Up to-date current Financial News for Investors
Tech-savvy &
               'without peers'


It will be hard pressed for the building maintenance services division of the CNA Group to maintain its 10% to 15% share of the overall contribution to the annual turnover of the company, noted Group President & CEO, Michael Ong. more
 
Current Issue...
  • From the President's Desk
  • Tech-savvy & 'without peers'....Corporate Watch
  • We're in the early stages of a bull market
        
     ....Investor Watch
  • Falling US bank stocks may foreshadow S&P 500 decline
        
    ....Investor Watch
  • Data give signs of global recovery ....Investor Watch
  • India on track for 7% growth, ministry says
        
    ....Investor Watch
  • China's PMI expands a fourth month
        
    ....Investor Watch
  • Japan past worst of slump, says minister
        
     ....Investor Watch
  • Silver lining for Cathay, SIA in surge of fuel prices
        
     ....Investor Watch
  • Volatility index at lowest level since Lehman collapse
        
     ....Investor Watch
  • Japan’s factory output posts 3rd monthly gain
        
     ....Investor Watch
  • Financial reforms in China to pick up pace
        
     ....Investor Watch
  • World Bank raises China growth forecast
        
     ....Investor Watch
  • US stocks gained, but for how long?....Feature
  • For Older Investors, Old Rules May Not Apply
         ....Feature
  • Sentiment Will Get You Only So Far....Feature
  • Building a Portfolio That Will Stay Afloat When Inflation
        Returns
    ....Feature
  • Henderson Horizon Fund (China) Update
        
    ....Fund Watch
  • Time for Asia to finally emerge from the West's
        shadow?
    ....Fund Watch
  • Semiconductor recovery likely in 2010
         ....Sector Watch
  • Chemical Fibre – Nylon industry seeing signs of recovery
         ....Sector Watch
  • Phillip Commentary – 29 June 2009....Investor Watch
  • Insider Trades Tracker
  • Chart Watch
  • Stock Watch
  • Helping You Ease Back into the Market

  • INVESTOR WATCH
    It's a bear-market rally, says Saxo
    Despite the current oft mention of "green shoots" appearing in the flagging economies around the world, investment strategists at Saxo Capital Markets are quick to remind investors that there are still widespread patches of "brown grasslands" in the global economic landscape.

    We’re in the early stages of a bull market
    Q&A with William Miller, chairman and chief investment officer of Legg Mason Capital Management on his market outlook

    Falling US bank stocks may foreshadow S&P 500 decline
    Declines of more than 20% in US regional banks and homebuilders and the failure of transportation companies to erase their annual loss may be signs the rally in the Standard & Poor's 500 Index is about to fizzle.

    Time to dollar average on stocks, says BlackRock strategist
    With the deep despair of yesteryear over the global economy finally receding, investors should try to invest through a dollar cost averaging strategy, says Bob Doll, the vice-chairman and chief investment officer for global equities at the US asset management firm, BlackRock.

    Data give signs of global recovery
    The global downturn appeared close to a bottom on Wednesday after manufacturing figures from across the world suggested the worldwide recession was running out of steam in all big economies.

    India on track for 7% growth, ministry says
    India could see growth this year of roughly 7 per cent and then resume the faster expansion of recent years, provided it makes sweeping reforms including removal of fuel subsidies and accelerates infrastructure development, a key government report said.

    China's PMI expands a fourth month
    China's manufacturing expanded for a fourth month as government stimulus spending and record bank lending sparked a recovery in the world’s third-biggest economy.

    Japan past worst of slump, says minister
    Japan has passed the worst of its current slump and is on course for growth in its next fiscal year, but the recovery of the world’s second largest economy could yet prove vulnerable.

    Phillip Commentary – 29 June 2009
    Blooms in the credit market?
    Last week, the Fed kept interest rates unchanged and said that the US economic recession was easing. How did the market react? Dexter Tan of Phillip Securities assessed the impact of the Fed's action on various asset classes.

    Silver lining for Cathay, SIA in surge of fuel prices
    Cathay Pacific Airways, Air China Ltd. and Singapoe Airlines can take some solace from the 43% surge in the price of jet fuel this year in that it will help to trim losses from their fuel hedges.

    more   

    --------------------------------------------------------------------------
    CORPORATE WATCH
    CNA Group
    Tech-savvy & 'without peers'
    It will be hard pressed for the building maintenance services division of the CNA Group to maintain its 10% to 15% share of the overall contribution to the annual turnover of the company, noted group president & CEO, Michael Ong. more

    China Fibretech
    Sheltered from falling Chinese exports
    If you happened to catch the news on BBC or CNN in the past couple of months about the jobs situation in China, you are likely to get the impression that there had been... more

    Sembcorp Industries JK Yaming
    Hyflux Ltd • Thai Beverage(SIAS HeartTalk)
    China Eratat Thai Beverage
    Micro Mechanics Action Asia
    Viz Branz Limited Sunmart Holdings Ltd
    YHI International Ltd  
    --------------------------------------------------------------------------
    ---------------------------------------------------------------------------
    THE OTHER VIEW
    click here for archive >>   
    FEATURES  
    US stocks gained, but for how long?
    The good news is that Wall Street finished its best quarter in years on Tuesday – part of a dizzy spree that lifted the broad market 35 percent since early March. The not-so-good news? It would take almost three more rallies like that to push the Dow Jones industrial average back to 14,000 and return markets to where they were before the financial crisis. more
    For Older Investors, Old Rules May Not Apply
    The stock market's damage has already been done. And if you are one of those people near or already in retirement, you already know you're going to have to work longer, save more or spend less. But what should you do right now with the money you have left? Should you wade back into the stock market, if you bailed out when the market was plunging? Or if you watched your investments drop and then recover a little in the last few months, should you just hold on? more
    Sentiment Will Get You Only So Far
    Going forward, we believe company fundamentals such as revenue growth, profit margins and return on equity (ROE) will be more important than sentiment In this recovery, it will be harder to use financial leverage to increase profitability. Those companies that can improve ROE without increasing financial leverage should command a premium valuation. more
    Building a Portfolio That Will Stay Afloat When Inflation Returns
    Most economists don't expect inflation to arrive anytime soon. But nobody really knows when it will appear or how corrosive its effects will be. In the meantime, financial planners are suggesting that investors make sure that their portfolios are well positioned to withstand any impact on their hard-earned money – before it's too late. more
    10 banks to exit aid assistance programme
    The Obama administration marked with little fanfare a major milestone in its bank rescue effort with its decision to let 10 big banks repay federal aid that had sustained them through the worst of the crisis. But after banks return the Troubled Asset Releif Programme (TARP) money, the administration will forfeit much of its leverage over them. With that loss goes a rare opportunity to overhaul the industry. more
                                                                  click here for archive>>

    My Money Webcast

    FUND WATCH SECTOR WATCH CHART WATCH

    Henderson Horizon Fund (China) Update
    Q&A with lead fund manager, Andrew Mattock more

    Time for Asia to finally emerge from the West's shadow?
    Asian equity markets have been pegged back by the underperformance from the rest of the world, even though below the surface the differences between the two regions are quite pronounced. more

    Superfund's multi-strategy fund for high networth investors
    Managed futures specialist, Superfund has launched a new multi-strategy diversified fund named Superfund White in Singapore, one that co-opts several different strategies to achieve consistent high returns with relatively low volatility regardless of the economic or market environment. more

    click here for archive>>

    Semiconductor recovery likely in 2010
    There seems to be a lot of positive news coming out lately for the global semiconductor sector. From industry players to market research firms, calls for the bottoming out of global semiconductor sales and...

    Chemical Fibre – Nylon industry seeing signs of recovery
    China's chemical fibre industry has likely hit bottom after entering a down cycle from late-4Q08 to early-1Q09. Implications include the plunge in selling prices, lower production, decreased profitability, longer receivables and...

    Relooking at the laggards of the oil cycle
    The offshore support vessel (OSV) sector is a late-cycle beneficiary in an upturn of the offshore oil and gas industry. We believe higher oil demand may mark the start of another secular growth. We view the firmness in the OSV's share prices following recent placement exercises with optimism.

    more

    STI – Trending up cautiously
    The STI has been trading up cautiously but there is uncertainty in the advance. The 2400 to 2424 region is the nearest resistance level. Investors are advised to keep bets light with a long bias.

    STI: Buy on dips and sell into strength near 2,400
    The FSSTI Has rebounded off 2,211 to 2,332 last Friday. We also suggested going long on several stocks. Most of these have rallied in recent days. Our observations are...

    STI – Further downside
    With the MACD chart remaining bearish, we are of the opinion that the STI is set to lose further ground in the near-term with initial support at the 2,211 – 2,218 region

    Key Support for STI at 2237
    Watch the 2237 level closely. This is the most recent low for the STI. Should the STI crack 2237, it would indicate to us that immediate momentum has a downward bias and this in turn should take the STI lower.

    more

    INSIDER TRADES TRACKER

    Selected Insider Trades:
    Week of 22 June – 26 June 2009

    more

    click here for archive>>

    -------------------------------------------------
    STOCK WATCH

    SingTel: Buy
    (OCBC Research, 2 July)

    Singapore Airlines: Buy
    (Kim Eng, 2 July)

    Sembcorp Marine: Sell
    (Kim Eng, 2 July)

    Sembcorp Marine: Buy
    (DBS Research, 2 July)

    Midas Holdings: Buy
    (DMG. 2 July)

    Cambridge Industrial Trust: Buy
    (Phillip Securities, 1 July)

    Parkway Life REIT: Buy
    (Phillip Securities, 1 July)

    Suntec REIT: Hold
    (Phillip Securities, 1 July)

    Ho Bee: Hold
    (Phillip Securities, 1 July)

    SC Global Developments: Hold
    (Phillip Securities, 1 July)

    KSH Holdings: Neutral
    (DMG, 1 July)

    Straits Asia Resources: Buy
    (OCBC Research, 30 June)

    Singapore Exchange: Sell
    (DMG, June 30)

    more

    click here for archive>>


    Disclaimer
    This SIAS eMagazine is for information only. It does not have regards to the specific investment objectives, financial situation and the particular needs of any specific person who may receive or access this SIAS eMagazine. It is not to be construed as an offer, or solicitation of an offer to sell or buy securities referred herein. The use of this material does not absolve you of your responsibility for your own investment decisions. We accept no liability for any direct or indirect loss arising from the use of the information in this magazine. This SIAS eMagazine may not be reproduced, distributed or published for any purpose by anyone without our specific prior consent.

    EDITOR:
    AJ Leow
    editor@sias.org.sg
    <empty>
    ADVISORY BOARD :
    David Gerald
    Christopher Cheong  
    Andrew Cheng
    Ang Hao Yao
    <empty> <empty> <empty>