Beat you to it, my friend,... hoped you huat,...

china is really giving worldwide investors and punters a wild ride.

the cb u-turn appears to have provided some calm at open.

crude, dow futures also trended up at china open.

gotta watch a bit closer as it is capable of 3-5% swings on any day.



and this, if it kicks in, will give it another wild ride:

The SGX TRACKS the CSI300 closely ! Close observation this morning,....

Nymex and Brent Crude Oil seems to track the China CSI300 too ! But how strong is the coupling ? Can't tell from my program,....

Caught quite a number of lots of KepCorp today at $5.80.

so confident ? Ur part of averaging down Or u predict it will rebound so soon ?

YCK,...I appreciated your question, and you are very right in asking such a question.

I'll try to explain my rationale in the best way that I think I can : What I buy today may not reflect accurately, the justification for this decision down the road, if KepCorp plunges further. And, if KepCorp goes up (for which I think it wouldn't last), I still would not sell, for I am a longterm investor, for the income and the cap gain.

In the short term, I would need to buy strong and stable companies, because having my SGD sitting there in the bank account does not make sense.

I would rather earn the dividend from KepCorp, no matter how little, and continue to accumulate KepCorp as time goes by. The earlier I buy from KepCorp, the earlier that I would start to earn its dividend. This decision would be sound, IF KEPCORP DOES NOT DIE.

I really don't know if KepCorp may plunge all the way down to $3.50 in 12 months' time,... be if it does, so be it then,... I will continue to hold. I will continue to earn its divdiend as the years go by. I would carry the conviction that KepCorp will not go into liquidation, for KepCorp has many sectors of businesses that will hold it in times of trouble.

And no, I will NOT regret if KepCorp plunges further and I did not wait longer to try to get into a better price,...it's okay, I'll start to earn my dividends earlier.

And I will start to reap other advantages of owning KepCorp earlier, rather than waiting and waiting and trying to buy KepCorp at the bottom. I have come to the realization that I cannot predict the bottom,...so I must buy the CORRECT type of counters in times like these, rather than waiting and waiting for the bottom and letting my SGD sit in the bank idling.

I would appreciate your debate and disagreement if you have any,...or anybody's, for that matter. Perhaps I am wrong in thinking like this ??????????

As we ponder the above posting of mine, I append below another writeup on the SGX' governance to protect investors, and more importantly, to protect the public in four Asean nations from possible haze problems in future :-

January 7, 2016:

The Singapore Exchange (SGX) is moving forward in requiring Singapore-listed firms to report their economic, environmental and social impact. As part of this exercise, the bourse is seeking public commentary on the proposed rules and guidelines that publicly-listed firms will have to follow in publishing these reports.

The exchange’s announcement marks a shift from the regime of voluntary sustainability reporting, which has been in place since 2011. According to the bourse, it intends to implement these rules on a “comply or explain” basis from December 31, 2017, onwards. In these reports, the firms explain and account for how they manage material risks and business opportunities associated with economic, environmental and social factors.

In a statement, the SGX explained: “Sustainability reporting complements financial reporting with the environmental, social and governance (ESG) aspects of business and strategy, to give investors better insight into the companies they invest in. This enables investors to more comprehensively assess a company’s prospects and quality of management. The increased disclosure enhances transparency and builds investor understanding and trust over time.”

A survey by the bourse in June 2015 indicated that 90 per cent of institutional investors considered ESG factors in their investment decision, with the “comply or explain” approach to sustainability reporting granting firms a “latitude of reporting in the way which best suits their industry and circumstances”. With the public consultation open until 5 February 2015, the Singapore bourse is proposing to grant each corporation five months after the end of each financial year to publish their sustainability reports.

Firms not reporting the required components must explain the rationale behind non-compliance for reporting and why certain factors are considered by the firm as irrelevant. “Sustainability reporting builds on transparency and governance for which Singapore is internationally recognised. It addressed investor demand for quality returns and gives companies the opportunity to differentiate themselves,”stated SGX chief executive Loh Boon Chye.

This new move is expected to impact close to 800 primary-listed corporates across the Mainboard and Catalist secondary boards, with these additional compliance increasing reporting costs for companies. However, according to the SGX, this may allow firms that engage in sustainability reporting to connect with new investor groups who include sustainability practices as part of their investment thesis.

Coming in the wake of the Paris climate deal that saw China taking an international leadership role and committing to several initiatives, its direct relevance lies in the fact that many corporations involved in the palm oil value chain are listed on the bourse of the city-state. The razing of the rainforest and resulting haze impacted the region, with countries like Thailand, Malaysia, Singapore and Philippines suffering from the impact of the haze.

The move to make sustainability reporting compulsory is part of a move to constrain and hopefully restrict palm oil firms, increasing the stringency of current due diligence and discourage such destructive behaviour by these firms.

SGX Special Adviser Yeo Lian Sim, said: “What sustainability reporting does is to have more information about the environmental, social and governance aspects of the company, its opportunities and its risks that have effect on the company business performance. So to the investor with this information, it enables a more in-depth analysis of what is coming in terms of the company’s performance and you’ll also be able to assess how good the quality of the management is.”

STI dive another 2% in the morning...

All the gurus... what view on that???

Kepcorp drop to 5.55...
Sembcorp Industries drop to 2.67
Capituland drop to 3.07

all sgx is deep red today...

reading these, it looks like more to come.

http://www.cnbc.com/2016/01/10/goldman-sac...to-persist.html
http://www.cnbc.com/2016/01/10/asian-stock...orries-oil.html

worldwide stocks down, oil down, commodities down, all but 2 currencies down.

i see only 2 things that stay high or going higher - USD and YEN.

This post has been edited by AVFAN: Jan 11 2016, 11:07 AM

so buy JAPANESE REIT?

that, i can't say.

very temtpted.. coz really red.

even if share price down.. dividends payout remain the same plus minus right? unless there is a shift in tenancy or disposal of property.

Good evening all...

KepCorp has plunged again to 5.55. Bought at 5.80 last Friday,...

It's okay, I'm hoping to start buying-in slowly asap. My charts tell me that the next main support level is around 4.85 to 4.90, since 5.80 has been breached,...ignoring the removal of circuit-breakers in the CSI300 market.

This was how I did it back in 2008.... The time has come again, it's a repeat of 2008 again,....but buy-in slowly. NOT all REITs will maintain the DPU even after the price has dropped.

Hence,... select only the REITs which have been mispriced by the market after their prices dropped. Study the fundamentals closely....

After selecting carefully, buy when a strong support level has been reached. Start earning the dividends earlier,...

There are talks that the MAS may need to lower the NEER Band of the SGD soon, if the price of oil continues to drop and China continues to give problems. If the NEER Band is lowered again (the last time was in Oct 2015), the SGD may correct downwards in the near term.

But how long will it stay low against our MYR ?

Bought 100unit KEP CORP 5.31... test test... Suppose to wait till 4.80. but hand itchy.

Closed at 5.16?

Looking like 485 could be quite soon

haiz.. ya lor.. 1st time i try buy 100 units. This knife very sharp!!!

i'm selling my singtel.

net of 2 rounds of dividends, small loss.

sgx looks weak, worldwide also weak.

better hide under reits or keep usd.