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Wilmar - Watch for a Strong Rally to Come! Post Reply Rate topic
Siwomp Supreme	31-Aug-2015 13:15        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	irony is the more the mkt drops, the more votes the incumbent will win. Demostation      ( Date: 31-Aug-2015 11:55) Posted: Today STI is in election-mode.   BBs are busy helping out here and there.   So not much shorting around, lol.
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WanSiTong Supreme	31-Aug-2015 13:06        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	China Focus Yuan pares biggest monthly loss since 1994 as Premier Li talks stability August 31, 2015 : 12:42 PM China' s yuan rose for the fourth day, trimming the biggest monthly loss since 1994, after Premier Li Keqiang signalled support for the currency following a devaluation that rattled global markets and shook confidence in the world' s second-largest economy. The yuan climbed 0.16% to 6.3781 a dollar as of 12:03 pm in Shanghai, according to China Foreign Exchange Trade System prices. That takes its advance in the past four sessions to 0.5% and pares its loss for August to 2.7%. There' s no basis for yuan declines to continue, Li said late last week. Using words such as " basically stable" and " reasonable and equilibrium level," he added to efforts to calm investors after a period of depreciation tested the central bank' s commitment to a new, more market-driven exchange-rate system. " The government' s verbal interventions have improved market sentiment," said Tommy Xie, an economist at Oversea-Chinese Banking Corp. in Singapore. " Investors are confident the authorities have the capability to stabilise the yuan at around 6.4 against the dollar as the stock market is in turmoil. " Balancing act Policy makers are trying to balance the need for financial stability with a desire for stronger exports and the yuan' s inclusion in the International Monetary Fund' s basket of reserve currencies. Keeping the yuan stable dented the competitiveness of shipments and contributed to a US $ 315 billion decline in foreign -exchange reserves in the year through July. The Shanghai Composite Index of equities is headed for a 14% plunge in August amid concern about a slowing economy and the level of government support. The central bank cut its benchmark interest rates for the fifth time since November last week and lowered lenders' reserve- requirement ratios. The People' s Bank of China strengthened the yuan' s reference rate by the most in five months on Friday, a move that suggested policy makers were trying to " save face" before a Sept. 3 parade to celebrate victory in World War II, according to Brilliant and Bright Investment Consultancy Ltd. The PBOC raised the fixing, which restricts the onshore spot price' s moves to 2% on either side, by another 0.15% Monday to 6.3983 a dollar. The increases raise questions about policy makers' role in determining the level. The PBOC said on Aug. 11 that it was adopting a new methodology for setting the official rate, and that market makers who submit contributing prices would have to consider the previous day' s close , foreign-exchange demand and supply, as well as changes in major currency rates. Year-end forecasts The onshore yuan will decline to 6.5 versus the greenback by the end of 2015, according to the median estimate in a Bloomberg survey. Before the PBOC' s surprise devaluation, the currency was forecast to end the year at 6.2. The currency' s one-month implied volatility , which measures expected swings and is used by some traders to price options, jumped 418 basis points from July 31, the biggest monthly advance since 2005, to 5.69%, according to data compiled by Bloomberg. The freely-traded offshore yuan in Hong Kong rose 0.28% to 6.4446 a dollar on Monday, according to data compiled by Bloomberg. That trims its decline for the month to a still- unprecedented 3.5%. China will continue to carry out proactive fiscal and prudent monetary policies and will use " more precise" measures to cope with downward pressure on the economy, Li said in comments posted on the State Council website on Saturday. " The PBOC clearly does not want the yuan to depreciate sharply now as the stock market is too volatile and they signaled the adjustment of the currency' s exchange rate was almost done," said Banny Lam, co-head of research at Agricultural Bank of China International Securities in Hong Kong. " The yuan still faces the pressure of another 2-3% decline this year as the economic fundamentals remain weak."
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WanSiTong Supreme	31-Aug-2015 13:02        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Noon Market STI sheds 0.67% to 2,936.00 at midday August 31, 2015 : 12:57 PM Investors look to individual counters after days of mass selling followed by mass buying as volatility hit global markets. The result is a mixed morning trading session in Singapore. By 12.04pm, the Straits Times Index shed 0.67% to 2,936.00. Market breadth was negative. Excluding warrants, decliners outnumber gainers 231 to 107. The Straits Times Index traded between 2,933.25 and 2,987.18, after opening 1.06% higher at 2,987.18. A total of 545.4 million shares worth $ 602.8 million changed hands. Ezra Holdings , EMS Energy , Great Group Holdings and New Silkroutes Group were among the most actively traded counters. Ezra rose 1.6% to 12.4 cents on 79.3 million shares traded after Japan' s Chiyoda agreed to buy a 50% equity stake in Ezra' s main subsea services division. Ezra will hive off the division, EMAS AMC, into a separate firm and rename it EMAS Chiyoda Subsea . Chiyoda will pay Ezra US $ 150 million ($ 210 million) for the stake and invest an additional US $ 30 million in the new joint-venture firm. AusGroup dropped over 3% to 11.1 cents with 1.6 million shares traded. The integrated service provider to the energy, industrial and mining sectors, reported that its 4Q earnings plunged 88.4% from a year ago to A $ 261,000 ($ 261,000) due to an impairment arising from decreased certainty in capital expenditure in the energy sector. Loyz Energy traded flat at 4.6 cents with 942,000 shares traded. The oil and gas company reported a net loss of US $ 63.1 million ($ 88.4 million) for FY2015 ended June, significantly wider than the US $ 2.9 million net loss recorded a year earlier. Revenue rose 41% to US $ 23 million. KLW Holdings rose 10% to 1.1 cents with 900,000 shares traded, before requesting for a trading halt on its shares pending the release of announcements by the provider of quality engineered doors. Companies that went ex-dividend on Monday include Captii and First Resources.
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WanSiTong Supreme	31-Aug-2015 12:55        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	China Focus China said to ask brokerages to boost market and buy back shares stocks slump August 31, 2015 : 11:59 AM China' s securities regulator asked brokerages to step up their support for share prices by contributing 100 billion yuan (S $ 22.2 billion) to the nation' s market rescue fund and increasing stock buybacks, according to people familiar with the matter, but stocks slumped on Monday as traders weighed the level of state support. The Shanghai Composite Index slid 2.5% t to 3,152.16 at 10:31 am local time. Citic Securities dropped 6.9% after Xinhua News Agency reported that company executives were detained on suspicion of insider trading. Swings in Chinese markets this month have rattled investors worldwide as they struggle to anticipate policy actions in the world' s second-largest economy. Stocks rallied almost 10% over Thursday and Friday on speculation authorities are propping up markets before President Xi Jinping takes the stage at a World War II victory parade this week. " There is a lot of confusion about purchases of stocks by state-linked funds," said Gerry Alfonso, a sales trader at Shenwan Hongyuan Group Co. in Shanghai. " Disclosures are very limited so it is impossible to know what they are doing with certainty. " The government revived its intervention in equities on Thursday to halt the biggest selloff since 1996. The effort to support markets was part of a broader push to ensure nothing detracts from the parade, which the government will use to demonstrate its rising military and political might. China' s securities regulator asked brokerages to step up their support for share prices by contributing 100 billion yuan to the nation' s market rescue fund and increasing stock buybacks, according to people familiar with the matter. The China Securities Regulatory Commission gave the order at a meeting with representatives of 50 brokerages on Saturday, which CSRC Chairman Xiao Gang also attended, said the people who asked not to be identified because the meeting has not been made public. Four executives of Citic Securities, the nation' s largest brokerage, a journalist at business magazine Caijing and a staff member at the CSRC all confessed to alleged stock-related crimes, Xinhua said. Gauges tracking consumer, technology and health-care companies slid more 3.8% on the CSI 300 Index, which declined 2.7%. Hong Kong' s Hang Seng China Enterprises Index fell 1.2%. The Hang Seng Index lost 0.5%. China' s financial markets will be closed on Thursday and Friday for national holidays to commemorate the end of World War II. Hong Kong' s markets will be shut on Thursday. The statistics bureau is due to release an official manufacturing index for August on Tuesday. The gauge, known as the Purchasing Managers' Index, probably fell to 49.7 from 50 in July, according to the median estimate of a Bloomberg survey. A reading below 50 indicates contraction.
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Demostation Supreme	31-Aug-2015 11:55        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today STI is in election-mode.   BBs are busy helping out here and there.   So not much shorting around, lol.
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halleluyah Supreme	31-Aug-2015 11:43        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope is non cancerous......... bishan22      ( Date: 31-Aug-2015 10:36) Posted: Back to sick bay again...........
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nyde1d1th Veteran	31-Aug-2015 11:38        nyde1d1th About Contact  Quote this Post!
x 0   x 0  Alert Admin	hmmm more like the ther way bro...when they wake up...they will whack it down a few more hundred points.... i dont think asia dictate the dow index....we more like take cue from it... Demostation      ( Date: 31-Aug-2015 11:29) Posted: Aiyo, the Americans are asleep, so Asians are trying to dictate the Dow index during their slumber.   Later when they wake up, they will take revenge and send the Dow few hundred points up.  Siwomp      ( Date: 31-Aug-2015 10:44) Posted: Dow futures -140+
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Demostation Supreme	31-Aug-2015 11:29        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Aiyo, the Americans are asleep, so Asians are trying to dictate the Dow index during their slumber.   Later when they wake up, they will take revenge and send the Dow few hundred points up.  Siwomp      ( Date: 31-Aug-2015 10:44) Posted: Dow futures -140+
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Sporeguy Elite	31-Aug-2015 11:28        Sporeguy About Contact  Quote this Post!
x 0   x 0  Alert Admin	This morning, 95.8 news mention that USA indicates that they up the rate. Just wondering what are trying to do. One moment say not in the near future, a few days say will up the rate.
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Siwomp Supreme	31-Aug-2015 10:58        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha... tot i give up the heads up. :-p risktaker      ( Date: 31-Aug-2015 10:46) Posted: already told u what to do already Siwomp      ( Date: 31-Aug-2015 10:44) Posted: Dow futures -140+
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risktaker Supreme	31-Aug-2015 10:46        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	already told u what to do already Siwomp      ( Date: 31-Aug-2015 10:44) Posted: Dow futures -140+
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Siwomp Supreme	31-Aug-2015 10:44        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dow futures -140+
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bishan22 Supreme	31-Aug-2015 10:36        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Back to sick bay again...........
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nyde1d1th Veteran	31-Aug-2015 08:55        nyde1d1th About Contact  Quote this Post!
x 0   x 0  Alert Admin	last week they somehow managed to hold back the sell off and profit taking...today will not look good....september will be a dangerous month...haha
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WanSiTong Supreme	31-Aug-2015 08:50        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Stock Focus IHH Healthcare, Keppel O& M, China Fishery, AusGroup, Linc Energy, Loyz Energy, OKH   August 31, 2015 : 8:29 AM The following stocks are in focus and may see price action today: IHH Healthcare Berhad  has signed agreements to acquire a 73.4% stake in India-based Ravindranath GE Medical Associates Private Limited (Global Hospitals) for INR12.84 billion ($ 272 million) through its indirect wholly-owned subsidiary, Gleneagles Development Private Limited. Keppel Offshore & Marine' s (Keppel O & M) wholly-owned subsidiary has acquired the offshore rig business of US-based Cameron International Corp for US $ 100 million ($ 140.9 million) The Carlyle Group has ended its presence on the board of China Fishery Group  almost four months after declining to take part in a rights issue by the fishing company, China Fishery says on Monday. Patrick Siewert, a board appointee of Carlyle fund CAP III-A, resigned as a non-executive director of China Fishery on Aug 29. His alternate, Janine Feng Junyuan, also stepped down. Raffles Medical Group  ' s wholly owned subsidiary, Raffles SurgiCentre, has entered into a share purchase agreement with AEA International Holdings. This is for the acquisition of 375,112 shares, or about a 55% stake in International SOS (MC Holdings) ʱ ?? AusGroup Limited , an integrated service provider to the energy, industrial and mining sectors, says its 4Q earnings plunged dived 88.4% from a year ago to A $ 261,000 ($ 261,000) due to an impairment arising from decreased certainty in capital expenditure in the energy sector. Oil and gas company Loyz Energy reported a net loss of US $ 63.1 million ($ 88.4 million) for FY2015 ended June, significantly wider than the US $ 2.9 million net loss recorded a year earlier. Revenue rose 41% to US $ 23 million. Oil and gas company Linc Energy' s net losses for FY2015 ended June 30 widened by 11% to A $ 249 million ($ 249 million). Revenue slid 40.8% to A $ 87.8 million, on the back of decreased US oil and gas net sales and decreased realised price per barrel. The group also recognised an impairment on oil and gas assets of A $ 173.4 million. OKH Global, the property developer and construction company, reported a 46.8% fall in 4Q earnings ended June to $ 16.5 million from a year ago, dragged down by significantly lower revenue. Revenue fell 98.3% to $ 3.5 million. Markets   Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected. The Dow Jones industrial average ended down 0.07% at 16,643.01 while the S & P 500 edged up 0.06% at 1,988.87. The Nasdaq Composite added 0.32% to end at 4,828.33. The Straits Times Index ended Friday 0.36% higher at 2,955.94, after trading between 2,947.37 and 2,999.08. Market breadth was positive. Excluding warrants, gainers outnumbered decliners 277 to 189.
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risktaker Supreme	31-Aug-2015 08:38        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	USD chionging.... what traders should do is short gold,dow ,hsi ,sti and finally long USD
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Demostation Supreme	31-Aug-2015 08:34        Demostation About Contact  Quote this Post!
x 0   x 0  Alert Admin	Due to the surge in oil prices, and its continuing ascend, oil and energy counters like Noble and Ezra may rise. The rest of the counters, my   chances is 50/50.
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risktaker Supreme	31-Aug-2015 08:02        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	think investors will flee from stock market and buy other safe haven.... USD is junk but its still consider a safe haven.... isnt it funny.... at least thats true about its corporation but US government have to cut spending else where like its military to balance its budget..... China has been the leading indicator for gobal market.... so when my guess is many market will follow suite soon including the US.....
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WanSiTong Supreme	31-Aug-2015 07:33        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	China Focus China' s stock rout to resume as intervention ends, warns Bank of America TAIPEI (Aug 28): The rebound in China' s stocks will be short-lived because state intervention is too costly to continue and valuations are not justified given the slowing economy, says Bank of America Corp. " As soon as people sense the government is withdrawing from direct intervention, there will be lots of investors starting to dump stocks again," said David Cui, China equity strategist at Bank of America in Singapore. The Shanghai Composite Index needs to fall another 35 % before shares become attractive, he said. The Shanghai gauge rallied for a second day on Friday amid speculation authorities were supporting equities before a World War II victory parade next week that will showcase China' s military might. The government resumed intervention in stocks on Thursday to halt the biggest sell-off since 1996, according to people familiar with the matter. China Securities Finance Corp., the state agency tasked with supporting share prices, will probably end direct market purchases within the next month or two, Cui said. While the benchmark gauge trades 47% above the levels of a year earlier, data from industrial output to exports and retail sales depict a deepening slowdown. China' s first major growth indicator for August showed the manufacturing sector is at the weakest since the global financial crisis. Profits at the nation' s industrial companies fell 2.9% in July, data Friday showed. Equities on mainland bourses are valued at a median 51 times reported earnings, according to data compiled by Bloomberg. That' s the most among the 10 largest markets and more than twice the 19 multiple for the Standard & Poor' s 500 Index. Even after tumbling 37% from its June 12 peak, the Shanghai gauge is the best-performing equity index worldwide over the past year. The Shanghai Composite rose 4.8% at the close on Friday, paring its weekly loss to 7.9%.
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WanSiTong Supreme	31-Aug-2015 07:32        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	China economy is " not falling off a cliff" : DBS CEO SINGAPORE (Auh 28): China' s economy may be slowing but it is " not falling off a cliff" , the chief executive of Southeast Asia' s biggest bank said Friday. DBS Bank (Financial Dashboard) chief executive Piyush Gupta also said he does not see a repeat of the 1997-1998 Asian financial crisis arising from the turmoil in Chinese markets because the region is on a far stronger footing than it was 18 years ago. A slowdown in the Chinese economy, a sharp fall in share prices and the devaluation of the yuan against the US dollar have hammered financial markets worldwide, underscoring China' s rising role as a global economic growth engine. " We' re not seeing the country, the economy or demand falling off a cliff, " Mr Gupta said during a luncheon with the Foreign Correspondents Association in Singapore, referring to China. DBS is Singapore' s leading bank and the largest in Southeast Asia in terms of assets. " There are sectoral issues, some sectors will suffer and the country is slowing but it is not falling off a cliff." Mr Gupta said investors should take a broader look at China' s economy, noting that the drag came mainly from the industrial sector, in particular construction. China' s services sector, which has taken on a bigger role in the economy, is expanding, resulting in buoyant retail sales, he said. " If you look at the headline retail sales numbers for China, it' s still tracking 10-12% (growth) , " he said." It used to be 12-14, it' s come off a tad but 10-12% retail sales growth is not dramatically slow. " Mr Gupta also noted that while there has been a focus on the decline in the purchasing managers' index (PMI) in the country' s manufacturing sector, less attention has been given to the PMI for services. China' s manufacturing PMI slumped to a 77-month low to 47.1 in August, according an independent survey. The figure, which dipped from July' s final reading of 47.8, was the worst since a reading of 44.8 in March 2009. A figure above 50 signals growth, while anything below indicates contraction. Mr Gupta said manufacturing alone does not give a complete picture of the economy, which is shifting from a heavy reliance on exports to a greater role for domestic consumption. The PMI for services rose to 53.9 in July which " explains why the retail sales numbers are relatively robust," Mr Gupta said. " It' s not a smooth ride but they (Chinese authorities) have not lost the plot," Mr Gupta said. He said Chinese officials were steering the world' s second biggest economy to a " soft landing" after years of rapid growth. The Asian Development Bank last month projected China' s economy to grow 7% this year and 6.8% next year, down from a March estimate of 7.2% in 2015 and 7% next year.
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