Friday, October 29, 2010

Betting Time! Part 2

Not so good looking now...

Sunday, October 24, 2010

Betting Time!

Guess which counter is this of Malaysia's Biggest Casino (i.e. Bursa Malaysia KLSE)? I am looking at 100% return in 2~3 months.

Thursday, October 21, 2010

Soybean Oil Approaching 50.00

Not without resistance! A mini pull-back took place earlier today, and it is now at a critical level. We shall see how it fares in its next session. FCPO bulls better keep your fingers crossed. LOL!

Sunday, October 17, 2010

We Make Your Dreams Come True!

"Bajet Rakyat Malaysia 2011" item no.85
"The Government is aware of the difficulties faced by the rakyat, particularly young adults who have just joined the workforce with income less than RM3,000, to own a house. To assist this group, the Government will introduce Skim Rumah Pertamaku through Cagamas Berhad which will provide a guarantee on down payment of 10% for houses below RM220,000. This scheme is for first-time house buyers with household income less than RM3,000 per month. In other words, the house buyers will obtain a 100% loan without having to pay the 10% down payment."


This is what I think:

Very creative measure to boost home ownership indeed. (A contrarian approach too, if compared against regional governments' move of raising loan-to-value ratio to curb the sky-rocketing property prices. ) LOL!

Why push young adults to over-commit on something they can't afford. Journey of an indebted life will now begin for many young ones.
(And they have better pray hard that BLR will stay at this level or lower for a very long time).

Why do I have a feeling that we are making a local production of "Subprime Drama"? Perhaps I worry too much. Do enjoy the subprime cartoon of this post, couldn't be better. LOL!

Friday, October 15, 2010

Another Peter, Another Self Made Billionaire

Well, the tough looking CMC founder Peter Cruddas worth £1b in year 2009. I thought he was a fish monger's son, not true, but more humble, a meat-market porter and a cleaner's son. “A lot of people in the City (London's financial district) want to hide their wealth,” Cruddas said in 2005. “Not me. I’m proud to be ranked No 1 and take it as a mark of distinction.”

About him : He left school at 15 and became a telex operator. CMC was launched in 1989 with £10,000. In 1996, CMC branched out from traditional broking into online trading of shares, currencies, gold, oil and spread-bets; Goldman Sachs paid £140m for a 10% stake in 2007. Profits rose sharply to £57.2m in 2007-08 on soaring turnover of £181.4m. Past salaries, dividends and a £30m property portfolio take him to £1 billion.

1996 was a pivotal year for him, had he not persisted on pursing his vision of e-trading, we will probably not know him today. Just like Peter Lim's foresight on future trend, Peter Cruddas was betting on information technology when the IT age was at its infancy. These winners see things into future much further than many of us do. And they work hard to build their futures too.

Most importantly, they are both very charitable.



Thursday, October 14, 2010

3rd Review on Maoxian's SLV

Bootylicious!





Who the hell is Peter Lim? Part II

Hmm.. the devil is in the details, and literally a red devil himself anyway. Peter Lim currently holds the franchise for Manchester United theme restaurants in Asia. Being a shrewd businessman as he is, my feeling is, he is sicked of paying MUFC franchise license fees, If he owns LFC, he will be on top of the food chain of those lucrative franchising business and more. A great way to synergize his businesses. And yeah right... for the love of football. LOL!

By the way, story of Peter Lim is pretty inspiring, a self made billionaire of a fish monger's son. That reminds me of another financial figure, also a fish monger's son. I will blog it up in the future.

Wednesday, October 13, 2010

Who the hell is Peter Lim?

Answer: Singapore's seventh richest man (Ref. Forbes, Sep/2009, net worth 1.5 Billion), and he is bidding for Liverpool (a football club, or soccer club, LOL!). Mind you, he is making a £360m cash bid! I am no fan of soccer, but I have many friends are. Some of them are Liverpool fans, and I am very sure they will have few words if their club is taken over by a Singaporean... Scary thought! LOL!
Actually, I thought you might be more interested to find out "how come he is so bloody rich?".
Another answer: His foresight on Palm Oil (investment in Wilmar). There's an old 2007 article about him (see below, "Former Remisier King Peter Lim"), which is a pretty good article for us to understand him better, much to learn from this astute and patient investor. He is now into alternative energy (Ring any bell? So is Warren Buffet into electrical car maker "BYD"). In my opinion, he is a true trend follower in a much bigger scale. Move over Michael Covel (yeah, that books salesman). LOL!


"Former Remisier King Peter Lim"

He makes paper loss of $100m in stock market turmoil, but says of his wealth: 'It makes no difference after a point' My money will go to charity
By Karen Wong

WHEN the Singapore stock market took a sharp dive lastweek, it wiped out more than $100million of his stock's value.

But former remisier king Peter Lim did not lose sleep over it.

Why? 'I've been a stock broker for all my life - I've seen all the crashes, financial crisis, where really, it's only a paper loss,' replied the self-made billionaire.

'Just make sure you are not jammed with cash flow.'

Mr Lim was referring to his almost 5 per cent investment in Wilmar International which saw its share price move from a high of $3.78 to a low of $2.89 in the space of a month. The share price last closed at $3.

To him, his wealth is less important than his family and philanthropy. His attitude towards money is almost casual. It reflects his philosophy on investing and wealth.

For those who feel they are badly mauled by the current share doldrums, Mr Lim has this piece of wisdom to share: 'I used to say to my friends, 'When you are holding stocks, if it goes up, don't be too happy; when it goes down, don't be too sad'.

'Otherwise, how? Your life will also be fluctuating and you'll die of a heart attack.

'If you really lose sleep over it, maybe the best way is to keep the money in thebank.'

So what does he lose sleep over?

He replies with a laugh: 'My kids. Like other parents, I worry about what they're doing and whether they'll pass their exams.'

On Thursday, he made his debut in Forbes' latest rankings as Singapore's seventh-richest man, with a reported net worth of US$830m illion.

Mr Lim revealed that he intends to give a large part of his money to society later. How will Singapore benefit?

Through his pet cause: Education.

He made this revelation quite casually, as if he were talking about the weather.

He said: 'I think it's very likely (that) a big part of my wealth will be directed towards education.'

'It will be either a straight donation towards assisting educational institutions or maybe I'll set up a foundation.'

He supports Prime Minister Lee Hsien Loong's call at the recent National Day Rally for more Singaporeans to make charitable contributions.

Mr Lim echoed PM Lee's views that it is happening all over the world, and especially in the US.

'Asia is a bit behind because generally, when you have money, you think of your sons and your daughters when you die.

'But I think it has changed a lot here, principally because now, the wealth isbigger.'

He was reluctant to reveal his charitable contributions over the years, except to say that much of it was anonymous and that in the early '90s, he was one of the earlier donors to the National Kidney Foundation.

HELPS POOR

His friend, Mr Dennis Foo, chief executive of St James Power Station, later told The New Paper that Mr Lim not only donates money, he also takes it upon himself to deliver food, like rice and cooking oil, to needy families in one-room flats and old folks' homes.

Why education?

Mr Lim said: 'Education must be cheap and accessible to anyone.

'For me, I was the son of a fishmonger, but I could still go to the best school. I had the opportunity to make money. There's no discrimination.

'I think this policy of meritocracy actually works. It's very very fair and nobody cancomplain.'

The New Paper managed to get hold of Mr Lim last Wednesday, after his meetings and before he left for a short trip overseas.

The publicity-shy tycoon was extremely reluctant to talk about his wealth. It didn't help that he again made news recently with his involvement in one of Singapore's largest reverse takeover bids, with his investment vehicle Rowsley buying up a chunk of a China solar power company.

But he agreed after some persuasion. He met us at Brewerkz, which he also has a stake in, at Riverside Point two hours before his flight.

Dressed in a polo T-shirt which has seen better days, a pair of cargo pants and trainers, he certainly didn't seem to wear his wealth on his sleeves.

Why so casual? He replied that he plans to sleep on his flight.

DOESN'T MONITOR

Ironically, Mr Lim, who was one of Singapore's leading stockbrokers and is now a private investor, does not monitor the stock market every day.

He goes through the financial reports of companies; he watches financial news to get a summary of what is happening, but he does not track the daily ups and downs of the stock he owns.

He said: 'I only check in intervals, depending on the company.

'If it's a structured company, then (I check) when the results come out. For the bigger ones, quarterly results; for smaller ones, twice a year. But if it's a start-up, I'll check it more regularly.'

Mr Lim made headlines in the late-'80s as a star remisier, in the mid-'90s in his divorce battle and in early 2000 for his involvement in the first instalment of the Raffles Town Club court saga.

Much of his wealth now comes from a single investment: Palm oil.

In the early '90s, he invested about US$10 million in a start-up Indonesian palm-oil company, Wilmar. Today, his almost-5 per cent stake is worth more than US$700 million.

This is a far cry from his humble beginnings. When he was young, he said, he did not even have his own room in the two-bedroom government flat he shared with 11 others.

He grew up, with three brothers and four sisters, in one of Singapore's oldest public housing estates, Bukit Ho Swee.

His father was a fishmonger and his mother a housewife and the size of the flat was the equivalent of a three-room HDB flat today, hesaid.

He slept in the living room, or wherever he could find space to lay his mattress down for the night.

On his wealth now, he said: 'It's no different from what it was before I had the money. It makes no difference after apoint.

'Like what they say, you can only talk louder. You can only eat so much and fly so many trips.

'Money lets you enjoy a lot of things, but I don't think I'll die without money.

'I don't think I'm eating a lot better than when I was a lot poorer than now. I don't really go for very special kinds of food. I'm still very local. I like my mee siam, mee rebus and lontong.'

When his father died in the late '60s, when Mr Lim was 22 years old.

Mr Lim completed his secondary school education in Raffles Institution and was an officer in National Service.

It was then, at the age of 18, that he bought his first lot of shares.

Did he make a killing?

'In fact, I lost money,' he laughed.

But not much.

'I was only paid $385 a month, so I can't have bought, or lost, very much.'

He then went to Perth to further his studies at the University of Western Australia.

To fund his university education, he said, he worked part-time doing odd jobs as a taxi-driver, cook and waiter.

It was one of these jobs - in the Australian fast-food chain Red Rooster - that opened his eyes to how business was done.

'I watched how they started, how they grew, and how they scaled up.'

It was also in university where he honed his instincts and skills as an investor.

He graduated with a degree in accounting and finance and stepped out into the working world.

'My first job was as an accountant. It lasted three months,' he said with a chuckle.

He did some tax consultancy before he went into stocks, he said.

Mr Lim is in his element when dealing with numbers. 'It's something I'm very comfortable with, something I understand.

'Give me any numbers. I look at (them) and I'm happy. It can be in any industry. You give me the numbers; somehow I can figure it all out.'



--------------------------------------------------------------------------------

His secret to investing is...

WHAT is Peter Lim's secret to successful investing?

Prospect, he replied.

He looks at sectors.

'Like if I think solar is good, I go into solar; if I think palm oil is good, then palm oil.

'Share prices go up because the sector grows. So if I think this sector is going to be good in the next 10 years, then I'll just invest in it.'

Another key reason for his success, he said, is patience.

Mr Lim, who also acts as a consultant to companies and helps them find multi-million-dollar investors, does not subscribe to buying one day and selling the next to cash in.

His advice to young investors: 'You have to invest with a longer-term mindset. You buy a good stock, leave it there for 10 years. Come 10 years, this dollar can be many, many multiples.

'I think the trick is really to think long-term.

' You may not have a lot of money, but you have a lot oftime.'

'The minimum length of my investments are five to six years, if not 10 to 12 years.'

He cites the example of his condominium.

He owns an entire 11-storey block at prestigious Ardmore Park, near Orchard Road. He and his wife, with his 85-year-old mother, live in one apartment, while three other maisonettes and the penthouse sits empty.

'I bought it in 1994 for $13m and I just hold there and wait. With the current property market, it is worth more than $100m.'

Same with Wilmar, which he invested in in the early '90s. It was then a US$10m investment. Now, his stake is worth some US$700m.

Monday, October 11, 2010

Surviving the Shakeout

This year, FKLI and FCPO are making new highs one after another. Ironically, we also witness some bloggers being roasted by the markets. Market operates in a mysterious way. It likes to shakeout the weak holders before it makes another major move. It likes to exhaust the wish-washy traders and stubborned traders too. To survive the shakeout, is like walking on a mid-air rope. Feel the rope, advance when the rhythem is with you; in shaky situation, take a breather and ragain your balance. Yes, I am aware I might be talking rubbish. LOL!

Saturday, October 9, 2010

Falling Star

Before anyone thinks I am going to talk about Candle Stick Pattern, sorry to disappoint you, I am not.
Before anyone thinks I am going to talk about Biblical Myth, sorry to disappoint you, I am not.

Just to share some nice poem:

NIGHT-SKY AND FALLING STAR

HEAVEN, mighty, full of glorious withholding,
a store of space, a staggering world-display.
And we, too distant for a full beholding,
and yet too near it all to turn away.

A falling star, with which our scarcely-owned,
heart's wish, with startled uplook, is descending:
What is beginning now and what is ending?
What's been committed? What's been condoned?

~ Rainer Maria Rilke

Friday, October 8, 2010

Soybean Oil Hit the Roof!

Soybean Oil Futures Trading News 8/Oct/2010 - Mama Mia! Gap Up Opening Price and Limit Up! Crude Palm Oil Bulls are gonna hit the jackpot in 60hrs time.

Thursday, October 7, 2010

Yesss, finally it CAME!

Crude Palm Oil Futures News - Compared with its previous high, today a even stronger move to trigger Turtles' buy orders? trigger Shorties' stops? trigger Chart Pattern lovers' handle buy orders? WHATEVER... this is the beauty of commodities market, everyone seems to make money when it TRENDS. LOL!

Wednesday, October 6, 2010

Hot Chart - Harley Davidson

Me ain't no Hell Angel! LOL! Previously I was talking about King of Smart Phones (i.e. Apple iPhone), the leader of its industry. This time, it is about the King of Street Bikes - Harley Davidson. Another great Amercian product. Check out its chart; in my opinion, its chart is a pretty good indicator (or reflection) of Amercan economy. LOL!

Sunday, October 3, 2010

Looks like the floodgate is open!

"Waterfall" chart pattern for oilseed No.1 market Soybean Oil 60m chart, LOL! I am afraid the No.2 market which is our local oilseed Crude Palm Oil will take the cue to follow the flow! As in most cases, No.1 Leads, No.2 Follows, LOL!