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STI to cross 3000 boosted by long-term investors
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SFGuyRuleZ
Veteran |
21-Aug-2013 00:26
Yells: "You are your own master.." |
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The Fed Can?t Afford to Taper QE The Federal Reserve Bank?s balance sheet looked pretty healthy in May this year. On the asset side of the balance sheet is the large amount of paper that the Fed has bought to supposedly stimulate the economy. This consists mostly of treasury bonds and notes and mortgage-back securities of a value approaching $3 trillion. On the liability side of the balance sheet is the money the Fed created to buy these instruments, most of which is in bank reserve accounts, which the banks are not allowed to lend, but they collect a bit of interest. Treasury Bond and Mortgage-backed Security prices were higher than the Fed had purchased them during QE1 and QE2 and the ongoing $85 billion/month purchases for the third round of quantitative easing, so the process had a net gain. The fact that the Fed was actually profiting from this arrangement has no doubt put Bernanke in a good light and provided political support for the process. However, since Bernanke whispered in May that the Fed will start ?tapering? these asset purchases, the market has assumed the worst, i.e., that bond prices will crash without the support of quantitative easing (although historically quite the opposite has happened when these bond purchases have ceased). Thus bond prices have fallen almost 15% since and yields have soared. This means the asset side of the balance sheet has fallen about $500 Billion, an amount not to be sneezed at, in fact over 10% of the entire US gross national product earned other those same four months. This ?lost? value could be very deflating. Also the recent drop in bond prices has had exactly the opposite effect to what the Fed has aimed to do, that is, decrease long-term interest rates. Interest rates are increasing all along the yield curve and could very easily hinder the fragile recovery we have been seeing. So the Fed is in an uneasy place right now. They need to continue buying paper assets to protect the paper assets they already have. It seems unlikely that the Fed will start an aggressive tapering sequence, especially with Bernanke retiring soon and not wanting to leave a legacy of debt for his QE process as well as a moribund economy. It would be like leaving the casino a loser ? very hard to do. I believe the Fed will be very cautious not to spook the markets and incite a run on bonds and possibly the stock markets too. They are in a position of great influence at this time with the market reacting to every word they utter. They know they can significantly improve bond prices at this point simply by doing one thing ? nothing new. By John Handbury Independent Trader johnhandbury@hotmail.com Source: http://www.marketoracle.co.uk/Article41918.html |
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SFGuyRuleZ
Veteran |
21-Aug-2013 00:10
Yells: "You are your own master.." |
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Investing.com - U.S. stock futures pointed to a steady open on Tuesday, as markets were jittery ahead of the minutes of the Federal Reserve's latest policy meeting, amid ongoing uncertainty over the future of the bank's stimulus plan. Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.01% gain, S& P 500 futures signaled a 0.03% rise, while the Nasdaq 100 futures indicated a 0.06% increase. Investors remained cautious ahead of the minutes of the Fed's July meeting, due out on Wednesday, for further indications as to when the central bank may start to unwind its USD85 billion-a-month asset purchase program. Expectations that the Fed may begin tapering as soon as next month were boosted after data last week showed that U.S. weekly jobless claims fell to an almost six year low. Auto stocks were expected to be active, after Tesla Motors, the electric-car maker led by billionaire Elon Musk, said its flagship Model S sedan received the highest crash test ratings of any car tested by U.S. regulators. The news sent shares in the company up 0.55% in after-hour trade. In company news, Blackstone Group was set to remain in the spotlight after the manager of private-equity real estate funds agreed to sell its 50% stake in London's Broadgate complex for more than USD2.66 billion. JPMorgan Chase dipped 0.02% in extended trading, after declining weekend reports that U.S. authorities have opened a bribery investigation into whether the bank hired the children of Chinese officials to help it win lucrative business. Elsewhere, Google shares eased 0.05% pre-market, after gaining over 1% for the ninth anniversary of its IPO on Monday. Other stocks likely to be in focus included Home Depot, Best Buy, Barnes & Noble, JCPenney and Saks, scheduled to post results later in the day. Across the Atlantic, European stock markets were sharply lower. The EURO STOXX 50 plummeted 1.47%, France's CAC 40 plunged 1.50%, Germany's DAX tumbled 1.09%, while Britain's FTSE 100 retreated 0.59%. During the Asian trading session, Hong Kong's Hang Seng Index dove 2.20%, while Japan's Nikkei 225 Index sank 2.63%.Source: http://www.moneycontrol.com/news/international-markets/us-futures-steady-fed-minutesfocus-dow-jones001_938571.html |
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WanSiTong
Master |
20-Aug-2013 22:11
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RE : US Stocks
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WanSiTong
Master |
20-Aug-2013 22:08
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Stocks posted slight gains before the bell Tuesday, after four consecutive days of losses amid speculation about when the U.S. will begin to tighten monetary policy." No new news, just the same fear," wrote Societe Generale analyst Kit Juckes in a market report. The release Wednesday of minutes from the Federal Reserve's last monetary policy meeting will be closely watched for clues as to when the central bank will begin tapering its $85 billion a month in bond purchases. |
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Bigmama
Master |
20-Aug-2013 21:57
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Rebound tomorrow. | ||||
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gufeng88
Senior |
20-Aug-2013 19:01
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Short sell orders executed on 20 August 2013 http://www.sgx.com/wps/wcm/connect/sgx_en/home/market_info/short_sale/short_sale_daily/DailyShortSell20130820.txt |
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SFGuyRuleZ
Veteran |
20-Aug-2013 18:29
Yells: "You are your own master.." |
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QE tapering is an ultimate certainty once it's goal of stimulating and recovering the global economy is achieved. The only uncertainty is when? I personally feel it won't be that soon for tapering too soon would be extremely dangerous and backfire. Just my thought.. What a bloody day.. =( |
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WanSiTong
Master |
20-Aug-2013 17:28
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Asia?s benchmark stock index headed for the biggest drop in two months as investors sold riskier assets across the region after concern the U.S. will cut stimulus drove Treasury yields to a two-year high. QBE Insurance Group Ltd. (QBE) sank 5.5 percent as first-half net income at Australia?s largest insurer by market value plunged 37 percent. BHP Billiton Ltd. (BHP) dropped 1.4 percent in Sydney before the world?s biggest miner reported profit that missed analyst estimates. Everbright Securities Co. (601788) slumped 10 percent in Shanghai as trading resumed after an error at the Chinese brokerage whipsawed stocks last week. A statue of a bull stands in front of an electronic board displaying the closing figure of the Jakarta Composite Index (IDX Composite) at the Indonesia Stock Exchange in Jakarta on Aug. 19, 2013. Photographer: Dimas Ardian/Bloomberg Aug. 20 (Bloomberg) -- Sean Darby, chief global equity strategist at Jefferies Group Inc. in Hong Kong, talks about the outlook for markets in Asia and his investment strategy. He speaks with Susan Li on Bloomberg Television's " First Up." (Source: Bloomberg) The MSCI Asia Pacific Index slid 1.8 percent to 131.33 as of 4:25 p.m. in Hong Kong, with all 10 industry groups on the gauge sliding at least 1 percent. Almost seven shares fell for each that rose on the measure, which is on course for its lowest close since July 8. Every market declined across the region except for New Zealand and Pakistan. ?It?s a very uncomfortable period,? Richard Yetsenga, head of global markets research in Sydney at Australia & New Zealand Banking Group Ltd., told Bloomberg TV. ?This has further to run before we look to get back in. Asia as a whole, even though the data?s probably OK, is not going to feel like a great place for a while as we adjust to the new world order where U.S. bond yields are going up, not down.? Japan?s Topix index retreated 2.1 percent. Australia?s S& P/ASX 200 Index fell 0.7 percent as it declined a fifth day, the longest streak of losses in three months. New Zealand?s NZX 50 Index gained 0.1 percent. South Korea?s Kospi index slipped 1.6 percent. Hong Kong?s Hang Seng Index dropped 2.2 percent and the Hang Seng China Enterprises Index (HSCEI) sank 2.9 percent, the most since July 3. China?s Shanghai Composite slid 0.6 percent. Taiwan?s Taiex Index lost 0.9 percent and Singapore?s Straits Times Index retreated 1.7 percent. China, FedThe Asia-Pacific measure gained 3.4 percent this year through yesterday, lagging a 15 percent surge in the Standard & Poor?s 500 Index as growth slows in China and speculation that the Federal Reserve will curb bond buying spurred investors to sell assets across Asia and emerging markets. Investors will be watching the release of the Federal Open Market Committee?s July meeting minutes tomorrow for hints as to when the stimulus draw down will begin. The Asia-Pacific gauge yesterday traded at 13 times estimated earnings compared with 14.9 for the S& P 500 Index and 13.9 times for the Stoxx Europe 600 Index, according to data compiled by Bloomberg. The Jakarta Composite Index fell as much as 5.8 percent, extending a retreat to more than 20 percent from this year?s peak. Thailand?s SET Index (SET) slumped 3 percent, heading for its lowest close since December. India?s S& P BSE Sensex gauge lost 0.9 percent. Indonesia?s record current-account deficit and Thailand?s recession spurred concern that capital outflows from emerging markets will accelerate. Emerging MarketsEmerging markets from Brazil to Indonesia have raised borrowing costs in 2013 to try to aid their currencies as the prospect of reduced U.S. monetary stimulus curbs demand for assets in developing nations. S& P 500 futures fell 0.2 percent today. The U.S. equities gauge yesterday completed its first four-day decline of the year as energy shares dropped and Treasury yields jumped to a two-year high. Japan?s Topix gained 31 percent this year, the world?s best-performing developed equity market, amid optimism Prime Minister Shinzo Abe will push through reforms while the central bank provides record stimulus to spur an economic recovery. Trading volume on the gauge yesterday fell to the lowest level since December as investors took summer vacations. Raw MaterialsQBE fell 5.5 percent to A$16.10 in Sydney. Net income dropped to $477 million in the six months ended June 30, missing the $555 million median estimate of seven analysts surveyed by Bloomberg News. Raw-material shares fell as metals prices sank. Jiangxi Copper Co., China?s biggest producer of the metal, slid 4.4 percent to HK$14.84 in Hong Kong. BHP Billiton fell 1.4 percent to close at A$36.54. The miner reported after the close that net income dropped to $10.9 billion in the year to June 30 from $15.4 billion a year ago. Profit, excluding one-time items, was $11.8 billion, missing a median forecast of $12.7 billion of seven analysts surveyed by Bloomberg. The S& P GSCI index of commodities dropped 0.8 percent today after the London Metal Exchange Index of industrial metals declined 1.3 percent yesterday. Everbright slumped 10 percent, the daily limit for losses in Shanghai, as trading resumed. The China Securities Regulatory Commission banned the state-controlled brokerage, the country?s 12th-largest by revenue, from proprietary trading for three months after 23.4 billion yuan ($3.8 billion) of erroneous buy orders on Aug. 16. |
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Tomique
Master |
20-Aug-2013 16:41
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STI 2500, a pipe dream? Who knows.. hehe.. | ||||
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Octavia
Elite |
20-Aug-2013 16:35
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Asia's role as the world's growth engine is waning as economies across the region weaken and investors pull out billions of dollars. The clouds forming in Asia as liquidity tightens and China?s slowdown curbs demand for commodities and goods are fueling a selloff of emerging-market stocks, reversing a flow of money into the region in favor of nascent recoveries in the U.S. and Europe. The Indian rupee fell to a record low yesterday, Thailand is in recession and Indonesia?s widest current-account deficit pushed the rupiah to the lowest level since 2009. Chinese banks? bad loans are rising and economists forecast Malaysia will post its second straight quarter of sub-5% growth this week. Amidst the bad news, expect the Singapore mkt to be dragged into the quagmire as well. Banks are a big constituent in the benchmark STI, hence one of the likely proxies for sell of if macro funds wish to express their bearish view on the market. |
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bishan22
Elite |
20-Aug-2013 16:05
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STI next support based on fibo lines is 3060. Good luck. | ||||
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Octavia
Elite |
20-Aug-2013 15:43
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Indonesian stocks tumbled to the lowest valuations in 13 months, as foreign investors sold a net US$169m of shares, the biggest outflow since 21 Jun. The index wiped out this year?s gains and traded at 13x fwd P/E, the lowest level since June 2012. The sell off was likely spurred by the rupiah's decline , touching 10,500 per USD yday for the first time since 2009, after central bank data showed the current-account deficit widened to a record US$9.8b in 2Q13, from US$5.8 b qoq. Worse-than-estimated economic data this month exacerbated the declines. The economy grew less than 6% for the first time since 2010 in 2Q. Market watchers note, further declines in the rupiah may cause foreign-exchange losses for overseas investors and an unstable outlook for businesses that need to hedge currency risk. | ||||
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ozone2002
Supreme |
20-Aug-2013 13:38
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Capital Flows Back to U.S. as Markets Slump Across Asia By Shamim Adam and Kevin Hamlin - Aug 19, 2013 Asia?s role as the world?s growth engine is waning as economies across the region weaken and investors pull out billions of dollars. The Indian rupee fell to a record low yesterday, Thailand is in recession and Indonesia?s widest current-account deficit pushed the rupiah to the lowest level since 2009. Chinese banks? bad loans are rising and economists forecast Malaysia will post its second straight quarter of sub-5 percent growth this week. The clouds forming in Asia as liquidity tightens and China?s slowdown curbs demand for commodities and goods are fueling a selloff of emerging-market stocks, reversing a flow of money into the region in favor of nascent recoveries in the U.S. and Europe. Emerging markets from Brazil to Indonesia have raised borrowing costs in 2013 to try to aid their currencies as the prospect of reduced U.S. monetary stimulus curbs demand for assets in developing nations. ?The eye of the storm is directly above emerging markets now, two years after it hovered over Europe and four years after it hit the U.S.,? said Stephen Jen, co-founder of hedge fund SLJ Macro Partners LLP in London and former head of foreign-exchange strategy at Morgan Stanley. ?This could be serious for Asia.? Almost $95 billion was poured into exchange-traded funds of American shares this year, while developing-nation ETFs saw withdrawals of $8.4 billion, according to data compiled by Bloomberg. Signs of a stronger U.S. economy may prompt the Federal Reserve to begin paring its $85 billion in monthly bond purchases as soon as next month. Swinging Back ?The pendulum is swinging back in favor of the advanced countries,? said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which oversees about $130 billion. ?It?s one of these things that happens once a decade or so when you see a turn in relative performance. We?ve entered a tougher, more difficult period? for Asia. In the past three months the MSCI Asia Pacific Index has fallen 7.7 percent, compared with a 1.2 percent decline in the Standard & Poor?s 500 Index and a 1.6 percent drop in the Stoxx Europe 600 Index. Developing Asia will grow 6.9 percent in 2013, the IMF said in July, cutting its forecast by 0.3 percentage point. Yesterday, India?s benchmark index dropped 1.6 percent, Indonesia?s lost 5.6 percent while Thailand?s fell 3.3 percent. Indian policy makers led by Prime Minister Manmohan Singh are battling to stem the rupee?s plunge, attract capital flows to bridge a record current account deficit and revive growth. The currency has weakened about 28 percent versus the dollar in the past two years, reviving memories of the early 1990s crisis, when the government received an International Monetary Fund loan as foreign reserves waned. Indian Problems ?It seems now the pain is going to be in the emerging markets,? said Nitin Mathur, an analyst in Mumbai at Espirito Santo Investment Bank who expects sectors with higher valuations such as consumer goods to suffer the biggest declines. ?The problems in India are not temporary blips. The problems are much more serious which will take a lot of effort to get resolved.? In Thailand, the economy entered recession last quarter for the first time since the global financial crisis. Toyota Motor Corp. said last month industrywide car sales in Thailand will fall 9.5 percent this year. The government cut its 2013 growth forecast yesterday as exports cooled and local demand weakened, with higher household debt restricting scope for monetary easing. Thai Credit Thailand?s private-sector credit as a share of gross domestic product has ?increased significantly? in recent years raising concern about financial stability, Krystal Tan, an economist at Capital Economics Ltd. in Singapore, said in a Bloomberg Brief commentary. Taiwan last week cut its 2013 growth and exports forecasts and said the global outlook for the second half is worse than in May. The island?s export orders probably fell for a sixth month in July, a Bloomberg survey showed before data due today. ?We are seeing a turning point,? said Freya Beamish, Hong Kong-based economist with Lombard Street Research, who says China?s competitiveness has been hurt by labor costs that are 30 percent too high. ?China?s seeing flat to falling growth on our estimates so the region?s clouds are already here.? Sentiment is also being subdued by the prospect of a decline in U.S. stimulus, money that often finds its way to export-based countries in payment for goods. Investors will be looking for clues on how quickly the U.S. Federal Reserve will trim its $85 billion in monthly asset purchases when the Federal Open Market Committee?s July meeting minutes are released on Aug. 21. Flow Reversing The $3.9 trillion of cash that flowed into emerging markets over the past four years has started to reverse since Chairman Ben S. Bernanke talked about a tapering in quantitative easing this year. The slowdown in Fed bond buying will probably begin next month, according to 65 percent of economists surveyed by Bloomberg from Aug. 9-13. The JPMorgan Emerging Markets Currency Index has declined 2.4 percent since Bernanke?s June 19 tapering comment. The Bloomberg Dollar Index, which monitors the greenback against 10 major currencies, is almost unchanged over the same period. ?The emerging Asia story is crumbling and dollar is once again the king,? said Indranil Pan, chief economist at Kotak Mahindra Bank Ltd. in Mumbai. India?s moves to tighten cash supply, restrict currency derivatives and curb gold imports since July failed to arrest the rupee?s slump to a record low of 63.23 per dollar yesterday. UBS AG says a drop in the currency to 70 is possible. The deficit widened to an unprecedented 4.8 percent of GDP in the year ended March 31. The government plans to narrow the gap to 3.7 percent, or $70 billion, this year, Finance Minister Palaniappan Chidambaram said Aug. 12. Policy Gap India?s slump is worse than elsewhere in Asia because the country has failed to carry out long-overdue structural changes to the economy, said Pan at Kotak Mahindra Bank. ?In India, we have great policies on paper but the gap between the what?s on paper and the implementation is unduly large,? R.C. Bhargava, chairman of Maruti Suzuki India Ltd., the nation?s biggest carmaker by volume, said in an interview. ?If we just implement what?s already there, we can get back on track in the next two to three years.? Richard Jerram, chief economist at Bank of Singapore Ltd., says the market declines reflect overly ambitious expectations rather than fundamental weakness in the economies. ?There?s a good structural story based on the underlying domestic demand,? said Jerram, who has analyzed Asian economies for two decades. ?What you see at the moment is reaction from expectations being unrealistically positive maybe 12 months ago, to now becoming more realistic.? Japan Rising One bright spot is Japan, which has seen its economy bounce back on Prime Minister Shinzo Abe?s fiscal and monetary stimulus. The Topix stocks index has risen 34 percent this year. Abe has yet to show that he can sustain the recovery by restructuring company and labor laws and taming the nation?s debt, which topped 1 quadrillion yen ($10 trillion) in June. ?Asia still has potential in the next three years or more, but in the shorter term, momentum for business is slowing down,? said Shuichi Hirukawa, senior fund manager at Mizuho Asset Management Co. in Tokyo. ?Investors may become more cautious.? China?s economy last quarter extended the longest streak of expansion below 8 percent in at least two decades, curbing earnings at companies such as Hong Kong-based Cathay Pacific Airways Ltd. Still, there are signs of improvement. Industrial output rose more than economists estimated in July, after larger-than-forecast rebounds in exports and imports and improvement in gauges of manufacturing and service industries. China Change China is making efforts to bolster confidence. Overall liquidity in China is ample as banks channel more funds to agriculture and small businesses in the world?s second-largest economy, People?s Bank of China Governor Zhou Xiaochuan said on state broadcaster China Central Television yesterday. ?Some Asian countries, especially India, have their own significant domestic challenges,? said Jim O?Neill, the former Goldman Sachs Group Inc. economist who coined the term BRIC in 2001 to describe Brazil, Russia, India and China. ?But China is slowing primarily to improve its growth model and at 7-7.5 percent annual growth is still delivering $1 trillion nominal GDP. And Japan, still Asia?s No. 2 economy, is looking better than it has done for a very long time.? The slowdown in economies such as Indonesia and Thailand is part of a ?very, very global? weakness, World Bank Chief Economist Kaushik Basu told reporters in New Delhi yesterday. ?So Slow? The U.S. recovery ?was so slow that even the slightest pick up is looking like a pick up,? Basu said. ?I don?t think the Asian situation is any worse. In fact, if anything, Asia is probably better off than the rest of the world.? That may not help markets in Asia as money continues to flow back to Europe and the U.S., said Oliver at AMP Capital. Norway may say today its economy expanded in the second quarter after a contraction in the previous three months, a survey showed. The Federal Reserve Bank of Chicago will release a report on U.S. economic activity for July. ?Asia will still be a stronger part of the world than the U.S. or Europe but compared to people?s expectations Asia is likely to come in a little bit lower than expected,? he said. The IMF in July forecast global growth of 3.1 percent and projected advanced economies would expand 1.2 percent this year. Stocks Opportunity ?We see this drop as an opportunity to buy selectively those stocks that have been overpriced? such as banks and consumer shares, Kiekie Boenawan, Jakarta-based head of investment at PT Schroder Investment Management Indonesia, wrote in an e-mail yesterday. Investors will be scanning data from Chinese factories to Malaysian growth this week for further signs of weakness. An Aug. 22 flash reading for China on a manufacturing purchasing managers? index by HSBC Holdings Plc and Markit Economics is expected to come in at 48.1 for August, from 47.7 in July, according to the median economist estimate compiled by Bloomberg. A reading below 50 indicates contraction. Malaysia?s central bank on Aug. 21 may post data showing 4.7 percent economic growth in the second quarter from a year earlier, after rising 4.1 percent in the January-March period, its slowest rate since September 2009, according to the median estimate of economists in a Bloomberg survey. Brazil?s Real Slumping currencies and inflation risks in emerging markets are adding to pressure on central banks to raise interest rates. Brazil increased its benchmark rate this year more than any major economy to prevent higher prices from slowing consumption and investments. The real weakened beyond 2.4 per dollar for the first time in four years yesterday. Higher rates in turn would hit consumers in countries where cheap mortgages and easy credit have fueled housing booms. ?Southeast Asian consumers have taken on much higher debt in the last few years,? Royal Bank of Scotland Group Plc analyst Sanjay Mathur wrote in a July 18 report. He said the largest increase was in Malaysia, where household debt increased by 20 percent of GDP between 2008 and 2012. There?s a feeling that ?the rest of the world?s getting a bit better and Asean?s had its sort of burst of credit-enhanced growth,? said Edward Teather, an economist at UBS AG who covers Southeast Asian markets from Singapore. ?It?s raining already.? |
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teeth53
Supreme |
20-Aug-2013 11:59
Yells: "don't learn through life, learn to grow with life " |
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STI Index -kiaSi - running down again.  Monday - Stk index dropped 5.6%, its worst sell-off since Sept 2011 & rupiah weakened to a more than 4-yr low against dollar.
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hlfoo2010
Veteran |
20-Aug-2013 11:51
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Launch time. http://sg.news.yahoo.com/blogs/what-is-buzzing/man-puts-fork-penis-sexual-gratification-020027403.html |
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Octavia
Elite |
20-Aug-2013 09:22
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Plans to reduce the trading board lot size from 1,000 shares to 100 and eventually to one unit to align with global practices and improve market liquidity. The proposed move will increase the affordability of blue chips for many retail investors, who will be able to diversify their portfolios. Currently, about 40% of STI stocks are priced at $5 a share or higher. SGX aims to introduce the board lot size change by 1Q14. The 1 lot is not meant for pennies and small cap.:)
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Octavia
Elite |
20-Aug-2013 09:19
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S?pore shares could face fresh bouts of weakness after US stocks lost ground for a fourth straight session as Treasury yields climb 6 bps to 2.88%, the highest level since 2011 ahead of an expected shift in Fed monetary policy. The broad-based S& P 500 closed below its 50-day moving average, a technical support level, which could point to further declines. STI has also penetrated beneath both its 50 and 200-day moving averages with deteriorating Stochastics and MACD momentum indicators suggesting further downside to next support at 3,160. |
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Tomique
Master |
20-Aug-2013 07:42
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To trade in one unit? I think it is plain stupidity to carry out this unnecessary exercise. SGX stocks are not US stocks where there are stringent criterion for listing. Sgx is full of rubbish stock those under 1 cents some are even below 1 cent. One unit of 1 cents to buy or sell can push or dump the price " limit-up" or " limit down" . . Please, this is no no for us players, but only good for syndicates, who are out to manipulate the pricing of the stocks. Do think deeper, please..... |
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Tomique
Master |
20-Aug-2013 07:38
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I think it is plain stupidity to carry out this unnecessary exercise. SGX stocks are not US stocks where there are stringent criterion for listing. Sgx is full of rubbish stock those under 1 cents some are even below 1 cent. One unit of 1 cents to buy or sell can push or dump the price " limit-up" . Please, this is no no for us players, but only good for syndicates, who wants to influence pricing of the stocks. Do think deeper....
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teeth53
Supreme |
20-Aug-2013 00:06
Yells: "don't learn through life, learn to grow with life " |
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New terminal 5 for Changi Airport: PM LeePM Lee unveils plans for a new Terminal 5 that will double Changi Airport's current capacity. Slated for? teeth53 thot - T5-Changi...humm, long term planning on the card, not on the table yet.
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