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firewood
Master |
08-Dec-2010 12:35
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Ya notice gold drop to below 1400 level and silver crashed. |
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Gaecia
Elite |
08-Dec-2010 12:32
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whether trend turns with continuation is impt tonight, u look at precious metals will notice its unusual le. Just my random thoughts only....
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firewood
Master |
08-Dec-2010 12:31
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Regional logistics developer; initiate at Underperform Global Logistics Properties (GLP) is a regional logistics property developer with a portfolio of Japan and China completed and under-development assets and land sites. Despite GLP’s thematic appeal and position within a consumer-linked market, we believe valuations are overstating the group’s growth potential over the next 12 months. We initiate with an Underperform rating and PO of S$2.10. Business model geared to growth GLP has an experienced management team in place with a successful track record of portfolio growth. The Japan portfolio generates stable cash flow for redeployment into China, poised as a high growth market. With a development cycle of just 18 months, GLP has potential to generate superior returns. Entering the fund management business is also expected to fast-track expansion plans. However, limited re-rating potential at current multiples We estimate GLP’s share price implies development spending of ~US$5bn. This surpasses both management and our own expectations for growth. Stripping out GLP’s Japan assets, accounting for 77% of RNAV, GLP’s share price equates to a P/B of 2.1x for China, more expensive than peers. While the business model is not in question, we believe current valuations leave limited room for re-rating. Valuation and risks Our S$2.10 PO includes our RNAV estimate of S$1.90/shr plus a development premium of S$0.20/shr, both derived from DCF of future profits. Trading at a 15% premium to RNAV and 30x 2011E P/E, we see GLP as fully valued. Key risks to our Underperform rating are faster-than-expected development execution and/or site acquisitions, higher rental growth, FX movements and cap rate compression. |
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firewood
Master |
08-Dec-2010 12:29
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Haiz HSI v weak today, will it reverse like last few days? | ||||
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iPunter
Supreme |
08-Dec-2010 12:29
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Yup... and not losing is already winning... | ||||
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firewood
Master |
08-Dec-2010 12:26
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Cash is king
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firewood
Master |
08-Dec-2010 12:25
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USD is getting stronger ya?
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Gaecia
Elite |
08-Dec-2010 12:23
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firewd, watch for currency direction ya. |
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firewood
Master |
08-Dec-2010 12:15
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Dec. 8 (Bloomberg) -- North Korea may have fired artillery shells into its water near the disputed western border with South Korea today, a government official in Seoul said.
None of the shells fell crossed the border into South Korean waters and the government is examining the incident, an official at President Lee Myung Bak’s office said by telephone from Seoul, confirming reports by Yonhap News and YTN television broadcaster. The official declined to be named because of government policy.
North Korea fired artillery toward South Korea’s Baengyeong island as part of what appears to be regular drills, Yonhap reported, citing an official at the presidential office in Seoul it didn’t identify.
Tensions have risen on the Korean peninsula since North Korea shelled South Korea’s Yeonpyeong island, also near the western sea border, on Nov. 23, killing four people. South Korea’s military this week began live-firing exercises off its coastline in more than 20 areas, including near another border island off the west coast.
The MSCI Asia Pacific Excluding Japan index was trading 0.7 percent down at 11:39 a.m. in Seoul, having been 0.25 percent lower before the Yonhap report. South Korea’s benchmark Kospi also dropped into negative territory before paring some of its losses to trade little changed at 1961.76.
The won extended losses after the reports, sliding 0.9 percent to 1,141 won against the dollar.
The Ministry of National Defense and the Joint Chiefs of Staff declined to comment on the reports.
Admiral Mike Mullen, the chairman of the U.S. Joint Chiefs of Staff is in South Korea for talks with military officials.
North Korea doesn’t recognize the so-called Northern Limit Line demarcated by the United Nations after its 1950-53 war with South Korea. The North demands the border should be redrawn to include Baengyeong, Yeonpyeong and three other islands part of its territory.
The attack on Yeonpyeong was North Korea’s first shelling of South Korean soil since the war and came after Kim Jong Il’s regime was blamed for torpedoing the South Korean warship Cheonan in March, killing 46 sailors.
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iPunter
Supreme |
08-Dec-2010 12:15
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To be safe (lessen risk), one should only aim to buy very low... If one has the "aiyah! I missed the boat!" mentality, one is destined to make losses sooner or later. Thus, if one misses the boat, so be it (so what?)... Always 'wait for the market to come to you'... Not having a position is itself a position, even for lengthy periods of time...
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firewood
Master |
08-Dec-2010 12:14
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No Prob. Thnks!
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cannotfind
Elite |
08-Dec-2010 12:14
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why? wat they do?
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epliew
Supreme |
08-Dec-2010 12:13
Yells: "no worries be happy !" |
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i dunno how to check this..... my uob kayhian...just tell me filled !
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ShareWithMe
Veteran |
08-Dec-2010 12:13
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GAR pls break out of 0.785 like what IndoFood Agri did !! | ||||
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firewood
Master |
08-Dec-2010 12:13
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I think so leh
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Gaecia
Elite |
08-Dec-2010 12:13
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Think....with DBS upgrade, indoagri is it accum or distribution? DMG & Partners has raised its target price for coal miner Straits Asia Resources (STRL.SI) to $2.49 from $2.10, as it expects the price of coal to rise in the long term. However, it noted that the firm looks fairly-valued at current prices, and has maintained its “neutral” rating for Straits Asia.
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ShareWithMe
Veteran |
08-Dec-2010 12:11
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Meaning is it going to gap down after the Halt ?
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epliew
Supreme |
08-Dec-2010 12:11
Yells: "no worries be happy !" |
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SINGAPORE, Dec 8 (Reuters) - Singapore will experience slower economic growth and slightly higher inflation next year, according to the central bank's quarterly survey of economic forecasters released on Wednesday. The Monetary Authority of Singapore (MAS) said the median estimate of 22 private sector economists was that the city-state's gross domestic product (GDP) will expand by 5.1 percent next year, down from a forecast 15 percent in 2010. The 5.1 percent median estimate is within the government's 4-6 percent growth forecast for 2011. Singapore will likely be the world's fastest-growing economy this year, helped by a rebound in manufacturing and financial services as well as contributions from its two new multi-billion-dollar casinos. Having bounced off a low base this year, next year's growth will revert to levels consistent with that of a high-income economy in fast-growing Asia. The private sector economists polled by MAS expect the city-state's consumer price index to rise by 2.9 percent next year, marginally more than the forecast 2.8 percent this year. They also predicted the Singapore dollar appreciate to S$1.24 per U.S. dollar by the end of 2011, from S$1.29 at the end of 2010. The Singapore dollar is currently trading around S$1.31. Economists surveyed by MAS also made the following projections: 2011 2010 GDP (pct growth) 5.1 15.0 Non-oil domestic exports (pct 12 24 growth) CPI (pct increase) 2.9 2.8 Unemployment (end of period, 2.0 2.1 seasonally adjusted) Exchange rate (S$ per US$) 1.24 1.29 median estimates The MAS Survey of Professional Forecasters provides a summary of forecasts of Singapore's key economic indicators by economists and analysts. The survey is conducted every three months and follows the release of quaterly economic data by the Ministry of Trade and Industry. (Reporting by Kevin Lim) |
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firewood
Master |
08-Dec-2010 12:11
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Can share who sell to u?
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iPunter
Supreme |
08-Dec-2010 12:10
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Any sell target? | ||||
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