No one knows how much of the escrow accounts are available once all the claims is completed.

The guaranteed payment and dividend = 1.07. Any extra after that will just be a bonus.

Can name me some largest caps. I also wan board d big ship.

Now can still boarding d boat?

Lol.. the calculation is all there for everyone to see. You have to consider to take risk or not only.

Current price is 1.10

If escrow account is not used AND 1/4 of 2016 dividend is paid you will earn 7.45 cents

If escrow account is 50% used and 1/4 of 2016 dividend is paid you will earn ~3 cents

If escrow account is empty and 1/4 dividend is NOT paid you will LOSE 3 cents

So consider the above.. and waiting time is about 6 months to completion

This post has been edited by gark: Mar 1 2016, 02:21 PM

at 1.10.. i dun think so... too high risk

I noticed that the dividend payout does not seem to be consistent. In 2013, it paid out only once, paid in April, right ? Secondly, it's really a penny share, only 13.2 Cts per share. Share price is at an all-time low now,... What we need to be careful of is if all retail investors may dump the shares at any time in future, causing the public float requirement to be breached.

Then,....the SGX may force the counter to delist.

On the positive side, if the yield can be maintained at close to to 20% (as in 2015 payouts), then you will need only 6 years to breakeven your purchase price, which is a very short tenure. Looking from this angle, it is worth a gamble. And even if the share price falls by 20% this year, your dividend collected would be enough to cover the paper loss.

The SG Banks and Keppel Corp for me,... I'll buy-in slowly for KepCorp though...

u already know which thread to read...

Hmmmm..abandoned the thread. Coz that time market is bloody red.

SPY QQQ XLV xle-oih-slb

Can u paste link for us shares discussion v8 here?

Still finding the link....

This post has been edited by prince_mk: Mar 1 2016, 11:11 PM

Ocbc alrdy 8++. Still can go in?

How abt US market ?

Are investors starting to not care about China?

Seema Mody | @SeemaCNBC


The news out of China, bad or good, just doesn't seem to have as much bite anymore.

Sure, downbeat Chinese economic data on the first day of trading in 2016 ignited a global market sell-off. But as the year has worn on, the impact is diminishing.

Tuesday's disappointing manufacturing data showing activity at Chinese factories in February contracted and was at the lowest level since November 2011 didn't translate into higher stock market volatility or investor angst. In fact, U.S. markets surged as traders' focus turned elsewhere.

Read More› Activity at China factories slows again

Similarly, news to start the week that China's central bank was cutting reserve requirements failed to generate a rally, as monetary easing otherwise might.

So is the U.S. starting to decouple from China? Are investors less concerned about China's slowdown?

The answer is complex.



Market pros care immensely about China's economy but less about the moves in the Shanghai composite, which is seen as erratic and volatile and more about the country's management of its currency.


Indeed, near-term stability in the Chinese currency and improved communication from the central bank has allowed U.S. investors to worry less about the China story.


The recent communication from the People's Bank of China seems to have assuaged fears of a yuan devaluation. At the G-20 meeting in Shanghai, PBOC Gov. Zhou Xiaochuan tried to instill confidence among fellow policymakers and world leaders that China would not embark on another currency devaluation to support its economy.

Those comments got the nod of U.S. Treasury Secretary Jack Lew who post-G-20 said that the risk of a devaluation has been "greatly, greatly reduced."

Read More› China central bank cuts reserve requirement ratio


"Markets are willing to look on the bright side and give authorities the benefit," said Richard Kelly, head of global securities at TD Securities.


That's an important attitude switch, given the impact previous Chinese actions have had on U.S. markets, with the fall in China's markets in the second half of 2015 sending the U.S. into a tailspin.

Data from Kensho reveal that on days when Chinese stocks fell 4 percent or more in 2015, the S&P 500 on average lost 1 percent in the following trading session as a big move in the Shanghai composite would spark fear among traders in the U.S.


However this year, wild swings in the Chinese equity market haven't warranted the same outsized reaction in U.S. stocks. In fact, while Chinese stocks have remained just as volatile in 2016, the response in U.S. equities has been less pronounced — averaging a 0.6 percent drop.

Read More› South Korea's FinMin says China will manage soft landing


Experts say it's a combination of markets becoming immune to weak Chinese data and bad news being seen as good news for stocks.


"Soft economic data out of China increases the likelihood of further stimulus from the Chinese central bank," said Sameer Samana, global quantitative strategist at Wells Fargo. "It may actually lead the Federal Reserve to be on hold this year as well."

In the past, Fed Chair Janet Yellen has referenced China and international developments as headwinds for the U.S. economy.

"The risk of stronger Fed hikes have diminished and the PBOC is doing all it can to prevent a stronger collapse in markets," said Simon Quijano-Evans, Commerzbank's head of emerging markets research.


The question is whether this will last. A growing number of economists in Beijing say the effectiveness of China's monetary policy will continue to be questioned if the country's economic data do not start to improve. A lack of evidence of China's economy turning around by the end of this year could result in investors losing faith in China's central bank and its monetary tools.

That "could be the reasons global markets didn't cheer China's (reserve rate requirement) cut announced" Monday, Samana said .

A number of skeptics are already questioning the credibility of European and Japanese policymakers as both places deal with tepid economic growth despite the aggressive measures (including negative interest rates) being used by their central banks.


Absence of a rebound in China's economy will likely fuel currency devaluation concerns.

At some point China may have to allow its currency to gradually depreciate, according to NSBO Bank. Wall street currency analysts on average are betting on a 7 percent drop in the yuan from current levels by year-end.

"Not a one-off devaluation like the one in August. More of a slow, measured, weakening," NSBO's Chinese research analyst Duncan Wrigley said of a possible devaluation scenario

In the meantime, China watchers will look to the the National People's Congress meeting this weekend where high-ranking officials will discuss Chinese laws, regulations and policies.

NSBO's head of research, Oliver Barron, said markets have been looking for changes to China's securities laws regarding the initial public offering regulation process. Any shift will have to get the approval of the NPC. The congress will also approve China's five-year plan for 2016-2020.

Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.

http://www.cnbc.com/2016/03/01/are-investo...bout-china.html

today dbs and ocbc explode liao...

China, the CANARY in the mine?

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Official and Caixin factory activity gauges slow again in Feb, underlining need for RRR move

Twin gauges of Chinese factory activity revealed slowing growth in February, underpinning the case for more monetary stimulus a day after the country's central bank moved to improve liquidity conditions.
Output from large factories contracted for the seventh straight month in February, a government survey revealed on Tuesday. The official manufacturing Purchasing Managers' Index (PMI) came in at 49.0, below Reuters forecasts for 49.3 and January's reading of 49.4.

A number below 50 points indicates a decline in factory activity, while one above suggests expansion.

But Chinese government data has long been taken with a pinch of salt so when it comes to assessing the state of factories, investors tend to gravitate towards a private gauge that tracks smaller and medium sized firms, known as the Caixin manufacturing PMI.

Released 45 minutes following the official report, February's Caixin reading edged down to a five-month low of 48.0, versus 48.4 in January.

"Companies that reported lower output generally cited weak market conditions and reduced intakes of new work. Furthermore, total new business declined for the eighth month in a row, albeit at a modest pace that was similar to January," Caixin said in a statement, adding that the decline in production was the quickest seen since September.

Asian equity markets were mixed following both surveys, while the Australian dollar—widely considered a proxy for China plays—dipped as much as 0.4 percent to $0.7105 U.S. cents.

The weak PMI results were partly due to seasonal effects. Much of the country was closed for the week-long Lunar New Year holidays last month and some analysts believe markets should wait until March to get a more precise picture of Chinese production.

"Anytime during the first quarter, we tend to overlook these figures....It's hard to interpret from one single data point how China's economy is doing," Ken Wong, Asia equity portfolio specialist at Eastspring Investments, told CNBC.

But a look at the breakdown of Caixin's survey still revealed cause for concern, pointed out Pu Yonghao, partner and chief investment officer at Fountainhead Partners, which has around $600 million assets under management.

Sharp falls in new orders and the employment index were especially worrisome, he said, with manufacturers shedding jobs at the fastest pace in seven years.

This is part of a larger employment issue that is becoming apparent as the economy stalls. Beijing said on Monday that 1.8 million coal and steel workers will be laid off from state-owned enterprises as the government addressed over-supply in those areas. The job cuts will now put those workers in competition with other unemployed Chinese for private-sector roles.

"China's economy is going to continue struggling. Aside from boosting real-estate demand in tier-one cities, authorities are going to find it difficult to manage this downward trend," Pu said.

147518478FL00007_Chinese_En
Feng Li | Getty Images
Twin gauges of Chinese factory activity revealed slowing growth in February, underpinning the case for more monetary stimulus a day after the country's central bank moved to improve liquidity conditions.
Output from large factories contracted for the seventh straight month in February, a government survey revealed on Tuesday. The official manufacturing Purchasing Managers' Index (PMI) came in at 49.0, below Reuters forecasts for 49.3 and January's reading of 49.4.

A number below 50 points indicates a decline in factory activity, while one above suggests expansion.

But Chinese government data has long been taken with a pinch of salt so when it comes to assessing the state of factories, investors tend to gravitate towards a private gauge that tracks smaller and medium sized firms, known as the Caixin manufacturing PMI.

Released 45 minutes following the official report, February's Caixin reading edged down to a five-month low of 48.0, versus 48.4 in January.

"Companies that reported lower output generally cited weak market conditions and reduced intakes of new work. Furthermore, total new business declined for the eighth month in a row, albeit at a modest pace that was similar to January," Caixin said in a statement, adding that the decline in production was the quickest seen since September.

Asian equity markets were mixed following both surveys, while the Australian dollar—widely considered a proxy for China plays—dipped as much as 0.4 percent to $0.7105 U.S. cents.

Henry Paulson
Hank Paulson: China needs to let companies fail
The weak PMI results were partly due to seasonal effects. Much of the country was closed for the week-long Lunar New Year holidays last month and some analysts believe markets should wait until March to get a more precise picture of Chinese production.

"Anytime during the first quarter, we tend to overlook these figures....It's hard to interpret from one single data point how China's economy is doing," Ken Wong, Asia equity portfolio specialist at Eastspring Investments, told CNBC.

But a look at the breakdown of Caixin's survey still revealed cause for concern, pointed out Pu Yonghao, partner and chief investment officer at Fountainhead Partners, which has around $600 million assets under management.

Sharp falls in new orders and the employment index were especially worrisome, he said, with manufacturers shedding jobs at the fastest pace in seven years.

This is part of a larger employment issue that is becoming apparent as the economy stalls. Beijing said on Monday that 1.8 million coal and steel workers will be laid off from state-owned enterprises as the government addressed over-supply in those areas. The job cuts will now put those workers in competition with other unemployed Chinese for private-sector roles.

"China's economy is going to continue struggling. Aside from boosting real-estate demand in tier-one cities, authorities are going to find it difficult to manage this downward trend," Pu said.


Both sets of data will likely reinforce the rationale for the central bank's fresh stimulus moves.

Late on Monday, the People's Bank of China (PBOC) cut its reserve ratio requirement for banks by 50 basis points to 17 percent, with analysts expecting the cut to release an additional $100 billion in liquidity. Monday's RRR cut, the fifth in a year, was aimed at driving lending and consumption as Beijing experiences its slowest pace of economic growth in more than 20 years.

Secondary industry, or manufacturing, is no longer the nation's primary economic engine, but it still makes up 40 percent of gross domestic product (GDP). For the first time, services now account for more than half of the economy at 50.5 percent of GDP, according to official 2015 data.
Separate data out on Tuesday showed China's official services PMI fell to 52.7 in February, from 53.5 a month earlier.

Despite the modest deceleration, the Lunar New Year holiday was seen as positive for the services sector as it boosted holiday spending and domestic tourism, explained Iris Pang, Greater China senior economist at investment bank Natixis.

"We keep our call that the services sector will continue to expand in 2016," Pang said.

—Follow CNBC International on Twitter and Facebook.

http://www.cnbc.com/2016/02/29/china-offic...in-to-come.html

_________________________________________________________

China Feb factory activity shrinks more than expected, layoffs on the rise

Activity in China's manufacturing sector shrank more sharply than expected in February, surveys showed on Tuesday, prompting smaller companies to shed workers at the fastest pace in seven years and suggesting Beijing will have to ramp up stimulus to avoid a deeper economic slowdown.

Some investors had been bracing for weak readings after the central bank unexpectedly eased policy late on Monday, injecting an estimated $100 billion worth of cash into the banking system to cushion the pain of upcoming reforms such as restructuring bloated state enterprises.

The official Purchasing Managers' Index (PMI) fell to 49.0 in February from January's reading of 49.4 and below the 50-point mark that separates growth from contraction. Economists polled by Reuters had expected only a slight dip to 49.3.

It was the lowest reading since November 2011.

"The PMI came in much weaker than markets expected, hinting that recent easing measures have had limited impact in turning around the weakening manufacturing sector," wrote senior emerging markets economist Zhou Hao at Commerzbank in Singapore.

"We think PBoC will cut policy rates by 25 basis points in the first quarter and lower RRR (banks' reserve requirement ratio) by another 100-150 basis points this year."

The private Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI), which focuses more on small to medium- sized, private firms, showed activity contracted for a 12th straight month. It fell to 48.0, below market expectations of 48.3 and January's reading of 48.4.

Both surveys showed conditions in China's job market were continuing to deteriorate, challenging policymakers who are finalising Beijing's next five-year development plan ahead of the annual parliament meeting starting on March 5.

The Caixin report showed companies shed jobs at the fastest pace since January 2009, when China and other trade-reliant economies were reeling from a near-collapse in global trade following the financial crisis.

Firms that reported lower headcounts cited company downsizing and cost-cutting, and said more workers who were leaving voluntarily were not being replaced. The employment sub-component of the index fell to 46.0 from January's 47.0.

The official PMI survey, which tends to focus on larger, state firms, has shown persistent declines in employment for the last 3-1/2 years.

RELATED COVERAGE
› China Feb factory PMI falls to 48.0, contracts 12th month, layoffs rise: Caixin PMI
To be sure, although Markit adjusts figures for seasonal effects, the timing of the long Lunar New Year holiday can make Chinese data in January and February difficult to interpret. Economic activity slows dramatically around the holiday, which falls on a different date in late winter every year.

Still, the findings in the latest surveys have dashed hopes that a year-long blitz of stimulus measures would start to produce signs of economic stabilization early in 2016.

China's factory sector has been under pressure from weak demand at home and abroad and massive overcapacity in key industries such as steel and coal, diluting the impact of six central bank interest rate cuts and a spate of other support measures since November 2014.

Industrial profits fell 2.3 percent in 2015 after rising 3.3 percent in 2014.

Both surveys on Tuesday showed further contractions in domestic and export orders, suggesting industrial output will remain sluggish in coming months.

In addition, some manufacturers in capital-intensive sectors are struggling with heavy debt loads, which are becoming increasingly difficult to repay as they have to constantly cut prices to win sales. Last year witnessed a rash of bond defaults by steel, cement and chemical firms. Chinese factory gate prices fell for the 47th straight month in January.

The government has made cutting overcapacity in steel and other "old economy" sectors a priority this year, though previous efforts have run into strong resistance locally as big firms are often a key source of tax revenue and employment.

China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, but no timeframe was given.

Recent tax changes have also raised concerns that China hopes to export more of its excess industrial capacity abroad, further worsening global gluts of chemical and steel products and effectively exporting deflation abroad.

China's economic growth cooled to 6.9 percent in 2015, the slowest pace in 25 years, and economists see it slowing further to around 6.5 percent this year. Some market watchers believe it is already much weaker than official data suggests.

SERVICES SOFTENING?

A growth slowdown in China's services sector last month was also singled out by analysts as a cause for concern.

The official non-manufacturing PMI fell from 53.5 in January to 52.7 in February, still in expansion territory but the weakest reading since late 2008.

The services sector has been taking up an increasing amount of economic slack as manufacturing cools, but analysts have wondered how long it can remain resilient in the face of the prolonged factory slump and increasing unemployment.

With manufacturing in both a cyclical and structural funk, Beijing has been keen to grow the services sector and make consumption a stronger driver of the economy.

"Today’s data suggest that policy makers will take further measures in the upcoming National People’s Congress in order to achieve a GDP growth target of 6.5 to 7 percent in 2016," ANZ economists said in a note.

"A proactive fiscal policy will be needed to support investments and we expect the fiscal deficit could be increased to a range of 3-4 percent in 2016, from 2.3 percent in 2015" in order to boost government spending.

(Reporting By Nathaniel Taplin and Pete Sweeney; Editing by Kim Coghill)

This post has been edited by prophetjul: Mar 2 2016, 09:56 AM

When I opened my portfolio when I arrived in the office,.. I almost fainted,........ALL GREEN,....HOPING TOMORROW WILL BE A BETTER DAY,...

Please retrace......

Looks like my TA is not accurate. I revised my short term TP for OCBC from $7.50 to $8.00 a few days ago,... and THEORETICALLY, OCBC will hover around 8.00 to 8.150 for these two weeks. Today,.. it has jumped to 8.34 now,....

I have not bought enough !!!!!!!!!!!!!!!!!!!!

I want to throw away my model !!!!!!!!! So much work spent designing it,....

I have to take the stepping-stone approach now, while waiting for the market to dip again. My stepping-stone approach involves buying a company that has a consistent dividend payout policy, is in a net cash position, and has a dividend payout that has not Ex-D'ed yet, in order that I can still collect the dividend in mid-May this year.

I'll collect the dividend first, while observing what the direction the market will go now,... it'a too expensive for me to buy into my targetted counters now.

Better to lose opportunity rather than lose money..

Margin of safety is important..

There will more opportunities in the future, market is roller coaster right now.

This post has been edited by gark: Mar 2 2016, 12:05 PM

Riding high. We can see only while collecting dividend.

Anyone got trade SGX CFD here? 10:1 leverage..