Market sentiment is very bad now...
After Dubai, now Europe's turn to make the market fear....

Genting SP lifting of trading halt on 10:30 AM...

THE doors to Singapore's first casino and Universal Studios theme park will be flung open by the Chinese New Year, which is widely regarded as an auspicious time.

Tenants and staff at Resorts World Sentosa (RWS) told The Straits Times that they have been gearing up for the big opening at the end of this week.

One tenant said yesterday they had been told by the management that the theme park is targeted to open on either Feb 12 or 13, and the casino would open on Feb 13.

'We were told this a couple of days ago. We are very excited about good business during Chinese New Year,' said Mr Zie Samad, manager of Chili's, a restaurant which is just beside the theme park entrance. Entertainment veteran Dennis Foo, who is opening a new club at the integrated resort (IR) by early May, said 'more than three people in senior management' had told him the theme park would be taking in its first guests this week.

Mr Foo toured the IR last month and pronounced the casino '100 per cent ready'.

Several casino staff, who spoke to The Straits Times on condition of anonymity, said they were told to be ready for the casino's opening before Chinese New Year.

looks like everyone is selling on news now...

it had been following the market trend all this while...
market up it up, market down it down....

latest news i can find is this only :

STRAITS ASIA SECURES 5-YEAR SUPPLY OF COAL TO ADANI GROUP

Singapore – 2 February 2010: Mainboard-listed Straits Asia Resources Limited (“Straits Asia”, SGX: SAR) today announced that it has signed a five-year contract to supply coal from its Jembayan mine in East Kalimantan, Indonesia to the Adani Group.

The Jembayan Mine produces 2 types of coal: Prangat and JMB, both known for their consistency in quality. Under the terms of the contract which is effective from 1 April 2010, Straits Asia will sell every 12 months, 1.5 million tonnes of JMB coal and 500,000 tonnes of
Prangat Coal.

The agreed FOB price for JMB and Prangat coal for each delivery will be based on the public index floating price. Delivery will be evenly spread from 1 April 2010 to 31 March 2015.

Said Richard Ong, CEO of Straits Asia: “We are very pleased to have secured a long-term contract from an established customer such as the Adani Group. This is an important step forward in securing long-term buyers as we ramp up production at Jembayan Mine and testimony to the continued demand for quality coal and the willingness of customers to secure long-term supply from Straits Asia.”

Adani Group is one of the largest business houses in India with interests in trading, infrastructure, mining, power generation, edible oil, logistics and agri logistics. It is the largest coal trader in India and expects to trade in excess of 26 million tonnes during 2010.

ENDS

everything is falling, i dont dare to open market anymore...

wait till after CNY only come back see liao...

SAR now is below 1.95 liao...
is it SAR dealing a with Euro market?

its STI stock called Strait Asia Resources...

haihz i think this could be the impact from Europe on this stock liao:

SAR's business:
Sebuku mine produces single burn thermal coal which we sell primarily to Asian and European power utilities. We intend aggressively to expand production from the resource base on Sebuku.

ya...after CNY should be able to collect dividend liao...

eh you also penang lang ar?
me also 1pm ++ reach penang tomorrow....

everyone huat ar!!!

wah you also in penang ar? then i treat you eat in tambun easier, no need go sarawak.....hahah

i will see you on highway from the air....hahaha

so many penang people from lowyat...

wanna meet up for Penang Lowyat Stock Exchange Group Gathering or not?

haha huat chai + ang pow collection from lowyat married forumers gathering....