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64681-64700 of 69565
Currently shorting by hedges funds
Foreign brokers also seeling out some
STI will recover by 5 pm
Don't sell !!!!!
could relate to sooners.
good post.
CHINA
As growth slows in many developed economies, both companies and investors are looking beyond their borders in search of high growth opportunities. One of the most exciting and potentially rewarding areas of capital growth is China, the latest and greatest investment frontier for growth-oriented investors.
The combination of China?s massive population and its focus on the modernization of the country?s infrastructure and technology, especially after its entry into the World Trade Organization (WTO) in December 2001, could prove to be the greatest investment opportunity of the 21
With a population in excess of 1.3 billion people and a surging middle class totaling about 300 million people with newfound wealth to spend, the market opportunities in China are extraordinary for companies looking to sell their goods and services. From former state-owned enterprises to startups and high growth companies, it is easy to understand the growth potential as reflected by China?s rapid GDP growth. Clearly, the 21
Foreign multinationals are jockeying for a piece of the action in China. Investment capital is continuing to flow into Chinese enterprises, ranging from auto manufacturers to textile plants to Internet and technology companies. This trend has been emerging over the course of the past few years and by all indications, the equity markets are now firmly convinced about the validity of China as a major global economic powerhouse. For investors looking for growth, look no further than China.
st century. The government may rule with an iron fist under a communist political party system, but it has a clear agenda to establish a super economy and business climate that encourages entrepreneurship and material wealth. st century will see China become a dominant economic superpower.Where to Look for Growth
At
Numerous industries are experiencing stellar growth. Real estate is booming on inexpensive credit, and increased prosperity has fueled an increase in private consumption that is helping to drive the economy forward. There is definitely much growth potential and money to be made in China in the coming decades.
This growth is not without cost. China is consuming the world?s commodities a torrid pace - turning oil, coal, plastics, and steel into the world?s consumer goods. To fuel the industrial growth, factories will continue to require more energy resources in the coming years. But due to limited resources within its own borders, China is looking to buy foreign oil companies as well as forming key strategic alliances with oil rich countries in places such as Africa and the Middle East. The sheer size of the population and the growth of the middle class will drive demand for energy including the massive shift from bicycles and public transportation to private vehicles.
By 2010, China could have 90 times more automobiles than it did in 1990. The annual growth rate for automobiles is 19% and could surpass the number of automobiles in the U.S. by 2030, according to The Institute for the Analysis of Global Security. China will also see a rise in demand for the heating and powering of homes as more people buy real estate and move to cities where there are building booms to try to keep pace with the mass migration of people from rural to urban areas.
China is currently the world?s second biggest user of oil at around 6.4 million barrels per day or about 32% the consumption of the U.S., according to the CIA World Factbook. In an attempt to alleviate the growing dependence on fossil fuels and promote a cleaner environment, the country has adopted a "Clean Energy Policy." For instance, China is encouraging the use of compressed natural gas (CNG) to power vehicles and natural gas for homes. Natural gas is one of the cleanest energy sources and one of China?s most abundant natural resources. The country?s annual consumption of natural gas is estimated to rise to 100 billion cubic meters by 2010 and 200 billion cubic meters by 2020 from the current 40 billion cubic meters, according to China?s 11th Five-Year Plan period (2006-2010). The consumption of liquefied natural gas (LNG) is also expected to be strong.
In the technology area, there is exceptional growth. From consumer electronic goods to IT infrastructure development, China is a fertile market for companies. A key focus is strengthening the country?s technology infrastructure to world standards including the area of e-government services, which is predicted to be significant as the country industrializes and further develops into a major world economic power. Given that China only ranks 74th out of 191 countries in e-government spending, according to the United Nations, we believe there is ample room for growth.
Growth Report, we are extremely bullish on numerous facets of the Chinese economy and believe growth opportunities for investors will be broadly based. But investors shouldn?t count on China?s growth alone to create fat profits. The secret is to ignore the hype, and pick the right industry at the right time, and for the right reasons. Too many investors fall into the trap of paying top dollar for companies that have enjoyed rapid and unsustainable growth, only to later realize that they are the in the last car of a roller coaster that is about to take the plunge. China should be near the top of every investor?s watch list and increasing exposure to investments in China should be a clear goal in the near term.Another area of superlative growth is mobile phones. There are currently more mobile phone users in China than there are people in the U.S. The size of the Chinese mobile phone market was an astounding 461 million subscribers in 2006, up 578% or 378 million users from 2005. Sales of mobile phones increased 40% to 120 million units in 2006 compared to a 25% global growth rate, according to the China Mobile Communications Association. In 2007, growth is expected to slow to 25% with 150 million units but it will remain ahead of the estimated global growth rate of 20%. Add in the upcoming launch of 3G mobile phones expected by the 2008 Beijing Olympics and you have tremendous growth opportunities in the area of mobile phones.
The Chinese healthcare sector is also on the verge of extraordinary growth. With 1.3 billion people, the costs for healthcare could be staggering. That is why the country is focused on improving its healthcare system in an effort to make people healthier. From promoting the benefits of dairy products to traditional Chinese medicine and a growing market for medical devices and services, healthcare should play out as a major area of growth.
The most impressive area of growth could prove to be the retail sector. Driven by rising income levels, a burgeoning middle class, and adopting a "shop until you drop" mentality, consumer spending is expected to accelerate in China. The Chinese government is encouraging wealth and spending. The retail sector in China has been on a significant uptrend. In 2006, the government lifted its tight regulatory hurdles on the ability of foreign retailers to enter into the Chinese market. With the relaxed policies, any foreign retailer wanting to expand into China will no longer be required to form a joint venture with local companies. On this note, over 1,000 applications submitted by foreign retailers have been approved, according to The Shanghai Foreign Investment Commission.
tt's wad the stock market is all about...behind the dollar signs...it is in actual fact made up of humans!
i wonder how the new STI components will affect seeing the STI chart itself...
UOB Kayhian report: strongly believing in the 3300 support...well Thurs closing is at 3311...will we see a rebound from here~.....
on to you.
Stay Calm, Relaxed, and Ready: Don't Crack Under Pressure
Successful traders have learned how to make trades in a carefree,
relaxed, and focused manner. They don't put unnecessary pressure
on themselves, stress themselves out, and then crack under the
pressure.
They don't believe that they must succeed on any single trade; they
keep their eye on the big picture. They don't believe they need to be
right. They don't impose their will on the market. And they don't try
to predict the future behavior of the market. Instead, they objectively
observe market conditions, make a detailed plan of attack, and let the
market take them where it wants them to go.
They stay calm and relaxed, and ready to anticipate what will happen
next. Successful traders enter "the zone" as Mark Douglas and others
have described this peak performance mental state. Seasoned traders
do not doubt or second-guess themselves.
They freely enter and exist trades without worrying about the
consequences.
This carefree approach to trading allows them to see trading
opportunities
more easily and allows them to take advantage of these opportunities
when they arise.
Trading is a lot like playing sports. Players must stay objective,
calm, and not crack under the strain of wanting to be "the best" or
"perfect."
Over the weekend, college football fans observed what happens when a
team
seems to be playing "so perfectly" that some say they are "unbeatable."
All season long, the Oklahoma Sooners have been winning, and winning
big.
They were the only undefeated college football team, until Saturday
night,
when they lost by over three touchdowns to the Kansas State Wildcats.
What's surprising about this loss is not that the Sooners lost, since
even
the best teams can lose occasionally. It was the way they lost and how
they
seemed to be defeated psychologically. After making their only
touchdown
in the early moments of the game, they seemed to be stunned and shaken
for the rest of the game. They couldn't make even a single touchdown.
It was unexpected and hard to believe.
One commentator said it was like the bully who had never been beaten
down.
They knew how to win, but when upset and knocked down, they didn't know
how to get back up. Sooners' Quarterback Jason White said, "They put
pressure on us and got to us a few times." And as the clock ticked
away,
Kansas State made another touchdown, then another, and then another.
As one announcer put it in the final minutes of the game, "They just
want to lick their wounds and go home."
From a purely psychological perspective, one can wonder what would have
happened had the Sooners lost one of their first few games. Maybe they
would have learned how to recover from a setback, and when they were
down by a couple touchdowns, they could have easily come back to make
the win.
It's like what some hedge fund managers say about good traders:
"The best traders are those who have blown out their accounts a few
times.
They know what it feels like, know how to recover from it, and the
possibility
doesn't haunt them anymore."
Although it's unpleasant to think about, it's worth considering the
worst-case scenario, and making a detailed plan to recover should it
happen.
It's just one strategy for learning how to trade in a carefree manner
so
that should you face a severe financial setback, you can recover from
it.
Trading in the zone requires intense concentration and focus, and it's
difficult to maintain this stance when the pressure is on you to
perform.
Thus, you must do whatever you can to reduce the perceived
psychological
pressure.
The most obvious way to relieve such pressure is to think in terms of
probabilities and carefully manage risk. It's useful to remember that
you may not win on any single trade, but after a series of trades, you
will have enough winners to make a profit in the long run.
It's also important to manage your risk. Determine your risk up-front
and risk only a small amount of trading capital on a single trade.
Doing so will ease a lot of the pressure, allowing you to be more open to
see the opportunities that the market offers. Don't crack under the
pressure of a potentially mortal financial defeat. Consider the
possibility, and be ready to recover from it.
Have a very profitable day!
Dr. Jeff (Trade Secret Vids)
singaporegal,
If the 'community' did no have sufficient time to prepare for the transition, I think it would have been better to postpone the implementation date than to high handedly bulldoze ahead and cause this chaos.
What happened today is a major disgrace to those responsible.
The new STI is more fund-house friendly, easier to replicate for Singapore-equity funds. Not to mention, much easier to 'manage'.
I think there might be more volatility in future. Most of the shares in the new STI are expensive blue chips, typically beyond the reach of most retail investors. Try punting 10 lots of SGX hahah. So I'd expect it to be dominated by the sBBs and bigger institutions.
BTW, Businesstimes site also gives 'realtime' STI index. But it still seems to lag SGX. Tried Yahoo Finance and a few other sites, none could give intraday charts. Sigh.
SGX better fix it real fast... it's a big embarrassment to advertise so much in the papers and end up pissing off the trading population.
not sure if it's just me, but i think the new STI is not going to be fully representative of the general market. with only 30 component stocks, it becomes much easier to manipulate. and for ppl to check the general health of the market (sti as weathervane), it's not going to be fully relevant anymore; would do better to check the component index of your sector perhaps?
on the plus side, it also means you have a sectorial guide as to which industry is doing better and which should be avoided...
yah. troublesome; brokerage site didn't give index, had to go sgx site. hope they settle it soon...
Agree. I think not enough time was given to the brokers to setup the system.
One thing I don't understand is why SGX changed the STI? Isn't a stripped down STI with fewer constituents less useful than the previous one?