Post Reply
2001-2020 of 4131
Great Singapore Sales starts today???
CLSA cuts SGX (S68.SG) target price to S$7.00 from S$8.50, reiterates Underperform call. Broker says SGX faces prospect of further weakening in equity volumes, postponement of IPOs; "we believe there is more bad news to come." Warns equity volumes likely to remain subdued during summer lull, notes only 7 IPOs so far this quarter, down 36% on year. Says derivative volumes may also have peaked as poor macroeconomic backdrop keeps market participants on sidelines. Adds, M&A hopes may be misplaced, "we remain unconvinced of SGX's medium-term M&A potential," says geopolitical sensitivities still a barrier, possible foreign exchange bidders suffering weak valuations. Cuts FY09, FY10 earnings estimates by 12%, 10%, respectively to reflect lower traded volume assumptions. Share down 0.1% at S$7.27
Might move a bit next 2 days as oil is dropping. I think support is at 7.2
Consistently lucrative for those who sell on the rally... 
This counter a bit slow recently , up down 10-15 cents . Unless u buy like 5-10 lots if not , not worth it imo, better to target second liner stocks like indo or stx (both short or long)
ha ha agreed, u can earn Ks of $ over this counter previously, but now its a torn of rose.
Maybe stay sidelines for a while. Very unpredictable.
I also reckon this is a vy earning stock to keep.. simply can give you 2k per counter earning by just keeping it next few months.. what i am more interested is.. Today anyone SHort?
But it is a good time to load up by then.
hercules ( Date: 18-Jun-2008 21:10) Posted:
|
relax uncle....ppl know which r good counters in sti.
AK_Francis ( Date: 18-Jun-2008 19:11) Posted:
|
wah, latest, fund house regraded TP to 6.20 and asking for Sell. Ayoh, eat grasss leow, but tension, on lot only lah.
yah unpredictable...sold mine too early. Well, win some, lose some.
really unpredictable.
SGX starts to chong. Suspect funds are buying. short turn buyers. Hope it can close 7.5.
Tonite, DJ up. SGX will chong more. Target 7.65. Any comments???
wow! all of the sudden it shoot up to 7.43.
Sold mine @7.33 and loss some brokerage... anticipating a meltdown later. My view oni...
Lol you're so skeptical of your broker , time to change !!
TalkingTigress ( Date: 18-Jun-2008 08:02) Posted:
|
So far today at 9.15am already gone to low of 7.26... may be lower still before a rebound...
Seems like there's a lot of dumping after last nights poor Dow.
Yah, those following the ANALysts' report will have the banks knocking at your door...margin call, hahaha!!! Today laosai? I hope not, as I am still holding to some contra lots @7.32...hehehe. Waiting for a rebound for some kopi$$...cheers!