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STI to cross 3000 boosted by long-term investors
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ticklish8
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04-May-2009 18:18
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May 4 (Bloomberg) – Singapore’s Straits Times index surged 108.43 points, or 5.7 percent, to 2,028.71, the highest close since Oct. 15. All but six stocks of the gauge’s 30 members advanced. The following companies were among the most active in the stock market today. Stock symbols are in parentheses after company names. Banks: Bank of America-Merrill Lynch said in a report on April 30 that it has upgraded ratings for Singapore banks, which it says have “sufficient earnings” to absorb credit losses. DBS Group Holdings Ltd. (DBS SP), which was upgraded to “neutral” from “underperform,” jumped 11 percent to S$10.50. United Overseas Bank Ltd. (UOB SP) surged 11 percent to S$12.80. The stock was raised to “buy” from “neutral.” Oversea- Chinese Banking Corp. (OCBC SP), which was upgraded to “buy” from “underperform,” added 10 percent to S$6.47. Palm oil suppliers: Crude palm oil for July delivery rose as much as 7.8 percent to their highest level since Aug. 7 in Kuala Lumpur today, as manufacturing in China expanded for the first time in nine months, boosting optimism the global economy is recovering from recession. “It’s all part of the recovery play,” said Carey Wong, an analyst at Oversea-Chinese Banking Corp. in Singapore. “Global orders down the manufacturing chain are increasing. People are buying into these hopes.” Golden Agri-Resources Ltd. (GGR SP), the world’s second- biggest palm oil producer, soared 11 percent to 41 Singapore cents. Wilmar International Ltd. (WIL SP), the world’s biggest palm oil trader, added 2 percent to S$3.65. Indofood Agri Resources Ltd. (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, gained 4.9 percent to 96 Singapore cents. CDL Hospitality Trusts (CDREIT SP), a hotel property trust controlled by Singapore’s City Developments Ltd., added 5.2 percent to 61 Singapore cents. The company said it secured a S$350 million loan ($237 million) to refinance debt. Courage Marine Group Ltd. (CMG SP), a Singapore-based bulk carrier, slid 2.5 percent to 15 Singapore cents. The company said it will post a net loss for the first quarter. Olam International Ltd. (OLAM SP), a supplier of agricultural commodities, soared 13 percent to S$2, its highest since Sept. 22. Investors are optimistic about Olam’s earnings, which are “quite resilient,” said Leng Seng Choon, an analyst at DMG & Partners Securities Pte. Singapore Exchange Ltd. (SGX SP), operator of the city’s equities and derivatives markets, advanced 12 percent to S$7, its highest since July 28. Average daily turnover in April increased to S$1.3 billion from S$946.9 million in the three months ended March, according to Bloomberg data. “It’s possible to upgrade our rating on Singapore Exchange if volume growth is sustained,” said Sue Lin Lim, an analyst at DBS Group Holdings Ltd. in Kuala Lumpur. Lim rates the stock a “hold” with a share-price target of S$6.15. Singapore Post Ltd. (SPOST SP), the city’s biggest postal service provider, added 3.3 percent to 78.5 Singapore cents. The company said profit rose 2.5 percent to S$35.3 million in the quarter ended March 31. Venture Corp. (VMS SP), the city’s largest publicly traded electronics contract manufacturer, surged 8.7 percent to S$6.48. CIMB Research raised its share-price target to S$7.50 from S$6, saying the company may write back its marked-down credit default obligations by the end of the year as credit markets improved. The company reported a 51 percent drop in first-quarter profit on April 30. For Related News and Information: Global stock stories: TOP STK GO For most read Asian stories: MNI ASIA GO World equity index monitor: WEI GO World equity valuations: WPE GO –Editors: Darren Boey, Sam Waite. To contact the reporter on this story: Jonathan Burgos in Singapore at +65-6212-1156 or jburgos4@bloomberg.net. To contact the editor responsible for this story: Darren Boey at +852-2977-6646 or dboey@bloomberg.net. |
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Livermore
Master |
04-May-2009 18:18
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Typed wrongly and key resistance of STI 1959 was broken today
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Livermore
Master |
04-May-2009 18:14
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US Dow has to cross 9088 before it can go to 10 000. So watch this key resistance. Bear rally? I doubt STI can go to 1500 but let's see. The key resistance of 1950 was broken today and if STI makes a higher lower from around 1455, it could be a bull market
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Livermore
Master |
04-May-2009 18:01
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Don't trade for small gains. In the end you end up losing more than you make
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freeme
Elite |
04-May-2009 17:47
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market cheong so much but didnt earn.. sad man. last wk just enter noble for contra @1.22 then ltr sell off with gain after 3 days. also enter indoagri @0.835 after that sell off for just a mere 0.845.. damn no luck.. |
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tweety
Member |
04-May-2009 16:56
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SGX Research - 4
May2009 AM Fraser - Market View BNP - Warrants CIMB : Day Break CIMB Trader (AM) - Trader DBS Vickers - Daily Focus DMG - Morning Insight Investment Tips - Click Here Kim Eng - Morning Buzz Lim & Tan - Daily Review OCBC Investment Research - Market Pulse Phillip - Morning Notes Soc Generale - SG Warrants Daily Stocks Call -Click here Stock Research - Click here UOB Kay Hian Research - Regional Morning Notes Westcomb - Breakfast News Westcomb - Oceanus CIMB - Global Equity Technicals CIMB - CDL Hospitality Trust CIMB - Singapore Post CIMB - Singapore Press CIMB - Venture OIR - Singapore Post OIR - CapitaCommerical Trust OIR - Venture OIR - Technicals DBS - CapitaComm DBS - CDL Hospitality Trust DBS - Hongguo DBS - Keppel Corp DBS - Singapore Post DBS - Venturehttp://onlinetrading-hub.com/others.html |
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ozone2002
Supreme |
04-May-2009 16:23
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we have lift off! 2.4 bill vol..looks like the instituitional money has joined the fun.. |
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cheongwee
Elite |
04-May-2009 14:53
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But we know this is definitely a bear rally, with all ecnomic data pointing down... enjoy and make as much before 10000 dow hit ...10000 can be easily achieve.. |
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oinkoink1999
Senior |
04-May-2009 14:05
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finally breached 2000pts..yes~!
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DnApeh
Master |
04-May-2009 13:59
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2K | ||||
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ticklish8
Senior |
04-May-2009 13:28
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HK Market report HONG KONG, May 4 (Reuters) - Hong Kong shares jumped 4.2 percent in a third straight session of gains on Monday, scaling the market’s highest level since mid-October 2008 earlier, with investors cheered by signs of recovery in China and stabilisation in the U.S. economy. Coal & steel stocks rallied strongly after China’s purchasing manager’s index (PMI) for April rose for a fifth straight month, adding to evidence that the economy may be on the path to recovery. Most investors shrugged off concern over a global H1N1 flu pandemic even after Hong Kong’s government on Friday confirmed the city’s first case of the flu on Friday in a Mexican traveller and sealed off a hotel, quarantining 200 guests and 100 staff for seven days. “The flu fears seem to be fading as the danger of it spreading seems to be lower now. On the other hand, we have China’s PMI data, which seems to signal continued recovery for the economy, yet another reason to stay bullish,” said Castor Pang, strategist with Sun Hung Kai Financial. The benchmark Hang Seng Index ended the morning session 648.11 points higher at 16,169.10, after grazing past 16,177 points, its highest level since October 15, 2008, earlier in the session. The index also topped 16,000 points for the first time this year on Monday. Turnover edged up to HK$41.3 billion from midday Thursday’s HK$41 billion. Turnover jumped to a two-week high of HK$70.9 billion on Thursday. “If turnover tops HK$70 billion again today, then it could convince the market the break above 16,000 points is real and there may be further upside from there,” said Pang. The world’s largest contract manufacturer of mobile phone handsets, Foxconn International Holdings tacked on another 17.4 percent to Friday’s 19 percent rally after a landmark cross-strait telecom deal was struck between China Mobile and Taiwanese Far EasTone . Expectations of further Chinese investments into Taiwanese companies sent shares in Taiwan’s market soaring 6 percent on Monday. Consumer goods exporter Li & Fung Ltd jumped 9.8 percent to HK$23.80, building on last week’s gains, after the company said it expected to sign more outsourcing deals within months as cash-strapped retailers in the United States looked to cut costs in the economic downturn. The outsourcing deals in 2009 could be similar in size to the one the company signed with fashion retailer Liz Claiborne Inc in February, Li & Fung President Bruce Rockowitz told Reuters in an interview last Tuesday. The China Enterprises Index of top mainland companies was up 4.3 percent at 9,471.97. China property stocks soared after Guangzhou R&F Properties said its contracted sales in April jumped 80 percent from a year earlier to 2.34 billion yuan ($343 million) and it was confident of achieving its interim sales target. The Chinese real estate developer said contracted sales in the first four months totalled 8.3 billion yuan. It gave no comparison figures. The company had set a sales target of 22 billion yuan for 2009 and about 10 billion yuan for mid-year. Shares in Guangzhou R&F were up 7.7 percent, while China Overseas Land had advanced 9.4 percent. Metal stocks jumped on the improved PMI data with Angang Steel advancing 9.6 percent, while Aluminum Corp of China added 7.4 percent China Shenhua Energy climbed 8.4 percent, while Yanzhou Coal piled on 10.9 percent. Market talk that coal miners may soon succeed in wrangling higher contract prices from power producers, after protracted negotiations, also fuelled gains on Monday, said brokers. (Reporting by Parvathy Ullatil; Editing by Chris Lewis) |
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ticklish8
Senior |
04-May-2009 13:25
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ST Market report May 4 (Bloomberg) – Singapore’s Straits Times index surged 72.38 points, or 3.8 percent, to 1,992.66 at the 12:30 p.m. local time break, set for its highest close since Oct. 15. Five stocks advanced for each that declined of the gauge’s 30 members. The following companies were among the most active in the stock market today. Stock symbols are in parentheses after company names. Banks: Bank of America-Merrill Lynch said in a report on April 30 that it has upgraded ratings for Singapore banks, which it says have “sufficient earnings” to absorb credit losses. DBS Group Holdings Ltd. (DBS SP), which was upgraded to “neutral” from “buy,” rose 6.7 percent to S$10.14. United Overseas Bank Ltd. (UOB SP) added 6.4 percent to S$12.24. The stock was raised to “buy” from “neutral.” Oversea-Chinese Banking Corp. (OCBC SP), which was upgraded to “buy” from “underperform,” added 6.3 percent to S$6.25. Palm oil suppliers: Crude palm oil for July delivery rose as much as 5.2 percent to their highest level since Aug. 8 in Kuala Lumpur today, as manufacturing in China expanded for the first time in nine months, boosting optimism the global economy is recovering from recession. “It’s all part of the recovery play,” said Carey Wong, an analyst at Oversea-Chinese Banking Corp. in Singapore. “Global orders down the manufacturing chain are increasing. People are buying into these hopes.” Golden Agri-Resources Ltd. (GGR SP), the world’s second- biggest palm oil producer, rose 4.1 percent to 38.5 Singapore cents. Wilmar International Ltd. (WIL SP), the world’s biggest palm oil trader, added 0.8 percent to S$3.61. Indofood Agri Resources Ltd. (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, gained 4.9 percent to 96 Singapore cents. CDL Hospitality Trusts (CDREIT SP), a hotel property trust controlled by Singapore’s City Developments Ltd., added 3.5 percent to 60 Singapore cents. The company said it secured a S$350 million loan ($237 million) to refinance debt. Courage Marine Group Ltd. (CMG SP), a Singapore-based bulk carrier, slid 2.5 percent to 15 Singapore cents. The company said it will post a net loss for the first quarter. Singapore Post Ltd. (SPOST SP), the city’s biggest postal service provider, added 4 percent to 79 Singapore cents. The company said profit rose 2.5 percent to S$35.3 million in the quarter ended March 31. Venture Corp. (VMS SP), the city’s largest publicly traded electronics contract manufacturer, surged 7.7 percent to S$6.42. CIMB Research raised its share-price target to S$7.50 from S$6, saying the company may write back its marked-down credit default obligations by the end of the year as credit markets improved. The company reported a 51 percent drop in first-quarter profit on April 30. |
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baseerahmed
Master |
01-May-2009 11:47
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ups and downs are part and parcel of life ... take things in its stride ... u can't change the environment ... but u can change ur attitude the fortune teller would have forewarned that u may be forearmed... count ur blessings ... there will be bright rays after the storm ... the best is yet to be ! |
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freeme
Elite |
01-May-2009 11:43
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thanks. during april the trend follow the history. If this is true, May should be a start of the selling period. But duno if it applies on other market such as STI or HSI
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scotty
Senior |
01-May-2009 10:31
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Early this year my fortune teller told me that this is a turbulent year for me because I am born in the Year of the Bull. But it seems that everyone in the world is suffering from the same misery! Economic crisis, Swine Flu etc.... |
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cheongwee
Elite |
30-Apr-2009 19:51
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Today i read my mail and come across what u want... but read with a pinch of salt... Sell in May and Go Away?By Ted Peroulakis But, is this saying based in fact or is it just some kind of myth? Last year it worked, if you sold on May 1st of 2008 and bought back in on October 31st of 2008 you would have avoided a 31% drop in the S&P 500. But, what if you go back further? I crunched the numbers back to 1950 and according to my calculations if you invested $10,000 into the S&P 500 with a strict sell on May 1, buy on October 31 strategy, you'd have more than $500,000 on May 1 of 2009. If you'd just bought and held the S&P 500 during the same period you would have less than $80,000. Hence “Sell in May and Go Away” has a history of success. But, past performance is not indicative of future returns and does not work every year. Some negatives to this strategy include higher short-term tax rates because you hold stocks for less than a year, and you pay more commissions than simple buy-and-hold investing. The “Sell in May and Go Away” strategy works due to seasonal factors like the so-called Santa Claus rallies that typically boost November, December and January performance due to holiday spending. And, April is normally a good month for the market due to optimism on the upcoming first-quarter earnings reports. Best Wishes, Ted Peroulakis
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cheongwee
Elite |
30-Apr-2009 18:16
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norm is sell in late April and early May...buy in Sept...but this may not come abt...there are not sure thing...DYODD. but this year, i think stock will rally to at most dow 10000...till sept..that is my prediction.,.pls DYODD
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freeme
Elite |
30-Apr-2009 17:57
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anyone doing research on whther MAY is a good mth to buy or sell? Previously, some report mention april is normally a good mth to buy.. |
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Livermore
Master |
30-Apr-2009 17:11
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Critical resistance at 1959 | ||||
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des_khor
Supreme |
30-Apr-2009 16:46
Yells: "Tell me who is the God or MFT from this forum??" |
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monday confirm red red as up too much too fast no logic ..... | ||||
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