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| 24-Aug-2010 11:28 |
User Research/Opinions
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%%%% WORLD ECONOMIC SUMMIT %%%%
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Japan PM, BOJ governor discuss yen strength but not intervention — Prime Minister Naoto Kan and Bank of Japan governor Masaaki Shirakawa spoke by phone yesterday to discuss the economic impact of a strong yen, officials said, but they did not discuss possible intervention.AFP TOKYO Markets had anticipated stronger government pressure on the central bank to do more to lift the economy, such as further monetary easing, but no proposals were announced following the conversation. Instead the yen rose, with the conversation taken as a signal that Tokyo would refrain from monetary easing for the time being. The US dollar stood at ¥85.32 during Tokyo afternoon trade, falling from ¥85.63 in New York last Friday. The Nikkei Stock Index fell 0.68 per cent to 9,116.69, its lowest close since Nov 27. Speculation had mounted over the past week that the pair would meet to discuss the recent strength of the yen, as government officials attempted to talk the currency's strength down through so-called “verbal” intervention. However, Mr Kan and Mr Shirakawa yesterday “exchanged views on the economic and financial situation including foreign exchange moves”, Chief Cabinet Secretary Yoshito Sengoku told reporters. The safe-haven yen has strengthened beyond levels assumed earlier by many exporters, who stand to lose from its rise. For every one-yen rise in the currency's value against the US dollar, companies can lose tens of billions of yen earned overseas when repatriated, threatening a sector that Japan depends on to offset its weak domestic picture. Mr Sengoku said the government had not yet seen any reason to comment on recent foreign exchange rates, while hinting that Mr Kan was ready to hold a meeting with Mr Shirakawa again if necessary. However, some players question what Japanese authorities can achieve at current exchange levels given the unlikelihood of approval from trade partners such as the United States and recent pressure on China to let its currency float freely. |
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| 24-Aug-2010 11:25 |
Fixed Deposits
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$$$$ F D Interest Abnormalisation MLM BUBBLE $$$
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Japan PM, BOJ governor discuss yen strength but not intervention TOKYO Markets had anticipated stronger government pressure on the central bank to do more to lift the economy, such as further monetary easing, but no proposals were announced following the conversation. Instead the yen rose, with the conversation taken as a signal that Tokyo would refrain from monetary easing for the time being. The US dollar stood at ¥85.32 during Tokyo afternoon trade, falling from ¥85.63 in New York last Friday. The Nikkei Stock Index fell 0.68 per cent to 9,116.69, its lowest close since Nov 27. Speculation had mounted over the past week that the pair would meet to discuss the recent strength of the yen, as government officials attempted to talk the currency's strength down through so-called “verbal” intervention. However, Mr Kan and Mr Shirakawa yesterday “exchanged views on the economic and financial situation including foreign exchange moves”, Chief Cabinet Secretary Yoshito Sengoku told reporters. The safe-haven yen has strengthened beyond levels assumed earlier by many exporters, who stand to lose from its rise. For every one-yen rise in the currency's value against the US dollar, companies can lose tens of billions of yen earned overseas when repatriated, threatening a sector that Japan depends on to offset its weak domestic picture. Mr Sengoku said the government had not yet seen any reason to comment on recent foreign exchange rates, while hinting that Mr Kan was ready to hold a meeting with Mr Shirakawa again if necessary. However, some players question what Japanese authorities can achieve at current exchange levels given the unlikelihood of approval from trade partners such as the United States and recent pressure on China to let its currency float freely.
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| 24-Aug-2010 11:17 |
Others
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TRADE FREELY & LiVE LONGER
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The secret behind her darn smile Scientists finally uncover Leonardo da Vinci's secret technique to creating the enigmatic Mona Lisa smile Richard Gray features@mediacorp.com.sg THE secret of how Leonardo da Vinci produced the optical effects that created the Mona Lisa’s enigmatic smile can be revealed for the first time. Scientists have discovered how the artist managed to achieve his trademark smoky effect, known as sfumato, on the painting; by applying up to 40 layers of extremely thin glaze thought to have been smeared on with his fingers. The glaze, mixed with subtly different pigments, creates the slight blurring and shadows around the mouth that give the Mona Lisa her barely noticeable smile that seems to disappear when looked at directly. Using X-rays to study the painting, the researchers were able to see how the layers of glaze and paint had been built up to varying levels on different areas of the face. With the drying times for the glaze taking months, such effects would have taken years to achieve. The scientists also suspect that he used his fingers to apply the glaze to his paintings as there are no brush marks or contours visible on the paintings. Leonardo is known to have employed the sfumato effect to seamlessly blend shading together and to blur outlines. But the exact techniques used to achieve this have long fascinated and intrigued art experts. The new discoveries have been made by scientists at Laboratoire du Centre de Recherche et de Restauration des Musees de France and the European Synchrotron Radiation Facility. Writing in the scientific journal “The gradation of tones or colours from light to dark is barely perceptible. Above all, the way the flesh is rendered gives rise to many comments because of its crucial role in the fascination exerted by Leonardo’s portraits. “The thinness of the glaze layers must be underlined: It confirms the dexterity of the painter to apply such thin layers. Moreover, the measured slow and regular evolution of the thickness of the glaze layers implies that numerous layers ... have to be applied to obtain the darkest shadows. “Even today, Leonardo’s realisation of such thin layers still remains an amazing feat.” The scientists used a technique known as X-ray fluorescence spectroscopy to study the painting as it allowed them to examine the layers of glaze and paint in detail without having to take samples that would damage the masterpiece. A beam of high energy X-rays were focused on the painting which allowed the researchers to determine how the layers of glaze and paint had been built up while also giving them information about their composition. As well as the Mona Lisa, the team also studied skin tones in six other of Leonardo’s most famous paintings, including They found that each layer of glaze was around just 2 micrometres, which is some 50 times thinner than a strand of human hair.
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| 24-Aug-2010 11:05 |
Genting HK USD
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Genting HK US$
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Tuesday: 24 AUGUST 2010 11:03AM prIce actIOn 10:32:17 USD0.310 1,000,000 B f S 09:34:12 USD0.315 1,300,000 B f S 08:59:02 USD0.315 1,020,000 B f S SUPPORT DEPTH USD0.315 8,479K [ 7,667K B f S] USD0.310 15,423K [ 4,722K B f S] TOTAL 24,003K [12,389K B f S] |
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| 24-Aug-2010 10:51 |
Genting Sing
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GenSp starts to move up again
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I SENSE that LONG ACTION cOuld have started yesterday. because SECRETS KEEPING REGIME varies frOm cUltUre tO cUltUre . . . sOme hOw ? sOme tIme ? sOme where ? sOme bOdy ? cOuld have taken ADVANTAGE Of ? an ADVANCED bEnEfIt ? It is nOw jUst a PAUSE . . . tO get READY fOr the nEXT CHARGE . . . . . . . .
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| 24-Aug-2010 10:38 |
Genting Sing
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GenSp starts to move up again
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In bOth SGX and KLSE hIstOry dId any EGM eVer fall thrOugh ? bOard wOuld nOrmally secUre enOugh PROXY VOTES In adVance eVen befOre annOuncIng the EGM ? SURE wIn strategy as UsUal ?
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| 24-Aug-2010 10:30 |
Oceanus
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OCEANUS is 'a potential takeover target'?
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Tuesday: 24 AUGUST 2010 prIce actIOn 09:16:21 S$0.360 1,100,000 B f S |
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| 24-Aug-2010 10:11 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Yangzijiang Shipbuilding: Expanding yard capacity Summary: A wholly owned subsidiary of Yangzijiang Shipbuilding (YZJ) will acquire 147.3 sqm of land with 500m coastline and a wharf that is currently under construction from the local government in China. The purchase consideration is RMB107.7m, which will not have a significant impact on YZJ’s FY10 EPS. The group mentioned that it had obtained a 32% discount from the authorities as part of government support for the company’s growth. As the land is located next to YZJ’s existing production area, YZJ believes that shipbuilding capacity can be increased without incurring substantial management costs. The group also plans to readjust its production area to a more efficient layout. This announcement does not come as a surprise to us as YZJ had earlier mentioned that it has plans to increase the shipbuilding capacity of its new yard. The new yard will have an estimated production capacity of 2.3m DWT by end 2010 and there are plans to add an additional 1m DWT in 2012. We maintain our BUY rating and fair value estimate of S$1.66 (based on 12x blended FY10/11F earnings). (Low Pei Han) For more information on the above, visit www.ocbcresearch.comfor detailed report. |
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| 24-Aug-2010 10:05 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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AusGroup Ltd: Discontinuing coverage on low visibility Summary: While AusGroup Ltd’s 4Q10 revenue of A$123.2m actually rose 4.3% YoY, these gains were more than erased with gross margin falling a whopping 12.9 percentage points versus 4Q09 to 7.7%. 4Q’s loss after tax of A$5.3m compares to a profit of A$6.9m in 4Q09. We note that even if we strip out the Cactus impairment charge, AusGroup is running at a net loss for the quarter. For FY11, AusGroup expects higher revenue levels compared to FY10 but earnings are expected to remain weak. While management expects stronger tendering activity in 2H11, the key caveat is that the Resource-Tax overhang and global macro uncertainties have made “it difficult to accurately predict project opportunity timings”. At the same time, the group is moving to “rationalize” its Australian manufacturing & fabrication business. This entails both scaling back capacity and selling off equipment; our concern is this could further impact earnings in the coming quarters. With continued lack of visibility on earnings recovery and ongoing restructuring activity at Cactus and the fabrication business, a concrete turnaround in performance looks a long way off. As such, we are DISCONTINUING COVERAGE on the group [prev: HOLD, FV:S$0.45]. (Meenal Kumar) |
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| 24-Aug-2010 09:55 |
Genting HK USD
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Genting HK US$
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Tuesday: 24 AUGUST 2010 prIce actIOn 08:59:02 USD0.315 1,020,000 B f S 09:34:12 USD0.315 1,300,000 B f S SUPPORT DEPTH USD0.315 7,952K [7,171K B f S] |
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| 24-Aug-2010 09:43 |
Genting Sing
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GenSp starts to move up again
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CHIEF PROXY wOuld already have mOre than enOugh SHARE QUANTUM tO VOTE fOr the SALE mOtiOn nOte: jUst lIke In sIngapOre EGM
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| 24-Aug-2010 09:38 |
Genting Sing
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GenSp starts to move up again
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S$1.55 LOVE is OVER BYE
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| 24-Aug-2010 08:30 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Need to see whether the drop is caused by One-Off event or regular operations ? Need to see whether SUPER PROFIT TAX will be REMOVED after the Election ? Those who it is the bOttOm [like when Genting was S$0.850], they will CHEERY PiCK now. The FACT that AUSGROUP declares DIVIDEND at this UNCERTAIN TIME is a SIGN of MANAGEMENT's CONFIDENCE that this is their bOttOm. Otherwise, MANAGEMENT would nOt WASTE its CASH nOw.
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| 24-Aug-2010 08:22 |
Genting HK USD
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Genting HK US$
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Asian markets down but off lows Business Times Genting HK was also in play ahead of its results, rising 2.4 US cents to 31.5 US cents. The company controls Resorts World Manila, Star Cruises and ... |
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| 23-Aug-2010 20:12 |
Genting Sing
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GenSp starts to move up again
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| 23-Aug-2010 20:10 |
Genting Sing
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GenSp starts to move up again
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| 23-Aug-2010 20:05 |
Genting Sing
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GenSp starts to move up again
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GENTING BHD RM5 Billion IDLE CASH
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| 23-Aug-2010 19:54 |
Genting HK USD
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Genting HK US$
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| 23-Aug-2010 19:49 |
Genting HK USD
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Genting HK US$
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C&H is on daily chart.. but it is for very long term, not applicable for punting.
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| 23-Aug-2010 19:44 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Latest NewsAusGroup FY2010 earnings at AU$2.4 million Net cash flow of AU$37.3 million from operating activities Cash and cash equivalents of AU$26.4 million as at 30 June 2010 Order Book stands at AU$362 million (as of end July 2010) Proposed final cash dividend of 0.64 Singapore cents per share AusGroup Limited (‘AGL’ or ‘AusGroup’ or the 'Group') today announced its results for the three/twelve months ended 30 June 2010 (‘4Q FY2010/ FY2010’). |
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