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STI Down 70 points

TracyTan866

Alfrescian (Inf)
Asset
Thank you when I have a beer during the buffet I make a toast to you and the others here who said to buy shares yesterday.

Going forward, be careful with your investment decisions.

These are perilous times. Wait for another big dip before buying blue chips as it is very volatile now
 

TracyTan866

Alfrescian (Inf)
Asset
Thanks for the info but mostly now I dare not play shares but yesterday so many pple say buy because its a good opportunity so I went in.Now I quickly run.

Yes, take profit when the price hits your target. Don't be greedy. Fight another day
 

dancingshoes

Alfrescian
Loyal
US$ rise hitting firms more than yuan slide

Still, China factor expected to affect earnings of Singapore firms with mainland presence

Singapore firms trading with China say they are being hit harder by the strengthening greenback than the suddenly weaker yuan. This is because many firms here pay their China suppliers using US dollars.

However, the double whammy of a sliding yuan and slowing growth in China is still expected to hit the earnings of Singapore firms with a presence on the mainland.

China stunned the world's financial markets yesterday by devaluing the yuan for a second straight day, triggering fears that the world's second-largest economy is in worse shape than believed.

Mr Ron Ang, co-founder of Absolute Liquor, said the firm has not gained from the weaker yuan as it pays China suppliers in US dollars.

It imports beer and holds the sole distributorship for Chinese beer brands Pearl River and Cheerday. The stronger US dollar means its China imports are more expensive.

One US dollar could buy about S$1.41 yesterday, from about S$1.37 at the start of this year.

The strengthening greenback has led to higher costs and the firm may have to increase prices by the year end if it keeps appreciating against the Singdollar, Mr Ang said.

"Beer companies which import from overseas and deal in US dollars are being affected. We haven't moved prices up yet, but once a few brands start doing so, everyone will."

Interior furnishings firm Goodrich Global's chief executive Chan Chong Beng said it sells to China in yuan, but imports goods for sale in China using US dollars.

"Obviously the weaker yuan (and stronger dollar) don't help us because our costs become higher and our revenue is also worth less," Mr Chan said, adding that China makes up about 40 per cent of the company's revenue.

Even if trades with China were in yuan instead of US dollars, Aldon Technologies group managing director Allen Ang said the firm would not be worried about competing with Chinese exporters.

"To be frank, (the Chinese) are only good in their own domestic market. They don't have the capability to export what we are exporting," said Mr Ang.

The firm refurbishes process kits and parts for flat panel and semiconductor manufacturers.

Mr Ang said his Chinese customers are "begging" him to trade in yuan to spare them losses. "If they use the US dollar, their risk is higher than ours."

DBS Group Research analyst Derek Tan said that, even before the recent moves to devalue the yuan, the slowing Chinese economy had already hit listed Singapore firms in sectors such as retail and residential property.

The weaker Chinese currency will have the greatest impact on the revenues of companies which derive a larger portion of income from China, he noted.

Bosses say they remain optimistic about China's long-term prospects but are bracing themselves for further falls in the currency.

Mr Chris Leong, managing director of Leung Kai Fook (Guangdong) Medical, said: "We do not like to see the yuan fall to the extent that we need to increase our selling prices to sustain a reasonable profit margin, and we do not expect to see it happening in the near future." It has a production plant in China, with most costs in yuan.

Goodrich's Mr Chan said: "Eventually, the market will have to settle down... China will continue to be very important for us."

http://www.straitstimes.com/business/economy/us-rise-hitting-firms-more-than-yuan-slide
 

dancingshoes

Alfrescian
Loyal
i just love the central banks, nowadays, they are more thoughtful of others, they tend to take care of the financial markets, they will not let it crash and burn the investors' money.


MAS ready to curb Singdollar volatility
The Monetary Authority of Singapore (MAS) stands ready to curb excessive volatility in the Singdollar after the devaluation of the yuan. The central bank said yesterday the Singapore dollar has stayed in its policy band despite higher foreign exchange market volatility.

The current policy of modest, gradual Singdollar appreciation against a basket of currencies "remains appropriate from the perspective of overall macro economic conditions", the MAS added.

The yuan has fallen about 0.8 per cent against the Singdollar since Tuesday's first devaluation. The weaker yuan could dampen China's demand for imports from here and slow a rebound in tourist arrivals from China, the Ministry of Trade and Industry said.

But as the depreciation has been small so far, the impact on exports and tourist arrivals is likely to be contained, a spokesman said.

Chia Yan Min
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
Going forward, be careful with your investment decisions.

Why do you have to say "Going forward..... ".

Why don't you just say "Be careful with your investment decisions."

Until we find a way to travel in time, it can only go in one direction. The term "Going forward" is one of the most redundant phrases to appear in recent years.
 

TracyTan866

Alfrescian (Inf)
Asset
Why do you have to say "Going forward..... ".

Why don't you just say "Be careful with your investment decisions."

Until we find a way to travel in time, it can only go in one direction. The term "Going forward" is one of the most redundant phrases to appear in recent years.

what's wrong with say "moving forward..."? to me it is perfectly fine.
 
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Leongsam

High Order Twit / Low SES subject
Admin
Asset
what's wrong with say "moving forward..."? to me it is perfectly fine.

It's not grammatically wrong but it has become a cliche and it was a stupid phrase to begin with.

cliche


noun1.a trite, stereotyped expression; a sentence or phrase, usually expressing a popular or common thought or idea, that has lost originality, ingenuity, and impact by long overuse, as sadder but wiser, or strong as an ox.

A cliché or cliche (/ˈkliːʃeɪ/ or /klɪˈʃeɪ/) is an expression, idea, or element of an artistic work which has become overused to the point of losing its original meaning or effect, even to the point of being trite or irritating, especially when at some earlier time it was considered meaningful or novel.[SUP][1][/SUP]
 

GoldenDragon

Alfrescian (Inf)
Asset
It's not grammatically wrong but it has become a cliche and it was a stupid phrase to begin with.

cliche


noun1.a trite, stereotyped expression; a sentence or phrase, usually expressing a popular or common thought or idea, that has lost originality, ingenuity, and impact by long overuse, as sadder but wiser, or strong as an ox.

A cliché or cliche (/ˈkliːʃeɪ/ or /klɪˈʃeɪ/) is an expression, idea, or element of an artistic work which has become overused to the point of losing its original meaning or effect, even to the point of being trite or irritating, especially when at some earlier time it was considered meaningful or novel.[SUP][1][/SUP]

Ernie Lau taught you that way?
 

TracyTan866

Alfrescian (Inf)
Asset
It's not grammatically wrong but it has become a cliche and it was a stupid phrase to begin with.

cliche


noun1.a trite, stereotyped expression; a sentence or phrase, usually expressing a popular or common thought or idea, that has lost originality, ingenuity, and impact by long overuse, as sadder but wiser, or strong as an ox.

A cliché or cliche (/ˈkliːʃeɪ/ or /klɪˈʃeɪ/) is an expression, idea, or element of an artistic work which has become overused to the point of losing its original meaning or effect, even to the point of being trite or irritating, especially when at some earlier time it was considered meaningful or novel.[SUP][1][/SUP]

you may not be familiar with it, but in financial circles, "moving forward" or "going forward" are common
 

zeebjii

Alfrescian
Loyal
you may not be familiar with it, but in financial circles, "moving forward" or "going forward" are common

I am sick of these over-used terms. I can't recall encountering these terms in company financial reports of a few years ago. I hope they die a quick death like "green shoots".
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
you may not be familiar with it, but in financial circles, "moving forward" or "going forward" are common

My point exactly. I'm very familiar with it. I hear it ad nauseam every time some financial analyst appears on TV.
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
That term brings out a precise meaning. So what's wrong with using it here?

It doesn't because it is redundant. Time can only go one way and that is forward.

You cannot go backward with investment decisions. What is done is done.

You can't go sideways with your investment decisions.

The only direction is forward. That's how time flows.
 

TracyTan866

Alfrescian (Inf)
Asset
It doesn't because it is redundant. Time can only go one way and that is forward.

You cannot go backward with investment decisions. What is done is done.

You can't go sideways with your investment decisions.

The only direction is forward. That's how time flows.

Semantics. Going forward could also mean that your next decision.....
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
https://www.linkedin.com/pulse/20130826001502-64875646-stop-using-these-30-phrases-at-work

I reckon every office or workplace has one of those people that are just full of jargon-ridden management drivel. Does this kind of 'management speak' remind you of someone at your work place: "Before going forward we have to touch base and reach out to our key stakeholders so that we can drill down into the key issues that are not yet on our radar and catch the low-hanging fruits..."

Are you surrounded by people who annoyingly can't get enough of the management gobbledygook and who utter one jargon buzzword after another? Are your meetings buzzing with so much management lingo that you find it hard to get to the real meaning of what is being said? The problem I have with these phrases is that they sound so pretentious and often are counter-productive because they irritate people so much and deflect from the real meaning.

Below are my top 30 most irritating and overused phrases we hear at work. I am sure you have others that you can add to this list. Let's make it the most comprehensive list of unnecessary management drivel ever - Please add your ones using the comment field!

For me, these are my top 30 most irritating jargon phrases used at work:


  1. Going forward
  2. Drill-down
  3. End of play
  4. Touch base
  5. It's on my radar
  6. No brainer
  7. Best of breed
  8. Low hanging fruit
  9. Reach out
  10. Dive deeper
  11. Think outside the box
  12. Positive momentum
  13. On my plate
  14. At the end of the day
  15. Run the numbers
  16. Touch points
  17. Keep your eye on the ball
  18. Back to the drawing board
  19. Get the ball rolling
  20. Bang for your buck
  21. Close the deal
  22. When the rubber hits the road
  23. Shift paradigm
  24. Move the needle
  25. Game-changing
  26. Move the goal post
  27. Value added
  28. Win-win
  29. Across the piece
  30. All hands on deck
 
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