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Saturday, July 7, 2007

STI, Still Impressive

Straits Time3561.96+10.28(+0.29%)
SENSEX 14964.12+102.23(+0.69%)
UOB Sesdaq 273.10+1.19(+0.44%)
KLSE Comp 1373.84+4.54(+0.33%)
Nikkei 225 18140.94-80.54(-0.44%)
Hang Seng 22531.74+278.75(+1.25%)
Dow Jones 13611.68+45.84(+0.34%)
KOSPI 1861.01+13.22(+0.72%)
SSEC 3781.35+165.48(+4.58%)

Looking at the above performances of major market Indices, things are looking extremely impressive. However, when will the music stop since most of the market are travelling into uncharted terrains. Well, major crash will not be expected if healthy corrections do take place periodically. Sensex is the most impressive of all, I believe it should be able to outperform the other indices by end of the year. Following that, Kospi after its early quarter massive correction have recovered almost fully.

ARC Market Pulse Portfolio
Counter Qty Buying Price Current Price Cost Value Profit
GlobalTest 3000 0.25 0.325 776 975 199
Acma 8000 0.13 0.14 1066.4 1120 53.6
Lantrovis 5000 0.175 0.22 901.5 1100 198.5
Jade 10000 0.2162 0.195 2162 1950 -212
LC Dev 5000 0.4 0.47 2028 2350 322
PSC Corp 8000 0.155 0.145 1267.2 1160 -107.2

The 5 lots of LC Dev did well as it was bought up to 0.495 at one point before ending at 0.47 during profit taking. The opening price for LC Dev, a laggard property play rumoured to be in the midst of developing a hotel at T3. Potential is unbelievable. As for Jade, a strong buy up from 0.155 since Thursday which revisit its peak at 0.21 before consolidating at 0.195. The rights and dividend issue will soon be release for Lantrovis and its earning has show strong improvement. Worth a second look. PSC Corp on the other hand was resisting strongly at 0.145 as weak hands are unable to hold this stock had triggered a sell down. Acma is looking stagnant, will consider to profit take next week, however if overall market performs well, it should be seen revisit its 0.155 level.

In light of many presented opportunities, I have again pumped in another $3000 to the portfolio capital raising it to $8000. Cash on hand dropped to $800 after a portion of it were used to buy PSC Corp. Current portfolio is valued at $8655. Total value including cash on hand is $9455, a $1455 increased in capital.

In my long term portfolio, Sembcorp recover a little to $5.700. Next week, blue chip play can be expected as crude on a technical point of view seems to be overbought. Comfortdelgro fell to $1.16.

Lion Capital Thailand perform really well to clinched a 24% ROI since April this year. While Indonesia Fund has turned green to ROI of 0.84%. Lion Capital Korea has been riding the up trend Kospi to its current ROI of 15.31%.

Any opinion herein is made on a general basis and is not an inducement to trade.

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