Saturday, March 1, 2014

Interestingly, The Biggest Gamblers in the world come from...

A pretty good read from The Economist Online. Quite surprised that Australians are so into gambling.
Singaporeans....needless to chance to gamble...we sure gamble! (at least for the majority).


Thursday, February 13, 2014

SATS 3QFY14 Results

So SATS stock price plunged upon their results:

3QFY14 net profit missed estimates, being 8.7% y/y lower at $42.9m, while topline was shaved by 1.1% to $465.5m. Revenue from Gateway Services increased 4.3% to $173.3m, offset by Food Solutions which contributions dropped 3.9% to $291.1m in light of the weakening Yen. Japanese subsidiary TFK revenue fell 18%, but excluding yen business, yen revenue grew and TFK was profitable. In particular, in flight catering revenue fell 4.6% on loss of income from Qantas. Expenses were lower overall, while share of associate?s profits was 7.4% higher at $0.9m, supported by good performances in China/ Indonesia. Management guided that operating landscape remains challenging in view of ongoing pressure on airlines? profitability and rising labour costs, and expects modest growth at Changi Airport coupled by marginal growth in airfreight at best. That said, CS is optimistic towards SATS? medium to long term outlook driven by new growing businesses and Changi airport expansion. Deutsche says under its blue sky scenario (no M& A and gradual increase of leverage over 5 years, also factoring in transformation capex), it expects SATS dividend yield to potentially double from current 4-5%. SATS closed yesterday at 21x annualized 3Q13 P/E. NAV at end Dec was $1.224. No dividend declared in the quarter. Latest broker ratings: CS: Downgrades to Neutral from O/PF, with TP cut to $3.35 (from $3.70) Deutsche: Maintains Buy, but with TP cut to $3.43 (from $3.51) UOBKH: Maintains Hold with lower TP of $3.08 (from $3.24)

Still believe in the potential in SATS to grow for the next few years. No dividends declared is a disappointment though.

Tuesday, February 11, 2014

EURUSD Daily Bears Movement ?

Seems like there is a downtrend forming on the EUR USD daily charts. Entered sell order at 1.3667 and this could turn out to be a long hold for this week. Price is still unable to break through 1.3655.  First day of the week is usually quiet, hopefully, the bears will come out to feast when the time is ripe! raWr!

Peace out and may the pips be with all this week.

Update: Was up 30 pips before it went back to the same price I sold. Grrrhmph!

Update 2: Close my shorts at 1.3587 for 55 pips. My sentiment is still short.

Monday, February 10, 2014

Week in Review Episode 1

Here's some updates on my current trading for the week.

Straits Times Index

I have added 25 lots of Charisma Energy @ $0.073 (last close S0.07).

All my counters are in the red except M1. Seems like a good time to add Keppel Corp but i am still contemplating due to the cash that I need to fork out.


As I currently only sleep with the EUR/USD (lol), i had 6 trades on the pair this week resulting in 42 pips profit. This equates to about 11.68% profit for this week! A very bad mistake that I made was leaving the stop loss too close to where i bought the EUR which resulted in myself missing the train spike north. Bad call!

Hopefully, next week will be even better!

Thursday, January 30, 2014

Happy Chinese New Year

Heres wishing everyone a Happy Chinese New Year and a good trading year ahead.

On a sidenote, I have closed my short EURUSD for 50 pips profit and may start reloading longs again.


Wednesday, January 29, 2014

Forex & SGX Updates

I have decided to close my long EURUSD for a profit of 2 pips at 1.3672 and now the pair is trading at 1.3650/60x area. Kind of pathetic but we just can't force the market to move if it ain't moving. Now let's see what Obama will be speaking on later. Will add longs later when the pair retrace.

The GBPUSD pair is looking good for a down trend but I am still watching it.

Some updates on the SGX. Added 25 lots of Charisma Energy today at $0.073. Market closes at $0.07. In fact I was actually queuing for this counter at $0.07 yesterday but it expired. I believe there is a potential for this stock to move higher.

Gona play some poker now on my ipad.

Peace out!

Tuesday, January 28, 2014


Just opened a long on the EURUSD at 1.3671.  I have my support at 1.362x which is also my stop loss. Hoping to look for a clean move north somewhere on Wednesday or Thursday above the 1.38x area.

Chinese New Year is coming and so is the Euro angpow hahaha. No choice as I need to give red packet too.

Trade with care everyone!