HY Markets.

Who are HY Markets?

“HY Markets is a division of the Henyep Group, a global diversified conglomerate with business in financial services, property, education, and charity spanning 3 continents and 20 countries worldwide. The Henyep Group of companies are registered and authorized in world-leading jurisdictions including London, United Arab Emirates, and Hong Kong. This provides clients with the comfort and security of a global institution.

"HY Markets provides investors with efficient and direct access to all their trading needs. Start trading with the security of an FSA regulated company."

                                                                                                                                (Source: HY Markets website)

There are many reasons why a trader should deal with HY Markets:

Henyep Group companies are authorized and regulated by world leading financial authorities providing clients with global access to capital markets. It has the following licenses: FSA, DFSA, SFC, HKEx. Moreover, Henyep has over 30 years of gold trading experience and is a member firm of Hong Kong's Chinese Gold and Silver Exchange Society.

I would like to highlight the most important points here:

1. It is regulated by FSA in UK.

2. It has total transparency and security of the world’s financial centers.

3. Of many advantages is that HY Markets has a long history. It has been serving investing community for more than 25 years.

To read up on their history, click here: Group History.

HY Markets is also famous for its multi trading platforms:

Offering both Revolutionary Web-based Trading and desktop platforms. Each platform has its advantages, for example: Web-based trading platform (which you do not need to download) could be accessed anywhere with Internet connection.

HY Markets has a complete product offering. It can meet all the trader needs. You can trade Forex, oil/gas, metals, commodities and stocks. In addition, you can buy long and sell short all the products. It has up to 400:1 leverage.

HY Markets has Personalized Customer Support. 24/7 customers are supported by phone, email or chart. They have experienced staff and help desk in local languages. Moreover, they offer VIP services.

HY Markets offers variety of trading tools:

For examples, it offers: daily economic calendar, currency conversion, Live Reuters news, glossary of terms and charts.

HY Markets offers a demo account.

In addition, they have a section on education with video tutorials. Where a beginner can learn trading basics: an introduction to margin trading and investing (margin trading basics, order types and understanding account information).

Furthermore, they provide traders with technical analysis. You may learn to use charts and statistics to make investment decisions: chart types, indicators and patterns, trend analysis.

Also, HY Markets gives fundamental analysis. The beginner can learn the ability to forecast market movements by analyzing: economic data announcements and news, macroeconomic factors.

It is always easy to stay updated with HY Markets. They provide traders with daily market commentary. Receive daily updates on all major capital markets and stay on top of your investment decisions!

Starting an account.

HY Markets has very easy opening procedure. You can start trading just with $50 in 5 minutes and you can fund account with credit card.

HY Markets offers variety of live accounts. They have MINI Account where you can start trading from $50 and up. It has up to 200:1 leverage. and 1/50 premium contract which is good for beginners.

You can choose STANDARD Account where the starting trading amount is $750 and up. It has up to 200:1 leverage, 1/10 premium contract.

HY Markets offers PREMIUM Account as well. You can start from $2,500. It offers up to 200:1 leverage, regular contract sizes.

Spreads at HY Markets start as low as 2 pips.

Finally, HY Markets offers CUSTOMISED and Islamic accounts to meet the demanding needs of all investors. Such service includes tailor-made accounts customized to individuals' needs, personal dealers, and dedicated account executives.

Visit HY Markets today: English language homepage.

Advertorial

A movie: John Carter.

From Academy Award®–winning filmmaker Andrew Stanton comes “John Carter” — a sweeping action-adventure set on the mysterious and exotic planet of Barsoom (Mars).

“John Carter” is based on a classic novel by Edgar Rice Burroughs, whose highly imaginative adventures served as inspiration for many filmmakers, both past and present.

The film tells the story of war-weary, former military captain John Carter (Taylor Kitsch), who is inexplicably transported to Mars where he becomes reluctantly embroiled in a conflict of epic proportions amongst the inhabitants of the planet, including Tars Tarkas (Willem Dafoe) and the captivating Princess Dejah Thoris (Lynn Collins).

In a world on the brink of collapse, Carter rediscovers his humanity when he realizes that the survival of Barsoom and its people rests in his hands.

Watch the trailers at Disney Studios Singapore: here.

AK71 gets recognition from the government!

Some time back, I wrote about how I was asked to take part in Eldershield. That blog post generated many good comments, putting forth arguments for and against me taking up Eldershield.

In the end, I decided to take up Eldershield because of an appeal by LP, the blog master of "Bully the Bear". He said "...  I wish to appeal to your sense of public charity - help contribute to the pool of money so that those poor elders can insure against this risk at lower premiums." That more or less made up my mind for me.

Today, as I was going through my mail, I came across one that had the words "ON GOVERNMENT SERVICE" together with our national crest on the envelope. I experienced palpitations.

A traffic offence? I flipped the envelope and saw the return address: "NSSC, 1, Depot Road, Singapore 109681." Wah! Being called up for reservist? Or did I forget to inform MINDEF that I would be going overseas before my last trip?

I opened the envelope and this was what I saw:

Paragraph 2 is of the greatest interest to me:

"In recognition of your contribution to National Service... you are entitled to an annual deduction of $1,500 from your taxable income... "

Of course, the letter also reminded me that I am ageing.

Related post:
Tea with AK71: Eldershield.

LMIR: 4Q 2011 results.

In recent weeks, I noticed that in some publications including The Business Times which compare high yielding stocks in Singapore, LMIR's distribution yield was overstated probably based on historical quarterly DPU. Historically, LMIR's quarterly DPU hovers at around 1c.

Recently acquired Pluit Village.

Personally, I estimated the DPU after acquisitions and rights issue to be closer to 3.26c per annum which works out to be 0.815c per quarter.

As a reader correctly pointed out not too long ago, the first DPU after the recent acquisitions and rights issue is likely to be lower because the acquisitions would have only been completed in December 2011. Indeed, DPU for 4Q 2011 (Oct to Dec 2011) is 0.53c, including contributions from recent acquisitions for the period of 6 December to 31 December 2011.

Income distribution is payable on 16 March.

Plaza Medan Fair.

This lower DPU likely disappointed Mr. Market as LMIR's unit price dipped from the start of the trading day, closing 1.5c lower at 39c but not before touching a low of 38.5c. If we were to annualise the quarterly DPU of 0.53c, it would mean an annual DPU of 2.12c or a distribution yield of only 5.3% based on a unit price of 40c. This would be a mistake, however.

Any investor with a longer term perspective should not worry as this much lower quarterly DPU is probably temporary. Over time, even my estimate of 3.26c in annual DPU should be surpassed, all else remaining equal.

Some numbers:

NAV/unit: 60c.
Gearing: 8.7%
Ave. cost of debt: 6.7% p.a.

See slides presentation: here.

So, should we rush to buy units of LMIR now? Not me. Why?

Although its unit price has declined from the ascribed fair value of 41c which sees a distribution yield of 7.95% with an estimated annual DPU of 3.26c, there could be more room to fall. This could happen once the REIT goes XD.

A doji was formed today as price closed lower. A doji suggests indecision and this could be due to the fact that the REIT is still trading CD. However, a gapping down is bearish. The very high volume on a down day reinforced the bearish picture.

The MACD has made a bearish crossover with the signal line which suggests that positive momentum has weakened. MFI and Stochastics are nowhere near oversold and we don't have a buy signal. If anything, the bearish divergence we spotted some time back is being played out now. The uptrend is broken.

It remains to be seen if immediate support at 38.5c as provided by the declining 100d MA would hold. If it should give, next support is at 37c which is where we find the upturning 50d MA.

Related post:
LMIR: A slow and steady climb.

STI breaks 3,000 points and stays above 3,000 points!

Although I am keeping to my pledge to spend more time with my family this year, I am also blogging less frequently because work got a bit more demanding.

I might have some spare time occassionally but instead of blogging, I just feel like spending time with a book or watching some movies on my iPad.

I know that some readers are lamenting the recent paucity of blog posts in ASSI and I apologise if I have disappointed.

Anyway, let's talk about my investments. I am now between 50% to 60% invested, closer to 50% is my estimate. With the bulk of my investment for passive income, I don't really have to do very much apart from looking at quarterly reports and receiving regular passive income.

On the real estate front, I am keeping an eye on developments as, after selling my properties last year, I am on a constant lookout for developments in good locations at fair prices.

3,011.68  Up 24.27

Enough of generalities. I put on my blogging cap this evening because the stock market rallied today and broke the 3,000 mark on high volume. The bull has legs and anyone who is still staying on the side with almost 100% in cash could be feeling quite despondent now.

Personally, I experimented with partially divesting some of my investments in REITs in the hope that prices would weaken upon XD to supports so that I could accumulate on weakness. This gambit has fared poorly, unfortunately for me.

AIMS AMP Capital Industrial REIT, the second largest investment in my portfolio, rocketed to an intraday high of $1.10 before closing at $1.085. Fundamentally, it is still undervalued although technically, $1.10 could be a resistance to watch. The next higher resistance is at $1.125 while support is at the former resistance of $1.025.

My original plan of buying on weakness at 97c or so has to be shelved for now.

Sabana REIT, the largest investment in my portfolio, has tested its recent high of 91.5c yet again. Immediate support is at 90c. See the higher lows formed since early August 2011 while price repeatedly tested the gap resistance and gap fill at 91c and 91.5c?

Could Sabana REIT break resistance and go higher as well? My original plan to purchase more units upon retracement to stronger supports starting at 87c is also being shelved for now.

What is most satisfying about today's rally for me is the long white candle formed on the back of much higher volume for CapitaMalls Asia. The downtrend is well and truly broken. An uptrend is firmly entrenched. Notice how volume has been increasing as price rose from the bottom formed in late December last year? This rally should be durable because volume has been increasing.

Using Fibonacci lines, we see that price closed today at where the 123.6% Fibo line approximates. This is likely a weak resistance and would crumble in time. Golden ratios are at $1.70, $1.75 and $1.795. With half of my investment in the stock at $1.45 and lower, I might take some profit off the table if these ratios should be tested.

30% of my investments are between $1.60 to $1.80. The balance are at $1.80+. These, I might divest to limit losses especially if things look toppish. For now, it looks like price could go higher in the near term. Good luck to one and all.

Related posts:
AIMS AMP Capital Industrial REIT: 3Q FY2012.
Sabana REIT: 4Q 2011 results.
CapitaMalls Asia: Net profit up 42.6%.