One way to determine how cheap or expensive stocks are in the local stock market is to look at the number of net-net stocks that are available. A net-net stock is a stock with a market capitalisation that is lower than its net current asset value. The net current asset value can be calculated using the following formula: Net current asset value = Total current assets – Total liabilities In theory, a net-net stock is a steal as investors can get a discount on the company’s current assets, such as cash, after stripping off all liabilities. Moreover, the company’s fixed assets, such as properties, are thrown into the mix for free. Having said that, net-net stocks are usually businesses that are in serious trouble and have terrible business fundamentals. This means that investors who

MARKET OVERVIEW- Stocks could advance after Wall Street recovered from a technology-induced drubbing but upside could be capped as traders await China's response to the release of US tariff list on US$50b of Chinese imports, announced after market close.- Technically, the STI sees downside support at 3,390, with topside resistance at 3,440.POSITIVE NEWS*Yoma Strategic- International Finance Corporation (IFC), with the support of Canadian government, will be joining Norwegian state-owned fund, Norfund, and the group as investment partners.- An investment of US$28m via equity and debt funding will enable Yoma Micro Power (YMP) to generate and distribute electricity using solar-based micro power plants and mini-grids to power telecom towers in rural Myanmar and off-grid communities. - Post in

MARKET OVERVOIEW- Brace for a knee-jerk sell-down after US announced tariffs on up to US$60b of Chinese imports, singling out China for the first time, sparking fears of a trade war between the two economic powerhouses.- But there were few details on the product list, which will be unveiled over the next two weeks, which is likely to target high-tech sectors such as aerospace, ICT and machinery, followed by a 30-day consultation period before action is taken. There will also be restrictions on Chinese investments in the US.- But the Trump administration edged away from a global trade war by exempting EU, along with Argentina, Australia, Brazil and South Korea from its punitive steel and aluminium tariffs.- This comes amidst more political upheaval at the White House with the latest sacking

The market took a breather today. Many stocks were jammed and not moving. JEP sold down due to share consolidation. GSS Energy went up a little but it's on the high side while Allied Tech is down -3%. Cosco and YZJ were also taking a small breather and simmered. These were the 2 power house for shipping stocks but thet are sluggish today. I haven't seen Keppel Corp for some time and I think it will soon appear in the top volume with rising price. Other than that, only the banks moved and some of us who went longed yesterday made $. I will share more stocks tonight for those who registered for my talk. As of now, registrations is closed.Ronald K - Market Psychologist - A Stock Market Opportunist