Why No. 2?

i have some stocks which are cash rich and churning cash to sustain high dividends. 

There are some gems out there with a hoard of cash and free cashflow and with great dividends policy!

Ohh...i missed this post.   

The stock i alluded to was Panamy. It seems the market has always overlooked it.
Cash per share last i looked was approx Rm9.
i have been receiving dividends since i bought in 2009 at MYR9.70. Dividends have paid for my purchase. 
Of course the yield is lower now. But 6% is not too shabby seeing that it's sustainable.

There are reports now going around now that the SGD will weaken till about 1.4416 against the USD (Channel News Asia today),... I have been waiting for such events - they NEVER come.

That's a difference of SGD1600, or MYR4800,...why do you say that you can accept that range without problems ? I would tend to start noticing the difference when the exchange rate starts moving between 1.40 and 1.42...

Hmm,...holding the USD close to my chest, that's what I've been doing,...sadly , have not found any worthy instruments to buy till now. And holding USD cash is NOT really productive.

HSBC has projected the yuan to be devalued further to around 6.7 to the US dollar by the end of 2016.
http://www.thestar.com.my/business/busines...sure/?style=biz

Good morning, AV,..I opine that the SGD has a silent peg to the USD. It wouldnot want to follow the USD too hard with the rate hikes on the cards, but I think if the RMB should fall too low, the SGD certainly wouldn't want to cap itself too much, just to 'please' the RMB. After all, Simgapore does not really depend too much on exports anymore,hence wouldn't need to get into a price war with China.

Against the RM,.. I think the Sgp Gov't has an even lower wish to affiliate itself with. Look at the way the SGD appreciated against the RM this year when the USD hammered the RM,..

Judging from the news these few days and after the US has put in the certainty of a rate hike, I really don't know if the RMB and the RM will drop to previous lows in the near to medium term. Commodity rout/oversupply is still there, but the commodity currencies may have 'decoupled' from the prices of commodities.

Some O&G-focussed counters have started to decouple too.

A good eg to look at is the behaviour of Keppel Corp in the last few days. Oip price dropped the last few days but Kep Corp's price stayed.

i dun think KEPPEL CORP can return to its glory days unless we see a sharp rebound in oil price...
and future, we are seing ELECTRONIC & SOLAR energy powered vehicles.. hence a slow down in being reliant on O&G.
Even simple task like using OIL FOR FRYING (palm oil not crude oil).. IS BEING replaced by AIR FRYERS..

Blood all over today.

Stocks in my radar:
Keppel almost 6, singtel 3.5, sembcorp 2.8 , singpost 1.5, st eng 2.8x

what u shopping today?

sg needs to balance rm and rmb (msia, china largest trading partners) against the usd.

in 1 yr, rmb went 6.2->6.5, rm 3.5->4.3, sg cannot afford not to keep the sgd in check.

sgd/usd movement within 2-3% range is reasonable, can't expect it to be tighter.

the commodities rout is not over, so rm and rmb may move south again. if china growth goes further down, devalues rmb again, sgd will follow suit.

Singapore Dollar's Slide Approaching Band Limit, Barclays Says

January 7, 2016 — 12:18 PM MYT

Currency fell to six-year low as China cut yuan reference rate

Singapore’s dollar slid to a six-year low after China’s central bank reduced its reference rate for the yuan by the most since August. Barclays Plc said further declines are set to slow as the island-state’s currency is probably close to the bottom of the central bank’s policy band.
http://www.bloomberg.com/news/articles/201...t-barclays-says

2008 / 2009 has come again,.......I can officially declare,.... similar sequence of events, conceptually, compared to back then,.........       

No more dillying-dallying the drop anymore....

Sources: China wants quick, sharp currency decline

China's central bank is under increasing pressure from policy advisers to let the yuan currency fall quickly and sharply, by as much as 10-15 percent, as its recent gradual softening is thought to be doing more harm than good.
http://www.cnbc.com/2016/01/07/sources-chi...cy-decline.html

so buy JAPANESE REIT?

Keppel will NOT die. But maybe hibernate for a while.

Yeah

There are lots of excesses built up over the last 8,9 years. They are beginning to unwind. many companies will go under and be eaten up.
Had lunch with my friend just now. Told me Premier oil of UK went from 4 to 0.28 !

Many will have liquidity problems. Shell is trying to rid of its smaller operations in Malaysia presently.
Many mergers will happen. Halliburton wants to merge with Baker Hughes.

Understand Keppel invested heavily in their shipyards the last 5 years. It may weigh on them.

Have some popcorn. Show is just beginning!