By: musicwhiz May 2008 is turning out to be a very interesting month indeed as there are a couple of positive events relating to the companies I own. In addition, China Fishery and Swiber had also released their 1Q 2008 results yesterday and I am pleased to say that both saw good growth in their businesses, with earnings registering growth of 33% and 184% year-on-year respectively. Inflation continued to be high in Singapore and the effects of the sub-prime crisis are still felt now and then when a US company announces a major write-off, but it seems like the worst part of the crisis may be over. Hopefully, the cleaning up will begin soon to let banks weed out all their lousy debts and to build up confidence in their lending abilities. During May, cyclone Nargis hit Mynamar and caused untold suffering and pain to the poor residents there. It is estimated that in excess of 100,000 may eventually die from the effects of this disaster. Recently too, a major earthquake measuring 7.9 on the Richter scale hit the Sichuan province in China, resulting in over 20,000 deaths and untold suffering. I urge all readers to join me in offering a prayer for the victims of these natural disasters, and to hope that aid and assistance can be swiftly delivered to enable them to rebuild their lives. Please also help to contribute whatever you can to charitable organizations to help these unfortunate people. Below is the summary of my investments and related news as at May 15, 2008 (STI at 3,207.43 points).:- Read more...