You should hold on to NOL.

MACD shows that NOL still has room to head higher.

Genting SP on the other hand has Overbrought. High chance of moving lower.

Even today, I see a lot of Huge Buy Up in NOL, but Huge Sell Down in Genting SP.

If you want to Buy Genting SP, you should have brought it early last month.

Now is too late. Don't jump on the bandwagon, when everyone is jumping off.

This is just my personal analysis. Don't take it too seriously.

Good luck.

i believe the first thing you should do is to treat your every invest (buy/sell) as Independence case.

NOL sell or buy... depend on your strategy. If you want to cut loss...it is your decision.

Same thing, Genting... do your study then decide want to go in or not... at this price

If you link it and just jumping... very high chance you will be snowballing your loss... due to you keep jumping to a stock that was known good..(which mean others are taking profit or selling at lot of profit for you to hold)...

This is just my thought... snowball is good... but only if you are on earning, example: earn at this stock... overprice now.. .sell... then buy cheaper stock... and sell when it is overpriced...

Tags: Capitaland | City Developments | Cosco Corp. Singapore | Cosco Corporation (Singapore) | Great Eastern Hldgs | Great Eastern Holdings | Indofood Agri Resources | Keppel Land | Mercator Lines (Singapore) | Noble Group | Olam International | Singapore Airlines |Singapore Telecommunications | Singtel

WRITTEN BY THE EDGE

MONDAY, 06 SEPTEMBER 2010 08:42

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Singapore shares are likely to rise on Monday after a better-than-expected U.S. jobs data report eased investors’ fears over the pace of economic recovery and sent Wall Street rallying. Singapore’s benchmark Straits Times Index <.FTSTI> inched 0.53% higher on Friday to 3,002.56 points. Here are some stocks and factors to watch: Southeast Asia’s largest telcom firm Singapore Telecommunications (STEL.SI) may be in the spotlight after a UK newspaper report said the firm is considering a bid for FTSE 100 group Cable & Wireless Worldwide (CWP.L). The Independent reported on Sunday SingTel had contacted bankers in Asia and Europe to discuss the idea. Singtel officials in Singapore said they had no immediate comment. Developers: Singapore homebuyers are pulling out of agreements to buy new properties after the government last week introduced curbs on mortgage lending and rules on ownership of government-built apartments, the Straits Times reported, citing property brokers.CapitaLand (CAPL SP), Southeast Asia’s biggest developer, gained 0.8% to $3.94. City Developments (CIT SP), Singapore’s second-biggest developer, rose 0.4% to $11.22. Keppel Land (KLAN.SI) plans to unlock value by redeveloping one of its properties in the central business district of Jakarta, Indonesia. The redevelopment, which will take about 3 years, is expected to cost about $95 million. Singapore Airlines (SIAL.SI), the world’s second most valuable carrier, said on Friday that Executive Vice President Goh Choon Phong will succeed Chew Choon Seng as CEO when Chew retires at the end of this year. Singapore insurer Great Eastern Holdings (GELA.SI) said on Friday that Group Chief Executive Officer Ng Keng Hooi has resigned to take on a regional appointment in a multi-national corporation. Ng’s last day of service will be Sept 30.  Indofood Agri Resources (IFAR.SI), Indonesia’s top cooking oil seller, expects crude palm oil output to rise by 5-10% next year after flat growth this year as rains hindered plantation. Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, rose 0.6% in New York on Sept. 3, extending its three-day advance to 3.3%. Noble Group (NOBL SP), a Hong Kong-based commodities supplier, lost 0.6% to $1.64.Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, slipped 0.4% to $2.73. Shipping companies: The Baltic Dry Index of commodity-shipping rates gained 1.5% in London on Sept 3, extending its five-day advance to 6.4%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, increased 0.6% to $1.62. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, gained 0.5% to $13.08.Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, dropped 1.9% to 26.5 cents.

STB bullish about revenue for Formula 1

Singapore

This year, the Singapore Tourism Board (STB) have projected a sum of $100 million, as they expect foreign visitors to flock back to the race.

Speaking to MediaCorp on Friday, Chew Tiong Heng, Director of Destination Marketing at STB, said: “About 40 per cent of the spectators this year will be foreign visitors.

The season has gained traction, people are expecting and hearing the very exciting lineup that we have about the season, so we think that we are already gaining a certain kind of reputation — to deliver an F1 experience that is quite unique to this part of the world.”

The two new integrated resorts will contribute to the buzz, but STB have also unveiled several attractions as part of their 2010 Singapore Grand Prix Season.

International recording artistes like Mariah Carey and Missy Elliott have been lined up and they will be supported by 400 other acts, costing a cool $5 million.

To rev up the entertainment factor, the Singapore Grand Prix Season will also feature a week-long period (Sept 17 to 26) of Formula 1-related events.

There will be art on display, various parties to attend and the Digital Nights@Orchard to visit — a showcase of new media and digital arts using 3D, mapping familiar sights along Orchard Road.

Another feature will be the Soundpark at ION Orchard, where the highlight will be a 13-metre long Soundbox, which replicates the sound of Formula 1 cars whizzing.— The 2008 Formula 1 SingTel Singapore Grand Prix generated more than $150 million in tourism receipts, but dipped to $93 million last year, due to the economic slowdown.

Patwant Singh

fOreIgn  MAYBANK  thIrd-lEg  dEEp  pEnEtratIOn  IntO  sIngapOre  BankIng  sEctOrs

vEry  serIOUs  thrEat  fOr  lOcal  sIngapOre  banks  ? ? ? ?

frOm thIs pOInt  Onward,

sIngapOre  banks  wIll  start  tO  shrInk  ? ? ? ?

Islamic banking in the heart of Geylang Serai

Julie Quek

juliequek@mediacorp.com.sg

SINGAPORE

The bank did not disclose the details of the new Islamic financial products at Friday’s launch but confirmed they were in the pipeline and formed part of its strategy to grow its Islamic banking business beyond its domestic market in Malaysia.

The new Islamic banking branch in Singapore is located in the heart of Geylang Serai, home to a large base of Muslims.

It is part of Maybank’s bigger plans for its Islamic banking unit as it aims to be the leading Islamic bank in Asean.

Malaysia’s biggest lender also said it hoped that earnings from outside its home country would contribute a higher percentage to its overall profits over the next five years.

Maybank chief executive Abdul Wahid Omar said: “The idea here will be to grow our profit to make up about 40 per cent from our international operations by 2015.”

Apart from the Asean region, the bank also expects demand coming from the Middle East, China and India.

Analysts say that oil-enriched Middle Eastern investors are attracted to Asia as the outlook for the United States and Europe remain sombre.

Mr Raj Mohamad, managing director of consultancy firm Five Pillars, said: “Asia is very well-positioned now to offer what is commonly known as Syariah-compliant products, to attract these monies from the Middle East.”

With about two-thirds of the world’s Muslim population in Asia, there is a huge potential for retail Islamic banking products to grow, analysts said.— Maybank Singapore has launched the first dedicated Islamic banking branch here and plans to roll out home loans and motor insurance products that are based on Syariah principles.

SHORT  BANKS ??

SHORT PROPERTIES  ??

LONG  GENTING  TWINS  ??

PrOperty cOOling measures timely: Wing Tai — The measures announced by the government on Monday to cool the property market were timely as prices had gone up to unsustainable levels, according to real estate developer Wing Tai Holdings.

Wong Siew Yin

SINGAPORE

Mr Edmund Cheng, Wing Tai’s deputy chairman who said this on Friday at the launch of its luxury project Belle Vue Residences (picture), added that prices for future land tenders would need to be adjusted downwards as sentiment had cooled.

However, he said Wing Tai would not be affected too much by the new curbs.

“The measures, I think, address the upgraders’ market more. Most of our properties are all high-end, upper-middle and super high-end, so the impact is not much,” he said.

Wing Tai said 109 of its 167 units at Belle Vue had been sold. It said it was confident that the project would be fully taken up, with foreigners expected to make up half the buyers. The remaining units are priced between $2,300 and $2,800 per square foot.

But while developers such as Wing Tai may stay positive, some observers expect the banking sector to feel the impact from the recent anti-speculative measures.

Banks could see a significant drop in profit contributions from housing loans, some analysts said.

“UOB has the largest percentage based on their total income. For them, we are looking at 20 to 30 per cent of their total top line coming from housing loans.

Therefore they would be, in our view, most affected by the clamp down in the property sector, followed by DBS,” said Mr Moh Tze Yang, lead analyst at SIAS Research.

In  vIew  Of   Open rIsk  Of  near tOtal lOss

and   dIre  Of  fIxed  near  zerO  Interest  rate

bEttEr  and  safEr  tO  depOsIt  as  partIcIpatIng  sharehOlder  In

GENTING  TWINS ?

REVERSE  ANNOUNCEMENT

TRUTH #### FACT

100% DEPOSIT GUARANTEE

REDUCED  TO

S$50,000  DEPOSIT INSURANCE

Deposit insurance limit to be raised to $50,000

CLAIRE HUANG

clairehuang@mediacorp.com.sg

SINGAPORE

Singapore started the scheme in April 2006 to protect ordinary depositors should a bank or finance company go under.

In a statement on Friday, the MAS said that it will go ahead with plans to raise insurance coverage from the current $20,000 to $50,000 for each depositor at each member bank.

That means if a depositor has at least $50,000 in a bank that folds, he would get back a maximum of $50,000 instead of $20,000.

The MAS said the move was made following public consultation. Members of the public had asked for a higher coverage of $100,000. However, it pointed out that the incremental benefit is small and may not justify the cost if the amount is over $50,000.

Some 90 per cent of depositors will be covered under the scheme.

The MAS also plans to include deposits of other non-bank depositors, such as sole proprietorships and partnerships, under the scheme.

It said it did consider insuring only certain types of businesses and excluding companies but this was not ideal. There was difficulty in setting a common criteria that applied to the diverse range of businesses.

The MAS hopes to implement the revised scheme early next year.— The Monetary Authority of Singapore (MAS) plans to enhance the Deposit Insurance (DI) Scheme, including raising the insurance coverage limit to $50,000 for the individual depositor.

It's a good stock but the thing is that some retail investor has already make half a million.

Anyway, the high can go higher as it goes.

just 1 cent of my views. From the huge losses years ago(5 digits, enough to drive a car out anytime from the 2nd hand dealer) to I had gain SGD18 profit recently.

It is never a pray that will visit or not. It is often how much homework done to the counter. Homework of just listening to people cum little review or days and days of review, charting, reading reports and etc that gives me an slight edge over the other "retail" players in the market. Maybe luck and God OF Fortune does play a part.... Every counter I took is days and days of homework. I also learnt that having profit no matter how small is fine. Take it.

My losses in the past was due to my laziness, naive thinking, GREED and poor psychology mindset. If you ask me now, do I have losses? Yes. I cut loss fast. I am happy to say for now, my profit is more than losses. I use them for my son's milk powder and diapers.

Best of all, I live to trade another day. Cheers... My blog: http://www.stisingapore.blogspot.com/