ungated unguarded Double storey terrace house in TUTA breached 200k in September

the title says it all

SGX offers algo trading starting from Aug 15, 2011

For those who holds big caps like Noble, Olam, CapMallsAsia, keep an eye on your stock....

Singapore Exchange to offer new benefits of algo trading

http://blogs.sungard.com/globaltrading/tag/sgx/

Posted: August 10, 2011, 8:11 am

By Nasser Khodri, APAC Managing Director for SunGard’s global trading business

When SGX REACH goes live in the Singapore Exchange (SGX) on August 15, the republic’s trading community can look forward to reaping the benefits associated with advanced trading technologies, such as improved performance, higher execution price, enhanced productivity and added services.

SGX REACH is the exchange’s new software matching engine that will provide remisiers with advanced algorithms so that they can send their orders in at the right time, cover their positions, and ensure their orders are executed.

What’s new in the SGX REACH trading platform? It will offer six new order modalities, including Market Orders and Market to Limit Orders, both with the objective of guaranteed execution.

SunGard, a long-time partner of SGX, on 21 and 22 June hosted a two-day SGX event in Singapore to educate more than 400 brokers and remisiers about SGX REACH – what it is, what it can do for them and how they can use it.

As a software vendor and leading provider of algorithmic trading solutions, SunGard is now all geared up to provide the software that will allow brokers in Singapore to work with the REACH system.

Algorithmic trading is currently widely used in Europe and the US, with many of the traders and brokers there aware of what it is and why it is necessary. In Asia, while many international brokers offer algorithmic trading solutions, local brokers are only now getting onto the algo bandwagon.

It is akin to something of a revolution for them. For example, a dealer at a Chinese broking firm in Hong Kong was all praises for algo trading, saying: “This algo is impressive! Before I used to check the price manually and update the order accordingly. It took a long time and I had to keep my eyes on the screen every second. Now I just leave the algo alone and it’s so much faster.”

The use of algorithmic trading is growing very quickly in Asia. According to research and consulting firm Celent, Singapore’s current usage level of 38% is expected to rise to 50% next year; and Hong Kong’s from 48% to 62%. This compares to a 60% current usage level in the US. Algo trading is proving to be a trend that brokers need to follow, or risk being left behind.

There are four main reasons for brokers to use algorithmic trading. The first is improved productivity. With algo trading, brokers can take more orders using the same level of technology because algorithms can relieve traders of parts of their workload.

Secondly, algos can improve order execution performance and boost the price of execution because they allow brokers to take advantage of the opportunities that arise as a result of issuing their orders at greater speeds; as compared to issuing them at slower speeds, if they were to be working manually.

Thirdly, algos help brokers empower their clients. When a client asks for a VWAP (volume-weighted average price) or a TWAP (time-weighted average price) order, for example, brokers need to be able to fulfill the request. It becomes a question of competitiveness. If the broker doesn’t have what the client wants, the broker will be at a disadvantage.

Lastly, algos are good for handling market specificities, giving brokers the flexibility and customisation ability to meet their clients’ needs.

At a more advanced level, algorithms can help traders attempt to be one of the first to enter the market when it opens by sending orders at a millisecond precision. They can help traders profit from tiny discrepancies and market open volatility and also help them automatically handle the force key rule, a specificity of the Singapore Exchange.

Have you ever lost an opportunity because you were too slow? Do you sometimes feel overwhelmed when constantly monitoring prices? Have you ever wished to have peace of mind during the trading day?

If your answer to any one of these questions is yes, can you afford not to have algo trading on your side?

CapitaMalls Asia converts China development fund to an income fund, increase fund size, expand due date

This action is akind to the BBs telling you that either
1)the asset is not ready to be injected yet, because the asset prices has not peaked
2)they are stretched in China to improve their malls' NPI and ROI, so they want you to wait a little longer and they will compensate you with dividend at the mean time

This will surely affect the asset injection pipeline into CapitaRetail China Trust.

Frasers Commercial Trust

Frasers Commercial Trust disposed its AWPF fund at below book value, the buyer is National Nominees Ltd, who is the real buyers hidden behind this nominee company?

Thomson Medical Centre

After Peter Lim bought out Thomson Medical Centre, it turns out he has plan to bring Thomson Medical Centre into JB,

 

[S'pore billionaire plans Johor medical centre
Sun, Apr 17, 2011
AsiaOne

SINGAPORE - Singaporean billionaire Peter Lim is currently working on bringing Thomson Medical Centre across the causeway and into Johor.

The Straits Times reported that the, The Edge weekly said: Mr Lim who took over the Singapore-listed Thomson Medical private last year, has bought 14ha of land in the southern Malaysian state for the project.

The land, in the Stulang Laut area, about 2km from the Johor Causeway, was bought for a purported RM200 million (S$83 million), it reported.]

Ascendas India Trust

the temporary dip in DPU is partly due to unwinding of capitalization of loan interest as Ascendas Park Square and Zenith has been completed thus they will have to recognize it in the income statement(Reason for lower DPU given in press is higher electricity tariff and fuel costs, but which other buildings in India can escape from higher electricity tariff and fuel costs?)

Mah Sing

Mah Sing saw something in Johore and thus the recent action.

Have you seen it

?

Here’s a clue

Watch the share price of Crescendo Corp

Securities Industry Dispute Resolution Center(SIDREC)

SIDREC has been created by SC to cater for disputes resolution for individual investor for claims below RM100,000

Penang - Reverse brain drain

A number of policies has been in place
Property prices has rose
Penangites has come back from afar
Soon it will attract a limit nos of talent from E&E and services industry

XYZ Sdn Bhd

XYZ Sdn Bhd bought back one of its subsidiaries at a price that is slightly above book value. The buyer is a company setup recently by 2 unknown persons. The transaction occured months before a high court verdict involving the subsidiary over a relatively huge transaction.

 

Fictitious names/companies/characters/stories copyright © 2011 Aenith Inc. All rights reserved.

How many of us bothered to read the 100++ pages prospectus

 

If you had even bothered to read  prospectus of a recently listed REIT in Malaysia stock exchange, you would have realized that the favourable yield given for its hotels under management is valid for the first two/three years only. What happens after that initial two to three years? Are we going to witness a drop in yield?

The tide has turned

The stars are clearly at it.
Aenith would begin to introduce companies/industries that do things differently
This is not a buy or sell recommendation

The coming inFLATion

 

- SWF monies in commdities and related companies

- cranking $$ printing press

- banks flooded with hot monies are forced to look for new ways to optimize its net interest margin after stern property cooling measures, particularly in Hong Kong and Singapore

-last but not least, the disappearing food bonus, food and petrol subsidies has been reduced a couple of times in a year in a South East Asia nation, which will lead to a permanent 10-15%(wild guess) increment in consumer goods prices(especially staple food items)in neighbouring countries.

Queensbay Mall acquisition by CapitaMalls Asia

 

CapitaMalls Asia bought Queensbay Mall at RM651.8 million at 5% yield. People are asking in forums why the heck CapitaMalls Asia bought it at such an expensive valuation. I know why(what are the things they are going to do to the mall exactly, what is the ….what are the…)but I am not going to tell it here. Read it in my upcoming book which will be published in 2011 or 2012 if there is sufficient interest

YTL has done it again

YTL bought Niseko Village, 617 hectares of land for 223 million and then sell Hilton Niseko Village for 222 million to Starhill REIT. In other words, YTL got 200-room Green Leaf Hotel and two 18-hole golf courses, and 155ha of leased ski mountain land on which are situated seven ski lifts and 15 ski trails for RM 1 million. The master is at it again.

FSBM Plaza - AmFirst REIT

There is a piece of information missing glaringly from the announcement in Bursa recently – the net property yield of the purchase. A back of the envelope calculation has yielded a maximum net property yield of around 8.3% for the 1st 3 yrs, and around 8.5% for the next 3 yrs. Since this purchase is totally debt funded, of course we will have to deduct the cost of the debt, which will be around 4.5 % – 6 %, depending on whether the loan will be on fixed rate or floating rate. Ignoring the 1% acquisition fee, 2.x% of 51 million will up the current DPU by around 0.xx%.

Creativity

We live in an age when the most valuable asset any economy can have is the ability to be creative - to spark and imagine new ideas, be they Broadway tunes, great books, iPads or new cancer drugs. And where does creativity comes from?

"To be creative requires divergent thinking (generating many unique ideas) and then convergent thinking (combining those ideas into the best result).  It comes from being exposed to divergent ideas and cultures and peoples and intellectual disciplines. One thing we must know about creativity is that it typically occurs when people who have mastered two or more quite different fields use the framework in one to think afresh about the other(rojak, in my own terms =) )

Leonardo da Vinci was a great blah blah and blah, eane(and) each specialty nourished the other. He was a great lateral thinker. But if you spend your whole life in one silo, you will never have either the knowledge or the mental agility to do the synthesis, connect the dots, which is usually where the great breakthrough is found




Thomas Friedman

Gandhian Innovation - Bharti Airtel

Read an article in HBR recently titled “Gandhian Innovation” by C.K. Prahalad and R.A. Mashelkar What captured my eyeballs was that the paragraph talking about how Bharti Airtel was losing money until it decided to change tact from looking at profit margin to looking at revenue as key business ratio. I am suspecting Singtel learnt from their partner, Bharti Airtel and brought it over to Singapore. First with its prepaid business since few years ago(you can note this by looking at Singtel’s  prepaid users net adds  per quarter or looking at ARPU that keep making new lows.) and now expanding the same strategy to mio TV line of business as well.  Starhub looks increasingly fragile to me. Bharti Airtel, 1 cent per min in India…hmmmm

The ant cluster(yizu)

It refers to young people with a high level of education who work low-paid jobs and live together in crowded apartments or dorms, usually on the edge of big cities. They’re similar to ants in that they’re intelligent, weak, and live in groups,

BJCORP-JA

died as the structured product which lived for shortest number of days in KLSE