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.

Good and cheap(er) pineapple tarts.

Chinese New Year is round the corner and I see pineapple tarts for sale everywhere! I have a severe weakness for pineapple tarts, you know.

I felt so tempted by the yummy looking tarts but they were all so expensive. $18 to $20 for a small container is quite normal. Nope! I refuse to give in to temptation. Actually, being turned off by the price tags made it easier to deny myself any gastronomical satisfaction.

Lucky for me, a friend recommended this brand which is being sold at NTUC Fairprice supermarkets.

450gm of yum yum!

Now, it is not the cheapest on offer at $7.80 for 450 gm but it looks quite good. I brought it home, left it in the kitchen and the next day my sister told me that my niece ate 6 pieces at one go. Verdict, it must be good!

Actually, it reminds me a bit of the ones sold at Bengawan Solo but with a smaller price tag.

Er, I am not related to the "Chewly" brand in any way and this is not a paid advertorial. Just sharing what I think is good value for money. Enjoy!
-------
P.S. I just looked at my Deals.com banner in the right sidebar. They have some special offers from more atas establishments for pineapple tarts. You might want to check these out. (9.50AM)

This sounds like good value for money:
CNY Cookies (Choice of any 3 Boxes)
– Only $20 instead of $54
- pineapple tarts ($7.80 for 1 box instead of $18)
For your convenience, here's the link: Pineapple Tarts.