Stock Picks 10 Feb 15

DBSV
Yoma - Buy - TP $0.73
Cache Logistic - Buy - TP $1.29

UOBKH
Semb Corp Industries - Buy - TP $5.20

Daily Summary 9 Feb 15

Europe and Dow were weaker on Friday. Dow closed -61 at 17824.  Dow's trend is still up.  Dow's future is now -85.  European bourses were down on opening.

Asian bourses were mixed.  Nikkei +63, ShanghaiC +19, Hangseng -158.  STI closed -12 at 3420.  Volume was 1.2b shares.  Gainers were 168 to 285 losers.

Trend of STI is flat.

Top volumes were HPHTrust -4.5, IHC +0.5, APAC +0.1, GoldenAgri -2, Equation -0.1, SIIC +0.5, SinoConstruction unchanged, Noble +1, CapitaMallTrust -1.

Market opened down and stayed down the whole day. It closed near day low -11.  Volume was a low of 1.2b shares.  Blue chips were mostly in the red. Penny and speculatives were also weaker.

Europe opened sharply down. Dow's future at the moment is also down.

Stock Picks 9 Feb 15

DBSV
SIA - Buy - TP $12.90

UOBKH
SIA - Buy - TP $14.00

OCBC
Kep Corp - Buy - TP $9.14

Daily Summary 6 Feb 15

Europe and Dow were up last night.  Dow closed +212 at 17885.  Dow's trend is turning up. Dow's future is now +18.  European bourses opened down.

Asian bourses were mixed.  Nikkei +144, ShanghaiC -60, Hangseng -86.  STI closed +25 at 3431.  Volume was 1.2b shares.  Gainers were 235 to 188 losers.

Trend of STI is inching up.

Top gainers were GoldenAgri +3, Noble +7, IC unchanged, PacificAndes -0.2, Ezion -3, HPHTrust +1, Memstar unchanged, Genting -1.5, FirstReit unchanged, BengKuang +0.5.

Market opened slightly positive but gained strength to move up to a high of 3442. It pulled back slightly in the afternoon to close at 3431.  Blue chips were mostly firmer. Penny and speculatives were mixed.

Europe is weaker at this moment while Dow's future is now slightly up.

Stock Picks 6 Feb 15

DBSV
Global Logistic Properties - Buy - TP $2.98

UOBKH
Silverlake Axis - Buy - TP $1.66

OCBC
Global Logistic Properties - Buy -TP $2.99

SGX versus Remisiers – Who is the referee?

The Stock Market is collapsing, the industry is dying, remisiers are resigning and leaving, business has fallen to an intolerable level that some remisiers are earning less than a cleaner. On the other corner, the Stork Market is doing well, and improving, getting betterer, more trades, more volumes, more participants, more products, in the pink of health. Many measures and improvements have been introduced by the SGX and everything is fine.
 
Obviously one is lying through the skin of his teeth. Which one? Who is to judge and call the bluff? The facts cannot lie and it does not need a rocket scientist to know the truth. But no one is saying anything, or have they said and concluded that everything is fine?
 
This is like two guys inside a lift. One farted, and both got into a heated argument on who farted. Sure, between the two of them they jolly well knew who farted. But the outsiders looking from the outside would not know who the liar was. But if one has a vested interested in the argument, one could side with the side that favours him. A neutral party would or could easily prove who the farter was by smelling their pants.
Guess the verdict? Would the real farter stand up or be asked to own up? Is it so difficult to know the answer? Would the referee still be thinking, thinking hard or would he be assuming that everything is fine? No thinking needed?
 
Maybe it is better to set up a committee to look into it, a board of inquiry, ya?

Daily Summary 5 Feb 15

European bourses were relatively flat and mixed. Dow was +7 at 17673. Dow's trend is turning up.  Dow's future is now +50.  European bourses opened slightly down.

Asian bourses were mixed. Nikkei -174, ShanghaiC -37, Hangseng +86.  STI closed -14 at 3404. Volume was 1.2b shares.  Gainers were 160 to 279 losers.

Trend of STI is flat.

Top volumes were PacificAndes +0.1, GoldenAgri unchanged, IHC unchanged, ChinaEnv -3.5, Oceanus unchanged, SIIC -0.2, GeoEnergy +1, Noble -1.5, GlobalLogistic -3, Vallianz -0.1.

Market opened flat and slipped further down and then stayed around a -10 pts band.  Volume was very low.  There were more losers than gainers among the blue chips.  Penny and speculatives were also weaker.

European slightly down on opening.  Dow's future is positive at the moment.