STI 2300 is crash level not correction level.
this imply Dow has crashed too.
2300 u dare to buy?How u derive 2300
Like Finally... waited 5 years for this time. In between made some losses but slowly accumulating my war chest for a showhand. STI no 2300 no buy. The strong fundamental counters with consistent profits and increasing profit margins will soar when market recovers.
I intend to buy visa, master, facebook, BAC( this one hold long, int rate up , this one to soar.) and a few, wish me luck. love to share.
no need to panic if u hold solid counter, sti follow HK and china, cos we are more expose to china. If not we will not be so jiat lat if we follow Wall st.
for now, small correction
if you hold small cap, no point selling, like CXES n Lian Beng, or Penguin or ??? just sit tight like my dear friend. vested only in CES myself 70c.for me I will buy slowly for my blue, st eng, comfort, OCBC n DBS. if you really got spare cash. I see correction, not crash. no reason to crash on economic slowdown,
ya, 2017, cos mkt is ahead by 1 yr for rate matter, I think likely 2018 crash. by then interest rate would be 4% close to 5%. i would sell all in mid 2017. I think now those brave guy buy now will be very happy come June.
i am still bullish on the short-term as china will (have to) take some drastic measures to support their market/economy...so i see this is a correction, rather a collapse.. collapse is still there, but later...2017 may be?
for now, small correction
if you hold small cap, no point selling, like CXES n Lian Beng, or Penguin or ??? just sit tight like my dear friend. vested only in CES myself 70c.for me I will buy slowly for my blue, st eng, comfort, OCBC n DBS. if you really got spare cash. I see correction, not crash. no reason to crash on economic slowdown,
if you hold small cap, no point selling, like CXES n Lian Beng, or Penguin or ??? just sit tight like my dear friend. vested only in CES myself 70c.
for me I will buy slowly for my blue, st eng, comfort, OCBC n DBS. if you really got spare cash. I see correction, not crash. no reason to crash on economic slowdown,
2300 u dare to buy?
How u derive 2300
Like Finally... waited 5 years for this time. In between made some losses but slowly accumulating my war chest for a showhand. STI no 2300 no buy. The strong fundamental counters with consistent profits and increasing profit margins will soar when market recovers.
STI approaching 2011 Euro crisis level.
Asian Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
Australia ASX All Ordinaries | Australia | -77.50 | -1.54% | 4,964.10 | 12:10am ET |
 |
Shanghai SE Composite Index | China | +25.71 | +0.87% | 2,975.31 | 1:03am ET |
| |
Hang Seng | Hong Kong | -102.53 | -0.51% | 19,826.35 | 1:03am ET |
| |
Mumbai Sensex | India | -112.25 | -0.45% | 24,741.86 | 1:03am ET |
| |
Nikkei 225 | Japan | -470.54 | -2.66% | 17,245.09 | 12:58am ET |
| |
Taiwan TSEC 50 Index | Taiwan | -81.73 | -1.04% | 7,742.88 | 12:33am ET |
Noon Market
STI slips 1.77% to 2,648.83 at midday
January 14, 2016: 12:16 PM
Singapore equities slumped at noon on Thursday, amidst a rout in Asian markets on weaker Japanese core machinery orders, protracted investor worries over China, and reports of explosions in Indonesia.
By 12.48pm, the Straits Times Index shed 1.77% to 2,648.83. Market breadth was negative. Excluding warrants, decliners outnumber gainers 303 to 56.
The Straits Times Index (STI) traded between 2,642.01 and 2,663.51, after opening 1.54% lower at 2,655.05.
A total of 629.5 million shares worth $ 625.3 million changed hands, giving an average price of about 99 cents per share for the entire market.
Asia-Pacific Strategic Investments (Valuation: 0.90, Fundamental: 1.25), China Sports International (Valuation: 0.90, Fundamental: 1.65), SingHaiyi Group (Valuation: 2.00, Fundamental: 1.30), LifeBrandz (Valuation: 0.00, Fundamental: 2.25) , and Noble Group (Valuation: 1.80, Fundamental: 0.35) were among the most actively traded counters.
Among STI components, Singapore Airlines (Valuation: 1.40, Fundamental: 1.65) rose 0.6% to $ 11.12, while SATS added 0.5% to $ 3.88 Meanwhile, Keppel Corp. (Valuation: 2.40, Fundamental: 1.30) plunged 5.8% to $ 4.89, while Noble Group tumbled 4.6% to 31 cents.
Ezra Holdings (Valuation: 1.10, Fundamental: 0.45) plummeted 3.8% to 7.5 cents The offshore contractor posted a loss of US $ 55.3 million for 1QFY2016 ended Nov, amidst a challenging market for offshore marine and subsea companies due to the depressed state of the. oil and gas industry.
Asia-Pacific Strategic Investments jumped 16.7% to 0.7 cent, after a trading halt on its shares was lifted. The company has entered into a deal to buy a Chinese real estate company for $ 33.3 million.
SingHaiyi Group climbed 1.8% to 11.4 cents. The property developer was queried by the Singapore Exchange over unusual trading activity in its shares.
i am still bullish on the short-term as china will (have to) take some drastic measures to support their market/economy...
so i see this is a correction, rather a collapse.. collapse is still there, but later...2017 may be?
agree....unfortunately ...the oil drop ..Dow crash ...bomb ....China Yuen is MUCH louder and published everywhere.
that is why when the dust settled and blue sky appear ...it will be interesting.
( but some will still say ...dead car bounce....or whatever. ) ...so most important is DYODD and buy or hold within your ability.
Is the crash in the spore mkt illusory or real? Volume is so thin n people can do all sorts of monkey tricks. Take Creative Tech for example. Today, drop 5.5c (or nearly 5%). But only 150 shares transacted. The modus operandi - widen the buy - sell gap, then throw a few shares to the buyer (just like throwing a a tiny crap of food scrap to a dog). Mkt participation here is so thin n dead. No dirty trick seems impossible. So, is this a real fear-evoked meltdown or illusory, artificially conjured up crash? Decide for urselves.
No, but this is as much as I' d say to keep within ob markers. Still, I note that they are not short of winning awards.
Do you expect them to draw a report with a dragon and tiger (画 龙 画 虎 ) or...
add oil add vinegar (加 油 加 醋 ) in this type of report?
Lol!
Local media so horrible. Give this kind of regurgitated bland rpts day in, day out, yet surviving super well. That' s why I think parent coy will always be super solid.
Do you expect them to draw a report with a dragon and tiger (画 龙 画 虎 ) or...
add oil add vinegar (加 油 加 醋 ) in this type of report?
Lol!
Local media so horrible. Give this kind of regurgitated bland rpts day in, day out, yet surviving super well. That' s why I think parent coy will always be super solid.
Stocks To Watch
Ezra, ST Engineering, Cambridge Industrial Trust, Frasers Hospitality, Viva Industrial Trust, Lian Beng, Duty Free
January 14, 2016: 8:17 AMHere are some stocks to watch this Thursday morning.
Ezra Holdings (Valuation: 1.10, Fundamental: 0.45) reported a 1Q net loss of US $ 53.7 million ($ 77.2 million), compared to earnings of US $ 60.6 million the year before The group cited lower gross profit and higher expenses amid a challenging market as. reasons for its loss. Overall, revenue increased 19% to US $ 152.3 million, mainly due to higher sales from marine services division. Ezra closed 1.3% lower at 7.8 cents on Wednesday.
ST Engineering (Valuation: 1.50, Fundamental: 2.10) said on Wednesday it has secured $ 435 million worth of contracts in the last quarter of last year The contracts were secured by its electronic arm, ST Electronics, for Rail Electronic & Transportation, Satellite & . Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions. ST Engineering closed at $ 2.90.
Cambridge Industrial Trust (Valuation: 3.00, Fundamental: 1.40) ' s 4Q DPU posted a 9% fall to 1.139 cents from 1.252 cents a year ago The drop was due to a change in form of payment of management from units to cash as well. as the absence of capital distribution compared to 4Q14. For the full year, DPU fell 4.2% to 4.793 cents from 5.004 cents a year ago due to lower distributions from capital and capital gains. Units of CIT last closed at 55 cents.
Frasers Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint (Valuation: N / A, Fundamental: N / A), has launched its first gold standard serviced residence in Switzerland The opening of the 67-unit Fraser Suites Geneva brings Frasers Hospitality' s. portfolio in Europe to 55 properties. Frasers Centrepoint closed at $ 1.625 on Wednesday.
Eindec Corporation, the clean air solutions provider, says its placement of 35.8 million shares at 21 cents each were fully subscribed by noon on Wednesday, raising $ 7.5 million from its IPO Chinese property developer Weiye (Valuation:. N / A, Fundamental: N / A) will maintain its 66.8% stake after the placement. Eindec will begin trading on Jan 15 on Catalist.
Viva Industrial Trust (Valuation: 2.00, Fundamental: 1.80) says it has completed the acquisition of two light industrial properties, and a third property acquisition is expected to be completed in 1Q2016 The new properties will raise its portfolio value to about $ 1.2 billion.. The counter closed at 69.5 cents.
Construction company Lian Beng' s 1H.. (Valuation: 3.00, Fundamental: 1.50) earnings rose 55.4% to $ 55.1 million Revenue was down 27.7% at $ 265.6 million, due to a decrease in revenue from construction and ready-mixed concrete segments Lian Beng closed at 49.5 cents.
Duty Free International (Valuation: 1.50, Fundamental: 2.10) ' s 3Q earnings increased 64.7% to RM16.8 million ($ 5.5 million) on the back of improved revenue Revenue rose 12.5% to RM152.9 million, mainly from selling duty free. goods, as well as non-dutiable merchandise. DFI closed at 31 cents.
Markets
US stocks tumbled on Wednesday to their lowest close since September and oil prices gave up an early rally on mounting worries about the global economy. The Dow Jones industrial average fell 364.81 points, or 2.21%, to 16,151.41, the S & P 500 lost 48.4 points, or 2.5%, to 1,890.28 and the Nasdaq Composite dropped 159.85 points, or 3.41%, to 4,526.07.
The Straits Times Index (STI) ended the day 0.18% higher at 2,695.50. Gainers outnumbered decliners 208 to 201. A total of 1.11 billion shares worth about $ 1.16 billion changed hands, giving an average of $ 1.05 per share for the entire market.
if they can artificially push it down, they can artificially push it up too....i' m waiting ...
Is the crash in the spore mkt illusory or real? Volume is so thin n people can do all sorts of monkey tricks. Take Creative Tech for example. Today, drop 5.5c (or nearly 5%). But only 150 shares transacted. The modus operandi - widen the buy - sell gap, then throw a few shares to the buyer (just like throwing a a tiny crap of food scrap to a dog). Mkt participation here is so thin n dead. No dirty trick seems impossible. So, is this a real fear-evoked meltdown or illusory, artificially conjured up crash? Decide for urselves.
