| 12/06/2004 06?:15 am 12/06/2004 6:30 am With the China Oil crisis slowly taking a backseat as the year comes to an end, the focus could be on stocks with growth in an environment of high oil prices and an relatively stable interest rates. Oil prices fell below $45 per barrel and this is a positive signal for the stock markets around the world. Suntec Reit and Yellow pages Reit will be traded this week and both received strong support. Pricing for both are at the top end of the range and it shows that given current market situation, interest is in stable stocks with gives good yield. 12/02/2004 6:30 am The Dow and Nasdaq chalked up impressive gains. Buying ahead of the end of the year may signal funds are gearing up for a bullish 2005. Economic news in the US were generally favorable and with oil prices plunging more than $3 per barrel, more gains for the US markets is possible. Over here, index linked stocks may benefit as focus may shift away from China stocks in the face of the China AvOil heavy losses. Banks may see some gains as US economists are expecting a rate hike possibly in December. The next IPOs will be Suntec Reit and Yellow pages. 11/30/04 With the Dow ending down and Nasdaq up on Apple's surge, the focus may be on situational stock in particular recent listing. Junma and Comat may benefit from reports of stocks purchase by Gay of 2G when it was reported that he bought into Junma last week and also into Midas (seen as similar type of sector as Comat) and also into Raffles Lasalle. Banks are holding well, in particular, DBS. Cosco seems to ignore China AvOil problems as it surges ahead and this may spill into quality China stocks as market players accept that Chian Oil problems may be an isolated case. The next listing will be China Fashion offered at $0.23 and then Sembawang Music offered at $0.20. Both are small issues and expected to be well taken up in view of improvements in IPO sentiments as evident in Junma, Youcan, Comat, Oriental Food. 11/26/06 6:00 am Junma shot up at the opening at $0.38 and hit an intra-day high of $0.48 before closing at $0.45. Tyre cord which is the core business of Junma is seen as a high growth area as China car sales is booming with the increase in personal income. The other strong move was seen in COMAT which hit a high of $0.275. The company makes aluminum panels which are used as wall cascades or curtains and with the expected building and infrastruture boom in China expected to continue through the 2008 Olympics, the company expects good growth ahead. The next listing from China is China Fashion which is offered at $0.23 and Metro holdings is reported to have taken a stake in it. The next local listing is Sembawang Music and it is offfered at $0.20. With the US stock market closed for thanksgiving holiday, the focus may be on recent listings and China AvOil. 11/25/04 6:00 am Junma, the latest IPO to list could see a burst at the opening in view of the take-up by well regarded investor 2G Capital. The offer is at $0.31 and S&P have placed a value of $0.62 on the stock. Other recent listings may benefit from the expected surge in Junma. Oriental Food and Youcan both could see some interest as major shareholders of Youcan bought shares in the open market to increase their stakes. Comat which is in the same sector as Midas-construction and aluminum panels- may see interest as it gets above the IPO price of $0.24. Earnings at approximately $8.08 mln After tax for 2003 compares favorably with Junma which earned S$12.7 mln for 2003. Advance SCT performed well too as it closed 2 cents above the IPO price of $0.24. This is a small issue and lack of major sellers could see support at offer price. 11/23/2004 6:15 am The APEC meeting between Singapore and China leaders may bode well for China linked stocks. Recent IPOs which went below water may receive a boost as long term prospects for most China stocks are bullish despite recent misgivings on China AvOil and New Lakeside. Youcan may see test above 0.25. Sinobest seen lows in recent days and current offer huge discount to IPO price of 0.52. GK Goh fulfilled overallotment quota on Southern Packaging and initial weakness possible but support seen at 0.19 where bounce sharply may follow as fundamentals for packaging stocks are bright. COMAT will be listed tomorrow and medium term outlook is bullish for the construction and infrastructure sector. With the boom in building expected for the 2008 BeiJing Olympics, COMAT may see steady orders coming for the next few years. Previous commentaries DISCLAIMER This is a free site and all views expressed here are not an inducement to trade or invest. The reader should be aware that investment and share trading have inherent risks and the author shall not be responsible for gains or losses incurred whatsoever. |
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