|
Back
 x 0
 x 0
|
TP from the analysts are above $ 3.20. But Look at yesterday last done price .......... only 2.74. can we trust them ??
CIMB: TP $ 3.32 Outperform
Special dividend of 20Scts
WanSiTong ( Date: 10-Sep-2013 08:50) Posted:
OUE Ltd - Mid term turning up. ....
Recommendation: Accumulate
Previous close: S$2.87
Fair value: S$3.24
- OUE 2Q13?s 15.8% y-y increase in revenue to S$112.0mn, was met with a larger 56.6% increase in cost of sales. Gross profit dipped 8.5% to S$55.4mn.
- PATMI decreased 35.8%y-y to $14.6mn, due to higher costs incurred for administrative and marketing purposes.
- Special dividend of 20 cents per share and interim dividend of 1 cent per share
- Maintain Accumulate with unchanged fair value of $3.24
Source: Phillip securities research Pte Ltd |
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
OUE Ltd - Mid term turning up. ....
Recommendation: Accumulate
Previous close: S$2.87
Fair value: S$3.24
- OUE 2Q13?s 15.8% y-y increase in revenue to S$112.0mn, was met with a larger 56.6% increase in cost of sales. Gross profit dipped 8.5% to S$55.4mn.
- PATMI decreased 35.8%y-y to $14.6mn, due to higher costs incurred for administrative and marketing purposes.
- Special dividend of 20 cents per share and interim dividend of 1 cent per share
- Maintain Accumulate with unchanged fair value of $3.24
Source: Phillip securities research Pte Ltd
|
|
Good Post
Bad Post
|
x 0
x 0
|
OUE is still the major Unit Holder (UH) of the Reit. And don't forget the quarterly income distribution to the UHs!
Huat arh !
jiejie ( Date: 09-Sep-2013 20:50) Posted:
well, OUE got S$600m from the listing of its Reits.
$200m is going back to investors, left 400m for lowering its debt and acquisition of US bank tower.
will this benefit the company, since its giving 1/3 of proceeds back to its shareholder?
wats the benefits of the Reits? i rather have 100% of mandarin orchid hotel and mandarin gallery.
|
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
By Emma O?Brien - Sep 10, 2013 6:17 AM GMT+0800
Asian stock-index futures rose, indicating the benchmark gauge may extend its longest rally this year, before Chinese factory output and retail sales data. The yen held declines and crude oil slipped a second day.
Nikkei 225 Stock Average futures added 0.4 percent by 3 a.m. in Osaka and rose 3.4 percent in Chicago, while contracts on Australian shares climbed 0.2 percent. Standard & Poor?s 500 Index (SPX) futures gained 0.1 percent after the gauge increased 1 percent in New York, rallying a fifth day as Treasuries rose. The yen was little changed at 99.66 per dollar after slipping 0.5 percent yesterday. West Texas Intermediate oil slid 1.1 percent and copper futures rose 0.2 percent.
Chinese industrial production and retail sales reports today will probably add to signs the world?s second-largest economy is rebounding, with factory output projected to have grown at the fastest pace this year in August, according to a Bloomberg survey. The Bank of Japan also issues minutes of last month?s meeting. The MSCI Asia Pacific Index climbed an eighth day yesterday to an almost four-week high. Crude fell as the U.S. strived to get Congressional approval for a Syria strike.
?Risk appetite improved,? Imre Speizer, a markets strategist in Auckland at Westpac Banking Corp., wrote in an e-mail to clients today. ?Chinese data will probably be more important for markets today.?
Futures on the Hang Seng Index in Hong Kong climbed 0.4 percent in their most recent trading session, while contracts on the Hang Seng China Enterprises Index added 0.6 percent. The Bloomberg China-US Equity Index of the most-traded Chinese stocks in New York rose a fifth trading day, increasing 1.8 percent to the highest level since Jan. 22.
Chinese Outlook
Factory output in China expanded 9.9 percent from a year earlier in August, after rising 9.7 percent in July, according to the median of 45 estimates in a Bloomberg survey. Retail sales probably rose 13.3 percent on an annual basis, from 13.2 percent the previous month, a separate poll before today?s data shows. A report Sept. 8 fueled gains in global stocks and emerging-market currencies after it showed Chinese exports rose more than economists expected last month.
The yen was also steady against the euro, losing 0.1 percent to 132.08 per euro, after depreciating 1 percent yesterday. Japan?s currency was the only decliner among 16 major peers tracked by Bloomberg against the greenback yesterday after Tokyo won the right to host the 2020 Olympics. The Bloomberg U.S. Dollar Index fell 0.4 percent in New York.
Australia?s dollar was little changed at 92.27 U.S. cents before National Australia Bank Ltd.?s August business confidence survey, while New Zealand?s currency traded steady at 80.17 cents ahead of card spending data for last month.
U.S. Movers
The S& P 500 climbed the most in five weeks yesterday amid almost $15 billion in takeovers involving U.S. companies.
Technology, industrial and commodity stocks rallied at least 1.2 percent to lead gains in all 10 of the main industry groups in the gauge.
Molex Inc. (MOLX), a maker of electronic components for products such as the iPhone, jumped 32 percent to a seven-year high of $38.63 after agreeing to be acquired by Koch Industries Inc. in a $7.2 billion deal. Neiman Marcus Inc., the Dallas-based luxury chain, agreed to sell itself to Ares Management LLC and the Canada Pension Plan Investment Board for $6 billion.
The U.S. market is poised for the busiest month of takeovers in more than six years. About $160 billion of mergers and acquisitions have been announced since the end of August, the most for a full month since July 2007, data compiled by Bloomberg show.
Fed Tapering
Apple Inc. rose 1.6 percent before an event today where the company is expected to introduce new models of the iPhone. Delta Air Lines Inc. rallied 9.4 percent as S& P Dow Jones Indices said the world?s second-largest carrier will replace BMC Software Inc. in the S& P 500.
U.S. Treasuries advanced a second trading day before reports this week projected to show growth in import costs and producer prices slowed as the economy struggled to gain momentum. Ten-year Treasury yields lost three basis points, or 0.03 percentage point, to 2.91 percent, while 30-year notes yielded 3.85 percent, down one basis point in New York.
The Federal Open Market Committee is scheduled to meet Sept. 17-18. The U.S. central bank will cut Treasury purchases that have fueled global asset gains to $35 billion from $45 billion, while maintaining mortgage-bond buying at $40 billion, according to the median of 34 responses in a Bloomberg survey released Sept. 6.
Kansas City Federal Reserve Bank President Esther George, who has consistently dissented against additional stimulus, said Sept. 6 that it would be appropriate to reduce the pace of purchases to $70 billion a month.
Syria Campaign
WTI crude slipped to $108.27 a barrel today, following yesterday?s 0.9 percent slide in New York. Brent crude futures lost 2.1 percent to $113.72 a barrel yesterday.
U.S. President Barack Obama intensified his campaign to persuade the American public to back military action against Syria as President Bashar al-Assad threatened retaliation ?direct and indirect? should the U.S. attack.
Syria should give up its stockpile of chemical weapons if doing so would help avoid a U.S.-led strike, Russian Foreign Minister Sergei Lavrov said after meeting his Syrian counterpart in Moscow. Syria ?welcomes the Russia proposal,? Walid al-Muallem, the nation?s foreign minister, told reporters.
Gold was little changed at $1,386.61 an ounce after falling 0.4 percent yesterday and 0.2 percent last week.
|
|
Good Post
Bad Post
|
x 0
x 0
|
By Lisa Lerer - Sep 10, 2013 6:01 AM GMT+0800
President Barack Obama said Russia?s bid to get Syria to surrender its chemical weapons is a ?potentially positive development,? while expressing skepticism about whether the embattled regime will follow through.
The president also said in an interview with NBC News that he?s isn?t confident that Congress will approve an authorization to use military force, and he hasn?t decided whether he would strike Syria even if lawmakers turn him down.
Enlarge image 
Obama Calls Russian Syria Proposal ?Potentially? Positive Move 
Drew Angerer/Getty Images
Demonstrators rally in support of possible U.S. military action in Syria, on Capitol Hill in Washington, D.C., September 9, 2013.
Demonstrators rally in support of possible U.S. military action in Syria, on Capitol Hill in Washington, D.C., September 9, 2013. Photographer: Drew Angerer/Getty Images
While vowing that the U.S. will pursue the initiative to see whether the Russian proposal is serious, Obama said it has to be taken ?with a grain of salt.?
?We have to be skeptical because this is not how we?ve seen them operate over the last couple of years,? Obama said in the interview, one of six he taped today as part of an administration-wide attempt to rally public and congressional support for a U.S. military attack against Syria.
He said Syria?s embrace of the Russian proposal stemmed from the ?credible threat? of a U.S. strike.
Obama?s interviews were a prelude to his address to the nation tomorrow night in which he?s seeking to make the case that U.S. national security is at stake if Syrian President Bashar al-Assad?s regime?s use of chemical weapons against civilians last month goes unanswered. His top aides and advisers have been briefing lawmakers and the president made personal appeals at a dinner with Republican senators last night and telephone calls over the weekend.
Russian Proposal
Russian Foreign Minister Sergei Lavrov seized on an off-hand remark Secretary of State John Kerry made when answering a question at a briefing in London with U.K. Foreign Secretary William Hague.
Kerry, asked what could stop a U.S. military strike, said Assad ?could turn over every single bit of his chemical weapons to the international community in the next week.?
?But he isn?t about to do it, and it can?t be done, obviously,? he added.
Jen Psaki, a State Department spokeswoman, said Kerry wasn?t setting an ultimatum. She said the top U.S. diplomat was making a ?rhetorical argument about the impossibility and unlikelihood of Assad turning over chemical weapons he has denied he used.?
Lavrov said after meeting with his Syrian counterpart today in Moscow that Russia would ?immediately start working with Damascus? if international control of chemical weapons in Syria would forestall a military strike.
Syria Reaction
Syrian Foreign Minister Walid al-Muallem welcomed the opening and called it a constructive proposal to ?prevent American aggression against our people.?
The move to set a deadline for Syria gained momentum at the United Nations. Secretary-General Ban Ki-moon told reporters he was ?considering urging the Security Council to demand immediate transfer of Syria?s chemical weapons and chemical precursor stocks to places inside Syria where they can be safely destroyed.?
He said he would make the request only after UN inspectors issue their report on chemical-weapons use in Syria.
Assad, meanwhile said the U.S. should ?expect every action? in retaliation.
?There are going to be repercussions,? Assad said in an interview with Charlie Rose on CBS?s ?This Morning? program, an excerpt of which was aired this morning.
|
|
Good Post
Bad Post
|
x 0
x 0
|
US Stocks ended higher Monday as concerns about what might transpire in Syria have ebbed -- for the time being at least.
The Dow added nearly 140 points. The S& P 500 and Nasdaq were each up about 1%. These indexes are up between 15% and 23% for the year. U.S. stocks managed to eke out gains last week -- despite a weaker-than-expected jobs report Friday.
World Markets
North and South American markets finished broadly higher today with shares in Mexico leading the region. The IPC is up 2.60% while U.S.'s S& P 500 is up 1.00% and Brazil's Bovespa is up 0.93%.
North and South American Indexes
|
|
Good Post
Bad Post
|
x 0
x 0
|
By Jonathan Burgos - Sep 9, 2013 4:32 PM GMT+0800
Asian stocks rose, with the regional benchmark index extending its longest rally in nine months, after Tokyo won the rights to host the 2020 Olympics, China?s exports beat estimates and Australia elected a new government.
Agricultural Bank of China Ltd. advanced 4.6 percent, pacing gains among Chinese lenders. Mitsubishi Estate Co. jumped 4.7 percent as Japan?s biggest developer by market value may benefit from projects such as the Olympic Village complex that will house athletes. BHP Billiton Ltd., the world?s largest mining company, added 1.4 percent in Sydney on optimism the new Australian government will abolish a mining tax.
Enlarge image 
Komazawa Olympic Park 
People celebrate after Tokyo is selected as the host city for the 2020 Olympic and Paralympic Games during a public viewing at the Komazawa Olympic Park in Tokyo on Sept. 8, 2013.
People celebrate after Tokyo is selected as the host city for the 2020 Olympic and Paralympic Games during a public viewing at the Komazawa Olympic Park in Tokyo on Sept. 8, 2013. Photographer: Akio Kon/Bloomberg
Sept. 6 (Bloomberg) -- Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., talks about Australia's federal election and its implications for the nation's financial markets. Oliver also talks about emerging markets, the U.S. economy and budget. He speaks with Rishaad Salamat and Susan Li on Bloomberg Television's " Asia Edge." (Source: Bloomberg)
Sept. 6 (Bloomberg) -- Grant Forster, chief executive officer for Australia at Principal Global Investors, talks about the outlook for global stock markets and his investment strategy. He also discusses Federal Reserve monetary policy and tomorrow's national election in Australia with Susan Li on Bloomberg Television's " First Up." (Source: Bloomberg)
The MSCI Asia Pacific Index increased 1.4 percent to 135.56 as of 4:22 p.m. in Hong Kong, with almost six shares rising for each that fell. The gauge is heading for its eighth day of advance, its longest such rally since December. The measure last week posted the biggest weekly increase since April as data from China, the U.S. and Europe added to signs the global economy is recovering.
?Data from China has been pointing to a bit of stability,? Mark Lister, Wellington-based head of private wealth research at Craigs Investment Partners Ltd., said by telephone. ?Tokyo winning the right to host the Olympics is a positive for Japan as that will do a lot for tourism and growth.?
Japan?s Topix index jumped 2.2 percent to the highest closing level in a month. Tokyo?s winning bid to host the 2020 Olympics may drive construction and tourism stocks higher and boost consumer confidence, playing into Prime Minister Shinzo Abe?s plan to revive the world?s third-biggest economy.
Japanese Economy
The Topix extended this year?s surge to 36 percent, as Japanese equities perform the best among developed markets tracked by Bloomberg. Shares have jumped amid optimism Abe and the Bank of Japan can lead the country out of deflation with stimulus and reforms.
A report today showed Japan?s economy expanded a revised 3.8 percent in the second quarter on an annualized basis, up from an original estimate of 2.6 percent.
South Korea?s Kospi index gained 1 percent. Singapore?s Straits Times Index climbed 1.1 percent. Taiwan?s Taiex index added 0.3 percent. New Zealand?s NZX 50 Index increased 0.4 percent.
Hong Kong?s Hang Seng Index rose 0.6 percent and the Shanghai Composite Index climbed 3.4 percent as reports today showed China?s consumer inflation stayed below target for an eighth month while factory-gate prices fell by the least in six months in August, reflecting an economic pickup that leaves room for officials to add stimulus if needed.
China?s exports rose 7.2 percent in August from a year earlier, the General Administration of Customs said in Beijing yesterday. That compares with the 5.5 percent median estimate of 46 economists surveyed by Bloomberg News and July?s 5.1 percent gain.
Australian Election
Australia?s S& P/ASX 200 Index rose 0.7 percent. Tony Abbott?s Liberal-National coalition won Australia?s weekend election and is heading for the biggest parliamentary majority since at least 2004, ushering in a government pledging to abolish a carbon price and mining tax.
Chinese lenders advanced. Agricultural Bank of China increased 4.6 percent to HK$3.65 in Hong Kong. Industrial & Commercial Bank of China Ltd., the nation?s biggest lender, gained 2.1 percent to HK$5.39. Bank of China Ltd. rose 1.5 percent to HK$3.50.
Ping An Bank Co., the least capitalized of China?s 17 publicly traded lenders, jumped 10 percent to 12.13 yuan in Shenzhen after saying it plans to sell 14.8 billion yuan ($2.4 billion) of stock to its controlling shareholder Ping An Insurance Group Co. to bolster its financial strength.
Vinda International Holdings Ltd. surged 37 percent to HK$10.88, the most since July 2007. Sweden?s Svenska Cellulosa AB, Europe?s biggest private forest owner, offered to buy all outstanding Vinda stock in cash for HK$11 a share, about 38 percent more than the Chinese tissue maker?s last traded price before the announcement.
Relative Value
Shares on the MSCI Asia Pacific Index traded at 13.1 times estimated earnings on Sept. 6, compared with 15 times for the Standard & Poor?s 500 Index and 13.9 for Stoxx Europe 600 Index, according to data compiled by Bloomberg.
Japanese developers and construction companies led gains on the Topix. With the economy already rebounding from the impact of Abe?s reflationary policies, winning the rights to host the Olympics bolsters optimism that Japan will succeed in quelling deflation and stoking domestic demand.
Mitsubishi Estate climbed 4.7 percent to 2,825 yen in Tokyo. Mitsui Fudosan Co., the nation?s biggest developer by sales, jumped 6.4 percent to 3,430 yen. Taisei Corp., a building contractor, surged 14 percent to 463 yen.
Miners Rise
Australian miners rose. Abbott will have to negotiate with minor parties in the Senate to scrap carbon pricing and a mining tax after his coalition won the biggest lower house majority since at least 2004 in Australia?s election.
BHP Billiton gained 1.4 percent to A$35.64. Rio Tinto Group (RIO), the world?s second-largest mining company, added 1.4 percent to A$61.95.
Futures on the Standard & Poor?s 500 Index rose 0.3 percent today. The gauge closed little changed on Sept. 6 amid escalating tensions over Syria. American employers added 169,000 workers last month, missing the median forecast of 180,000 in a Bloomberg survey of 96 economists. The unemployment rate unexpectedly fell to 7.3 percent as more people left the labor force.
The Federal Reserve has said any reduction in stimulus will be tied to a sustained recovery in U.S. employment. The central bank will decide to cut its $85 billion in monthly bond purchases this month, according to 65 percent of economists surveyed by Bloomberg from Aug. 9-13. The Federal Open Market Committee holds a two-day meeting on Sept. 17-18.
?Markets have been strong so far this month, but we shouldn?t forget there are still quite a few risks out there,? Lister said. ?The Fed could do some tapering, perhaps in a smaller scale, and that could give headwinds to the market.?
|
|
Good Post
Bad Post
|
x 0
x 0
|
Wow! Yr expectation is so high!
Compared this one with SPH :
SPH : 18c (4.3%)
OUE : 21c (7.7% for 16 days) > > > 175 % pa...........Better than Ah Long's rate..... Lol
johnloke49 ( Date: 06-Sep-2013 16:30) Posted:
| Actually, if this one special dividend is 30 cents will be better. Look like people are not interested . |
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
$1 is a tough resistance ...... if can break........ all the way up to..........
iluvboost ( Date: 09-Sep-2013 09:51) Posted:
yea , keeping till $1, provided no big world news.
oldflyingfox ( Date: 09-Sep-2013 01:07) Posted:
|
will it continue to move up? |
|
|
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
Yangzijiang Shipbuilding - One more big test ahead
Yangzijiang Shipbuilding (YZJ) successfully survived the worst period of turmoil seen in the global shipbuilding industry and strengthened its position. However, we believe the next round will be different, led by technology and quality.
We believe lower margins are unavoidable for YZJ due to the increasing price gap with top-tier players and an increased portion of lower-priced contracts in its revenue mix. We assume coverage with a Neutral rating and a Dec-14 PT of S$1.00.
■ Successful survival and strengthened position
Despite a period of significant turmoil and restructuring for the shipbuilding industry, Yangzijiang survived successfully and strengthened its position, helped by stronger financials and a more stable order book than its local peers?.
■ Time required to narrow price gap from top-tiers
In the previous shipbuilding cycle, ship demand came from China, and early delivery slots secured a decent premium. In this cycle, the key driver is fuel efficiency. Only top-tier players can secure profitable contracts, and proven fuel efficiency and technology will be the most important drivers, in our view. Therefore, YZJ may see lower-priced contracts over the next several years until it improves fuel efficiency.
■ Need to lower margin outlook
With the final delivery of high-priced contracts and the upcoming burden of lower-priced contracts, we believe YZJ will see a declining top line and declining margins over the next two to three years. We expect a noticeable turnaround of margins to come with a one- to two-year lag vs top-tier players.
■ Assume coverage with a Neutral rating and Dec-14 PT of S$1.00
Considering the company?s falling margin trend and consistent price gap among global peers, we assume coverage with a Neutral rating and a PT of S$1.00.
Downside risks include a slower-than-expected recovery of global shipbuilding demand potential execution risk in shipbuilding and delivery, and strengthened environmental regulations.
Upside risks include crude oil price increases, greater-than-expected order wins, and continuous price increases for newbuild ship orders. (Read Report)
|
|
Good Post
Bad Post
|
x 0
x 0
|
My Gateway has this note of caution on MOG (mineral, oil & gas) plays...............
MOG Cos may undergo long periods of time without making economic realization, and may return to the market for several rounds of fund raising for further project development.
One key sector risk is that a Co may not be able to progress to the next stage of development, or to a stage where it is able to generate revenue.
|
|
Good Post
Bad Post
|
x 0
x 0
|
Singapore Exchange ST: rebound expected.
Update on supports and resistances.
Pivot: 7.1 Our preference: Long positions above 7.1 with targets @ 7.55 & 7.68 in extension. Alternative scenario: Below 7.1 look for further downside with 6.95 & 6.8 as targets. Comment: the RSI calls for a rebound. Key levels 7.85 7.68 7.55 7.33 last 7.1 6.95 6.8 Copyright 1999 - 2013 TRADING CENTRAL 
|
|
Good Post
Bad Post
|
x 0
x 0
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
Jobs report and Syria fears whipsaw stocksBy Hibah Yousuf @CNNMoneyInvest September 6, 2013: 4:24 PM ET
Click the chart for more stock market data.
NEW YORK (CNNMoney)
It was a choppy day on Wall Street, thanks to a lackluster August jobs report and more concerns about Syria.
The Dow Jones industrial average finished lower for the first time this week, while the S& P 500 and Nasdaq closed barely changed. But all three indexes swung between modest gains and sizable losses earlier in the day.
Despite the volatility, stocks ended the week modestly higher. The Dow gained 0.8%, the S& P 500 increased 1.4%, and the Nasdaq jumped nearly 2%.
Syria worries: After initially pushing stocks higher on the prospect that the Federal Reserve might delay its plans to taper in September, investors quickly shifted their attention to the G-20 meeting in St. Petersburg. Russian president Vladimir Putin spooked the markets with comments about his support for Syria. The indexes briefly tumbled after Putin told reporters that Russia would continue arms sales and provide aid to Syria if the nation were attacked.
Putin met with President Obama earlier Friday. The Russian president called their meeting " constructive," but added that " he doesn't agree with me, I don't agree with him."
Click here for more on stocks, bonds, currencies and commodities
Putin's comments come as Obama seeks international and domestic backing for military action against Syria in response to the Syrian's government's alleged use of chemical weapons against its own people last month.
" World leaders are divided on the matter, and this has left the markets fearful of the implications of what looks to be a very likely strike by the United States as early as next week," said ETX Capital market strategist Ishaq Siddiqi in a note to clients.
Siddiqi said traders are worried that a U.S. strike would be met with Russian retaliation, prompting allies China and Iran to also provide support for Syria. While the United Kingdom is standing down for now, the United States has the support of France and Israel.
As investors worried about stability in the Middle East, they pushed oil prices up 1.7% Friday, above $110 per barrel.
Related: Why Syria matters to oil markets
August jobs report may delay Fed tapering? The weak August jobs report led some investors to think that the Fed may hold off on plans to start trimming its bond buying program later this month.
Investors had been eagerly awaiting the jobs report, as it is the last major piece of economic data leading up to the Fed's next meeting in less than two weeks.
The economy added 169,000 jobs last month, fewer than the 185,000 economists surveyed by CNNMoney were forecasting. The unemployment rate ticked lower to 7.3%, as expected, but the drop was due to a falling labor force participation rate. Job gains for both June and July were also revised lower.
Bond prices rose and Treasury yields fell following the jobs report, with the 10-year yield dipping to 2.9% from nearly 3%. (Bond prices and yields move in opposite directions.) Investors may be betting that the Fed will continue to buy $85 billion in bonds a month as opposed to pulling back on these purchases.
Related: Greed & Fear Index wallows in fear
" If there is a silver lining for investors, the jobs data give the Fed something to consider carefully before their impending decision on whether or not to begin tapering their bond purchase program," said Jim Baird, chief investment officer at Plante Moran Financial Advisors. Baird added that the jobs data " certainly doesn't point to an economy that is firing on all cylinders."
Still, the latest jobs numbers do not completely eliminate the possibility of Fed tapering this month, according to Kathy Lien, managing director at BK Asset Management.
" We know there is a high level of support inside the central bank to reduce asset purchases and the only question is timing," she said.
But even if the Fed does decide to taper this month, Lien expects only " an incremental reduction" in bond purchases as well as reassuring comments to prevent a sharp rebound in bond yields.
|
|
Good Post
Bad Post
|
x 0
x 0
|
By Michael P. Regan - Sep 6, 2013 10:03 PM GMT+0800
U.S. stocks slid while oil extended gains and Treasuries rallied as Russian President Vladimir Putin said his nation will assist Syria if it?s attacked. Gold climbed while the dollar weakened against most peers.
The Standard & Poor?s 500 Index fell 0.6 percent to 1,645.91 at 10 a.m. in New York after climbing as much as 0.4 percent. U.S. 10-year yields fell 10 basis points to 2.91 percent after earlier reaching 3.005 percent. The Bloomberg U.S. Dollar Index slid 0.7 percent, with the yen appreciating 1.5 percent to 98.68 per dollar. Tin climbed almost 3 percent on concern about supply disruptions after Indonesia imposed new trading rules. Gold advanced 1.5 percent to $1,387.29 an ounce.
Enlarge image 
Yen Strengthens While Tin Rallies 
Japan?s currency appreciated 0.3 percent to 99.77 per dollar at 6:43 a.m. in New York.
Japan?s currency appreciated 0.3 percent to 99.77 per dollar at 6:43 a.m. in New York. Photographer: Akio Kon/Bloomberg
Sept. 6 (Bloomberg) -- Payrolls in the U.S. climbed less than projected in August after smaller gains the prior two months and the unemployment rate unexpectedly fell as more people left the labor force. The gain of 169,000 workers last month followed a revised 104,000 rise in July that was smaller than initially estimated, Labor Department figures showed today in Washington. Unemployment dropped to 7.3 percent, the lowest since December 2008. Peter Cook reports on Bloomberg Television's " In the Loop." Source: Bloomberg)
The S& P 500 turned lower as Putin said at the Group of 20 summit that a chemical attack in Syria was ?provocation? by rebels and Russia is already assisting Syria with arms shipments. Earlier gains in stocks and Treasuries came after U.S. nonfarm payrolls rose less than estimated, easing concern about the potential size of stimulus cuts when the Federal Reserve meets 17-18.
The gain of 169,000 workers last month followed a revised 104,000 rise in July that was smaller than initially estimated, Labor Department figures showed. The median forecast of 96 economists surveyed by Bloomberg called for an August increase of 180,000. Unemployment dropped to 7.3 percent, the lowest since December 2008.
Fed Bank of Chicago President Charles Evans, a voter on policy this year, said the central bank shouldn?t taper its $85 billion in monthly bond buying until inflation and economic growth pick up.
|
|
Good Post
Bad Post
|
x 0
x 0
|
World Markets
North and South American markets are mixed. The Bovespa is higher by 3.27%, while U.S.'s S& P 500 is off 0.65%. Shares in Mexico are unchanged with the IPC at 39,686.91.
North and South American Indexes
|
|
Good Post
Bad Post
|
x 0
x 0
|
By Adam Haigh - Sep 6, 2013 5:06 PM GMT+0800
Asian stocks dropped, snapping a six-day advance and paring the regional benchmark index?s biggest weekly gain since July, as investors await the monthly U.S. jobs report.
Sumitomo Realty & Development Co. (8830) sank 1.4 percent as Japanese developers retreated ahead of a decision this weekend on whether Tokyo will host the 2020 Olympics. SoftBank Corp. (9984) fell 2.2 percent after competitor NTT DoCoMo Inc., Japan?s largest mobile-phone carrier, was said to be near an agreement to offer Apple Inc.?s iPhone. BBMG Corp. rose 2.6 percent in Hong Kong after the cement maker announced a share sale.
Enlarge image 
Tomohiro Ohsumi/Bloomberg
Pedestrians walk past an electronic stock board displaying a mid-day figure of the Nikkei 225 Stock Average outside a securities firm in Tokyo.
Pedestrians walk past an electronic stock board displaying a mid-day figure of the Nikkei 225 Stock Average outside a securities firm in Tokyo. Photographer: Tomohiro Ohsumi/Bloomberg
Sept. 6 (Bloomberg) -- Grant Forster, chief executive officer for Australia at Principal Global Investors, talks about the outlook for global stock markets and his investment strategy. He also discusses Federal Reserve monetary policy and tomorrow's national election in Australia with Susan Li on Bloomberg Television's " First Up." (Source: Bloomberg)
The MSCI Asia Pacific Index fell 0.1 percent to 133.21 as of 5:50 p.m. in Tokyo, on course to rise 2.2 percent this week for the biggest advance since period ended July 12. U.S. payrolls figures today may add to signs of an improving jobs market ahead of the Federal Reserve?s Sept. 17-18 meeting, when it will gauge whether the world?s biggest economy can withstand a reduction in unprecedented stimulus.
The jobs data today ?is a very important number because it is the number that Fed policy is benchmarked against,? Peter Esho, chief market analyst at Invast Securities Co., said by phone. ?A discussion around employment is going to drive the outcome of the Fed?s meeting later this month.?
Futures on the Standard & Poor?s 500 Index were little changed. Japan?s Topix index slid 0.9 percent. The MSCI Asia Pacific excluding Japan Index gained 0.2 percent, poised for a seven-day rally, the longest winning streak since December.
Hong Kong?s Hang Seng Index added 0.1 percent, while China?s Shanghai Composite climbed 0.8 percent. New Zealand?s NZX 50 Index slid 0.2 percent. South Korea?s Kospi index rose 0.2 percent. Singapore?s Straits Times Index added 0.3 percent.
Australian Election
Australia?s S& P/ASX 200 Index (AS51) gained 0.1 percent ahead of tomorrow?s election, which polls indicate will see Prime Minister Kevin Rudd?s minority Labor government lose to Tony Abbott?s Liberal-National coalition.
The MSCI Asia Pacific Index rose 3 percent this year through yesterday, trailing a 16 percent surge on the S& P 500. Benchmark gauges in Hong Kong and Singapore posted two of the three biggest declines among developed markets amid concern about China?s slowdown, while the region?s emerging markets were roiled by outflows as investors dumped risk assets.
Speculation the Federal Open Market Committee will dial down bond purchases at its meeting this month has pushed up U.S. bond yields and contributed to the worst rout in the currencies of developing nations in five years.
Claims (INJCJC) for U.S. unemployment benefits declined by 9,000 to 323,000 in the week ended Aug. 31, less than the lowest estimate of economists surveyed by Bloomberg. Another report showed companies boosted employment by 176,000 workers in August, according to the ADP Research Institute.
Payrolls Forecast
The number of workers on nonfarm payrolls in the U.S. probably increased 180,000 in August, compared with a gain of 162,000 for July, according to the median of 94 economists? estimates compiled by Bloomberg.
Japan?s Topix climbed 3.8 percent this week, extending this year?s surge to 34 percent, best among developed markets tracked by Bloomberg. Shares have jumped amid optimism Prime Minister Shinzo Abe and the Bank of Japan can lead the country out of deflation with stimulus and reforms.
China?s Shanghai Composite Index has declined 5.7 percent this year. Slower growth was a conscious choice by the government to allow it to adjust the nation?s economic structure, President Xi Jinping said Sept. 3.
Olympic Bid
Losses in Japan today were driven by real-estate and construction companies, which may suffer if Tokyo loses the vote to select the host of the 2020 Summer Games. Madrid?s bid has the support of 50 out of 98 members of the International Olympic Committee, Spanish newspaper El Mundo reported yesterday.
Sumitomo Realty slid 1.4 percent to 4,540 yen. Tokyu Land Corp. (8815) lost 3.2 percent to 960 yen.
SoftBank competitor DoCoMo is near an agreement with Apple to offer its iconic smartphone this year, people familiar with the situation told Bloomberg News. SoftBank slipped 2.2 percent to 6,380 yen. DoCoMo gained 0.6 percent to 160,500 yen.
BBMG advanced 2.6 percent to HK$5.45 on plans to raise about 2.8 billion yuan ($458 million) in a share sale to its parent and a fund.
Shipping companies extended this week?s surge after the Baltic Dry Index of commodity-shipping rates jumped yesterday to its highest level since January 2012. China Cosco Holdings Co. (1919), the nation?s biggest cargo line, advanced 1.3 percent to HK$3.91. China Shipping Development Co. rose 2.3 percent to HK$4.43.
|
|
Good Post
Bad Post
|
x 0
x 0
|
Happen saw this TA...
Just share share info.!
sk6666 ( Date: 06-Sep-2013 16:05) Posted:
Bro, so many counters, why you recommend this one?
think2profit ( Date: 06-Sep-2013 12:52) Posted:
| Buy when everyone is giving up as it can't go lower... |
|
|
|
|
|
Good Post
Bad Post
|
x 0
x 0
|
This one even better!
Buy 1 get 2 Free !!
|
|
Good Post
Bad Post
|
x 0
x 0
|
Count down : 12 days.............
|
|
Good Post
Bad Post
|
|
|
|
