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(Post 951 of 15224)   07/26/2003.09:33:16
Author :
Skyfox
By Skyfox On Thursday, 17 Jul 2003 10:36pm
[ Jade User ] Posting #888 (Viewing #888 of 951 Total) [ Bookmark ] [ Reply ]

Here is my take on US markets and STI
Nasdaq is currently still a star performer and is likely to show some weakness before proceeding upwards again and for Dow very likely is going to trade sideways with occasional flirting with the 9000 level, once the converging lines are broken, it is very likely to resume where it is going, that is upwards.

(Post 952 of 15224)   07/26/2003.09:38:24
Author :
Skyfox
STI to head for 2000 level. No kidding.

(Post 953 of 15224)   07/26/2003.11:12:31
Author :
Moneytree

(Post 954 of 15224)   07/26/2003.11:40:15
Author :
Wavpak
Got strong resistance at 1,800 leh...however, we may see a repeat of Q4 2001 to Q1 2002 rally...a likely scenario as more good news come through for Q3/Q4 2003...so by Q2/Q3 2004 we will see exhaustion with STI hovering around 1,800. In short, we can selectively load up now. Good luck.

(Post 955 of 15224)   07/28/2003.09:25:14
Author :
Zombie
The STI and other stocks are doing steadily well in this bullish uptrend

(Post 956 of 15224)   07/28/2003.09:42:40
Author :
Johnnyned
hong kong stock will likely to be in play this week...such as JSM, JMH, Dairy Farm, People Food etc...will see

(Post 957 of 15224)   07/28/2003.11:38:41
Author :
Zombie
The STI is already 21pts up.

(Post 958 of 15224)   07/28/2003.16:40:49
Author :
Skyfox
Congratulations to those who listen to my call.

By Skyfox On Thursday, 24 Jul 2003 09:54am
[ Jade User ] Posting #931 (Viewing #931 of 946 Total) [ Bookmark ] [ Reply ]

Mephisto, I am looking to load up again.
I am at 80% confident level. heh heh heh heh heh.

Lai Leow!


Index Value : 1560.46

(Post 959 of 15224)   07/28/2003.16:44:13
Author :
Moneytree
Skyfox...looking for an ego trip...anyway good call.

(Post 960 of 15224)   07/28/2003.16:49:04
Author :
Skyfox
Moneytree, you are the one who made good calls. Congrats!

(Post 961 of 15224)   07/28/2003.16:55:12
Author :
Moneytree
tks Skyfox...this SI forum is for us to make $$$ together.

(Post 962 of 15224)   07/29/2003.12:31:35
Author :
Wms
Charts of many recently active counters are showing some sort of holding pattern, good idea to watch out ahead for a potential turning point in trading sentiment. (Recent sentiment has been bullish and may be petering out short-term.) Good luck har.

(Post 963 of 15224)   07/29/2003.16:59:47
Author :
Skyfox
About Celestica

Celestica is a world leader in the delivery of innovative electronics manufacturing services (EMS). Celestica operates a highly sophisticated global manufacturing network with operations in Asia, Europe and the Americas, providing a broad range of services to leading OEMs (original equipment manufacturers). A recognized leader in quality, technology and supply chain management, Celestica provides competitive advantage to its customers by improving time-to-market, scalability and manufacturing efficiency.

Celestica's goal is to be the customer's partner of choice in the electronics industry, and the company strives to set the benchmark for the industry in the following key areas:

Customer Driven
Values Driven
Six Sigma Quality
Technology Leadership
SCM & IT Leadership
Seamless Global Network
Low Cost Producer
Strong Financial Performance

Fast Facts
2002 Revenue: US$8.3 billion

Employees: Over 38,000 worldwide

Headquarters: Toronto, Canada

Locations: Over 40 manufacturing and design facilities worldwide

Listings: The Toronto Stock Exchange, New York Stock Exchange (NYSE)

Stock Symbol: CLS

CEO: Eugene Polistuk,Chairman and CEO

CFO: Anthony Puppi, Executive Vice President and CFO




(Post 964 of 15224)   07/29/2003.17:01:49
Author :
Mephisto
Skyfox, before you go further, go check Celestica's financials first.

(Post 965 of 15224)   07/29/2003.17:03:20
Author :
Skyfox
Mephisto, any view on this company celestica?

(Post 966 of 15224)   07/29/2003.17:06:18
Author :
Skyfox
UPDATE - Celestica results miss estimates, stock slumps

TORONTO, July 24 (Reuters) - Celestica Inc. (Toronto:CLS.TO - News), one of the world's largest contract electronics manufacturers, reported a worse-than-expected second-quarter loss on Thursday and said the outlook for its hard-hit sector remains tepid.

The news sent its stock down more than 5 percent before it recovered to trade down 60 Canadian cents, or 2.8 percent, at C$20.70 in Toronto with more than 1.6 million shares changing hands. In New York, the stock fell 50 cents to $14.85.

Celestica, which makes parts and equipment for companies such as IBM, Sun Microsystems, Lucent and Cisco, reported a loss of $39.6 million, or 18 cents per share, in the quarter ended June 30, compared with net earnings of $40.4 million, or 15 cents per share, last year.

The company said losses were due to a $21.6 million restructuring charge and 29 percent drop in sales.

"The momentum behind some of our new program wins was muted by lower-than-expected volumes in base infrastructure products, mainly in Europe," Chief Financial Officer Anthony Puppi told analysts in a conference call.

Excluding the amortization of intangible assets, integration costs and one-time charges, the company reported an adjusted loss of $12.1 million, or 7 cents per share.

It was the first loss on an adjusted basis in its five-year history as a public company. Analysts surveyed by Reuters Research had expected, on average, an adjusted loss of 4 cents.

The results prompted Merrill Lynch analyst Steven Fox to cut his 2003 and 2004 earnings forecasts. He said in a note to clients: "The company appears to be taking longer than we would have expected to improve profits."

SALES DOWN, BUYBACK BID RENEWED

Celestica Chief Executive Eugene Polistuk said the company is seeing more stability in overall demand and earnings should improve next quarter, helped by past restructuring efforts.

"We are getting traction on revenue and expect growth," Polistuk told Reuters in an interview.

"I would be the last one to go out and make any bold pronouncements about the tech space, and which is going up and which is going down, but it definitely is in aggregate stable and slightly going up for us."

But the company forecast third-quarter earnings and revenues would still be well below 2002 levels.

"I do think that investors are going to view the bottom line as a negative. The guidance into the September quarter, which is probably as important as the results, was flat, in line with their customers," said Todd Coupland, an analyst with CIBC World Markets in Toronto.

Revenues at the Toronto-based firm, which competes with Solectron Corp. (NYSE:SLR - News), Jabil Circuit Inc. (NYSE:JBL - News), Flextronics International Ltd. (NasdaqNM:FLEX - News) and Sanmina-SCI Corp (NasdaqNM:SANM - News), fell to $1.6 billion from $2.25 billion in the same quarter quarter of last year. Analysts had expected, on average, revenues of $1.62 billion.

In April, Celestica forecast second-quarter adjusted results between earnings per share of 2 cents and a share loss of 10 cents on revenue of $1.55 billion to $1.75 billion.

For the third quarter ending Sept. 30, Celestica said it expects revenues in the range of $1.55 billion to $1.7 billion, with adjusted results between earnings of 2 cents a share and a loss of 5 cents a share.

Analysts surveyed by Reuters Research had expected, on average, nil earnings per share in the third quarter, on revenues of $1.68 million.

Celestica said on Thursday it will launch a new normal course issuer bid, allowing it to buy back up to 10 percent of its shares, a move analysts said would support the stock.

Under its current bid, it has bought back 17.9 million shares at an average price of $13.03

(Post 967 of 15224)   07/29/2003.17:08:32
Author :
Mephisto
Skyfox, if you want to play ECM stock, Venture or Flex better choice.

(Post 968 of 15224)   07/29/2003.17:13:08
Author :
Skyfox
Thanks Mephisto. , but key points are restructuring effort for FY2002 is likely to take effect and management's effort of buying up to 10% of its shares back. Some plus points for the company I reckon.

(Post 969 of 15224)   07/29/2003.17:21:54
Author :
Skyfox
Lai Leow!!!

(Post 970 of 15224)   07/29/2003.22:12:01
Author :
Usmtt
Big correction coming. Be aware.

(Post 971 of 15224)   07/29/2003.22:39:17
Author :
Waitlonglong
US Very the RED....

(Post 972 of 15224)   07/29/2003.22:43:09
Author :
Masteryoda
Consumer confidence lowest since March...looks like STI is going south for the rest of the week...

(Post 973 of 15224)   07/29/2003.22:45:10
Author :
Mephisto
Yah, just when most thought US economy on the mend, the consumers threw in the spanners!

(Post 974 of 15224)   07/29/2003.23:11:31
Author :
Mephisto
US market like trying to make a come back.

(Post 975 of 15224)   07/29/2003.23:11:56
Author :
Tayang
I believe these angmoh ECMs are having very tough times with Taiwanese ECMs positioning such a huge(so huge that angmoh like HP and Dell also shocked) capacity in China...

Venture and many Taiwanese ECMs(eg Hon Hai...) should be better bets.

To invest in electronic, you must know Taiwanese companies....otherwise bau si...

All angmoh ECMs lost money, yet Hon Hai(ranked 5th or 6th worldwide) and Venture made huge profit.

(Post 976 of 15224)   07/30/2003.15:56:02
Author :
Pro
Latest DJ futures turned from negative to positive. Good indication where market is heading.

(Post 977 of 15224)   07/30/2003.20:47:57
Author :
Masteryoda
Experienced SI forumers, is there a calendar in SI that keep tracks of Corporate Annoucements dates? Thanks in advance.


(Post 978 of 15224)   07/31/2003.10:28:10
Author :
Moneytree
...liquidity....

Singapore June M3 191.65 bln sgd vs 188.51; M2 184.65 bln vs 179.48
Source : AFX 31/07/2003 10:12
SINGAPORE (AFX-ASIA) - Broad money supply in June as measured by M3 rose to 191.65 bln sgd from 188.51 bln a year earlier and from 191.41 bln in May, the Monetary Authority of Singapore said, citing preliminary data.
M2 rose to 184.65 bln sgd from 179.48 bln a year earlier and from 184.34 bln the previous month.

Narrow money as measured by M1 increased to 36.71 bln sgd from 34.88 bln a year ago and 36.55 bln in May, it said.

(1 usd = 1.7577 sgd)

manny.serapio@afxasia.com

mas/skb

(Post 979 of 15224)   07/31/2003.10:35:25
Author :
Civicguy
*DJ Singapore 2Q Prelim Unemployment Rate 4.5% Vs 4.5% In 1Q

31/07/2003 10:30


(MORE) Dow Jones Newswires 31-07-03 0230GMT



(Post 980 of 15224)   07/31/2003.10:40:38
Author :
Civicguy
DJ Singapore Jun Bank Loans -3: Housing Loans Up 11% On Year

31/07/2003 10:38


The increase in loans in June was due to a broad-based increase in credit demand, "with housing loans showing the strongest (on-month) increase of S$752 million," the MAS said in a brief explanatory note.

Housing loans were 11% higher on year, and up 1.5% on month at S$49.31 billion in June.

Loans to other sectors of the economy, such as manufacturing and building and construction, were generally mixed, with loans rising from May, but lower compared with the year-ago period.

Loans to the manufacturing sector fell 8.8% year-on-year, but rose 1.2% on month to S$10.35 billion.

Loans to the building and construction sector declined 7.8% on year, but rose 1.2% from May to S$24.09 billion.

-By Izham Ahmad, Dow Jones Newswires; 65-64154-157; izham.ahmad@dowjones.com

(END) Dow Jones Newswires 31-07-03 0238GMT

(Post 981 of 15224)   07/31/2003.12:28:38
Author :
Pro
STI is oversold.Market trend is still positive.Buy on weakness. Accumulating HTL.

(Post 982 of 15224)   07/31/2003.13:04:56
Author :
Mccool
Is profit taking going on?

=DJ Asia Fund Poll: Managers Suggest Taking Profits In Stks
Source : Dow Jones 31/07/2003 12:55

By Rita Raagas De Ramos

Of DOW JONES NEWSWIRES

HONG KONG (Dow Jones)--International fund managers remain bullish over the long-term prospects for equities globally, but are recommending investors reduce their portfolios to take profits from strong gains in the past three months.

In the latest monthly Dow Jones poll of fund managers, they recommend on average a slight overweight in equities globally, compared to a full overweight last month. They continue to recommend investors stay neutral on cash and be slightly underweight in bonds.

"Equity lows for this cycle are behind us, but future rallies might be capped by relatively high valuations. Overall, the liquidity-driven phase of the global equity rally is probably largely complete," said JF Asset Management, which manages around US$500 billion globally.

Managers are still most bullish on stock markets in Asia excluding Japan, citing relatively cheap valuations. Another reason often cited is the strength of China's domestic economy, which is expected to continue being a major growth driver for the region even if the U.S. recovery is slow.

Geoff Lewis, head of investment services at JF Asset Management, said many Asian companies, especially in North Asia, are benefitting from China's strong growth. South Korea and Thailand are major sources of basic components and industrial raw materials for China, while Thailand and the Philippines provide basic resources, he noted.

Each month, Dow Jones Newswires surveys fund managers on portfolio weighting recommendations for the succeeding months, with some looking at a 12-month horizon. July's survey was taken over the past 10 days.

The respondents for this month's survey were Allianz Dresdner Asset Management, AMP Henderson Global Investors, Citigroup Asset Management, First State Investments, Franklin Templeton Investments, HSBC Asset Management, JF Asset Management, Kingsway-HIA Investment Products, Morley Asset Management, Schroder Investment Management, and UOB Asset Management.

Recommended Japan Equities Weighting Rises

Sentiment for Japanese shares continues to improve in the latest survey. Fund managers suggest a slight overweight in a global equities portfolio, up from neutral in June and a slight underweight in May.

Within an Asia-Pacific equities portfolio, the recommended weighting for Japan rises to neutral - the first time the weighting has been this high since May 2001.

Fund managers believe Japan, having underperformed regional equities for the past two years, will likely play catch-up. "Valuations are historically attractive," said UOB Asset Management, which manages around US$15 billion globally.

In contrast, managers cut their recommended weighting for Hong Kong in a regional equities portfolio to slight underweight from slight overweight last month. The reason isn't the past month's political turmoil in Hong Kong - many fund managers think it may have little long-term impact on the stock market, and some think the turmoil could ultimately be positive for the territory's political development.

Instead, the managers think the sharp rise of the Hang Seng Index in the past three months may have diverged too far from the still-sluggish economy.

"It's time to take a breath as the recent rally has already run ahead of economic fundamentals," said HSBC Asset Management, which manages around US$145 billion globally.

Added Martin Lau, senior portfolio manager at First State Investments (Hong Kong), "The major concern among fund managers right now is deflation, the weak property market, and the very weak loan growth scenario. We are focusing on the economic problems of Hong Kong and the opportunities that are present despite these problems, rather than political problems."

Similarly, this week's failed military rebellion in the Philippines didn't have a significant impact on fund managers' average recommendation for the country's stocks, which stayed at underweight - the most negative weighting in the region - within an Asia-Pacific equities portfolio.

International fund managers have been virtually absent from the Philippine equity market for years, largely due to political instability and security concerns, so this week's events didn't change their already jaded view.

Within an Asia-Pacific equities portfolio, fund managers are most bullish on Thailand, where they recommend a full overweight. Thailand is the best performing Asian equity market so far this year, with a year-to-date gain of around 33%.

(MORE) Dow Jones Newswires 31-07-03 0455GMT

(Post 983 of 15224)   07/31/2003.13:47:33
Author :
Rem
if this trend continues,the economic rebound will have little impact on jobs for singaporeans...professor lim chong yah...today pg1...

(Post 984 of 15224)   07/31/2003.13:48:33
Author :
Rem
happy national day...

(Post 985 of 15224)   07/31/2003.14:29:44
Author :
Dddiver
MY,

I am not sure there is a calendar in SI. I can't found it as well
Well, there is one in Kelive.

(Post 986 of 15224)   07/31/2003.14:36:49
Author :
Johnnyned
if TAC broke through $1.46 will head towards $1.28...beware

(Post 987 of 15224)   07/31/2003.15:00:42
Author :
Pro
I wonder how this bloke goona make good money , queing to buy 21 lots at 1900 and q to sell at 1903 23 lots on SiMSCI Futures index.

(Post 988 of 15224)   07/31/2003.15:03:18
Author :
Pro
DJ Futures is up 22 points.Buy on weakness.

(Post 989 of 15224)   07/31/2003.15:45:21
Author :
Pro
Folks who played that SIMSCI must be wondering why the spot index at 1920 whle the futures is trading at 1901. more than 19 ticks away.

(Post 990 of 15224)   07/31/2003.15:51:32
Author :
Rem
er...dbs and uob results out tomorrow...they whack down on monday...

(Post 991 of 15224)   07/31/2003.15:53:26
Author :
Mayu
GGODBYE STI. In this downtrend, must choose the stock properly...choose INTERRA - super high beta!!! Hahaha!

(Post 992 of 15224)   07/31/2003.16:02:03
Author :
Pro
Short the SIMSCI index.

(Post 993 of 15224)   07/31/2003.16:03:34
Author :
Sparetyreboss
hahaha Mayu, i dont think you understand what is beta...

(Post 994 of 15224)   07/31/2003.16:06:29
Author :
Spurs
Mayu,

What does super high beta got to do with stock picking? You know what is beta or not?

Stock index go down and you choose high beta stock? Better check on glossary first...

(Post 995 of 15224)   07/31/2003.16:09:08
Author :
Mayu
sparetyreboss,
Haha! Ya lor. I almost forgot liao what is beta, study finance at the uni more than 10 yrs ago! Think is high up, high down, high risk, high gain, right?? hahaha!

(Post 996 of 15224)   07/31/2003.16:09:40
Author :
Rem
hmmm...think the hedge fellas sense mata watching...no big movement yesterday between 4 an 5...

(Post 997 of 15224)   07/31/2003.16:17:24
Author :
Mayu
Spurs,
Actually me just joking onli lar. Of course i wont encourage ppl to buy high beta stocks. But for me i'm a risk-taker/aggressive punter. 90% buy high beta stocks, whether in bull or bear market. That's why sometimes lose tens of thousands in a just a matter of days.

(Post 998 of 15224)   07/31/2003.16:24:40
Author :
Pro
Folks not to worry, market oversold , should be able to rebound banks results is ok with profits down slightly.

(Post 999 of 15224)   07/31/2003.16:29:42
Author :
Et4
Fully agree. Market artificially push down these few days despite everything well in other markets. This is part of National Parade preparations.

(Post 1000 of 15224)   07/31/2003.16:50:19
Author :
Pro
Most of the heavy weights have been wacked down.STI should rebound tomorrow.


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