ARREIT - in 0.935, out 0.945
2. Today went to POS Office did some mailing stuff. Only two staffs are working !? :( queuing is damn long :(
3. Market seem slowing down again. :( I think better side line tomorrow, as the Sarawak election is around the corner and the volume is low as well. 
4. Congrat !! hng. 
keep profiting every single day.
keep profiting every single day.
14 comments:
depends on which branch you visit. Some are real bad. Less and less people post letter/card (now sms or email or courier) or pay bill (direct debit or pay online). Wondering what is the future of Pos. Maybe is the asset.
I've sold off all hapseng at 5.94-5.96, realize one off loss, further reducing stock holding in portfolio ahead of Sarawak election, avoiding political risk
Ha! bought back again hapseng at 5.88-5.90, realize scalp trade profit instead of loss :)
Make second round of scalp trade on hapseng again, these time bought at 5.83 first , sold at 5.88-5.89 :)
Hi Hng,
Great job on making money again :)
I am currently in deep loss on Lingui bought at 2.17 and Equine bought at 0.55 at the recent peak, and to make situation worst, I have been averaging down and the loss is more than 10% each... May I get your valuable opinion on this?
Btw, what is your opinion on HapSeng?
Thank you for your valuable time!
Thomas SM
Sorry, i've limited idea on Lingui (timber) and Equine (property). Can't comment on both prospect, but timber stock could be on demand due to japan rebuilding, while Equine last time stimulant was from its MD closed related with ex-PM
About Hapseng, as earlier point out, its current share weakness could be due to upcoming 20% private placement. Once the price is fixed, thing will be more clearer on its subsequent right share and warrant exercise price. In short term , i'll still hold on Hapseng as Sarawak election already confirm that BN still retain 2/3 majority, political risk is over, portfolio can increase stock holding next week.
Hi Hng,
Thank you very much for your valuable opinion!
Really appreciate it :)
I am glad that political risk is over.
Thank you again!
Friday 15/4/2011, trading :-
Sold SUNREIT at 1.07
Bought more Amfirst at 1.18
Sold off Hapseng at 5.99-6.04, realize one time loss, but may buyback later for contra gain :)
Bought back all Hapseng at 5.87, realize few k intraday profit :D)
bought CSC steel at 1.71
Bought more Hapseng at 5.82
Sold back today Hapseng at 5.87-5.88, realize few hundred extra intraday gain :)
Portfolio 1:
1. P.I.E: 86% (cost: 4.01)
2. Msniaga: 50% (cost: 2.00)
3. CSC steel 45% (cost 1.714)
4. HapSeng 25% (cost 6.14)
4. Protasco 10% (cost 1.09)
Portfolio 2:
1. P.I.E: 91% (cost: 4.03)
2. Msniaga: 31%(cost: 2.00)
3. Hapseng 20% (cost 6.09)
NEW YORK (Reuters) - Citigroup Inc's first-quarter profit fell 32 percent as bond trading revenue plunged and operating expenses jumped.
The results were better than analysts expected, but the bank's shares were flat in premarket trading.
Citigroup generated profit in large part because it dipped into funds previously set aside to cover bad loans, releasing $3.37 billion of reserves.
Revenue fell 22 percent to $19.7 billion, and operating expenses rose 7 percent, in part because of higher legal costs.
"The numbers look OK relative to expectations, but it's a tough slog. I think the tepid loan growth is just confirmation of the expectations people have," said Michael Holland, chairman of money manager Holland & Co.
Citigroup said it earned $3.0 billion, or 10 cents per share, down from $4.4 billion, or 15 cents per share, a year earlier.
Analysts on average had expected 9 cents per share, according to Thomson Reuters
It is the fifth consecutive quarterly profit for Citigroup, which is slowly recovering after taking $45 billion in U.S. bailouts during the financial crisis.
By the end of 2010, the government had shed its common shares in Citigroup, and the bank reported its first annual profit since 2007.
Like rivals JPMorgan Chase & Co and Bank of America Corp, Citigroup is struggling to grow its revenue in a volatile trading environment and amid weak demand from creditworthy borrowers for new loans.
In its securities and banking group, fixed income trading revenue fell 29 percent to $3.8 billion
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