More smoke free areas from 15 Jan!

NEA is going to step up enforcement in the next 3 months and people who flout the new rules could be fined up to $1,000.



Of course, we know that smoking is bad for smokers. We also know that it hurts the health of the people around them. Then, why smoke?

Furthermore, with cigarettes so expensive, it makes sense for Singaporeans who are smokers to consider quitting. Buy a pack of stuff only to light up and inhale pollutants into the body?

Burning money and messing up the body. That's what smoking is. Where is the good sense in that?

Smokers beware! The bigger expenses will come in future in the form of medical and hospitalisation bills. Smoking kills in more ways than one!

People who are investing for a more secure financial future should not smoke.

Marco Polo Marine: Still cheap.

I have not sold my shares in Marco Polo Marine as its price rose in recent weeks. In fact, I am looking to add to my long position if its share price should do a retracement to support.

OSK Research on 18 Jan 13:
Marco Polo Marine is enjoying 20% premia on its vessel charter rates in Indonesia, yielding a 50 - 60% gross margin on its Offshore Support Vessels (OSVs), due to the severe supply shortage in the country caused by the cabotage law. Target price: 61.0c.

Marco Polo Marine could be continually re-rated upwards over time.

For anyone patient enough, investing in Marco Polo Marine could be very rewarding. It is still under-appreciated and I hope it stays this way for a while more.

Drawing a Fibo fan, it is easy to see that the 20d MA is the immediate support and it also coincides with the 50% line. Share price could move higher from here, hit the 38.2% line before retracing to test the 61.8% line for support or it could move up from here in a fresh attempt to form a higher high. The resistance to watch is at 43c.

Related post:
Marco Polo Marine: Will buy more on pull back.