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Latest Posts By WanSiTong - Supreme      About WanSiTong
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21-Mar-2013 10:39 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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hen tat kaki hen tak  0.945 / 0.950 for quite sometime !!? Smiley
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20-Mar-2013 22:58 Tiong Woon   /   Tiong Woon       Go to Message
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2nd Qtr  (ended 31/12/12)  results improved significantly from a Loss of $0.4M to profit of more than $4M as compared to last yr same period! Share price of this counter has slowly improved ! Today closing $0.385

derekchong      ( Date: 25-Jan-2013 10:32) Posted:



what happen to this counter.

no buy call, px not mioving.

Tat Hong already cross $1.50.

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20-Mar-2013 22:34 Tiong Woon   /   Tiong Woon       Go to Message
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PROPOSED DISPOSAL OF 100% INTEREST IN A WHOLLY-OWNED SUBSIDIARY, TIONG WOON OIL & GAS SERVICES P/L

WanSiTong      ( Date: 20-Mar-2013 22:31) Posted:


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20-Mar-2013 22:31 Tiong Woon   /   Tiong Woon       Go to Message
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_130121130426005548257B340034E80A/$file/TWCH_Final_20March2013.pdf?openelement
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20-Mar-2013 13:56 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Extraded from YZJ annual Report 2011 (2012 is not availiable), Pg 56- Significant Accounting policies :

(iii) Financial assets, held-to-maturity

Financial assets, held-to-maturity are non-derivative financial assets with fixed or determinable

payments and fixed maturities that the Group’s management has the positive intention and

ability to hold to maturity. If the Group were to sell other than an insignificant amount of financial

assets, held-to-maturity, the whole category would be tainted and reclassified as available-forsale.

They are presented as non-current assets, except for those maturing within 12 months after

the balance sheet date which are presented as current assets.

(iv) Financial assets, available-for-sale

Financial assets, available-for-sale are non-derivatives that are either designated in this category

or not classified in any of the other categories. They are presented as non-current assets unless

management intends to dispose of the assets within 12 months after the balance sheet date.

(b) Recognition and derecognition

Regular way purchases and sales of financial assets are recognised on the trade-date – the date on

which the Group commits to purchase or sell the asset.

Financial assets are derecognised when the rights to receive cash flows from the financial assets have

expired or have been transferred and the Group has transferred substantially all risks and rewards of

ownership. On disposal of a financial asset, the difference between the carrying amount and the sale

proceeds is recognised in profit or loss.Any amount in the fair value reserve relating to that asset is

transferred to profit or loss.

(c) Initial measurement

Financial assets are initially recognised at fair value plus transaction costs except for financial assets

at fair value through profit or loss, which are recognised at fair value. Transaction costs for financial

assets at fair value through profit or loss are recognised immediately as expenses.

(d) Subsequent measurement

Financial assets, available-for-sale and financial assets at fair value through profit or loss, are

subsequently carried at fair value. Loans and receivables and financial assets, held-to-maturity are

subsequently carried at amortised cost using the effective interest method.


cheongsl      ( Date: 19-Mar-2013 07:30) Posted:



Hi dippyboy,

I don't quite get you what do you mean by 11 rmb htm asset is like CAO, what do you mean  by 6% interest as this seems to be different from their financial report? Maybe you can provide your proof for your wording why with htm asset is big time speculating?

Most company have held to maturity investment, especially in building industries. They will need vest amount of raw material, and the project is not complete within a short period. Eg. when the contract is sign, the fabrication and manufacturer might take 1 years later to start. Thus to avoid the contract from getting into loss, the company will need to hedge the material price for 1 year, so that the price of material go up the company will still get the material at the same price as 1 year ago, if it go down the company might consider loss the hedging and purchase directly outside or just complete the hedging sales. Similar go to foreign currency, hedgeing might also required.

Every normal individual also have held to maturity investment, insurance, fixed deposit, saving insurance, etc.

dippyboy      ( Date: 19-Mar-2013 02:16) Posted:



If theres a systemic default in the 11b rmb htm asset on the balancesheet, then the 6% interest to be the guarantor of such loan on behalf of the banks to take on all the default risk will make it look foolish since banks earns the other 6% risk free off balancesheet.

  Always fishy when a company went big time to speculate big on its non-core business. Sounds like another CAO if the credit bubble implodes in china. Its cheap for a good reason ........


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19-Mar-2013 16:58 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Pls be reminded the terms and conditions of posting on the SJ forum :Smiley

No.  11 ...................... Please post your comments in English.,,,,,,,,,,,,,,,,,,,,,,,,,,,,

ofcauseme      ( Date: 19-Mar-2013 16:35) Posted:

Simi lan cheow?? A nice decent forum turn into freaking melayu threat?
Alot of us are not impressed by all your abilities to speak foreign language. Must b our so called foreign talent.

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15-Mar-2013 09:19 Oceanus   /   OCEANUS (No.1 in abalone farming): Venturing into       Go to Message
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Fully agreed with you, oldflyingfox! All Huat ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhh !

teeth53      ( Date: 14-Mar-2013 21:53) Posted:



If n when bringing in a right issue or BBs like another G.Bush junior or a famous name.

Tua tua huat chai...lohh, must dream abit to huat.

teeth53      ( Date: 02-Mar-2013 00:02) Posted:

I share ur thought n agreed, should be move higher, but not in a straight line nearer to placement or right, BBs will huat huat again


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15-Mar-2013 09:12 Oceanus   /   OCEANUS (No.1 in abalone farming): Venturing into       Go to Message
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  I think there will be another round of Bull run for this stock before they raise fund!!!? 
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