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Singapore STI Ends Flat Ahead of Central-Bank Meetings, Econ Data : Dow Jones
Singapore shares tread water Monday amid tepid regional markets, as investors hold out for cues from a series of economic data and monetary policy decisions this week.
The 30-share STI adds just 2.74 points to end at 3203.94, though this still snaps its recent two-session slide. ...
" This will be a week packed with important U.S. releases and central bank policy decisions from Australia, the U.K. and Europe," says UOB. In Asia, " the docket turns heavy towards the end of the week when China starts to release its October economic data starting from Friday."
Volume is higher at 2.34 billion shares worth S$740.2 million, compared to 2.17 billion shares worth S$870.9 million. Decliners beat gainers 241 to 172.
Commodities stocks performed tepidly, with Golden Agri-Resources falling 2.5% to S$0.575 to become the largest loser on the STI. Wilmar (F34.SG) loses 1.5% to S$3.40, Noble Group (N21.SG) is flat at S$0.990, while Olam (O32.SG) is flat at S$1.495.
Banks are mixed, with OCBC (O39.SG) up 1% at S$10.46, DBS Group (D05.SG) rising 0.5% at S$16.77, while UOB (U11.SG) rose 0.1% to S$20.78.
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Wa lau A... up down up down....
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After lunch..........ja pa liao,,,,,,,,,,2nd wave........chiong arh............
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Singapore Press Holdings ST: the RSI is overbought
The configuration is positive.
Our pivot point stands at 4.18. Our preference: the upside prevails as long as 4.18 is support. Alternative scenario: below 4.18, expect 4.1 and 4.06. Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectivel 
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CapitaMalls Asia ST: the upside prevails as long as 1.98 is support
Alternative scenario: the downside breakout of 1.98 would call for 1.94 and 1.91.
1.98 is our pivot point. Our preference: the upside prevails as long as 1.98 is support. Alternative scenario: the downside breakout of 1.98 would call for 1.94 and 1.91. Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 2 and 1.94). Supports and resistances: 2.16 * 2.13 ** 2.11 2.03 last 2 1.98 ** 1.94 * Copyright 1999 - 2013 TRADING CE 
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It?s all about debt
Proactive capital and risk management has allowed CIT to be in a stronger position than before. Given its robust balance sheet,we believe CIT is wellpositioned to make acquisitions when the opportunity arises while continuingto grow through AEIs.
3Q13 results were largely in line with our and consensus estimates. 3Q13 DPU accounted for 24% of our FY13 forecast, with 9M13 DPU meeting 72%. We tweak our model to account for the slightly weaker than expected results and roll over our valuations to FY15. In view of the strong balance sheet, we upgrade our rating from Neutral to Outperform with a higher DDM-based (discount rate: 8.3%) target price of S$0.79.
Proactive management
3Q13 DPU was up 3.9% yoy, mainly the result of additional rental income contribution from the four acquisitions completed earlier this year. During this quarter, portfolio occupancy remained high at 97%. Recently, CIT refinanced S$250m of debt facilities maturing in 1H14 and, in the process, lowered the trust?s borrowing cost to c.3.9%. During this process, S$81.3m from the proceeds from various divested properties, including 63 Hillview Avenue, was used to retire part of the S$208m term loan due in 1H14 while the remaining S$100m was refinanced to June 2016. By doing so, CIT?s gearing was reduced to a healthy 27.9% (vs. 35.8% in 2Q13) with no refinancing needs till 2015.
Capital efficiently used
By retiring some of its debt, we estimate CIT saves c.S$3.3m p.a. in terms of interest expenses. Interestingly, this is more yield-enhancing than owning 63 Hillview, which was only giving a yield of 2.3% vs. the all-in interest cost of c.4.0% CIT was paying. All-in interest cost post re-financing is reduced to 3.9%.
Upgrade to Outperform
Although the acquisition market remains challenging, we believe a strong balance sheet will allow CIT to be well positioned to make any acquisitions/AEIs when opportunity knocks. In addition, the long debt expiry profile, together with c.86% of debt under a fixed rate, will allow it to weather any hikes in interest rates.
CIMB
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Huat arh.......
Cheers ( Date: 04-Nov-2013 10:41) Posted:
4/11/13 Trading central: sph
Short term : rise
mid term: bullish
❤ ️ stocks that love you back.😄
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Now Your turn to run.......
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http://www.youtube.com/watch?v=0mc93s7EL_E
Rosesyrup ( Date: 04-Nov-2013 09:12) Posted:
| Eh Lion wake up and run already leh. Everyone's running. |
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Wow! Skyone..... Shoot to the sky !!
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99% no profit guidance liao..........Qter results to be released on 6 Nov.
Hope Vard today can break 0.90. Huat arh..........
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Haha..... Good ! I will hoot more then.....
coolsan ( Date: 03-Nov-2013 15:12) Posted:
| i think will go down to $2... |
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I tot that it's the CK (always on air one) at UOBKH...... Haha.........
ruready ( Date: 30-Oct-2013 13:12) Posted:
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Time: 4:48PM
Exchange: SGX
Stock: OUE Ltd(LJ3)
Signal: Support - Broken with High Volume
Last Done: $2.38
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See today ZB Now ( Pg 2)..... pang sai also can Huat ........ Hahaha..
Luna69 ( Date: 01-Nov-2013 23:10) Posted:
Bro u pang sai also can Huat ar !! Hehe... Congrats to u!!!
Stockcham ( Date: 01-Nov-2013 22:57) Posted:
Hope everyone huat big big today.
Imho, the selling for the pennies was overdone just like the steak which is chao tar. I would see that the pennies will start recovering from now. Of course price cannot go up up up. It's likely to trend higher n then drop a bit due to profit taking. BBs also loss a lot n they also want to take this good market sentiment to char charn make back their losses. If have money to pick up, I think can starts to choose good nbattered ccounters to keep for a while. I would see next week will be show time for the 3 si lang counters n those counters like chasen, innopac. I will likely jeep one of the si lang counters next week. My broking firm got no curb on all those si lang counters. Btw, today I bought some Sysma try try. Hope can huat! Even though I'm not in sin, I cannot missed this recovery opportunity. Today I bought my sky one when I'm in the toilet pang sai....haha! good luck!
Huat ah! |
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WanSiTong ( Date: 02-Nov-2013 15:34) Posted:
Nice!!
Falcon ( Date: 01-Nov-2013 17:40) Posted:
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Bro Wendel resurrected, I thought You were huating all the time? Sorry to hear that Bro, many of us kena, its just whether bad or badly. Congrats on your mirach. Now we will not buy recklessly with this lesson. Wah, all change name ah? New name with new resolution, huat ah! Maybe I shud change my nick too, to flamingo, Lol. Tgif |
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