Cautious | ICT magazine

Posts Tagged ‘cautious’

Feb 1: Mood cautious on Egypt; Yanlord, SMRT in focus

February 1st, 2011 | No Comments

Singapore shares may open higher on Tuesday, following overnight gains on Wall Street, as healthy earnings and signs of improving U.S. economic performance offset continued worries about the political situation in Egypt and the rest of the Middle East. Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.55% on Monday to 3,179.72 points. Here are some stocks and factors to watch:

Singapore-listed Chinese developer Yanlord (YNLG.SI) may be in focus after it said on Monday it has teamed up with GIC Real Estate to buy a prime residential site in Tianjin, China for 1.16 billion yuan ($225 million).

STI +0.3%; rig builders rise; UOB remains cautious

January 27th, 2011 | No Comments

The STI is +0.3% at 3231.62, extending gains in the afternoon helped by gains for rig builders after Keppel Corp. (BN4.SG) announces yet another order win.

Overall market volume is tepid at 975 million worth $953 million, with 272 gainers and 1823 decliners. After the STI made a sharp 1.2% rise yesterday, UOB KayHian says “technicals may appear to be turning positive but we advise investors not to plunge into the market.”

STI +0.3%; rig builders rise; UOB remains cautious

January 27th, 2011 | No Comments

The STI is +0.3% at 3231.62, extending gains in the afternoon helped by gains for rig builders after Keppel Corp. (BN4.SG) announces yet another order win.

CLSA cautious on China yards; prefers Cosco vs Yangzijiang

January 6th, 2011 | No Comments

CLSA says Chinese shipyards’ stellar performance in 2010 will be hard to beat, “and we are cautious into 2011 given the unfavourable bias (relative to the Chinese) towards large containership orders and rising cost inflation.”

The house prefers Cosco (F83.SG) over Yangzijiang (BS6.SG) “as Cosco makes further inroads into the offshore sector while YZJ faces delays.” It says more switching from YZJ into Rongsheng (as it comes out of listing blackout) is possible given the valuation gap between the two.

STI +0.2%; But UOB-KayHian cautious, eyes 3,218 cap

December 3rd, 2010 | No Comments

STI +0.2% at 3,204.85, in line with gains across most of region as US economic hopes pushing euro-zone debt concerns to side for time being; but participation in Singapore muted as STI in territory where direction of next move uncertain, also ahead of US non-farm payrolls later.

STI flat midday; cautious trade to remain -SIAS

December 1st, 2010 | No Comments

STI flat at 3143.77 midday with little impetus pushing market either way, though negative tone likely to remain given weak China, HK bourses in face of China data reinforcing need for Beijing tightening measures.

“With the markets still rather weak at this point in time, we’re concerned that stocks will still be trading cautiously,” says SIAS Research technical analyst Edmund Seow. “That being said, the U.S. markets do seem to have a little more stability in them at this time, and their consolidations seems to be starting to end.”

Property stocks retreat, mood remains cautious

November 22nd, 2010 | No Comments

Singapore shares fell 0.15% by midday on Monday, led by property firms after China and Hong Kong took steps to cool their property markets, and traders said the mood remained cautious.

At the lunch break, the Straits Times Index (STI) <.FTSTI> was 4.81 points lower at 3,192.56. Total market volume was 684.2 million shares. Traders expect the benchmark index to trade in a 3,177-3,222 range in the afternoon session.

CLSA stays happy SembMarine holder, cautious buyer

November 8th, 2010 | No Comments

CLSA cuts SembCorp Marine (S51.SG) to Outperform vs Buy to reflect recent 20% rally; raises target to $5.25 vs $5.01, says Dow Jones.

CLSA says, possibility stock could trade well above fundamental value given strong momentum: “We remain happy holders but cautious buyers”.

Adds, “with further contracts likely before the year’s out, and a further S$2 billion-S$3 billion likely in 2011, not forgetting a potential $7 billion Petrobras order, the stock has ample share price catalysts.”

Says, 3Q indicates positive earnings growth in 2010; 18.1% 9M10 operating margin well above 14.2% forecast; adjusts margin forecasts for rest of year, 2011, 2012, resulting in earnings increasing by 12%-20%.

Continues to prefer SMM to Keppel Corp (BN4.SG) "for exposure to O&M space for its pure-play status." SembMarine shares +3.4% at $4.90.

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AMD Taking Cautious Approach to Tablet Market

October 15th, 2010 | No Comments

While announcing third-quarter earnings, CEO Dirk Meyer said AMD will innovate for tablets when the market matures. – Intel may be moving aggressively into the tablet PC
market, but rival Advanced Micro Devices will take a slower approach,
according to its CEO.
However, when AMD does make its move within the next
few years, it will come with processors packing high performance, low
power consumption, and great…

STI +0.3% but market cautious; palm stocks higher

October 11th, 2010 | No Comments

STI +0.3% at 3163.15 at midday break, sticking close to opening 3164 level, trading in tight 3161-3173 band in morning session; about 1.6 gainers for every loser in broad market; resistance remains at year-to-date high of 3197, says Dow Jones.

Mild gains may reflect caution going into earnings season, also uncertainty over what Fed will come up with to help flagging U.S. economy. “Any disappointment (from potential Fed measures) may not be taken lightly by the market, perhaps there is too much expectation that Bernanke can come up with the goods, and if he doesn’t deliver then we may be in for a fall,” says broker at local house.

CityDev off 0.3%; Home buyers cautious: Deutsche

September 9th, 2010 | No Comments

CityDev (C09.SG) down 0.3% at $11.64 in thin trade, not swayed by brisk sales at yesterday’s launch of developer’s new Singapore mass-market condo, 642-unit NV Residences, with bulk of 200 flats released for sale taken up, according to Dow Jones.

“Given the recent government measures, the take-up is respectable but clearly reflects increased cautiousness from buyers,” says Deutsche Bank, which has Sell call with $10.20 target; expects general housing demand to slow in near term, with planned launches by developers potentially deferred.

Light volume suggests selling pressure contained but also means any subsequent buying interest could be muted. Support tipped at 10-day moving average, last at $11.45.

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UOB 2Q net profit beats forecast, remains cautious: Update

August 10th, 2010 | No Comments

UOB <UOBH.SI>, Singapore’s third-biggest bank, posted a 28% rise in quarterly profit on Tuesday, capping a strong first half for the city-state’s banks as the economy surged. Singapore’s best-ever economic expansion in the first half and reduced bad debt charges have boosted bank earnings this year, but rock bottom interest rates are keeping margins under pressure.

Weekend Comment July 2: Analysts cautious as property prices peak

July 2nd, 2010 | No Comments

PROPERTY PRICES CONTINUE skywards in Singapore and on Sentosa (see our cover story this week Singapore’s Riviera of the East, Issue 428, Jul 5-11). On Jul 1, the Urban Redevelopment Authority (URA) released the flash estimates of the property price index (PPI) for 2Q10 which indicated that property prices are above their 1996 peaks.

G8 make more cautious aid commitments

June 26th, 2010 | No Comments

G8 world leaders have pledged over EUR 4bn to reduce deaths among mothers and newborn babies in Africa. The heads of state are in Canada for the summits of both the G8 and G20. However, despite this new commitment, G8 nations have only delivered on two thirds of the aid promised to Africa after the meeting at Gleneagles five years ago.

Bret Michaels: Now Very Cautious about His Health

May 25th, 2010 | No Comments

Now that the season finale of the elite reality show The Celebrity Apprentice is just a day away, Bret Michaels is anticipating for the live broadcast of contest. The live season finale will happen on Sunday night and Bret Michaels will be there so he could compete and hopefully get the title as the Celebrity [...]

Singapore Air to be cautious about boosting capacity

May 24th, 2010 | No Comments

Singapore Airlines, the world’s second-largest airline by market value, said it will be cautious about adding capacity as yields remain below pre-crisis levels.

“We’re not out of the woods yet,” Chief Executive Officer Chew Choon Seng said today. Singapore Air, which said advance ticket bookings are “encouraging,” aims to increase capacity by 2% in the fiscal year ending in March.

Germany: Cautious welcome for Muslim minister

April 28th, 2010 | No Comments

Despite friction over her criticism of crucifixes in schools, Ayguel Oezkan has been sworn in as Lower Saxony’s social affairs minister on Tuesday. Political leaders welcomed her appointment, but rejected her comments.

Merkel cautious about handout for Greece

April 27th, 2010 | No Comments

German Chancellor Angela Merkel has stressed the need for a stable European currency, urging debt-ridden Greece to implement tougher measures. Speaking to journalists in Berlin on Monday, German Chancellor Angela Merkel was resolute in her assessment of the Greek debt crisis, and said Greece must accept tough austerity measures over a period of years to ensure the stability of the euro

The Islamic Conference: A cautious gentleman

March 31st, 2010 | No Comments

The OIC’s definition of civilised debate

AS SECRETARY-GENERAL of the world’s second-largest international body (his description), Ekmeleddin Ihsanoglu walks a tightrope. Born in Cairo in 1943, this scholar and calligraphy expert has the style of an Ottoman gentleman. But he is a citizen of the Turkish republic (whose system is secular, despite the pious tone of the present government) and it was at the republic’s behest that he assumed the reins of the Organisation of the Islamic Conference.

Predictably, then, he presents the OIC’s bid to stop the defamation of religion in emollient terms, rejecting the idea that it validates cruel laws. “We are not against freedom of expression, freedom of the press or civilised criticism,” he insists. “The target is to invite everybody to respect Islam,” he adds, arguing that the faith’s past is replete with “enlightened critique”, with many interpretations of the founding texts. …

Singaporeâ€™s ST Engineering says outlook cautious

February 1st, 2010 | No Comments

The world’s largest aircraft repair company, Singapore Technologies Engineering (STEG.SI), is cautious about business prospects this year because of uncertainties over global economic growth, its CEO said on Monday.

Tan Pheng Hock said the global economy appeared to have hit bottom in the fourth quarter of 2009 with a series of recent data suggesting a turnaround, but the future was difficult to predict.

Posts Tagged ‘cautious’

Feb 1: Mood cautious on Egypt; Yanlord, SMRT in focus

STI +0.3%; rig builders rise; UOB remains cautious

STI +0.3%; rig builders rise; UOB remains cautious

CLSA cautious on China yards; prefers Cosco vs Yangzijiang

STI +0.2%; But UOB-KayHian cautious, eyes 3,218 cap

STI flat midday; cautious trade to remain -SIAS

Property stocks retreat, mood remains cautious

CLSA stays happy SembMarine holder, cautious buyer

AMD Taking Cautious Approach to Tablet Market

STI +0.3% but market cautious; palm stocks higher

CityDev off 0.3%; Home buyers cautious: Deutsche

UOB 2Q net profit beats forecast, remains cautious: Update

Weekend Comment July 2: Analysts cautious as property prices peak

G8 make more cautious aid commitments

Bret Michaels: Now Very Cautious about His Health

Singapore Air to be cautious about boosting capacity

Merkel cautious about handout for Greece

The Islamic Conference: A cautious gentleman

Singaporeâ€™s ST Engineering says outlook cautious

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