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Genting SP Next Move
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Juz_Invest
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28-Jul-2010 14:35
Yells: "Price Up = Dont Be Happy! Price Down = Dont Be Sad." |
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Five Places To Invest Before You Retire While the start of this year was all about the misery of the PIIGS, the rest of the year is likely to focus on the mastery of the STINC. That would be Singapore, Thailand, Turkey, Indonesia and Chile, five under-appreciated corners of the earth unsullied by over-spending, over-confidence and over-exposure. These five countries have been doing all the little things that add up to one big year--and probably a big decade to follow. Each are nascent export powerhouses that can hold their own in any conversation about places where businesses and companies are just getting it done, without glamour or bright lights. It's amazing what can happen in countries that don't borrow their way into oblivion, and focus on the important task of creating value through hard work, demographic growth, fiscal restraint and infrastructure investment. These are elements that major countries like the United States and China once cherished, but were lost in their breakneck rush toward growth at all costs. The STINC countries are not a fad, and suffered their own stress tests years ago following the Asian currency crisis and Latin American bond scare. Their companies will be in your portfolio 10 years from now when they're really big and this is an old story, and so you might as well start now when they're medium-sized or even small and participate in their growth. To make it easy, their exchange-traded funds are iShares Singapore (EWS), iShares Turkey (TUR), iShares Thailand (THD), Market Vectors Indonesia (IDX) and iShares Chile (ECH). In this article, I'll discuss the first three countries:
Let's start with Turkey, which is a fascinating case study that shows how small, reform-minded governments can grow while the rest of the world struggles. According to analysts at Capital Economics in London, Turkey's "near-term outlook is the brightest in emerging Europe." CapEcon analysts expect Turkey's economy to grow by 6.5% this year, 4% in 2011, and 4.5% in 2012. While that's not exactly on par with China at 8%-plus, the secular Islamic country is doing it without central planning or a bloated banking system. Growth is being driven by three factors. First is a robust bank sector with expanding loan portfolios that are making credit easy for good businesses to acquire. Compare this to the clampdown being suffered in places like Greece and Spain as financial institutions try to work off bad loans. Second, Turkish exporters are enjoying great success thanks to a devalued currency and a competitive economy. Countries like Greece, which use the euro, don't enjoy as much flexibility in currency rates. And third, Turkey enjoys a broad export base. It's not dependent on Western Europe or its own middle class for sales. In fact, the country sends only 45% of its exports to Europe while it sends 20% to the fast-growing Middle East. Turkish construction companies are among the most active and respected throughout the oil-producing regions of the Persian Gulf.
Now turn your attention to Singapore. Finance officials of the island nation announced last week that their economy had expanded at a record 18.1% in the first half of the year--stark evidence that South Asia has managed to shrug off Europe's sovereign debt crisis and the muddle in the U.S. economy. Singapore's gross domestic product expanded at a 26% annual pace in the second quarter from the previous three months. Growth in the first half was the fastest pace since records began in 1975, prompting the government to predict GDP will rise as much as 15% in 2010. Two casinos run by Genting and Las Vegas Sands Corp. (LVS) opened in February and April this year. The casinos include your standard slot machines, baccarat tables and roulette wheels, but probably the most impressive is an amazing Skypark atop one of its massive hotel towers, which includes an infinity pool 40 stories above the city. Researchers at Capital Economics say that manufacturing has led Singapore's growth after leaders took advantage of low construction and materials costs during the 2008 slump to double capacity in the pharmaceuticals and electronics industries. Construction output is also being lifted by new residential and commercial projects on the edges of the island. Of course, the pace of expansion will inevitably drop back in the second half of 2010 to a more sustainable pace in the low single digits, but even that will be remarkable. No wonder Singapore owns that world's third-largest sovereign wealth fund, and has been reportedly picking up prize properties in countries like the United States where prices are still soft.
Now cue Thailand. In the news for its attempted coup attempt earlier this year, Bangkok has been the center of a remarkable financial comeback. It was crushed in the Asian currency crisis of 1998, and yet a dozen years later has come back much stronger. Its exports have risen this year the most in two decades, eclipsing a record set before the global financial crisis. Exports rose a stunning 46.3% in June from the month a year ago--the fastest pace since at least the early 1990s. Most economists were expecting a gain of 34.5%. Auto makers Ford Motor Co. (F) and General Motors Co. have been contributing to the success, announcing plans to expand production facilities in recent months. The Bank of Thailand raised its benchmark interest rate to 1.5% last week, stating that it expects growth in 2010 to run higher than 5.8%. The International Monetary Fund likewise has raised its forecast for Thai growth this year to 8%. That has made the country a major consumer of steel, iron and energy even though it has a trade surplus in the first half of the year of $2.3 billion. Sales to the United States and Europe were up 37% in June over the year-ago-month, and sales to China were up 26%. How is this possible? Well, a lot of European, U.S. and Japanese companies are moving factories to Thailand from China to avoid labor strikes, higher prices, corruption and other problems they've encountered there. The Yomiyuri Shimbun reported that the annual salary for a Chinese Honda worker can run as high as $4,500 to $5,500 in China; wages are about one-third lower in Thailand. Mitsubishi Motors Corp. (MMTOY, 7211.TO) said earlier this month that it would set up its third factory in Thailand with an initial investment of $464 million to build a new global small car. Other Japanese auto makers are already in Thailand to take advantage of low prices and a good export infrastructure, including ports and rails. Toyota Motor Corp. (TM, 7203.TO) has three assembly plants in Thailand, making 550,000 cars a year, and anticipates adding production in 2013--making it the company's export base for all of Asia and the Middle East. Political risks are not being ignored, as the country's capital was under siege earlier this year amid a protest. But the incident was not uncommon in Thailand's rough and tumble history and the resolution was considered positive. More STINC next time, when I'll outline the case for Indonesia and Chile. And in further reports, I'll talk about individual companies and look into what makes them, um, not smell as bad as many of their U.S. and European counterparts. |
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niuyear
Supreme |
28-Jul-2010 14:13
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dragon boat race from orchard to bukit timah Louis 大人 can view from Bukit Timah Hill Top see dragon boat races and see stars and drink calsberg.
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Speeder
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28-Jul-2010 14:04
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They come here river swim and see PCK, dont play play, haha.
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alooloo
Veteran |
28-Jul-2010 13:58
Yells: "I am not young enough to know everything. " |
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why you rule out the option of 賽龍舟 in orchard road.....??? i am looking forward for it....
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niuyear
Supreme |
28-Jul-2010 13:45
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After F1 races, the next event will be non other than bicycle events of bicycle race on the newly opened cycling tracks....from tampines to no where. lol!!! |
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niuyear
Supreme |
28-Jul-2010 13:42
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More tourists will want to come to see the Flood in singapore and also interested in the New Water and how it taste like. | ||||
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Juz_Invest
Member |
27-Jul-2010 22:51
Yells: "Price Up = Dont Be Happy! Price Down = Dont Be Sad." |
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950,000 tourists visited Singapore in June950,000 tourists visited Singapore in June  SINGAPORE: Visitor arrivals rose 26.7% year—on—year to reach 950,000 in June, the highest ever recorded for the month. It is also the seventh consecutive month of record visitor arrivals. The Singapore Tourism Board (STB) said the strong performance was driven by the improved regional economies, enhanced shopping experiences such as the Great Singapore Sale and efforts to market Singapore. STB said visitors from Indonesia (214,000), Malaysia (93,000), India (83,000), Australia (75,000), and China (69,000) accounted for more than half (56%) of the arrivals in June. 14 out of the 15 top markets registered positive year—on—year growth in June this year. China (+65.8%), Malaysia (+51.3%), and Hong Kong (+48.2%) registered the highest growth out of the top 15 markets. STB said hotels’ average occupancy rate posted a 12.3—percentage—point increase to reach 88 per cent. The average room rate increased by 22.7% over June 2009 to reach an estimate of S$219 in June. STB expects to see about 12 million visitors for the year. It is optimistic it will meet this target, even though Singapore has barely crossed the halfway mark, with about 5.5 million visitors up till June. |
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AK_Francis
Supreme |
27-Jul-2010 20:19
Yells: "Happy go lucky, cheers." |
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Dear comrade, u r right, 2 more mth for Carlsberg liao. But got to know my collegue, she dumpped all her holding today. She didn't read my mail loh. Nonetheless, profit made ok liao loh. Ha ha, AK got confidence on ds burger. My brother in law, in Msia, paper gain 7k Rm liao. Better than FD there loh. Cheers.
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sbkm999
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27-Jul-2010 17:23
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now gt wat news abt genting...y suddenly price up so fast? or BB controlling again...reach 1.26+...same period when news announce they get the casino license |
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Speeder
Member |
27-Jul-2010 17:20
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Accumulate turbo charger?
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Speeder
Member |
27-Jul-2010 17:16
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Two more months of beer supply, haha.
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JJSeng
Senior |
27-Jul-2010 17:14
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Wow!! last 5 minute appox 32k lots buy up...
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alooloo
Veteran |
27-Jul-2010 16:39
Yells: "I am not young enough to know everything. " |
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positive outlook
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Speeder
Member |
27-Jul-2010 16:07
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Ok remember to call me first !!!!!!!!!! My legs shorter need to run if necessary, haha.
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Speeder
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27-Jul-2010 15:46
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How do you know the short started? | ||||
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hpong5
Master |
27-Jul-2010 15:19
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Just remember to run when they start to short anytime. | ||||
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niuyear
Supreme |
27-Jul-2010 15:18
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Mr Lim cant act alone in buy and sell. but, our SGX, which is having Dual action i.e. a Regulator and, an Operator , can have better picture .
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pharoah88
Supreme |
27-Jul-2010 15:11
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EXCELLENT TRADE HISTORY REPEATS
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hpong5
Master |
27-Jul-2010 14:29
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The way the technical chart appeared is unreliable. The BB/MM dictates the pattern of the chart through their heavy buying and selling. | ||||
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Speeder
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27-Jul-2010 13:08
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Wrong number !!!!! Ask GENS Mr Lim, haha.
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