Cosco - .Worsening outlook !!!

"Further order cancellation & margin pressure in 2009
The outlook for the shipping building industry continues to deteriorate, in our view.
Management presented a notably downbeat 2009 outlook highlighting the risk of
further delivery delays and order cancellations. Management also guided that
margins for the shipbuilding & shipping divisions will continue to come under
pressure and that planed expansion of the ship yards has been scaled back.
Trading at 1.5x P/B we maintain our underperform rating and PO of S$0.45/share"

I extract the above statement from ML report dated 23Feb. Obviously the FA is getting from bad to worst , has the current price factor in the poor outlook going forward ? I am not sure also .

But looking at the chart , the key support at 0.765 . This level if breakdown might spell trouble , which could bring it down to around 0.665 . Stay Short ... ....

SingTel - Update

previously i expect singtel to hit 258 , it reach 255 and started to reverse down again ... very strong support at around 240 level ... ....

DBS

strong support at 8 , should this level breakdown , we can expect to see 780 . On the other hand , watch for breakup with good volume to rest recent high of around 840 .

What a comeback after breaking his leg - Eduardo !!!

Cosco

with BDI stop surging , cosco could be on the way down to below 80c again .... .... could retest recent low of around 76c again ...

Keppel Land - Update

since the breakdown on 13th Jan at around 180 level , kep land procced to do a freefall and touch 130 . Last friday , the counter come alive with huge volume and price surge . It breakup from the DC which i have identify , short term wise i expect the price to hit 150 follow by 156 soon . Watch out for it ... 130 remain a key support .

SingTel - Update

breakup with decent volume , could touch around 258 soon ...

Hang Seng Index Update (short term remain bearish ? )

HSI could turn down to touch next support at around 12400 ... ...

Capital Land - Update( short term bullish ? )

price breakup with rock solid volume , could test 50MA soon around 2.77 .

Temasek CEO Ho Ching To Step Down

SINGAPORE (Dow Jones)--Singapore''s state-owned investment firm Temasek Holdings Pte. Ltd. said Friday that Chief Executive Officer Ho Ching will step down in October and will be replaced by former BHP Billiton Ltd. (BHP) CEO Charles Goodyear. "Ho Ching has been instrumental in bringing ''Chip'' on board. We have been working on this appointment for more than a year," Temasek Chairman S. Dhanabalan said in a statement. "The team has already embarked on a different stance since mid-2007, and has begun to review its long-term plans under various scenarios prompted by the economic downturn. The board is of the view that, if we are to bring in new leadership, it would be just as good a time as any to involve a new leader in this review," he added. Ho, who is in her 50s, has been Temasek''s CEO since 2004. She is the wife of Singapore Prime Minister Lee Hsien Loong.

SGX ( bearish ? )

SGX is still caught under the long term downtrend line establish since Oct'07 , next support level around 493 . As such , stay short on this counter unless proven otherwise ... ...

STI Index - Update ( remain bearish ? )

support at 1677 , a break below will bring it down to 1640 level . short term wise i remain bearish on STI unless it can break up the recent high of 1780 .

Cute babies ... ....

Why are you biting your finger , dirty fellow :)

big fat baby :)