One of Japan’s largest wireless carriers, SoftBank Corp is spending $20.1 billion to gain a foothold in one of the world’s biggest and most lucrative mobile markets. SoftBank Corp., Japan’s third-largest carrier, is taking a 70% stake in struggling U.S. carrier Sprint Nextel Corp. It would mark the largest-ever overseas acquisition by a Japanese company. Softbank Corp.’s $20 billion takeover…
Category: Investment Tips & Guides
Temasek sells stake in SingTel – opportunity to accumulate on short term price weaknesses | Singapore Stock Market
Just as the Singapore Market is undergoing a band consolidation after the breakout of 3000 level, Temasek Holdings announced on Wed that it is selling 400 million shares in Singapore Telecommunications Ltd (SingTel). The deal has an upsize option to sell an additional 100 million shares if the demand is strong. Temasek owned 54.4 percent of SingTel as of 31 March 2012. It…
US stock markets have run ahead of reality? | Fundamental Analysis | US Stock Market
All eyes are on Fed’s next move and whether there is further QE3. Already as it stands, the interest rates are low till 2013 and reported profits for most listed companies are racking in above and inline with analysts’ estimates. Looking closer into the macroeconomics trends (depicted below), the slowdown is still persistent but personally it does not truly warrant…
Apple (AAPL) stock heading new highs with some weariness ahead of the anticipated product(s) announcement | Technical Analysis | US Stocks
Apple (AAPL) stock, which had gone nearly straight up since hitting new all-time highs last month, finished down on Monday market close at more than 2% – just two days before Apple is expected to unveil a new iPhone. Not bearing the fact that less than one month ago, shares of Apple plunged after the company’s third-quarter earnings “disappointed” the…
Financial sector a big laggard or a sign of bigger storm ahead? | Technical Analysis | US Stock Market
For the past quarter in 2012, Dow Jones Industrial has seen a steady upward price momentum with key indicators also ticking up. Nevertheless, the volume has not been too comforting, coupled with much in-decisiveness depicted in wide weekly range swings and doji formations. Interestingly, the DJ Financial Index has been a big laggard against the general DJI components. It is…
Straits Times Index hitting key resistance – Take profits on further strength | Technical Analysis | Singapore Stock Market Review
Ever since Jun 2012, our local Singapore bourse has been out performing vs the foreign markets despite lack of concrete improvement of the Euro crisis. Series of lackluster US economic data further add to the risk of a near term correction in the Singapore stock market. Looking at the STI technicals. it is now testing the very key resistance at…
Apple Q3 2012 earnings as a catalyst to new highs for AAPL stock price? | Technical Analysis | US Stock Market
Apple is set to announce her Q3 2012 earnings July 24 at 5 p.m. ET. It is largely expected that iPad sales to easily beat last quarter’s, and iPhone unit sales to slow down. Apple is widely expected to introduce a new iPhone in Oct 2012, some would-be customers will be holding out for the new model. In Q2 2012,…
Impact of falling oil prices on Offshore & Marine stocks | KepCorp, SembMarine | Singapore Stocks Analysis
As of last week, world crude oil prices have dropped to the lowest price in eight months after U.S. stockpiles unexpectedly increased and a report signaled China’s manufacturing will shrink in Jun 2012. At one stage, oil fell nearly $3 on Thurs (21 Jun) to dip below $80 for the first time since October 2011. Typically, oil price is prone…
US Bank stocks badly sold off with increased market uncertainty | Citigroup, BAC | US Stocks
Across the globe, U.S. economic data released in the past week were mostly upbeat – increases in sales of new and existing homes, an unexpected rise in durable-goods orders and a climb in the consumer sentiment index to its highest level since October 2007. Now the focus of weary eyes are on these key macroeconomics developments: a) The risk of…
Dow Jones Industrial & Nasdaq index hit brakes in light of poor US Jobs statistics – More correction to come | Technical Analysis | US Stock Markets
On Fri (4th May), the US Bureau of Labor Statistics showed that the U.S. economy created just 115,000 jobs in April as hiring slacked off for a second straight month. Job growth in the last two months has been cut almost in half compared to the winter months of December through February, suggesting businesses may have turned cautious again The…