Haven't blogged in ages as I've been kept busy with school work. The STI as of now is 2661 points, and it has been hovering between 2600 and 2700 for the past few weeks. Reason being the uncertainty hovering around global markets, especially the financial market of US.
The fluctuations might be a good thing though, as one can buy into the dips and sell as the prices go upwards. It is of course difficult to tell when, but the road to recovery, no doubt slow, will be an unpredictable one with several dips along the way.
Several counters to look into this period are the REITs..At this point of speaking, Ascendas REIT seems like a good counter to look into given the trend.
The market might continue to fall further next week if the trends of the STI ETF prevail. Might hit the early 2600s again for the upcoming week.
Friday, November 6, 2009
Monday, September 21, 2009
an opportunity?
When the government announced its new property policies to curb speculation of new housing units, half a dozen stock prices for property based stocks such as Allgreen, City Developments and Keppel Land fell overnight.
Took the chance that morning to purchase some lots of Keppel Land and Ho Bee, as the fundamentals of these companies should not be affected by the breaking news. I believe that you can never go too wrong with property in Singapore. Buying a property is more of location than timing, and the companies whose prices had fell this time round weren't only in residential investments.
Upcoming week would be interesting to see if the prices start to show any movement upwards or if investors are still half hearted over the prospect of the property market in Singapore. A perfect example to show how stock prices are so closely related to sentiment.
News. Panic. Sell.
Took the chance that morning to purchase some lots of Keppel Land and Ho Bee, as the fundamentals of these companies should not be affected by the breaking news. I believe that you can never go too wrong with property in Singapore. Buying a property is more of location than timing, and the companies whose prices had fell this time round weren't only in residential investments.
Upcoming week would be interesting to see if the prices start to show any movement upwards or if investors are still half hearted over the prospect of the property market in Singapore. A perfect example to show how stock prices are so closely related to sentiment.
News. Panic. Sell.
Monday, September 14, 2009
Genting Sg more hype than substance?
Read in the Business Times today about Genting Singapore. Being compared to the tech bubble that started to grow at the start of the internet age, certain analysts have issued 'Buy' signals on Genting, betting on the potential of earnings when the IR begins its operations.
However, fundamentals have been ignored for this loss making company. The optimistic glow shining upon Genting SP has sent the share prices up on a spectacular rise for the past 2 weeks, from about a dollar to $1.21. Prices have fell back to less hyped levels at about $1.06 today.
I would expect the price to drop further, perhaps back to $1. Other stocks have shown great volatility as well. Allgreen properties hit a high of $1.30 in the past week but fell back to my buying price of $1.16.
Would look at the possibility of purchasing some counters tomorrow to make up for those I had sold at the start of September. Hopefully, there would be some dips I can buy in.
However, fundamentals have been ignored for this loss making company. The optimistic glow shining upon Genting SP has sent the share prices up on a spectacular rise for the past 2 weeks, from about a dollar to $1.21. Prices have fell back to less hyped levels at about $1.06 today.
I would expect the price to drop further, perhaps back to $1. Other stocks have shown great volatility as well. Allgreen properties hit a high of $1.30 in the past week but fell back to my buying price of $1.16.
Would look at the possibility of purchasing some counters tomorrow to make up for those I had sold at the start of September. Hopefully, there would be some dips I can buy in.
Saturday, September 5, 2009
just a short note
Do you believe in the September effect?
It is said that bad things in the market take place in the month of September, like the Great Depression in 1930. Will it be a double dip recession this month? Indeed trading volumes have been generally low in SGX and the STI seems to have hit some sort of ceiling slowing down the rebound after the dip.
Having temporarily quit the night trading US market because I couldn't afford the energy and stress amid my studies, I had shifted my focus to the local market. The recent rally in the US market had also died down and the momentum has also influenced the STI.
Have been looking into potential buys now that prices are depressed. My guess is momentum would probably pick up again after next week, though much of the movement will be attributed as usual, to what happens in the US market and more importantly, Hong Kong.
It is said that bad things in the market take place in the month of September, like the Great Depression in 1930. Will it be a double dip recession this month? Indeed trading volumes have been generally low in SGX and the STI seems to have hit some sort of ceiling slowing down the rebound after the dip.
Having temporarily quit the night trading US market because I couldn't afford the energy and stress amid my studies, I had shifted my focus to the local market. The recent rally in the US market had also died down and the momentum has also influenced the STI.
Have been looking into potential buys now that prices are depressed. My guess is momentum would probably pick up again after next week, though much of the movement will be attributed as usual, to what happens in the US market and more importantly, Hong Kong.
Sunday, August 23, 2009
getting busy...
Due to my busy workload and upcoming performances, I would be updating less but this does not mean I'm taking my sight off the stock market.
The next week would be a good week to start shopping around for more counters to hold for the mid to long term. Will be off short term trading for a while, as it would require constant monitoring in the night that wouldn't be too friendly on my well being.
Ok, I got to go. I would try to update as much as possible but it'll depend on my schedule. Happy investing!
The next week would be a good week to start shopping around for more counters to hold for the mid to long term. Will be off short term trading for a while, as it would require constant monitoring in the night that wouldn't be too friendly on my well being.
Ok, I got to go. I would try to update as much as possible but it'll depend on my schedule. Happy investing!
Friday, August 14, 2009
Start shopping again
Haven't blogged in a while as the new school term had started, and there were plenty to be busy with.
Had sold off about half of my SGX stocks before and slightly after the market had corrected, and while the index hovers around the region of 2600 and prices of some counters have dipped, it is time for some stock shopping again.
Having made the mistake of overdiversifying earlier on, I had to be more selective this time around. The thing about buying a little of everything actually increased risk exposure, and profits if any, were little for each counter. Hence the investment horizon had to be longer if any significant gain were to be realised across the stocks.
Decided to focus more on the REITs and property stocks this time around. Bought in Yanlord Land in the morning, and still queueing for Allgreen Properties.
Had sold off about half of my SGX stocks before and slightly after the market had corrected, and while the index hovers around the region of 2600 and prices of some counters have dipped, it is time for some stock shopping again.
Having made the mistake of overdiversifying earlier on, I had to be more selective this time around. The thing about buying a little of everything actually increased risk exposure, and profits if any, were little for each counter. Hence the investment horizon had to be longer if any significant gain were to be realised across the stocks.
Decided to focus more on the REITs and property stocks this time around. Bought in Yanlord Land in the morning, and still queueing for Allgreen Properties.
Friday, August 7, 2009
Fabchem China reports highest ever quarterly revenue
Fabchem China reports highest ever quarterly revenue
Admist investors cashing out and the market correcting, some good news released at noon sent the stock price of Fabchem to a high of $0.19. This is quite a jump considering the price has been hovering around the likes of $0.11 to $0.13 for the past 2 months at least.
For a better picture, you can check out the company info and charts at SGX under company all-in-one information.
Bullish sentiment surrounding Fabchem is likely to carry on to next week.
Admist investors cashing out and the market correcting, some good news released at noon sent the stock price of Fabchem to a high of $0.19. This is quite a jump considering the price has been hovering around the likes of $0.11 to $0.13 for the past 2 months at least.
For a better picture, you can check out the company info and charts at SGX under company all-in-one information.
Bullish sentiment surrounding Fabchem is likely to carry on to next week.
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