Tea with AK71: $1.20 Ice Kachang.

Recently, while chatting in LP's cbox, Isaac mentioned Ice Kachang at some food centre priced at $1.50 a bowl. Some said that's cheap and that Ice Kachang costs $2.00 or $2.50 these days. Really?

I said I like the Ice Kachang at Tiong Bahru Market.  It is only $1.20 a bowl! Where to find? Tian Tian Yuan Dessert Garden, Tiong Bahru Market. Haha.. I went there for a bowl of the said Ice Kachang this evening and took some photos with my trusty Samsung phone camera:

I like Tiong Bahru Market. It is bright, airy and clean. You get a glimpse of the market here in the background:

These are photos of the Ice Kachang after I have mixed it up. Some would eat up all the ice first but I can't do it. I would get severe brain freeze!

How many attap chee? Three! Quite generous, I feel. Of course, lots of corn and lots of chendol as well!

Feel like having an inexpensive dessert, Singapore style? You know where to go. :)

Courage Marine: A dividend of 0.71c per share.

On 18 January, Courage Marine gapped up as it opened at 22c. My overnight sell queue was filled as I reduced my exposure to the counter by half. At the time, I said "The BDI has already broken the previous low and it is yet unclear where the next low would be but with greater increase in bulk shipping capacity in the near future, upside could be limited as supply outstrips demand." Recently, the BDI has found another low and has turned up:

In its press release, Courage Marine's management said that "Based on the report from Deutsche Bank on Feb 9, 2011, the BDI may experience a possible turnaround from current low level and is expected to return to normal in 1 to 2 months’ time." I expect normal to mean 2,500 or so but that would still be a lower high. The future for bulk carriers looks difficult indeed if this were the case.

I also said that "I would hold on to see if price could go higher either through further developments in its plan to dual list in Hong Kong or through a possibly generous dividend payout." Well, a dividend of 0.71c per share has been declared. Not too spectacular although it represents a dividend payout ratio of 83% based on the net profit after tax.

What would I do now? Sell into strength, if the opportunity presents itself.

See press release here.

Related posts:
Courage Marine: Dual listing.
Courage Marine: Retreating to support.