STI Down 70 points

[TracyTan866]

Yes, that's how Nathan Rothschild made his fortune. Spread false news to the market, everybody panic selling, then he bought everything up at a great discount.

wise words..

 

[TracyTan866]

When all these analysts , commentators, the Shit Times, the whatever !!....tell you to buy...YOU SELL, tell you to SELL, you buy....if they tell you it is a good buy ( it is a GOOD BYE) & tell you, you can make this & that ( they have already eaten their fill)...& when these people collectively starts "holding" in the market.... "CAVEN CANEM" don't get " bitten & get rabies"... ha ha ha

don't believe the analysts. those who are good, buy and sell. those who cant buy nor sell, write analysis

 

[TracyTan866]

Singapore heads for slowest growth since 2009 after dismal Q2

Official GDP forecast for 2015 is pared to 2-2.5% from 2-4%

As the government pared its economic growth forecast for 2015 on Tuesday after dismal second-quarter numbers, a key question being asked is whether the clampdown on foreign labour in Singapore could be putting too much of a squeeze on the wobbly local economy.

The benchmark Straits Times Index also tumbled 1.4 per cent or 43.60 points to 3,153.06 - its lowest level since last October - after the Ministry of Trade and Industry shaved its official gross domestic product (GDP) growth estimate for the full year from 2-4 per cent to just 2-2.5 per cent - even worse than the 2-3 per cent range most economists had been expecting.

The upper limit of just 2.5 per cent growth means that the economy is headed for its slowest pace of expansion ever since its 0.6 per cent contraction in 2009 in the depths of the global financial crisis.

The narrower growth forecast range came after a lacklustre 1.8 per cent expansion in Q2 GDP from the previous year, which was largely due to a contraction in the manufacturing sector. Though this number was slightly better than the flash estimate of 1.7 per cent growth and the revised market consensus of 1.6 per cent, it still marked a significant slowdown from the 2.8 per cent year-on-year expansion the economy notched up in the first quarter of this year.

GDP also shrank 4 per cent in Q2 from the preceding quarter, essentially erasing its 4.1 per cent quarter-on-quarter gain in Q1 this year. The slide raises the spectre of a potential technical recession, economists said. Still, unless there is a significant change in economic conditions, the Monetary Authority of Singapore is expected to keep its monetary policy stance unchanged at its October review as it focuses on inflationary pressures, which are still a concern because of higher costs resulting from tight labour policies.

To some economists, the poor showing in Q2 provides yet another sign that the restrictions on foreign labour inflow are too strict, piling pressure on firms already facing an environment of global and regional economic uncertainty.

"The foreign labour measures are overly tight and risk tipping the economy into recession. Manufacturing is already in recession, with the contraction worsening in the second quarter," said Bank of America Merrill Lynch economist Chua Hak Bin, adding that labour productivity in the Republic "shows few signs of improving in the second quarter, remaining negative despite the government's productivity campaigns".

China's move on Tuesday to devalue the yuan could put more pressure on Singapore's exports and already-faltering manufacturing sector while weak growth in Southeast Asia will likely drag down Singapore's prospects, he added.

DBS economist Irvin Seah said that though the uncertain external environment was partly responsible for the disappointing GDP growth in Q2, overly tight foreign worker curbs also played a role by limiting companies' ability to grow. "There are better approaches to restructuring the economy rather than tightening the policies on foreign labour ... What should have been the emphasis over the past few years of restructuring should instead be growing our local enterprises and promoting top-line growth."

Others told The Business Times that the existing foreign labour curbs were a necessary medicine. "The foreign worker tightening is a necessary adjustment for the labour force to make a jump in its skills mix and for it to become more efficient," said Barclays economist Leong Wai Ho. "Unless there is a systemic shock - as opposed to the current slowdown - we should not detract from this needed adjustment. It will pay us dividends in terms of our ability to compete globally in the longer term."

http://www.businesstimes.com.sg/gov...for-slowest-growth-since-2009-after-dismal-q2

this shows the performance of lhl

 

[TracyTan866]

Bad economy will cause chao kiasee sinkies to vote for Pap

not sure whether this is true anymore

 

[TracyTan866]

In Spore it is very simple. Everything is controlled by a single party.If things go wrong in Spore we can only blame one world class party.

Eventually everyone will wake up. Hopefully there is something left to salvage from the ruins.

True.......

 

[TracyTan866]

kateks screwing STI..........

 

[TracyTan866]

Today's drop could be a knee jerk to Yuan's correction. With the 1.9% announced yesterday, people are worried that Global economy is not doing as well as what is painted. Usually in such sell-downs, it is selling through emotions and chances of a rebound next few days quite likely.

seize the opportunity to buy good shares at a discount

 

[TracyTan866]

External factors beyond the PAP govt's control. We need a strong team with a proven track record to steer our economy and weather the storm together with Singaporeans.

the pap has not done any significant economic activity for SG. The pap just built casinos, malls, condos, bring in p;rostitutes. these are hardly good economic activities that sustain the economy.

with this kind of economic activities, the only way for SG to go is down

 

[TracyTan866]

It will go up soon. Dont worry too much. Singapore wont collapse.

Let us see

 

[TracyTan866]

It was already known that it will be getting worse, that's why must hold election asap

If election held later, it will show that the incumbent is also helpless and can't do anything about it:( Then the support will be even worse.:o

Downturn of SG was so obvious to some

 

[TracyTan866]

No more. That's all. You expecting Pinky to resign?

LHL may claim ill health.

 

[TracyTan866]

UOB drop below $20 lvl, pls up your stake while the rest of us can short it.

keep a close look at UOB, DBS

 

[jw5]

Remember to buy low and sell high. :p

 

[TracyTan866]

Remember to buy low and sell high. :p

yes..the question is when is low and when is high?

 

[dancingshoes]

yes..the question is when is low and when is high?

look at your chart and decide from there.

 

[Leongsam]

this shows the performance of lhl

If the WP was in charge, the performance would be far worse.

PAP is the best.

 

[dancingshoes]

do not worry that s'pore will be going down cos' we are small, this is to our advantage that we will be resilient.
BIG MNCs and banks will not shift their operations out cos' the money here is well spent on quality labour force.
besides, the money spent here is small compared to their main operations back in their home countries.
That's why you see MAS strong firm stand on keeping our currency strong.

 

[TracyTan866]

look at your chart and decide from there.

yes...so it boils down to own judgement

 

[TracyTan866]

If the WP was in charge, the performance would be far worse.

PAP is the best.

that's your speculation.

But lhl's poor performance is not a speculation

 

[TracyTan866]

do not worry that s'pore will be going down cos' we are small, this is to our advantage that we will be resilient.
BIG MNCs and banks will not shift their operations out cos' the money here is well spent on quality labour force.
besides, the money spent here is small compared to their main operations back in their home countries.
That's why you see MAS strong firm stand on keeping our currency strong.

good points..thanks