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Latest Posts By Peter_Pan - Supreme      About Peter_Pan
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08-Feb-2013 10:24 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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China Holiday Sales Seen Gaining as Economy Strengthens

By  Bloomberg News  -  Feb 8, 2013 9:50 AM GMT+0800
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08-Feb-2013 10:05 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 1 		Investors waiting for a pull back so they can put cash in at a lower level are sidelined and frustrated.

   

CNBC 
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08-Feb-2013 10:03 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 1 		Charging Ahead...The Dawn of A New Era
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08-Feb-2013 09:54 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 1 		Fund managers are already buying into equities and continue doing so on a regular basis.
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08-Feb-2013 09:45 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 1 		Big institutional players have already indicated that they will not hesitate to buy the dip.
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08-Feb-2013 09:29 Olam Intl   /   OLAM_OLAM       Go to Message
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x 0 		Olam Interntional - Debt level rising Maintain Sell, TP $1.30 by Maybank-Kim Eng
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08-Feb-2013 09:28 Olam Intl   /   OLAM_OLAM       Go to Message
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x 0 		Olam International- 2QFY13: Rebuilding confidence. Maintain BUY and target price of S$1.98 by UOBKH
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07-Feb-2013 19:21 DBS   /   DBS Results Out       Go to Message
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x 0 		Better days ahead!
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07-Feb-2013 19:14 Midas   /   Midas       Go to Message
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x 0 		Looking forward to Midas securing more contracts soon.
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07-Feb-2013 18:49 Olam Intl   /   OLAM_OLAM       Go to Message
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x 0 		Olam International, the commodity trader targeted by short-seller Carson Block, said second-quarter profit jumped 20% on increased volumes of grains, nuts and industrial raw materials.

Net income was $154.1 million in the three months ended Dec 30, from $128.5 million a year ago, Singapore-based Olam said today in a statement. That compares with the $98 million estimate from Macquarie Group in a Dec. 6 report, and is the highest since the second quarter of fiscal 2010.

This is the first profit report by Olam, the world’s second-largest rice trader, since Block said in November that the company will fail, prompting a share slide. Chief Executive Officer Sunny Verghese, who says the short-seller’s claims are baseless, has been making acquisitions to boost earnings.

Many of Olam’s investments don’t “have any immediate impact, so they are just going to keep saying everything is progressing,” said Vincent Fernando, an analyst at Religare Capital Markets in Singapore who has a a sell rating on the stock, before the earnings announcement.

Olam, partly owned by Singapore’s Temasek Holdings Pte, added 0.6% to $1.635 at the close of trading in Singapore today. The stock lost 27% last year, making it the second-worst performer on the benchmark Straits Times index.

Revenue increased 9.9% to $4.94 billion. Sales volume in metric tons advanced 54% in the quarter.

Biological Assets
The company, also one of the top six cotton traders, today reported a net gain from changes in fair value of biological assets of $22.1 million, compared with $34 million in the quarter a year earlier. Olam’s biological assets include its almond orchards, coffee plantations, dairy cattle, and cotton crops.

Block’s research firm Muddy Waters LLC said in a report on Nov 27 that Olam is “likely to fail” and questioned the way the company bought assets and booked non-cash accounting gains. Block, who said he’s betting against the stock, said Olam is “aggressive’’ is reporting gains on biological assets.

These assertions were made to panic shareholders and to benefit Block’s short positions, Olam said Nov 28. It has filed a lawsuit against the short-seller and his firm for defamation.

Bloomberg
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07-Feb-2013 15:50 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		" Fear is coming off the table and markets are becoming tired of being frightened. As equities risk premium declines, stocks are likely to be the best performing asset class of 2013," he added, saying he is overweight on equities and commodities and neutral on bonds.
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07-Feb-2013 15:48 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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As investors push equities and other risk assets to multi-year highs, one question being raised by analysts is whether upbeat markets are becoming too complacent. Lim Say Boon, chief investment officer at DBS Private Bank in Singapore, says while markets are probably not pricing in long-term structural problems such as huge debt levels in many major economies, the sharp and swift move into stocks this year do not reflect complacency. Instead, the rally in risk assets shows investors are finally taking a step back from high levels of fear and anxiety that ruled last year. In the past three months, shares in the U.S. and Asia have rallied more than 6 percent, while stocks in Europe have gained 4 percent, as fears about U.S. fiscal worries subside and economic data paint a brighter outlook for global growth. It's a sharp contrast to the middle of last year, when a surge in Spanish government bonds yields and worries about a break-up of the euro zone triggered a sharp fall in the euro and equity markets globally.

CNBC 
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07-Feb-2013 15:45 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
x 0
x 1 		Fund managers are already buying into equities and continue doing so on a regular basis.
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07-Feb-2013 14:13 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 1 		Big institutional players have already indicated that they will not hesitate to buy the dip.
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07-Feb-2013 14:06 Golden Agri-Res   /   GoldenAgr       Go to Message
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VEGOILS-Palm oil edges up, stocks seen coming off record highs

* Palm oil stocks likely ease 2.9 pct to 2.55 mln t in Jan 
-poll 
* Palm oil to drop to 2,510 ringgit -technicals 
* Prices rangebound between 2,530-2,566 ringgit 

(Updates prices, adds detail) 
By Chew Yee Kiat 
SINGAPORE, Feb 7 (Reuters) - Malaysian palm oil futures 
edged up on Thursday as investors expect a marginal drop in 
January stocks, although cautious sentiment ahead of the 
upcoming long holiday capped gains. 
Lower production likely helped Malaysian palm oil stocks to 
ease in January from a record-high in the previous month, a 
Reuters survey of five plantation companies showed on Thursday. 
[PALM/POLL] 
Inventory level most likely dropped 2.9 percent to 2.55 
million tonnes in January from December's all-time high, the 
first decline since last June, according to the survey. 
A stronger export demand seen during the last week of 
January may have helped ease stocks and the demand trend could 
stay given palm oil's attractive discount to soybean oil and as 
worries eased over China's stricter quality regulation. 
" Stocks are expected to drop due to exports picking up 
towards end-January," said a dealer with a foreign commodities 
brokerage in Malaysia. 
By the midday break, the benchmark April contract 
on the Bursa Malaysia Derivatives Exchange had gained 0.8 
percent to 2,566 ringgit ($829) per tonne. Prices were 
rangebound between 2,530 and 2,566 ringgit. 
Total traded volumes stood at 15,163 lots of 25 tonnes each, 
slightly higher than the average 12,500 tonnes. 
Technical analysis shows palm oil is expected to fall to 
2,510 ringgit per tonne, as indicated by its wave pattern and a 
Fibonacci retracement analysis, said Reuters market analyst Wang 
Tao. [ID:nL4N0B70XU] 
The Malaysian financial markets will be closed next Monday 
and Tuesday for the Lunar New Year holiday. Industry regulator 
the Malaysian Palm Oil Board will release January inventory and 
output data after the market resumes trading on Wednesday. 
Cargo surveyors Intertek Testing Services and Societe 
Generale de Surveillance will issue export data for Feb. 1-10 
also on Wednesday. [PALM/ITS][PALM/SGS] 
The market will be looking for trading direction from this 
Friday's U.S. Department of Agriculture monthly supply and 
demand reports, which may be bullish for palm oil due to a 
possibly tighter soybean stocks. 
In other markets, Brent crude was steady in a tight range 
under $117 per barrel on Thursday as traders waited for the 
outcome of a European Central Bank meeting and China trade data 
for more evidence the global oil demand outlook was improving. 
[O/R] 
In competing vegetable oil markets, U.S. soyoil for March 
delivery  eased 0.3 percent in early Asian trade. The most 
active September soybean oil contract  on the Dalian 
Commodity Exchange hit a one-week low. 
Palm, soy and crude oil prices at 0528 GMT 
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07-Feb-2013 13:57 Midas   /   Midas       Go to Message
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x 0 		Waiting for upgrading.
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07-Feb-2013 13:35 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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In better shape than when the sub-prime crisis first hit.
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07-Feb-2013 13:33 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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x 0 		The US economy is healing albeit at a slower pace.
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07-Feb-2013 13:24 Dyna-Mac   /   Dyna-Mac Holdings       Go to Message
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x 0 		Wait lor unless you play contra or margin.

Tropical      ( Date: 07-Feb-2013 13:21) Posted:

that'll be after cny lor.

Peter_Pan      ( Date: 07-Feb-2013 10:23) Posted:

Let them finish their accumulation first.
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07-Feb-2013 13:22 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Based on the standard measures, many equity markets look attractive.
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