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Morning Gold & Silver Market Report - 6/2/2014

6/2/2014 8:13:17 AM By: Ryan Schwimmer

MARKET WAITS FOR FRIDAY&rsquo S JOBS DATA

The Gold price is relatively flat in early-morning trading, while stock futures are modestly higher. The first week of a new month brings with it speculation of the monthly jobs report, to be released Friday. Economists predict that 200,000 nonfarm payrolls were added last month, which would be the fourth-straight 200,000-plus gain. Regarding the Federal Reserve&rsquo s ultra-loose monetary policy, Chicago Fed President Charles Evans said, " Everybody is more comfortable and understanding the current economic conditions are such that (it is) appropriate for monetary policy to remain highly accommodative well into 2015 and you know it could even be 2016."

The European Central Bank is meeting this week and is expected to announce more loosening of monetary policy in the eurozone. While dovish policies globally are a good sign for the Gold price, the euro falling in value would make the U.S. dollar appear stronger. In turn, that could lower Gold prices, since Gold is still viewed in dollars. Of course, that is only one factor in a pool of many factors that affect the prices of Precious Metals.

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

Gold, $1,248.20, Up $0.20.
Silver, $18.86, Up $0.12.

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02-Jun-2014 20:35

China Everbright / HankoreEnv (U9E) Discussion

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it should be more than a pump and dump since essentially the new company is a SOE and China has consistently emphasized on increasing expenditure on the water treatment industry.

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31-May-2014 01:04

China Everbright / HankoreEnv (U9E) Discussion

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I think what many people are missing out is that HanKore is a sound business standalone with strong fundamentals such as its recurring income streams. the CEI deal enhances what it has currently and that is something which would require re-valuation if the deal materialises.

as the situation stands, it is important to recognise HanKore' s existing business (trading at a discount compared to industry peers) and form your own valuation. it is rather pre-mature to predict the share price reaction on Monday. market forces will determine it, not our words.

how about we just enjoy the weekend ahead? :)

Peterngchinheng ( Date: 30-May-2014 21:35) Posted:

By tomorrow (31-may), if no any RTO news, is that consider not successful? Price will be sharply drop coming Monday?

cccx123 ( Date: 30-May-2014 21:25) Posted:

They need to make an RTO related announcement on the validity of the exclusivity period.

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29-May-2014 01:05

China Everbright / HankoreEnv (U9E) Discussion

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to spivvy - wishing your mum all the best bro 珍惜眼前人 !

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on HanKore - there are any others who follow TA, it has always closed above or at VWAP for the past three trading days. despite some selling pressure from retail investors doing profit taking or cutting losses, the chart also reveals a bullish divergence trend so the sentiment remains positive.

before the run-up last Friday, HanKore' s trading was also rather muted though being supported when the selling pressure intensifies.

at current price levels and excluding the CEI deal, HanKore remains undervalued compared to industry peers. as such, I personally feel that there is still speculative and fundamental upside.

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26-May-2014 21:52

Gallant Venture / batam is a crown jews for gallant

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when it comes to investment in emerging markets, stability within the political scene is very important. with the upcoming Indonesian presidential elections slated on 9 July 2014, would it be a better idea to wait for more visibility?

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25-May-2014 17:38

China Everbright / HankoreEnv (U9E) Discussion

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ah okay, thanks! hope everyone can huat together!

gavinl ( Date: 25-May-2014 11:51) Posted:

Lol, part TA part I like the number 108. Huat ah!

VinCny ( Date: 25-May-2014 11:48) Posted:

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25-May-2014 11:26

China Everbright / HankoreEnv (U9E) Discussion

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hi Gavin, can you please share how you derive your own TP of S$1.08? is it from technical support lines or any other methodology? trying to learn and improve here :)

gavinl ( Date: 24-May-2014 16:05) Posted:

Bro Spivvy, the shares might goes up further if you ask me but one must always have a TP in mind. Yes, i had cashed out and sure a lot of forumers will ask why i sell? Reason is simple, i m a short term trader and it met my TP. Also, leave some for others. In your case,if can earn back what you had lost,very heng liao unless you change to become long term investor like Master Leela etc. All the very best to you and family. Good luck.

Spivvy ( Date: 24-May-2014 15:53) Posted:

Gavin bro got any tips for me?

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22-May-2014 20:29

China Everbright / HankoreEnv (U9E) Discussion

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if you follow the sequence of events, before the announcement of RTO, share price already steadily rose till S$0.70 - S$0.80 upon announcement of good financial results and I believe to a certain extent, Alan Wang' s substantial shareholding in the company.

investors, speculators inclusive, subsequently bought the shares up to a record high of S$1.49.

uncertainty, panic, fear together with a lacklustre set of financial results sent the share price pretty much down to where it was. however, if you scrutinize the recent set of results, it was in fact a one-off accounting loss due to a previous acquisition which was marked to market value.

I believe Alan Wang' s second share purchase on the open market recently at an average price of S$0.96 in May 2014 speaks volume about his confidence in the management and company but as most investors would be familiar with Alan Wang' s trading strategy, he is more of a fundamentalist.

on the macro aspect, the Chinese government yesterday announced plans to speed up construction of water infrastructure projects (http://www.reuters.com/article/2014/05/22/china-water-idUSL3N0O81SU20140522) and most if not all companies in the industry (listed in HK) rallied. (China Everbright International, 257.HK Beijing Water Enterprise, 371.HK CT Environmental Group, 1363.HK)

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conclusion: long-term positive about HanKore fundamentalists should look beyond the near-term uncertainty surrounding China Everbright deal just my two cents worth.

divads ( Date: 22-May-2014 16:11) Posted:

sorry.. RTO called off, may drop back to 40 cents.

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21-Feb-2014 00:42

Sheng Siong / Sheng Siong

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Sheng Siong Group?s core net profit grew 18.6% yoy to S$38.9 million for FY2013

 Revenue increased 7.9% yoy to S$687.4 million in FY2013 largely due to higher new stores sales, which was offset partially by lower comparable same store sales

 Gross profit margin increased from 22.1% in FY2012 to 23.0% in FY2013 mainly due to lower input costs derived from the distribution centre and better sales mix

 Proposed final dividend of 1.4 cents per share, bringing the total dividend to 2.6 cents per share or equivalent to a payout ratio of around 92.5% for FY2013

 Board reiterates commitment to continue distributing up to 90% of net profit after tax for FY2014

 Committed to nurturing the growth of the new stores and expanding store footprint across Singapore

Press release

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19-Nov-2013 22:14

DMX Technologies / DMX Tech

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Wow, thanks for the very insightful sharing moneycow!

I guess it helps to hear it from someone who had been following the company a while ago rather than picking up analysis from where I come from. Really appreciate it, now I may just keep it on radar but keep my cash intact.

moneycow ( Date: 19-Nov-2013 11:03) Posted:

Thanks Buddy.

Sorry for the mistype and typos on my post below.

Hopefully it can be understood. :)

Holders are and must be hopeful. BUT many a times will get disappointed in the end.

It was like that, it will be like that always (it seems)

BUT wish all its longer term holders best of luck and may your wishes and dreams of it become true.

Got nothing against it - but just sharing the frustration of being its shareholder once upon a time not so long ago.

TA and fundamental doesn't count for all stocks. That are historical facts.

Cheers.

bluesky88 ( Date: 19-Nov-2013 10:44) Posted:

Hv abserve this company for a while. Hit $0.47 in yr 2010 & share price keep going downtrend & never climb ups.

Despite good news now & then..this stock is not performing.

I totally agree what MC said!

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19-Nov-2013 00:46

DMX Technologies / DMX Tech

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I think it is unfair to consider DMX a " lousy" company based on " big revenue tiny profits" . If so, many companies listed worldwide would be considered " lousy" .

You have to take into consideration that this company essentially comprise two separate business divisions, the ICT and digital media. While it is industry knowledge that system integration is a capital intensive business, it would be a shame to neglect the contributions of the digital media. Trading at 0.48 P/BV, P/E of less than 10 and more importantly, EV/EBITDA of less than 4, I consider this a deeply undervalued company more than a " lousy" one.

Just my two cents worth.

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17-Nov-2013 21:04

Courts Asia / Courts Asia

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Not entirely familiar with this counter but highly interested in their recently approved share buy back scheme. Seems like the management has strong conviction or at least supports the share price when Courts went underwater post-IPO, the company also bought back a considerable amount of shares during the stabilisation period.

Post approval of the shares buy back scheme, they had also continued to buy back shares at sub IPO price of S$0.78.

Can we expect near-term technical rebound or is it a case of catching fall knives at this point in time?

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14-Nov-2013 23:36

DMX Technologies / DMX Tech

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third quarter results were only released after market.

kahlid ( Date: 14-Nov-2013 23:29) Posted:

strange that this stock get beaten down today, despite a solid quarter...?

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14-Nov-2013 22:32

HS Optimus / Untapped PENNY rising on strong HDB GOVERNMENT

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just looked up the company and it seems like they supply tiles for HDB flats. with the bulk of new flats coming through in 2014/2015, this might be an interesting play with a very attractive P/E too.

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14-Nov-2013 22:02

DMX Technologies / DMX Tech

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Company just reported a very solid quarter. Anyone else considers this counter undervalued?

http://infopub.sgx.com/FileOpen/DMX_ANN_3Q13_Results_Media_Release.ashx?App=Announcement& FileID=264531

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