STI index
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For those who had made some money during the past week rally.
personally, i feel this rally is not sustainable.
probably stocks will be down again after US election when hedge funds, investors will be starting at the real issues. US earning outlook, weak consumer confidence and the credit crunch.
maybe time to take profits and head for the sidelines.
there maybe more redemption from the hedge funds in the pipeline as we headtowards the end of the year.
good luck!
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STI will contrinue to trend lower.
employment data coming is not going to be good.
Mutual funds redemption will continue continue mid Nov.
That is one of the reason why market is being drag lower.
consider entry at about 1500-1600 for a range bound play.
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half of what it used to be a year ago....
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A few years back during the SARS crisis, I think the index was below 1000?
Now with the looming severe recession coming next year, my view is that the index might drop even more.
Hard to find any good reasons for it to go up.
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Basically, it year end, greeting and holiday seasons, guess there will be alot of cooling effect off the stock, but consumers spending will rise but not as vibrant as the past few years. Hopefully, with these spending, the markets can remain sustainable until begining of next year, when you may see a total bearish market yet to be seen.
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I'm slowly accumulating one particular stock trading way below it's 200 day moving average, and my average price gives me 6+% dividends yearly at the moment
At the current price, it is near 8% dividends... I'm waiting to average down further
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Originally posted by eagle:
I'm slowly accumulating one particular stock trading way below it's 200 day moving average, and my average price gives me 6+% dividends yearly at the moment
At the current price, it is near 8% dividends... I'm waiting to average down further
SPH?
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Originally posted by charlize:
A few years back during the SARS crisis, I think the index was below 1000?
Now with the looming severe recession coming next year, my view is that the index might drop even more.
Hard to find any good reasons for it to go up.
Sars crisis is not worldwide, it effected a few asian countries, unfortunately, Sg was one of them, and it suffered greatly, nothing can help it. Today, we face a world recession where all countries share the same sentiments, all are trying to boost the economy into the blue spot as the lost is more widely spreaded, so i predict we wouldn't see a situation worst then the Sars period. It will be low, but sustainable in that position up and down within the 5% extreme. -
Originally posted by charlize:
SPH?
yeap
May they raise their newspaper price even more
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Originally posted by eagle:
I'm slowly accumulating one particular stock trading way below it's 200 day moving average, and my average price gives me 6+% dividends yearly at the moment
At the current price, it is near 8% dividends... I'm waiting to average down further
wha, so cham, only 8% dividends with a lower price. why not put in bank for a fix of 3 months, can also get 8 to 10%. -
Originally posted by eagle:
yeap
May they raise their newspaper price even more
I think SPH's main source of revenue is through the advertisements.
In a recession, not many people will want to advertise as they will tighten their budgets.
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Originally posted by angel7030:
wha, so cham, only 8% dividends with a lower price. why not put in bank for a fix of 3 months, can also get 8 to 10%.Fixed D is much less liquid
and if compare foreign fixed D with stocks, capital appreciation due to currencies (if any) is much less than getting stocks at this time. For SPH, there's a high possbility of 30% capital appreciation at the moment.
And for STI ETF, the possibility is 100% at the moment with a target time horizon of 5 years, and we can wait till sti drops to 1200 to buy in, giving us a high probability of reaching 200% capital growth. Compare this to your measly 10%, I rather take this 'risk' to buy STI ETF.
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Originally posted by charlize:
I think SPH's main source of revenue is through the advertisements.
In a recession, not many people will want to advertise as they will tighten their budgets.
SPH will be part of my long term holding portfolio, with a time horizon of 30+ years...
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Originally posted by eagle:
SPH will be part of my long term holding portfolio, with a time horizon of 30+ years...
Hope u live long enough to see it... -
Originally posted by angel7030:
Hope u live long enough to see it...30 years from now, I would still need more than 10 years to reach retirement age.
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SPH buy back "old newspaper" "old magazine"
APB buy back "emptied bottle"
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DBS to lay off 900 staff by end Nov
Posted: 07 November 2008 1355 hrs
Photos 1 of 1 
Development Bank of SingaporeRelated News 
• DBS reports 38 per cent fall in Q3 profit SINGAPORE: DBS, Singapore's largest bank and one of Southeast Asia's largest bank, has announced that it will be laying off 900 staff by the end of this month.
DBS said the job cut will come mainly from Singapore and Hong Kong.
At a news conference to announce its third quarter results on Friday, DBS Group CEO Richard Stanley said this forms six per cent of its total workforce and is the largest job cut ever.
The job cut will be across all businesses and all levels.
Laid off staff will be paid the equivalent of one month's salary for every year of service as per market practice.
DBS said it has no plans to cut beyond this and also clarified that there are no plans for salary cuts.
Back in 2001, DBS laid off 200 staff in Singapore and implemented pay cuts. - CNA/vm -
No need sti... we can go NYSE invest Citibank, Or LVS... Or you can go london invest Barclays... Or we can go aussie land and invest ABC.... Dun trust me?
these tips are not from me, they from experts who are paid sun and stars ok?
buy these stock and you will huat!!! Huat like Ho Ho HO -
STI recovered much of the earlier day lost and end up higher.
however, i still dont see how much this rally can last as there are really nothing to cheer abt. much of the 3Q earning are down or missing estimates. things are just gona be worse off for 4Q08, 1Q09.
i had done a brief study on china market. to me it is getting worse faster than most ppl thought! any growth below 8% will cause millions of unemployment in major cities and force domestic consumption to drop. Not to mention the China GDP of around 40% are derive from export base. this section of the economy has already been hit!!
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Originally posted by reyes:
STI recovered much of the earlier day lost and end up higher.
however, i still dont see how much this rally can last as there are really nothing to cheer abt. much of the 3Q earning are down or missing estimates. things are just gona be worse off for 4Q08, 1Q09.
i had done a brief study on china market. to me it is getting worse faster than most ppl thought! any growth below 8% will cause millions of unemployment in major cities and force domestic consumption to drop. Not to mention the China GDP of around 40% are derive from export base. this section of the economy has already been hit!!
Hike Fuhrer,We therefore need to be caution and conservatives, regroup and wait for the right moment, China market now is very vulunerable, better dun take the risk. As said, things will get worst in 2009, how worst is it, nobody really knows, but certainly it will be more worst than now.
Angel
Field Marshal
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that right, i am very sceptical about company like chinahongxing, china XLX and china shares whether they can delivered good earning for 1Q2009 where the full impact of global recession start to really hit china.
they way the china central banks slash their rates in anticapation of slowdown make my spines shivered! it could be very serious slowdown and causing the central banks to take drastic action for rate cuts to spurs spending!
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Originally posted by reyes:
that right, i am very sceptical about company like chinahongxing, china XLX and china shares whether they can delivered good earning for 1Q2009 where the full impact of global recession start to really hit china.
they way the china central banks slash their rates in anticapation of slowdown make my spines shivered! it could be very serious slowdown and causing the central banks to take drastic action for rate cuts to spurs spending!
ya, like china energy, wow, scary, I think china is facing it first biggest downturn since opening up its market to the world, how are they going to tackle it will be an important issue that to look upon as most of the countries are now in a way tight to China economy -
i am equally worried when i turn on CNBC, bloomberg everyday, listenening to the so call financial analyst painting a good picture of china and india. i am not so sure what is their ulterior motive, but these days, you cant believe them anymore. i rather listen to Tan Kim Lian!!
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This is the time to start accumulating cheap shares! Valuations are at an all time low.. go check the P/E ratio. It's less than 10 at the moment!! Even if the market is hit by bad news it will at most go down another 10-20%, but if the market has fully priced in the recession the market will continue the upward climb and double within a few years where it fell.
Just remember the market leads the general economy. Even though a massive recession is at hand, the markets have priced most of it in. You can have a rebounding market even if jobs are being cut and businesses are being shut. Just go study the previous recessions.. all are of the same pattern.
If you don't think now is the right time to buy, I have a feeling you are probably not an astute investor and probably have never made much money from investing ever. Once in a century affair. don't buy now and you will miss the boat for the next wave!@! Of course, don't go buy any random counter! Not all counters are recession proof!
Go forth, buy and get wealthy!
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well accumulation of blue chips at current valuation are indeed attractive provided you have enough ammunition to hold out for a year or maybe longer. i think most average singaporeans does not have the necessary resources to buy into blue chips and hold out for a year short of horizons especially with global economy looking bleak, ppl would be better off having cash for emergency.