Commentary
2 Topics today.
China GDP
A quick comment before China GDP comes out.
Consensus by Bloomberg is that China GDP will grow by 7.5% qoq.
Considering the current situation where the market is relatively low on expectations of this number, meeting or beating the expectations may see positive market sentiment.
So, that leaves 1/3 chance that market sentiment will move further negative on the Chinese market.
Looking at bigger S-chips here like Yanlord (Z25, $1.245) and Ying Li (5DM, $0.44).
New MAS rule prohibits preferential rates for property loans to clients buying designated properties
Comment: One would consider this another round of “cooling”. Such tie-ups have facilitated affordability by the mass market and active prohibition may reduce affordability and may therefore cause sales volumes and prices to decline. Watch CityDev (C09, $10.98) and KepLand (K17, $3.57). These 2 have a higher exposure to residential property than their peers.
Monday, 15 July 2013
Friday, 12 July 2013
Thursday, 12 January 2012
Market-Juice Special Announcement
Dear Clients,
Good day to you
It has come to my attention that Market-Juice Daily note may have been blocked by certain web-based email providers and also Facebook.
If you wish to unsubscribe from my daily mailers and notes in whichever format, please inform me and I shall take you out of my distribution lists.
Reporting or putting it into your "Spam" will result in the service-providers blocking this daily note and prevent it from reaching others who look forward to reading it everyday.
Thank you for your cooperation and kind attention.
Good day to you
It has come to my attention that Market-Juice Daily note may have been blocked by certain web-based email providers and also Facebook.
If you wish to unsubscribe from my daily mailers and notes in whichever format, please inform me and I shall take you out of my distribution lists.
Reporting or putting it into your "Spam" will result in the service-providers blocking this daily note and prevent it from reaching others who look forward to reading it everyday.
Thank you for your cooperation and kind attention.
Market Views 12 January 2012
click to enlarge
Announcements
There has been some problem sending this mail to Yahoo!Mail accounts the last few days. Please refer to web, facebook or twitter versions.
Happy New Year ☺
This year, there will be a series of seminars to help everyone better understand the markets.
Market-Juice Seminar Series will be covered over 6 months with 1 session each month.
We will start with "Mindset Tuning – the Optimal Attitude to Stock Market Investments" coming in the first week of Feb
Look out for more details coming soon
Juice
Macro
Spain auctions as much as 5b euros of 2015 and 2016 securities today, with Italy selling as much as 12b euros of bills today and as much as 4.75b euros of bonds in tomorrow.
Comment: Important to note the outcome of the debt sales by Spain and Italy. Note the take-up rate and the yields. We can also take direction from the movement of the EUR/USD pair and also the EU markets when they open for some expectations later
O&M
STX OSV's (MS7) stock price has started peeling away from the broader market in the past week, stoking expectations that its parent STX Europe might soon be selling its 50.75% majority stake in the offshore vessel builder.
Comment: Be careful of this one. If the share sales gets played again, this may cause a very strong sell off again
Property
Over in Choa Chu Kang, CDL has priced The Rainforest EC at about $730 psf on average for buyers on the normal progress payment scheme. The first-day sales result for The Rainforest is similar to the slightly over 150 units CDL sold for its Blossom Residences EC project at Segar Road in July last year. That project was priced at $685 psf on average. Those who opt for the deferred payment scheme (DPS) - which is still available for EC projects - will pay 3% more.
Comment: Property market remains weak but the property developers seemed to have bottomed out after a lousy performance in 2011. Time to look around and fish for possible winners. Keeping and eye on Capitaland (C31) CMA (JS8) and Kepland (K17) to accumulate on dips
Sources: Bloomberg, Reuters, WSJ, The Business Times, Analyst Reports, Company Announcements
Tuesday, 10 January 2012
Market Views 10 January 2012
click to enlarge
Announcements
Happy New Year ☺
This year, there will be a series of seminars to help everyone better understand the markets.
Market-Juice Seminar Series will be covered over 6 months with 1 session each month.
We will start with "Mindset Tuning – the Optimal Attitude to Stock Market Investments" coming in the first week of Feb
Look out for more details coming soon
Juice
Fund Flows
Hedge funds sit out rally with speculation on stock gains close to ’09 low. Rallying stocks have done little to entice professional money managers back to U.S. equities.
Comment: They probably lost too much last year to be too daring at the start of the year
O&M
Keppel (BN4) AmFELS to Construct and Upgrade Deepwater Semisubmersible for Diamond Offshore for US$150 million
Comment: This brings Keppel's orderbook to S$10.9b. Orderbook is stronger but price may be on the high side now
Ezra's (5DN) subsea construction division EMAS AMC wins about 450 million krone (S$97million) Statoil contracts in the North Sea on the Norwegian Continental Shelf. The deals are worth up to 600 million krone if options to expand the work to more floating platforms are exercised.
Comment: Note that Ezra is closing on its US$1b target orderbook. Which is a good thing
Sources: Bloomberg, Reuters, WSJ, The Business Times, Analyst Reports, Company Announcements
Subscribe to:
Posts (Atom)