Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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iPunter
Supreme |
18-Mar-2010 20:51
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Looks like the spring is winding up for many pennies to make a leap... ![]() |
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Zhiwei
Senior |
18-Mar-2010 18:02
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Hi Bon, what would be the market trend tomorrow and next week? |
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Bon3260
Supreme |
18-Mar-2010 17:43
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Today STI -5.36 & last 2,913.94. Healthy drop lah. Profit taking... It's normal. ('',) |
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ozone2002
Supreme |
18-Mar-2010 17:31
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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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boyikao3
Master |
18-Mar-2010 17:23
![]() Yells: "Money or reputation ?" |
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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?
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noobnoob
Senior |
18-Mar-2010 16:34
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Run from HI-P or run road from everywhere liao? Big diff leh... |
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Bon3260
Supreme |
18-Mar-2010 15:53
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They run rd liao... : (
H17 (Hi-P)
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renn_77
Member |
18-Mar-2010 14:57
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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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solar2008
Senior |
18-Mar-2010 14:40
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Expected. ppl start to pull back to profit taking. I am one
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investor04
Member |
18-Mar-2010 14:38
Yells: "free SMS stock alerts at WWW.STIUP.COM" |
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sti turns red.... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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solar2008
Senior |
18-Mar-2010 14:38
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This is an old news. Wonder why then published by the press.
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ozone2002
Supreme |
18-Mar-2010 14:05
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this time really BOOM!China in Midst of ‘Greatest Bubble in History,’ Rickards SaysBy Bei Hu March 17 (Bloomberg) -- China is in the midst of “the greatest bubble in history,” said James Rickards, former general counsel of hedge fund Long-Term Capital Management LP. The Chinese central bank’s balance sheet resembles that of a hedge fund buying dollars and short-selling the yuan, said Rickards, now the senior managing director for market intelligence at McLean, Virginia-based consulting firm Omnis Inc. “As I see it, it is the greatest bubble in history with the most massive misallocation of wealth,” Rickards said at the Asset Allocation Summit Asia 2010 organized by Terrapinn Pte in Hong Kong yesterday. China “is a bubble waiting to burst.” Rickards joins hedge fund manager Jim Chanos, Gloom, Boom & Doom publisher Marc Faber and Harvard University professor Kenneth Rogoff in warning of a potential crash in China’s economy. The government has raised banks’ reserve requirements twice this year after economic growth accelerated and property prices rallied. China has pegged the yuan to the dollar since July 2008 to help exporters weather the global recession. The central bank buys dollars and sells its own currency to prevent the yuan strengthening, driving foreign-exchange reserves to a world- record $2.4 trillion as of December. The Shanghai Composite Index of stocks jumped 80 percent last year and property prices rose at the fastest pace in almost two years in February, helped by a record 9.59 trillion yuan ($1.4 trillion) of new loans in 2009. ‘Massive Stimulus’ The World Bank indicated today that China should raise interest rates to help contain the risk of a property bubble and allow a stronger yuan to help damp inflation expectations. The nation’s “massive monetary stimulus” risks triggering large asset-price increases, a housing bubble, and bad debts from the financing of local-government projects, Washington-based World Bank said in a quarterly report on China released in Beijing. “People making comments about bubbles possibly don’t have all the facts,” HSBC Holdings Plc Chief Executive Officer Michael Geoghegan said in Shanghai today. Regulators are in control of the banking industry, and have the ability to curb lending as needed, he said. Rickards said leveraged speculation in the stock market, wasteful allocation of resources by state-owned enterprises, off-balance-sheet debt through regional governments and the country’s human rights record are concerns. “Take Russia and China together, neither of them is really deserving any investment” except for short-term speculation, Rickards said. India and Brazil are two of the “real economies” among the developing countries, he said. Hard Landing China is poised to overtake Japan as the world’s second- largest economy this year, according to the International Monetary Fund, and Nomura Holdings Inc. forecasts it will contribute more than a third of global growth. The nation has surpassed the U.S. as the world’s largest auto market and Germany as the No. 1 exporter. Harvard’s Rogoff said Feb. 23 that a debt-fueled bubble in China may trigger a regional recession within a decade, while Chanos, founder of New York-based Kynikos Associates Ltd., predicted a slump after excessive property investments. Investors Bob Doll and Antoine van Agtmael say China’s stock market isn’t a bubble. Equities will gain by the end of the year as the government takes measures to prevent the economy from overheating, Doll, BlackRock Inc.’s chief investment officer for global equities, said on March 5. China is unlikely to face “chaos” or experience a hard landing, Van Agtmael, who helps manage $13 billion as chairman and chief investment officer of Emerging Markets Management LLC, said in a Bloomberg Television interview yesterday. Lending Slowdown The Shanghai Composite Index is valued at 32 times reported earnings, compared with 52 times at its peak in October 2007. The U.S. benchmark Standard & Poor’s 500 Index trades at 19 times earnings. China’s economic growth quickened to 10.7 percent last quarter, helped by a 4 trillion yuan, two-year stimulus plan for railways, airports and homes. Property prices in 70 cities rose 10.7 percent from a year earlier in February. Bank loans slowed to 700 billion yuan last month after surging more in January than the previous three months combined, central bank data showed. Growth of the broadest measure of money supply, or M2, slowed for a third month to 25.5 percent. ‘Very Sound’ The banking industry has “very low impairment charges compared to what you’d expect this time in the cycle,” HSBC’s Geoghegan said. “I wouldn’t be surprised if there’s a gradual increase in impairments, but long term I’m confident that the structure of the banking industry is very, very sound.” Rickards disputed an argument that China could hold U.S. policies hostage through its Treasuries holdings. The nation remained the largest overseas owner of U.S. debt after trimming its holdings by $5.8 billion in January to $889 billion. China would suffer massive losses if the debt was dumped, reducing the funds available in the U.S. securities market and forcing the prices lower, he said. The U.S. president also has the authority, rarely used, to freeze such positions, he said. Rickards worked for LTCM between 1994 and 1999 and helped to negotiate its rescue by 14 Wall Street firms after the fund lost $4 billion in a few weeks in 1998. The Federal Reserve brokered the bailout on concern that LTCM’s collapse would cause a meltdown in financial markets. |
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ozone2002
Supreme |
18-Mar-2010 14:01
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after lunch sti got indigestion? suddenly drop.. |
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yummygd
Supreme |
18-Mar-2010 13:16
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ehy swing media wanna list in hong kong is it?? if yes does it mean can buy?? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bon3260
Supreme |
18-Mar-2010 12:45
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I set 0.625 buying GuocoLeisure... I think cnt get liao. Unless my Maid agree 2 increase my Cr limit... : (
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des_khor
Supreme |
18-Mar-2010 11:11
![]() Yells: "Tell me who is the God or MFT from this forum??" |
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I'm just a silver fish which like swim a great big ocean there....
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solar2008
Senior |
18-Mar-2010 10:50
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Unless u belong to a institution else. The rally are push up by them.
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des_khor
Supreme |
18-Mar-2010 10:35
![]() Yells: "Tell me who is the God or MFT from this forum??" |
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Everyday 50/50....
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Hulumas
Supreme |
18-Mar-2010 10:32
![]() Yells: "INVEST but not TRADE please!" |
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Is no body buying? Are you sure?
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des_khor
Supreme |
18-Mar-2010 10:30
![]() Yells: "Tell me who is the God or MFT from this forum??" |
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If nobody is buying where to come a rally ???
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