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Latest Posts By dealer0168 - Elite      About dealer0168
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29-Jul-2009 14:44 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Past few days must cash out some. Fortunately i did.

So going for re positioning on some other stock now. Rem must reverse bullets for emegency loh. Cheers.



idesa168      ( Date: 29-Jul-2009 14:40) Posted:

yo...the drop of so deep at such a short period does not look like a correction to me. Better think twice if want to get in to long. I do not have a very good feeling about this drop.

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29-Jul-2009 14:40 Others   /   Market News that affect STI       Go to Message
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But STI seems follow Hang Seng & Dow more..

richtan      ( Date: 29-Jul-2009 14:10) Posted:



Nikkei still holding positive now:


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29-Jul-2009 14:37 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Can pick up some cheaply now. Just rem to reserve some bullets on the way. Cheers.

cathylmg      ( Date: 29-Jul-2009 14:34) Posted:

Is it the correct time to buy? Or wait further?

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29-Jul-2009 14:32 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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This is the much waited correction. Everybody been waiting fr it.

To be frank, yesterday i was shock when so many brave one rush into the market to buy when correction has not even started.
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29-Jul-2009 13:21 Others   /   Market News that affect STI       Go to Message
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Asian Stocks Fall on Lower Commodity Prices, Earnings Reports


By Patrick Rial


July 29 (Bloomberg) -- Asian stocks fell as lower commodity prices and reports of declining profits raised concern that an 11-day rally had overvalued corporate earnings prospects.

Rio Tinto Group, the world’s No. 3 mining company, lost 2.4 percent in Sydney, following a slump in copper prices. China Petroleum & Chemical Corp., Asia’s biggest oil refiner, sank 5 percent in Hong Kong as the Chinese government cut gasoline prices. Shimano Inc., Japan’s No. 1 maker of bicycle components, and DeNA Co., which operates auction Web sites, slumped more than 5 percent after posting lower earnings.

The MSCI Asia Pacific Index , lost 0.6 percent to 109.84 as of 1:22 p.m. in Tokyo, with two stocks falling for each one that rose. The gauge had climbed 13 percent in the past 11 days, the longest winning streak since January 2004.

“Whenever we see the market and companies move up too quickly, that will induce a correction,” said Takeshi Osawa, a senior fund manager in Tokyo at Norinchukin Zenkyoren Asset Management Co., which oversees about $10 billion.

Japan’s Nikkei 225 Stock Average was little changed, while Hong Kong’s Hang Seng Index slumped 1.7 percent. China Cosco Holdings Co., the world’s biggest operator of dry-bulk ships, sank 5.9 percent in Hong Kong after forecasting a loss.

Among stocks that advanced today, JFE Holdings Inc., Japan’s second-largest steelmaker, and Hitachi Ltd., the country’s biggest manufacturer, climbed more than 4 percent on brokerage upgrades. China State Construction Engineering Corp. jumped 65 percent on its first day of trading in Shanghai, while BBMG Corp., the biggest cement supplier in Beijing, surged 58 percent in its Hong Kong debut.

Consumer Confidence

Futures on the Standard & Poor’s 500 Index lost 0.4 percent. The gauge fell 0.3 percent yesterday after the Conference Board’s index of U.S. consumer confidence slid to 46.6 in July, compared with the 49 projected by economists.

The report caused commodity prices to fall. A gauge of six metals in London sank 1.2 percent yesterday, the first decline in 12 days. Copper fell the most in two weeks, while crude oil retreated 1.7 percent to $67.23 a barrel in New York, the first drop in four days.

Rio declined 2.4 percent to A$57.97. Sumitomo Metal Mining Co., Japan’s biggest nickel and gold producer, lost 0.8 percent to 1,453 yen. Jiangxi Copper Co., China’s largest producer of the metal, lost 5.9 percent to 44.03 yuan in Shanghai after saying first-half profit may fall between 57 percent and 64 percent from a year earlier.

Lower Prices

China Petroleum, commonly known as Sinopec, fell 5 percent to HK$6.78. China’s government cut prices on gasoline and diesel by at least 3.3 percent, reversing a trend of rising ceilings. Lower prices reduce profit margins for refiners.

Shimano slumped 4.7 percent to 3,660 yen after profit fell 48 percent in the first half of the year. DeNA tumbled 9.4 percent, the MSCI Asia Pacific Index’s biggest decline, to 288,900 yen after first-quarter net income dropped by 26 percent. KBC Securities Japan downgraded the stock to “sell.”

In Hong Kong, China Cosco sank 5.9 percent to HK$10.92 after saying it expects to post a net loss for the first half of 2009 because the global recession hurt international trade.

“Investors don’t want to actively engage in trading when major companies report results,” said Hiroichi Nishi, an equities manager at Tokyo-based Nikko Cordial Securities Inc. “People have to see whether corporate earnings will start to recover in the second half.”

Japanese Production

Analysts have boosted estimates since the beginning of April for companies in Asia outside Japan, according to data compiled by Bloomberg. Profit forecasts have actually declined within Japan, the data show.

The MSCI Asia Pacific Index rallied 57 percent through yesterday from a more than five-year low on March 9 on rising confidence the worst of the global recession has passed. A government report tomorrow may show Japan’s manufacturers increased production for a fourth month in June, capping the largest quarterly output expansion in more than 50 years.

Federal Reserve Bank of San Francisco President Janet Yellen said yesterday the U.S. economy is showing the “first solid signs” of emerging from the recession and should resume growth later this year.

Companies on the MSCI Asia trade at 24.7 times estimated profit, about double the level at the beginning of this year, as investors bet earnings will recover. The ratio compares with 16.3 times for the Standard & Poor’s 500 Index.

Steelmakers Advance

JFE, the steelmaker that yesterday forecast a return to profit, rose 4.2 percent to 3,700 yen. Takashi Enomoto, an analyst at Bank of America Corp.’s Merrill Lynch & Co. unit, boosted his target price on the stock as exports to China are rising and the shares look cheap based on estimated earnings.

Hyundai Steel Co., South Korea’s biggest maker of construction steel, advanced 4.2 percent to 66,700 won. The company reported second-quarter profit that beat analyst estimates on a stronger won and lower costs.

The “market environment may improve in the second half, helped by increasing demand from the public sector and seasonal demand,” the company said in an e-mailed statement.

Hitachi climbed 5.5 percent to 309 yen. The company reported a 50 billion yen ($529 million) operating loss yesterday, which Nomura Holdings Inc. analyst Masaya Yamasaki said was likely better than the company’s own projection. The shares were boosted to “overweight” at JPMorgan Chase & Co.
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29-Jul-2009 13:19 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Ya ronleech, got tips fr shipping related counter...??

maxcty      ( Date: 29-Jul-2009 13:06) Posted:

any negative/positive news coming up regarding shipping counters?



ronleech      ( Date: 29-Jul-2009 12:54) Posted:

BTW...watch out ofr shipping and related counters.....


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29-Jul-2009 12:44 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Morning got some liao, now still aiming some other counter. May have luck to get at better price.

Today look very much a southern day for STI.



maxcty      ( Date: 29-Jul-2009 12:42) Posted:

thanks for your advice. I have the same thought as well. you make some collection today too?


dealer0168      ( Date: 29-Jul-2009 12:32) Posted:

Afternoon, hold on the rest of the collection for afternoon section. Dow future is bleeding also.....


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29-Jul-2009 12:32 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Afternoon, hold on the rest of the collection for afternoon section. Dow future is bleeding also......

maxcty      ( Date: 29-Jul-2009 12:17) Posted:

collection day?? your view STI head south somemore? actually i did collect some today. set some benchmark for some of my counters..hehe

dealer0168      ( Date: 29-Jul-2009 12:06) Posted:



Today is collection day........ see which counter pricing look attractive ....pick some up.


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29-Jul-2009 12:06 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Today is collection day........ see which counter pricing look attractive ....pick some up.
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29-Jul-2009 11:52 Genting Sing   /   GenSp starts to move up again       Go to Message
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Yesterday clear some, today add some more......
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29-Jul-2009 10:13 Others   /   Market News that affect STI       Go to Message
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Not seems like, already drop around -200

dealer0168      ( Date: 29-Jul-2009 10:12) Posted:

Hang Seng index seems like dropping now.

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29-Jul-2009 10:12 Others   /   Market News that affect STI       Go to Message
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Hang Seng index seems like dropping now.
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29-Jul-2009 09:10 FSL Trust   /         Go to Message
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Current if compare to reit, this shipping trust still provides good divi with its current price. (my opinion)

If Rickmer solves its finance refinancing issue, it is another shipping trust that we can opt for too.

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29-Jul-2009 08:53 FSL Trust   /         Go to Message
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This one not bad. I'm vested in as well.

Here is a analyst report to share with u:

FSLT: What analysts say now... Print E-mail
Written by NextInsight team   
Friday, 24 July 2009

Excerpts from latest analyst reports:
Image
Source: OCBC report

OCBC Investment Research upgrades First Ship Least Trust to ‘buy’

Our updated discounted FCFE (free cash flow to equity) value for First Ship Lease Trust (FSLT) is S$0.84 (10% discount rate, prev: S$0.83).

In our view, the balance sheet side of the trust's challenges is mostly resolved (with conditions/pricing still uncertain). The other concern that remains (industry-wide) is counterparty risks.

We ascribe a 10% "industry uncertainty" discount to reach a fair value estimate of S$0.76 (prev: S$0.58). This implies a total return of about 28% (15% upside, 13% yield). We like FSLT because of its 1) new more sustainable business model; and 2) its diversified vessel mix of containers, tankers and dry bulk carriers.

For these reasons, FSLT is now our top pick for the sector. Upgrade to BUY
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29-Jul-2009 08:42 Others   /   DOW       Go to Message
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I thk today the start may not be good (drop some), than latter part recover.

maxcty      ( Date: 29-Jul-2009 06:47) Posted:

yup..guess STI wont disappoint us also...

ronleech      ( Date: 29-Jul-2009 06:21) Posted:

DOW's player is amazing.....die die also push it back up....it did come close to 9000 but was up again.... 


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29-Jul-2009 08:40 SoundGlobal   /   Epure International       Go to Message
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Still not out yet, should be around early/ mid Aug09.

equator2010      ( Date: 29-Jul-2009 02:24) Posted:

I was trying to find what when the Qtr results will be released from their website but not there. Does anyone know?

equator2010      ( Date: 27-Jul-2009 23:37) Posted:

I was trying to find what when the Qtr results will be released from their website but not there. Does anyone know?


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28-Jul-2009 23:43 Others   /   DOW       Go to Message
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Maybe Dow may turn green again tomorrow haha............Time fr sweet dream investor...Time to sleep liao......oooo Smiley
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28-Jul-2009 23:40 Others   /   DOW       Go to Message
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Today Dow may test the 9000 u hint yesterday

ronleech      ( Date: 27-Jul-2009 21:45) Posted:

I think today it will test 9000 pts....

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28-Jul-2009 23:31 Others   /   DOW       Go to Message
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Now ~ -70 liao..... still not enough.....haha

handon      ( Date: 28-Jul-2009 23:26) Posted:



dow down too little... not enough leh....

tomolo have to count loss liao.... hehe.... Smiley

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28-Jul-2009 23:30 Others   /   DOW       Go to Message
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Yup agreed with u. Cheers pal.

In actual if Dow ended in red today, it is actually a healthy sign.



Peg_li      ( Date: 28-Jul-2009 23:26) Posted:

no need worry, this is very normal correction.

STI maybe down 1% tomorrow!

but some chips still up a little bit, tomorrow will down again, havenot gained from

this round rally.



dealer0168      ( Date: 28-Jul-2009 23:21) Posted:

Ooo DOW strip below -60 liao...


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