Post Reply
5461-5480 of 5622
More upside coming, can look into it, maintain BUY.
Ronald K n gang in play....
spore1 ( Date: 16-Dec-2015 17:26) Posted:
|
Sometimes, I think it pays to switch to blue chips. When they chiong it, it' s really spectacular. But on the other hand, I kena burnt by this one before cos when they dumped it really it was merciless. Fundamentals-wise, solid counter, solid assets. But which direction it goes depends on bb one. Can' t fight them But personally, I don' t see 9.48 for now. Maybe if govt tweaks some of the control measures, then probably will pump up like no tmr. Or, if the bulls come clobbering the bears come 2016, maybe 9.48 got hope.
spore1 ( Date: 16-Dec-2015 17:26) Posted:
|
Why ramp up so much?Any news
Bro, at S$9.48 I sell house also want to use the money to short-sell
7.48** done alr
Yes agreed. Better to take some profit then to lose everything. I'm queued to sell at 9.48 too
Gd choice . May b Tonight FED int rate up Tmr this counter will go down. May b BB take profit and open short at the se time
BBbull ( Date: 16-Dec-2015 12:41) Posted:
|
Heavy resistance at 7.47-7.48. Better to take profit as this is just a technical reboud & not sustainable. Don't take a risk tmr as market expected to be volatile due to i/r changes. Sell sell sell!
Yesterday up pending announcement with Appha fund. News out so ..... sell?
spore1 ( Date: 16-Dec-2015 08:44) Posted:
|
Strong rebounce yest. Tdy may cont to head higher. Is good to lock in profit if u r into profit
spore1 ( Date: 14-Dec-2015 11:32) Posted:
|
Getting painful holding on. But will ride it out.
spore1 ( Date: 14-Dec-2015 11:32) Posted:
|
Seems like a hammer on the chart.Is ABT time to rebounce.But not sure it can sustain or not
- moving!
spore1 ( Date: 04-Dec-2015 17:50) Posted:
|
Property counters ' overly discounted' : UOB KayHian
02 Dec 2015 09:00
By Lynette Khoo
CONCERNS over the effect of a rise in interest rates on the property sector have been overblown and the stock market has " over-discounted" property counters for the headwinds in the residential segment, UOB KayHian says in its latest report.
Maintaining an " overweight" call on the property sector, its analysts, Vikrant Pandey and Derek Chang, said: " We expect a healthy 10-15 per cent correction (from the peak) in property prices beyond which prices should trend in line with GDP growth (1-3 per cent)."
But Singapore-listed developers are now trading near " undeserving crisis valuations" , they added. Their trading discount to revalued net asset value (RNAV) implies a much steeper 40-50 per cent correction in property prices from the peak of third quarter 2013.
Even by taking a draconian approach in their estimates of extension charges to be paid by developers under the Qualifying Certificate (QC) conditions, the analysts found that big developers remain relatively unscathed under a worst-case scenario.
Assuming that existing inventory remains unsold from now onwards, the sum of extension fees over three years that developers might pay for unsold condo units after two years from the projects' completion only represent 2-7 per cent of the book value of the big developers, UOB KayHian estimated.
Most of these bigger developers will be able to stomach the potential losses with sizeable cash. In contrast, some small and mid-cap developers face greater risk at 13-21 per cent of their book value.
In addition, developers are less sensitive to interest rate hikes than Reits since interest costs account for a small proportion of developers' overall development costs, and their RNAV is less sensitive to changes in the weighted average cost of capital due to a lack of terminal value (value of all future cash flows) assumptions in contrast to Reits.
Still, the heat is on some developers to move their inventory and some have taken more aggressive actions like bulk sales, transfer of shares, and other novel strategies to mitigate the impact.
In an earlier report in October, the same UOB KayHian analysts cited examples like Bukit Sembawang, which marketed 19 units in Paterson Suites with a guaranteed 5 per cent rental yield for four years or an outright discount of 10 per cent on the purchase price of each unit. " CapitaLand also resorted to offering aggressive discounts of 10-15 per cent to move units at D' Leedon. In addition, KOP Properties sold all 36 remaining units at Scotts Hamilton to Chinese firm Reignwood Holding."
UOB KayHian believes a key re-rating catalyst will be demand-side policy easing by the government, with the residential price correction a major parameter to focus on.
A " meaningful correction" - in the range of 12-15 per cent from the peak in Q3 2013 - should prompt the government to relax some of the property cooling measures, they said. " This could happen towards Q3 2016 or Q4 2016. This would be done to avert a downward price spiral and also to protect both banks and homeowners which typically have a 20 per cent equity buffer for mortgage loans."
Citing City Developments and Wing Tai as their top picks, UOB KayHian analysts said they prefer diversified developers with deep-value. For Wing Tai Holdings' completely unsold project Nouvel 18, a potential securitisation cannot be ruled out.
Also sticking to an " overweight" rating on Reits, the analysts noted that Reits continue to benefit from longer debt maturities with average interest costs at 2.7 per cent in Q3 2015, which is flat year on year.
With most Reits locking in longer-tenure debts and having 60-100 per cent of its borrowings on fixed interest rates, the impact of rising interest costs in the next 12-18 months will be muted, the analysts said. They cited Ascott Reit, CapitaLand Commercial Trust and Mapletree Logistics Trust as top picks for their risk-adjusted return potential.
" We expect a healthy 10-15 per cent correction (from the peak) in property prices beyond which prices should trend in line with GDP growth (1-3 per cent)."
UOB KayHian analysts Vikrant
Pandey and Derek Chang
I' ve exactly the same thought. The way the FTSE-STI is constructed, n used, especially by the local media n the authorities, to represent the direction n health of the local equity mkt, is really a big, big fallacy, nothing else. If we were to use the entire pool of stocks listed on this dead sgx, n remove all the changes that had taken place over the last yr, we' d probably be dumbfounded how much the mkt has crashed, really crashed. That really wld be the most accurate way to diagnose it the mkt here is suffering from terminal cancer. But the brilliant scholars here are not seeing things in the right perspective, n wld probably act only after the horses have bolted, so to speak.
fortunecat ( Date: 05-Dec-2015 22:33) Posted:
|
You can say that for a lot of stocks in STI for the past year. If STI index is consisted of all the stocks on average, i think it's 1500 already.
Ray12888 ( Date: 05-Dec-2015 21:43) Posted:
|
Yep, I liken it to a cancer where a lot of time a person does know it' s there until too late. I know cos I kena the same thing during to 2008 crisis. But when it rebounds, it cld also be spectacular. But can we last the distance? More importantly can we withstand the anxiety not knowing when light will shine again?
Ray12888 ( Date: 05-Dec-2015 21:43) Posted:
|
This type of stock is very dangerous.
Everyday, it just drift a bit lower without you feeling the pain.
After a while, the pain is too big for you to cut loss.
Ok gd luck.I think next wk will b a gd chance to catch lower before it bounce off.
Hoover ( Date: 04-Dec-2015 17:14) Posted:
|