Archive

Archive for the ‘singapore’ Category

Reporting date

August 3, 2010 1 comment

SembCorp Marine Ltd 8/3/2010
Singapore Technologies Engineering Ltd 8/3/2010
Mencast Holdings Ltd 8/3/2010
United Overseas Bank Ltd 8/3/2010
China Haida Ltd 8/3/2010
Lippo-Mapletree Indonesia Retail Trust 8/3/2010
Hi-P International Ltd 8/3/2010
Cosco Corp Singapore Ltd 8/3/2010
United Overseas Insurance Ltd 8/3/2010
Eucon Holding Ltd 8/4/2010
Multistar Holdings Ltd 8/4/2010
UMS Holdings Ltd 8/4/2010
Boardroom Ltd 8/4/2010
CSC Holdings Ltd 8/4/2010
HL Global Enterprises Ltd 8/4/2010
Tiger Airways Holdings Ltd 8/5/2010
GK Goh Holdings Ltd 8/5/2010
Heng Long International Ltd 8/5/2010
ASJ Holdings Ltd 8/5/2010
Excelpoint Technology Ltd 8/5/2010
Baker Technology Ltd 8/5/2010
SHC Capital Ltd 8/5/2010
China Merchants Holdings Pacific Ltd 8/5/2010
Singapore Reinsurance Corp Ltd 8/5/2010
Creative Technology Ltd 8/5/2010
Sing Investments & Finance Ltd 8/5/2010
Rotary Engineering Ltd 8/5/2010
Maveric Ltd 8/5/2010
StarHub Ltd 8/5/2010
Intraco Ltd 8/5/2010
Overseas Union Enterprise Ltd 8/5/2010
CEI Contract Manufacturing Ltd 8/5/2010
ARA Asset Management Ltd 8/5/2010
Jadason Enterprises Ltd 8/5/2010
Heng Long International Ltd 8/5/2010
KSH Holdings Ltd 8/5/2010
Roxy-Pacific Holdings Ltd 8/5/2010
Global Yellow Pages Ltd 8/5/2010
Riverstone Holdings Ltd 8/5/2010
CWT Ltd 8/5/2010
China EnerSave Ltd 8/5/2010
China Aviation Oil Singapore Corp Ltd 8/5/2010
Straits Asia Resources Ltd 8/5/2010
Venture Corp Ltd 8/5/2010
Adroit Innovations Ltd 8/6/2010
Hour Glass Ltd/The 8/6/2010
Neptune Orient Lines Ltd/Singapore 8/6/2010
JEL Corp Holdings Ltd 8/6/2010
Yeo Hiap Seng Ltd 8/6/2010
Best World International Ltd 8/6/2010
MCL Land Ltd 8/6/2010
JLJ Holdings Ltd 8/6/2010
ECS Holdings Ltd 8/6/2010
New Toyo International Holdings Ltd 8/6/2010
Brothers Holdings Ltd 8/6/2010
Penguin International Ltd 8/6/2010
Penguin International Ltd 8/6/2010
Dynamic Colours Ltd 8/6/2010
Innovalues Ltd 8/6/2010
Heatec Jietong Holdings Ltd 8/6/2010
Falcon Energy Group Ltd 8/6/2010
Hyflux Ltd 8/6/2010
BRC Asia Ltd 8/6/2010
HLH Group Ltd 8/6/2010
Aspial Corp Ltd 8/6/2010
IPC Corp Ltd 8/6/2010
Sinwa Ltd 8/6/2010
Colex Holdings Ltd 8/6/2010
CH Offshore Ltd 8/6/2010
Adroit Innovations Ltd 8/6/2010
Natural Cool Holdings Ltd 8/6/2010
Artivision Technologies Ltd 8/6/2010
United Industrial Corp Ltd 8/6/2010
Singapore Land Ltd 8/6/2010
BBR Holdings Ltd 8/6/2010
Lee Metal Group Ltd 8/6/2010
AIMS AMP Capital Industrial REIT 8/6/2010
Wanxiang International Ltd 8/6/2010
PSC Corp Ltd 8/6/2010
ISDN Holdings Ltd 8/6/2010
Juken Technology Ltd 8/6/2010
Meiban Group Ltd 8/6/2010
Tye Soon Ltd 8/6/2010
Beng Kuang Marine Ltd 8/6/2010
Gallant Venture Ltd 8/6/2010
Achieva Ltd 8/6/2010
Orchard Parade Holdings Ltd 8/6/2010
R H Energy Ltd 8/6/2010
Liang Huat Aluminium Ltd 8/6/2010
Ocean International Holdings Ltd 8/6/2010
TeleChoice International Ltd 8/6/2010
Shanghai Asia Holdings Ltd 8/6/2010
Chemoil Energy Ltd 8/6/2010
Thakral Corp Ltd 8/6/2010
Asiamedic Ltd 8/6/2010
Brothers Holdings Ltd 8/6/2010
Swissco International Ltd 8/6/2010
MCL Land Ltd 8/6/2010
Manufacturing Integration Technology Ltd 8/6/2010
Asia Enterprises Holding Ltd 8/6/2010
Global Testing Corp Ltd 8/6/2010
Aspial Corp Ltd 8/6/2010
Venture Corp Ltd 8/6/2010
Cityspring Infrastructure Trust 8/10/2010
Nera Telecommunications Ltd 8/10/2010
Pteris Global Ltd 8/10/2010
Trek 2000 International Ltd 8/11/2010
Food Empire Holdings Ltd 8/11/2010
AEM Holdings Ltd 8/11/2010
Advanced Holdings Ltd 8/11/2010
Del Monte Pacific Ltd 8/11/2010
Allied Technologies Ltd/Singapore 8/11/2010
JK Yaming International Holdings Ltd 8/11/2010
HTL International Holdings Ltd 8/11/2010
Serial System Ltd 8/11/2010
Chasen Holdings Ltd 8/11/2010
AEI Corp Ltd 8/11/2010
Megachem Ltd 8/11/2010
Rowsley Ltd 8/11/2010
Cityneon Holdings Ltd 8/11/2010
Medtecs International Corp Ltd 8/11/2010
Chip Eng Seng Corp Ltd 8/11/2010
Hup Soon Global Corp Ltd 8/11/2010
United Engineers Ltd 8/11/2010
Bukit Sembawang Estates Ltd 8/11/2010
CSE Global Ltd 8/11/2010
Albedo Ltd 8/11/2010
Action Asia Ltd 8/11/2010
RH PetroGas Ltd 8/11/2010
Firstlink Investments Corp Ltd 8/11/2010
Lee Kim Tah Holdings Ltd 8/11/2010
EnGro Corp Ltd 8/11/2010
UPP Holdings Ltd 8/11/2010
Eastern Asia Technology Ltd 8/11/2010
Teledata Singapore Ltd 8/11/2010
Advanced Integrated Manufacturing Corp Ltd 8/11/2010
Nippecraft Ltd 8/11/2010
Hiap Hoe Ltd 8/11/2010
Auric Pacific Group Ltd 8/11/2010
Armstrong Industrial Corp Ltd 8/11/2010
Fraser and Neave Ltd 8/12/2010
SembCorp Industries Ltd 8/12/2010
Breadtalk Group Ltd 8/12/2010
Progen Holdings Ltd 8/12/2010
Sunningdale Tech Ltd 8/12/2010
Boustead Singapore Ltd 8/12/2010
Huan Hsin Holdings Ltd 8/12/2010
Soilbuild Group Holdings Ltd 8/12/2010
MFS Technology Ltd 8/12/2010
Sunmoon Food Co Ltd 8/12/2010
IDT Holdings Singapore Ltd 8/12/2010
Transpac Industrial Holdings Ltd 8/12/2010
Interra Resources Ltd 8/12/2010
WesTech Electronics Ltd 8/12/2010
United Envirotech Ltd 8/12/2010
EDMI Ltd 8/12/2010
Amplefield Ltd 8/12/2010
Yongnam Holdings Ltd 8/12/2010
InnoTek Ltd 8/12/2010
Hong Leong Finance Ltd 8/12/2010
Vibropower Corp Ltd 8/12/2010
AA Group Holdings Ltd 8/12/2010
Select Group Ltd 8/12/2010
Lorenzo International Ltd 8/12/2010
Banyan Tree Holdings Ltd 8/12/2010
Yanlord Land Group Ltd 8/12/2010
Pacific Century Regional Developments Ltd 8/12/2010
Design Studio Furniture Manufacturer Ltd 8/12/2010
Singapore Telecommunications Ltd 8/12/2010
Heeton Holdings Ltd 8/12/2010
Hiap Seng Engineering Ltd 8/12/2010
Hotel Royal Ltd 8/12/2010
Pan Pacific Hotels Group Ltd 8/12/2010
Superior Multi-Packaging Ltd 8/12/2010
UOL Group Ltd 8/12/2010
Zagro Asia Ltd 8/12/2010
Jiutian Chemical Group Ltd 8/12/2010
ITE Electric Co Ltd 8/12/2010
Ocean Sky International Ltd 8/12/2010
Kian Ho Bearings Ltd 8/12/2010
Asia Pacific Breweries Ltd 8/12/2010
NSL Ltd/Singapore 8/12/2010
Allgreen Properties Ltd 8/12/2010
Healthway Medical Corp Ltd 8/12/2010
Wheelock Properties Singapore Ltd 8/12/2010
Vicom Ltd 8/12/2010
Eng Kong Holdings Ltd 8/12/2010
Unified Communications Holdings Ltd 8/12/2010
Yoma Strategic Holdings Ltd 8/12/2010
Super Group Ltd/Singapore 8/12/2010
Hyflux Water Trust 8/12/2010
LHT Holdings Ltd 8/12/2010
Asia Water Technology Ltd 8/12/2010
Informatics Education Ltd 8/12/2010
Enviro-Hub Holdings Ltd 8/12/2010
Ellipsiz Ltd 8/12/2010
City Developments Ltd 8/12/2010
ABR Holdings Ltd 8/12/2010
Ramba Energy Ltd 8/12/2010
Metal Component Engineering Ltd 8/12/2010
Sinomem Technology Ltd 8/12/2010
Hersing Corp Ltd 8/12/2010
A-Sonic Aerospace Ltd 8/12/2010
Parkway Holdings Ltd 8/12/2010
Teckwah Industrial Corp Ltd 8/12/2010
Manhattan Resources Ltd 8/12/2010
Asiasons Capital Ltd 8/12/2010
China Yuchai International Ltd 8/12/2010
Broadway Industrial Group Ltd 8/13/2010
HLN Technologies Ltd 8/13/2010
Jade Technologies Holdings Ltd 8/13/2010
euNetworks Group Ltd 8/13/2010
EMS Energy Ltd 8/13/2010
Dragon Group International Ltd 8/13/2010
Marco Polo Marine Ltd 8/13/2010
Ossia International Ltd 8/13/2010
PSL Holdings Ltd 8/13/2010
Linair Technologies Ltd 8/13/2010
Superbowl Holdings Ltd 8/13/2010
Soon Lian Holdings Ltd 8/13/2010
SBS Transit Ltd 8/13/2010
Darco Water Technologies Ltd 8/13/2010
Petra Foods Ltd 8/13/2010
Straco Corp Ltd 8/13/2010
Bonvests Holdings Ltd 8/13/2010
Pan Asian Water Solutions Ltd 8/13/2010
Guthrie GTS Ltd 8/13/2010
SM Summit Holdings Ltd 8/13/2010
Amara Holdings Ltd 8/13/2010
Asti Holdings Ltd 8/13/2010
Otto Marine Ltd 8/13/2010
Top Global Ltd 8/13/2010
Pertama Holdings Ltd 8/13/2010
UOB-Kay Hian Holdings Ltd 8/13/2010
Challenger Technologies Ltd 8/13/2010
ComfortDelgro Corp Ltd 8/13/2010
CDW Holding Ltd 8/13/2010
Sakae Holdings Ltd 8/13/2010
Ezion Holdings Ltd 8/13/2010
China Environment Ltd 8/13/2010
Wepco Ltd 8/13/2010
K1 Ventures Ltd 8/13/2010
Hengxin Technology Ltd 8/13/2010
TSH Corp Ltd 8/13/2010
See Hup Seng Ltd 8/13/2010
Kingsmen Creatives Ltd 8/13/2010
Pollux Properties Ltd 8/13/2010
Indofood Agri Resources Ltd 8/13/2010
Wilmar International Ltd 8/13/2010
Pan-United Corp Ltd 8/13/2010
Global Investments Ltd/Singapore 8/13/2010
M Development Ltd 8/13/2010
Ho Bee Investment Ltd 8/13/2010
Federal International 2000 Ltd 8/13/2010
Lindeteves-Jacoberg Ltd 8/13/2010
Adventus Holdings Ltd 8/13/2010
Adampak Ltd 8/13/2010
Koh Brothers Group Ltd 8/13/2010
Asia Food & Properties Ltd 8/13/2010
Koyo International Ltd 8/13/2010
Tat Hong Holdings Ltd 8/13/2010
Cerebos Pacific Ltd 8/13/2010
Asiatravel.com Holdings Ltd 8/13/2010
Hotel Grand Central Ltd 8/13/2010
Hosen Group Ltd 8/13/2010
QAF Ltd 8/13/2010
KS Energy Services Ltd 8/13/2010
Poh Tiong Choon Logistics Ltd 8/13/2010
Midas Holdings Ltd 8/13/2010
Kinergy Ltd 8/13/2010
Kingboard Copper Foil Holdings Ltd 8/13/2010
Metro Holdings Ltd 8/13/2010
AnnAik Ltd 8/13/2010
Spice I2I Ltd 8/13/2010
CarrierNet Global Ltd 8/13/2010
China Powerplus Ltd 8/13/2010
JEP Holdings Ltd 8/13/2010
Chuan Hup Holdings Ltd 8/13/2010
Haw Par Corp Ltd 8/13/2010
King Wan Corp Ltd 8/13/2010
San Teh Ltd 8/13/2010
Hor Kew Corp Ltd 8/13/2010
Hong Fok Corp Ltd 8/13/2010
Net Pacific Financial Holdings 8/13/2010
RSH Ltd 8/13/2010
Sapphire Corp Ltd 8/13/2010
SingXpress Ltd 8/13/2010
Esmart Holdings Ltd 8/13/2010
Annica Holdings Ltd 8/13/2010
Moya Dayen Ltd 8/13/2010
PCI Ltd 8/13/2010
Isetan Singapore Ltd 8/13/2010
AP Oil International Ltd 8/13/2010
Oakwell Engineering Ltd 8/13/2010
Pacific Healthcare Holdings Ltd 8/13/2010
Singapore Medical Group Ltd 8/13/2010
Fu Yu Corp Ltd 8/13/2010
Armarda Group Ltd 8/13/2010
Guangzhao Industrial Forest Biotechnology Group Ltd 8/13/2010
Vashion Group Ltd 8/13/2010
Hotel Properties Ltd 8/13/2010
Old Chang Kee Ltd 8/13/2010
Unidux Electronics Ltd 8/13/2010
WBL Corp Ltd 8/13/2010
China Auto Corp Ltd 8/13/2010
Devotion Energy Group Ltd 8/13/2010
Straits Trading Co Ltd 8/13/2010
Jasper Investments Ltd 8/13/2010
Addvalue Technologies Ltd 8/13/2010
SC Global Developments Ltd 8/13/2010
China Dairy Group Ltd 8/13/2010
Hafary Holdings Ltd 8/13/2010
mDR Ltd 8/13/2010
Elec & Eltek International Co Ltd 8/13/2010
Abterra Ltd 8/13/2010
Rickmers Maritime 8/13/2010
Asia Silk Holdings Ltd 8/13/2010
KLW Holdings Ltd 8/13/2010
Compact Metal Industries Ltd 8/13/2010
Sitra Holdings International Ltd 8/13/2010
Indiabulls Properties Investment Trust 8/13/2010
Lafe Corp Ltd 8/13/2010
Food Junction Holdings Ltd 8/13/2010
Macquarie International Infrastructure Fund Ltd 8/13/2010
Swiber Holdings Ltd 8/13/2010
Anwell Technologies Ltd 8/13/2010
Sing Holdings Ltd 8/13/2010
Kingsmen Creatives Ltd 8/13/2010
Hong Leong Asia Ltd 8/13/2010
YHI International Ltd 8/13/2010
Ntegrator International Ltd 8/13/2010
GP Industries Ltd 8/13/2010
Advanced Systems Automation Ltd 8/13/2010
IFS Capital Ltd 8/13/2010
Matex International Ltd 8/13/2010
Golden Agri-Resources Ltd 8/13/2010
Nobel Design Holdings Ltd 8/13/2010
Mirach Energy Ltd 8/13/2010
Hoe Leong Corp Ltd 8/13/2010
International Press Softcom Ltd 8/13/2010
SMB United Ltd 8/13/2010
Sin Heng Heavy Machinery Ltd 8/13/2010
Frencken Group Ltd 8/13/2010
Southern Packaging Group Ltd 8/13/2010
TT International Ltd 8/13/2010
China Yongsheng Ltd 8/13/2010
AEC Education PLC 8/13/2010
Skywest Airlines Ltd 8/13/2010
Amaru Inc 8/13/2010
Communication Design International Ltd 8/17/2010
CNA Group Ltd 8/17/2010
Singapura Finance Ltd 8/18/2010
Chosen Holdings Ltd 8/18/2010
Ausgroup Ltd 8/18/2010
FJ Benjamin Holdings Ltd 8/19/2010
ASL Marine Holdings Ltd 8/19/2010
Union Steel Holdings Ltd 8/20/2010
Health Management International Ltd 8/20/2010
St James Holdings Ltd/Singapore 8/20/2010
Verigy Ltd 8/20/2010
OM Holdings Ltd 8/24/2010
New Lakeside Holdings Ltd 8/24/2010
Raffles Education Corp Ltd 8/24/2010
GRP Ltd 8/24/2010
Gems TV Holdings Ltd 8/24/2010
Memstar Technology Ltd 8/25/2010
Wing Tai Holdings Ltd 8/25/2010
Asia-Pacific Strategic Inv Ltd 8/25/2010
Jaya Holdings Ltd 8/25/2010
Santak Holdings Ltd 8/25/2010
Tai Sin Electric Ltd 8/26/2010
Eu Yan Sang International Ltd 8/26/2010
Avi-Tech Electronics Ltd 8/26/2010
Karin Technology Holdings Ltd 8/26/2010
Asian Micro Holdings Ltd 8/26/2010
Lasseters International Holdings Ltd 8/26/2010
CFM Holdings Ltd 8/26/2010
Digiland International Ltd 8/26/2010
Goodpack Ltd 8/26/2010
Tiong Woon Corp Holding Ltd 8/26/2010
Portek International Ltd 8/26/2010
Lion Asiapac Ltd 8/26/2010
Teho International Inc Ltd 8/26/2010
Plato Capital Ltd 8/27/2010
Elite KSB Holdings Ltd 8/27/2010
Kian Ann Engineering Ltd 8/27/2010
GuocoLeisure Ltd 8/27/2010
Lum Chang Holdings Ltd 8/27/2010
Centillion Environment & Recycling Ltd 8/27/2010
Koon Holdings Ltd 8/27/2010
Lantrovision Singapore Ltd 8/27/2010
Sim Siang Choon Ltd 8/27/2010
E3 Holdings Ltd 8/27/2010
Equation Corp Ltd 8/27/2010
Goldtron Ltd 8/27/2010
Metax Engineering Corp Ltd 8/27/2010
Lion Teck Chiang Ltd 8/27/2010
KTL Global Ltd 8/27/2010
Aussino Group Ltd 8/27/2010
Guocoland Ltd 8/27/2010
Auswin Holdings Ltd 8/27/2010
Second Chance Properties Ltd 8/27/2010
Hartawan Holdings Ltd 8/27/2010
Epicentre Holdings Ltd 8/27/2010
Sim Lian Group Ltd 8/27/2010
Spindex Industries Ltd 8/27/2010
Scintronix Corp Ltd 8/27/2010
Koda Ltd 8/27/2010
HupSteel Ltd 8/27/2010
LC Development Ltd 8/27/2010
Saizen REIT 8/27/2010
Olam International Ltd 8/27/2010
Time Watch Investments Ltd 8/27/2010
Micro-Mechanics Holdings Ltd 8/30/2010
Grand Banks Yachts Ltd 8/31/2010
Kim Eng Holdings Ltd 8/31/2010
Magnus Energy Group Ltd 8/31/2010
Ultro Technologies Ltd 8/31/2010
British & Malayan Trustees Ltd 8/31/2010
Ryobi Kiso Holdings Ltd 8/31/2010
Greater China Precision Components Ltd 8/31/2010

Categories: sg, sgx, singapore Tags: , ,

Singapore May Pass China as Asia’s Fastest-Growing Economy

Bloomberg:

Singapore may overtake China as Asia’s fastest-growing economy this year, increasing the attractiveness of the city state’s stocks and putting pressure on policy makers to check inflation with a stronger currency.

Gross domestic product of the Southeast Asian island will rise 10.8 percent in 2010, according to the median of 13 estimates in a Bloomberg News survey before the July 14 second- quarter GDP report. By comparison, Goldman Sachs Group Inc., BNP Paribas and Macquarie Group Ltd. have cut estimates for China to at most 10.1 percent in recent weeks.

An acceleration in pharmaceutical output and the opening of two casino resorts boosted growth in the first half, the result of Singapore’s efforts to diversify sources of expansion beyond electronics exports. The push to bolster services may sustain the economy and support investment that spurred the island’s benchmark stock index to outperform counterparts in China, Taiwan, Japan and Australia this year.

“Singapore has unique growth characteristics of its own as a function of having some new areas of growth,” said Manraj Sekhon, the London-based head of international equities at Henderson Global Investors Ltd., whose firm oversees about $94 billion in assets, including shares in Singapore companies.

Stock Performance

Henderson has “meaningful positions” in Singapore-based companies such as Wilmar International Ltd., the world’s largest palm-oil trader, and Keppel Corp., the biggest maker of shallow- water rigs, he said. Its holdings of Singaporean stocks, also including CapitaLand Ltd. and casino operator Genting Singapore Plc, are “close to the highest positions we’ve had,” he said.

Singapore’s benchmark stock index has climbed 28 percent in the past year, more than Hong Kong’s Hang Seng and Taiwan’s Taiex, while the Shanghai benchmark has fallen 22 percent. The Straits Times Index rose 0.3 percent as of 9:45 a.m. local time.

Faster growth may prod the Monetary Authority of Singapore to do more at its next policy review in October, according to Kit Wei Zheng, an economist at Citigroup Inc. in Singapore. Wage pressures are increasing and inflation may reach 5 percent by the end of 2010, from 3.2 percent in May, he said.

“There are now higher odds for the MAS to tighten further in October via a steeper appreciation” of the Singapore dollar, he said. Citigroup, which predicts Singapore’s GDP will advance 12.5 percent this year, says there are upside risks to its forecasts and the expansion may be as much as 15 percent.

Currency Revaluation

The central bank uses the Singapore dollar instead of interest rates to manage inflation, and on April 14 allowed a revaluation and shifted to a stance of gradual appreciation. The currency rose as much as 1.2 percent on the day of the MAS announcement, before slipping the following month as Europe’s debt crisis threatened to slow the global expansion. Singapore’s $182 billion economy is about 1/24 the size of China’s.

Against the U.S. dollar, Singapore’s currency rose 0.1 percent to S$1.3787 as of 9:45 a.m., a sixth day of gains and compared with a high for the year of S$1.3649 on April 30. It may advance to S$1.36 by year-end and S$1.33 at the end of 2011, according to the median forecasts in Bloomberg News surveys.

Singapore’s ties to the global economy mean it’s unlikely to escape the impact of any renewed slowdown. Governments in Europe are embarking on austerity programs to cut budget deficits and households in some of the world’s largest economies are holding back spending, clouding the outlook for the rebound.

Cracks Showing

“Some cracks are starting to show in the global economy,” said Alvin Liew, a Singapore-based economist at Standard Chartered Plc. “Drugs and tourists likely boosted second- quarter growth above the first quarter but a Jekyll-Hyde year may see a weaker second half. Life can become very unpredictable” if you rely on pharmaceuticals and “start dabbling in casinos,” he said.

The performance of Singapore’s pharmaceutical industry is volatile as production swings by companies such as Sanofi- Aventis SA can cause industrial output to fluctuate.

Prime Minister Lee Hsien Loong’s government has raised the island’s GDP forecast twice this year as tourists arrive in record numbers, companies increase hiring and vessels leave the city’s ports carrying more cargo. The economic rebound has caused inflation to accelerate as rising demand stokes home and car prices.

Asia’s Fastest

Singapore is likely to become Asia’s fastest-growing economy this year, according to Credit Suisse Group AG and Oversea-Chinese Banking Corp. Forecasts for the island’s expansion this year range from 9.7 percent to 13 percent among the economists surveyed by Bloomberg.

Estimates by Goldman, BNP Paribas, Macquarie and China International Capital Corp. for China’s 2010 growth range from 9.5 percent to 10.1 percent. The government in Asia’s second- largest economy is scheduled to release second-quarter GDP figures on July 15.

The last time Singapore’s GDP rose more than China’s was in 2000, according to data compiled by the International Monetary Fund.

Singapore’s manufacturing increased an average 45 percent in the first five months of 2010, after declining an average 13 percent in the same period last year. Pharmaceutical output has at least doubled every month from March to May.

How come I don’t see my pay increase as fast?

“We’re the Monaco of the East, minus the bikini girls on the yachts,” Song Seng-Wun, an economist at CIMB Research Pte in Singapore

Think it’d make me just very sad. The rich gets richer, the poor gets poorer. This is especially true in Singapore. Well, it’s time to wait for the Q2 GDP figures to be released in 15th July !!! Hope my counters all move up!

Categories: news, singapore Tags: ,

Shorting targets

  1. BanyanTree ( trade using pivot point though uptrend)
  2. Capitaland (using 20dma as stoploss point)
  3. Parkway
  4. Capitamall
  5. CapMallsAsia
  6. MacIntInfra

Can trade using trend line with tight stop loss or wait for rebound at lower high to ambush. With many indicators at oversold area, do take note a rebound might come very soon.

Disclaimer applies: This is only to my personal opinion using TA and automated rules to scan out the list.

STI halftime: bearish mode continue

Even with Dow recovering 100 over points, STI currently broke its minor resistance at 2930 and hopefully to be supported at 2900. As of now, the market sentiment has changed from sideway to bearish market as a lower high is in the formation.

Noble just broke its support its support at $3 and is down 9 cents. Such bearish sentiment! So what has went wrong with this counter? The ex-ceo might have his last laugh. So for now the strategy is to stand sideway or wait for a lower high to form before engaging a short.

Property sector seems not able to be supported. Will also go down under if this trend continue. Nan dao its the sell in may and go away phenomenon? It’s a pity since the last rally, it doesn’t went up as much as the other sector. Capitaland is also my shorting target since this counter is also weak  fundamentally.

Daily: Bear wins

Today STI seems to be moving further down and STI 3000 mark will be a hard resistance to break. Looking at 2930 for minor support. The overall market looks weak. Will be looking into a correction before entering into market. Hopefully it will rest at major support again.

Property market is one of the weakest sector ever since China is hell bent on curbing speculation. But the developers ain’t heeding the advice. Will it be another Obama-Bank situation?

One real surprise is that Noble did not break the $3 mark, which if it happen will face a deep correction. $3 is also the price which the outgoing CEO is being paid for all his stock and options.

Will be looking at the performance of Dow tonight. If it continue to a landslide, the US market will be a very ugly scene to be in since it has been too far away from HOME (20d MA).

Will be looking into down trending counter to short to hedge against the downward movement.

Anyway with this article, seems like things doesn’t look good

May 3 (Bloomberg) — Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.

The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy,” Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen,” he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.

“The market is telling you that something is not quite right,” Faber, the publisher of the Gloom, Boom & Doom report, said in a Bloomberg Television interview in Hong Kong today. “The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months.”

An index tracking Chinese stocks traded in Hong Kong dropped 1.8 percent today, the most in two weeks, after the central bank raised reserve requirements for the third time this year. The Shanghai Composite has slumped 12 percent this year, Asia’s worst performer, as policy makers seek to rein in a lending boom that’s spurred record gains in property prices. China’s markets are shut for a holiday today.

more…

Looking ahead: Singapore

STI

Trend: Sideway hold or downtrend (uptrend line broken), 2930 to hold for uptrend else trend reversal with lower low being made. Mini-downtrend line holding the upward movement. Have to move upwards above 3040 for uptrend to resume.

Indicators: MFI, RSI and Stochastic all turning down. MACD crossover and turning down. CCI turning up.

Candlestick: Last candlestick is a doji with high volume.

Conclusion. Bull and bear are in a tussle right now with the bear getting the upper hand.

Banking Sector

Daily chart: Rebounding from resistance turn support. Very similar to STI but the last candlestick is a white spinning top. It might be forming a bullish flag. RSI MFI seems to hold.

Weekly chart: market seems to be overbought at the moment with possible formation of double top.

Commodities sector

Daily chart: downtrend or possible sideway and last candlestick looks really bad. with all indicators heading southward.

Weekly: 20w MA seems to hold. 3 black candle for last 3 weeks.

Marine sector

Daily: strong uptrend with all indicators doesn’t look good. Put a trailing stop below 20d MA.

Weekly: 5w MA holding the sector but it is the first dark cloud cover after 9 weekly white candle and it its very far from home (20w MA). Look to cash out at least half for stocks in this sector. Stochastic is also giving same signal.

Properties sector

Daily: back to support level. It seems to be beaten down real bad. 5 EMA is holding the downward movement with all indicators turning up from oversold region.

Weekly: doesn’t really look good for now. Better to wait for 1 weekly white candle before going into this sector.

Daily Alert

STI halftime:

Ho Bee , Yanlord, Genting rebounding.

Analysis on Ho Bee

PE 3.6 EPS 0.457 NAV 1.63

Fundamentally, this stock is very delicious indeed.

Today has made a pivot point accompanied by good volume these 2 days. The downward pointing trendline might be broken soon. Macd Histogram turning up with Stochastic and RSI all pointing up. Put your cutloss point 4% below 1.63

Analysis on Genting SP

NAV 0.354

High volume breakout. Double bottom established. Volatility is coming back. This is a high risk play. Better to wait for 0.91 for resistance turn support.

Analysis on Yanlord

PE 10 EPS 0.167 NAV 1.22

Pivot point with trendline broken. However volume doesn’t look very convincing. RSI, MACD histogram, CCI and Stochastic all turning up. This looks to be a perfect setup though.

My take:

Property sector seems to be supported. Yanlord, Ho Bee, CityDev and Capitaland downward movement seems to be slowing and turning soon. I’m more interested in UOL since this one fundamentally will be one targeted by value investor. This helps to lower my downside risk!

May is coming. After that is world cup. And then government is pressing the property pricing down. It its a tough call whether to continue to stay in this sector.