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STI to cross 3000 boosted by long-term investors
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erhaier
Senior |
12-Jan-2016 21:29
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x 0 Alert Admin |
all these highly paid advisors just read & copy & paste each other calls. RBS cries ' sell everything' as deflationary crisis nears http://www.telegraph.co.uk/finance/economics/12093807/RBS-cries-sell-everything-as-deflationary-crisis-nears.html who here has access to private banking advisors? what are they are suggesting? care to share? |
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WanSiTong
Supreme |
12-Jan-2016 20:46
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LATEST NEWS, CORPORATE Investors are opting to stay in invested in Singapore despite lower confidence in the market January 12, 2016: 7:38 PM Despite being less optimistic on the outlook for the Singapore and global economic environment in the next six months, most investors are still planning to maintain their holdings in the local stock market, a JP Morgan Asset Management survey on investor confidence revealed. Released Jan 12, the survey showed that investors' confidence in the Singapore market and economy for the first half of the year had dropped to its lowest level in since June 2012, with many citing weak global demand and slower than expected GDP growth in Singapore as the main reasons for the poor sentiment. Yet, at least 85% of those surveyed plan to stay invested in the Singapore stock market, with almost half citing capital preservation as their main objective for maintaining their positions. But will things improve in the months ahead? More volatility To be sure, the Singapore Straits Times Index is down by around 5% in the two weeks since the start of the year, to a low of 2,692 points Jan 12. And, things will likely remain challenging for the first six months for the year . " Singapore is a very open economy and global trade has not yet shown signs of stabilising," says Tai Hui, chief strategist at JP Morgan Asset Management. On the domestic front, the correction in the property market will likely continue in 1H2016, while growth in bank net interest margins will likely be slow on the back of slower lending momentum. " So, investors need to be mentally prepared for more volatility in the Singapore equity market in 2016, " says Tai. Still, Tai reckons investors are doing the right thing by staying invested in the Singapore stock market." In the past week, even though the China stock market crashed twice, from a fundamental perspective things are not that bad. Sure, manufacturing numbers are down, but that is not unexpected, " he says. " There is a lot of sentiment driving the market which we would not take as a signal of what is actually happening in the Chinese economy." Go for high yield The way Tai sees it, investors have no way of predicting how the market will turn in the short term. " So the risk is that by shying away or exiting the market now, things may then pick up and investors might miss good capital appreciation opportunities , " he says. But while trying to time the market is futile given the volatility, staying invested or rechannelling funds into high yield stocks in the current environment might be a good idea. " We can not predict where stock prices will go given the volatility. But what we have more confidence in is how much cash flows we will get from dividends, which do not swing much in the short term, " Tai says. While growth stocks are not expected to offer much returns this year, Singapore has a lot of good high yield stocks that will help support returns until things in China and the commodity markets improve. " Now is not the time to abandon high yield equities," Tai adds. |
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WanSiTong
Supreme |
12-Jan-2016 20:45
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Highlight Global growth intact despite China, oil price crash, says UBS' s Donovan January 12, 2016: 3:45 PM Despite the crash of China' s stock market and sliding price of crude oil, global growth could turn out to be more robust than expected this year given improvements in the US and Europe, UBS economist Paul Donovan told reporters at a Jan 11 conference. After accounting for the recovering economies of the US and Europe against slower growth in China and the rest of Asia, global growth will likely come between 3.25% and 3.5%, Donovan said. Already, consumers are spending more in the US, where employment and wages have already begun to rise in support of higher economic activity. Meanwhile, in Europe, banks are raising the number of loans extended to the private sector on the back of favourable monetary policies, while the public sector is expected to thrive on the back of higher fiscal spending. Higher demand from the West is also supportive of intra-Asian trade and exports, which has been shrinking because China is now outsourcing less to the rest of the region and making more goods domestically. In addition, the availability of credit in Asia has also fallen as banks, wary of ballooning debt levels in the region, scale back on lending. " The rapid rise in consumer debt in China, South Korea, Malaysia and Thailand has led to a level of private sector debt that can not rise further any longer and bank policies will be tailored against further credit growth, " said Donovan. " In view of slower growth in China, the moderation of growth in the rest of Asia will continue into 2016," Donovan said. He added, however, that the recovery in the US and Europe will more than offset that slowdown, resulting in positive global economic growth this year. Policy moves In that light, the US Federal Reserve is expected to carry out its four rounds of rate hikes this year, but at a gentle pace of 0.25% each time to account for Asia' s softer growth. That' s a total of 1% in 2016, compared to the Fed' s projected inflation level of 1.5% -2% by year end. " By raising rates by 1% this year, the Fed is also operating at just half its normal pace, which involves eight rounds of rate hikes," Donovan said. " The Fed is still keeping to a slower policy tightening stance as global growth remains uncertain. " The Europe Central Bank, too, is keeping its policy rates and the size of its bond-buying program unchanged this year despite higher inflation, targeted to hit 1.5% by year end. Against that backdrop, UBS has a forecast for the euro to strengthen to 1.15 per US dollar by year end compared to 1.09 currently, as it sees limited upside to the US dollar this year. It also sees no more than a further 5% depreciation in the renminbi against the greenback over the same period, from 6.57 renminbi per US dollar currently. |
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destinykraze
Elite |
12-Jan-2016 19:26
Yells: "Reality is only a matter of perception" |
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x 0 Alert Admin |
my theory is the opposite 1. with the " smart" government encouraging ppl to mortgage their house take loans to invest in shares. before chinese new year, occasion for celebration, wedding or whatever that adds to the needs of liquid cash. Taking the bad market sentiments into consideration, super likely for the market to crash or at least there would be a death spiral effect to lingering for some time. chinese market too inflated, this is the overdue correction. But fear might cause it to plunge more than expected.
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Siwomp
Supreme |
12-Jan-2016 19:18
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Here is a trading theme, my hypothesis only ah. ........The recent massive correction in the chinese mkts have wipe out many retailers saving. this coupled with the chinese new year just under 3 weeks away is creating a under current of unrest in the chinese populous. the chinese govt knows this and to defuse the high potential of significantly increase in crime rate and disturbance, they will be mount a coordinated effort to prop up the mkts. so dyodd and hoot the heavily beaten down counters。 。 。 。 Huat Ah! | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
12-Jan-2016 16:53
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Asian Shares Slip, Though China Ekes Out Gain - 3rd Update Posted on 12 January 2016 16:35 China shares eked out a gain Tuesday, though trading there and across the region remained choppy, amid fresh concerns about capital outflows. The Shanghai Composite Index, which swung between gains and losses, closed 0.2% higher at 3013.88. The onshore Chinese yuan stabilized for the third-straight day, while the offshore currency reached its strongest level this year against the US dollar. Elsewhere in the region, Australia' s S & P / ASX 200 fell 0.1%, South Korea' s Kospi slipped 0.2% and Hong Kong' s Hang Seng Index fell 0.9%. In Japan, where markets reopened after a national holiday, the Nikkei Stock Average tracked Monday' s regional losses, falling 2.7% as the yen strengthened. Investors remain cautious about authorities' next moves. Many are trying to gauge which direction the central bank will guide the yuan, and whether officials will put new caps on the flood of money leaving China' s borders as its economy slows, said analysts. " People have no idea what the authorities are going to do with forex policy really," said Hao Hong, managing director at Bank of Communications Co. in Hong Kong. Traders say the offshore yuan has been strengthening as state-owned Chinese banks buy the currency, a sign China' s central bank is intervening to narrow the gap between onshore and offshore rates. That has limited the supply of the offshore yuan, tightening liquidity and sending the rate at which Hong Kong banks lend yuan to each other overnight to a record high of 66.8% on Tuesday. The rate jumped to 13.4% on Monday from 4% Friday. The offshore yuan on Tuesday reached its strongest level this year against the US dollar, at 6.5650. It last traded at 6.5863 to one US dollar. Late Monday, the currency strengthened by as much as 1.5% to 6.5827 compared with the previous close, helping to narrow the gap between the onshore and offshore yuan to its tightest in two months. China' s onshore yuan last traded at 6.5753 per dollar, weaker than 6.5695 at Monday' s close. Still it has stabilized in recent sessions after reaching a five-year low last week along with its offshore counterpart. The strengthening of the offshore yuan " basically shows things are more under control by the central government," helping shares stabilize, said Louis Lu, fund manager at CSOP Asset Management. The apparent absence of government buying spooked investors Monday. Last week, faster-than-expected depreciation of the yuan, by 1.5%, sparked losses in China that spread to other markets. Stocks in Shanghai fell 5.3% on Monday amid fears that Chinese authorities are unable to stem recent turmoil in its financial markets . They have lost 15% year to date. China' s foreign reserves fell by 13% in 2015 to $ 3.33 trillion, the lowest level in three years, as the People' s Bank of China spent dollars in a bid to mitigate declines in the yuan. Analysts consider the steep decline in reserves an indication of increasing capital outflows from China. China shares are just 3% above their summer low on Aug. 26, when a three-month rout had wiped trillions of US dollars from the market and sparked a global selloff. The Shanghai Composite is currently off 42% from its June peak. Overnight, the Dow Jones Industrial Average posted a modest gain, rising 0.3%, but stocks veered between gains and losses throughout the session. Oil prices in the US dropped below $ 32 a barrel for the first time since 2003, pummeled by a stronger dollar and worries over Chinese demand. Brent crude oil, the international benchmark, fell 2.5% to $ 31.07 a barrel in Asia. Energy shares on Australia' s S & P / ASX 200 fell 3.5%, with shares of Liquefied Natural Gas Ltd. plunging 7.5%. The sector lost 1.8% on the Hang Seng. Gold prices were off 0.1% at $ 1,094.90 a troy ounce. They have gained more than 3% year to date as investors seek haven assets amid the China volatility. In currencies, the Japanese yen rose 0.4% to Yen117.37 to the dollar, from its level late Monday. That pushed the Nikkei lower, as a stronger yen hurts Japanese exporters. |
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WanSiTong
Supreme |
12-Jan-2016 16:43
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Dow future down 29 European Indexes
 Asian Indexes
In Japan, where markets were closed for national holiday Monday, the Nikkei Stock Average tracked Monday' s regional losses, falling 2.71% .
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erhaier
Senior |
12-Jan-2016 14:55
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x 0
x 0 Alert Admin |
just took pm dosage of po chai pills. |
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WanSiTong
Supreme |
12-Jan-2016 13:18
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Noon Market STI dips 0.13% to 2,705.24 at midday January 12, 2016: 1:01 PM Singapore equities inched down at noon on Tuesday, amidst mixed trading in Asian markets and an extended slump in crude oil prices. The Nikkei 225 Index slipped around 2%, while the KOSPI and Hang Seng Indices added about 0.1% and 0.3% respectively. Meanwhile, the Shanghai and Shenzhen Composite Indices posted respective gains of about 0.4% and 0.3%. By 12.08 pm, the Straits Times Index shed 0.13% to 2,705.24. Market breadth was negative. Excluding warrants, decliners outnumber gainers 178 to 133. The Straits Times Index (STI) traded between 2,700.23 and 2,721.47, after opening 0.03% higher at 2,709.57. A total of 1.05 billion shares worth $ 469.5 million changed hands, giving an average price of about 45 cents per share for the entire market. LionGold Corp (Valuation: 0.90, Fundamental: 0.40), Golden Agri-Resources (Valuation: 1.40, Fundamental: 0.55), Luzhou Bio-chem Technology (Valuation: 0.90, Fundamental: 0.35), Ezra Holdings (Valuation: 1.10, Fundamental: 0.45), and China Sports International (Valuation: 0.90, Fundamental: 1.65) were among the most actively traded counters. Among STI components, Golden Agri-Resources climbed 4.2% to 37 cents, while Genting Singapore (Valuation: 1.40, Fundamental: 0.90) gained 1.4% to 72 cents Meanwhile, Keppel Corp. (Valuation: 2.40, Fundamental: 1.30) plunged 3.6% to $ 5.34, while Sembcorp Marine (Valuation: 1.80, Fundamental: 1.10) slipped 1.9% to $ 1.545. LionGold Corp traded flat at 0.5 cents. The company on Monday announced that it will issue about 138.3 million conversion shares after the subscriber exercised its right to convert 13 of 2.5% redeemable convertible bonds due 2018. Cheung Woh Technologies (Valuation: 3.00, Fundamental: 2.30). Plummeted 13% to 20 cents The hard disk drive components manufacturer' s 3Q earnings slid to $ 1.6 million from $ 3.9 million a year earlier This came on the back of higher materials and overhead costs incurred. in China, as well as the appreciation of renminbi against the Singapore dollar. Luzhou Bio-chem Technology jumped 13.6% to 5 cents. The producer of corn starch and by-products was last Tuesday queried by the Singapore Exchange over unusual trading activity in its shares. Luzhou has responded that it is not aware of any information not previously announced which might explain the trading. Ezra Holdings tumbled 7.1% to 7.9 cents. The offshore contractor last Friday issued a profit guidance with respect to the financial results for 1QFY2016 ended Nov. Ezra says the quarter is expected to show a net loss, mainly attributable to the continuing depressed state of the oil and gas industry which has impacted activities in the global offshore marine and subsea industry. There were no companies went ex-dividend / distribution on Tuesday. |
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WanSiTong
Supreme |
12-Jan-2016 12:43
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Asian Shares Regain Footing 2 January 2016 12:09 Most shares in Asia recovered Tuesday, as the Chinese yuan stabilized for the third-straight day, though trading remained choppy on the mainland stock market. The Shanghai Composite Index rose 0.4% to 3028.04, but it traded up and down as much as 1% from its previous close. China' s main stock market fell 5.3% on Monday amid fears that Chinese authorities are unable to stem recent turmoil in its financial markets and a slowdown in the broader economy. Elsewhere, the S & P / ASX 200 fell 0.1%, South Korea' s Kospi was flat and Hong Kong' s Hang Seng Index rose 0.2%. In Japan, where markets were closed for national holiday Monday, the Nikkei Stock Average tracked Monday' s regional losses, falling 2% . The Chinese yuan continued to stabilize Tuesday, though the central bank guided the currency slightly weaker. Earlier, Chinese authorities fixed the yuan at 6.5628 per US dollar compared with 6.5626 Monday. China' s onshore yuan, which can trade 2% above or below the fix, last traded at 6.5733 per dollar, weaker than 6.5695 at Monday' s close. The currency reached a five-year low of 6.5956 last week. The offshore currency hit its strongest level since the beginning of the year on Tuesday, and last traded at 6.5705. Late Monday, the offshore yuan, which trades freely, strengthened by as much as 1.5% to 6.5827 to one US dollar compared with the previous close. That helped narrow the gap between the onshore and offshore yuan to its tightest in two months. Traders say the offshore yuan has been strengthening as state-owned Chinese banks buy the currency, a sign of intervention by China' s central bank. That has limited the supply of the offshore yuan, tightening liquidity and sending the rate at which Hong Kong banks lend yuan to each other overnight to a record high of 66.815% on Tuesday. The rate jumped to 13.4% on Monday from 4% Friday. " A lot of channels bringing money from onshore to offshore market have been blocked, which also contributes to the shortage of yuan in Hong Kong," said Tommy Ong, head of Wealth Management Solutions at DBS in Hong Kong. The region' s stock gains Tuesday offer some reprieve after turmoil last week, triggered by a faster-than-expected depreciation of the yuan, when the currency fell 1.5%. Stock regulators also came in last week to calm trading, saying they would do away with a circuit breaker that exacerbated selling and extend a ban of large shareholders from selling shares. Still, China shares are now roughly just 3% above their summer low on Aug. 26, after a three-month rout wiped trillions of US dollars from the market and sparked a global selloff. The Shanghai Composite is off more than 40% from its June peak. Traders and analysts say they remain on edge, as Chinese authorities contend with the prospect of increasing capital outflows from the world' s second largest economy. " For now, it may seem like the tweaks that Beijing makes will continue to affect global market mood," wrote Bernard Aw, market analyst at brokerage IG, in a morning note. Overnight, the Dow Jones Industrial Average eked out a gain, rising 0.3%, after stocks veered between gains and losses throughout the session. Oil prices in the US dropped below $ 32 a barrel for the first time since 2003, pummeled by a stronger dollar and worries over Chinese demand. The slide battered shares of energy companies, with S & P 500 energy stocks down 1.8%. Brent crude oil, the international benchmark, fell 1.1% to $ 31.51 a barrel in Asia. Gold prices were off 0.1% at $ 1,095.70 a troy ounce. They have bounced by more than 3% year to date as investors seek haven assets amid the China volatility. |
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erhaier
Senior |
12-Jan-2016 10:40
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x 0
x 0 Alert Admin |
yes yes, STI is free weight loss program... + we have got to take Po Chai pills almost everyday. |
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Qanghoo
Supreme |
12-Jan-2016 10:34
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x 0
x 0 Alert Admin |
Let STI show u how good it is, n what it' s capable of. HSI up, China also seem stable. STI mati mati must go red. Don' t underestimate power of STI ok?
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erhaier
Senior |
12-Jan-2016 10:23
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x 0
x 0 Alert Admin |
the chinese now play online casino everyday & take universal studio rides for free.... kill 2 birds with one pebble. |
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famouspinky
Supreme |
12-Jan-2016 10:23
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x 0
x 0 Alert Admin |
Temporary
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WanSiTong
Supreme |
12-Jan-2016 09:56
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China Stock Drop last week Does not Reflect Real Economy 12 January 2016 9:45 China' s stock market tumble last week is not a reflection of changes in the real economy, rather it has more to do with design flaws of the circuit breakers, said Nobel prize-winning economist Joseph Stiglitz. The circuit breaker was designed to halt trading for 15 minutes after a 5% swing and for the rest of the trading day if the move reached 7%. The two levels were too close to each other and compelled investors to rush to get out before next level was reached, said Stiglitz, adding that circuit breakers remain necessary for market stability and must be correctly designed. The Shanghai and Shenzhen stock markets lost as much as 7.4 trillion yuan ($ 1.1 trillion) Monday through Thursday last week and twice shut early after the circuit breaker was triggered. The mechanism was suspended late Thursday. |
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moneyplant
Master |
12-Jan-2016 09:17
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x 0
x 0 Alert Admin |
Dbs will pounce | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
12-Jan-2016 08:55
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Stocks To Watch Tiger Air, SGX, Sapphire, POSH, Cheung Woh January 12, 2016: 8:50 AM Here are some stocks to watch this Tuesday morning. Tigerair reported a 1.4% decline in traffic to 877 million revenue passenger-kilometres (RPK) and a 1.4% fall in capacity to 1 million available seat-kilometres (ASK) in December. For the whole of last year, traffic dropped 3.6% to 9.5 billion RPK from a year ago, while capacity fell 5.3% to 11.5 billion ASK. Tiger Air closed 1.1% higher at 45.5 cents. Singapore Exchange is seeking the public' s view on proposed Mainboard and Catalist Listing Rules changes to align them with the amended Companies Act passed in October last year. The changes include electronic transmission of notices and documents to shareholders. One example is whether there are concerns if companies electronically transmit documents to shareholders with implied consent. The exchange is also seeking feedback on policy positions highlighted by other recent statutory changes. SGX closed 2.4% lower at $ 7.23. Sapphire Corporation' s newly acquired rail engineering specialist, Ranken Infrastructure Limited, has secured a RMB373 million S $ 81 million) contract in Taiyuan City, Shanxi province, bringing the total value of new orders recently clinched to RMB1.3 billion. The counter closed 3% lower at 9.7 cents. Offshore marine services provider PACC Offshore Services Holdings (POSH) says POSH Terasea has secured a project to provide towage and positioning services to Shell Prelude floating liquefied natural gas (FLNG) platform, the world' s largest offshore facility. POSH closed 1.7% lower at 29.5 cents . Hard disk drive components manufacturer Cheung Woh Technologies' 3Q earnings slid to $ 1.6 million from $ 3.9 million a year earlier. This came on the back of higher materials and overhead costs incurred in China. In addition, the company also suffered from the appreciation of renminbi against the Singapore dollar. Cheung Woh last traded on Jan 8 at 23 cents. Markets The Dow and S & P 500 ended a volatile session up slightly on Monday in a late turnaround, but a drop in biotechs and energy shares kept a lid on the market. The Dow Jones industrial average was up 52.12 points, or 0.32%, to 16,398.57, the S & P 500 gained 1.64 points, or 0.09%, to 1,923.67 and the Nasdaq Composite dropped 5.64 points, or 0.12%, to 4,637.99. The Straits Times Index (STI) ended the day 1.54% lower at 2,708.85, after trading between 2,690.26 and 2,726.56. Market breadth was negative. Excluding warrants, decliners outnumbered gainers 342 to 90. A total of 1.8 billion shares worth about $ 1.05 billion changed hands , giving an average of 58 cents per share for the entire market. |
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Benjamin_29
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12-Jan-2016 07:54
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Let's see if around 2700 can hold. Otherwise very likely to reach 2500. 2250 quite unlikely but possible if extended pessimism.
All oil charts and related stocks at the last phase of bear market. Any further drop most likely short lived. STI stocks at mid phase of bear market if 2700 is not to hold and correction continue. Don't really think is advisable to sell now especially for SG stocks. Neither to buy but can slowly accmulate on weakness if drop further
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WanSiTong
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12-Jan-2016 07:51
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North and South American Indexes
Wall Street steadies as oil plunges, China woes deepen Wall Street rallied to finish slightly higher on Monday, steadying after a brutal start to 2016, while beaten-down oil prices plunged further after a fresh tumble for Chinese stocks. In a volatile session in which US stocks were lower much of the day, the S& P 500 and the Dow rallied to close higher after last week posting their worst-ever five-day starts to the year. China' s main stock indexes .SSEC .CSI300 each dropped more than 5 percent on Monday. Oil prices fell to new 12-year lows, as concerns over China hurt commodity prices broadly. Noting that weak signs out of China and falling oil prices have recently pressured stocks, Chuck Carlson, chief executive officer at Horizo n Investment Services in Hammond, Indiana, said: " You had both those things happen today and the market managed to finish upward. " The fact that it did hold up for the same reasons that it seemed to go down last week, that' s a victory," Carlson said. " Today was kind of a nice, perhaps, first brick in the bottom being put in place." The Dow Jones industrial average .DJI gained 52.12 points, or 0.32 percent, to 16,398.57, the S& P 500 .SPX was up 1.64 points, or 0.09 percent, to 1,923.67 and the Nasdaq Composite .IXIC lost 5.64 points, or 0.12 percent, to 4,637.99 . Energy shares .SPNY led declines, while the healthcare sector .SPXHC fell 1.2 percent as Celgene Corp (CELG.O) weighed after posting a disappointing financial outlook. Investors were looking to US corporate earnings to help provide confidence, with major banks reporting later this week, despite expectations for a second consecutive quarter of overall declining earnings. " We are going to start to get into earnings season and that is going to begin to be the bigger cue for this market," Carlson said. The pan-Eu ropean FTSEurofirst 300 index .FTEU3 gave up initial gains and ended down 0.4 percent as commodity shares tracked oil and metals prices lower. MSCI' s broadest gauge of stocks globally .MIWD00000PUS slipped 0.4 percent after registering its biggest weekly decline in more than four years. Oil prices fell for a sixth straight session to start the new year, as traders cited fears over slowing demand in China. US crude prices CLc1 settled down 5.3 percent at $31.41 a barrel, while benchmark Brent LCOc1 dropped 6 percent to $31.55 a barrel. " The focus is still on China and the demand concerns in China moving forward into 2016," said Tony Headrick, an energy market analyst at CHS Hedging LLC. The US dollar was up 0.3 percent against a basket of currencies .DXY, while the euro fell 0.7 percent against the dollarEUR=. " Modestly improved risk sentiment was enough to cause the euro to lose some ground against the US dollar," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. US Treasury yields inched higher in volatile trading. Benchmark 10-year notes US10YT=RR were down 12/32 in price to yield 2.1736 percent, from 2.131 percent late on Friday. Copper prices CMCU3 fell 2.2 percent to 6-1/2-year lows as the Chinese stock declines reinforced worries about demand in the world' s biggest consumer of industrial metals. Spot gold XAU= fell 0.8 percent but still hovered at more than two-month highs. The 19-market Thomson Reuters CoreCommodity Index .TRJCRB sank 2.6 percent to a 13-1/2-year low. |
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Qanghoo
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12-Jan-2016 05:46
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To drop up to nearly 500 pts more, yet downside capped for blue chips. Where are they gonna find the stocks to whack to compress STI? If STI really down to 2250, then bks down a corresponding 15-18% more too.
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