fugitiv07

Opinions on IVL, CCET.

IVL has taken over an Italian company that makes some kind of petrochemical making IVL the largest producer of a certain type of petrochemical. IPO a few months back was at 10 baht. They were in the SET earlier under a different name (IRP). What do you guys think about this stock? Trading at 17.50 currently.

CCET producers of electronic items. Jumped quite a bit yesterday from 3.04 to 3.24.

ExpatJ:

Yes, TTA's share price and BDI have been closely related.

Agreed, there have been alot of new buildings which are due this and next year. Some shipping companies who've had to deal with a tight money supply and have failed to provide subsequent installments of the newbuildings, therefore And there have been quite a few dockyards that have gone bankrupt as well. I read a paper a few months ago on the staggering number of delays of newbuildings meaning there is still a short time window. Also take into consideration the accelerated scrapping of ships.

TTA and PSL operate ships of sizes of around 30,000 dwt. The real crisis that has come is in ship sizes of about 50,000 dwt.

My take is that these 2 shares will be moving sideways and continue to pay nominal dividends to their shareholders.

Posted earlier but I'll post again.

TTA, PSL are both dry bulk cargo shipping companies. And very little of their trade is to do with Thailand.

Being bulk cargoes shipping mostly cement, iron ore, coal, soyabeans and other commodities mostly of non corrosive nature. Very few of their ships even come to Thailand. As coal transport (Australia-China) has been a hot route. Soyabeans from South America to US/Europe etc.

Apart from the above TTA and PSL are very different when it comes to strategy.

TTA has diversified into coal business (taking over UMS) and fertilizer business (took over a company in Vietnam) and into oil drilling. And I guess they'll integrate all their business in the long term. TTA likes to fix its ships on a short term basis meaning their average income/fleet is highly volatile. Lately (after the crisis) they have made some amends, but still relatively short as compared to PSL.

PSL likes to fix its ship on a long term basis (even as much as 3-4 years). They've even fixed their newbuilding ships which has yet to join its fleet. The 2 cement carriers meaning they will have a guaranteed stream of revenue coming for them in the future. They have newbuildings which are going to arrive starting Q3 2010. Have ordered about 18. They've said they'll be hunting for 2nd hand ships on discounted rates. Currently they have about 20ish ships. They'd like to go back to about 50. Same story with TTA more or less on the number of ships.

Looking at the volume of shares being traded at PSL and TTA, TTA has a higher volume owing to the fact that most of its shares are in the market. About 50% of PSL shares are in the hands of a few owners, meaning only 50% left to be traded on the stock exchange.

Whether the stock price would go up/down in the future is a hard question. Both companies have strong fundamentals and are making money. Depends on the SET, BDI as well. BDI is not directly related with dry bulk cargo sector as investors normally think. Its the JE Hyde Index which is more closely related, but its a herd mentality.

As for world new buildings, there have been quite a lot of newbuildings that have been delayed and fleet which are above 20 yrs have been scrapped. Read an article a few months back to this sort but dont know the exact figures.

Dividend yielding stocks, maybe you could do a search on the SET website.

My choice, if I have to go for a dividend yielding stock would be property funds. And the only 2 property funds that have a decent volume would be QHPF and CPNRF. Central after the recent troubles might be a good buy. CPNRF hasnt come down much for some reason. CPNRF historical data on their divident can be found here http://www.settrade.com/S13_FastQuote.jsp?...p;selectPage=7a

I am guessing this time around their divident wouldnt be as much. QHPF, safer option in my opinion.

As for other stocks, blue chips are safer bet rather than going for medium or low cap stocks. If you're too lazy to do your own research there are many equity funds that you can invest in.

I am using deecall service (www.deecall.com).

Load their application on your BB/Iphone. All international calls are directed through their service. Applications makes a call through their system, and the call is forwarded beyond. You dont have to make any changes to your contacts on your phone.

Very cheap and clear. USA, Europe, other asian countries around 2-3 baht/minute. True move has cheap rates for USA but not other countries as far as I know.

Its a corporate post paid service. Meaning you have to submit your company documents in order to apply. Though they have another deedial service, but the rates are slightly more expensive and works differently I think.

Abhisit is a nice guy at the wrong place at a wrong time.

Suthep and Anupong are pulling the strings. I just hope he mans up and fires them both (wishful thinking). Abhisit probably thinks deep inside that he is not a legitimate PM. Had he won elections and become PM I think he would have had a moral high ground to fire them both.

As for reds, Abhisit handled the situation better than we all thought. Heck if you keep pushing the army into a corner, prepare to get shot.

No court martials for army personnels involved in Tak Bai incident whatsoever as yet.

Same with the war on drugs.

Abhisit we are waiting.

As for the Yellows threatening to come out in 7 days. Let them come out and Abhisit should make it clear that any violence between the reds and yellows and he would not be responsible. Unfortunately people have to see more bloodshed to knock sense into them.

Try Nana. Nefertiti.