Updates on trading today (times cited below are approximate):

9.05 am: Oceanus opened at 45.5 cents in Singapore, while TDR opened at NTD10.15 (44.3 Singapore cents) in Taiwan, which is higher than the listing price of NTD9.5.

Now at NTD10.15, with shares in Singapore easing to 43.5 cents.

9.20 am: No sellers! No trading, as the investors who were allocated the TDRs are not selling.

9.25 am: We twiddle our thumbs waiting for some price movement. So, it would seem that every stock is different in the sense that Oceanus' price action is very different from that of China XLX.

The latter had a fantastic high, and had lots of shares changing hands during its first day of trading in HK.

9.33 am: It's a yawn! No seller in the queue, despite 200 million TDRs being out there.
But there is strong buying interest..... Now, 208,682 TDRs waiting in the buying queue at NTD10.15.

9.50 am: Still at NTD10.15, with 106 TDRs traded so far. Queue to buy is still over 200,000 TDRs - but no seller in the sell queue.

In Singapore, price is hovering at 43.5 cents. Will it trade higher, if the market interprets positively the no-seller situation in Taiwan? No seller could mean the shareholders are holding out for a much higher price for their TDRs. (Can't be that they forgot today is the start of trading, right?)

10 am: Oi, 1 hour of trading over already.... the TDRs are not moving. Next hour won't be much different? To kill the boredom that is creeping up, can some readers predict the closing price of Oceanus today? Post it in the forum, can? We will copy over your predictions to this page. Thank you!

Yummy! Check out the Oceanus restaurant at Orchard Central.