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STI to rebound after testing 3012
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risktaker
Supreme |
08-Nov-2012 17:58
Yells: "Sometimes you think you know, but in fact you dont" |
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do u believed ? ..... we will rebound..... |
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yabbest
Senior |
10-Oct-2012 13:12
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Investment Strategies For October By Daniel Loh inShare This Friday could provide an indication whether October will be trending up or down. From historical statistics, the last three months of election year tends to be up-trending for stocks. Let us see if this is true this year. If so, it would be a terrific opportunity to buy in with the Dow Jones Industrial Average dropping six out of eight straight days recently. On Wednesday, the Dow recovered to close in the green when ADP employment report, also a jobs report albeit compiled by a private listed company, came in better than expectations. However, this Friday’s non-farm payroll report, which is a government report, will hold much more significance. The Institute of Supply Management (ISM) report proved to be good on 1 October too. In fact, so far this week, all the ISM reports are better than expectations, even for the ISM non-manufacturing and ISM manufacturing prices. Take a look at the figures below. To put it simply, that means that enterprises are doing well this month, reversing last month’s fortunes! The main reason is probably because enterprises are now increasing their production to keep up with the demand of the festive season in November and December. For those who are worried we are going into a recession with the poor enterprise and production figures last quarter, be prepared to be disappointed. There probably won’t be a recession. As an investor, we need to know the cycles of production. It is normal that companies slow down in the third quarter. But it is usually the contrary for the fourth quarter. The strategy now is probably to wait for Friday’s non-farm payroll report. If the data is good, it means that both the jobs and enterprises are doing well. When these two are doing well, be prepared for a good market rally. October might not be as fearful this year, especially when it is election year. Investment Strategies for this month 1) If Friday’s non-farm payroll is better than expectations, we suggest investing in some stocks as we expect November and December to be bullish given the festive season. 2) If Friday’s non-farm payroll is worse than expectations, it is best to remain on the sidelines. Wait for opportunities to buy when confidence returns. A good indication would be a triple digit increase in the Dow. 3) Be prepared for the upcoming earnings season where most companies will issue their financial reports. For short term players (less than two weeks), be prepared to liquidate your stock positions before earnings as it involves risk to hold through the earnings date. For US traders, do take note that the third quarter earnings results from some companies may disappoint. 4) For this quarter, look out for and invest in companies that beat their earnings expectations. One simple way to find out is that the stock goes up on its earnings release date. For Singaporeans, do call your brokers to find out more about the release dates of the earnings reports. —————————————————– |
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yabbest
Senior |
10-Oct-2012 09:43
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GLOBAL MARKETS-Europe woes, US earnings season hit shares, euro MKTS/GLOB SE ASIA STOCKS-Weaker amid global growth worry . SO STOCKS TO WATCH -- FRASER AND NEAVE LTD FRNM.SI - Fraser and Neave said it received an unsolicited binding cash offer from a third party to buy its hospitality and serviced residence business for about S$1.4 billion. However it will not respond to the offer as it is constrained from undertaking the sale of any material assets during an ongoing offer from TCC Assets to buy the whole company. ID:nSNZ4m8sC2 -- CAPITALAND LTD CATL.SI - CapitaLand Ltd, Southeast Asia's largest property developer, said on Tuesday that Lim Ming Yan will become its new chief executive officer and president from Jan 1. ID:nL3E8L950T -- NOBLE GROUP NOBG.SI - Noble Clean Fuels on Tuesday became the latest energy company to expand its presence in Britain's growing liquefied natural gas market as it signed an agreement to import spare LNG at the country's South Hook terminal. ID:nL6E8L9GBD -- LIPPO MALLS INDONESIA RETAIL TRUST LMRT.SI - Lippo Malls said it will buy four retail assets in Indonesia for a total for S$180.7 million. ID:nSNZbyn7R4 -- MAPLETREE LOGISTICS TRUST MAPL.SI - Mapletree Logistics Trust said it has appointed Ng Kiat to be its chief executive officer and executive director, replacing Richard Lai. ID:nSN3gGhmC |
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yabbest
Senior |
10-Oct-2012 09:40
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China insurers, sovereign wealth fund boost stock holdings-paper 10 Oct 2012 09:00 SHANGHAI, Oct 10 (Reuters) - China's major insurance companies increased their combined stock holdings by more than 10 billion yuan ($1.6 billion) over the last three trading days and will continue buying equities, the official Shanghai Securities News said on Wednesday. The newspaper said the purchases were a concerted move triggered by sharp falls in blue chip stocks and the report is likely to be seen as evidence that Beijing is acting to support stock markets. The insurers, which include China Life Insurance Co Ltd 601628.SS , Ping An Insurance (Group) Co of China Ltd and PICC Property and Casualty Co Ltd 2328.HK , are expected to boost equity holdings by at least 40-50 billion yuan during this round of share purchases as their exposure to stocks is near historic lows, the newspaper said. China's stock market is down about 4 percent so far this year, after falling 22 percent last year. On Tuesday, China shares posted healthy gains and lifted Hong Kong markets to near a five-month high as hopes of more market-supporting measures from Beijing spurred rallies in large-cap banking and energy shares. Separately, Central Huijin, a unit of China's sovereign wealth fund, increased holdings in Industrial and Commercial Bank of China 601398.SS and Bank of China 601988.SS , by 6.3 million shares and 18.8 million shares respectively during the third quarter, the paper said. Over the past three trading days, Ping An bought shares in China's top four state-owned banks while PICC increased its equity exposure mainly through buying mutual funds, the newspaper said. ($1 = 6.2878 Chinese yuan) (Reporting by Samuel Shen and Kazunori Takada Editing by Edwina Gibbs) ((samuel.shen@thomsonreuters.com)(+86 21 6104 1789)(Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net)) Keywords: CHINA INSURERS/STOCKS |
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risktaker
Supreme |
10-Oct-2012 09:17
Yells: "Sometimes you think you know, but in fact you dont" |
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support for rebound ..... |
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