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STI to cross 3000 boosted by long-term investors
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GorgeousOng
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14-Aug-2016 21:19
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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冬 天 里 的 一 把 火 ....🎉 🎊 🎉 🎊 🎉 🎊 |
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GorgeousOng
Supreme |
14-Aug-2016 21:14
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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We will rock you......💪 💪 💪 |
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Goldfinger
Supreme |
14-Aug-2016 16:24
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Isn't this close to or even below 2009 GFC valuations??
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famouspinky
Supreme |
14-Aug-2016 14:05
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👍
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marubozu1688
Master |
14-Aug-2016 13:53
Yells: "Be humble in front of Mr. Market." |
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STI PE at 11.91 STI PB at 1.1 http://mystocksinvesting.com/stock-market-indices-pe-ratio/global-stock-market-indices-pe-ratio-at-a-glance-14-august-2016/ |
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Goldfinger
Supreme |
13-Aug-2016 14:09
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Let's celebrate Joseph Schooling's Gold Medal swim win with a strong and powderful STI performance Monday. I support! :) Majullah Singapura! | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
13-Aug-2016 07:16
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Stocks close mostly lower Nasdaq posts longest weekly win streak since 2012 U.S. equities closed mostly lower on Friday as investors digested disappointing economic data, following a record-setting day on Thursday. " The market has been on a tear and it got a little bit ahead of itself," said Mark Luschini, chief investment strategist at Janney Montgomery Scott. " I think what you' re seeing here is some profit-taking and people squaring their books before the weekend. " Retail sales for July came in unchanged, with economists expecting a 0.4 percent increase. Meanwhile, the July reading of the producer price index showed a decline of 0.4 percent, as economists forecast a 0.1 percent gain. Investors kept an eye on both retail sales and the PPI, in part, to get clues about the Federal Reserve' s next move. " If you look at Fed funds expectations [before] those releases, December was a coin-flip. Now a rate hike is not priced in until May, said, Jon Adams, senior investment strategist at BMO Global Asset Management. Other data released Friday included business inventories, which rose more than expected in June, and consumer sentiment for August, which came in below expectations. Oil prices rose Friday, with U.S. crude settling at a three-week high of $ 44.49 a barrel. Baker Hughes said drillers added 15 rigs this week. Overseas, European stocks traded slightly lower, with the Stoxx 600 index slipping 0.16 percent. Asian equities rose broadly, with the Nikkei 225 and the Shanghai composite both advancing more than 1 percent. Gold futures for December delivery settled $ 6.80 lower at $ 1,343.20 per ounce. Read more.... |
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WanSiTong
Supreme |
12-Aug-2016 21:15
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China regulator says preparing for Shenzhen-Hong Kong stock connect The China Securities Regulatory Commission (CSRC) is actively preparing for the Shenzhen-Hong Kong stock connect and will launch the scheme sometime this year, the regulator said Friday. The regulator has also set up a small working group to coordinate the launch, CSRC said in a statement on its official microblog. The online financial magazine Caixin had reported on Thursday that CSRC had set up such a group. In March, Premier Li Keqiang also stated that China would strive to launch the connect this year. The Shenzhen-Hong Kong Stock Connect is a cross-border investment programme modeled after the Shanghai-Hong Kong Stock Connect, which was launched in Nov 2014, and allows mainland investors to buy Hong Kong stocks, and vice versa. Hong Kong Exchanges and Clearing Ltd (HKEX) said in its mid-year report that the exchange was technically ready for the Shenzhen-Hong Kong Connect scheme, and was only waiting for regulatory approval. |
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WanSiTong
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12-Aug-2016 17:53
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Straits Times Index 2,867.40 -0.08% -2.42 
5:04 PM
Singapore shares weaken on Friday but STI gains 1.4% over the week CORPORATE earnings were the main focus this week, during which the Straits Times Index (STI) rose 40 points or 1.4 per cent to 2,867.40, including Friday' s 2.42 point drop. Providing the backdrop was a largely firm Wall Street, still basking in the " Goldilocks" glow of the previous week' s employment report which suggested that economic growth is robust but not robust enough to justify significant interest rate hikes. Turnover here however, was mediocre, Friday' s session seeing one billion units worth S$916 million, below the S$1 billion daily average this year. On Friday, S$565 million or 62 per cent was done in the 30 STI components. DBS kicked off the Q2 reporting season for banks on Monday when it announced a 5 per cent increase in net interest income to S$1.8 billion and 6 per cent fall in net earnings to S$1.05 billion. DBS attributed the profit fall to a S$150 million charge for exposure to bankrupt oil and gas (O& G) company Swiber Holdings. However, it did add that asset quality remains sound. On Friday, DBS bounced S$0.09 to S$15.04 on volume of 4.96 million for the week it gained S$0.21 or 1.4 per cent. Although some analysts remain wary of possible O& G-related problems ahead - Macquarie Equities Research for example, said that it is reluctant to view Swiber as a one-off and maintained its " neutral" view with S$15 target for DBS - some have dismissed these concerns and issued a " buy" . |
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famouspinky
Supreme |
12-Aug-2016 15:58
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Difficult
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FATABA
Supreme |
12-Aug-2016 15:48
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ya lor......and HK also up 100+. Singapore need to catch up ...dont just " stand up " ....go go go
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WanSiTong
Supreme |
12-Aug-2016 15:43
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Shanghai Market Hits 1-Month High Led by Property, Bank Stocks Sharp gains in property and banking shares on Friday led the Shanghai market to its highest level in a month, as investors bet on the imminent launch of the Shenzhen-Hong Kong stock connect. The Shanghai Composite Index closed up 1.6% to 3050.67, its biggest single-day gain since July 12. The Shenzhen Composite Index rallied 1.2% to 1973.67 while the more volatile ChiNext board gained 1% to 2123.84. " We noticed that institutional funds have flowed into the domestic market steadily in the past few sessions," said Simon Wang, an analyst at Guoyuan Securities, pointing to expectations for launch of Shenzhen-Hong Kong connect. A sub-index tracking the property sector surged 5% while banking stocks rallied 2.4%. At least six property stocks including China Vanke and China Calxon hit the 10% daily upward limit. The share prices of Chinese banks listed in Hong Kong rise on heavy trading volumes. China Construction Bank Corp is up 0.7% with Bank of China trades 0.9% higher and Industrial & Commercial Bank of Chinaclimbs 0.8%. The stocks are also among the top five stocks changing hands on the Hong Kong market. Investors are piling into banking stocks despite an editorial in state-owned Xinhua warning against speculation of a rate cut by the Chinese central bank. Lower interest rates help banks expand lending. Banks typically maintain their margins (net interest margins) by paying less for deposits , even while charging lower interest rates on loans. Asian Indexes
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WanSiTong
Supreme |
12-Aug-2016 14:40
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Oil prices rise on talk of possible exporter moves to prop up market Oil prices rose by around 1 percent on Friday, extending gains from the previous session on expectations that exporters could talk at an upcoming meeting about ways to prop up a market that continues to be dogged by a supply overhang. International Brent crude oil futures were trading at $ 46.40 per barrel at 0536 GMT, up 36 cents, or 0.8 percent, and earlier hitting a three-week high at $ 46.66. U.S. West Texas Intermediate (WTI) crude futures were at $ 43.98 a barrel, up 49 cents, or 1.1 percent, and touching their highest since July 25 at $ 44.17. Both price benchmarks rose more than 4 percent on Thursday. Markets were pushed up as Saudi Arabia' s energy minister Khalid al-Falih said in a statement late on Thursday that oil producers would discuss potential action to stabilize oil prices during a meeting next month in Algeria. " Talk of production cuts in the oil market saw prices surge overnight," ANZ bank said on Friday. An outlook published by the International Energy Agency (IEA) that said it expected the supply and demand balance to tighten towards year-end also supported prices. Traders said an 8.1 percent drop in China' s oil output in July to a five-year low of 16.72 million tonnes also lifted prices because it would mean Asia' s biggest economy has to import more crude. Oil prices, however, are still some 12 percent below their last peak in June as brimming storage tanks and production that exceeds consumption weighs on markets. |
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WanSiTong
Supreme |
12-Aug-2016 14:02
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Asian Shares Rise as U.S. Stocks Hit Record Trifecta Stocks rose sharply across the board in Asia on Friday, catching an updraft from record highs in the U.S. that offset disappointing economic news from China. " Certainly it' s positive," said Caroline Yu Maurer, head of greater China equities at BNP Paribas Investment Partners, which manages close to 533 billion euros ($ 593 billion). " For global investors, the US is a good indicator of risk appetite. If the US continues hitting highs, it will benefit all the other markets. " In China, the Shanghai Composite Index was up 0.59% despite a swath of economic data that missed expectations. In July, industrial output grew 6% from a year ago, below a forecast of 6.2% and the 6.2% growth recorded in June. Chinese retail sales rose 10.2% from a year ago, below an expectation for a 10.5% increase and the 10.6% growth posted in June. Indicative of traders' resilience, Hong Kong-listed shares in Chinese banks rose. Bank of China Ltd was up 1.5%, China Construction Bank Corp. was 1.2% higher and Bank of Communications Co. jumped 2.2%. " I do not think anyone was expecting that number to surprise on the upside," said Ms. Maurer. " People are getting used to it now, so it' s not a big shock." The Asian market gains came during a bullish period for equity markets, as a low-rate environment prompts investors to pull money out of bonds into stocks. " There seems to be few other places for investors to look [for yields] at the moment," said Daniel Metcalfe, a senior investment advisor at OM Financial Ltd. Even improving odds for a December interest-rate increase by the U.S. Federal Reserve did not damp enthusiasm. Fed funds futures traded on the Chicago Mercantile Exchange showed a 42.6% likelihood of a December rate increase, up from 36.4% a day ago. Rising U.S. interest rates typically draw money toward U.S. assets and away from emerging markets such as Asia' s. The market will be watching coming U.S. retail sales figures for further clues to the health of the world' s biggest economy. Asian Indexes
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GorgeousOng
Supreme |
12-Aug-2016 10:15
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Trump: Obama & Clinton founders of ISIS 😳 😳 😳 |
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WanSiTong
Supreme |
12-Aug-2016 09:53
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Shenzhen Speculation Will Continue to Lift HK Stocks: Broker Hong Kong' s Hang Seng index will continue to rise with support seen at the 20-day moving average of 22042 points, says broker UOB Kay Hian. " If the index can hold above this level, the uptrend will still keep moving higher," it says. The Hang Seng is higher by 1.1% at 22808.01 points in Friday opening trade. The benchmark index snapped its losses and rebounded on hopes of an imminent opening of the Shenzhen-Hong Kong Stock Connect, the broker says. Respected Chinese private media publication Caixin reported that the China Securities Regulatory Commission recently set up a dedicated working group for the Connect. The broker initiates coverage of BOC Aviation (2588.HK) with a Hold rating and a target price of HK $ 35.60 while it is bullish on Citic Securities (6030.HK) and Central China Securities (1375.HK) for technical reasons. Asian Indexes
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WanSiTong
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12-Aug-2016 08:54
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Stocks To Watch ThaiBev, Olam, GLP, IndoAgri, Keppel DC REIT, Sinarmas Land |
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WanSiTong
Supreme |
12-Aug-2016 08:34
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Asia markets higher ASX up 0.7 pct, Nikkei up 0.9 pct and Kospi higher by 0.3 pct Asia markets advanced in early trade on Friday, following record high finishes in the U.S. amid a rebound in oil prices. In Australia, the ASX 200 was up 0.68 percent, with a 2 percent advance in the energy sub-index. The Japanese market returned to trade after being shut Thursday for a public holiday, and the benchmark Nikkei 225 was up 0.8 percent. Across the Korean Strait, the Kospi gained 0.34 percent. Major U.S. indexes closed at new record highs, with the Dow Jones industrial average up 117.86 points, or 0.64 percent, at 18,613.52. " Oil has been at the heart of the move, helping high yield credit spreads to narrow relative to U.S. treasuries and put real backbone behind the feel good factor," said Chris Weston, chief market strategist at spreatbettor IG. In Asia trade, oil prices extended their overnight rebound, with U.S. crude futures up 0.51 percent at $ 43.71 a barrel after jumping 4.3 percent overnight. Global benchmark Brent added 0.33 percent to $ 46.19 after climbing 4.5 percent overnight. Energy plays in the region gained, with Santos shares up 3.74 percent, Fuji Oil Holding up 3.33 percent and Inpex higher by 1.41 percent. Sentiment on oil received a leg up after comments from Saudi energy minister, Khalid al-Falih, appeared to lend more credibility to the idea that OPEC might consider taking action if oil prices remained low. To be sure, oil prices gyrated earlier this year amid speculation over steps OPEC could take to address the global supply glut. In June, OPEC members failed to reach an agreement on a new production ceiling. The International Energy Agency (IEA) also said on Thursday that the world will consume less oil next year than previously thought, estimating global oil demand growth will slow from 1.4 millions of barrels a day in 2016 to 1.2 million barrels a day in 2017, which is 100,000 barrels below its previous forecast. |
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WanSiTong
Supreme |
12-Aug-2016 08:28
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Asian Indexes
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Goldfinger
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12-Aug-2016 07:21
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Yes please continue to Poke away merrily as it will enrich SingTel and StarHub heehee
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