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Thursday, October 28, 2010
Rich Girlfriends and AIA Asia IPO
AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its IPO at the top of its range. The pricing of the IPO, likely the world's third biggest, comes as new listings proliferate in Asia. The AIA IPO is expected to generate up to $355 million in fees for banks involved in the sale.That's not the big news, not even Kuwait's $1bn investment in the IPO. There were some juicier news about some of the other IPO bidders.The Standard / Mandy LoThursday, October 28, 2010 Two girlfriends of tycoon Joseph Lau Luen-hung each plonked down a whopping HK$5.6 billion to grab a massive share of insurer AIA Group's retail tranche.The big-ticket...
Tuesday, October 26, 2010
How Do You View Kuchai Developments
Look at the chart. If you peruse the financial results, no one would bother with the company. Companies like Kuchai should not be listed anymore as its an asset holdings company. The good thing is bulk of the assets are now valued on the upside of their respective cycle. It might be a good time to finally cash out. Not that the owners need the money, the family is one of the richest in Singapore anyway. But its time to streamline their holdings. To note, the company owns a shophouse at Emerald Hill Road, Singapore. In addition, KUCHAI has a 26% equity stake Sg. Bagan.Sg. Bagan owns and cultivates approximately 2,600 acres of oil palm plantation...
Monday, October 25, 2010
How To Spot A Good Trade - Part 5
Yes, haulage, containers, shipping, vessels ... all are still struggling to recover from slowdown. Hence if you point to someone about a stock in those industry, its not going to generate much enthusiasm. I know zilch about the stock, but managed to gather 6 different research reports on Alam Maritim (all issued over the last 2 months).I looked at the chart after seeing a significant jump in volume, which, if you go back 12 months, you would not find a similar jump. Then there is the news submitted by the company on an MOU signed with Yayasan Sabah. OK, now got to check if there was a run over the past few weeks so you are not trapped by a sell...
Forum For Technical Chartists
Just doing my friends a favour here, if you are technically inclined, if you have lost hope on reading/predicting the markets via fundamentals ... this may be for you.Day 1- Schedule Here is the proposed schedule for Day 1, Saturday, Oct 30, 2010 Please come early to register and pay at the door. We expect a large crowd on that day. A 2-DAY EVENT FOCUSES ON KLSE STOCKS, FKLI FUTURES & COMMODITIES AND U.S MARKETS. Day 2- Schedule Here is the proposed schedule for Day 2, Sunday, Oct 30, 2010: A 2-DAY EVENT FOCUSES ON KLSE STOCKS, FKLI FUTURES & COMMODITIES AND U.S MARKETS. There are 3 types...
Sunday, October 24, 2010
Kuan yew's Oktoberfest With Spiegel
SPIEGEL's Interview with Lee Kuan Yew "It's Stupid to be Afraid"Singapore's first-ever prime minister, long-time government head and current political mentor Lee Kuan Yew talks about Asia's rise to economic power, China's ambitions and the West's chances of staying competitive.SPIEGEL : The political and economic center of gravity is moving from the West towards the East. Is Asia becoming the dominant political and economic force in this century? Mr. Lee: I wouldn't say it's the dominant force. What is gradually happening is the restoration of the world balance to what it was in the early 19th century or late 18th century when China...
Saturday, October 23, 2010
The Miele Guide, Asia's Best Restaurants
Following is a list of Asia's top 10 restaurants, according to The Miele Guide: 1. Iggy's, Singapore 2. L'Atelier de Joel Robuchon, Hong Kong, China 3. Robuchon a Galera, Macau, China 4. Jaan, Singapore 5. Antonio's, Cavite, Philippines 6. Mozaic, Bali, Indonesia 7. Zuma, Hong Kong, China 8. Cilantro Restaurant & Wine bar, Kuala Lumpur, Malaysia 9. L'Atelier de Joel Robuchon, Tokyo, Japan 10. Caprice, Hong Kong, ChinaSingapore restaurant Iggy's reclaimed its crown as the top dining spot in Asia in the third annual...
Friday, October 22, 2010
Thursday, October 21, 2010
Lion Forest Industries, Exceptional Deep Value, Unlocking Value At The Same Time
Below was the posting on Lion FIB back in 24 August 2010. Lion Forest Industries Bhd, a Malaysian timber and building materials supplier, rallied to a 40-month high in Kuala Lumpur trading after saying it plans to sell its Silverstone Bhd unit for RM462 million. Can people do the math? The number of shares is 250m, hence the sale is worth RM1.84 per share. Realistically, its Silverstone tyres is a tough business. The disposal is to Japan’s Toyo Tire & Rubber Co Ltd. Correction here as they have sold their Sabah Forest Industries in 2007.In FY10, the tyre division turned in revenue and EBIT of RM578mil and RM46mil, respectively. This paves...
