Last Friday, Intel lowered its Q3-2010 revenue guidance to US$10.8bn to US$11.2bn from US$11.2bn to US$12bn previously.  The higher guidance was given about six weeks earlier.  Intel attributed the lower guidance to slower PC sales.    After the lower guidance, Intel is still ontrack to get 17-18% revenue growth this year.  Its gross profit margin of 66-67% is also a high number for a normal weak quarter.   

 I had an informal lunch with some academics and fund manager veterans last week to test the waters.   

 During PM's National Day Rally speech last night, he touched on crowded MRT trains.....the excerpts from his speech on transport is appended below:

 Last night during his 2010 National Day Rally speech, PM announced that there would be more property curbs.  These would be announced this morning by the Ministry of National Development.

 InvestFair 2010 was held at Marina Bay Sands......the YOG made getting their last Saturday a bit difficult for me because the roads were closed and only opend at 1pm.  Finding parking at the Convention Centre wasnt difficult especially when your daily rate could be as high as S$30.00.  The building is still under construction so signs and directions were a problem.

I dont always give recommendations on what stocks to buy.  Sometimes people give me recommendations....for me its usually on the golf course or at the 19th hole. One such recommendation was TSH Corporation......I was told it would be a four bagger.  Being a typical fundamentalist, I went down to have a look at the published financial information (results releases, annual report and Bloomberg).  Bloomberg was really out of date and referred to the company's business as being in aircraft parts, something which the company exited some years back.

 Jaya Holdings was almost a victim of the Global financial crisis.  It has since rebounded nicely following a successful debt restructuring in early 2010.  I added Jaya to my Stock Picks on June 28, 2010 after a meeting with management.  That was just after the release of their Q3-2010 results where they reported nine month net profit of S$72.4mn on revenue of S$153mn.  Jaya was and is still one of the cheapest marine related stocks in Singapore in both price to book and PER terms.

I am a panel member at the above seminar - the topic is Stock Picking Themes for 2010.  Other panelists are Gabrel Yap, Kathy Lien, Carmen Lee with Vikram Khanna being the moderator from 2pm to 3pm.  Please come down and attend to hear a diverse set of views.

 Hock Lian Seng reported its H1-2010 results which showed a 9% rise in revenue to S$118.7mn while net profit was higher by S$15.2mn.  But the profits were boosted by a S$4mn gain from sale of investment in securities - if we strip that out, net profit would have grown by 19.2% to S$11.2mn.