Ya all counters red red today.
Singapore Stocks
Singapore Stocks
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Dec 20 2010, 02:10 PM
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Senior Member
941 posts Joined: Aug 2008 |
Ya all counters red red today.
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Dec 20 2010, 03:32 PM
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Senior Member
4,342 posts Joined: Apr 2010 From: The place that i call home :p |
bursa bleeding atm how's SG ? ........ doing well everyone?
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Dec 20 2010, 04:27 PM
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Junior Member
34 posts Joined: Dec 2010 |
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Dec 20 2010, 05:04 PM
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Senior Member
2,711 posts Joined: Sep 2005 |
i think its only a temporary setback due to n & s korea... hope business picks up by wednesday for more rotational play
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Dec 20 2010, 05:45 PM
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Senior Member
2,711 posts Joined: Sep 2005 |
now i see why the selldown on GMG... but some reassuring words after trading hours today
The Board of Directors (“Board”) of GMG Global Ltd (“GMG” or the “Group”) refers to reports on the recent Ivory Coast situation and would like to inform shareholders and the investing public that although our production facilities have not been affected, there have been delays in the shipment of our products out of Ivory Coast. The Directors do not expect the delays in shipment to have a material impact on the Group’s financials for the year ending 31 December 2010. The Directors are monitoring the situation and will provide further updates to shareholders and investing public, where appropriate. |
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Dec 21 2010, 12:28 AM
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Junior Member
34 posts Joined: Dec 2010 |
QUOTE(wlcling @ Dec 20 2010, 05:45 PM) now i see why the selldown on GMG... but some reassuring words after trading hours today gmg's share price is as bouncy as its rubber. |
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Dec 21 2010, 10:23 AM
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Senior Member
2,711 posts Joined: Sep 2005 |
DJ MARKET TALK: GMG Global May Fall; Ivory Coast Export Delays
0050 GMT [Dow Jones] GMG Global (5IM.SG) may come under pressure after its board says there have been delays in shipments of its products out of the Ivory Coast (where it accounts for 12% of annual rubber exports), amid post-election violence in the West African nation as President Gbagbo refuses to cede power to Alassane Ouattara, who is widely recognised as having won the recent election. GMG's directors say production facilities have not been affected and they do not expect the delays to have a material impact on financials for the year ending 31 December 2010, but uncertainty over any potential hit to future earnings, or imposition of economic sanctions on the country, may weigh on the stock. But downside could be limited as the stock has fallen 10% in the last 5 sessions since hitting its S$0.335 December high, so perhaps investors are already pricing in some uncertainty. near-term support is tipped at the S$0.29 November low. (matthew.allen@dowjones.com) |
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Dec 21 2010, 10:49 AM
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Senior Member
2,508 posts Joined: Jun 2009 |
guys, I have not received any forms to purchase rights for Firstreit and Transcu. Any ways I can informed them to resend it to me or should I go directly to their office?
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Dec 21 2010, 11:12 AM
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Senior Member
4,342 posts Joined: Apr 2010 From: The place that i call home :p |
QUOTE(ronn77 @ Dec 21 2010, 10:49 AM) guys, I have not received any forms to purchase rights for Firstreit and Transcu. Any ways I can informed them to resend it to me or should I go directly to their office? I think u shld ask ur broker lahhhh last time I ask them before rights issued but now I think it was too late lahh. Maybe u can comfirm it with ur broker first. I not meant to scared u but telling u my story only. |
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Dec 21 2010, 11:16 AM
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Senior Member
4,342 posts Joined: Apr 2010 From: The place that i call home :p |
QUOTE(wlcling @ Dec 21 2010, 10:23 AM) DJ MARKET TALK: GMG Global May Fall; Ivory Coast Export Delays Maybe it's others opportunity to buy more?0050 GMT [Dow Jones] GMG Global (5IM.SG) may come under pressure after its board says there have been delays in shipments of its products out of the Ivory Coast (where it accounts for 12% of annual rubber exports), amid post-election violence in the West African nation as President Gbagbo refuses to cede power to Alassane Ouattara, who is widely recognised as having won the recent election. GMG's directors say production facilities have not been affected and they do not expect the delays to have a material impact on financials for the year ending 31 December 2010, but uncertainty over any potential hit to future earnings, or imposition of economic sanctions on the country, may weigh on the stock. But downside could be limited as the stock has fallen 10% in the last 5 sessions since hitting its S$0.335 December high, so perhaps investors are already pricing in some uncertainty. near-term support is tipped at the S$0.29 November low. (matthew.allen@dowjones.com) |
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Dec 21 2010, 11:30 AM
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Senior Member
941 posts Joined: Aug 2008 |
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Dec 21 2010, 02:56 PM
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Senior Member
2,508 posts Joined: Jun 2009 |
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Dec 21 2010, 03:56 PM
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Senior Member
941 posts Joined: Aug 2008 |
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Dec 21 2010, 04:08 PM
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Senior Member
2,508 posts Joined: Jun 2009 |
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Dec 21 2010, 06:17 PM
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Senior Member
2,711 posts Joined: Sep 2005 |
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Dec 22 2010, 09:44 AM
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Senior Member
2,711 posts Joined: Sep 2005 |
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Dec 22 2010, 10:54 AM
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Senior Member
2,711 posts Joined: Sep 2005 |
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Dec 22 2010, 10:58 AM
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Senior Member
4,342 posts Joined: Apr 2010 From: The place that i call home :p |
anyone know what happen to wilmar?
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Dec 22 2010, 11:03 AM
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Senior Member
2,711 posts Joined: Sep 2005 |
QUOTE(cwhong @ Dec 22 2010, 10:58 AM) some analyst said:-Wilmar’s latest move merits a long term downgrade. Wilmar has entered into a JV agreement with Kerry Properties and Shangri La Asia (controlled by tycoon Robert Kuok, uncle of Wilmar’s founder Kuok Khoon Hong) to go into real estate development, operation, sale, leasing, property management; and hotel development, operation and management, in the Liaoning province. The 3 parties have successfully bid for 3 sites in Bayuquan in Yingkou city in Liaoning, for Rmb 240 mln / US$36 mln / S$47 mln. Total investment is estimated at Rmb 2569 mln / US$386 mln / S$507 mln, of which Wilmar’s share will be Rmb 889.15 mln / US$134 mln / S$176 mln. Wilmar’s stake is 35%, Kerry 40% and Shang 25%. As it is, trading in commodities is fraught with risks, now KKH has to “worry” about properties, however “exciting” prospects may be in the second- &-third-tier cities in China! The move reminds of Want Want’s major mistake to diversify into properties / hospitals many years back, for which the snack maker was punished by investors. We do not expect the $5.90 support to hold, ie the next support will be around $5.50 reached in May ’10. |
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Dec 22 2010, 11:09 AM
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Senior Member
4,342 posts Joined: Apr 2010 From: The place that i call home :p |
QUOTE(wlcling @ Dec 22 2010, 11:03 AM) some analyst said:- many thanks Wilmar’s latest move merits a long term downgrade. Wilmar has entered into a JV agreement with Kerry Properties and Shangri La Asia (controlled by tycoon Robert Kuok, uncle of Wilmar’s founder Kuok Khoon Hong) to go into real estate development, operation, sale, leasing, property management; and hotel development, operation and management, in the Liaoning province. The 3 parties have successfully bid for 3 sites in Bayuquan in Yingkou city in Liaoning, for Rmb 240 mln / US$36 mln / S$47 mln. Total investment is estimated at Rmb 2569 mln / US$386 mln / S$507 mln, of which Wilmar’s share will be Rmb 889.15 mln / US$134 mln / S$176 mln. Wilmar’s stake is 35%, Kerry 40% and Shang 25%. As it is, trading in commodities is fraught with risks, now KKH has to “worry” about properties, however “exciting” prospects may be in the second- &-third-tier cities in China! The move reminds of Want Want’s major mistake to diversify into properties / hospitals many years back, for which the snack maker was punished by investors. We do not expect the $5.90 support to hold, ie the next support will be around $5.50 reached in May ’10. |
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