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Ticket prices for Universal Studios theme park start from S$32

Channel NewsAsia - Thursday, November 19

SINGAPORE: Visitors are one step closer to visiting Southeast Asia’s first and only Universal Studios theme park opening at Sentosa’s Resorts World, now that ticket prices have been revealed.

Sale of tickets should not be too far on the horizon, with Resorts World Sentosa announcing on Wednesday its one—day, two—day and express pass ticket prices that range from S$32 to S$118 to access all attractions.

"We have pegged ticket prices for Universal Studios Singapore at an incredible value compared to major theme parks worldwide," said Shirly Chen, Vice President (Sales Development), Resorts World Sentosa.

The Universal Studios’ one—day pass on a weekday will cost S$66 for an adult and S$48 for a child, with seniors enjoying a special rate of S$32. The pass will cost S$72, S$52 and S$36 respectively for visits on weekends and public holidays.

And if you want to avoid the long queues, you can buy an express pass costing between S$30 and S$68 — on top of an admission pass.

The price is also attractive for tickets to visit the theme park over two consecutive days, with the highest tag being S$118 for an adult two—day pass.

"As Singapore’s IR, a place for every Singaporean, it is also our aim to reach out to everyone, not forgetting grandmas and grandpas," said Chen.

Resorts World Sentosa will open early next year, with four hotels, a casino and a host of shopping, dining and entertainment offerings, along with the Universal Studios Singapore theme park.

Ticket sales and room reservations will be launched at a later date, in conjunction with exclusive packages for a charity auction.

Universal Studios Singapore will feature 24 attractions, including the world’s biggest single collection of DreamWorks Animation attractions such as the world’s first Far Far Away Castle from the world of Shrek, Madagascar theme park ride and the world’s tallest dueling roller coaster.

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19-Nov-2009 15:22

Others / Singapore declares its recession over

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Related to CMA ipo?

nickyng ( Date: 19-Nov-2009 12:16) Posted:

Singapore declares its recession over

Singapore on Thursday declared a severe recession over as data showed its economy grew for the second straight quarter in the three months to September. Official data released Thursday showed gross domestic product (GDP) expanded 14.2 percent in the July-September period on a quarter-on-quarter annualised basis following a 21.7 percent surge in the previous quarter. "Effectively, the recession in Singapore is over," Ravi Menon, permanent secretary with the Ministry of Trade and Industry (MTI), said at a media briefing. "Economies around the world are now turning the corner... Singapore has benefited from these global and regional trends." Year-on-year, Singapore's GDP grew 0.6 percent in the third quarter compared with a 3.3 percent contraction in the April-June period, the MTI said in its third-quarter economic survey. The 0.6 percent annual growth in the July-September period was the economy's first positive showing since the third quarter of 2008, when the city-state slid into a recession. Growth in the third quarter was powered by the key manufacturing sector, which posted expansion of 26.6 percent on a quarterly basis following a 58.5 percent surge in the previous quarter, the ministry said. Other sectors also turned in a positive display including the wholesale and retail industries, which grew 10.8 percent after a 7.9 percent increase in the second quarter, it said. Wholesale and retail make up two-thirds of the economy. In its outlook for 2010, the ministry forecasted economic growth of 3.0-5.0 percent while maintaining its existing projection of a contraction of 2.0-2.5 percent this year. "Global economic developments suggest that the recession has ended in most countries," the ministry said in a statement accompanying the quarterly survey. "Singapore's economic outlook for 2010 will be closely linked to global conditions." The city-state's trade-reliant economy was the first in Asia to sink into a recession last year as the global downturn hit demand for its exports, especially from the United States. Its worst recession since gaining independence in 1965 took place in 2001 when GDP shrank 2.4 percent. The US economy's recovery from its recession will be key to Singapore's growth prospects, the ministry said. "The key economy to watch is the US. We see the recovery there continuing into 2010 but at a sluggish pace," said Menon. "We do not expect a collapse in US private demand, however... but private demand will nonetheless be sluggish," he said. The US economy, a major market for Asia's export-led economies including Singapore, has emerged from a prolonged recession that started in late 2007 as its GDP grew 3.5 percent in the July-September period. It was the world's largest economy's first economic expansion since the second quarter of 2008 but analysts have cautioned the recovery remained fragile.

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19-Nov-2009 15:18

Others / Is The Market Tiring? (From Another Angmo:-)

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He is right, noticeably, huge small cap funds flows to Asian region small cap and penny cap stocks, which caused divergence of DJI to Russell as he implicated. So I keep buying as much as I can penny stocks in SGX today onwards. ( I call it global rotational interest from DJI to Russell to SSE to SGX to Emerging market then now to SGX penny stocks!!!

erictkw ( Date: 19-Nov-2009 12:47) Posted:

Sam Collins

Is the Market Tiring?

by Sam Collins 11/18/09

The dollar rebounded early, but then gave back a good portion of the gains, and the market responded by taking back all of the losses and closing with a small plus.

Home Depot (HD) met earnings forecasts for Q3, then reduced estimates for Q4, but TJX Companies (TJX), Saks (SKS) and Pacific Sunwear (PSUN) all reported higher-than-expected earnings. Nevertheless, retailers still fell 1.4%.

By mid-afternoon, stocks were slightly positive, but then bounced back and forth until a modest rally in the last hour resulted in the small advance, and each of the major indices was able to make a new 2009 closing high.

Ford (F) stood out yesterday as the big winner, closeing at $8.98, up 3.10%.

At the close, the Dow was up 30 points to 10,437, the S&P 500 (SPX) gained a point to 1,110, and the Nasdaq (NASD) rose 6 points to 2,204.

With just 972 million shares trading on the NYSE, Chris Wolf, of Cogo Wolf Asset Management, was quoted by the Wall Street Journal saying, "When the volumes are this light, even though the prices are up, you feel like you are standing on a snow bridge in the spring."

On the NYSE, decliners were ahead of advancers by a margin of 16-to-13. Nasdaq traded 597 million shares with advancers ahead of decliners by 10-to-7.

December crude oil rose 24 cents to $79.14 a barrel, and the Energy Select Sector SPDR (XLE) closed at $58.67, off 10 cents.

Gold continued to move higher with the December contract up 20 cents to $1,139.40 an ounce. The PHLX Gold/Silver Index (XAU) rose $1.13, closing at $187.40.

What the Markets Are Saying

An article in yesterday's Wall Street Journal, titled "Divergence Is a Troubling Sign for Rally," discussed one of the early signs of a market that could be turning. As pointed out in the article, "In a robust rally, everything rises in tandem -- small caps, blue chips, etc. -- but when an unsound rally peaks, certain components start to diverge. That happened several weeks ago when small-cap stocks, which have led the March rally by a wide margin, started to sputter and large-caps took over leadership."

The article notes that since March 9 through mid-October, small-cap stocks represented by the Russell 2000 (RUT) rose by more than 80%, beating the Dow and the S&P 500 by more than 25%. But since then, both the Dow and the S&P 500 have been making new highs while the Russell has fallen under its 50-day moving average. And this was true until yesterday when the Russell closed above its 50-day moving average; however that's not really the point.

Small-caps are much more volatile because of lower capitalizations (fewer shares trading) and a host of other reasons. As we look back on the history of the Russell, it often outperforms and underperforms its senior cousins, and the diversions often last for long periods of time and are seldom of predictive value. And part of the reason for that is that comparing small-cap stocks with big caps is like comparing apples and oranges -- they both taste great but have a very different makeup.

However, there is a developing divergence that could have greater implications, and that is the divergence in the Dow's three main indices. The Dow Jones Industrial Average has been making new highs regularly. In fact, it made a new high yesterday along with the Dow Jones Transportation Average (DJT). However, the Dow Jones Utility Average (DJU) is diverging. The DJU hasn't made a new high since Oct. 19, and is barely holding above its 50-day moving average.

Most technicians would consider a divergence in the Dow averages to be a potentially important indication that the market is tiring. And our own internal indicators are saying the same.

For now this doesn't appear to be a significant problem, even though the DJU did make a lower low on Nov. 2 than the prior low on Oct. 2. But if it now fails to reverse course with a new high, the signal must be taken more seriously.

As noted yesterday, all of the major indices are overbought as measured by our internal indicators. It is time to be very cautious.

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19-Nov-2009 11:14

Federal Int / Laggard stock

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So should I switch this counter to CHINA JISHAN then?

mazimaz10 ( Date: 19-Nov-2009 11:10) Posted:

no wonder stock cannot go up 3rd Quater result no good loose money.......................

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19-Nov-2009 10:57

China Jishan / Jishan

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I am happy, today done price is Sgd. 0.07. Sign of share price recovery with its business strong recovery as well!!!

Hulumas ( Date: 18-Nov-2009 21:44) Posted:

I start queue buying more again tomorrow onward. Have you collected enough?

mortal_azazel ( Date: 23-Sep-2009 12:30) Posted:

Brother..... after reading so many of your posts .... JOIN you :)

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19-Nov-2009 10:53

China Jishan / From 2009 steady growth throughout the next decade

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Do not worry, I 'll join you on the second quarter of 2010 for accumulating Fuxing or even earlier!

risktaker ( Date: 19-Nov-2009 08:20) Posted:

too small cap like Fuxing lol i pump it i scared i become the Major Holder lol

Hulumas ( Date: 18-Nov-2009 21:50) Posted:

I start looking at CHINA JISHAN for adding up some portion again, tomorrow onward. I need another 10,000 lots to complete my accumulating process, who is next to join

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19-Nov-2009 10:49

China Jishan / From 2009 steady growth throughout the next decade

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Thank you my friend.

StarLine ( Date: 19-Nov-2009 02:33) Posted:

Sorry, I am full already.

But good luck in your accumulation.

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19-Nov-2009 10:47

Others / Don't say we didn't warn you this time ......

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My conclusion to Paul B Farrell comment recently is global capital market especially Asian regional capital market will decouple to US capital market totally, perhaps today onwards!!!!!!!!

teeth53 ( Date: 18-Nov-2009 23:29) Posted:

I find it a little funny. Y often we have to refer to Angmo to start a conversation ?.

erictkw ( Date: 18-Nov-2009 16:25) Posted:

Paul B. Farrell

Nov. 17, 2009, 12:01 a.m. EST ·

Wall Street's 2012 meltdown sweepstakes

Don't say we didn't warn you this time -- a new crash is dead ahead

By Paul B. Farrell, MarketWatch

LOS ANGELES (MarketWatch) -- It's coming in 2012: Another, bigger meltdown of Wall Street's "too-greedy-to-fail" banks. No, this is not another fanatical warning about that Dec. 21, 2012 end-of-days prediction based on the Mayan calendar, though you may well ask "Who will survive?"

Here is what's happening: History is repeating itself. Wall Street's soul-sickness is setting up a new meltdown. Dead ahead. Be prepared.

My track record speaks for itself. Back on March 20, 2000, my column headline read: "Next crash? Sorry, you'll never hear it coming." Bull's eye: The dot-com bubble popped at 11,722. The economy collapsed. A 30-month recession. Markets lost $8 trillion. Today the market is still below that 2000 peak. Factor in inflation and Wall Street's "too-greedy-too-fail" banks have lost about 30% of your retirement nest eggs in this decade. Incompetent? Clueless? No, Wall Street is a bunch of crooks without consciences.

Since 2000, my columns have covered many warnings of major debt accumulation, market meltdowns, and the psychological failings of Wall Street's greedy, myopic brains. Last June we summarized 20 predictions made between 2000 and 2007 warning of a subprime meltdown coming. Oddly, no one seemed to be listening to all the warnings from leading minds like Buffett, Grantham, Gross, Faber, Shilling, Roubini, Fed governors, and many more. Was that a repeat of 2000 with no one listening?

Suddenly it hit me: It's just the opposite: Everyone is listening and everybody knew a crash was coming -- but we were in a trance, including Washington's bosses. Bernanke, Bush, Paulson, Greenspan all heard it. So did Wall Street, and Main Street.

Unfortunately America's collective brain was addicted to the adrenaline rush of gambling in a risky bull. The euphoria is intoxicating. We were caught up in a game of musical chairs, squeezing out every last dollar of return, blind to the catastrophe ahead until caught by surprise. Unfortunately, Wall Street lacked a moral compass and stole trillions from American taxpayers. Today, the only lesson Wall Street has learned is "greed is good." Now the beginning of the end has become a moral tragedy that is setting the stage for an implosion of Wall Street, capitalism and our economy circa 2012.

Everyone's still listening, still in a trance

Yes, another meltdown is coming; it's inevitable. This time, I've decided to do more periodic updates -- a watch list of alerts, warnings and predictions. Just like the updates done for over a decade, except this time we're more aware that few in power will listen, not Wall Street, not Washington, not Corporate America. But you must.

Recently a bright idea came to me: a new way to present these predictions. My wife was working all day at a hospital in Templeton, Calif., so I parked myself in the Café Vio in nearby Paso Robles, with two huge briefcases of research files on bubbles, debt, derivatives, behavioral economics and lots more. While trying to make sense of the materials, the headlines themselves started telling a fascinating story. Here's an edited montage of their staccato warnings. Read fast and "feel" the message:

Financial Times: "Second Great Depression [is] still possible."

The economy's "spiral is captured in a Titanic metaphor ... unsinkable."

BusinessWeek: "Next bubble could come sooner than you think."

From Reinhart and Rogoff: "This time is different." But it never is.

Bloomberg: "Citi's 'near death' hoard signals lower profits."

Citi hoarding $244 billion in cash "as if another crisis were on way."

Wall Street Journal: "Three decades of subsidized risk."

Gasparino's "The Sellout:" Greed, mismanagement killed financial system.

SeekingAlpha: "Crisis lessons forgotten in new speculation."

We prop up trash stocks Fannie Mae, Freddie Mac, AIG; learned nothing.

USA Today: "Wall Street bailouts ... business as usual"

Warning: "Too big to fail" protections guarantee another crash down the road.

Boston.com: "Why capitalism fails ... why it will happen again."

Economist says American capitalism "contains seeds of own destruction."

MarketWatch: "Einhorn bets on major currency 'death spiral.'"

Hedger bet against Lehman. Now against dollar. Says "break up too-big-to-fail" banks.

Forbes: "Be prepared for worst ... repeating Great Depression."

Expect "GD2" says Congressman Ron Paul, author, "The Revolution," "End the Fed."

New Republic: "Next financial crisis coming; we made it worse."

Former IMF economist: "Bernanke soft landing, sowing seeds of next crisis."

Wall Street Journal: "The economy is still at the brink."

Moral hazard: No CEOs of failed banks indicted ... even paid millions.

BusinessWeek: "What happens if the dollar crashes?"

Trade wars break out, banks collapse. Cheap dollars are killing us.

Pimco Investment Outlook: "On the course to a new normal."

Gross's "new normal:" spending, stocks down, savings up, banks riskier.

Economix, New York Times: "Finance gone wild."

Simon Johnson: Wall Street's "pathological" power over Washington.

Vanity Fair: "Wall Street lays another egg."

Ferguson: "Math models ignored history, human nature," failed, repeating.

Clusterstock: "10 bubbles in the making."

Fed's toxic debt, gold, emerging markets, ETFs, China, securitization, more!

Rolling Stone: "The great American bubble machine."

Taibbi: Goldman's a giant vampire stealing trillions with "gangster economics."

Temasek Hedge: Roubini predicts bubble, hates equities.

Economist sees "bigger bubble than before" as Fed wastes taxpayer trillions.

CNN/HuffPost: "Wall Street made mess, big bucks on clean-up."

Michael Lewis says "they're too powerful ... we're in for day of reckoning."

Vanity Fair: "Wall Street's toxic message: capitalism failed."

Stiglitz: Wall Street writes self-serving rules, puts global economy at risk.

MarketWatch: "Wasting our chance to fix the banking system."

America's got a "banking system that's just a ticking time bomb."

Mother Jones: "Could cap'n'trade cause new meltdown?"

Yes, and Goldman sees huge profits if this $1 trillion market is created.

Fortune: "We owe what? The next crisis, America's debt."

Yes, "chronic deficits are putting America on the path to fiscal collapse."

Time: "America and its deficits: Are we broke yet?"

Justin Fox, author, "Myth of the Rational Market:" "We'll soon find out."

HuffPost.com: "Main Street jobs? First kill Wall Street jobs."

"Looting of America" author: Wall Street got rich destroying Main Street.

The Nation: "Creative destruction on Wall Street."

Greiner: They treats problem as "psychological," solved by "happy talk."

Kiplinger: New black swan triggers next financial crisis.

Money manager Bob Rodriquez: "Next bubble already growing."

The Atlantic: "Why Wall Street always blows it."

Blodget learned a lesson, but Street chief executives still clueless, no lessons learned.

Questions for today: Do you believe a new crash is coming in 2012, give or take a year? Will it trigger the "Second Great Depression?" And how big a factor is Wall Street's greed and lack of morals?

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19-Nov-2009 10:40

Straits Times Index / STI to cross 3000 boosted by long-term investors

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It could be wrong if you think DJ still will lead and guide global market movement by today onwards!!!

Bon3260 ( Date: 18-Nov-2009 23:24) Posted:

I din "suan" u lah. U think I'm so smart meh. If I smart enof, I'll win alot of monies in tis trading liao... ('',)

Looks like 2nite Dow'll fall over 190pts & abv ley... So tmr STI'll expect all red red liao lor...

iPunter ( Date: 18-Nov-2009 23:19) Posted:

Hahaha...

I am very happy to be 'suan' by junior, especially newbies...hehehe... Smiley

But sometime junior people can make a lot of money too...

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19-Nov-2009 10:37

China Jishan / Worth buying as the core holding right now!!!

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I am glad today done price at Sgd. 0.07 in the morning, up about 7.7% from previous closing price.

Hulumas ( Date: 18-Nov-2009 21:56) Posted:

Why is it non traded share though its business prospective is good?

freeme ( Date: 13-Apr-2009 12:54) Posted:

ya la.. but u see their pass vol.. all quite low als

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18-Nov-2009 21:56

China Jishan / Worth buying as the core holding right now!!!

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Why is it non traded share though its business prospective is good?

freeme ( Date: 13-Apr-2009 12:54) Posted:

ya la.. but u see their pass vol.. all quite low also

Hulumas ( Date: 13-Apr-2009 12:26) Posted:

Market in low volume is my opportunity for me to buy in big share of volume, while market in big volume in the future easilly let me releasing big volume of my holding then. Remember small volume now does not necessary mean small volume in the future and vice-versa

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18-Nov-2009 21:50

China Jishan / From 2009 steady growth throughout the next decade

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I start looking at CHINA JISHAN for adding up some portion again, tomorrow onward. I need another 10,000 lots to complete my accumulating process, who is next to join?

StarLine ( Date: 22-Oct-2009 13:14) Posted:

Both go up ... That is better.

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