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STI to cross 3000 boosted by long-term investors
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victortan
Elite |
09-Dec-2015 22:00
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x 0 Alert Admin |
Mkt rally on liquidity, and only when interest rate is ard 3%, then liquidity will dry up. So it will be 2017 then that will happen. I think deep correction before a higher high and new all time high, before the next big down turn |
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Octavia
Supreme |
09-Dec-2015 21:32
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' Markets are falling apart,' says Jeff Gundlach
http://money.cnn.com/2015/12/08/investing/stocks-market-falling-apart-jeff-gundlach/index.html?iid=hp-toplead-intl |
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Goldfinger
Supreme |
06-Dec-2015 14:09
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As a contrarian - I think it's plumbing the lows - markets are predictive and anticipatory in nature and not backward looking :) but I'm also looking forward to further falls so I can store up more. My retirement fund for 20 years hence.
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halleluyah
Supreme |
06-Dec-2015 14:06
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B carefully when playing mkt at multiple high liao. Once US int rate kick in tis Dec, most likely every q will gradually increase 25 basis pt if nt i expect it to increase 3 times per yr. Predicted Big correction next yr...will nimble on oil counters...dyodd....
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Goldfinger
Supreme |
06-Dec-2015 14:03
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Ok to be fair, in my unlearned view, I think the general consensus is that STI is cheap and relatively undervalued and it is negative regional sentiment and fears of interest rates that is affecting. Cheap can become cheaper though. But my gut feel is that as in the case of Iraq War I and II - sell on Rumour and buy on fact may eventuate when the first rate hikes come. And it may then be no turning back for markets..
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Goldfinger
Supreme |
06-Dec-2015 13:56
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x 0 Alert Admin |
Yah - hope STI continues to sink so I can accumulate more cheap haha
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halleluyah
Supreme |
06-Dec-2015 13:48
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Nowadays when dow rally, our sucker sti is taking opportunity to sell except i see banks will b up as int hike is gd news fr banks. Either mrng up n late afternoon give back most of the gain...lol.... |
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Goldfinger
Supreme |
05-Dec-2015 14:32
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x 0 Alert Admin |
Hope not -
Haven't finished my Christmas shopping yet :)
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bishan22
Supreme |
05-Dec-2015 10:50
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x 0 Alert Admin |
Will STI up 2% or 50 points??? Wait long long.......
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WanSiTong
Supreme |
05-Dec-2015 06:16
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US MARKETS
Wall St. gains 2 percent US jobs data underscores economic strength US stocks rallied on Friday, giving the S & P 500 its biggest gain since early September, as US jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month. Financials, which benefit from higher borrowing costs, led the rally. The S & P financial index .SPSY jumped 2.7 percent. JPMorgan Chase (JPM.N) rose 3.2 percent to $ 67.89 after European antitrust regulators dropped charges against the bank on blocking exchanges from derivatives markets. But the rally, which followed two days of sharp losses, included most sectors and allowed the three major indexes to post slight gains for the week. " Stocks are going to have to shift to a domestic economic performance focus .... We' re going to see the market focused on what the US economy is doing, rather than Fed policy," said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts. " I think we see a continued upward trend for the rest of the year." Nonfarm payrolls increased 211,000 in November, the US Labor Department said, while September and October data were revised to show 35,000 more jobs than previously reported. Analysts said the report, which also showed the unemployment rate held steady at 5 percent, most likely paves the way for the Fed to raise rates this month for the first time in nearly a decade. The Dow Jones industrial average .DJI rose 369.96 points, or 2.12 percent, to 17,847.63, the S & P 500 .SPX gained 42.07 points, or 2.05 percent, to 2,091.69 and the Nasdaq Composite .IXIC added 104.74 points, or 2.08 percent, to 5,142.27. For the week, the Dow and Nasdaq were up 0.3 percent, while the S & P 500 was up 0.1 percent. Nine of the 10 major S & P 500 sectors ended up. The energy index .SPNY dipped 0.5 percent as oil prices fell on news that OPEC was planning to maintain its production near record highs despite depressed prices. The closely watched employment report came a day after Fed Chair Janet Yellen struck an upbeat note on the economy when she testified before lawmakers, describing how it had largely met the criteria for a rate hike. The Fed' s policy-setting committee will meet on Dec. 15-16. Avon Products (AVP.N) rose 5.8 percent to $ 4.22 after a private equity investor group led by Barington Capital proposed a restructuring of the cosmetics maker. Advancing issues outnumbered declining ones on the NYSE by 1,999 to 1,045, for a 1.91-to-1 ratio on the upside on the Nasdaq, 1,840 issues rose and 965 fell for a 1.91-to-1 ratio favoring advancers. The S & P 500 posted 22 new 52-week highs and 20 new lows the Nasdaq recorded 69 new highs and 101 new lows. About 7.7 billion shares changed hands on US exchanges, compared with the 6.9 billion daily average for the past 20 trading days, according to Thomson Reuters data. |
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WanSiTong
Supreme |
04-Dec-2015 13:17
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Noon Market STI dips 0.40% to 2,872.40 at midday December 4, 2015: 12:16 PM Singapore stocks nudged down at noon on Friday. By 12.02pm, the Straits Times Index shed 0.40% to 2,872.40. Decliners outnumber gainers 151 to 132. The Straits Times Index traded between 2,856.51 and 2,875.90, after opening 0.71% lower at 2,863.32. A total of 538.9 million shares worth $ 319.9 million changed hands. Ezra Holdings (Valuation: 1.50, Fundamental: 0.45), Sunmoon Food Company (Valuation: 0.30, Fundamental: 0.95), China New Town Development Company (Valuation: 0.90, Fundamental: 1.25), Magnus Energy Group (Valuation: 0.90, Fundamental: 0.60), and Debao Property Development (Valuation: 2.00, Fundamental: 0.85) were among the most actively traded counters. Among STI components, Sembcorp Industries (Valuation: 2.40, Fundamental: 1.10) climbed 1% to $ 3.07, while Thai Beverage rose 0.7% to 68.5 cents Meanwhile, Jardine Cycle & Carriage shed 2.9% to $ 34.83, while Noble Group (Valuation:. 1.20 , Fundamental: 0.35) slipped 2.4% to 40.5 cents. Imperium Crown surged 24.3% to 9.2 cents Singapore Exchange (SGX) (Valuation: 2.10, Fundamental: 2.30). Queried the property development and property investment company over unusual trading activity in its shares. Sunmoon Food Company soared 6% to 8.9 cents, prompting SGX on to query the fresh fruit and dehydrated produce company issuing a " trade with caution" warning. SMRT and SBS Transit (Valuation: 0.80, Fundamental: 0.20) were up 4.2% to $ 1.545 and 6.8% to $ 2.05 respectively after transport minister Khaw Boon Wan suggested regulator Land Transport Authority should also oversee train operators' assets .. Jardine Cycle & Carriage shed 2.9% to $ 34.83, prompting SGX to warn investors to trade the automotive company' s shares with caution. Companies that went ex-dividend on Friday include MFS Technology (Valuation: N / A, Fundamental: N / A). |
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WanSiTong
Supreme |
04-Dec-2015 09:57
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Asian Shares Join Global Selloff as ECB Stimulus Disappoints 4 December 2015 9:23 Japan stocks fell sharply and the yen strengthened, as Asian markets join a global selloff after the European Central Bank delivered a smaller-than-expected burst of monetary stimulus. Japan' s Nikkei 225 fell 1.7%, with exporters leading losses as the yen firms against the US dollar. The Japanese yen rose 0.5% to ¥ 122.62 against the dollar from late in Asia Thursday. A stronger yen diminishes the value of repatriated earnings made abroad. Elsewhere in Asia, South Korea' s Kospi slipped 0.8% and the Australian S & P / ASX 200 sank 1.7%. In Hong Kong, the Hang Seng Index fell 1.1% and the Shanghai Composite Index slipped 0.5%. While the ECB' s measures, announced Thursday, included a further cut in its deposit rate and an extended bond-buying program, the moves were less aggressive than many investors expected. The bank said it would cut its deposit rate to a record low of negative 0.30% and extended its quantitative easing program by six months until March 2017. The euro strengthened as much as 3.5% after the ECB' s announcement to $ 1.0982 against the US dollar. The common currency is currently trading at $ 1.0916. The announcement triggered steep losses both in the US and Europe, with the Dow Jones Industrial Average shedding 1.4% and the Stoxx Europe 600 falling 3.1%, its biggest daily loss since Aug. 24. " I do not expect the ASX or any Asian indices to really miss out on the selloff today," IG' s market analyst Evan Lucas wrote in a research note. In Japan, export bellwethers fell as the yen strengthened. Toyota Motor Corp. fell 1.4%, after shedding as much as 2.3% earlier Friday. Canon Inc. fell 0.6%. Investors also await Friday' s jobs report in the US, the last major update on the labor market before the Federal Reserve' s December meeting. Market participants expect the central bank to raise short-term interest rates after years of being pinned near zero. Brent crude futures rose 0.4% to $ 44.01 a barrel as oil ministers of in Vienna expressed pessimism about the prospects for a deal to change production quotas. Gold prices were roughly flat at $ 1,061.50 a troy ounce in Asia Friday. The yield on the US 10-year Treasury note was last up 11.5 basis points to 2.291%. |
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WanSiTong
Supreme |
04-Dec-2015 08:48
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Stocks To Watch Stocks to Watch: NOL, Roxy-Pacific, TTJ, Nordic, Mencast, Healthway Medical December 4, 2015: 8:45 AM Here are some stocks to watch this Friday morning. The 30 constituents of the benchmark Straits Times Index (STI) will remain unchanged following the conclusion of the latest quarterly review The STI reserve list will include Singapore Post (Valuation: 1.50, Fundamental: 2.70)., Suntec REIT (Valuation: 1.70, Fundamental : 1.15), CapitaLand Commercial Trust (Valuation: 2.70, Fundamental: 1.80), First Resources (Valuation: 0.90, Fundamental: 2.60) and Neptune Orient Lines (Valuation: 0.90, Fundamental:. 0.75) Companies on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review. Reuters reported that French shipping giant CMA CGM has obtained firm commitments from banks to finance the takeover of Neptune Orient Lines which has a market value of US $ 2.2 billion ($ 3.1 billion). NOL closed at $ 1.205. Roxy-Pacific Holdings (Valuation: 2.40, Fundamental: 1.30), the property and hospitality group, has acquired a 14-storey commercial building at 117 Clarence Street, Sydney, Australia, for A $ 81 million ($ 82.9 million) via a 50% owned associate company. Roxy-Pacific believes the property has the potential to be a stable source of rental income for the group. Roxy-Pacific last traded at 48.5 cents. TTJ Holdings (Valuation: 2.40, Fundamental: 3.00) landed a public sector contract and an industrial contract worth a total of $ 16 million Shares of TTJ ended up 0.5 cent or 1.3% at 39.5 cents.. Nordic Group (Valuation: 2.40, Fundamental: 2.50) ' s wholly-owned subsidiaries, Nordic Flow Control and Austin Energy (Asia), have clinched several new orders worth a total of about $ 2.5 million Nordic ended down 0.4 cent or 2.1% at. 18.5 cents. Mencast Holdings (Valuation: 2.40, Fundamental: 1.15), the marine and oil and gas maintenance, repair and overhaul provider, said it will place out 54.6 million new shares at a price of 27 cents each to two investors to raise gross proceeds of $ 14.8 million which will be used to partially repay existing debt. Mencast last traded at 24.5 cents a share. Healthway Medical (Valuation: 2.10, Fundamental: 1.40) Corp' s 3Q earnings more than halved to $ 3 million from $ 10.7 million a year earlier Revenue for the three months ended Sept 30 rose 7.6% to $ 23.2 million, mainly due to an increase in patient load. . The stock closed 2.9% lower at 3.4 cents. Markets US stocks closed sharply lower Thursday as yields climbed and traders were worried the Fed would raise rates while the economy is too weak. The Dow Jones industrial average fell 252.01 points, or 1.42%, to 17,477.67, the S & P 500 lost 29.89 points, or 1.44 %, to 2,049.62 and the Nasdaq Composite dropped 85.70 points, or 1.67%, to 5,037.53. The Straits Times Index ended the day 0.01% higher at 2,883.89. Decliners outnumbered gainers 222 to 182. A total of 1.02 billion shares worth about $ 955.3 million changed hands. |
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bishan22
Supreme |
04-Dec-2015 07:49
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x 0 Alert Admin |
Today eat ang ku kueh again. Good luck. 
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WanSiTong
Supreme |
04-Dec-2015 06:44
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North and South American Indexes
 S & P posts biggest drop since September as ECB disappoints The S & P 500 suffered its biggest drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus. The ECB move triggered a spike in the euro EUR = that caught investors by surprise, forcing them to shift positions that hit most asset classes. Bond prices dropped after the announcement. At the same time, the CBOE Volatility index .VIX, the stock market' s fear gauge, jumped 13.8 percent, closing at its highest since Nov. 17. The ECB cut its deposit rate deeper into negative territory and extended its asset buys by six months, as expected. But some market participants had hoped for greater stimulus. All 10 S & P 500 sectors fell in a second day of sharp losses for US stocks. Healthcare .SPXHC ended down 2.2 percent, leading the day' s decline in the S & P 500, followed by energy .SPNY, down 2 percent. " The biggest influence was the (ECB President Mario) Draghi talk this morning it did not satisfy the US markets," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. Federal Reserve Chair Janet Yellen' s comments suggested the Fed was on track to raise interest rates this month. Yellen told lawmakers the US central bank was close to lifting its overnight interest rate from near zero. She gave an upbeat view of the economy, saying " growth is likely to be sufficient over the next year or two to result in further improvement in the labor market. " The Fed' s next policy meeting is on Dec. 15-16. The Dow Jones industrial average .DJI fell 252.01 points, or 1.42 percent, to 17,477.67, the S & P 500 .SPX lost 29.89 points, or 1.44 percent, to 2,049.62 and the Nasdaq Composite .IXIC dropped 85.70 points, or 1.67 percent, to 5,037.53. The S & P 500 posted its biggest daily percentage decline since Sept. 28 and closed at its lowest since Nov. 13. Some of the selling was related to leveraged funds that were likely forced to close positions as volatility spiked. According to Bank of America research, these funds, which were heavily involved in the dramatic selloff in late August, have since returned to the level of leverage they had prior to that downturn. Volume was elevated in S & P 500 index options expiring on Friday, particularly in put options that suggest people were hedging against the possibility of losses, said Henry Schwartz, president of options analytics firm Trade Alert, in New York. " After a really slow week it does look like hedgers are taking some action today," he said. Data released on Thursday showed initial US jobless claims for last week rose but remained at levels consistent with a strengthening labor market. Friday' s employment report is expected to show the US economy added 200,000 jobs in November. Zafgen (ZFGN.O) shares were down 5.1 percent at $ 5.96 after the company said the US Food and Drug Administration was putting on complete hold a late-stage study testing its experimental obesity drug. Declining issues outnumbered advancing ones on the NYSE by 2,518 to 579, for a 4.35-to-1 ratio on the downside on the Nasdaq, 2,159 issues fell and 674 advanced for a 3.20-to-1 ratio favoring decliners. The S & P 500 posted 9 new 52-week highs and 26 new lows the Nasdaq recorded 53 new highs and 78 new lows. |
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WanSiTong
Supreme |
03-Dec-2015 20:35
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Highlight SGX gives 6-month extension to firms to meet minimum trading price requirement December 3, 2015 : 6:05 PM Singapore Exchange is giving affected companies carrying out a share consolidation to comply with the Minimum Trading Price (MTP) requirement a six-month extension before they are reviewed for compliance with the MTP requirement. The extended period was granted, taking into account &ldquo the impact of current global market developments on companies' share price performance as well as feedback from investors and companies&rdquo , the bourse operators says in a press release on Thursday. In March, SGX introduced the MTP requirement for shares of Mainboard-listed companies, with the aim of reducing excessive speculation. The requirement takes effect from March 1, 2016 after a one-year transition period. With the extension, the six-month volume-weighted average price (VWAP) of the shares of these firm will tbe assessed only on Sept 1, 2016 instead of March 1, 2016. The extension will only apply to companies which have consolidated their shares before March 1, 2016. Companies which have carried out corporate actions, such as mergers and acquisitions or reverse takeovers, before March 1, 2016 can ask SGX for a similar consideration on a case-by-case basis. Those seeking to transfer to Catalist should also consult the exchange. Other affected issuers will still have their shares' six-month VWAP reviewed for MTP compliance on March 1 next year. Affected firms which have not acted to comply with MTP will be placed on the watch-list if the VWAP of their shares for the six-month from Sept 1, 2015 is below 20 cents. Once on the watch-list, they have three years to meet the requirement or be delisted. As end-October, 94 of the 167 companies likely to be affected by MTP have either acted or announced plans to comply. Among the 94 firms, 86 have decided on a share consolidation. Of these, 65 have completed their share consolidation, SGX says . SGX closed 0.4% higher at $7.62. |
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grootwong
Member |
03-Dec-2015 16:44
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✰ Hang Seng (HKFE) (Z5) Intraday: bullish bias above 22300. Long positions above 22300 with targets @ 22650 & 22900 in extension. Below 22300 look for further downside with 22160 & 21890 as targets. A support base at 22300 has formed and has allowed for a temporary stabilisation. ✮ United Overseas Bank: under pressure. Short positions below 20.2 with targets @ 18.2 & 17.5 in extension. Above 20.2 look for further upside with 20.75 & 21.6 as targets. The RSI is bearish and calls for further downside. more recommendations on http://www.123contactform.com/form-1700245/Free-Intraday-Tips-For-Trading |
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WanSiTong
Supreme |
03-Dec-2015 16:39
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European Indexes
Asian Indexes
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WanSiTong
Supreme |
03-Dec-2015 13:40
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Noon Market STI dips 0.44% to 2,870.82 at midday December 3, 2015: 12:55 PM Singapore equities nudged down at noon on Thursday, amid mixed trading in other Asian markets. Oil explorers, as well as offshore & marine services companies, led declines after crude oil prices fell below US $ 40 per barrel. The Nikkei 225 and KOSPI Indices slipped around 0.3% and 1% respectively, while the Hang Seng Index shed around 0.3%. Meanwhile, the Shanghai and Shenzhen Composite Indices saw respective gains of about 0.6% and 1.1%. By 12.19 pm, the Straits Times Index shed 0.44% to 2,870.82. Market breadth was negative. Excluding warrants, decliners outnumber gainers 207 to 113. The Straits Times Index (STI) traded between 2,857.49 and 2,878.07, after opening 0.67% lower at 2,864.36. A total of 444.7 million shares worth $ 450.9 million changed hands, giving an average price of about $ 1.01 per share for the entire market. Alliance Mineral Assets (Valuation: N / A, Fundamental: N / A), Sunmoon Food Company (Valuation: 0.30, Fundamental: 0.95), Sincap Group (Valuation: 0.30, Fundamental: 0.75), GCCP Resources (Valuation: N / A , Fundamental: N / A), and Noble Group (Valuation: 1.20, Fundamental: 0.35) were among the most actively traded counters. Among STI components, Jardine Cycle & Carriage (Valuation: 1.80, Fundamental: 1.50) climbed 2.9% to $ 34.78, while Wilmar International (Valuation: 2.00, Fundamental: 0.80) rose 2.1% to $ 2.94 Meanwhile, Sembcorp Industries (Valuation:. 2.40, Fundamental: 1.10) tumbled 4.1% to $ 3.03, while Sembcorp Marine (Valuation: 1.80, Fundamental: 1.10) plunged 4.1% to $ 1.89. Sunmoon Food Company soared 35.6% to 8 cents The fresh fruit and dehydrated produce company was queried by the Singapore Exchange (SGX) (Valuation: 2.10, Fundamental: 2.30). Over unusual trading activity in its shares. Alliance Mineral Assets leapt 6.1% to 15.6 cents. The mineral resource company on Friday announced that it has signed its first individual contract to supply tantalite concentrate under the terms of the distribution agreement signed with Mitsubishi Corporation RtM Japan. Sembcorp Marine plunged 4.1% to $ 1.89, after the rig-builder announced that its subsidiary Jurong Shipyard has entered into a standstill agreement with North Atlantic Drilling for the delivery of a semisubmersible drilling rig until June next year. Sunvic Chemical Holdings (Valuation: 0.90, Fundamental: 0.35). Plummeted 5.1% to 18.7 cents SGX on Monday reprimanded the company for breaches of listing rules relating to RMB1.6 billion ($ 353 million) of interested person transactions (IPTs) over the past three financial years. Companies that went ex-dividend on Thursday include World Precision Machinery (Valuation: 2.40, Fundamental: 1.20). |
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WanSiTong
Supreme |
03-Dec-2015 10:23
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Asian Shares Fall on Lower Oil, Fed Comments 3 December 2015 10:05 Asian shares fell after oil prices reached fresh lows overnight and expectations firmed that the Federal Reserve will raise rates after its December meeting in two weeks. Australia' s S & P / ASX 200 fell 0.5%, South Korea' s Kospi fell 1% and Japan' s Nikkei Stock Average fell 0.3%. Hong Kong' s Hang Seng Index fell 0.3% and the Shanghai Composite Index fell 0.1%. " We' re seeing money withdrawn from these markets by US based investors" who " prefer having money in the US [if rates increase] even though the hike is going to be very small," said Andrew Sullivan, managing director at Haitong Securities International . Lower oil and the prospect of higher US interest rates are outweighing hopes for additional stimulus from the European Central Bank, which meets later Thursday. Economists and market watchers expect the central bank to reduce their deposit rate further into negative territory and add to their EUR60 billion ($ 63.5 billion) a month bond-buying program. Gauges of materials and energy shares in Australia both fell roughly 1.4%. Miners BHP Billiton Ltd. and Rio Tinto Ltd. fell 1.9% and 2.1%, respectively. Woodside Petroleum Ltd. fell 2.2% and Liquefied Natural Gas Ltd. fell 1.1%. Oil and energy stocks could continue to swing ahead of Friday' s meeting of the Organization of the Petroleum Exporting Countries, which is expected to be one of the most contentious in years. The group decided last year not to cut output in a bid to defend, and win, market share against increased competition from the US, a policy that accelerated a price rout in oil. US crude oil dropped below $ 40 a barrel for the first time since August on Wednesday, as a buildup of supplies signaled a deepening global glut. Prices ended 4.6% lower on the New York Mercantile Exchange, the largest one-day percentage decline since Oct. 12. Brent crude fell to a six-year low on Wednesday. The global benchmark declined $ 1.95, or 4.4%, to $ 42.49 a barrel on ICE Futures Europe, but gained 0.5% to $ 42.71 in Asia Thursday. Meanwhile, the dollar rose after comments from Federal Reserve Chairwoman Janet Yellen that the US economy appeared to be strengthening, a signal the central bank would raise rates soon, as expected. Going forward, market participants will assess US nonfarm payroll data on Friday, which could offer further indications of the Fed' s timeline for raising short-term interest rates. The Wall Street Journal Dollar Index, which gauges the dollar against a basket of 16 currencies, was last up 0.1% at $ 90.76 in the US on Wednesday in New York after rising as high as 91.02, its strongest level since December 2002. Higher interest rates in the US would raise borrowing costs and threatens to curtail a broad rally in global stocks during an era of ultralow rates. A strengthening dollar also pressured copper and other base metals, which are priced in the currency. These assets typically become more expensive to buy for other currency holders when the dollar strengthens Copper futures settled down 1.9% at $ 2.033 a pound on the Comex division of the New York Mercantile Exchange. Among the other base metals, aluminum was flat at $ 1,442 a ton, zinc was down 0.9% at $ 1,531 a ton and nickel was up 1.2% at $ 8,440 a ton. In currencies, the Australian dollar was down 0.1% at $ 0.7296. The local currency reached its highest in 1 1/2 months on Wednesday at $ 0.7342. Gold prices fell 0.5% to $ 1,048.80 a troy ounce in Asia trade Thursday. |
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