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SGX
Mar 6, 2014 11:20:34 GMT 7
oldman likes this
Post by zuolun on Mar 6, 2014 11:20:34 GMT 7
zuolun , the BAL counters have lost both price and volume support which is in line with your thoughts above. Like they say, never bite the hands that feed you. oldman, My initial thought since early 2013 based on the STI chart pattern, price action and trading volume analysis was that, big foreign funds were totally absent, active participants on the SG stock market were mainly the house, the local big players (brokering firms) and the retail players. I also factored the US$/S$ exchange rate appreciation by 20% based on a timeframe of 5 years (2008 to 2012) then. However, when I moved the timeframe further back, the US$/S$ had actually appreciated 40% over the past decade! My thought now is that, I'm bearish on the STI to date as the flow of foreign funds now is still output > input, i.e. long-term and mid-term foreign funds who vested much earlier are selling and taking partial profits in batches consistently with little or no follow-thru buying; the SG stock market will remain lethargic until stock prices hit very attractive levels. How did Singapore become the world's most expensive city? — 4 Mar 2014 USD Vs SGD — 5-year Chart: 1 Jan 2008 to 28 Oct 2012Global Stock Market Indices PE Ratio At a Glance by Marubozu — 5 Mar 2014
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SGX
Mar 21, 2014 18:34:47 GMT 7
oldman likes this
Post by zuolun on Mar 21, 2014 18:34:47 GMT 7
zuolun , the BAL counters have lost both price and volume support which is in line with your thoughts above. Like they say, never bite the hands that feed you. oldman, The overall trading volumes have improved past 2 weeks but SGX's ichimoku chart suggests move downside than upside. SGX — Bearish rectangle breakout; TP S$5.90 (Duration min. 3 qtrs)
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Post by zuolun on Mar 22, 2014 13:42:12 GMT 7
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SGX
Mar 22, 2014 16:03:14 GMT 7
oldman likes this
Post by me200 on Mar 22, 2014 16:03:14 GMT 7
In the video, there are 4 people. 3 are Caucasian and 1 local. Why do we need FT to promote SGX?
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Post by candy188 on Mar 22, 2014 17:59:32 GMT 7
Singapore is a Cosmopolitan city .... need Caucasians to lift up the image of SGX? Our leader who draws high income from local taxpayers feel that we cannot be too petty. Singaporeans should treat Foreigners the Same Way that they want to be treated when travelling overseas,
said Defence Minister Ng Eng Hen In the video, there are 4 people. 3 are Caucasian
and 1 local.
Why do we need FT to promote SGX?
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Post by zuolun on Mar 22, 2014 21:28:23 GMT 7
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Post by candy188 on Mar 22, 2014 23:37:39 GMT 7
In the video, there are 4 people. 3 are Caucasian and 1 local. Why do we need FT to promote SGX?
Not surprising, FTs have been playing lead roles in major industries in Singapore, not only in SGX. Singapore Multi-Millionaire Adam Khoo: The Expats Will Rule Singapore — 16 Dec 2009 What happen when you give one monkey cucumbers but grapes for another monkey Paying Million dollars leaders to encourage competition by allowing lower cost foreigners to snatch the pie from Singaporeans? Pioneer Generation package is kidding the naive. Quoted Adam Khoo's article: Expats who come here today have the same tremendous HUNGER for success that our grandfathers had. They are willing to sacrifice, work hard and pay the price to succeed. Speech by PRIME MINISTER LEE HSIEN LOONG at MAY DAY RALLY 2013 (ENGLISH)
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SGX
Apr 11, 2014 18:50:52 GMT 7
oldman likes this
Post by zuolun on Apr 11, 2014 18:50:52 GMT 7
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SGX
Apr 21, 2014 6:29:35 GMT 7
Post by zuolun on Apr 21, 2014 6:29:35 GMT 7
ICE in Asia: Jeff Sprecher in his own words — 16 Apr 2014 SGX, Taiwan mull cross-trading of shares19 Apr 2014 THE Singapore and Taiwan stock exchanges are in talks on potential cross-trading of selected shares listed on both bourses, the Taiwan bourse’s chair revealed yesterday. For a start, each side may shortlist a pool of high-quality stocks for the cross-trading. “Currently, investors can already trade shares on the other bourse by routing their orders in a round-about way through two different brokerages on both sides,” said Taiwan Stock Exchange (TWSE) chair Lee Sush-Der. “But if there is one single window to trade each others’ shares, one layer of brokerage fees is removed and the overall costs will be lower.” Lee, who was also Taiwan’s finance minister from 2008 to 2012, led a delegation to Singapore this week to promote Taiwan’s capital market to brokerages, funds, insurance firms and South-east Asian companies. It was at his meeting with Singapore Exchange (SGX) chief executive Magnus Bocker on Wednesday when the idea of a cross-border trading connectivity between Singapore and Taiwan was mooted. SGX and TWSE have formed a working group to discuss the specific mechanisms, such as trading, clearing and settlement systems, computer systems and marketing. When approached by The Business Times, SGX said it will continue to strengthen its partnership with its counterparts in Taiwan “and be open to any opportunity and collaboration that may benefit our shareholders, customers and the Singapore marketplace”. SGX has a similar tie-up with the London Stock Exchange that allows SGX members to trade FTSE 100 securities on the Singapore bourse’s GlobalQuote Board, and LSE members to trade 36 securities of Singapore’s leading indices on the London exchange’s newly created International Board. In its efforts to internationalise faster, TWSE is also wooing Singapore companies to list in Taiwan by way of direct listings or secondary listings via Taiwan Depositary Receipts (TDRs). A few Singapore companies are in the pre-IPO consultation stage with TWSE, Lee said. “But encouraging foreign listings is a continual process, while cross-trading of shares is something that can be done in the short run,” he added. “Hopefully, by the end of the year, we would have come up with a viable system.” TWSE started to internationalise since 2008 with the TDR regime but its efforts have met with limited success. As of last year, less than 7.4 per cent of all issuers on TWSE were foreign companies. Of about 27 TDR listings by foreign companies, eight are from Singapore companies. Growth in foreign participation has also slowed in recent years. The market value on TWSE held by foreign investors was 16.3 per cent of the overall market in 2000. It rose significantly to 34 per cent in 2006 but has hovered around that level since. The trading value of foreign investors accounted for 24.6 per cent of the total market last year. Lee conceded that a smaller institutional investor base is a bugbear for TWSE, as retail investors still account for 60 per cent of its securities turnover. Taiwan’s Asian Pay Television Trust listed in Singapore last year as a business trust, while private equity fund MBK Partners was said to be considering a business trust listing for China Network Systems, Taiwan’s largest cable television operator, here. There is no framework in Taiwan yet for business trusts listings; there are less than eight real estate investment trusts (Reits) listed in Taiwan. Meanwhile, restrictions on direct listings for mainland Chinese companies are still in place. Mainland companies can only undertake secondary listings in Taiwan via TDRs and use the proceeds for operations in mainland China. More deregulation is in TWSE’s favour, but political dynamics and the timing of deregulation still depend on Taiwanese regulators, Lee said. Shanghai and Hong Kong stock exchanges are planning a direct link that will allow investors in Hong Kong and Shanghai to cross-trade shares. When implemented, Hong Kong investors can buy and sell shares on Shanghai Stock Exchange for the first time outside of China’s qualifying schemes.
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SGX
Jun 23, 2014 8:33:21 GMT 7
Post by zuolun on Jun 23, 2014 8:33:21 GMT 7
zuolun , the BAL counters have lost both price and volume support which is in line with your thoughts above. Like they say, never bite the hands that feed you. oldman, This one "hit the nail on the head"... "one of the biggest one would be the small cap fiasco which started in October 2013 and it sort of carried over to a good part of this year."SGX trading activity down since World Cup — 20 Jun 2014
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SGX
Jun 23, 2014 8:41:55 GMT 7
Post by oldman on Jun 23, 2014 8:41:55 GMT 7
Zuolun, I think otherwise. There has been a lot of churning of penny stocks in the past few weeks prior to the World Cup. It appears that the BAL issue has been put behind us and the party continues. Just that there is time out for the World Cup. Will not be surprised that the penny run will continue after the World Cup and we will make merry once again. As for the BAL stocks, it is certainly difficult to read whether they will continue going up as the only ones who know are the CKs and I don't fancy the chances of those who are not on their side of the fence. Yes, I missed the BAL run but I rather remain sidelined for the timebeing. zuolun , the BAL counters have lost both price and volume support which is in line with your thoughts above. Like they say, never bite the hands that feed you. SGX trading activity down since World Cup — 20 Jun 2014 "one of the biggest one would be the small cap fiasco which started in October 2013 and it sort of carried over to a good part of this year."
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SGX
Jun 23, 2014 8:59:50 GMT 7
oldman likes this
Post by zuolun on Jun 23, 2014 8:59:50 GMT 7
oldman, I believe the churning of selective penny stocks past few weeks is an early signal of an imminent steep correction on the SG stock market. Zuolun, I think otherwise. There has been a lot of churning of penny stocks in the past few weeks prior to the World Cup. It appears that the BAL issue has been put behind us and the party continues. Just that there is time out for the World Cup. Will not be surprised that the penny run will continue after the World Cup and we will make merry once again. As for the BAL stocks, it is certainly difficult to read whether they will continue going up as the only ones who know are the CKs and I don't fancy the chances of those who are not on their side of the fence.
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SGX
Jun 23, 2014 9:02:14 GMT 7
Post by oldman on Jun 23, 2014 9:02:14 GMT 7
I think the churning will last longer than we expect. But, I do agree that the penny stock adrenaline rush is one of the markers of the tail end of a bull market. Let's enjoy it while it last. oldman, I believe the churning of selective penny stocks past few weeks is an esrly signal of an imminent steep correction on the SG stock market. Zuolun, I think otherwise. There has been a lot of churning of penny stocks in the past few weeks prior to the World Cup. It appears that the BAL issue has been put behind us and the party continues. Just that there is time out for the World Cup. Will not be surprised that the penny run will continue after the World Cup and we will make merry once again. As for the BAL stocks, it is certainly difficult to read whether they will continue going up as the only ones who know are the CKs and I don't fancy the chances of those who are not on their side of the fence.
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SGX
Jun 23, 2014 9:14:28 GMT 7
oldman likes this
Post by zuolun on Jun 23, 2014 9:14:28 GMT 7
oldman, I believe the churning of selective penny stocks past few weeks is an early signal of an imminent steep correction on the SG stock market. I think the churning will last longer than we expect. But, I do agree that the penny stock adrenaline rush is one of the markers of the tail end of a bull market. Let's enjoy it while it last. oldman, The Fear and Greed Index was at 95 or Extreme Greed on 20 Jun 2014. This is it!
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SGX
Jun 23, 2014 9:19:05 GMT 7
zuolun likes this
Post by oldman on Jun 23, 2014 9:19:05 GMT 7
Zuolun, don't get me wrong. While partying, I am not shy to take profits along the way. oldman, The Fear and Greed Index was at 95 or Extreme Greed on 20 Jun 2014. This is it!
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