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GenSp starts to move up again

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sinetic8
    15-Oct-2010 09:37  
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09:36:332.080496,000Buy Up
09:36:312.080 10,000Buy Up
09:36:302.08086,000Buy Up
09:36:272.080 200,000Buy Up
09:36:242.080200,000Buy Up
 
 
BullishTempo
    15-Oct-2010 09:36  
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Oct 15: CapitaLand, DBS, NOL, Ezra, TT International

Tags: Capitaland | Cosco Corporation (Singapore) | Dbs Group Holdings | Ezra Holdings |Mercator Lines | Mercator Lines (Singapore) | Neptune Orient Lines | Stx Pan Ocean Co. | Tt International

WRITTEN BY THE EDGE   
FRIDAY, 15 OCTOBER 2010 08:37
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The following companies may have unusual price changes in Singapore trading, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index slipped 0.2% to 3,195.02.

Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, gained 0.8% in London yesterday, taking its three-day advance to 2.8%.Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, slid 1.1% to $1.88. Mercator Lines (Singapore) (MRLN SP), an Indian bulk carrier, declined 3.4% to 28.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, rose 1.1% to $14.54.

CapitaLand (CAPL SP): ESun Holdings and CapitaLand are aware New Cotai Entertainment LLC has announced it has started legal proceedings in Hong Kong in relation to the Macao Studio City project, eSun said in an e-mailed statement. CapitaLand, Southeast Asia’s biggest developer, lost 1% to $4.16.

DBS Group Holdings (DBS SP): Southeast Asia’s biggest bank said it has sold $1.7 billion ($1.3 billion) of 4.7% perpetual preference shares. Proceeds from the sale will be used to exercise calls on other tier one notes due 2011, it said. DBS slipped 1.1% to $14.60.

Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carrier was raised to “outperform” from “neutral” at Credit Suisse Group AG, which increased its share-price estimate to $2.43 from $2.35. The stock rose 0.5% to $2.07.

Energy services firm Ezra Holdings (EZRA.SI) said it will list 131.6 million rights shares on the Singapore stock exchange on Friday, which will raise gross proceeds of around $155.3 million.

Electronics retailer TT International (TINL.SI) said on Thursday it made a net loss of $7.5 million for its first quarter ended June 30, compared to a $12.8 million net profit a year ago, mainly due to the elimination of the supply chain business arising from the lack of working capital.

 
 
elton81
    15-Oct-2010 09:34  
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funds are accumulating at 2.07.. think it's going up.. forget abt my previous post.. lol :) cheers
 

 
icetomato
    15-Oct-2010 09:32  
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Normally will have some rebound.

STI  is up!
 
 
BullishTempo
    15-Oct-2010 09:31  
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Citi raises SGX target; keeps Buy call

Tags: Citigroup | Singapore Exchange

WRITTEN BY THE EDGE   
THURSDAY, 14 OCTOBER 2010 10:15
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Citigroup raises Singapore Exchange (S68.SG) target price to $10.60 from $9.00, maintains Buy, says Dow Jones. 

Says 1Q results due Oct. 18 (tips $81.7 million net profit, +3% on quarter) likely to have little bearing on SGX price performance, “rather, a weak-USD liquidity rally, which has lifted average daily turnover (ADT) to $1.8 billion in September, will likely drive sentiment.” 
 
Tips structural lift to ADT from U.S. ADR listings, commitment to grow high frequency trading with SGX Reach, 4Q10 launch of Chi-East (dark pool), clearing of OTC financial derivatives could raise medium-term earnings growth expectations. New target based on 27X 2011E P/E, $1.95 billion ADT. 
 
Shares last +0.6% at $9.53.
 
 
 
BullishTempo
    15-Oct-2010 09:31  
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CS raises SGX target to $11.20; keeps Outperform
WRITTEN BY THE EDGE   
THURSDAY, 14 OCTOBER 2010 08:36
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Credit Suisse raises Singapore Exchange (S68.SG) target price $11.20 from $9.40, keeps Outperform; says stage set for “2005-style market rally in 2011”, says Dow Jones.

Notes study of performance of bull markets since 1994 in Singapore suggests 20%-40% turnover growth in 24 months following base set during initial 12 months of rally; now factors in 20% organic turnover growth in next 12-24 months.
 
Notes recent run-up in stock price in reaction to increase in turnover, stock not yet pricing in gains from new catalysts on horizon, including listing of U.S. ADRs in Singapore, OTC clearing of financial derivatives. “With many investors still sceptical, by our estimates, the stock is not yet pricing in potential gains from ADR trading - the most promising near-term catalyst.”
 
House increases equity turnover assumptions for FY12-13E by factoring in 20%-30% market share in ADR trading, results in 18%-19% increase in FY12-13 EPS estimates to 50 cents, 53 cents respectively.
 
Shares end yesterday +1.9% at $9.47. 
 
 

 
ShareWithMe
    15-Oct-2010 09:29  
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I was expecting a sell down today .. but it went up a little now.
 
 
motbabe23
    15-Oct-2010 09:27  
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come on, i bought 20 lots at 2.11 yesterday.  better shoot up then down pls. 


elton81      ( Date: 15-Oct-2010 09:23) Posted:

BBs pls proof me wrong...

elton81      ( Date: 15-Oct-2010 09:19) Posted:

think will drop to 2.00 or 2.02 today...


 
 
pcxiao2008
    15-Oct-2010 09:25  
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me too....bought at 2.05...just want a small profit for contra la...still got a few lots stuck at 2.12

des_khor      ( Date: 15-Oct-2010 01:53) Posted:

MFT ?? Tmr can buy NOL, Capmallasia and Tigerair ?

cannotfind      ( Date: 14-Oct-2010 21:41) Posted:

omg!! I am a fortune teller???? I bought it at 2.05!!!!


 
 
elton81
    15-Oct-2010 09:23  
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BBs pls proof me wrong...

elton81      ( Date: 15-Oct-2010 09:19) Posted:

think will drop to 2.00 or 2.02 today...

 

 
elton81
    15-Oct-2010 09:19  
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think will drop to 2.00 or 2.02 today...
 
 
sinetic8
    15-Oct-2010 09:13  
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strong buying vs selling forces at 2.07
 
 
icetomato
    15-Oct-2010 09:02  
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Don't like that leh... 1.93 lah...... After that then 2.18...

Lol... ok kidding kidding... wait everyone here throw rotten eggs at me.



cannotfind      ( Date: 15-Oct-2010 07:27) Posted:

Since I am a fortune teller, today it will reach 2.10. :P

 
 
sinetic8
    15-Oct-2010 09:01  
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09:00:332.060 10,000Buy Up
09:00:022.0602,000Buy Up
08:59:012.060 787,000Buy Up







 
 
des_khor
    15-Oct-2010 08:58  
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Wow... rich get richer !!

cannotfind      ( Date: 15-Oct-2010 08:57) Posted:

wah.. you earn so much? Say you lost $3000 so your salary is $12000!!!!

bladez87      ( Date: 14-Oct-2010 22:30) Posted:

gotta see tmr dija and sti opening. i might wanna bail out a few lots. people have take profit day, i have take losses day. haha damn sian. already lost 1 week pay.


 

 
cannotfind
    15-Oct-2010 08:58  
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CapitalAsia wait till 2.15

AK_Francis      ( Date: 15-Oct-2010 02:17) Posted:

Sorry, hv some ideas on ds 3 coy, but late nite liao. Needs to take a rest after long travelling loh.  See can put up some notes tomorrow. Best regards.. Cheers.

des_khor      ( Date: 15-Oct-2010 01:53) Posted:

MFT ?? Tmr can buy NOL, Capmallasia and Tigerair


 
 
cannotfind
    15-Oct-2010 08:57  
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wah.. you earn so much? Say you lost $3000 so your salary is $12000!!!!

bladez87      ( Date: 14-Oct-2010 22:30) Posted:

gotta see tmr dija and sti opening. i might wanna bail out a few lots. people have take profit day, i have take losses day. haha damn sian. already lost 1 week pay.

icetomato      ( Date: 14-Oct-2010 22:24) Posted:

Thank you!!! You are one of the rare ones that believed in the price dropping! I don't need to lose liao!!!!!

IF got some rebound tomorrow you going to run fast or not?



 
 
cannotfind
    15-Oct-2010 07:27  
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Since I am a fortune teller, today it will reach 2.10. :P
 
 
AK_Francis
    15-Oct-2010 02:17  
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Sorry, hv some ideas on ds 3 coy, but late nite liao. Needs to take a rest after long travelling loh.  See can put up some notes tomorrow. Best regards.. Cheers.

des_khor      ( Date: 15-Oct-2010 01:53) Posted:

MFT ?? Tmr can buy NOL, Capmallasia and Tigerair ?

cannotfind      ( Date: 14-Oct-2010 21:41) Posted:

omg!! I am a fortune teller???? I bought it at 2.05!!!!


 
 
des_khor
    15-Oct-2010 01:53  
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MFT ?? Tmr can buy NOL, Capmallasia and Tigerair ?

cannotfind      ( Date: 14-Oct-2010 21:41) Posted:

omg!! I am a fortune teller???? I bought it at 2.05!!!!

 
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