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STI to cross 3000 boosted by long-term investors

Integrity
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19-Mar-2010 09:03

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Penny stocks are due for a rally, grab some before the boat leave.

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ozone2002
Supreme

19-Mar-2010 08:57

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STI overbought..

technicals diverging on rising prices..

short ah! put warrant..huat ah!

matter of time for pullback

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solar2008
Senior

19-Mar-2010 08:45

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Yes but will correct. Yesterday is Day 1

iPunter ( Date: 19-Mar-2010 08:36) Posted:

The market tide appears to be rising...

A rising tide is due to money flowing into the market... starting the first quarter of the year...
Much of this money is 'new' money coming from those who sold high barely a few months ago.
And this money is made at the expense of those who held on all the way down or sold low recently... Smiley

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iPunter
Supreme

19-Mar-2010 08:36

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Bon3260
Supreme

19-Mar-2010 08:25

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Yells: "Ooo Ooo Aaa Aaa!"

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Btw, u r not dat 95.8FM Expert Yan Zhi Wei rite???

('',)

Bon3260 ( Date: 19-Mar-2010 08:22) Posted:

Of cos buy Mid & Small Caps today late aftnoon & sell nxt wk lor...

Nxt wk, Blue Chips no more meat liao... Mid & Small Caps' turn'll b cming...

('',)

Zhiwei ( Date: 18-Mar-2010 18:02) Posted:

Hi Bon, what would be the market trend tomorrow and next week?

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Bon3260
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19-Mar-2010 08:22

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Of cos buy Mid & Small Caps today late aftnoon & sell nxt wk lor...

Nxt wk, Blue Chips no more meat liao... Mid & Small Caps' turn'll b cming...

('',)

Zhiwei ( Date: 18-Mar-2010 18:02) Posted:

Hi Bon, what would be the market trend tomorrow and next week?

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HLJHLJ
Veteran

19-Mar-2010 00:27

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True indeed. I remembered before they combined, I told my EU friend that it won't work. It would crash! However, EU$ went up after combining. So I was wrong then. Now I see it is cracking.. Maybe not wrong after all, time will tell.

It will work only if they regulate and fine tune. But how to regulate if all are family members. Imagine rich and poor siblings in 1 family....Chaos.
I don't think EU concept will work in the long run. I think they will be another fiasco coming in some years to come..Yet to see.

boyikao3 ( Date: 18-Mar-2010 17:23) Posted:

The Euro will not be around in 20 years time from now. But it won't happen overnight, so for those who are holding euro, relax and unload them bit by bit over the next few years into strength. It is a very attractive concept to have a common currency that leveraged on one another's strength. But there is a Chinese saying that means it is always easier to share good fortune, than to share toubled times and woes together. I think that is why Asian countries have always resisted the lure to have a common currency. The euro was formed at the peak of world economy 10 years ago amidst sentiments that the world "can only get better and not worst". Now, Greece is only one of the union countries to go under and already, the foundation is shakened. What about the othe PIIGS countries which will be goin under the knife in near future? Both ways are dead ends - either to help or not to help. Because to help means Euro will be devalued and the powerful EU countries dun want a cuurency with less purchasing power. Not to help means Euro has to be abandoned. Wat will you do?

renn_77 ( Date: 18-Mar-2010 14:57) Posted:

Any comments on the following news with regards to European Union may not be aiding Greek ? I believe this may cause some earthquake to indices either later part of today or tomorrow

By James Poole

March 18 (Bloomberg) -- The euro weakened against the dollar and the yen for a second day as a Greek official was cited as saying the country had little hope of aid from a European Union summit next week and may seek help from the International Monetary Fund. Asia shares and crude oil dropped.

The euro fell to $1.3680 per dollar as of 3:29 p.m. in Tokyo from $1.3738 yesterday in New York. The MSCI Asia Pacific Index lost 0.3 percent to 124.59, declining for the first time in three days, and Standard & Poor’s 500 futures were down 0.2 percent. Crude oil dropped 0.8 percent to $82.28 a barrel.

While Greek government proposals to reduce its deficit led S&P to affirm Greece’s investment-grade credit rating on March 16, Michael Meister, the chief finance spokesman for German Chancellor Angela Merkel’s party, has said attempting a Greek rescue without the IMF “would be a very daring experiment.” The country may seek aid from the IMF over the April 2 to April 4 Easter weekend, Dow Jones said today, citing a senior Greek official it didn’t name.

“Fundamentally the euro will be undermined by the situation, even though there may not be a complete sovereign default by Greece,” said Derek Mumford, a Sydney-based senior consultant at HiFX, a foreign exchange risk management firm. “The euro-zone will have low growth and the euro will suffer.”

The yen strengthened to 123.35 per euro in Tokyo from 124.06 yesterday in New York. The Japanese currency snapped a two-day drop against the Australian dollar after Chinese newspaper reports indicated the nation, the fastest-growing major economy, is trying to quash land and currency speculation.

Risk Aversion

“Worries over further monetary tightening in China and political discord within Europe over a rescue package for Greece are sparking risk aversion,” said Lee Wai Tuck, a currency strategist at Forecast Pte in Singapore. “This is leading to buying in the yen and the dollar and selling of the euro.”

China has banned banks from lending to developers found to be hoarding land or holding back sales of apartments to wait for higher prices, the China Securities Journal said today, citing an unidentified source.

Yuan forwards snapped a three-day decline after a trade group said the government is testing the ability of companies to withstand a stronger currency. China is conducting yuan stress tests for 12 industries, Zhang Wei, vice chairman of the China Council for the Promotion of International Trade, said at a briefing in Beijing today. The yuan’s 12-month forwards gained 0.1 percent to 6.6650. The contracts reflect bets the currency will strengthen 2.4 percent from the spot rate of 6.8264.

Intervention Speculation

Asian currencies declined from near their strongest levels since 2008 on speculation central banks will intervene to damp appreciation that may hurt exports. The South Korean won dropped 0.2 percent to 1,130.90 per dollar. Central banks intervene in the currency markets by arranging purchases or sales.

“There’s some rumors that the Bank of Korea has been in the market,” said Gerrard Katz, head of foreign-exchange trading at Standard Chartered Plc in Hong Kong. “Fundamentals still point to a lower dollar against Asian currencies.”

Credit risk is declining as Australia & New Zealand Banking Group Ltd., the third-largest bank in Australia, said domestic corporate lending was increasing for the first time in a year.

The Markit iTraxx index for Japan and its Asia counterpart fell 1 basis point to the lowest level since the middle of January. More shares fell than gained on the MSCI Asia Pacific Index, which has advanced 3.4 percent this year. Japan’s Nikkei 225 Stock Average lost 1 percent.

Toshiba, Westfield

Toshiba Corp., Japan’s biggest memory-chip maker, climbed 0.7 percent after research firm ISuppli Corp. said the company won market share last year. Westfield Group, the world’s largest owner of shopping malls by market value, gained 2.2 percent in Sydney after Deutsche Bank AG upgraded the stock. Mitsui Fudosan Co., Japan’s largest developer, dropped 2.4 percent after a downgrade from Morgan Stanley.

A combination of record mutual fund inflows and the world’s fastest economic growth are failing to lift shares in the largest developing nations with valuations at the highest level versus advanced countries since at least 1995.

Emerging-market stock funds lured $86.6 billion in the year through January, the most in 14 years of data, according to Cambridge, Massachusetts-based researcher EPFR Global. MSCI’s developing nation index slid 2.2 percent from this year’s peak on Jan. 11 and pared an 80 percent rally in the previous 12 months that sent its price-to-book ratio to a record 17 percent over the MSCI World Index, data compiled by Bloomberg show.

Crude Oil, Copper

Crude oil declined as the dollar gained and a government report showed fuel demand dropped and crude supplies rose in the U.S. The Organization of Petroleum Exporting Countries, supplier of about 40 percent of the world’s oil, agreed to keep its production limits unchanged for a fifth meeting. It cut quotas by a record 4.2 million barrels a day in late 2008 when global demand collapsed because of the recession.

Copper for three-month delivery dropped 0.8 percent to $7,476 a metric ton.

To contact the reporter for this story: James Poole in Singapore jpoole4@

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WLBO_BB
Master

18-Mar-2010 23:59

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market no strength, i also no strength to post here.... so sian...

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dealer0168
Elite

18-Mar-2010 23:10

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hehe.....maybe hui-kuang-fang-zhao.

iPunter ( Date: 18-Mar-2010 22:41) Posted:

How do you explain many loss-making counters also cheonged till very high? Smiley

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KiLrOy
Master

18-Mar-2010 22:44

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Stock prices are forward looking.

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iPunter
Supreme

18-Mar-2010 22:41

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How do you explain many loss-making counters also cheonged till very high? Smiley

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smartrader
Elite

18-Mar-2010 22:26

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pick up laggards which are profitable last year.. when broader market moves up, say, STI at 3200...they will move as well..

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dealer0168
Elite

18-Mar-2010 22:00

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Haha quite truth that we should not intepret it as going fr water counter.

But UtdEnvirotech is a good FA counter besides being a water counter. Thus no harm going for it.

Cheers man

Livermore ( Date: 18-Mar-2010 21:38) Posted:

These are not new facts

dealer0168 ( Date: 18-Mar-2010 21:35) Posted:

Go for water relate counter UtdEnvirotec

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iPunter
Supreme

18-Mar-2010 21:59

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When we talk about stocks, we must talk in the context of current price...

The price level is different from month to month,

and from quarter to quarter...

Thus a stock can be very high six months ago, but today may still be only half its high price (thus pok!)... Smiley

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lowchia
Veteran

18-Mar-2010 21:59

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On 18/Mar, Singapore shares closed slightly weaker following a report that Greece may seek financial help from the International Monetary Fund.

Thus STI has been see-sawing today between the “Green or Red” line since there are limited upside for STI and most investors prefer not to buy any stocks now especially as it approach an important technical resistance @ 2935.

My sentiments: STI is near to important resistance of 2935 and there is always a saying that you do not buy near the resistance. Instead we should buy at “breakout” on HIGH VOL, thus buying now is out but sell if the market swings down.

READ MORE

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iPunter
Supreme

18-Mar-2010 21:56

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You missed the point...

These stocks made a lot of people "pok!" for the past two months alone...

And they are not cheonging again yet since the big falls to about half-price now... Smiley

Livermore ( Date: 18-Mar-2010 21:37) Posted:

These facts are not new. I read about it long ago

dealer0168 ( Date: 18-Mar-2010 21:35) Posted:

Go for water relate counter UtdEnvirotec

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Livermore
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18-Mar-2010 21:38

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These are not new facts

dealer0168 ( Date: 18-Mar-2010 21:35) Posted:

Go for water relate counter UtdEnvirotech

iPunter ( Date: 18-Mar-2010 20:54) Posted:

Water treatment stocks will be tomorrow's the darling baobei cheongers...

hehehe... Smiley

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Livermore
Master

18-Mar-2010 21:37

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These facts are not new. I read about it long ago

dealer0168 ( Date: 18-Mar-2010 21:35) Posted:

Go for water relate counter UtdEnvirotech

iPunter ( Date: 18-Mar-2010 20:54) Posted:

Water treatment stocks will be tomorrow's the darling baobei cheongers...

hehehe... Smiley

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dealer0168
Elite

18-Mar-2010 21:35

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Go for water relate counter UtdEnvirotech

iPunter ( Date: 18-Mar-2010 20:54) Posted:

Water treatment stocks will be tomorrow's the darling baobei cheongers...

hehehe... Smiley

ozone2002 ( Date: 18-Mar-2010 17:31) Posted:

No WATER No Food..demand and supply imbalance..

better hurry buy agri-commodities and water stocks...

South China drought worsens, threatening crops

(AP) – 2 hours ago

BEIJING — Parts of southern China are suffering from the worst drought in decades, leaving millions of people with inadequate water and huge areas of farmland too dry to plant, state media reported Thursday.

The drought in the provinces of Yunnan, Guizhou, and Sichuan, as well as the Guangxi Autonomous Region and the city of Chongqing, has forced local governments to tap underground water sources and use cloud seeding to produce rain for agricultural production.

More than 20 million people throughout the southern region are dealing with water shortages and about 16 million acres (6.5 million hectares) of cropland are suffering from drought, the China Daily newspaper reported.

Yunnan province is experiencing its worst drought in 60 years, with at least 6 million people affected, according to a report on the China Meteorological Bureau's Web site. The drought has caused economic losses of 10 billion yuan (US$ 1.46 billion) in the province, mostly from lost crops or livestock, prompting the local government to pump water from sources hundreds of feet (dozens of meters) below ground, it said.

Meanwhile, more areas of China's Guangxi region have declared a state of emergency. Since late February, 16 more regions in Guangxi have been listed as affected, bringing the total to 77 regions, the Guangxi Meteorological Bureau said on its Web site.

The lack of rain has left tens of thousands of people without enough drinking water and may make it impossible for some to start spring planting, the bureau said. Calls to the bureau rang unanswered Thursday.

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iPunter
Supreme

18-Mar-2010 20:54

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Water treatment stocks will be tomorrow's the darling baobei cheongers...

hehehe... Smiley

ozone2002 ( Date: 18-Mar-2010 17:31) Posted:

No WATER No Food..demand and supply imbalance..

better hurry buy agri-commodities and water stocks...

South China drought worsens, threatening crops

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