Dear Friends,
You may think that Asia is going into a selling frenzy given that Nikkei and Hang Seng both drop more than 300 points. STI drop 32 points.
In my opinion, I think that this selloff today is unwarranted. A lot of us are scared that US may tumble given that it is at all time high. DOW nearly touches 16588, the all time high a few days back, before dropping for 3 days. S& P500 reached a new high just 4 days back.
With China economy showing weakness, surely the US market is going to halt, RIGHT???
Ha, I would like to think so, given that I don't even have the chance to board my favorite retirement stock, FACEBOOK. It simply is not cheap enough at 70.94!
But sad to say, I think US is not entering a correction yet. I don't think you might see it this month. Given the positive data of the non farm payroll and ISM report, I do think that DOW is capable of hitting all time high again.
So, if Asia has a selloff, I do think it may be time to watch a few markets again! Hang Seng and China is again in my radar now!!!
Stay tuned to my blog where I will post where I think might be a bottom.
I do hope that STI might reach 3050 again, but, I feel it has a better chance of advancing to 3150 again first.
Let us see!
Rgds
Daniel
www.danielloh.com
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hlfoo2010
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13-Mar-2014 07:51
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Tesla ban in New Jersey an opening salvo in war with automakersBreakout8 hrs ago Yesterday?s vote by the New Jersey Motor Vehicles Commission to block direct manufacturer auto sales in the state is likely only the beginning of a much larger and national effort to prevent Tesla (TSLA) from selling its innovative electric cars. |
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teeth53
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13-Mar-2014 07:47
Yells: "don't learn through life, learn to grow with life " |
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Oop....Should read as 3,973.....
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teeth53
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13-Mar-2014 07:45
Yells: "don't learn through life, learn to grow with life " |
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More brokers quitting over trading curbs. Stockbrokers in Singapore Fell 8.4% to 4,973 at the end of last year from 4,336 in 2011. | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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13-Mar-2014 06:39
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Wall Street shrugs as global markets sink The world sneezed Wednesday, but Wall Street doesn't seem to be catching cold.The Dow Jones industrial average and the S& P 500 both ended little changed. The Nasdaq posted a modest gain. The recovery comes despite significant losses in Europe and Asia, where many indexes fell more than 1%. Stocks have drifted lower this week, with little economic or corporate news to set the tone. In the absence of any clear catalyst, investors are taking a more cautious approach. CNNMoney's Fear & Greed index has shifted from 'Extreme Greed' to a level indicating that plain, old 'Greed' is driving the market. Meanwhile, concerns about China's economy and a sharp drop in copper prices weighed on global markets, according to analysts at Deutsche Bank. China has been edging to the forefront of investors' minds since February data showed exports tumbled 18% compared to last year. That followed news that the country had experienced its first-ever corporate debt default. In recent weeks, the Chinese central bank has also loosened its grip on its currency, allowing the yuan to fluctuate more than usual, shaking confidence in what had been seen as a safe bet. Investors have also been keeping an eye on the crisis in Ukraine, where pro-Russian militants have been cementing control of Crimea. Ukraine's interim Prime Minister arrived in Washington to meet with President Barack Obama Wednesday, before traveling to New York Thursday to address the United Nations Security Council. |
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WanSiTong
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13-Mar-2014 06:35
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World MarketsNorth and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.36% and the S& P 500 rose 0.03%. The IPC lost 0.14%. North and South American Indexes
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guoyanyunyan
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13-Mar-2014 06:25
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Asia Market does not look good? What is the plan? |
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WanSiTong
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12-Mar-2014 13:54
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Weekly Support & Resistance Watch Written By Stock Fanatic on Wednesday, March 12, 2014WHAT?S HOT, WHAT?S NOT?  We highlight the support and resistance levels of 20 stocks with the largest traded value in this weekly special and further highlight two stocks that could be trading near their potential resistance levels and another two stocks that could be trading near their potential support levels in the following pages. All prices are in Singapore dollars unless otherwise specified. STOCKS THAT COULD BE TRADING NEAR THEIR POTENTIAL RESISTANCE LEVELS HanKore Environment Tech (BIOT SP, B22) ? Trending above its rising 20-day EMA ? Last Price: S$0.134
In our retail research report dated 21 Feb 14, we maintained BUY with a higher target price of S$0.145, derived by discounting the profits generated from its engineering, procurement and construction (EPC) and wastewater treatment businesses over the period of its concession (WACC: 8.3%). We increase our target price as we factored in higher-than-expected EPC contract wins and stronger gross margins. However, we cut our FY14 net profit forecast by 16% after taking into account the additional deal-related costs and sharebased payment. Centurion (CENT SP, OU8) ? Trending above its rising 50-day and 100-day EMA? Last Price: S$0.655
On 6 Mar 14, Lian Beng Group bought a 5.0265% stake (38m shares) in Centurion for S$21.7m, or 57 S cents each, in an off-market married deal. The deal will be funded by loans and internal resources. Lian Beng had bought the shares together with other private investors who took up 42m shares representing a stake of 5.6%. Earlier, Centurion reported revenue of S$66.4m and net profit of S$92.2m for FY13. However, excluding fair value gains from a joint venture's investment properties of S$77.2m as well as a one-off impairment charge of S$3.9m, net profit would only be S$18.8m. STOCKS THAT COULD BE TRADING NEAR THEIR POTENTIAL SUPPORT LEVELS CapitaLand (CAPL SP, C31) - Its middle Bollinger band could be acting as resistance? Last price: S$2.77
In our institutional research report dated 20 Feb 14, we maintained BUY and target price of S$3.83, pegged at a 25% discount to our RNAV of S$5.11/share. The stock is currently trading at a steep 43% discount to our RNAV and at an attractive 0.8x P/B. In China, CapitaLand targets a 30% growth in total sales in 2014 with residential sales to reach Rmb12b. DBS Group (DBS SP, D05) - Are the 50-day and 200-day EMA turning down to form a dead cross? Last price: S$16.05
Technically, DBS may test S$15.75 should it continue to trade lower. In our institutional research report dated 7 Feb 14, we maintained BUY and target price of S$21.90, based on 1.51x P/B, derived from the Gordon Growth Model (ROE: 11.0%, required return: 7.8% and constant growth: 1.5%). DBS derives growth in China from trade finance facilities, which help win new corporate customers. It then offers short-term working capital loans as the relationship progresses. Management has put in place controls to ensure that it funds genuine trade activities. The tightening of liquidity in China could result in greater demand for offshore financing in Singapore and Hong Kong. (Read Report) |
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WanSiTong
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12-Mar-2014 10:36
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Singapore Broker Exodus Seen Quickening on Curbs: Southeast Asia 2014-03-11 16:00:01.0 GMT By Jonathan Burgos March 12 (Bloomberg) -- Singapore?s shrinking brokerage industry is set to get even smaller as trading restrictions planned by regulators dent profits, according to a body that represents individual brokers. The average daily value of shares traded in the city, which slumped 40 percent in the first two months of 2014 from a year earlier, will decline further should rules be implemented that include requiring collateral for some trades and shortening the settlement period, said the Society of Remisiers, which represents dealers who work entirely on commission. Singapore Exchange Ltd. and the Monetary Authority of Singapore proposed the changes after a penny-stock rout in October erased $6.9 billion in market value of three companies over three days. ?More people will leave the industry as they?ll get less business,? Jimmy Ho, president of the Society of Remisiers, said by phone. ?Once they cut the settlement period, there will be less speculative trading and it will drag overall volumes.? The number of stockbrokers in Singapore fell 8.4 percent percent to 3,973 at the end of last year from 4,336 in 2011, according to data from the bourse, as the industry was buffeted by declining trading volumes and commissions as well as competition from online trading platforms. The city?s benchmark Straits Times Index trailed all its major developed-market peers in the past 12 months and slid 1.2 percent this year through yesterday. Even after Singapore Exchange teamed with Singapore Management University and CIMB Group Holdings Bhd. in April 2012 to provide training programs for the industry, traders? ranks continued to thin. This year, the bourse partnered with the National Trade Union Congress?s Employment & Employability Institute to bolster interest in the profession. Industry Adjustment ?Brokerages are able to cope with fewer dealers because trading volumes are lower,? Society of Remisiers? Ho said. ?That?s a natural adjustment for the industry.? It will be hard to draw young people, given the high risk and low commissions, said Yeo Aiqi, 28, who left Phillip Securities Pte, the city?s biggest brokerage by clients, in 2011 after working three years there. ?Stockbroking appears to be a sunset industry,? Yeo, who now sells women?s apparel at her online store, said by e-mail. ?Trading volumes are low and commission rates are falling.? The average value of shares traded on the Singapore bourse tumbled 40 percent to about S$1.06 billion ($836 million) in the first two months of 2014 from S$1.77 billion a year earlier, according to data compiled by Bloomberg. Transactions in Hong Kong fell 11 percent in the same period, while those on Japan?s Topix index increased 17 percent. Stock Rout Blumont Group Ltd., Asiasons Capital Ltd. and LionGold Corp. tumbled at least 87 percent over three days in October, prompting the city-state?s central bank and bourse to review its equity market structure. The companies said they didn?t know what precipitated the plunges, which spurred at least a dozen lawsuits from banks and brokers seeking to recover losses on collateral held against margin loans. SGX introduced circuit breakers last month to minimize volatility in share prices and is seeking feedback from the industry before it implements the collateral and settlement period changes. While the move is meant to revive investor confidence, it won?t improve the outlook for brokers, said Gabriel Yap, who left the industry in 2009 after 19 years as a trader. ?The casualties of the penny-stock saga are the stockbrokers,? Yap, who now manages his own investment advisory firm, said by phone. ?If the clients don?t pay, the dealers or the remisiers will have to cover.? Shrinking Commissions To make the profession more appealing, SGX needs to address dwindling volumes to counter the decline in brokerage commission rates, which have fallen to 0.1 percent of the value of shares traded from 1 percent 10 years ago, according to Yap. ?Brokers have nothing exciting to recommend to their clients these days,? Yap said. ?Trading was buoyant before I left the industry due to the influx of Chinese listings and now investors are avoiding such companies after a number of them got embroiled in accounting or stock manipulation scandals. SGX promoted the listing of real estate investment trusts in the past decade but interest in them is starting to wane.? At least 28 Chinese firms on the exchange have been suspended or delisted since 2008. There were 144 China-based firms listed in Singapore at the end of February, according to the exchange. The FTSE Straits Times China Index of 31 mainland stocks sank 7.3 percent in the past 12 months. REITs Sink Singapore REITs had the third-worst return in the Asia- Pacific region in the past 12 months as rising bond yields made the securities less attractive, according to data compiled by Bloomberg. The FTSE Straits Times REIT Index tumbled 13 percent in the period, compared with a 5 percent decline for the benchmark Straits Times Index. Stockbrokers are competing against online trading platforms for business. Retail investors in Singapore are increasingly using websites and apps to trade shares amid growing use of mobile gadgets, according to a report by researcher Investment Trends. About 51 percent of the 460,000 brokerage clients in the city traded shares online in the 12 months through September compared with 49 percent a year earlier, according to the report. On top of imposing minimum collateral requirements on investors and reducing the settlement period for stock transactions to two days from three by 2016, the city-state may also set up an independent listing committee and boost enforcement, SGX and MAS announced on Feb. 8. Orderly, Transparent The proposals will help in ?promoting orderly trading and responsible investing? and ?improving the transparency of market intervention measures,? the central bank and exchange said in a statement at the time. The Securities Association of Singapore can?t comment on how the proposed changes will affect brokerages pending consultation with its members, Melinda Sam, chief executive officer of the organization that represents trading firms, said by phone. The group will submit its position paper by the May 2 deadline, she said. Some stockbrokers have given up waiting for an industry revival. ?The risk to reward just doesn?t work out,? Chin Chung Hwa, who quit his job as senior vice president of corporate broking at CIMB Securities Singapore Pte. in December. ?I left the industry to join private banking because it?s more stable and clients must put money upfront.? |
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WanSiTong
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12-Mar-2014 10:16
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Asian Stocks Slide With Crude as China Concern Spurs Yen |
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WanSiTong
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12-Mar-2014 10:01
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WEEKLY SUPPORT AND RESISTANCE WATCH WHAT?S HOT, WHAT?S NOT? We highlight the support and resistance levels of 20 stocks with the largest traded value in this weekly special and further highlight two stocks that could be trading near their potential resistance levels and another two stocks that could be trading near their potential support levels in the following pages. All prices are in Singapore dollars unless otherwise specified. COMPANY TICKER LAST CLOSE 11 MAR 14 IMMEDIATE SUPPORT NEXT SUPPORT IMMEDIATE RESISTANCE NEXT RESISTANCE DBS Group DBS SP 16.05 15.75 15.00/13.80 16.40 17.80/19.50 Global Logistic Properties GLP SP 2.81 2.73 2.57 2.85/2.97 3.20 Noble Group NOBL SP 1.11 1.05/0.945 0.85 1.18 1.30/1.35 Singapore Telecommunications ST SP 3.60 3.50 3.28 3.70/3.85 4.10 Oversea-Chinese Banking Corp OCBC SP 9.45 9.35/9.00 8.60 9.80/10.20 11.20 Golden Agri-Resources GGR SP 0.605 0.57 0.53 0.65 0.73 Thai Beverage THBEV SP 0.605 0.57 0.53 0.62 0.69 Keppel Corp KEP SP 10.76 10.65/10.35 9.70 11.00/12.20 13.50 Wilmar International WIL SP 3.53 3.46/3.35 3.03 3.65 3.92 Capitaland CAPL SP 2.77 2.70/2.60 2.30 2.95 3.05/3.25 Jardine Matheson (US$) JM SP 60.00 56.5 50.0 61.5 69.0 Genting Singapore GENS SP 1.34 1.32 1.20 1.39/1.43 1.55 Hankore Environment Tech BIOT SP 0.134 0.12 0.108 0.15 0.19 Olam International OLAM SP 1.97 1.87 1.70 1.99/2.05 2.25 Sembcorp Marine SMM SP 4.00 3.90/3.70 3.35 4.08/4.20 4.45 Sembcorp Industries SCI SP 5.30 5.19/5.08 4.78 5.36 5.65 Capitamall Trust CT SP 1.895 1.85/1.80 1.70 1.96 2.05/2.20 Hongkong Land (US$) HKL SP 6.49 6.20 5.80/5.65 6.65 6.90 Suntec Reit SUN SP 1.68 1.63/1.56 1.50 1.73 1.90 Centurion Corp CENT SP 0.655 0.62/0.57 0.51 0.75 - Source: Bloomberg, UOB Kay Hian |
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guoyanyunyan
Supreme |
12-Mar-2014 06:55
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STI faces significant resistance at 3,140?3,142 which is the 200-day EMA and downward trendline since September 2013. ADX remains low at 17.0 (though it is slowing rising). Barring unforeseen circumstances, it is unlikely to exceed 3,188 in the next two weeks. link Chart 3: STI Continued Its Upward Move Despite Ukrainian Concerns  Source: CIMB itrade complimentary chart (7 March 14) |
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guoyanyunyan
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12-Mar-2014 06:44
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Malaysia Failing to Manage Plane Crisis Exposes Leadership Limit ...?They?re handling a huge global issue as if it was domestic politics,?... ...Najib?s administration is sending the message that people should let the ?government tell them what they need to know, when they need to know it, and not before,? Kessler said. ?That?s the way they?ve acted for generations and they are starting to find out it doesn?t work anymore.?... more |
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WanSiTong
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12-Mar-2014 06:42
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Stocks fall but sense of calm prevails On an otherwise quiet trading day in which investors continued to ignore geopolitical risk in Ukraine, a few companies experienced some big stock swings. The Dow, S& P 500 and Nasdaq all ended the day in the red. The tense situation in Ukraine caused some sharp moves in markets early last week, but market volatility, as measured by the VIX, (VIX) has declined sharply in recent days. " With the threat of violence [in Ukraine] out of the way for now, it could take a long time before [the Ukraine-Russia standoff] reaches a definitive conclusion," said Kathleen Brooks, a research director at FOREX.com. " The market tends to shrug off on-going geopolitical issues." In fact, CNNMoney's Fear and Greed Index, which tracks the VIX and six other indicators or market sentiment, has been showing signs of " Extreme Greed" for the past few days. Related: Fear & Greed Index There was little economic data on tap Tuesday, but several companies were making news. European markets edged higher Tuesday. The majority of Asian markets ended with small gains.  |
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WanSiTong
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12-Mar-2014 06:38
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World MarketsNorth and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.36% and the IPC rose 0.05%. The S& P 500 lost 0.51%. North and South American Indexes
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hlfoo2010
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11-Mar-2014 15:55
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消 息 稱 美 軍 駐 泰 基 地 曾 獲 失 聯 航 班 呼 叫 信 號 http://www.youtube.com/watch?v=pg5lrcQwnd0& list=UUbkqdUcnKILN7oLCKrfOzXQ Why so late |
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WanSiTong
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11-Mar-2014 10:22
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My Market View The views expressed here by the contributor does not belong to ShareJunction. Daily Market Opinion for 11-Mar-2014 Contributed by Jay Chia 11-Mar  Daily Market Opinion for 11-Mar-2014 STI decided to take the consolidative mode yesterday after breaking out from 3120 resistance level. The day started flat but selling pressure starts to set in after opening. HSI?s negative opening impacted the sentiment of STI which made it remain bearish for the rest of the day. Before closing, STI made a low of 3117 level before short covering starts to occur. The short covering helped STI to rebound and gain some lost grounds. This allows STI to close at 3126.63 level with only 9.63pts down for the day. Last night, DJI with 34.04 pts down. Can STI maintain at its breakout level today or will it consolidate further? STI managed to hold at 3120 support level yesterday by forming a black candle with lower shadows. This means that the bullish strength is still intact despite the bearish closing. Short-term indicators remain bullish but Stochastic is starting to show possible bearishness. As the indicators are still in overbought condition, there might still be selling pressure setting in. The key will still be 3120 level. If this support level breaks, STI will be heading towards its next support at 3100 level. The banks were one of the contributors in causing the decline of STI. Dbs was seen gapping down during the opening hours and broke its recent low at 16.15 level. Breaking of this recent low might trigger further selling as the downtrend momentum continues. If Dbs is unable to recover above 16.15 level today, it will be heading towards its next support level at 15.75. Ocbc failed to test its resistance at 9.55 level and started to retrace yesterday. It had tested its immediate support at 9.40 level and the support held well. Ocbc will likely to continue to test this support level today. Uob was seen holding firmly at 20.50 level yesterday. Its 20 & 50ma line is trading at that level which helped Uob to hold its support. Uob will likely to continue to establish it support at this level today. Overall, the banks might still be experiencing some selling pressure today. The properties started to retrace as it failed to rebound further. Citydev faced resistance at 9.50 level and started to retrace strongly. It will likely to continue to retrace further today till it test its strong support at 9.30 level. Capitaland failed to rebound further towards its resistance at 2.86 level yesterday. With its bearish candle, Capitaland will likely to continue to test its support level at 2.75 level today. Kepland faced resistance by its 20 & 50ma line at 3.21 level. Further retracement will likely to happen towards its support at 3.15 level today. Overall, the properties? bearishness will likely to continue today. The offshores were ended mixed yesterday as they managed to hold their levels well. Kepcorp attempted to test its resistance at 10.70 level again but faced 50 & 200 MA line at 10.67 level. Kepcorp will likely to continue its attempt to form uptrend today. Sembcorp held its support at 5.30 level but attempting an rebound. Rebound was successful but its upside was being capped by its cluster of MA lines at 5.36 level. It will likely to trade in this tight range today. Sembmar held its support at 4.00 level with a doji closing. This indicates that Sembmar will be continuing to consolidate at this support level today. Overall, the offshores will likely to hold their current levels again today. The commodities? were testing their resistance level yesterday while some faced selling pressure. Golden agri was unable to overcome 0.60 resistance level as profit takers enter the market. Retracement will likely to continue towards its support at 0.58 level. Indoagri also faced profit taking pressure which will likely to lead it to test its support. Its current support level at 0.90 will likely to be a firm support level for Indoagri to hold. Olam was seen testing its resistance at 1.90 level again and was unable to break it again. Long upper shadow was formed and this indicates that Olam will likely to start retracing. Its immediate support level is at 1.83 level and it will be the likely target that Olam will reach. Overall, the commodities might continue to face selling pressure today till they test their support levels. In conclusion, STI might have had tested its support at 3120 level and held well, but various sectors are showing high possibilities of further downside pressure. The commodities will likely be the lead in retracement, followed by the properties and banks. Offshores sector will likely to cushion the fall. 3120 support level will be tested again today while running the risk of breaking. If this support level fails to hold, STI will then be testing its next support at 3100 level. Therefore, this retracement might lead to some opportunities to take a long position. Long traders can adopt breakout strategy or buy at support today. Shortists should wait for safer shorting setups. |
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WanSiTong
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11-Mar-2014 09:36
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WHAT?S IN THE PACK China Minzhong-Key takeaways from management meeting (MINZ SP/BUY/S$0.925/Target: S$1.10) Maintain BUY but with a lower target price of S$1.10, pegged at its 3-year average PE of 4.6x to 2015F earnings (4.9x previously). Catalysts include supply contracts between MINZ and Indofood, higher dividend payout to match Indofood?s dividend payout of 40% and investment in industrialised farming in Indonesia for the longer term. SMRT Corporation Ltd- Valuations remain unattractive despite recent share price correction (MRT SP/HOLD/S$1.02/Target: S$1.10) Maintain HOLD, with lower DCF-derived target price of S$1.10 (WACC: 8.1%, TGR: 1.0%). SMRT remains unattractive with expected weak dividend yields (FY14F: 2.0%, FY15F: 2.3%) and expensive valuations (FY14F PE at 22.1x and FY15F PE at 19.2x). We prefer ComfortDelGro (BUY, TP: S$2.30) for its cheaper valuations with FY14F PE of 14.9x, overseas growth potential, and its ability to manage a challenging domestic transport environment. Mapletree Logistics Trust (MLT SP, M44U) - Technical BUY with +8.2% potential return The stock may continue to rebound after hitting a low of S$0.98... Bumitama Agri (BAL SP, P8Z) - Take profit from previous technical BUY Some profits could be taken off the table should the stock fail to close above... Yangzijiang Shipbuilding (YZJ SP, BS6) - Technical SELL with +9.2% potential return TP S$0.985 The stock may continue to retrace after it formed a small rounding top andF Ramba Energy (RMBA SP, R14) - Technical BUY with +14.2% potential return The stock may continue to trade higher as it appears to trade above its... |
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WanSiTong
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11-Mar-2014 08:58
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Asia Stocks Climb as Investors Weigh China Credit, BOJ |
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WanSiTong
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11-Mar-2014 07:58
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Markets hit pause as investors watch Asia With little U.S. economic or corporate news on the docket Monday, investors kept an eye on the rest of the world to get a sense of where the market is headed. The Dow trimmed a loss of over 100 points earlier in the day, but still ended slightly in the red. The S& P 500 and Nasdaq finished flat. The Dow and S& P 500 are near all-time highs as investors celebrated the five year anniversary of the current bull market. But the Nasdaq is not back to all-time highs yet. In fact, Monday is the 14-year anniversary of the tech-heavy index hitting its peak of above 5,130. Still, the Nasdaq is now only about 15.5% below its dot-com boom record, thanks to a nearly 40% jump last year and strong start to 2014. European markets closed mostly in the red. And Asian markets ended significantly lower after China trade data and revised Japanese GDP numbers came in weaker than expected. Boeing (BA, Fortune 500) shares fell after Malaysia Airlines Flight 370, a Boeing 777, disappeared Saturday in mysterious circumstances en route to Beijing. The company also announced late Friday that " hairline cracks" had been found on some of its Dreamliner 787 jets still in production. Related: Winners and losers of the bull market But one trader on StockTwits thought the stock's dip might be short-lived. " $BA I wonder if BA jumps right back up after all this bad news," said bluegill1972. " I'm thinking this might be a buy soon." Tension in Ukraine created volatility in global markets early last week. But investors have been breathing a sigh of relief the past few days as the crisis seems to be abating. " As long as there's no feeling that an escalation into a wider conflict is imminent, the markets may remain calm," said Wasif Latif of USAA Investments in a note to clients Monday morning. Related: Fear & Greed Index is in extreme greed |
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WanSiTong
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11-Mar-2014 07:55
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World MarketsNorth and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 1.54% while Mexico's IPC is off 0.62% and U.S.'s S& P 500 is lower by 0.05%. North and South American Indexes
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