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Latest Posts By WanSiTong - Master      About WanSiTong
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26-Sep-2013 10:24 Others   /   Any Stocks Also Can Discuss Forum       Go to Message
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Channel Check - trading restrictions on IPCO and InnoPac by UOBKH with immediate effect.
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26-Sep-2013 09:24 Falcon Energy   /   Falcon Energy       Go to Message
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These are  interesting :

the recent sale of its two 45.5% owned Gusto MSC CJ46-X100 jack-up rigs at an estimated price of US$225m each last month. These two rigs have a cost of roughly US$196m each, assuming interest cost, agency fees and others.  Netting off the figures, the transaction works out to an attributable profit of US$26m which Falcon will probably recognize in its upcoming 2Q results.

* Contributions from associates will probably cutback to below US$1m following the recent write-down in its 29% owned CH Offshore and lower chartering revenue

(Extracted from 1Q 13 Financial Announcement :For the period under review, the Company?s 29.07% associate, CH Offshore Ltd, made an allowance of doubtful trade debts of US$43.95 million in it?s full year results. This resulted in the Group recording a share of net loss of US$12.77 million. The share of net loss of associates was US$8.98 million in 1Q 2014 due mainly to this allowance. The Group would have, otherwise, recorded a profit before tax of approximately US$8.01 million if this allowance was not made. )

* Nonetheless, we expect the marine division to lead the group in profitability and Falcon may generate US$5m, US$7m and US$7m PAT for the next three quarters. We leave our estimates for the oilfield services and oilfield projects intact and assume negligible contribution from the resource division. 

* In view of the positive outlook, we now revise our intrinsic value to S$0.550 per share. Maintain Increase Exposure.

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26-Sep-2013 08:59 OUE   /   OUE LTD worth buying for long term       Go to Message
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Company Highlights

OUE Ltd announced that it is currently exploring the establishment of a commercial real estate investment trust (the ?Proposed REIT?) to be listed on the Main Board of Singapore Exchange Securities Trading Limited (the ?SGX-ST?). The initial portfolio of the Proposed REIT is expected to include OUE Bayfront, being an 18-storey office building located at 50 Collyer Quay, Singapore 049321, together with its ancillary properties comprising a conserved tower building used for a food and beverage outlet and a link bridge with retail shops (collectively, the ?OUE Bayfront Property?). Besides the OUE Bayfront Property, other commercial properties owned by Lippo China Resources Limited are currently also being considered for acquisition by the Proposed REIT. (Closing Price: S$2.550, -8.6%)

 

 

Source: SGX Masnet, The Business Times

 



WanSiTong      ( Date: 25-Sep-2013 20:40) Posted:

See Today SGX Announcement No. 140. Huat Arh......

WanSiTong      ( Date: 25-Sep-2013 20:38) Posted:



Don't be sad !!

GOOD NEWS !!.............

http://infopub.sgx.com/FileOpen/Announcement.ashx?App=Announcement& FileID=257553

OUE is currently exploring the the establishment of REIT to be listed on the main Board of S


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26-Sep-2013 08:36 Falcon Energy   /   Falcon Energy       Go to Message
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Falcon Energy Group - Getting a Lift in 2Q FY14

Written By Stock Fanatic on Wednesday, September 25, 2013 | 9/25/2013

We noted that Falcon Energy Group (Falcon) recently carried out some share buy-back activities and absorbed back approximately 2m shares (at an average daily price of between 34.8 cts and 37.2 cts) from the open market this month. This seems to be a signal from the management that Falcon?s current share price is not justified.

The move may be partially explained by the recent sale of its two 45.5% owned Gusto MSC CJ46-X100 jack-up rigs at an estimated price of US$225m each last month. These two rigs have a cost of roughly US$196m each, assuming interest cost, agency fees and others. 

Netting off the figures, the transaction works out to an attributable profit of US$26m which Falcon will probably recognize in its upcoming 2Q results.

On the marine division, we expect the company to deploy its 2X 78m multi-functional support vessels over the next two months and these vessels are capable of generating bareboat annual revenue of US$9+m each, if fully deployed. We also expect charter rates for the other vessels to be healthy given current high energy prices and active drilling programmes. We now estimate utilization rate for the remaining FY2014 to be around 80%. 

Contributions from associates will probably cutback to below US$1m following the recent write-down in its 29% owned CH Offshore and lower chartering revenue

Nonetheless, we expect the marine division to lead the group in profitability and Falcon may generate US$5m, US$7m and US$7m PAT for the next three quarters. We leave our estimates for the oilfield services and oilfield projects intact and assume negligible contribution from the resource division. 

In view of the positive outlook, we now revise our intrinsic value to S$0.550 per share. Maintain Increase Exposure.

Falcon?s share price has also recovered to near its one-year high level of S$0.42 per share. As of end June 2013, Falcon has 162.8m outstanding warrants with an exercise price of S$0.40 per share. The last conversion date for the warrant is 1 Nov 2013.  (Read Report)
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26-Sep-2013 07:21 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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S& P 500 Falls a 5th Day Amid Threat of Budget Impasse

U.S. stocks fell, giving the Standard & Poor?s 500 Index its longest slump this year, as Wal-Mart Stores Inc. (WMT) retreated and concern grew that a political showdown over government spending poses a threat to growth.

Wal-Mart lost 1.5 percent after the retailer told suppliers it?s cutting orders this quarter and next to address rising inventories. J.C. Penney Co. slumped 15 percent as Goldman Sachs Group Inc. said the department-store chain?s liquidity will be strained. Stryker Corp. slipped 2.9 percent on an agreement to buy Mako Surgical Corp. for $1.65 billion. Noble Corp. added 1.8 percent after the offshore rig contractor said it plans to spin off about half its fleet.

The S& P 500 (SPX) fell 0.3 percent to 1,692.77 at 4 p.m. in New York, its fifth straight losing session. The Dow Jones Industrial Average, which includes Wal-Mart, slid 61.33 points, or 0.4 percent, to 15,273.26. About 5.9 billion shares changed hands on U.S. exchanges, in-line with the three-month average.

?There is a lot of noise that?s disruptive to people doing anything with a great deal of confidence,? Don Hodges, founder of Dallas-based Hodges Funds, said in a phone interview,referring to budget negotiations. His firm manages about $1.3 billion. ?Anytime the market is as strong as it?s been in the last few weeks, you just know that it?s capable of having a pullback that shakes off people a little bit.?

Government Shutdown



The S& P 500 has dropped 1.9 percent in the past five days as investors weighed whether a looming government shutdown will hamper economic growth. The current losing streak is the index?s longest since Dec. 28, when lawmakers wrangled over impending automatic spending cuts and tax increases known as the fiscal cliff.

The Senate likely will not vote on a stopgap spending 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.

On another fiscal front, Treasury Secretary Jacob J. Lew told Congress 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.

The wrangling comes as Americans are losing faith in the nation?s economic recovery, according to a Sept. 20-23 Bloomberg National Poll. Forty-four percent of poll respondents say they expect the economy, which has expanded for nine consecutive quarters, to remain about the same over the next year, while 28 percent see it weakening.

Watching Data



Investors have also been scrutinizing data to determine whether economic growth is robust enough for the Federal Reserve to begin paring back its $85 billion in monthly bond purchases.

A report from the Commerce Department today indicated purchases of new homes rose in August, capping the weakest two months this year, showing the fallout from mortgage rates at a two-year high is cooling the real-estate rebound. Demand slumped 14 percent in July. Separate government data showed orders for equipment such as computers and machinery climbed less than forecast in August.

The central bank?s decision Sept. 18 to refrain from slowing stimulus sent the S& P 500 to a record close of 1,725.52. The gauge has retreated every session since the decision, as policy makers send mixed signals on the timing of the central bank?s next move. Fed Bank of St. Louis President James Bullard said Sept. 20 that tapering could start in October. William Dudley, head of the New York Fed, said yesterday any cut would depend on the economy?s performance.

Rebalance Assets



?There has been some push and pull on whether this is just a temporary waiting for the taper to actually start, or whether lower for longer is the new reality,? Diane Jaffee, the New York-based group managing director for U.S. equities who oversees about $6.4 billion in assets at TCW Group Inc., said in a phone interview.

The S& P 500 has rallied 5.7 percent in the third quarter while Treasuries retreated 0.1 percent through yesterday, according to data compiled by Bloomberg and Bank of America Corp. The divergence will cause some funds to sell stocks and buy bonds to rebalance asset allocations. UBS AG strategist Boris Rjavinski projects ?significant? outflows from U.S. equities into Treasuries, with as much as $41 billion in stocks being sold and up to $22 billion of fixed-income investments purchased.

Wal-Mart Inventories



The Chicago Board Options Exchange Volatility Index, the gauge of S& P 500 options prices known as the VIX, lost 0.5 percent to 14.01. The measure has fallen 22 percent this year.

Eight of 10 S& P 500 main industries fell as consumer-staples and health-care stocks dropped at least 0.7 percent.

Wal-Mart lost 1.5 percent to $74.65, the steepest drop in the Dow. Last week, an ordering manager at the company?s Bentonville, Arkansas, headquarters described the pullback in orders in an e-mail to a supplier, who said others got similar messages.

Merchandise has been piling up because consumers have been spending less freely than Wal-Mart projected, and the company has forfeited some sales because it doesn?t have enough workers in stores to keep shelves adequately stocked.

?We?ve seen a little bit of weakening in the strength of the consumer recently and Wal-Mart could be a good example of that, where people are starting to pull back on marginal purchases,? James W. Gaul, a fund manager at Boston Advisors LLC, which oversees about $2.3 billion from Boston, said by phone.

Penney, Stryker



J.C. Penney sank 15 percent to $10.12, the lowest since December 2000. The stock has tumbled 49 percent in 2013.

?Weak fundamentals, inventory rebuilding, and an underperforming home department will likely challenge J.C. Penney?s liquidity levels in the third quarter,? Kristen McDuffy, at New York-based analyst for Goldman, wrote yesterday in a note to clients.

Stryker fell 2.9 percent to $68.79. The second-largest seller of orthopedic devices agreed to buy Mako for $30 a share to add technology for robot-assisted surgeries. Mako surged 82 percent to $29.46.

Carnival Corp. (CCL) lost 5.3 percent to $32.70, extending a 7.7 percent drop yesterday to put the stock at its lowest since June. The world?s largest cruise-ship operator forecast an unexpected loss for the fourth quarter, and Morgan Stanley cut its recommendation to underweight, similar to a sell rating, from equal weight. Bank of America Corp. lowered its rating to neutral from buy.

JPMorgan Talks



JPMorgan Chase & Co. rallied 2.7 percent, the most in the Dow, to $51.70, snapping a two-day losing streak that pushed the stock down 4.7 percent.

The lender resumed settlement talks with the U.S. after authorities prepared to sue the bank yesterday in California federal court alleging it misrepresented the quality of mortgage-backed securities it sold from 2005 to 2007, a person familiar with the matter said.

A settlement may include $7 billion in cash and $4 billion for consumer relief, the Associated Press reported, citing an official familiar with ongoing negotiations among federal and state officials.

Noble advanced 1.8 percent to $38.60. The contractor said the planned spinoff will let it focus on higher-priced rigs working in deeper waters. An initial public offering of as much as 20 percent of the new company?s shares may precede a tax-free distribution of the new stock to existing Noble investors.

Facebook Record



Facebook Inc. rallied 2.1 percent to $49.46, the stock?s sixth gain in the past seven sessions, with each advance setting a fresh record. Canaccord Financial Inc. initiated coverage of the social media company with a buy rating. Facebook is ?very early in generating revenue from its enormous user base,? Michael Graham wrote in a note, giving the stock a price target of $60.

U.S. stocks are delivering the best risk-adjusted returns among the world?s biggest developed markets as a third straight year of earnings growth produces steadier gains. The S& P 500 has risen 1.9 percent in 2013 when adjusted for price swings, the top advance among 24 of the largest developed nations, according to the data compiled by Bloomberg. The performance exceeds Japan, where prices have surged almost twice as much this year, as a measure of U.S. volatility reached a six-year low.

Stable Returns



U.S. equities have provided more stable returns as China?s economy expands at the slowest pace in at least two decades and Europe faces record joblessness, prompting investors to seek safety in American companies. The Fed?s unprecedented bond purchases and five years of S& P 500 profit growth have helped rebuild investor confidence after the financial crisis and reduce price swings.

?The U.S. continues to be the most resilient economy across the world and its markets have reflected that with the least amount of volatility,? Joseph Tanious, global market strategist for J.P. Morgan Asset Management, said in a phone interview from New York. His firm oversees about $1.5 trillion. ?Earnings growth has continued to hit record highs. There is less skepticism about the long-term potential in U.S. markets.?
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26-Sep-2013 07:17 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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World Markets

North and South American markets finished mixed as of the most recent closing prices. The IPC gained 1.25%, while the Bovespa led the S& P 500 lower. They fell 0.31% and 0.27% respectively.

North and South American Indexes

  Index Country Change % Change Level Last Update
  Dow Jones Industrial Average United States -61.33 -0.40% 15,273.26 4:37pm ET
  S& P 500 Index United States -4.65 -0.27% 1,692.77 4:37pm ET
  Brazil Bovespa Stock Index Brazil -169.94 -0.31% 54,261.11 5:58pm ET
  Canada S& P/TSX 60 Canada -0.79 -0.11% 735.51 4:20pm ET
  Santiago Index IPSA Chile -13.67 -0.41% 3,313.68 3:18pm ET
  IPC Mexico +514.08 +1.25% 41,724.03 6:06pm ET
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25-Sep-2013 21:54 OUE   /   OUE LTD worth buying for long term       Go to Message
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好 个 ..........柳 暗 花 明 又 一 村 ..........................发 啊 !



WanSiTong      ( Date: 25-Sep-2013 20:40) Posted:

See Today SGX Announcement No. 140. Huat Arh......

WanSiTong      ( Date: 25-Sep-2013 20:38) Posted:



Don't be sad !!

GOOD NEWS !!.............

http://infopub.sgx.com/FileOpen/Announcement.ashx?App=Announcement& FileID=257553

OUE is currently exploring the the establishment of REIT to be listed on the main Board of S


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25-Sep-2013 20:40 OUE   /   OUE LTD worth buying for long term       Go to Message
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See Today SGX Announcement No. 140. Huat Arh......

WanSiTong      ( Date: 25-Sep-2013 20:38) Posted:



Don't be sad !!

GOOD NEWS !!.............

http://infopub.sgx.com/FileOpen/Announcement.ashx?App=Announcement& FileID=257553

OUE is currently exploring the the establishment of REIT to be listed on the main Board of SX

Abel_Juice      ( Date: 25-Sep-2013 17:14) Posted:

So Sad.... All the Analysts ... predict... more than $3.00 Share Price... now end up low till $2.55 ~~~


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25-Sep-2013 20:38 OUE   /   OUE LTD worth buying for long term       Go to Message
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Don't be sad !!

GOOD NEWS !!.............

http://infopub.sgx.com/FileOpen/Announcement.ashx?App=Announcement& FileID=257553

OUE is currently exploring the the establishment of REIT to be listed on the main Board of SX

Abel_Juice      ( Date: 25-Sep-2013 17:14) Posted:

So Sad.... All the Analysts ... predict... more than $3.00 Share Price... now end up low till $2.55 ~~~

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25-Sep-2013 18:43 Falcon Energy   /   Falcon Energy       Go to Message
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Daily shares buy back :

25/9 : 264K

Total to date : 3.428M
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25-Sep-2013 12:40 Citicode   /   AdvSCT 'alive' again!!       Go to Message
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BBs eat enough 0.008
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25-Sep-2013 12:35 Falcon Energy   /   Falcon Energy       Go to Message
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Source : MayBank Kim Eng Research

 
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25-Sep-2013 10:21 OUE   /   OUE LTD worth buying for long term       Go to Message
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It's a waste of time, effect & energy on this counter !!

Ex even break  recent low of $ 2.68 (24/6/13)

WanSiTong      ( Date: 13-Sep-2013 21:14) Posted:



 
The following are the analysts covering OUE Limited.

Date Analyst * Research House Recommendation Target Price
         
         
15/08/2013 Low Xin Yan
+65 6678 0420
BoA Merill Lynch Buy S$3.40
         
         
15/08/2013 Wilson Liew
+65 6337 4430
Maybank Kim Eng Buy S$3.40
         
         
05/08/2013 Lucas Tan
+65 6531 1229
Phillip Securities Accumulate S$3.24
         
         
02/08/2013 Elaine Khoo
+65 6423 6435
Deutsche Bank Buy S$3.43
         
         
02/08/2013 Vikrant Pandey
+65 6590 6623
UOB Kay Hian Buy S$3.63
         
         
02/08/2013 Tata Goeyardi
+65 6671 8118
Religare Capital
Markets
Hold S$3.28
         
         
01/08/2013 David Choo
+65 6239 0651
HSBC Overweight S$3.10
         
         
01/08/2013 Donald Chua
+65 6210 8606
CIMB Outperform S$3.32
         
         
29/07/2013 Regina Lim
+65 6307 1516
Standard Chartered Outperform S$3.58
         
         
22/07/2013 David Lum
+65 6329 2102
Daiwa Securities
Co. Ltd.
Buy S$3.66
         
         
18/07/2013 Yvonne Voon
+65 6212 3026
Credit Suisse Outperform S$3.50
         
         

 


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25-Sep-2013 09:31 Falcon Energy   /   Falcon Energy       Go to Message
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25-Sep-2013 06:23 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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U.S. Stocks Fall on Budget, Economic Growth Concerns



U.S. stocks fell for a fourth day amid concerns over budget talks and economic growth as investors weighed prospects for easing tensions in the Middle East.

Red Hat Inc. slumped 12 percent after billings at the largest seller of the Linux operating system trailed estimates. Homebuilders gained 2.3 percent as a group after a report showed home prices increased by the most in more than seven years and Lennar Corp.?s profit beat analyst estimates. Applied Materials Inc. advanced 9.1 percent after agreeing to buy Tokyo Electron Ltd. for about $9.39 billion in stock.

The Standard & Poor?s 500 Index fell 0.3 percent to 1,697.42 at 4 p.m. in New York. The Dow Jones Industrial Average lost 66.79 points, or 0.4 percent, to 15,334.59. About 6 billion shares changed hands on U.S. exchanges, in line with the three-month average.

The market is ?riding waves of news, both good and bad,? Malcolm Polley, the chief investment officer at Stewart Capital Advisors LLC in Indiana, Pennsylvania, said in a telephone interview. His firm manages $1.1 billion. ?The market is very dependent on macro news.?

The S& P 500 initially fell as much as 0.4 percent after the Conference Board?s index of U.S. consumer confidence slumped in September to a four-month low. A separate report showed a gauge of manufacturing in the region covered by the Federal Reserve Bank of Richmond shrank in September.

?Meaningful Agreement?



The equity benchmark index erased earlier losses as President Barack Obama said recent overtures from Iran may offer a basis for a ?meaningful agreement? to resolve the confrontation over the Persian Gulf nation?s nuclear program, one of the primary sources of instability in the Middle East. Iranian officials told the U.S. that the time isn?t right for direct contact between the two countries? leaders.

Stocks turned lower in the last 30 minutes of trading as investors watched the debate in Washington over spending cuts. U.S. Senate Democrats offered a new proposal that funds the government through Nov. 15, complicating efforts to avoid a government shutdown in a week as Republican Senator Ted Cruz began an extended speech in opposition to funding for the health-care law.

?We may have a couple few weeks where there is still lingering concern over the Fed along with very much headline risk around the budget ceiling debate,? David Chalupnik, head of equities at Nuveen Asset Management in Minneapolis, said in a phone interview. His firm manages more than $115 billion. ?Over the short term, we would see the market continue to either muddle through or consolidate before we hit earnings season.?

Stimulus Debate



The S& P 500 has declined 1.6 percent over four days after reaching an all-time high of 1,725.52 as the Federal Reserve refrained from cutting stimulus. The Federal Open Market Committee said after its Sept. 17-18 meeting that it wants more evidence of an economic recovery before paring its $85 billion of monthly asset purchases, surprising economists who had forecast a reduction. The S& P 500 has gained 5.7 percent this quarter and is up about 19 percent for the year.

Fed Bank of New York President William C. Dudley said today the central bank may reduce the pace of its quantitative easing program in 2013 depending on the economy?s performance.

?If the economy were behaving in a way aligned with the Fed?s June forecast, then it?s certainly likely that the Fed would begin to taper later this year,? Dudley said in an interview with CNBC. ?I certainly wouldn?t want to rule it out. But it depends on the data.?

?Different Views?



Stocks fell on Sept. 20 as Fed Bank of St. Louis President James Bullard said policy makers may decide to reduce their monthly bond purchases at the meeting in October.

?There are so many different views from the Fed itself and there is no one voice that seems to be articulating a common message,? Mark Freeman, who oversees about $15.8 billion as chief investment officer at Westwood Holdings Group Inc. in Dallas, said by phone. ?What they ultimately created is uncertainty and that?s never a positive for the market.?

The Chicago Board Options Exchange Volatility Index, the gauge of S& P 500 options prices known as the VIX, slipped 1.6 percent to 14.08, extending its drop for the year to 22 percent.

Seven out of 10 S& P 500 groups fell as telephone and consumer-staples companies declined more than 0.7 percent for the worst performance.

Red Hat tumbled 12 percent, the most in the S& P 500, to $46.73. Billings, a predictor of future revenue, rose 8 percent in the second quarter from a year earlier to $376 million. Analysts at CLSA had projected an increase of 17 percent, and Stifel Nicolaus & Co. predicted 14 percent growth.

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25-Sep-2013 06:19 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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World Markets

North and South American markets finished lower today with shares in Brazil leading the region. The Bovespa is down 0.31% while U.S.'s S& P 500 is off 0.26% and Mexico's IPC is lower by 0.25%.

North and South American Indexes

  Index Country Change % Change Level Last Update
  Dow Jones Industrial Average United States -66.79 -0.43% 15,334.59 4:42pm ET
  S& P 500 Index United States -4.42 -0.26% 1,697.42 4:42pm ET
  Brazil Bovespa Stock Index Brazil -171.33 -0.31% 54,431.05 6:01pm ET
  Canada S& P/TSX 60 Canada +1.07 +0.15% 736.30 4:20pm ET
  Santiago Index IPSA Chile -28.66 -0.85% 3,327.35 3:25pm ET
  IPC Mexico -104.73 -0.25% 41,209.95 4:06pm ET
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24-Sep-2013 22:50 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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My Market View 
The views expressed here by the contributor does not belong to ShareJunction.

Daily Market Opinion for 24-Sep-2013

Contributed by Jay Chia

24-Sep

Daily Market Opinion for 24-Sep-2013


STI started a brand new week with a bearish note yesterday. This is the aftermath of sharp rally for the past week as traders are keener to profit take. The day started with a gap down action as it reacted to last Friday?s negative closing by DJI. There were initial attempts to trade lower during the morning trading session but the downside was limited by buyers. During lunch hours, STI was then able to rebound and stay at its opening levels and throughout the rest of the day. This was due to lack of trading activity as the market continues to stay cautious during this retracement action. Last night, DJI was seen dropping slightly with 49.71pts down. Will STI be able to recover its lost grounds today? Or will it continue to fall today?

 

The expectation of STI to start the week with retracement action has been fulfilled. This allows STI to enter deeper into the gap support range of 3204 ? 3241 levels. The gap support seems to be holding well currently as STI form a short black candle with lower shadow yesterday. The lower shadow indicates that STI is refusing to trade lower, thus proving the gap support is holding. However, the price action yesterday also created a gap resistance between 3220 ? 3230 levels which might cap STI?s upside. Furthermore, bearish indications were seen in the Histogram and Stochastic. Hence, this may imply further bearishness for STI today. However, there is hope that STI might be able to rebound slightly to attempt to close its gap resistance between 3220 ? 3230 levels as long as the support level holds today.

 

The banks were seen retracing yesterday as they returning back to their support levels. Dbs was seen testing its strong support at 16.50 level where there are strong confluences by 2 MA lines. This support will be a good platform for Dbs to rebound towards its resistance at 16.90 level and even break for a higher high. Ocbc also retraced yesterday and tested its support at 10.30 level where it formed hammer like pattern. This will also help Ocbc to rebound and test its resistance at 10.50 level or beyond. Uob held well at its immediate support of 21.40 level and refuse to head lower to test a stronger support at 20.90. It will likely to attempt to reach towards 22.00 resistance level before any significant retracement can happen. Overall, the banks are likely to hold at their support levels and even attempt to rebound today.

 

The properties were trading mixed yesterday as they shun from the selling sentiment. Capitaland was able to trade slightly higher after holding at its 50ma support line at 3.14 level. It might continue to rebound towards its resistance at 3.22 level today. Kepland was also seen holding well at its 100ma line at 3.65 level. Its price action yesterday will likely to help Kepland to rebound towards its immediate resistance at 3.75 level before approaching another stronger resistance at 3.85 level. Citydev was the only one that retraced yesterday. It failed to hold at its 50ma support line at 10.43 level and it is now approaching its support at 10.30 level. It will likely to attempt to test the support before rebounding for a higher low formation. Overall, the properties are very likely to hold at their support level and attempt to rebound today.

 

The offshores were trading flat yesterday despite facing selling pressure during the day. Kepcorp failed to break its resistance at 10.85 level and it started to retrace slightly yesterday. It had tested its immediate support at 10.70 level and it held well, forming long lower shadow.  This indicates that the support level at 10.70 level will hold if there is further retracement. Sembcorp also attempted to retrace towards its support at 5.12 level and the support held well. It will likely to consolidate further at this support or will attempt to test its resistance at 5.20 level today. Sembmar had also tested its immediate support level of 4.54 level and held firmly. This support level will continue to hold Sembmar today and rebound attempts will be likely to happen. If rebound is being confirmed, Sembmar will be able to test its immediate resistance level at 4.60 level. Overall, the offshores are likely to continue to trade mixed today as they will likely to consolidate further before rebound can occur.

 

The commodities were also trading mixed yesterday as they individually have their struggles. Golden agri continues to hover at 0.54 level and it is still deciding whether to confirm its uptrend formation. Golden agri must be able to test 0.56 resistance level again in order to maintain its chances of forming uptrend. Indoagri is retracing back to its support at 0.775 level and it seems to be holding well. It will likely to continue to stay at this support before attempting to rebound. Olam was seen facing resistance at 1.50 level where it still have trouble breaking it. It will likely to continue to attempt to break its resistance today or else, retracement is likely to happen. Overall, the commodities are likely to continue to trade mixed today as they will continue to consolidate at their support levels.

 

In conclusion, the bearish movement yesterday is unlikely to be a significant movement for STI?s uptrend formation. It is likely to be a normal retracement as various sectors are holding their support level well. Bullish candles at support levels were seen in most sectors and this indicates that STI will be able to hold at its gap support and might be ready to stage a rebound. The banks and properties will likely to take the lead in the rebound as their support levels are holding firmly. However, upside could be capped by the gap resistance between 3220 ? 3230 levels. Therefore, do expect STI to be trading in a tight range between 3200 ? 3230 levels today.

 

Long traders should make use of this retracement to accumulate long positions. Shortists should exit their shorts during this retracement.

 
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24-Sep-2013 22:37 Others   /   Thought of the Moment       Go to Message
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Hahaha..........

Peter Pan eats too much    汉 堡 包 .......................


Peter_Pan
Elite
24-Sep-2013 19:27         About Peter_Pan         Contact           Quote!                 Mood: happy
Yells: " Live To Trade"
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Alert Admin
终 于 等 到 这 个 机 会 可 以 去 吃 汉 堡 包 , 很 好 吃 , 我 要 去 麦 当 劳 吃 汉 堡 包 !


Peter_Pan      ( Date: 24-Sep-2013 22:28) Posted:

is that you!!! eat too much 汉 堡 包 !!!

WanSiTong      ( Date: 24-Sep-2013 21:31) Posted:



i wanna be forever young - peter pan



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24-Sep-2013 21:31 Others   /   Thought of the Moment       Go to Message
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i wanna be forever young - peter pan



Peter_Pan      ( Date: 24-Sep-2013 21:04) Posted:

我 不 管 ! 我 不 管 ! 我 要 吃 !!! 我 要 吃 !!!

GorgeousOng      ( Date: 24-Sep-2013 19:58) Posted:


嘻 嘻 !

小 心 发 肥 ! 身 材 会 不 苗 条 喔 !



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24-Sep-2013 21:03 Wilmar Intl   /   Wilmar - Watch for a Strong Rally to Come!       Go to Message
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Wilmar International ST: the bias remains bullish.
Trading Central | 2013-09-24 02:16:00


Update on supports and resistances.

Pivot: 3.06

Our preference: Long positions above 3.06 with targets @ 3.44 & 3.54 in extension.

Alternative scenario: Below 3.06 look for further downside with 2.85 & 2.68 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Key levels
3.75
3.54
3.44
3.25 last
3.06
2.85
2.68

Copyright 1999 - 2013 TRADING CENTRAL
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