Post Reply
321-340 of 1084
agree... all corrections happen so that the market can move even higher after "shaking out" many.
another correction had taken place when hit 2900. shouldn't be bad anyway.
Next week S'pore economic data below. We have our own 'Black Friday' too. Hehe!
Friday - S'pore final unemployment rate for Q3
- S'pore Nov retail sales
agree with you, cashier.... better to maintain a balanced outlook... neither too fearful nor hopeful. :)
i am always pessimisticly optismistic at all time when trading.
It can also be that the big boys (and big girls?) also desire the market to continue it's bull run.
those wanna speculate tomolo better sell at small profit else if kana like friday last minute sell off, very normal strategy use for big fish to clear their holdings . this way of clearing allow them to minimise the drop in price and max their profit. also leaving little room for we all to cut lost and guard against it..
Sunday December 10, 12:07 PM
Two massive casino projects can help power Singapore's red-hot stock market to new heights in 2007 because of their spill-over effects on the rest of the economy, analysts say.
Construction -- which has trailed other industries for years -- along with high-end property developments look set to be the early beneficiaries of the decision to lift a ban on casinos in the city-state.
The stock market's benchmark Straits Times Index (STI) has been on a roll since October, setting record closing highs in its march towards the 3,000-point level after starting the year at 2,369.37.
It closed Friday at 2,865.14 after touching a peak of 2,914.72 ahead of the announcement that Malaysia's Genting International won a license to build a casino and amusement park in partnership with US-based Universal Parks and Resorts on Sentosa island.
The first casino license had been awarded in May to Las Vegas Sands, which will erect a convention and hotel complex near the banking district.
The two "integrated resorts" are expected to inject altogether more than six billion US dollars in investments into the economy as they are constructed over the next four years.
A Citigroup report calculated the two resorts could boost Singapore's annual economic growth by 0.1-0.2 percentage points in 2007-2009 and as much as 0.3-0.5 percentage points from 2010 onwards when they are both in operation.
The government estimates 2006 economic growth at 7.5-8.0 percent, moderating to a still healthy 4.0-6.0 percent in 2007.
"The lift in the (casino) pre-completion phase comes from construction spending and spill-over benefits, particularly from enhanced property values," Citigroup said.
"Stronger gains post-2010 will come from a surge in tourism, jobs and betting taxes," it said, adding property values near the locations of the two resorts have already soared by more than 30 percent.
Analysts say foreign players are also pouring funds into Asia as part of a global shift based on expectations the region can withstand a US slowdown next year. Property firms are among the investors' favourites.
"The integrated resorts are a big boost to tourism, to high-end property values," Chua Hak Bin, an economist with Citigroup in Singapore, told AFP, adding that "there seems to be considerable firepower" behind the stock market's record-busting spree.
CIMB-GK Research said in a report to clients that "the main impetus for the Singapore stock market in 2006 was the buzz created by the government's attempts to jazz up the country" which include the casino projects.
It urged investors to "stay the course" in 2007 since "the outlook is rosy."
Turnover at the Singapore Exchange has been around 1.0 billion US dollars daily, a lower valuation than at exchanges in Seoul, Taiwan, Sydney and Hong Kong, indicating more room for growth.
The property sector has been the main winner in the bull run so far and is expected to remain a favorite with investors next year, said Macquarie Equities Research.
"We expect sustained interest in property into next year, both from equity investors as well as direct property investors," it said, adding high-end housing prices are expected to rise 15 percent in 2007.
"The Asian property outlook remains strong in 2007 and CapitaLand, in our view, is the best proxy to Asian reflation," Macquarie said in a report.
CIMB-GK favours stocks of high-technology manufacturing firms because of their current valuations.
"We take the view that tech has been a big laggard for two years and valuations have turned very attractive," said CIMB-GK.
Casino projects to help extend Singapore bull run into 2007
Two massive casino projects can help power Singapore's red-hot stock market to new heights in 2007 because of their spill-over effects on the rest of the economy, analysts say.
Construction -- which has trailed other industries for years -- along with high-end property developments look set to be the early beneficiaries of the decision to lift a ban on casinos in the city-state.
The stock market's benchmark Straits Times Index (STI) has been on a roll since October, setting record closing highs in its march towards the 3,000-point level after starting the year at 2,369.37.
It closed Friday at 2,865.14 after touching a peak of 2,914.72 ahead of the announcement that Malaysia's Genting International won a license to build a casino and amusement park in partnership with US-based Universal Parks and Resorts on Sentosa island.
The first casino license had been awarded in May to Las Vegas Sands, which will erect a convention and hotel complex near the banking district.
The two "integrated resorts" are expected to inject altogether more than six billion US dollars in investments into the economy as they are constructed over the next four years.
A Citigroup report calculated the two resorts could boost Singapore's annual economic growth by 0.1-0.2 percentage points in 2007-2009 and as much as 0.3-0.5 percentage points from 2010 onwards when they are both in operation.
The government estimates 2006 economic growth at 7.5-8.0 percent, moderating to a still healthy 4.0-6.0 percent in 2007.
"The lift in the (casino) pre-completion phase comes from construction spending and spill-over benefits, particularly from enhanced property values," Citigroup said.
"Stronger gains post-2010 will come from a surge in tourism, jobs and betting taxes," it said, adding property values near the locations of the two resorts have already soared by more than 30 percent.
Analysts say foreign players are also pouring funds into Asia as part of a global shift based on expectations the region can withstand a US slowdown next year. Property firms are among the investors' favourites.
"The integrated resorts are a big boost to tourism, to high-end property values," Chua Hak Bin, an economist with Citigroup in Singapore, told AFP, adding that "there seems to be considerable firepower" behind the stock market's record-busting spree.
CIMB-GK Research said in a report to clients that "the main impetus for the Singapore stock market in 2006 was the buzz created by the government's attempts to jazz up the country" which include the casino projects.
It urged investors to "stay the course" in 2007 since "the outlook is rosy."
Turnover at the Singapore Exchange has been around 1.0 billion US dollars daily, a lower valuation than at exchanges in Seoul, Taiwan, Sydney and Hong Kong, indicating more room for growth.
The property sector has been the main winner in the bull run so far and is expected to remain a favorite with investors next year, said Macquarie Equities Research.
"We expect sustained interest in property into next year, both from equity investors as well as direct property investors," it said, adding high-end housing prices are expected to rise 15 percent in 2007.
"The Asian property outlook remains strong in 2007 and CapitaLand, in our view, is the best proxy to Asian reflation," Macquarie said in a report.
CIMB-GK favours stocks of high-technology manufacturing firms because of their current valuations.
"We take the view that tech has been a big laggard for two years and valuations have turned very attractive," said CIMB-GK.
which means there's still a lot of action ahead... :)
billywows,
Think Cos with YE 31 Dec 06 will have up to 28 Feb 07 to submit their FY results. Those with other YE have up to mid Feb to make their quarterly announcements. So, activity in the market due to results announcement will continue till end Feb.
I know some investors who sold out as early as June 06 (to wait for a major correction) have yet to re-enter. These people have a long time to wait... Because sentiment in Wall Street is so bullish right now, ST can't be falling anytime soon, not between now till end of 1Q07. My own personal opinion is to be fully invested in equity right now & not wait. I hope Monday will be blue sky, especially Genting + property stocks, after last Fri's glitch.
- Most analysts are expecting a rate cut in Feb 07 (FED meeting).
- Weak $ going forward will boost US export & thus fuelling manufacturing growth there.
- Oil prices are expected to hover around $50 to $65 that is manageable.
- P/E mulitply in US co. are at its best level in years.
Am still optimistic the global market's uptrend will continue into 'uncharted waters' till end January '07 after companies' Q4 results .... Monday will be a rebound in SGX! :-)
to cost such a fall, the big fish need to sell together.. 1.3% is not 1 -2 players can make it one. i am only worried is monday.. since they make a move. i believe they are going to complete it.. they always catch ppl when they least expect.. An Jian nan fang.. even TA chart also cant tell. all i know is that i have waited for big dip since last month..
I believe that the huge fall could only be due to institutional players. However, the large fall at the end of the trading day is very curious indeed. Was it "orchestrated" ?
Cashier... the word 'crash' may tickle some sensitive nerves to sell a bit. :(
another reason i just think of could be that the Real player intends to keep STI within that upwatd channel since july.. now that it exceed that channel, they need to bring it down to keep sti within that channel.. i guess they too are unconfortable with the current accelerated raise..
there is 3 logical reason which i quess that explain friday crashes.
1)insider cash out on the rally which is unsupported. but rather very hyped by the IR issue.. this frenzy always happen like a cycle..
2)insider cash out in case the friday's USA jobs data is bad..
3)STI is toppish and unhealthy.. due for a mild correction
No worries! US market stayed afloat last nite .... Gonna be a GREEN Monday next week after the huge sell-down yesterday. :)
I was looking at the STI's intraday chart.... most of the selling occured in the last minutes before closing!
Very interesting indeed..... wonder what's the deal here.
Thanks elizlow!
But as you can see, I'm still posting while on holiday. My hotel has an Internet cafe it so its very convenient.