Straits Times Index   

STI to cross 3000 boosted by long-term investors

shplayer, victorian,  glad I joined the SJForumers. With U and so many others like U (too many to mention) I am getting such good advice - for a new player. I spent a lot of time looking after my children (now all grown up and with children of their own) I am able to earn some cake money through trading. Thanks a lot.

 

With so much money to be made, the STI may get to 4000 very soon before the corrections comes.

The problem is no one really knows when the corrections will start. 

 

STI seems flat today... maybe a correction is going to occur soon? Victorian may be right.

 

victorian,



Well put.....just to add some details.....



look at some of our blue chip companies...they have become world leaders in their field....KepCorp for offshore rigs, Ascott for Service Apts, SIA for their premuim inflight service. 



Then you have some who have not fully realised the full benefit of their investments - SCI's Faujiarah project, CapLand investment in China.



And the up and coming companies....Rotary, Boustead (Salcon),.......just to name a few.



Certainly, there will be bumps along the way......but I feel the general outlook is positive with most of the building blocks put in place in preparation for the next leap.

 

HONG KONG (MarketWatch) -- Japan's Nikkei on Thursday crossed the 18,000-point level for the first time in nearly seven years as Sony Corp. and other exporter shares rose on a weaker yen.

The currency weakened after the Bank of Japan lifted interest rates but said future increases would come gradually.

Share indexes in South Korea and Australia ended at records, while benchmarks in Singapore and Malaysia touched intraday records before easing back ahead of the market close.

The Nikkei 225 Index ended 1.1% higher, rising 195.58 points to 18,108.79, closing above the 18,000 level for the first times since May 8, 2000.

The broader Topix index was up 0.6% to 1,797.80, its highest close since Nov. 15, 1991.

On Wednesday the Bank of Japan lifted interest rates a quarter percentage point, bringing its benchmark rate to 0.5%. The move marked the first change in monetary policy by the Japanese central bank since it ended its zero-interest-rate stance with a quarter-point rate hike in July.

Speaking before parliament Thursday, BOJ Governor Toshihiko Fukui said year-on-year changes in the consumer-price index could be near zero or turn negative in coming months because of lower crude-oil prices. He also reiterated his view that the CPI would continue to show steady gains in the long term.

Most analysts expect the BOJ to raise rates two more times before Fukui's term expires in March 2008, with the earliest coming after parliamentary elections in July, according to a poll by the Nikkei newspaper.

"The raising of rates in Japan is proof the Japanese economy is recovering," said Hirokazu Yuihama, head of regional strategy at Daiwa Institute of Research in Hong Kong. "The market is also relieved there appear to be no more rate hikes in the near term."

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DOW Jan07 effect closed on positive, positive notes. This give STI a boost, finally it now cross ST Index 3,300 mark, next target 3,500-3,800

 

I remember, in the early 90's, before the Clinton Administration, DOW was trading in the range of 2000 to 2500 (ball park figures) and STI between 1300 and 1800.



When Clinton became President, and cleaned up the budget deficit left by Bush Snr, and propelled the USA economy, DOW quickly raced up. I remember analysts doubting it will break 4000, then 5000, then 8000...etc. It finally settled above 10,000 within a few years (think it took only about 2 yrs) ...This is about 4 - 5 X increase of the DOW index over that short period of time.



At that time, I was hoping the STI will also re rate in a similiar proportional magnitude. But, unfortunately, it remained stagnant in that range.



However, in recent times, the STI has broken out of that range,,,,,,and I wonder if this could be the period of re rating of the STI....to perhaps 3 - 4 X of 1500....say to 4500 to 6000.



Comments from members???

 

Now slipped...

 

Wow!!! STI above 3.3k mark now!

 

Oops, actually, I meant Nikkei up 150 points NOW .....

 

US market closed mixed last nite ..... Japan's Nikkei up 150 points only ...... Let's see how STI performs today.

 

What an Super Oink Oink Rally today!!!

Offloaded my StatschP at 1.34 today too! Shiok!Guess I am different to cash out when I can ... cos Earth has been pretty too quiet for a long while liao. Heehe!

 Enjoy the ride up, guys ... and trade with care ya!

 

Yea...

In the future, all the market Oracles will be females...

Then all the 'wizards' of the financial world can  just lie back and savour their financial expertise... hehe... :)

 

i alway trust a women 6 sense... ok the bull are back in town.......

 

hahaha...

Gal always has a knack to make the right calls... :)

Well, the bull's obviously back ...

 

I hope the Mr Bear is not too near....... but for now...cheong......or maybe Mr Bear down with bird flu... ;p

If US dont see red i guess....STI hit the magic number 3300

 

Haha... my hunch on CNY rally was right.... lucky guess...

 

STI new high STindex 3,293.61 +56.68 pt, but vol 1,982.1m, (predicting sgx is going to hit $10/- TP)

 

keke livermore, which counter, or shall i let you complete its buy first before you say? :P elf got one and watching another. wondering if i should play osim too, but its upside might be limited. (btw, should we shift this to fellowship thread? we seem to be veering off...see you there?)

 

Yeah Elfy:).*High 5*. I am considering one counter as I sold off all my Noble Group.