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STI to cross 3000 boosted by long-term investors
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pharoah88
Supreme |
05-Jul-2010 13:06
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Singapore: · The S’pore economy looks set for a steller Q2 GDP headline growth again - April-May industrial production data remained impressive (+54% yoy), and the May Purchasing Managers Index continued to improve to 52.2 (manufacturing) and 53.7 (electronics). However, retail sales disappointed despite the continued pickup in visitor arrivals with the opening of the second Integrated Resort. Nevertheless, barring a further deterioration in the European debt crisis with contagion to Asia, full-year domestic GDP growth is likely to be upgraded from the current official 7-9% forecast. China’s announcement on 19 June that it will proceed with the reform of RMB exchange rate system after a 23 months’ pause fuelled initial market hopes for Asian currencies. However, the latest bout of de-risking has contributed to the SGD NEER retreating below the 1% handle towards the month-end, albeit our view remains for an inherent drift back towards the strong end of its perceived fluctuation band. The SGS bond market should remain supported in the coming month given the current market angst over the European stress test and concern that the global recovery story may be losing traction, even as key central banks adhere to the “low for longer” bias for interest rates. The latest $2.5b 2-year SGS bond re-opening fetched an average yield of 0.49% with a 3bp tail and a bid-cover ratio of 2.1x. The next SGS bond issue is a new 20-year on 1 Sep. |
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E-war
Veteran |
05-Jul-2010 12:22
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No big trend in sight? | ||||
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alooloo
Veteran |
05-Jul-2010 11:46
Yells: "I am not young enough to know everything. " |
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Probably tomorrow would be similar to today... |
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risktaker
Supreme |
05-Jul-2010 11:43
Yells: "Sometimes you think you know, but in fact you dont" |
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Expect the unexpected :) |
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Hulumas
Supreme |
05-Jul-2010 11:28
Yells: "INVEST but not TRADE please!" |
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STI is head in SEA region by itself! Ha. ha.. ha...
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alexchia01
Elite |
05-Jul-2010 11:03
Yells: "Catch The Stars And Ride With Them" |
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I do agree with you that market is neutral now. But Buying must be very selective. I'll go on Defensive Mode in this market condition.
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ozone2002
Supreme |
05-Jul-2010 10:55
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who's wearing the uruguay's flag underwear?
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Hulumas
Supreme |
05-Jul-2010 10:51
Yells: "INVEST but not TRADE please!" |
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Don't worry, no one stops you doing that!
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Hulumas
Supreme |
05-Jul-2010 10:49
Yells: "INVEST but not TRADE please!" |
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It looks normal to me, expecting STI 2,900, me...... I expect more i.e. STI >3,662 within this year!
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ozone2002
Supreme |
05-Jul-2010 10:48
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tmr i wear holland flag underwear outside my shorts... keke | ||||
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pharoah88
Supreme |
05-Jul-2010 10:35
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STi has nO hEad nOw | ||||
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iPunter
Supreme |
05-Jul-2010 10:33
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Hahaha... Incidentally, I think those Super Heros (male or female) who wear underwear outside are simply thinking out of the box... hehehe...
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victorf
Master |
05-Jul-2010 10:33
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it is strange to see one put a cap for STI to be 2900....as the market is now in "NEUTRAL and BUY ON DIP" mode...no cap seen short term as least for the moment....our call is always as precise and with no hindsight....good luck :) | ||||
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Farmer
Master |
05-Jul-2010 10:29
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I read, appreciate and respect your comments here... however, even if one is correct most of the time, there will be exceptions.... but "most of the time" already qualify to make lots of $$ liao. Cheers!
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niuyear
Supreme |
05-Jul-2010 10:21
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Let the Big boys and Big girls decide theh STI direction. | ||||
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Farmer
Master |
05-Jul-2010 10:20
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Fyi.... I dun and never want to short you know. Its like gambling and robbering others of their wealth. 
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ozone2002
Supreme |
05-Jul-2010 10:16
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STI upside capped @ 2,900... downside 2663.. u decide ur risk reward ... |
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alooloo
Veteran |
05-Jul-2010 10:01
Yells: "I am not young enough to know everything. " |
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Yeah... this is so true...
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iPunter
Supreme |
05-Jul-2010 09:54
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You are right... Since buy or sell have are equally risky at any moment, It becomes all a matter of who can bet more systematically. The ones who know the method of betting systematically will make money. And as in a betting game, those who are staunchly opinionated and have strong egositic views about the stock market's direction are guaranteed to go "pok!" sooner than later...  |
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victorf
Master |
05-Jul-2010 09:50
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not much meat for shortists short term....US market oversold....this week will put the first nail to shortists...good luck :) | ||||
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