Latest Posts By richtan
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| 22-Jul-2009 01:03 |
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which one is next Ausgroup,ChinaNtown,OSIM?
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But I tot I read in Straits Times, tat China New Town issued profit-warning just a few days ago.
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| 22-Jul-2009 00:51 |
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DOW & STI
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The Dow Will Hit 10,000 in 2009 by Dr. Mark Skousen, Advisory Panelist Highlights in this issue:
Dear Investment U Reader, Wall Street has been debating the huge run-up in the Dow Jones Industrial Average. Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial "dead-cat bounce?" The prognosticators have been unsure, uncertain and uncommittal about what they see coming next... So let me make it clear where I stand: We are in the beginning of a new bull market that will carry us to 10,000 on the Dow by year's-end - and new highs within a couple of years. Yes, the recovery will be volatile. But now is the time to buy, despite the big run up. No doubt there's plenty of bad news out there - rising unemployment with no end in sight, threatened tax increases on capital gains and dividends, anemic corporate profits, commercial real-estate insolvency, federal deficits, continued threats from the Middle East and Afghanistan, the specter of inflation and high interest rates among others... This list goes on and on. But as the old saying goes, "Wall Street climbs a wall of worry." It's all for naught - and I encourage you to look past these sideshows and distractions. I'm convinced the stock market is headed higher - a lot higher. I'll share my reasoning and tell you why Jeremy Siegel feels the same way. Three Reasons the Dow is Going Up Over the past few months, three things have been sticking out to me like huge blinking aircraft landing signals. Here's why we're going to keep moving up..
As Milton Friedman has demonstrated time and time again, after a lag of between six and nine months an easy money policy will cause a sharp recovery in the economy and stocks. Economists call it the "Friedman Effect."
Well, guess what? The lag is over, and the "Friedman Effect" is taking full effect. We can expect higher stock prices and a recovery in the economy by year-end. And as a result of the administration's efforts, housing sales are on the rise and real estate prices are stabilizing. It's why I'm so interested in real estate lately. Take a look at may last column, "Real Estate: The Buy of the Century." http://www.investmentu.com/IUEL/2009/April/buying-real-estate.html Adding more fuel to my position, when I sat down with Wharton's Wizard he showed me an interesting long-term chart of the S&P 500 Index. 
The Wizard of Wharton's Long-Term Outlook You'll note that every time the market hit the bottom of his long-term chart, it rallied - sharply. And that's exactly where it was in late February when I met with Professor Siegel - at the bottom. Sure enough, in early March Wall Street rallied - and it hasn't looked back. It's now up 30% from its lows. Between you and me, he called the exact bottom of the stock market within weeks. (Of course, so did a few of our analysts as well.) How far up can it go? I asked this precise question to Professor Siegel last month. He told me that he has just completed a study of how well stocks do after a major crash like the one we just experienced (falling 50% from its highs). His conclusion was pretty striking: After a major bear market, stocks on average rebound 24% the first year of recovery. And just as nice, the average annual return over the next five years is 18%. Since the Dow was around 8,300 at the first of the year, it could climb back to 10,000 by year-end. (And 18,000 by 2013.) We could comfortably hit these numbers with an additional 19% gain. Although many believe the "easy money" has been made - and they may be right - the market will still offer plenty of profitable opportunities in the coming months. It'll be volatile, but it's certainly not too late to get aboard. Good investing, Mark |
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| 21-Jul-2009 23:25 |
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DOW
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handon, Why u love PDA - Public Display of Affection ...
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| 21-Jul-2009 22:36 |
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DOW
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| 21-Jul-2009 22:20 |
SPC
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SPC
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From sgx announcement: Accordingly, as at 5.00 p.m. on 21 July 2009, the total number of (a) Shares owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it, and (b) valid acceptances of the Offer, amount to an aggregate of 348,354,510 Shares, representing approximately 67.30% of the total issued Shares
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| 21-Jul-2009 21:58 |
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DOW
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U.S. Stocks Advance as Caterpillar Earnings Exceed Estimates By Matt Townsend July 21 (Bloomberg) -- U.S. stocks rose, sending an index of global equities to an eight-month high, as Caterpillar Inc.’s profit that was three times analysts’ estimates spurred bets the recession is ending. Treasuries fell and the dollar weakened. Caterpillar, the biggest maker of earthmoving equipment, jumped 12 percent for its best gain in four months. DuPont Co. and Merck & Co. also advanced on better-than-expected earnings. More than 81 percent of S&P 500 companies that released results have beaten earnings projections for the second quarter, the highest proportion in Bloomberg data stretching back to 1993. The Standard & Poor’s 500 Index, which rose to an eight- month high yesterday, added 0.5 percent to 955.9 at 9:35 a.m. in New York. The Dow Jones Industrial Average rallied 68.78 points, or 0.8 percent, to 8,916.93. The MSCI World Index rose 1.3 percent to the highest level since Nov. 4. Europe’s Dow Jones Stoxx 600 Index gained for a seventh day, the longest streak since 2007, and the MSCI Asia-Pacific Index climbed for a sixth. “The fact that comparisons have been coming in that favorably relative to second quarter 2008 is pretty impressive,” said Jeffrey Saut, chief investment strategist at Raymond James & Associates in St. Petersburg, Florida, which manages $222 billion. “Most people missed the lows and continue to treat this as a rally in a bear market. Hey folks, every bull market that I’ve seen began being called a short-term rally in a bear market.” Per-share earnings beat projections by an average of 14 percent for the 70 companies in the S&P 500 that reported quarterly results since July 8, according to data compiled by Bloomberg. Analysts forecast profits fell an average 33 percent in the second quarter and will decrease 20 percent from July through September, according to data compiled by Bloomberg. Economic Rebound The S&P 500 rallied 1.1 percent yesterday as a gauge of future economic growth topped projections and speculation grew that CIT Group Inc. will avoid bankruptcy. The benchmark for U.S. equities last week advanced 7 percent as companies from Goldman Sachs Group Inc. to Intel Corp. reported results that topped analysts’ estimates. Credit Suisse Group AG today advised investors to trim their holdings of government bonds and buy equities, reversing a recommendation from June. The bank raised its estimate for the S&P 500 by 14 percent to 1,050 by the end of the year, citing improving economic indicators and earnings. Investors should increase holdings of global equities to “overweight” and reduce government bonds to “benchmark,” according to London-based global strategist Andrew Garthwaite. Goldman Sachs yesterday boosted its year-end estimate for the measure to 1,060, implying a 15 percent surge between June 30 and Dec. 31. That would be the steepest second-half rally since 1982. Caterpillar Jumps Caterpillar rallied 11 percent to $40.49. Government stimulus programs and improved credit markets helped stabilize demand for the world’s largest maker of bulldozers and excavators. Profit excluding some costs was 72 cents a share, surpassing the 22-cent average estimate of 20 analysts surveyed by Bloomberg. The company also raised its full-year forecast. DuPont, the third-biggest U.S. chemical maker, added 2.2 percent to $28.94. The company eliminated jobs and reduced costs faster than expected, helping it post profit excluding items of 61 cents a share, 15 percent higher than the average of analysts’ estimates. Merck, set to buy rival Schering-Plough Corp., rallied 3.5 percent to $28.93 after profit dropped less than analysts expected on savings from job cuts. To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.net. Last Updated: July 21, 2009 09:40 EDT |
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| 21-Jul-2009 11:58 |
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DOW & STI
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DOW at last nite's close of 8848, had obviously broke above the neckline of the inverse H&S n now above the long term trendline, 200ema
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| 21-Jul-2009 11:52 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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Yesterday n last Fri formed 2 white (up) candles with yesterdy's higher high n higher low on increased volume, MACD crossover n turning up. Some consolidation or mild profit-taking might be expected but in my opinion, no cause for concern as mkt dun go up in straight line. This is just my view, so dyodd
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| 21-Jul-2009 10:41 |
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Market News that affect STI
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Asian Stocks Rise on Recovery Optimism; Commodities Shares Gain By Masaki Kondo and Shani Raja July 21 (Bloomberg) -- Asian stocks advanced as Australia’s treasurer said the worst of the global recession may have passed and after Goldman Sachs Group Inc. raised its estimate for the U.S. Standard & Poor’s 500 Index. Fairfax Media Ltd., Australia’s No. 2 newspaper owner, surged 5.5 percent, while James Hardie Industries NV, the biggest seller of home siding in the U.S., climbed 6 percent in Sydney. Mitsubishi Corp., a Japanese trading company that gets more than half its revenue from resources, jumped 4.7 percent as oil and metals prices advanced. “It looks like the recession is pretty close to an end,” said Nader Naeimi, a Sydney-based strategist at AMP Capital Investors, which manages about $95 billion. “Not only have things stopped getting worse, you’re actually starting to see signs of a recovery.” The MSCI Asia Pacific Index added 1.2 percent to 106.05 as of 10:58 a.m. in Tokyo, headed for a sixth gain. The gauge has climbed 50 percent from a five-year low on March 9 amid optimism stimulus policies worldwide will revive the global economy. The Nikkei 225 Stock Average climbed 1.4 percent in Japan, where stock markets were closed yesterday. Australia’s S&P/ASX Index added 0.1 percent, while South Korea’s Kospi Index rose 0.3 percent. New Zealand’s NZX 50 Index advanced 1.5 percent. Sky City Entertainment Group Ltd., the country’s biggest casino operator, surged 7.3 percent after saying annual profit more than doubled. CIT Rescue Futures on the S&P 500 dipped 0.4 percent. The gauge climbed 1.1 percent in New York yesterday. Shares of CIT Group Inc., which provides financing to almost 1 million small businesses, soared 79 percent after a person briefed on the board’s deliberations said the lender has reached a financing agreement with bondholders. Fairfax surged 5.5 percent to A$1.34 in Sydney, and rival West Australian Newspapers Holdings Ltd. jumped 7.6 percent to A$5.26. Australian Treasurer Wayne Swan told reporters today that the worst of the global recession “may be behind us.” James Hardie, which gets more than three-quarters of its revenue in the U.S., surged 6 percent to A$4.60 in Sydney. Panasonic Corp., the world’s largest maker of plasma televisions, climbed 3.6 percent to 1,250 yen in Tokyo, while Honda Motor Co., Japan’s No. 2 automaker, rose 2.8 percent to 2,545 yen. David Kostin, Goldman Sachs’ U.S. strategist, boosted his year-end estimate for the S&P 500 to 1,060 from 940, citing earnings reports that have been stronger than expected. The gauge closed at 951.13 yesterday. The MSCI Asia Pacific Index last week had its biggest weekly advance since May as Intel Corp. forecast sales that beat analyst estimates and International Business Machines Corp. raised its profit target. Government reports showed economic growth accelerated in China and U.S. manufacturing improved. Relief Rally “The earnings recovery of U.S. companies is following a familiar pattern of conservative guidance being beaten and giving rise to a relief rally,” said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments Ltd. in Tokyo, which manages $28 billion. The MSCI Asia Pacific Index’s rally has lifted average valuations of shares in the benchmark gauge to 24 times estimated earnings, and 1.5 times book value, up from 14 times and 1.2 times respectively at the start of the year. Japan’s Topix index gained 1.7 percent, led by trading companies and metals producers. Mitsubishi, the nation’s largest trading house by market value, added 4.7 percent to 1,779 yen, and Sumitomo Metal Mining Co., Japan’s top nickel producer, leapt 6.3 percent to 1,360 yen. A gauge of six metals in London climbed for a sixth session yesterday, the longest stretch since March 2006, while crude oil rose for a fifth day today. To contact the reporter for this story: Masaki Kondo in Tokyo at mkondo3@bloomberg.net; Shani Raja in Sydney at sraja4@bloomberg.net. Last Updated: July 20, 2009 22:01 EDT |
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| 21-Jul-2009 10:33 |
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Market News that affect STI
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U.S. stocks jumped on Monday, driving the S&P 500 to an eight-month closing high, after CIT Group Inc was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another set of earnings that would beat analyst expectations this week. Prior to Monday’s opening bell, 55 S&P 500 companies reported earnings, of which 71% beat expectations. Monday's rally extended the market's recovery since the 12-year lows in early March. The Nasdaq hit its highest close since Oct 08, while the Dow registered its highest close since Jan 09. On the economic data front, the index of leading economic indictors, which gauges U.S. economic prospects for the next six to nine months, increased in June for the third straight month, suggesting the recession might be drawing to a close. Oil prices had a choppy session on Monday, vacillating between strong gains and corrections. Crude has settled at about US$64.48/bbl.
- refers to NASDAQ composite which consists of all stocks in NASDAQ. Futures value only for NASDAQ 100.
Key Events due this week (Briefing.com) Monday Economics: Leading indicators (Actual: +0.7% vs +0.5% consensus. 1.2% prior) Earnings: Halliburton, Hasbro, Boston Scientific, Texas Instruments and Legg Mason. All exceeded expectations. Tuesday No economic news. Earnings: BlackRock, Caterpillar, Coca-Cola, Freeport-MacMorRan, Lockheed Martin, Merck, Schering-Plough, TD Ameritrade, United Health and Western Union. After bell: AMD, Apple, Seagate, Starbucks and Yahoo. Wednesday Crude Inventories (no consensus vs 2.81m prior) Earnings: Altria, Bank of NY, Boeing, Delta Airlines, Eli Lilly, Morgan Stanley, PepsiCo, Pfizer, Suncor Energy, US Bancorp, Wells Fargo. After bell: Alcon, E*TRADE, eBay, Noble Corp and San Disk. Thursday Initial claims (no consensus vs 522k prior) Existing home sales (4.8m consensus vs 4.77m prior) Earnings: 3M, AT&T, Bristol-Myers, CIT Group, CME Group, Diamond Offshore, Ensco, Ford, Goodrich, IMS Health, Jetblue Airways, McDonald’s, New York Times, Northrop Grumman, Nucor, Philip Morris, PNC Bank, Radio Shack, Starwood Hotels, UPS, US Airways, Wyeth and Xerox. After bell: Amazon.com, Amex, Baidu.com, Capital One, Chubb, Microsoft and Netflix. Friday Michigan sentiment review (64.6 consensus vs 64.6 prior) Earnings: Ingersoll-Rand and Schlumberger. Implication on Singapore The gains registered by the US stocks on Wall Street overnight, coupled with a strong rally by the Nikkei in early morning trading is likely to provide further upside momentum to the local bourses today. With the STI breaking a new 2009 high yesterday, the renewed optimism seems to have return to the local market again. From a technical viewpoint, indicators are still pointing to a steady bullish momentum with the RSI trending up consistently towards the overbought region and the MACD indicator rebounding off the centerline strongly. These suggest that the index is likely to carry on to register more gains in the days ahead. We expect an initial resistance at 2500 (psychological level and gap zone in Sep '08), following which the subsequent resistance will be the 2605 level (minor peak in Sep '08). On the downside, we think that 2424 (Jun '09 high) could be the initial hurdle, ahead of 2361 (minor peak in Jul '09). Next Resistance level: 2605 (minor peak in Sep '08) Immediate Resistance level: 2500 (psychological and gap zone level) STI Current: 2456.15 (Last close: +1.0%) Immediate Support Level: 2424 (Jun '09 high) Next Support Level: 2361 (minor peak in Jul '09) Source: Newswires, OIR. Best Regards, Mr Kelly CHIA Senior Investment Analyst OCBC Investment Research |
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| 21-Jul-2009 10:20 |
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Yes, u r right. But of course, nothing is guaranteed as it could be a fake breakthru unless either retest the broken neckline as support or it subsequently forms a higher high n higher low.
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| 21-Jul-2009 10:03 |
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DOW & STI
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DOW at last nite's close of 8848, had obviously broke above the neckline of the inverse H&S.
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| 21-Jul-2009 09:57 |
China Hongxing
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Good News for China Hongxin
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Nah.... dun thks me, dyodd
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| 20-Jul-2009 23:49 |
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DOW looks like breakout of the inverse H&S at about 8750 in the weekly chart: 
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| 20-Jul-2009 22:19 |
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market pulse Jul 20, 2009, 10:05 a.m. EST U.S. June leading economic indicators up 0.7%Explore related topicsAlert Email Print By Greg Robb
WASHINGTON (MarketWatch) -- The U.S. index of leading economic indicators rose 0.7% in June, the Conference Board said Monday. This is the third straight monthly increase. The rise was slightly larger than the consensus forecast of Wall Street economists, who had expected a 0.5% rise. The gain is not as strong as the last two months. The index rose 1.0% in April and 1.3% in May. In the latest month, the coincident index fell 0.2%, while the lagging index fell 0.7%. |
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| 20-Jul-2009 22:15 |
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U.S. Stocks Climb, Sending S&P 500 to Highest Since November By Matt Townsend July 20 (Bloomberg) -- U.S. stocks rose, sending the Standard & Poor’s 500 Index above its highest close since November, as oil and metal prices climbed and speculation grew that CIT Group Inc. will receive financing to avoid bankruptcy. Asian and European shares gained, while Treasuries fell. Alcoa Inc. and Exxon Mobil Corp. advanced at least 1.1 percent as copper rallied to a nine-month high and oil climbed for a fourth day. CIT Group jumped 89 percent as a person briefed on the board’s deliberations said the commercial lender may announce a financing agreement with bondholders. Halliburton Co., Hasbro Inc. and Eaton Corp. gained at least 3.2 percent after earnings beat analysts’ estimates. The S&P 500 added 0.8 percent to 948.04 at 9:38 a.m. in New York. The Dow Jones Industrial Average jumped 66.58 points, or 0.8 percent, to 8,810.52, erasing its loss for the year. Europe’s Dow Jones Stoxx 600 Index added 1.4 percent and the MSCI Asia-Pacific Index increased 1.5 percent. “Given the general weakness of the economy and concerns over corporate profitability going into the second quarter, reports to date have been a pleasant surprise,” said Dean Gulis, part of a group that manages $2.5 billion for Loomis Sayles & Co. in Bloomfield Hills, Michigan. “This week it’s going to continue to rally. The worm has turned a little bit. People are feeling better about the economy.” The S&P 500 jumped 7 percent last week as companies from Goldman Sachs Group Inc. to Intel Corp. and Johnson & Johnson reported results that topped analysts’ estimates. The benchmark index has rebounded 40 percent from its 12-year low on March 9 amid speculation the economy is recovering. Forecast Raised Goldman Sachs boosted its forecast for the S&P 500, saying improving earnings will spur the steepest second-half rally since 1982. The bank’s year-end target for the S&P 500 was raised to 1,060, 15 percent above its level on June 30 and an increase from David Kostin’s prior projection of 940. A report today may show the gauge of leading economic indicators in the U.S. rose for a third straight month, according to a Bloomberg survey of economists. Companies including Microsoft Corp., Caterpillar and American Express Co. are scheduled to report earnings this week. Earnings topped analysts’ estimates by an average of 15 percent for S&P 500 companies that reported quarterly results since July 8, according to data compiled by Bloomberg, with 35 out of 43 beating estimates. Analysts forecast profits fell an average 33 percent in the second quarter and will decrease 20 percent from July through September, according to data compiled by Bloomberg. Commodities Rally Alcoa, the largest U.S. aluminum producer, rose 2.3 percent to $10.46, while Freeport-McMoRan Copper & Gold Inc., the biggest publicly traded copper producer, added 3.1 percent to $57.24. Copper prices jumped 1.8 percent to a nine-month high in New York as rallying equity markets in Asia and Europe strengthened the outlook for metal demand. Gold, silver, aluminum zinc and tin also led a rally in metals. Exxon, the largest U.S. oil company, increased 1.1 percent to $69.24 as crude climbed above $64 a barrel. BP Plc, Europe’s second-largest oil company, gained 1.7 percent. The cheapest valuations in at least 14 years are making energy companies too alluring to pass up for UBS AG and Guggenheim Partners LLC, even though earnings in the industry may fall 48 percent this year. Oil and gas producers in the MSCI World Index traded at $7.84 per dollar of profit this month, less than half the average of $17.10 in the gauge of developed markets and the widest gap since at least 1995, data compiled by Bloomberg show. CIT Group surged 89 percent to $1.32. The 101-year-old commercial-finance company seeking to ward off bankruptcy may announce an agreement for $3 billion in financing from bondholders as soon as today, said the person, who declined to be identified because the talks are confidential. CIT needs time to strike deals with bondholders to reduce debt after the U.S. declined to give the firm a second bailout. The funds would give the New York-based company a chance to restructure its debt outside of bankruptcy, the person said. To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.net. Last Updated: July 20, 2009 09:43 EDT |
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| 20-Jul-2009 21:58 |
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Market News that affect STI
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Technical Updates on the STI Overall, the week ended higher as the STI opened at 2313.44 (opening at start of week) and closed at 2430.96 (closing end of today), with an intraweek high of 2434.12 and intraweek low of 2258.72. The week started with a strong technical correction in the first session but bounced back strongly in the 2nd session and carried on to rally and eased past the 2009 high before ending the week near to the intraweek high. With investors generally feeling optimistic about economy from the better than expected US corporate results, the positive sentiments is likely to filter to the local scene and provide the much needed boost to push the STI higher in the next week. The string of local corporate results announcement flowing in over the coming weeks will also be closely monitored for more signs of an economic recovery. From the looks of the daily technical indicators, they seem to suggest that the the uptrend momentum seems to be building up now. As such, it is possible that we could see the index pushing higher towards the key 2500 psychological resistance next week. Our key support meanwhile is pegged at the 2400 psychological level. Until then, we wish you a good luck for the coming week! Warmest Regards, Philip Teo Chun Hwee Associate OCBC Investment Research |
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| 20-Jul-2009 21:37 |
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DOW
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DOW opening shot - up 47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 20-Jul-2009 21:34 |
China Hongxing
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Good News for China Hongxin
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0.20, 0.21 n 0.225 (see my chart in posting further below) Note tat resistance when breached, becomes the support unless it is a fake break thru.
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| 20-Jul-2009 21:30 |
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DOW Future now up 46
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your boss so much, always must say "My boss say this, my boss say tat".
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