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STI to cross 3000 boosted by long-term investors
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richtan
Supreme |
12-Apr-2009 16:24
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Buying at Resistance?? The full writeup from Invest@sgx: [Sunday, April 12, 2009 | 0 comments ]
The STI is going to gap up on Monday for sure. However, that will just bring STI one more step closer to the resistance of the channel now.
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Livermore
Master |
12-Apr-2009 08:25
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Market is going to head higher. See the trend not the news | ||
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richtan
Supreme |
12-Apr-2009 02:49
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From Philips Capital: Conclusion There are several factors in the inter-market picture that point out to us that the STI might be heading lower. The first is the strength of the US Dollar in the short term. At this juncture, the Dollar seems to be leading the way for the commodities and equities markets. A stronger Dollar would likely drag the equity markets down. The second is a momentum divergence in the S&P 500. Generally, the STI is correlated with the S&P 500 in terms of direction. A falling S&P 500 should influence the STI. The STI has also run up rather sharply and is coming off after rejecting the 1850 to 1860 region. Short term momentum for the S&P 500 and STI tell us that the odds for point towards lower prices. Support levels for the STI are 1735, 1700 and the 1655 to 1660 region. On the other hand, the above scenario would be invalidated if the STI pushes above 1820. This would indicate to us that momentum is picking up and the forecasted
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richtan
Supreme |
12-Apr-2009 02:13
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Opps, repaste after copy as text from pdf, as dun know why keeps get truncated at the end part. z z z z
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richtan
Supreme |
12-Apr-2009 02:05
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U have been forewarned, dun chase after stocks or u will get burnt, the writings are all over the wall. From Lim & Tan Securities: After George Soros and Marc Faber’s warning that the recent market rally is a bear market rally and a correction is imminent, Investment Officer and MD in Asia also said that he thinks the recent bear market rally is coming to an end as companies start to report bad results. Aberdeen’s Chief�� predicting the current credit crisis said in an interview with Reuters that there’s still more bad news ahead for the US economy and the bear market for stocks is not over yet. He said that macro news, earnings news and financial shocks are going to be worse than expected and that is why he believes that this is still a bear market rally. Prof Roubini who became famous by correctly�� the earliest to warn about the current banking crisis has forecast yet another rough year for banks and that these companies still have ways to go as they continue to shed toxic assets and raise capital. Meredith Whitney who became famous by being�� IMF is expected to increase their toxic asset loss forecast by financial institutions from US$3.1trn to US$4trn, even surpassing Prof Roubini’s US$3.6trn
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aleoleo
Master |
11-Apr-2009 10:36
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Today’s Focus • No change in our market view. Immediate support for STI at 1730; resistance is at 1825. Overall, rising trend to 2140
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AK_Francis
Supreme |
09-Apr-2009 22:34
Yells: "Happy go lucky, cheers." |
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yoh bro, 2morrow most TR go churches for Good Fri holiday loh.
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HLJHLJ
Veteran |
09-Apr-2009 20:38
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Hulumus, Hope this article won't let you change your mind. There are many more in the cyberworld. Basically, analysts are divided as well. Just like "big" and "small" bets, it is either this or that. LOL... Wall Street’s New Bull Market: 7 Signs the Bear is Dead… by Louis Basenese, Advisory Panelist Senior Analyst, The Oxford Club Believe it or not, but based on the classic Wall Street definitions, we’re in a new bull market. As of last Friday, all three major market indices recovered more than 20% from their March 9 lows. Of course, we’ve been here before. Or as Yogi Berra liked to say, “It’s like déjà vu all over again.” Recall, back in November of 2008 the markets began an impressive run-up, hitting the 20% milestone, too. Then all hell broke loose. The New Bull Market - Full Article |
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Hulumas
Supreme |
09-Apr-2009 19:45
Yells: "INVEST but not TRADE please!" |
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Okay, I start releasing and profit taking tomorrow. | ||
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aleoleo
Master |
09-Apr-2009 19:38
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(Adds Jim Rogers comment in 10th paragraph.) By Chen Shiyin and Susan Li April 8 (Bloomberg) -- The rally in global stocks over the past month is a “dead cat bounce,” as companies report “terrible” earnings this year and the global recession persists, Aberdeen Asset Management Plc said. Investors should instead focus on companies with strong balance sheets and sustainable business models that can weather the “severe recession,” Hugh Young, who oversees about $37 billion as managing director of Aberdeen Asset’s Asian unit, said in a Bloomberg Television interview. He favors regional financial companies and holds stakes in Singapore’s Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. The MSCI World Index fell 0.7 percent to 826.66 as of 4:49 p.m. in Singapore, taking its losses this week to 3.3 percent. The decline ended a four-week, 23 percent rally that came amid optimism government efforts worldwide to revive the global economy will succeed. The gauge has lost 10 percent this year. “It does feel very much like a dead cat bounce if you like, or a bear market rally,” Young said. “The fundamentals for the stocks we’re looking at are not improving and this year is going to be pretty bloody for earnings, if not into next year as well.” Sharp Corp., Japan’s largest maker of liquid-crystal- display televisions, today reported a 130 billion yen ($1.3 billion) loss, its first since 1956. Alcoa Inc., the largest U.S. aluminum producer, yesterday posted a second-straight quarterly loss as the global recession reduced demand for the metal used in automobiles and appliances. ‘Comfortable Valuations’ The average analyst estimate for earnings at companies on the MSCI World Index has been slashed by 44 percent in the past 12 months, according to data compiled by Bloomberg. Declines in the past year mean stocks are trading at “comfortable valuations,” allowing Aberdeen to add to its holdings as prices drop, Young said. Companies on the MSCI World trade at an average valuation of 13 times reported earnings, almost half its 10-year average multiple of 22 times. Even so, Nouriel Roubini, the New York University professor who predicted the economic crisis, told Canada’s Business News Network yesterday he sees no reason to change his forecast that the U.S. economy will continue to contract through this year. The nation’s unemployment rate climbed to a 25-year high of 8.5 percent last month, an April 3 government report showed. Japan’s exports sank 50.4 percent in February from a year earlier, the country’s Ministry of Finance said today. Investor Jim Rogers said today the global capital markets haven’t reached “the final bottom” yet, echoing sentiments of fellow investors Marc Faber and George Soros, who predicted this week that the stock-market rally will falter. “It’s too early to say that we’re out of the woods,” said Nader Naeimi, an investment strategist at AMP Capital Investors in Sydney, which manages about $85 billion. “You still have concerns about the health of the banking system and the depth of the global recession. There are some green shoots out there, but they’re fragile.” |
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ticklish8
Senior |
09-Apr-2009 18:19
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Bloomberg... April 9 (Bloomberg) – Singapore’s Straits Times Index advanced 2.5 percent to 1,828.51 at the close, snapping a two- day, 3.5 percent drop. Almost four stocks gained for each that declined among the gauge’s 30 constituents. The measure increased 0.4 percent this week, its fourth- straight weekly advance. The stock market is closed tomorrow for a holiday and will resume trading on April 13. The following companies were among the most active in the stock market today. Stock symbols are in parentheses after company names. Commodity suppliers: The Reuters/Jefferies CRB Index of 19 commodities rose 0.4 percent yesterday in New York, ending a two-day, 2.6 percent decline. Olam International Ltd. (OLAM SP), a supplier of agricultural commodities, rose 0.6 percent to S$1.60. Noble Group Ltd. (NOBL SP), a Hong Kong-based commodity supplier, added 2.5 percent to S$1.24. Golden Agri-Resources Ltd. (GGR SP), the world’s second- biggest palm oil producer, jumped 6.6 percent to 32.5 Singapore cents, its highest since Sept. 26. Palm oil for June delivery climbed as much as 5 percent in Kuala Lumpur today. Oil rig builders: Keppel Corp. (KEP SP), SembCorp Marine Ltd. (SMM SP) and Samsung Heavy Industries Co. may compete for as much as $15 billion in business this year as Petroleo Brasileiro SA takes bids for 28 oil-drilling rigs, JPMorgan Chase & Co. said in a report today. “Singaporean yards may add about $5 billion, or 35 to 40 percent to their current combined order book, assuming a 30 percent market share for the yards,” Ajay Mirchandani and Ying Jian Chan, analysts at JPMorgan, wrote in the report. Sembcorp Marine Ltd., the world’s No. 2 rig maker, jumped 9.1 percent to S$2.15. Its bigger rival Keppel Corp., which has won a S$518 million ($342 million) power plant contract in the U.K., gained 3.8 percent to S$5.50. Aqua-Terra Supply Co. (AQUA SP), a supplier of equipment and engineering services to the oil and gas industry, climbed 13 percent to 13.5 Singapore cents. The company said it has won a S$21 million contract in Qatar. CapitaLand Ltd. (CAPL SP), Southeast Asia’s biggest developer, climbed 6.4 percent to S$2.66. UBS AG raised its share-price target to S$3.20 from S$2.80 and maintained its “buy” rating. Ezra Holdings Ltd. (EZRA SP), a ship chartering company based in Singapore, advanced 12 percent to 89 Singapore cents, the highest since Oct. 14. DBS Group Holdings Ltd. said in a note today that new contracts worth $47 million awarded to Ezra underscores robust demand for offshore support vessels. DBS rates Ezra a “buy” with a share-price target of S$1.19. Parkway Holdings Ltd. (PWAY SP), Singapore’s biggest hospital operator, jumped 3.5 percent to S$1.20. Cazenove Asia reiterated its “outperform” rating and share-price target of S$1.50, saying in a note yesterday that private hospital admissions continued to grow in January and February despite the deepening recession. Raffles Education Corp. Ltd. (RLS SP), an operator of design schools in Singapore, China and India, surged 7.7 percent to 42 Singapore cents. The recent sell-down following the disclosure of irregularities at its Oriental Century Ltd. affiliate was “overdone” as Raffles Education’s exposure to the Chinese company is limited, UBS AG analyst Michael Lim said wrote in a note yesterday. Lim rates the stock a “buy” with a share-price target of 81 Singapore cents. Yanlord Land Group Ltd. (YLLG SP), a property developer in China, gained 7.6 percent to S$1.27. Goldman Sachs Group Inc. raised its share-price target by 29 percent to S$1.51 and maintained its “buy” rating. 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 –With reporting from Park Kyunghee in Hong Kong. Editors: Sam Waite, Darren Boey. 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. -0- Apr/09/2009 09:42 GMT 04-09-09 0542EDT |
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ticklish8
Senior |
09-Apr-2009 17:18
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Market wrap..... TOKYO/FRANKFURT, April 9 (Reuters) - Japan unveiled a record $154 billion plan to stimulate its economy on Thursday, while banks from Europe to Asia eyed asset sales, capital raisings and a government takeover in the latest moves to fight the global crisis. The Bank of England is expected to keep interest rates on hold at a record low when it meets later on Thursday, having committed to spend up to 75 billion pounds buying assets to fuel growth. In Germany, the government offered to take over stricken bank Hypo Real Estate, the country’s highest profile casualty of the financial crisis. Berlin has long signalled its intention to take control of the Munich-based lender to restructure it and help protect Germany’s covered bond market, one of the world’s biggest. Dutch financial services giant ING said it would sell up to 8 billion euros ($10.62 billion) in assets to reduce risk and focus on Europe, while in Britain Barclays Plc is expected to announce the sale of asset management unit iShares. Japan’s third-largest bank, Sumitomo Mitsui Financial Group , is likely to raise up to $8 billion and forecast a net loss of more than 3 billion for the year just ended, sources said. European shares pared earlier gains as oil stocks retreated and investors grew cautious ahead of the BoE rate decision and key U.S. jobless figures. European Central Bank President Jean-Claude Trichet said decisions made by last week’s G20 summit of world leaders to revive the global economy should be introduced quickly. He also urged countries to act responsibly with exchange rate policies and said the central bank still had some leeway to cut its main interest rate. Italian industrial output dived 3.5 percent in February from the month before, the 10th consecutive decline. Finnish industrial production adjusted for working days fell 22.2 percent year-on-year in February. Stocks in Asia rose after a two-day fall, helped by Japan’s big stimulus plan and gains on Wall Street following news Washington is shoring up life insurers and some increased optimism about consumer spending. Japan’s Nikkei jumped 3.7 percent to a three-month closing high, while MSCI’s measure of stocks elsewhere in the Asia-Pacific rose 3.3 percent. GREEN BOOST Japanese government bonds sank after the ruling Liberal Democratic Party said the 15.4 trillion yen ($154 billion) in new spending on a range of subsidies, loans and other stimulus should be paid for by issuing up to $110 billion in new bonds. Much of the new spending was focused on the environment and jobs. Shares in automakers and solar power-related firms rose as the plan included measures to promote the use of solar panels and fuel-efficient cars. “The contents look like temporary measures to front-load demand, but they do not pay attention to increasing productivity on the supply side,” said Masamichi Adachi, senior economist at JPMorgan. The stimulus spending – 3.1 percent of the gross domestic product of the world’s second-largest economy – is to battle Japan’s deepest recession since World War Two as exports and profits crumble. In Australia, the unemployment rate jumped by the most since the 1991 recession to hit 5.7 percent, piling the pressure on for yet more policy stimulus. The Bank of Korea held interest rates steady at a record low of 2.0 percent for a second consecutive month and said Asia’s fourth-largest economy was stabilising somewhat after a steep fall in exports. ($1=99.61 yen) ($1=.7530 Euro) (Writing by Kate Holton; Editing by Erica Billingham) |
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ticklish8
Senior |
09-Apr-2009 17:11
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UOB retrenching staff.... The bank also said it would reduce operating costs, according to its annual report posted on its website, without giving any details. Banking sources said UOB does not plan to cut jobs as part of the restructuring. 'In this turbulent environment, the group will steer a cautious course,' the bank said in the report. 'We will focus on reducing operating costs and improving our corporate governance, risk management and service standards.' UOB said the global financial crisis showed no sign of easing in the first quarter of 2009. The bank will report its first quarter earnings next month. -- REUTERS SINGAPORE - United Overseas Bank, Singapore's second-biggest lender, is planning a restructuring process in a bid to improve efficiency, the bank said on Thursday. |
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ozone2002
Supreme |
09-Apr-2009 16:06
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Look at the VOL on the UP DAY!!!! very bullish sign.. |
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ticklish8
Senior |
09-Apr-2009 14:04
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HONG KONG (AP) – Asian stock markets resumed their upward march Thursday as investors cheered Japan’s $150 billion stimulus proposal and signs recession was starting to ease in the world’s second-largest economy. Most major markets in the region gained along with the dollar and crude oil prices following two days of declines that interrupted a powerful advance over the last month. Japanese exporters like Sony and Sharp helped lead the way. Japan’s ruling party is seeking a stimulus package that is substantially bigger than originally announced, involving 15 trillion yen ($150.4 billion) in new fiscal spending. The measures, should they win final approval, would equal some 3 percent of the country’s gross domestic product. Asia’s largest economy has become catatonic since Western demand for cars, electronics and other exports crucial to its growth evaporated in the last year, forcing companies big and small to make drastic cuts to production and staff. But Japan’s machinery orders – an indicator of how much the country’s companies plan to spend – offered a glimmer of hope after rising for the first time in five months. Core private sector machinery orders grew 1.4 percent in February from the previous month to 728.1 billion yen ($7.3 billion), the government said. Investors were growing more confident, but any downbeat news from U.S. companies reporting earnings in the coming weeks or about Asia’s economies could quickly sour sentiment. “Things are stabilizing to a greater extent, but the economic situation hasn’t entirely improved overall,” said Lucinda Chan, a director at Macquarie Private Wealth in Sydney. “ Japan’s Nikkei 225 stock average added 296.33 points, or 3.5 percent, to 8,891.34, while Hong Kong’s Hang Seng climbed 333.92, or 2.3 percent, to 14,808.78. South Korea’s Kospi rose 3.7 percent to 1,309.88. Elsewhere, Australia’s benchmark gained 1.2 percent, Taiwan’s jumped 4 percent and Singapore advanced 2 percent. Overnight in New York, insurance and technology shares led Wall Street higher in a volatile day, lifted by a deal merging two major homebuilders and news the government was ready to extend aid to battered life insurance firms. The Dow Jones industrials rose 47.55, or 0.6 percent, to 7,837.11. The Standard & Poor’s 500 index rose 9.61, or 1.2 percent, to 825.16. U.S. futures pointed to a higher open on Wall Street. Dow futures gained 77 points, or 1 percent, to 7,870 and S&P500 futures rose 8 points, or 1 percent, to 830.80. Oil prices rose to above $50 a barrel Thursday in Asia as stronger-than-expected results from U.S. retailers suggested the worst of a plunge in American consumer spending may be over. Benchmark crude for May delivery rose 92 cents to $50.30 a barrel. The contract rose 23 cents on Wednesday to settle at $49.38. The dollar gained to 99.94 yen from 99.72 yen. The euro rose to $1.3256. AP-TK-09-04-09 0542GMT |
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ticklish8
Senior |
09-Apr-2009 14:00
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Latest: PM Lee warned that the GDP growth forecast for the year will be worst than the -4.9 percent that was given before but it will not reach ‘double digits’ | ||
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des_khor
Supreme |
09-Apr-2009 12:10
Yells: "Tell me who is the God or MFT from this forum??" |
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maybe only ma... just my view lo... not MFT...
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DnApeh
Master |
09-Apr-2009 12:04
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x 0 Alert Admin |
where got must one? | ||
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des_khor
Supreme |
09-Apr-2009 11:51
Yells: "Tell me who is the God or MFT from this forum??" |
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must have another round of sell off before resume upwards as STI rise too fast and too much !just my view... not MFT.. hehe |
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DnApeh
Master |
09-Apr-2009 11:44
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but the charts don't look too bad leh. | ||
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