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Latest Posts By pharoah88 - Supreme      About pharoah88
First   < Newer   7741-7760 of 13894   Older>   Last  

31-Aug-2010 17:34 Genting HK USD   /   Genting HK US$       Go to Message
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e Genting HK US$ S21 i -- USD 0.285
-0.005 -1.7 36,215,000 899,000 0.280 0.285 2,782,000 0.290 0.290 0.290 0.275   M    
GENTING BHD 3182 i CD MYR 9.450
 
 +0.410 +4.5 16,695,600 2,200 9.360 9.450 118,100 9.060 9.040 9.510 9.060 --
GENTING MYS BHD 4715 i CD MYR 3.020
+0.020 +0.7 11,594,200 203,000 3.010 3.020 183,000 3.000 3.000 3.040 2.990 --
Genting SP G13 i -- SGD 1.690
+0.030 +1.8 114,221,000 1,112,000 1.680 1.690 5,343,000 1.650 1.660 1.690 1.640   M    
GentingSMBLeCW120402 J2UW i -- SGD 0.185
+0.015 +8.8 306,000 30,000 0.165 0.200 100,000 0.170 0.170 0.185 0.170   M    
GentingSMBLeCW130103 L2PW i -- SGD 0.000
 
 0.000 0.0 0 50,000 0.140 0.335 100,000 0.000 0.135 0.000 0.000 --
GentingSMBLeCW130603 L0QW i -- SGD 0.185
0.000 0.0 360,000 10,000 0.180 0.190 10,000 0.180
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31-Aug-2010 17:28 Genting HK USD   /   Genting HK US$       Go to Message
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Tuesday:  31 AUGUST 2010  CLOSING

36,215,000

USD0.285  -USD0.005

Day Hi  USD0.290

Day Lo  USD0.275



Price Trades Volume Sold to Buyer Mid Bought from Seller
0.275 12 1,084,000 1,084,000 0 0
0.280 139 22,447,000 12,726,000 0 9,721,000
0.285 151 11,752,000 4,859,000 0 6,893,000
0.290 20 932,000 0 0 932,000
TOTAL 322 36,215,000 18,669,000 0 17,546,000


prIce  actIOn 

 

17:05:04 0.285 1,370,000 Bought From Seller


15:55:41 0.280 1,500,000 Bought From Seller
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31-Aug-2010 17:20 Genting Sing   /   GenSp starts to move up again       Go to Message
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31-Aug-2010 17:16 Genting Sing   /   GenSp starts to move up again       Go to Message
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stI # matrIx

GENTING * SP

stI * messIah



pharoah88      ( Date: 31-Aug-2010 17:05) Posted:

ECONOMIC  MOAT



 

S$2.10

enOUgh Is enOUgh



pharoah88      ( Date: 30-Aug-2010 17:33) Posted:

GentIng  SP

0.5%  GDP
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31-Aug-2010 17:10 Genting Sing   /   GenSp starts to move up again       Go to Message
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Tuesday:  31 AUGUST 2010  CLOSING

114,221,000

S$1.690  +S$0.030

Day  Hi  S$1.690

Day  Lo  S$1.640 

 

Price Trades Volume Sold to Buyer Mid Bought from Seller
1.640 370 8,012,000 8,012,000 0 0
1.641 1 152,000 0 152,000 0
1.642 1 58,000 0 58,000 0
1.645 1 13,000 0 13,000 0
1.647 1 3,000 0 3,000 0
1.648 1 22,000 0 22,000 0
1.649 2 41,000 0 41,000 0
1.650 743 53,095,000 17,542,000 100,000 35,453,000
1.657 1 3,000 0 3,000 0
1.658 1 4,000 0 4,000 0
1.660 327 21,776,000 9,501,000 0 12,275,000
1.661 1 110,000 0 110,000 0
1.664 1 80,000 0 80,000 0
1.669 1 17,000 0 17,000 0
1.670 251 12,996,000 3,034,000 0 9,962,000
1.671 1 33,000 0 33,000 0
1.672 3 49,000 0 49,000 0
1.673 3 40,000 0 40,000 0
1.674 1 23,000 0 23,000 0
1.675 3 148,000 0 148,000 0
1.677 3 31,000 0 31,000 0
1.678 2 67,000 0 67,000 0
1.679 2 22,000 0 22,000 0
1.680 214 10,570,000 224,000 0 10,346,000
1.682 2 34,000 0 34,000 0
1.690 21 6,822,000 0 0 6,822,000
TOTAL 1,958 114,221,000 38,313,000 1,050,000 74,858,000


prIce actIOn

17:05:04 1.690 6,613,000 Bought From Seller

16:36:41 1.670 4,746,000 Bought From Seller
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31-Aug-2010 17:05 Genting Sing   /   GenSp starts to move up again       Go to Message
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ECONOMIC  MOAT



 

S$2.10

enOUgh Is enOUgh



pharoah88      ( Date: 30-Aug-2010 17:33) Posted:

GentIng  SP

0.5%  GDP
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31-Aug-2010 17:01 Genting Sing   /   GenSp starts to move up again       Go to Message
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Tuesda: 31 AUGUST 2010

prIce actIOn

16:36:41 1.670 4,746,000 Bought From Seller
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31-Aug-2010 16:49 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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stI  crIsIs fOr :

BANKS

PROPERTIES

INSURANCES

PLANTATIONS

COMMODITIES

LOGISTICS

. . . .
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31-Aug-2010 16:20 Genting HK USD   /   Genting HK US$       Go to Message
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Tuesday:  31 AUGUST 2010 
prIce  actIOn

 
15:55:41 0.280 1,500,000 Bought From Seller
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31-Aug-2010 16:01 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Yangzijiang Shipbuilding: Pick up in orders continues; sets up design services JV

Summary: Yangzijiang Shipbuilding (YZJ) announced that it has entered into 28 shipbuilding contracts worth a total of US$914.98m [S$1.2 Billion] since 1Jul 2010.  

##OLD  NEWS  RE-HASHED ? ?##

Eight of these are containerships and the rest are dry bulk carriers. However, we note that eight contracts (worth US$298.1m) out of the 28 contracts are options to be exercised by ship owners. Another five contracts (worth US$127.4m) have been factored into the group’s order book following the receipt of initial deposits from ship-owners, while the remaining 15 contracts (worth US$489.48m) will be effective from the receipt of initial deposits.

The vessels are scheduled for deliveries from 2011 to 2013. Separately, a subsidiary of the group has signed a letter of intent with two other marine-related companies to set up a JV to provide design services for shipbuilding of commercial vessels and marine engineering projects.

We maintain our BUY rating but are reviewing our S$1.66 fair value estimate.   (Low Pei Han)

For more information on the above, visit www.ocbcresearch.comfor detailed report.
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31-Aug-2010 15:29 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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A third round of cooling measures

Millet Enriquez

emelita@mediacorp.com.sg

The new measures

Stamp duty

• Levy imposed on those selling residential properties within three years, up from one year

Curbs on buyers with outstanding home loans

• Have to pay 10 per cent in cash, up from 5 per cent

• Can borrow only up to 70 per cent of a property’s value, down from 80 per cent

Concurrent ownership of HDB flat and private residential property

• HDB owner not allowed to own private property during five-year minimum occupation period, up from three years

• Private property owners who buy a non-subsidised HDB flat must sell their private property within six months from date of flat purchase

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31-Aug-2010 15:23 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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Shorter waiting time and larger supply of flats, says Mah Bow Tan

Ong Dai Lin

dailin@mediacorp.com.sg

If you ask me whether it has got anything to do with the elections, the answer is yes. Everything has got to do with the elections.

Mr Mah Bow Tan, National Development Minister

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31-Aug-2010 15:18 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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Minimum occupation period [MOP] now 5 years

Esther Ng

estherng@mediacorp.com.sg

SINGAPORE

Now, buyers of non-subsidised public resale flats must wait at least five years before they can sell or sub-let their unit.

The lengthening of the MOP, announced yesterday, is a contrast to the previous approach of reducing the time that flat owners needed to occupy their flats.

And Member of Parliament Lee Bee Wah, deputy chairperson of the Government Parliamentary Committee (National Development), believes the “pressure” had grown on the Housing and Development Board to take action on this policy.

“We’ve had feedback from the ground that people were buying HDB flats to rent them out and not live in them,” Ms Lee told MediaCorp.

The policy change was coupled with an announcement on dual ownership of public and private housing.

[#### It is analogous tO  dual   cItIzenshIp ?  receIvIng benefIts frOm  sIdes ?  ####]

Private residential property owners who buy a non-subsidised HDB flat must sell their private property within six months from the date of purchase of their HDB flat.

Owners of non-subsidised flats are also not allowed to buy a private residential property during the MOP of their flat.

Analysts agreed the moves were meant to keep HDB flats for home ownership rather than as investment vehicles.

Reducing the MOP had liberalised the market and allowed flat owners to “monetise their asset”, but there were “undesirable” consequences, for instance, investors driving up Cash-Over-Valuation levels, resale prices and rentals, Ngee Ann Polytechnic real estate lecturer Nicholas Mak said.

“It’s the right time to do something about it, and not when polls are expected in, say, two months’ time,” Mr Mak said.

In the past, flat owners could rent their flats only after 10 years if they had paid up their loan and 15 years if they had not. This was reduced to five years in 2007, for flats bought directly from HDB or from the open market with a Central Provident Fund Housing Grant, and three years for owners of non-subsidised flats.

When asked about the reversal, the HDB said: “Despite the introduction of measures in March, sentiment to buy resale HDB flats has remained strong in tandem with the improved economic outlook.

The HDB resale price index has risen sharply, showing quarter-on-quarter increases of 2.8 per cent in the first quarter and 4.1 per cent in the second quarter.

”The additional measures reinforces the Government’s commitment to provide affordable and adequate public housing supply for first-timer households as it is designed to curtail demand from those who do not need housing urgently.

Households who buy their flats with the intent of occupying them will not be affected by this change.”

Property experts agreed that the measures would reduce speculation and short-term investment, but not without ramifications.

“Based on our recent records, about 10 per cent of all HDB resale purchases are by private property dwellers.

These may be investors who will now not be able to purchase HDB flats and keep their private property for investment purposes,” PropNex CEO Mohamed Ismail said.— It used to be one to 2.5 years. Then, the Minimum Occupation Period (MOP) was increased in March to three years.

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31-Aug-2010 15:01 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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T

Of the measures, the 70-per-cent cap on loan-to-property-value for second mortgages is the most significant as it addresses for the first time the problem of excessive liquidity in the market. Helping to soak up some of the liquidity to a lesser extent, is the increase in minimum cash payment from 5 per cent to 10 per cent of valuation.

The earlier cooling measures had addressed the problem of speculation which was not a serious problem in the current bull run.

As a result, the effectiveness of the measures were more cosmetic than real.

Much of the push towards higher and higher benchmark prices achieved in new private housing launches in recent months had come from investors with much higher risk profiles.

For this group of investors, where previously they were able to buy three similar-priced properties, they can now only afford two. So, you can say demand from this group of investors is effectively down by a third.

Even demand from novice investor buyers with lower risk profiles will be affected as I expect the majority to have at least one outstanding mortgage. This effectively means the huge upside potential for “speculative” projects such as those with many small apartments and those close to MRT stations will be severely crimped. I am not saying that there will be no profit-making opportunity, but that it will be considerably less.

But the impact to the long-term investment potential of private property investments comes not from the cap on loans but from the current measures introduced in the public housing sector.

The increased opportunities for lateral upgrading via DBSS and EC projects and the greater BTO supply have raised the risks of investing in private housing to a new level. To restore the upgrading dreams of heartlanders which have been quashed by the rapid rise in private property prices, the authorities are now providing new opportunities for them to fulfil their housing aspirations.

In place of mass-market private housing units, there will be more DBSS units and EC units in more varied locations than simply in the more remote areas such as Punggol and Sengkang. For first-timers, there will be many more BTO units put up for booking this year and the next. This has prompted some to ask whether there will be a glut in the public housing sector.

The answer is no because the occupants will still be there.

However, with many owners trying to sell them at about the same time — they would reach their minimum occupation period together — would mean that there will be little upside for HDB resale prices in the future. The lower resale values will definitely impact the ability of HDB occupants to upgrade to a private property.

In the meantime, the upgrader market for the next few years is being creamed off by the larger numbers of DBSS and EC projects in the future.

What we are seeing is the gradual erosion of market support — both now and in the near future — for the lower end of the private housing market. If there is to be a housing glut, it will happen in this segment. The glut will persist until price levels come down sufficiently low for the two markets to link up again and for the upgrading stream to resume once again.

Will this be the final set of cooling off measures? I would not bet on it. The liquidity monster is hard to tame.

The exuberance in the market may calm down for the time being — sale volumes may come down and the price rise may stall for the moment — but the problem will rear its head once again.

As it is, one avenue for the monies to flow into — namely the safe haven market of HDB resale flats — has now been effectively closed to investors.

The liquidity problem is a global one. In Singapore, we are only starting to tackle this problem. Believe me. This is just the beginning.

Just ask the Chinese authorities.he much-awaited third round of cooling measures were finally announced yesterday but with a big difference — the current set have a lot more bite than the earlier ones, which were largely symbolic.

The writer is head of research and consultancy at Chesterton Suntec International.

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31-Aug-2010 14:53 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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Finally, some cooling [3rd rOund]  measures with bite

COMMENTARY

Colin tan

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31-Aug-2010 14:46 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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T

Developers, while openly welcoming the measures, will surely be cursing under their breath. Also rumbling will be those holding property stocks which will take a little beating, especially initially. True, the measures come at a time when residential property prices, especially at the very high end, already appear to be softening. So some will feel the timing somewhat inappropriate, even a little late.

Nonetheless, prices of private homes did rise 11 per cent in the first half, while the HDB Resale Price Index recorded a high of 4.1 per cent in the second quarter, after rising by 3 per cent per quarter since a year ago.

With more than four fifths of the population in Housing Board flats, the question for many will be whether plans to ramp up supply are adequate to meetthe demand, especially from newly-weds. The HDB says “if demand remains strong”, it is prepared to launch up to 22,000 new flats next year.

[#### "iF"  mentalIty  exists  Only  In  medIOcracy ?  ####]

Why not go ahead to build these flats anyway, even if they are ahead of demand?

Surely the HDB knows exactly how many people are on the waiting list and should not be caught by surprise, as has happened in recent years leading to the current high prices of resale flats.

While raising the minimum occupation period (MOP) for non-subsidised flats from three to five years should help in dampening HDB prices, the board should reconsider the five-year MOP for first-time buyers too and increase that to 10 years, as it stood some years back.

Exceptions could be made on a case by case basis, for those who need more space as their family unit increases, or those who find they can no longer afford the bigger units now.

HDB flats are meant for long-term owner-occupation.

Moreover they are considered subsidised (they are not sold at market prices, hence the high prices in the resale market) and therefore, occupiers must bear with stricter restrictions in trading their flats.

However, the move to prevent HDB buyers from owning private property within the MOP period could be harsh on senior citizens who depend on rental income from such properties.

[**** THE  SOLUTION:  nOrmalIse  Bank depOsIt  Interest  rate  tO  6% ****]

Under the new rules, those who own private property must dispose of it within six months of buying a non-subsidised flat.

Perhaps an exception could be made for senior citizens, at least for one private property.he slew of measures introduced by the Government yesterday appears aimed at the property market speculator and should provide some relief to the genuine homebuyer from sky-high prices.

The writer is editor-at-large at Today.

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31-Aug-2010 14:31 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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Raise MOP to 10

years for first-timers

Conr ad raj

conrad@mediacorp.com.sg

Exceptions could be

made ... for those

who need more

space as their family

unit increases ...

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31-Aug-2010 14:27 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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Youth share their thoughts on National Day Rally

With much talk about the integration of foreigners and new immigrants into Singapore society, the National Day Rally on Sunday was like a “Maths lesson”, quipped project engineer Lu Qimin, 27, at a People’s Association Youth Movement focus group discussion last night.

While the participating youth realised the merits of welcoming foreigners, they also pointed out instances where they felt shortchanged as citizens.

“Sometimes when you want to integrate, you end up becoming more differentiated,” said Mr Lu.

Other participants noted that at times it was the foreigners who did not make the effort to reach out to the locals.

A few university students noted how different nationalities would stick together during lectures, but another participant pointed out that locals also tend to form cliques.

The focus groups — made up of 140 students and young working adults — were chaired by Members of Parliament Mohamad Maliki Osman, Hri Kumar Nair and Michael Palmer.

While the immigration issue was something all could identify with, housing was a greater concern for working adults.

Most of the youth were unmarried, but felt that property prices were rising faster than what they could afford. But they welcomed the authorities’ moves to help first time buyers.

Raising the minimum occupation period of resale flats bought without CPF housing grants to five years before it could be sold would lead to a drop in business for property agents like himself, noted a participant, but it would deter speculators and help “cool” the market. Neo Chai Chin

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31-Aug-2010 14:14 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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Mr Lee Hsien Loong got down to that kind of a nitty gritty approach to tell Singaporeans that he understands the issues that are making them hot under the collar and what the Government is doing to soothe the public’s pain points.

Switching from explaining to empathising to pleading, Mr Lee tackled the hot topic of immigration and foreign workers and the economic spin-offs and social spill-overs their numbers are bringing about in some depth and width.

A newbie to Singapore must have wondered:

With the country snapping out of an economic crisis so quickly and looking at a sparkling annual growth of 15 per cent and the historic hosting of a mega event like the Youth Olympic Games, why was the Prime Minister not in a mood to party?

The simple answer is that the Singaporean is not in the mood to celebrate.

He is concerned, sometimes even angry, about rising property prices, the uncharacteristic floods, the bus fare changes, the traffic jams and the jammed trains.

And an accusing finger has been pointed at the way in which foreigners have been allowed in.

Singapore’s first Prime Minister, Mr Lee Kuan Yew, was in that sense fortunate. He knew his compact with the people was to deliver high growth. Despite great odds, he delivered.

The Prime Minister who followed, Mr Goh Chok Tong, was fortunate, too. He rode on the economic reputation that Singapore had established; it grew by 6.4 per cent on average during his 14-year tenure.

If you average out the growth for the last three years from 2008 to 2010, it will hit about 5 per cent. Moving forward, that figure might even be a stretch, said Singapore’s third Prime Minister in January.

To make it more complex, growth is going to come in wild swings.

Low growth one year, negative growth another year and high growth yet another year and Singaporeans used to a comfortable and easy ride now have to tighten their seat belts for not just a bumpy ride but a roller coaster one.

Add to this the dramatic change to the social face of Singapore caused by the influx of foreign workers and immigrants and a demanding public, who said in an Institute of Policy Studies survey that they will show their unhappiness at the ballot box and not so much at dialogue sessions with the Government.

This is the kind of Singapore that Mr Lee and his team are facing. A society in transformation and a country that is becoming more complex to govern.

The announcement of the Population and Talent Division under the Prime Minister’s Office (PMO) to manage Singapore’s immigration, talent and population policies has to be seen in this context.

Singapore’s problems are becoming more complex by the day and a single ministry cannot handle them in a silo approach any more. A one-ministry solution to an issue in a complex place like Singapore can only cause more problems down the line.

Take immigration. That was seen in a narrow context of adding the cream to the economic pie. The downsides of congestion, higher property prices and social divide were not factored in.

That’s why the PMO has expanded in recent times with climate change, ageing, security co-ordination, research and development and now population and talent being added to the growing list of departments coming under the Prime Minister’s watch.

What the Prime Minister is trying to do is to make sure that holistic solutions are found to problems that are cropping up.

That will help for a while.

What Singapore also needs is a game changer, an intangible one, that will redefine the country for the next 45 years.

The Prime Minister tried to identify that by focusing on the Singapore Spirit, evoking the words and emotions of founding fathers S Rajaratnam and Dr Goh Keng Swee.

Shared values and memories and a will to make things work and do things the right way... that’s how Mr Lee identified the ingredients.

He has now got the onerous and unenviable task of moving Singapore in that direction.One of the enduring images that emerged from the Prime Minister’s speech to the nation on Sunday night was that of him flashing a map of Singapore on the big screen and pointing to where the rail transport choke points develop during peak hours.

The writer is the director of the Asia Journalism Fellowship, a joint initiative of Temasek Foundation and NTU.

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31-Aug-2010 13:53 User Research/Opinions   /   ^ Productivity ^ [Effecacy Efficiency Economy]       Go to Message
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A society in transformation, a complex country to govern

P N Balji

Switching from explaining to empathising to pleading, Mr Lee tackled the hot topic of immigration and foreign workers.

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