Shanghai Metro and XinTianDi

I was in Shanghai last week and went to Metro Shanghai and XinTianDi. Metro Shanghai is located in Xin Jia Hui, one of the most popular crowded area, like orchard road in Singapore . It was very crowded even in the weekdays.
















It is a famous IT complex outside Xin Jia Hui Station.
















On my other day, I met up with my China friends at Xin Tian Di. It is a high class night entertainment area with alot of foreigners. It has very colonial background and according to my China friends, the land in XinTian Di went up from 8-10 K to 40K RMB per Sqm once Shui On announced the builidng of the site.


I am quite optimistic on this gem as Metro is still trading below NAV of 1.2+ and I believe once Metro Beijing comes onstream, profits will continue to roll in. A China Reit could be in the offering as well :)

INTEGRATED RESORTS PROJECT AT MARINA BAY

Something made my day today and tomorrow ! :) Clinching the Marina is a fantastic results! Next Sentosa will be much easier as the contracts will be farmed to local contractors.

I have full confidence this will continue to reach greater heights. With Tat Hong as a strong backer, look for it to go into Middle East. Vietnam will is in the infancy stage of industrailization will be next. $1 ? let's see.

The Board of Directors (“The Board”) of CSC Holdings Limited (the “Company”) wishes to
announce that its wholly owned subsidiary, L&M Foundation Specialist Pte Ltd has been
awarded a contract by Marina Bay Sands Pte Ltd for the Marina Bay Sands Integrated
Resort Development, Package 2220 – Construction Contract for Piling and Diaphragm Walls
(Podium North).
This contract sum is approximately $240 million. Works are scheduled to commence in June
2007 and expected to be completed in February 2008.
This contract is expected to contribute positively to the financial results of the Company and
its subsidiaries for the current financial year.
None of the directors or substantial shareholders of the Company has any interest, direct or
indirect, in the above contracts.
By Order of the Board
Lee Quang Loong
Company Secretary
Date : 21 May 2007
About CSC Holdings Limited (“CSC”)
CSC is a foundation and geotechnical engineering specialist. CSC offers a full range of
design-and-build capabilities includes Large Diameter Bored Pile, Diaphragm Wall, Driven-Pile,
Jack-in-Pile, Micro Pile and Soil Investigation & Instrumentation.

Intelligence not linked to wealth, according to US study

WASHINGTON (AFP) - Intelligence has nothing to do with wealth, according to a US study published Tuesday which found that people with below average smarts were just as wealthy as those with higher IQ scores.
"People don't become rich because they are smart," said Jay Zagorsky, research scientist at Ohio State University whose study appears in the Journal Intelligence.
The US Bureau of Labor Statistics survey included 7,403 Americans who have been interviewed repeatedly since 1979. Based on 2004 answers, people who are now in their mid-40s showed no link between brain- and earning-power.
"Your IQ has really no relationship to your wealth. And being very smart does not protect you from getting into financial difficulty," Zagorsky said.
The study confirmed previous research which has shown that smarter people tend to earn more money, but pointed out there is a difference between high pay and overall wealth.
"The average income difference between a person with an IQ score in the normal range (100) and someone in the top two percent of society (130) is currently between 6,000 and 18,500 dollars per year," it said.
"But when it came to total wealth and the likelihood of financial difficulties, people of below average and average intelligence did just fine when compared to the super-intelligent."
An irregular pattern of total wealth as well as financial distress levels -- such as maxed out credit cards, bankruptcy and missing bill payments -- emerged among the various degrees of intelligence, the study said.
The study measured intelligence based on scores from the US Armed Services Qualification Test, a general aptitude test used by the Department of Defense

First Deal as Property agent

I signed up as a property agent with Propnex a week ago. Propnex by the way is the biggest property agency in Singapore.

And quickly after spreading some leads via SMS, I was pleasantly surprise to have a return SMS. It was from my NUS friend's brother, who is looking for a Orlando condo in Toa Payoh.

I quickly replied contacted him to get his needs and perference and start to source for potential units to meet his criteria.

Wish me luck

Soccer - European Championship AC Milan 3- Man U 0

Stayed up early morning to catch the soccer game.

AC Milan was simply breathtaking, superb passing, 1 touch football and simply fast.
Kaka was amazing ghosting pass defenders, and precise strking.

Man U on the other hand played misery.
1) Man U always looked half a step too slow. They played as if they had weights on their legs.
2) They were tactically wrong also. They played both wingers Giggs and Ronaldo at opposite flanks. You can confuse teams at lower rungs but against top notch team like AC Milan, you are simply giving them a handicap. What is Ferguson thinking ?
In the first half, the flank by Ronaldo was simply non-existance, I think both goals started from there. Ferguson only realised this in the 2nd half, but by then the damage was done.

I guess luck has to play a part too. Man U had to play Everton just 3 days ago, while AC Milan rested their key players as Inter is already the champion. Man U just look jaded.

Going forward, they should get at least 4 top players if they still want to challange for top European honours. 2 players to replace Giggs and Scholes (both above 30). 1 more defensive midfielder and a top striker.

PUM $98 Mio shipbuilding contract

Scrutinize the business - not the stock price. Its just gets better and better

Market move ahead of news announcement. This ensures steady increasing profits till 2010 and fat dividends too :)

PAN-UNITED MARINE LIMITED

Press ReleaseClinches Singapore’s first ultra-large AHTSvessel shipbuilding contract
􀂉 1st Singapore yard to build 30,000bhp AHTS vessels
􀂉 S$98m contract lifts orderbook above S$570m
􀂉 In line with focus on higher value-added projectsSingapore,

3 May 2007 – Pan-United Marine Limited (“PUM” or the “Group”) todayannounced it has won two shipbuilding contracts, worth a total of S$98 million, to buildtwo UT788 CD anchor handling, towing, and supply (AHTS) vessels from repeat client,Lewek Shipping Pte Ltd, a subsidiary of Mainboard-listed Ezra Holdings Limited (“Ezra”),a fully integrated support services provider operating a wide spectrum of vessels for theoffshore oil & gas industry.The two 30,000bhp AHTS vessels will be built in PUM’s Singapore yard for delivery inend 2009.