There are a number of upgrades for LVS and Sands expects to continue to rack up gains in Macau. LVS is said to be considering a special dividend payment or stock buyback later this month. Not sure whether this is true but it will definitely be a boost to the stock.
My target now has been raised to 58 for LVS...
PAY will probably be a target for M & A. The price has become very attractive and I think there are rumours that it will be a good candidate for M & A. I certainly hope so. Target for PAY is 25.
I bought another 435 Olam bonds from the unit share section. Paid about 8 dollars of commission and GST. When I bought the bonds, I was thinking why I had done that. This is because I don't need to buy the 435 to make 2 lots of bonds. When the bonds mature in 5 years, I will get back the capital plus 5%, that is USD1565. But I was thinking that one day, I will make a decision to sell the 2 lots when I think it is time to sell (before the 5 years are up). Anyway, the commission is not much.
In two weeks' time, Yangzijiang will declare the dividend of 5 cents. Let's see whether the price will go up from there. If not, I will take the 500 dollars and then sell when it goes back to the buy price.
Not sure when N. Korea will fire the missile. I was thinking of buying the following last week.
My friend told me that he had bought some shares of Matex when it is around SGD0.05. Recently, the company has a private placement and the stock shot up to 0.19. He was very thrilled as he had made >200% of profit. He has sold some shares to lock in the profits.
He is recommending China Paper. He is keeping long term. However, I have not much confidence in China Paper because recently the financial records were destroyed in a fire. It is a bit fishy in this case especially it seems only the records were burnt. Anyway, if I have a lot of spare cash, I may buy. But I think China Fishery has a better chance.
Not an indication to buy or sell. Buy or sell at your own risk.
|Investment as at 14 Apr 2013|