
wa...like bottomless pit...
Watch this critical support for SGX.
http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/sgx-getting-near-to-critical-support/
 
serious ah? will drop till so much?
rotijai ( Date: 30-Apr-2011 10:02) Posted:
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i am thinking of 5.7 !
warrenbegger ( Date: 29-Apr-2011 21:43) Posted:
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On Friday, SGX continue to trend downwards and closed at $7.80 with LOW volume of 4.1 million shares traded.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
Both RSI & MACD are bearish as RSI continue to trend downwards.
Important Resistance of SGX: $7.86
Immediate Support of SGX: $7.55
Currently prices are well below 20/50/100/200 days MA.
Yesterday prices broke................. READ MORE
 
It can drop below 7.50
It can also up pass 8.50 again
If u load at 8.01, i think u dont had to cut loss now as u already late a bit. U should cut around 7.90
I think still got chance to go up 8.50+ again but dont know when, maybe few week or few month.
But if maket turn bad many day in row  and drop below 7.70. maybe u can consider to cut loss and load back at lower px if u still want sgx.
Now SGX got no clear direction so depend what kind of risk and reward u want. If i want to load SGX, i load below 7.5
bryancbq ( Date: 29-Apr-2011 18:57) Posted:
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how low do you guys think this will drop? bought it at 8.01, keep dropping, donno should let go anot.
niuyear ( Date: 29-Apr-2011 17:06) Posted:
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We are seeing   REFORM in SGX.  
Are we? 
pharoah88 ( Date: 29-Apr-2011 17:02) Posted:
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SGX’s CFO Seck quits
Christopher Howells
SINGAPORE — The long-standing chief financial officer of the Singapore Exchange (SGX), Mr Seck Wai Kwong, will be leaving for a new role with State Street Bank & Trust Co, the bourse said yesterday.
Apr 28 - TA for SGX, (do checkup my blog for update: ckhpaul.blogspot.com
Trend - Entering Down Trend (from MACD indicator)
Momentum - Oversold
Support - 7.85
Resistance - 8.42
Candlesticks - 3 black crows forming.
SGX has been on my watch list for short term trading. However, it is forming a 3 black crows candlesticks. Probability a bearish reversal might occur. If breaks the 7.85 support, then support turn resistance.
Trend - Entering Down Trend (from MACD indicator)
Momentum - Oversold
Support - 7.85
Resistance - 8.42
Candlesticks - 3 black crows forming.
SGX has been on my watch list for short term trading. However, it is forming a 3 black crows candlesticks. Probability a bearish reversal might occur. If breaks the 7.85 support, then support turn resistance.
BS look good...but I look another thread that stamfordland has huge land banks where some of its hotels sits. Can build hotels, office, retail, residential etc....
Current hotels and office assets values more than double current share price.....
A$ so strong...
I think SL will be a better bet...
 
 
 
starlene ( Date: 21-Apr-2011 10:51) Posted:
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SGX should explain spending
As a shareholder of the Singapore Exchange (SGX), I am shocked to learn that the expenditure leading to the proposed signing of an agreement to buy up the AXS is as huge as S$19.5 million (being S$7.5 million in Q2 and S$12 million in Q3).
I would request the chief executive officer of SGX, Mr Magnus Bocker, to give shareholders a breakdown of this huge amount spent.
To tie-up with other bourses should SGX have any further plans or intention to tie up with other bourses, I think its spending should be checked carefully.
Letter from Liew Sing Hun
Probably must have attended the course conducted by the wrong person
Before you attend the course, always ask for proven record
Do you know who is the best in Singapore?
You guess!
pharoah88 ( Date: 26-Apr-2011 10:24) Posted: |
american softball nicer than cricket?
starlene ( Date: 20-Apr-2011 11:13) Posted:
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OVER 95% of shOrt-term traders  lOse  mOney  ? ? ? ?
brOkerage  shOUld  be  based  On  prOfits  ? ? ? ?
WIN-WIN  apprOach  tO  Increase  TradIng  vOlUmes

brOkerage  shOUld  be  based  On  prOfits  ? ? ? ?
WIN-WIN  apprOach  tO  Increase  TradIng  vOlUmes
Study Bukit Sembawang ever traded up to $30 and in 2007 was $12-$16 before ex bonus/warrants brought it to current $4.33,limited downside from here,$1 billion worth of land/ppties at Seletar Area,excellent FYE 31March 2011...almost 100% sale of Paterson Tower and launching of Telok Blangah Heights condo diagonally opposite Sentosa,this year...buy and don't see always give good returns and capital gains-controlled by Lee Rubber group and Abderdeen Asset Mgt
leolim818 ( Date: 19-Apr-2011 10:53) Posted:
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SGX: Full day trading to start in 2Q. 3Q Results were generally in-line with net profit at $67m, which was approx $77m excld merger costs and gains from disposal. Derivative revenues showed a gain of 14.1%qoq which offsets securities revenue which fell 9.1%qoq...
Houses maintaining Buy are DB, cuts TP to $9.50 from $10.50 and UBS cuts TP$9.30 from $9.70. CIMB maintains Outperform with TP$10.12. JPM maintains Neutral and CS maintains Neutral as well but cuts TP to $9.00 from $9.40. IIFL maintains Reduce TP$7.40.
Houses maintaining Buy are DB, cuts TP to $9.50 from $10.50 and UBS cuts TP$9.30 from $9.70. CIMB maintains Outperform with TP$10.12. JPM maintains Neutral and CS maintains Neutral as well but cuts TP to $9.00 from $9.40. IIFL maintains Reduce TP$7.40.
Singapore wants to be the Renminbi hub

Singapore wants to be the Renminbi hub
Singapore is bidding to become the 1st Overseas Hub for trading Renminbi, marking a new stage in the Internationalization of the Chinese currency.
The Monetary Authority of Singapore said Beijing will soon appoint a Chinese bank to clear Renminbi trades in the City State, a move that would enable Singaporean banks to directly access onshore Renminbi rather than having to route transactions via Hong Kong or commercial banks on the Mainland.
Almost 7% of China’s International trade was settled in Renminbi in Q-1 of this year, up from almost Zero 2 yrs ago, official data showed this week.
The People’s Bank of China, which declined to comment on the Singapore plans, is pushing for a greater role for the renminbi in global trade and investment so that China can reduce its almost total reliance on the USD.
Goh Chok Tong, the former prime minister who now chairs the board of the MAS, said the PBoC will soon approve a Singapore branch of a major Mainland bank to handle the clearing.
The clearing bank is expected to be either Industrial and Commercial Bank of China or Bank of China, which have the largest Chinese banking operations in Singapore.
A little bit lower around $7.80 may be a good buying opportunity,
starlene ( Date: 20-Apr-2011 11:13) Posted:
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The next big push for SGX will be when it was being swallowed by bigger boursess eg NYSXE,rtaher waste time and $ try to take ASX and still not successful..good time to buy now