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STI to cross 3000 boosted by long-term investors
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iPunter
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12-Aug-2010 11:15
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You enjoy a good joke... hehehe...
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E-war
Veteran |
12-Aug-2010 11:12
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Haha...
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iPunter
Supreme |
12-Aug-2010 11:05
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Actually, if you look at all the counters in the market, although the STI only shows a slight market drop, many counters have broken down today... This is a sickly market... Where good money can be made by only being very selectively...  |
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niuyear
Supreme |
12-Aug-2010 11:04
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Very scared to sing that National Day Song now cos it has this phrase : '...You are my sisters, you are my brothers..'........hahahah |
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niuyear
Supreme |
12-Aug-2010 11:02
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How come only brothers come out huh? sisters never come out?
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hpong5
Master |
12-Aug-2010 11:01
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STI may rise 12%, ABN Amro says
Singapore’s Straits Times Index may climb to 3,300 by the end of 2010, boosted by demand for companies reliant on rising personal spending, according to Neo Chiu Yen, an analyst at ABN Amro Private Banking.
The level is 12% higher than the gauge’s close yesterday of 2,949.26. Neo, whose firm oversees US$21 billion ($28.7 billion) in Asia, favors consumer-related stocks such as CapitaLand, Southeast Asia’s biggest developer, and Singapore Airlines, the world’s second-largest carrier by market value. She said they will benefit from low interest rates and rising employment. The city-state’s economy expanded by a record 17.9% in the six months to June as tourism and exports surged. The government this week reiterated its forecast that gross domestic product will grow at between 13% and 15% this year, a rate that approaches the world’s fastest.
“The consumer-discretionary sector should outperform as the economic recovery extends beyond exports to domestic demand,” Neo said in an interview yesterday. “The low interest-rate environment and tight labor market are supportive of rising domestic consumption. Falling interest rates also bode well for risk assets, such as equities.”
The Straits Times Index has climbed 1% this year, extending last year’s 64% advance. The gauge’s 30 companies are valued at an average 14.1 times estimated earnings, more than the MSCI Asia Pacific Index’s 13.7 times and the MSCI World Index’s 12.8 times.
Source: Bloomberg
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ozone2002
Supreme |
12-Aug-2010 10:59
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the big drop in US didn't cause a huge fall in the local bourses.. i was expecting like 1-2% fall but it didn't materialise.. looks like the STI is supported pretty well.. buy on dip especially those food commodity related counters.. i'm still bullish on this sector... |
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rickyw
Master |
12-Aug-2010 10:57
Yells: "keep happy..." |
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meaning soon rebound?
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victorf
Master |
12-Aug-2010 10:56
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while the index is down for the last few days due to law of gravity (push and pull by external forces), Market is still writing its script and hesitating in writing the outcome for the next few months (hence no need to be too bearish or too bullish)....however, there is always a dateline to script submission, and it will be forced to be ready within a week...meanwhile, only rotational play will be in force...good luck :)
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iPunter
Supreme |
12-Aug-2010 10:56
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Being a biased bear or a biased bull is always unhealthy... Since it is the underlying cause of quarrels ... hehehe...
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des_khor
Supreme |
12-Aug-2010 10:56
Yells: "Tell me who is the God or MFT from this forum??" |
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Hi BoN bOn , Ya lor ! everywhere until this forum also have !! I need ask ghost buster for help liao !
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Bon3260
Supreme |
12-Aug-2010 10:54
Yells: "Ooo Ooo Aaa Aaa!" |
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Des_khor, Chinese 7-mth's always like dat... Alot of "gd bros" (in Hokkien) cm out... ('',)
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des_khor
Supreme |
12-Aug-2010 10:48
Yells: "Tell me who is the God or MFT from this forum??" |
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WOW ! So many GOD and MFT aroud !! btw which one more powerful ah ? | ||||
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iPunter
Supreme |
12-Aug-2010 10:45
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Once the pennies... and the 'cats and dogs', have had their turn, the party will be over for all...
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hpong5
Master |
12-Aug-2010 10:42
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STI falls on low volume...Bear Trap. | ||||
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cathylmg
Elite |
12-Aug-2010 10:40
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But don't know for how long lor...
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Integrity
Veteran |
12-Aug-2010 10:37
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More than 90% of the top volume today belong to penny stocks. Most penny stocks has not been moving when STI surge from 2600 to 3000 level and they are starting to move now. |
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niuyear
Supreme |
12-Aug-2010 10:22
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Hi hi, thanks for your concern. But, dont let warrent buffet's own dictionary of this word ""fearful"" to determine other's thinking of this word "fearful". LOL!
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Hulumas
Supreme |
12-Aug-2010 10:19
Yells: "INVEST but not TRADE please!" |
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Me too !
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iPunter
Supreme |
12-Aug-2010 10:16
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It is not just simply a matter of 'buy when some people are fearful'... More importantly, fear takes time to seep in, not in sporadic spurts. Thus, this is why downtrends come into existence. Which means, as more and more people start to fear (for their money), the market will establish a downtrend over a period of time. How skillfully one can accurately 'catch the falling knife' will be the test of one's skill in trading...
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