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SGX

well...mkt more or less factor in bad qtr result for SGX going to be announced today by now...that is a non-issue...the ISSUE is..the overall mkt sentiment for general stocks in SGX !!..hee..let see how the PM session for today will head......seems like at 7.81 still many aplenty SHORTING opportunities !! :D

cheers ! :D

 

Luckily I sold my 2 lots (in 8.12 out 8.25) on Friday for <$100.00 as I did not wish to hold over the weekend. If not today I will be stucked. I shall stay sideline and see show today! I will buy in again if hit $6.50+, not today but got feel akan datang!

 

Strong blocking at 7.80, yes man tis pm is rather gloomy. OK will stay sideline leow.. Tks for the advice. Cheers.

 

NOW IS FLAT MARKET,,,,,,,,ANY REBOUNDJUST ACHANCE TO SELL IN STRNGE,,,,,,,,,,SELL WHEN MARKET BEFORE GETTING WORST,,,,,,,,,I KNOW THERE WAS NO PANIC SELL,,,,,,but now is time to slideline,,,,,,,,alot last week buyer going to show hand,,,,,,,,i dun think they goint to pit up,,,,,,,so worst is akan datang tis afternnon 2pm to 4 pm,,,,,,,,,,,,,,,

 

yep...take a breather first...so far this is not the time for bargain hunting yet...a correction phrase in progress...let the prices come lower first

synnexo      ( Date: 14-Apr-2008 12:06) Posted: Take a breather for the week. Might not be as bad as what u mentioned. A correction is expected but not panic selling.

 

Take a breather for the week.

Might not be as bad as what u mentioned.

A correction is expected but not panic selling.

 

hk down,,,,,,,,shanghia laosai......33000 akan datang...........SGX AUTO GEAR,,,,,,,,,FROM MANUAL.......BE CAREFUL

 

Published April 14, 2008

SGX may post $103m net

SINGAPORE Exchange is expected to report its smallest profit in four quarters as new listings plunged and trading volumes slowed. SGX is expected to post a net profit of $103 million for its third quarter ended March, a poll of four analysts showed. That would be a 15.7 per cent increase from $89 million a year ago, but below the $157 million recorded in the second quarter ended December. Quarterly forecasts of between $97 million and $110 million was consistent with the 20 per cent fall in trading volume from the preceding quarter, said an analyst. -- Reuters

 

Low proportion of public tranche shares in IPOs a clear sign of weak demand, say industry players

By CHEW XIANG

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(SINGAPORE) It is still a tough market for companies hoping to sell shares, although sentiment on the Singapore Exchange (SGX) has improved after the lows of March.

'This week's sentiment can be different from last week's. So we really need to have enough institutional investors who are more sophisticated and can take a longer-term view.' - an investment banker

Investors remain reluctant to part with their cash, which has made it hard for some companies hoping to tap the market, industry players say.

While two firms - China Zaino, a backpack maker, and China Eratat, a sportswear firm - registered their prospectuses last week and have launched initial public offerings (IPOs), sources pointed to the very low proportion of public tranche shares as a clear sign of weak demand.

China Zaino offered just two million shares for public subscription out of 145 million shares in total. China Eratat offered 8 million shares to the public and set aside 155 million shares for private placement. An issue manager noted that in last year's bull market, it was common to leave up to 10 per cent of IPO shares for the public.

That the two China companies have made it to the registration stage is already something of an achievement, because investors now are very selective. An issue manager said: 'Investment banks will not launch an IPO without strong indicative demand.' BT understands both the issues are already oversubscribed.

One result of all this is that share placements have become hit and miss affairs. Some recent placement attempts ran into trouble when their issue managers found themselves unable to drum up enough investor interest, say market players.

China Stationery, which lodged its prospectus in early March, is said to have seen 'poor response' at its roadshows. An industry source said the issue manager had to slash the price from over 30 cents to between 20 and 30 cents a share. 'In terms of valuation, that's not very demanding. But there are many other undervalued companies in the market now,' said the source.

Novo Group, a steel trading company which is trying for a backdoor listing through a reverse takeover of Neocorp International, is also finding it difficult to push through a placement.

Its chairman Dicky Yu told BT last month that the deal would be done and trading would resume by the end of March. But the stock is still suspended more than a fortnight later.

A source not connected with the issue pointed to the low margins associated with trading companies like Novo. 'For investors, they will prefer to buy shares in bigger, more established trading companies,' he said. In contrast to Novo, Noble Group, a major commodities trader, recently raised over $200 million in a successful private placement.

With the uncertainty over placements, a director at an investment bank said companies were turning to rights issues instead. 'Substantial shareholders will be taking it up so there's more certainty,' he said.

He pointed to Olam International, which raised $307 million through a preferential share offer. Because its management team and key shareholders had made undertakings to subscribe for all their entitlements, 'they had no problem with their rights issue', said the director.

Other companies are treading the same path - K-Reit is raising $552 million through a rights issue. Parkway Holdings is also raising $785.7 million through a seven- for-fifteen rights issue at $2.18 a share.

But if a company is keen to get listed or planning to raise funds, there is little point in trying to time the market, said Loo Chin Keong, an executive director at Westcomb Capital. 'It's very difficult. I would advise companies to just lodge their prospectus and wait for a window to come up.'

The spanner in the works remains fickle public sentiment and this is making any share issue tricky.

'This week's sentiment can be different from last week's. So we really need to have enough institutional investors who are more sophisticated and can take a longer-term view,' said an investment banker.

 

Just to give a personal though:

At current price, the yield is ~4.8% base on the previous announced results. For long term investors, it's better to stick to > 5% yield and taking into consideration its projected earnings(should be somehow lower due to lower vol). Thus, this bring us to a price range of <$6.50 with ~20% downside buffer.

I'm waiting for it to materilise(miss the last boat) before i start to buy-in. As for short term investors/traders, it's a totally different kind of approach....Cheers!

 

Tot it will announce only after market hours?hmm..

FY2008 Third Quarter Financial Results SGX will be announcing its FY2008 3Q financial results after market hours on 14 April 2008, Monday.

 

 

No result from SGX yet and most likely they will reveal the result after lunch. Yes, I also feel that at this moment, the price is not favourable for shorting, neither to buy in. Once the result is out, thats will give us the pointer to decide. However, owing few BBs in US going to announce result over this week, really difficult to predict them to decide long or short term investment strategies.

I will be bystander for while to heal my pockets first. Cheers.

 

after closing hours today...SGX will reveal their financials for previous quarter...many analysts do not see it being good

 

This burger is recovering nicely from the aftershock of the overnight DOW, there's a lot of buying up when dropped below 7.90. I am seeing SGX will move up to above $8.00 today and perhaps close there. I thnk tomorrow will be better to short than today. Cheers!

 

Dun worry lah..As mention, test market. Will cut loss if it goes out of control.

 

Today SGX cannot short lah! At least not at this moment.

 

lol. the master shortist is here. i'll let him take over. have fun, you guys. ;)

 

SHORTED too early lah...wait...be patience..wait after lunch :P

 

fyi my count for sgx was supposed to be open at 8.11, short possible to ~7.8-7.87. but it took the other way and opened at its pivot. ie, likely to go up. that's why i said don't short at opening bell.

 

don't short; not yet; follow the bbs. cos it opened at just above its pivot; so not worth then. now wait and see