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STI to cross 3000 boosted by long-term investors
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AK_Francis
Supreme |
20-Feb-2009 10:24
Yells: "Happy go lucky, cheers." |
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Thats most of us dun want to see ones. No eye see liao. Will leave my table for break, whole day.
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singaporegal
Supreme |
20-Feb-2009 10:16
Yells: "Female TA nut" |
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Extremely low volumes today. Looking at the monthly chart, there's support at around 1550 - 1600. If that breaks, we might see it go all the way down to 1200. |
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ticklish8
Senior |
19-Feb-2009 18:29
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Market report from AFP Update: S'pore shares close down 1.31%
The blue-chip Straits Times Index (STI) dropped 21.71 points to 1,629.35 on volume of 653 million shares worth $610 million (US$399 million). Losers led gainers 218 to 128, with 893 issues unchanged. 'People are lightening positions after yesterday's modest gains,' said a dealer at a foreign brokerage. Banking shares closed mixed. DBS edged up five cents to $8.15 while Oversea-Chinese Banking Corp eased six cents to $4.83 and United Overseas Bank fell 28 cents to $10.52. Among property shares, CapitaLand fell 55 cents to $2.13, City Developments shed 20 cents to $5.17 and Keppel Land closed two cents lower at $1.36. Singapore Telecommunications dropped five cents to $2.42 and Singapore Airlines shed eight cents to $10.14. Beverage maker Fraser and Neave closed 18 cents down at $2.50, shipping firm Neptune Orient Lines rose two cents to $1.16 and investment holding company Sembcorp Industries fell four cents to $2.07. -- AFP |
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ticklish8
Senior |
19-Feb-2009 18:04
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Market Report from Bloomberg Feb. 19 (Bloomberg) – Singapore’s Straits Times Index fell 21.71 points, or 1.3 percent, to 1,629.35 at the close, its lowest level since Nov. 24. All but eight of the gauge’s 30 constituents fell. The following companies were among the most active in the stock market today. Stock symbols are in parentheses after company names. Fraser & Neave Ltd. (FNN SP), the city’s biggest beverage maker, fell 6.7 percent to S$2.50, its lowest since Oct. 28. Its Malaysian unit said Coca-Cola Co., the world’s largest soft- drinks maker, won’t renew bottling and distribution contracts when they expire in January. “While the impact seems to be minor, the termination of the agreement does not bode well for the group given that contribution from its property division is receding,” DBS Group Holdings Ltd. said in a note today. Hyflux Ltd. (HYF SP), the biggest water treatment company in Singapore, rose 6.6 percent to S$1.77 after saying full-year profit reached a record as sales more than doubled. Deputy Chief Executive Officer Sam Ong told Bloomberg Television in an interview today that China’s stimulus spending, as well as drier weather including droughts, may boost business. Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, rose 1.8 percent to S$1.16 after UBS AG upgraded its rating for the stock to “neutral” from “sell” and raised its target price to S$1.20 from S$1.10. “Aggressive restructuring and cost-cutting in the fourth quarter gives us confidence that risks to our earnings are evenly balanced,” UBS said in a note today. Osim International Ltd. (OSIM SP), the biggest maker of massage chairs in Asia excluding Japan, jumped 9.1 percent to 6 cents. The company said profit will be higher this year, after posting a net loss of S$99 million ($65 million) last year, when it wrote down the value of its investment in U.S. unit Brookstone Inc. Suntec Real Estate Investment Trust (SUN SP), one of two REITs in Singapore controlled by Hong Kong billionaire Li Ka- shing, dipped 0.8 percent to 59 cents. Moody’s Investors Service lowered its credit rating outlook to “negative” from “stable.” Singapore Technologies Engineering Ltd. (STE SP), Asia’s biggest aircraft maintenance company, rose 4 percent to S$2.33, its second day of gains. UBS AG upgraded the stock to “buy” from “neutral,” saying the company’s “generous” dividends will be maintained this year. 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 –Editor: Rocky Swift, Tony Jordan 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- Feb/19/2009 09:39 GMT 02-19-09 0439EST |
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domlim88
Member |
19-Feb-2009 17:07
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low volume. lack of interest. low prices. it may be a good time to selectively pick up those stocks you have always wanted to own. if you can pick the bottom let me know. |
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trader88.sg
Veteran |
19-Feb-2009 15:52
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Perceived wobbly Dow Jones Index is the cause of the lack of interests... | ||||||
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OneSharer
Veteran |
19-Feb-2009 15:20
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Lack of interest??? No lah, much interest here just no sale.... | ||||||
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ticklish8
Senior |
19-Feb-2009 15:07
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Interest dwindles away as prices slip
By R SIVANITHY SINGAPORE - Low volume, no interest and broad-based weakness continued to plague the local stock market this morning with the Straits Times Index dropping 15.01 to 1,636.05. A sceptical and potentially crumbling Wall Street, a weak Hong Kong and the general economic malaise were the reasons for the almost-total lack of interest - volume at the half-time mark was less than $300 million. |
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AK_Francis
Supreme |
19-Feb-2009 12:26
Yells: "Happy go lucky, cheers." |
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Yah, big wok, 320m now, n STI -VE 15.33. Anyway, its still not end of the world. Patient is d word liao.
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L.....
Veteran |
19-Feb-2009 12:23
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wow check out sti volume - PATHETIC! | ||||||
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AK_Francis
Supreme |
19-Feb-2009 11:16
Yells: "Happy go lucky, cheers." |
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Ha, Choa Chu Kang goes Changi Beach, saves 10 cents, ok loh. | ||||||
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des_khor
Supreme |
19-Feb-2009 11:13
Yells: "Tell me who is the God or MFT from this forum??" |
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Oh !! see wronly... I saw 46% !! haha
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ticklish8
Senior |
19-Feb-2009 11:11
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BUS and train ares will come down by 4.6 per cent from April 1. Commuters will pay 2 cents less for a direct trip to 14 cents for a trip with one transfer. This more than offsets the fare increases of the past three years combined - 0.7 per cent in 2008, 1.1 per cent in 2007, and 1.7 per cent in 2006, said a joint statement issued by Ministry of Transport, Public Transport Council, SBS Transit and SMRT on Thursday morning. It also does not include the increase of up to 5 per cent under the fare adjustment formula that the public transport operators have agreed to forego this year. In light of the economic downturn, the fare revision has also been brought forward to April instead of October so that commuters can benefit earlier from the reduction, said the statement. To benefit commuters, the PTC has decided that the public transport operators shall bear a larger share (two-thirds) of the cost of this year's 10-cent increase in transfer rebate. This is a permanent loss of $22 million per year of revenues for the operators, said the statement. 'In working together with the public transport operators to reduce fares, the PTC took into consideration the need to continue to move closer towards distance-based through-fares and spread the benefits across as many commuters as possible,' it said. 'However, in view of the poor economic conditions, the PTC decided not to fully implement through-fares this year to reduce the burden of adjustment for both commuters and operators.' The full implementation of through-fares will now take place in 2010. The fare reduction package will cost the public transport operators about $80 million over a 15-month period - from April to June 2010. Mr Gerard Ee, Chairman of the PTC said: 'In the recent past, both operators have chosen not to apply for fare increases when economic conditions were poor. This had happened in 2003 and 2004. 'This year, not only are they not applying for a fare increase, they have decided to give a fare rebate to commuters.' 'The PTC is pleased that the operators are mindful of prevailing economic conditions. They are passing on the Budget savings and more. Due credit must be given to the operators for this significant gesture.' 'This $80 million fare reduction package will certainly go a long way to help commuters lower their transport expenditure during this difficult period.' |
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des_khor
Supreme |
19-Feb-2009 10:43
Yells: "Tell me who is the God or MFT from this forum??" |
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sure or not ??
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ticklish8
Senior |
19-Feb-2009 10:37
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Latest:
4.6% REDUCTION IN BUS & TRAIN FARES FROM 1 APRIL 2009 |
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ticklish8
Senior |
19-Feb-2009 10:19
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Morning market update Feb. 19 (Bloomberg) – Singapore’s Straits Times Index fell 24.28 points, or 1.5 percent, to 1,626.78 as of 10 a.m. local time. All but two of the gauge’s 30 constituents fell. The following companies are among the most active in the stock market today. Stock symbols are in parentheses after company names. Federal International (2000) Ltd. (FEDI SP), a supplier of equipment and engineering services to the oil and gas industry, rose 3.3 percent to 15.5 cents. The company won a $64.4 million contract from First Calgary Petroleums Ltd. for the construction of a pipeline in Algeria. Fraser & Neave Ltd. (FNN SP), the city’s biggest beverage maker, fell 4.1 percent to S$2.57. Its Malaysian unit Fraser & Neave Holdings Bhd. said Coca-Cola Co., the world’s largest soft- drink maker, won’t renew bottling and distribution contracts when they expire in January next year. Hyflux Ltd. (HYF SP), the biggest water treatment company in Singapore, rose 5.4 percent to S$1.75 after saying full-year profit rose 79 percent. The company said it may benefit from increased government spending in China. Jardine Matheson Holdings Ltd. (JM SP), which owns office buildings, supermarkets and hotels across Asia, dropped 6.8 percent to $15.90. JPMorgan Chase & Co. cut its target price for the stock to $23 apiece from $36.61. Jardine Strategic Holdings Ltd. (JS SP), which owns half of Jardine Matheson, slumped 6.9 percent $8.45. JPMorgan cut its target price to $12.50 apiece from $20.76. Osim International Ltd. (OSIM SP), the biggest maker of massage chairs in Asia excluding Japan, jumped 27.3 percent to 7 cents. The company said profit this year will be higher after posting a net loss of S$99 million ($65 million) when it wrote down its investment in U.S. unit Brookstone Inc. Suntec Real Estate Investment Trust (SUN SP), one of two REITs controlled by Hong Kong billionaire Li Ka-shing in Singapore, dipped 1.7 percent to 58.5 cents. Moody’s Investors Service lowered its credit rating outlook to “negative” from “stable.” 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 –Editor: Rocky Swift 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- Feb/19/2009 02:15 GMT 02-18-09 2115EST |
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ticklish8
Senior |
19-Feb-2009 10:06
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Short-covering lifts STI after 65-point loss in 2 days By R SIVANITHY SENIOR CORRESPONDENT After dropping about 65 points on Monday and Tuesday - both times in anticipation of weakness on Wall Street that did actually materialise - hefty amounts of short-covering ahead of an expected stable session on Wall Street yesterday meant the Straits Times Index managed to avoid a third successive loss when it finished 13.14 points higher at 1,651.06. The ST Index's largest contribution came from an 18-cent rise in ST Engineering to $2.24 which added 3.4 points. Throughout the day, the index displayed its customary reliance on Hong Kong's Hang Seng Index (HSI) for second-to-second guidance, dropping when the latter dropped and recovering when the HSI ended marginally higher. However, although Europe initially opened firm, conditions rapidly deteriorated. After the market closed here, European markets were off by 1-1.5 per cent, suggesting that traders here may have bet wrongly on Wall Street rising on Wednesday. Turnover excluding foreign currency issues yesterday was a low 827.1 million worth $808 million, very much in keeping with recent poor volume and indicative of the absence of hordes of participants because of the worsening economic outlook and tottering Wall Street. Not surprisingly, brokers continued to report having to resort to computer games and/or surfing the Internet to keep themselves occupied. Among the stocks that helped the STI stabilise was Singapore Airlines, which on Tuesday plunged 47 cents on news that it is to cut capacity and decommission aircraft. SIA's 25-cent rise to $10.22 yesterday helped push the index up 1.9 points. In a Feb 17 'buy' call, Kim Eng Research said it forecasts SIA's passenger loads to drop 6 per cent in FY10 following no growth in FY09, while cargo's decline is estimated at 7 per cent following FY09's 10 per cent drop. 'The market has been anticipating a slowdown for SIA - however, we still see value as it is trading below its trough price-to-book of 0.85x at 0.8x currently. However, in line with our earnings reduction we have reduced our price target to $13.20 from $14.40, or 1x FY09 price/book,' said Kim Eng. The local broker yesterday also issued a 'buy' on one of the market's most popular penny stocks, China Hongxing Sports following release of the latter's Q4 and full-year results. 'We have reduced our earnings estimates for FY09 and FY10 by 20 per cent. Our target price is lowered to 23 cents based on 6x FY09 earnings, in line with the sector average. With the stock trading near its net cash value of 12 cents, we believe earnings concerns are largely reflected in its price decline,' said Kim Eng. The stock yesterday dropped half a cent to 16 cents with 44.5 million shares traded, making it the day's second most active counter. The STI's largest contribution came from an 18-cent rise in ST Engineering to $2.24 which added 3.4 points. OCBC Investment Research upgraded ST Engg from 'hold' to 'buy' yesterday, describing the latter's results as creditable. 'ST Engg will likely see its shares trade in a tight range ($2-$2.50) without large contract wins or accretive acquisitions that will serve as share price catalysts. With $1.05 billion in cash equivalents, we think ST Engg is in good stead to make acquisitions,' said OCBCIR. Its fair value for ST Engg is $2.31 based on 15x FY09 forecast earnings, said to be the company's trough valuation during the Sars period. Within the index, there were 18 rises versus 10 falls. Excluding these and excluding warrants, the broad market recorded 124 rises versus 111 falls. | ||||||
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ozone2002
Supreme |
19-Feb-2009 09:42
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Technical Analysis – STI To Trade To 1570 The STI has breached its short-term low of 1677. In addition, the CRB index has also closed below 208, which is a very significant support level. The decline in the CRB has a very high probability of taking the STI down further with it. There is weak support at 1570 to 1600. After testing those levels, the STI should begin to trade towards 1473, the October 2008 low, on condition that the CRB continues its downtrend as well. |
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ticklish8
Senior |
18-Feb-2009 18:24
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Market report: The blue-chip Straits Times Index (STI) climbed 13.14 points to 1,651.06 on volume of 827 million shares worth $808 million (US$529 million). Gainers edged losers 179 to 171, with 889 issues unchanged. The market was quiet and dealers were wary of trading in the depressed economic environment. 'I'm very cautious. You just never know how things will turn out in the next couple of months. There is no impetus for the market to run at this juncture,' said a dealer at a foreign brokerage. Banking shares were mixed. DBS gained seven cents to $8.10 while United Overseas Bank dropped 12 cents to $10.80. OCBC Bank eased a cent to $4.89 after reporting fourth-quarter net profit fell 30 per cent year-on-year as deteriorating credit markets and economic conditions led to higher allowances for loans. Among property shares, City Developments closed 15 cents higher at $5.37, CapitaLand edged up three cents to $2.68 and Keppel Land gained two cents to $1.38. Singapore Airlines was up 25 cents to $10.22 and Singapore Telecommunications closed three cents higher at $2.47. Motor vehicle firm Jardine Cycle and Carriage dropped eight cents to $9.77 while conglomerate Keppel Corp gained 13 cents to $4.19. -- AFP SINGAPORE - Singapore shares closed 0.80 per cent higher on Wednesday in a market lacking catalysts, dealers said. |
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AK_Francis
Supreme |
18-Feb-2009 18:13
Yells: "Happy go lucky, cheers." |
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If no more adversed news fr DJ, HSI n SHI dun pull our legs, 2morow STI will hv less tension liao. A wild guess only loh, just to console myself, ha ha..
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