SG Strategy: UBS has SG strategy report. House note that SG economy forecast to grow 1-3% in 2012, 3Q11 GDP +6.1% YoY, Industrial output +24.4% YoY, CPI in Oct +0.4% MoM. NODX in Oct -16% YoY, and -5.9% MoM on a seasonally-adjusted basis. Below are house recommendations:
SG Banks - Stick with growth loan growth momentum continues, DBS is top pick as its NIMs may have bottomed out, and as it is willing to grow its loan book.
SG Property Outlook - The drag from economic uncertainty is likely to persist and hurt growth. Prefer defensive sub-sectors like Retail and Industrial, key picks are CMT, FCT, AREIT, and MINT, cautious on developers but like UOL and GLP.
Industrials -
Singapore technology engineering: maintain Buy, Valuations remain attractive
Sembcorp corp industries: maintain Buy, attractive valuation, strong utilities earnings
Sembcorp marine: Steady 3Q11 results, special dividend potential
COSCO: margins remain questionable
Telcos – Singtel: Buy, defensive stock for volatile times
Starhub: remain Neutral, lack of catalysts.
Transportation – HPHT: attractive yield, defensive play
Tiger Airways: still a fragile business.
Comfort Delgro: Overseas shines, CDG on hunt for more.
SATS: Q2 earnings satisfactory earnings without Daniels.
SIA: 2Q profits dip no surprise from low cost proposal.
NOL: Lower EPS on poor Q311.
SMRT: Tough ride for public transport operators.
Consumer, Commodities and others Spore Traders: Reiterate defensive.
Noble: expect fiscal stimulus and the potential spinoff to unlock value for the company.
Olam: demand remains defensive (maintain Buy and top pick).
Wilmar: looks fairly valued (maintain Neutral).
Others:
Genting Singapore: Q3 below expectations cautious outlook
Venture Corporation: Recovery not in the near sight
OSIM International: Wooing Chinese consumers
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STI to cross 3000 boosted by long-term investors
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krisluke
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30-Nov-2011 18:45
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SG Strategy |
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belgeran
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30-Nov-2011 18:45
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ah?.. but why would it kiss red if dji closes nice tonight ?
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JUNWEI9756
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30-Nov-2011 18:40
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Hmm that's why I like to accumulate shares when Dow futures are in deep red :) don't be shock if STI kisses red Tmr :)
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belgeran
Veteran |
30-Nov-2011 18:21
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oo.. well the market is super in the green now =D | ||||
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iPunter
Supreme |
30-Nov-2011 18:02
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lol... that has evolved to be a highly sophisticated game... lol... 
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jo3yloh
Member |
30-Nov-2011 18:00
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They will release the good news tonight for a big green tomorrow. i just hope dont gap up too much..
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JUNWEI9756
Supreme |
30-Nov-2011 16:28
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Good news and bad news always exist ... At all times.. So.... Tonight they will publish the good news :)
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wangwa
Senior |
30-Nov-2011 16:26
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wow..what's the reason for surprisingly green tonight?
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JUNWEI9756
Supreme |
30-Nov-2011 16:21
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Bro... DOW will be surprising tonight :) Surprisingly green :)
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Sgshares
Elite |
30-Nov-2011 16:14
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Wah...still hold tight and trying pump & dump again.... | ||||
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Sgshares
Elite |
30-Nov-2011 15:52
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I prefer to secure my profits ...be it small or big. lol
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Sgshares
Elite |
30-Nov-2011 15:51
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Salute! lol
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JUNWEI9756
Supreme |
30-Nov-2011 15:46
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I love to accumulate when dow's futures are in deep red :)
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Sgshares
Elite |
30-Nov-2011 15:40
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DJ Dow Jones Industrial Average Futures Down 105 Points In Screen Trade | ||||
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iPunter
Supreme |
30-Nov-2011 15:35
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Sifu means " soo ga kor ga lao " (pants drop)?... lol...
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Sgshares
Elite |
30-Nov-2011 15:28
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GLOBAL MARKETS: European Stocks Expected To Slip At Open -- S& P's downgrade of several global banks weighs -- But euro-zone leaders make progress on debt situation -- Attention turns to a slew of economic releases for direction By Ishaq Siddiqi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European stock markets are expected to slip at the open Wednesday, as Standard & Poor's move to downgrade its ratings for several global banks overshadows Tuesday's efforts made by European leaders to address the region's debt crisis. On Tuesday, S& P downgraded its ratings on 15 global banks as part of a widely expected change in how the ratings company forms its opinions on financial institutions. The move changes how S& P factors into bank ratings the level of governmental support, removing what it had seen as an assumption that governments would keep the big banks from failing. Although S& P began warning the markets more than a year ago that it was revising its ratings, the announcement comes at a time when the markets for bank debts are fragile, said IG Markets. " This move has essentially overshadowed the progress that had been made in Brussels Tuesday with regard to leveraging the European Financial Stability Facility bailout fund, but after the upbeat start we've seen to the week--and against the prospect of month-end rebalancing--the fact the sellers are moving back in can be of little surprise," it added. Against this backdrop, IG expects European markets to come under pressure early Tuesday, calling London's FTSE 100 index down by 48 points at 5289, Frankfurt's DAX index off 35 points at 5765 and the CAC-40 index in Paris down 27 points at 3000. Progress by EU leaders, however, has helped to lift market sentiment in recent days. On Tuesday, euro-zone finance ministers gave the go-ahead to their EUR5.8 billion share of an EUR8 billion tranche of bailout funding for Greece. At the same time, the International Monetary Fund is expected to approve its EUR2.2 billion share on Dec. 5. " It seems traders are giving European officials the benefit of the doubt that they can get something together to keep the euro together," added IG, noting that traders are now expecting something " game changing" from officials designed to install confidence in the bond market ahead of the EU summit on Dec. 9. In the currency markets, the euro gained mildly against the dollar soon after the outcome of the euro-zone finance ministers' meeting, but the risk-sensitive common currency subsequently gave up most gains as Asian stocks weakened on S& P's downgrades to 15 global banks. By 0707 GMT, the single currency was at $1.3298 against the dollar, from $1.3316 late Tuesday in New York, while the dollar was at Y77.92, from Y77.93. In other asset classes, oil was under pressure, with January Nymex crude futures down $0.51 at $99.28 a barrel. By contrast, traditional safe havens such as gold and core government bonds rose. Spot gold was at $1,718.90 a troy ounce, up $3.10 from its New York settlement on Tuesday, while the December bund contract was up 0.52 at 133.91. In Asia, Japan's Nikkei Stock Average fell 0.5% and South Korea's Kospi Composite was also off 0.5%. Hong Kong's Hang Seng Index slumped 1.5% and China's Shanghai Composite gave up 3.0%. On Wall Street Tuesday, however, stocks notched a second straight day of gains Tuesday as a surge in consumer confidence buoyed investor sentiment. The Dow Jones Industrial Average rose 0.3% to 11555.63, while the Standard & Poor's 500-stock index added 0.2% to 1195.19. Traders now look to Wednesday's U.S. economic indicators such as Automatic Data Processing private jobs data at 1315 GMT, which is widely considered a precursor to Friday's key monthly nonfarm payrolls report. Other data from the U.S. includes the Chicago Purchasing Managers Index release at 1445 GMT, followed by pending home sales at 1500 GMT and the Federal Reserve's Beige Book at 1900 GMT. Closer to home, Germany will publish its unemployment rate report at 0855 GMT, while the euro zone as a whole will publish its unemployment rate release at 1000 GMT. Also at 1000 GMT, the euro zone will release harmonized consumer price inflation data. Outside of macro releases, the regular monthly EcoFin meeting starts in Brussels at 0800 GMT. -By Ishaq Siddiqi, Dow Jones Newswires +44-20-7842-9488 ishaq.siddiqi@dowjones.com (END) Dow Jones Newswires November 30, 2011 02:25 ET (07:25 GMT) |
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wishbone
Master |
30-Nov-2011 15:23
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Yes. Then the busybodies will talk, predict,report and write about it. And later there will be many many " dead bodies" (" shoe ka thng kou " = Lost until drop pants). Haha!!! 
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Sgshares
Elite |
30-Nov-2011 15:15
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EU ministers warned of potential Italy insolvencyMADRID (MarketWatch) -- European finance ministers meeting on Tuesday evening were told Italy is at risk of insolvency, with a potential devastating impact on the euro and big economies of Germany and Spain, according to a confidential report obtained by the Guardian newspaper. The report from the European Commission and the European Central Bank said Italian Prime Minister Mario Monti would need to take deeper steps to combat his country's crisis, such as fighting tax evasion. The report said that without a determined policy response, risks of a full-blown sovereign liquidity crisis could ramp up. " Persistently high interest rates increase the risk of a self-fulfilling 'run' from Italy's sovereign debt. A liquidity crisis could then turn into a solvency crisis, whose repercussions for other large euro-area countries would be very acute given their exposure to the Italian economy," the report said, according to the newspaper. Spokespersons from the ECB and EC did not immediately return calls for comment. |
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Isolator
Supreme |
30-Nov-2011 14:34
Yells: "STI is hard landing to below 2000..." |
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At least 1% red for europe..... lol
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Sgshares
Elite |
30-Nov-2011 14:33
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EUROPEAN MORNING BRIEFING: Shares Seen Lower Edgy Hopes For Euro Zone SNAPSHOT: ======== European bourses seen lower, bunds, gilts mixed euro, spot gold up oil futures easier -U.S. Stocks Futures Lower S& P Cuts 15 Global Banks -UK Consumer Confidence Remains Weak In November -French Fin Min: President Sarkozy Will Unveil EU Treaty Changes Proposals Dec 1 -ECB's Stark: 'No Doubt There Will Be A Euro A Year From Now' -EFSF's Regling: Leveraging Up Bailout Fund Will Take Time -FCC Says AT& T Merger Plan Failed To Meet Public Interest -Euro-Zone Fin Mins Agree On Greek, Irish Loan Disbursements -Companies Prepare Contingency Plans For Possible End Of Euro -FT -Confidential Report Warns Of Dire Italy Crisis -Guardian |
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