Latest Posts By richtan
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| 06-Aug-2009 10:42 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR. 
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| 06-Aug-2009 10:32 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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This should good news for Ausgroup: Asian Stocks Advance on NTT Unit Profits, Higher Metal Prices By Shani Raja Aug. 6 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia Pacific Index for the first time in three days, as Nippon Telegraph & Telephone Corp. said first-quarter earnings at its fixed-line units grew and metal prices advanced. NTT, Japan’s biggest phone operator, rose 2.3 percent in Tokyo. BHP Billiton Ltd., the world’s biggest mining company, gained 2.1 percent in Sydney. Alumina Ltd. surged 12 percent after reporting a smaller-than-expected underlying first-half loss. Lenovo Group Ltd., China’s biggest personal-computer maker, may be active in Hong Kong also on better-than-estimated results. The MSCI Asia Pacific Index gained 0.5 percent to 112.49 as of 10:44 a.m. in Tokyo, following a 1 percent drop in the past two days. The gauge has climbed 59 percent from a five-year low on March 9 on speculation the global economy is recovering. “The market is ostensibly in a bit of a sweet spot,” said Tim Schroeders, who helps manage $1 billion at Pengana Capital Ltd. in Melbourne. “We’ve had huge amounts of balance sheet repair and the economic data’s been stronger than expected at the margin. The momentum in economic fundamentals is improving in terms of global growth.” Japan’s Nikkei 225 Stock Average advanced 0.6 percent, while South Korea’s Kospi Index gained 0.6 percent. Australia’s S&P/ASX 200 Index added 1.4 percent as a report from the statistics bureau showed employers unexpectedly added workers. Futures on the Standard & Poor’s 500 Index lost 0.2 percent today. The gauge dropped 0.3 percent yesterday after data from ADP Employer Services showed American businesses cut 371,000 workers from pay rolls last month, more than the average estimate of 350,000 in a Bloomberg survey of economists. NTT Unit Earnings The U.S.-based Institute for Supply Management said its index of non-manufacturing businesses fell to 46.4 last month from June, while economists had estimated the gauge would rise. Fifty is the dividing line between expansion and contraction. NTT climbed 2.3 percent to 4,060 yen. The company said yesterday operating profits at its fixed-line units NTT East Corp. and NTT West Corp. grew at least 76 percent in the three months to June 30. The results of these subsidiaries tend to influence NTT’s share price, Hitoshi Hayakawa, an analyst at Credit Suisse Group AG, wrote in a report yesterday. BHP gained 2.1 percent to A$38.94 after a gauge of six metals in London climbed 3.3 percent yesterday to a level not seen since Sept. 30. Aluminum prices jumped 4 percent, while copper added 2.5 percent. Alumina, partner in the world’s biggest producer of the material used to make aluminum, rose 12 percent to A$1.83. The company today reported an underlying loss of A$15 million ($12.6 million) in the six months ended June 30, beating the A$22 million median estimate of three analysts compiled by Bloomberg. ‘Worst is Over’ “It appears that the worst is over,” said Ben Potter, an analyst at IG Markets in Melbourne. “The headline numbers were certainly stronger than expected and obviously we’ve got a 4 percent rise in the aluminum price overnight helping the stock as well.” Thirty-four percent of the 369 companies in the MSCI Asia Pacific Index that have reported quarterly results so far have beaten analysts’ profit estimates, while 18 percent have missed, according to data compiled by Bloomberg. Lenovo reported today a net loss of $16 million for the first quarter ended June 30. The company was expected to post a $54 million loss, according to the median of five analyst estimates in a Bloomberg survey. To contact the reporter for this story: Shani Raja in Sydney at sraja4@bloomberg.net. |
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| 06-Aug-2009 10:24 |
Others
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Market News that affect STI
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| 06-Aug-2009 09:29 |
Sakari
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Straits Asia
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Take this just as a guide, still dyodd. In bull mkt, sentiments will push it even higher n vice-versa.
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| 06-Aug-2009 09:26 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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"STAND UP" for Singapore
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| 06-Aug-2009 09:25 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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I fully agree with u, yesterday's correction was like a "fire-sale", present me more wonderful chance to buy more at cheaper price
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| 05-Aug-2009 23:21 |
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'Green shoots' are sprouting in Japan by Tony Sagami Dear Subscriber, Japan has been one of the worst places you could have invested your money over the last five, 10, and 20 years. Some people, including Japan's Prime Minister Taro Aso, think that is about to change. Last week, Aso vowed to boost Japan's annual economic growth to 2 percent by early 2011. "By the second half of fiscal 2010, we will achieve an annual growth rate of 2 percent," Aso said. Aso also promised to create 2 million jobs within three years, to increase household incomes by $10,000 a year, and that Japan would lead the world in per capita income. But it won't be an easy task. I say that because the Bank of Japan (the Japanese Fed) is forecasting that the Japanese economy will shrink by 3.4 percent this year. The signs of a recovery, or so-called "green shoots," are slowly starting to materialize. That's important because a country's stock market typically takes off 6-12 months ahead of an economic turnaround. Here's what's happening in the Japanese economy. Green Shoot #1: Rising Industrial Output. Japanese manufacturers increased production for a fourth month in a row in June, capping the largest quarterly output expansion in more than 50 years. In the second quarter, the country's output climbed 8.3 percent compared to the previous quarter, making it the biggest quarter-on-quarter increase since 1953. China's $585 billion of stimulus spending has helped demand for Japanese cars, construction equipment and steel. Green Shoot #2: Rising Steel Demand. Nippon Steel Corporation, Japan's largest steel producer, is going to re-start two mothballed furnaces at its Oita plant in southern Japan and will increase output of crude steel by 40 percent in the July-September quarter. Green Shoot #3: Better-Than-Expected Car Profits. Honda and Mitsubishi, the second- and third-largest car makers in Japan, jumped on last week after they delivered better-than-expected profits. Government stimulus measures from the United States, Germany, Japan and China — tax credits and tax subsidies for trading in an old car for a new fuel-efficient model — are boosting demand. Green Shoot #4: Smaller-Than-Expected Sony Loss. Sony lost a lot of money in the second quarter — 37 billion yen ($400 million) but that was way, way less than the $109 billion loss the Manhattan experts were expecting. Sony expects business to get a lot better though. "We are keeping our official forecast but internally we are aiming to at least break even," Sony CFO Nobuyuki Oneda said. Electronic competitors Fujitsu, Sanyo, NEC Corp, Mitsubishi Electric, and Sharp also delivered improved results. Green Shoot #5: IMF Raises Forecast. The International Monetary Fund raised its outlook for Japan, raising its 2009 forecast from -6.2 percent to -6.0 percent and from 0.5 percent to 1.7 percent in 2010. An important part of that optimism is the big trading business Japan does with China, who the IMF expects to grow by 7.5 percent. Green Shoot #6: Nikkei on the Move. As I said at the top of this article, stock market gains typically precede economic recovery. If that's true, the rise of the 225-issue Nikkei Stock Average to a 10-month high at the end of July is a very encouraging sign. |
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| 05-Aug-2009 23:16 |
Midas
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Midas
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Agree with u tat it may test the 25ema at 0.82
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| 05-Aug-2009 23:01 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR. 
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| 05-Aug-2009 22:56 |
Others
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DOW & STI
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Agree with u, but hopefully the more than 10 days of rally after breaking the neckline compensate for the lacking volume and also hopefully the 200ema and worse case the 90ma provides support.
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| 05-Aug-2009 22:49 |
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DOW
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Tats wat we call kiasu n kiasi. Nikkei, HSI, Europe and STI already anticipated DOW to correct and reacted, so probably tomoro follow DOW Futures and go up in anticipation tat tomoro nite DOW will recover, this is called reverse physcology.
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| 05-Aug-2009 22:42 |
Midas
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Midas
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Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA. If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and BOSAYOR. 
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| 05-Aug-2009 22:37 |
Others
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DOW & STI
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Notice tat DOW broke above the inverse H&S and now above the neckline, around the 200ema (about 8800). DOW 90ma and 200ema are turning upwards and going to crossover soon: DOW may pullback to 9000 or the 200ema (neckline) to test the neckline as a support, but tat does not negate the uptrend so l ong as it does not closed below the neckline for 2 days continuously. 
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| 05-Aug-2009 22:30 |
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Market News that affect STI
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U.S. June Factory Orders Increase 0.4%; Ex-Transport Rises 2.3% By Bob Willis Aug. 5 (Bloomberg) -- Orders placed at U.S. factories in June rose for a third month in June as oil prices rose and demand increased for goods such as metals and construction. Bookings gained 0.4 percent after a revised 1.1 percent increase in May that was smaller than previously estimated, the Commerce Department said today in Washington. Excluding demand for transportation equipment such as cars and airplanes, which tends to be volatile, orders rose 2.3 percent. The factory slump is easing as leaner inventories, signs business investment may pick up and improving demand from overseas reinforce forecasts that the recession will end this year. A federal ``cash-for-clunkers'' program has started boosting demand for cars, helping the auto industry. At the same time, job losses will mean a slow, muted economic recovery. ``Manufacturers' customers are growing more comfortable with the level of their stockpiles, which sets the stage for an increase in orders and production,'' Ryan Sweet, a senior economist at Moody's Economy.com in West Chester, Pennsylvania, said before the report. Factory orders were forecast to fall 0.8 percent, after a previously reported 1.2 percent gain in the prior month, according to the median estimate of 62 economists surveyed by Bloomberg News. Estimates ranged from a decline of 2.1 percent to an increase of 1.6 percent. Orders for durable goods, which make up just over half of total factory demand, fell 2.2 percent, after a 1.3 percent increase the previous month. Civilian aircraft orders plunged 39 percent after gaining 60 percent the prior month. Bookings for motor vehicles and parts increased 1.5 percent after falling 4.7 percent. Sales of cars and light trucks fell to a 9.7 million annual rate in June from a 9.9 million annual rate the month before, according to Woodcliff Lake, New Jersey-based industry research firm Autodata Corp. In July, sales rose to an 11.3 million pace, the highest since September, Autodata reported this week. That compares with February's 9.1 million rate, which was the lowest since 1981. ``Perhaps the worst is behind us,'' Ford Motor Co. sales analyst George Pipas said in an interview with Bloomberg Television on Aug. 3. ``Consumers are feeling better than they did six to nine months ago.'' Orders for construction machinery increased 11 percent after rising 10 percent the month before. Orders for electrical equipment, appliances and components rose 1.3 percent, while orders for primary metals rose 9 percent. Bookings for capital goods excluding aircraft and military equipment, a measure of future business investment, rose 2.6 percent after a 4.3 percent gain. Shipments of those goods, used to calculate gross domestic product, increased 0.7 percent after falling 0.4 percent the month before. Orders for non-durable goods including food, petroleum and chemicals rose 2.7 percent in June after a 0.9 percent increase a month earlier. Bookings for petroleum and coal products rose 13 percent after gaining 10 percent. A barrel of crude oil on the New York Mercantile Exchange rose to an average $69.70 in June from $59.21 the prior month. Factory inventories fell 0.8 percent in June, the same as the prior month, and manufacturers had enough goods on hand to last 1.42 months at the current sales pace, down from 1.45 months, Commerce said today. The Institute for Supply Management's factory gauge rose to an 11-month high of 48.9 in July, while remaining below the breakeven point of 50, the Tempe, Arizona, group said on Aug. 3. Readings for new orders and production jumped to the highest level in more than two years, while a measure of exports showed the first expansion in overseas demand since September. A record-breaking drawdown of inventory is setting the stage for future growth. Stockpiles fell at a $141.1 billion annual rate in the second quarter, the most ever, Commerce said on July 31. Commerce also said the economy shrank at 1 percent pace in the second quarter, less than estimated, after a 6.4 percent contraction from January to March. Economists at JPMorgan Chase & Co. and Deutsche Bank Securities Inc. were among those raising forecasts for U.S. growth after last week's GDP report. Gross domestic product will expand at a 3 percent annual rate this quarter, the best performance in two years, said Bruce Kasman, chief economist at JPMorgan in New York. That's up from his prior estimate of 2.5 percent. Deutsche Bank Chief U.S. Economist Joseph LaVorgna lifted his average growth estimate for the second half of 2009 to 2.25 percent from 0.5 percent. Nonetheless, some companies remain wary. Nucor Corp., the second-largest U.S.-based steel producer, on July 23 reported its second-ever loss as the global recession cut demand for the industrial metal. ``The uncertainty in our economy is still very high,'' Nucor said in a statement. ``We are concerned that the marginal uptick in orders is not representative of an increase in `real' demand but more a result of both inventory adjustments and concern over rising prices.'' To contact the reporter on this story: Bob Willis in Washington bwillis@bloomberg.net Last Updated: August 5, 2009 10:00 EDT |
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| 05-Aug-2009 22:28 |
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U.S. Stocks Retreat as Job Cuts Top Economists’ Estimates By Matt Townsend Aug. 5 (Bloomberg) -- U.S. stocks fell for the first time in five days after companies cut more jobs than economists estimated last month and the valuation of the Standard & Poor’s 500 Index reached the most expensive level in more than a year. The S&P 500 retreated from its highest level in nine months as eight out of its 10 main industry groups slipped. Procter & Gamble Co., the world’s largest household-products maker, dropped 3.4 percent after profit fell on declines in sales of higher-priced skin care and detergents. The S&P 500 slipped 0.5 percent to 1,001.05 as of 9:57 a.m. in New York. The gauge climbed yesterday to 0.1 point below its close on Nov. 4, the day President Barack Obama was elected. The Dow fell 52.9 points, or 0.6 percent, to 9,267.29. “Data is less bad, but it’s still going to be weak,” said Tim Hartzell, who manages $300 million as chief investment officer for Houston-based Sequent Asset Management. “The talk is all about the smaller companies that are now into that next phase of downsizing. That’s what we have to go through. There’s going to be some smaller and midsize companies that have to go out of business to reduce capacity.” Yesterday’s advance pushed the valuation of the S&P 500 to about 17.5 times its companies’ earnings over the past 12 months, the highest level since May 2008, according to daily data compiled by Bloomberg. Since reaching a 12-year low of 676.53 on March 9, the S&P 500 has rebounded 49 percent, the steepest rally since the 1930s. ADP Jobs Report Data from ADP Employer Services showed companies cut 371,000 workers from payrolls in July, more than the average estimate of 350,000 in a Bloomberg survey of economists. The figures from the world’s largest payroll processor have shown declines in employment since February 2008. Procter & Gamble dropped 3.4 percent to $53.60 after saying profit net income for the period ended June 30 dropped to $2.47 billion, or 80 cents share, from $3.02 billion, or 92 cents, a year earlier. Whole Foods Market Inc. rallied 20 percent to $29.65. The company said net income was 25 cents a share in the period ended July 5, exceeding the average estimate of 20 cents in a survey of 13 analysts by Bloomberg. Whole Foods raised its full-year profit forecast after reducing expenses and using coupons to lure customers. Garmin Ltd., the maker of car navigation devices, surged 23 percent to $33.37 after posting earnings that beat analysts’ estimates by 61 percent. The company also said the first quarter “seems to have represented the low point” in declining revenue. Earnings Watch Per-share earnings have beaten estimates at three-quarters of the 411 companies in the S&P 500 that released second-quarter results since June 17, according to data compiled by Bloomberg. Companies in the S&P 500 are still headed for a record eighth consecutive drop in quarterly profits. Per-share earnings have tumbled 31 percent on average. Analysts’ estimates compiled by Bloomberg predict a 31 percent drop in the second quarter and a 22 percent third-quarter decline. While earnings are falling, results have surpassed projections by an average 9.5 percent. Dynavax Technologies Corp. rallied 12 percent to $2.05. The biotechnology company developing products for infectious disease said it expects to resume trials on a hepatitis B vaccine as early as next month. To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.net. Last Updated: August 5, 2009 09:58 EDT |
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| 05-Aug-2009 22:19 |
Others
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DOW
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Nah, already dropped 2 days
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| 05-Aug-2009 18:53 |
Midas
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Midas
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Anyway, just be extremely mindful n extremely careful of those postings in CNA forum, extra dyodd
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| 05-Aug-2009 18:47 |
Midas
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Midas
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Starlene, Wah Piang, shocking to see my posting floating over to CNA forum.
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| 05-Aug-2009 17:32 |
Midas
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Midas
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Ho sei liow, I load up again to the max tat I can, patiently waiting for the run up but of course prepared to "chow lor" and stop-loss/take profit if I noticed any reversal sign.
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| 05-Aug-2009 17:27 |
Midas
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Midas
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Saw from OCBC Securities daily 'Mkt Pulse" calender, MIdas report on 14/8, ie, next Fri
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