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LoL, 1.69
iPunter ( Date: 31-Aug-2010 16:52) Posted:
International big boys are playing this one...
better don't mess around with it... 
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Wow, STI recovering fast.....
International big boys are playing this one...
better don't mess around with it...
LoL, iPunter really "jiak buei liao" !!! 
iPunter ( Date: 31-Aug-2010 16:48) Posted:
This one just hit 1.68 ("yat lou fart")....
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This one just hit
1.68 ("
yat lou fart")....
Hope today closing can create new high again....
If the BBs are coming in, there must be a reason. I will hold a while longer. Maybe another day or two.
Isolator ( Date: 31-Aug-2010 16:41) Posted:
Just sell... profit will be real...  |
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Just sell... profit will be real...
This is the magic of BBs in action.
BullishTempo ( Date: 31-Aug-2010 16:38) Posted:
Lucky never sell at 1.65 !!!!
niuyear ( Date: 31-Aug-2010 16:37) Posted:
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Lucky never sell at 1.65 !!!!
niuyear ( Date: 31-Aug-2010 16:37) Posted:
Cheong arrhhhhhhhhhhhhh!!
BullishTempo ( Date: 31-Aug-2010 16:25) Posted:
Hehe... Witness the power of Genting Bulls !!!  |
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Cheong arrhhhhhhhhhhhhh!!
BullishTempo ( Date: 31-Aug-2010 16:25) Posted:
Hehe... Witness the power of Genting Bulls !!! |
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Hehe... Witness the power of Genting Bulls !!!
| Singapore property curbs most severe to date: Deutsche Bank |
Tags: Allgreen Properties | City Developments
| WRITTEN BY THE EDGE |
| TUESDAY, 31 AUGUST 2010 10:43 |
Singapore’s latest property-market curbs most severe to date, likely to slow housing demand in near term just as supply starting to pick up, says Deutsche Bank, according to Dow Jones.
“These measures are more severe than the past two packages (in September, February) and could have greater impact as affordability has weakened on higher prices (with) supply tightness reversing,” says Deutsche. The research house expects prices for low-, mid-tier properties to flatten as demand moderates. Says certain planned property launches by developers may be deferred until market stabilises, but doesn’t expect sharp fall in prices as affordability, while weaker, still comfortable as mortgage rates remain low.
Downgrades CityDev (C09.SG) to Sell from Hold, cuts target price to $10.20 from $11.59, based on 20% discount to RNAV vs 10% previously; cuts Allgreen Properties (A16.SG) to Hold from Buy, lowers target to $1.08 from $1.40 on 45% discount to RNAV vs 30%. CityDev off 3.0% at $11.12, Allgreen flat at $1.06. |
| STI falls 0.7% to 2,936.83 at trading break |
Tags: Capitaland | City Developments | Deutsche Bank AG | Kim Eng Holdings |Neptune Orient Lines | Yangzijiang Shipbldg Hldgs
| WRITTEN BY BLOOMBERG |
| TUESDAY, 31 AUGUST 2010 12:48 |
Singapore’s Straits Times Index fell 0.7% to 2,936.83 as of the 12:30 p.m. trading break. Three stocks dropped for each that rose on the 30-member gauge. Shares on the measure trade at an average 14.2 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market. Developers: CapitaLand (CAPL SP) and City Developments (CIT SP) led declines among the city’s homebuilders after Singapore yesterday increased down payments for second mortgages and imposed a stamp duty on property held for less than three years to curb speculation as home prices surged 38% in the second quarter. “The mass-housing segment will be the hardest hit,” said Wilson Liew, an analyst at Kim Eng Holdings. “We’re expecting mass market prices to drop as much as 5% in the next 12 months.” CapitaLand, Southeast Asia’s biggest developer, fell 1.8% to $3.91. City Developments, Singapore’s second- biggest developer, dropped 3.3% to $11.08. The stock was cut to “sell” from “hold” at Deutsche Bank AG. Kim Eng Holdings (KEH SP), a Singapore-based brokerage, slipped 0.6% to $1.66. The company said it has discontinued discussions on possible investment and partnership with Malaysia’s Inter-Pacific Securities Sdn.
Neptune Orient Lines (NOL SP), the container carrier that gets more than half of revenue from the Americas, slid 1.5% to $1.92. A U.S. government report released yesterday showed income growth failed to keep up with the biggest increase in consumer spending since March. Yangzijiang Shipbuilding Holdings (YZJ SP), a China- based shipbuilder, climbed 3.2% to $1.60. The company said it won 28 shipbuilding contracts valued at US$915 million ($1.24 billion) since July. |
Tuesday:
09:00 am Case-Shiller 20-city Index
09:45 am Chicago PMI
10:00 am Consumer Confidence
14:00 pm Minutes of FOMC Meeting
These will be out today US timings. Expected Consumer Confidence to be down, FOMC Meeting expected to keep interest rates near zero. If there is some stimulus announced by the Feds today we can expect a boost to Dow Jones.
Very bearish sentiments across the globe. Shanghai, Hong Kong, Australia, Singapore indices are all down at the moment. Dow futures are down. And a slew of economic reports are due to be out in US this week and all not looking too promising. And it looks like Europe may open lower today as well. GentingSP is already doing well to maintain at 1.65 - 1.66.
Trade safe and manage your risks. Macro-economics is as important as micro-economics.
epliew ( Date: 31-Aug-2010 14:06) Posted:
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no possible for 1.68 ?
BENJAMIN GRAHAM
VALUE INVESTING WISDOM
******** B J is Warren Buffett's MentOr
BullishTempo ( Date: 31-Aug-2010 10:48) Posted:
The moral of the story is : We should make money in Singapore, but spend it in Malaysia !!!!
pharoah88 ( Date: 31-Aug-2010 10:42) Posted:
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H E A R D:
stayIng In prIvate prOperty In sIngapOre ?
especIally In cOndOmInIum ?
Is abOut STATUS ?
In JB stayIng In prIvate landed prOperty Is a nOrm ?
anOther mOre effectIve way Of flawntIng STATUS ?
tattOO "milliOnaIre" Or "decIlliOnaIre" Or "billiOnaIre"
On fOrehead, chest, back, arms, legs, palm, back hand ? ? ? ?
Or carry a sIzeable keychaIn wIth sImIlar InscrIptIOn ?
Or carry a handbag Or pOrtfOliO wIth sImIlar LABEL ?
Or hang a placard wIth sImIlar dIsplay ? |
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Getting ready to sell now and buy back on dip.
Dun be too greedy.
Time to sell....
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