Straits Times Index   

STI to cross 3000 boosted by long-term investors

Next week china may deliver one of the worst GDP figure since 2009..... there will be more projects injection from PRC government ......we believe the worst for china market is near end .... bottom is here..... we will buy china when they release their GDP

 

bros, still very early in the day :)

Green huat kuah for tea break please! 

 

Profit taking

 

Hoping it's a mistake on my screen..but STI going red?!

 

Huat ah.. More $$$ in pocket to spend to boast economy

LoveToInvest      ( Date: 12-Jul-2013 08:31) Posted: Singapore GDP grow almost double/Quarter Higher Wages Singapore’s Economy Expanded More Than Forecast on Manufacturing Singapore’s economy expanded more than economists estimated last quarter as manufacturing rebounded and services strengthened, reducing pressure on the central bank to ease monetary policy and bolster growth. Gross domestic product rose an annualized 15.2 percent in the three months through June from the previous quarter, when it grew 1.8 percent, the Trade Ministry said in a statement today. That compares with the median of 12 estimates in a Bloomberg News survey for an 8.1 percent expansion. Rising local demand has shielded some Asian nations from an uneven global recovery, with Singapore’s jobless rate near a five-year low spurring private consumption. The Monetary Authority of Singapore has let its dollar weaken about 3 percent against the greenback in the past six months, boosting the island’s export competitiveness, even after sticking to a policy of allowing gradual currency gains in April to contain inflationary pressures. “Going into the second half of the year, we should continue to see steady and gradual improvement in the services sector,” Irvin Seah, a Singapore-based economist at DBS Group Holdings Ltd., said before the report. “The risk on inflation and growth remains very well-balanced. There’s little incentive for the MAS to deviate from the current monetary policy.” The Singapore dollar was little changed at S$1.2599 against the U.S. dollar as of 7:53 a.m. local time. GDP expanded 3.7 percent last quarter from a year earlier, better than the median estimate of 2 percent growth in a separate Bloomberg survey. The government forecasts growth of 1 percent to 3 percent in 2013. ‘Sharp Rebound’ “The sharp rebound largely reflected the strong growth in the output of the biomedical manufacturing and electronics clusters,” the Trade Ministry said today. Singapore’s electronics exports by companies such as Venture Corp. have dropped for 10 straight months through May, the longest string of losses since 2009. Analysts have lowered their estimate for the island’s export expansion this year to 2.5 percent from 4 percent, according to a survey by the central bank last month. Located at the southern end of the 600-mile (965-kilometer) Malacca Strait and home to one of the world’s busiest container ports, Singapore has remained vulnerable to fluctuations in overseas demand for manufactured goods. The government has boosted the financial services and tourism industries to become less reliant on exports. Singapore’s unemployment rate was 1.9 percent in the first quarter. Wages will grow at a faster pace in 2013, the central bank said in April. The central bank uses the exchange rate rather than borrowing costs to conduct monetary policy, adjusting the pace of appreciation or depreciation against an undisclosed trade-weighted basket of currencies by changing the slope, width and center of the band. A flatter slope allows slower appreciation or depreciation over time. Manufacturing grew 1.1 percent from a year earlier in the three months ended June 30, and 37.6 percent from the previous quarter. The services industry rose 5 percent last quarter from a year earlier, while construction expanded 5.6 percent. To contact the reporters on this story: Jasmine Ng in Singapore at jng281@bloomberg.net Kenneth Foo in Singapore at kfoo23@bloomberg.net To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

 

Singapore GDP grow almost double/Quarter

Higher Wages

Singapore’s Economy Expanded More Than Forecast on Manufacturing

Singapore’s economy expanded more than economists estimated last quarter as manufacturing rebounded and services strengthened, reducing pressure on the central bank to ease monetary policy and bolster growth.
Gross domestic product rose an annualized 15.2 percent in the three months through June from the previous quarter, when it grew 1.8 percent, the Trade Ministry said in a statement today. That compares with the median of 12 estimates in a Bloomberg News survey for an 8.1 percent expansion.
Rising local demand has shielded some Asian nations from an uneven global recovery, with Singapore’s jobless rate near a five-year low spurring private consumption. The Monetary Authority of Singapore has let its dollar weaken about 3 percent against the greenback in the past six months, boosting the island’s export competitiveness, even after sticking to a policy of allowing gradual currency gains in April to contain inflationary pressures.
“Going into the second half of the year, we should continue to see steady and gradual improvement in the services sector,” Irvin Seah, a Singapore-based economist at DBS Group Holdings Ltd., said before the report. “The risk on inflation and growth remains very well-balanced. There’s little incentive for the MAS to deviate from the current monetary policy.”
The Singapore dollar was little changed at S$1.2599 against the U.S. dollar as of 7:53 a.m. local time.
GDP expanded 3.7 percent last quarter from a year earlier, better than the median estimate of 2 percent growth in a separate Bloomberg survey. The government forecasts growth of 1 percent to 3 percent in 2013.
‘Sharp Rebound’
“The sharp rebound largely reflected the strong growth in the output of the biomedical manufacturing and electronics clusters,” the Trade Ministry said today.
Singapore’s electronics exports by companies such as Venture Corp. have dropped for 10 straight months through May, the longest string of losses since 2009. Analysts have lowered their estimate for the island’s export expansion this year to 2.5 percent from 4 percent, according to a survey by the central bank last month.
Located at the southern end of the 600-mile (965-kilometer) Malacca Strait and home to one of the world’s busiest container ports, Singapore has remained vulnerable to fluctuations in overseas demand for manufactured goods. The government has boosted the financial services and tourism industries to become less reliant on exports.
Singapore’s unemployment rate was 1.9 percent in the first quarter. Wages will grow at a faster pace in 2013, the central bank said in April.
The central bank uses the exchange rate rather than borrowing costs to conduct monetary policy, adjusting the pace of appreciation or depreciation against an undisclosed trade-weighted basket of currencies by changing the slope, width and center of the band. A flatter slope allows slower appreciation or depreciation over time.
Manufacturing grew 1.1 percent from a year earlier in the three months ended June 30, and 37.6 percent from the previous quarter. The services industry rose 5 percent last quarter from a year earlier, while construction expanded 5.6 percent.
To contact the reporters on this story: Jasmine Ng in Singapore at jng281@bloomberg.net Kenneth Foo in Singapore at kfoo23@bloomberg.net
To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

 

Looking at my stocks on CIMB...seems like many stocks are going to open down this morning...

 

Feeling the down side risk is minimising, YaHOOOO.  STI is back in demand....:) Penny chion...arghhh 

DOW closed very green, hitting upside of +169.26 pt or + 1.11% to 15,460.92 points.

 

Yesterday sent 10 kg of Green Huat kueh to Ben n kaki .They kissed the Huat kueh!!! And shouted Huat ah...

LoveToInvest      ( Date: 12-Jul-2013 07:41) Posted: Haha now my turn from today onwards!!!!Everyone keep a look out of any specific news n post in forum, whoever can digest fast will profit more. halleluyah      ( Date: 12-Jul-2013 07:36) Posted: Tdy all the blue chips will take profits n let the potato chips in play, hopefully.

 

News not yet spread to individual so just enjoy the ride for a while as it take time to digest

GorgeousOng      ( Date: 12-Jul-2013 07:24) Posted: Yeo! Dow is time to take profit!!! LoveToInvest      ( Date: 12-Jul-2013 07:00) Posted: Profits! Profits! AND Profits The 20 percent average increase in profits at the six largest banks ranges from 9 percent at San Francisco-based Wells Fargo to 55 percent at Goldman Sachs, according to analysts’ estimates compiled by Bloomberg. JPMorgan’s net income probably rose 14 percent to $5.66 billion from a year earlier, according to the average estimate of analysts surveyed by Bloomberg. Wells Fargo’s profit is seen climbing to $5.05 billion. Citigroup Inc. (C) may report a 22 percent increase to $3.6 billion next week as Charlotte, North Carolina-based Bank of America’s earnings rise 26 percent to $3.1 billion, the estimates show

 

Haha now my turn from today onwards!!!!Everyone keep a look out of any specific news n post in forum, whoever can digest fast will profit more.

halleluyah      ( Date: 12-Jul-2013 07:36) Posted: Tdy all the blue chips will take profits n let the potato chips in play, hopefully.

 

Jobs created!!!!! More revenue.

LoveToInvest      ( Date: 12-Jul-2013 07:26) Posted: That's the way to keep $$$ moving around.. Profits be it market is up or down. LoveToInvest      ( Date: 12-Jul-2013 07:24) Posted: Companies are earning quite well, it's a fact and the truth facts is revealed

 

Tdy all the blue chips will take profits n let the potato chips in play, hopefully.

 

That's the way to keep $$$ moving around.. Profits be it market is up or down.

LoveToInvest      ( Date: 12-Jul-2013 07:24) Posted: Companies are earning quite well, it's a fact and the truth facts is revealed. LoveToInvest      ( Date: 12-Jul-2013 07:00) Posted: Profits! Profits! AND Profits The 20 percent average increase in profits at the six largest banks ranges from 9 percent at San Francisco-based Wells Fargo to 55 percent at Goldman Sachs, according to analysts’ estimates compiled by Bloomberg. JPMorgan’s net income probably rose 14 percent to $5.66 billion from a year earlier, according to the average estimate of analysts surveyed by Bloomberg. Wells Fargo’s profit is seen climbing to $5.05 billion. Citigroup Inc. (C) may report a 22 percent increase to $3.6 billion next week as Charlotte, North Carolina-based Bank of America’s earnings rise 26 percent to $3.1 billion, the estimates show

 

Companies are earning quite well, it's a fact and the truth facts is revealed.

LoveToInvest      ( Date: 12-Jul-2013 07:00) Posted: Profits! Profits! AND Profits The 20 percent average increase in profits at the six largest banks ranges from 9 percent at San Francisco-based Wells Fargo to 55 percent at Goldman Sachs, according to analysts’ estimates compiled by Bloomberg. JPMorgan’s net income probably rose 14 percent to $5.66 billion from a year earlier, according to the average estimate of analysts surveyed by Bloomberg. Wells Fargo’s profit is seen climbing to $5.05 billion. Citigroup Inc. (C) may report a 22 percent increase to $3.6 billion next week as Charlotte, North Carolina-based Bank of America’s earnings rise 26 percent to $3.1 billion, the estimates show. LoveToInvest      ( Date: 12-Jul-2013 06:42) Posted: 可 别 冲 昏 了 头 。 理 智 ！

 

Yeo! Dow is time to take profit!!!

LoveToInvest      ( Date: 12-Jul-2013 07:00) Posted: Profits! Profits! AND Profits The 20 percent average increase in profits at the six largest banks ranges from 9 percent at San Francisco-based Wells Fargo to 55 percent at Goldman Sachs, according to analysts’ estimates compiled by Bloomberg. JPMorgan’s net income probably rose 14 percent to $5.66 billion from a year earlier, according to the average estimate of analysts surveyed by Bloomberg. Wells Fargo’s profit is seen climbing to $5.05 billion. Citigroup Inc. (C) may report a 22 percent increase to $3.6 billion next week as Charlotte, North Carolina-based Bank of America’s earnings rise 26 percent to $3.1 billion, the estimates show. LoveToInvest      ( Date: 12-Jul-2013 06:42) Posted: 可 别 冲 昏 了 头 。 理 智 ！

 

Profits! Profits! AND Profits


The 20 percent average increase in profits at the six largest banks ranges from 9 percent at San Francisco-based Wells Fargo to 55 percent at Goldman Sachs, according to analysts’ estimates compiled by Bloomberg.
JPMorgan’s net income probably rose 14 percent to $5.66 billion from a year earlier, according to the average estimate of analysts surveyed by Bloomberg. Wells Fargo’s profit is seen climbing to $5.05 billion. Citigroup Inc. (C) may report a 22 percent increase to $3.6 billion next week as Charlotte, North Carolina-based Bank of America’s earnings rise 26 percent to $3.1 billion, the estimates show.

LoveToInvest      ( Date: 12-Jul-2013 06:42) Posted: 可 别 冲 昏 了 头 。 理 智 ！ LoveToInvest      ( Date: 12-Jul-2013 06:38) Posted: Chiong ahhh

 

可 别 冲 昏 了 头 。 理 智 ！

LoveToInvest      ( Date: 12-Jul-2013 06:38) Posted: Chiong ahhhh LoveToInvest      ( Date: 12-Jul-2013 06:35) Posted: Whoever shorting today at high will be trap trust me.将 刮 起 一 连 二 再 连 3的 高 涨 股 市 ， 这 就 是 自 由 市 场 ， Ｈ ｕ ａ

 

Chiong ahhhh

LoveToInvest      ( Date: 12-Jul-2013 06:35) Posted: Whoever shorting today at high will be trap trust me.将 刮 起 一 连 二 再 连 3的 高 涨 股 市 ， 这 就 是 自 由 市 场 ， Ｈ ｕ ａ t LoveToInvest      ( Date: 12-Jul-2013 06:23) Posted: $$$ pump into equities from bond, another rounds of uptrend coming our way,sit tight and enjoy our Huat Kueh!!!!发 个 不 停 ！

 

Whoever shorting today at high will be trap trust me.将 刮 起 一 连 二 再 连 3的 高 涨 股 市 ， 这 就 是 自 由 市 场 ，
Ｈ ｕ ａ t

LoveToInvest      ( Date: 12-Jul-2013 06:23) Posted: $$$ pump into equities from bond, another rounds of uptrend coming our way,sit tight and enjoy our Huat Kueh!!!!发 个 不 停 ！