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CapitaMalls Asia - Building an edge in China [ OP/◄ ► - S$2.02/TP:2.30 - Coy Flash -27/11 ]
Our recent ground checks on CMA?s retail malls in China reinforce our view that asset management remains its edge over local developers. Asset build is on track, footfalls are encouraging and more malls are maturing. We expect its operational metrics to improve in FY14-15. We tweak our FY13-15 core EPS by 1-2% and nudge up our target price (still based on 10% discount to RNAV) for slightly higher rental estimates after our China trip. We reiterate our Outperform rating, with rental yield improvements and potential asset recycling being the catalysts.
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S& P 500 Gains to Record on Economy as Treasuries Fall Oil Slips 2013-11-27 21:39:26.748 GMT By Aubrey Pringle and Lu Wang
Nov. 27 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor?s 500 Index and the Dow Jones Industrial Average closing at records, as jobless claims unexpectedly fell and measures of consumer confidence beat estimates. Treasuries dropped while crude oil tumbled as a report showed U.S. supplies climbed. The S& P 500 added 0.3 percent to 1,807.23 by 4:35 p.m. in New York and the Dow climbed 0.2 percent. The Nasdaq Composite Index extended gains beyond the 4,000 level to the highest close in 13 years. Treasuries fell for the first time in five days after a seven-year note sale attracted the least demand since 2009. Oil slid to an almost six-month low as U.S. inventories rose a 10th week. European stocks climbed while the yen weakened a fifth day versus the euro to a four-year low. Fewer Americans than projected filed applications for unemployment benefits last week, while the Thomson Reuters/University of Michigan index of consumer sentiment rose. A measure of German consumer confidence from Nuremberg-based GfK AG climbed to the highest level since August 2007. Chancellor Angela Merkel reached a coalition agreement with the Social Democrats, more than two months after the German leader?s Christian Democratic Union won national elections. Today?s data ?is in some sense a re-affirmation that things are going along pretty decently,? Bill Schultz, the chief investment officer at McQueen Ball & Associates in Bethlehem, Pennsylvania, where he oversees about $1.1 billion, said by phone. ?Are we going to get higher rates again? Is tapering still out there? The market is playing with what?s going to come next and how we position going forward given a number of uncertainty still sitting out there.? 2013 Surge The S& P 500 has rallied 26.7 percent this year, putting it on track for its biggest annual gain since 1997, after the Fed continued the pace of its record monetary stimulus. The index is up 2.9 percent this month, with valuations near their highest level since the end of 2009. The S& P 500 trades for about 16.3 times member companies? projected earnings, data compiled by Bloomberg show. U.S. equities and Treasury markets will be closed tomorrow for the Thanksgiving holiday. U.S. jobless claims in the week ended Nov. 23 declined 10,000 to 316,000, the fewest in two months, the Labor Department said today in Washington. The index of U.S. leading indicators rose for a fourth straight month in October, reflecting gains in factory orders and applications to begin new-home construction. Other data showed the index of consumer sentiment in November unexpectedly rose to 75.1 from 73.2 a month earlier. Fed Outlook Bookings for American goods meant to last at least three years decreased 2 percent, matching the median forecast of economists surveyed by Bloomberg after a 4.1 percent gain in September that was larger than initially reported, the Commerce Department said. Fed policy makers have been scrutinizing data to determine whether the U.S. economy is strong enough to withstand a reduction in their $85 billion a month of bond purchases. Three rounds of quantitative easing have helped push the S& P 500 up more than 166 percent from a bear-market low reached in 2009. Four out of five investors expect the Fed to delay a decision to begin reducing the stimulus until March 2014 or later, according to a Nov. 19 Bloomberg Global Poll. Former Fed Chairman Alan Greenspan said the U.S. economy probably will grow more slowly next year than some forecasters predict, and indicated that record-high U.S. stocks doesn?t mean there?s a bubble. No Bubble ?This does not have the characteristics, as far as I?m concerned, of a stock market bubble,? Greenspan said in an interview on Bloomberg TV?s ?Political Capital with Al Hunt,? airing this weekend. ?It could come out that way but I don?t see it at this stage.? The U.S. economy is forecast to grow 2.6 percent next year, following a growth rate of 1.7 percent this year, according to a Nov. 8-13 Bloomberg survey of 73 economists. Treasuries headed for their first monthly decline since August. Benchmark 10-year yields rose three basis points, or 0.03 percentage point, to 2.74 percent after today?s auction of $29 billion in seven-year notes. Longer-term debt received less support than the two- and five-year note sales amid speculation the Fed will keep short-term interest rates lower for longer. The bid-to-cover ratio, which gauges demand by comparing total bids with the amount of securities offered, was 2.36, compared with an average of 2.59 for the previous 10 sales. The seven-year notes drew a yield of 2.106 percent, compared with the forecast of 2.088 in a Bloomberg News survey of six of the Fed?s 21 primary dealers. ?Very Sloppy? ?The auction was very sloppy,? said Thomas di Galoma, head of U.S. rates sales at ED& F Man Capital Markets in New York. ?Forward guidance takes you out to five years. Seven years is no man?s land.? The yield on current seven-year notes climbed three basis points to 2.06 percent. Technology shares gained the most among 10 major groups in the S& P 500, rallying 1 percent. Hewlett-Packard Co. jumped 9.1 percent to the highest level since February 2012 after the maker of personal computers posted revenue and profit that topped analysts? estimates. Apple Inc. climbed 2.4 percent. Energy shares slumped 0.7 percent as oil prices declined. Schlumberger Ltd. and Noble Energy Inc. fell at least 1.6 percent. EIA Report Crude oil fell for a fourth day, with West Texas Intermediate dropping 1.5 percent to $92.30 a barrel. The spread between WTI and Brent crude widened to the most in eight months. Crude supplies rose 2.95 million barrels to 391.4 million last week, the highest level since June, according to the Energy Information Administration. The report was forecast to show a 750,000-barrel gain, according to a Bloomberg survey. U.S. crude production increased 45,000 barrels a day to 8.02 million, the highest level in almost 25 years. Gold futures dropped 0.3 percent to $1,237.90, sliding for a third straight day. Prices are heading for the first annual drop in 13 years as some investors lost faith in the metal as a store of value and on speculation that the Fed will slow its monthly debt purchases as the U.S. economy improves. A gauge of commodity producers pulled The Stoxx Europe 600 Index higher as Rio Tinto Group and Glencore Xstrata Plc climbed more than 0.8 percent. Vivendi SA rose 0.9 percent after the board approved a plan to spin off its SFR mobile-phone business in France. Emerging Markets Accor SA dropped 7.5 percent after reversing a plan to divest properties. The Paris-based company said it will focus on operating and owning hotels. Veolia Environnement SA fell 3 percent after Electricite de France SA sold its 4 percent stake in the business after the close of trading yesterday. The Shanghai Composite Index rose 0.8 percent and Thailand?s SET Index climbed 1.1 percent, its biggest one-day advance in three weeks. Yields on 3.125 percent Thai debt due December 2015 dropped 13 basis points to 2.74 percent. The nation?s bonds and equities rose even as protesters besieged government ministries this week, demanding that Prime Minister Yingluck Shinawatra step down. The Indonesian rupiah weakened 1 percent to its lowest level in more than four years. The ruble depreciated for a third day against the Russian central bank?s basket of dollars and euros used to manage the currency. Shares in Dubai rose for a second day amid investor bets the emirate will win its bid to host the Expo 2020. The BUX index in Hungary added 0.9 percent. Yen Weakens The yen slid 0.9 percent to 138.72 per euro, the weakest intraday level since August 2009. The dollar strengthened 0.9 percent to 102.16 yen. The pound rose to its strongest level since December 2012 against the greenback after a report confirmed that U.K. economic growth accelerated in the third quarter. Yields on benchmark German 10-year bunds added three basis points to 1.72 percent. ?I don?t think anyone in the market really doubted that Germany would find a stable coalition, but it just adds to the overall sense of continuity in Europe,? said Ned Rumpeltin, head of Group-of-10 currency strategy at Standard Chartered Bank in London. The cost of insuring corporate bonds against losses was little changed at a 3 1/2-year low, with the Markit iTraxx Europe index of credit-default swaps on 125 investment-grade companies falling 0.3 basis points to 78 basis points, the lowest since April 2010.
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World MarketsNorth and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 2.12% while Brazil's Bovespa is up 0.81% and U.S.'s S& P 500 is up 0.25%. North and South American Indexes |
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Singapore
* CapitaLand (CAPL SP): Sees booking S$149m loss from
Australand stake sale
* DBS Group (DBS SP): 1st Basel III securities issue meets
S$800m target
* Food Empire (FEH SP): Establishes S$200m multicurrency
medium term note program has appointed DMG & Partners,
United Overseas Bank as joint arrangers, dealers
* IHH Healthcare (IHH SP): 3Q net 117m ringgit vs 72.6m yr ago
* Novo (NOVO SP): Sees loss widening for half yr ended Oct. 31
* Oxley (OHL SP): Prices Singapore dollar bonds to yield 5.1%
* United Envirotech (UENV SP): Terminates Shangzhi Tot project
* Vallianz (VALZ SP): Gets $150m chartering contracts in
Mideast
* Willas-Array (WAE SP): Expects shrs to start Hong Kong
trading Dec. 6
* Highest short sales as a percentage of turnover yday (mkt
cap > S$500m): Fortune Real Estate Investment (73%), Yanlord
Land Group (68%), Sound Global (47%)
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lol...........Gong Gong jia ti kong .......真 的 吗 ？
lglg666 ( Date: 26-Nov-2013 21:04) Posted:
Looking back at my trading or lack of it and my monitoring watch list which I have 5 in it. I've been very lucky with trading so far. You are spot on to say I'm one of the Gong Gong jia ti kong type lol, Bro WanSiTong.
WanSiTong ( Date: 25-Nov-2013 11:02) Posted:
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GONG GONG jia ti kong....... Lo |
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World MarketsNorth and South American markets finished mixed as of the most recent closing prices. The IPC gained 0.13% and the S& P 500 rose 0.01%. The Bovespa lost 1.56%. North and South American Indexes |
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Nov. 26 (Bloomberg) -- U.S. stocks erased gains as investors sold equities in the final 30 minutes of trading to rebalance portfolios, trimming an earlier rally after improving housing data lifted builders. Treasuries advanced while European stocks fell for the first time in three days. The Standard & Poor?s 500 Index rose less than 0.1 percent to 1,802.75 at 4 p.m. in New York, after gaining as much as 0.3 percent. The Nasdaq Composite Index closed above 4,000 for the first time since 2000. The Stoxx Europe 600 Index declined 0.6 percent. The yield on Treasury five-year notes slid three basis points to 1.31 percent as the government?s auction of $35 billion in five-year notes attracted stronger-than-forecast demand. Europe?s 17-nation shared currency gained 0.4 percent to $1.3569 and the yen appreciated 0.4 percent to 101.34 per dollar. Oil dropped 0.4 percent to $93.68 a barrel. Home prices in 20 U.S. cities rose by the most since February 2006 in the 12 months through September, indicating the housing market sustained progress even as borrowing costs climbed. Confidence among U.S. consumers unexpectedly declined in November to a seven-month low. More than $8 trillion has been added to the value of global equities this year, the biggest increase since 2009, as central banks took steps to shore up economies worldwide. ?This continues to be a strong market into the end of year,? Jason Cooper, a money manager who helps oversee $2.5 billion in South Bend, Indiana, at 1st Source Investment Advisors, said in a phone interview. ?I don?t think anybody would have guessed we?d be at the rate we are at today and I still believe there are people out there concerned that we can fall back down. If the market continues, those who are late to the game at some point have to make a decision to possibly go into the equity market.? Stocks pared their gains in the final 30 minutes of trading as investors sold U.S. equities to mimic changes in MSCI indexes that are scheduled to take effect at the end the close today. Apple Inc., Oracle Corp. and Exxon Mobil Corp. are among companies that face the biggest decrease in weighting in the MSCI rebalancing, according to Societe Generale SA. Lennar Corp. and PulteGroup Inc. climbed at least 4.4 percent, leading a rally among homebuilders. Technology shares rose 0.4 percent as a group in the S& P 500. Apple climbed 1.8 percent. China Mobile Ltd.?s selling of iPhone will provide a tailwind to Apple?s 2014 earnings estimates, according to Peter Misek, an analyst with Jefferies LLC. Tiffany Gains Tiffany & Co. jumped 8.7 percent after profit topped analysts? estimates and the jeweler boosted its forecast. Jos. A. Bank Clothiers Inc. surged 11 percent after Men?s Wearhouse Inc. offered to buy the apparel company for about $1.54 billion. The S& P 500 closed above 1,800 for the first time on Nov. 22, capping seven straight weeks of gains. The benchmark index is poised for its best annual performance since 1998, with an increase of 26.4 percent. The S& P 500 is trading for about 17 times its companies? reported earnings. While the valuation is at the highest level since May 2010, it?s still below the multiples at the market?s two previous peaks, when the ratio reached 17.5 in October 2007 and 31 in March 2000, data compiled by Bloomberg show. Fed Stimulus Three rounds of Federal Reserve bond purchases have helped push the S& P 500 up 166 percent from a bear-market low in 2009. Four out of five investors expect the Fed to delay a decision to begin reducing the stimulus until March 2014 or later, according to a Bloomberg Global Poll on Nov. 19. Policy makers have been scrutinizing data to determine whether the economy is strong enough to withstand a reduction in their $85 billion a month in bond purchases. The S& P/Case-Shiller index of property values advanced 13.3 percent after increasing 12.8 percent a month earlier. More applications for home construction were issued in October than at any time in the past five years, figures from the Commerce Department showed today. The agency postponed publishing housing-starts data due today to Dec. 18 because of a lapse in funding after a 16-day partial government shutdown last month. Consumer Confidence The Conference Board?s confidence index fell to 70.4 from a revised 72.4 a month earlier that was stronger than initially estimated, the New York-based private research group said today. The median forecast in a Bloomberg survey of 78 economists called for a November reading of 72.6. The overall business activity index for mid-Atlantic region factories rose to 13 in November, according to the latest report from the Fed Bank of Richmond. The S& P 500 will probably fall 10 percent in the next 12 months before rebounding to end the year at 1,900, according to Goldman Sachs Group Inc. The forecast from the New York-based firm implies about a 5 percent advance from today?s level. The 25 months since the S& P 500?s last 10 percent drop is the longest stretch without such a decline since 2007, according to S& P. ?It will be less smooth sailing,? David Kostin, the bank?s chief U.S. equity strategist, said on Bloomberg Television?s ?Market Makers? program. ?The likelihood is we will have something that will prompt a reduction -- a retreat in the market. But overall the market should be rising, and that?s because the U.S. economy will be getting better.? Treasury Auction Treasuries rose for a fourth day as the government?s auction of $35 billion in five-year notes attracted stronger- than-forecast demand as investors bet the Fed will keep short- term borrowing rates low. The notes were sold at a yield of 1.340 percent, compared with a forecast of 1.347 percent in a Bloomberg News survey of nine of the Fed?s 21 primary dealers. The bid-to-cover ratio, which gauges demand by comparing total bids with the amount of securities offered, was 2.61 versus an average of 2.67 for the past 10 sales. ?It?s been one of the biggest beneficiaries of the expectation that the Fed is going to be lower for longer,? said Thomas Tucci, managing director and head of Treasury trading in New York at CIBC World Markets Corp. ?The economy isn?t at escape velocity and won?t be for some time.?Treasuries gained after the U.S. sale of $35 billion of five-year notes drew a lower-than-forecast yield. The Treasury?s 10-year note yield fell two basis points to 2.71 percent. Europe Stocks Remy Cointreau SA led European shares lower after the maker of Remy Martin cognac said it expects a ?substantial? drop in annual earnings, while Hugo Boss AG postponed a profitability target. More than three shares fell for every two that gained in the Stoxx 600, which closed yesterday within 0.2 percent of a five-year high reached on Nov. 18. Trading volumes were 22 percent above the 30-day average today, data compiled by Bloomberg show. The gauge has climbed 15 percent in 2013, headed for its best year since 2009. Remy, Hugo Remy lost 8.3 percent after posting first-half adjusted operating profit that declined 7.3 percent to 132.7 million euros ($179.5 million) on an organic basis. Hugo Boss, the German luxury-clothing maker controlled by buyout firm Permira Advisers LLP, fell 2.1 percent. Repsol SA advanced 4.3 percent after the governments of Spain and Argentina reached a preliminary agreement to compensate the Madrid-based oil company for its stake in YPF SA. The MSCI Emerging Markets Index slipped 0.5 percent. The Jakarta Composite Index sank 2.3 percent to an 11-week low and the rupiah slipped 0.4 percent versus the dollar to the weakest since March 2009. The government raised $190 million yesterday by selling dollar-denominated bonds to local investors, who submitted $294 million of bids, short of the $450 million goal, said Robert Pakpahan, the director general at the debt management office. Emerging Markets South Africa?s benchmark gauge slid 1.3 percent after a report showed the economy grew at the slowest pace in four years. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong decreased 0.8 percent, led by China Petroleum & Chemical Corp. as the government detained seven people for their role in in a deadly pipeline explosion. The euro strengthened against 13 of its 16 major counterparts. The European Central Bank doesn?t see deeper disinflation, ECB Executive Board member Benoit Coeure said on CNBC today, after China?s central bank governor said the euro was important to his nation?s reserve management. ?Large central banks around the world are looking to diversify their dollar holdings, in part in favor of the euro,? said Neil Jones, head of European hedge-fund sales at Mizuho Bank Ltd. in London. ?When ECB members are doubting disinflation concerns and giving more upbeat growth expectations this also boosts the euro.? West Texas Intermediate declined for a third day, losing 0.4 percent to $93.68 on projections that a report tomorrow will show U.S. crude inventories advanced for a 10th week. The Energy Information Administration will probably say crude inventories rose 750,000 barrels last week, according to the median of 11 responses in a Bloomberg survey. Stockpiles of distillate fuel fell to a five-year low, the survey showed. Prices slipped yesterday after Iran and world powers reached an interim agreement on Nov. 24 to restrict the country?s nuclear program.
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Goldman Sachs in penny stock saga
http://www.singaporelawwatch.sg/slw/headlinesnews/33601-goldman-sachs-in-penny-stock-saga.html?utm_source=rss%20subscription& utm_medium=rss
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Goldman Sachs in penny stock saga
Bank being taken to court over forced sales during recent crash IN THE latest twist in the penny stocks meltdown over Blumont Group, Asiasons Capital and LionGold Corp, two shareholders are mounting legal action against global bank Goldman Sachs. A shareholder with stakes in all three stocks, Ms Quah Su-Ling, has filed a lawsuit against a unit of Goldman Sachs. Ms Quah, the chief executive at Ipco International, has alleged that the bank had breached its duty. Court papers cited in an article in The Edge magazine yesterday state that Goldman Sachs had force-sold Ms Quah's shares in the three counters from Oct 2. This came within hours of the bank demanding that she repay her entire loan in cash by 1.30pm that same day. Since she had opened her account in February this year, Ms Quah's loan with Goldman Sachs grew from $12.4 million to more than $61 million by Oct 1. When contacted by The Straits Times, Ms Quah declined to comment as the suit has commenced. Separately, another shareholder Ng Su Ling, 49, has commenced legal proceedings against Goldman Sachs. Ms Ng told The Straits Times that the case is over the " involuntary sale" of her Blumont and LionGold shares by the bank. The force-selling started from Oct 2, and included part of the period the stocks were labelled as " designated securities" by the Singapore Exchange (SGX) between Oct 6 and 20. Ms Ng said she could not disclose more details as her lawyers are still working on the case, which will be heard in Britain. While she resigned from Blumont Group as an independent director on Monday last week, Ms Ng remains an independent director of LionGold. The force-selling of shares for both women took place a day after the SGX issued an unusually detailed query to Blumont on Oct 1. The bourse wanted the mining group to explain how its market value had jumped from $508 million to $6.3 billion within nine months. When queried by The Straits Times, a Goldman Sachs spokesman in Hong Kong declined to comment on the two cases. A third shareholder James Hong, an executive director at Blumont, is reported by The Edge to have received a notice of demand from Goldman Sachs early last month to repay his outstanding loans to the bank. Mr Hong could not be reached for comment yesterday. rjscully@sph.com.sg Source: Straits Times © Singapore Press Holdings Ltd. Permission required for reproduction. |
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SE Asian Stocks to Watch: Capitaland, China Env, City Dev, Fonterra Trust, Freight Links, Hutchison Port, Rex Intl , Rowsley, SGX, Yongnam.
Singapore
* CapitaLand (CAPL SP): Blackrock raises stake
* China Environment (CENV SP): Responds to SGX queries on...
financial statements
* City Developments (CIT SP): Approached by parties for sale
of HK unit
* Fonterra Trust (FORT SP): Credit Suisse becomes substantial
shareholder
* Freight Links (FLE SP): Changes name to Vibrant Group
* Hutchison Port (HPHT SP): Capital Group cuts stake to 4.5%
from 5.1%
* Rex Intl (REXI SP): Lime Petroleum, in which REXI owns 65%
stake, starts drilling well in Oman
* Rowsley (ROWS SP): Ho Tat Kin to resign as executive
chairman in Feb.
* Singapore Exchange (SGX SP): Forms direct-listing framework
with China Securities Regulatory Commission where Chinese
cos. planning to list in Singapore will file applications to
island?s exchange and Chinese regulator
* Yongnam (YNH SP): Gets S$168m contract for development
* Highest short sales as a percentage of turnover yday (mkt
cap > S$500m): City Developments (78%), Ascott Residence
Trust (57%), Sound Global (47%)
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Nasdaq topped 4,000. Dow hits record again
Click the chart for more stock market data.
The Nasdaq briefly topped 4,000 Monday for the first time since September 2000, but failed to close above that key level.
And while the tech-heavy Nasdaq did cross a big milestone, it is still well below its peak of above 5,000, which was set in March 2000.
The Dow managed to log another record closing high though, while the S& P 500 finished in the red after hitting a new all-time high earlier in the day.
Stocks ended mixed as investors took in a disappointing report on the housing market. Pending home sales dropped 0.6% in October from the prior month. That was the fifth straight decline. Economists expected a 1.3% increase. The housing recovery has been a big boon for the stock market this year, so signs of weakness are worrisome.
Meanwhile, investors seemed encouraged by a landmark deal reached between Iran and the United States, the United Kingdom, France, Russia, China and Germany over the weekend.
As part of the agreement, world powers will relax economic sanctions against Iran in exchange for a promise that the country scales back its nuclear program. Oil prices sank on the expectation of more oil exports from Iran following the nuclear deal.
World markets also climbed on the news. European markets finished with solid gains, with Germany's benchmark Dax index leading the way. Most Asian markets ended higher, with Japan's Nikkei jumping 1.5% as the yen weakened against the dollar
Related: Fear & Greed Index remains in Greed territory
Besides the Iran deal and pending home sales, there wasn't much other news moving markets. Trading volume is expected to be low during this holiday-shortened week and there are few economic and earnings reports on tap. U.S. markets will be closed Thursday for Thanksgiving and will shut at 1 p.m. ET on Friday.
The Standard & Poor?s 500 Index (SPX) fell, after seven consecutive weekly gains that lifted the gauge to a record, as energy shares retreated following Iran?s agreement to limit its nuclear program
The S& P 500 dropped 0.1 percent to 1,802.48 at 4 p.m. in New York, erasing earlier gains of as much as 0.2 percent. The Dow Jones Industrial Average added 7.77 points, or 0.1 percent, to an all-time high of 16,072.54. The Nasdaq Composite Index rose 0.1 percent to 3,994.57, after briefly surpassing 4,000 for the first time since September 2000. About 5.6 billion shares changed hands on U.S. exchanges, about 7.8 percent below the three-month average.
?The market is not necessarily over-extended, but probably moderately rich,? Cam Albright, director of asset allocation at the investment advisory unit of Wilmington Trust, said by phone from Wilmington. The firm oversees about $79 billion. ?It?s probably difficult to envision this market getting a lot more upside unless it has this continued success on earnings and economic growth. The deal with Iran takes some of the risk premium out of the marketplace for the moment at least.? Iran Accord
Iran agreed yesterday to curtail nuclear activities in return for easing of some sanctions on oil, auto parts, gold and precious metals, an accord that broke a decade-long deadlock.
The S& P 500 has rallied 26 percent this year, closing for the first time above 1,800 on Nov. 22, as the Federal Reserve continued to buy $85 billion of bonds a month to stimulate economic growth. The gauge is challenging 2003 for the best annual gain since 1998.
The index is trading for about 17 times its companies? reported earnings. While the valuation reached the highest level since May 2010, it?s still below the multiples at the market?s two previous peaks, when the ratio reached 17.5 in October 2007 and 31 in March 2000, data compiled by Bloomberg show.
Minutes from the latest Fed meeting indicated the central bank may reduce monetary stimulus in coming months. Four out of five investors expect the Fed to delay a decision to begin reducing the stimulus until March 2014 or later, according to the Bloomberg Global Poll of investors, traders and analysts who are subscribers. Just 5 percent are looking for a move at its Dec. 17-18 meeting, the Nov. 19 poll showed. Most Bullish
?The most bullish thing you could have is the Fed says, ?Hey, we feel comfortable enough to step away,?? Warren Koontz, the co-manager of the Loomis Sayles Value Fund in Boston, said in a phone interview. Loomis Sayles & Co. manages about $191 billion. ?The underpinning of the stock market is probably pretty good.?
The S& P 500 last week capped its longest winning streak since February as reports showed retail sales beat estimates and fewer Americans than expected filed for jobless benefits.
Data today from the National Association of Realtors showed pending home sales fell 0.6 percent in October, a fifth month of declines, amid higher borrowing costs. The median projection in a Bloomberg survey of economists called for a 1 percent gain from the month before.
?The real strong rebound in housing that we saw between 2011 and the first quarter of this year has tapered off now,? Charlie Smith, chief investment officer of Pittsburgh-based Fort Pitt Capital Group Inc., said in a phone interview. His firm oversees $1.5 billion. ?The question people have is, ?Can the uptrend in housing be sustained by what classically has been growth in income and therefore the ability to get loans???
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World MarketsNorth and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.02% while Mexico's IPC is off 0.61% and U.S.'s S& P 500 is lower by 0.13%. North and South American Indexes |
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是 的 ! 一 生 当 中 难 得 只 有 几 次 机 会 !
Oldbird ( Date: 25-Nov-2013 22:12) Posted:
是 的 ， 这 叫 羊 群 效 应 。 。 其 实 我 较 喜 欢 做 contrarian 但 前 提 是 必 须 清 楚 该 股 的 基 本 面 ， 才 不 会 手 软 。 爆 发 性 的 股 災 是 最 好 的 吋 机 ， 但 子 弹 要 充 足 。 。 。 不 然 一 生 难 得 的 吋 机 会 失 去 。 平 时 使 用 三 分 力 就 行 。
只 是 个 人 见 解 ， 见 人 见 智 。
guoyanyunyan ( Date: 25-Nov-2013 21:32) Posted:
买 股 票 跟 买 番 茄 就 是 不 一 样 。 多 数 人 在 番 茄 底 价 时 ， 就 会 多 买 一 点 ， 等 到 番 茄 高 价 时 ， 就 根 本 断 了 念 头 。 但 是 当 股 票 激 烈 下 滑 ， 就 会 变 成 金 融 世 界 里 人 人 避 之 唯 恐 不 及 的 怪 物 。 当 价 格 迅 速 崛 起 ， 每 个 人 则 都 想 要 过 去 凑 凑 热 闹 。
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Singapore Traders Spectrum - Wired Weekly
KEY POINTS ■ STI ? 3150 support despite last week?s decline, 3290 view intact but delayed beyond this year end
■ Banks are a proxy to Singapore GDP recovery Midas & China Merchant to ride on improving sentiment towards China Wired Weekly We continue to see the prospect for the STI to head higher towards 3290 despite its 29pt decline last week. But, the likelihood of this happening looks to be delayed beyond the year-end lull period.
 | | Straits Times Index (Daily) |
The short-term support levels for the index are 3150 and 3100. With the STI currently trading closer to 13.12x (-0.5SD) FY14F PE at c.3100 and GDP forecasted to improve next year, there is not much more that the STI can dip if the rest of the world continues to stay firm. Unless global equities slip into a correction, we expect the first support level at 3150 to hold firm. GDP growth for 2014 should register 4.0%, which is at the top end of the newly announced official GDP forecast range of 2.0-4.0%. Singapore banks are a proxy to the country?s GDP recovery. Our pick is OCBC.
The OECD lowered global growth forecasts for 2013 and 2014 to 2.7% and 3.6% respectively, adding that growth should pick up to 3.9% in 2015. There is the possibility of " significant financial instability" in emerging economies, especially during the exit from unconventional monetary policies in the US. China is an exception. Annual economic growth is likely to accelerate to 8.2% in 2014 from an expected 7.7% this year, driven by stronger domestic demand. Stocks with China exposure that we like are Midas and China Merchant. Midas is a recovery play on expectations of more high speed bullet train contracts while China Merchant is a dividend play in addition to offering strongest growth driven by acquisitions. (Read Report)
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 nice to bully...... lol
Why target the same group of people?
Blanchard ( Date: 25-Nov-2013 01:29) Posted:
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My Market View
The views expressed here by the contributor does not belong to ShareJunction.
Straits Times Index decides to go for downtrend ...
Contributed by Jay Chia
25-Nov
Straits Times Index decides to go for downtrend formation.
Straits Times Index was struggling on the upside last week as weak sentiments were looming the market. US government tapering and China economic reform are the main concerns during last week. The week started bullishly with attempts to trade towards 3230 level, however, the bullishness failed to sustain during the day and STI ended back to 3200 resistance level. Further selling pressure sets in during the next few days and STI was soon testing 3180 level. 3180 support levels failed to hold and broke on Thursday with STI threatening to break for lower low at 3160 level. The support held well and STI ended slightly above it. For the week, 28.42pts were lost as STI ended at 3172 level. Can STI rebound this week so as to catch up with its regional counter parts?
Let?s discuss how STI will behave this week.
Trend: Sideways, 20ma slightly down, MacD slightly below 0.
Support: 3160 (100ma), 3130, 3130
Resistance: 3180(50ma), 3200(20ma), 3230 (200ma)
Observations:
Candlestick ?Black hammer pattern.
Histogram ? 3 Rs. No divergence signal.
RSI ? At 37.7%. No divergence signal.
Stochastic ? At 19.4%. No bullish crossover.
Bollinger Band ? Testing lower band. Band contracting.
Conclusion:
STI is now in a real danger of forming a downtrend formation. With the symmetrical triangle still being intact, the upper line of the triangle was seen preventing STI from breaking on the up side last Monday. This is the first indication that STI is attempting to break the downside. The lower line of the symmetrical triangle held well for 2 days last week which indicates that the support is holding well too. Long lower shadows formed by Thursday and Friday?s candles indicate that STI is still not ready to break the formation on the downside. Slight rebound might happen but STI is still trading on a thin line of breaking for downtrend formation. Indicators reading should be able to help us with more conclusive understanding of STI?s direction for this week.
The mid-term indicators were now indicating a change in momentum. Uptrend momentum is currently invalid as the indicators are starting to switch more towards the bearish side. It is still unclear if bearish had totally taken over the momentum as there are still possibilities of sideways momentum. Hence, short-term indicators should dictate the direction for this week. Both Histogram and Stochastic are showing bearishness last week and they are likely to continue this week. There are no clear signs of oversold situation yet and hence, STI might still have downside room to travel. Therefore, STI might start the week bearishly and might break for the downside.
As discussed last week, the symmetrical triangle formation could end up in 2 possible scenarios. STI decided to take the bearish scenario by breaking 3180 support level. Breaking 3180 is already the first indication that STI is attempting to form a downtrend formation. With its candles forming hammer pattern on the last 2 trading sessions, there could be still be supportive buyers to prevent further downside in STI. However, with the short-term bearish momentum from the indicators, STI might not longer be able to hold this support well. Rebound might happen on Monday, but it could be capped by the resistance at 3180 level. Even if it is able to break 3180 level, the next resistance at 3200 level is proven to be a strong resistance level. After its rebound attempts, STI will likely to slide further.
3160 support level will definitely be pressured to break this week if slight rebound occurs. Once 3160 support level breaks, downtrend formation will be confirmed as lower low will be formed. The likely lower low formation levels will be at 3130 level or its next support at 3100 level. These 2 support levels will likely be the target for STI to test once 3160 support level fails to hold. Therefore, it is important to understand the downside risk STI might face for this week.
With downside risk being more certain, STI will definitely be facing more selling pressure this week than last week. Although rebound is expected to appear during the week, the rebound will more likely face selling pressure during the attempts. 3180 level will likely to cap STI?s upside for this week while risk of breaking 3160 support level is high. Once 3160 support level fails to hold, STI will likely be heading towards 3130 support level or even at much lower support level at 3100 level. Henceforth, long traders must be prudent with their current long positions and exit the market when bearish scenario is being confirmed.
What to watch out for this week:
1) Testing of 3180 resistance level
2) Breaking of 3160 support level
3) Testing of 3130 support level.
4) Testing of 3200 resistance level.
Trading strategy to adapt right now:
- Long traders have to exit their positions if stop loss levels are being breached.
- Shortists might want to prepare to enter positions using breakout strategies.
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Gorgeous, which one hosay ?
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Bull eat grass ....... lol
bishan22 ( Date: 25-Nov-2013 11:36) Posted:
Many traders are eating grass now. Sad....... We need them to boost the market.
halleluyah ( Date: 25-Nov-2013 11:32) Posted:
| STI macam got cancer...dying zzZZZ....lol |
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不 用 擔 心 沒 有 機 會 ， 但 要 在 機 會 來 時 準 備 好 。
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MARKET HIGHLIGHTS AHEAD: UOB
? This is the Thanksgiving holiday week (Thursday, 28 Nov) in the US so the US financial markets are likely to be a bit quiet especially after Wednesday but it will be a big week for US retailers with Black Friday looming. (Note that Black Friday is the Friday following Thanksgiving Day in the US, often regarded as the beginning of the Christmas shopping season.)
? Key data event this week in Asia is Bank of Thailand?s rate decision on Wed afternoon, which is expected to stay unchanged at 2.5%. Other than that, three sets of 3Q GDP reports will be out in Asia, including Philippines on Thur morning. On Fri, Taiwan will be reporting on its final reading at 5pm and India?s will be out at 8pm.
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