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Sg Economy: 1Q GDP up 8.3% yoy in line with forecasted 8.3% growth. 2011 GDP forecast raised to 5-7% from 4-6% with view of modest recovery in US and Europe economies and Asian growth. 1Q growth was broad based, led by manufacturing which grew 13.1% yoy, with higher production in biomed, precision engineering and electronics…

Financials also grew strongly at 11.3% yoy, and hotels & restaurants sector up 7.0% yoy supported by strong visitor flows. Govt expects further growth in manufacturing sector by new plant ops in the chemicals cluster and financial industry to be grow in light of the continued recovery in both domestic and regional economies.

 

SG Strategy: Credit Suisse raises FY11 earnings estimates for 14 Co’s and reduced f/casts for 23 following 1Q results. Expect earnings growth (MSCI names) of 6% in FY11 and 11% in FY12. Note that upward revisions for capital goods, consumer discretionaries and banks in Spore were offset by estimate cuts for transport, diversified financials and consumer staples…..

House is O/W on capital goods, transport and property, but U/W on telecoms & consumer discretionary. Market Weight on banks, consumer staples and financials. Top picks are SMM, NOL, CDL, Keppel and Olam, while top UnderPerform ideas are SMRT and STE.

 

thanks, let's see how things go.. :)

eastcivic      ( Date: 19-May-2011 17:07) Posted: good luck! rotijai      ( Date: 19-May-2011 17:05) Posted: nop.. i have no longs on wilmar.. i shorted SAR again bt

 

good luck!

rotijai      ( Date: 19-May-2011 17:05) Posted: nop.. i have no longs on wilmar.. i shorted SAR again btw eastcivic      ( Date: 19-May-2011 16:59) Posted: hmmm then have to see 5.50 already.... currently now 5.50 is a stubborn resistance.... i think we need to see if can clear 5.50 resistance. once broken, it should become a support. if you have longs.... maybe you want to sell abit near 5.50? protect some profits while at the same time, keep some so that you don't miss out when and if it breaks 5.50..... but this is my strategy if i have longs on wilmar  at the moment. your strategy might be different from mine

 

nop.. i have no longs on wilmar..

i shorted SAR again btw

eastcivic      ( Date: 19-May-2011 16:59) Posted: hmmm then have to see 5.50 already.... currently now 5.50 is a stubborn resistance.... i think we need to see if can clear 5.50 resistance. once broken, it should become a support. if you have longs.... maybe you want to sell abit near 5.50? protect some profits while at the same time, keep some so that you don't miss out when and if it breaks 5.50..... but this is my strategy if i have longs on wilmar  at the moment. your strategy might be different from mine rotijai      ( Date: 19-May-2011 16:54) Posted: wat about gap up but still go down by end of the day (bear candle)

 

hmmm then have to see 5.50 already.... currently now 5.50 is a stubborn resistance....

i think we need to see if can clear 5.50 resistance. once broken, it should become a support.

if you have longs.... maybe you want to sell abit near 5.50? protect some profits while at the same time, keep some so that you don't miss out when and if it breaks 5.50..... but this is my strategy if i have longs on wilmar  at the moment. your strategy might be different from mine

rotijai      ( Date: 19-May-2011 16:54) Posted: wat about gap up but still go down by end of the day (bear candle)? eastcivic      ( Date: 19-May-2011 16:52) Posted: hmmm i not sifu.... so i cannot tell if it is awful..... but i know that if tomorrow gap down and end of day forms a bear candle... then today's candle is really awful....

 

wat about gap up but still go down by end of the day (bear candle)?

eastcivic      ( Date: 19-May-2011 16:52) Posted: hmmm i not sifu.... so i cannot tell if it is awful..... but i know that if tomorrow gap down and end of day forms a bear candle... then today's candle is really awful....  rotijai      ( Date: 19-May-2011 16:47) Posted: all sifus.. today wilmar's candle looks awful.. daniel, any idea?

 

hmmm i not sifu.... so i cannot tell if it is awful.....

but i know that if tomorrow gap down and end of day forms a bear candle... then today's candle is really awful.... 

rotijai      ( Date: 19-May-2011 16:47) Posted: all sifus.. today wilmar's candle looks awful.. daniel, any idea?

 

all sifus..

today wilmar's candle looks awful..

daniel, any idea?

 

may i know what software u used for 5min charts?

parimas8      ( Date: 19-May-2011 14:50) Posted: tussle betw the bulls and bears in progress now.  if pivot point s1 breached (2.052), we should see a steady downsprial  from hereon.  on the other hand, the bulls failed to reach their pivot point r1 (2.092) this morning.  looking at 5-min charts stochastic fell below 20 pts, is this a good time to enter?  me just starting on TA, still learning from the masters here.  my position is long on this.

 

tussle betw the bulls and bears in progress now.  if pivot point s1 breached (2.052), we should see a steady downsprial  from hereon.  on the other hand, the bulls failed to reach their pivot point r1 (2.092) this morning.  looking at 5-min charts stochastic fell below 20 pts, is this a good time to enter?  me just starting on TA, still learning from the masters here.  my position is long on this.

 

Slightly more upside to Wilmar and short on Noble still.. Will see my charts later.. currently working :P Hope you all made some money!! 

 

i wanna come in sell together with u

Incinerate13      ( Date: 19-May-2011 11:43) Posted: Already in liao, few weeks ago @ 2.48 waiting to sell, now ppl  want sell liao u want to come in? Now waiting for Noble.

 

Already in liao, few weeks ago @ 2.48 waiting to sell, now ppl  want sell liao u want to come in?

Now waiting for Noble. 

 

anyone looking at SAR ?

 

wah wilmar.. broke 5.5

eplepl      ( Date: 19-May-2011 09:13) Posted: good news 2.09 for genting sp and noble is 2.11   clear blue sky !

 

good news 2.09 for genting sp and noble is 2.11

 

clear blue sky !

 

will commodity chut pattern tonight ?

if yes, master gaecia will be huat..

btw, semb marine closed at 5.3.. quite a good sign

 

i think oil is too high....

economic is not very good in europe and us.....

so it should just come down..... furthermore..... more " gas and oil" discovered in ME....

long term it going down..... short term, traders shorting it down ?

Gaecia      ( Date: 18-May-2011 15:11) Posted: oil started going up  today....the dollar started to take small dips since Mon US trade that's why i thought of getting smarine. Thing is, this broad market has not made up its mind to go up or down. rotijai      ( Date: 18-May-2011 15:06) Posted: i think oil will resume uptrend.. but just dunno when will start to rall

 

mad mad..

sti didnt go up much.. but some counters go up like crazy

icetomato      ( Date: 18-May-2011 16:11) Posted: omg.... sar.... 6%+!! O_O Gaecia      ( Date: 18-May-2011 15:44) Posted: It can just be today? Straits Asia & Noble up mostly due to coal news