Asian markets face turbulence in 2008: ratings agency
Asian stock markets face a difficult 2008 and could slide sharply, ratings agency Standard and Poor's said Thursday as regional share prices fell heavily in early trading.
"2008 will be a more difficult year for stock market returns and we would not rule out the risk of a sharp correction," Lorraine Tan said in a statement accompanying a report by the agency's equity research unit.
Asian equity markets had reached increasingly risky levels and there would be less scope for them to rise after 2007's strong performance, the report added.
"Markets would be jittery over potential negative news, such as on inflation and further deterioration in the US and European economies," Tan said.
The comments came as major Asian markets dropped by between two and three percent early Thursday after an overnight slide on Wall Street caused by jitters about the outlook for the US economy.
The US is struggling with a credit crunch and housing market slowdown after record defaults on subprime mortgages extended to homebuyers with riskier credit profiles.
The report said markets in Hong Kong, South Korea and Thailand were likely to deliver better relative performance in 2008, but that Japan was set to do less well.
Standard & Poor's also expects more ratings downgrades for the corporate sector next year due to rising costs and less readily available credit.
Ian Thompson, the firm's chief credit officer for regional ratings services, said that "casualties" were expected, especially outside the financial sector.
He added that "the balance of our rating outlooks on the corporate sector suggests there may be more rating downgrades than upgrades among Asia-Pacific companies in 2008".
That contrasted sharply with the general improvement in credit quality this year, he said in the statement.
Standard & Poor's expects Southeast Asia to grow on average 6.4 percent in 2008, with Indonesia and the Philippines seen as bright spots.
My view - Guess this is not a good thing for punters and to me personally. But at the end of the day.....good thing will end one day, for this case too soon hahaha.
So, gotto rethink my options to deal with this.
Thursday, November 08, 2007
Monday, November 05, 2007
Tuesday - SGX
Power....the index started out shooting higher. In fact at one point in the morning it was up by 30+ points and then the Hong Kong market started...also up by 350+ points....then within 20 mins, dropped by 350 points. SHIT!!! And the market here also followed with a drop of 7 points instead of a plus 30 points.
To think of it....that is a wide range of movement. From the look of the market lately here and elsewhere, it is quite common movement. So there is money to be made if your call is "right". Hahaha I was thinking of some cherry-picking this morning but the start of trading threw me off balance. I expected the market to drop since the US's market dropped. I end-up buying the losing stocks....since they slow a negative or have not went up yet. EG China Fish, Bio-treat and Pac Andes. By 10.30am,
all show a drop hahaha...instead of cherry they turned into sour plum. Anyway by 11.30am they did recovered the price a little.
Really need a strong heart to play this market lately....fun if the call is correct and made some money...the same can happen if the call is proved wrong, lose some money.
To think of it....that is a wide range of movement. From the look of the market lately here and elsewhere, it is quite common movement. So there is money to be made if your call is "right". Hahaha I was thinking of some cherry-picking this morning but the start of trading threw me off balance. I expected the market to drop since the US's market dropped. I end-up buying the losing stocks....since they slow a negative or have not went up yet. EG China Fish, Bio-treat and Pac Andes. By 10.30am,
all show a drop hahaha...instead of cherry they turned into sour plum. Anyway by 11.30am they did recovered the price a little.
Really need a strong heart to play this market lately....fun if the call is correct and made some money...the same can happen if the call is proved wrong, lose some money.
Desire by Osho
“Desire has not to be destroyed, it has to be purified. Desire has not
to be dropped, it has to be transformed. Your very being is desire; to
be against it is to be against yourself and to be against all...”
Osho
hahaha....guess what Osho may be thinking are the pure type like the
desire to make money. On itself, it can be many different ways to
achieve the goal....so maybe he wants us to do that the "right way".
Like...thru hard work or biz ( honest way ).
Man....the start of day and the sky already "dark" and raining. Sighed!
Just hope this does not happen to the stock market too hahaha. My take
for today should be better than yesterday. Can monitor and do some
cherry-picking if free. And I am free as usual....unwanted!
to be dropped, it has to be transformed. Your very being is desire; to
be against it is to be against yourself and to be against all...”
Osho
hahaha....guess what Osho may be thinking are the pure type like the
desire to make money. On itself, it can be many different ways to
achieve the goal....so maybe he wants us to do that the "right way".
Like...thru hard work or biz ( honest way ).
Man....the start of day and the sky already "dark" and raining. Sighed!
Just hope this does not happen to the stock market too hahaha. My take
for today should be better than yesterday. Can monitor and do some
cherry-picking if free. And I am free as usual....unwanted!
SGX - index dropped 45 points
hahaha at one point in the afternoon, it went down to 60+ points. And the US futures also went down to 120 points as compared to the Singapore's close at 5pm which show only 95 points.
Tomorrow will be another "down" day for the markets everywhere, as we are living in a global market. The problem is whether "how much is the drop in US tonight?" Then the same will happen here in Asia.
For the present drop...the blame is back to sub-prime and if the last one in August is any guide then we can see the market dropping for the next couple of days. With the holiday on Thursday....then, next Monday is a better bet for the market to stablise. Still...there will be some stocks going "up and down".
My pick for the local ones...mainly from Construction sector will be Yongnam ( below 33 cents ), Chip Eng Seng ( below 58 cents ) and Hiap Seng ( below 66 cents ).
The heavy weight ones shall be STX PO ( below 3.50 ) and Olam ( below 3.00 ).
The China ones then the ones shall be Synear ( below 1.90 ), China Energy ( below 1.10 ), China Fish ( below 1.88 ), YangZiliang ( below 1.90 ), China Sky ( below 2.00 ), China XLX ( below 1.00 ), China Sun ( below 50 cents ) and Pine Agritech ( below 43 cents ). For China stocks.....it is wise to stay out for the moment becoz of all the different views and ideas coming out of Bejing esp with the QII funds which can invest in oversea China stocks. One victim of this rumour is Hong kong market today...down by 5% or 1500+ points.
With the bloodbath in Asia the whole day....these prices are being "narrow" and the gaps/my targets are achievable so I must stay very calm and patient hahaha. All these remind me....of "fishing".
My advise is still be invest in Index shares....better and faster reaction when the market corrects upwards.
Tomorrow will be another "down" day for the markets everywhere, as we are living in a global market. The problem is whether "how much is the drop in US tonight?" Then the same will happen here in Asia.
For the present drop...the blame is back to sub-prime and if the last one in August is any guide then we can see the market dropping for the next couple of days. With the holiday on Thursday....then, next Monday is a better bet for the market to stablise. Still...there will be some stocks going "up and down".
My pick for the local ones...mainly from Construction sector will be Yongnam ( below 33 cents ), Chip Eng Seng ( below 58 cents ) and Hiap Seng ( below 66 cents ).
The heavy weight ones shall be STX PO ( below 3.50 ) and Olam ( below 3.00 ).
The China ones then the ones shall be Synear ( below 1.90 ), China Energy ( below 1.10 ), China Fish ( below 1.88 ), YangZiliang ( below 1.90 ), China Sky ( below 2.00 ), China XLX ( below 1.00 ), China Sun ( below 50 cents ) and Pine Agritech ( below 43 cents ). For China stocks.....it is wise to stay out for the moment becoz of all the different views and ideas coming out of Bejing esp with the QII funds which can invest in oversea China stocks. One victim of this rumour is Hong kong market today...down by 5% or 1500+ points.
With the bloodbath in Asia the whole day....these prices are being "narrow" and the gaps/my targets are achievable so I must stay very calm and patient hahaha. All these remind me....of "fishing".
My advise is still be invest in Index shares....better and faster reaction when the market corrects upwards.
Sunday, November 04, 2007
Another "down" day for the SGX
Well....this is to be expected esp with the markets around the world are at their "highs" and with oil and resources at the all-time "high" too.
Even at the "mirco level" eg at our market and neigbhourhood shops, almost everything have gone up. For the general public, the situation is worst off than
before. Like myself....got a 3% increase in pay but look around, GST went up by
another 2%, the petrol price increase, then everything went up even at NTUC supermarkets. Our money has lost the actual value faster then we can earn more.
With...the above, believed this is happening all over the world. No place is spared.
Frankly I really pity those who are counting their $ and cents. This is really "shit" time for them.
Oh...back to SGX, yes! the market will drop for the next few days too. How much will it drop, no one can really tell. So...it is best, to stay out of the market and watch it from far. Only when there is a 10% correction...then it is time to come and camp "monitor" the price movement.
Yes....there are a few "good" stocks to focus on.
Even at the "mirco level" eg at our market and neigbhourhood shops, almost everything have gone up. For the general public, the situation is worst off than
before. Like myself....got a 3% increase in pay but look around, GST went up by
another 2%, the petrol price increase, then everything went up even at NTUC supermarkets. Our money has lost the actual value faster then we can earn more.
With...the above, believed this is happening all over the world. No place is spared.
Frankly I really pity those who are counting their $ and cents. This is really "shit" time for them.
Oh...back to SGX, yes! the market will drop for the next few days too. How much will it drop, no one can really tell. So...it is best, to stay out of the market and watch it from far. Only when there is a 10% correction...then it is time to come and camp "monitor" the price movement.
Yes....there are a few "good" stocks to focus on.
Saturday, November 03, 2007
No such thing as a sure bet
Yes! confirmed esp for the above statement. At best....the odds are better maybe 30/70 but only if one is prepared to lose some money and sleep, it is best just to keep an eye on the market esp like now.
Yes! one can still win some money....only but if ONE is prepared to be patient and wait for the opportunity. Must be damn nibble in this type of market or end-up losing the pants too.
Sometime....by holding a losing bet may not be a "great idea" as no one can predict the bottom for the stock at this moment. At best....after some homeworks and midnight oil....can come up with some guidelines before placing the bets.
Yes! one can still win some money....only but if ONE is prepared to be patient and wait for the opportunity. Must be damn nibble in this type of market or end-up losing the pants too.
Sometime....by holding a losing bet may not be a "great idea" as no one can predict the bottom for the stock at this moment. At best....after some homeworks and midnight oil....can come up with some guidelines before placing the bets.
SGX - for the week ending 2/11
Well for the past week stock market, lots of up and down. Lucky managed to control
myself from diving into it. Anyway....after the last screw-up, I am kind of very kiasi. It is no fun losing money....trust me on that. Might as well use the money to go for a holiday or buy something for the family and myself. That is better as everyone can be happy.
From the look of the market here....it has gone up too fast and the volume has come down, this show that the ave retail punters ( uncle and anuties ) are still nursing their wounds esp when the China stocks came crashing down about 2 weeks ago.
The market has to correct before the year-end rally....and for this to happen, the index gotto come down to 3300. Therefore there is still a 10% drop before things can stablised. This is when the volume dropped further....signalling that the weak sellers have sold out their holdings.
I would focus on STX PO ( below $3.60 ), Olam ( below $3.00 ), Semb Mar ( below $4.40 ) and Berlian Laju ( below 33 cents ). As for the China shares....best to give them a rest hahaha. Maybe a couple can be follow, China Energy ( below 1.20 ) and Yangzijiang ( below $2.00 ). For quickies, Chip Eng Seng ( below 64 cents ) and Manhattan Resources ( below 65 cents ).
Mainly for the long term then....STX PO is the best bet if can buy below $3.60 as the stock is selling back in Korea at $7.20 or at double my target. Unless some huge correction happen or some hidden forex losts by the company ( eg Semb Mar & Labroy )
occur out of the blue....this stock should continue to go up to around $5 by end of the year. The thing is this....this stock is very violate.
myself from diving into it. Anyway....after the last screw-up, I am kind of very kiasi. It is no fun losing money....trust me on that. Might as well use the money to go for a holiday or buy something for the family and myself. That is better as everyone can be happy.
From the look of the market here....it has gone up too fast and the volume has come down, this show that the ave retail punters ( uncle and anuties ) are still nursing their wounds esp when the China stocks came crashing down about 2 weeks ago.
The market has to correct before the year-end rally....and for this to happen, the index gotto come down to 3300. Therefore there is still a 10% drop before things can stablised. This is when the volume dropped further....signalling that the weak sellers have sold out their holdings.
I would focus on STX PO ( below $3.60 ), Olam ( below $3.00 ), Semb Mar ( below $4.40 ) and Berlian Laju ( below 33 cents ). As for the China shares....best to give them a rest hahaha. Maybe a couple can be follow, China Energy ( below 1.20 ) and Yangzijiang ( below $2.00 ). For quickies, Chip Eng Seng ( below 64 cents ) and Manhattan Resources ( below 65 cents ).
Mainly for the long term then....STX PO is the best bet if can buy below $3.60 as the stock is selling back in Korea at $7.20 or at double my target. Unless some huge correction happen or some hidden forex losts by the company ( eg Semb Mar & Labroy )
occur out of the blue....this stock should continue to go up to around $5 by end of the year. The thing is this....this stock is very violate.
Subscribe to:
Posts (Atom)