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S$1.50
brEAchEd  jUst  nOw
sUppOrt  nO  mOre  ? ? ? ? 
lowchia ( Date: 21-Aug-2011 00:21) Posted:
On Friday, Genting SP re-test the support at $1.50 and closed at $1.525 with HIGH volume of 0.155 billion shares traded.
A falling window
occurred (where the bottom of the previous shadow is above the top of
the current shadow). This usually implies a continuation of a bearish
trend. There have been 6 falling windows in the last 50 candles–this makes the current falling window even more bearish.
RSI & MACD are bearish though RSI in oversold region.
Immediate Resistance of Genting SP: $1.63
Immediate Support of Genting: $1.50
Currently prices are well below 20/50/100/200 days MA.
Since
April 2011.............. READ MORE
 
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REBOUND  CONFIDENCE  ? ? ? ?
On  whAt  bAsIs ? ? ? ?
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Monday: 22 AUGUST 2011
09:21:06 |
0.300 |
1,000,000 |
M |
09:19:22 |
0.300 |
1,000 |
B |
09:18:58 |
0.305 |
20,000 |
A |
 
MARRIED  DEALS are
BEAR  TRAPS
BEWARD
AWARD
SCARE
CARE
 
 
pharoah88 ( Date: 19-Aug-2011 12:56) Posted:
08:59:04 |
0.315 |
3,000 |
A |
08:59:04 |
0.315 |
264,000 |
A |
08:59:04 |
0.315 |
21,000 |
A |
08:59:04 |
0.315 |
15,000 |
A |
08:59:04 |
0.315 |
10,000 |
A |
08:59:04 |
0.315 |
20,000 |
A |
08:33:08 |
0.334 |
940,000 |
M |
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Monday: 22nd AUGUST 2011
08:59:02 |
1.525 |
2,000 |
A |
08:59:02 |
1.525 |
3,000 |
A |
08:59:02 |
1.525 |
1,000 |
A |
08:35:40 |
1.560 |
1,574,000 |
M |
MARRIED  DEALS  are
BEAR  TRAPS
BEWARE
AWARE
SCARE
CARE
pharoah88 ( Date: 19-Aug-2011 10:55) Posted:
Friday: 19 AUGUST 2011 OPENING
 
08:59:03 |
1.600 |
5,000 |
B |
08:59:03 |
1.600 |
2,000 |
B |
08:35:14 |
1.647 |
500,000 |
M |
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MAU  SAN  WANG
08:59:02 |
1.525 |
2,000 |
A |
08:59:02 |
1.525 |
3,000 |
A |
08:59:02 |
1.525 |
1,000 |
A |
08:35:40 |
1.560 |
1,574,000 |
M |
iPunter ( Date: 19-Aug-2011 16:16) Posted:
When GentSp was it was @2.00,
      many said it was very cheap... so they " mau" on it ... 
                Today, it is 1.53, many will say it is cheap...
parimas8 ( Date: 19-Aug-2011 16:08) Posted:
i know of an idiot who bought cosco at between 3.45-3.50 for 40 lots and still huggin' it closely as though it is his lover. a 100k lover.
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bIg bOys  nOw  plAy  smAll
bUyIng Only
100,000
200,000
300,000
500,000
scAlE  dOwn  by  TEN [10]  tImes
InstEAd  Of  the  UsUal
1,000,000
2,000,000
3,000,000
5,000,000
10,000,000
gOne  ArE  the 
gOOd  Old  dAys  ? ? ? ?
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What's Relevant... |
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Singapore chalked up one of its worst single-session dives as bluechips across the board were dumped and market players scrambled for the door. The STI had lost 3.2% or 91 points to 2,734, its lowest levels in 15 months. Market will continue to be under selling pressure in the near term, and investors will do well staying on the short side, or going long with stocks with positive news flows. |
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bOrrOw  bOrrOw  bOrrOw
bUy  bUy  bUy
Bank Interest Is  FREE
when  mArkEt
T A N G
jUst  declAre
BANKRUPT
thAt's  ALL
nO  bIg  dEAl  ? ? ? ?
iPunter ( Date: 20-Aug-2011 12:13) Posted:
Yes you are right...
      In today's newspaper ( Page A18 ), you can read about a man who keeps
                on borrowing from the bank to keep on buying shares whenever the market
                        is no good. A a result, he made a lot of money to be able to afford a BMW.
                                Many will be inspired and highly motivated, and that is not a bad thing.
                                        My view is that he probably made money when the market was not in a
                                                  major downtrend, ie. he could have been buying on dips when the market
                                                          was on a major uptrending mode...
rotijai ( Date: 19-Aug-2011 23:48) Posted:
i think still early for this..
many of my colleagues jumped in today. |
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wIlmAr
flOOr  at 
S$2.50  ? ? ? ?
INFLATION  cOntInUes tO sUrge
ALL  cOsts  rIsIng
Last wEEk
EvEn  HP
alsO
BLED  20%
rotijai ( Date: 22-Aug-2011 09:04) Posted:
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Monday: 22 August 2011
GOOD  MORNING  CHANNEL 8
SIAS VP  predicts
Market  will    SLUM 
for  another  SIX  mOnths  or  mOre
wAtch  OUt
fOr  the
fInAl    T A N K
MAYDAY ? ? ? ?
MAYDAY ? ? ? ?
MAYDAY ? ? ? ?
MAYDAY ? ? ? ?
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Review policy of pegging new flat prices to resale flats
IT IS normal for public housing demand and prices in Singapore to fluctuate over time, such as when housing demand plunged during the Asian financial crisis in the late 1990s or when prices rose rapidly with Singapore's sharp economic recovery, low interest rates internationally and high liquidity.
The impact of such price fluctuations usually do not hit first-time home buyers as hard, as Build-To-Order (BTO) flats are priced with a subsidy relative to market values. This ensures that new flats remain relatively affordable to young families looking to start a family.
However, we have reached a stage where the prices of new BTO flats are thousands of dollars more costlier than similar flats offered just a few years ago, due to the almost doubling of resale flat prices in that period.
At the same time, household incomes have not been able to catch up with this rise in home prices.
This pricing model of pegging new home prices to resale market prices is unfair and unsustainable in the long run.
It is especially unfair for young families, looking for a roof over their heads to start a family, to be at the mercy of market forces, especially in tiny Singapore, where families cannot choose to move to the countryside or rural areas for significantly cheaper housing options.
Young families have to suffer the 'luck of the draw' whenever they choose to settle down, with prices fluctuating according to external conditions over time, without any consideration for the relative movement of their household incomes.
In fact, household incomes and home prices sometimes move in contradictory directions, as seen during the 2008 global financial crisis, when household incomes fell across the board while resale and new flat prices rose non-stop.
In such situations, is it fair for young families to have to bear the brunt of the load with smaller incomes but costlier flats, all due to unfortunate timing?
It is time to review the current model of HDB flat pricing.
A fairer model is needed.
Nicholas Loh   
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Beware housing debt bomb
pharoah88 ( Date: 20-Aug-2011 17:06) Posted:
MR GAN Boey Keow's letter ('Adopt Aussie housing rules' Aug 4) highlighted an Australian measure to maintain home affordability for its citizens. Foreign property owners can buy only new properties, so they can sell their properties only to Australians.
This rule could certainly be applied to Singapore to help stabilise home prices, in view of the significant proportion of foreign buyers here.
But Australian home prices still rose steeply until this year, due to the huge growth in Australian mortgage financing. With up to 95 per cent total loan financing available for Australian houses, even overpriced homes seemed achievable to buyers of modest means, especially when coupled with the 'first home buyer's grant' also offered in Australia.
So Australia now has one of the worst ratios of housing affordability among developed countries, with median home prices of about 7.3 times the median annual income, according to a study.
The same study, by the University of Canberra and a provident fund, found that 60 per cent of first-time home buyers pay more than 30 per cent of their after-tax income on housing.
With the post-crisis realisation that big loans carry big risks, Australians are trying to deleverage their personal balance sheets and housing prices have stalled in many cities.
How is this relevant to Singapore? According to Monetary Authority of Singapore statistics, housing loans issued by local banks have increased almost twenty-fold since June 1991 and over 50 per cent since the 2008 financial crisis alone. Housing and construction loans now account for about half of local banks' loan portfolios and more than half of their annual loan growth in 27 of the past 32 months. It would have been more prudent to stop home buyers from over-extending themselves by controlling the growth of housing credit, instead of allowing a bubble where rises in property prices and housing loans far exceed household income growth.
According to the Department of Statistics, median monthly household income from work increased by just 1.1 per cent from 2008 to last year - far less than the 50 per cent growth in housing loans.
When housing prices fall to reflect the underlying ability of households to service these loans, or future interest rate increases, awkward situations may await recent property buyers with large loans - as well as the banks who lent to them.
Simon Sia |
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DBS Bank gives student runaround over loan repayment
WHEN I took up a tuition fee loan from DBS Bank to pay for my university studies, I was told that no interest would be charged if I repaid the loan before my graduation last month.
A few months ago, I called the bank to check on the status of the loan and was told I would be informed in advance when interest on it would kick in.
Some two weeks after my graduation, not having heard from DBS yet, I visited a branch of the bank to redeem the loan.
After 50 minutes of queueing, the officer at the counter told me she did not know what my loan status was and could not find out as such checks were done by back-end staff.
She suggested that I try the DBS hotline. Wanting to resolve the issue quickly, I called the hotline immediately and was redirected to the branch officer, who in turn passed me off to her colleague, and then her manager.
Towards the end of this four-party phone conversation, I was informed that DBS had started charging me interest as I had graduated.
When I asked how much interest had been charged to date and at what rate, I was told to call the hotline again.
I had to speak to three more staff members in three separate phone calls before I was finally informed of the interest amount charged on my loan.
There was no explanation as to why DBS had not sent a notification on the loan repayment. I was told I would have to pay the interest on the loan, and then appeal for a waiver.
Not one of the officers could tell me how long the bank would take to credit the interest back to my account once the waiver was approved.
I checked with my peers who had taken up similar loans from various banks. Apparently, only students who had taken loans from DBS had yet to receive notification letters about repayment.
How many fresh graduates are unwittingly being charged interest on their tuition fee loans due to an oversight on the bank's part?
I am also flummoxed by the difficulty DBS heaps on customers who want to find out how much interest they are being charged.
Jacqueline Wong (Ms)   
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MR GAN Boey Keow's letter ('Adopt Aussie housing rules' Aug 4) highlighted an Australian measure to maintain home affordability for its citizens. Foreign property owners can buy only new properties, so they can sell their properties only to Australians.
This rule could certainly be applied to Singapore to help stabilise home prices, in view of the significant proportion of foreign buyers here.
But Australian home prices still rose steeply until this year, due to the huge growth in Australian mortgage financing. With up to 95 per cent total loan financing available for Australian houses, even overpriced homes seemed achievable to buyers of modest means, especially when coupled with the 'first home buyer's grant' also offered in Australia.
So Australia now has one of the worst ratios of housing affordability among developed countries, with median home prices of about 7.3 times the median annual income, according to a study.
The same study, by the University of Canberra and a provident fund, found that 60 per cent of first-time home buyers pay more than 30 per cent of their after-tax income on housing.
With the post-crisis realisation that big loans carry big risks, Australians are trying to deleverage their personal balance sheets and housing prices have stalled in many cities.
How is this relevant to Singapore? According to Monetary Authority of Singapore statistics, housing loans issued by local banks have increased almost twenty-fold since June 1991 and over 50 per cent since the 2008 financial crisis alone. Housing and construction loans now account for about half of local banks' loan portfolios and more than half of their annual loan growth in 27 of the past 32 months. It would have been more prudent to stop home buyers from over-extending themselves by controlling the growth of housing credit, instead of allowing a bubble where rises in property prices and housing loans far exceed household income growth.
According to the Department of Statistics, median monthly household income from work increased by just 1.1 per cent from 2008 to last year - far less than the 50 per cent growth in housing loans.
When housing prices fall to reflect the underlying ability of households to service these loans, or future interest rate increases, awkward situations may await recent property buyers with large loans - as well as the banks who lent to them.
Simon Sia
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Illegal pay pact
'Penalise employers and impose a life ban on the guilty foreigners.'
MR N. NAGESH: 'What is required is a serious enforcement of the law on foreign professionals to prevent circumvention by unscrupulous employers ('Stricter criteria for foreign professionals' yesterday). What these bosses do is extract an agreement with their foreign hirings for a lower salary than the officially declared figure, and then pocket the difference. The Manpower Ministry should penalise such employers and impose a life ban on the guilty foreigners.'
pharoah88 ( Date: 20-Aug-2011 16:32) Posted:
Illegal pay pact: Plug the loopholes
I AGREE with Mr N. Nagesh ('Illegal pay pact' Tuesday) on the need for serious enforcement against illegal pay pacts between employers and Employment Pass (EP) holders.
One company I worked for over-declared the salaries of its EP-holders to the Ministry of Manpower (MOM) and the Inland Revenue Authority of Singapore to fill the positions of draughtsmen.
When I discovered it, I reported the matter to MOM and supplied details of the wrongdoing as well.
The ministry replied that it could act only if the EP-holder complained, an answer that goes against common sense:
Why would an EP-holder lodge a complaint if he was part of the plot?
If such loopholes are not plugged, imposing tougher conditions like raising qualifying pay levels or requiring more stringent educational qualifications may not necessarily make it harder for employers to hire foreign professionals.
Priscilla Poh (Ms)
Saturday: 20 August 2011 Straits Times FORUM Page A44 |
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Be fair
'Criticism should be directed against the hecklers, not Jee Say.'
MR TAN SOON MENG: 'I am not a supporter of presidential candidate Tan Jee Say and I deplore the heckling of any presidential candidate ('The heckling' by Ms Catherine Soh, Mr Murali Sharma and Mr Philip Koh yesterday).
However, criticising him for the actions of the hecklers are, in turn, a form of heckling a presidential candidate, and is also uncalled for.
Criticism should be directed against the hecklers, not Mr Tan Jee Say.
The assembly area at the Nomination Centre is open to all.
Anyone could have stood with Mr Tan's legitimate supporters.
One writer called Mr Tan the leader of the culprits.
But the culprits could well have been people whom he did not know, much less be those in his official group.
A person is not the leader of everyone who purports to act on his behalf nor can he control all who appear to be his supporters. To expect Mr Tan to have exercised control over such culprits is unfair, especially as he was walking offstage, having just finished his own speech, when the heckling began.'
Endorsement puzzle
'Isn't voting an individual's right and a personal choice?'
MR DANIEL CHAN: 'Endorsements of a candidate by groups and associations has left me puzzled.
Did the members hold an election to decide who they would back?
Will the leaders of the group compel their members to vote one way on Polling Day?
Is there a party Whip equivalent?
Otherwise, what significance is there when leaders cite the size of their association in naming their presidential champion?
Isn't voting an individual's right and a personal choice that is sacred and secret?
What does the Elections Department have to say?'
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Sorry about the runaround, replies DBS
WE HAVE contacted Ms Jacqueline Wong and apologised for the inconvenience caused ('Bank gives student runaround over loan repayment' Aug 13).
Recent graduates should have received notifications regarding their loan amount and repayment options.
The tuition fee loan is interest-free during the course of a student's study.
As with industry practice, the interest computation is deferred until after graduation. If graduates like Ms Wong made full repayment immediately after graduation, they are not charged any interest.
Graduates may contact the bank if they have any queries about their tuition fee loan.
Ooi Huey Tyng Senior Vice-President & Head Unsecured Lending & Cards Consumer Banking Group (Singapore) DBS Bank
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Illegal pay pact: Plug the loopholes
I AGREE with Mr N. Nagesh ('Illegal pay pact' Tuesday) on the need for serious enforcement against illegal pay pacts between employers and Employment Pass (EP) holders.
One company I worked for over-declared the salaries of its EP-holders to the Ministry of Manpower (MOM) and the Inland Revenue Authority of Singapore to fill the positions of draughtsmen.
When I discovered it, I reported the matter to MOM and supplied details of the wrongdoing as well.
The ministry replied that it could act only if the EP-holder complained, an answer that goes against common sense:
Why would an EP-holder lodge a complaint if he was part of the plot?
If such loopholes are not plugged, imposing tougher conditions like raising qualifying pay levels or requiring more stringent educational qualifications may not necessarily make it harder for employers to hire foreign professionals.
Priscilla Poh (Ms)
Saturday: 20 August 2011 Straits Times FORUM Page A44
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By Channel NewsAsia, Updated: 19/08/2011
PE: Clan association invites Tan Jee Say to tea
 
Tan Jee Say (photo: channelnewsasia.com, Hester Tan)
SINGAPORE: The Hainanese Tan Clan Association has invited presidential candidate Tan Jee Say to a ’good luck’ tea. But it said it is not officially endorsing any candidate.
The 800—member association said its constitution does not allow it to " indulge in any political activity" , so its members are free to vote for the candidate of their choice.
Association president Tan Boon Hai also told reporters that the specific clause in its constitution prohibiting political activity was added at the advice of the Registry of Societies in April this year when the association updated its constitution.
He also said Mr Tan Jee Say is a long—time member of the association.
Association members Channel NewsAsia spoke to said they are proud to have a presidential candidate as a fellow member. But not all have decided who they will vote for.
— CNA/ir
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Are rules on foreign
purchases inevitable?
COMMENTARY
Colin Tan
A recent letter to the press has again brought to the surface the concerns of a group of househunting citizens whose needs have not gained much attention since the General Election. The writer lamented that the changes announced by Prime Minister Lee Hsien Loong at the National Day Rally speech on Sunday did not address the housing aspirations of HDB upgraders such as himself.
He wrote that in 2008, the price difference between a resale five-room HDB flat and a low-end condominium was about 20 per cent and that the gap has widened past 70 per cent now. And just when potential HDB upgraders like himself are starting to see the value of their homes catch up with runaway private property prices, the Government steps in.
He is probably referring to the huge increase in new supply of Build-To-Order flats that may eventually stymie or correct the growth in HDB resale flat prices — and in the process upset his upgrading plans.
He feels this is unfair as the Government has allowed private property prices to balloon beyond an upgrader’s reach.
His concerns probably do not just reflect the feelings of the pool of potential HDB upgraders but a larger mass of households — including some owners of older or smaller private apartments — who share similar upgrading aspirations. This has always been the Singaporean dream — to upgrade from an HDB flat to a small private apartment and eventually to a more comfortable larger private home. property@mediacorp.com.sg
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