Skip to main content

Wrong buy on Neptune Orient Lines (NOL)

It is getting clearer that my buy on Neptune Orient Lines (NOL) is a wrong and expensive one after all. In just one month, the stock has since fallen 11 per cent.

What has resulted in the drop? Fundamentals have shown the shipping industry though recovering, the possibility of shipping companies like NOL seeing red in the first half of 2010 is still real.


Last Thursday, NOL announced larger-than-expected FY2009 losses of US$741 million ($1 billion) on the back of a 30 per cent drop in revenue to US$6.52 billion. It is anticipated that the downward pressure on freight rates, owing to the oversupply of tonnage, is likely to weigh on NOL's profitability. This still-gloomy trend will affect other shipping companies too. Due to overall losses, no distribution is announced for FY2009.

Let's hope FY2010 will be a better year for the shipping industry. Looking on the brighter side, the rest of my old and new holdings still remain relatively healthy.

Popular Posts

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.
QET next week

My friend admitting to NTU this month had had their QET few days back and from them, their QET's format was straightforward and questions to me was simple. 2 close passages with some blanks for students to fill in and a 300 words essay to be written from many topics to choose from. Topics available to choose from are like "Why do you choose NTU?", "Describe one major recent event just happened in your country", "What do you want to do in the future?", etc. Very simple to write essay with 300 words limit. But then for NUS, it is a very different story. 1 close passage with many grammatical phrases underlined for you to edit and a 500 words essay to write. Before writing the essay, there will have 3 pre-reading topics for students to ponder and then a lengthy topic related article to read from. There is only ONE essay TOPIC to write on and it can be like "how your country's goverment can help reserve the originality of tourist spot…