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
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- Thread starter TracyTan866
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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
Yes, take profit when the price hits your target. Don't be greedy. Fight another day
Will do and thanks.
once started, there will be a second and third time and so on...
Right timing is the key. Be patient and alert and seize an opportunity that comes bye
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
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
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
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
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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Ok thanks , this time it was good.
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?
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".
My point exactly. I'm very familiar with it. I hear it ad nauseam every time some financial analyst appears on TV.
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.
Semantics. Going forward could also mean that your next decision.....
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:
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:
- Going forward
- Drill-down
- End of play
- Touch base
- It's on my radar
- No brainer
- Best of breed
- Low hanging fruit
- Reach out
- Dive deeper
- Think outside the box
- Positive momentum
- On my plate
- At the end of the day
- Run the numbers
- Touch points
- Keep your eye on the ball
- Back to the drawing board
- Get the ball rolling
- Bang for your buck
- Close the deal
- When the rubber hits the road
- Shift paradigm
- Move the needle
- Game-changing
- Move the goal post
- Value added
- Win-win
- Across the piece
- All hands on deck
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