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STI 3,000 boosted by pivot investors mkt players
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GorgeousOng
Supreme |
24-Jan-2015 18:34
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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The Thai economy is extremely weak at present and will slowly pick up over the next 3-6 months, driven by public spending and investment, according to a poll on local economists. 
Consumers' spending will likely remain weak in the foreseeable future, according to the poll. (Photo by Patipat Janthong) Their confidence in the outlook, however, was lower than in the previous survey, indicating the recovery would not last long, possibly over the next 5-6 quarters, according to Bangkok Poll. They also feel the economy is now in the recovery stage. Local economists' confidence in the economy over the next 3-6 months continued to drop albeit at a slower pace than in the previous poll. The Bangkok Poll economists' confidence index was at 24.51 out of of the 100 complete-confidence level, according to data collected from 72 economists at 30 leading organisations during Jan 12-20. It slipped slightly from 25.67 in the previous survey. " The fact that the index was well below 50 reflected the extremely weak condition. Each sub-index was below 50, especially exports, in which confidence was at a mere 7.75 and private consumption (18.31)," said Bangkok University Research Center, which jointly conducted the survey with the Faculty of Economics. International tourism and public spending and investment were the only factors that performed better than the others, at 40.85 and 38.03 respectively. The forward economic confidence index over the next three months also slid to 70.35 from 76.11 in the previous survey, the centre said in a statement released on Saturday. The index for the next six months fared slightly better, down to 80.99 from 86.72 in the previous poll. " This shows economists are confidence the economy will recover the longer term. But the optimism is short-lived, perhaps over the next 5-6 quarters." The majority of the subjects thought the Thai economy was in the recovery mode (43.1%), followed by a recession (33.3%) and a trough (11.1%). A mere 1.4% felt the economy was at its peak. |
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Octavia
Supreme |
23-Jan-2015 13:36
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Hedge Fund Manager Loses 99.8% In 9 Months, Tells Investors He Is " Sorry" For " Overzealousness"Day after day, mainstream media proclaimed December the month to be in stocks: seasonals, Santa Claus rally, and performance-chasing funds would ' guarantee' upside. For Owen Li, former Raj Rajaratnam' s Galleon Group trader, and the clients of his Canarsie Capital hedge fund, December 2014 will never be forgotten. According to CNBC, from around $100 million in AUM in March 2014, Li told investors in a letter, the fund had lost all but $200,000 and he was " truly sorry," for " acting overzealously" in the last 3 weeks.
https://www.youtube.com/watch?v=-DT7bX-B1Mg
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WanSiTong
Supreme |
23-Jan-2015 13:18
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Noon Market Singapore stocks rally, STI highest in more than 1 1/2 yearsJanuary 23, 2015 : 1:04 PM SINGAPORE (Jan 23): Singapore shares rallied, tracking the overnight performance of Europe as well as the US after the European Central Bank expanded its asset-buying programme. Oil jumped after Saudi Arabia&rsquo s King Abdullah died.
At 12:55 p.m., the benchmark STI was up 38.37 points or 1.14% to 3,408.66, hitting its highest in more than 1 1/2 years In the broader market, more than 1 billion shares valued at $750 million changed hands. Gainers outnumbered losers 269 to 127. Among the heavyweights, banks DBS and UOB gained 26 cents and 20 cents respectively to $20.26 and $23.70. Supply chain manager Noble added 1.5 cents to $1.07 while telco SingTel added 3 cents to $3.99 and developer Capitaland added 5 cents to $3.47. Top decliners included Keppel Infrastructure Trust, Mapletree Logistics Trust and Keppel REIT all of which retreated to $1.065, $1.23 and $1.235 respectively after going XD. |
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teeth53
Supreme |
23-Jan-2015 11:04
Yells: "don't learn through life, learn to grow with life " |
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US oil futures surge after Saudi King's death
SINGAPORE (AFP) - US oil futures surged Friday (Jan 23) following the death of Saudi Arabia's King Abdullah. US benchmark West Texas Intermediate (WTI) for March delivery soared as much as 3.1% in New York after the Saudi royal court announced the death. In early morning Asian trade, WTI was up US$1.03, or 2.22% at US$47.34 a barrel. Brent crude for March was unchanged at $49.00 a barrel. http://www.straitstimes.com/news/business/markets/story/us-oil-futures-surge-after-saudi-kings-death-20150123#sthash.e9ucc4NT.dpuf teeth53 thot - Ur huat kuei very green for today. Power struggle for Saudi King's oil money?.
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GorgeousOng
Supreme |
23-Jan-2015 10:41
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Hedge fund manager Owen Li sent a letter to his investors apologizing for losing all but $200,000 of the fund' s capital by acting " overzealously," CNBC' s Lawrence Delevingne reports. Li, who previously worked at convicted insider trader Raj Rajaratnam' s now-closed Galleon Group, is the founder of New York-based Canarsie Capital. According to CNBC, Canarsie once managed around $100 million in assets. In the letter, Li told investors that he was " truly sorry." " My only hope is that you understand that I acted in an attempt &mdash however misguided &mdash to generate higher returns for the fund and its investors," Li wrote in the letter. " But even so, I acted overzealously, causing you devastating losses for which there is no excuse." |
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RoundRound
Elite |
23-Jan-2015 10:00
Yells: "Tikam Tikam can also" |
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The overall start of trading session today is healthy. No sudden surge for most shares as it usually lead to sell down in the afternoon.
Slow and steady win the race. |
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GorgeousOng
Supreme |
23-Jan-2015 09:19
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Sweeties.... Expect the unexpected....... |
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GorgeousOng
Supreme |
23-Jan-2015 08:38
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Billions in Lost 401(k) Savings, Abusive Brokers Under White House ScrutinyBy Dave Michaels and Margaret Collins - 23 Jan 2015 7:55:44 am  Jason Furman, chairman of the White House Council of Economic Advisers. Photographer: Peter Foley/BloombergOne of President Barack Obama&rsquo s top economic advisers said abusive trading practices are costing workers billions of dollars in retirement savings each year and called for stricter rules on Wall Street brokers. Jason Furman, chairman of Obama&rsquo s Council of Economic Advisers, drafted a Jan. 13 memo citing research that says some broker practices, such as boosting commissions with excessive trading, cost investors $8 billion to $17 billion a year. The document was circulated to senior aides and indicates the White House may support tighter oversight of brokers who handle retirement accounts. .................. |
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RoundRound
Elite |
23-Jan-2015 07:14
Yells: "Tikam Tikam can also" |
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Let's see how the Asia-Pacific stock market bloom today with ECB pumping in a giant Euro 1.1 trillion into their economies | ||
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WanSiTong
Supreme |
23-Jan-2015 07:07
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US: Stocks soar 1.5% after ECB embarks on bond purchases 23 Jan 6:24 AM [NEW YORK] US stocks soared after the European Central Bank announced a huge bond-buying stimulus program Thursday, with banks and big tech stocks leading the way helped by a sharply higher dollar. Rumors that Google is interested in buying Twitter - which could portend one of the largest-ever mergers in tech stocks - also fed the buying frenzy. The Dow Jones Industrial Average was up 259.70 points (1.48 per cent) at 17,813.98. The S& P 500 surged 31.03 (1.53 per cent) to 2,063.15, while the tech-heavy Nasdaq Composite jumped 82.98 (1.78 per cent) to 4,750.40. It was the fourth straight day of gains for Wall Street, a streak that erased losses that had mounted from the beginning of the new year. The spark for Thursday' s buying was ECB chief Mario Draghi' s announcement of a 60 billion euro-a-month (US$69 billion) bond-buying programme through at least September 2016 aimed at sparking more investment and growth in the eurozone. The announcement sent the euro down more than two per cent against the dollar while boosting stocks across Europe. The market appreciates the fact that the ECB has announced a programme that is better than expected, said Peter Cardillo of Rockwell Global Capital. " We had expected something around 50 billion euros a month." " The ECB' s actions will increase liquidity in the economy by giving bond holders liquid cash in place of less liquid bonds," said Carl Weinberg, chief economist at High Frequency Economics. " What happens to this liquidity will determine the outcome of this exercise. It could go into stocks or bonds, or housing... or be spent on Blu-rays and cars." US blue chips were clearly beneficiaries. Bank stocks soared: Citigroup (+3.8 per cent) Morgan Stanley (2.3 per cent), Bank of America (4.4 per cent), JPMorgan Chase (+3.0 per cent) and Goldman Sachs (2.8 per cent). American Express though was a standout loser, dropping 3.8 per cent despite a solid fourth quarter, with investors apparently spooked by a rise in expenses and provisions. The bank and credit card issuer said it would lay off 4,000 workers to cut costs. In top tech stocks, Apple added 2.6 per cent, eBay soared 7.1 per cent helped by strong earnings, Amazon picked up 4.4 per cent and Microsoft 2.6 per cent. Google made no comments on rumors it wants to buy Twitter, but the news sent Google up 3.2 per cent and Twitter 3.3 per cent. Several airlines picked up on good quarterly reports and improved forecasts for 2015: United Continental (+4.5 per cent), Southwest (+8.4 per cent) and Alaska (4.6 per cent). Overall the sector gained 6.3 per cent. Bond prices fell. The yield on the 10-year US Treasury rose to 1.90 per cent from 1.85 per cent Wednesday, while the 30-year jumped to 2.47 per cent from 2.44 per cent. |
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WanSiTong
Supreme |
23-Jan-2015 07:04
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STI up for 4th consecutive sessionAhead of ECB meeting, index rises 15.83pts - totalling 70pts since Monday turnover higher than last week' s daily average23 Jan 5:50 AM AFTER dropping 38 points on Friday last week, the Straits Times Index has now risen for four consecutive sessions, the latest being 15.83 points on Thursday to 3,370.29 as investors anticipated the announcement of a large-scale quantitative easing (QE) programme by the European Central Bank (ECB) |
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teeth53
Supreme |
22-Jan-2015 23:48
Yells: "don't learn through life, learn to grow with life " |
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http://sgtalk.org/mybb/Thread-Which-morons-bark-to-buy-property-since-2012-ki-banana-banana-shrink-or-bo-liao?page=205 Done afew exchanged post, If it interest U, pls click above. Agree to disagree. Thk n hav a nice day. :) Cheer 
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teeth53
Supreme |
22-Jan-2015 23:40
Yells: "don't learn through life, learn to grow with life " |
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http://subscribe.outsiderclub.com/63753?gclid=CLLa56vtp8MCFVaUvQod7DQAvw Oil is prices itself and finding it own prices, including in it, their very own agenda and monetary policy or policies benefiting to their own kind. teeth53 thot After election in May 2011. A roundtable discussion and following up, has had conducted sometime around March 2012 and into 2013, (feedback) to sustained the political momentum with an honest discussion about sustaining year on planning future Singapore Budget. We seen and witnessed inclusive growth in Singapore budget from an early stage, before world economic took a different turn, like what has happened to oil processing, monetary trading prices having caused havoc to oil producing countries, forcing many oil nations, as well as to developing and developed nations on the verge of bankruptcy. - Our economy policy, especially on housing and property has tone down, our borrowing is on big ticket items is limited to 60%. We have in one way and or another way stay ahead of the curve and not like any others nations. Others is into difficult mending their economy, like Euro zone n Japan and or getting into more DEBTs to services ratio. We have got leader or leaders whom we can trust to lead us. We are lucky to be bless some what. cheer  We are ahead of the curve...Cheer
And...We will be out of the curve first...Have a nice day. As always. We has had often and always make difficult and wise decision, if it befall on our nation. |
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teeth53
Supreme |
22-Jan-2015 22:34
Yells: "don't learn through life, learn to grow with life " |
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PASSING THE BUCK -- Former Bundesbank chief Axel Weber, speaking at World Economic Forum in the Swiss ski resort of Davos, argued that European govts had squandered 3-years of opportunity to carry out badly needed economic reforms. " ECB can only be part of a fix in EU. In his view thry shouldn' t go too far. The more they do, it incentive for govts to do less, and the problem is oneself continue to buy time and time is not used for reforms, so have to ask yourself if more of the same is the best recipe," he said. Another German, ECB' s former chief economist, Juergen Stark - who, like Mr Weber stepped down in 2011 because he disagreed with the turn the central bank' s policy decisions had taken - said fears about deflation were " completely exaggerated" and were being invoked merely to push through QE. German Chancellor Angela Merkel said that while ECB had to be independent in its monetary policy decisions, she was concerned that wrong signals could be sent regarding the necessity of economic reforms. In order to placate such concerns, ECB chief Draghi could present a watered down form of QE, observers suggest. Media reports have said a revised scheme had been devised under which the national central banks will only be allowed to buy the sovereign debt of their respective countries and Germany, Europe' s paymaster, will not be on the hook to bail out another country. |
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teeth53
Supreme |
22-Jan-2015 22:22
Yells: "don't learn through life, learn to grow with life " |
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http://www.channelnewsasia.com/news/business/international/all-eyes-on-ecb-for/1607404.html ECB is expected to take bold action to stimulate price rises in the 19-nation currency zone. QE is seen as ultimate weapon in ECB' s arsenal. The German central bank or Bundesbank believes QE takes the ECB outside its remit and is effectively a licence to print money to get govts out of debt. Economists are also divided as to whether quantitative easing (QE) can really work in a single currency bloc made up of 19 economies in very different states of health. |
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teeth53
Supreme |
22-Jan-2015 22:15
Yells: "don't learn through life, learn to grow with life " |
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After election in May 2011. A roundtable discussion and following up, conducted on March 2012 (feedback) to sustained the political momentum with an honest discussion about sustaining year&rsquo s on future Singapore Budget. We seen and witnessed inclusive growth in Singapore budget from an early stage, before an economic took a different turn, like what has happened to oil processing, monetary trading prices causing havoc to oil prodicing countries, forcing many nations as well as to developing and developed nations on the verge of bankruptcy. teeth53 thot - Our economy policy, especially on housing and property has tone down, our borrowing is on big ticket items is limited to 60%. We have in one way and or another way stay ahead of the curve and not currently like others nations. Others, is into difficult mending their economy, like Euro zone n Japan n or getting into more DEBTs to services ratio.
We have got leader or leaders whom we can trust to lead us. We are lucky to be bless |
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teeth53
Supreme |
22-Jan-2015 21:38
Yells: "don't learn through life, learn to grow with life " |
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Former BIS chief economist: world is dangerously unanchored January 21st, 2015 &ldquo We are in a world that is dangerously unanchored,&rdquo said William White, Swiss-based chairman of OECD&rsquo s Review Committee. &ldquo We&rsquo re seeing true currency wars and everybody is doing it, and I have no idea where this is going to end.&rdquo &ldquo There is significant risk that this is going to end badly because Bank of Japan is funding 40% of all govt spending. This could end in high inflation, perhaps even hyperinflation. Suspense builds as ECB prepares to unveil QE &ldquo The emerging markets got on the bandwagon by resisting upward pressure on their currencies and building up enormous foreign exchange reserves. The wrinkle this time is that corporations in these countries &ndash especially in Asia and Latin America &ndash have borrowed $6 trillion in US dollars, often through offshore centres. That is going to create a huge currency mismatch problem as US rates rise and the dollar goes back up.&rdquo |
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GorgeousOng
Supreme |
22-Jan-2015 16:55
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Revenge of Frustrated Europe Risks Sparking New Crisis in GreeceBy Maria Petrakis, Donal Griffin, Ben Sills and Thomas Penny - 22 Jan 2015 4:36:54 pm  Syriza Party leader Alexis Tsipras said the election will pave the way for policy changes across Europe and be followed by victories for Podemos in Spain and then Sinn Fein in Ireland. Photographer: Kostas Tsironis/BloombergThey speak different languages, they come from different backgrounds, yet all have the same message of frustration that&rsquo s threatening to redraw the European political map over the next year. Starting with elections this Sunday in Greece and heading west to Ireland via Britain and Spain, polls show Europeans will vent their anger over issues from widening income disparities and record unemployment to unprecedented immigration. |
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teeth53
Supreme |
22-Jan-2015 16:33
Yells: "don't learn through life, learn to grow with life " |
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Singapore Exchange (SGX) will reduce the standard board lot size of securities listed on SGX from 1,000 to 100 units from 19 January 2015.
A smaller board lot size will make it more affordable for retail investors to invest in a wider range of equities, including blue chips, and enable them to build more balanced and diversified portfolios. The reduction will apply to ordinary shares, including shares traded on GlobalQuote, real estate investment trusts, business trusts, company warrants, structured warrants and extended settlement contracts. Existing counters[1] with board lot sizes of 100 or less units will remain unchanged. Magnus Bocker, CEO of SGX |
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GorgeousOng
Supreme |
22-Jan-2015 11:22
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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More Job Cuts at Banks Seen in 2015 in Poll of InvestorsBy Yalman Onaran - 22 Jan 2015 11:05:21 am  Citigroup Inc. has cut more jobs than any other bank, reducing head count by 133,000 in the past seven years. Photographer: Scott Eells/BloombergThe bloodletting at banks that started during the 2008 financial crisis isn&rsquo t letting up. That&rsquo s the view of 83 percent of respondents to a quarterly Bloomberg Global Poll who said the banking industry will continue cutting jobs this year. The reductions will affect firms around the world, 61 percent said, while 21 percent said most cuts will be in Europe and 1 percent said they&rsquo d be concentrated in the U.S. Only 8 percent expected banks to add jobs this year. In a separate question, 78 percent of respondents said they didn&rsquo t expect the largest banks to break up as a result of tougher regulations penalizing them for size and complexity. &ldquo Sharp market moves, slow economic recovery, the regulatory burden -- all these are restricting banks&rsquo operations,&rdquo said Daniel Baker, a London-based analyst at Informa Global Markets and a poll respondent. &ldquo We&rsquo ll see more job cuts in the sector until things stabilize.&rdquo Financial firms are struggling to regain their footing years after a U.S. housing-market collapse was followed by a European sovereign-debt crisis. Four of the biggest U.S. and U.K. banks have reduced total employment by almost 350,000 since the beginning of 2008, according to data compiled by Bloomberg. A weak global recovery and regulations designed to prevent another crisis have dented profitability at the largest firms. Asian CutsBanks have eliminated equities jobs in Asia. Brokerage CLSA Ltd. has cut about 25 staff, mostly in the region, a person with knowledge of the matter said. European banks already have announced job cuts this year. London-based Standard Chartered Plc (STAN ▲ 2.10% 933.70)said it would eliminate 4,000 consumer-banking positions. Deutsche Bank AG (DBK ▲ 1.03% 25.69), based in Frankfurt, is weighing staff reductions and asset sales as part of a strategic review, according to a person with knowledge of the matter. Citigroup Inc. (C ▲ 1.02% 47.74) has cut more jobs than any other bank, reducing head count by 133,000 in the past seven years. Most European lenders started cutting after 2010, when the euro area&rsquo s existence came into question as failing lenders and governments rescuing them got caught in a dangerous spiral. The poll of 481 investors, analysts and traders who are Bloomberg customers was conducted Jan. 14-15 by Selzer & Co., a Des Moines, Iowa-based firm. It has a margin of error of plus or minus 4.5 percentage points. Breaking Up
In response to the question about whether banks will break up, only 13 percent expected at least one big firm to do so this year. The respondents predicting that banks will remain intact include 58 percent who said lenders will refine their business models and 20 percent who said changes won&rsquo t meaningfully alter those models. Nine percent said they weren&rsquo t sure. Big banks may resist pressure to split as they seek to preserve advantages conferred by size. &ldquo The very cheap financing is due to the government guarantee that makes large banks viable, and that hasn&rsquo t changed despite all the new rules,&rdquo said Gyula Lencses, a poll respondent who helps manage $750 million at the Hungarian unit of Raiffeisen Bank International AG. &ldquo To properly manage a breakup is also very hard, so nobody wants to take that risk.&rdquo JPMorgan ModelThe issue came to the forefront this month after a Goldman Sachs Group Inc. report suggested that JPMorgan Chase & Co. (JPM ▲ 0.32% 55.89) would be worth more if broken up. Regulations punishing size, such as the U.S. Federal Reserve&rsquo s proposal to levy a capital surcharge on the top eight U.S. banks, make the economics less and less desirable, Goldman Sachs analysts wrote on Jan. 5. JPMorgan Chief Executive Officer Jamie Dimon, 58, defended the existing model and size during the bank&rsquo s quarterly earnings conference call a week later. Protesters have staged rallies in front of Citigroup offices, demanding the bank&rsquo s dismantling. The tougher rules might force big banks to break up by increasing market pressure, according to Sheila Bair, a former chairman of the Federal Deposit Insurance Corp. &ldquo The more expensive it is to be big, the more market pressure there is going to be to get smaller,&rdquo Bair said in a television interview this week. |
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