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sarahlkh
Senior |
19-Mar-2008 15:24
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Any long term view to share? Everyone is hoping for the bad news to be blow over and the sun to shine soon. Traditionally fund will be pushing up prices for a better q1 result in mar. but this year the damage is too bad to recover and money has gone into safe havens? Commodities are of cos in demand always, but not forgetting there are too much speculation involved as well. Too much speculation eventually result in fall of the prices without fundamental support and finally level off at equilibrium. With US economy slowing down for almost half a year already, things might change soon? After this period of season reporting period where most of the bad news are over, there isnt much driver in apr/may/jun except the fact that we will be approaching US economy to pick up in jun due to the stimulus package, US housing/financial mkt to stablise, olympics (aug), US election (aug/sept), F1 (sept), events which will drive mkt up. Thus would there be a return of confidence ahead of the usual mad rush in sept and we see a sustainable growth? Where high commodities prices is a fact, inflation is part and parcel, but growth still support and still drive economics activities, fundamentals should be valued in comparison to speculations. Hoping for the day to come soon. |
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AK_Francis
Supreme |
19-Mar-2008 08:44
Yells: "Happy go lucky, cheers." |
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The moral of the story is trade with care, don't let the DJ temp surge making you big head. Cheers. |
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mirage
Veteran |
19-Mar-2008 08:37
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Quotes: Singapore shares outlook - Higher on Wall Street rally after Fed rate cut and Dow Jones Rally UP 420 points. Singapore shares are expected to open higher Wednesday as Wall Street rallied overnight after the Federal Reserve cut its key interest rate by an aggressive 75 basis points, reassuring investors that the central bank will do whatever it can to keep the world's biggest economy out of recession. Better-than-expected quarterly results from US investment banks Lehman Brothers Inc and Goldman Sachs released Tuesday also relieved investors who were worried that more bad news will come from the financial sector following the collapse of Bear Stearns. The Dow Jones industrial average soared 420 points, its biggest gain in more than five years. On Tuesday, Singapore's benchmark Straits Times Index closed 40.83 points or 1.5 percent higher at 2,833.58. But decliners outnumbered gainers 349 to 331, with 988 stocks unchanged. A total of 1.6 billion shares were traded valued at 1.7 billion Singapore dollars. Given the recent spate of bad news and sharp falls in share prices in the last few weeks, some analysts believe that the market could be nearing its bottom. "We agree with a popular Wall Street folklore that failure of a US financial institution often marks a market bottom," said Lim & Tan Securities in a note to clients. But investors should still exercise caution when hunting for bargains on concerns that more banks in the US may fail, the Singapore brokerage said. |
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mirage
Veteran |
12-Mar-2008 14:01
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Quotes: Singapore shares were higher at midday Wednesday following a rally on Wall Street overnight as investors cheered the Federal Reserve's move to ease the credit crunch. After a three-day slide, the Dow made its biggest jump in more than five years Tuesday, gaining more than 416 points after the Fed promised a 200 billion dollar liquidity boost as part of a worldwide effort to help struggling banks and mortgage providers. The Fed -- acting with the European Central Bank, the Bank of Canada and the Swiss National Bank -- agreed to loan investment banks money in exchange for debt, including slumping mortgage-backed securities. "As we had expected, Fed made a move to calm the market, although it was not an interest rate cut," Westcomb Securities said in a note to clients. "However, there are still more problems to be solved including falling US housing prices and the weakening economy," said Westcomb, warning that the market will continue to be volatile. "We advise investors to buy on weakness and sell into strength." At midday, the Straits Times Index was up 74.94 points or 2.6 percent at 2,935.79, off a high of 2,976.09. Gainers outnumbered decliners 403 to 170, with 1,085 stocks unchanged. There were 973 million shares traded valued at 1.21 billion Singapore dollars. Bourse operator Singapore Exchange led the market's charge, rising 40 cents to 7.45 dollars. Banking stocks also advanced with DBS Group up 56 cents at 17.38 dollars, United Overseas Bank up 18 cents at 18.06 dollars and Oversea-Chinese Banking Corp 20 cents higher at 7.75 dollars. Among other blue chips, Singapore Telecom gained 4 cents to 3.85 dollars,Singapore Airlines jumped 26 cents to 14.96 dollars and ST Engineering added 8 cents to 3.33 dollars. Property stocks rebounded from recent falls, with CapitaLand up 28 cents at 6.17 dollars, City Developments 66 cents higher at 11.16 dollars and Keppel Land up 18 cents at 5.53 dollars. But new listings fell below their initial public offering prices, reflecting continued caution among investors. Li Heng Chemical Fibre Technologies Ltd, a China-based nylon maker, was the most actively traded stock with 88 million shares exchanged. Li Heng last traded at 76.5 cents, below its IPO price of 80 cents. Property developer Roxy-Pacific last traded at 28 cents, also below its offer price of 30 cents. |
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winsontkl
Elite |
11-Mar-2008 21:14
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rebound is sure to happen, but not so optimistic as outlook is getting weaker by the day.... |
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Hulumas
Supreme |
11-Mar-2008 18:02
Yells: "INVEST but not TRADE please!" |
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"SELL ON MARKET STRENGTH" is slowly disolved and faded. My personnal view, market will be bottomed out sooner than generally expected, perhaps entering into second quarter, I am sure shortist can't no longer make profit easilly, as buying sentiment would be greater strength rather than selling sentiment, further more QDII effect has a general market feel by every investors, as to make Beijing Olympic game great success!!! |
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Naproxen
Veteran |
11-Mar-2008 15:53
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A bear trap probably. |
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cyjjerry85
Elite |
11-Mar-2008 15:09
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greed will lure ppl in..... |
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limhpp
Veteran |
11-Mar-2008 14:55
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Is this rebound a trap!  I don't want to get caught!
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cyjjerry85
Elite |
11-Mar-2008 14:26
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the STI in the green...rare sight in recent times...isn't it a good time to sell? |
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cyjjerry85
Elite |
11-Mar-2008 11:00
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read The Business Times today? one article says that US hasn't price in the recession YET... |
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mirage
Veteran |
11-Mar-2008 08:38
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Quotes: Singapore shares are expected to open lower Tuesday following further losses on Wall Street overnight amid negative news from the US financial sector and as oil surged above 108 dollars a barrel. The Dow Jones industrial average fell more than 150 points following a slew of bad news about companies exposed to mortgages like private equity firm Blackstone Group posting a first-quarter loss due to a write-down related to the tough credit climate and a big stake in a bond insurer, and Moody's Investors Service downgrading a batch of Bear Stearns Cos' securities. On Monday, the Straits Times index fell 29.69 points or 1.0 percent to close at 2,836.59. A total of 1.3 billion shares were traded valued at 1.7 billion Singapore dollars. Decliners outpaced gainers 529 to 170 with 962 stocks unchanged. Given nagging concerns about the health of the US economy and negative news in the financial sector, the Singapore market is expected to fall further. "The STI should trend lower to 2,650 or even undershoot to as low as 2,530 before finding bottom," said DBS Vickers Securities in a note to clients. "Thus, we continue to adopt a cautious stance at this stage and will only accumulate very selectively on weakness." |
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cyjjerry85
Elite |
09-Mar-2008 23:26
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another period of red...when will the green appear again........April? or as soon as Fed announces the rate cuts...anyway i personally don't see it as such a good news as compared with the past... |
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winsontkl
Elite |
08-Mar-2008 21:52
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Saga to be continue on Monday....... |
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cyjjerry85
Elite |
07-Mar-2008 08:52
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jialat liao....this time....really big one today |
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mirage
Veteran |
07-Mar-2008 08:37
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Quotes: Singapore shares are likely to open lower after Wall Street tumbled overnight amid a deepening credit crisis. Thornburg Mortgage Inc and a Carlyle Group bond fund were the latest to reveal troubles with mortgage-related investments, sending the Dow Jones Industrial Average 214.60 or 1.8 percent lower to close at 12,040.39. Adding to the negative sentiment was more bad news about the US housing market, such as the Federal Reserve reporting that Americans' debt on their homes exceeded their equity for the first time since the central bank began tracking the figures in 1945. "The market will take any bad news as an excuse to sell down again," said Terence Wong, retail market research head at DMG & Partners. "For the next couple of months, it will be very volatile." Investors will also likely tread cautiously ahead of the release later today of the US non-farm payrolls data for February, an indication of the health of the world's largest economy. Economists polled by Thomson IFR Markets are expecting that payrolls increased by 25,000 last month. |
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cyjjerry85
Elite |
12-Feb-2008 09:14
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seems like this morning the Asia region looks directionless |
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mirage
Veteran |
12-Feb-2008 08:49
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Quotes: Singapore shares are expected to open firmer Tuesday after Wall Street rose overnight but continuing concerns about the health of the US economy may cap gains. Investors are likely to remain cautious ahead of the release of US economic data this week, including January retail sales figures due out tomorrow. "Equity markets are likely to remain volatile in the short term and could fall further if rate cuts appear to be failing to support US economic growth," Henderson Global Investors said in a note to clients. The Federal Reserve has been cutting rates aggressively and is expected to further ease its key federal funds target rate at its next meeting on March 18. Among stocks to watch include Neptune Orient Lines Ltd which may extend gains after the cargo shipping company reported its 2007 net profit rose 44 percent to 523 million US dollars as strong cargo volumes and freight rates helped offset higher fuel costs. The profit was well ahead of market expectations. Ten analysts polled by Thomson Financial had forecast net profit of 444.7 million dollars on average. On Monday, the Straits Times Index closed down 63.68 points or 2.2 percent at 2,868.29. Decliners beat gainers 422 to 260, with 1,107 stocks unchanged. Volume traded reached 1.1 billion shares, valued at 1.6 billion Singapore dollars. |
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Centaur
Veteran |
11-Feb-2008 09:37
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yeah, quite surprise to see that its still above 2900pts |
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tanglinboy
Elite |
11-Feb-2008 09:32
Yells: "hello!" |
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STI seems to be holding up well despite regional crash |
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