Singapore Market In June 2012

The market has been behaving somewhat cynically for the past months. Beginning of this year 2012, there was a relentless rally. Many people had this notion that they are different and very accurate in choosing which stocks to invest in. This is especially so for the day-trader, the contra trader. The problem is that, you close your eyes and pick any stocks in the top volume, you would probably make a lot of money. 

However, in Mar 12, the same investor would probably lost all his or her profit from the earlier rally, chances are, the losses are usually more than what the had made. In Singapore Stock Market, you would probably notice or see multi-bagger like IEV, Yoma, Sin Heng and UPP. These are the stocks that could made you rich, for awhile that is. 

If you are a careful person who can read trend, you will beginning to understand that STI does not really follows the closing of DJIA (Dow Jones Industrial Average). Instead, it follows more on Dow Jones's Futures and 11 am, the HSI (Hong Kong - Hang Sheng Index). 

STX OSV is being seen as a take-over target. But this news was never officially made. Just lingering rumor that sparks the interest for day-trader. This is a very good money-making day trade stock if you are able to time it well.

STX OSV on 13 Jun 12 seen its high at 1.475 but ended at 1.45 due to the declined in the Futures of DJIA.

I personally feel that STX OSV has bounced from its double bottom (Head and Shoulder) with reference to the previous low of 1.3 region. It is vastly oversold. The selling at the end suggest that there are a large number of uncovered shorts in this stocks. If DJI do not fall or rise too much, end mixed, STX OSV should probably touch 1.5 region by 14 Jun 12. 

The above are personal opinion and this is never an inducement to trade. 

[News] Australia to reject Singapore Exchange's $7.8 billion ASX bid

By Michael Smith and Saeed Azhar Michael Smith And Saeed Azhar – Tue Apr 5, 7:54 am ET

SYDNEY/SINGAPORE (Reuters) – Australia intends to reject Singapore Exchange Ltd's (SGXL.SI) proposed $7.8 billion bid for Australia's ASX Ltd (ASX.AX) on national interest grounds, underscoring the political challenges facing other cross-border exchange deals.

The two exchange operators wanted to team up to cut costs, fight growing pressure from alternative trading platforms and avoid being left behind as rivals in North America and Europe get together.

But Australian Treasurer Wayne Swan, facing growing political opposition to the deal, said on Tuesday he intended to reject the bid after getting advice from the country's Foreign Investment Review Board.

"FIRB informed SGX that I had serious concerns about the proposal and that, subject to further consideration, I intended to accept the unanimous FIRB advice that the takeover would not be in the national interest," Swan said.

A final decision had not been made, he added, but share moves showed the market doubted the deal could be saved. ASX shares closed down 3.3 percent, while SGX shares rose more than 6 percent before closing 4.5 percent higher.

If the deal does fail, it will be the latest in a number of cross-border transactions to fall foul of politicians, including BHP Billiton's (BLT.L) (BHP.AX) $39 billion bid for Canada's Potash Corp (POT.TO) last year.

It could also bode ill for other major exchange deals awaiting approval from regulators and politicians.

Last week, Nasdaq OMX (NDAQ.O) and IntercontinentalExchange (ICE.N) bid $11.3 billion for NYSE Euronext (NYX.N) in an effort to trump Deutsche Boerse's (DB1Gn.DE) deal, and pushed their case with an appeal to U.S. patriotism.

>>Read full report

[NEWS] COSCO, Shipping Power On the Move

Straits Times Index (STI) counter, Cosco Corp used to be a market darling and prices rocketed to a very high level and was seen around the $6 region before dropping to as low as the region of 60 cents. Recently, a massive buying up and accumulation was seen in the movement of this counter. Since March 09, it has more than doubled to the current price of $1.30.

This shipping counter in my personal opinion, will be a marking darling again and may revisit $2 ending 2009 before going further. Below is the progress of Cosco's FPSO project.
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"Sun Rise", to be a Model for the FPSO Industry

Date:2009-7-31

"Sun Rise", a 20-year old VLCC, is undergoing conversion to an FPSO in COSCO Dalian Shipyard. The work scope for the conversion project involves the installation and/or renewal of 8,000 tonnes of steel structure, 350,000m of cables, of 800 tonnes of piping systems, the completion of 120,000m2 coating and the installation and commissioning of the topside modules. It is scheduled to be delivered in May 2010. After conversion, the completed FPSO will be stationed offshore Brazil.

It was our pleasure to interview Mr. Andy Lau Fook Weng, the MODEC construction manager for "Sun Rise". MODEC is an old friend and core client of COSCO Dalian Shipyard. Since "Sun Rise" entered COSCO Dalian Shipyard in March, the top management of COSCO Dalian Shipyard have paid close attention to the project and demanded that the highest construction standards be applied to the project. This is a large, time-constrained project which demands high standards in installation, welding and engineering. To ensure this work is handled efficiently, the project management team comprises experts from the construction department, the quality control department and the technical department. All the shipyard's hard work has deeply impressed Mr. Andy and satisfied the ship owner, and further affirmed the trust of MODEC as a key client.

Mr. Andy said that mistakes cannot be made on this conversion project. As a consequence, compared with other conversion projects, the construction control of "Sun Rise" is very strict, more precisely contolled, scientific and perfect. Both parties are confident that their commitment will ensure ¡°Sun Rise¡± is a model for the VLCC to FPSO conversion industry.

"It is my second time to be here in COSCO Dalian Shipyard in charge of a conversion project¡¯", Mr. Andy happily mentioned, "In the past two years, I have truly experienced the day-to-day development of COSCO Dalian Shipyard. Friendly and considerate shipyard staff are the friend of every customer. I Just feel at home", Mr. Andy said.

On the basis of his former experience with an FPSO conversion, Mr. Andy is full of confidence that COSCO Dalian Shipyard will complete the "Sun Rise" project to the high standards they have been set and reach outstanding achievement by continuous innovation and hard work.