SGX takeover ASX

Yesterday when I was reading the news on my iPhone, this news caught my attention and I think it might be interesting for me to blog. Our own Singapore Exchange agreed a $8.3 billion takeover of Australian's ASX Ltd., which is the second-biggest overseas takeover by a Singapore-listed company after Singapore Telecommunications bought Australia's Optus Ltd in 2001 for $8.4 billion. The reason for the takeover is that they will be able to compete with rival centres such as Hong Kong and Shanghai as it is difficult for them to rely on domestic market to grow.

After the news, both SGX and ASX shares fell, reason I believe is the political hurdle in the takeover. Is the takeover a good thing or a bad thing? 

Read the news here

Time equals Money

When I was younger, I often heard this phrase, time equals money. But I have no clue what it means. To me, what is most important is that the time spent must be enjoyable.

Recently I kind of have a paradigm shift. After certain things that happened in my life and family, I realized the importance of money. I realized without money, one is not able to support his family, let alone bring significant value to the world. I agree that money is not everything; money cannot buy you love and happiness. But certainly, with money, it can bring many factors that can create fulfillment in these areas. For example, with money, you are able to bring your spouse and children for a holiday and that brings a certain extent of happiness.

Now, I am very cautious on how I spend my time. To me, time equals money. Every second I spend must bring value to me and to others. Nowadays, this is how I spend my entire day: School, work, investments, and financial education. I feel as if I do not have a life, but that’s true in a certain extent. I find a need to sacrifice my play time and save it for the future. My mindset now is work now enjoy later.

Each person has 24 hours a day and how he/she allocate each day determine his/her success. To most people, the reason why time equals money is because when you work for 1 hour, you earn $15. 2 hour, $30, so on and so forth. And if you choose not to work, the money stops flowing in.

But there are more reasons. For example, if you spend your time on financial education, it increases your financial IQ. And with that, you are better equipped to increase your wealth.

“A period of time is considered as a resource under your control and sufficient to accomplish something.” You need time to accomplish something. And TIME is the resource for you to do that!

Start spending your time well and make every second worth. An average life expectancy of a Singaporean is 80 years, and that compute to 700800 hours, you only have one life to live, live it to the fullest!

Trade Opportunity: Genting Singapore PLC (G13.SI)

“Genting Singapore PLC, an investment holding company, develops, operates, and/or markets casinos and resorts internationally. It also engages in online gaming operation; provides management, information technology consultancy, data centre, and other services; involves in the research and development of software; and provides loyalty programmes management, tour promotion, and sales and marketing services to leisure and hospitality related businesses. In addition, Genting Singapore develops and operates district cooling plants; develops, produces, and distributes television programmes; and involves in property business. The company was formerly known as Genting International Public Limited Company and changed its name to Genting Singapore PLC in April 2009. Genting Singapore PLC was incorporated in 1984 and is headquartered in Singapore, Singapore. Genting Singapore PLC is a subsidiary of Genting Berhad.” (Business summary from Yahoo! Finance)

Daily chart, April 2010 to October 2010

The recent Resort World Sentosa sends the share price higher and higher into an uptrend. On 1 October 2010, I spotted a good trading opportunity for Genting SP. After bear took over on 22 September 2010 and the share corrected for 2 weeks crossing over the 20 day Simple Moving Average (SMA).

On 30 September 2010, it caught my attention as it is cross the 20d SMA, at the same time the CCI indicator is below -100. This is one of the systems I use to trade in the market. In order for us to trigger the buy, the stock cannot go below the 50d SMA, but we do not have to look at the CCI anymore. Once the price crosses above the previous day high, it is a buy signal.

On 1 October 2010, this is clearly the case. Make sure you set your profit target, stop loss and time period. Happy trading! :)

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