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Singapore shares weaken, Ezion falls 4 pct: Reuters
Singapore shares logged broad based declines, led by property developer CapitaLand and Thai Beverage, as regional bourses fell on the increasing likelihood of a U.S. government shutdown.
In the broader market, shares in Ezion Holdings lost 3.8 percent after the oilfield services firm proposed a restructuring under which it would inject its marine supply base business into Ocean Sky International Ltd and acquire 45.15 percent of the enlarged share capital of Ocean Sky. ...
The Straits Times Index shed 0.6 percent to 3,190.2, while MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.1 percent.
DBS Vickers Securities said the Singapore benchmark's pullback from its recent high of 3,260 signalled the start of a consolidation band between 3,150 and 3,250. It pegged a year-end target of 3,330 or a valuation of 13.9 times 2014 earnings.
" The year-end objective is on the assumption that the upcoming deadline to raise the US debt ceiling is met and there is little/no net forward earnings downgrade for STI component stocks in the upcoming 3Q results season," it said in a report.
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NAV after the 13c dividend is : 11.62c
Offer price of 10.8c is 7.6% discount to NAV
WanSiTong ( Date: 30-Sep-2013 11:33) Posted:
Pls read carefully this morning SGX Announcement No 35.
Offer price only 10.8c
Trade with care ! Huat arh...........
ruready ( Date: 30-Sep-2013 11:16) Posted:
| Now the good news cannot move the price,,,,,,,,,market is it very tire |
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Pls read carefully this morning SGX Announcement No 35.
Offer price only 10.8c
Trade with care ! Huat arh...........
ruready ( Date: 30-Sep-2013 11:16) Posted:
| Now the good news cannot move the price,,,,,,,,,market is it very tire |
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4. FINANCIAL EVALUATION OF THE OFFER
4.1. Evaluation of the Offer Price. The Offer Price represents a discount over the recent market prices of the Shares. Specifically, the Offer Price represents the following discount:
Benchmark Price(1) |
Discount of Offer Price to the benchmark Price |
(i) |
Last transacted price as quoted on the SGX-ST on 24 September 2013, being the latest date on which the Shares were traded prior to the date of this Announcement |
S$0.379 |
71.50% |
(ii) |
VWAP for the one-week period up to 24 September 2013 |
S$0.354 |
69.47% |
(iii) |
VWAP for the one-month period up to 24 September 2013 |
S$0.323 |
66.56% |
(iv) |
VWAP for the three-month period up to 24 September 2013 |
S$0.310 |
65.16% |
(v) |
VWAP for the six-month period up to 24 September 2013 |
S$0.293 |
63.14% |
(vi) |
VWAP for the twelve-month period up to 24 September 2013 |
S$0.275 |
60.73% |
Note:
(1) The figures set out in this paragraph 4.1 are based on data extracted from Bloomberg.
WanSiTong ( Date: 30-Sep-2013 10:38) Posted:
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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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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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云 烟 姐 ,
祝 你 闭 关 修 練 七 七 四 十 九 天 后 ,功 力 大 增 !練 就 股 市 金 手 指 功 ！
后 会 有 期 (18/11) , 出 关 时 再 见 !
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大 家 一 起 加 油 ！
GorgeousOng ( Date: 28-Sep-2013 22:21) Posted:
万 弟
谢 谢 你 的 提 醒 ！
WanSiTong ( Date: 28-Sep-2013 21:50) Posted:
?秋 风 起 ， 蟹 黄 肥 !
又 是 吃 大 闸 蟹 的 季 节 ！
千 万 别 成 为 股 市 的 大 闸 蟹 !!
大 家 一 起 发 ！ |
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?秋 风 起 ， 蟹 黄 肥 !
又 是 吃 大 闸 蟹 的 季 节 ！
千 万 别 成 为 股 市 的 大 闸 蟹 !!
大 家 一 起 发 ！
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By Anna Kitanaka - Sep 28, 2013 7:49 AM GMT+0800
Asian stocks rose in September, with the benchmark index heading for its biggest gain in three years, as the Federal Reserve unexpectedly maintained stimulus and data signaled China?s economy is strengthening.
Tencent Holdings Ltd., Asia?s biggest Internet company, gained 11 percent in Hong Kong this month to touch a record high. Tokyo Electron Ltd. surged 31 percent after Applied Materials Inc. announced a plan to take over the Tokyo-based company. Acom Co. soared 49 percent, spurring the consumer lender to the biggest gain on the Asian equities index, after a report Japan?s non-bank loans to individuals are picking up.
The MSCI Asia Pacific Index surged 7.5 percent this month through yesterday, the most since September 2010. The gauge rose 0.1 percent this week. The Federal Open Market Committee said on Sept. 18 that it wants more evidence that improvement in the U.S. economy will be sustained before slowing the pace of its $85 billion in monthly asset purchases.
?After the FOMC meeting, investors saw that the Fed was more dovish than they expected, so the rebound was huge,? Grace Tam, a Hong Kong-based global market strategist at JPMorgan Asset Management, which oversees about $1.5 trillion, said in a phone interview. ?People were too bearish on China, and are now starting to feel some relief. If China is doing good, it helps the rest of Asia.?
Profits at China?s industrial companies rose 24 percent in August, data yesterday showed. A preliminary HSBC Holdings Plc and Markit Economics? purchasing managers index for China released on Sept. 23 rose to 51.2, a six-month high.
Regional Benchmarks
Japan?s Topix index gained 10 percent in September, rising for the first month in five, as Tokyo won a bid to host the 2020 Olympic Games. The measure fell 0.1 percent this week.
Australia?s S& P/ASX 200 Index (AS51) gained 3.4 percent this month and climbed 0.6 percent since Sept 20. New Zealand?s NZX 50 Index advanced 5.3 percent in September.
Hong Kong?s Hang Seng Index jumped 6.8 percent this month and China?s Shanghai Composite Index gained 2.9 percent. Singapore?s Straits Times Index rose 6 percent.
The MSCI Asia Pacific Index touched a four-month high on Sept. 23 after the Fed announcement and has jumped 7.6 percent this quarter.
Analysts had predicted a $5 billion reduction in Fed stimulus this month, estimates compiled by Bloomberg show. Tapering may begin later this year should the data confirm the Fed?s ?basic outlook,? Chairman Ben S. Bernanke said.
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U.S. Stocks Fall as Budget-Impasse Concerns Grow
U.S. stocks fell, giving the Standard & Poor?s 500 Index its first weekly drop since August, as concern grew that the budget impasse will hurt economic growth in the world?s largest economy.
The S& P 500 (SPX) fell 0.4 percent to 1,691.75 at 4 p.m. in New York. The Dow Jones Industrial Average lost 70.06 points, or 0.5 percent to 15,258.24. About 5.5 billion shares changed hands on U.S. exchanges, 5.7 percent below the three-month average.
?There is nothing in the economic data I can see that tells me I should worry about a recession,? Sam Wardwell, an investment strategist at Pioneer Investments in Boston, said in a phone interview. His firm oversees about $217 billion. ?A government shutdown would be a fiscal cliff that?s big enough in this case to drive the economy into a recession and I think that the market is increasingly worried about that risk because the risk seems to be rising.?
The S& P 500 dropped six of the past seven sessions, including a 1.1 percent slide this week, amid the Congressional impasse over the budget that threatens to shut down the government. The index rose 0.3 percent yesterday, snapping its longest losing streak this year, after an unexpected drop in jobless-benefit claims.
Budget Showdown
The U.S. Senate voted today to finance the government through Nov. 15 after removing language to choke off funding for the health care law. The bill now returns to the House, setting up a weekend of negotiating and brinkmanship that could continue until spending authority expires on Sept. 30.
Congress must also reach a deal to avoid hitting the limit on the government?s ability to borrow. Treasury Secretary Jacob J. Lew said the extraordinary measures being used to avoid breaching the debt ceiling ?will be exhausted no later than Oct. 17.? Failure to increase the debt cap could lead to a downgrade of the government?s credit rating.
President Barack Obama said that Congress?s failure to approve funding to keep the government open and an increase in the debt ceiling would have a destabilizing effect on the economy.
A federal shutdown would cut fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, economists said. The Office of Management and Budget estimated 30 days of shutdowns in 1995 and 1996 cost more than $1.4 billion, or $2.09 billion in today?s dollars.
Portfolio Rebalancing
Today?s slide trimmed the S& P 500?s third-quarter rally to 5.3 percent. That compared with a 0.7 percent loss in U.S. Treasuries, according to data compiled by Bloomberg and Bank of America Corp. Investors should expect $23.5 billion in selling of equities and buying of bonds as pension fund managers rebalance their portfolios at the end of the third quarter, Ramon Verastegui, head of engineering and strategy at Societe Generale SA in New York, wrote in a Sept. 25 note.
?The momentum isn?t terrible, but has basically been progressively weakening,? Jim Welsh, a market strategist who helps oversee $5.7 billion at Forward Management LLC in San Francisco, said in a phone interview. ?The market is vulnerable to the largest correction so far this year, and it just comes down to what kind of news shows up, whether it turns out to be because of Congress, or whatever.?
Fed Watch
The S& P 500?s biggest retreat in 2013 was the 5.8 percent slide that started May 21, when Federal Reserve Chairman Ben S. Bernanke first suggested the central bank could cut monetary stimulus this year. The gauge is down 2 percent since closing at a record Sept. 18, after the Fed unexpectedly refrained from slowing its monthly bond purchases. The stimulus has helped the S& P 500 rally as much as 155 percent from its 2009 low.
Investors have been weighing data to determine whether economic growth is strong enough to prompt the Fed to begin tapering at its next meeting in October. Fed Bank of New York President William C. Dudley said today he wants to see more momentum in the economy before making cuts.
The showdown in Washington ?creates uncertainty about the fiscal outlook and may exert a restraining influence on household and business spending,? he said.
A report today indicated consumer spending rose in August for a fourth consecutive month, as a pickup in incomes bolstered the biggest part of the economy. Separate data showed confidence among consumers declined to a five-month low in September as Americans? views on the economy dimmed.
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World Markets
Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.35% and the Shanghai Composite rose 0.20%. The Nikkei 225 lost 0.26%.
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World Markets
Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.35% and the Shanghai Composite rose 0.20%. The Nikkei 225 lost 0.26%.
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SPH - Yield attractions
■ Expect final/special DPS of 16Scts with payout in Dec, equating to 4% yield for a c.10-week period
■ Muted earnings priced in rebound likely with recent upward GDP revisions
■ Financials can comfortably support another 20 to 30 Scts/share payout, on top of 22 Scts in FY14F
■ Reiterate BUY, TP revised to S$4.53
Expect 16 Scts final/special DPS
In SPH?s upcoming full year results (11 Oct 2013), we expect final/special DPS of 16 Scts. This will bring total DPS paid/proposed for FY13 to 41 Scts, representing a yield of 10%. SPH shares usually trade ex-final/special dividend within the first 2 weeks of Dec, and based on our expectations for 16 Scts DPS, this equates to a yield of 4% for a 10-week holding period.
We believe this is attractive, and limits downside risks during this period.
Muted earnings priced in
Given consensus? earnings downgrade of 8% in the past year since Aug?12, we believe the market has largely priced in a weak set of operating results amid an uncertain macro environment. Going forward, we believe earnings could improve, going by recent upward adjustments to consensus? 2013 GDP growth forecast for Singapore.
We also noted that AdEx growth for the period from May to Aug?13 has been stronger y-o-y.
Potential for higher payout
With the listing of SPH REIT, we project that SPH?s cash pile has risen to c.S$1.1bn. We estimate SPH can well afford to pay out at least another 20-30 Scts per share, on top of its usual DPS (FY14F: 22 Scts) to shareholders while net gearing still remains at a healthy 0.30x to 0.37x, up from an estimated 0.18x at end-FY14F.
Reiterate BUY, S$4.53 TP
We reiterate our BUY recommendation, with TP adjusted to S$4.53 (from S$4.75) to account for the S$0.18 special DPS paid in Aug and 5-10% cut to our earnings forecasts. This implies a total return potential of c.16%. Share price catalyst could come from higher earnings and further cash distributions given its huge cash horde. (Read Report)
Source : DBS Group Research
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Market Snapshot - Markets Watch DC Drama as Stocks Get Jobs Boost
Global Equities
US equity markets stopped a recent rot, ending higher as the number of Americans seeking unemployment benefits fell to a six-year low. This number beat the uncertainty surrounding US Federal Reserve policy and debt ceiling talks in Washington. The Dow Jones and the S& P 500 both rose 0.4% while the Nasdaq leapt 0.7%.
Initial jobless claims for the latest week fell 5,000 to a seasonally adjusted 305,000. This beat economic forecasts and was its lowest since September 2007. The number of US citizens (3.9 million) receiving unemployment benefits is around 32% lower in the past year. Those figures helped pushed equities higher as uncertainty swirled over the debt ceiling and how the US government is going to keep itself going with limited cash reserves left. By October, when the US government financial year begins, politicians must approve a budget or vote to temporarily increase its debt ceiling of USD16.7 trillion.
This weekend is crucialTo keep the government chugging along, the US Congress ? comprising Senate and the House in opposing camps ? must approve a bill to avoid a temporary shutdown. Washington faces two deadlines: 1 October when they have to approve a budget for FY14 and one in mid-October when the government has no more money to meet its debt obligations on time and in full.
Europe shares were little changed as jobs numbers in the US failed to convince European bourses. Concerns remain over US politicians and their ability to avoid a shutdown with opponents already squaring up on Capitol Hill. In Italy, the main MIB bourse slid 1.2% with the party of former premier Silvio Berlusconi threatening a pullout if the billionaire is removed from Senate for tax fraud.
Southeast Asia
Southeast Asia stocks fell as uncertainty over how debt and budget talks in the US would play out. Singapore?s STI eased 0.4% for the fifth straight session despite manufacturing output numbers that showed growth in August. Output grew 3.5% on-year from 3% in July on improving electronics and a spurt in maritime and offshore services. Malaysia's KLCI slipped 0.6%. Indonesia?s JCI was flat.
North Asia
North Asia markets closed lower as the euphoria over Shanghai?s new free trade zone faded. Hong Kong?s Hang Seng was down, taking cues from China and purported weakness in US consumer spending. China?s SHCOMP slipped 1.9% ahead of a weeklong holiday next week.
Hong Kong stocks took cues from Wall Street and on China weakness. The Hang Seng Index fell 0.4% as Shanghai prepared to close for a weeklong holiday. Retail middleman Li & Fung fell 3.1% after a report indicated a slowing down in US consumer spending. In Shanghai, companies linked to the free trade zone fell with signs there would be no immediate change in policy, and on concerns for banks on lending.
Tokyo stocks rebounded after falling three straight sessions, as a stronger USD helped exporters with the Nikkei up 1.2% at the close. Early Friday, the government said core goods as a measure of inflation was up 0.8% in August on-year ? a sign that higher energy and imports are helping the government?s goal in beating deflation. (Read Report)
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Slowly........... one fine day ...........you will be like this.................
Rich & wise ! It's true............十 个 光 头 九 个 富 ！ 哈 哈 ........
warrenbegger ( Date: 27-Sep-2013 12:11) Posted:
I want to share a serect with u all, is use to predict if a stock really can buy or not and profit from it.
It is invented by me long ago and is call hairy analysis (HA).
This method can only be use once a 3 month rest so pls use it wisly.
When u going to buy a stock, just keep chanting its name and keep plucking your gu gu hair.
Eg keep chanting, " Can buy, cannot buy" .. " Can buy, cannot buy" ..... till the last hair stand.
Try it, it is very accurate. Don't forget to thanks me when u profit from it :) |
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Cambridge Industrial Trust ST: short term technical rebound towards 0.697 before a new drop
Our preference: short term technical rebound towards 0.697 before a new drop.
Our pivot point is at 0.697. Our preference: short term technical rebound towards 0.697 before a new drop. Alternative scenario: the upside breakout of 0.697 would call for 0.719 and 0.731. Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the share stands above its 20 day MA (0.67) but below its 50 day MA (0.68). Supports and resistances: 0.719 * 0.697 ** 0.688 0.675 last 
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Oceanus Group ST: short term rebound
Alternative scenario: the downside breakout of 0.02 would call for 0.017 and 0.015.
Our pivot point is at 0.02. Our preference: short term rebound. Alternative scenario: below 0.02, expect 0.017 and 0.015. Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.02 and 0.03). Supports and resistances: 0.032 * 0.03 ** 0.028 0.023 last 0.021 0.02 ** 0.017 * Copyright 1999 - 2013 TRADIN 
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Overseas Union Enterprise (OUE SP, LJ3) ?
Technical BUY with +10.9% potential return
Last price: S$2.57
Resistance: S$2.97
Support: S$2.38
BUY with a target price of S$2.85 with tight stops placed below S$2.50. The stock may continue to rebound after prices closed above its mid Bollinger band and appears to have formed a higher low. Prices have attempted to break above its declining 50-day EMA. Its positive directional index has turned up and crossed above its negative DI. Watch to see if prices could close above S$2.62 and its 20-day EMA could form a golden cross with its 50-day EMA. Our institutional research has a fundamental BUY with a target price of S$3.63.
Source : UOBKH Research
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U.S. Stocks Snap 5-Day Drop as Jobless Data Offset Budget
U.S. stocks rose, halting the longest slump this year for the Standard & Poor?s 500 Index, as an unexpected drop in jobless claims overshadowed concern that a budget impasse could hurt economic growth.
EBay Inc. jumped 4.5 percent after agreeing to buy Braintree for $800 million to expand its mobile-transactions business. Bed Bath & Beyond (BBBY) Inc. added 4.5 percent after raising the low end of its earnings forecast. Eli Lilly & Co. fell 3 percent as its experimental drug ramucirumab failed to meet its goals for treating breast cancer in a late-stage trial. Hertz Global Holdings Inc. sank 16 percent after cutting its forecasts.
The S& P 500 rose 0.3 percent to 1,698.67 at 4 p.m. in New York, extending its third-quarter rally to 5.8 percent. The Dow Jones Industrial Average climbed 55.04 points, or 0.4 percent, to 15,328.30. About 5.3 billion shares changed hands on U.S. exchanges, 8.6 percent below the three-month average.
?Economic news have been reasonably good,? Mark Foster, chief investment officer who oversees $620 million at Kirr Marbach & Co. in Columbus, Indiana, said in a telephone interview. ?On the negative side, we have the short-term budget issues and debt ceiling. I don?t think that?ll end up being a major issue. People just get somewhat immune to all of that.?
Unemployment Data
The benchmark index declined 1.9 percent during a five-day losing streak through yesterday, retreating from an all-time high on Sept. 18, when the Federal Reserve refrained from reducing the pace of stimulus. Investors have been watching economic reports to help determine whether growth is sufficient for the central bank to begin cutting bond purchases at its next meeting in October.
A Labor Department report today showed the number of Americans filing applications for unemployment benefits unexpectedly fell last week, indicating further progress in the labor market. The economy expanded at faster pace in the second quarter from the previous three months, with gross domestic product rising at a 2.5 percent annualized rate, the Commerce Department said.
A separate report added to signs that rising mortgage rates may have slowed housing market momentum. Fewer Americans signed contracts in August to buy previously owned homes, figures from the National Association of Realtors showed. Data yesterday indicated purchases of new homes rose in August, capping the weakest two months this year.
Government Shutdown
Investors are also weighing whether lawmakers can avoid a looming government shutdown, with the S& P 500 paring an earlier gain of as much as 0.7 percent after House Speaker John Boehner, an Ohio Republican, said he doesn?t expect his chamber to pass a stopgap spending bill expected from the Senate. He also said he does not expect a government shutdown to happen.
The Senate likely will not vote on its version of the bill until this weekend, leaving the House just one full workday to act before spending authority for the federal government expires on Oct. 1. The House and Senate are at odds over language that withdraws funding for the 2010 health-care law.
The Office of Management and Budget estimated 30 days of shutdowns in 1995 and 1996 cost more than $1.4 billion, or $2.09 billion in today?s dollars.
On another fiscal front, Treasury Secretary Jacob J. Lew told Congress yesterday that the extraordinary measures being used to avoid breaching the debt ceiling ?will be exhausted no later than Oct. 17.? Failure to increase the debt limit could lead to a downgrade of the U.S. government?s credit rating.
Losing Streak
The S& P 500 (SPX)?s losing streak through yesterday was the longest since Dec. 28, when lawmakers wrangled over impending automatic spending cuts and tax increases known as the fiscal cliff. The index dropped as much as 3.4 percent over the last two weeks of 2012 and then jumped 5 percent in January for the best start to a year since 1997 after a last-minute budget deal was struck.
?Washington has been dragging their feet as of late but eventually they?ll be forced into action,? said Patrick Spencer, head of U.S. equity sales for Robert W. Baird & Co. in London. ?We?ve been down this road before. It?s quite natural and healthy to have pull-backs in a bull market. We?ll shift into a stronger gear with a settlement on the budget and what I think will be a very positive earnings season.?
The Chicago Board Options Exchange Volatility Index, the gauge of S& P 500 options prices known as the VIX, rose 0.4 percent to 14.06 today. The measure has fallen 17 percent this quarter.
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