Wednesday, March 26, 2008

Singapore Share Market Summary (260308)

Reports to check out:

GOLDEN AGRI-RESOURCES

Splitting shares, splitting hairs



CHT HOLDINGS Second Opinion

Hold, but not by choice

*****



Market:

The STI went down 4.97 pts to close at 2,995.22.

Volumes were at 1.47 bln at a value of S$1.56 bln. This means on average each share is worth $1.061.

Gainers and losers were 1 to 1.

*****



Stories of note:

TEE INTERNATIONAL

Gets S$109 mln Marina Bay Sands contract



LOW KENG HUAT

To be more selective in tenders



ASCENDAS REIT

Buys CGGVeritas Hub for S$18.25 mln and Rutherford and Science Hub for S$51.52 mln from Ascendas companies



ASIA PACIFIC BREWERIES

Expands production capacity of Hanoi brewery in Vietnam

Spends US$1 mln to increase capacity from 30 mln litres to 46 mln litres



HENGXIN TECHNOLOGIES

Issues summons to ex-CEO and ex-director for breach of contract



SWIBER

Shipyard delivers floating crane barges to OBT Holdings

Monday, March 24, 2008

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Tuesday, March 18, 2008

Last week US Carlyle Capital collapsed! Now Bear Stearns! Is it a BEAR trend?

If Hedge Fund can bring down Bear Stearns to worth merely current US$2per share (highest was US$ 170) or $261 millions, why not other financial institutions? Look like Wall Street is turning into a graveyard zone soon!

Fed is doing his best to keep the credit crisis from declining with a series of Rate Cut or concerted Central Bank $$ injection to stem the current financial turmoil.

Will rate cut and $ injection able to steer fear among investors worldwide about other banks' similar exposure to the troubled credit markets?

Financial Storm has led investors to look into alternatives and pushed up :
1. GOLD - to the HIGHEST above US$1000
2. Crude Oil - above $100 (hedge against falling US$)

Tomorrow morning (19/3/08) will like to see FED Rate Cut again. The millionaire $$ question is how much? 0.25%, 0.5% or even 1%?

My view is that regardless what level of rate cut... BEAR WILL stage a Technical Rebound in response to it. However these rebounds may not be sustainable when subsequently when oversold stocks start to fully price-in rate-cut factor.

Remember CASH is KING now especially in BEAR MARKET.

Looking forward, avoid LONG in stock. Instead trade in Index CFD which profit could be obtain in both way.