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STI to cross 3000 boosted by long-term investors Post Reply Rate topic
bishan22 Supreme	12-Aug-2015 16:53        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dust not settled yet. Next week the dropped durians will still be around. don't be kan jong spider. fernvale      ( Date: 12-Aug-2015 15:31) Posted: Wow now europe red red, then tonite dj red red again, then tmr (thurs) asian lagi red. Who want catch falling knives
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risktaker Supreme	12-Aug-2015 16:51        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	i think market high chance to do a sharp rebound tomorrow.... over done over sold..
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fernvale Master	12-Aug-2015 15:31        fernvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow now europe red red, then tonite dj red red again, then tmr (thurs) asian lagi red. Who want catch falling knives
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Peter_Pan Supreme	12-Aug-2015 15:19        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	everything is dropping...even durians also dropping...but cannot pick
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FATABA Supreme	12-Aug-2015 15:18        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	China released a raft of disappointing economic data for July on Wednesday, adding to concerns about the outlook for the world' s second largest economy and raising expectations of further stimulus from the government. Retail sales rose 10.5 percent in July from the year earlier, according to data from the National Bureau of Statistics, below the 10.6 percent rise forecast in a Reuters poll and following June' s 10.6 percent rise. Industrial output, meanwhile, grew an annual 6.0 percent in the month, lower than expectations for a 6.6 percent gain and after a 6.8 percent uptick in the previous month. Fixed-asset investment (FAI), a key economic driver, expanded 11.2 percent in the first seven months of the year from the year-earlier period, missing estimates for a 11.5 percent gain and compared with a 11.4 percent gain seen between January and June. " The data misses reflect the impact of the recent equity market crash, which reduced consumer spending power and diverted bank lending away from the real economy and into the government-orchestrated equity buying," explained Dariusz Kowalczyk, senior economist and strategist at Credit Agricole. " With less lending to the real economy, investment slowed," he said. Chinese equities suffered their worst month in almost six years in July, prompting the government to roll out a host of measures to bolster investor confidence, including establishing a market stabilization fund to put a floor under share prices. Wednesday' s data follows weaker-than-expected trade data published over the weekend, which showed exports sliding 8.3 percent on-year in July and imports slumping 8.1 percent. July economic activity indicators are closely watched as they provide an insight into how growth momentum is faring into the second half of the year. The economy grew 7.0 percent on-year in the second quarter, steady with the previous three months and a touch better than analyst forecasts. " The government will need to do more to revive growth," said Kowalczyk. " It seems like currency depreciation is one of the tools authorities are employing, but they will likely boost infrastructure spending and ease monetary policy further," he said. The People' s Bank of China surprised markets on Tuesday by devaluing the yuan by almost 2 percent, and vowing to refer to more market based valuations in setting the daily trading band for the closely-managed currency. Li-Gang Lui, chief China economist at ANZ shared a simliar view, warning that if conditions do not improve in the coming months, growth could fall below 6.5 percent in the July-September quarter. " Fiscal policy will have to take a bigger role in H2. In fact, the State Council has recently reiterated to pursue proactive fiscal policy in its meeting at the end of July," Liu said. " If government is still serious in reaching 15 percent fixed asset investment target, FAI investment growth should reach 18.6 percent in H2, led by infrastructure investment in the coming months." WanSiTong      ( Date: 12-Aug-2015 14:48) Posted: Highlight US Fed funds rate hike to take place as expected despite RMB devaluation, says Citi   | August 12, 2015 : 1:37 PM Despite the fallout in global equity, bond and currency markets following the move by the People' s Bank of China to devalue the renminbi or RMB by 2% on Aug 11, Citi believes the upcoming interest rate hike proposed by the US Federal Reserve will take place next month as expected. &ldquo So far, things are on track for a lift off in September,&rdquo says Citi in an Aug 12 note. &ldquo From a US perspective, we believe this policy gesture of loosening the RMB peg to the US dollar is another move in a series of recent attempts to bolster China' s rapidly weakening growth. This latest move complements official interventions in China' s equity markets,&rdquo Citi analysts write in their Aug 12 note. &ldquo We consider this latest move as an attempt to contain China' s slowdown from affecting activity in the region and globally and to stem concerns about the efficacy of China' s financial liberalisation agenda.&rdquo However, slowing growth in China, alongside declining oil prices and the strengthening greenback, are only &ldquo transitory factors&rdquo with temporary impact on the economy, Citi believes. Meanwhile, the Fed is likely to base its decision on a rate hike on more fundamental and improving trends, such as falling unemployment. Moreover, direct trade flows between the US and China is relatively small, with the shipment of US goods to China representing just 7.7% out of total exports, according to Citi data. In comparison, exports of US goods to Canada and Mexico total 19% and 14.2% of total exports, respectively. Still, Citi is cautioning its clients to watch out for signs of disorderliness in asset markets which could delay the Fed funds rate hike. &ldquo This regime shift implies the beginning of a measured RMB depreciation,&rdquo Citi says. Consequently, it expects the RMB to weaken by 4.2% from Aug 11 levels to 6.5 against the USD over the next 12 months. The brokerage also expects heightened volatility in the RMB and further rate cuts by the PBoC to stem capital outflows in the months ahead.
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FATABA Supreme	12-Aug-2015 15:04        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Agreed...certainly over sold. Yuen devalue should not have such a hugh effect.  Blue chips are worth more then their book value. Dont let the US fund come in and buy so cheap cheap  ( with 1.41 to a sing now...even cheaper for them ) risktaker      ( Date: 12-Aug-2015 13:21) Posted: me think overdone.....buy the blues for rebound
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victortan Elite	12-Aug-2015 14:56        victortan About Contact  Quote this Post!
x 0   x 0  Alert Admin	UNless Yellen yell, other may say what they like, who is citi?? Is that the girl from Malaysia.LOL
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fernvale Master	12-Aug-2015 14:52        fernvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Last warning to run out bishan22      ( Date: 12-Aug-2015 14:50) Posted: Another whammy from US. STI knockout flat. WanSiTong      ( Date: 12-Aug-2015 14:48) Posted: Highlight US Fed funds rate hike to take place as expected despite RMB devaluation, says Citi   | August 12, 2015 : 1:37 PM Despite the fallout in global equity, bond and currency markets following the move by the People' s Bank of China to devalue the renminbi or RMB by 2% on Aug 11, Citi believes the upcoming interest rate hike proposed by the US Federal Reserve will take place next month as expected. &ldquo So far, things are on track for a lift off in September,&rdquo says Citi in an Aug 12 note. &ldquo From a US perspective, we believe this policy gesture of loosening the RMB peg to the US dollar is another move in a series of recent attempts to bolster China' s rapidly weakening growth. This latest move complements official interventions in China' s equity markets,&rdquo Citi analysts write in their Aug 12 note. &ldquo We consider this latest move as an attempt to contain China' s slowdown from affecting activity in the region and globally and to stem concerns about the efficacy of China' s financial liberalisation agenda.&rdquo However, slowing growth in China, alongside declining oil prices and the strengthening greenback, are only &ldquo transitory factors&rdquo with temporary impact on the economy, Citi believes. Meanwhile, the Fed is likely to base its decision on a rate hike on more fundamental and improving trends, such as falling unemployment. Moreover, direct trade flows between the US and China is relatively small, with the shipment of US goods to China representing just 7.7% out of total exports, according to Citi data. In comparison, exports of US goods to Canada and Mexico total 19% and 14.2% of total exports, respectively. Still, Citi is cautioning its clients to watch out for signs of disorderliness in asset markets which could delay the Fed funds rate hike. &ldquo This regime shift implies the beginning of a measured RMB depreciation,&rdquo Citi says. Consequently, it expects the RMB to weaken by 4.2% from Aug 11 levels to 6.5 against the USD over the next 12 months. The brokerage also expects heightened volatility in the RMB and further rate cuts by the PBoC to stem capital outflows in the months ahead.
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bishan22 Supreme	12-Aug-2015 14:50        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another whammy from US. STI knockout flat. WanSiTong      ( Date: 12-Aug-2015 14:48) Posted: Highlight US Fed funds rate hike to take place as expected despite RMB devaluation, says Citi   | August 12, 2015 : 1:37 PM Despite the fallout in global equity, bond and currency markets following the move by the People' s Bank of China to devalue the renminbi or RMB by 2% on Aug 11, Citi believes the upcoming interest rate hike proposed by the US Federal Reserve will take place next month as expected. &ldquo So far, things are on track for a lift off in September,&rdquo says Citi in an Aug 12 note. &ldquo From a US perspective, we believe this policy gesture of loosening the RMB peg to the US dollar is another move in a series of recent attempts to bolster China' s rapidly weakening growth. This latest move complements official interventions in China' s equity markets,&rdquo Citi analysts write in their Aug 12 note. &ldquo We consider this latest move as an attempt to contain China' s slowdown from affecting activity in the region and globally and to stem concerns about the efficacy of China' s financial liberalisation agenda.&rdquo However, slowing growth in China, alongside declining oil prices and the strengthening greenback, are only &ldquo transitory factors&rdquo with temporary impact on the economy, Citi believes. Meanwhile, the Fed is likely to base its decision on a rate hike on more fundamental and improving trends, such as falling unemployment. Moreover, direct trade flows between the US and China is relatively small, with the shipment of US goods to China representing just 7.7% out of total exports, according to Citi data. In comparison, exports of US goods to Canada and Mexico total 19% and 14.2% of total exports, respectively. Still, Citi is cautioning its clients to watch out for signs of disorderliness in asset markets which could delay the Fed funds rate hike. &ldquo This regime shift implies the beginning of a measured RMB depreciation,&rdquo Citi says. Consequently, it expects the RMB to weaken by 4.2% from Aug 11 levels to 6.5 against the USD over the next 12 months. The brokerage also expects heightened volatility in the RMB and further rate cuts by the PBoC to stem capital outflows in the months ahead.
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WanSiTong Supreme	12-Aug-2015 14:48        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Highlight US Fed funds rate hike to take place as expected despite RMB devaluation, says Citi   | August 12, 2015 : 1:37 PM Despite the fallout in global equity, bond and currency markets following the move by the People' s Bank of China to devalue the renminbi or RMB by 2% on Aug 11, Citi believes the upcoming interest rate hike proposed by the US Federal Reserve will take place next month as expected. &ldquo So far, things are on track for a lift off in September,&rdquo says Citi in an Aug 12 note. &ldquo From a US perspective, we believe this policy gesture of loosening the RMB peg to the US dollar is another move in a series of recent attempts to bolster China' s rapidly weakening growth. This latest move complements official interventions in China' s equity markets,&rdquo Citi analysts write in their Aug 12 note. &ldquo We consider this latest move as an attempt to contain China' s slowdown from affecting activity in the region and globally and to stem concerns about the efficacy of China' s financial liberalisation agenda.&rdquo However, slowing growth in China, alongside declining oil prices and the strengthening greenback, are only &ldquo transitory factors&rdquo with temporary impact on the economy, Citi believes. Meanwhile, the Fed is likely to base its decision on a rate hike on more fundamental and improving trends, such as falling unemployment. Moreover, direct trade flows between the US and China is relatively small, with the shipment of US goods to China representing just 7.7% out of total exports, according to Citi data. In comparison, exports of US goods to Canada and Mexico total 19% and 14.2% of total exports, respectively. Still, Citi is cautioning its clients to watch out for signs of disorderliness in asset markets which could delay the Fed funds rate hike. &ldquo This regime shift implies the beginning of a measured RMB depreciation,&rdquo Citi says. Consequently, it expects the RMB to weaken by 4.2% from Aug 11 levels to 6.5 against the USD over the next 12 months. The brokerage also expects heightened volatility in the RMB and further rate cuts by the PBoC to stem capital outflows in the months ahead.
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fernvale Master	12-Aug-2015 13:48        fernvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Big funds dumping sg shares, sgd everything sg. Even useless euro also up so much vs sgd in a wk. Recession coming, sgd gone case, sti gone case
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risktaker Supreme	12-Aug-2015 13:21        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	me think overdone.....buy the blues for rebound
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Sporeguy Elite	12-Aug-2015 12:28        Sporeguy About Contact  Quote this Post!
x 0   x 0  Alert Admin	The shortists have made this stock market into casino!
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WanSiTong Supreme	12-Aug-2015 12:27        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Highlight Singapore stocks head for biggest drop since 2011 on China August 12, 2015 : 12:14 PM Singapore stocks tumbled, with the benchmark Straits Times Index heading for its biggest decline since October 2011 amid concerns China' s currency devaluation will hurt bank earnings and slow economic growth. The Straits Times Index sank 2.5%, the most among Asia-Pacific benchmarks, to 3,073.37 as of 11:30 am in Singapore. DBS Group Holdings , Oversea-Chinese Banking Corp.  and United Overseas Bank , the nation' s three key lenders, each slumped at least 4.4% and contributed the most to the benchmark ' s decline. Singapore banks have been making inroads into China and the People' s Bank of China' s move to devalue its currency will hurt their earnings, according to Daiwa Securities Group Inc. The yuan was headed for its biggest two-day drop in 21 years after the PBOC' s reference rate was cut to the weakest level since 2012. " Their exposure to China provides additional headwinds for the Singapore banks," David Lum, an analyst at Daiwa Securities in Singapore, said by phone. " Their base is still Singapore and Asean, which is also not doing well." The Straits Times Index has lost 8.7% this year, the worst-performing stock gauge in the developed world after Greece. The Greater China region made up 30% of pretax profit at DBS in the first half, the most among the three Singapore lenders. The region accounted for about a fifth of OCBC' s pretax profit and about 11% of UOB' s. China Sentiment " It' s mainly a sentiment issue here from China," Hans Goetti, head of investment for Asia, at Banque Internationale a Luxembourg SA. The profitability of Singapore banks will probably be limited as " China has slowed down aa lot already," he said. Singapore slashed the upper end of its growth forecast for 2015 on Tuesday after the economy shrank last quarter, signalling a softened outlook as China' s slowing growth takes its toll on the city-state' s export-dependent economy. While Singapore' s banks are among the best-capitalised in the world, loan recovery is suffering after government curbs drove home sales to a six-year low in 2014, oil prices slumped and Southeast Asian economies faltered. Lenders have placed 2.3% of their loan books , the most since 2009, in a " special mention" category that signals potential weakness. In neighboring Malaysia, concerns are mounting as the currency trades at a 17-year low in an economy that' s probably growing at the slowest pace in more than two years, according to a Bloomberg survey before a report Thursday. CapitaLand , Singapore' s biggest developer with almost half of its assets under management in China, dropped 3.4%, while rival City Developments lost 1.9%.
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Peter_Pan Supreme	12-Aug-2015 12:18        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	Looks like stock markets will collapse in the very near term...
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Qanghoo Supreme	12-Aug-2015 12:00        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	The way the mkt is falling here it' s like more spectacular than SSE.  Now, probably people  in a lot of other countries are making fun of SGX - Spore Gone-case Exchange - the laughing stock of the world.  dead44      ( Date: 12-Aug-2015 11:29) Posted: That why should not be happy when others down remenber when sse down many here fire crackers. Karma RoundRound      ( Date: 12-Aug-2015 10:10) Posted: The lowest it got today is around 3% or over 95 points. Real carnage here whereas the rest of the world fall by a lot less and even then, these other country's indices have got up much. SGX or MAS should seriously review on the freehand on Shortists creating damages that is going to be hard to repair in the long ru
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dead44 Senior	12-Aug-2015 11:29        dead44 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That why should not be happy when others down remenber when sse down many here fire crackers. Karma RoundRound      ( Date: 12-Aug-2015 10:10) Posted: The lowest it got today is around 3% or over 95 points. Real carnage here whereas the rest of the world fall by a lot less and even then, these other country's indices have got up much. SGX or MAS should seriously review on the freehand on Shortists creating damages that is going to be hard to repair in the long run fortunecat      ( Date: 12-Aug-2015 09:45) Posted: Cannot remember when' s the last time STI dropped 80pts. And it happened after many sessions of 40-50 pts drop. STI really BS
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Demostation Supreme	12-Aug-2015 11:21        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	This thread may be locked if too many of you play politics here.   Lol.
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taxiuncle Veteran	12-Aug-2015 11:20        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wont happen lar....Oppo looks weak leh.... eaton1977      ( Date: 12-Aug-2015 10:12) Posted: May be opposition going to win big. Big fund all selling ? Qanghoo      ( Date: 12-Aug-2015 09:48) Posted: spore mkt is probably the worst performing stock mkt in the world.  Totally unable to withstand any pressure.
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Ivanchia81 Member	12-Aug-2015 11:17        Ivanchia81 About Contact  Quote this Post!
x 0   x 0  Alert Admin	possible to down below 3000 soon?
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