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| STI gains 0.5% to 3,197.96 at closing |  |  |  |
| WRITTEN BY BLOOMBERG | |
| THURSDAY, 02 DECEMBER 2010 17:47 | |
Singapore’s Straits Times Index gained 0.5% to 3,197.96 at the close, its highest since Nov. 18. Almost three stocks rose for each that fell in the benchmark equity index of 30 companies. Shares on the measure trade at an average 15.6 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. Palm-oil suppliers: Crude palm-oil futures for February delivery advanced to a 28-month high in Kuala Lumpur today on speculation global demand for vegetable oils will increase. Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, climbed 1.4% to 75 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, surged 4.4% to $2.85. Boustead Singapore (BOCS SP), a provider of engineering services, dropped 3.6% to $1.08. DBS Group Holdings cut its recommendation to “hold” from “buy.” The brokerage also lowered its share-price forecast to $1 from $1.10. Capitaland (CAPL SP), Southeast Asia’s biggest developer, gained 0.8% to $3.69. The company plans to introduce an average of 3,000 residential units in China annually as part of its growth strategy in the country, the Singapore-based company said in investor briefing materials filed to the Singapore stock exchange. It said it also plans to expand the number of its serviced residences in the country to 12,000 units by 2015 from 6,246 currently. Cosco Corp. Singapore (COS SP), a China-based shipbuilder, increased 1.5% to $2.09. The company won contracts valued at more than US$110 million ($144.3 million) to build three bulk carriers. Deliveries are scheduled for September 2012 and January 2013, it said. Noble Group (NOBL SP), a Hong Kong-based supplier of commodities, rose 0.5% to $2.09. The company said it received US$2.54 billion of revolving loan facilities from creditors. Osim International (OSIM SP), Asia’s biggest maker of massage chairs outside of Japan, surged 4.8% to $1.54. The company said it is seeking to list Taiwan depositary receipts. United Engineers (UEM SP), an engineering company and property developer, advanced 2.7% to $2.67. The company said it plans to raise $72.3 million selling shares in its engineering and construction business, which will be listed separately on the Singapore stock exchange. |
iPunter ( Date: 02-Dec-2010 17:35) Posted:
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This shows you did not read one of my earlier comments about this point.
I said one must separate a company from its shares.
Though they are intimately related, a company and
it's shares must be treated as two separate entities.
This is because a company's fundamentals, etc
can be excellent and remain the same at any stretch of time,
and yet it's share's price can fluctuate over a very wide range.
And this market fluctuation in price is what people are betting on
to make money. The market is the market.
Demand and supply, both rational and irrational,
is what the market is about... 
Hulumas ( Date: 02-Dec-2010 17:20) Posted:
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Buying share . . . we buy to join the underlying share's company. But
buying the gambling chips . . . we bet to win or loss without joining the underlying betting game's casino.
iPunter ( Date: 02-Dec-2010 13:38) Posted:
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Hulumas ( Date: 02-Dec-2010 13:31) Posted:
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iPunter ( Date: 02-Dec-2010 10:18) Posted:
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SGG_SGG ( Date: 02-Dec-2010 10:19) Posted:
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krisluke ( Date: 02-Dec-2010 12:53) Posted:
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Believe in Feng Shui,
Fengshui play a part in equity market too. 
"October is possibly one of the best months of the year, with life returning to the markets. It marks the return of a sustained drive upwards that continues into November, December and January. Each of the last three months features an auspicious date; 17 November, 8 December, 16 January." CLSA HK
Clsa fengshui 2010
SGG_SGG ( Date: 02-Dec-2010 10:19) Posted:
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Of course this can be a good idea...
especially when done in a casino... hehehe...
Hulumas ( Date: 01-Dec-2010 22:10) Posted:
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A 'general trend' or 'major trend' or 'dominant trend'...
All these can never be predicted by anyone.
Of course trends can be very easily identified,
but only after the event, ie after they have been observed to be formed...
Of course the 'super long-term trend' must be up...
Livermore ( Date: 01-Dec-2010 23:01) Posted:
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iPunter ( Date: 01-Dec-2010 18:27) Posted:
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iPunter ( Date: 01-Dec-2010 22:08) Posted:
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Dip more, buy more...
Like that sure to break-even.
hehehe...
Bluevaio ( Date: 01-Dec-2010 21:07) Posted:
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