Saturday, May 12, 2007

Red in Asia But Green On Wall's Street

Straits Time3446.92-22.34(-0.64%)
BT-SRI 1744.41-7.85(-0.45%)
UOB Sesdaq 216.05+0.83(+0.39%)
KLSE Comp 1351.45-4.17(-0.31%)
Nikkei 225 17553.72-183.24(-1.03%)
Hang Seng 20468.21-278.06(-1.34%)
Dow Jones 13305.90+90.77(+0.69%)
NASDAQ 2553.41+19.67(+0.78%)

STI dropped 22.34 to its current 3446.92 whilst HSI shed 278.06 to 20468.21. Currently, DJ is performing well with a gain of 90.77 with market closing in around 3 hours time.

Armstrong emerged 'strong' during days of falls. Worth a re-look in this counter during relatively bad times. Market is expected correct more than usual this month. Monday should be a day of recovery judging from the performance of Wall's Street currently.

Comfortdelgro was cut to $2.220 due to XD whilst Sembcorp maintained uptrend with an 0.120 gain.

On funds' end, one important thing to note is that Korea Funds has recovered somewhat since my recommendation. Maintained exposure on Korea and Malaysia Funds. I have got Lion Capital Korea, Lion Capital Malaysia and Lion Capital Malaysia/Singapore. I am also holding to dividend focused fund like First State Dividend Advantage Funds with quarterly pay out. Good diversification. Greater China funds had increased more than 15% since January 2007 in my portfolio. I am extremely tempted to take profit, however I held on to myself for the time being and will be waiting for selling signals. China's Shanghai Composite seems extremely heavy and overheated.

Any opinion herein is made on a general basis and is not an inducement to trade.

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