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STI to cross 3000 boosted by long-term investors

Isolator
Supreme

05-Dec-2011 10:52

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Yells: "STI is hard landing to below 2000..."

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To lure retails to buy from them? Or they are just too igorant to the markets... I have always repeat myself here is not trade with news or reviews, they will bring you to grave.... During this type of markets, ONLY TA got the higher chance to survive in the markets.... But once again, different people different view again.... lol

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iPunter
Supreme

05-Dec-2011 10:50

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Akchually he tikam-tikam only lah...

also got 50% chance to be right... lol... Smiley

knightrider ( Date: 05-Dec-2011 10:45) Posted:

hey cool down man.

We are here to share ideas to beat the market and make profit. Good Luck.

I give you an example.

This morning the Ch8 - there is a boss from what fund management, the TV host ask his opinion on today market open what is his prediction. The fund boss - Ah Phui, stupid enough to say the market will open in uptrend. I listen already want to laugh and rush to toilet to vomit out my breakfast. If he is smart and want to boost his company image so show his accuracy in prediction, should have said, the market will slow and all shareholders should trade with careful in mind. Why I say that, at everyday STI market, almost you see STI correction and downtrend, the prediction will be more % hit rate. HA HA HA, LOL.

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knightrider
Elite

05-Dec-2011 10:45

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Isolator
Supreme

05-Dec-2011 10:43

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Yells: "STI is hard landing to below 2000..."

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WHO is the who said F spider?? Only idoit will say that.... so simple.... lol

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iPunter
Supreme

05-Dec-2011 10:38

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In stocks, there are no idiots and no fools... and also no smart people,

All stock players are simply human and humans are prone to commit

the very follies of which humans as humans are hard-wired to commit... lol... Smiley

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jo3yloh
Member

05-Dec-2011 10:34

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If you noticed. I've never called you names. I hope the forum will finally start to know what kind of people they are following.

Isolator ( Date: 05-Dec-2011 10:31) Posted:

haha... A trick to lure out the idoit.... lol

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Isolator
Supreme

05-Dec-2011 10:31

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haha... A trick to lure out the idoit.... lol

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gavinl
Elite

05-Dec-2011 10:20

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Ha ha ha,

dont think he is refering to you lah.

jo3yloh ( Date: 05-Dec-2011 10:08) Posted:

Dude..Im still ard..Too early to laugh eh? Bth you. Force me to post. Im stupid enough to be tempted to reply you now though.

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iPunter
Supreme

05-Dec-2011 10:16

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No point for anyone to hit back and forth with bull/bear rackets...

The fact is no one knows what the market will do next...

Buy or sell are equally risky, regardless of preferred time frame... Smiley

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jo3yloh
Member

05-Dec-2011 10:08

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Dude..Im still ard..Too early to laugh eh? Bth you. Force me to post. Im stupid enough to be tempted to reply you now though.

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Isolator
Supreme

05-Dec-2011 10:06

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When markets is bad.... that idoit and fool will not appear in forum.... History keep repeating... Last man standing is also principle of trading.... Survival.... hmm...

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Isolator
Supreme

05-Dec-2011 09:57

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Hmmmm.... I am still alive with my shorts.... and it is getting more profit....hmmm...

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Sgshares
Elite

05-Dec-2011 09:56

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SYDNEY (MarketWatch) -- The Italian government approved a three-year austerity plan late Sunday, ahead of a crucial week for European leaders' campaign to save the euro zone from collapse. " This is essential to reinforce the credibility on the Italian economy but also to regain control on the very high debt and alleviate the burden on future generations of Italians," vice president of the European Commission in charge of economic and monetary affairs and the euro, Olli Rehn, said in a statement late Sunday. Rehn said the package, which contains spending cuts, tax hikes and pension reforms, " is crucial to keep the momentum in economic reform and in the political renewal."

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Hawkeye
Veteran

05-Dec-2011 09:25

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Published December 5, 2011

Private equity players smell once-in-50-years opportunities

The search is on for solid, performing assets in a distressed eurozone looking a lot like Asia 1997-98

By VIKRAM KHANNA

(SINGAPORE) Never waste a crisis - especially a big one. That's been the credo of many savvy investors throughout history. The current crisis in the eurozone is no exception.

Eurozone stars: Pemberton is selling its story to potential investors to raise a US$1b fund to buy promising European assets. To begin with, the London firm is talking to institutions, SWFs and family investment offices in the Middle East, Singapore, Malaysia and South Korea.

Although it has yet to reach its tipping point, some private equity investors are already diving in to sniff out deals.

'This is a once-in-50- years opportunity,' says Symon Drake-Brockman, managing partner at Pemberton Capital Advisors, a London-based private equity firm, which is about to launch special funds stuffed with assets cherry-picked from the wreckage of the eurozone crisis. Their first fund - to be called Pemberton Service Sector Fund One - is to be launched in January.

Mr Drake-Brockman, who ran ING's markets business in Asia from 1994-1999, is familiar with crisis investing and the situation in the eurozone looks very deja vu.

'If you go back to the Asian crisis, in late 1997 and 1998, there were no buyers for anything in Asia,' he says in an interview with BT. 'But by 1999, a number of fantastic opportunities had emerged. Basically, many companies were forced to sell very good businesses or assets because they needed capital for their core businesses. There were opportunities you would never see in normal times.

'The same dynamic is playing out in the eurozone. From a value investor's perspective, the eurozone today is, in many ways, Asia 1997-98.'

He explains that in a pre-crisis boom - as in 1995-96 in Asia or 2006-07 in the West - the holder of the assets typically has the upper hand in any negotiation. But during a crisis, it is the one with the capital who drives the negotiation.

Mr Drake-Brockman is not talking about buying distressed assets: 'The trouble with distressed assets is you might end up buying crap. Yes, you can buy stocks of some eurozone banks in public markets at 30-40 per cent of book. But there's lots of speculation about future write-downs. Besides, markets may not come back anytime soon. I would certainly not want to punt on a bank in southern Europe right now.'

His company is interested only in solid, performing assets, he says. 'We buy only those that are clean. And we do not invest in anything unless we know the balance sheet of the company inside out.'

Where does he get these assets? A major source is banks - for example, the German Landesbanks, which lend to Germany's dynamic and highly profitable small and medium- sized enterprises, the companies that dominate the German economy.

'These banks are being forced to shrink their balance sheets,' says Mr Drake-Brockman. 'Facing the prospect of higher capital requirements, scaling back their balance sheets is one way to boost their core capital ratios. So, many of them are forced to sell assets they would not normally want to sell.'

The need for more capital is only one reason why eurozone banks are shrinking their loan books some are forced to do so because they took state aid. 'Under EU rules, if Bank A takes state aid and it is competing with Bank B that did not take state aid, Bank A has to pay a penalty - and that means it has to shrink its balance sheet,' he explains.

In other cases, eurozone banks with overseas operations are cutting back their exposure abroad simply because they want to take money back to their home countries to shore up their core operations.

Pemberton Capital's strategy is to cherry-pick the loans on the banks' books. 'Some of them are high-quality loans to companies that have a return on equity of 30 per cent plus,' says Mr Drake-Brockman. 'We go through the balance sheets of every single company we look at.' Many of them are unlisted private companies, though some may be listed.

The strategy, he says, is to buy loans from several banks and then put them all into a portfolio. Later, either the whole portfolio can be sold to another buyer, or what can be listed from that portfolio is listed. Meanwhile, Pemberton's investors get dividends.

Banks aside, there are also pickings to be had from Europe's asset management industry, which is facing consolidation, according to Mr Drake-Brockman. He notes that in Europe, mutual funds have about US$37 trillion in assets under management (AUM), spread across some 35,000 funds. In comparison, the US mutual fund industry has about US$38 trillion in AUM spread across 7,000 funds. The much smaller average fund size in Europe is creating pressure to downsize, to reduce costs. This too presents an opportunity for private equity players to pick out parts of investment portfolios.

Pemberton also sees opportunity in the telecommunications sector, where the acquisition strategy is masterminded by Jean-Pierre Vandromme, the other managing partner of the firm and a former CEO of Golden Telecom in Russia.

He points out Europe has several relatively small, new telecom companies, which in recent years have been taking market share away from incumbents. Being small in a capital-intensive business, they can't tap the bond markets, so they are saddled with a lot of short-term debt. They too will be affected by European banks downsizing their loan books. Mr Vandromme explains: 'It's not easy for banks to shrink their exposure to, say, Daimler-Benz. But they can go to a small telco and say 'we have to cut your 20 million euro credit line to 10 million euros'. But that little telco really needs the 20 million euro credit line, to be able to expand its offerings. So there lies the opportunity: to buy and merge assets of smaller telcos.'

And there are some very good assets around, he adds. Some segments of the telecom markets being served by the smaller telcos are growing 20-25 per cent a year - such as VOIP services to SMEs, virtual mobile networks, managed data, and fibre to buildings. 'We believe we can create emerging market-sized returns out of this,' says Mr Vandromme.

Armed with their compelling story, the Pemberton partners are scouting around for investors to raise a US$1 billion fund to buy European assets. They are targeting institutions, sovereign wealth funds (SWFs) and family investment offices in the Middle East, Singapore, Malaysia and South Korea, to begin with.

They would not disclose whom they met in Singapore, however. 'Let's just say we're talking to the obvious players you would expect to see,' says Mr Drake-Brockman.

The response has been 'extremely positive', he says. 'Investors recognise there are opportunities in the eurozone, but they're trying to analyse what vehicles they can use to capture those opportunities. We think we have one.'

What's more, with the eurozone crisis not about to be resolved anytime soon, Pemberton believes time is on its side. 'The beauty is, we are under no pressure to buy right now,' says Mr Vandromme. 'If we can't strike a deal we like, we just say: 'see you later'.'

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victortan
Master

05-Dec-2011 03:16

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Hope mkt rally fast, so we can bail out.

The US debt ceiling will be hit in Jan , the lastest, it faces another downgrade by credit agency. And aonther recession is on the horizon, chances are high.

Be alert!!! all is still no well.

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alexchia01
Elite

05-Dec-2011 00:48

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Yells: "Catch The Stars And Ride With Them"

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My analysis on STI

Support: 2644

Resistance: 2843

More on my Blog at Alex Trades.

Good luck.

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iPunter
Supreme

05-Dec-2011 00:34

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After having being stopped out a few times (ie. whipsawed),

many are inclineded to remove 'the stop-loss' at the last minute... lol... Smiley

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susan66
Master

04-Dec-2011 23:52

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Not really, I use it all the time for crude oil. Only after I earn then set the trailing stop so won't lose back and if it continues to go up, can let the profit run. Of course if it's volatile easily get stopped out but at least you earn lesser but never lose!

tanglinboy ( Date: 04-Dec-2011 22:22) Posted:

Trailing stop is dangerous... if the market is volatile, your stop will be triggered very fast!

KiLrOy ( Date: 04-Dec-2011 14:26) Posted:

Victor Tan is right. Trailing stop would also take away the emotion as well (Just dont put funny(greedy) trailing stops).

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tanglinboy
Elite

04-Dec-2011 22:22

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Trailing stop is dangerous... if the market is volatile, your stop will be triggered very fast!

KiLrOy ( Date: 04-Dec-2011 14:26) Posted:

Victor Tan is right. Trailing stop would also take away the emotion as well (Just dont put funny(greedy) trailing stops).

victortan ( Date: 04-Dec-2011 14:16) Posted:

Just have a trailing stop, but problem is that ppl are greedy, so let greed takeover, so sooner or later profit all gone and turn to loss.

got profit ,hit trailing stop just take. That is the purpose u are buying share. Why be afraid that after you sell, it go higher.

Let the other guy have some profit also. Much better than got stuck and sitting on hugh losses.

Never be too greedy, be just greedy will do.

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iPunter
Supreme

04-Dec-2011 19:18

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When it comes to active trading, nothing can beat forex...

No need discipline, no need to be a zombie,

No need to bite nails or pull hair...

Simply place order with profit target (or let run)

and set stop loss, and go sleep soundly.

Then wake up in the morning, check the

profits, or stop out... No stress, no agonising... Smiley

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