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It could be a technical rebound more than resume bullish trend.
After so many days of down down, it time to moves up again.
Whether this rebound got enough strength will depend on tmr performance.
If really market U - Turns, can opts to chase stocks which did not gain much today.
As I said before, bullish trend is commencing while emerging to December 2010!
bsiong ( Date: 01-Dec-2010 19:11) Posted:
End of the Day Market Summary (the Edge) STI climbs 1.2% to 3,181.94 at closing | WRITTEN BY BLOOMBERG | | WEDNESDAY, 01 DECEMBER 2010 17:58 |
Singapore’s Straits Times Index climbed 1.2% to 3,181.94 at the close, the most since Nov. 8. Almost eight stocks rose for each that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.4 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 increased as much as 2.6% in Kuala Lumpur today.
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, climbed 2.1% to 74 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, advanced 3% to $2.73. Wilmar International(WIL SP), the world’s largest palm-oil trader, gained 0.5% to $6.05. Amtek Engineering (AMTK SP), a supplier of precision components to companies such as Sony Corp., tumbled 21% to $1.03 on its first trading day. The company offered as many as 230 million shares at $1.30 each, including an over- allotment option, in its initial share sale. The public offering was 1.4 times subscribed. Chuan Hup Holdings (CH SP), a Singapore-based marine transport company, surged 7% to 23 cents. The company said it agreed to sell its entire 23.2% stake in Scomi Marine, a Malaysia-based marine transport company, for 91.8 million ringgit ($38.1 million). The 170 million Scomi Marine shares will be sold to The Asian Entrepreneur Legacy One LP and Petroworld Investments Inc. C&O Pharmaceutical Technology Holdings (COPT SP), a China-based drugmaker, climbed 2.1% to 49.5 cents. The company said Sumitomo Corp., a Japanese trading house, agreed to acquire 29% of the company for $96.2 million, or 50 cents a share. Osim International (OSIM SP), Asia’s biggest maker of massage chairs outside of Japan, rose 2.1% to $1.47. IIFL Securities, a unit of Indian brokerage India Infoline, initiated coverage of the stock with a “buy” rating and share-price estimate of $1.80.
| | LAST UPDATED ON WEDNESDAY, 01 DECEMBER 2010 18:01 |
bsiong ( Date: 01-Dec-2010 16:15) Posted:
STI turns up, +0.2% at 3,150.92, though volume modest at 624 million shares worth $700 million, suggesting limited investor participation, with most analysts expecting market to remain lackluster heading towards year-end. For next year, UBS expects earnings upgrade momentum to slow sharply, due to slowing growth, rising cost pressures, hawkish domestic policies: “Having said that, we believe valuations are supportive primarily because long-term Singapore dollar interest rates are likely to stay exceptionally low, as capital inflows chase the expected appreciation of the Singapore dollar.”
Sets end-2011 STI target at 3,600. Gains in SIA (C6L.SG), +2.7% at $15.84, likely buoying index, despite its $61.9 million provision to be made current FY. Other actives include Keppel Corp (BN4.SG) +1.3% at $10.80, Golden Agri (E5H.SG) +0.7% at $0.730, Genting Singapore (G13.SG) +0.5% at $2.00. Index unlikely to push above 50-day moving average, last 3,173; support at 3,118. /the edge/
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End of the Day Market Summary (the Edge)
STI climbs 1.2% to 3,181.94 at closing
| WRITTEN BY BLOOMBERG |
| WEDNESDAY, 01 DECEMBER 2010 17:58 |
Singapore’s Straits Times Index climbed 1.2% to 3,181.94 at the close, the most since Nov. 8. Almost eight stocks rose for each that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.4 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 increased as much as 2.6% in Kuala Lumpur today.
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, climbed 2.1% to 74 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, advanced 3% to $2.73. Wilmar International(WIL SP), the world’s largest palm-oil trader, gained 0.5% to $6.05. Amtek Engineering (AMTK SP), a supplier of precision components to companies such as Sony Corp., tumbled 21% to $1.03 on its first trading day. The company offered as many as 230 million shares at $1.30 each, including an over- allotment option, in its initial share sale. The public offering was 1.4 times subscribed. Chuan Hup Holdings (CH SP), a Singapore-based marine transport company, surged 7% to 23 cents. The company said it agreed to sell its entire 23.2% stake in Scomi Marine, a Malaysia-based marine transport company, for 91.8 million ringgit ($38.1 million). The 170 million Scomi Marine shares will be sold to The Asian Entrepreneur Legacy One LP and Petroworld Investments Inc. C&O Pharmaceutical Technology Holdings (COPT SP), a China-based drugmaker, climbed 2.1% to 49.5 cents. The company said Sumitomo Corp., a Japanese trading house, agreed to acquire 29% of the company for $96.2 million, or 50 cents a share. Osim International (OSIM SP), Asia’s biggest maker of massage chairs outside of Japan, rose 2.1% to $1.47. IIFL Securities, a unit of Indian brokerage India Infoline, initiated coverage of the stock with a “buy” rating and share-price estimate of $1.80.
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| LAST UPDATED ON WEDNESDAY, 01 DECEMBER 2010 18:01 |
bsiong ( Date: 01-Dec-2010 16:15) Posted:
STI turns up, +0.2% at 3,150.92, though volume modest at 624 million shares worth $700 million, suggesting limited investor participation, with most analysts expecting market to remain lackluster heading towards year-end. For next year, UBS expects earnings upgrade momentum to slow sharply, due to slowing growth, rising cost pressures, hawkish domestic policies: “Having said that, we believe valuations are supportive primarily because long-term Singapore dollar interest rates are likely to stay exceptionally low, as capital inflows chase the expected appreciation of the Singapore dollar.”
Sets end-2011 STI target at 3,600. Gains in SIA (C6L.SG), +2.7% at $15.84, likely buoying index, despite its $61.9 million provision to be made current FY. Other actives include Keppel Corp (BN4.SG) +1.3% at $10.80, Golden Agri (E5H.SG) +0.7% at $0.730, Genting Singapore (G13.SG) +0.5% at $2.00. Index unlikely to push above 50-day moving average, last 3,173; support at 3,118. /the edge/
bsiong ( Date: 01-Dec-2010 14:01) Posted:
MIDDAY REPORT | STI flat midday; cautious trade to remain -SIAS |
| WRITTEN BY DOW JONES & CO, INC | | WEDNESDAY, 01 DECEMBER 2010 12:51 |
STI flat at 3143.77 midday with little impetus pushing market either way, though negative tone likely to remain given weak China, HK bourses in face of China data reinforcing need for Beijing tightening measures.
“With the markets still rather weak at this point in time, we’re concerned that stocks will still be trading cautiously,” says SIAS Research technical analyst Edmund Seow. “That being said, the U.S. markets do seem to have a little more stability in them at this time, and their consolidations seems to be starting to end.”
Low 527 million shares traded, with debutante Amtek (M1P.SG) most active, at $1.02, well below $1.30 IPO price. SembCorp Marine (S51.SG), down 1.6% at $4.79, still underperforming peers after Petrobras tender pricing last week. Reyoung Pharmaceutical (R12.SG) +21% at $0.520 on buyout offer; C&O Pharmaceutical (E92.SG) +3.1% at $0.50 on investment by Sumitomo Corp. 3118 still likely STI support.
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////////The Edge/////
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Today the world markets rallied apparently due to
news of wrapping up of the war games...
Thus there's widespread euphoria...
It is only with hindsight that one can tell what market it is...
I said "if he"...
and not that we are in a bear market...
Nobody can know whether we are in a bull or bear market...
which means, we can of course be in a big bull market now...
des_khor ( Date: 01-Dec-2010 14:38) Posted:
Are you very sure we are in bear now ?? just curious how you get to know it ??
iPunter ( Date: 01-Dec-2010 11:09) Posted:
You are right... if he keeps on buying in a bear market, It is ok if it's a demo, or other people's. But if it is one's own money, then he will 'can't eat', 'can't sheet''... and his hair would have fallen off or turned grey soon...
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Yes, you are right, I have several counters paper gain that I recently bought, normaly I could ride on about 20 to 25% gain. This time I 'll expect about 20% gain on hand, while I keep buying selectively the other counters.
alexchia01 ( Date: 01-Dec-2010 17:24) Posted:
1 Dec 2010 – STI close Up at 3182. Moving Sideways.
If STI moves above 3182 tomorrow, it could be the start of the Bull Run. That is the 1st Day of the Buy Window and the Best time to start Buying; Risk is Minimum and Success Rate is High.
Now is to load your ammo and get ready to start Buying. Aim for Good Fundamental Counters that are Under Value.
More on my Blog at Alex Trades.
This is just my personal views. You invest at your own risk.
Good luck to all.
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1 Dec 2010 – STI close
Up at
3182. Moving Sideways.
If STI moves above 3182 tomorrow, it could be the start of the Bull Run. That is the 1st Day of the Buy Window and the Best time to start Buying; Risk is Minimum and Success Rate is High.
Now is to load your ammo and get ready to start Buying. Aim for Good Fundamental Counters that are Under Value.
More on my Blog at
Alex Trades.
This is just my personal views. You invest at your own risk.
Good luck to all.
STI turns up, +0.2% at 3,150.92, though volume modest at 624 million shares worth $700 million, suggesting limited investor participation, with most analysts expecting market to remain lackluster heading towards year-end.
For next year, UBS expects earnings upgrade momentum to slow sharply, due to slowing growth, rising cost pressures, hawkish domestic policies: “Having said that, we believe valuations are supportive primarily because long-term Singapore dollar interest rates are likely to stay exceptionally low, as capital inflows chase the expected appreciation of the Singapore dollar.”
Sets end-2011 STI target at 3,600. Gains in SIA (C6L.SG), +2.7% at $15.84, likely buoying index, despite its $61.9 million provision to be made current FY. Other actives include Keppel Corp (BN4.SG) +1.3% at $10.80, Golden Agri (E5H.SG) +0.7% at $0.730, Genting Singapore (G13.SG) +0.5% at $2.00. Index unlikely to push above 50-day moving average, last 3,173; support at 3,118.
/the edge/
bsiong ( Date: 01-Dec-2010 14:01) Posted:
MIDDAY REPORT | STI flat midday; cautious trade to remain -SIAS |
| WRITTEN BY DOW JONES & CO, INC | | WEDNESDAY, 01 DECEMBER 2010 12:51 |
STI flat at 3143.77 midday with little impetus pushing market either way, though negative tone likely to remain given weak China, HK bourses in face of China data reinforcing need for Beijing tightening measures.
“With the markets still rather weak at this point in time, we’re concerned that stocks will still be trading cautiously,” says SIAS Research technical analyst Edmund Seow. “That being said, the U.S. markets do seem to have a little more stability in them at this time, and their consolidations seems to be starting to end.”
Low 527 million shares traded, with debutante Amtek (M1P.SG) most active, at $1.02, well below $1.30 IPO price. SembCorp Marine (S51.SG), down 1.6% at $4.79, still underperforming peers after Petrobras tender pricing last week. Reyoung Pharmaceutical (R12.SG) +21% at $0.520 on buyout offer; C&O Pharmaceutical (E92.SG) +3.1% at $0.50 on investment by Sumitomo Corp. 3118 still likely STI support.
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////////The Edge/////
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Are you very sure we are in bear now ?? just curious how you get to know it ??
iPunter ( Date: 01-Dec-2010 11:09) Posted:
You are right... if he keeps on buying in a bear market, It is ok if it's a demo, or other people's. But if it is one's own money, then he will 'can't eat', 'can't sheet''... and his hair would have fallen off or turned grey soon...
des_khor ( Date: 01-Dec-2010 10:47) Posted:
| So scary !! so worry !! at night can't sleep ! how ?? |
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MIDDAY REPORT
| STI flat midday; cautious trade to remain -SIAS |
| WRITTEN BY DOW JONES & CO, INC |
| WEDNESDAY, 01 DECEMBER 2010 12:51 |
STI flat at 3143.77 midday with little impetus pushing market either way, though negative tone likely to remain given weak China, HK bourses in face of China data reinforcing need for Beijing tightening measures.
“With the markets still rather weak at this point in time, we’re concerned that stocks will still be trading cautiously,” says SIAS Research technical analyst Edmund Seow. “That being said, the U.S. markets do seem to have a little more stability in them at this time, and their consolidations seems to be starting to end.”
Low 527 million shares traded, with debutante Amtek (M1P.SG) most active, at $1.02, well below $1.30 IPO price. SembCorp Marine (S51.SG), down 1.6% at $4.79, still underperforming peers after Petrobras tender pricing last week. Reyoung Pharmaceutical (R12.SG) +21% at $0.520 on buyout offer; C&O Pharmaceutical (E92.SG) +3.1% at $0.50 on investment by Sumitomo Corp. 3118 still likely STI support.
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////////The Edge/////
You are right...
if he keeps on buying in a bear market,
It is ok if it's a demo, or other people's.
But if it is one's own money,
then he will 'can't eat', 'can't sheet''...
and his hair would have fallen off or turned grey soon...
des_khor ( Date: 01-Dec-2010 10:47) Posted:
| So scary !! so worry !! at night can't sleep ! how ?? |
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Now more scary !! can't , can't shit ....
Anyway, we should feel good for those
who take huge risks and made it...
Hulumas ( Date: 01-Dec-2010 10:35) Posted:
Thank you for your well wishes!
iPunter ( Date: 01-Dec-2010 10:25) Posted:
I have no doubt you will one day become very, very rich... |
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So scary !! so worry !! at night can't sleep ! how ??
Thank you for your well wishes!
iPunter ( Date: 01-Dec-2010 10:25) Posted:
I have no doubt you will one day become very, very rich...
Hulumas ( Date: 01-Dec-2010 10:22) Posted:
| As a matter of facts, so far so good leeeeeh |
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I have no doubt you will one day
become very, very rich...
Hulumas ( Date: 01-Dec-2010 10:22) Posted:
As a matter of facts, so far so good leeeeeh.
iPunter ( Date: 01-Dec-2010 09:57) Posted:
In view of the risky nature of the stock market,
It is more imporant not to lose a lot of money in it.
Thus, making a lot of money in the stock market
should only be a secondary considration.
By treating one's involvment as a bet,
one is assured of avoiding big losses.
Unlike those who treat their purchases
as baobei (adored kids)...
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As a matter of facts, so far so good leeeeeh.
iPunter ( Date: 01-Dec-2010 09:57) Posted:
In view of the risky nature of the stock market,
It is more imporant not to lose a lot of money in it.
Thus, making a lot of money in the stock market
should only be a secondary considration.
By treating one's involvment as a bet,
one is assured of avoiding big losses.
Unlike those who treat their purchases
as baobei (adored kids)...
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Wakarimashita!
iPunter ( Date: 01-Dec-2010 09:50) Posted:
You speak for yourself.
Better still, you can follow the example of
that Italian dancer, Nicolas Darvas.
He was an true investor.
But the difference is Darvas invested heavily,
during a roaring bull market (in those days) ...
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In view of the
risky nature of the stock market,
It is more imporant not to lose a lot of money in it.
Thus, making a lot of money in the stock market
should only be a
secondary considration.
By treating one's involvment
as a bet,
one is assured of avoiding big losses.
Unlike those who treat their purchases
as baobei (adored kids)...
