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Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.12% while the Hang Seng is up 0.14%. The Nikkei up0.54%

Asian Indexes

Index	Country	Change	% Change	Level	Last Update
Australia ASX All Ordinaries	Australia	-23.30	-0.45%	5,165.60	1:59am ET
Shanghai SE Composite Index	China	+2.49	+0.12%	2,125.61	2:04am ET
Hang Seng	Hong Kong	-32.01	-0.14%	22,362.57	2:04am ET
Mumbai Sensex	India	+348.57	+1.91%	18,583.23	2:04am ET
Nikkei 225	Japan	+64.05	+0.46%	14,042.49	1:59am ET
Taiwan TSEC 50 Index	Taiwan	-4.93	-0.06%	8,083.44	1:33am ET

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04-Sep-2013 14:04

Tiong Woon / Tiong Woon

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Bo Pian ! Must get east wind blow BBs here ! lol

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04-Sep-2013 13:57

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

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LIM & TAN ON STOCK MARKET

On average, the past 3 years has seen the S& P 500 index fall an average of 14-15% till Oct, but so far
the index has only fallen 5% from its Aug?13 high....

While Singapore?s STI index?s 13% decline has almost matched its average decline of about 14% in the past 3 years, we note that investor sentiments in the local market have turned speculative in recent times with SGX having queried Rowsley and Informatics as their share prices were chased up on higher than normal volumes.

Speculators have also been lapping up on obscure names such as Albedo, China Environment, Tritech and CNA.

This is despite key insider selling shares in these companies.

This is what famous investor Jeremy Grantham has termed ?dash for thrash?.
We are thus turning cautious on the Singapore market, notwithstanding that the index having already declined 13% from its Aug?13 peak.

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04-Sep-2013 13:53

Tiong Woon / Tiong Woon

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Singapore Stock Market News

Tat Hong +3.2%, its peer to lookout for includes Hiap Tong ,Sin Heng and Tiong Woon.

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04-Sep-2013 11:51

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

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WHAT TO LOOK OUT FOR IN THE MARKETS: UOB

Asian Markets
? In Asia today, Aug HSBC Services PMIs for China, Hong Kong and India will be announced. China?s Services PMI (Jul: 51.3) will be due at 9.45 am and could mirror the slight dip in the Aug official non-manufacturing PMI to 53.9 in Aug from 54.1 in Jul.
...
? Singapore?s 3Q MAS Survey of Professional Forecasters could be released later today.

? AXJ currencies were broadly lower against USD on Tue even as KRW continued to outperform on the back of stronger data. In data released this morning, South Korea?s FX reserves rose to a fresh record high at the end of Aug, up US$1.38 bn from Jul to US$331.09 bn.

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04-Sep-2013 11:48

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

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SINGAPORE DAYBOOK: CH Offshore, China XLX Fertiliser, COE

CH Offshore Ltd. (CHO SP) enters two bareboat charters for 3 years each charterer has option to buy each vessel at expiry of charter period, according to exchange... filing.

WHAT TO WATCH:
* China XLX Fertiliser (CXLX SP) says entered commissioning phase of 4th production plant expected to start trial output in Sept. 2013
* SBI Offshore (SBIO SP) says Seet Chong Jeng resigns as CFO
* Global Logistic (GLP SP) unit GLP J-REIT plans to raise as much as 23b yen in an additional share sale in Tokyo to acquire properties and to repay debt
* Rowsley Ltd. (ROWS SP) says co. had announced proposal to buy entire stake in RSP Architects, which may explain increase in shrs
* AVIC International Maritime (AVIC SP) names Zhang Yiqiong as vice president

MARKETS:
* S& P 500 up 0.4% to 1,639.77
* Stoxx Europe 600 down to 301.78
* MSCI Asia Pacific up 1.2% to 132.57
* Straits Times Index little changed at 3,054.78

ECONOMY:
* Singapore to release auction results for car-ownership licenses known as certificate of entitlement, or COE

BTV:
* 07:10am: Huntington Asset Sr Portfolio Manager Peter Sorrentino
* 07:40am: Delta Group Founder/Honorary Chairman Bruce Cheng
* 08:10am: British Virgin Islands Premier Dr. D. Orlando Smith
* 08:40am: Newspoll CEO Martin O?Shannessy
* 09:10am: OCBC Bank VP of Wealth Management Vasu Menon
* 09:40am: Moody?s Analytics Economist Matthew Circosta
* 10:10am: Macquarie Analyst Daniel Kim
* 10:40am: StanChart Global Head FX Strategy Callum Henderson
* 11:10am: JP Morgan Australia Chief Economist Stephen Walters

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04-Sep-2013 11:45

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

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Market Recap

US equities climbed slightly on Tuesday following positive data on global manufacturing and as President Obama gained support for a military strike against Syria.

Eight of the 10 sectors of the S& P 500 Index advanced, with the leader being Financials (+0.91%) and the laggard being Telecommunications (-1.84%)....

WTI Crude for Oct gained US$0.89, or 0.8%, to end at US$108.54/barrel while Oct Brent rose US$1.35, or 1.2%, to settle at US$115.68/barrel.

Gold for Dec advanced US$15.90, or 1.1%, to end at US$1,412.00/ounce and Dec Silver contract rose 92 cents, or 3.9%, to end at US$24.43/ounce.

Implications for Singapore

The poor Nikkei start (down 0.9%) is likely to weigh on local sentiments this morning.

Meanwhile, the STI has started to show signs of slowing its ascent after pushing near to the 3070 key support-turned-resistance intraday, it gave up the entire initial gains to end flat yesterday.

And with today?s tone likely to turn a tad more downside biased, we could see the index drifting lower back in the direction of the 3000 key support.

Beyond that, the subsequent base is pegged at the 2930 key trough. On the upside, we see the next hurdle at the 3130 minor support-turned-resistance.

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04-Sep-2013 10:39

Falcon Energy / Falcon Energy

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Falcon Energy Group ST: target 0.273

Trading Central | 2013-09-02 23:03:00

Alternative scenario: above 0.378, look for 0.414 and 0.436.

Our pivot point stands at 0.378.

Our preference: target 0.273.

Alternative scenario: above 0.378, look for 0.414 and 0.436.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day MA (0.34) but above its 50 day MA (0.34).

Supports and resistances:
0.414 *
0.378 **
0.364
0.34 last
0.294
0.273 **
0.253 *

Copyright 1999 - 2013 TRA

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04-Sep-2013 10:35

Vard / Vard Holdings

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Vard Holdings ST: the upside prevails as long as 0.834 is support

Trading Central | 2013-09-03 23:40:00

The MACD is above its signal line and positive.

Our pivot point stands at 0.834.

Our preference: the upside prevails as long as 0.834 is support.

Alternative scenario: below 0.834, expect 0.781 and 0.749.

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 stock is above its 20 and 50 day MA (respectively at 0.86 and 0.87).

Supports and resistances:
1.03 *
0.997 **
0.965
0.88 last
0.854
0.834 **
0.781 *

Copyright 199

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04-Sep-2013 10:33

Baker Technology / It's time to rebound ????

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Baker Technology ST: short term rebound towards 0.272

Trading Central | 2013-09-03 23:42:00

Our preference: short term rebound towards 0.272.

Our pivot point stands at 0.25.

Our preference: short term rebound towards 0.272.

Alternative scenario: the downside breakout of 0.25 would call for 0.243 and 0.239.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.26 and 0.27). Baker Technology is currently trading near its 52 week low at 0.25 reached on 01/11/12.

Supports and resistances

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04-Sep-2013 10:27

Elite KSB / Elite KSB

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Elite KSB lai leow !!?

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04-Sep-2013 09:37

SPH / SPH

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SPH down from 1/8 after XD 18c..........

1 day before XD (31/7) closing price : $ 4.39

Oversold! Yesterday MACD crossed.

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04-Sep-2013 09:14

OUE / OUE LTD worth buying for long term

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Time to wake up!!

Dividend : 21c

Ex date : 25/9 (Wed)

Recent high : $ 3.19 (15/5/13)

Recent low : $ 2.68 (24/6/13)

Huat Ah!

jiejie ( Date: 13-Aug-2013 22:45) Posted:

for the price to drop 21 cents, it seems quite far away. i think the price will reach $3 once the date for Dividend nears next month

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04-Sep-2013 05:24

China Minzhong / China Minzhong Food forum

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http://infopub.sgx.com/FileOpen/Press_Release_Offer_Unconditional.ashx?App=Announcement& FileID=255109

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04-Sep-2013 05:18

China Minzhong / China Minzhong Food forum

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Press Release

 Indofood now controls more than 50% of China Minzhong

 Offer for China Minzhong at S$1.12 per share turns unconditional

 Acquisition expected to generate long-term financial and strategic value for both Indofood and China Minzhong

Indonesia, 4 September 2013 ?

Prior to the announcement of the Offer, Indofood had owned, controlled or agreed to acquire approximately 33.49% of CMFC after having agreed to acquire, through married deals, 25.59 million shares in CMFC on 2 September 2013, which represented 3.9% of CMFC's total issued shares.

Indofood is confident that when completed, this offer will generate long-term financial and strategic value for both Indofood and China Minzhong, given the attractive growth potential of Indonesia and China. Indonesia's PT Indofood Sukses Makmur Tbk (" Indofood" ) announced on 4 September 2013, that it now owns, controls or has agreed to acquire more than 50% of Singapore-listed China Minzhong Food Corporation Limited (" CMFC" ). Following the launch of a mandatory cash offer on 2 September 2013 for CMFC at a price of S$1.12 per share (the " Offer" ) that valued CMFC at approximately S$734 million, Indofood has acquired through direct market purchases, shares in CMFC, that has taken its stake in CMFC beyond 50%. As such, the Offer will be unconditional in all respects.

Acquisition Rationale and Potential Synergies

Indofood considers China Minzhong?s business to be strategically complementary to Indofood?s business and that various opportunities exist for strategic integration and synergies, including:

?Introduction of industrialised farming in Indonesia utilising the expertise and resources of both China Minzhong and Indofood, and potentially applying that expertise and those resources in other jurisdictions in Asia pursuant to a joint venture model or other arrangements

?Supply of instant noodles seasoning pack ingredients and other raw materials by China Minzhong to Indofood and its subsidiaries

?Potential sale and distribution of China Minzhong products in Indonesia, using Indofood?s extensive distribution network in Indonesia

?Application of China Minzhong?s business model to certain of Indofood group?s business operations in Indonesia, in particular to strengthen Indofood?s supply chain and expand its product portfolio

?

　 Strategic cooperation in supply chain and product distribution in the markets of China and Indonesia

 Leveraging on Indofood?s strengths including financial, management knowledge, and expertise to further improve CMFC?s operations

 Supporting CMFC?s future investment and expansion plans with Indofood?s financial backing and further enhancing CMFC?s ability to tap debt & equity capital markets

 Enhancing CMFC?s financial performance by expanding CMFC?s international market presence to one of the fastest growing economies, Indonesia, through:

 Leveraging on Indofood?s marketing expertise and distribution network for CMFC?s consumer branded products

 Knowledge transfer from Indofood to set up distribution network in China for CMFC to carry out vertical downstream integration and capture a larger share of the food & agricultural value chain

 Expanding CMFC?s product portfolio by distributing and selling ICBP products

 Replicating CMFC?s business model on industrial and conventional farming in Indonesia



Indofood believes its acquisition of a controlling interest in China Minzhong would be mutually beneficial to both Indofood and China Minzhong and would accelerate China Minzhong?s growth and development by broadening China Minzhong?s exposure to new and existing markets.

Commenting on the Offer, President Director and CEO of Indofood, Anthoni Salim said: " As a leading Total Food Solutions company with operations in all stages of food manufacturing, China Minzhong?s integrated cultivation and processing capabilities provides a strategic fit to our business development. We could leverage on their business model, technology and expertise to strengthen our supply chain and expand our product portfolios. We believe that this strategic acquisition will be mutually beneficial to both Indofood and China Minzhong." Realization of strategic integration benefits and other synergies sought to be achieved by Indofood would be beneficial for Indofood?s parent, First Pacific Company Limited (" First Pacific" )

Confidence in CMFC

Indofood has taken all necessary steps to ensure that its investment in CMFC is prudent, including the conduct of due diligence prior to its initial investment in February 2013. Indofood is confident that the due diligence that it conducted was sufficient to provide comfort over its investment.

Following the allegations, till date, the auditors of CMFC have not withdrawn any of its audit opinion on CMFC?s past audited financials.

In response to the recent allegations made against CMFC, Indofood has noted the detailed point-by-point rebuttals of the allegations, released by CMFC on SGX on 1 September 2013 and 3 September 2013, where it has specifically addressed the allegations in detail and has provided substantiation of facts. Indofood is satisfied with CMFC?s rebuttals of the allegations and finds the rebuttals to be consistent with Indofood?s due diligence findings and analysis.

Despite the allegations, CMFC has remained transparent and open in their communication with the investor public, with clear analysis and discussion of their operating performance in their results announcement even as it strives to prepare the first rebuttal under intense time pressure. This is in line with Indofood?s policy of making timely disclosures to the investor public and also indicative of CMFC and its management?s ability to operate and thrive under adverse conditions.

It is clear that the intention of the recent allegations is to benefit from the decline in CMFC?s share price as the issuer of the malicious report has stated clearly that they maintain a short-sell in CMFC.

Well-considered Investment that creates value for all

Indofood?s decision to increase its shareholdings and making a general offer for CMFC is a well-considered investment decision.

Since the strategic alliance formed between Indofood and China Minzhong in February 2013 that laid the foundations for strategic business collaboration between the 2 companies, Indofood has been contemplating the forging of a closer relationship between the 2 companies. Preparation for the Offer commenced long before the allegations were made. Despite the recent artificial depression of CMFC?s share price, Indofood believes in according all CMFC shareholders with equal treatment by offering the same price that Indofood had paid in its previous acquisition of CMFC?s shares.

*** END ***

The directors of Indofood (including those who may have delegated detailed supervision of this press release) jointly and severally accept responsibility and have taken all reasonable care to ensure that the facts stated and opinions expressed in this press release are fair and accurate and that there are no other material facts not contained in this press release, the omission of which would make any statement in this press release misleading. Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from CMFC, the sole responsibility of the directors of Indofood has been to ensure, through reasonable enquiries, that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this press release.

About PT Indofood Sukses Makmur Tbk

PT Indofood Sukses Makmur Tbk (" Indofood" ) (IDX : INDF) is a leading Total Food Solutions company with operations in all stages of food manufacturing from the production of raw materials and their processing through to consumer products on the market.

Indofood operates four complementary Strategic Business Groups (" Group" ), namely:

 Consumer Branded Products, its business activities are conducted by PT Indofood CBP Sukses Makmur Tbk (" ICBP" ), which was listed on Indonesia Stock Exchange (" IDX" ) since 7 October 2010. ICBP is one of the leading packaged food producers in Indonesia, with a wide range of packaged food products. ICBP brands are among the strongest brands with the most significant mindshare in Indonesia for consumer food brands.

 Bogasari, primarily a producer of wheat flour as well as pasta. Its business operations are supported by shipping and packaging units.

 Agribusiness. The Group is led by Indofood Agri Resources Ltd. (" IndoAgri" ), listed on the Singapore Stock Exchange. Both of IndoAgri?s two operating subsidiaries PT Salim Ivomas Pratama Tbk and PT PP London Sumatra Indonesia Tbk are listed on the IDX. The Group?s business principal activities range from research and development, seed breeding, oil palm cultivation and milling as well as the production and marketing of branded cooking oils, margarine and shortening. In addition, the Group is also involved in the cultivation and processing of rubber, sugar cane as well as other crops.

 Distribution, which boasts the most extensive distribution network in Indonesia. It distributes the majority of Indofood?s and its subsidiaries? consumer products as well as third-party products.

(For Immediate Release)

Indofood?s bid for China Minzhong turns unconditional

Highlights

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04-Sep-2013 05:15

China Minzhong / China Minzhong Food forum

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DEALINGS DISCLOSURE ANNOUNCEMENT

5. DISCLOSURE OF INTEREST

(a)

(b)

(c)

Accordingly, as at 5.00 p.m. on 3 September 2013, the total number of (a) Shares owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it, and (b) valid acceptances to the Offer, amount to an aggregate of 338,355,382 Shares, representing approximately 51.62% of total issued Shares and approximately 51.22% of the maximum potential issued share capital of the Company. Acceptances of the Offer. As at the date hereof, the Offer has not been opened for acceptance as the Offer Document has yet to be despatched to holders of the Offer Shares. Accordingly, no acceptances of the Offer have been received by the Offeror. Shares held on or before the Offer Announcement Date. As at the Offer Announcement Date, the Offeror and parties acting in concert with it collectively own, control, or have agreed to acquire an aggregate of 219,525,382 Shares, representing approximately 33.49% of total issued Shares. Shares acquired or agreed to be acquired after the Offer Announcement Date and up to 5.00 p.m. on 3 September 2013. Following the Offer Announcement Date and up to 5.00 p.m. on 3 September 2013, save for the acquisition by the Offeror of 118,830,000 Shares, representing approximately 18.13% of total issued Shares, the Offeror and parties acting in concert with it have not acquired or agreed to acquire any Shares.

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03-Sep-2013 21:53

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

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North and South American green green !

World Markets

North and South American markets are broadly higher today with shares in Brazil leading the region. The Bovespa is up 3.65% while Mexico's IPC is up 1.61% and U.S.'s S& P 500 is up 1.00%.

North and South American Indexes

Index	Country	Change	% Change	Level	Last Update
Dow Jones Industrial Average	United States	+103.62	+0.70%	14,913.93	9:50am ET
S& P 500 Index	United States	+16.07	+0.98%	1,649.04	9:49am ET
Brazil Bovespa Stock Index	Brazil	+1,824.15	+3.65%	52,262.13	9:34am ET
Canada S& P/TSX 60	Canada	+10.81	+1.49%	737.94	9:35am ET
Santiago Index IPSA	Chile	+2.72	+0.09%	3,093.41	9:24am ET
IPC	Mexico	+647.63	+1.64%	40,140.00	9:30am ET

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