The Trading Floor - July 2018

Discussion in 'The Trading Floor' started by Amator, Jun 30, 2018.


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  1. sotong11

    sotong11 Well-Known Member

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    singtel...singtel....

    dont sink back again.....
     
  2. sotong11

    sotong11 Well-Known Member

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    morning snipers
     
  3. plutus2

    plutus2 Well-Known Member

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    Good morning snipers
     
  4. nottibird

    nottibird Moderator

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    Wall Street was closed last nite for Independence Day.

    upload_2018-7-5_8-37-3.png
     
  5. nottibird

    nottibird Moderator

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    SingTel closed at 3.07 after hitting Day High at 3.08.
    May the panic shortcovering frenzy of the kateks continue tomorrow and for the rest of the week !!!
     
  6. Amator

    Amator Well-Known Member

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    SINGAPORE (July 4): Singapore’s central bank said tail risks to global economic growth have increased “significantly” in the past six months because of a pick-up in inflation and trade tensions.

    “The world has clearly moved from trade tension to trade conflict,” Ravi Menon, Managing Director of the Monetary Authority of Singapore, told reporters on Wednesday at the release of the bank’s annual report. “If this escalates into a trade war, all three engines of global growth -- manufacturing, trade, and investment -- will stall.”

    With the US threatening to slap higher tariffs on goods from China, Canada, the European Union and others, concerns are mounting that the trade conflict will spread, undermining global growth. That’s on top of risks from higher oil prices, rising global interest rates and a stronger dollar.

    Menon said the direct impact of higher tariffs will be limited, but the consequences will be “dire” if the conflict spreads.

    Growth in Singapore’s export-reliant economy remains on a solid footing, but will be hit if global trade takes a knock. Menon reiterated the MAS’s growth forecast of 2.5% to 3.5% for this year.

    “If this keeps on going like this, we are certainly going to feel the impact being such an open economy,” the MAS chief said.

    Global central banks, including the MAS, have started to tighten monetary policy in line with a stronger growth momentum. The MAS uses the currency as its main tool rather than interest rates, and shifted to a tightening policy stance in April. The MAS expects core price growth to average in the upper half of its 1% to 2% forecast range this year.

    “We’re not calibrating monetary policy to address tail risks, so for now, that’s not the case,” Menon said. “If the trade conflict becomes much more serious, then it’s no longer a tail risk, it becomes current reality, in which case, monetary policy will have to take that into account.”

    Menon also made the following comments at the press briefing:

    On Singapore’s property market:
    MAS closely monitoring developments in residential property market, remains committed to maintaining sustainable market Recovery is welcomed but needs to be in line with economic fundamentals “If property prices rise too rapidly, they will outpace the growth in income, households will then have to take on more leverage than they are able to manage” “This risk will be compounded as interest rates rise” Increasing prices also raise the risk of “destabilising market correction” when additional supply comes on line

    On financial services:
    Fintech estimated to have contributed close to 2,000 jobs in 2016, 2017. Financial services in total saw net increase of 7800 jobs Foreign exchange average daily trading volumes in Singapore declined by 6.7% last year, compared to 20.5% increase in 2016

    On 1MDB:
    MAS providing information to authorities proactively on 1MDB “We are still looking at certain individuals and there are others who we are looking forward to interview” MAS in close contact with 1MDB task force, met with them twice MAS may relook at banks again if there is new evidence, but so far, that hasn’t been the case “We’re looking very closely at new information that’s emerging from Malaysia and other places to see if any action on our part is warranted. But the investigations into individuals continues”
     
  7. plutus2

    plutus2 Well-Known Member

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    Prayers are working!!!
     
  8. Amator

    Amator Well-Known Member

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    SINGAPORE (July 4): Wilmar International’s co-founder, Martua Sitorus, has tendered his resignation a week following Greenpeace International's revelation of his links to Gama Plantation, a related palm oil business responsible for massive deforestation in Indonesia.

    Gama is a palm oil business run by senior Wilmar executives and members of their family.

    In addition, Sitorus’ brother-in-law, Hendri Saksti, who is the group’s country head for Indonesia has also resigned.

    Wilmar in 2013 has committed to end its links to deforestation. But Greenpeace investigations revealed that Gama has deforested an area that came up to twice the size of Paris.

    Responding to the news, Kiki Taufik, global head of Greenpeace’s Indonesia forests campaign, says, “This shows that Wilmar is determined to blame someone else for its failings. This is not just about Gama or Martua Sitorus. It’s about Wilmar’s refusal to do what it takes to keep forest destroyers out of its supply chain. If Wilmar is serious about reform, the first step is to prove its palm oil suppliers are clean by making them publish maps of all their concessions.”

    Greenpeace is calling on brands and traders to suspend business with Wilmar until it has addressed the violations of its ‘no deforestation, no peat, no exploitation’ policy, starting by publishing concession maps for all producer groups within its supply chain.

    Separately, RHB Research earlier today kept its “buy” call on Wilmar, highlighting that the ongoing market uncertainties and the recent retracement in share price as a good opportunity to accumulate the stock.

    This also came despite concerns of trade tensions between US and China.
     
  9. nottibird

    nottibird Moderator

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    3.04 : 3.05.
    Kateks yelp pain pain.
     
  10. nottibird

    nottibird Moderator

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    abd18b.jpg
     
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  11. plutus2

    plutus2 Well-Known Member

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    Lets us PRAY
     
  12. sotong11

    sotong11 Well-Known Member

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    morning snipers...
     
  13. nottibird

    nottibird Moderator

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    upload_2018-7-4_9-30-20.png


    Relieved to see a Great Wall of China there. At the very least it will discourage kateks to open a new SHORT position and
    prompt those who have SHORTed higher to look into taking profits. I can only hope that those who wish to sell...the big sellers...
    have the blardy cow sense to wait for bargain hunters, dividend seekers and kateks to buy in swarms to drive up the price first.
    Dont come out to sell now and throw a spanner in the works. Let these 3 groups of buyers push up the price first. Then can sell
    higher mah, Bodoh.
     
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  14. plutus2

    plutus2 Well-Known Member

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    Good morning snipers
     
  15. nottibird

    nottibird Moderator

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  16. nottibird

    nottibird Moderator

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    Ya. SinkTel has become a submarine. NABEH this once upon a time Sure Cum stock.
     
  17. plutus2

    plutus2 Well-Known Member

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    Sink and Tell look reaching sub 3 liao
     
  18. nottibird

    nottibird Moderator

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    A sea of red.
    See leow ma sian.
    Long Chong ang ang one.
    Question everyone is asking is ------ how many more sessions of menses before we can put the tampon away. aa1a17.gif
    The last man standing is the one who has enough capital and LOON power to continue to LOON until the bottom
    is reached and the market does a U-Turn.
     
  19. DeepBlue

    DeepBlue Well-Known Member

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    Thanks Much

     
  20. plutus2

    plutus2 Well-Known Member

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    good morning sniper
     
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