Latest Posts By ozone2002
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About ozone2002
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| 22-Feb-2010 09:03 |
Swiber
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Swiber
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oil $80 ..!! good good |
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| 20-Feb-2010 11:40 |
User Research/Opinions
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Consipracy theories
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Lately u have heard of 9/11 csonpiracy of it being staged, it being an insider job. I have heard many others, which may sound absurd but if u take time to think it thru.. it starts to make sense.. some ofthe consipracies i heard are.. 1) HAARP technology, which can be used to manipulate the weather. Some are pointing to this as the cause of the recent Haiti earthquake. 2) The world is controlled by a bunch of very wealthy bankers, such as the Illuminati and The Bilderbergs, Skull and Bones society, Freemason, etc, who orchestrate recessions, wars, & the latest sovereign debt. You can search under youtube for more details to be convinced.. |
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| 20-Feb-2010 11:13 |
GLD USD
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Gold going up this year?
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Dan Norcini: IMF Gold Sales Is A Bullish Indicator! After the pit session trade had already closed for the day in New York, news came out that the IMF was planning on selling the remainder of 403.3 tons of gold, 191.3 to be exact, on the open market. Gold was immediately taken down hard in the thin trading conditions, dropping more than $14 on the day. There are several things about this that should be noted. First is the timing – it comes on the heels of a resumption of the uptrend in gold with many technical indicators having moved into the buy mode. It also coincides with another brand new all time high in the price of Gold priced in Euro terms at the London PM Fix. Those of us who have been around the gold market long enough know full well that the timing of this announcement is therefore no coincidence but was timed to attempt to derail the returning bullish sentiment in the yellow metal. Why announce the sale publicly which is guaranteed to receive a lower price for the metal than if the IMF had just quietly sold the metal into the market. This is reminiscent of then Prime Minister Gordon Brown’s announcement that England intended to sell its hoard of gold. That guaranteed that Britain would receive the lowest price possible. Secondly, China was one-upped by India’s purchase of some 200 tons of gold late last year and got caught flat footed. The spin on this gold sale is that the IMF announcing that they would sell the gold into the open market means that Central Bank demand for gold is not as vibrant as the market was led to believe. That is an interesting tall tale. The simple truth is that Central Banks do not generally buy gold and announce their intentions to do so beforehand. Neither do they tend to buy when prices are moving higher as the momentum based hedge funds do. Time and time again we have seen that the CBs buy gold during episodes of price weakness. Once news hit the wire last year that India had bought 200 tons of gold, the price never looked back and shot straight to $1220+. Any Asian Central Bank that missed buying the gold as a result is certainly not going to panic and rush into the market to obtain it. They are waiting for lower prices where they will acquire the metal. To state therefore that Central Bank demand for gold must not be as robust as originally thought is quite shallow analysis. My view is that this announcement means nothing in the longer term scheme but was rather a cheap trick to take the market lower. We have already seen this week how some noted elites were pooh-poohing gold and trash talking the metal all the while they were acquiring a position in it. Nothing ever changes in this gold market. It is still one of the least transparent markets on the planet and perhaps the most prone to official sector interference. Do not be disturbed by the news. It is probably going to be a one or two day wonder and then that will be it. Gold will then go back to trading the currencies taking its cues from the action in the Dollar. Incidentally, this sale is supposedly going to be phased in over an extended period of time. Rest assured, the IMF would love nothing better than to sell the whole 191 tons in one lump sum to another Asian Central Bank. |
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| 19-Feb-2010 15:49 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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yeah buy some put warrants for monday's impending drop.. |
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| 19-Feb-2010 15:12 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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So good ah? lower CPI no inflation...so good ah? Singapore: 4Q GDP Revised Upwards on Stronger Manufacturing Growth · Singapore's 4Q GDP was slightly higher compared to the advance estimates, at -2.8% q/q saar and +4.0% y/y (adv est: -6.8% q/q saar and +3.5% y/y), on stronger manufacturing production as well as services growth. · MTI has revised its projection for 2010 GDP upwards, to 4.5-6.5% from 3.0-5.0% for this year. · In the 4Q, manufacturing growth was more robust at 2.2% y/y compared to 1.0% in the advance estimates, on the low base from last year. · The services sector came in better than advance estimates, at 4.1% y/y in the 4Q, compared to 3.7% y/y. · The signs of a recovery look clear. Industrial output should also be ramping up this year on the back of increasing external demand. The construction sector should also continue to benefit from government proposals to develop infrastructure as well as rejuvenating some housing estates. We expect services, particularly retail, and hotels, to get an uplift from the 2 IRs. · The official forecast for CPI inflation in 2010 has been revised downwards to 2.0-3.0% from 2.5-3.5%, due to the rebasing of the CPI. |
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| 19-Feb-2010 13:40 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i prefer 5 yrs bonus have a not :) |
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| 19-Feb-2010 13:02 |
Healthway Med
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healthway, healthy?
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no matter how rich u are.. u still have to be humble.. |
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| 19-Feb-2010 11:45 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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next week is S'pore budget 2010 i predict that it will help to boost the STI upwards just by looking at the efforts that the S'pore govt is putting in.. DYODD |
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| 19-Feb-2010 11:20 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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So good ah..
Singapore Sees Economy Expanding 4.5% to 6.5% in 2010 (Update2)
By Shamim Adam and Shiyin Chen Feb. 19 (Bloomberg) -- Singapore’s government said the economy will expand faster than initially expected this year, adding to evidence of a sustained regional recovery that has prompted policy makers to end some stimulus measures. Gross domestic product will increase 4.5 percent to 6.5 percent in 2010 after shrinking 2 percent last year, the trade ministry said in a statement today. That compares with a previous prediction for growth of 3 percent to 5 percent this year. The economy contracted an annualized 2.8 percent from the previous three months last quarter after climbing a revised 11.5 percent from July to September. Singapore is seeking ways to ensure its economy expands in a more sustained manner after three recessions in the past decade, with its most recent slump the worst since independence in 1965. The government is trying to boost services by allowing casino companies such as Genting Singapore Plc and Las Vegas Sands Corp. to operate and has promoted drugs production as electronics makers move to lower-cost countries such as China. “The steady recovery in global demand has boded well for the performance of the manufacturing sector and should continue to provide the growth impetus for the sector going forward,” said Irvin Seah, an economist at DBS Bank Ltd. in Singapore. “Our view on the services sector is that it should replace the manufacturing sector this year as the key pillar of growth for the economy.” Monetary Policy Central banks around the world are starting to raise interest rates or tighten monetary policy as the economic recovery takes hold. The Federal Reserve yesterday increased the discount rate charged to banks for direct loans by a quarter point to 0.75 percent and said the move will encourage financial institutions to rely more on money markets rather than the central bank for short-term liquidity needs. The Monetary Authority of Singapore said in October it will maintain a zero appreciation stance in its currency policy, refraining from further monetary easing after opting for a de- facto devaluation of the exchange rate in April. Economists are still mixed about the timing of the next move by Singapore’s central bank, which reviews its currency stance twice a year, in April and October. Singapore’s monetary policy stance remains appropriate, the central bank said today. The Singapore dollar fell to S$1.4129 from S$1.4074 versus the U.S. currency as of 9:10 a.m. in Singapore. The benchmark Straits Times Index fell 0.2 percent to 2,763.98. ‘Lingering Uncertainties’ “Against lingering uncertainties in the external environment, policy makers may remain cautious about the strength of the recovery in the Singapore economy this year,” said Selena Ling, head of treasury research at Oversea-Chinese Banking Corp. in Singapore. “There may be little immediate impetus for a policy tightening come April, especially since there are few signs of stronger global inflationary pressures.” Inflation will probably average between 2 percent and 3 percent this year, from a previous estimate of between 2.5 percent and 3.5 percent, the government said today. The revision is a result of a rebasing of the consumer price index, it said. Singapore’s $182 billion economy grew 4 percent in the fourth quarter from a year earlier, compared with the median estimate for a 3.9 percent gain in a Bloomberg News survey of 11 economists. That is better than the Jan. 4 estimate of a 3.5 percent gain. The “global recovery that began in the third and fourth quarters of 2009 has gathered momentum and will strengthen over the first half of 2010,” the government said today. “Our view of the second half of 2010 remains unchanged from our assessment three months ago. Several factors continue to cast a shadow on the outlook for the second half of the year and going into 2011.” Expansionary Budget Singapore will probably incur a third consecutive budget deficit this year as the government unveils another expansionary spending program to boost the island’s productivity in the next decade, economists say. Finance Minister Tharman Shanmugaratnam will outlay this year’s spending plans on Feb. 22. A government-appointed panel this month outlined seven proposals to restructure the economy including doubling productivity and relying less on foreign labor, a move that may increase costs for companies such as property developer CapitaLand Ltd. and oil-rig builder SembCorp Marine Ltd. Manufacturing, which accounts for about a quarter of the economy, rose 2.2 percent from a year earlier last quarter, after gaining a revised 7.6 percent in the three months through September. Singapore’s non-oil domestic exports will probably gain between 10 percent and 12 percent in 2010, after shrinking 10.6 percent last year, the trade promotion agency said today. External Demand “Singapore’s heavy dependence on external demand means that its economic performance remains highly correlated with the global economic recovery,” said Alvin Liew, an economist at Standard Chartered Bank in Singapore. The island’s services industry grew a revised 4.1 percent last quarter from a year earlier, after falling a revised 2.3 percent in the previous three months. The construction industry gained 11.2 percent, compared with a revised 11.5 percent increase in the third quarter. Genting’s Resorts World Sentosa opened its casino last weekend, attracting more than 35,000 gamblers, newspaper reports say. Singapore aims to lure 17 million visitors and triple annual tourism revenue to S$30 billion by 2015. Las Vegas Sands Corp. says it may open the Marina Bay Sands casino in April. |
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| 19-Feb-2010 10:48 |
Ezion
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Niche services to the offshore sector
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CHARTVIEWS For 19th February 2010 Ezion Holdings - Bullish breakout suggest more upside potential Levels to Watch in Trading: Support set at S$0.69 Resistance set at S$0.775 Stock Rating: No Rating Target Px: NA Last Closing Px: S$0.71 52-week Px Range: S$0.10 - S$0.89 SGX Code: 5ME BLP Code: EZI SP Equity |
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| 19-Feb-2010 10:47 |
Swiber
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Swiber
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read all analyst report with a pinch of salt Summary: Swiber has secured about US$306m worth of contracts YTD, and we estimate the group’s share to come up to about US$145m. A few of the contracts that it has secured recently start work immediately, while others only commence in 2Q10. Given that the group secured less work last year with fewer contract flows, we are not expecting 4Q09 to turn in a particularly good set of results, with core net profit margin likely to be in the single digit range. News of more contract wins is expected going forward, and Swiber’s enlarged fleet and personnel should mean that the group can undertake more work and reduce its reliance on sub-contractors. However, we are not ready to incorporate strong margin assumptions such as those witnessed in 2007 and 1H08. Swiber has been clinching deals in quick succession, which portends well for the industry and the group. As the group is announcing its 4Q09 results in about two weeks’ time, we hold off adjusting our earnings estimates until then; for now, we maintain our HOLD rating with fair value estimate of S$1.10. |
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| 19-Feb-2010 10:45 |
Yanlord Land
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Yanlord Dome Collapses
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credit suisse stating that china property stocks are dirt cheap.. they must be the ones tryin to push up yanlord n gang |
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| 19-Feb-2010 10:41 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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the free falling continues.. |
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| 19-Feb-2010 10:40 |
Swiber
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Swiber
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bought more @ 1.03.. dip dip buy buy |
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| 19-Feb-2010 09:13 |
Genting Sing
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GenSp starts to move up again
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this is even better than goin to RWS to play the casino.. no Q, no $100 levy.. only grouse is no free food..haha |
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| 19-Feb-2010 09:07 |
Genting Sing
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GenSp starts to move up again
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dropping like flies.. 92 now.. can't beat em..join em.. |
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| 19-Feb-2010 09:04 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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57.5 not too late to join in the fun.. dyodd |
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| 19-Feb-2010 08:57 |
Swiber
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Swiber
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don't read so much media reports.. last i heard price of oil was $78.. |
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| 18-Feb-2010 17:19 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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another reason to rejoice or regret? Singapore Budget 2010 Preview: Positioning For The Next Phase of Growth · Increasing productivity, nurturing Singapore companies, and sustaining growth will likely be the dominant theme. Budget 2010 has to ensure that the economy continues to expand and that low unemployment, high productivity is maintained. · The deficit for FY 2009 is expected to be smaller than the $8.7 bn (or about 3.5% of nominal GDP) budgeted. We estimate a primary budget deficit of $7.5 bn (2.9% of GDP) for FY 2010, with the overall budget deficit coming up to $7 bn (2.7% of GDP). · To achieve productivity growth, the government will probably set aside a substantial amount to improve the skill sets and expertise of the work force. Continuing education will be encouraged probably through the use of subsidies as well as tax deduction for expenses incurred by individuals pursuing academic qualifications, related to their employment. · In looking to raise productivity growth rates, the issue of managing foreign worker dependence will be touched on. We can expect more concrete measures on how the government will implement the progressive hike in foreign worker levies, as well as a timeline at which this will take place. · Nurturing indigenous companies is another key proposal of the ESC. The budget could address this goal in the form of increased funding for start-ups, as well as tax breaks on foreign income. · Tax cuts might probably not be touched on during Budget 2010, seeing as to how corporate income tax rates are already very competitive and was cut last year during Budget 2009, from 18% to 17%. · The escalating price of property in Singapore is of importance, and the government should be making some announcement/clarification on this topic. |
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| 18-Feb-2010 17:01 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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the thing about trading is that.. sometimes u win..sometimes u lose.. find me someone who wins all the time? so the strategy here is ..ur win margin must be bigger than ur lose margin (in terms of absolute $ terms) so before u go into any trade.. set ur stop loss..if it hits..just do as planned.. if it doesn't let it ride till there's reversal..very simple.. |
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