The Trading Floor - June 2018

Discussion in 'The Trading Floor' started by Amator, May 31, 2018.


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  1. nottibird

    nottibird Moderator

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    Mindful if one is SHORT.
    If LONG... no issue lah.
    But I am not seeing window dressing in any of the counters I play.
     
  2. sotong11

    sotong11 Well-Known Member

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    morning snipers..

    Noted... I am watching DBS now... n queuing small lot size and see how it goes ...

    yes ... hopefully can help to cover the loss
     
  3. plutus2

    plutus2 Well-Known Member

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    Good morning snipers.. its QUARTER end, please be mindful
     
  4. nottibird

    nottibird Moderator

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  5. nottibird

    nottibird Moderator

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    Sis Starshine,

    If you happen to come in to see this... BUY DBS.
    Watch her for the turn.
    Last High was 31.28.
    Last Low is 26.82.
    She has been hovering at 26.82 to 27.52 last week during which she could not break below 26.82.
    We could be looking at her bottom just that we dunno yet. Until she goes back to above 28.00 by which time we would have missed one dollar.
    So watch her for the turn and get ready to JEEP. Once she turns, she will head back towards 30.00 and higher.
    From 27.00 to 30.00, every 1000 shares you have you will make an estimated $2700 nett.
    If you can, buy slowly and add on the way up say 20 to 40 lots or more.
    And once her recovery is underway, you must scale up your position by adding more to capitalize on your winning position.
    When a stock is falling, we have no problem finding the bola to add more positions to average down.
    But yet when a stock is rising, we dare not add. Funny isn't it ? That add on the way down...is adding more stocks to a losing position and yet we dare.
    And then when it comes to adding on the way up, we dare not when we are adding more stocks to a winning position. Irrational beings we are.
    Buy and ride her up. Coz in August, she will report another set of stunning results and probably declare higher dividends than August 2017 when she
    paid shareholders 30 cts per share. Last May she paid 30 cts. This May she paid a whopping $1.10. So this Aug, she is gonna surprise shareholders
    with a dividend of say 60 cts? And for that, we will have to wait till early August.
     
  6. nottibird

    nottibird Moderator

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    Sis sotong...

    Buy DBS to recover your loss in the stupid SinkTel.
    I think she may have bottomed out at 26.82 and is now ready to rock n roll back to 30.00 first and then revisit Last High at 31.28.
    I already started buying yesterday. When she is back at 31.28... if I can LOON until then, I will make around 91k.
     
    koaladreaming likes this.
  7. sotong11

    sotong11 Well-Known Member

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    sob sob... n angry ...:mad::(
     
  8. nottibird

    nottibird Moderator

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    This one will bounce as we move towards 26 July 2018.
    But dont expect a big bounce.
    Last High was 3.58.
    Dunno can reach 3.50 or not.
    Coz she fell by too much.
    If she had managed to hold on to support at 3.30, then her dividend bounce would have a better chance to see 3.60.
    But she fell to 3.10. So upside is now adjusted lower to say 3.40 ? This one HAI sibeh chway lung.
    This once upon a time fund manager's darling...people now Phwee Chow Nua leow.
     
  9. plutus2

    plutus2 Well-Known Member

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    Sing and Tell is looking like SINK and TELL
     
  10. plutus2

    plutus2 Well-Known Member

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    good morning .. its Friday!
     
  11. nottibird

    nottibird Moderator

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  12. koaladreaming

    koaladreaming Well-Known Member

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    Thx Bro. Deeply appreciative of your view. :)
     
  13. nottibird

    nottibird Moderator

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    I bought at 3.11 yesterday and added at 3.07 today.
    But I guess that...is something which you, Dai Lole, already know. aa1a (16).gif


     
  14. Amator

    Amator Well-Known Member

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    SINGAPORE (June 21): Despite the US and China having agreed to back down from imposing tariffs in May, the Trump administration has gone ahead to slap a 25% tariff on up to US$50 billion ($68 billion) of Chinese products.

    In retaliation, China last Friday to respond with a 25% tariff on US$34 billion of US goods which includes soybean.

    Since the announcement, US soybean, soybean meal and soybean oil prices have declined by 4.6%, 3.4% and 4.3% respectively from the prices recorded on June 14. Soybean futures also plunged to their lowest in more than nine years to US$8.415/bushel on June 19, according to Reuters.

    In tandem, crude palm oil (CPO) prices declined further to a new low of US$577/tonne (RM2,307/tonne), plunging 23% from the peak of US$754/tonne (RM3,348/tonne) in Feb 17 and falling 2.0% ytd.

    In a Thursday report on the plantation sector, lead analyst Leow Huey Chuen says the further drop in CPO prices could be due to concerns on weak exports. According to Societe Generale de Surveillance, Malaysia’s palm oil exports fell 10% m-o-m to 498,270 tonnes in June 1-15, and palm oil exports to China and the EU were down the most at 39% m-o-m and 37% m-o-m respectively for the period.

    Last year, China imported about 33 million tonnes of soybean -- or 34.4% of its total soybean import -- from the US. If the import tariff on soybean imports from the US materialises, China will need to buy costlier soybean from Brazil and Argentina due to insufficient supply in the market.

    Leow says China's domestic soybean meal prices and soy oil prices will increase as well to reflect the temporary tightness in soybean meal and soy oil supply due to the soybean shortage. The increase in soy oil prices could lead to demand switching to palm oil from soy oil as both oils are close substitutes.

    In addition, further weakening in CPO prices has resulted in a CPO-gasoil price differential (PO-GO spread) of –US$72/tonne currently versus +US$274/tonne on Jan 20 16. This means cheaper CPO prices have made the biodiesel programme more financially viable.

    Indonesia’s domestic biodiesel blending has high chances of exceeding its initial target of 3.6 million kl as discretionary blending is also picking up now that palm biodiesel is cheaper. Biodiesel exports from Malaysia and Indonesia are also gaining momentum and, based on channel checks, there are biodiesel shipments going into China’s market as well.

    In conclusion, Leow says impact on Wilmar’s soybean crushing operation in China is difficult to quantify, with the timing of purchase of raw materials and sales of end products being crucial factors. However, if the timing is right, Wilmar could benefit from the sudden rise in soymeal prices in China now, adds Leow.

    “The higher biodiesel demand and potential switch from soyoil to palm oil in China could be positive to CPO prices in the longer term. Maintain ‘market weight’,” says Leow.

    As at 12.27pm, shares in Wilmar are down 7 cents at $3.05.
     
  15. nottibird

    nottibird Moderator

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    Get ready to buy DBS on dips below 27.00.
    Last Low was 26.35.
     
    koaladreaming and sotong11 like this.
  16. plutus2

    plutus2 Well-Known Member

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    good morning snipers
     
  17. nottibird

    nottibird Moderator

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  18. nottibird

    nottibird Moderator

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    Thanks Dai Lole.
     
  19. Amator

    Amator Well-Known Member

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    SINGAPORE (June 20): OCBC Investment Research says Singtel’s guidance for dividends to be maintained at 17.5 cents for FY19 and FY20 signals a stable cashflow outlook despite the competitive pressures.

    Management intends to keep traditional carriage revenues flat over five years as voice-to-data substitution continues, but aims to grow digital and enterprise revenues as a proportion of consolidated revenues from 24% in FY18 to 50% by FY23.

    Meanwhile, Singtel’s core markets of Australia and Singapore continue to face competitive pressures in the consumer segment with the impending entry of TPG in both markets.

    However, Singtel will continue to differentiate itself by better customer experience and offering innovative offerings such as handset leasing plans as well as exclusive handset deals. Singtel is also digitalising its operations to lower costs and improve customer experience.

    For Optus, management expects the initial competition from TPG to be milder given that TPG will launch with data-only mobile plans for the start.

    That said, having seen a strong FY18 which saw the addition of 384,000 customers to its subscriber base, Optus will continue to differentiate based on customer experience and premium content among others.

    In addition, holding the most 5G spectrum relative to its competitors, Optus intends to leverage on this advantage and launch 5G services in 2019, ahead of its peers.

    “We maintain our fair value estimate of $4.10 on Singtel,” says lead analyst Eugene Chua in a Wednesday report or 18.3 times FY19F earnings of 22.4 cents.
     
  20. nottibird

    nottibird Moderator

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