Red, Red and More Red.

Straits Time	3511.13	-15.95	(-0.45%)
SENSEX	14411.38	-96.83	(-0.67%)
UOB Sesdaq	214.63	-2.69	(-1.24%)
KLSE Comp	1339.18	-3.82	(-0.28%)
Nikkei 225	17588.26	-84.30	(-0.48%)
Hang Seng	20293.76	-175.83	(-0.86%)
Dow Jones	13490.46	-30.88	(-0.23%)
KOSPI	1662.72	+0.92	(+0.06%)
SSEC	4053.09	-281.84	(-6.50%)

The trading ended in a sea of red. Sell in May effect sets in the final trading day of the month. Most inflated counters were thumped down drastically. Cautious investors mood ahead after Vesak's day and especially it is a Friday. However, with such bargain and attractive price, there will a slight recovery of trading band of not more than 15 points. Correction is actually necessary to keep the market healthy and viable.

China bubble had not been burst yet but there have been serious stances taken by the Chinese government on curbing their stock market bubble by advising student not to play in stock market and open up foreign stock investment opportunities to their country man. It may well be that this overheating trend may be cooled off.

ARC Market Pulse Portfolio

Counter	Qty	Buying Price	Current Price	Cost	Value
GlobalTest	3000	0.25	0.24	776	720
Ban Joo	5000	0.095	0.14	501.5	700
Acma	8000	0.13	0.12	1066.4	960

Acma retreated to 0.12, Global Test remain stagnant as there is no clue or direction for tech stocks whilst Ban Joo were sold down in the earlier session which see it unchanged at the end of the day when shortists covered back their position.

Long term counters: Sembcorp propelled on to $5.50 despite thunder storm whilst Comfort holding strong ground at $2.200.

As you can see, Kospi is the only index, unaffected by the global correction, because it really has corrected enough when the other indices' bull running like there is no tomorrow. Room for growth - Thailand, India and Korea equity funds. Election is coming for Taiwan, may want to monitor Taiwan's equity performance soon.

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

(EXTRACT) SOURCE - REUTER

Wednesday May 30, 8:06 AM

Malaysia Hot Stocks-Market seen jittery after China clampdown

KUALA LUMPUR, May 30 (Reuters) - Malaysian shares are likely to fall for a second straight day on Wednesday, after China's move to cool its overheating stock market added to fears of a technical correction in Asian markets, dealers said.

"The market is jittery, very jittery," said a dealing head with a bank-backed brokerage. "It's scared of China. The U.S. rose overnight but the undertone, with China raising taxes on stock trades, could lead markets downwards."

China's authorities raised stamp duties on share trades, a move seen as a bid to clamp down on the overheated market. China's Ministry of Finance made the midnight announcement through the official Xinhua news agency, an unusual move that underlined deep government concerns about its stock market.

In the 16-year history of the modern Chinese stock market, an increase in stamp duty has always caused a market slump over the following few weeks or ended a bull run.

On Tuesday, Malaysia's benchmark Composite Index fell 0.2 percent to 1,343 points led by declines in third-largest lender Public Bank Bhd and Maxis Communications , Malaysia's largest mobile phone firm.

The May futures contract put the key stock index at 1,338 points and June futures put it at 1,329 points.

"Flows are light, with a net sell (bias), said a dealer with a foreign brokerage. "We expect the market to remain rangebound on a lack of fresh leads." He noted that Asian exchange-traded funds were mostly higher overnight, with Malaysia up 0.8 percent.

Malaysian cement-maker Cement Industries of Malaysia Bhd could be in focus after its 51 percent-owner, state-controlled developer UEM World Bhd , said sale talks with France's Vicat were still ongoing.

U.S. stocks ended higher on Tuesday, helped by a wave of takeover news, but China's move to cool off its skyrocketing stock market limited Wall Street's broader advance and raised concerns about a global equity sell-off.

The Dow Jones industrial average edged up 0.10 percent to 13,521.34. The Standard & Poor's 500 Index rose 0.16 percent to 1,518.11 and the Nasdaq Composite Index 0.58 percent to 2,572.06.

Market Recovered; Will It Still Move Up?

Straits Time	3513.37	+26.74	(+0.77%)
SENSEX	14397.89	+59.44	(+0.41%)
UOB Sesdaq	218.27	+0.36	(+0.17%)
KLSE Comp	1339.08	-1.90	(-0.14%)
Nikkei 225	17587.59	+106.38	(+0.61%)
Hang Seng	20529.76	+9.10	(+0.04%)
Dow Jones	13507.28	+66.15	(+0.49%)
KOSPI	1657.91	+13.35	(+0.81%)
SSEC	4272.11	+92.33	(+2.21%)

Based on today's recovery, I think market today had shown some signs of buying hypes. People are buying and thinking they are buying on bargain. I believe the market will be mixed with some counters in favour up next. STI will have Gain / Loss band of not more than 10 points tomorrow. SSEC really is persistent in raising its foothold while HSI shows signs of cautions.

Pennies are mostly in the top volumes. Among them all, Armstrong and GKE Int are the most popular even in a downtrend market. Soup Res debuted without a bang; unlike energy and commodities sensitive counters, its not really that speculative. Acma seems attractive at its currently value. Have bought Acma slightly higher at 0.13 which ended at 0.125.

ARC Market Pulse Portfolio

Counter	Qty	Buying Price	Current Price	Cost	Value
GlobalTest	3000	0.25	0.24	776	720
Ban Joo	5000	0.095	0.15	501.5	750

It is really not advisable to cling on to greater China fund but if you must buy and do not want to miss out on its gravity defying movement, you can buy double diversified funds or Asia based equity funds. It the spotlight, Korea, Thailand and Indonesia funds. Maintained buy.

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

(EXTRACT) SOURCE - REUTERS

Emerging debt cautious on China, U.S. Treasuries

By Walter Brandimarte

NEW YORK, May 27 (Reuters) - Emerging sovereign debt investors will likely start the week in a cautious mood, after the U.S. market holiday on Monday, watching the performance of Chinese stocks and the U.S. Treasury bond market.

Investors in riskier emerging market stocks and bonds were unnerved by comments last week by former Federal Reserve Chairman Alan Greenspan who suggested Chinese stocks were overvalued.

In addition, the rise in U.S. Treasury bond yields in the past week has attracted some investment flows out of emerging debt markets.

Overall the emerging debt market ended last week with losses of almost 0.5 percent for the week, according to the benchmark JP Morgan's EMBI+ index .

Yield spreads between emerging debt and U.S. Treasuries, a key gauge of risk aversion, ended at 152 basis points on Friday, only 1 basis point wider for the week, after hitting an all-time low of 149 basis points on Wednesday.

"My expectation for the week is positive because last Thursday's correction created some value in the market," said Ricardo Amorim, head of Latin America Research at WestLB in New York.

Amorim said, however, he is worried that another possible sell-off of Chinese stocks could spill over to other emerging markets, as it did earlier this year in February.

"When that happens, emerging markets may sell off a lot. Until then, they should keep their upward trend."

Analysts also fear that rising returns on U.S. Treasuries may spur a stronger sell-off in emerging markets, especially if yields on the benchmark 10-year notes keep climbing to a range between 4.9 percent and 5.0 percent. On Friday, the 10-year note yield was around 4.86 percent.

U.S. jobs and inflation data due to be reported in the coming week are also expected to make investors cautious.

The U.S. labor market has been strong with unemployment around 4.5 percent -- a six year low -- and inflation has been moderating in recent months, after crude oil and U.S. gasoline prices both reached record levels last year, but the Federal Reserve remains concerned about inflation.

The minutes of the Fed's latest monetary policy meeting, due to reported on Wednesday, will also be closely monitored by investors.

Slight Recovery Expected

Straits Time	3486.63	-43.63	(-1.24%)
BT-SRI	1743.75	-23.59	(-1.33%)
UOB Sesdaq	217.91	+0.53	(+0.24%)
KLSE Comp	1339.08	-1.90	(-0.14%)
Nikkei 225	17481.21	-215.76	(-1.22%)
Hang Seng	20520.66	-278.31	(-1.34%)
Dow Jones	13441.13	-84.52	(-0.62%)
NASDAQ	2537.92	+0.00	(+0.00%)

The decline continue globally. Correction naturally take place. STI fell 1.24% to 3438.68. After such a correction, a recovery will naturally follow suit.

Looking ahead, penny in play. Among those in play, GKE Int, Eagles and Ban Joo should resume uptrend movement as interest accumulated and the increase was not abrupt and unrealistic. Yangzijiang should recover slightly on Monday and resume uptrend as it is discerned that this stock has attracted huge interest partly due to its shipping sector business and seemingly unlimited possibility. China Energy is a tricky one; good news pouring in, move to new heights. But it should correct substantially soon as fuel price seems to have stablised.

Within my long term position, Comfortdelgro remained at $2.180 whilst Sembcrop shed slightly to $5.350. Positive and maintained hold.

ARC Market Pulse Portfolio:-

Counter Qty Buying Price Current Price Cost Value GlobalTest 3000 0.25 0.245 776 735 Ban Joo 5000 0.095 0.125 475 625

As what I thought, Ban Joo should be in play and is still in beginning of accumulation. So I bought 5 lots at $0.095. The balance now is $749 and current value of portfolio is $1,360.00.

In fund's perspective, I am very positive on Korea and Thai equity funds.

Gold price is rather weak at the moment based on the 1 year chart. Resources equity funds or even counters can be considered in the near term.

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

(EXTRACT) Business Times

Published May 25, 2007

Greenspan sends chill across region

ST Index falls 0.8 per cent after the former Fed chief compounds fears of a China stock bubble

By TEH HOOI LING
SENIOR CORRESPONDENT

RETIRED US Federal Reserve chairman Alan Greenspan still packs a punch when it comes to having an impact on financial markets around the world. His comments, to a conference in Madrid via satellite, that China faces a 'dramatic contraction' and that the rally in Chinese shares 'is clearly unsustainable' sent stock prices in Asia tumbling across the board yesterday.

Mr Greenspan joins China's central bank governor Zhou Xiaochuan and Li Ka-shing, Asia's richest man, in expressing concern about a China stock 'bubble'.

The Straits Times Index shed 28.75 points or 0.8 per cent to 3,530.26. It was off its intra-day low of 3,510.19. Meanwhile the benchmark index in Australia was down by 1.2 per cent, Malaysia 1 per cent, Thailand 1.4 per cent, Jakarta 1.2 per cent, and Vietnam 2.5 per cent. Ironically, Shanghai and Shenzhen registered smaller losses of 0.5 and 0.7 per cent respectively, while Hong Kong was down a marginal 0.2 per cent.

One Chinese investor described Mr Greenspan's warnings on the Chinese market as similar to throwing small pieces of ice cube into boiling water - it will do little to cool it.

Leading the STI lower were Keppel Corp, which declined 40 cents or 3.5 per cent to $11.10. Banks like DBS and OCBC were also hefty losers.

'There is a lack of fresh local factors, so people are a bit more sensitive to external factors like any news about the health of the US or the Chinese economy or markets,' AFP quoted Najeeb Jarhom, head of research at Fraser Securities, as saying.

Meanwhile, Hugh Young, managing director at Aberdeen Asset Management Asia, was quoted as saying that 'it's hard to be bullish about anything at the moment because everything has done so well'. China, he warned, 'is another one of these classic hot and speculative markets that will end in tears'.

While dealers generally agreed that the market was overdue for a consolidation given the substantial gains it has made this year - the STI is up more than 16 per cent - they said a sharp correction is unlikely, given Singapore's strong economic fundamentals and continued flows of liquidity onto the market.

Among the notable gainers yesterday was Transpac, which surged 44 cents or 11 per cent to $4.54. Wilmar put on 30 cents or 9 per cent to $3.60, while K-Reit climbed 13 cents or just under 5 per cent to $2.90.

Also among the gainers was Singapore Exchange (SGX), which on Wednesday said that it was revamping its listing rules to transform the second board into one similar to London's Alternative Investment Market. Analysts generally view that positively, with JP Morgan upgrading the stock to 'overweight' from 'neutral'. The US broking firm lifted its target for SGX to $9.20, on the expectation that it could generate more volume as a result of a reduction in bid-ask spreads. Yesterday, SGX ended five cents up at $7.60.

Overall, excluding warrants, losers overwhelmed gainers by 385 to 117. Some 2.35 billion Singapore-dollar shares worth $2.28 billion changed hands.

Morning Update

Straits Time	3530.26	+0.00	(+0.00%)
BT-SRI	1767.34	+0.00	(+0.00%)
UOB Sesdaq	217.38	+0.00	(+0.00%)
KLSE Comp	1340.98	-14.00	(-1.03%)
Nikkei 225	17696.97	+0.00	(+0.00%)
Hang Seng	20798.97	+0.00	(+0.00%)
Dow Jones	13441.13	-84.52	(-0.62%)
NASDAQ	2537.92	-39.13	(-1.52%)

Dow closed pretty badly, extended loss of 84.52 or 0.62%.

Nasdaq lost 1.52% or 39.13. Chips and Tech will be affected.

Nikkei start off in red after a few days of consecutive greens.

Music Stopped. No Chair?

Straits Time	3530.26	-28.75	(-0.81%)
BT-SRI	1767.34	-13.88	(-0.78%)
UOB Sesdaq	217.38	-2.74	(-1.24%)
KLSE Comp	1340.98	-14.00	(-1.03%)
Nikkei 225	17696.97	-8.15	(-0.05%)
Hang Seng	20798.97	-44.95	(-0.22%)
Dow Jones	13494.68	-30.97	(-0.23%)
NASDAQ	2548.28	-28.77	(-1.12%)

Contra players, especially those holding on to Yangzijiang and Biosensor, felt the pain as they cut loss in today onslaught. Counters which rocketed earlier this week were found falling. However, some stocks like Tiong Woon, GKE Int and Ban Joo remain strong and sturdy in this correction. Further correction is expected as this is an overdue effect.

Reputable people around the world starts to warn about the bubble in China which was relatively ignored somewhat. This is going to be ugly, as many of these players are merely joining in this stock market because they heard that its easier to earn in stocks than working. This is a danger sign. Most market crash took place when most people are feeling complacent and euphoric.

Downside continue tomorrow, though, not a major one but a substantial one which could wipe most contra player out and keep them away for months.

Some weakness sensed from current Nasdaq movement, tech stocks will be affected. Usually, when the market turns red, there will be some penny that could rise to the occasion and Ban Joo should be the in interest in the following trading days. Yangzijiang will be expected to recover tomorrow based on its current interest on its gigantic potential, but no real support was able to be discerned largely because its just recently debuted. It could fall to at least $1.59 before recovering depending how bad is Shanghai and HSI tomorrow.

Maintained position on Comfortdelgro and Sembcrop. Comfortdelgro went down a little to $2.180 whilst Sembcorp boosted somehow to $5.40.

ARC Market Pulse Portfolio:-

Counter	Qty	Buying Price	Current Price	Cost	Value
GlobalTest	3000	0.25	0.25	776

Unchanged. Balance at $1,224 standing by for potential bargain.

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

Music Is Going To Stop Soon

Straits Time	3559.01	+19.19	(+0.54%)
BT-SRI	1781.22	+11.01	(+0.62%)
UOB Sesdaq	220.12	+1.23	(+0.56%)
KLSE Comp	1354.98	-12.53	(-0.92%)
Nikkei 225	17705.12	+25.07	(+0.14%)
Hang Seng	20798.97	-44.95	(-0.22%)
Dow Jones	13581.72	+41.77	(+0.31%)
NASDAQ	2595.63	+7.61	(+0.29%)

How high can it go? Well the sentiment becomes very positive these few days despite technical indication that this bull cant hold on. Instead, the bull persisted on with a high note. Most speculative counters back in play. As no one is trying to talk down the market in some of the most active Singapore based stock market forums, this is the time to be exceptionally careful. Like I said before, it defied gravity and technical, will it defy human panic? Once the trading bell strike, if a fall of more than 30 points for STI will mean a free fall correction to at least 80 - 100 points band. Many had came into position by buying top actives like Yangzijiang, Biosensor and Beyonics.

The market is boost by the potential positive effect of Integrated Resort (IR) project that will benefit sector like constructions, service and etc. Defensive stances by China to curb overheat was fairly ignored by investors as they continue to add weight to this very big economic bubble. Dow Jones remain strong while Nasdaq continue to climb indicating that tech stock is rather attractive these days. Well, for technology stocks, I think GlobalTest is the safest among them all due to reasonable PE and high interest.

I like strategy, so I decided to come up with a somewhat monitoring portfolio in this blog. To start off, I set aside $2k for this "ARC Market Pulse Portfolio".

Counter	Qty	Buying Price	Current Price	Cost	Value
GlobalTest	3000	0.25	0.25	776	750

Since I think GlobalTest is the best counter to buy in light of tech stocks rally, I bought 3 lots. Currently left with a balance of $1,224. I guess I need to be patient in the current market sentiment. Mixed buyers on one hand, frantic buyers on the other. We would not want to be left with no chair to sit on when the music stopped, would we? Buying and selling will be updated accordingly in order to be more interesting.

Maintained hold on Sembcorp and Comfortdelgro. Both climbed although Comfortdelgro went up slightly, Sembcorp Ind did pretty well to closed at $5.20. Outlook positive and downside on energy price expected near term.

On the fund's side, I have already offloaded greater China fund at ROI 20%. Switched Aberdeen European Funds to Aberdeen Indonesia Equity Fund because European Funds was rather stagnant for quite awhile at ROI 9-10%. Remain positive and confidence on the potential performance of Lion Capital Thailand and Lion Capital Korea.

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

Hanging Hammer In Sight

Straits Time	3514.49	+2.09	(+0.06%)
BT-SRI	1761.01	+0.61	(+0.03%)
UOB Sesdaq	217.80	-0.09	(-0.04%)
KLSE Comp	1347.17	-9.67	(-0.71%)
Nikkei 225	17556.87	+157.29	(+0.90%)
Hang Seng	20927.75	+22.91	(+0.11%)
Dow Jones	13559.62	+3.09	(+0.02%)
NASDAQ	2578.16	+19.71	(+0.77%)

STI resisted selling and ended mixed with a slight increase of 2.09 to 3514.49. A small little hammer at the top. It seems that it will be hammering down. Most markets were mixed while Nikkei climbed.

In the list of play, resources/energy and Chip stocks in play. Market is also anticipating which construction company will seized the contract to build the IR. CSC halted, seems a hot favourite among its peers. Global Test, Delong (If lifted) together with some of the resource stocks that have rallied could fall tomorrow to a correction phase.

Blue chips, Banks overall down together with some of the deemed overpriced China counter in bid of getting away from a potential explosion caused by China's two markets. Sembcorp climbed to $5. Quite confident that it will continue its way up. Comfortdelgro lagged due to fuel price. Well, everything is a cycle, current resource and energy counters have climb significantly. The trend usually reversed once its exhausted. Currently energy sector is on its way to total exhaustion. Not yet, but soon. Big funds and buyers still keeping the music on. However, overall markets are loosing momentum and is very fragile. Its like an tower built with toothpicks.

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

Top Actives 18 May 2007 Review

Stock Name	Rmks	Open	Last	Chng	%Chng
Digiland	--	0.045	0.04	-0.005	-11.1
UTAC	--	0.94	0.925	-0.05	-5.1
CSC	H	0.315	0.335	0.025	8.1
ChinaEntSp	--	0.015	0.01	-0.005	-33.3
GlobalTest	--	0.235	0.24	0.005	2.1
Yongnam	--	0.35	0.36	0.01	2.9
STATSChP	--	1.76	1.75	-0.02	-1.1
Frontline	--	0.175	0.18	0.01	5.9
LottVis	--	0.58	0.605	0.03	5.2
ChinaEnergy	--	1.44	1.53	0.1	7
Sihuan	--	0.67	0.745	0.075	11.2
Digiland W080116	--	0.03	0.03	0	0
CoscoCorp	--	2.68	2.77	0.09	3.4
ChipEngS	--	0.51	0.575	0.065	12.7
TiongWoon	--	0.635	0.675	0.045	7.1
FHTK	--	0.015	0.02	0.005	33.3
ChinaPDye	CD	0.255	0.28	0.035	14.3
HLG	--	0.435	0.43	0	0
ThaiVillag	--	0.195	0.195	0.005	2.6
Yangzijiang	--	1.63	1.65	0.01	0.6
Abterra	--	0.065	0.065	0	0
Acma	--	0.135	0.125	-0.01	-7.4
TT Int	--	0.315	0.335	0.02	6.3
Gen Int	--	0.95	0.945	0.005	0.5
CapitalanMBLeCW70903	--	0.14	0.14	0	0
HSI20800SGAePW70628	--	0.445	0.43	0.01	2.4
Chartered	--	1.33	1.34	0.02	1.5
Biosensors	--	0.825	0.845	0.025	3
THBEV	--	0.27	0.275	0.005	1.9
Federal	--	0.545	0.57	0.03	5.6

Well, in order to better equipped ourselves with the ability to sieve out potential stocks, we need to analysis the top actives apart from Fundamental Analysis. Judging from the above UTAC is taking a slight healthy correction while the rest of the engery and resource stocks rallied. Global Test, UTAC's little brother because both are in the testing industries. Global Test is looking attractive but long term holders bear in mind that Chip and Tech counters seldom gives dividend payout. HLG and ACMA are usually in the top actives. Lottvis, the most hopeful looking lottery stock are always in play, but next week it will definately be shorted down because its based in China. Resource stock that based in Singapore are still in a beliveable and realistic value.

Thaivillage was an once in awhile counter that appears in the top actives. Yangzajiang has rocketed so much since IPO. New stock even with unlimited opportunities and prospects will eventually stablised at their realistic PE. Federal looks attractive at its current price of 0.57.

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

Gentleman, Hold On, For Its Going To Be A Roller Coaster Ride

Straits Time	3512.40	-13.11	(-0.37%)
BT-SRI	1760.40	-7.24	(-0.41%)
UOB Sesdaq	217.89	+0.50	(+0.23%)
KLSE Comp	1356.84	-2.53	(-0.19%)
Nikkei 225	17399.58	-99.02	(-0.57%)
Hang Seng	20904.84	-89.77	(-0.43%)
Dow Jones	13526.79	+50.07	(+0.37%)
NASDAQ	2545.41	+6.03	(+0.24%)

While on my way back, I heard from the radio that Li Ka Shing mentioned that he is worried about China's stocks - Shanghai Composite and HSI riding to uncharted zones and climbing to extremely high PE. On the other side of the action, China's central bank said on Friday that it would raise both interest rates and banks' required reserves.

I am 101% certain that Monday is going to be a blood bath. A market downturn ahead which was long overdue. The market went up on Wednesday and Thursday defying gravity. This late reaction is going to harm many people on Monday, first will be the Uncles and aunties whom tried to ride the market uptrend wave, second will be the contra players and third will be speculators.

Long term wise, I believe who ever has cash will benefit fully because bargain will be throw on the table. After a series of downturns, positive market outlook for the year is nevertheless intact. Maintained Sembcorp and Comfortdelgro. Hold on to defensive high dividend yield play for the time being.

In mutual fund's point of view, I believe I am going to let go First State China at ROI 17%. The rest will depend on how much the market shed on Monday. I believe the money may well moved to Thailand and Korea Funds which are trading at a more realistic and emerging PE.

As of current time, DJ up around 50. Even a rally in Wall Street is not going save or rather mitigate this coming heavy correction.

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

An Expected Correction; Or A Warning Shot?

Straits Time	3475.08	-26.02	(-0.74%)
BT-SRI	1754.40	-14.08	(-0.80%)
UOB Sesdaq	213.16	-2.74	(-1.27%)
KLSE Comp	1346.10	-13.49	(-0.99%)
Nikkei 225	17512.98	-164.96	(-0.93%)
Hang Seng	20868.15	-111.09	(-0.53%)

STI has corrected slightly more than half from Monday's rally to its current 3475.08 which signify that bull is still running. Well, personally I do not think so. Because technically speaking the buy up was an euphoric one, that is following China's overheating engine. It is alarming that the more 500 point HSI was a remarkable one. Now the trap and the stage has set. Next few day will be selling which will trigger off cutting loss by contra hands. Beware.

Asia basically follows Greater China now. From its 'Greater' we can inevitably sense that this sleeping dragon which was awaken quite some time back has been working really hard to make an impression to the world of economy. Subsequent market behaviour could determine the market movement for the rest of the month. Currently, first half of the month seems relatively positive. If a fall of more than what was corrected today will mean Thursday will not be spared followed by a slight consoling recovery on coming Friday.

My long term stock, Comfortdelgro is beaten rather badly but I am not worried from this XD trashing because after all this counter is the second biggest transport company in the world, how far wrong can it go. Maintained hold. Sembcorp remain strong despite a slight drizzle, unchanged a $5.

In funds, Korea and Thailand funds are ascending. Take extra note if you would or else you are going to miss big time. Because this two emerging funds are going to rally to a price that you would feel too expensive. Election coming for Thailand, a milestone for economical stability in the eyes of Investors or even speculators.

Be sure to apply your GST offset package payment from the government. Just applied mine through ATM just now. I hope to formulate more intersting strategy in my postings next month.

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

Red in Asia But Green On Wall's Street

Straits Time	3446.92	-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.