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| 05-Feb-2013 09:43 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Majority of investors are still fearful. But this is a good thing. | ||||
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| 05-Feb-2013 09:41 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Market consolidation at the moment, more upside to come money come. | ||||
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| 04-Feb-2013 23:24 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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STI has entered a new era of bull-run. | ||||
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| 04-Feb-2013 15:15 |
Ezra
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Ezra
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Ezra is sailing towards $1.515. | ||||
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| 04-Feb-2013 14:34 |
Ezra
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Ezra
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It is on course for the longest rally. Cheers! | ||||
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| 04-Feb-2013 13:44 |
Yoma Strategic
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Yoma
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No surprises in 3QFY13 earnings Yoma Strategic Holdings (Yoma) reported 3QFY13 PATMI of S$3.7m, increasing by S$2.3m YoY mostly due to higher sales of residences and land development rights. This brings 9MFY13 PATMI to S$1.9m, which is mostly in line with our expectations but below consensus estimates. Topline for the quarter came in at S$13.0m, up 32.1% YoY, again driven by stronger property sales. Yoma reports that residential sales during the quarter increased by more than three times YoY, and is mainly attributable to multiple projects in Pun Hlaing Golf Estate (Ivory Court Residences II, Bamboo Grove Garden Villa, Lakeview Apartments) and also apartments in Star City. Myanmar outlook stays firm The macro outlook in Myanmar continues to be positive. Last Sunday, the World Bank announced a deal that would allow Myanmar to clear its outstanding debt to the World Bank and the Asian Development Bank, totaling about US$900m, which would allow new lending for the infrastructure growth, including electricity and ports. We also look forward to Yoma’s anticipated general meeting to approve the acquisition of the central Yangon site the proposed 1-for-4 rights issue at S$0.38 per share is conditional on this approval. Most positives priced in – downgrade to SELL Over the period in 2012 when we initiated coverage and maintained a buy rating on the company, the share price had appreciated a whopping 47% in five weeks. However, at current price levels, while we acknowledge that the company holds meaningful franchise value as a leading developer in Myanmar, we see most positives to be already priced in, even under our most optimistic assumptions. We downgrade our rating on the company to a SELL based on a 12- month fair value estimate of S$0.71 (20% premium to RNAV), but caution that the anticipated 1-for-4 rights issue ahead would likely be supportive of the share price over the nearer term. Note that our fair value estimate is a considerable 35% above the S$0.525 per share paid by major investors who bought into the 192.9m-share private placement just two months ago. (OIR)
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| 04-Feb-2013 10:26 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Shortists are wekcomed to short the market now. | ||||
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| 04-Feb-2013 07:36 |
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STI to cross 3000 boosted by long-term investors
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Enjoy...
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| 03-Feb-2013 20:13 |
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STI to cross 3000 boosted by long-term investors
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BBs welcome sellers and short-sellers. Can try if don't believe. | ||||
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| 03-Feb-2013 18:09 |
Dyna-Mac
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Dyna-Mac Holdings
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Dyna-Mac has very good base formation. I only see accumulation after accumulation and still unable to see investors selling. It is going to have one of its best rally. | ||||
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| 03-Feb-2013 17:56 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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U.S. Mutual Funds Reaping Record Deposits as Markets Rise
Feb. 2 (Bloomberg) -- Individual investors rushed into stocks and bonds in January, setting the stage for the biggest month on record for deposits into U.S. mutual funds. Long-term funds, which exclude money-market vehicles, attracted $64.8 billion in the first three weeks of the month, according to the Washington-based Investment Company Institute. The previous record was $52.6 billion for all of May 2009, according to the ICI, whose data go back to 1984. U.S. Mutual Funds Reaping Record Investor Cash as Markets Rally Signs of improvement in the U.S. economy and a rising stock market that pushed the Dow Jones Industrial Average above 14,000 yesterday for the first time since 2007 have prompted Americans to step up their investments. Equity mutual funds gathered $29.9 billion in January’s first three weeks, more than for any full month since 2006. “People have decided that the omens are really not that bad so they are taking a fresh look at riskier asset classes,” Cameron Brandt, research director at Cambridge, Massachusetts- based EPFR Global, said in telephone interview. The firm tracks flows into mutual funds worldwide. Hiring climbed in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress. Payrolls rose 157,000 after a revised 196,000 advance in the prior month and a 247,000 surge in November, Labor Department figures showed yesterday in Washington. Economic Improvement Manufacturing in the U.S. expanded more than forecast in January, reaching a nine-month high and showing the industry is starting to perk up, data from the Institute for Supply Management showed yesterday. “As economic life across America slowly improves, stock funds will increase too,” Avi Nachmany, director of research at New York-based research firm Strategic Insight, wrote this week in a report. Mutual-fund deposits may exceed $90 billion in January when final data are available, according to estimates by Strategic Insight. Investors may also have been encouraged by the compromise struck by the U.S. Congress at the start of the year to avoid more than $600 billion in scheduled tax increases and spending cuts that could have damaged the economy. “When we got beyond the fiscal cliff it unlocked a lot of money,” David Kelly, chief global strategist for New York-based JPMorgan Funds, said in a telephone interview. “That was a big risk that was removed.” The unit of JPMorgan Chase & Co. manages $367 billion. S&P Gains The Standard & Poor’s 500 Index, a benchmark for large U.S. stocks, gained 6.1 percent this year after advancing 13 percent in 2012. The 20-member S&P index of custody banks and asset managers is up 11 percent in 2013. Asset-management firms have noticed the change in investor behavior. “In January people have moved back into equities,” James Kennedy, chief executive officer of Baltimore-based T. Rowe Price Group Inc., said in a Jan. 29 interview. “It is true for the industry and it is true for us.” The firm’s mutual funds suffered redemptions in December as customers waited for U.S. political leaders to strike a budget deal, Kennedy said. T. Rowe Price oversaw $577 billion as of Dec. 31. At Invesco Ltd., the owner of Invesco, Van Kampen and PowerShares funds, sales of equity products in January were running 50 percent higher than in the fourth quarter, Chief Financial Officer Loren Starr said this week in an interview. ‘Extraordinary Month’ “January has been an extraordinary month in terms of flows coming back into a whole range of products,” Starr said. Atlanta-based Invesco has $688 billion under management. Franklin Resources Inc., manager of the Franklin and Templeton mutual funds, reported yesterday that investors pulled $6.4 billion from its stock funds in the fourth quarter. “As U.S. equity flows come back we would expect to see, like many, a stronger number this quarter,” CEO Gregory Johnson said on a conference call. San Mateo, California-based Franklin manages assets of $782 billion. Money flowed into both international and domestic stock funds in the first three weeks of last month, according to the ICI, whose data for the fourth week will be released Feb. 6. Domestic equity funds suffered redemptions for the past six years as clients piled into fixed income, ICI data show. Stock funds last attracted more money in March 2006, when they drew $33.1 billion. In February 2000, just ahead of the collapse of technology stocks, equity funds won a record $56.3 billion, according to ICI data. Clients contributed $28.1 billion to bond funds in the first three weeks of January, according to the ICI, even as money managers such as Dan Fuss of Loomis Sayles & Co. warned that rising interest rates could hurt bond performance. “For heaven’s sakes, don’t go out and borrow money to buy bonds right now,” Fuss said this week in an interview. Fuss, who oversees $66 billion, called the fixed-income market more “overbought” than at any time in his 55-year career. |
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| 03-Feb-2013 14:20 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Traders and money managers posit that after many years of investor caution, significant institutional money hasn't yet been reallocated from bonds to stocks in a meaningful way, and that an even stronger Dow rally will take off if that happens.
CNBC |
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| 03-Feb-2013 14:17 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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" The market has gone up with people being under-invested," Blankfein told " Squawk Box," adding that investors should want the market to go down " so they can get in." | ||||
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| 03-Feb-2013 12:05 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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The U.S. economic environment is " very good" and the stock market's rally to multi-year highs has more room to go, saidGoldman Sachs Chairman and CEO Lloyd Blankfein in a CNBC interview on Friday from the World Economic Forum in Davos, Switzerland.
(Read More: Davos 2013 Special Report) " The market has gone up with people being under-invested," Blankfein told " Squawk Box," adding that investors should want the market to go down " so they can get in." He said that people have reason to be optimistic. " In a lot of ways, the worst case scenario [in Europe] is taken off the table … There is a lot of relief that the Euro isn't going to collapse." " [But The place that is in a much better position right now is the United States." As for how long interest rates will remain low in the U.S., Blankfein said, " The turn in interest rates … it won't necessarily happen when the Fed changes interest rate policy. It'll be when the market decides the Fed will have to change interest rate policy." He added that could happen sooner than the official shift by the central bank. |
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| 03-Feb-2013 10:07 |
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STI to cross 3000 boosted by long-term investors
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Big Money Managers Riding the Dow Rally
CNBC.com | February 01, 2013 | 04:20 PM EST Long before the Dow [ .DJI 14009.79 +149.21 (+1.08%) ] hit 14,000, a number of big money managers predicted the rally—and have ridden it to handsome returns. Hedge funds like Omega Advisors, Jana Partners, and Third Point have all been long certain equities in recent months, said investors and people familiar with their strategies, and have been buoyed by the market's climb. (Read More: Dow Breaks 14,000 Finally What's Next for Market.) "Equities generally are the place to be," said Omega chief executive Cooperman in a CNBC interview last October, echoing a notion he'd espoused for a number of months. "We have plenty we think are still attractive." So attractive, in fact, that his offshore fund finished the year up nearly 30 percent, according to investors and someone familiar with the performance, and is up another 5 or so percent year-to-date through January. Jana and Third Point, which describe themselves as event-driven funds and look for long-term stock buys, also benefited from the stock-market momentum. For 2012, said people familiar with their results, both companies saw upside of about 21 percent in their flagships. For this year through January, they are up about 5 percent, these people add. (That said, a recent downturn in Constellation Brands, of which Third Point is reportedly a big holder, could potentially put a dent in its 2013 numbers. A spokeswoman declined to comment.) The bigger question now is whether the U.S. markets can sustain such lofty levels. In a research note to investors, Merrill Lynch strategist Michael Hartnett reportedly warned of a potential correction, and large money managers are warning of near-term choppiness. (Read More: Money Pouring Into Stocks 'Is Usually a Negative Sign'.) "The market will continue to be volatile," said Daniel Gamba, who heads BlackRock's institutional iShares exchange-traded funds business. "Some of the macro risks that have not been fixed … as well as some of the banking issues in Europe" could inject "some volatility into the flows," he added, "which means we see some correction." He said to look for volatility in particularly in emerging markets, where both stocks and sovereign debt have been popular investments of late. Cash has been moving from the sidelines and into stocks, asset managers and bank executives said. Last month was the best January ever for global ETFs, which saw $42 in inflows at the same time, equity-fund inflows for the week that just ended of nearly $19 billion were the third-highest ever, according to Merrill's Hartnett. (Read More: Even Dow 14,000 Won't Lure Many Off Sidelines.) But traders and money managers posit that after many years of investor caution, significant institutional money hasn't yet been reallocated from bonds to stocks in a meaningful way, and that an even stronger Dow rally will take off if that happens. |
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| 03-Feb-2013 09:50 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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“We’ve gotten a lot more clarity on important things that we didn’t have a short while ago, as it relates to the U.S. economy, the fiscal cliff, the debt ceiling, fourth-quarter earnings,” Tanious said. “As you continue to peel away that uncertainty and markets become more comfortable, you create an environment where risk assets can do quite well.”
Bloomberg |
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| 03-Feb-2013 09:48 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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“The January jobs data came in line with expectations but the revisions were really the silver lining,” Joseph Tanious, a New York-based global market strategist for JPMorgan Funds, which oversees $400 billion, said in a telephone interview. “There were fairly meaningful revisions to the prior months, suggesting that the labor market is in fact continuing to heal. That reinforces the belief that the U.S. economy is growing.”
Bloomberg |
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| 03-Feb-2013 09:32 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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China’s Non-Manufacturing PMI Rises to 56.2 in January
Feb. 3 (Bloomberg) -- China’s services industries expanded at a faster pace in January, an official survey showed. The non-manufacturing Purchasing Managers’ Index rose to 56.2 in January from 56.1 in December, the Beijing-based National Bureau of Statistics and China Federation of Logistics & Purchasing said in a statement today. A reading above 50 indicates expansion. The contribution of services to the economy has grown over the past decade as rising incomes have spurred demand for televisions, housing, mobile phones and travel. Almost 36 percent of the working population was employed in such industries in 2011, up from 31.3 percent in 2005, government data show. Services industries accounted for 45 percent of gross domestic product last year, Ma Jiantang, head of the statistics bureau, said on Jan. 18, up from 41 percent in 2003. The government is seeking to increase the share to 47 percent by 2015. The Shanghai Composite Index advanced for a fifth day on Feb. 1, capping the benchmark gauge’s best weekly gain since October 2011, after the federation’s manufacturing PMI and a private survey from HSBC Holdings Plc and Markit Economics showed expansion. |
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| 02-Feb-2013 17:07 |
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STI to cross 3000 boosted by long-term investors
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Short-sellers provide liquidity in the markets to propel the stocks higher at current market conditions. | ||||
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| 02-Feb-2013 15:59 |
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Treasury 10- and 30-year yields rose to the highest since April after data on payrolls, consumer confidence and manufacturing added to signs the U.S. economic recovery is gathering momentum.
Source: Bloomberg |
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