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08-Dec-2010 12:35

Genting Sing / Traders Lounge - Daily opportunities for everyone

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x 0

Ya notice gold drop to below 1400 level and silver crashed.

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08-Dec-2010 12:32

Genting Sing / Traders Lounge - Daily opportunities for everyone

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x 0

whether trend turns with continuation is impt tonight, u look at precious metals will notice its unusual le. Just my random thoughts only....

firewood ( Date: 08-Dec-2010 12:25) Posted:

USD is getting stronger ya?

Gaecia ( Date: 08-Dec-2010 12:23) Posted:

firewd, watch for currency direction ya.

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08-Dec-2010 12:31

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Regional logistics developer; initiate at Underperform
Global Logistics Properties (GLP) is a regional logistics property developer with a
portfolio of Japan and China completed and under-development assets and land
sites. Despite GLP’s thematic appeal and position within a consumer-linked
market, we believe valuations are overstating the group’s growth potential over
the next 12 months. We initiate with an Underperform rating and PO of S$2.10.
Business model geared to growth
GLP has an experienced management team in place with a successful track
record of portfolio growth. The Japan portfolio generates stable cash flow for
redeployment into China, poised as a high growth market. With a development
cycle of just 18 months, GLP has potential to generate superior returns. Entering
the fund management business is also expected to fast-track expansion plans.
However, limited re-rating potential at current multiples
We estimate GLP’s share price implies development spending of ~US$5bn. This
surpasses both management and our own expectations for growth. Stripping out
GLP’s Japan assets, accounting for 77% of RNAV, GLP’s share price equates to
a P/B of 2.1x for China, more expensive than peers. While the business model is
not in question, we believe current valuations leave limited room for re-rating.
Valuation and risks
Our S$2.10 PO includes our RNAV estimate of S$1.90/shr plus a development
premium of S$0.20/shr, both derived from DCF of future profits. Trading at a 15%
premium to RNAV and 30x 2011E P/E, we see GLP as fully valued. Key risks to
our Underperform rating are faster-than-expected development execution and/or
site acquisitions, higher rental growth, FX movements and cap rate compression.

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08-Dec-2010 12:29

Genting Sing / Traders Lounge - Daily opportunities for everyone

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x 0

Haiz HSI v weak today, will it reverse like last few days?

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08-Dec-2010 12:29

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Yup... and not losing is already winning... Smiley

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08-Dec-2010 12:26

Genting Sing / Traders Lounge - Daily opportunities for everyone

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x 0

Cash is king

iPunter ( Date: 08-Dec-2010 12:15) Posted:

To be safe (lessen risk), one should only aim to buy very low...

If one has the "aiyah! I missed the boat!" mentality,

one is destined to make losses sooner or later.

Thus, if one misses the boat, so be it (so what?)...

Always 'wait for the market to come to you'...

Not having a position is itself a position,

even for lengthy periods of time... Smiley

epliew ( Date: 08-Dec-2010 12:09) Posted:

cannot buy at the lowest.... mid low should be interesting to take position

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08-Dec-2010 12:25

Genting Sing / Traders Lounge - Daily opportunities for everyone

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x 0

USD is getting stronger ya?

Gaecia ( Date: 08-Dec-2010 12:23) Posted:

firewd, watch for currency direction ya.

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08-Dec-2010 12:23

Genting Sing / Traders Lounge - Daily opportunities for everyone

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firewd, watch for currency direction ya.

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08-Dec-2010 12:15

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Dec. 8 (Bloomberg) -- North Korea may have fired artillery shells into its water near the disputed western border with South Korea today, a government official in Seoul said. None of the shells fell crossed the border into South Korean waters and the government is examining the incident, an official at President Lee Myung Bak’s office said by telephone from Seoul, confirming reports by Yonhap News and YTN television broadcaster. The official declined to be named because of government policy. North Korea fired artillery toward South Korea’s Baengyeong island as part of what appears to be regular drills, Yonhap reported, citing an official at the presidential office in Seoul it didn’t identify. Tensions have risen on the Korean peninsula since North Korea shelled South Korea’s Yeonpyeong island, also near the western sea border, on Nov. 23, killing four people. South Korea’s military this week began live-firing exercises off its coastline in more than 20 areas, including near another border island off the west coast. The MSCI Asia Pacific Excluding Japan index was trading 0.7 percent down at 11:39 a.m. in Seoul, having been 0.25 percent lower before the Yonhap report. South Korea’s benchmark Kospi also dropped into negative territory before paring some of its losses to trade little changed at 1961.76. The won extended losses after the reports, sliding 0.9 percent to 1,141 won against the dollar. The Ministry of National Defense and the Joint Chiefs of Staff declined to comment on the reports. Admiral Mike Mullen, the chairman of the U.S. Joint Chiefs of Staff is in South Korea for talks with military officials. North Korea doesn’t recognize the so-called Northern Limit Line demarcated by the United Nations after its 1950-53 war with South Korea. The North demands the border should be redrawn to include Baengyeong, Yeonpyeong and three other islands part of its territory. The attack on Yeonpyeong was North Korea’s first shelling of South Korean soil since the war and came after Kim Jong Il’s regime was blamed for torpedoing the South Korean warship Cheonan in March, killing 46 sailors.

cannotfind ( Date: 08-Dec-2010 12:14) Posted:

why? wat they do?

firewood ( Date: 08-Dec-2010 12:02) Posted:

N. Korea really got nothing better to do.

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08-Dec-2010 12:15

Genting Sing / Traders Lounge - Daily opportunities for everyone

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x 0

To be safe (lessen risk), one should only aim to buy very low...

If one has the "aiyah! I missed the boat!" mentality,

one is destined to make losses sooner or later.

Thus, if one misses the boat, so be it (so what?)...

Always 'wait for the market to come to you'...

Not having a position is itself a position,

even for lengthy periods of time... Smiley

epliew ( Date: 08-Dec-2010 12:09) Posted:

cannot buy at the lowest.... mid low should be interesting to take position ?

iPunter ( Date: 08-Dec-2010 11:59) Posted:

I thought the 5-months low is 5.25?

I suppose, assuming a continued downtrend,

one can make quite a lot if it goes from here to that price again.

It's all a matter of assumption, and betting on that assumption.

And if one's assumption turns out correct then "Bingo!".

Otherwise it will be a bad trade... Smiley

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08-Dec-2010 12:14

Genting Sing / Traders Lounge - Daily opportunities for everyone

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No Prob. Thnks!

epliew ( Date: 08-Dec-2010 12:13) Posted:

i dunno how to check this..... my uob kayhian...just tell me filled !

firewood ( Date: 08-Dec-2010 12:11) Posted:

Can share who sell to u?

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08-Dec-2010 12:14

Genting Sing / Traders Lounge - Daily opportunities for everyone

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why? wat they do?

firewood ( Date: 08-Dec-2010 12:02) Posted:

N. Korea really got nothing better to do.

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08-Dec-2010 12:13

Genting Sing / Traders Lounge - Daily opportunities for everyone

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i dunno how to check this..... my uob kayhian...just tell me filled !

firewood ( Date: 08-Dec-2010 12:11) Posted:

Can share who sell to u?

epliew ( Date: 08-Dec-2010 12:08) Posted:

bought 2.1

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08-Dec-2010 12:13

Genting Sing / Traders Lounge - Daily opportunities for everyone

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GAR pls break out of 0.785 like what IndoFood Agri did !!

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08-Dec-2010 12:13

Genting Sing / Traders Lounge - Daily opportunities for everyone

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I think so leh

ShareWithMe ( Date: 08-Dec-2010 12:11) Posted:

Meaning is it going to gap down after the Halt ?

epliew ( Date: 08-Dec-2010 11:58) Posted:

WRITTEN BY THE EDGE WEDNESDAY, 08 DECEMBER 2010 08:41 Global Logistic Properties (GLPL.SI) (GLP) shares may come under pressure after it was reported the firm’s non-compete agreement with US rival ProLogis will expire in February, which may lead to stiffer competition for GLP in China. Under the non-compete clause, ProLogis is prevented from acquiring and building logistic distribution facilities in China, while GLP cannot acquire and build such properties in Japan, the local press reported, citing unnamed sources.

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08-Dec-2010 12:13

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Think....with DBS upgrade, indoagri is it accum or distribution?

DMG & Partners has raised its target price for coal miner Straits Asia Resources (STRL.SI) to $2.49 from $2.10, as it expects the price of coal to rise in the long term. However, it noted that the firm looks fairly-valued at current prices, and has maintained its “neutral” rating for Straits Asia.

rabbitfoot ( Date: 08-Dec-2010 11:56) Posted:

DBS analyst very strong. Just put IndoAgri into its Buy list today, it immediately flies...

ShareWithMe ( Date: 08-Dec-2010 11:54) Posted:

Indofood Agri is breaking out and flying sky high .. OMG !

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08-Dec-2010 12:11

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Meaning is it going to gap down after the Halt ?

epliew ( Date: 08-Dec-2010 11:58) Posted:

elton81 ( Date: 08-Dec-2010 11:40) Posted:

Anyone Know what happen to glp?

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08-Dec-2010 12:11

Genting Sing / Traders Lounge - Daily opportunities for everyone

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SINGAPORE, Dec 8 (Reuters) - Singapore will experience
slower economic growth and slightly higher inflation next
year, according to the central bank's quarterly survey of
economic forecasters released on Wednesday.
    The Monetary Authority of Singapore (MAS) said the median
estimate of 22 private sector economists was that the
city-state's gross domestic product (GDP) will expand by 5.1
percent next year, down from a forecast 15 percent in 2010.
    The 5.1 percent median estimate is within the government's
4-6 percent growth forecast for 2011.
    Singapore will likely be the world's fastest-growing
economy this year, helped by a rebound in manufacturing and
financial services as well as contributions from its two new
multi-billion-dollar casinos.
    Having bounced off a low base this year, next year's
growth will revert to levels consistent with that of a
high-income economy in fast-growing Asia.
    The private sector economists polled by MAS expect the
city-state's consumer price index to rise by 2.9 percent next
year, marginally more than the forecast 2.8 percent this year.
    They also predicted the Singapore dollar will
appreciate to S$1.24 per U.S. dollar by the end of 2011, from
S$1.29 at the end of 2010.
    The Singapore dollar is currently trading around S$1.31.
    Economists surveyed by MAS also made the following
projections:

                                 2011      2010
GDP (pct growth)                5.1       15.0
Non-oil domestic exports (pct   12        24
growth)
CPI (pct increase)              2.9       2.8
Unemployment (end of period,    2.0       2.1
seasonally adjusted)
Exchange rate (S$ per US$)      1.24      1.29
median estimates

    The MAS Survey of Professional Forecasters provides a
summary of forecasts of Singapore's key economic indicators by
economists and analysts. The survey is conducted every three
months and follows the release of quaterly economic data by
the Ministry of Trade and Industry.

(Reporting by Kevin Lim)

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08-Dec-2010 12:11

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Can share who sell to u?

epliew ( Date: 08-Dec-2010 12:08) Posted:

bought 2.14

firewood ( Date: 08-Dec-2010 12:00) Posted:

Some one keep filling up the buy q at 214 for GSP. Anyone bought or sold GSP today?

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08-Dec-2010 12:10

Genting Sing / Traders Lounge - Daily opportunities for everyone

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Any sell target?

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