Monday, July 29, 2013

Money Max IPO

moenymax ipo: Offering Price: S$0.30. NTA per share (post IPO): S$0.1555. Historical PE (post IPO): 15.5x (FY12). Close: 31 Jul 2013, 12.00 noon . Trading: 2 Aug 2013, 9.00 a.m.

Friday, July 26, 2013

Mirach Energy - well supported at $0.30

cosmosteel looking to break above $0.40 and $0.440

Wednesday, July 24, 2013

Perennial CRT - Triangle Break out !

Maxi Cash support at $0.460

BRC Asia , need a strong break out of $0.20 and $0.22 to go all time high !

Tuesday, July 23, 2013

Federal Reserve Chairman Ben S. Bernanke in September will trim the Fed's monthly bond buying ....

Federal Reserve Chairman Ben S.
Bernanke in September will trim the Fed’s monthly bond buying to
$65 billion from the current pace of $85 billion, according to a
growing number of economists surveyed by Bloomberg News.

Monday, July 22, 2013

Equities: is now a good time to buy?

Sunday, July 21, 2013

Market Cycle - Where are we now???

Base on now , we are near to Market Top, basic material prices are going up like crude oil and energy. Bonds price is low We are in the late expansion base on this Market Cycle chart. Please take note !!!

Wednesday, July 17, 2013

Federal Reserve Chairman Ben Bernanke said the timeline for the tapering of the stimulus program was not set in stone

US Equities: U.S. equities ended modestly higher after Federal Reserve Chairman Ben Bernanke said the timeline for the tapering of the stimulus program was not set in stone. IBM advanced almost 3% in extended-hours trading after IBM increased its full-year earnings forecast and announced second-quarterly earnings that outperformed estimates. Bucking the trend, American Express dropped 1.9% after the European Commission said it would propose limits on charges that banks can bill to process debit-card and credit-card transactions. European Equities: European stocks close higher, boosted by reassurances from the U.S. Federal Reserve that it will be flexible in its stimulus-trimming plans. The world's largest cosmetics group L'Oreal dropped 0.6% as second-quarter sales shrank. Miners in UK benefitted from a strong update from rival Rio Tinto a day earlier as BHP rose almost 2%. Asian Equities: Hong Kong stocks closed higher as strength in Chinese coal and cement counters helped compensate a 10% decline in China Resources Power. Nikkei share average rose marginally to an eight-week closing high as investors hesitated in making large bets before key events, including the U.S. Federal Reserve chairman's testimony to a congressional panel later in the day. In Singapore, telecommunications firm M1 Ltd rose at least 2% in a weaker broader market, helping kick off Singapore's results season. Thailand's benchmark index advanced to a two-week closing high buoyed by banks. Crude Oil: Brent crude edged higher after the U.S. Energy Information Administration announced further decrease in American crude stockpiles. EIA's weekly petroleum data showed a 6.9 million barrel drawdown in American crude stockpiles, continuing the declines over the last three weeks to at least 27 million barrels, the largest three-week drop on record. Currencies: The U.S. dollar advanced broadly after Federal Reserve Chairman Ben Bernanke confirmed market expectations that the U.S. central bank will start tapering its monetary stimulus this year as long as the economy grows in accordance to expectation. Sterling surged to a two-week high versus the dollar and pulled away from a four-month low against the euro after minutes from a Bank of England meeting surprised investors who had speculate on more signals on monetary policy loosening. Key events/data to look out for: § US: Unemployment Claims, Philly Fed Manufacturing Index § UK: Retail Sales Source: Reuters/Phillip Futures

DJ Singapore Press Holdings Prices REIT IPO at S$0.90/Unit

SINGAPORE--Singapore Press Holdings Ltd. (T39.SG), the city-state's largest publishing company, has priced the initial public offering of its retail-focused real-estate investment trust at 90 Singapore cents (US$0.71) per unit, the top of an indicative range, setting the stage for an up to S$554 million flotation. SPH REIT is offering about 308.9 million units to institutional and retail investors, excluding an over-allotment option, ahead of its planned July 24 listing on the Singapore Exchange, according to its prospectus filed Wednesday to the city's central bank. The public offering, comprising nearly 84 million units, starts Wednesday evening and closes on Monday. The trust, which will buy two shopping malls from its sponsor for its initial portfolio, had earlier set an indicative price range of S$0.85-S$0.90 per unit. SPH has already secured five cornerstone investors who have agreed to subscribe to 251 million units. Cornerstone investors generally agree to subscribe and hold on to shares, expressing confidence in the company. The IPO, if successful, will be the first major flotation in Singapore since April, when Asian Pay Television Trust listed its Taiwan broadband communications business through a US$1 billion offering. Source : Dow Jones Newswires

Monday, July 15, 2013

Tee Land - Postive bar !

Sunday, July 14, 2013

Five Bubbles Investors Need to Watch

chasen , hiting 0.40 then 0.44

Silverlake uptrend may resume ! Take note !

UE may rebound to 2.50 level soon

Dow close at record high !!!

Thursday, July 11, 2013

STI resistance at 3251 to 3280 region

Wednesday, July 10, 2013

US STOCK FLAT after FED Minutes

US STOCKS-Wall St flat after Fed minutes, but Bernanke lifts futures Wed Jul 10, 2013 5:50PM EDT * FOMC minutes show members want more job gains before slowing QE * Bernanke's comments after-hours send futures higher * Family Dollar shares at seven-month high after earnings * Dow off 0.1 pct, S&P 500 up 0.02 pct, Nasdaq up 0.5 pct By Leah Schnurr NEW YORK, July 10 (Reuters) - The Dow slipped and the S&P 500 edged up less than a point on Wednesday, interrupting a four-day rally, with investors trying to gauge when the Federal Reserve may scale back on its economic stimulus. Minutes from the Federal Reserve's June policy meeting released on Wednesday afternoon showed many officials wanted more reassurance that the labor market was improving before reining in stimulus measures. Even so, consensus built within the Fed that there probably was the need to begin pulling back soon on its monthly bond buying. The three major U.S. stock indexes recovered some ground immediately on the headlines following the release of the minutes. But those gains were short-lived as investors parsed the details of the minutes. The Dow closed slightly lower to break a four-day winning streak, while the broader S&P 500 eked out a tiny gain. Investors appeared to be more encouraged by a speech from Fed Chairman Ben Bernanke that was delivered after the market closed. Bernanke said highly accommodative monetary policy is needed for the foreseeable future and that the U.S. unemployment rate at 7.6 percent may be overstating the job market's health. Bernanke's comments sent U.S. stock index futures higher. The central bank has said it will continue buying bonds until the labor market outlook improves substantially. "That is calming market fears," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York, referring to Bernanke's comments on the labor market. "Speculation that the tapering could be from September is now turning into, 'Maybe the Fed is going stay longer.'" Bernanke spooked investors last month when he said the economy's expansion was strong enough for the central bank to start slowing the pace of its bond purchases later this year. Some in the market have pegged September as when the Fed could potentially start pulling back, but the minutes suggested that was not a foregone conclusion. The Dow Jones industrial average dipped 8.68 points, or 0.06 percent, to end at 15,291.66. The Standard & Poor's 500 Index inched up just 0.30 of a point, or 0.02 percent, to finish at 1,652.62. The Nasdaq Composite Index gained 16.50 points, or 0.47 percent, to close at 3,520.76. The S&P 500 has risen more than 2 percent over the past five sessions, pushing the benchmark index to just about 1 percent below its May 21 all-time closing high of 1,669.16. With the Fed's quantitative easing program a significant driver of this year's rally in the stock market, the question of when and by how much the central bank could pull back has been a major focal point for investors. After an initial selloff following Bernanke's comments in June, equities have taken a more positive tone in recent days on optimism that the economy is indeed on firm enough ground to justify slowing the $85 billion a month in bond purchases, known as quantitative easing, or "QE." That view was reinforced by last week's stronger-than-expected jobs report for June. "The fear was that the Fed would remove QE for non-economic reasons, like they were worried about bubbles or that the cost of QE was exceeding its benefit ... and that got the equity market nervous," said Paul Zemsky, chief investment officer of multi-asset strategies at ING U.S. Investment Management in New York. "Now when you start to see employment numbers come in like the Fed's forecast had expected, then it's appropriate that they taper." In the retail sector, Family Dollar Stores Inc shot up 7.1 percent to close at $68.50. The stock, which ended at a seven-month high, was the S&P 500's top performer after the discount chain posted quarterly earnings. On the downside, Nabors Industries Ltd slid 6.3 percent to $14.99. The stock was the S&P 500's worst performer after the owner of the world's largest land-drilling rig fleet warned on Tuesday that its second-quarter operating profit would fall short of market expectations. After the closing bell, Yum Brands reported a drop in June sales at restaurants in China, though the decline was not as steep as the month before. Its shares edged up 0.5 percent at $72.70 in after-hours trading. During the regular session, Yum Brands shares slipped 0.4 percent to end at $72.36. Analysts expect S&P 500 companies' earnings to grow 2.6 percent in the second quarter from a year ago, while revenue is forecast to increase 1.5 percent from a year ago, according to Thomson Reuters data. Volume was roughly 5.7 billion shares on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the year-to-date average daily closing volume of 6.4 billion. Advancers outpaced decliners on the NYSE by a ratio of about 8 to 7. On the Nasdaq, advancers also took the lead, with seven stocks rising for every five that fell.

china minzhong break out above 1.08 , testing 1.20 soon

Tuesday, July 9, 2013

Cosmosteel potential upside if can cross $0.385

Sunday, July 7, 2013

Neratel - new high !

Thursday, July 4, 2013

BRC ASIA may retest 20cent level soon

Tee Land break out from bottom

Oscar Carboni points out the Gold "Holiday Reversal" is over. Down Gold now!