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U.S. Stocks Rise as Investors See Limited Shutdown Impact

By Alex Barinka & Aubrey Pringle - Oct 2, 2013 4:42 AM GMT+0800

U.S. stocks rose, after the Standard & Poor?s 500 Index fell to a three-week low yesterday, as investors speculated that the economic effects of the first partial government shutdown in 17 years would be limited.

The S& P 500 rose 0.8 percent to 1,695 at 4 p.m. in New York, after falling yesterday for the seventh time in the past eight sessions. The Dow Jones Industrial Average added 62 points, or 0.4 percent, to 15,191.70. About 6.3 billion shares changed hands on U.S. exchanges, or 9.3 percent more than the the three-month average.

?We have gone through this before, it?s not too surprising that investors aren?t frightened by it,?Bruce Bittles, chief investment strategist at RW Baird & Co., said by phone from Sarasota, Florida. His firm oversees $100 billion. ?The selling pressure lifted, and that has encouraged a lot of buyers here looking into buying the dip.?

The benchmark equity gauge slid 0.6 percent yesterday, bringing its retreat from a Sept. 18 record to 2.6 percent, as lawmakers in Washington failed to agree on a federal budget.

The resulting shutdown will put as many as 800,000 federal employees out of work temporarily and cost the U.S. at least $300 million a day in lost output at first, according to IHS Inc. That compares with the country?s $15.7 trillion economy.

The standoff may be a buying opportunity for stock investors, if history is any guide. The S& P 500 has risen 11 percent on average in the 12 months following past government shutdowns, according to data compiled by Bloomberg on instances since 1976. That compares with an average return of 9 percent over 12 months.

Borrowing Limit

Congress also faces a dispute over raising the $16.7 trillion debt ceiling this month. The Treasury has said measures to avoid exceeding the borrowing limit will be exhausted on Oct. 17. The U.S. won?t have enough money to pay all of its bills at some point between Oct. 22 and Oct. 31, according to the Congressional Budget Office. Failure to increase the limit could lead to a downgrade of the government?s credit rating.

?The bigger concern that the market has had over the past few days of trading has been the debt ceiling deadline,? Wasif Latif, the San Antonio-based vice president of equity investments at USAA Investments, said by telephone. His firm oversees $57 billion. ?The Fed is seen as a support or provider of the liquidity of the market. If this gets prolonged or there is a bigger issue, there is the outlook that the Fed may come in and do more or provide that support.?

The S& P 500 added 3 percent last month as the Federal Reserve unexpectedly refrained from reducing its $85 billion in monthly asset purchases. The gauge gained 4.7 percent in the third quarter. Three rounds of central-bank stimulus and better-than-forecast corporate earnings have pushed the S& P 500 up as much as 155 percent from a March 2009 low.

Data Delay

Investors have been scrutinizing economic reports to gauge whether growth is robust enough for the Fed to begin curtailing its stimulus at its next meeting this month.

The shutdown will halt federal agency reports on the economy. A Commerce Department report on construction spending due today won?t be released as scheduled and the Labor Department won?t publish its closely watched monthly employment report on Oct. 4 if the government remains closed.

Data today from the privately run Institute for Supply Management showed U.S. manufacturing expanded in September at a faster pace than forecast, indicating U.S. factories will provide a bigger boost to the expansion.

Earnings at S& P 500 companies grew 1.8 percent last quarter, projections compiled by Bloomberg show. Alcoa Inc., Yum! Brands Inc. and Safeway Inc. are among the 316 companies in the gauge scheduled to report in October. Analysts? forecasts show earnings will increase at the fastest pace in two years during the fourth quarter.

The Chicago Board Options Exchange Volatility Index, or VIX, slipped 6.4 percent to 15.54 today, halting a three-day advance. The equity volatility gauge is down 14 percent this year.

All 10 main S& P 500 groups climbed more than 0.3 percent today, with health-care companies rising 1.3 percent to lead advances.

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02-Oct-2013 06:17

Straits Times Index / STI to cross 3000 boosted by long-term investors

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World Markets

North and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 2.86% while Brazil's Bovespa is up 1.61% and U.S.'s S& P 500 is up 0.80%.

North and South American Indexes

Index	Country	Change	% Change	Level	Last Update
Dow Jones Industrial Average	United States	+62.03	+0.41%	15,191.70	4:37pm ET
S& P 500 Index	United States	+13.45	+0.80%	1,695.00	4:37pm ET
Brazil Bovespa Stock Index	Brazil	+841.27	+1.61%	53,179.46	6:00pm ET
Canada S& P/TSX 60	Canada	+3.99	+0.54%	736.88	4:19pm ET
Santiago Index IPSA	Chile	+26.98	+0.83%	3,274.06	3:17pm ET
IPC	Mexico	+1,150.04	+2.86%	41,335.27	4:06pm ET

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01-Oct-2013 22:30

Others / Thought of the Moment

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我猜 ............是不是长百山 ? (取长命百岁 )............哈哈哈 ...........

Winson ( Date: 01-Oct-2013 22:10) Posted:

哦，是那座山呢？？？？

哈哈，我想好多人都会抢着去买。。。

Peter_Pan ( Date: 01-Oct-2013 21:17) Posted:

吃了可以长命百岁 !! 要上山才买得到

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01-Oct-2013 16:01

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Government Shutdown Begins as Deadlocked Congress Flails

By Roxana Tiron, Richard Rubin & Kathleen Hunter - Oct 1, 2013 2:21 PM GMT+0800

The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to break a partisan deadlock by a midnight deadline.

Congressional leaders have scheduled no further negotiations on spending legislation, raising concerns among some lawmakers that the shutdown could bleed into the more consequential fight over how to raise the U.S. debt limit to avoid a first-ever default after Oct. 17.

Chances of a last-minute deal -- seen so often in past fiscal fights -- evaporated shortly before midnight as the House stood firm on its call to delay major parts of President Barack Obama?s health-care law for a year. Senate Democrats were equally firm in refusing to concede and planned a morning vote to reject the House?s call for formal talks.

?It is embarrassing that these people who were elected to represent the country are representing the Tea Party,? Senate Majority Leader Harry Reid, a Nevada Democrat, said after midnight. ?This is an unnecessary blow to America.?

House Speaker John Boehner, speaking after 1 a.m. in Washington, called on Senate Democrats to come to the negotiating table.

?Let?s resolve our differences,? Boehner, an Ohio Republican told reporters. ?The House has voted to keep the government open, but we also want basic fairness for all Americans under Obamacare.?

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01-Oct-2013 10:33

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Market Recap

The major indices managed to hold on to monthly and quarterly gains despite Monday?s losses.

All but two Dow components fell, and the index gained 2.2% in Sep and 1.5% for the quarter. Consumer staples and energy led declines for the S& P 500, which gained 3% for the month and 4.7% for the quarter. The NASDAQ Composite was the best performer, gaining 5.1% for Sep and almost 11% for the quarter. NYSE composite volume reached 3.3b (3b previously)....

WTI Crude for Nov shed 54 cents, or 0.5%, to end at US$102.33/barrel while Nov Brent lost 26 cents, or 0.2%, to settle at US$108.37/barrel. For the month, both WTI and Brent lost 5%, and for the quarter, both gained 6%.

Gold for Dec delivery fell US$12.20, or 0.9%, to end at US$1,327/ounce and Dec Silver lost 12 cents, or 0.6%, to end at US$21.71/ounce. Gold (-5% in Sep +8.4% qtr) Silver (-7.7% in Sep +11.5% qtr).

Implications for Singapore

The further pull-back on Wall Street overnight is likely to keep the local bourse on the back-foot this morning.

After plunging nearly 1.3% yesterday, the STI is now poised to correct further towards the 3130 resistance-turned-support next.

And with the MACD converging bearishly towards its signal line as well, this suggests that the downside momentum could be building up.

Below the 3130 initial base, we see the subsequent support at the 3070 resistance-turned-support. On the upside, 3180 is now the newly established support-turned-resistance, with the next obstacle pegged at the 3270 key peaks.

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01-Oct-2013 10:30

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Oct. 1 (Bloomberg) -- Singapore?s Straits Times Index rises
0.9% to 3,195.86 as of 10:12 a.m. local time. More than four
shares rose for each that fell on the 30-member gauge.

Gainers:...
* Ezion +3.2%, rebounding after slumping 7.2% yday DBS
Vickers reiterated its buy rating, saying its proposed share
swap with Ocean Sky is a positive long-term development DMG
& Partners also kept its buy rating
* United Overseas Bank +2%, Jardine Strategic +1.8% and
Jardine Matheson +1.7%: biggest gainers on STI
* Wilmar +1.6% UOB Kay-Hian reiterates its buy rating, saying
the co.?s sugar division will post stronger earnings
* Indofood Agri Resources +0.6% co. establishes S$500m euro
medium-term note program net proceeds from issue of notes
under program to be used for working capital or general
corporate purposes

Decliners:
* Rowsley -41%, heading for biggest drop on record shares
start trading today ex-entitlement to proposed bonus issue
* Jardine Cycle -1.6% and Olam -1.6%: biggest decliners on STI
* Noble Group -1.1% OCBC Investment Research maintains sell
rating, saying its agriculture business remains a drag on
co.?s profitabilitySee More

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01-Oct-2013 08:14

OUE / OUE LTD worth buying for long term

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Overseas Union Enterprise- Yet another special dividend in sight.
(OUE SP/BUY/S$2.59/Target: S$3.57)
FY13F PE (x): 33.1
FY14F PE (x): 33.8
Commercial REIT in the offing. OUE is exploring the establishment of a
commercial REIT with an initial portfolio that is expected to include OUE
Bayfront and other commercial assets owned by Lippo China Resources.
Yet another special dividend in sight. OUE Bayfront was last valued at
S$1.08b and has a committed occupancy rate of over 95% at an average
rent of over S$10.30 psf pm. Lippo China Resources? commercial property
assets that could potentially constitute the intial portfolio include Lippo
Centre in Hong Kong and the Lippo Plaza in Shanghai. A successful listing
could mean yet another similar special dividend as the Hospitality REIT
(10-20 S cents/share) and a vehicle to realise value for its other
commercial properties in Singapore (6 Shenton Way and Towers One and
Two and One Raffles Place).
Maintain BUY with a reduced target price of S$3.57/share, pegged at 20%

discount to our revised RNAV of S$4.46/share. OUE is trading at a deep

42% discount to its RNAV.

Source: UOBKH

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01-Oct-2013 08:05

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Index Futures Climb as Shutdowm Looms Crude Holds Drop

By Emma O?Brien & Nikolaj Gammeltoft - Oct 1, 2013 7:23 AM GMT+0800

U.S. and Asian index futures rose while crude oil held declines as investors awaited a potential shutdown of America?s government. Global stocks slid yesterday, paring the biggest quarterly jump since the start of 2012.

Standard & Poor?s 500 Index futures added 0.2 percent by 8:22 a.m. in Tokyo, after the measure lost 0.6 percent in the U.S. Contracts on Australia?s S& P/ASX 200 Index climbed 0.1 percent, while Nikkei 225 Stock Average futures were bid at 14,530 in the Osaka pre-market, from 14,460 in Japan and 14,535 in Chicago. The MSCI All Country World Index sank 0.8 percent yesterday. The dollar was steady against major currencies and West Texas Intermediate oil held near an almost three-month low.

With a midnight deadline to keep the U.S. government open approaching, President Barack Obama urged lawmakers to pass a funding bill not tied to his health-care legislation for the sake of the economy. China may say manufacturing growth rose a third month today, after a smaller-than-expected increase in a private factory gauge cast doubt on the strength of the economic rebound. Japan issues data on manufacturing and jobs, while Australia will probably keep interest rates on hold.

?We are at the mercy of whatever develops in Washington,? Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said in an interview. ?An attempt to prevent a shutdown is not totally unexpected, but some agreement will be better than none.?

At Odds

Republicans and Democrats remained at odds over whether to tie any changes to the 2010 Affordable Care Act to a short-term extension of government funding as the deadline loomed. The Senate voted 54-46 yesterday to reject the House of Representatives? latest plan, in a party-line move that puts the pressure back on House Republicans.

Senate Republicans floated extending by one week the funding deadline to avert a shutdown, a proposal rejected by Senate Majority Leader Harry Reid. Democrats urged House Speaker John Boehner to allow a vote on a spending bill without conditions, a move he opposed.

Even if the budget fight is resolved, lawmakers would immediately move to the next fiscal dispute over raising the $16.7 trillion debt ceiling.

Closing the government would cut fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, according to economists from Moody?s Analytics Inc. to Economic Outlook Group LLC. Obama said failing to fund government operations would ?throw a wrench into the gears of the economy,? in comments from the White House.

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01-Oct-2013 08:01

Straits Times Index / STI to cross 3000 boosted by long-term investors

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World Markets

North and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 2.61% while Mexico's IPC is off 1.76% and U.S.'s S& P 500 is lower by 0.60%.

North and South American Indexes

Index	Country	Change	% Change	Level	Last Update
Dow Jones Industrial Average	United States	-128.57	-0.84%	15,129.67	4:44pm ET
S& P 500 Index	United States	-10.20	-0.60%	1,681.55	4:44pm ET
Brazil Bovespa Stock Index	Brazil	-1,400.73	-2.61%	52,338.19	6:02pm ET
Canada S& P/TSX 60	Canada	-3.63	-0.49%	732.89	4:20pm ET
Santiago Index IPSA	Chile	-41.79	-1.27%	3,247.08	3:18pm ET
IPC	Mexico	-718.42	-1.76%	40,185.23	6:06pm ET

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30-Sep-2013 22:12

Others / Thought of the Moment

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30-Sep-2013 17:23

Straits Times Index / STI to cross 3000 boosted by long-term investors

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My Market View
The views expressed here by the contributor does not belong to ShareJunction.

Straits Times Index might be in consolidation ...

Contributed by Jay Chia

30-Sep

Straits Times Index might be in consolidation mode this week.

Last week was a week of retracement for STI as the market started to digest the impact of delaying the tapering. The market brought out another set of worries this time round delaying of tapering might result in deeper deficit in government spending. Many were worried about the impact and chose to flee from the market as sold into strength. Hence, STI started the week with a gap down action which STI failed to rebound beyond it for the next 2 days. On Thursday, STI broke 3200 level and attempted to test its next support at 3180 level which it rebounded off after testing it intraday. This intraday rebound had attracted bargain hunters to enter the market which helped STI to recover back above 3200 level again. For the week, STI was seen dropping 27.35pts and ended at 3210 level. Can STI sustain the rebound this week? Or will STI continues to consolidate downward this week?

Let?s get the directions from the chart.

Trend: Uptrend, 20ma up, MacD above 0

Support: 3200, 3180 (50ma), 3130

Resistance: 3220 (100ma), 3250 (200ma), 3280, 3310

Observations:

Candlestick ?Doji candle.

Histogram ? 5 Rs. No divergence signal.

RSI ? At 72.6%. Overbought but exiting soon. No divergence signal.

Stochastic ? At 28.1%. Bullish crossover formed.

Bollinger Band ? Price between mid and upper band. Band still expanding.

Conclusion:

After strong bullish movement from previous week, STI is now able to have a proper retracement to further confirm its uptrend movement. Gap covering action was seen last week as STI managed to retraced back to the gap support between 3204 ? 3241 levels. This gap support was seen holding firmly at first but this support was broken on Thursday which indicates that STI is not going to form a higher low formation at 3200 level. However, its hammer like candle that was formed on Thursday could indicate that STI might be attempting to form its higher low at 3180 level. Although the bullish reversal might have been confirmed based on Friday?s price action, the doji candle indicates an unconvincing confirmation. Hence, STI could still be in consolidation mode before a clear higher low is formed.

Despite weak movements by STI last week, the mid-term indicators are now showing clear bullish momentum. The 20ma line is now clearly gaining upside momentum while the MacD line continues to stay above 0 level. This bullish mid-term momentum will likely to help STI to maintain its support strength. The short-term indicators on the other hand are showing the other side of the coin. The histogram continues to show bearishness while Stochastic is still on the bearish side. However, the short-term bearish momentum seems to be weakening as Stochastic starts to form a bullish crossover. Surprisingly, the RSI still remains in the overbought region which might cap any rebound currently. Hence, STI might continue to experience attempts of rebound at its support levels while upside could be capped.

It is hard to determine how STI will react this week when there is a mixed result from studying the indicators. Hence, both scenarios should be assumed to be happening this week. First, if STI is unable to continue its rebound this week, it will indicate that STI is facing resistance from its 100ma and 3220 level. This will mean that 3220 will be capping STI?s upside for this week which might force a retracement to happen again for STI. If STI starts to break 3200 support level, it will mean that STI will be retracing back to 3180 support level to test it again. This time round, testing this 3180 support level will further confirm whether this support will be a strong support or not.

The other likely scenario that might happen is STI breaking its 3220 resistance level. If this happens, it will mean that STI had confirmed its higher low formation and STI will be continuing its uptrend moment. However, its upside strength will not be a smooth journey as it will first face 200ma resistance at 3240 level and its recent high resistance at 3250 level. This 2 resistance levels will be the upside target for STI to achieve after breaking 3220 resistance level.

In conclusion, STI might be ready to continue its uptrend momentum yet. It will likely to be seen trading between a range of 3180 to 3220 level this week as a consolidative move in order to form a good support base for upside movement in the later stage. Hence, STI will either retrace to test 3180 support level again or being capped by 3220 resistance level. Confirmation of continuation of uptrend movement for STI will happen only after breaking 3220 resistance level. If STI is able to break 3220 resistance level, its upside might be limited by either 3240 or 3250 resistance level. Therefore, it will likely to be a tough week for STI.

What to watch out for this week:

1) Testing of 3180 support level

2) Testing of 3220 resistance level

3) Breaking of 3220 resistance level

Trading strategy to adapt right now:

- Long traders can still consider long positions.

- Shortists might want to stay sidelines for the momentum.

This market analysis is part of the advisory services that is provided to Jay Chia?s clients. If you would like to find out on what other advisory services Jay Chia provides, please visit www.Jay-Chia.com. You can also contact Jay Chia through the website.

Feel free to join Jay Chia?s ?Market Talk Coffee Talk? sessions every bi-weekly. Click here for more details for the FREE session.

*Disclaimer:

This analysis is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to purchase or sell the product mentioned. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of you acting based on this information. Investments are subject to investment risks.

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30-Sep-2013 17:10

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Stocks: Government shutdown threat looms

NEW YORK (CNNMoney)

When markets open Monday, it's entirely possible the U.S. government won't open the next day.

The threat of a government shutdown starting on Tuesday appeared more real as the clock ticked and Congress remained split on the contents of a temporary spending measure.

At risk is Friday's release of the monthly jobs report, one of the most-widely watched pieces of economic data.

Bureau of Labor Statistics' commissioner Erica Groshen has indicated that it might not be possible to release the data, because the agency will " suspend all operations" during a shutdown and its " staff will be furloughed."

She said all surveys will " cease" and the " website will not be updated."

Investors will have to deal with more uncertainty and " fewer guide posts" on the economy, said Jack Ablin, chief investment officer at Harris Private Bank.

Uncertainty over the shutdown cast a pall over markets last week, pushing the Dow Jones Industrial Average and the S& P 500 down over 1% for the week. It was the first losing week of the month for both indexes, which had recently hit record highs. The Nasdaq managed a slight gain.

Related: Fear & Greed Index

Private jobs data: Investors will have to whet their appetite on the state of U.S. employment via private researchers such as payroll processor ADP's report on Wednesday, followed by the Challenger job cuts report on Thursday.

The government's September employment report, if it is released on Friday, is expected to show a gain of 180,000 jobs in the month. Economists surveyed by Briefing expect the unemployment rate to hold steady at 7.3%.

Other economic reports: Other government reports are also in jeopardy in a shutdown. The Commerce Department is scheduled to release reports on construction and factory orders this week. Spokeswoman Sarah Horowitz said the department would not release economic indicators in the event of a shutdown.

Europe: Investors will also get a peek at how the European economy is weathering the austerity measures via the Eurozone unemployment report, due out Tuesday.

Asia: The Hong Kong Stock Exchange will be closed on Tuesday, while the Shanghai Stock Exchange is closed from Tuesday to Friday for a National Day celebration.

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30-Sep-2013 17:00

Straits Times Index / STI to cross 3000 boosted by long-term investors

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U.S. Stock-Index Futures Slump on Impending Shutdown

U.S. stock-index futures slumped for a second day and Treasuries rose as politicians clashed over the federal budget, threatening a U.S. government shutdown starting tomorrow.

Standard & Poor?s 500 Index futures expiring in December dropped 0.7 percent to 1,675.20 as of 6:42 a.m. in London, heading for the lowest close in three weeks. U.S. 10-year yields fell three basis points, or 0.03 percentage point, to 2.60 percent, Bloomberg Bond Trader data show. The 2.5 percent note due in August 2023 rose 7/32, or $2.19 per $1,000 face amount, to 99 5/32 as investors sought the relative safety of debt.

Unless lawmakers resolve their differences by the deadline tomorrow, as many as 800,000 federal employees would be on furlough and national parks and Internal Revenue Service call centers may close. Even if Congress resolves the spending fight, lawmakers would immediately move to the next fiscal dispute over raising the $16.7 trillion debt ceiling.

?If they shut down the government, it?s not good for the economy,? said Ali Jalai, a Singapore-based trader at Scotiabank, a unit of Canada?s Bank of Nova Scotia, one of the 21 primary dealers that trade directly with the Federal Reserve. ?Government bonds are doing better, and I guess stocks are going to do a bit worse. Eventually they?re going to open the government, but there?ll be some damage done.?

The U.S. won?t have enough money to pay all of its bills at some point between Oct. 22 and Oct. 31 without action by Congress, according to the Congressional Budget Office.

Debt Limit

A brief government shutdown won?t lead to any significant change of the Treasury Department?s forecast for when the U.S. will breach the debt limit, a Treasury spokeswoman said yesterday in an e-mail. The Treasury has said measures to avoid exceeding the debt ceiling will be exhausted on Oct. 17.

An economic slowdown may keep the Fed from reducing the bond purchases it uses to support the economy, Scotiabank?s Jalai said. The Fed this month unexpectedly stuck to its $85 billion of Treasury and mortgage purchases a month, with Chairman Ben S. Bernanke saying the job market needs to improve.

The Fed will take the first step in reducing its monthly bond purchases in December, according to 59 percent of 41 economists in a Sept. 18-19 survey.

U.S. employers probably added more jobs in September than the prior month and the jobless rate held at the lowest level since 2008, economists said before a report this week.

Payrolls, Manufacturing

Payrolls rose by 180,000 workers, the most since April, after a 169,000 gain the prior month, according to the median forecast of economists surveyed by Bloomberg News ahead of Labor Department figures on Oct. 4. Manufacturing (NAPMPMI) grew in August at close to the fastest pace in two years, separate data may show tomorrow.

The debt limit is a bigger problem than a federal shutdown, though the U.S. will probably avoid both, Moody?s Investors Service said in a report today.

?Failure to raise the federal debt limit would have greater adverse financial market and economic consequences than a government shutdown because market participants would perceive an increased probability of a sovereign default,? Steven Hess, a senior vice president at Moody?s in New York, wrote in the report.

The S& P 500 Index fell 1.1 percent in the five days ended Sept. 27 for its first weekly decline since Aug. 30. It has returned 5.9 percent this quarter including reinvested dividends, according to data compiled by Bloomberg.

The U.S. stock benchmark has surged 21 percent in 2013. American equities this year climbed above the 2007 peak from before the global financial crisis that led to the collapse of Lehman Brothers Holdings Inc. in 2008.

Essential Operations

Bloomberg?s U.S. Treasury Bond Index (BUSY) was little changed for the quarter. It is down 2.4 percent in 2013, reflecting forecasts for the Fed to start reducing its debt purchases.

In a government shutdown, essential operations and programs with dedicated funding would continue. The move would reduce fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, according to economists at Moody?s Analytics Inc.

?Investors are concerned a U.S. government shutdown may hurt the economy, so they?re becoming more risk averse,? said Toshiyuki Kanayama, a senior market analyst at Monex Securities Inc. in Tokyo.

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30-Sep-2013 16:02

Others / justjoin corner

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I am quite sure that the Co will not sit there do nothing to allow the price to drop below 0.40 or else their previous efforts would all be gone to the drain !? Haha....

justjoin ( Date: 30-Sep-2013 15:11) Posted:

China fish -buy on weakness
Falcon - may test low of 39, weekly and monthly charts is still ok.

novice_trader ( Date: 30-Sep-2013 15:03) Posted:

Bro JJ, any view on china fish? What about falcon energy?

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30-Sep-2013 14:36

YZJ Shipbldg SGD / Cruising with the ship ..Yangzijiang

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hello123 ( Date: 30-Sep-2013 04:17) Posted:

Yangzijiang should rise to 118-120 before reacting down strong

for more details , see http://sgxswinger.blogspot.sg/

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30-Sep-2013 14:12

Ocean Sky Intl / Ocean Sky could be the next multiplier

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In accordance with Rule 14 of the Singapore Code on Take-overs and Mergers (the " Code" ), the Offeror is required, on Completion, to make a mandatory cash offer (the " Offer" ) for all the issued and paid-up ordinary shares in the capital of the Company (the " Shares" ) other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it, in accordance with Section 139 of the Securities and Futures Act, Chapter 289 of Singapore (the " SFA" ) and the Code.

1.2. Pre-Conditional Offer.

acjyyy ( Date: 30-Sep-2013 10:46) Posted:

a subscription agreement dated 30 September 2013 (the ?Introducer Agreement?)
with Mr. Tan Kim Seng (the ?Introducer?), pursuant to which the Company shall allot
and issue to the Introducer 25,000,000 new ordinary shares in the capital of the 3
Company (the ?Introducer Shares?) at an issue price of S$0.108 per Introducer

Share

The $0.108 shares are alloted to Mr Tan Kim Seng, so i don't think will have huge impact on the share price.. imho

WanSiTong ( Date: 30-Sep-2013 10:38) Posted:

3. DETAILS OF THE OFFER

3.1. Terms of the Offer. In accordance with Section 139 of the SFA and Rule 14 of the Code, and subject to the satisfaction of the Conditions Precedent and the occurrence of Completion, the Offeror will on Completion make the Offer for all the Shares other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it (the " Offer Shares" ) on the following basis:

For each Offer Share: S$0.108 in cash (the " Offer Price" ).

The Offeror does not intend to revise the Offer Price.

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30-Sep-2013 13:52

China Med Intl / Time for collection....

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Lessons learnt !

Analysts' reports are not all reliable! Always DYODD ! Huat arh......

seanpent ( Date: 25-Sep-2013 09:29) Posted:

Mr 万事通。。。 this is definitely a good piece of info ..... :)

seanpent ( Date: 24-Sep-2013 14:09) Posted:

Thanks again, Wai Si Tong .....

Noticed the highlighted para ..... very interesting .....

" The stock trades at book (not revalued) and the company has also started its share buy-backs program. 2Q result is due out end of Sept and likely to outperform last year?s by large margin. Stock is trading at ~60% discount to our conservative RNAV ? multi bagger from here, in our view. (Read Report) Related Posts with Thumbnails"

WanSiTong ( Date: 26-Sep-2013 21:41) Posted:

Last para of the below report mentioned that :

" 2Q result is due out end of Sept and likely to outperform last year's by large margin."

Notice that Albedo had released their 1st half 2013 Results on 12-Aug-2013 .

Net loss after tax is $205k.(last yr same period net loss : $ 277K)

seanpent ( Date: 25-Sep-2013 09:29) Posted:

Mr 万事通。。。 this is definitely a good piece of info ..... :

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30-Sep-2013 13:13

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Market Recap

Lack of progress on budget talks led US equities lower on Friday.

The Dow had its first weekly loss in four (-1.3%) as 25 out of 30 components fell. The S& P 500 was dragged lower by the materials sector and it lost 1.1% for the week. The NASDAQ Composite bucked the trend with a 0.2% weekly gain. NYSE composite volume reached 3b (2.8b previously)....

WTI Crude for Nov shed 16 cents, or 0.2%, to end at US$102.87/barrel while Nov Brent lost 58 cents, or 0.5%, to settle at US$108.63/barrel. For the week, WTI and Brent fell 1.8% and 0.5% respectively.

Gold for Dec delivery gained US$15.10, or 1.1%, to end at US$1,339.20/ounce and Dec Silver tracked gold higher by adding 6.5 cents, or 0.3%, to end at US$21.83/ounce. For the week, gold gained 0.5% but silver fell 0.4%.

Implications for Singapore

The retreat on Wall Street last Friday night and the worsening US index futures (down more than 0.5% now) could spook the local bourse to a poor start this morning.

Following five prior sessions of persistent correction, the STI finally initiated a 0.5% rebound in the last session.

But with today?s tone is likely to deteriorate again, we could see the index drifting lower towards the 3180 immediate support again.

Below the 3180 level, the next base lies at the 3130 resistance-turned-support. On the upside, 3270 (key peaks) is now the key obstacle to overcome, with the next hurdle pegged at the 3330 .support-turned-resistanceSee More

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