*Official* General Market Chit Chat Thread

[ValueInvestor]

hard to belive SMM was a $6 stock 4 years ago

now under $2 liao

more than 2/3 of market cap gone

 

[SeVenn]

Cmt $2. Wonder what is driving up

Severely oversold I guess, same as CCT.

 

[Tofuuuuuuck]

Severely oversold I guess, same as CCT.

But it's out of the sudden big buying vol, Cmt And cct have been in their low region for awhile before the surge.

 

[Genosis]

Cmt $2. Wonder what is driving up

Festive shopping to drive retail sales! Yesterday went to Bugis Junction, so packed!

 

[Genosis]

But it's out of the sudden big buying vol, Cmt And cct have been in their low region for awhile before the surge.

Could be one of the positive reports from one of the brokerage houses...

I read one a few days back.

 

[Genosis]

hard to belive SMM was a $6 stock 4 years ago

now under $2 liao

more than 2/3 of market cap gone

Cyclical industries really not for the faint hearted...

The down times can be brutal. Must have holding power.

 

[Genosis]

Cmt $2. Wonder what is driving up

Full rental contributions will be coming from newly-acquired Bedok Mall next quarter.

 

[Tofuuuuuuck]

I see, just weird that suddenly all the pessimistism is gone. Market sentiment change so fast. I still inexperience so find it interesting.

 

[copadelrey]

GUYS ME NOOBIE NEEDS YOUR HELP

I'm using UOBkayhian. I'm aiming for DairyFarm USD. I don't have any USD in my savings account, so I'll use SGD to buy this stock. So assuming UOBkayhian's exchange rate is 1USD=1.4SGD today, and I buy this stock at 6USD today.

A 10% capital gain (stock price goes up to 6.6USD) will be nulified by a 10% drop in SGD against USD (1USD=1.54SGD)?

Is my thinking correct? Would appreciate your help guys

 

[Average]

The last GDP data can infer that sg economy is restructuring to become sevice sectors heavy iirc.

Sent from your gal next door using GAGT

 

[ValueInvestor]

GUYS ME NOOBIE NEEDS YOUR HELP

I'm using UOBkayhian. I'm aiming for DairyFarm USD. I don't have any USD in my savings account, so I'll use SGD to buy this stock. So assuming UOBkayhian's exchange rate is 1USD=1.4SGD today, and I buy this stock at 6USD today.

A 10% capital gain (stock price goes up to 6.6USD) will be nulified by a 10% drop in SGD against USD (1USD=1.54SGD)?

Is my thinking correct? Would appreciate your help guys

yes

u have currency risk

 

[ValueInvestor]

STI heading back towards 2900 level

doesn't feel like STI will crash below 2800 level riao

 

[Adenovirus]

 

[copadelrey]

yes

u have currency risk

thanks man. all the USD denominated stocks are damn tempting (if you ignore currency risk)....


JSH, JMH, DairyFarm

 

[xSieghartx]

GUYS ME NOOBIE NEEDS YOUR HELP

I'm using UOBkayhian. I'm aiming for DairyFarm USD. I don't have any USD in my savings account, so I'll use SGD to buy this stock. So assuming UOBkayhian's exchange rate is 1USD=1.4SGD today, and I buy this stock at 6USD today.

A 10% capital gain (stock price goes up to 6.6USD) will be nulified by a 10% drop in SGD against USD (1USD=1.54SGD)?

Is my thinking correct? Would appreciate your help guys

Correct, just that you got it in reverse. A gain in the stock should be nullified by a drop in USD against SGD since your stock's denominated in USD. If USD goes to 1.54 SGD, you're actually making a paper gain.

 

[copadelrey]

Correct, just that you got it in reverse. A gain in the stock should be nullified by a drop in USD against SGD since your stock's denominated in USD. If USD goes to 1.54 SGD, you're actually making a paper gain.

OH!!! yes yes.... in that case if DairyFarm goes to 6.6 and USD=1.54SGD, I'd be making 20% gain (10% from capital gains + 10% forex gains)

 

[ValueInvestor]

thanks man. all the USD denominated stocks are damn tempting (if you ignore currency risk)....


JSH, JMH, DairyFarm

also dont forget, when u change your SGD to USD its extra cost

up to 0.6%-1% on the exchange rate......

 

[sandwicher]

hard to belive SMM was a $6 stock 4 years ago

now under $2 liao

more than 2/3 of market cap gone

Haha but it tracks the oil prices well. $140 to $40, also 2/3 gone. SMM is not for the faint heart.

 

[Shion]

Just curious.

Are you guys proficient in TA + FA or proficient in one of the 2 ?

 

[OngHuatHuat]

Utilities Too competitive resulting in lower revenue.
Some people just choose to overlook this, but stock price already reflect future weaker earning.

If earning become weaker, next quarter or next next quarter PE will have sudden jump due to weakening earning.

Market is adjusting to account for next 6 months economy outlook, not looking good currently, but I expect a recovery next year when China starts to pick up due to monetary and fiscal easing

I thought SCI's utilities reported weak earnings too or did I remember wrongly?