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Posts Tagged ‘Wall Street’

Dec 3: MapletreeLog, Palm oil, Wilmar, Olam, Keppel, Darco

December 3rd, 2010 | No Comments

Singapore shares may open higher on Friday after Keppel Corp (KPLM.SI), the world’s biggest oil rig builder, announced a US$360 million ($470.7 million) deal and commodities firm Olam International (OLAM.SI) said it had entered a US$200 million Nigerian sugar venture.

Wall Street rallied for a second day overnight as concerns about Europe’s sovereign debt crisis waned, forcing investors to reverse bearish bets on the market. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.50% on Thursday to 3,197.96 points. Here are some stocks and factors to watch say Bloomberg and Thomson Reuters:

Dec 2: Capitaland, Cosco, SIA, Noble, Osim, United Engineers

December 2nd, 2010 | No Comments

Singapore shares may open higher on Thursday after Wall Street posted its biggest gains in three months overnight, as efforts to resolve the EU’s debt crisis helped push the S&P above 1,200, an important technical level. Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.18% on Wednesday to 3,181.94 points. Here are some stocks and factors to watch, say Bloomberg and Dow Jones:

Capitaland (CAPL SP): Southeast Asia’s biggest developer plans to introduce an average of 3,000 residential units in China annually as part of its growth strategy in the country, the Singapore-based company said in investor briefing materials filed to the Singapore stock exchange. It said it also plans to expand the number of its serviced residences in the country to 12,000 units by 2015, from 6,246 currently. The shares gained 1.4% to $3.66.

Google E-Book Service Launching to Challenge Amazon, Apple

December 1st, 2010 | No Comments

Google will launch its online bookstore soon to rival Amazon Kindle electronic reader, Apple iBooks for the iPhone and iPad and Barnes & Noble’s Nook e-reader. – Google will launch it overdue online bookstore in December to grab a piece of the digital reading pie from Amazon, Apple and others, the Wall Street Journal said Nov. 30.
A source familiar with Google’s plans said the electronic bookstore would launch this month. The spokesperson declined to say wh…

Vodafone might take till 2020 to make Indian business turnaround

December 1st, 2010 | No Comments

British mobile operator Vodafone””s foray into India has been a disaster, so much so that insiders and experts have gone on record to say that it could take the firm until 2020 to make an economic profit. According to a Wall Street Journal (WSJ) report, in 2007, Vodafone paid 5.5 billion pounds to acquire 67 [...]

STI flat; 3,118 support; Amtek weak on debut

December 1st, 2010 | No Comments

STI flat at 3,143.15, moving in narrow 8-point range so far with 137 million shares traded; market evenly matched.

“Not only today but for most of the month it’s likely to be quiet, this is the usual period when you don’t do anything unless you really need to, especially given that China seems to be tightening liquidity and Wall Street is really not encouraging much,” says dealer at local house.

Dec 1: SIA, Amtek, C&O Pharma, Sound Global, Chuan Hup

December 1st, 2010 | No Comments

Singapore shares may open lower on Wednesday after Wall Street fell overnight as news that Portugal’s debt could be downgraded reignited selling.

Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.43% on Tuesday to close at 3,144.70 points.

Stocks and factors to watch, say Thomson Reuters and Bloomberg:

Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 2.1% in London yesterday, extending its four-day decline to 5.2%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, slipped 1.5% to $2.02. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, gained 0.2% to $13.68.

Instead of Actually Stabilizing the Economy By Reining In the Giant Banks, Governments Just Launching More Faux Stress Tests as a P.R. Stunt

November 30th, 2010 | No Comments

The big banks caused the financial crisis, and are continuing to drag the world economy down the into a black hole. So what are the governments of the world doing to address this core problem? Breaking up the giant banks? Nationalizing them? Holding …

Dear Wikileaks: Leak the Bank Records NOW, Or Forever Hold Your Peace

November 30th, 2010 | No Comments

Wikileaks head Julian Assange told Forbes that the next leak will be regarding a major American bank. He said that Wikileaks plans to release the documents early next year.Assange told Computer World in October 2009:”At the moment, for example, we ar…

Nov 30: Global Logistic Properties, Stats Chippac, Suntec REIT

November 30th, 2010 | No Comments

Singapore shares may open a tad lower on Tuesday after main Wall Street indices slipped overnight on concerns Europe’s credit woes may spread despite an agreement to bailout Ireland. Singapore’s benchmark Straits Times Index <.FTSTI> ended flat on Monday at 3,158.21 points. Here are some stocks and factors to watch, say Bloomberg and Thomson Reuters:

Nov 29: Kim Eng, Mapletree Logistics, Mermaid Maritime, Z-Obee, Serial System

November 29th, 2010 | No Comments

Singapore shares may see a weak start on Monday after Wall Street fell on Friday, but news of an 85 billion euro ($148.6 billion) rescue package for Ireland may lend some support. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.04% on Friday to 3,158.08 points, say Bloomberg and Thomson Reuters.

Palm-oil producers: Crude palm oil for February delivery slipped 0.1% in Kuala Lumpur on Nov. 26, snapping its two-day 5.1% advance. Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, dropped 0.7% to 73.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s largest noodle maker, declined 3.3% to $2.66. Wilmar International (WIL SP), the world’s No. 1 palm-oil trader, was unchanged at $6.08.

Facebook Messages Won’t Replace Traditional E-Mail, Poll Says

November 28th, 2010 | No Comments

Facebook Messages isn’t likely to replace users’ e-mail accounts, according to a poll conducted by the Wall Street Journal. Still, analysts believe it will have an impact. – More than 62 percent of over 3,680 participants in a recent online poll said
they wouldn’t use Facebook Messages as their primary e-mail service.
Some 17 percent of respondents in the poll, conducted by the Wall Street Journal, said they would use
Messages as their main e-mail, while 20 percent s…

Greece â†’ Ireland â†’ Portugal â†’ Spain â†’ Italy â†’ UK â†’ ?

November 26th, 2010 | No Comments

It is now common knowledge that there is a potential domino effect of European sovereign debt contagion in roughly the following order:Greece â†’ Ireland â†’ Portugal â†’ Spain â†’ Italy â†’ UKWhile some people have been writing about this for well ove…

STI off 0.2%; watch 3120 support – Phillip Securities

November 26th, 2010 | No Comments

Absence of leads from Wall Street evident in Singapore stock market as shares sluggish in early trade; STI off 0.2% at 3153.95. “The STI is currently digesting the previous two weeks’ worth of declines after testing a major swing low at 3120 (set this week),” says Phillip Securities analyst Phua Ming-Weii; expects more selling pressure if index fails to hold above 3120, with any near-term gains likely to meet resistance in 3180-3200 region.

STI +0.7% as at 9:21 a.m.; Market direction still tenuous: Kim Eng

November 25th, 2010 | No Comments

Singapore stocks in broad-based advance, although gains generally modest. Gainers outnumbering decliners by 8.5 to 1.

STI +0.7% at 3,159.44, expected to face resistance at Tuesday’s 3187 intraday high. All FTSE ST sub-indexes positive.

“Direction still appears tenuous and we expect the local market to trade in a tight range,” says Kim Eng Securities; adds, Wall Street’s overnight gains based on “thinned-out holiday trade”.

Most active stocks in market comprise good mix of large, small caps, including Golden Agri-Resources (E5H.SG), +2.1% at $0.725, Gallant Venture (5IG.SG), +4.7% at $0.335, Genting Singapore (G13.SG), +2.0% at $2.04, Sapphire (589.SG), flat at $0.015, Viking Offshore & Marine (557.SG), +7.9% at $0.205.

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Nov 25: CapitaLand, Great Eastern, Renewable Energy Asia Group, SATS, TPV Technology: Update

November 25th, 2010 | No Comments

Singapore shares may open higher today after Wall Street rallied overnight, as investors put aside worries about swirling global problems and focused on an improvement in the labour market and consumer sentiment. The following companies may have unusual price changes in Singapore trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index gained 0.3% to 3,137.01.

Palm-oil producers: Crude palm oil for February delivery rose 1.7% in Kuala Lumpur yesterday, snapping its two-day drop of 6.3%. Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, advanced 3.7% to 71 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, jumped 4.7% to $2.65. Wilmar International (WIL SP), the world’s largest palm-oil trader, rose 0.2% to $6.03.

STI down 0.2% as at 9:21 a.m.; Market lacks conviction: Kim Eng

November 23rd, 2010 | No Comments

Singapore shares slips on negative Wall Street cue.

“Expect range-bound trading today,” says Kim Eng Securities; “the STI has been slow in pushing to the upside and has failed to close above the 3200 level, indicating a lack of conviction.”

Benchmark off 0.2% at 3,183.98, likely to hold above current 3,150 November trough. Attention mainly on small caps, with most active being Gallant Venture (5IG.SG), +9.8% at $0.28, after Kim Eng Securities’ initiation at Buy with $0.75 target.

Other actively-traded stocks include EcoWise (5CT.SG), +4.0% at $0.13, Top Global (519.SG), +33.3% at $0.02, Bio-Treat (B22.SG), down 28.6% at $0.05. Among blue chips, Singapore Airlines (C6L.SG) down 1.5% at $15.72 as stock trades ex-dividend.

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Will Ferrell loses $18M lawsuit against JPMorgan Chase

November 20th, 2010 | No Comments

Outrageous comedian Will Ferrell reportedly lost an 18-million-dollar lawsuit against Wall Street bank JPMorgan Chase. According to Forbes.com, he now has to pay 600,000 dollars to bank in penalties and legal costs, reports the New York Daily News. Ferrell – along with â€˜Seinfeldâ€™ creator Larry David – reportedly filed an arbitration claim two years ago [...]

IBM vs. Oracle, Mobility, Cloud: What IT Pros Need to Know for 2011

November 19th, 2010 | No Comments

The IT industry has been the darling of Wall Street in 2010 even as the U.S. economy remains uncertain and business and consumer spending has still not returned to pre-recession levels. The big tech companies& Apple, Google, IBM, Oracle, and Microsoft& have been beating expectations. In addition, smaller IT companies that havent been acquired by the big boy sitting on large piles of cash remain one of the other bright spots as IPO (initial public offering) potential. Still, tech changes all the time, and just because a company is on top right now doesnt mean it can stay there forever. Like Wall Street investors, IT managers need to know which tech trends to follow to get a better idea of which vendor offers the best products at the best prices. Here, eWEEKs Eric Lundquist runs down the top technology trends that are sure to have the biggest impact when the calendar flips to 2011. Lundquist starts with how two giants& IBM and Oracle& are looking to change everything from IT services to cloud computing. – …

We Can Fix America If We Focus on What ALL Americans – Liberals AND Conservatives – Want

November 19th, 2010 | No Comments

While there are some things that liberals and conservatives will never agree about, there are many things that we already all agree on. Knowing the many things we agree to empowers us, because it helps get us away from the distractions so that we can …

STI +0.1%, broad-based gains; 3,240 may cap: Analyst

November 19th, 2010 | No Comments

STI +0.1% at 3,219.06, rising along with regional bourses after Wall Street’s rally Thursday on easing euro-zone debt worries.

Gains broad-based with around 4 risers for every decliner on SGX; but analyst at local brokerage says market may not go much higher.

“We’ll probably see some light profit-taking towards the end of the day before the weekend, that’s pretty common. The market is still a little bit uneasy with staying above the 3,200-3,300 range.”

Posts Tagged ‘Wall Street’

Dec 3: MapletreeLog, Palm oil, Wilmar, Olam, Keppel, Darco

Dec 2: Capitaland, Cosco, SIA, Noble, Osim, United Engineers

Google E-Book Service Launching to Challenge Amazon, Apple

Vodafone might take till 2020 to make Indian business turnaround

STI flat; 3,118 support; Amtek weak on debut

Dec 1: SIA, Amtek, C&O Pharma, Sound Global, Chuan Hup

Instead of Actually Stabilizing the Economy By Reining In the Giant Banks, Governments Just Launching More Faux Stress Tests as a P.R. Stunt

Dear Wikileaks: Leak the Bank Records NOW, Or Forever Hold Your Peace

Nov 30: Global Logistic Properties, Stats Chippac, Suntec REIT

Nov 29: Kim Eng, Mapletree Logistics, Mermaid Maritime, Z-Obee, Serial System

Facebook Messages Won’t Replace Traditional E-Mail, Poll Says

Greece â†’ Ireland â†’ Portugal â†’ Spain â†’ Italy â†’ UK â†’ ?

STI off 0.2%; watch 3120 support – Phillip Securities

STI +0.7% as at 9:21 a.m.; Market direction still tenuous: Kim Eng

STI down 0.2% as at 9:21 a.m.; Market lacks conviction: Kim Eng

Will Ferrell loses $18M lawsuit against JPMorgan Chase

We Can Fix America If We Focus on What ALL Americans – Liberals AND Conservatives – Want

STI +0.1%, broad-based gains; 3,240 may cap: Analyst

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