Hope the foreign funds don't sell a tonne of blue chips today.

5 years O_O''. Means your war chest is fully loaded or almost exploding d

Upcoming John Templeton in the making

I think he's aiming for 8.14 and below. Possible to achieve if more bad news/sentiments comes in.

I personally aiming for around 7.50 to 8.00

Fingers crossed and slowly wait. I'm sure there will be opportunities someday somehow or rather.

I see there is potential in Ambank and Affin. Getting cheaper and ripe for potential M&A. Plus also considering disposal plans of ANZ and Azman Hashim's shares.
My opinion is that recent scandals related to this banks should make the M&A a more compelling reason to happen at a cheap price.

http://www.thestar.com.my/News/World/2015/...ctions--source/

Tsipras resigns, paving way for snap Greek election

ATHENS (Reuters) - Prime Minister Alexis Tsipras resigned on Thursday, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece's creditors for a better bailout deal but had to cave in.

Tsipras submitted his resignation to President Prokopis Pavlopoulos and asked for the earliest possible election date.

Government officials said the aim was to hold the election on Sept. 20, with Tsipras seeking to crush a rebellion in his leftist Syriza party and seal public support for the bailout programme, Greece's third since 2010, that he negotiated.

"I will go the president of the republic shortly to submit my resignation, as well as the resignation of my government," Tsipras said in a televised address before he met Pavlopoulos.





Faced with a near collapse of the Greek financial system which threatened the country's future in the euro, Tsipras was forced to accept the creditors' demands for yet more austerity and economic reform - the very policies he had promised to scrap when he was elected in January.

"I want to be honest with you. We did not achieve the agreement we expected before the January elections," he told the Greek people.

"I feel the deep ethical and political responsibility to put to your judgement all I have done, successes and failures."

His decision deepens political uncertainty on the day Greece began receiving funds under its 86 billion-euro (62 billion pounds) bailout programme, five years after a previous government took the first bailout from the euro zone and IMF.

But a snap election should allow Tsipras to capitalise on his popularity with voters before the toughest parts of the latest programme - including further pension cuts, more value-added tax increases and a "solidarity" tax on incomes - begin to bite. This may allow him to return to power in a stronger position without anti-bailout rebels in Syriza to slow him down.

Jeroen Dijsselbloem, who chairs meetings of euro zone finance ministers, said he hoped the resignation would not delay or derail implementation of the bailout package.

"It is crucial that Greece maintains its commitments to the euro zone," he said in a statement to Reuters.

MAJORITY LOST

Tsipras had long been expected to seek early elections in the autumn. But he was forced to move quickly after nearly a third of Syriza lawmakers refused to back the programme in parliament last week, robbing him of his majority.

A leading rebel, Syriza lawmaker Dimitris Stratoulis, hinted that his faction might split formally from the party, declaring a "political and social front which will be anti-austerity, democratic and patriotic".

"It will have as a goal to cancel the previous two bailout agreements and the third bailout agreement that the current government voted for, and to replace them with a policy of growth," he said.

Greece's complex constitution has special stipulations for holding elections less than 12 months after the previous vote, meaning the president should first give major opposition parties three days each to try to form a government.

Conservative leader Vangelis Meimarakis said he would have a go, although the arithmetic of the current parliament means his New Democracy party has little chance of pulling a coalition together.

Meimarakis took aim at Tsipras.

"He is a bit of a fibber. He might be likeable, but he is a bit cunning," he told a news conference. "I feel he is fooling the Greek people, his comrades, and the Europeans ... Did he get a bit too much sun in August?"

Tsipras nevertheless remains popular among his supporters for trying to stand up to the foreign creditors and with the opposition in disarray, he is widely expected to return to power.

A Metron Analysis poll on July 24 put support for Syriza at 33.6 percent, making it by far the most popular party, but not enough to govern without a coalition partner. No polls have been published since then due to the holiday season.

The prolonged standoff forced Athens to shut its banks for three weeks and impose capital controls before Tsipras accepted the bailout under threat of a financial collapse and Greek exit from the euro currency.

The first installment of aid allowed Greece to make a debt repayment to the European Central Bank that fell due on Thursday.

(Additional reporting by George Georgiopoulos, Lefteris Papadimas, Greg Roumeliotis and Toby Sterling, Writing by Deepa Babington and David Stamp, Editing by Angus MacSwan)

Forex for SGD now 2.97. USD 4.18.

GG.com or Habis.com

As of 4.21 p.m

KLCI: 1539.08 (-35.96 -2.26%) Vol:2.222b Val: 1.875b

76 counters up, 966 down, 124 unchanged.

The Red Sea....

Ambank share price went down to 4.17. Something's cooking!

How to know which stock is pure manipulation stock and how they goreng the price?

Bcoz of Singpost and Alibaba? Or are there more candybars?

Didn't check the latest financials. But from what I heard they r incurring a fair bit of expenses for renovation works in genting highlands. Genting in SG doesn't seem to be doing well versus its closest competitor. Not sure about on the progress of the major plans in Vegas. Genting HK recently bought over Zouk SG. Didn't check on genting plantations performance.

I think worth gathering only when the price is within RM4 to 6. But still need to see how they perform versus other companies with similar business segments.

Just took a brief look at Genting's QR.

A few things that I noted:
1. Impairment losses on receivables and PPE is quite substantial. Can we expect more to come in the final qtr?
2. Huge net forex gain. How will this change in the final qtr after US fed increase interest rates?
3. Very substantial net fair value loss on derivative financial instruments.
4. Ratio of total borrowings versus cash & cash equivalents is quite big.
5. Capital commitment figures is quite big too. About the same amount as cash & cash equivalents.
6. From the prospects part, i see a fair bit of the projects being completed or being operational only on end of 2016.

Based on the above, i think Genting needs another year plus to get their earnings growth back in order. So the price range of RM4 to 6 represents a fair bargain to me after considering the above circumstances.

Next 2 qtrs will play an important role to the results since there is Christmas, New Year, CNY and school holidays.
Apart from the above, Genting is still super stingy in their dividend payouts. The other business segments still more time before they can play a major role in the results of the Group. Not keen to study Genting's other listed subsidiaries.

Good luck on Genting.

On Efficen.... I did a bit of digging....

About Singpost's stake in Efficen.. that is super old news. Took place when one of the NED's from Singpost joined the company in Aug 2011. So Singpost prolly invested in late 2011 or early 2012 for strategic reasons.

On the article in I3 of being Alibaba's proxy.. i think that's nonsense.
It is best to figure out what is Alibaba's core biz vs. Singpost vs Efficen.

I can see how Efficen adds value to Singpost but not to Alibaba as I have attended an investors briefing about Singpost, so I know what they do and their prospects.

On a side note, I did a quick check on POS financials and annual report. Seems they still have a far way to go before reaching Singpost's level.

Ultimately, I am more concerned on what is the future prospects of Efficen and how much added value can they further contribute to Singpost. All this amounts to higher revenue, profits and cash.

Anyway, that's just my 2 cents. Too lazy to calculate the fundamentals haha

Go download TradeHero app. Free to test around on most live markets. Enjoy!

Some of this telegram groups are really crazy. 2k members per group.
The whole entire gang is in there, bankers, analyst, retailers...
All it takes is some hot tipsy with the expected trading range .... and the price spikes up 5 to 10% or more easily.

haha not if you mute the group.
I can't tahan my phone getting buzzed non-stop. few hundred to 1k plus of optimistic/goreng messages = no no for me. Too lazy to follow all the news too.

Let's see how if Comcorp can hit 1.40 before Christmas haha
That will be really madness...
I'm also eager to see how fast the stock drops too hahaha

Comcorp by Icon888

He too gungho d.