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STI to cross 3000 boosted by long-term investors
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WanSiTong
Supreme |
08-Jun-2015 18:18
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Loh Boon Chye is new CEO of Singapore Exchange SGX has appointed Loh Boon Chye as its new Chief Executive Officer from July 14. Loh, aged 51, began as an Investment Officer with the Monetary Authority of Singapore in 1989. He joined the Singapore branch of Morgan Guaranty Trust Co. of New York in 1992. From 1995 to 2012, he was with Deutsche Bank AG, Singapore, where he held the posts of Chief Executive of the Global Markets Division in Singapore, and Head of Global Markets &ndash Asia, and was Head of Corporate and Investment Banking for Asia-Pacific. From December 2012 to early this year, he was with Bank of America &ndash Merrill Lynch as Deputy President and Head of Global Markets for Asia-Pacific. Chew Choon Seng, Chairman of SGX, said, " We are pleased to welcome Boon Chye as the new CEO. He is very well regarded by everyone who has worked with him and respected as an accomplished leader and team manager. Boon Chye is no stranger to SGX and his knowledge and extensive experience in capital markets equip him well to take SGX forward." Loh graduated from the National University of Singapore with a Bachelor of Engineering degree. He was a director on the Board of SGX from October 2003 to September 2012. Chew also expressed SGX' s thanks and appreciation to Magnus Bö cker for his service and contribution as CEO over the past five-and-a-half years, and wished him the best for the future. Bö cker will complete his assignment on 30th June 2015. SGX President Muthukrishnan Ramaswami will be in charge from July 1 to 13. |
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tobias_i_d
Senior |
08-Jun-2015 17:47
Yells: "Good technicians don't eat heads and tails." |
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in terms of public housing, public transport, living environment, safety standard and quality of living: Singapore > Hong Kong But in terms of stock market turn over and volume: Hong Kong is far ahead a decade! LOL.... Nevertheless, I still love SG =)
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Qanghoo
Supreme |
08-Jun-2015 17:12
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How does such a world class financial centre, with its brilliant human resource, strongly galvanised by foreign talent, get into such a mess. We are able to do so many things right - build a world reputation for our airport, housing programme, a great liveable city, attract lots of tourists, lots of foreign talent. But when it comes to stocks, we only attract sh*t chng kays to destroy wealth.
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tomhanks
Master |
08-Jun-2015 16:25
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RED RED and MORE RED...RED is the way to go for this market! |
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HuathuatLeo
Elite |
08-Jun-2015 15:56
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tomorrow samething again. lmao hahahah
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tomhanks
Master |
08-Jun-2015 15:25
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Decline..Decline..Decline...Same f*ucking news every day every week!!!! Sick Market! |
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WanSiTong
Supreme |
08-Jun-2015 13:17
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Noon Market Singapore shares in negative territoryJune 8, 2015 : 1:08 PM Singapore shares continued to trade weaker. At 12:26 pm (0426 GMT), the Straits Times Index slipped 0.10% to 3,330.27. Market breadth was negative, with 201 decliners as compared to 137 gainers. The Straits Times Index came off from its intraday peak of 3,333.99 and low of 3,319.86. Volume amounted to 588 million shares worth $ 464.6 million changing hands. Singapore Telecommunications Limited, United Overseas Bank Limited , City Developments Limited , Oversea-Chinese Banking Corporation Limited , and DBS Group Holdings were among the most active stocks in the market. SMRT Corporation Ltd fell 1.3%. The public transport operator announced last Friday that it would not proceed with a proposed investment of $ 34.5 million in OMGTEL, which is planning to bid for the fourth wireless telecommunications carrier license in Singapore. SMRT will instead focus on its existing businesses. Viva Industrial Trust fell 2.4% on plans to upsize the offer of its private placement exercise from $ 40 million to $ 63 million due to strong demand from both institutional and private investors. A total of 80.3 million new stapled securities at 78.5 cents each will be issued. Bucking the slide, Spackman Entertainment Group surged 3.4%. The entertainment production company has acquired a 88.89% stake in Korean variety show producer Delmedia Co. for a total cash consideration of KRW1.60 billion ($ 2 million). IPS Securex rose 1.2%. The integrated security solutions provider has received a US $ 4 million order for PepperBall products under a letter of intent signed on April 29. Jason Holdings gained 4.1%. This was in spite of the provider of timber flooring services announcing that CEO Jason Sim has on June 3 received a letter from Lantau Holdings alleging the default of a loan agreement. CNA Group traded flat at 2.4 cents. The master systems integrator and Dongying Economic Development Zone Management Committee have agreed to transfer the operations of a wastewater treatment plant in China which they have jointly constructed and maintained to United Envirotech (Financial Dashboard) for $ 15 million. Stocks that went ex-dividend today included Dutech Holdings Limited , Jacks International Limited , Lee Metal Group Limited , and Zhongmin Baihui Retail Group Limited . |
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WanSiTong
Supreme |
08-Jun-2015 08:56
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Market Preview Singapore market to open lower in volatile tradeJune 8, 2015 : 8:47 AM The Singapore market is expected to remain volatile over mixed economic data out of the US and worries that Greece' s debt standoff could end in default. US stocks last week traded in their tightest weekly range in 21 years. Equities slipped in the five days after zigzagging between gains and losses, with the Standard & Poor' s 500 Index ending the period lower by 0.7% to 2,092.83. The Straits Times Index last Friday slipped 0.34% to 3,333.67 with some 1.28 billion shares worth $ 1.18 billion changing hands. Here are some stocks that could move the market this morning: Viva Industrial Trust upsized the offer of its private placement exercise from $ 40 million to $ 63 million due to strong demand from both institutional and private investors. A total of 80.3 million new stapled securities at 78.5 cents each will therefore be issued. Viva Industrial Trust last closed at 83.5 cents. Jason Holdings says CEO Jason Sim has received a letter from Lantau Holdings alleging the default of a loan agreement. Sim had transferred 10 million shares, or 4.63% stake in the company, to Lantau as collateral for loans. Jason last closed at 13.5 cents. IPS Securex has received a US $ 4 million order for PepperBall products under an LOI signed on April 29. IPS Securex last closed at 80.5 cents. Spackman Entertainment Group has acquired a 88.89% stake in Korean variety show producer Delmedia Co. for $ 2 million. Spackman closed at 11.9 cents. CNA Group and Dongying Economic Development Zone Management Committee (DMC) have agreed to transfer the operations of a wastewater treatment plant in China which they have jointly constructed and maintained to United Envirotech for $ 15 million. CNA last closed at 2.4 cents. |
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singaporegal
Supreme |
07-Jun-2015 07:45
Yells: "Female TA nut" |
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Agree. I think the local regulators need to do more to rein in some of these manipulators. But we can also protect ourselves by NOT trading penny stocks. Just stick to those with high market cap and trading volume. Those are safer. The problem I see is that many people like to rush into penny stocks based on rumour or " advice" given by others.
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RoundRound
Elite |
06-Jun-2015 10:15
Yells: "Tikam Tikam can also" |
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Remembered vividly around middle of last year, China's stock exchange regulator spend a few weeks to investigate & bring to task some stock manipulators.
In Singapore, it is already 1.5 years or 18 months since the ABL saga and still so silent on their investigation. That's not really a 1st World standard in efficiency and nothing much is done here so far to protect innocent retailers from syndicates and market manipulators who literally can control where prices should head to. Good news price can plunge, bad news price can surge.
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tobias_i_d
Senior |
06-Jun-2015 09:55
Yells: "Good technicians don't eat heads and tails." |
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Singapore SEARAINBOW Holdings Corp - a stock highlighted in a recent Bloomberg article as amongst the most expensive stocks trading on the Shenzhen Exchange in terms of PE - is priced at around 10,000X earnings. Clearly it is a product of the bubble in Chinese equities. The thing is though, that even when this stock was trading at a PE of 5000X a little while back, it would have been classified as expensive. Yet it continued on, managing to double in valuation over a short time. ----------- Above mentioned situation is far worse than our ABL saga before they crashed. The lesson learnt after they crashed and STI modest-to-moderate performance ever since is that, in my own view, either the Singapore market or the market regulator is not ready to handle or deal with such extreme (unlike our China, US counterparts). Lets just hope that when the China bubble bursts (heaven knows when), those bb' s and syndicates return to our lovely STI again. |
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WanSiTong
Supreme |
06-Jun-2015 08:05
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&bull Dow -0.31% 17,849.46 / -56.12
&bull Nasdaq + 0.18% 5,068.46 / +9.33 &bull S & P -0.14% 2,092.83 / -3.01 Strong jobs report gives Wall St. second straight losing week The Dow and S& P 500 eased on Friday as increasing expectations the Federal Reserve could raise rates as soon as September offset optimism over a recovery in the U.S. labor market. Stronger-than-expected jobs data for May and a pickup in wages were the latest signs of better momentum in the economy. Wall Street' s top banks said they expect the Fed to begin raising interest rates in September, followed by another increase before the end of the year, according to a Reuters poll. " The market is excited about stronger jobs and higher wages, but before (investors) can pop the cork of the champagne bottle, they start thinking about the hangover, which is higher interest rates," said Eric Kuby, chief investment officer at North Star Investment Management in Chicago. " I think everyone is just waiting to see what happens when rates do start to rise." The S& P utilities index .SPLRCU, which includes top dividend payers that tend to fall as prospects for higher rates rise, was down 1.3 percent and among the weakest-performing sectors. The U.S. benchmark bond yield hit its highest since October. S& P financials .SPSY, which benefit from higher rates, were up 0.6 percent, among the day' s best performing sectors, while the S& P energy index .SPNY added 0.7 percent. Energy shares bounced with oil prices. The Dow Jones industrial average .DJI fell 56.12 points, or 0.31 percent, to 17,849.46, the S& P 500 .SPX lost 3.01 points, or 0.14 percent, to 2,092.83 and the Nasdaq Composite .IXIC added 9.33 points, or 0.18 percent, to 5,068.46. For the week, the S& P 500 fell 0.7 percent, its second straight week of losses, the Dow was down 0.9 percent and the Nasdaq was down 0.03 percent. The Fed has kept overnight rates near zero since December 2008 because the economic recovery has been slow. Cheap credit, however, has helped bolster the U.S. stock market. New York Fed President William Dudley said he was concerned the economy may not be growing fast enough to absorb the slack among workers sidelined by the financial crisis. Still, Dudley said he expects the Fed would be in a position to raise rates later this year. Boosting the Nasdaq, shares of Regeneron Pharmaceuticals Inc (REGN.O) rose 4 percent to $539.40 after a preliminary FDA review of an experimental drug it makes with Sanofi SA (SASY.PA). Among decliners on Friday were gold miners, which dropped along with gold prices. Shares of Newmont Mining (NEM.N) were down 3.3 percent at $25.91. Zumiez (ZUMZ.O) dropped 19.3 percent to $24 as it estimated current-quarter profit and revenue below analysts' expectations. NYSE decliners outnumbered advancers 1,629 to 1,426, for a 1.14-to-1 ratio on the Nasdaq, 1,782 issues rose and 962 fell, for a 1.85-to-1 ratio favoring advancers. The S& P 500 posted 16 new 52-week highs and six new lows the Nasdaq Composite recorded 117 new highs and 42 new lows. About 6.2 billion shares changed hands on U.S. exchanges, slightly below the 6.3 billion daily average for the last five sessions, according to BATS Global Markets. |
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risktaker
Supreme |
05-Jun-2015 17:17
Yells: "Posts are opinions. Do not take it as investment advise " |
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In my opinion, the stock market has a longer time constant than investors' patience. For example, regarding the dotcom bubble, it was as early as 1996 that Fed chairman Alan Greenspan warned of "irrational exuberance" and suggested that the US stock market was expensive. However, the stock market (as measured by S&P500) didn't peak until Q1 2000. That's 4 years. From there, it didn't bottom out until Q1 2003. That's another 3 years. http://www.quora.com/Will-there-be-a-stock-market-crash-in-2015 Dont dream that the market will crash in 2015... it wont so get ready to load the market... |
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risktaker
Supreme |
05-Jun-2015 16:55
Yells: "Posts are opinions. Do not take it as investment advise " |
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I do believe the bull will carry on for another year or so.... join the party before too late... | ||||
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risktaker
Supreme |
05-Jun-2015 16:53
Yells: "Posts are opinions. Do not take it as investment advise " |
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NEW DELHI: The bull market is here to stay for another 12-18 months, feels Steve Brice, Chief Investment Strategist at Standard Chartered Bank. In an interview with ET Now, the expert said that investors must look for opportunities in the market on every dip.
Brice is of the view that the global markets are headed for high volatility in the months to come. He believes that Greece debt issue would take the centre stage in the near-future. The StanChart's CFO sees extreme volatility between August-end and October. Brice believes that that US Fed may kick startinterest rate hikes in the month of September. The outlook on US interest rates is going to be crucial for global markets, he said. US stocks ended a tad lower on Tuesday as a jump in bond yields hit stocks of utilities and other top dividend-payers. Energy stocks gained. There was some optimism in the market amid hopes that Greece could seal a deal with creditors. The S&P utility index fell 1.4 per cent overnight, leading the losses among S&P sectors. The US long-dated Treasury debt yields rose to two-week highs overnight, Reuters reported. Utilities and other dividend-paying shares tend to compete with bonds as investments. http://m.economictimes.com/markets/stocks/news/bull-market-is-here-for-another-12-18-months-steve-brice-stanc/articleshow/47522596.cms |
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Demostation
Supreme |
05-Jun-2015 15:18
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They can google everyday and see what we are saying. Lol.
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Lionel84
Member |
05-Jun-2015 15:16
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what? Do they read our forums? lol
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Demostation
Supreme |
05-Jun-2015 15:11
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Actually we forumers are sometimes guilty of driving them away by saying so many bad things about out SGX, which we believe are hurting out pockets with so many rules that never favour us though in a sense is designed to protect us so that we don' t lose everything at once but alright to lose a bit at a time. Foreign funds are very sensitive to our locals thinking. Lol. |
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vivivava
Veteran |
05-Jun-2015 14:51
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seems like the foreign funds are leaving...all STI components are retreating quite heavily |
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risktaker
Supreme |
05-Jun-2015 14:40
Yells: "Posts are opinions. Do not take it as investment advise " |
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Greek... is draggy... but i think US will rally back.... becos they always do... always do the unexpected.... greek is such a small country and i do believe creditors will save greek as they want greek in euro....
Tonight jobs report will be watched.... major catalyst for market to rebound.... My view only.....
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