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…
Tag: Buy Call
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,…
Worldwide stock markets rebound on good summit news. Bear relief or resume of last bull run? | Market Analysis
US stocks climbed and treasuries tumbled on last Thursday after the second EU summit in six days of talks ended in Brussels with European governments boosting their rescue fund to 1 trillion euros. Europe’s latest effort to contain the euro zone’s two-year-old debt crisis won applause from financial markets. It includes a commitment by banks and other private bondholders to accept…
USD strengthens against SGD, buy on current retracements | Technical Analysis | Currency Market
USD has started its retracement from its last high. This is on the backdrop of more concrete commitments by the Euro-zone leaders and improving US economic data.Aided by one week long improvement in all region bourses, the overall risk appetite has improved with some significant exits in safe-haven instruments such as Gold, USD and Yen. Specifically for USD Index, The…
Hewlett-Packard Co H-P (HPQ) – financial forecast driven weakness or a good buying opportunity? | Technical Analysis Stock Prices | US Stock Market
On Tues 17th May 2011, Hewlett-Packard Co. reported a small increase in Q1 profit after a leak of a memo from the company’s CEO warning management of “another tough quarter.” The results for the quarter ended April 30 came in slightly above Wall Street’s expectations despite weakness in the company’s PC business and a slowdown in services. The shares had…
Nike Inc. (NKE) suffered price decline after a weak quarterly profit | Stock Analysis | US Stock Market
Nike Inc.(NKE) reported on 18 Mar 2011, a smaller quarterly profit than most analysts had expected. Financial-wise: – Fiscal third-quarter net income of $523 million, or $1.08 a share, up from $497 million, or $1.01 a share, in the year-earlier period– Sales increased 7% to $5 billion– Gross margin fell 110 basis points to 45.8% as the cost to make…