Singapore stock market update

UOB top picks for 2009 :
Ascendas Reit
Ascott Residence Trust
Capitaland
Capitalmall trust
City development
ComfortDelgro
Frasers Centrepoint Trust
OCBC
SIA Engineering
SPH
Singtel

Singapore share market update - 15oct08

Listed Companies Results Release Date as announced on SGX MASNET

Date of Release Company Remarks

16-Oct Nera Telecommunications 3Q; After 5pm
17-Oct Ascendas REIT 2Q; After 5pm
17-Oct MobileOne 3Q; After 5pm
20-Oct Qian Hu Corp 3Q; After 5pm
21-Oct Aztech Systems 3Q; After 5pm
21-Oct CapitaMall Trust 3Q; Before 7.30am
21-Oct First Ship Lease Trust 3Q
21-Oct United International Securities 3Q
22-Oct Ascott Residence Trust 3Q; Before 7.30am
22-Oct Mapletree Logistics Trust 3Q; Before 8.30am
22-Oct Osim Int'l 3Q
23-Oct CapitaCommercial Trust 3Q
23-Oct Mercator Lines 1H; Before 7.30am
23-Oct Pharmesis Int'l 3Q
24-Oct Miyoshi Precision 3Q
28-Oct United Overseas Insurance 3Q
29-Oct CapitaRetail China Trust 3Q; Before 7.30am
29-Oct CDL Hospitality Trust 3Q
29-Oct NOL 3Q; Tentative
30-Oct Cambridge Industrial Trust 3Q
31-Oct Capitaland 3Q
31-Oct Rickmers Maritime 3Q
31-Oct UOB 3Q
3-Nov HTL Int'l Hldgs 3Q
4-Nov IFS Capital 3Q; After 5pm
4-Nov ST Engg 3Q; After 5pm
5-Nov Hi-P Int'l 3Q; Before 7.30am
5-Nov Starhub 3Q; After 5pm
10-Nov Memtech Int'l 3Q
11-Nov CitySpring Infrastructure 3Q
11-Nov Lee Kim Tah 3Q; After 5pm
12-Nov MFS Technology 3Q
13-Nov Ho Bee Investment 3Q
13-Nov WBL Corporation 3Q
14-Nov Armstrong Industrial Corp 3Q
By 14-Nov QAF 3Q; Profit Warning
By 14-Nov Sino Tech Fibre 3Q
By 14-Nov United Food Hldgs 3Q; Profit Warning

SINGAPORE STOCK MARKET NEWS :
Upcoming Results Reporting Period as announced on SGX MASNET

Date of Release Company

15-Oct MAP Technology Hldgs 3Q; After 5pm
17-Oct Ascendas REIT 2Q; After 5pm
17-Oct MobileOne 3Q; After 5pm
20-Oct Qian Hu Corp 3Q; After 5pm
21-Oct Aztech Systems 3Q; After 5pm
21-Oct CapitaMall Trust 3Q; Before 7.30am
22-Oct Ascott Residence Trust 3Q; Before 7.30am
22-Oct Mapletree Logistics Trust 3Q; Before 8.30am
22-Oct Osim Int'l 3Q
23-Oct CapitaCommercial Trust 3Q
29-Oct NOL 3Q; Tentative
30-Oct Cambridge Industrial Trust 3Q
5-Nov Starhub 3Q; After 5pm
11-Nov CitySpring Infrastructure 3Q
14-Nov Armstrong Industrial Corp 3Q
By 14-Nov QAF 3Q; Profit Warning
By 14-Nov United Food Hldgs 3Q; Profit Warning

SINGAPORE SHARE MARKET NEWS : Straits Asia Resources
OCBC Investment Research, Oct 8

STILL a 'buy' despite bear-case assumptions: Shares of Straits Asia Resources (SAR) have plunged by 49 per cent over the past two weeks, starkly underperforming the Straits Times Index's (STI) 14 per cent fall.
We spoke to management and gathered that other than the recent cancellation of its restructuring plans, the fundamentals have not changed.

A substantial portion of SAR's shareholding spread comprises US funds, several of which have been trimming their positions. We suspect that this could have triggered the price fall, and weakness could persist if global funds continue to face high redemptions.

Restructure cancellation renders SAR a pure Indonesian coal play: SAR recently called off restructuring plans, citing volatile market conditions and lack of shareholders' support. To recap, the restructuring would have involved SAR acquiring coal interests in Madagascar and Brunei for US$100.3 million and taking up a secondary listing in Australia.

We were positive on the acquisition as it would have transformed SAR, which currently derives all its coal from Indonesia, into a global player with geographically diversified coal assets and larger reserves. The cancellation of the acquisition has eliminated what we view as a key catalyst for SAR's growth. Nevertheless, management remains positive on its organic growth and reiterates that it is on track to raise production levels at its Indonesian mines.

Pressure off its balance sheet: On the bright side, the restructure cancellation takes some pressure off SAR's balance sheet. We were expecting the US$100.3 million acquisition cost to be funded by debt, which would have been challenging in light of today's tight credit market and could have strained the company's gearing levels.

With the restructuring exercise out of its way, SAR can now focus on refinancing its US$230 million bridge facility (for the acquisition of
Jembayan) that matures in December 2008.

We understand that SAR is close to securing a US$300 million loan. Finance costs, however, are expected to rise in line with London Interbank Offered Rate (Libor) and widening spreads.

Changing our assumptions to factor in bear-case scenario: We have lowered our earnings and fair value estimates to reflect the following bear-case
assumptions:
lower production from FY2009, assuming that SAR fails to obtain
relevant permits to extend its Sebuku Mine boundary;
lower ASP on softening global demand for energy and commodities; and
higher borrowing costs.

In addition, we change our valuation methodology to the free cash flow to the firm model, bringing our fair value estimate to S$2.25 (from S$4.66).
Nevertheless, we maintain our 'buy' rating on SAR.

Singapore share market IPO - China Kunda Technology

OCBC short note :
Summary: China Kunda Technology Holdings Ltd. (China Kunda) is a provider of precision moulds, plastic injection parts, and IMD products. Based in Shenzhen city, Guangdong province, PRC, its plastic engineering solutions include design, R&D of plastic injection and IMD technologies. China Kunda will be publicly listed on SGX-ST on 9 October 2008. At an IPO price of S$0.215, China Kunda will raise about S$11.64m in net proceeds from the issue of the 67.2m new shares. The proceeds will be used to acquire Shenzhen Precision and corresponding investments in plant, machineries and production facilities, enhancement of R&D capabilities, expansion of sales and marketing network, and for general working capital. We do not have a rating on the stock.

comments :
FY07 profit only HK45.1m a rather small size company to float during turbulent times for the singapore stock market.....plus tech related sector is not too sexy at the moment......i will give it a Five Z rating (z = sleepy level)

Singapore share market update

listed companies results release date - updated on 4aug

Date of Release Company Remarks
5-Aug Celestial NutriFoods 1H FY08
5-Aug China Hongxing 1H FY08
5-Aug Hi-P 1H FY08; Before 9am
5-Aug Hyflux Water Trust 1H FY08; After 5pm
5-Aug Li Heng Chemical Fibre 1H FY08
5-Aug Mermaid Maritime 1H FY08
5-Aug Tuan Sing Hldgs 1H FY08; After 5pm
6-Aug SembCorp Industries 1H FY08; After 5pm
6-Aug Synear Food Hldgs 1H FY08; After 5pm
7-Aug Broadway Industrial Grp 1H FY08; After 5pm
7-Aug Centraland 1H FY08; After 5pm
7-Aug China Sun Bio-Chem Technology Grp 1H FY08; Profit Warning
7-Aug Electrotech Investments 1H FY08; After 5pm
7-Aug LMA Int'l 1H FY08
7-Aug Midas Hldgs 1H FY08; After 5pm
7-Aug NOL 1H FY08
8-Aug Hiap Hoe 1H FY08
8-Aug Hotel Royal 1H FY08; After 5pm
8-Aug NippeCraft 1H FY08
8-Aug SuperBowl Hldgs 1H FY08
11-Aug Eastern Asia Technology (Eastech) 1H FY08
11-Aug Fabchem China 1H FY08; After 5pm
11-Aug Ho Bee 1H FY08
11-Aug Lee Kim Tah 1H FY08; After 5pm
11-Aug MegaChem 1H FY08
11-Aug Pine Agritech 1H FY08
11-Aug Sino-Environment Tech Grp 1H FY08; After 5pm
12-Aug Armstrong Industrial Corp 1H FY08
12-Aug China Lifestyle Food and Beverages Grp 1H FY08; After 5pm
12-Aug China Taisan Tech Grp 1H FY08; After 5pm
12-Aug Chip Eng Seng 1H FY08
12-Aug Golden Agri-Resources 1H FY08; After 12.30pm
12-Aug Hong Leong Asia 1H FY08
12-Aug Hotel Plaza 1H FY08
12-Aug IFS Capital 1H FY08; After 5pm
12-Aug Macarthurcook Industrial REIT 1Q FY08
12-Aug SingTel 1Q FY08; Before 9am
12-Aug ST Engg 1H FY08; After 5pm
12-Aug Straits Trading 1H FY08
12-Aug UOL Group 1H FY08
13-Aug Advanced Holdings 1H FY08; After 12.30pm
13-Aug Breadtalk Group 1H FY08; After 5pm
13-Aug ComfortDelgro Corporation 1H FY08; After 5pm
13-Aug Datacraft Asia 1H FY08; Before 9am
13-Aug Ellipsiz FY08; Profit Warning
13-Aug Foreland Fabritech 1H FY08
13-Aug Petra Foods 1H FY08; Before 9am
13-Aug Swiber Hldgs 1H FY08; After 5pm
13-Aug United Overseas Insurance 1H FY08
14-Aug China Sports Int'l 1H FY08
14-Aug City Developments 1H FY08
14-Aug CSE Global 1H FY08
14-Aug FerroChina 1H FY08; After 5pm
14-Aug HTL Int'l 1H FY08
14-Aug IndoFood Agri 1H FY08; After 5pm
14-Aug Nera Telecommunications 1H FY08; After 5pm
14-Aug Wilmar Int'l 1H FY08; After 5pm
18-Aug Chosen Hldgs 1H FY08; After 5pm
18-Aug Jaya Hldgs 1H FY08
20-Aug ASL Marine 1H FY08; After 5pm
13-Sep China Flexible Pack 3Q FY08
29-Oct NOL Tentative

Singapore stock market news & update

Singpoare listed companies results release date - updated as at 31july08

4-Aug ARA Asset Management 1H FY08; After 5pm
4-Aug Cosco Corporation 1H FY08; After 5pm
4-Aug Memtech Int'l 1H FY08; After 5pm
5-Aug Celestial NutriFoods 1H FY08
5-Aug China Hongxing 1H FY08
5-Aug Hi-P 1H FY08; Before 9am
5-Aug Hyflux Water Trust 1H FY08; After 5pm
5-Aug Mermaid Maritime 1H FY08
5-Aug Tuan Sing Hldgs 1H FY08; After 5pm
6-Aug SembCorp Industries 1H FY08; After 5pm
6-Aug Synear Food Hldgs 1H FY08; After 5pm
7-Aug Broadway Industrial Grp 1H FY08; After 5pm
7-Aug Centraland 1H FY08; After 5pm
7-Aug Electrotech Investments 1H FY08; After 5pm
7-Aug LMA Int'l 1H FY08
7-Aug Midas Hldgs 1H FY08; After 5pm
7-Aug NOL Tentative
8-Aug Hiap Hoe 1H FY08
8-Aug Hotel Royal 1H FY08; After 5pm
8-Aug SuperBowl Hldgs 1H FY08
11-Aug Eastern Asia Technology (Eastech) 1H FY08
11-Aug Ho Bee 1H FY08
11-Aug Lee Kim Tah 1H FY08; After 5pm
11-Aug Sino-Environment Tech Grp 1H FY08; After 5pm
12-Aug Armstrong Industrial Corp 1H FY08
12-Aug China Lifestyle Food and Beverages Grp 1H FY08; After 5pm
12-Aug Golden Agri-Resources 1H FY08; After 12.30pm
12-Aug Hotel Plaza 1H FY08
12-Aug IFS Capital 1H FY08; After 5pm
12-Aug Macarthurcook Industrial REIT 1Q FY08
12-Aug SingTel 1Q FY08; Before 9am
12-Aug ST Engg 1H FY08; After 5pm
12-Aug Straits Trading 1H FY08
12-Aug UOL Group 1H FY08
13-Aug Advanced Holdings 1H FY08; After 12.30pm
13-Aug Breadtalk Group 1H FY08; After 5pm
13-Aug ComfortDelgro Corporation 1H FY08; After 5pm
13-Aug Ellipsiz FY08; Profit Warning
13-Aug Petra Foods 1H FY08; Before 9am
13-Aug Swiber Hldgs 1H FY08; After 5pm
13-Aug United Overseas Insurance 1H FY08
14-Aug City Developments 1H FY08
14-Aug HTL Int'l 1H FY08
14-Aug IndoFood Agri 1H FY08; After 5pm
14-Aug Nera Telecommunications 1H FY08; After 5pm
14-Aug Wilmar Int'l 1H FY08; After 5pm
18-Aug Chosen Hldgs 1H FY08; After 5pm
20-Aug ASL Marine 1H FY08; After 5pm
29-Oct NOL Tentative

Singapore share market news update 15july08

- China Energy - PricewaterhouseCoopers' review of company's CNY197.8 million acquisition of Jiutai Energy last year found no evidence of irregularity. According to PwC, additional CNY190 million came from company's IPO proceeds, used mainly to repay Jiutai's debts, incurred to fund construction of phase 1 of its DME production plant. PwC says while review uncovered no discrepancy, China Energy failed to disclose payment of bulk of CNY190 million in 3Q07 to explain fall in its cash balance. Company says it'll take steps to strengthen its approval processes.

- Indofood Agri Resources said it did not plan to issue new shares to help repay loans that will become due next month.

- Singapore's central bank said it is closely monitoring financial markets in the wake of the crisis surrounding U.S. mortgage giants Fannie Mae and Freddie Mac, and warned of big downside risks in global markets.

- ST Engineering’s aerospace arm has signed an agreement for global cooperation with GE Aviation.

- Advanced Holdings has landed four new contracts totaling S$19.3m for projects in Singapore and China.

- Chosen Holdings warned it expects to report lower profits for FY08, citing lower demand from the data media storage industry and the slow ramp-up of new programs for the Malaysia and Thailand operations due to the slower US economy.

- ECS Holdings said it is working on a possible placement of shares to a sufficient number of placees in order to meet the 10% public free float requirement.

Singapore Share Market S-chips update :

Composition of the Merrill Lynch S-shares index
BBG Code Short Name Market Cap (USD MM) Weight Sector

COS SP Cosco Corp Singapore 5,462 6.63% Industrials
YZJ SP Yangzijiang Shipbuilding 2,175 6.63% Industrials
FRC SP Ferrochina Limited 734 6.63% Materials
CHHS SP China Hongxing Sports 842 6.63% Consumer Discretionary
LHCF SP Li Heng Chemical Fibre 817 6.63% Consumer Discretionary
YLLG SP Yanlord Land Group 2,823 6.63% Financials
CEGY SP China Energy Ltd 429 6.63% Materials
CENU SP Celestial Nutrifoods 371 6.63% Consumer Staples
CXLX SP China Xlx Fertiliser 568 6.04% Materials
SINOT SP Sino Techfibre 423 5.28% Consumer Discretionary
CMILK SP China Milk Products 414 5.22% Consumer Staples
SINE SP Sino-Environment Tech 348 5.04% Utilities
SYNF SP Synear Food Holdings 431 4.67% Consumer Staples
SVC SP Sunvic Chemical 158 3.75% Materials
CZAI SP China Zaino International 378 3.59% Consumer Discretionary
DLNG SP Delong Holdings Ltd 1,286 3.34% Materials
MIDAS SP Midas Holdings Ltd 560 3.13% Industrials
JIUC SP Jiutian Chemical Group 163 2.70% Materials
PAG SP Pine Agritech Limited 360 2.13% Consumer Staples
FBCM SP Fibrechem Technologies 434 2.09% Consumer Discretionary

Source: Merrill Lynch Equity Derivatives Strategy
Weights as of 30-Jun-08

SINGAPORE SHARE MARKET UPDATE 4july2008
- Another IPO bites the dust

Hong Kong dry-bulk shipping line Maritime Capital Shipping has
decided not to proceed with an initial public offering (IPO) in the Singapore Stock Exchange due to weak sentiment for the Singapore stock market in recent weeks.

"The performance of the global equity markets has deteriorated
sharply in the last few days and equity markets have closed for
IPOs, regardless of the underlying fundamentals of the company,"
said Maritime Capital chief executive officer Mark Harris. Mr. Harris
did not say when or whether the company might revive listing
plans.

After witnessing the "failure" of some of the recent IPOs in Singapore stock market, most investors would find it hard to jump into another IPO.
Most recent Singapore IPOs have tanked on day one of listing and are
still trading below their respective IPO prices. The last count is that
15 of the 18 new companies whose shares are listed in the Singapore stock exchange this year are now trading below their offer prices.

After the recent sell off in the broad market, some recent IPOs are
trading at 3-4 times FY08 earnings.......its no wonder new IPOs are finding hard
convincing investors to subscribe to them at 4-5 times FY07 earnings.

SINGAPORE SHARE MARKET HEADLINE NEWS 4JULY

- SembCorp Marine said that Atwood Oceanics Inc. has conditionally exercised an option to construct a second deepwater semi-submersible rig with Jurong Shipyard. Contract details are being discussed.

- ST Engineering CEO Tan Pheng Hock said the impact of a slowdown in the aviation industry on the company was “minimal” at worst and could even provide growth opportunities.

- Although stock market turnover fell 15.6% YoY in 1H08 to S$220.1bn, warrant volume surged 21% to S$13.1bn.

- CityDev has begun to preview its much-awaited Livia condo at Pasir Ris at an average price of about S$650 psf for the initial batch of units according to the Business Times.

- Reuters reports that Fraser and Neave is looking to sell S$125m worth of two-year bonds with a semi-annual coupon of 3.6%.

- Driven by rising corporate demands, Frasers Hospitality says it expects to grow its brand of serviced apartments to 8,500 by 2010.

- BBR Holdings has secured a S$26.4m contract from the Ministry of Education for works at an existing school in Tampines.

- Healthway Medical Corp said that the public tranche of its IPO was 6.6x subscribed. Together, the private placement and public subscription was 1.04x subscribed.

- FM Holdings has inked a MOU to buy 90% of TriStar Global Services, which owns two Indonesian coal-mining firms, for up to S$160m.

- Hong Kong-based bulk cargo shipping firm Maritime Capital Shipping withdrew a Singapore listing worth up to US$300m.

What is CFD or contract for difference

CFD gives high leverage compared since you only need to put down about 20% of the investment value - but just like margin account, this can work for as well as against you if you do not know how to manage your position.

Also, CFD allows traders to "shortsell" a stock ie selling a stock which someone who does not own with the aim of buying back later at a lower price. CFD allows traders to hang on to the short position for as long as one month or even beyond. See below for more information.

1. What is Contracts for Difference (CFD)?
A CFD is an agreement between 2 parties to settle the difference between the opening price and closing price of the
contract multiplied by the number of shares specified. It is therefore a unique trading instrument that allows the
customers to trade in stocks with the key features of leveraging and short-selling.

2. Key Features of Phillip CFD?
These are the advantages of using Phillip Stock CFD:
_ Portfolio Diversification
Besides SGX, HKSE and KLSE, customers now have the added advantage of diversifying their stocks and CFD portfolio
with selected companies listed on the NYSE and NASDAQ. With lesser initial capital outlay (20%), customers can now
effectively perform portfolio diversification.

_ Convenience to Short Sell*
A CFD allows you to take a position on a stock without needing to buy and sell the shares themselves. Therefore, CFD
investors can take short position, and not be limited to the T+3 days contra period or be tired out by the
administrative hassles that accompany SBL trading.

* Share Borrowing and Lending(SBL) facility allows you to short the market by borrowing shares, the accompanying administrative hassles often
results in investors missing out on the ‘right’ price to sell.

_ 5 Times Trading Power, Increased Leverage
Phillip CFD will enable you to leverage up to 5 times the capital, allowing clients to pay only a fraction of the
underlying capital required.

_ 30 Calendar Days “CONTRA”
Each CFD contract has an expiry date of 30 calendar days. Investors can choose to close out anytimebefore
expiration. If contracts are not closed out within 30 calendar days, they will be automatically renewed at the end of
the 30th day.

_ Sophisticated Trading Strategies
You will have the added ability to protect your existing share portfolio against adverse market conditions by utilizing
the Phillip CFDs to hedge your exposure, via strategies such as pair trading and spread trading.

_ Smart STOP Order§
Increase your chances of winning and minimize losses with the use of the STOP order type. Our Stock CFD (US) now
has a system which allows for higher entries and cut loss trades. Simply by the differentiation of the mid-price and
the price input, the system will be able to identify if a customer is putting in a STOP order.

§STOP order is currently applicable for US markets only.

** Customers are advised to exercise caution when executing orders at current spread especially during volatile conditions.

_ 1.5%p.a. Interest Receivable for Short-Selling
Customers using Phillip US Stock CFD to short-sell will receive interest on their overnight short positions.

3. Corporate Actions

Dividends
A holder of long Phillip CFD on the quoted shares* will receive a credit adjustment** in the account, where the adjustment is equivalent to the net dividend payment due on the underlying shares. Conversely, a holder of short
Phillip CFD will incur a debit adjustment** where it is equivalent to the gross dividend.
*Shares refers to companies being listed on the respective exchanges
**Dividends adjustment will be in the respective exchanges’ currencies.

Bonus, Stock Splits, and Reverse Splits
Quantity and price adjustment will be made to reflect the market equivalent.
Note: Notwithstanding the foregoing, PSPL reserves the right to close all open positions relating to the underlying security before the ex-date for
any corporate action not mentioned above.

In the event there is a combination of Corporate Actions (“CA-Cum All”), where it includes corporate actions other than above mentioned,
clients might not be able to enjoy the entitlement and may be required to close off all open positions before the ex-date.

Eg. ABC stock announces $0.05 dividend per share (which Phillip CFD originally caters for) & 1 for 10 rights issue at $0.60 (which Phillip CFD
originally does not cater for). Ex-date for both Corporate Actions is on 1st October 07.

Clients who are holding the above position would not be entitled to both the rights & dividends and would have to liquidate their positions before
ex-date.

4. Settlement Currency
All Phillip CFD contracts would be settled in the traded currencies. Client’s MYR ledger is not allowed to go into deficit. Should there be a deficit, MYR ledger will be forced converted into SGD. For USD and HKD, there will be NO
AUTO CONVERSION for USD and HKD should there be any margin deficit in these 2 currencies. Should there be any margin deficit in the respective ledger, clients should submit conversion request to avoid margin debit interest.

Exchanges - Settlement Currency
SGX - Singapore Dollars
KLSE / HKSE / US - Traded Currency

Counters Available
For the latest list of counters Phillip CFD issues, please visit our CFD website @ www.phillipcfd.com to download the counter list.

Placing Orders
Phillip CFD orders can be placed in a similar way as placing an ordinary share order. They can be placed through
POEMS online or through your Trading Representatives.

Mini CFDs – Trade BLUE CHIPS at half a lot
You may place long or short CFD order of 500 shares instead of 1 board lot for the following SGX Blue Chips.
Mini CFDs counters
1 City Dev 6 Keppel Corp
2 DBS 7 SGX
3 F&N 8 SIA
4 Great Eastern 9 UOB
5 Jardine C&C 10 Venture

Minimum Deposit
Investors are required to put up an initial deposit of S$3,000 before any trades can be initiated. Thereafter, the
maintenance margin will be 20% of your portfolio market value, marked to market daily.

Withdrawal
Margin Excess from cash deposit may be withdrawn.

Mode of Payment
_ Cash payment for your CFD trading account can be made at the Head Office’s cashier counter.
_ EPS (Electronic Payment for Shares): Please choose “Lump Sum” payment and initiate payments before 9 pm to
ensure that your CFD ledger is credited punctually before the next market day. Kindly inform your dealer/remisier that the EPS is meant for your CFD trading account.
_ Cheque should be crossed and made payable to “Phillip Securities Pte Ltd”. Please state your trading account number, name and contact number on the back of the cheque, and stating clearly that this payment is meant for
Phillip CFD.
_ Existing Phillip clients can initiate transfer from your stock & shares trading account to CFD account via online or through your dealer / remisier.
_ Telegraphic Transfer (TT): Please state your trading account number and name along with the telegraphic transfer. Kindly inform your dealer/remisier that the TT amount is meant for your CFD trading account.

Closure of Account
An administrative fee of up to S$1.07 (inclusive of GST) would be levied for account closure with credit balance
of S$1.00 or below.

Fees & Charges
_ Commission‪
Market Commission Minimum Commission
SGX 0.3% for contract value > S$12,000
0.5% for contract value X S$12,000
Above applies to non STI component stocks
*0.1% for Component Stocks (*Promo till 31 Jul 08)
S$22 / US$15 / HK$150
KLSE 0.6% (Settlement Currency in MYR) RM60 (Settlement Currency in MYR)
HKSE §0.35% (§Promo till 30 Jun 08) HK$150
NYSE / NASDAQ 0.25%* US$25*
An additional renewal commission will be applied on the 30th day closing price. GST on commission.
Upon renewal, the new contract value will be the last done price (on T+30) multiplied by the contract quantity.
* Commission will be calculated on per trade basis, no amalgamation will be performed.

Differences between CFD & Traditional Shares (Singapore Market)
CFD Traditional shares
Settlement period _ T+30 calendar days _ T+3 market days
Capital Outlay _ 20% _ 100% on T+3

“Short-sell”function Just a mouse click away Subjected to T+4 buy-in if you
shortsell
without buying
back on same day
Financing charges 5.5% p.a. (Long) N.A
4.0%* or 8.0% p.a. (Short)
(based on 100% of opening
contract value)

Share ownership No Yes
Commission 0.2% or 0.3% or 0.5% 0.28% - 0.5%
*Rates are subjected to change*

SGX clearing
& access fee N.A 0.0475%


Short A Stock in Singapore Stock Market Using CFD For Example

A client is bearish on ZZ (listed on SGX and non-STI component stock) and sells 4,000 shares (2 times leverage) at S$1.40 after borrowing from SBL. Alternatively, the client can deposit the S$2,800 and sell up to S$14,000 worth of CFD contract in counter ZZ at S$1.40.

Scenario 1: Positions are closed 10 days later @ S$1.30

Original Investment Short CFDS$2,800 Short StockS$2,800

Opening contract value (Day 1) S$14,000 S$5,600
Opening commission (incl GST) (S$44.94) (S$16.78)
Clearing & Access fees (incl GST) S$0 (S$2.85)
Borrowing Charge (S$30.68) (S$10.74)
Closing contract value (Day 10) (S$13,000) (S$5,200)
Handling fee (incl GST) S$0 (S$21.94)
Closing Commission (incl GST) (S$41.73) (S$15.58)
Clearing & Access fee (incl GST) S$0 (S$2.64)
Net Gain S$882.65 S$329.47


Scenario 1: Positions are closed 10 days later @ S$1.50 (with a loss)

Original Investment Short CFDS$2,800 Short StockS$2,800
Opening contract value (Day 1) S$14,000 S$5,600
Opening commission (incl GST) (S$44.94) (S$16.78)
Clearing & Access fees (incl GST) S$0 (S$2.85)
Borrowing Charge (S$30.68) (S$10.74)
Closing contract value (Day 10) (S$15,000) (S$6,000)
Handling fee (incl GST) S$0 (S$21.94)
Closing Commission (incl GST) (S$48.15) (S$17.98)
Clearing & Access fee (incl GST) S$0 (S$3.05)
Net Loss (S$1123.77) (S$473.34)

Source : www.phillipcfd.com

Singapore Stock Market News 2july08

Accoding to Dow Jones report, singapore listed stock Dayen Environmental (5BT.SG) fell 26.2% to record low of S$0.155, as investors convinced water treatment firm's planned foray into coal mining business all but over after company said Indonesian partner PT ATPK Resources (ATPK.JK) unable to carry out obligations under mining rights agreement signed in December. Announcement comes just weeks after Dayen unveiled new management team and business units, including a coal mining arm. While company says ATPK still committed to entering new coal mining contract, investors taking no chances, sending share price into tailspin. Stock has been on sustained decline since late May, likely to remain below S$0.20 until company comes out with more reassuring news.

other singapore share market related news :
- SIA has sold five Boeing 777 aircraft in its fleet to Pembroke Group, a unit of Standard Chartered, and leased these back.

- Olam International and Wilmar International have joined forces to acquire a one-fifth stake in PureCircle Ltd - a leading producer of natural sweeteners - for US$106.2m.

- Keppel Corp has entered into a S$794m joint venture with Tianjin Eco-City Investment and Development Co.

- SembCorp Marine has won a US$400m contract from AP Moller-Maersk to build a harsh environment offshore platform to be installed in the Danish sector of the North Sea.

- Parkway Hldgs' 40% Pantai Irama Ventures has agreed to buy a 50% in Gleneagles Hospital (Kuala Lumpur) for S$71.6m.

- DBS has entered into an agreement to invest a maximum of US$8.7m in Raffles Fund 1 Ltd. As part of its private equity portfolio, DBS will own no more than 29% of the company, which will invest primarily in technology-related venture capital funds.

- Epure International acquired water treatment equipment provider Beijing Hi-Standard Water Treatment Equipment Co., Ltd for RMB208m.

- Inflation is taking a toll on China's businesses, as two manufacturing surveys show that input prices are rising and weighing on commercial activity.

- Del Monte Pacific has found itself embroiled in controversy over the use of a highly toxic and regulated pesticide.

SINGAPORE STOCK MARKET HEADLINE NEWS 1JULY

- Bank lending accelerated in May to S$256.9bn, up 26.1% YoY – the fastest pace on record according to the MAS.

- SembCorp Marine has clinched a US$640m contract to build a deepwater semi-submersible drilling rig for Larsen Oil & Gas.

- MPU Offshore Lift ASA, a Keppel customer has declared bankruptcy. Keppel said it has ceased work on the EUR140m project with immediate effect, and has received payments to meet all costs incurred to date.

- Fraser & Neave has halted its search for a group CEO and will instead put in place a new management and organizational structure in the coming months.

- The 1H of 2008 has wiped S$120.4bn or some 15% from the total market cap of the Singapore bourse, now down to S$677.4bn.

- Suntec REIT said it has secured a S$400m club loan facility to refinance the remaining bridge loan due end October 2008 related to the acquisition of a one-third stake in One Raffles Quay.

- A-REIT said it is looking to invest some S$500m in industrial properties and business space each year to reach its target portfolio size of S$5bn by end 2010.

- Inter-Roller Engineering has taken the Dublin Airport Authority to court in Ireland over its decision to award a S$85.7m baggage handling contract to Siemens.

- Boustead Singapore has won a three-year S$175m water and waste water infrastructure deal in Libya.

- Tuan Sing is buying Katong Mall for S$219m, or S$865 psf of potential gross floor area.

TRADING THE STOCK MARKET : TO CONTRA OR NOT TO CONTRA

The answer is not "if" but "when" .......

During major share market correction like what has been going on in the past few months, it is unavoidable that some traders may be sustaining major losses.....some paper losses since they could not bear to cut their losses. One question that is often asked if should amateur trader be trading on credit ie using contra (T+4) to trade thereby trading bigger positions than they can afford, thus exposing them to much greater trading risk?

Some people may feel that unexperienced traders should not expose themselves to higher risks by trading on contra. I personally feel that it is not a question of "to contra or not to contra" but it is a question of "when is the right time to use contra to trade".

To me the right time to use contra or even margin for the stock market is only during BULL market, assuming one is a LONG trader (ie you only BUY but do not SHORT).

I feel that as long as it's a bull market, we can still trade using contra because there are a lot of hot money in the market and we often see stocks rally, rest for few days and hit new high again. So one can exit easily since stock will usually rebound higher and very quickly. But during downtrending market like now.......not advisible for some people to use contra to trade unless you are very disciplined about cutting losses when the price move against you.

Then the next question is how to identify a BULL market......there are no hard and fast rules but I believe the following are some of the characteristics of a BULL market :

1. Start from the macro level - looking at various stock market indices eg US dow jones, hong kong hang seng index and singapore straits times index

Ideally, they should be at a recent high ie 3month 6month or even 12month high. i personally like 6 month high. If the rest of the indices are not there yet, at least home country index must be at those level

2. Then we zoom in on straits times index technical indicators

a. multiple moving averages (MMA) - short term MMA should be above long term MMA or

b. daily index above 50 days exponential moving average (EMA) and 50 EMA above 200 EMA

3. Trading volume for the whole market and a group of hot stocks - should be at a recent high ie 3m or 6m or 12m high

One last and quite effective indicator - Retail sentiment

a. when your remisier is telling you that he has no time to take your calls and his monthly income has quadrupled
b. when you hear that taxi drivers or your aunties are giving stock tips to friends and making money from stock market

when you see the above, chances are we may be in the last phase of the BULL market ie the end is near......how soon is subjective, it can range from 6 to 12 months from the time you get tips from your next door neighbour.

I remember early 2007 when i was in hong kong, while travelling on a bus, i overheard the bus driver telling a passenger friend that he made HK30,000 within one week.......then my yellow light warning pops up!

cheers

rooney

SINGAPORE SHARE MARKET NEWS UPDATE 13JUNE08

- Robinson and Co Ltd will be delisted from the SGX on Monday, following its takeover earlier this year by the Dubai-based Al-Futtaim Group.

- Swiber Holdings is maneuvering itself into position by getting its deepwater rig ready for operation in 2010.

- Ecowise Holdings' net profit more than doubled to S$6.54m for 1H08, from S$2.62m in 1H07.

- Pokka Corporation intends to make a voluntary unconditional cash offer of S$0.66/share for all the issued ordinary shares in the capital of Pokka Corporation (Singapore).

- Moody's Investors Service changed Macarthurcook Industrial Reit's Baa3 rating outlook to developing from stable.

- Furama said it has bought three boutique hotels in Bangkok for S$32.3m, citing opportunities in the strong Thai tourism sector.

- A huge order of eight drilling units from Norway's Sevan Marine is set to boost Cosco's revenues significantly.

- Giant Belgium-based brewer InBev made an unsolicited offer worth roughly US$46b for the American brewing icon Anheuser-Busch Cos.

- Air pollution causes about 10,000 deaths yearly in southern China's Pearl River Delta region, according to a study released by a research organization and three universities.

- US Federal regulators proposed new rules designed to stem conflicts of interest, expand disclosure for Wall Street's credit rating industry and flag the ratings of more complex securities.

- Statistics from the CBS showed divorced individuals and young adults are two segments of the Singapore population that are more liable to miss their credit card payments.

Singapore share market - 6th june 2008
Summary Financial News of the Day
• NYSE short interest hits record high in late May
• Spooked investors snap up Singapore government bonds
• CAI in joint bid to operate St Petersburg airport
• Keppel wins US$420m SeaDrill rigs order
• SembCorp Marine wins US$430m SeaDrill rig orders
• Olam shares slide on news of convertible bond issue
• Kohlberg Kravis Roberts close to buying Unisteel
• ST Engineering unit wins 88.7m yuan Guangzhou deal
• Dayen diversifies into energy sector
• Banker Ong Chong Jin to head Catalist

SINGAPORE STOCK MARKET NEWS UPDATE 17APR08

- Straits Resources Ltd will split into two units, separating its coal and other assets to improve growth prospects. It said that its Singapore-listed Straits Asia Resources unit will hold the coal assets.

- Singapore’s Infocomm Development Authority has set Friday, June 13 as the day to launch true number portability.

- Sports footwear and apparel maker China Eratat will make its debut on the SGX mainboard at 9am today. The 163m shares offer priced at S$0.30 was about 1.2x subscribed.

- Parkway Life REIT is buying a distributing facility in Japan for S$35m that offers an initial net yield of 5.3%.

- In response to persistent rumors of a deal with German TUI’s Hapag Lloyd, Neptune Orient Lines just said it was looking at “all opportunities available to improve shareholder value”.

- Banyan Tree Holdings may set up more real estate development funds to support expansion in Japan and the Middle East.

- Singapore’s High Court has directed the majority owners of the Regent Garden condominium to complete the en bloc sale agreement with Allgreen Properties.

- Asia Pacific Breweries has launched locally-brewed Tiger beer for the India market.

- CWT has signed a MOU in Malaysia to pursue and develop logistics business opportunities in Malaysia.

- China's sizzling growth continued to slow a little in 1Q08, with GDP expanding 10.6% YoY.

- Singapore is the fifth most expensive location in terms of residential rentals in Asia and ninth globally according to an ECA Intl survey.

Stock Market Event Update

Go for Gold - JP Morgan China Conference 23-25 april 2008

Tentative list for singapore, hong kong, china and US listed companies

Air China
Angang New Steel (000898 CH)
Anhui Expressway Co Ltd (995 HK)
Bank of China (3988 HK)
Baoshan Iron & Steel (600019 CH)
Baoye Group Co Ltd (2355 HK)
Beijing Capital International Airport Co Ltd (694 HK)
Beijing Capital Land Ltd (2868 HK)
Beijing Jingkelong Supermarket Chain Group (8245 HK)
Beijing Tongrentang Co Ltd (600085 CH)
Beijing Yanjing Brewery Co Ltd (000729 CH)
Bosideng International Holdings (3998 HK)
BYD Ltd (1211 HK)
Celestial NutriFoods Ltd (CENU SP)
Centron Telecom (1155 HK)
Chaoda Modern Agricultural (Holdings) Ltd (682.HK)
China Dairy Group Ltd (CDG SP)
China Everbright Bank (Unlisted)
China Finance Online (JRJC)
China Fishery Group Ltd (CFG SP)
China Flavors and Fragrances (3318 HK)
China Gas Holding Ltd (384 HK)
China Green (Holdings) Ltd (904 HK)
China Huiyuan Juice Group (1886 HK)
China Infrastructure Machinery Holdings Ltd (3339 HK)
China Merchants Bank Co Ltd (3968 HK)
China Merchants Holdings (144 HK)
China Merchants Property (200024 CH)
China Metal International Holdings Inc (319 HK)
China Milk Products Group Ltd (CMILK SP)
China Netcom (906 HK)
China Oriental Group Co Ltd (581 HK)
China Resources Land Ltd (1109 HK)
China Shineway Pharmaceutical Group Ltd (2877 HK)
China Shipping Development (CSPORT SP)
China Sports Intl
China Telecom (728 HK)
China Ting Group Holdings Ltd (3398 HK)
China Unicom (762 HK)
China XLX Fertilizer Ltd (CXLX SP)
China Yuchai Intl Ltd (CYD US)
CITIC Pacific (267 HK)
Citic Resources Holdings Ltd (1205 HK)
CITIC Securities Co Ltd (600030 CH)
Clear Media Ltd (100 HK)
Country Garden (2007 HK)
Denway Motors Ltd (203 HK)
Epure International Ltd (EPUR SP)
FerroChina (FRC SP)
Financial One Corp (FIN SP)
Financial Street (000402.CH)
Focus Media (FMCN US)
Geely Automobile Holdings Ltd (175 HK)
Gemdale (600383 CH)
Global Bio-Chem Technology (809 HK)
Global Sweetners (3889 HK)
Golden Meditech Co Ltd (8180 HK)
Guangdong Investment Ltd (270 HK)
Guangzhou Baiyun Airport (600004 CH)
Harbin Electric, Inc. (HRBN US)
Hengan International Group Co Ltd (1044 HK)
Hopson Development Holdings Ltd (754 HK)
Huabao Internatioal (336 HK)
Huadian Power International Corp Ltd (600027 CH)
Hyflux Water Trust (HYFT SP)
Industrial Bank (601166 CH)
Intime (1833 HK)
KWG Property Holding Ltd (1813 HK)
Lee & Man Paper Manufacturing Ltd (2314 HK)
Lianhua Supermarket Holdings Ltd (980 HK)
Lizhong Wheel Group (formerly China Wheel) (LZW SP)
Luzhou Lao Jiao Co Ltd
Man Wah Holdings Ltd (MWH SP)
Mindray Medical (MR US)
Mingyuan Medicare Development Co Ltd (233 HK)
Minmetals Resources Ltd (1208 HK)
Minth Group Ltd (425 HK)
Neo-China Group (Holdings) Ltd (563 HK)
New World China Land (917 HK)
Nine Dragons Paper (2689 HK)
Ping An Insurance (2318.HK)
Prime Success International Group Ltd (210.HK)
Shanda Interactive Entertainment Ltd (SNDA.US)
Shandong Weigao Group Medical Polymer (8199.HK)
Shanghai Forte Land Co Ltd (2337.HK)
Shanghai International Port (Group) Co Ltd
Shanghai Real Estate Ltd (1207.HK)
Shenzhen Chiwan Wharf Holdings (200022.CH)
Shenzhen Overseas Chinese Town (000069 CH)
Shenzhou International Group Holdings Ltd (2313 HK)
Shimao Property (813 HK)
Shui On Land (272 HK)
Sino Ocean Land (Unlisted)
SOHO China (410.HK)
The9 Ltd (NCTY.US)
Tianjin Tasly Pharmaceutical (600535.CH)
Tongda Group Holdings Ltd (698.HK)
Victory City International Holdings Ltd (539.HK)
Win Hanverky Holdings (3322.HK)
WSP Holdings (WH US)
Wuyi International Pharmaceutical (1889.HK)
Yanlord Land Group (YLLG.SP)
Zhejiang Expressway Co Ltd (576.HK)
Zhong An Real Estate (672.HK)

Singapore stock market news

- Aztech Systems has secured a S$253m contract for the supply of construction material.

- China Essence Group posted an 85% YoY increase in 3Q08 net profit to RMB100.m as revenue almost doubled from RMB166m to RMB330.3m.

- Jade Tech is selling its wholly-owned, loss-making subsidiary Jade Precision Engineering to United Pacific Industries (UPI) for about S$6m in UPI shares and cash.

- Yoma Strategic Hldgs posted a S$21.06m net profit in 3Q08, a turnaround from a S$13.82m loss a year ago, thanks mainly to the completed acquisition of a 27% interest in Winner Sight Investments.

- Mercator Lines reported a 3Q08 net profit of US$14.4m, up sharply from US$2.4m a year ago. The company attributed the 106% YoY gain in revenue at US$43.1m to improved vessel day rates and an increase in the number of operating days.

- Vicom, the vehicle inspection unit of ComfortDelGro, posted a 31% YoY gain in FY07 net profit to S$13.5m.

- KTL Global has secured a 5-year contract to supply up to US$7m worth of wire ropes for crane equipment to the McDermott Group. It also announced a 24.6% YoY increase in 1H net profit to S$2.18m.

- Saizen REIT’s 2Q08 net property income jumped 77.8% YoY to S$7.95m on the back of an 85% increase in gross revenue to S$11.23m.