Latest Forum Topics / SGX Last:11.21 -0.15 | Post Reply |
SGX
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lookcc
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12-Apr-2008 22:35
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to long or to short?
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viruz7667
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12-Apr-2008 21:32
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Singapore Exchange April 11 close: S$8.28 CIMB-GK Research, April 11 TURNOVER velocity could have troughed: We believe the Singapore Exchange (SGX) has been de-rated enough. The stock has fallen 61 per cent from its high but has also begun a tentative rebound in recent weeks. With a bear market taking hold, over-hyped expectations have since been eased out. Lowering FY2008-09 EPS estimates by 19-20 per cent on reduced market turnover assumptions: Q3 FY2008 average daily value traded (ADT) fell 20 per cent q-o-q to S$1.94 billion a day. (Q2: S$2.6 billion, Q1: S$2.4 billion) We forecast Q3 FY2008 net profit of S$97 million. We also bring down our ADT assumptions to S$2.2 billion a day and S$2.4 billion a day for FY2008 and FY2009 respectively. Although market sentiment is fragile, we see no reason to be over-bearish on market volume trends. First, turnover velocity is back to the lower range. Second, Singapore stockmarket valuations are near historical troughs. Taken together, this implies that on a 6-9 month time frame, stockmarket activity has a greater probability to be higher than lower compared to current levels. Valuations now much more reasonable, upgrade to 'outperform' from 'underperform': Our dividend discount model-based target price (using a weighted average cost of capital of 8 per cent) has been brought down from S$14.20 to S$10.58 following our EPS reductions. SGX's expected yields are trading above their normal bands of 3.5-5.4 per cent. Our expected yield of 5.6 per cent looks attractive when compared with its historical yield trading band. We view current yields as attractive for an entry into the stock. OUTPERFORM |
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idesa168
Elite |
12-Apr-2008 13:07
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Jim Roger mentioned about commodities trading in Asia in today's paper. He said, commodities like rice and tin which was produced in Asia but Asian must go to US or Europe to trade them. It's because in Asia there is no trading platform for commodities. If SGX can look into it and become a hub in Asia for commodities trading, I am sure SGX share price will sky-rocket back to $16.00 or maybe surpassing it. By then, we can trade palm oil, rubber, sugar, etc and even OIL & GOLD!....Yah, Monday will be sea of red in STI, but that is the short term gyration of the mkt which nobody can predict. But the bigger picture I see light. Those with holding power can choose to hold and ride out the volatlity until mkt is stablise, which I think will eventually profit from it. There is no guarantee that 6 mths down the road, the share price will be lower than now, especially SGX displaying lately the big swing in the share price. Cheers, and have a great weekend ahead. | ||
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winsontkl
Elite |
12-Apr-2008 08:19
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Dow is down 256 points and if result out is weak comparable to last Qtr, expect double whammy... Stay clearrrr...... |
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AK_Francis
Supreme |
12-Apr-2008 01:55
Yells: "Happy go lucky, cheers." |
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Be careful about this wild horse. Its really hard to predict it under such buoyant market. Stay away from it is much viable, AK view with painful lesson learnt from it lately. | ||
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lookcc
Master |
12-Apr-2008 00:04
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baby-carriers, there always will be, today n in near future.
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lookcc
Master |
11-Apr-2008 23:57
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shortists' counter?....mayb BB also short it tis monday? | ||
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winsontkl
Elite |
11-Apr-2008 23:31
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Double whammy ..... | ||
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e-bird
Member |
11-Apr-2008 21:33
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Hm... DOW in red now by >100pts.. but SGX to release news on Monday... wonder how it will perform after the wkend... hm... | ||
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AK_Francis
Supreme |
11-Apr-2008 17:21
Yells: "Happy go lucky, cheers." |
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The Shares Investment manual, 31 Mar - 13 Apr edition, page 184 for SGX data, the summarised clause stated that 1H08 earnings soared 83.2% due to improvements in all 3 revenue catagories, the securities market revenue, net derivatives clearing revenue and stable revenue. Don't quite understand, but quite optimistic the this burger next week will cheong, if there is no adversed problems emerging fr the global markets and other unforeseen crisis. Dun worry about the Olympic Tourch. Cheers. |
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koolsice
Member |
11-Apr-2008 16:55
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This counter has the potential to go up some more considering the heavy losses in the past few days...Overseas markets looks grren for now, if everything continues green as well as the pending announcement (positive, i hope), next week should shoot up again... | ||
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idesa168
Elite |
11-Apr-2008 13:19
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If believe in them, we all eat grass liao! Every fortnight come out with different analysis, we will be selling and buying everyday...LOL! Trade in your own believe lah! I think this burger needs to hold long before can see REAL profit. In and Out everyday does not benefit any investor/punter. Dividend yield is just 4.4% now, where got 5.6%?
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AK_Francis
Supreme |
11-Apr-2008 12:44
Yells: "Happy go lucky, cheers." |
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Don't worry about them, we play by ears and alert each other via this forum for any impending good or bad news. No heart attack this morning as already taken HBP tablets early the morning. Though its aleady TGIF, may wish to see PM cheong a bit lah. Cheers. |
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DnApeh
Master |
11-Apr-2008 12:37
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Some say 5.15, some say 10.58. All these ANALyst giving reports that befit their title. | ||
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idesa168
Elite |
11-Apr-2008 11:22
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Upgraded...wow...so I LONG lah...8.12 x 2 lot nia!...hehehe...let's play! | ||
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cyjjerry85
Elite |
11-Apr-2008 11:13
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From CIMB this morning: Singapore Exchange (S$7.98) - Turnover velocity could have troughed. We believe SGX has been de-rated enough. The stock has fallen 61% from its highs but has begun a tentative rebound recently. We lower our average daily value traded assumptions for FY08-09 to S$2.2bn and S$2.4bn respectively. This lowers our earnings forecasts by 4-20%. Both stock-market turnover velocity and market valuations are near troughs, we believe, implying that market volumes have a greater probability to be higher than current levels six to nine months ahead. Meanwhile, SGX's unrelenting selldown has pushed its dividend yields up to 5.6% - above our forecast dividend-yield trading band. We believe the time is ripe to upgrade the stock from Underperform to Outperform, albeit with a lower DDM based target price of S$10.58 (from 14.20) following our earnings reductions. all these analysts differ from brokerage firms to brokerage firms...VAST DIFFERENCE.... |
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AK_Francis
Supreme |
11-Apr-2008 01:43
Yells: "Happy go lucky, cheers." |
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Lookcc, mainly you hv to gauge the situation. For the past weeks, analyst claimed that SGX coming coy result announcement on 14 Apr would be out of expectation. Hence, be alert , jagang tention, trade wisely. AK. |
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lookcc
Master |
10-Apr-2008 23:26
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Uncle AK, tempting 2 hit n run 2morrow...buy then sell fast just for beer $$, wat say u...Cheers! |
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lookcc
Master |
10-Apr-2008 22:41
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if dow close +ve 2morrow 5 am ET, suckers' rally by BB(s) 2morrow??? i dunno but i won't wan 2 b a baby-carrier. | ||
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winsontkl
Elite |
10-Apr-2008 21:10
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With the low volume in recent months....think SGX result will not be as fantastic compared to previous quarter...however, much has been factor into the price now. Short term outlook is more negative than positive....personal view only. Trade with care.... |
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