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SG Banks: Credit Suisse expect better loan growth to drive FY11E earnings momentum, with SG govt raising 2011E GDP growth to 5-7% from 4-6% previously. Combined with higher inflation, loan growth across Asia has been surprising on the upside.
House revise 2011 loan growth assumption for UOB to 18% from 16%, DBS to 14% from 13% and OCBC to 15% from 13%... Add that 1Q11 qoq loan growth in SG vs overseas was 4.3%/2.7% in DBS, 6.1%/7.9% in UOB and 2.7%/6.1% in OCBC.
Tip stronger loan growth means better fee income (especially loan related fee) and importantly, faster overseas growth brings with it wider NIMs (expected to bottom in 2Q11). House upgrade UOB to O/P from Neutral and is house top pick in the sector.
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Property: DB has sector outlook from its Access Asia Conference 2011. Maintain positive office outlook on increasing cost-competitive option for global financial institutions given availability of Grade A office space. Expect grade A supply to rise from current 3m sf to 9.3m by 2013, and Rents +7% in 1Q11 to $15psf by 2014, while capital values tip to rise to $2,800psf from current $2,500psf……
Tip Residential undersupplied until 2013, where more measures in the HDB market are expected coupled with the provision of more land supply. Industrial demand well supported although retail outlook mixed.
Property: CS believes privatisation of Allgreen by Brookvale could trigger a re-rating for the property stocks, which have been underperforming recently due to policy overhang and interest rate concerns. Expect stocks trading at significant discounts to book values and RNAVs to potentially narrow the valuation gaps…..
Continue to prefer the office and hospitality sector, like OUE and CDL, which are trading at 0.95x and 1.54x P/Bs due to accounting treatments, but are trading at attractive 37% and 30% discount to RNAVs, respectively.
ask juicy...
she do not read charts.....but her feelings lead her well.....into profits.
hmmmm i also waiting for abit more signals..... today's bull candle might not be reliable......
rotijai ( Date: 24-May-2011 09:21) Posted:
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not buying today unless can fish smth very cheap..
will prob buy by end of the week or beginning of next week :)
eastcivic ( Date: 24-May-2011 09:19) Posted:
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don't know if really recovering or it is just a technical rebound.......
semb corp ind is still at 5.0+
semb marine is still at 5.1+-5.20
nth much.. seems abit directionless in the morning
eplepl ( Date: 24-May-2011 09:11) Posted:
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5.0x now rebound @ 5.21....
how so baby G,
rotijai ( Date: 23-May-2011 23:42) Posted:
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SAR running amok again..
this piece of news might kill a lot of shorties @_@
Gaecia ( Date: 24-May-2011 08:49) Posted:
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Singapore-listed Chinese shipbuilder Cosco Corp (COSC.SI) said on Monday it had not been implicated in an audit report on Chinese state-owned enterprises that caused its shares to fall as much as 7.4 %.
“The board wishes to state that neither the company nor any of its subsidiaries has been cited as having committed any irregularities and disciplinary violations in the National Audit Office report,” Cosco said in a statement to the Singapore
Exchange.
Cosco shares fell on Monday after Xinhua News said several irregularities were found in the 2009 financial statements of 17 state-owned enterprises, including Cosco's Chinese parent. Disciplinary action has already been taken, Xinhua said in the report published late on Friday.
Cosco shares fell on Monday after Xinhua News said several irregularities were found in the 2009 financial statements of 17 state-owned enterprises, including Cosco's Chinese parent. Disciplinary action has already been taken, Xinhua said in the report published late on Friday.
Cosco finished 6.9 % lower at $1.89 on Monday with over 42.7 million shares changing hands.
ya i understand :D
Gaecia ( Date: 24-May-2011 00:00) Posted:
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my tp for s51, 5.01-5.05 and u96 4.84 thereabout.
rotijai ( Date: 23-May-2011 23:42) Posted:
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Hahaha very funny, its a no go to the suggestion because gaecia simply cannot be trained to act like a man. I recall the many times of lost opportunities and actual losses were mostly due to my hesitation and indecisiveness from hearing so much and seeing too many differently charted graphs from this forum. Just being honest. 
eastcivic ( Date: 23-May-2011 23:40) Posted:
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haha.. since i havent opened any long position.. i dont mind it drops..
waiting to load semb marine at 5.0+ ? :P
wondering if semb ind can hold the 5.00 :/
eastcivic ( Date: 23-May-2011 23:40) Posted:
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there's no better way to learn how to cope well with your emotions and decision-making by continuing to tell us your positions and inviting us to give our views so that you can read the different views about them :P
Gaecia ( Date: 23-May-2011 23:29) Posted:
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Thanks, i'll be learning how to cope well.
eastcivic ( Date: 23-May-2011 23:27) Posted:
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i say many times liao.... different people different strategies... so good luck! :D
Gaecia ( Date: 23-May-2011 23:15) Posted:
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Hang Seng almost dropped 500 points today. 22680-85 is its technical lifeline or not, it will be telling soon.
Its like when you already made a decision, fending off talks from start to the end brings abt a whole new dimension in managing a personal investment decision.
rotijai ( Date: 23-May-2011 23:08) Posted:
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The sembcorps, low can be lower to where it all started below the neckline because i'm interpreting a pattern formation rather than price comparison. Let Gaecia trust her judgement okay?
This is the reason why i'm not that open of my current positions. People start to make opinions & it clouds my mind because i am no robot nor emotionless. Personally what they (want to) say affects me on how i manage closure of the position, which makes all the difference +ve or -ve.
rotijai ( Date: 23-May-2011 23:03) Posted:
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i don dare to make the assumption tat once it broke 3120 we will see 3040 coming..
don wanna take it for granted tat for sure it will go down to 30++
no doubt tmr it will open red.. but who knows sti might decide to stay at 31++ still..