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26-Jul-2010 09:18

Others / Photographying Floods can be risky too

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Fighting future floods

Early warning system to alert Joo Chiat residents to future incidents

Hetty Musfir ah

hetty@mediacorp.com.sg

SINGAPORE

This information would be compiled into a register and — should a flood strike — grassroots leaders would be activated to call and warn residents.

“We are offering this kind of liaison network,” he said. “If anything, it can help residents feel more assured, more secured and empowered.”

Mr Chan added that the taskforce wants to be part of a bigger emergency response plan that he hopes the government will consider. During the dialogue session held at Siglap South Community Centre yesterday, PUB promised to improve the drainage system in Joo Chiat and will set up an earlywarning system for them. Works are also underway to deepen and widen the Siglap Canal, a major water artery in the area that is linked to the sea. Residents shared with PUB their experiences during the recent flash floods, with the one on July 17 hitting them hard.

Some even suggested building a barrage across the canal.

PUB director for catchment and waterways Tan Nguan Sen replied that for a barrage to be built, land has to be set aside for a pumping station, adding that flood barriers could be installed instead.— A community alert and response network to fight future floods could take shape in Joo Chiat, if Member of Parliament Chan Soo Sen has his way. Speaking at a dialogue session between Joo Chiat residents and the Public Utilities Board, Mr Chan said a taskforce could be set up to collect information like phone numbers and addresses of residents.

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26-Jul-2010 09:02

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

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SINGAPORE
In the interim, the Housing and Development Board will roll out 18,000 to 19,000 flats this year.
“I hope with HDB pushing out a record number of flats this year, this imbalance will be redressed over the medium term,” Mr Mah said on the sidelines of HDB’s final community celebration for its 50th anniversary.
Some 9,000 build-to-order (BTO) units have been launched in the first half of the year, and another 7,000 flats will go on sale over the coming months. There will also be executive condominiums, Design, Build and Sell Scheme flats and some Sale of Balance flats, totalling about 2,000 to 3,000 units.
“If you’re a first-time buyer, there’s more than enough flats for you. But if you’re a second-timer, you have to compete in the market with the first-timers and others, and this equilibrium in the prices will be reached at a point in time in the medium term as we push out this supply,” said Mr Mah.
Property experts told MediaCorp that the European debt crisis, the possibility of a double dip recession and a possible rise in interest rates may also impact price stability.
“The factors that suddenly come together to push up prices, if it’s not due to demographics — permanent residents and investor buying — can disappear just as quickly as (they) came,” Chesterton Suntec International research and consultancy director Colin Tan said. Demand is also hard to predict.
Mr Mah said the indication is that there will be “some slowdown” in the economy later this year.
Ngee Ann Polytechnic real estate lecturer Nicholas Mak said that “discretionary buyers” — those who can wait or have other housing options — are choosing to buy now “because they fear prices will rise”.
He added: “If enough of them go into the market, it becomes a selffulfilling prophecy.”
Agreeing, Mr Tan cautioned about a possible downside to a sharp rise in supply in just one year.
“If the demographics don’t support this, there’ll be a huge boom-and-bust cycle,” he said.
For now, Mr Mah recognised that the concern is over the Cash-Over-Valuation (COV) quantum. The latest median figure is $30,000.
But he stressed this had to be decided by the market.
“It’s in the interest of buyers to have low COVs, but it’s in the interest of sellers who own the flats to have high COVs.
“So, between these two groups, we must let them fight it out. The Government is not able to settle or fix COVs to say that it should be this or this figure,” he said.
“The Government prefers not to interfere. But we can interfere in the supply. This is something we can control.
“And I say again, we’re going to push out enough flats for firsttimers. That’s the promise we’ve made, and that’s the promise we intend to keep.”
But we can interfere in the supply. This is something we can control.
And I say again, we’re going to push out enough flats for first-timers. That’s the promise we’ve made, and that’s the promise we intend to keep.— Along with strong economic fundamentals, the RED HOT HDB resale market is a result of an imbalance in demand and supply, and it will take a year or so for prices to stabilise, National Development Minister Mah Bow Tan said yesterday.The Government prefers not to interfere.

Minister Mah Bow Tan

Watch it >> channelnewsasia.com

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26-Jul-2010 08:51

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

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Righting an ‘imbalance’

Red-hot HDB resale market will take a year to stabilise: Mah

ESTHER NG

estherng@mediacorp.com.sg

The Government prefers not to interfere.

But we can interfere in the supply. This is something we can control.

And I say again, we’re going to push out enough flats for first-timers. That’s the promise we’ve made, and that’s the promise we intend to keep.

Minister Mah Bow Tan

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26-Jul-2010 08:39

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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25-Jul-2010 17:40

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

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Price Effects of Inflation and Deflation

When the volume of money and credit riscs relarive to the volume of goods available, the relative value of each unit of money fills, making prices for goods generally rise. When the volume of money and credit falls relative to the volume of goods available, the relarive value of each unit of money rises, making prices of goods generally fall. Though man people find it difficult to do, the proper way to conceive of these changes is that the value of units of money are rising and falling, not the values of goods.

The most common misunderstanding about inflation and deflation echoed even by some renowned economists is the idea that inflation is rising prices and deflation is falling prices. General price changes, though, are simply effects.

The PRICE EFFECTS of INflation can occur in goods, which most people recognize as relaring to inflarion, or in investment assets, which people do not generally recognize as relating to inflation.

The inflation of the 1970s induced dramatic price rises in gold, silver and commodities.

The inflation of the 1980s and 1990s induced dramatic price riscs in stock certificates and real estate.

This difference in effect is due to differences in the social psychology that accompanies inflation and disinflarion. respecrively, as we will discuss briefly in Chapter 12.

The PRICE EFFECTS of DEflation are simpler. They tend to occur across the board. in goods and investmenr assers simultaneously.

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25-Jul-2010 16:44

Others / DOW & STI

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10,424.62

+102.32 (0.99%)

Jul 23 - Close

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25-Jul-2010 16:39

Others / DOW & STI

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25-Jul-2010 16:35

Trading Techniques / Trendlines

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trendlines ( Date: 25-Jul-2010 16:12) Posted:

Previous posts noted the remarkable similarity between the Bombay SENSEX and the Korea KOSPI indices. Both looking equally bullish, and both poised at crucial junctures. While price could go eitherways here in the short-term, they are both likely to go the same way. Have a look at these maternal twins below.

http://trendlines618.blogspot.com/2010/07/kimchi-curry-anyone.html

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25-Jul-2010 16:15

Others / SGX Proposes new rules & measure for short selling

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There is ONE PERFECT WIN-WIN TRANSFORMATION

to DOUBLE SGX TRADING

WHICH SGX REFUSE to CHANGE:

CHARGE BROKERAGE on TRADING PROFITS ONLY

and NOT on TRADING LOSSES.

This CREATION does nOt require additonal 1.5 hours Lunch Time Trading.

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25-Jul-2010 16:07

Others / SGX Proposes new rules & measure for short selling

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There is ONE GUARANTEED WAY

to INCREASE SGX TRADING VOLUME

WHICH SGX REFUSE TO ADOPT:

reduce Brokerage Rate to 0.08%

reduce Minimum Brokerage to S$8.00

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25-Jul-2010 16:03

Others / SGX Proposes new rules & measure for short selling

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WiLL there be a CATCH ? ? ? ?

To Increase brokerage ? ? ? ?

tanstg ( Date: 24-Jul-2010 09:31) Posted:

SGX has proposed new rules and measures to provide more information & transparency on short selling activities.

Here are what they have included:

Mark all sell orders, either as normal sell order or a short sell order.

SGX intends to report the short sales volume and value by counter for each trading day with the collated data. To facilitate the marking of selling orders, SGX requires its Trading Members to put in place procedures to ensure that customers indicate their sell orders. To read more, read them on SGX website or Today's paper dated 24 Jul 2010.

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25-Jul-2010 16:01

Others / SGX Proposes new rules & measure for short selling

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INSIDER should NOT be ALLOWED to transfer shares to NOMINEE ACCOUNTS    ? ? ? ?

and use NOMINEE ACCOUNTS TO TRADE    ? ? ? ?

and NOT REPORTING IT AS INSIDER TRADING   ? ? ? ?

ALL INSIDER TRADINGS should be CLASSIFIED and INDICATED IMMEDIATELY in the MARKET DEPTH and nOt wait for one week when the ACTION is ALL OVER    ? ? ? ?

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25-Jul-2010 15:55

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

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Monday: 26th JULY 2010

STI > 3000

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25-Jul-2010 15:52

Others / GIC and Temasek

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HEARD:

CHINA GOVERNMENT is SMARTER

Chinese UNemployed in CHINA CITIES have UNemployment Insurance ?

Isolator ( Date: 24-Jul-2010 23:35) Posted:

If Singapore really doing very well with so many foreign investment, why not we create a labour LAW to protect all level of workers with retrenchment package, higher minimum wages, maximum work hour, increase CPF back 20%, etc... Make it a LAW where company MUST follow... Protect the people warefare should be the piority. If China can do it, why not Singapore...

If Singapore can't do this, it mean the government is not performing. Then they should have BIG pay cut (Head cut too) for all world class pay top management including those GLC or related firm.... Also reduce their other benefits.... Singapore have waste too much money on them.... But unfortunately, they are too powerful to allow this to happen to themselves.... After election, I am very sure there will be more juice squeezing policy to squeeze dry the lower and especially the middle income group... sigh....

Bear in mind, Singapore is a country not a company. It should NOT be control by a group of people who only work to benefit themselves the most... Take care!

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25-Jul-2010 15:32

Neptune Orient L Rg / NOL

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ORDER NEW CONTAINER SHIPS ? ? ? ?

WHEN there is STiLL SPARE CAPACITY ? ? ? ?

UNBELIEVABLE

Blastoff ( Date: 22-Jul-2010 07:48) Posted:

NOL GROUP ORDERS NEW CONTAINER SHIPS

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_10DA86029352C060482577670040C370/$file/DSMEShips_21Jul10.pdf?openelement

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25-Jul-2010 15:15

C&O Pharm / C&O Pharm writeup

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TARGETS:

OCBC ?

DBS ?

Kepland ?

SembMarine ?

GoldenAgr ?

alexchia01 ( Date: 23-Jul-2010 13:13) Posted:

My Long Counters.

I'm holding C&O Pharm, Wilmar, HKLand US$, GoldenAgr, HL Asia, Noble Grp, Capitaland, SoundGlobal and UE.

I'm looking to Buy SembMar and StraitsAsia.

My Short Counters.

I'm holding short position for DBS and OCBC Bk.

I'm looking to Short CapitaMall, Genting Sp, HL Fin, KepLand, SIA and SIA Engg.

Please note these are just my position and plan. This is not a call to Buy or Short. You invest at your own risk.

novicetrader ( Date: 23-Jul-2010 01:18) Posted:

Hi Alex

Thank you very much for the technicals. It is very comforting and reassuring to know that the technicals are still intact. Unfortunately not many of us are well verse with the chartings, hence any technical analysis is always welcomed and appreciated and of great help to novices like me, a novicetrader. I rely a lot on the recommendations by the stock brokering houses and have lost my trousers following their recommendations.

Care to share what other counters you are in?

Have you considered starting Alexchia blog Smiley

, I am sure you will get a lot of followers there.

Tonight DJI is cheong, at the present moment it is up 220 points, or 2.18 %, and Nasdaq 2.55%. Tomorrow will be a bountiful day for STI...cheers

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24-Jul-2010 19:46

PacShipTr US$ / PST

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SINGAPORE : Pacific Shipping Trust (PST) has said it will distribute 0.79 US cents per unit for the second quarter ended June 30.

This is approximately 20 per cent lower than the same period a year earlier.

PST said the lower distribution was due to additional cash retention which started in the third quarter of last year, of which 30 per cent of distributable income was retained as compared to 10 per cent previously.

The trust said the policy of preserving cash has enabled PST to acquire two new 180,000 Dead Weight Tonne Capesize Bulk Carriers as was announced last month.

Gross revenue for the second quarter slid 2 per cent to US$15.1 million.

For the first six months of this year, gross revenue edged down one per cent to US$30.3 million.

Going forward, PST expects to add additional contracted revenue of about US$194 million in late 2011.

That is when the 10-year time charter contracts for its two new Capesize Bulk Carriers to Chinese steel firm Shagang become effective.

- CNA/al

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24-Jul-2010 19:41

COSCO SHP SG / CoscoCorp

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TARGET S$2.10

Talkhead ( Date: 23-Jul-2010 19:49) Posted:

From The Edge...

Turning point for China stocks

Increasingly, market strategists are turning positive on the Chinese markets, which have been in decline for much of the year. Today, Sean Darby, chief equity strategist atNomura Securities says he is bullish on China because monetary indicators seems to be moving in the favour of the equity investor.

This happens when M1 growth is running faster than the monetary base and when M1 is growing faster than real industrial production, a measure of excess liquidity. The Shanghai Composite is now up 8.8% from its Jul 5 low of 2,363 although it is still down 21% year-to-date.

If the Chinese market has indeed seen its low, what stocks could benefit? One which stands out is Chinese government-linked shipbuilder Cosco Corporation. Th S-chip has gained 31.7% year-to-date, ending at $1.62 today. Yesterday, Cosco announced it had secured a turnkey EPC (engineering, procurement and construction) contract worth more than US$500 million ($687 million) from Chinese customer Dalian Deepwater Development to build deepwater drillship DP3. Delivery is expected in 3Q12.

Rohan Suppiah, analyst at Kim Eng Research, writes in a report that this contract was possible because of available financing in China. The drillship, when built, will be one of the most advanced in the market. The drillship features a separate production “moon‐pool” and its variable deck‐load capacity, deck space and cargo storage capacity will also be the highest for any drillship ever built. It will have a storage capacity for one million barrels of crude too.

While some analysts are concerned about Cosco’s ability to complete the vessel, earlier this year, the S-chip successfully delivered a state-of-the-art driller to Sevan Marine, prompting a repeat order from the Norwegian company. With the latest contract fromDalian, Cosco’s year-to-date wins total US$1.55 billion. In April, DBS Group Research estimated contract wins of US$1.65 billion for the full year.

Suppiah of Kim Eng has upgraded Cosco’s earnings for FY11 by 11% to $267.2 million, and for FY12 by 5% to $285.9 million. He says Cosco currently trades at 13.5 times FY11F PER, below the sector average at around 16 times. “Cosco has seen the worst from the last downturn, and is set to resume its growth trajectory over the next two years. Our new target price is $2.10, based on growth price‐to‐book valuation of 4.2 times,” Suppiah writes.

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24-Jul-2010 19:34

Others / GIC and Temasek

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For the TRUE C-Tier: CEO/ CFO/ COO/ Cnn

And the TRUE M-Tier: FM/ AM/ HRM/ OM/ SM/ Mn

they are paying the EXPATRIATES much much more . . . .

nOt those SME FAKE Managers who are PAID on S$1,5000 but applied for and holding the

S$2,500 Work Permits ? ? ? ?

out-of-the-box ( Date: 24-Jul-2010 19:15) Posted:

I am in the industrial field day in and out dealing with almost 80% WP, SP and EP from all over. But my Singaporean graduate friends mostly out of job, why? Simple, they have to pay more, even if they ask for the same pay, employer's mind thinking is they are not for long.

As long as there is option for cheaper workforce and outsider who wants to be here with mean packages, it's deal. The end result is more people coming to share the same size of cake.

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24-Jul-2010 19:28

Others / GIC and Temasek

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MANAGEMENT FOREIGNIZATION PROCESS

is NOT SEEN in OTHER ASIAN COUNTRIES ? ? ? ?

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