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Quick Poll: Chinese New Year Rally

Yes, Let's all dance to the tune of the music and not get out of steps.In order to do that you must listen to the beat of the music carefully and glide along. Take one step at a time and digest what you already know. Things that're beyond our control we can't do much about them. Therefore just 'take note' and be prepared for the worst and dance on! Cheers and a properous healthy Lunar New Year.

 

Thanks EastonBay for appreciating.



Sometimes it's good to get away from all the technical and fundamental talks and jargons. 



Little elf also good in lifting up spirit in this forum with elfish girlish giggles.

 

lausk22, a green tick for your very original effort. Good line that rhyms.

 

Haha... sorry... posted this then went out shopping!

My take is this ..... if you look at the STI, it has been gradually and steadily inching up after soaking in all the good and bad news of corporate tax cut and GST hike. Unless there is a major disaster or very bad news, I think it will continue to go up.

Some TA guru's theory on trend is that it changes when a sudden force is applied to it. Good force = uptrend.... bad force = downtrend. If there is no force, it will usually resume the trend.

 

In the Year of the Pig

Lest think big

Hope we won?t be worried sick

That something will apply the brake

And make the market uptrend break

Like an Avian flu outbreak

Or a disastrous war in the land of the oil sheikh

Or killer tsunami caused by great earthquake

Lady luck will not forsake

Those of us who heavily vested our stake

And making $ is like eating cheesecake

And easier than striking the sweepstake

For everyone of us well-being sake

Lest hope Heaven will not forsake

Poor mortals like us in this Year of the Pig

 

Sporegal,

U reminds me of the debating team,and u are the fourth and final speaker waiting to summarise up the topic----rally or not??

still waiting for ur view???

 

scotty,  my broker sends me info. Any co you want? i try and see if in my list. :)



yes, singaporegal, would like your opinion on rally/not?



billywows, yep, the market has already factored in the corporate tax cuts. rem the 72 pt rise after MM lee's words? Again my question--one that i have wholly no answer to--has asia delinked from the US? if we have, then the fall of the dow really doesn't matter, in fact, it'll precipate a super bull run in Asia. But if it doesn't....



ten4one has the right perception that the speech will be good since it's in the govt's benefit to sweeten up the population before CNY. But BBs will be reading the lines very carefully for hints of what lie ahead.



Property. sigh. i don't want to be a wet blanket, but pls be careful yea... The reports from all the fund houses are that they're cutting out of residential props, with exception of those launching in mar/apr. Look for office props now, not residential. eg, Allgreen's revised target px is only 1.33. But look what it's doing now. Red flags are already up.  

 

Hehe! .... Let's hope no BxxB during CNY, Giantlow! How to exit with SGX closed?!! :P

 

I wish to dedicate a song to all the "bad boys" countries of the world. Its a famous Alphaville song: Forever Young


Let's dance in style
Let's dance for a while
Heaven can wait
We're only watching the skies
Hoping for the best
But expecting the worst
Are you going to drop the bomb or not????

 

i certainly hope so man, geojam.



but my fren in the oil related industry said that all available info such as, iran, venezula, nigeria , SPR, winter etc has already been priced in. we need new situations to occur or for current situations to get worse.



a better alternative would be for the likes of Merrill Lynch or Goldman Sachs to recommend a "STRONG BUY" or "OVERWEIGHT" on SPC with a target price of $5.60, representing an upside of 26.6%.

 

Sporegal,what is ur view?rally or not?

 

More uncertainty in the world re:Iran vs US, and cold weather.Oil related shares will cheong.

 

 

I'm very +ve for the CNY rally which will fuel by the Budget Speech by our PM just b4 the Lunar New Year. Some factors may have already been factored into the pricing; but there're still some surprising numbers that we don't really know yet. Let's wait for the good news and get ready for a BIG ANGBAO !!!!!!!

 

WSJ 9 - 11 Feb reported "HSBC unveils plan to fix mortgage-related woes". Might have an impact on the US markets.

 

Some analysts said the S'pore market has already 'priced in' the corporate tax cut after rallying so quickly recently to above 3.2k mark ....

What I am worry is should US market does a correction somehow during CNY holidays, we are surely caught with our pants down!

 

based on talks with my friends in the tax industry. they would need 3 mths notice on implement a GST hike. 3 mths later, would be May. unlikely cos of labour day. so likely to be June or later

 

My humble opinion:  Hot stocks likely to rally are mid-cap property counters, constructions-related & infrastructure 'cos of population projection to 6.5m (vs. 4.5m presently)- see Reuters news. Also Merrill Lynch foresees demand outstripping supply by >50% in both landed & non-landed property in the next 5 years. Large-caps property counters (Capitaland, Keppeland, CityDev) have already run its course & could be hurt by news of option money being forfeited at 1 Shenton Way. Also, Tech stocks may drop sharply, esp. Semicon/Chip makers following NASDAQ sell down on Friday.

10-02-2007	Singapore projects population leap, reviews land use
SINGAPORE, Feb 10 (Reuters) - Singapore is projecting a 40-percent rise in its population to 6.5 million, and is reviewing how best to use the city-state's limited land space to handle the explosive change, local media reported on Saturday. National Development Minister Mah Bow Tan said the Concept Plan of 2001, a 10-year blueprint for land use, had been overtaken by events, suggesting that the population -- which now stands at 4.5 million -- had grown faster than expected. The Straits Times newspaper quoted Mah as saying that without planning and investment potential investors could be deterred by insufficient land and infrastructure. Some of the government's proposals include more land set aside for new growth sectors, a doubling of the rail network, mega-parks and lushly landscaped public housing estates with environmentally friendly features. Mah gave no forecast of when the 6.5 million figure would be reached. But given that Singapore's population has risen from 3.9 million to 4.5 million in the last six years -- mainly due to an influx of foreigners for work and study -- it could be as soon as in 20 years, if current trends hold. More details of the individual projects will be released by government agencies at a later date, the paper said. ((Reporting by Jennifer Tan, editing by John Chalmers; Reuters Messaging: jennifer.tan.reuters.com@reuters.net; +65-6870 3083)) Keywords: SINGAPORE POPULATION

 

Hey elfinchilde ,

Where did you go to get the dates of company announcements?

 

thinking budget day might have a dip but should go up aft that 'cos of continued results release by govt and cos.

the ones to look out for:

cos: cosco 12th. st engg, comfortDG, olam 13th. capland 14th, DBS 15th, sembcorp on 16th, ocbc on the 22nd, SP land 23rd. Allgreen and venture on 26th, citydev, sino-env, banyantree on 28th.  



govt results: retail sales yoy 15th, MOM 15th, budget day itself.

Electronic exports, non oil domestic on 16th. GDP (QoQ and yoy) 16th to 233rd, CPI on 23rd. Industrial pdtns 26th. M1 and M2 money supply yoy 28th.

ones in green are the ones to look out for. the blue chips will be proxy lead indicators for general market. CNY vols shd drop a bit 'cos long hols tho.

 

Will definitely be a rally!!

CNY goodies for all!