I am Malaysian and currently holding PR in Singapore. Erm... It is getting difficult to get a job in Singapore if you are not PR/citizen as compared to 2-4 years ago.
Especially now is SGD1 = RM2.5
A friend of mine just graduated from one of the well-known University from Malaysia and major in Marketing. He has been trying very hard to find a job in Singapore in past 3 months until recently recruited in a small company with only SGD1.4k per month.
But to me, he is the lucky one as I remember that when I just graduated from oversea and entered into a Malaysia local audit firm for only RM1.4k. Hahaha
Because by next year, inflation will hit thru the roof with their expensive workforce and slowing global economy. Encouraging data currently out from US and China, but is this just window dressing til year end?
No worries, Singapore mas will monitor the inflation rate and maybe sgd will be even stronger to curve the inflation which is good for ppl who working in singapore. Malaysia's tool for inflation is using interest rate but Singapore MAS uses currency. The sgd will be stronger for sure.
I borrow housing loan in Singapore and the interest rate for year 1 is only 0.8% and second year is 1.5% 3rd year 2.5%. But the fixed deposit rate here is less than 1% hahaha
Read this "The last date and time for acceptance and payment of the Rights Issue as well as the last date and time for excess Warrants application and payment is at 5.00 p.m. on 5 November 2012 "
It explained why the price went up last friday to attract ppl to pick up the rights issue.
Small volume today and seem this counter will drop further for this week.
In order to list Borsig on SGX,the Borsig's result must be profitable. Just think what will you do "if you were a director, who wanted to list your company in the exchange with higher IPO Price". Of course - To show how good the company's profit/future is.
Someone panic today, sold at 50 sen at 9.00am! In a way, it's good, so that those who subscribed to Rights can't sell at this price. Force to keep it until 3Q result out.
Erm.... I think the selling is not panic instead to push down the price for accumulate. Since KNM right has been over subscribed by 31.45% and so there is a possibility that fund managers push it down to accumulated since the application of excess rights issues might not be sucessful..
If you notice, the push down is fast to 50 cents but soon push up to 51.5 cents.. and quarterly results might announce soon so I might re-entry today for contra.. this counter always push down seriously then followed by a big rebounce later... rebounce could be this or next week.
I believe the company will announce quarterly result today or monday and push up the price up to btw 54 to 57 cents... 20 Nov 12 is the listing date of rights securities and there will definately has selling pressure as ppl who regretted to pick up right issue will start selling down the shares once right converted to mother shares on 20 Nov.
So release the result on today or monday will push the price higher for ppl to sell down on 20 Nov
Borsig should announce a good set of results IMO enroute to listing in SGX next year. But is it enough to taper off the bearish sentiments? Analysts seems to think some positive results but will not be as the last two quarterlies! All the KNM experts' opinions please!
Net profit RM50m but revenue only RM600m.... You should know the Q2 2012 results are Revenue RM586m ad net profit RM34m.... Your prediction is really with no basic....
I am not holding KNM shares, just using it as a case study. I think bearish sentiments still prevails with so many warrants still not-in-the-money yet. The rights issue proceeds are to be used to pare down debts only and the question is, what's next? Gearing ratio will still be high thereafter and analysts houses are predicting they don't see earnings enhanced anyway yet. Hope the best for the rest of KNM holders. Traders are not helping their cause!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
WWH33
285 posts
Posted by WWH33 > 2012-11-02 15:07 | Report Abuse
pressing down already!!!