take profit or cut loss for contra traders

those hold long term can wait..

happy for those who sold yesterday... today we use our yesterday profits to short and profit some.

tomorrow, this stock likely gap down so hope all who profited from the upmoves and use your profits to short for more profits.

expect to see cosco retrace downward correction in coming sessions to 1.60 and lower may be.\

huat ah!

Haha .....the ship had turn back for u to board lah...

iwonder      ( Date: 15-Apr-2010 14:33) Posted: You are right......but I missed the 1.75 train ...have to get onboard at 1.77........waiting for first target at $2.00 pharoah88      ( Date: 15-Apr-2010 11:40) Posted: S$1.75  CHERRIES EXCELLENT  PICKINGS

NEWS today Thursday April 15, 2010 page 2

Growth forecast conservative: Analysts

They project 7.5% to 9.5% growth, optimistic about wages and jobs

Millet Enriquez

emelita@mediacorp.com.sg

SINGAPORE

On-year gross domestic product (GDP) growth of 13.1 per cent was the highest in 16 years, and with such a spectacular showing coming out of last year’s recession, analysts believe the economy can hit 8-percent growth for the full year — even if the rest of the quarters record disappointing growth.

Some felt the Government’s latest revised forecast was still too conservative. IMR Robert Prior-Wandesforde, senior Asian economist with HSBC in Singapore, said growth could average 9.1 per cent; Mr David Cohen, Action Economics’ director of economic forecasting for Asia, cited 9.5 per cent.

The strong showing will also translate into more jobs and lead unemployment levels to fall to below the 2 per cent level, resulting in technical “full employment” this year, the private sector economists said.

The services sector, which accounts for about 68 per cent of total employment here, is expected to be the main beneficiary. OCBC Bank’s head of Treasury Research and Strategy Unit, Ms Selena Ling, said: “With the integrated resorts coming onstream, demand for tourism-related manpower is expected to increase significantly.”

She also expects companies to adjust wages and bonuses to reflect the improved economic conditions, estimating nominal wage growth to be about 4 per cent on-year.

Better job prospects are already apparent in the manufacturing sector, the economy’s star performer with 139 per cent on-quarter growth in the first three months. Mr Renny Yeo, president of the Singapore Manufacturers’ Federation, said some of its members are already hiring but cautioned the spree could be curbed by the rising labour costs and the Government’s plans to tighten its foreign worker levy policy.

Still, analysts reckon the spectacular growth in the manufacturing sector, which was supported by the biomedical and electronics sector, may not be sustainable. “At some stage, the restocking momentum will also start to fade off,” said Mr Kit Wei Zheng, economist at Citigroup.

DBS economist Irvin Seah agreed and said he expects a pullback in the pharmaceutical sector due to the industry’s volatile nature.

Going forward, the services sector will likely become the economy’s new star performer as it is poised for record growth, economists said.

“Export orientated industries will also continue to benefit from the extremely strong and, in my view, sustainable recovery in the regional trade cycle,” said HSBC’s Prior Wandesforde.— After the first quarter’s stunning performance, private sector economists are now revising their growth forecast up for the year to between 7.5 per cent and 9.5 per cent, a tad higher than the Government’s revised projections announced yesterday.

TEMASEK

MAJOR

SHAREHOLDER

pharoah88      ( Date: 13-Apr-2010 10:43) Posted: pharoah88      ( Date: 13-Apr-2010 10:39) Posted: COSCO GOVERNANCE SAFEGUARDED

what is the Total  number of shares  held by TEMASEK ?

sEEms  LiKE  TEMASEK  WiLL  appointment a 

DiRECTOR  On  COSCO  BOARD

iwonder      ( Date: 14-Apr-2010 22:09) Posted: Just to update on this counter: Temasek annouced today that they have accumulated another 1.4 mil shares on 9 April 2010, on the back of earlier purchase on 8 April 2010. pharoah88      ( Date: 14-Apr-2010 17:21) Posted:   S$2.12