STI was at 2070.15 on 3 Jan 2005 and closed 2,347.34 on 30 Dec 2005. An increase of 13.4% for year 2005. 2005 is also a year that this blog was set up to record all the news of the share and IPO that interest us. Ever since the blog was setup, I found that my trading activities has increase compared to the rest of the years. News and discussion really increase the trading activities and furthermore, we have more discussion on shares among three of us. Let hope Year 2006 continue to see improvement in Singapore stock market. I think there will be election in Singapore in Year 2006 and project like IR and Singapore trying to increase the tourism activities in Singapore. Let hope STI continue to improve it performance.
Showing posts with label STI. Show all posts
Showing posts with label STI. Show all posts
Wednesday, January 04, 2006
Thursday, December 22, 2005
STI @ 2323.66
STI closed at 2300.25 at end of Nov and it has been rising to 2323.66 when it closed today. Year 2005 is coming to a end and let hope STI continuing it run till end of the year and mantain its stream till next year. There are around eight IPOs that close application this month and only two that interest us is Genting and SP Ausnet. Genting managed to rise around 8% during the first day of debut but SP Ausnet is still below its IPO since the day it has started trading this month. For more posting regarding these two IPOs, you can track the news at this forum.
A Merry Christmas and a Happy New Year to you. Thank for the support.
Wednesday, November 02, 2005
Start of Nov Trading Month
Well, today is the first trading day of November in Singapore market and the market has react in a positive manner (STI is up by 30.21 in the morning session trading). We finally can said good bye to October. STI was 2305.14 on 30 Sept 2005 and it end at 2216.77 on 31 Oct 2005. A drop of 88.37 points. Is it true that October always caused the Singapore market to drop. I decided to check the STI record for the past 6 years and the following are the results I get:
2005 2305.14(Sept) 2216.77 (Oct) -88.37
2004 1984.74(Sept) 1980.69(Oct) -4.05
2003 1630.80(Sept) 1723.71(Oct) +92.91
2002 1352.30(Sept) 1463.37(Oct) +111.07
2001 1319.53(Sept) 1367.84(Oct) +48.31
2000 1997.03(Sept) 1976.54(Oct) -20.49
Well, it is a tie between the last past 6 years. So the conclusion is never time the market. Trust your own research.
Wednesday, August 24, 2005
STI : BT
BT, Published August 24, 2005
Range-bound trading ahead for STI
SHORT-TERM stability has returned to the market in the past week as the Straits Times Index steadied itself near the 60-day moving average. Considering that the corporate earnings season is drawing to a close, we believe the index is likely to remain range-bound in the weeks ahead
Range-bound trading ahead for STI
SHORT-TERM stability has returned to the market in the past week as the Straits Times Index steadied itself near the 60-day moving average. Considering that the corporate earnings season is drawing to a close, we believe the index is likely to remain range-bound in the weeks ahead
Interest will likely gravitate towards companies that have delivered on the earnings front with strong growth prospects. Another factor to watch is oil prices, whose rising trend in recent weeks has been a debilitating factor to the equities market. While market watchers expect companies to perform better in 2H05, this scenario could be derailed if oil prices continue to trend up.
Observation of past trends suggests the market will slip into consolidation soon after oil prices break out into new highs. Thus, a good indicator to watch for the resumption of market momentum is a pullback in Brent crude prices.
Meanwhile, a range-bound environment is to be expected.
Support levels are:
- 2245 - start point of the long white candle formation on July 19.
- 2269 - the recent low touched on Aug 15.
Resistance levels are:
- 2319 - 38.2 per cent retracement level of the correction from 2400 to 2269.
- 2334 - 50 per cent retracement level of the correction from 2400 to 2269.
Sunday, August 14, 2005
SGX Market Commentary
Published August 13, 2005 by BT
Bears ahead of bulls - but just barely
THERE was a tug-of-war between the bulls and the bears yesterday, which ultimately was won by the bears, but only just. The Straits Times Index opened stronger to recoup some of the losses it suffered in the previous two days. But the bears were relatively fresher. By the end of the day, the STI slid 2.77 points to 2,303.2. For the week, it lost 35.7 points or 1.5 per cent - its biggest decline since February this year. UOB Sesdaq Index, however, managed to eke out a gain of 0.47 point to 82.19. On a weekly basis, it was down 0.29 point or 0.35 per cent.
'Despite the sudden swing in market sentiment from one of optimism only last week to pessimism and fear currently, we see limited downside in the short term,' Kim Eng said in its market view report yesterday. DBS Vickers, meanwhile, thinks the selling momentum would continue for some stocks. In its 'From the Chartroom' report yesterday, it had called for trading sells on Cosco, Labroy Marine, SembCorp Industries and Keppel Land. Of the four, only Labroy managed to snap back from its recent losses.
The drag on the STI yesterday came from UOB, OCBC and SPH. Cushioning the fall, meanwhile, were Keppel Corp, which rose 30 cents after after crude oil prices rose above a record US$66 a barrel in New York, boosting optimism that demand for rigs will remain strong. DBS, Fraser & Neave and City Developments were among the other gainers. Hyflux, whose share price was in a free fall in the last few sessions, managed to stage a rebound. It ended 14 cents up to $3.20, with 8.2 million shares traded. Three Temasek-linked companies - Singapore Telecom, CapitaLand and Stats ChipPac - topped the actives list yesterday with 74 million shares traded among them. SingTel and Stats were unchanged, while CapitaLand ended one cent lower.
Under $1b traded
Among the second-liners, the action centred on Global Voice, Bio-Treat, Biosensors and Utac. But all moved by less than 2 per cent. Overall, trading was less hectic than the previous few sessions when over $1 billion worth of shares changed hands. Yesterday, 820 million Singapore-dollar shares worth $996.8 million were traded. Excluding warrants, losers pipped gainers by 163 to 154.
My Comments - End of consolidation? Or more to come? With oil price still trending up and winter not even here yet in US and Europe (when oil consumption goes up even higher), it's better to be safe than sorry! I'd focus on short term trades as there'll be volatility and do selective accumulations of blue chips (I'd previously sold off my entire stake of Singtel, OCBC, CCT, most of my SPH,...etc.) if the price goes below my previous selling price.
Bears ahead of bulls - but just barely
THERE was a tug-of-war between the bulls and the bears yesterday, which ultimately was won by the bears, but only just. The Straits Times Index opened stronger to recoup some of the losses it suffered in the previous two days. But the bears were relatively fresher. By the end of the day, the STI slid 2.77 points to 2,303.2. For the week, it lost 35.7 points or 1.5 per cent - its biggest decline since February this year. UOB Sesdaq Index, however, managed to eke out a gain of 0.47 point to 82.19. On a weekly basis, it was down 0.29 point or 0.35 per cent.
'Despite the sudden swing in market sentiment from one of optimism only last week to pessimism and fear currently, we see limited downside in the short term,' Kim Eng said in its market view report yesterday. DBS Vickers, meanwhile, thinks the selling momentum would continue for some stocks. In its 'From the Chartroom' report yesterday, it had called for trading sells on Cosco, Labroy Marine, SembCorp Industries and Keppel Land. Of the four, only Labroy managed to snap back from its recent losses.
The drag on the STI yesterday came from UOB, OCBC and SPH. Cushioning the fall, meanwhile, were Keppel Corp, which rose 30 cents after after crude oil prices rose above a record US$66 a barrel in New York, boosting optimism that demand for rigs will remain strong. DBS, Fraser & Neave and City Developments were among the other gainers. Hyflux, whose share price was in a free fall in the last few sessions, managed to stage a rebound. It ended 14 cents up to $3.20, with 8.2 million shares traded. Three Temasek-linked companies - Singapore Telecom, CapitaLand and Stats ChipPac - topped the actives list yesterday with 74 million shares traded among them. SingTel and Stats were unchanged, while CapitaLand ended one cent lower.
Under $1b traded
Among the second-liners, the action centred on Global Voice, Bio-Treat, Biosensors and Utac. But all moved by less than 2 per cent. Overall, trading was less hectic than the previous few sessions when over $1 billion worth of shares changed hands. Yesterday, 820 million Singapore-dollar shares worth $996.8 million were traded. Excluding warrants, losers pipped gainers by 163 to 154.
My Comments - End of consolidation? Or more to come? With oil price still trending up and winter not even here yet in US and Europe (when oil consumption goes up even higher), it's better to be safe than sorry! I'd focus on short term trades as there'll be volatility and do selective accumulations of blue chips (I'd previously sold off my entire stake of Singtel, OCBC, CCT, most of my SPH,...etc.) if the price goes below my previous selling price.
Sunday, August 07, 2005
SGX Market Commentary
Published August 6, 2005 in BT,
In broker jargon, a 'mild correction'
IF this week were looked at in isolation, the Straits Times Index's movements would read: two days of gains followed by three days of losses culminating in yesterday's alarming 23.52-point drop to 2,338.97. Extend the frame of reference a bit further back, and the picture isn't so dramatic - in the two weeks leading up to the start of this week, the index had risen almost exactly 100 points or 4.3 per cent. This, by any standard, is a sizeable advance - fuelled in no small part by the government's property measures - so it stands to reason that a sizeable correction can reasonably be expected. As it turns out, the loss for this week was only 14 points or less than one per cent which in broking parlance would be considered a 'mild correction'. Wall Street's Thursday drop in response to oil crossing US$61 per barrel was probably the main reason for the selling yesterday, since all regional markets were similarly depressed.
Oil and gas, rig builders and shipping continued to play central roles throughout the week, with the likes of SPC, KS Energy, Ezra, SembCorp Maritime, STX PanOcean, NOL and Cosco all seeing active trading while posting big price rises.
What was noticeable was the loss of momentum in the previous week's big plays, namely, banks and property. CapitaLand and DBS, for instance, started off the week with a bang, shooting up 19 cents and 50 cents to $3.02 and $16.60 respectively, but by mid-week showed signs of strain. CapitaLand finished at $2.99 yesterday, down five cents while DBS was unchanged at $16.50.
Also noticeable was the significant impact that broker reports had on the stocks concerned - STX's Thursday rejuvenation, for example, came courtesy of a CSFB 'outperform'; Fu Yu's collapse came after 'hold' calls from Kim Eng and Phillip Securities.
Meanwhile, compact disc firm Anwell Technologies' shares plunged mid-week after the company issued a profit warning, while the seemingly unstoppable Hyflux Ltd encountered selling yesterday after it released its first-half results. Phillip Securities was among the houses to call a 'sell' on Hyflux's shares, saying it has adjusted its earnings forecasts downwards for FY05 from $54.1 million to $50.2 million to take into account lower margins and lower core earnings. 'By using 19x P/E and FY06 core EPS of 12 cents, we arrive at the fair value of $2.28. We think the stock is overvalued now. Downgrade from HOLD to SELL on valuations,' it said. Similarly, CIMB-GK Goh downgraded Hyflux from 'outperform' to 'neutral' stating that 'Hyflux's share price has soared nearly four-fold within a year, but its FY05-06 PE multiples have only moved from the 20-25x range to 30-35x due to earnings upgrades . . . current valuations appear rich, given the risk of unproven execution. Should there be any delay in the award of contracts, disappointment in 3Q core earnings could lead to share price weakness.' Hyflux yesterday lost 12 cents to $3.56.
In broker jargon, a 'mild correction'
IF this week were looked at in isolation, the Straits Times Index's movements would read: two days of gains followed by three days of losses culminating in yesterday's alarming 23.52-point drop to 2,338.97. Extend the frame of reference a bit further back, and the picture isn't so dramatic - in the two weeks leading up to the start of this week, the index had risen almost exactly 100 points or 4.3 per cent. This, by any standard, is a sizeable advance - fuelled in no small part by the government's property measures - so it stands to reason that a sizeable correction can reasonably be expected. As it turns out, the loss for this week was only 14 points or less than one per cent which in broking parlance would be considered a 'mild correction'. Wall Street's Thursday drop in response to oil crossing US$61 per barrel was probably the main reason for the selling yesterday, since all regional markets were similarly depressed.
Oil and gas, rig builders and shipping continued to play central roles throughout the week, with the likes of SPC, KS Energy, Ezra, SembCorp Maritime, STX PanOcean, NOL and Cosco all seeing active trading while posting big price rises.
What was noticeable was the loss of momentum in the previous week's big plays, namely, banks and property. CapitaLand and DBS, for instance, started off the week with a bang, shooting up 19 cents and 50 cents to $3.02 and $16.60 respectively, but by mid-week showed signs of strain. CapitaLand finished at $2.99 yesterday, down five cents while DBS was unchanged at $16.50.
Also noticeable was the significant impact that broker reports had on the stocks concerned - STX's Thursday rejuvenation, for example, came courtesy of a CSFB 'outperform'; Fu Yu's collapse came after 'hold' calls from Kim Eng and Phillip Securities.
Meanwhile, compact disc firm Anwell Technologies' shares plunged mid-week after the company issued a profit warning, while the seemingly unstoppable Hyflux Ltd encountered selling yesterday after it released its first-half results. Phillip Securities was among the houses to call a 'sell' on Hyflux's shares, saying it has adjusted its earnings forecasts downwards for FY05 from $54.1 million to $50.2 million to take into account lower margins and lower core earnings. 'By using 19x P/E and FY06 core EPS of 12 cents, we arrive at the fair value of $2.28. We think the stock is overvalued now. Downgrade from HOLD to SELL on valuations,' it said. Similarly, CIMB-GK Goh downgraded Hyflux from 'outperform' to 'neutral' stating that 'Hyflux's share price has soared nearly four-fold within a year, but its FY05-06 PE multiples have only moved from the 20-25x range to 30-35x due to earnings upgrades . . . current valuations appear rich, given the risk of unproven execution. Should there be any delay in the award of contracts, disappointment in 3Q core earnings could lead to share price weakness.' Hyflux yesterday lost 12 cents to $3.56.
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