I think it won't drop so far to below 3.00, bro,... not even if it's announced that RM Sovereign Bonds will remain inside the FTSE Russell World Gov't Bond Index (WGBI) and oil price increases to $80 per barrel.

Tq for the reminder of my input, plouffle,...

After some numbers released yesterday,... I would like to revise my prediction of the MAS action on October 14 to be : the policy band being re-centred FLAT and NOT downwards anymore (to cater for the slowing economy) AND for the width of the band be made wider to allow more room for mkt-determined movements during this period of volatility.

Let's see,...

Hopefully can predict the trend of the powerful Singapore Dollar !

Yes,.. technical recession,... but not a real recession,... I saw some inflation numbers rose slightly yesterday or the day before,...

Might miss some reports here and there,.. busy everyday,... and soon need to travel for Rights Issue applications too for KDC REIT and Manulife US REIT !

SGX Regco moves to protect us, investors,... hence minimizing Jurisdictional Risks,....

Singapore Exchange Regulation (SGX RegCo) has urged investors and potential investors to be cautious when dealing with shares of Mirach Energy, it said in a filing to SGX Tuesday.

Shares of Mirach climbed 123 percent from S$0.13 on 8 February to S$0.29 on 3 September. After review the trades over that period, SGX found a small group of individuals, who appear to be connected to each other, were responsible for 69 percent of the buy volume, the filing said.

“SGX RegCo is reviewing the trades in Mirach shares and will take the necessary actions, including referring the case to statutory authorities where warranted,” according to the filing.


Edited by adding : Tangkap these people,... make Singapore the best and the cleanest international investment hub for true investors !!!!

This post has been edited by Hansel: Sep 25 2019, 11:15 AM

It's getting expensive to invest in The SGX by the year 2020,....

https://www.finews.asia/finance/29732-mas-t...-september-2019

Well,... the report emerged again in another article,... the same sentence - applies to all open positions. Not queued positions.

Don't know yet, bro,... If we are to take that sentence as reported in multiple articles,... ie 5% on ALL open positions,... then yeah,... I would think your presumption is an accurate interpretation.

However,... I would say this is not reasonable. Let us continue to provide feedback to the authorities for mutual benefits and for continuing to establish The SGX as an effective vehicle in an international financial hub. So many investors worldwide look to invest into The SGX.

Edited to add : One way would be to impose this would be onto new investors only,.... but that's just what I think,...

This post has been edited by Hansel: Sep 27 2019, 09:25 PM

Was very tempted to queue at 1.28 to buy straight-off the Sell Queue, but looking at the trading rate, decided to queue-buy at 1.27 instead.

Struck at 1.27 AFTER 30 minutes !!!

Yes, sorry, did not mention in earlier input,...

Tq bros,... yeah, I saw this too,.... I have quite substantial holdings at avearge price of 1.17. Hence, even if I loaded-up at 1.27 yesterday, my average price still stood below 1.18.

But yeah,.. it would have been better if managed to catch at 1.24 this evening,... but how would one be able to guess that it would reach 1.24 even with 1.31 broken ? I'll buy earlier,... it's okay,... can start to reap the dividends earlier,...

Edited critical grammar errors.

This post has been edited by Hansel: Oct 8 2019, 06:36 PM

Yeah bros,... thing is,... TA is good for trading and for traders.

For income investors like myself, I never used TA much,... unless of course, I am doing forex. Even then, I would hold on to currencies which are good, and buy in when I see a short term dip !

Okay,... if a counter is good, it;s worth a long term hold, hence even if the price keeps falling, we can just hold-on to it. Having a good dpu will support a REIT.

To keep in line with current economic conditions, MAS may tilt slightly the policy on Monday at its MPS Meeting from what it was at last year's mtg. The band may not need to be flattened totally. But it may be widened to allow more movements, letting the SGD weaken with mkt forces.

This is provided there are no more major negative news from now till Monday morning.

Let's see.

This would be one move, bro, to sell when there are uncertainties.

But for myself, this being a good REIT, I would think if I sell, AND the price does not drop to my earlier Buy price or below it after I sold-off, I will not be able to buyback with a good yield anymore. I would ask myself : is this a risk I am prepared to take ? Or,... is there a better REIT out there which I can go for and never look at this REIT anymore if it does not drop back ?

If I am a cap gain investor, then yes, I would take my profit now because the price can't go up anymore in the short term. In short, 'untung' already...

But as an income investor, I would look at the future viability of this counter in my income portfolio.

Bros,...

In the Msian Budget yeterday, I did not hear of any incentives announced for Malaysian REITs. Did you guys hear anything ?

In SG, we were looking at Changi REIT earlier, which was shelved. Then in The Msian Budget 2019, they were talking abt an Airport REIT.

Any mention of the above yesterday please ?

Yeah bro,... tq,.. appreciated your info. I saw this too on a PWC doc,.. it's on the same pg for Budget 19 incentive. The other thing is there is no mention of an Airport REIT this time.

The above prediction looks right from the policy band being tilted down slightly, BUT it was not re-centred, and neither was the width of the band widened !

Things is, bros,... look at the movement of the SGD vs other currencies now,... did it weaken ? But of course, many would argue, it is still early days,...

In spite of the Ringgit having two factors 'supporting it' this morning,... one is the good Budget last Friday and the easing of the SGD this morning,.. this is how it is behaving now,....

https://finance.yahoo.com/chart/SGDMYR%3DX#...XRlIn19fQ%3D%3D

Still early, perhaps,... however, the knee-jerk reaction is not encouraging,...

Yeah, bro,... I know,... when I saw the way the USDSGD graph dropped this morning upon ann't at around 8+ am, it caught my eye a bit,.. but well, I've said previously that it doesn't easily weaken the SGD,...

But well,... some analysts will hit us in the face now and say it's still early days,.. but I say on my part again : the knee-jerk reaction is NOT encouraging.

I would prefer for the SGD to ease a bit in these times,....

If the width of the policy band was narrowed on top of the slight tilting down this morning, it would have forced the SGD to ease,...

JMHO.

Another effort by SGX RegCo to look after worldwide investors' returns,...

https://www.theedgesingapore.com/news/regul..._eid=89d8698c85