EDGE summary (zt from CNA)
THE EDGE ISSUE - JUN 11 - JUN 17, 2007. BUY/SELL/HOLD *NEW
COVER PAGE : F&N property arm roars. Frasers Centrepoint Ltd. (Page CC6 - CC7). F&N's latest 'tiger'.
FCT secures overseas pipeline (Page CC8)
The Great Singapore Sale - Courts (S) Ltd with the intention of taking it private. (Page 3)
Asian stocks fall most in seven weeks (Page 4)
Flextronics beefs up with Solectron buy (Page 6)
Japan Land diversifies earnings base as homebuilding business takes off (Page 8 )
SGX Shares rise on merger speculation (Page 9)
Connect raises Pacific Internet bid, extends deadline (Page 9)
Pig shortage hits China Pork producers. People's Food Holdings, United Food Holdings affected (Page 10)
SGX, FTSE to introduce new stock indices (Page 10)
Will GKE's biodiesel business take off ? (Page 12)
-Companies still in the game : Wilmar International: 350,000 tonne plant in Indonesia began in February.
-Peter Cremer: 120,000 tonne plant on Jurong Island started in Sept 2006.
-Vance Bioenergy : 50,000 tonne plant in Johor began in Aug 2006
-Natural Fuel : 600,000 tonne plant on Jurong Island being built, due year-end.
Deteriorating economics foiling plans of companies (Page 14)
Olam's Queensland Cotton deal unravels (Page 15)
Biosensors rallies as key competitor pulls product off market (Page 16)
Rising inflation sparks asset deflation (Page 18 )
TSE (Tokyo Stock Exchange) hires Morgan Stanley, Nomura, Daiwa for IPO (Page 18 )
Understanding the Chinese Investor (Page 19)
What if Chinese stocks crash ? (Page 20)
New Zealand raises key interest rate to record 8% (Page 20)
----------------
STI Dips - Blue chips fall back but penny stocks see plenty of trading action. (Page 25)
-Punter's favourite are Digiland and Banjoo.
-UTAC subject of M&A speculation
-Ausgroup announced a JV with a major european group for the purpose
of participating in work on the Shell Eastern Petrochemicals Complex Project.
-Penguin Boat spinning off its shipbuilding and repair unit into a separate listed company.
-Keppel Corp bagged an order for an ultra-deepwater semi-submersible drilling rig.
-WHAT TO LOOK OUT FOR : CosmoSteel holdings Ltd launched it's IPO on Friday. Offer closes June 20, Trading starts on June 22.
---------------
Investor interest could pick up as PST and FSL make acquisitions (Page 26)
Asian currencies slide as investors exit emerging-market assets (Page 27)
China's Africa push to boost shilling, cedi (Page 28 )
AUD could extend rally versus yen (Page 28 )
'US Stocks may fall up to 30%' (Page 28 )
CHEMOIL's CEO raises stake through open-market purchases (Page 30)
BROKERS DIGEST :
AsiaPharm Group - BUY (tp = 83 cents)
China Fishery Group - MAINTAIN BUY (tp = $3.08 )
Cougar Logistics Corp - MAINTAIN HOLD (tp = 56 cents)
Creative Technology - UPGRADE TO BUY (tp = $8.50)
Golden Agri-Resources - OUTPERFORM (tp = $3.60)
Keppel Land - BUY (tp = $10.25)
Rickmers Maritime - BUY (tp = $2.00)
Sarin Technologies - HOLD (tp = 75 cents)
Yangzijiang Shipbuilding - BUY 2 (tp = $2.35)
PERSONAL WEALTH SECTION :
Leveraged trading on the cheap (Page PW 1)
CFD : Wrong bets could result in massive losses (Page PW 2)
No Chinese take-out for global markets (Page PW 3)
Liquidity, leverage and their looming risks (Page PW 4)
Taking a "weighted and rebalancing" approach (Page PW 8 )
VOLUME MOVERS :
Ban Joo & Co. Ltd
Digiland International Ltd
United Test and Assembly Centre Ltd
Rowsley Ltd
HOT STOCKS :
CREATIVE TECHNOLOGY - Upmove set to continue. Immediate resistance at $8. A break above $8, prices to test $8.90.
UTAC - Punter's favourite (tp = $1.12)
FU YU MANUFACTURING - Set to rebound (tp = 45 cents)
Chartered Semiconductor Manufacturing - Breakout at $1.35 (tp = $1.80)
Venture Corp - Temporary correction. Support at $14.40, prices to re-test $16.50)
Global Testing - Temporary consolidation, resistance at 26 cents. If breakout, tp = 50 cents.
COVER PAGE : F&N property arm roars. Frasers Centrepoint Ltd. (Page CC6 - CC7). F&N's latest 'tiger'.
FCT secures overseas pipeline (Page CC8)
The Great Singapore Sale - Courts (S) Ltd with the intention of taking it private. (Page 3)
Asian stocks fall most in seven weeks (Page 4)
Flextronics beefs up with Solectron buy (Page 6)
Japan Land diversifies earnings base as homebuilding business takes off (Page 8 )
SGX Shares rise on merger speculation (Page 9)
Connect raises Pacific Internet bid, extends deadline (Page 9)
Pig shortage hits China Pork producers. People's Food Holdings, United Food Holdings affected (Page 10)
SGX, FTSE to introduce new stock indices (Page 10)
Will GKE's biodiesel business take off ? (Page 12)
-Companies still in the game : Wilmar International: 350,000 tonne plant in Indonesia began in February.
-Peter Cremer: 120,000 tonne plant on Jurong Island started in Sept 2006.
-Vance Bioenergy : 50,000 tonne plant in Johor began in Aug 2006
-Natural Fuel : 600,000 tonne plant on Jurong Island being built, due year-end.
Deteriorating economics foiling plans of companies (Page 14)
Olam's Queensland Cotton deal unravels (Page 15)
Biosensors rallies as key competitor pulls product off market (Page 16)
Rising inflation sparks asset deflation (Page 18 )
TSE (Tokyo Stock Exchange) hires Morgan Stanley, Nomura, Daiwa for IPO (Page 18 )
Understanding the Chinese Investor (Page 19)
What if Chinese stocks crash ? (Page 20)
New Zealand raises key interest rate to record 8% (Page 20)
----------------
STI Dips - Blue chips fall back but penny stocks see plenty of trading action. (Page 25)
-Punter's favourite are Digiland and Banjoo.
-UTAC subject of M&A speculation
-Ausgroup announced a JV with a major european group for the purpose
of participating in work on the Shell Eastern Petrochemicals Complex Project.
-Penguin Boat spinning off its shipbuilding and repair unit into a separate listed company.
-Keppel Corp bagged an order for an ultra-deepwater semi-submersible drilling rig.
-WHAT TO LOOK OUT FOR : CosmoSteel holdings Ltd launched it's IPO on Friday. Offer closes June 20, Trading starts on June 22.
---------------
Investor interest could pick up as PST and FSL make acquisitions (Page 26)
Asian currencies slide as investors exit emerging-market assets (Page 27)
China's Africa push to boost shilling, cedi (Page 28 )
AUD could extend rally versus yen (Page 28 )
'US Stocks may fall up to 30%' (Page 28 )
CHEMOIL's CEO raises stake through open-market purchases (Page 30)
BROKERS DIGEST :
AsiaPharm Group - BUY (tp = 83 cents)
China Fishery Group - MAINTAIN BUY (tp = $3.08 )
Cougar Logistics Corp - MAINTAIN HOLD (tp = 56 cents)
Creative Technology - UPGRADE TO BUY (tp = $8.50)
Golden Agri-Resources - OUTPERFORM (tp = $3.60)
Keppel Land - BUY (tp = $10.25)
Rickmers Maritime - BUY (tp = $2.00)
Sarin Technologies - HOLD (tp = 75 cents)
Yangzijiang Shipbuilding - BUY 2 (tp = $2.35)
PERSONAL WEALTH SECTION :
Leveraged trading on the cheap (Page PW 1)
CFD : Wrong bets could result in massive losses (Page PW 2)
No Chinese take-out for global markets (Page PW 3)
Liquidity, leverage and their looming risks (Page PW 4)
Taking a "weighted and rebalancing" approach (Page PW 8 )
VOLUME MOVERS :
Ban Joo & Co. Ltd
Digiland International Ltd
United Test and Assembly Centre Ltd
Rowsley Ltd
HOT STOCKS :
CREATIVE TECHNOLOGY - Upmove set to continue. Immediate resistance at $8. A break above $8, prices to test $8.90.
UTAC - Punter's favourite (tp = $1.12)
FU YU MANUFACTURING - Set to rebound (tp = 45 cents)
Chartered Semiconductor Manufacturing - Breakout at $1.35 (tp = $1.80)
Venture Corp - Temporary correction. Support at $14.40, prices to re-test $16.50)
Global Testing - Temporary consolidation, resistance at 26 cents. If breakout, tp = 50 cents.
Huasing Association 1999 - 2013