TKSS:
December 8, 2015 at 11:46 pm (Quote)
The problem lies with the choice and finding the right man/woman to run the business.
Look at SMRT, do we have the right CEO?
He is probably the one that is pushing the idea of nationalising SMRT
Look at SGX, Loh Boh Chye (sorry I mean Boon Chye) who replaces Magnus Bocker
The present incumbent maintains status quo to the demolished exchange left by his predecessor.
What does the present CEO do. He make changes to Organization Structure.
Its like rearranging the deck chairs or running around redecorating the passengers cabins when Titanic has struck the iceberg and is sinking fast to the Atlantic seabed.
I am not sure about the comment on SMRT. I think the comment about Loh Boon Chye is unfair. I think he is doing all the right things. And actually there is nothing much needed to be done as SGX is in the pink of health. The market is so vibrant, the derivative trade is doubling or tripling in volume and the profits of SGX is growing. Why should Loh Boon Chye want to do anything when there is nothing wrong with the market? When it is not broken, do not fix it. The SGX is not broken yet.
Maintaining status quo is the best thing and the right thing to do. Changes to organization structure like changing deck chairs is normal when a new man is on board. Maybe he is cutting cost to save some money or making the SGX more efficient. Must be good.
I think Loh Boon Chye knows what he is doing. Everything is just fine. Don’t worry, SGX is in good hands. Magnus Bocker had done a fantastic job in improving liquidity and the volume is getting better and better.
What is this thing about the Titanic hitting an iceberg and sinking? Rubbish. This is not the Atlantic Ocean and our sea bed is not very deep, cannot sink one. Even if sunk it will still look like floating. Nothing to worry about. Trust me. Oops, I mean trust him.
I saw on the news that SGX is going to be more targeted when it advises investors to ‘Trade with caution’. What does this mean when SGX has to put such a cautionary message? Does SGX know something is wrong, and if there is something wrong, would it be better to let the investors know what is wrong?
What about telling the investors the exact workings of super computers being plugged into the SGX? What are these computers doing, how are they taking advantage of the information they are accessible to? How many of these computers are plugged into SGX and if they violated SGX’s principle of fair play? Having such data that the public did not have, would it constitute front running or insider trading? What are the risks faced by the innocent investors trading against these computers? It would be good if SGX could educate the public on the workings of these computers.
PS. The typo errors in the above quote of TKSS is inherent in the original comment.
24 comments:
/// I think the comment about Loh Boon Chye is unfair. I think he is doing all the right things. And actually there is nothing much needed to be done as SGX is in the pink of health. The market is so vibrant, the derivative trade is doubling or tripling in volume and the profits of SGX is growing. Why should Loh Boon Chye want to do anything when there is nothing wrong with the market? When it is not broken, do not fix it. The SGX is not broken yet. ///
It's also the same with PM Lee, PAP and Singapore.
- "he is doing all the right things"
- "nothing much needed to be done as PAP is in the pink of health"
- "Singapore is so vibrant, tax collection is doubling or tripling in volume"
- "and the strong mandate has grown 10%"
Why should PM Lee want to do anything when there is nothing wrong with the PAP system? When it is not broken, do not fix it. The PAP is not broken yet.
So redbean.
Please reflect and stop complaining.
Better still, shut down your blog because nobody is listening.
At least not the 70%.
Derivatives Trading
--------------------------
"Trade with caution."
"Past performance is not a guarantee of future performance".
versus
Voting for PAP
-----------------
"Vote with caution."
"Past performance is not a guarantee of future performance".
Is the above a fair comparison?
True or not?
Fair or not?
What do you think?
/// What about telling the investors the exact workings of super computers being plugged into the SGX? What are these computers doing, how are they taking advantage of the information they are accessible to? ///
What about telling Singaporeans the exact workings of our sovereign wealth funds and how they are plugged into our CPF and reserves?
What are these sovereign wealth funds doing, how are they using the funds they are accessible to?
Do you think this is a good question to ask?
What do you think?
Haha.........
Every Stinkie and Sinkie are in the
Pink in health and wealth.
Just wear pink everyday and You
shall appear radiant.
Nothing wrong in Sin, there is still
plentiy of betting and drinking. Oops!
It is investing and not gambling.
May Sinkie Investors make money
many many in SGX.
Your remisiers will guide You to the
Fortune in the Stock Exchange. Rest
assure You're in good hands.
This Boon Chye was a Deutsche bank alumni got kick out by FT Indians.
this is Singapore.............
what is the use of kpkb n kpkb n more kpkb.......
this is Singapore......
this is the new normal.....
this is the way of life from now on.......
happy living........
cheers........
So redbean.
Please reflect and stop complaining.
Better still, shut down your blog because nobody is listening.
At least not the 70%.
December 10, 2015 9:14 am
All I want is for you to get stuck here every morning to read my shit. That would make my day.
/// All I want is for you to get stuck here every morning to read my shit. That would make my day. ///
December 10, 2015 10:07 am
Dear redbean
I read you every morning and no, I don't think what you write is shit.
I share similar thoughts and sentiments with you.
So reading your blog reassures me that I'm not nuts for disagreeing with 70% of my fellow Singaporeans.
America Summarized In One Headline: "Better Living Through Layoffs"
http://www.zerohedge.com/news/2015-12-09/america-summarized-one-headline-better-living-through-layoffs
With the sale of NOL to the French shipping company CMA CGM
Will there be retrenchments in the combined entity?
Who is more likely to be retrenched - the French PMET or the Singaporean PMET?
Which country offers better and fairer compensation for retrenchments - France or Singapore?
Who is legally easier to sack - the French PMET or the Singaporean PMET?
Hi Anon 10:25, good that you don't think what I wrote is shit. I am shitting everyday: )
Anon 10:52, you asked good question. Everywhere in the world, they always keep the best jobs for their own citizens, not cronies.
Who would go first?
Did Temasek buy into Glencore's IPO in 2011?
- below author warned of problems in Glencore as early as March 2014.
+++++++++++
Glencore CDS Are Soaring Again As Default Risk Rises Above 50%
(Dec 2015)
---------------------------------------------------------------
http://www.zerohedge.com/news/2015-12-09/glencore-cds-are-soaring-again-default-risk-rises-above-50
The trade that has kept on giving ever since it was first presented here in March 2014 as the best way to bet on the Chinese and Commodity collapse, and which has taken place just as predicted, continues to give.
As a reminder, nearly two years ago we said to buy GLEN CDS (at 180bps) on expectations of a collapse in the price of copper - the one commodity whose fate is most closely tied to that of China, and to which Glencore had the biggest exposure.
++++++++
Did Temasek buy more Glencore shares in Oct 2015?
- see article below
Glencore surges 72% on reports GIC, others eyeing stake in its agricultural business
(Oct 2015)
------------------------------------------------------------------------------
http://www.straitstimes.com/business/companies-markets/glencore-shares-jump-record-40-on-reports-gic-others-eyeing-stake-in-its
+++++++++++++++++++
Do you think it's wise to buy agricultural companies when the agricultural prices have been in a strong downward trend for the last 5 years?
Below is the 5 year price chart of DBA - an ETF that tracks a basket of agricultural products.
http://stockcharts.com/h-sc/ui?s=DBA&p=W&yr=5&mn=0&dy=0&id=p59220235820
TKSS : // Its like rearranging the deck chairs or running around redecorating the passengers cabins when Titanic has struck the iceberg and is sinking fast to the Atlantic seabed. //
SSKT: How can SGX be a titanic when even sinkieland itself is just SAMPAN 2.0?
Clue to "SSKT" ......
The PAP ways is similar to the old Chinese way of 官督商办. The supervision of commercial talent by political commissar. Somehow PAP converge into Chinese way of doing things, likely due to that Chinese culture people have same way of thinking.
I am quite sympathetic to PAP GLC commissar. This is the most stable or patriotic mode. The Chinese merchant commissar model eventually fail, because the CHinese commissar started to rob SOE and eventually become their own boss, or sold it to foreigners.
PAP commissar has a different problem. They seems to be not so competent.
Who knows who is "SSKT", pls kee chiu .....
Clue 1: He likes a type of seafood with ugly, rough, hideous, dull colour, smelly shell ......
Clue 2: Generally it sounds "VERY horny" when pronounced in dialects. ......
anon 9.14
Ah Tee ah,substance or not,
at least RB's blog enable me to improve my English from reading his blog and also learn from readers like Patriot ,Veritas ,Matilah and Virgo49...I am here to see different views and though sometimes I may not agree with Uncle RB,he wrote well.
I have not learn to perfect my English yet so stop meddling with your daddy's laptop to tell uncle to shut down.
Dun play play.
Heard that this Loh Boon Chye was a First class honours engineering graduate but has never work as an engineer all his life?
Maybe Veritas can confirm, since he knew this Boon Chye was a Deutsche bank alumni got kick out by FT Indians?
LEE BEE WAH: BEWARE! HYDROFLUX IS NOT A REAL HDB APPOINTED CONTRACTOR!
http://www.allsingaporestuff.com/article/lee-bee-wah-beware-hydroflux-not-real-hdb-appointed-contractor
----------------------
Why is it such a big deal to be a "HDB appointed contractor"?
- does this mean good quality is guaranteed?
- does this mean a reasonable price is guaranteed?
If the HDB flat belongs to me, surely I can suka suka choose any contractor I want tio bo?
But if the HDB flat belongs to my landlord, then of course I can only use the contractor approved by my landlord tio bo?
So does the HDB flat belong to me or not?
Hi Anon @4.28
These Elites wearing different mortar boards and some hum cheen peng caps (Masters/Professors/Doctors, even Honorary) have mentalities that once you are in this Upper Crust, you can do any professions or appointments as appointed.
Even, you are not in that discipline of professions, you can do it. You are trained to them a Discipline of Thoughts and even a round peg can fit into a square hole.
That's why so many cock ups and just learn along the way.
Pinky will just said- do better next time. We are determine to learn from this and serve you better.
Executioner Lao Lee already no more. Now even civil servants No Hui the Ministers. See SGH also do not follow IM and inform the another look alike North Korean Dear Leader.
They knew these Ministers are just tagging along and are learning on their ill-non experience appointments.
So, that is their Inner Circle of hood winking the masses of Peasants.
Let's take a deep breath and have a long, hard look at SGX.
In the past, a stock exchange is where you buy stocks and get paid for your investments when the company makes money. Intrinsically, this is a formula where nobody loses unless the company is no good.
Today things are different - stock exchanges all over the world are trading in derivatives, exchange traded funds... These are not companies, they don't make products to sell, they make money when people are willing to pay a higher price to buy them.
Why are the stock exchanges doing this? Look now at SGX. In the past (long, long past), the stock exchange in Singapore doesn't have to make money, it just need to cover civil servants' salaries to run an exchange. But now it's a private company, the COE wants to make money to get higher bonus. Now the stock exchange don't care what you buy, as long as you are active. Buy, sell, rubbish - doesn't matter just as long as SGX gets a cut. Exchange traded funds and derivatives are just like football betting, the SGX is like a casino for punters.
As a matter of fact, the real casino gives you better odds. You get nearly 50%. And you don't have to pay commission. And also you get free drinks.
Right, that's why must go Genting Highlands Resort at least twice a month for correct investments.
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