SGX share lending for Olam ,only 40,000 Shares available, how to sell short now?
BBC News: CEO SUNNY GEORGE VERGHESE from Olam International explains- No merit in Muddy Waters' claimshttp://youtu.be/z1ib_WoZmDU
when the book closure date was fixed earlier than expected on 2 Jan, the selling continued unabated instead of short-covering action.
based on the relatively low vol of 23m shares, today's sellers are genuine retail investors who have given up hope on Olam, they don't want to throw good money after bad, i.e. don't want to subscribe to the rights issue. What u think?
Peter_Pan ( Date: 17-Dec-2012 18:43) Posted:
Near term target trending towards $1.215 within 1-2 weeks. This stock is in a major downtrend. Long term investors have turned bearish and have left the ship. |
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long term investors turned bearish?! Peter Pan, did you go interview every single long term investor, both retail and institutional or do you have some psychic ability? That is to say- how would you know that?!
Peter_Pan ( Date: 17-Dec-2012 18:43) Posted:
Near term target trending towards $1.215 within 1-2 weeks. This stock is in a major downtrend. Long term investors have turned bearish and have left the ship. |
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Near term target trending towards $1.215 within 1-2 weeks. This stock is in a major downtrend. Long term investors have turned bearish and have left the ship.
Given the rights issue (cum rights now), improving economic conditions worldwide, price book ratio, temasek's backing, I'm pretty optimistic that price has hit a bottom. Had an opportunity to enter 1.39 just now. Believe shorts covering will commence soon. Good luck to everyone, longs or shorts.
Btw for PE ratio, you can look at the past earning instead of projected earnings and make ur own estimates instead of analysts' ones. Some of them are overly optimistic or pessimistic.
